Topic: By which year you think? - page 2. (Read 332 times)

for me I dont think it will happen, since it is impossible to replace paper money issued by the government on every country. Government will never let that happen, every country has independent currency. Bitcoin is uncontrollable since it is decentralize, and it cannot be use to pay for non-digital transactions because it is intangible.

As we can see that technology is taking over the world very quickly , it is not that far when we can see all the transactions done digitally. Cryptocurrencies have also come into the limelight and so it is not far that it will be used in our day to day lives.
 I think by 2020, it might happen since it is said that 2020 is the year of development . The change might come if big companies start accepting Bitcoin and other cryptocurrencies as a mode of payment which already is happening by some companies.

It happened in 2009 when Bitcoin came to life. Now programmers are thinking in terms of  blockchain. The old world of lazy IT professionals are over.

actually, I don't know which year for digital currency will take over our daily things and we can buy many things with digital currency because right now, the digital currency still develops and needs to grow more. but the possibility to use digital currency is wide open since we know that every new technology is always launch and now we are in the evolution of digital era. and if we cannot follow the evolution, I am afraid that we cannot survive in the future and we cannot use the easy and simple of the digital era.

I started bitcoin before many days when I heard from one of my friend who is already beneficial as a bitcoin businessman. May be it’s from 2016. When I heard I didn’t late for a second and I am getting the fruits of it also.

It will be a long time before digital money can take over regular money because digital money are not even stable yet and prices keep fluctuating. We will get there but that time is not now.

I don't even think it will happen at all, it would take a tremendous change for all the money and transactions to become bitcoin and cryptocurrency efficient. It would change the whole system and if that would happen I think it would be change positively.

It seems that paper money cannot be replaced or eliminated, even though the digital financial era is forcing or being forced to enter a more modern life.

Maybe 30 or 50 years, because it involves too many countries (state apparatus and citizens) especially all human beings in the world. In addition, feasibility tests need to be done so that no impact can be harmful especially the users.

I think that it strongly depends on the country you live in by when the cashless form of payment will take over nearly completely.
In some northern European countries that has nearly happened.
They even accept credit cards in churches or have some kind of ATM there, because nobody has cash in the pocket anymore to give as a donation.

I do not think that it will be the privately founded crypto currency that will be the main payment method.
The majority of the people love their fiat, they will not leave it.

I think that we already are in the process of eliminating paper money.
Just think about how much cash do you have in your wallet and how much cash do you have on that piece of plastic. The money in your bank account is still digital money and most of them arent back-up by real money. This is one of the causes of the crisis in 2007.
If you think about we do most of our payments with digital money, with POS, Contactless ...

We are already pretty close to a cashless financial system. The large majority of people already shifted to a debit and credit card only lifestyle and online payments are mostly done via Payment processors.

Now we introduced a new more sophisticated and innovative technology, called Crypto currencies that takes us even closer to a cashless society.

Many African countries use digital payment technologies on mobile phones, like M-Pesa. Looking at the bigger picture, we are much closer to a cashless financial system, than most people would think. 

I think it may just happen, but it will take a long time for digital money to replace paper money. That's because the legality is still in trouble, and there are still many people who do not know him. Then the economic level of different communities, will be an additional problem.

I dont think it will happen, since it is impossible to replace paper money issued by the government on every country. Government will never let that happen, every country has independent currency. Bitcoin is uncontrollable since it is decentralize, and it cannot be use to pay for non-digital transactions because it is intangible.

Actually i do not think that bitcoin will overtake the paper money. There are many reasons to be consider. One of it is that digital currency supply will not be able to comply with the currency all over the world. Well that problem could be address if the whole world will unite on pursuing digital currency. Another considerations are those who are living far from the city or from the urban areas wherein they are used to trade with agriculture products with paper money. We could not tell that these farmers are used to with technology for the use of digital currency. These farmer are living in a simple life with no internet just pure nature or environmental dependent. And the agri products will be less likely to improve due to the digital system. Another thing are those homeless people though we could give them food or the basic needs but still in every thing that we could get out from us is the money. Especially we are not holding something like food to eat for them so basically money is the best thing to give to those who are homeless. The currency will more be like having both digital and paper money. We should not eradicate the use of it. And also bitcoin is a digital currency that works as an investment not literally a currency that could be use as a form of payment of goods, products and services.

No many people are not expecting that to happen. Physical money will stay.
Digital currency will be more popular over the years specially  in 1st world countries but in poor countries who has even have a problem on how to eat everyday all they can use is paper money. How can poor people access internet if they do not have a device.

your vision about cryptoworld never happen at least within 500 years next. lol

I dont realy know which and date but i was realt billieve that crypto currency will surely take over the mode of payments around the world in the future. Im not saying that bitcoin or etherium or any other crypto currency since we still dont know yet if there is a most higher crypro currency than bitcoin in the future.

That's so impossible if Crypto currency will change cash money, every government has their own currency and Bitcoin/crypto currency does not qualify to be called money. And Bitcoin need fee to make a payment, I think will be better if use fiat money for daily needed, that's like shopping to the market, buying goods, and etc, that's more effective than use bitcoin.
But Bitcoin have another advantages, I like use Bitcoin for investment and transfer money between country, with escrow service that will be make safer.
Between money and Bitcoin have their own position in our life, which can't be done only by 1 currency, either by Bitcoin Or fiat money.

I do not think that this will happen in the next twenty years. Fee money will be in circulation for a very long time. A lot of people have not even heard of crypto-currencies

i think we all are expecting to takeover paper money by digital currency. if we look around we can see the evolution of digital era. what do you think?
1. by which year digital currency will takeover our everyday things?
2.why you think that years?
3.how you see this change going to come?