Poll: What will the USD/BTC exchange rate do as the dollar collapses?

[KenJackson]

Finally, what is the difference between printing money and printing (mining) Bitcoin?

If you're honestly equating mining bitcoin to printing fiat currency then you haven't been paying attention to what bitcoin is.

How can printing* Bitcoin  "create wealth"?

It doesn't.  But it's modeled after mining gold, not printing fiat currency.

Producing gold from a mine doesn't create wealth any more than printing money does.  But the difference is huge.  You can't mine gold by fiat.  A country can arbitrarily decide to print any amount of currency, but it's impossible to produce more gold than mines can produce.  Mines require investment and years of effort and there's no guarantee they'll break even.

Mining bitcoin bears a much greater similarity to mining gold than to printing fiat currency.

[NotLambchop]

*14% of all bitcoins in existence were "mined" this year.

How else do you propose we distribute a new form of monetary commodity you genius

The statement you quoted was a reply to "has any country become prosperous by printing money."  I pointed out that Bitcoin has been doing nothing but printing money.
While countries back their printed money with their economies and missile-totin' jackbooted thugs, Bitcoin doesn't even have that.
In other words:

1. print money
2. hope some fools will use it
3. ? ? ?
4. PROFIT!

Hope this helps

[NotLambchop]

Finally, what is the difference between printing money and printing (mining) Bitcoin?

If you're honestly equating mining bitcoin to printing fiat currency then you haven't been paying attention to what bitcoin is.

My new friend, I'd like to take this moment to welcome you to the forum.  I know exactly what Bitcoin is, and made some money with it while you were watching Youtube vids made by an assortment lunatics & scammers.

If printing money doesn't create wealth, then burning fuckloads of electricity to print money BTC sure doesn't either.

How can printing* Bitcoin  "create wealth"?

It doesn't.  But it's modeled after mining gold, not printing fiat currency...

My new friend, everything that's based on artificial scarcity is "modeled after gold."  Like BTCeanie BTCabies.

Seriously, spend some time studying--or at least play some vidya--instead of typing in the interwebs.

[KenJackson]

My new friend, I'd like to take this moment to welcome you to the forum.  I know exactly what Bitcoin is, and made some money with it while you were watching Youtube vids made by an assortment lunatics & scammers.

My arrogant friend, had you noticed I joined this forum almost three years before you (if that matters)?

But if you made money with bitcoin, congratulations.  That's something I can't say.  I'm still kind of on the sidelines eying this fascinating device and wondering what the future holds for it.

[NotLambchop]

...
My arrogant friend, had you noticed I joined this forum almost three years before you (if that matters)?
...

This is not my first, or only, account.
If you've actually been around here for three years & didn't just buy that account, your naivete borders on painful--this is Bitcoin, where nothing is as it seems.

But hey, probably lucky you hung with Bitcoin for three years without buying in.  Judging by your posts, odds are youd'a "invested" your coin into some "Bitcoin security" or left it on an exchange.
Congrats on preserving your wealth in fiat.