Topic: Why not just print dollars? - page 31. (Read 30043 times)

Here's your answer basically, it's not as easy as just buying inkt in the shop, take it home with you and print out a piece of paper.

Printing out money has a lot of consequences for the economy

yeah. I was wondering too. That will cause us many problems so why it would be awesome

Weird that is awesome how? Did you read it right.
You can destroy de economy with printing alot of money.

That's awesome

keeps printing the dollars will end up cause a big inflation and we will be all in big trouble (look at the US debt! There are a lot of zeros in it)

Maybe they can just print alot of money and the old one that looks ugly just burn it right.

I think the value well be the same. But yeah taht is true if you kept printing the value well go down.

If they would keep printing dollars, it wouldn't be worth much since they can keep printing anyway. It wouldn't hold any value to it. Plus it would have a negative effect on a lot of economic markets.

Is that sarcasm or serious? If the latter... it is not needed. Firstly it would devalue all bitcoins currently in existence. Bitcoin would crash instantly. And secondly it is not needed because even when the 8 decimals are not enough, the amount of decimals can be raised like developers want to raise. A bitcoin might be worth a lot of thousand dollars but then we would simply calculate with satoshies, mBTC or so.

Why not raise the total supply of Bitcoin? Change it to 8 billion so everyone can have 1 Bitcoin. Pretty solid solutions.

Why not just print dollars? I saw this video lately and i think it's a nice piece of work:

https://youtu.be/ExBE651_vOY
https://youtu.be/kx7HDTDDopA

Yes they do indeed. I think it came to a point where they didn't care about how much money they had, they just kept spending it since they thought it would last forever.

this is about legallity,yes we can print Dollars,we can manipulate it as we can,but how about legality?its a human rules,goverment rules,and they ban the illegal dollar who printed by illegal source. but bitcoin is not like that,we cant print bitcoin,and wherever bitcoin made (minted) its always legal (on bitcoin rule) and no one cant blame it.

No, the fiat economy doesn't work that way.

Suppose you have a cake. You hand out tickets to people so they can each get a piece. If you hand out a thousand tickets, either you're going to have to slice the pieces very, very thin, or a lot of people are just going to have worthless tickets. If you hand out just two, each person can have quite a bit of cake. The value of the tickets, then, depends a lot on how many you hand out.

That's basically what money is. It's a promise to pay from the government. You get the money and you can trade it with people in that country for stuff. And just like with the cake, if suddenly tons of people have money, either the money ends up being worth very little or most of the people with money get nothing for it.

A good example of this from history was Germany in 1922. Faced with a sagging economy and forced to pay massive debts as reparations for World War I, the government started printing money as fast as they could to meet these demands. Paper mills and printing presses were LITERALLY running as fast as they could night and day. Over a period of six months or so, the value of the German mark dropped 3.7 MILLION times! What you could once buy for a mark now cost four million marks. People literally lugged around suitcases full of money to pay bills. Absolutely crazy stuff!

Why not just print?  They need to keep the system credible (as much as possible, anyway) so the elites can continue to benefit from it.

Borrowing, rather than printing, gives the impression that the government will shape up and pay back.  The fact that, in practice, the repayment will never really happen will only slowly dawn on people.  By that time the original leaders have already made out nicely.

Also, by keeping public debt and money separate, the elites keep open the option that they will support faith in money but abandon public debt (and in fact supporting money *by* abandoning public debt,) in a crisis.  They are hoping that the threat of this will keep the government less wasteful, and thus prolong the system's lifespan.

That said, the Fed does print a little from time to time and give it to the government.  Quantitative easing is one example, loosening monetary policy with "open market operations" (printing money to buy government debt to influence interest rates) is another.  But the Fed remains a minority holder of Treasuries, for the above reasons, at least for the time being.

because the dollar has something that distinguishes the type of dollars in print and are derived from the bank

I agree. Bitcoin has it's advantages. But it has risks too when it comes to hiding. Newbies don't know, for example, or realize, that change addresses are a great way to connect the dots between all your bitcoin addresses. At the end, with blockchain analysis, you can find out all the addresses someone owns relatively easy. At least for users that aren't aware of that.

So i'm not sure if the average person would be so safe with bitcoins. I mean that it's not been found out that they circumvented restrictions. Safer... that's probably true.

There will never be a reasonable nation that will chose to use bitcoin as their national currency. I mean they would have to buy them to use them. If they would use their own currency then they only would have to print them. And the payment is the trust that this country can back the value behind the fiat. Buying enough bitcoins is impossible for every country in the world.

Of course they could say that the people should buy their bitcoins when they want to use it. But the government would need bitcoins too. In masses. And there is absolutely no way to make this possible.

Because the more money you print, more it's value decreases. As smelting cases of Germany after world War 2 and in Zimbabwe recently.

The value of currency is also determined on the basis of gold inside the country (I don't know the exact method).

Money currencies are printed by different paper material and by the signature of particular incharges . And used by the people of particular countries

well any currency into false will be bad like FAKEBTC