Do you ever wonders why we are using this paper as money? - page 8.

Jaycee99

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Quote from: Findingnemo on November 02, 2018, 10:23:30 AM

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.

Well as of my point of view bitcoin can not be the only one to be use as the foriegn currency if there will be an inventor and a genius who will set restrictions and to see that there is scams it is the users who must be Disiplined on using bitcoin. An ideal that people will not use bitcoin as a scam or other kind of electronic currency that will be created for us to use on our daily lives.

bajingluncat

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paper money is part of the history of the human revolution, from the very beginning using metal even now, and perhaps many rulers thought paper money was better in terms of quality and security, although now that is doubtful, for a moment I think if this is the development of currencies then there is a possibility in the future when the paper money is no longer reliable, then crypto will replace it, if seen from the mindset and lifestyle of humans now it seems that it will not be difficult, but whose name lives in a country too many regulations that sometimes inhibit changes, regulations that are too rigid and standard will be a big obstacle, maybe it's time to make a revolution, which inevitably takes a lot of hard work and sacrifice to make it happen, are you ready for that?

CoinAcademyNL

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Yes I have wondered that a lot, in the end the adoption of money is all because of believe. These days this believe is forced upon the people...

Argoo

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Quote from: Findingnemo on November 02, 2018, 10:23:30 AM

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.

Well, earlier people were carrying large stones as coins or exchanging one product for another. And the one and the other was difficult. With the advent of minting coins it became easier, however, they were quite weighty. Then people began to hand over their coins to the bank and use. bank receipt that such a person has a certain amount in this bank. According to the relevant receipt, everyone could go and receive money due to him according to a promissory note. Then it did the state itself. They calculated all the material values in the state and for that amount they issued paper money of this state. Material values are increasing over the year and the state adds additional money for this amount. In my opinion, everything is reasonable. It really has been working for centuries.
Therefore, it is foolish to say that it is only paper and does not cost anything. This is actually all the same IOU, but already the state.

syamster

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Quote from: rickyNmorty on November 04, 2018, 08:11:09 AM

Quote from: lelylely on November 02, 2018, 10:38:49 AM

That's because paper currency are believed to have value and are also legitimate by the government, so paper currency can be used to buy all your needs. Not because of the paper, but because of the approval from the government and also a belief that it has value.

I agree. This is a means in doing transactions that's why. This is what they consider a way in which currency is known. We can say that this is the legal or the legitimate way to interact with the market. And thus bitcoin is not this kind of thimg therefore it is more effective.

Agree with you it is best way to make interaction but we can have amount to invest after buying coin with our paper money for a lot of people it is best way to have money in your pocket but for me we can live better life if we will replace it with digital money, at some extent crypto currency is working as investment but at the same time it is playing vital role in our daily life buying and selling of objects that we need for our life.

sarmrakib

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Quote from: Findingnemo on November 02, 2018, 10:23:30 AM

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.

bitcoin is a digital currency . He who don't about bitcoin can say it is scam.we need to share our knowledge of bitcoin to whole over the world . Bitcoin is a real money .You can use it against paper money. You can buy anything and also can earn easily you want ,what you never think on paper money .Actually lack of currency knowledge people are saying like this it is scam and ponzi.

cornelcorn

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i think all need this paper money, for daily needs, food, pay bills, buying tv, pc, smartphones ...

Gibreil

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We are using paper as money because of its evolution. If you are a good historian, you knew it already
During medieval era, barter change or exchange of goods and goals was invented. Because of evolution, from barter, it turned into paying golds or silver per product so that they know it value. Because of scarce resource of gold and silver, people think of other usable material that may change in gold. They invented the paper we are using right now.

yusupjatigumilar

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Quote from: Findingnemo on November 02, 2018, 10:23:30 AM

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.

I don't think it's because the material is made of paper or metal so they want to use it as a means of transaction for centuries, but because the trust that arises from all parties to a currency, paper money or metal is just a physical symbol to indicate the amount of exchange value, actually bitcoin can also be used as a currency if all parties can store trust in bitcoin as a transaction tool

ice18

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We use paper money because its approved by the government to use and its effectivity compared to gold if in the early years we discovered the bitcoin/blockchain then I think its the currency we are already using right now because of its finite supply compared to fiat.

eaLiTy

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Quote from: lelylely on November 02, 2018, 10:38:49 AM

That's because paper currency are believed to have value and are also legitimate by the government, so paper currency can be used to buy all your needs. Not because of the paper, but because of the approval from the government and also a belief that it has value.

The world is moving to a digital era and making micro transactions are possible at this stage without much transaction charges. The belief that the goverment has set a valuation for the currency can change anytime if they want to, they can demonotize the valuation any time and that happens when you bestow power to any central authority. Moving forward hope we will move in the right direction of decentralization and no single authority dictates the economy.

rickyNmorty

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Quote from: lelylely on November 02, 2018, 10:38:49 AM

That's because paper currency are believed to have value and are also legitimate by the government, so paper currency can be used to buy all your needs. Not because of the paper, but because of the approval from the government and also a belief that it has value.

I agree. This is a means in doing transactions that's why. This is what they consider a way in which currency is known. We can say that this is the legal or the legitimate way to interact with the market. And thus bitcoin is not this kind of thimg therefore it is more effective.

BitHodler

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Quote from: maarx on November 03, 2018, 06:07:46 PM

I've many times pondered that how can the notes do have such a respect, protection, value and etc.

The mass is giving it value, because they know that their fiat currencies are usable as money everywhere, and not just in some lucky places like crypto currencies, meaning, we have a very long journey of acceptance to go through.

Fiat's main perk is that you don't have to bother looking at its value on a daily basis to know what you can buy with it. I know, some fiat currencies suck hard in that regard, but the more stable ones definitely do their job well.

What happens with fiat when we suddenly realize that we can't spend or exchange it anymore? It becomes worthless. It's not backed by anything that would allow it to maintain somewhat of a base value. Fiat value is in our minds.

sheenshane

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Quote from: rosepetals on November 03, 2018, 11:45:24 PM

Quote from: Findingnemo on November 02, 2018, 10:23:30 AM

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.

Paper money has a value than can be hold or touch.Rigjt government approved its usage for masses and for long years these have been very functional that is why theres a big issue on the cryptocurrencies existence because people make used in fiat or paper money and not cryptocurrency.

In addition in your reply, paper money is now currently used because it is a traditional currency since trading or exchanging item is gone because they found out that it is not worth it. Paper money exists until because you can buy the products even where you are, not like the cryptocurrency you need to have an internet connection just to purchase. So, paper money is the right currency to us and cryptocurrency is just like a gold or silver that we can earn a profit.

rosepetals

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Quote from: Findingnemo on November 02, 2018, 10:23:30 AM

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.

Paper money has a value than can be hold or touch.Rigjt government approved its usage for masses and for long years these have been very functional that is why theres a big issue on the cryptocurrencies existence because people make used in fiat or paper money and not cryptocurrency.

Bitfling

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Quote from: Findingnemo on November 02, 2018, 10:23:30 AM

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.

Paper money used to replace gold because gold not flexible to carry. At first time, paper money back up by gold but after bretton wood agreement, paper money isssued based on government trust and not back up by anything.
Bitcoin back up on network security and transaction confirmation by miner and i think thats why bitcoin price always increasing year on year

SlickMoTwoToe

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Quote from: Findingnemo on November 02, 2018, 10:23:30 AM

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.

The paper money has a value because many people believe that it was a money, while in bitcoin many people taught it was a scam well that is was there lost if they don't believe in virtual currency, early adopter was lucky because they have bitcoin that can use in the future to be a single currency.

Lanatsa

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Quote from: Findingnemo on November 02, 2018, 10:23:30 AM

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.

Let's just say that it is the alternative way of trading things, foods, livestocks which seems to have a different value and is sometimes too heavy to carry. That's why they think of it as an alternative way of money and everyone decide to use it for the sake of easy services then viola a paper with someone's face on it was born.

maarx

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I've many times pondered that how can the notes do have such a respect, protection, value and etc.

Findingnemo

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Quote from: Christopher_Hayes on November 03, 2018, 12:02:36 PM

It's not that we need to use "just paper" as a currency. It was more like it was what we were introduced to a very long time ago. It's been existing for a very long time, so people are used to it, and have been treating it as the "official" currency worldwide. On the other hand, the reason many people don't treat bitcoin or cryptocurrency as an official currency is because even after 10 years of existing, it's still fairly new. Give it more time and they will adjust to it, and hopefully will start treating it as alternative to fiat.

If we doing something wrong for the centuries it won't become right that is how the people doing the fiat as their valuable asset in this world but the reality is they are not they were created by some people who want to control this world without the people's knowledge.People need to understand how the money evolved over the years so as you said they definitely need to understand about crypto.

Topic: Do you ever wonders why we are using this paper as money? - page 8. (Read 1835 times)