The cost of printing fiat money to BTC generation.

[Alisha-k]

They era of paper money is gradually fading away but comparing the cost of production of paper printing and Bitcoin mining, the cost of mining bitcoin is more expensive since it's computational power and power consumption is more because each peer in the network share information using a decentralized protocol this also poses carbon emission on the environment.

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[BlackHatCoiner]

That may be the reason why the buying power of fiat, say PHP(Philippine Peso) as my local currency.

Philippines don't run a federal reserve system, though.

But it also creates job opportunities etc.,

And in the past, there were human computers who worked at NASA and other organizations, and were responsible for making difficult calculations, until something more efficient, cheap and effective was invented. Which reminds me of something.  

Do you have like a reference to see how much good it does compared to how much damage it makes?

I suggest you to read: https://bitcointalk.org/index.php?topic=5394325.0

[jamyr]

Philippines don't run a federal reserve system, though.

We don't have a federal reserve but we have a Central Bank. If I remember correctly how it works, we get the value of our currency based of the capacity of our country to produce goods and services. . . and that's all I can remember. xD
May have to do a bit of a research on Economics 101.

I suggest you to read: https://bitcointalk.org/index.php?topic=5394325.0

I did, well not the whole thread because some of the topics and arguments they present is not for my current level.

....
.... Most people have got a false idea of what's Bitcoin, because the media have misinformed them so. They can't understand the benefits they can gain if they do this collectively. Most don't even know how money works.

I definitely need a refresher on Economics.

[GeorgeJohn]

We all know it takes a lot of resources such as  money, time, efforts etc to print new paper notes (Fiat money), and I strongly believe same applies to generating BTC too.
But just to clear the air, between the very two which really takes a lot of resources to generate?

Let's say for example, one Bitcoin equals to $14,000. With the equalization in value of one Bitcoin to $14,000 does it means both could consume same amount of resources since they amount to same value?

we to break your question down, it's obviously known that bitcoin is different from fiat currency in line of generation or generating precisely. Fiat currency it's a currency which is centered as centralized currency and it's officially been print according to a specified country demands via printing. While cryptocurrency and especially bitcoin, it's a decentralized currency which is been generated through mining with a powerful gadgets that consume electricity. I think you misunderstood the aspect of generating Bitcoin and fiat currency. With people insight, hopefully you will pick a cogent points.

[The Cryptovator]

Fiat & cryptocurrency is a conflict with each other, both have different functions. Fiat resources don't matter since it's centralized and mandatory for lives. But cryptocurrency isn't mandatory for lives and no centralized organization backs it. Fiat needs to print without limits and Bitcoin need to mine with limits. Fiat needs a lot of resources and procedures whereas Bitcoin needs only power to mine it.

[Myleschetty]

Fiat & cryptocurrency is a conflict with each other, both have different functions. Fiat resources don't matter since it's centralized and mandatory for lives. But cryptocurrency isn't mandatory for lives and no centralized organization backs it. Fiat needs to print without limits and Bitcoin need to mine with limits. Fiat needs a lot of resources and procedures whereas Bitcoin needs only power to mine it.

There's no doubt that fiat money requires a lot of resources and yearly printmaking and printing of new notes but I don't see a reason why fiat and cryptocurrency are in conflict with each other as you said, isn't this what the Feds believe?
According to what I once read, Bitcoin was created as alternative means for people's liberty and the mentality of the FEDs is that crypto is in conflict with fiat currency and we also make fiat to be obsolete.