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Author Topic: Why not just print dollars?  (Read 26125 times)
Hydrogen
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May 13, 2017, 09:09:14 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.

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May 14, 2017, 06:07:30 AM

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.

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Dimelord
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May 14, 2017, 08:17:04 AM

Grin 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.
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May 14, 2017, 08:27:00 AM

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

DrGuns4Hands
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May 14, 2017, 03:21:06 PM

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.

olliedickman
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May 14, 2017, 04:00:34 PM

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

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May 14, 2017, 07:09:58 PM

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.

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BigBall
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May 14, 2017, 07:13:02 PM

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.
omonuyak
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May 14, 2017, 07:50:36 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.

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July 07, 2017, 08:45:18 AM

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.
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July 12, 2017, 12:59:27 AM

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.

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July 13, 2017, 04:13:02 PM

if we print our money, prices will rise such that we池e 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.

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July 13, 2017, 05:09:34 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.


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July 13, 2017, 05:46:22 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.
currently bitcoin is mostly us as online currency as it is not yet so much introduced and the users of bitcoin are not too much but with the passage of time I am sure that bitcoin will become more and  more popular and then we will even use it in local shops also. 

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July 13, 2017, 07:32:43 PM

Yes, many of us have thought about that, now that's why we're all here. No one can print bitcoin haha
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July 13, 2017, 07:37:52 PM

The inflation, dude. That is why people not print dollars more and more. As you can see, if Satoshi did not limit the number of bitcoin can be mined, the price of bitcoin could not be as high as it is right now. The more bitcoin we have, the less value it can be.

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July 13, 2017, 09:58:23 PM

You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!
Right, this would be the advantage of bitcoin in other currecy which have a fiat. Because it can earn/generate through online that will result another income for the other. With the price more user are interesting, it is because on their just small amount of money they have a chances to get a big profit. This idea will help to encourage other people to use this/earn or use as a business. It is hard to happen, many fiat are used by people that are most demand than bitcoin and already accepted by stores.

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July 15, 2017, 05:09:41 AM

The problem is trust because people need some confidence to the value and a printed paper without general acceptance its difficult to accept in that sense btc align the concensus of the economy and acceptance.
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July 15, 2017, 05:17:45 AM

When the availability increase than the requirement, surely the value of the dollar will decrease. So just based on the value backing dollar is printed and few countries have did the same these days.

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July 15, 2017, 07:49:23 AM

When the availability increase than the requirement, surely the value of the dollar will decrease. So just based on the value backing dollar is printed and few countries have did the same these days.
But governments now a days not at all worrying about long term perspective but looking for solving immediate problems that is the reason they are simply printing money regardless of their reserving and production levels which slowly pushing down common people with less buying powered momentary system.

I do hear united states is not at all following the basic criteria of printing currency notes or they might have altered those basics as per their need. But still dollars has power against most developing country. It may be possible for them with export levels but any sudden changes may backfire them for sure.



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