At first what is meant by alternate currency(paper money) in the topic? because currently I use paper money here. But if it meant like another alternate currency whether let it be paper or digital, I'll use it depending on its features.
Topic: Alternative currency ( paper money ) - page 4. (Read 930 times)
Yes.When the bitcoin replace the paper currency fully,I would start to use of bitcoin and cryptocurrency alone. Even now the acceptance of bitcoin and altcoin is not a legal one in some countries.Only in some countries , bitcoin is illegal.Even their,the people use to inverse their money in cryptocurrency.
It would depend on some matters. Its goal,acceptance to the common people,people behind it will be a big factor in this regard.
It really depends on the currency. If the currency has potential and future is sought through this, then most certainly.
You can use apples as a currency, I pay your tomatoes with apples, then you buy fishes with apples etc. We don't need to get the apples regulated by the government. In the old time, the sugar was the only currency, then gold, then coins, then paper.
Don't forget about salt blocks. It's still being used as currency in some regions of Africa I think.
If there was an alternative currency (paper money) unregulated by the Government would you use it?
If we have uses of it why not. There are few of them in my country, merchants accept it (usually the bakery, butcher, local bar...) There is even the mayor of a city who is fully paid with one of this currency.
You can use apples as a currency, I pay your tomatoes with apples, then you buy fishes with apples etc. We don't need to get the apples regulated by the government. In the old time, the sugar was the only currency, then gold, then coins, then paper.
If there was an alternative currency (paper money) unregulated by the Government would you use it?
Is there something like that? It would be fake if there is unregulated paper money circulating in the community. Such question is not a deal to begin with and cannot be true due to the government not allowing such currency.
Why does this give me the impression of play money? Also, if this is going to come to fruition, there will be a lot of people printing their own fake bills. I'd rather stick with bitcoins. At least it's got some value.
i just look to above my post seems unregulated paper money is exist but i was never seen such as this before and i personally will never use that because unregulated paper money means this currency is illegal to use because the government only admitted official currency which is the physical is paper money and if there is i think it is risky to be used
Yes if it is being accepted in the form of payment. All things will be considered even if it is an alternative money for it could be use a medium of exchange. And this is how bitcoin is being compared with where some of the establishment are accepting bitcoin as a means of payment.
Its mostly seen as illegal to use undefined or self issued currency not minted by the government of that nation. I've heard of a few cases where people just turn out plain metal discs and have gotten into trouble because it was seen as a kind of counterfeiting operation that undermined the tax regime.
If you want to use currency outside of your own countries, its better to take up the established currency of a sovereign nation. In some cases you can hold a gold or silver coin that is still widely traded and accepted as valid. I realise some will argue its perfectly fine in theory but in practise it raises eyebrows and some alarm. Just carrying around large amounts of cash can cause forfeiture for example which is not exactly fair but common as an offfence because of the drugs trade unfortunately
If you want to use currency outside of your own countries, its better to take up the established currency of a sovereign nation. In some cases you can hold a gold or silver coin that is still widely traded and accepted as valid. I realise some will argue its perfectly fine in theory but in practise it raises eyebrows and some alarm. Just carrying around large amounts of cash can cause forfeiture for example which is not exactly fair but common as an offfence because of the drugs trade unfortunately
Yes, I would use this currency, but if it was supported by some value, such as gold or diamonds.
If there was an alternative currency (paper money) unregulated by the Government would you use it?
If it is decentralized then we can use it just like the crypto currencies or if someone backed up that currency than government then it has lot of negativities than the paper currency regulated by the governments.But it is impossible to make such kind of money in paper format because it will be harder to maintain due to the liquidity of the coin.But why we need another new one when we already have cryptos? If there was an alternative currency (paper money) unregulated by the Government would you use it?
Why would I use it? what's going to be the purpose? The government determines the value of a currency and if that is not regulated by them, who's going to predict the value of that currency? Let's except crypto's on this but every currency that exists that didn't came from the government can still be regulated even if it was created or produced by a company.
If there was an alternative currency (paper money) unregulated by the Government would you use it?
This is not even possible, it means government will have no say or control in the flow of cash. Yes! I will spend such currency though, I think the likes Mfchain innovations working to provide instant fiat to crypto conversion and so many more features bringing about mass adoption of cryptocurrency, creating a border-less economy should be supported. Government currency not contolled is just illusive, no government will create such currency when the have nothing to gain form it. If there was an alternative currency (paper money) unregulated by the Government would you use it?
of course, it would be very difficult for the public to accept if the money was not regulated by the government, especially if the government that made it would cause a lot of counterfeit money and make the money hit by inflation that in a long time will be very worthless, and from the start it will be very difficult if it is because the public trust will be very minimal on money that has nothing to do with the government. I personally might not use it at all because it will have a very high risk 
If there was an alternative currency (paper money) unregulated by the Government would you use it?
I probably would not use it. What makes money "money" is not about whether its printed or electronic its because its being accepted as a medium of exchange and attached value. Remove those from it, its just a worthless piece of paper.
And again, the term government goes beyond an elected body at the national or states level or any constituted authority. A mere coming together of some people to control something is a form of government on its own because they would be deciding for others. As it relates to paper currency, it cannot be unregulated as some people would have to be ensure its printed, its secure, the value does not drop, its relatively scarce, its in various units, it does not leads to inflation and all of that is regulations.
Unregulated means its not approved and not advised to used by the government so if this happens I think no one will use that said fiat money paper money are only controlled by one country and only the government has the right to create and release it no private entity can make another one.
I remember a few years ago seeing these gold and silver based bills that came in small packs - you would rip each one out like from a checkbook. I've never been able to find the video since, but this is a similar product (if not the same that's been changed) - https://www.peakprosperity.com/podcast/84359/new-way-hold-gold
Gold and/or silver in a papery-like bill would be an excellent alternative currency.
The Cyberius team.
Gold and/or silver in a papery-like bill would be an excellent alternative currency.
The Cyberius team.
If we have crypto in paper form and every where it has some departments where this will issue and we can exchange it there and in every country there would some banks for it then the popularity and it's use will be more often than now if this available in paper form then it would be more attractive currency.
If there was an alternative currency (paper money) unregulated by the Government would you use it?
Nope. Because "unregulated" and "by the government" are opposite, contradicting things that are impossible to exist side by side. What you describe can only be a scam in its implementation.
I am not comfortable to agree with the above topic as stated, No government will have such an alternative paper money out for circulation besides the authorized government money under regulation by its Central Bank of each Government. No control for such alternative money out for circulation.
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