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Author Topic: Why not just print dollars?  (Read 29250 times)
SebastianJu
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November 27, 2015, 12:33:07 PM
 #61

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

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.
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November 27, 2015, 02:24:17 PM
 #62

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.

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November 27, 2015, 02:26:36 PM
 #63

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.

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.
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November 27, 2015, 02:34:54 PM
 #64

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)
ridery99
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November 27, 2015, 02:37:57 PM
 #65

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.

That's awesome
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November 27, 2015, 02:51:47 PM
 #66

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.

That's awesome

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

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November 27, 2015, 03:10:55 PM
 #67

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.

That's awesome

Weird that is awesome how? Did you read it right.
You can destroy de economy with printing alot of money.
yeah. I was wondering too. That will cause us many problems so why it would be awesome
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November 27, 2015, 03:35:34 PM
 #68

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.

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

Hashminers
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November 27, 2015, 03:46:50 PM
 #69

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.

That's awesome

Weird that is awesome how? Did you read it right.
You can destroy de economy with printing alot of money.
yeah. I was wondering too. That will cause us many problems so why it would be awesome

If the normal money the economie will be bad how about bitcoin?

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November 27, 2015, 03:50:30 PM
 #70

Mindless printing of a huge quantity of money leads to hyperinflation and loss of confidence in the currency. This measure may be justified to stimulate the economy for some time. But for a long time corrupts the financial sector.
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November 27, 2015, 05:50:45 PM
 #71

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)

well it's what they have done in all those years, they exceeded by a long shot the maximum limit to not cause huge inflation

but despite this it seems that this year the infaltion is negative, which is strange

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November 27, 2015, 06:06:48 PM
 #72

...

There's an argument, that I have seen explored a little at Zero Hedge, that printing money would be better than taxation.

This is an exotic argument that I have not had a chance nor even the ability (yet) to properly wrap my brain around with it.

A first thought:

Eliminating taxation, of course, would likely anger the poor (they pay low taxes, except various consumption taxes).  Envy and resentment would likely prevent this idea of eliminating taxation altogether.

*   *   *

I am already convinced that gold ought not be linked to currency (that is, no "Gold Standard").  A Gold Standard would function poorly IMO.  Gold's best and highest value use is as a Store of Value.

Gold <> Money in that sense.  Most define money as roughly filling three roles: Unit of Account, Medium of Exchange, and Store of Value.  But, we are perhaps soon at the point of monetary failure, the US$ will not (cannot) fulfill those three roles of "money".

Central banks cant manipulate any currency what is based on gold or even silver.Currency based on gold is stable
It is a reason why any currency is based on gold


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zodiac3011
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November 28, 2015, 03:25:53 PM
 #73

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)

well it's what they have done in all those years, they exceeded by a long shot the maximum limit to not cause huge inflation

but despite this it seems that this years the infaltion is negative, which is strange
well who knows... what magic have they used... money still got printed and the inflation rate drops Grin
bitcoin-hunter
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November 28, 2015, 04:53:19 PM
 #74

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)

well it's what they have done in all those years, they exceeded by a long shot the maximum limit to not cause huge inflation

but despite this it seems that this years the infaltion is negative, which is strange
well who knows... what magic have they used... money still got printed and the inflation rate drops Grin

Hahaha yeah well I don't live in the US so I don't care that much.

I just care that the future of Bitcoin will be good.
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November 28, 2015, 06:10:55 PM
 #75

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

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.

Of course it was obvious sarcasm. I think it wasn't obvious enough for this place.
Ironically a politician said similar thing like that when the subject was government expenses. He said we can print more money to pay our debt. I adore this ignorant confidence.
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November 28, 2015, 06:20:41 PM
 #76

If we print more money, prices will rise such that we’re no better off than we were before.
To see why, we’ll suppose this isn’t true, and that prices will not increase much when we drastically increase the money supply.
Consider the case of the United States.

SebastianJu
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November 28, 2015, 07:00:55 PM
 #77

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

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.

Of course it was obvious sarcasm. I think it wasn't obvious enough for this place.
Ironically a politician said similar thing like that when the subject was government expenses. He said we can print more money to pay our debt. I adore this ignorant confidence.

You never know when someone means your sentence serious on bitcointalks. Cheesy
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December 18, 2015, 04:34:45 PM
 #78

Because it is unlegal according to law. to make money you need to provide service or goods in exchange.
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December 18, 2015, 05:24:17 PM
 #79

because if the dollar printed and limit excess stock, the price of the dollar will go down or become useless  Grin


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December 18, 2015, 07:09:33 PM
 #80

It is one of the reason why lenders should just loan money, but ask for guarantees. Hard agreements that guarantee they will get their money back with the same value.

Since the debt is growing and growing, it will 100% be (party) paid by new printed dollars..

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