Post
Topic
Board Bitcoin Discussion
Re: BTC less efficient than Visa
by
Birdy
on 13/08/2013, 22:23:56 UTC
If printing money was proportionately as costly as mining BTC, the presses would not stop 'til it costs more than a dollar to print a dollar.
Welcome to the problem of inflation.
It's not like you create value by printing a bill, so you will dillute other peoples value.

Miners also process transactions while "printing" the Bitcoin. Sure the new Bitcoin will also dilute the value of the others, but this is capped.