Why not just print dollars?

[Xenophoto]

Bitcoin can't be printed when more is needed.

Because bitcoin is mined. If more is needed, then you mine it.

But bitcoin has no real value, but nevertheless there is market.

Just like fiat money. It's basically just paper. Nevertheless, it has a market and people give it value.

There is no tangible thing that supports the value of bitcoin, that can prove there is value to it.

And so is fiat money. It's not backed by gold anymore. You legit can't prove that there's value to it to. Yet, here we are.

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.

Same goes for fiat. The only real value of fiat is that if you give it to someone in exchange of an item, he wouldn't claim that you "stole" the item but you "bought" it. But basically you just handed a valueless paper.

But may be we ll have any crypto coins in future which would be proofed by something else. Probably existing of such coin would have good future!

I guess? A cryptocurrency that is backed by something real and can be exchanged right away. There's not one up to now, why do you think so? I think it's because it's hard to implement.

[lol3c]

I don't think we need to worry about print what they do now is to create a digital fiat in their system, I believe most countries secretly do this but it is not know to the pubic.

You are talking nonsense things. The government can not always print the money because they scare about the inflation. If the percentage of inflation is too high, the nation's ecosystem will collapse. And I do not believe that there are many country which are developing the digital Fiat system since the government do not like digital currency

[MioTaiHeo]

The technology of money production always works to outstrip the work of a counterfeiter.
In order to reproduce modern money you need very complex and expensive equipment. Between the layers of paper you need to thread a metal thread. Printing is carried out on presses of high pressure. Even if you have a sponsor who has enough money to buy such equipment, the manufacturer will most likely not sell it if you do not have a license to produce securities.

[deisik]

The technology of money production always works to outstrip the work of a counterfeiter
In order to reproduce modern money you need very complex and expensive equipment. Between the layers of paper you need to thread a metal thread. Printing is carried out on presses of high pressure. Even if you have a sponsor who has enough money to buy such equipment, the manufacturer will most likely not sell it if you do not have a license to produce securities

Unless this counterfeiter is the government themselves

There were numerous incidents in the past when one government had been counterfeiting the money of another government. Obviously, in the latter case you could well expect the quality of the counterfeit bills to be quite on par with the genuine bills. There were rumors circulating in the 90s that the CIA had been deliberately counterfeiting the US dollars to finance terrorists in the Caucasus during Chechen wars. Quite naturally, they didn't want these dollars back in the US and (allegedly) made a few changes in these dollars to distinguish them from the real ones 

[Zisove28]

I don't think we need to worry about print what they do now is to create a digital fiat in their system, I believe most countries secretly do this but it is not know to the pubic.

You are talking nonsense things. The government can not always print the money because they scare about the inflation. If the percentage of inflation is too high, the nation's ecosystem will collapse. And I do not believe that there are many country which are developing the digital Fiat system since the government do not like digital currency

You are right, I have heard only about two countries where they are trying to develop their national crypto currency. And I'm sure that the government does this only in order to reduce the interest of users in bitcoin.

[PowerWalletDotCom]

If it were possible to print money so simply, the work would not make any sense and would bring less pleasure. would be chaos in the world began.

[Shiroslullaby]

There were numerous incidents in the past when one government had been counterfeiting the money of another government.

There were many rumors about foreign governments counterfeiting US $100 bills in the late 2000s (supposedly China and some others)
which lead up to the re-design of the bill in 2009/ 2010.
Even if it costs $50 to print a high-quality fake, you are still essentially doubling your money.

[Hydrogen]

"Printing money, excessively" is like young teen boys exaggerating the size of their dicks?

They might get away with it initially. Eventually, reality has a way of catching up?

Economic stats like unemployment and economic growth always remind me of kids exaggerating how big it is.

[darkangel11]

The technology of money production always works to outstrip the work of a counterfeiter
In order to reproduce modern money you need very complex and expensive equipment. Between the layers of paper you need to thread a metal thread. Printing is carried out on presses of high pressure. Even if you have a sponsor who has enough money to buy such equipment, the manufacturer will most likely not sell it if you do not have a license to produce securities

Unless this counterfeiter is the government themselves

There were numerous incidents in the past when one government had been counterfeiting the money of another government. Obviously, in the latter case you could well expect the quality of the counterfeit bills to be quite on par with the genuine bills. There were rumors circulating in the 90s that the CIA had been deliberately counterfeiting the US dollars to finance terrorists in the Caucasus during Chechen wars. Quite naturally, they didn't want these dollars back in the US and (allegedly) made a few changes in these dollars to distinguish them from the real ones 

There were also cases of private individuals making counterfeited bills so good that you needed special equipment to know which ones were real. They used stolen paper, the same that was used to print the real bills and had machines able to microprint and stamp the bills, so that all the UV and watermarks were in place. The most well known is probably Frank Bourassa. http://www.gq.com/long-form/the-great-paper-caper

[SvenBomvolen]

I don't think we need to worry about print what they do now is to create a digital fiat in their system, I believe most countries secretly do this but it is not know to the pubic.

I do not think that many countries secretly printing money. After all, it is primarily hurting their economies. They can not do what lowers economic growth

That's right. Everybody knows that if to print money nonstop it will worth nothing in the sooner end. The world history have many examples of such strategy. I think that is that ponit which bitcoin could skip. It's limited by 21 milions and I am against of any rising, cause of it may distroy bitcoin as we know it now.

[deisik]

"Printing money, excessively" is like young teen boys exaggerating the size of their dicks?

They might get away with it initially. Eventually, reality has a way of catching up?

Economic stats like unemployment and economic growth always remind me of kids exaggerating how big it is.

A little bit of exaggeration hasn't yet hurt anyone

And this is the case with inflation too. The truth is the highest rates of unemployment are observed when inflation is very low or even negative. The latter would be deflation, and this case is most dangerous for the economy since producers are disincentivized and discouraged from producing and thus have to lay off people. On the other hand, there is an inverse dependence between inflation and unemployment rates, so government may start printing more money (up to a certain limit, of course) if they want to decrease the unemployment rates in the economy

[darthmaul]

Maybe that is just the way rules and regulations works. Ha ha. I'm real world it would be chaos to accept things like bitcoin as handy as chocolate from shopkeeper. You can have as much as you want and whenever you want by paying for it. It costs money for dollars to print and it cost zero money for bitcoins as it is virtual. The maintenance is almost nothing for its value today. Maybe bitcoin is not that easy I'm real world yet. Everybody will have their bank and if it happens then what to regulate and how to regulate the market.

[NavySeals]

Oh my god, what a question. It's like why don't we print bitcoins...

If the governments or central banks of the countries starts to print dollars, they face an incredible inflation in prices of gods. This probably would trigger an economic crysis.

[Lieldoryn]

The technology of money production always works to outstrip the work of a counterfeiter
In order to reproduce modern money you need very complex and expensive equipment. Between the layers of paper you need to thread a metal thread. Printing is carried out on presses of high pressure. Even if you have a sponsor who has enough money to buy such equipment, the manufacturer will most likely not sell it if you do not have a license to produce securities

Unless this counterfeiter is the government themselves

There were numerous incidents in the past when one government had been counterfeiting the money of another government. Obviously, in the latter case you could well expect the quality of the counterfeit bills to be quite on par with the genuine bills. There were rumors circulating in the 90s that the CIA had been deliberately counterfeiting the US dollars to finance terrorists in the Caucasus during Chechen wars. Quite naturally, they didn't want these dollars back in the US and (allegedly) made a few changes in these dollars to distinguish them from the real ones 

All the dollars that go to external borrowing have special labels. They never go to the cash circulation in America. As soon as they enter the banks they are removed and then give as loans again. This helps to avoid inflation in America and increase inflation outside the United States. Compare how much it costs e.g. Japanese car in America and how much is the same car in your country.

[Wintersoldier]

I will just state my observations in short: Printing too much paper drives a country into inflation. Inflation can ruin the country and destroy its economy. Bitcoin has no real value, but it can be perceived that bitcoin will always be equal to another bitcoin and not to 1200$/1million$, nobody can really determine its perfect value at a perfect time, because there is a difference between price and value.

You are actually right. Bitcoin is like paper money or fiat, its value always follow the principle of law of price and demand. Of the stability of stock will increased and people will print more money inflation will happened supposing the users and the stocks will unevenly not equal to each other. And total dump of price will happen because the price or the value of bitcoin will decreased due to greater stock than on the demand of the people who supports it. But if the stock will increased as the demand increased the value will sure increased for bitcoin.

[deisik]

The technology of money production always works to outstrip the work of a counterfeiter
In order to reproduce modern money you need very complex and expensive equipment. Between the layers of paper you need to thread a metal thread. Printing is carried out on presses of high pressure. Even if you have a sponsor who has enough money to buy such equipment, the manufacturer will most likely not sell it if you do not have a license to produce securities

Unless this counterfeiter is the government themselves

There were numerous incidents in the past when one government had been counterfeiting the money of another government. Obviously, in the latter case you could well expect the quality of the counterfeit bills to be quite on par with the genuine bills. There were rumors circulating in the 90s that the CIA had been deliberately counterfeiting the US dollars to finance terrorists in the Caucasus during Chechen wars. Quite naturally, they didn't want these dollars back in the US and (allegedly) made a few changes in these dollars to distinguish them from the real ones 

All the dollars that go to external borrowing have special labels. They never go to the cash circulation in America. As soon as they enter the banks they are removed and then give as loans again. This helps to avoid inflation in America and increase inflation outside the United States. Compare how much it costs e.g. Japanese car in America and how much is the same car in your country

It seems like bordering on a conspiracy theory

What dollars do you refer to exactly? There are no physical dollars involved in borrowing as well as loaning. All such debts are purely digital, so it is not clear what "special labels" you are talking about. Further, it is not clear either what you mean by the whole process of "external borrowing". Foreign investors (since you mention the word external) buy the US government bonds, not dollars, and this process doesn't involve physical dollars, anyway

[freebutcaged]

Why governments exist? who created them? us the people by electing presidents, but since money and power corrupts people they started to part ways and establish their own empires and ignoring our interests.
We trusted them with national resources such as gold and everything valuable to take them and present us with something more lighter and easy to hold and transfer(paper money) and to some extent they delivered as promised but some where along the way they went rogue and took control of military and made everything exclusive for themselves, they started to do whatever they wanted, they wagered wars killed thousands and dealt with criminals and international gangsters to further their agenda, some of them even deployed the most destructive measures(weapons) to hold and even expand their territories.

They have decided to put their own families and friends first and everyone with power and influence will try to fill their own pockets first and as their family and friends come to posses power and have influence they will try the same and that circle never actually ends.

Here what Bitcoin has done is to bypass governments all together and by using and mining and supporting it we are in fact printing our own money and saying to them enough is enough.

[Hydrogen]

Litecoin having a cap of 84 million coins is the reason its priced lower than dash with its 21 million coin cap.

Fundamental principles of supply & demand dictate the value of something declines when supply increases.

If this is true, its impossible for a nation to "print" its way out of deficit or debt as its currency will devalue off supply increasing.

[Tyrantt]

What has the bigger value? Something that's common everywhere or something rare found in a very few places? I think you see where I'm going with this. Also, that's how inflation works, you just print out money and it becomes worthless.

[Yakamoto]

Litecoin having a cap of 84 million coins is the reason its priced lower than dash with its 21 million coin cap.

Fundamental principles of supply & demand dictate the value of something declines when supply increases.

If this is true, its impossible for a nation to "print" its way out of deficit or debt as its currency will devalue off supply increasing.

Actually, that's not true.

When a debt is issued, it is issued for that amount of money and it cannot really be modified, unless stated, aside from interest accumulating. As such, if you have the ability to print your own money and take out a loan, and you take out a $10 loan in "funnymoney" but you lose those $10, you can print $10 and pay it back, but there are $20 of "funnymoney" in circulation. They just lose a lot of their value. The debt can't change itself to match the exchange rate and you can print yourself out of debt, it just really damages your economy if you have to do that.