Bitcoin Forum
May 12, 2024, 05:57:51 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 27 28 29 30 31 32 33 34 »
  Print  
Author Topic: Why not just print dollars?  (Read 29989 times)
Haesoo
Full Member
***
Offline Offline

Activity: 154
Merit: 100


View Profile
July 15, 2017, 10:10:41 AM
 #381

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

Exactly brother. As long as they print more money than the usual the more the money gets less valuable. The supply of paper bills goes high while the demand will be less because of the supply. The logic here even though they can print more paper bills, they will not do that because it just gets less valuable.
1715536671
Hero Member
*
Offline Offline

Posts: 1715536671

View Profile Personal Message (Offline)

Ignore
1715536671
Reply with quote  #2

1715536671
Report to moderator
1715536671
Hero Member
*
Offline Offline

Posts: 1715536671

View Profile Personal Message (Offline)

Ignore
1715536671
Reply with quote  #2

1715536671
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715536671
Hero Member
*
Offline Offline

Posts: 1715536671

View Profile Personal Message (Offline)

Ignore
1715536671
Reply with quote  #2

1715536671
Report to moderator
Lampaster
Sr. Member
****
Offline Offline

Activity: 406
Merit: 255


View Profile
July 15, 2017, 10:17:31 AM
 #382

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

Exactly brother. As long as they print more money than the usual the more the money gets less valuable. The supply of paper bills goes high while the demand will be less because of the supply. The logic here even though they can print more paper bills, they will not do that because it just gets less valuable.
In fact, all is not so simple. In many countries inflation is much higher and the local population uses the dollars to save their funds. This restrains inflation in America and so the American government can afford to print dollars in huge quantities without fear of inflation.
jaysabi
Legendary
*
Offline Offline

Activity: 2044
Merit: 1115


★777Coin.com★ Fun BTC Casino!


View Profile
July 15, 2017, 02:41:34 PM
 #383

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

Exactly brother. As long as they print more money than the usual the more the money gets less valuable. The supply of paper bills goes high while the demand will be less because of the supply. The logic here even though they can print more paper bills, they will not do that because it just gets less valuable.
In fact, all is not so simple. In many countries inflation is much higher and the local population uses the dollars to save their funds. This restrains inflation in America and so the American government can afford to print dollars in huge quantities without fear of inflation.

Most of the money supply increases don't even come from the Federal Reserve but from fractional reserve banking. Banks take deposits and loan a fraction of it out, but the full amount is payable on demand to the depositor. There is now more money in the economy because of this, the physical currency exists that has been lent out, and the hypothetical currency the depositor can withdraw and counts as an asset. If the borrower uses his loan to increase the goods or services in the economy, the added growth pays back the loan and the money created in this system is warranted. If he defaults, that money disappears from the economy. When this happens on large scales, banks fail and we have a recession.

Przemax
Hero Member
*****
Offline Offline

Activity: 546
Merit: 500


View Profile
July 15, 2017, 07:51:26 PM
 #384

For me personaly there is no convincing reason not to just print the dollars instead of borrowing them from a third party.

There are some official reasons why such a sittuation might be beneficial.

1. Someone is taking responsibility - mainly banks.

2. They say there are some benefits in managing the interest rates.

3. Fear of the big government.

Better question is to print or not print imho.
arpon11
Sr. Member
****
Offline Offline

Activity: 882
Merit: 282



View Profile
July 15, 2017, 08:25:51 PM
 #385

Op in my kindly opinion the principle of Economic is against that. We should not see production of money like bitcoin that we can mining or others cryptocurrency but dollars is a regulatory currencies that only American government can issues and control and the government did not want to create inflation by allowed any body to produce their own.
lisa255
Sr. Member
****
Offline Offline

Activity: 259
Merit: 250



View Profile
July 15, 2017, 09:18:01 PM
 #386

Many countries simply do so. For example, so did the government of Venezuela. And now in this country is a very big problem. Money lost its value and inflation at a very high level. That's why money can not just be printed and does not provide anything

.
PLAY
            ▄██████████████▄
          ▄██▀▀██████████████▄
        ▄██▀    ▀██████████████▄
      ▄██▀        ▀██████████████▄
    ▄██▀   ██████▄  ▀██████████████▄
  ▄██▀          ██    ▀██████████████▄
 ███       ▄█████▀      ███████████████
  ▀██▄    ▐██         ▄██████████████▀
    ▀██▄  ▐██████▌  ▄██████████████▀
      ▀██▄        ▄██████████████▀
        ▀██▄    ▄██████████████▀
          ▀██▄▄██████████████▀
            ▀██████████████▀
.
LIVE
.
██████
███▀▀▀
███







███
███▄▄▄
██████
██████
▀▀▀███
███







███
▄▄▄███
██████
Mbokani
Sr. Member
****
Offline Offline

Activity: 291
Merit: 250


View Profile
July 15, 2017, 09:36:13 PM
 #387

Many countries simply do so. For example, so did the government of Venezuela. And now in this country is a very big problem. Money lost its value and inflation at a very high level. That's why money can not just be printed and does not provide anything
It is a really pathetic situation and so is the case with some African countries too,if you have bad economic decisions the country will suffer without a doubt ,those stupid government thought they could counter the market situations by pumping more currencies and that spiraled the entire economic situation and messed the entire situation.
choppork
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
July 16, 2017, 05:59:34 AM
 #388

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.

All this comes down to the idea of instant gratification. Instead of solving the problem by making the economy of the country grow, they just print more money and don't even consider how will that affect the common people. People think that things has become more expensive but in reality, it's just their currency inflating. The jobs pay the same amount but the value of that same money has already declined.

I wouldn't really think about it that much. Most leaders aren't team players. The country needs to pay something? They signal on printing more money. They don't do long term solutions because they are just there so they can do corruption. A lot of presidents were elected for business. They invest money on advertisements during the campaign and then they get more money in return when by corrupting the whole country when they win. Maybe this doesn't happen on US but in most countries especially third world ones. It's also the reason why some countries, despite of having abundant resources, don't get rich.

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░███░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░██░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░███░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░█████░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
Ctn
Sr. Member
****
Offline Offline

Activity: 644
Merit: 259


View Profile
July 16, 2017, 09:55:20 AM
 #389


Because printing first will make the dollar loose its value in the market. When something is available in unlimited form then it doesn't have value. It looses it. Just take example of solar energy, its unlimited but they don't use it on large scale. Same way bitcoin is limited and hence people will rush for it, will put more money into it to get it and ultimately increase the value for same.


pitham1
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000


View Profile
July 16, 2017, 10:07:36 AM
 #390

Many countries simply do so. For example, so did the government of Venezuela. And now in this country is a very big problem. Money lost its value and inflation at a very high level. That's why money can not just be printed and does not provide anything

All countries do this. Printing money results in inflation; printing more money results in more inflation. In the end, the government has to decide what is an acceptable inflation target.

ilovefeetsmell
Hero Member
*****
Offline Offline

Activity: 686
Merit: 510



View Profile
July 16, 2017, 11:20:28 AM
 #391

If you keep printing dollars, the currency will become valueless. The Spanish have done the same thing before and that is what happened.
I think it out before, why they did not print a lot of money to avoid shortage and debt into other countries. In the Philippines every Filipino born, they will have debt in big bank company worth P300,000 or $6000, I don't know if it is true. Printing money was a good idea but the money will low value because people can make their money and the ecosystem will imbalance. All people can afford everything in this world, may be it will also be the reason to make bad things to others. Money is very powerful so that's why many people praise.













██████████████████████████████████████████████████
█████████████████████▀▀      ▀▀▀██████████████████
█████████▀▀▀     ▀▀▀    ▄▄▄▄  ▄██▀▀     ▀▀████████
███████▀    ▄▄▄▄▄    ▄████████▀    ▄▄▄▄▄   ▀▀█████
██████   ▄█████████▄████████▀  ▄▄█████████▄   ████
█████   ▄█████████████████▀  ▄██████████████▄▄▄███
██            ██████████▀  ▄██████████████████████
█████   ▀█████████████▀  ▄██████████████████▀▀▀███
██████   ▀█████████▀▀  ▄████████▀█████████▀   ████
███████▄    ▀▀▀▀▀    ▄████████▀    ▀▀▀▀▀   ▄▄█████
█████████▄▄▄     ▄▄██▀  ▀▀▀▀   ▄▄▄      ▄▄████████
████████████████████▄▄▄     ▄▄████████████████████
██████████████████████████████████████████████████
.
.Ethernity CLOUD.












.
...DECENTRALIZED CONFIDENTIAL COMPUTING...PUBLIC SALE Q3 2021.....REGISTER HERE..
Love!
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
July 16, 2017, 11:39:24 AM
 #392

You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!

The specific material needed for crypto is a computer. Let's not forget that.

Just like a tree is ultimately needed to print paper money, the materials needed to make computers are needed to mine crypto.
pisston
Sr. Member
****
Offline Offline

Activity: 630
Merit: 250



View Profile
July 16, 2017, 01:34:49 PM
 #393

You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!

The specific material needed for crypto is a computer. Let's not forget that.

Just like a tree is ultimately needed to print paper money, the materials needed to make computers are needed to mine crypto.
The guys we're talking about already no area. The fact is that printing state banknotes personally, this is a huge crime and in some countries even life imprisonment is foreseen for this. So it seems to me that it's Empty talk, If you do not want to risk your life.
choppork
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
July 16, 2017, 01:41:08 PM
 #394


Because printing first will make the dollar loose its value in the market. When something is available in unlimited form then it doesn't have value. It looses it. Just take example of solar energy, its unlimited but they don't use it on large scale. Same way bitcoin is limited and hence people will rush for it, will put more money into it to get it and ultimately increase the value for same.

Solar energy should really not be your example. First of all, solar energy is available for all and pretty much the whole world gets solar energy. The time when solar energy gets value is when it's processed into becoming electricity. Electricity is very valuable. So, if anyone has enough money to buy large solar panels, he can use solar energy and even sell the energy to other people. Solar energy surely has value because you can use it as electricity. It's just that, people don't have the equipment to accumulate electricity from solar energy.

tl;dr: Solar energy doesn't have value yet because you can't use it. With equipment, you can use it and that's the time it will have value.

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░███░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░██░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░
░░░░░░░░░░░██░░░░░░░░░░░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░██░░░░░░░░░░░░███░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░███░░░░░░█████░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░██████░░░░██░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
Bezobraznike
Sr. Member
****
Offline Offline

Activity: 1274
Merit: 261


★Bitvest.io★ Play Plinko or Invest!


View Profile
July 16, 2017, 01:55:56 PM
 #395

You can't print paper money without the specific material to do it... Cryptocurrency is a whole new revolution!

The specific material needed for crypto is a computer. Let's not forget that.

Just like a tree is ultimately needed to print paper money, the materials needed to make computers are needed to mine crypto.
The guys we're talking about already no area. The fact is that printing state banknotes personally, this is a huge crime and in some countries even life imprisonment is foreseen for this. So it seems to me that it's Empty talk, If you do not want to risk your life.

   You misunderstood the point of this thread. Its not about materials, technology, its about who is in control. Why not just print dollars is sarcastic question, why not to print dollars and give it to all the people
 and everyone can be rich, right? Centralized currency like it is dollar keeps all of us in slavery, with ever rising inflation its doomed to fail one day, or better to say explode. In history you can find many
examples in history about it. Bitcoin will have 21 million coins and that is all with that we can have fear from deflation, but again bitcoin can be separated on smaller units and that is advantage that bitcoin have
over classic fiat currencies. Centralized and decentralized can roughly be described as who can change the rules and how, and here you need to be aware that something that is centralized is can be manipulated
more easily when something is widely spread.



BIG WINNER!
[15.00000000 BTC]


▄████████████████████▄
██████████████████████
██████████▀▀██████████
█████████░░░░█████████
██████████▄▄██████████
███████▀▀████▀▀███████
██████░░░░██░░░░██████
███████▄▄████▄▄███████
████▀▀████▀▀████▀▀████
███░░░░██░░░░██░░░░███
████▄▄████▄▄████▄▄████
██████████████████████
▀████████████████████▀
▄████████████████████▄
██████████████████████
█████▀▀█▀▀▀▀▀▀██▀▀████
█████░░░░░░░░░░░░░▄███
█████░░░░░░░░░░░░▄████
█████░░▄███▄░░░░██████
█████▄▄███▀░░░░▄██████
█████████░░░░░░███████
████████░░░░░░░███████
███████░░░░░░░░███████
███████▄▄▄▄▄▄▄▄███████
██████████████████████
▀████████████████████▀
▄████████████████████▄
███████████████▀▀▀▀▀▀▀
███████████▀▀▄▄█░░░░░█
█████████▀░░█████░░░░█
███████▀░░░░░████▀░░░▀
██████░░░░░░░░▀▄▄█████
█████░▄░░░░░▄██████▀▀█
████░████▄░███████░░░░
███░█████░█████████░░█
███░░░▀█░██████████░░█
███░░░░░░████▀▀██▀░░░░
███░░░░░░███░░░░░░░░░░
▀██░▄▄▄▄░████▄▄██▄░░░░
▄████████████▀▀▀▀▀▀▀██▄
█████████████░█▀▀▀█░███
██████████▀▀░█▀░░░▀█░▀▀
███████▀░▄▄█░█░░░░░█░█▄
████▀░▄▄████░▀█░░░█▀░██
███░▄████▀▀░▄░▀█░█▀░▄░▀
█▀░███▀▀▀░░███░▀█▀░███░
▀░███▀░░░░░████▄░▄████░
░███▀░░░░░░░█████████░░
░███░░░░░░░░░███████░░░
███▀░██░░░░░░▀░▄▄▄░▀░░░
███░██████▄▄░▄█████▄░▄▄
▀██░████████░███████░█▀
▄████████████████████▄
████████▀▀░░░▀▀███████
███▀▀░░░░░▄▄▄░░░░▀▀▀██
██░▀▀▄▄░░░▀▀▀░░░▄▄▀▀██
██░▄▄░░▀▀▄▄░▄▄▀▀░░░░██
██░▀▀░░░░░░█░░░░░██░██
██░░░▄▄░░░░█░██░░░░░██
██░░░▀▀░░░░█░░░░░░░░██
██░░░░░▄▄░░█░░░░░██░██
██▄░░░░▀▀░░█░██░░░░░██
█████▄▄░░░░█░░░░▄▄████
█████████▄▄█▄▄████████
▀████████████████████▀




Rainbot
Daily Quests
Faucet
qwertyup23
Hero Member
*****
Offline Offline

Activity: 2240
Merit: 787



View Profile
July 16, 2017, 02:48:53 PM
 #396

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?

For your information, if you print dollars that will result to extreme inflation thus, making the value of money lower compared before. Even if it may seem a good idea, this is will eventually destroy the economy of one's country. Take a look at Zimbabwe, they have extreme inflation and the value of their paper money is around "one hundred trillion dollars" (check it on the internet) but in reality, it's just less than a dollar. Always remember the law on demand and supply because this is perfectly relevant to your question.

R


▀▀▀▀▀▀▀██████▄▄
████████████████
▀▀▀▀█████▀▀▀█████
████████▌███▐████
▄▄▄▄█████▄▄▄█████
████████████████
▄▄▄▄▄▄▄██████▀▀
LLBIT
  CRYPTO   
FUTURES
 1,000x 
LEVERAGE
COMPETITIVE
    FEES    
 INSTANT 
EXECUTION
.
   TRADE NOW   
Vikingr
Hero Member
*****
Offline Offline

Activity: 798
Merit: 500


View Profile
July 16, 2017, 10:10:46 PM
 #397

Many countries simply do so. For example, so did the government of Venezuela. And now in this country is a very big problem. Money lost its value and inflation at a very high level. That's why money can not just be printed and does not provide anything

All countries do this. Printing money results in inflation; printing more money results in more inflation. In the end, the government has to decide what is an acceptable inflation target.
Government do not decide what is an acceptable inflation target is. It is all decided by federal bank. Federal Reserve banks decide to inflation range. So as you talking about print money result. Print money is the result of inflation as more money prints then the result of assets price goes up. So that's why printing too much money causes inflation.
kelceyott
Full Member
***
Offline Offline

Activity: 192
Merit: 100



View Profile
July 17, 2017, 06:38:55 AM
 #398

https://www.youtube.com/watch?v=wpW_KMHlAmo

Why borrow dollars and then pay back by printing them?

Why take the long way around?
Each country has its own monetary unit and its value varies. Not always print dollars. It is great if bitcoin can convert paper money and passively make them easier. Services that accept bitcoin payments will be convenient.

Bagaji
Sr. Member
****
Offline Offline

Activity: 1330
Merit: 291


View Profile WWW
July 17, 2017, 07:36:04 AM
 #399

I believe there is no economic Sence in printing dollars or any other currency because the government or an institutions need money. The implications of such action is that there will be a high inflation in that economy which will course economic hardship on the citizens of such country.
mrayazgul
Hero Member
*****
Offline Offline

Activity: 560
Merit: 500


View Profile
July 17, 2017, 09:51:37 AM
 #400

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

Exactly brother. As long as they print more money than the usual the more the money gets less valuable. The supply of paper bills goes high while the demand will be less because of the supply. The logic here even though they can print more paper bills, they will not do that because it just gets less valuable.

Printing more money makes more trouble as it is creates inflation and prices increase much of commodities. Also New Printing notes goes mainly in the hands of the rich making life more difficult for the poor. Thats why good govt. keeps gold reverses while print notes to keep a balance.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 [20] 21 22 23 24 25 26 27 28 29 30 31 32 33 34 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!