Why not just print dollars? - page 16.

killerfrost

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Quote from: cafucafucafu on August 01, 2015, 07:16:28 PM

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

Bitcoin is a virtual currency and therefore it is not physical or material. So it can not be copied or copied as cash. You do wrong when it comes to saying that Bitcoin is a real value, it's just an online, fast, convenient and extremely secure online exchange.

calandra78

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Quote from: dollarneed on August 03, 2015, 03:02:59 PM

if we print our money, prices will rise such that we’re no better off than we were before. Because wealth isn't created by printing money, it is only represented by it.
furthermore we dont have paper and tools like bank have it Cheesy

because if we print money yourself then it will not affect the market price happens. in fact it could be the price will go up after all your words correctly that if we print our own money do not have support tools as a moneymaker. and for the printing of money that there's already serving himself and the bank has also set out the influx of money will circulate in the market later, we just run it's course. and by printing money we also will not be able to get rich.

Tolrem

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Nothing has inherent value. Gold has been the store of value forever. It however is antiquated. It's heavy, requires enormous structures to secure it, and is inherently valueless. Good luck exchanging a gold ingot for a loaf of bread in a hurry in a war-ravaged area. I don't think BTC is ever going to replace gold, but I think a digital asset may one day. However it has to be elemental like gold, pure, and unchangeable.

mariahh

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Well I suppose this a question that almost every child had "why are we borrow money instead of printing them?".The answer it's not as simple as we think.Money seperately has no value.We use the money to facilitate our transactions.In the past there was no money.Instead of them, people made exchanges with other products.So if we print Infinite money there will be a huge consumption in the market this means a chain reaction with many problems.

omonuyak

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Quote from: cafucafucafu on August 01, 2015, 07:16:28 PM

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

Printing dollar more than the capital reserve will cost inflation. What make dollars a valuable assets is it purchased power. If dollars are printed more than necessary it will lose it values as money and revert back to normal paper.

BigBall

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Bro it is better to earn bitcoins and earn some bitcoin because it is like printing money when you turn bitcoin to some real value you get so much coins in your value what looks really amasing.

grermezter

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Printing of currency anytime one need money will bring the entire world economy into a total collapse and mind you even the value at which the richest nations and people have are not all in paper money. Most of them are digital not in a material form.

olliedickman

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The inflation dude. The more you print dollar the less valuable it can be. Therefore, people do not want to print more and more money and if the government decide to do that, they are trying to against you

DrGuns4Hands

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Bitcoin is rare and way more value than other currency out there. Bitcoin is trusted by people and they want to purchase it more. If you just print dollars then, where is the value thing? But it depends to the situation. If the bitcoin/cryptocurrency is common everywhere? Then more value it gets.

deisik

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Quote from: Hydrogen on May 13, 2017, 05:09:14 PM

German's needing a wheelbarrow full of currency to buy a single loaf of bread isn't a success, I don't think

Indeed, it wasn't a success (at least, not in the sense you mean it)

Primarily because the Antante countries were no fools and demanded payment of reparations under the Versailles peace treaty to be made with natural resources (coal and iron ore, more specifically), not with worthless paper. But this doesn't in the least take anything from my point. Even if Germany couldn't pay out reparations directly with their worthless marks, they did exactly the same indirectly (see inflation tax for more). And, at the end of the day, they still didn't pay out the reparations in full, so it can be said that they did in fact manage to print out of debt, after all

Dimelord

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Quote from: randy8777 on August 02, 2015, 05:29:57 AM

Quote from: Possum577 on August 02, 2015, 01:36:00 AM

Quote from: Meuh6879 on August 01, 2015, 07:50:12 PM

the good point of bitcoin ... is that you can print paper money if you want : https://www.bitaddress.org

and, it's real value ! Cheesy

You're right that bitcoin can't be printed when more is needed.

You're wrong that bitcoin has real value. The value is perceived because all of us place value upon it...just as we do fiat currency.

There is no tangible thing that supports the value of bitcoin, that can prove there is value to it.

There's no Gold, no Silver, no other tangible item that exists in the world...just the promise that only so much bitcoin can every be mined and that the validity of transactions and balances are verified by the community that uses it.

bitcoin is opensource. which means anything can be changed. i don't think they will, but at some point the devs can decide to increase the coincap.

Bitcoin is trusted by people and they want to buy it more since its limit is only 21 million coins.The huge increasing demand and limited supply gives more value to bitcoins.If the coincap is increased,then bitcoin will not have the value which it has today.Unlike US dollars,limited supply is its main feature.

frowsiter

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It's like very common stuff to do really. It has regulations by government and it costs you money to print money. Bitcoin is rare and has value way lot than any other currency.

Hydrogen

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Quote from: deisik on May 12, 2017, 05:01:33 PM

It happens every time whenever there is a major war

Every nation had been doing essentially the same throughout history in such circumstances. During the American Civil war the Union had been printing the greenbacks just like their opponents, the Confederates, printed the graybacks like there was no tomorrow (and there really hadn't been tomorrow for the latter). In these cases hyperinflation is a postponed effect which may never come at all. If you lose a war your money is gone anyway, if you win you just plunder the other side, thus squashing inflation with the loot and boot. The "worst" case is when there is no winner as well as no loser, and then governments must squeeze the monetary base if they don't want runaway inflation to overrun them

Banks or foreign countries finance many wars @ interest. Banks funded both sides of the american civil war.

After World War I and II many countries financed loans from foreign powers.

Nations normally don't print their way out of debt anymore than greece printed its way out of debt the last few times their deficit threatened the EU. Its much more common for greece and other countries in debt to be bailed out.

German's needing a wheelbarrow full of currency to buy a single loaf of bread isn't a success, I don't think.

Rostadom

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Quote from: HarringtonStark on May 13, 2017, 09:38:05 AM

If you keep printing dollars, the currency will become valueless. The Spanish have done the same thing before and that is what happened.

I believe a currency will become valueless only when they printed too much of it or when they print really high denomination of the currency. Just look up Zimbabwean dollars and you'll see a concrete example of this. Constantly printing money will just inflate the currency but it will not become useless. Even when they print nonstop but if the denomination is low, then it will be far from becoming valueless.

As a kid, I also thought of printing out dollars whenever I need it. Funny because it has become the reality of our government. Or maybe it has been the reality long ago? The majority of people don't even understand the concept of inflation. I hope fiat workers wake up soon enough.

HarringtonStark

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If you keep printing dollars, the currency will become valueless. The Spanish have done the same thing before and that is what happened.

deisik

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Quote from: Lancusters on May 12, 2017, 06:26:09 PM

Quote from: Hazir on May 12, 2017, 06:12:20 PM

Quote from: Pab on May 12, 2017, 06:00:54 PM

Try you need quality print jet,quality paper and colours,many dollars are printed by third partys.Dangerous game,it is already owned by mafia i think so you dont have good chance

You are talking about counterfeited dollars? What this has to with quantitative easing? You can't really eliminate fake banknotes.
Mafia is probably not the biggest organization counterfeiting money anyway. You ever heard about superdollar? it's counterfeit United States one hundred-dollar bill.
Superdollars were printed by North Korea and Iran. https://en.wikipedia.org/wiki/Superdollar

I've seen very high-quality counterfeit 100 dollar bills from Chechnya. Quite a lot of them were in the early 90s. I think that soon the US government under the pretext of a large counterfeit bills propose to move to electronic money. All fakes will end up in the pockets of the owners abroad, and they will get control over all money turnover in the country

I've heard such stories too

Or should I rather call them rumors or fables? I've never seen these bills myself, and I'm curious if you really saw them too and whether they had actually been from that part of the world. Chechnya simply couldn't print high quality bills, they just looted the arsenals of the former USSR but that was all they had (and I doubt that money printing machines were among the weaponry). As the rumor has it, the CIA itself is claimed to have been behind the counterfeit dollars, which they used to finance terrorists there ("freedom fighters" as the West mass media called them). If true, it is pretty much telling how the US government is actually fighting with terrorism in real life

Lancusters

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Quote from: Hazir on May 12, 2017, 06:12:20 PM

Quote from: Pab on May 12, 2017, 06:00:54 PM

Try you need quality print jet,quality paper and colours,many dollars are printed by third partys.Dangerous game,it is already owned by mafia i think so you dont have good chance

You are talking about counterfeited dollars? What this has to with quantitative easing? You can't really eliminate fake banknotes.
Mafia is probably not the biggest organization counterfeiting money anyway. You ever heard about superdollar? it's counterfeit United States one hundred-dollar bill.
Superdollars were printed by North Korea and Iran. https://en.wikipedia.org/wiki/Superdollar

I've seen very high-quality counterfeit 100 dollar bills from Chechnya. Quite a lot of them were in the early 90s. I think that soon the US government under the pretext of a large counterfeit bills propose to move to electronic money. All fakes will end up in the pockets of the owners abroad, and they will get control over all money turnover in the country.

Hazir

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Quote from: Pab on May 12, 2017, 06:00:54 PM

Try you need quality print jet,quality paper and colours,many dollars are printed by third partys.Dangerous game,it is already owned by mafia i think so you dont have good chance

You are talking about counterfeited dollars? What this has to with quantitative easing? You can't really eliminate fake banknotes.
Mafia is probably not the biggest organization counterfeiting money anyway. You ever heard about superdollar? it's counterfeit United States one hundred-dollar bill.
Superdollars were printed by North Korea and Iran. https://en.wikipedia.org/wiki/Superdollar

Pab

legendary

Activity: 1862

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Try you need quality print jet,quality paper and colours,many dollars are printed by third partys.Dangerous game,it is already owned by mafia i think so you dont have good chance

skorupi17

sr. member

Activity: 490

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Quote from: cafucafucafu on August 01, 2015, 07:16:28 PM

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

You can always do that. However, doing so may have impact to the economy of a country. If a country prints so much paper money, their currency may be subjected to inflation. Their currency will lose value. Another effect, the prices of products and services they offer will become expensive. So what is the advantage of having more money if you are going to pay more for what you want/need? Taking the long way is avoiding such scenario.

In terms of bitcoin, you cannot do this scheme. You cannot mine anymore when all 21M BTC are already mined. It is an advantage of bitcoin over fiat. You can make another crypto money though.

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