Quote from: BlackHatCoiner on Today at 03:20:57 PM

Quote from: LoyceV on Today at 12:25:18 PM

Do you know what's the beauty of fiat money printing? Value doesn't come from a printer (unless you're selling books), so no matter how much they print, the total value can't go up!

And do you know what's the tricky part of fiat money? That what you said is an illusion in the short term.

I forgot to add "" around "beauty".

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Yes, in the long term you can't “print” value as the new money will enter the circulation and prices will rise due to supply & demand, but until they enter the market (which is the short term), they are regular, non-changed-in-value money. So, if they printed/added another billion dollars in their bank balance, they could accumulate more BTC which would obviously rise the price.

Money printing is basically transfering purchasing power from anyone to the guy controlling the printer. Why would anyone work for $8 per hour if someone else can just create ten billion times that amount by pressing a button?