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Author Topic: Why not just print dollars?  (Read 29250 times)
Damiantroll
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August 09, 2015, 05:03:42 AM
 #41

Doing that would devalue the US dollar to ridiculous levels. It would probably be worse than 3 Wiemar Republics and would turn the US into a super-nazi state.

not that there's anything wrong with that.

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tonycamp
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August 09, 2015, 05:05:53 AM
 #42

because besides illegal and get you into trouble its piracy and terror of finances and every security bank will be on over you no need sorry

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deisik
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August 09, 2015, 01:32:03 PM
 #43

Doing that would devalue the US dollar to ridiculous levels. It would probably be worse than 3 Wiemar Republics and would turn the US into a super-nazi state.

not that there's anything wrong with that.

Isn't that what FRS had been doing during QEs? The newly printed money went directly to financial markets, them hitting new highs. Did it contribute to the devaluation of the US dollar? If it did, then why is the USD index soaring? I guess in today's perverted world with the currency wars raging, it is not so straightforward as it had been in the good old days...

The days of Weimar Republic

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August 10, 2015, 01:36:31 AM
 #44

Isn't that what FRS had been doing during QEs? The newly printed money went directly to financial markets, them hitting new highs. Did it contribute to the devaluation of the US dollar? If it did, then why is the USD index soaring? I guess in today's perverted world with the currency wars raging, it is not so straightforward as it had been in the good old days...

It might have a lag effect. Which is why the US is so concerned about inflation and ended QE.
Interest rates are going to go up some time this year too. This is a pre-emptive measure to prevent high inflation.

dollarneed
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August 10, 2015, 03:16:30 AM
 #45

as we know that the price of goods depend on the ratio of the amount of money and the amount of inventory. If the goods more than the money supply, then prices will tend to fall. Conversely, if the quantity of goods less than the amount of money in circulation, then the prices will tend to rise. Therefore, the printing of money indirectly also determined by the things above, in order to avoid inflation.

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August 10, 2015, 03:22:13 AM
 #46

Isn't that what FRS had been doing during QEs? The newly printed money went directly to financial markets, them hitting new highs. Did it contribute to the devaluation of the US dollar? If it did, then why is the USD index soaring? I guess in today's perverted world with the currency wars raging, it is not so straightforward as it had been in the good old days...

It might have a lag effect. Which is why the US is so concerned about inflation and ended QE.
Interest rates are going to go up some time this year too. This is a pre-emptive measure to prevent high inflation.

And there might never be a lag effect. Those too-simple-that-even-an-idiot-can-understand economy theories in economy books are only a very small subset of the giant central bank game. Central banks can make things works like those books described, but they can also change it when they see fit

They can print several trillion dollars and pump up the stock market and assets price, at the same time they tighten the loan condition so that majority of business and consumers are not qualified for a loan, then you have it: Increased money supply and deflation

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August 10, 2015, 06:39:58 AM
 #47

Isn't that what FRS had been doing during QEs? The newly printed money went directly to financial markets, them hitting new highs. Did it contribute to the devaluation of the US dollar? If it did, then why is the USD index soaring? I guess in today's perverted world with the currency wars raging, it is not so straightforward as it had been in the good old days...

It might have a lag effect. Which is why the US is so concerned about inflation and ended QE.
Interest rates are going to go up some time this year too. This is a pre-emptive measure to prevent high inflation.

Or they might just know what they have been doing, that is how to pass between Scylla and Charybdis with no particular damage, to themselves. Personally, I don't think they are really going to raise interest rates in September (or any time soon, for that matter), though they are highly interested that people think so...

In any case, only time will tell

Damiantroll
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August 13, 2015, 04:21:08 PM
 #48

Doing that would devalue the US dollar to ridiculous levels. It would probably be worse than 3 Wiemar Republics and would turn the US into a super-nazi state.

not that there's anything wrong with that.

Isn't that what FRS had been doing during QEs? The newly printed money went directly to financial markets, them hitting new highs. Did it contribute to the devaluation of the US dollar? If it did, then why is the USD index soaring? I guess in today's perverted world with the currency wars raging, it is not so straightforward as it had been in the good old days...

The days of Weimar Republic

Well yes, the Federal Reserve does print money, but it's not nearly on the level that OP was talking about, I.E the federal debt. It works well enough now but if it was sent into overdrive to pay off our debts things would get out of hand really fast.

tonycamp
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August 13, 2015, 04:44:55 PM
 #49

well any currency into false will be bad like FAKEBTC

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Nizam ibrahim.P.N
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August 14, 2015, 12:29:05 PM
 #50

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

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August 14, 2015, 03:17:39 PM
 #51

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).
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August 15, 2015, 10:26:11 AM
 #52

Bitcoin is slowly making an impact on some people in my country, we have a local Facebook group with about 4,000 people in it. Our local Bitcoin market (surbitcoin.com) is one of the most important bitcoin markets in south america (by BTC volume). Lot's of people are investing or buying bitcoins with their savings so they don't get devaluated by inflation, (Inflation is about 150% from January to July) think about this for a second, our inflation rate went up by 150% in seven months...

*lol* 150 percent? Oo That actually is worse than bitcoin. I guess we have found a country where bitcoin can be seen as a safe investment. *lol*

If the inflation is really that high then bitcoin really is an alternative and it would be easy to convince people.

Though on the other hand, they could buy foreign currencies too and these would be even more stable than bitcoins.


Bitcoin's stability has a lot to do with supply and demand, the affects could be positive or negative depending on how the situations are. People who have already purchased bitcoin will see the price value of their invest multiply 30x40 times if a strong country chooses bitcoin as their national currency. But I don't think such a nation can afford to buy enough bitcoins for reserve value...

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.
omahapoker
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August 15, 2015, 10:28:59 AM
 #53

Bitcoin is slowly making an impact on some people in my country, we have a local Facebook group with about 4,000 people in it. Our local Bitcoin market (surbitcoin.com) is one of the most important bitcoin markets in south america (by BTC volume). Lot's of people are investing or buying bitcoins with their savings so they don't get devaluated by inflation, (Inflation is about 150% from January to July) think about this for a second, our inflation rate went up by 150% in seven months...

*lol* 150 percent? Oo That actually is worse than bitcoin. I guess we have found a country where bitcoin can be seen as a safe investment. *lol*

If the inflation is really that high then bitcoin really is an alternative and it would be easy to convince people.

Though on the other hand, they could buy foreign currencies too and these would be even more stable than bitcoins.

You may not be able to buy foreign currencies that easy. There can be prohibitive spreads, and fiddling with foreign currency may be frowned upon by the government. Not that Bitcoin would be much different in the latter aspect, but at least you have a chance...

A chance to escape the Big Brother going after you

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.
CyberKuro
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November 10, 2015, 01:18:11 PM
 #54

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

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November 10, 2015, 05:21:45 PM
 #55

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.
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November 25, 2015, 06:18:05 PM
 #56

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!

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November 26, 2015, 07:22:15 AM
 #57

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.

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November 26, 2015, 03:01:24 PM
 #58

A government can't print its own currency, a central bank prints currency.. The central bank only gives you that currency when you give something to back them, countries like US have printed the money through central bank and now the debt itself is so much, I don't know how things are planned to go down for US, but speaking hypothetically, in future what if US refuses to return the money and goes on war instead? People assume they stand capable, they have strong allies and enough resources.

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.

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November 26, 2015, 09:16:06 PM
 #59

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
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November 26, 2015, 10:02:29 PM
 #60

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