Alternative currency ( paper money )

NewRanger

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Quote from: Menawi12 on December 16, 2018, 08:35:45 PM

Quote from: freeman1177 on October 10, 2018, 06:54:37 AM

If there was an alternative currency (paper money) unregulated by the Government would you use it?

If that alternative currency is paper money and not regulated by government, i will not use it. I am prefer using government currency because its more acceptable in many merchant and we can use for transaction more easily.

that illegal money and we would not use it in any transaction.no one would use it because no protection from our government.maybe we called it black market currency.

Menawi12

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Quote from: freeman1177 on October 10, 2018, 06:54:37 AM

If there was an alternative currency (paper money) unregulated by the Government would you use it?

If that alternative currency is paper money and not regulated by government, i will not use it. I am prefer using government currency because its more acceptable in many merchant and we can use for transaction more easily.

KorakPawon

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Quote from: freeman1177 on October 10, 2018, 06:54:37 AM

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Of course not. Why should I? Legal currency that is regulated by government already there, bitcoin comes as the alternative in different from that is digital. It means bitcoin is as valued as fiat (even though it hasn't been accepted widely), but bitcoin has value just like fiat. If there's paper money unregulated, it is not legal then, that automatically has no value.

yusupjatigumilar

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I will not use it because what I know is that a currency is a legitimate transaction tool issued and regulated by the government if there is a currency that is not regulated by the government so it cannot be said as currency but it is only a medium of exchange, and I will not use it because it was worried that it would be problematic with some parties because the value of the transaction was not regulated by the government

wahyu wida

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Quote from: noormcs5 on December 15, 2018, 10:36:20 AM

Quote from: Seeker#9 on November 12, 2018, 05:20:49 AM

I think there is no such thing as alternative and unregulated paper money and only virtual currencies can be unregulated or decentralized. Any paper money or fiat that not issued by the government would be illegal and government will not even create any alternative money that beyond their control. In the older times, they used gold, silvers, porcelain and other goods in the barter trades because they have values even without government approval.

In bitcoin world, Alternate currencies are the "Altcoins" and not the Fiat. Fiat is already there and we are getting rid of Paper money in order to use digital currency which has much more benefits than the old paper notes.

right, in the world of cryptocurrency there are coins and altcoins, and to replace fiat currency into digital currency is not easy, although later I'm sure it will happen too. but maybe a generation after us

pedangrusak

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independent paper currency without interference from institutions and government, I will not use it because the people are not clear about the potential, the value given and the market resistance provided, the most important thing is that the security of the money will also bother me

noormcs5

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Quote from: Seeker#9 on November 12, 2018, 05:20:49 AM

I think there is no such thing as alternative and unregulated paper money and only virtual currencies can be unregulated or decentralized. Any paper money or fiat that not issued by the government would be illegal and government will not even create any alternative money that beyond their control. In the older times, they used gold, silvers, porcelain and other goods in the barter trades because they have values even without government approval.

In bitcoin world, Alternate currencies are the "Altcoins" and not the Fiat. Fiat is already there and we are getting rid of Paper money in order to use digital currency which has much more benefits than the old paper notes.

wuvdoll

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Quote from: freeman1177 on October 10, 2018, 06:54:37 AM

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Alternative paper banknotes that is unregulated by the government sounds like just counterfeit money.

I mean I wouldn't say I won't use it but it would need to become very popular. For example, back in my childhood McDonald started a new campaign and they were giving out paper money for their business, it wasn't actually "money" but just coupons to be spent there, there was some menu options where you give the ticket and they give you menu and there were just plain of "this much amount" type tickets as well.

If there was a bigger version of this than I would totally use it too. There was a huge gift card company that went bankrupt here but their gift cards were capable of using anywhere you go and you can buy anything you want with it. People started to give gift cards to each other as presents so that person could go to any shop they want and get anything they like. So there are similar ideas.

Snaic

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Quote from: freeman1177 on October 10, 2018, 06:54:37 AM

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Of course not. It would be useless paper. The whole power of paper bills is that they are issued by states and their circulation is mandatory for use on the territory of the state, guaranteed by the state and supported by the material values of this state and its gold and currency reserves. If such bills are guaranteed by individual business structures, these will actually be their shares, these forms already exist, and for this, nothing extra need be invented. Everything has long been thought out and works.

rez303

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Quote from: freeman1177 on October 10, 2018, 06:54:37 AM

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Currently I am using that currency, which is crypto. The government can not control my money. I can earn money from it and they have not promulgated the law on this. When the government did not intervene, I've made more money. Grin

hawkins

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Quote from: Indrawan77 on November 12, 2018, 09:49:40 PM

Its an interesting question, it will depend on how was it created, the reason it was being created and who is the one that created, if the person got a hidden agenda about creating this currency then I won't used it, to be surre maybe I will see how other people reacted to this currency, the currency will have value if there is a supply and demand

alternatives to banknotes or payment instruments are actually quite a lot, even in some places the exchange of goods still exists. well, but it all depends on the people involved. we also can still use gold, or other items.

Chairul Muttaqin

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Quote from: freeman1177 on October 10, 2018, 06:54:37 AM

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Of course no, who will print it??? Who will make sure that there is no counterfeit of it. Bitcoin maximum amount is limited and people know amd sure about it because this is publicly viewable. Why paper money?? It can easily counterfeited, burned, ripped, and bring many germ. Why I would choose conventional than the modern one??

patarfweefwee

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The question ultimately is if that aforementioned alternative currency could be used in exchange for goods and services of could be used as a sort of investment to be exchanged for a currency that could be used to exchange goods and services. If not then there is no point in using it or having it.

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Quote from: Indrawan77 on November 12, 2018, 09:49:40 PM

Its an interesting question, it will depend on how was it created, the reason it was being created and who is the one that created, if the person got a hidden agenda about creating this currency then I won't used it, to be surre maybe I will see how other people reacted to this currency, the currency will have value if there is a supply and demand

Agree, someone must see the creator of the money paper. Most of the money fiat/money paper will be regulated by the government and if someone tries to make a money paper on their own in that country, I am sure that it is an illegal act, the government will immediately pick up someone to be tried. And I am sure, a money paper made by someone without a valid legal basis will have no value and no one will use it as a transaction system.

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Quote from: Indrawan77 on November 12, 2018, 09:49:40 PM

Its an interesting question, it will depend on how was it created, the reason it was being created and who is the one that created, if the person got a hidden agenda about creating this currency then I won't used it, to be surre maybe I will see how other people reacted to this currency, the currency will have value if there is a supply and demand

basically the currency will be valuable if there is a transaction, it means there is a need and someone offers. thus there will be an active market circulation so that the trade can run

Gagah119

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Of course not, if the paper money is not through regulations or permits from the government then the money is like toy money, paper money becomes valuable after obtaining permission and through various regulations and government words paper money issued by the state is backed up with gold.

Indrawan77

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Its an interesting question, it will depend on how was it created, the reason it was being created and who is the one that created, if the person got a hidden agenda about creating this currency then I won't used it, to be surre maybe I will see how other people reacted to this currency, the currency will have value if there is a supply and demand

Boys27

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I am not interested in using paper money as you mean, because I think it's too stocky because the money might be illegal, I'm more interested in using money that already exists today like usd or euro

Hasbro27

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I will not use it, because paper money is usually issued by a country, and the country that issued money guarantees that the money has value, if the paper money you mean is not issued by a particular country then the money will not be worth

Lumi3004

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Quote from: freeman1177 on October 10, 2018, 06:54:37 AM

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Every law issued by the government or not issued by the local government in our country of residence, of course we must carry out or use it with the condition not to blame the law, as well as alternative paper money, which is not regulated by the government. the important thing can be for buying and selling transactions and selling on the market.

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