Topic: Do you ever wonders why we are using this paper as money? - page 4. (Read 1855 times)
It's not like that government said and so we use it. We have different demand and different supply, we had a need of something unique, that would be able to be bring me what I want and also collect this from giving what I don't want. At first there were silver and gold coins, then more practical and multifarius, easy to made. So it is for public use but on another hand, there is gold behind money too as an one indicator of it's value. So after coins, we move on paper, then virtual world came and we move on electro money, after that a revolutionary crypto currencies came. It will be interesting to know, what will be in future.
Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.
Those pieces of paper were once given some value by people who agreed that paper money should be an equivalent of some physical valuable objects like gold/silver/goods and services provided by the citizens of a country. The same social contract was once applied to cryptocurrencies. In this way, bitcoin is also an equivalent of financial services provided. The difference from ponzi scheme is that a vast group of people benefits from using crypto, not only the leaders of a scheme.
People believe paper has a value because the government said so. Strength and reliability of a national currency depend on the financial actions of a certain government. The rates of currencies don’t depend on the amount of gold at the dispose of government and central banks but on their actions.
Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.
Actually paper money in the past is backed by gold but now bank have benn betrayed us. Bank create more money regarfless the amount of gold that mined. Now paper money is a tool that used by capitalist to gain wealthy. Bitcoin is not as good as gold but it's better than fiat.
Interesting supervision. I haven't thought in that way!
Because it is overall agreement of payment unit. Paper money are displaced by digital payments. You need to ask about the money system and not about the form
of course we are not wonders, because this payment system has been agreed upon. this is an old model in payment methods and has been around for hundreds of years. why paper? because there was no technology in that year? do you think what form of money is described, besides paper money and coins in that era? 
In my opinion, they are thinking like that because they dont have the knowledge about our modern technologies today, most of the people who are criticizing cryptocurrency are those people who are old enough that they cannot understand how to operate a simple ipad, so they literally dont have a clue about the way our system is going.
They are not just the paper but paper with a legal tender and the word of the government that it is the responsibility of the government to let you have anything legal commodity with the paper money provided the value of commodity matches what you are willing to pay. So this is what the government promises and of course has such a great amount of advantages that it carry out and meet the needs of everyone who hold it.
I was never wondering why government in the world majority use paper as money but i think because paper money were officially admitted by government so the government will encourage people to use it for every transactions and unlike digital currency they also believe the currency were they admitted are have stable value which mean it deserve to use as the currency
Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.
Sometimes before you post something just try to reason it properly. Some people claim that paper money is one of the main transmitter of diseases, but they never get to ask themselves what the world was using before paper money was introduced. Technology is everywhere now and there are smartphones, so you don’t really have to carry your money around if you choose, but that still doesn’t change the fact that we need paper money. Technology can only be a way to make things quick in some cases.
In my opinion, they are thinking like that because they dont have the knowledge about our modern technologies today, most of the people who are criticizing cryptocurrency are those people who are old enough that they cannot understand how to operate a simple ipad, so they literally dont have a clue about the way our system is going.
old generation did not open minded to technology developtment.and i am believe because of that still much people under estimate to cryptocurrency.
Well yeah. I guess if that is your perspective and to put it technically you are right. We are actually placinbour trust in the government that this piece of paper we are holding is backed up by the country's GNP and intrinsically has value. Other people don't see this and arr actually just sheep that they jist say that this paper has value.
True,we just simply follow the others what they have been doing for years but our currency actually not worthy as much of its hold value but this is the only legal trading medium for now and the gold bas can be used but it is not much convenient that is why we should move to the decentralized currency like bitcoin and the other cryptos.Honestly the currencies are not issued by the government,it all were created by the central banks of each country and governments agrees to issue them to the people but on what basis they were printing is still a myth.
Cryptocurrency is therefore considered to be a virtual currency because it is not recognized worldwide and with cryptocurrency we cant pay in regular stores, therefore we need paper money with the help of which it is easier to make various purchases in the real world at the moment.
Well yeah. I guess if that is your perspective and to put it technically you are right. We are actually placinbour trust in the government that this piece of paper we are holding is backed up by the country's GNP and intrinsically has value. Other people don't see this and arr actually just sheep that they jist say that this paper has value.
True,we just simply follow the others what they have been doing for years but our currency actually not worthy as much of its hold value but this is the only legal trading medium for now and the gold bas can be used but it is not much convenient that is why we should move to the decentralized currency like bitcoin and the other cryptos.Well yeah. I guess if that is your perspective and to put it technically you are right. We are actually placinbour trust in the government that this piece of paper we are holding is backed up by the country's GNP and intrinsically has value. Other people don't see this and arr actually just sheep that they jist say that this paper has value.
True,we just simply follow the others what they have been doing for years but our currency actually not worthy as much of its hold value but this is the only legal trading medium for now and the gold bas can be used but it is not much convenient that is why we should move to the decentralized currency like bitcoin and the other cryptos. 
After barter system famous and dominant currency is paper currency and it is good because we have our wealth in possession and it is a security That we can use it for our needs it is important that you have some money and you can use that for buying and selling of different things Paper money is important and valuable in the present time.
I don't think that this "paper" was created out of this air. It actually represent a trust from a government financial department that it is backed up by the country's GNP. Technically currencies are printed on cotton not paper butni digress. FIAT is very convenient to use compared to crypto currency but convinience is not a sign that it is better
Yes I agree with you mate it is not reallycreated out of this air and I think it also represent the country on it's name and the value of any paper money is also carried from it. Also I think that I see both FIAT and Cryptocurrency as a regular local currency that I can use in any payments. 
Well yeah. I guess if that is your perspective and to put it technically you are right. We are actually placinbour trust in the government that this piece of paper we are holding is backed up by the country's GNP and intrinsically has value. Other people don't see this and arr actually just sheep that they jist say that this paper has value.
Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.
That's a pretty good theory, but the paper we're using has been recognized internationally. Bitcoin is a new currency developed 10 years ago and now it has become famous. But people just view it as a money transfer tool and it is not enough to become a common currency.
I don't think that this "paper" was created out of this air. It actually represent a trust from a government financial department that it is backed up by the country's GNP. Technically currencies are printed on cotton not paper butni digress. FIAT is very convenient to use compared to crypto currency but convinience is not a sign that it is better
We use paper money for a very long time. It is applicable anywhere and it can use easily even without internet. And also it was legalized by the government so theres no fear of using it. Most individual trust paper money rather than bitcoin without knowing the capability of bitcoin and how it can for everyone.
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