Do you think digital currency will ever replace paper money? - page 10.

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Quote from: lazygin001 on August 29, 2017, 05:24:42 AM

Personally I say yes as our society becomes increasingly dependent upon technology, digital currency will become a more popular means of paying for different things and it is more effective and instant. I haven't used much physical money in the past 8 years and I rarely had any problems with that.

What do you guys think? Wink

It is! Digital currency is playing a big role now and will do more better in the future. In some countries, most of them used to pay with their debit card/cryptocurrencies. However, real money or paper money will be not extinct for many many many years because people can't adapt new major things. When digital currency is more used than real money I don't think that it is gonna be bitcoin because of there are many cryptocurrencies will be develop in the future that way better than bitcoin system itself.

xraisers

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Not right now, It will definitely not happen in a decade or two. As a large portion of people still don't know about digital currency. Many people will still consider using paper money to buy of what they need. And I have great faith that digital money will replace paper money. Simple paper money has caused so much inflation and too expensive for governments

hakertajniak

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YOUC | John McAfee Supports

nowadays peoples less use paper money to transact. We often use digital money.
bitcoin is a digital and decentralized currency, it is possible for bitcoin to replace paper money in the future.

seattlenonsmoker

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I fully believe that digital currencies will take the place of national paper money. This is a real outcome. Investors are aware of the change. People who have not noticed the change yet will see the signs soon.

webosftw

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The world is moving towards digital technology. Everyone just going to depend on latest technology. Technology makes our life become so easy and faster. So that no one will be surprised if paper money is replaced by digital currency. People of the world gradually moving on this I mean cryptocurrency. so I think the change shall come so early.

renc77

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For me, it is extremely possible, however as I would see it; this is significantly more applicable when discussing nations like The United States, Australia, and other first world nations.

I don't see this development to the third world nations or significantly poorer nations with lacks of financial capabilities; the poor group couldn't bear the cost of nourishment and fundamental wares, what increasingly a cell phone to execute bitcoin with? My figure is that both fiat cash and cryptographic money will both be utilized.

In the event that computerized cash would supplant fiat cash I don't see it occurring in this lifetime.

Mia-

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I do not think the digital currency will be able to replace the paper money because not everyone can mengoprasikan technological devices, so no anyone can use digital currency and we will never lose paper money

Shafiqul Islam

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burst.money

Quote from: mercury200888 on January 22, 2018, 12:14:11 PM

The digital currency will absolutely replace paper money. The question is how quickly this will happen. People in megacities practically do not use paper money, it becomes not convenient. Especially it is more convenient to make purchases on the Internet by electronic transfer

Bitcoin is digital currency which has ability to replace paper money. World becoming very digital hence people don't like very much hazardous. They like easy transfer system which is possible for bitcoin system. I think bitcoin will replace paper money one day.

rockstarr

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Quote from: taliwang on August 29, 2017, 07:02:00 AM

I say that digital currency will not be possible to replace paper money. Because not everyone can use digital currency. thanks

I think bitcoin crypto currency cannot replace the paper money because it is a traditional flat money and every country has their own currency. Everybody knows best how to used paper money than bitcoin.

Wong Gendheng

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Quote from: INBOT on March 29, 2018, 02:21:44 PM

Absolutely and that time is quite near too!

The whole money industry will change, and probably the current currencies that are valued by gold will disappear. Gold is very unethical and unecological material and people start to reject it sooner or later.

Currencies based on real value will replace gold and gold-related currencies.

Now many countries are doing research and testing digital money, even in developed countries the use of paper money rarely we meet, this is because paper money is inconvenient and not practical, I'm sure that paper money will disappear after 50 years from now.

Vibr56

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take away the uncertainty & have crypto regulated by govts and digital currency could indeed replace paper money in the future. For now, businesses don't want to use crypto for payments due to the volatility in price.

C. Bergmann

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Quote from: lazygin001 on August 29, 2017, 05:24:42 AM

Personally I say yes as our society becomes increasingly dependent upon technology, digital currency will become a more popular means of paying for different things and it is more effective and instant. I haven't used much physical money in the past 8 years and I rarely had any problems with that.

What do you guys think? Wink

No. No matter how I love cryptocurrencies, I still not am convince that it can replace paper money or fiats. Fiats are vital to the economic prosperity and has this characteristics which cryptocurrencies doesn't have especially the fact that it can be represented in physical form but of course cryptocurrencies have characteristics that fiats don't.

They should not try to erase the other. It would be good for the two of them to continue to exist.

Black Angel

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Yes of course, I am sure that someday we will use digital money, people will not bother to bring money in wallet or suitcase, everything is practical because with digital money it is more practical and of course the government easier to control digital money.

OrangeSeller

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Quote from: Gix on March 28, 2018, 06:46:28 AM

We're heading towards a cashless society, with or without the crypto. Grin

Cashless society is far far better than the society with the cash because the more you have the cash, the more vulnerable you are and many countries have this law passed from their legislative members that the payment of the employees will be done in their accounts.

This move was to keep the taxation system fair as well as the security of the people from the street crimes. Bitcoin is the next level cashless society where street crimes are not imaginable.

INBOT

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Absolutely and that time is quite near too!

The whole money industry will change, and probably the current currencies that are valued by gold will disappear. Gold is very unethical and unecological material and people start to reject it sooner or later.

Currencies based on real value will replace gold and gold-related currencies.

Gix

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We're heading towards a cashless society, with or without the crypto. Grin

tesmark07

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I think there is no possibility to replace paper money to digital currency .
For example in an uncivilized places like when you are living to the poorest town in your country.
I think the technology of digital currency could not reach it because they have no Internet connection.
And also people who are living on that places could have no idea what is bitcoin.,right?

spagettiboy69

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I feel like we are already heavily not a "cash" society any more (most people use cards for transactions). I don't think it's going to happen right away, but it seems really likely we would move towards this new system. Especially with govt's collapsing, etc. That's always been my thought and why I want to be in on crypto.

alisaserdceva

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We saw a fantastic increase in the cost of bitcoin in December. At the end of November, when I gave a lecture at the Gaidar fund, it cost about $ 8,000.

pcoot

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There are already a lot of means of payment to replace paper money, but it is impossible to completely replace it. I do not think that cryptocurrency can do this. This is not the most important development of cryptocurrency.

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