If this would be true, I don't think it's intended to be competition for the printer. It's intended to replace the printer.
If you're printing you know what it's doing and you know that only works for so long. Eventually you know that you can't print anymore because the currency is worthless. That'd be where the government intended for Bitcoin to step in to replace the old failing system.
If BTC was a government project then they'll likely be the holders of satoshis coins. Be a great replacement for their soft money while they have a large reserve in the new system.
