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Rostadom
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May 11, 2016, 06:24:48 AM |
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Most currencies were printed with the backing of gold. When it is printed without any backing it makes the currency value down.
Which goes back to the problem of fiat lol. The form of fiat is endless printing with no limitations.. but its problem itself is fiat. absolutely right, it will create a flat and make the value of the dollar to fall. I think the dollar also had more capacity is determined each year to maintain the balance of the price As long as the printing of the fiat is lower than the economy growth, it will stimulate growth. But it is not the case. |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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deisik
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May 11, 2016, 10:13:30 AM |
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Most currencies were printed with the backing of gold. When it is printed without any backing it makes the currency value down.
Which goes back to the problem of fiat lol. The form of fiat is endless printing with no limitations.. but its problem itself is fiat. absolutely right, it will create a flat and make the value of the dollar to fall. I think the dollar also had more capacity is determined each year to maintain the balance of the price As long as the printing of the fiat is lower than the economy growth, it will stimulate growth. But it is not the case. Quite the contrary. Supply of new money not matching the expansion of economy will lead to deflation. How can it stimulate further growth? It will actually hamper it |
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Doms
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May 11, 2016, 10:54:05 AM |
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Printing more money would erode the value, or even worse, make a currency worthless. Imagine having to spend a thousand dollars just for a can of Coke? There has to be a backing of some sort, like gold, for money to be printed. It is flawed, we know, but as long as it doesn't crash global economy, we would just repeat the process over and over again.
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InsideBjorn
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May 11, 2016, 11:05:16 AM |
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Lol just print dollars. You don't know what you're saying that's to illegal. There are allot of ways
to make allot of money but just printing them is not an option. There are people who're doing it but not many.
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Barbut
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May 11, 2016, 03:31:38 PM |
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Well its simple. Money, fiat is just a tool for system. Before when gold or silver was behind money it was ok. There needs to be money equal to goods, so if you have more of one then another its inflation or deflation. Well system make all this calculations in their economy books. You can read read there more better explanations if you wish. I dont like economy, this system wish us to be slaves. |
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SebastianJu
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May 11, 2016, 05:38:50 PM |
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Lol just print dollars. You don't know what you're saying that's to illegal. There are allot of ways
to make allot of money but just printing them is not an option. There are people who're doing it but not many.
It's not about printing money as a private person but printing dollars by the federal reserve. Which makes the dollars that existed before worth less... |
Please ALWAYS contact me through bitcointalk pm before sending someone coins.
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newcoins1978
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May 12, 2016, 03:18:20 PM |
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If it was that easy to print Dollars then everybody would do it. So lets not do like this is the easiest case in the world because making good fake Dollar billets is just not going to happen.
Yeah so many criminals tried it and really no one got away with, that is why nobody tries is even it is a waist of time and you will gain nothing from it. Just earn your money the right way, that feels allot better. |
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deisik
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May 13, 2016, 06:45:46 AM
Last edit: May 13, 2016, 06:58:10 AM by deisik |
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If it was that easy to print Dollars then everybody would do it. So lets not do like this is the easiest case in the world because making good fake Dollar billets is just not going to happen.
Yeah so many criminals tried it and really no one got away with, that is why nobody tries is even it is a waist of time and you will gain nothing from it How would you know about those who did actually get away with "printing" their own dollar bills? Do you also not know that the US dollar is just the second to the British pound which is most often counterfeited between major currencies? The Swiss frank is the most secure currency out there... Bombers returning home had no damage in the cockpit and engines. How come? Wtf, they just didn't make it back |
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avikz
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May 13, 2016, 03:39:42 PM |
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No economy can print money as per their wish. It has to be backed by some asset. For dollar, it is backed by gold. The more gold USA will have, the more dollar they can print. If they start printing dollars as per their own wish, the dollar will become the weakest currency of the world. So it can't be done. |
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Yakamoto
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May 13, 2016, 03:47:46 PM |
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No economy can print money as per their wish. It has to be backed by some asset. For dollar, it is backed by gold. The more gold USA will have, the more dollar they can print. If they start printing dollars as per their own wish, the dollar will become the weakest currency of the world. So it can't be done. That's actually not how it works anymore. The USD is not backed by anything except the faith that you'll be able to buy something with your dollars the next day. The Federal Reserve could print as much money as they wanted and not have to worry about it. You are right, though, they won't print another trillion dollars because it would seriously devalue the currency and leave the US in a worse economic state than it is in currently. |
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deisik
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May 13, 2016, 04:45:21 PM |
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No economy can print money as per their wish. It has to be backed by some asset. For dollar, it is backed by gold. The more gold USA will have, the more dollar they can print. If they start printing dollars as per their own wish, the dollar will become the weakest currency of the world. So it can't be done. That's actually not how it works anymore. The USD is not backed by anything except the faith that you'll be able to buy something with your dollars the next day You should also pay taxes with the USD (or with some other fiat, for that matter). If you pay half of your income back, this is a good support, whether you like it or not |
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katrimans
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May 13, 2016, 06:14:02 PM
Last edit: May 22, 2016, 02:34:01 AM by katrimans |
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print dollars will not solve the poverty.
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Adrorecia
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May 17, 2016, 09:09:29 AM |
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If it was that easy to print Dollars then everybody would do it. So lets not do like this is the easiest case in the world because making good fake Dollar billets is just not going to happen.
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sishendaoye
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May 17, 2016, 02:28:51 PM |
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If it was that easy to print Dollars then everybody would do it. So lets not do like this is the easiest case in the world because making good fake Dollar billets is just not going to happen.
Yeah so many criminals tried it and really no one got away with, that is why nobody tries is even it is a waist of time and you will gain nothing from it. Just earn your money the right way, that feels allot better. It is just not smart to do now a days unless you can come up with a new way of printing them in the exact way as the original. You are not going to get away with fake bills. |
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mrhelpful
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May 17, 2016, 06:34:53 PM |
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Well its simple. Money, fiat is just a tool for system. Before when gold or silver was behind money it was ok. There needs to be money equal to goods, so if you have more of one then another its inflation or deflation. Well system make all this calculations in their economy books. You can read read there more better explanations if you wish. I dont like economy, this system wish us to be slaves. This is right. I learn from economics that you can not just print and print money it will make your fiat a mickey mouse money because the supply is keep on inflating. Mickey mouse money is already recycled by the IRS. That tax dollar is served with the treasury which goes back to the reserved and becomes an endless cycle. This is fine, but its when banks dip in on a goverment level of private level of banking and they decide to buy out like a hedge fund is when its crazy. |
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zerocharisma
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May 18, 2016, 07:40:00 AM |
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If it was that easy to print Dollars then everybody would do it. So lets not do like this is the easiest case in the world because making good fake Dollar billets is just not going to happen.
Op is talking to the government not normal person. It's easy for us to say, but when you look and study what will happen if they do this it will make a big effect on the economy. If they just keep printing to pay it's debt. The value of dollars will go down. This is the main reason it should be controlled to prevent it from happening. It's called supply and demand. |
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aakashsangwan
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May 18, 2016, 08:08:33 AM |
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Unlimited printing of any currency just drowns it's value. Any country can print currency equivalent to the amount of gold it has in it's reserves. So limited printing keeps the value of currency stable. Cryptocurrency is totally different concept and should not be compared to Fiat.
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deisik
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May 18, 2016, 11:06:11 AM |
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Unlimited printing of any currency just drowns it's value. Any country can print currency equivalent to the amount of gold it has in it's reserves. So limited printing keeps the value of currency stable. Cryptocurrency is totally different concept and should not be compared to Fiat.
We are off gold standard (namely, gold exchange standard) since Bretton-Woods (1944) de facto, and since Nixon Shock (1971) de jure |
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funkenstein
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May 20, 2016, 12:40:41 PM |
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If it was that easy to print Dollars then everybody would do it. So lets not do like this is the easiest case in the world because making good fake Dollar billets is just not going to happen.
Yeah so many criminals tried it and really no one got away with, that is why nobody tries is even it is a waist of time and you will gain nothing from it. Just earn your money the right way, that feels allot better. It is just not smart to do now a days unless you can come up with a new way of printing them in the exact way as the original. You are not going to get away with fake bills. a blog post on counterfeiting might be of interest to you http://frass.woodcoin.org/do-the-problems-bitcoin-solves-have-economic-relevance/ |
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katrimans
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May 22, 2016, 02:34:12 AM |
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Well its simple. Money, fiat is just a tool for system. Before when gold or silver was behind money it was ok. There needs to be money equal to goods, so if you have more of one then another its inflation or deflation. Well system make all this calculations in their economy books. You can read read there more better explanations if you wish. I dont like economy, this system wish us to be slaves. This is right. I learn from economics that you can not just print and print money it will make your fiat a mickey mouse money because the supply is keep on inflating. |
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