Topic: Do you think digital currency will ever replace paper money? - page 33. (Read 11210 times)
Do you think digital currency will ever replace paper money? i think it could be but it takes more than a year to replace digital currency into paper money in my country,because the knowledge of people in currency is not enough its because my country suffered poverty however my country getting up in any situation thats why i hope that the digital currency will be appear in near future.
Big no sir! Digital currencies has many attributes unlike paper money. It is decentralized and not producible and I think that would be the reason why it cant bet paper money. Paper money is centralized and producible. Aside of that, paper money also can do transaction without having an internet connection. Yes were embracing the technology of having a major and innovative discovery like digital currency but in the end of the day its still the paper money who won the battle. Digital money can be dominating if and only if the whole world is connected to the internet.
Not a fucking chance , i don't want the store keep me at there place when simply i just buy a bread till they got at least 1 confirmation for the transaction. It sucks.
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?
I don't think digital currency will replace paper money because there are still people who are now computer literate because we know that we can't enter digital world if we do not know how to use a computer. Many people of other country are poor and can't even eat 3 meals a day. What do you guys think?
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?
What do you guys think?
I do think that eventually all money will be electronic. It's getting there already with payment methods like credit cards, debit cards, PayPal, etc. Most spending I do is with a credit card, then I use my bank's billpay system to make payments on the credit cards. So I don't use cash unless it's a small purchase.
I think everyone will gradually move away from cash to some kind of digital fiat. It's hard to say what that will look like in the future, but I think it will happen.
I think it will be like that someday.
But that will be at least another 20 years if not longer.
Many people and especially the "important" institution (banks, stock exchanges, companies, etc.) are very dependent on your money
But that will be at least another 20 years if not longer.
Many people and especially the "important" institution (banks, stock exchanges, companies, etc.) are very dependent on your money
There's a big possibility that digital currency will replace paper money. In the near future, the world could be more high in technology that could possibly mean that digital currency will occur and little by little, as time goes by, can replace paper money.
I believe this is possible as means in paying various goods, things, and even properties. But I would say, this should not replace physical money.
In addition, risk is high for theft of your digital money.
But then again, it is very efficient in a fast-paced transaction with the advent of technology.
Yes it could be possible but not so soon. The world is not yet ready for cashless transactions. It would kind of hard especially when buying small things like pieces of candies. Small business will be affected by this thing if it happened. But as I said it would take too long because not all part of the world have access of electricity.
It all depends on the governments. I am sure that crypto's utulity is so big that eventually people could abandon fiat currencies. But it would also significantly downgrade governments importance and that's something that politicians cannot agree with.
Even for me Also major part of expense goes through electric currency or digital currency now cryptocurrency currency become integral part of my life .
I think it will be like that someday.
But that will be at least another 20 years if not longer.
Many people and especially the "important" institution (banks, stock exchanges, companies, etc.) are very dependent on your money
But that will be at least another 20 years if not longer.
Many people and especially the "important" institution (banks, stock exchanges, companies, etc.) are very dependent on your money
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?
What do you guys think?
I think with the current situation now it would take a long period of time before bitcoin or crypto currency will replace the fiat system. Most of the people around the world do still use the fiat or the so called paper money. Crypto currency could only replace if only everyone around the world adopt the crypto currency and implemented in each every country. It would still take a long time before it might happen.
Yes I think. Just look from the past. Before fridge are invented, we get our ice from icy place like North and South Poles, Antartica etc.. Artificial Ice (those that comes from refrigerators) are considered dangerous and hazardous to health during that time. They though that ice that grows from metal using chemical that cools water are risking our health. But overtime, society accept the artificial ice until today! I can relate this analogy to the cryptocurrencies. Maybe society are still scared because they don't what it can do. But overtime, people will accept bitcoin bit by bit.
I believe this is possible as means in paying various goods, things, and even properties. But I would say, this should not replace physical money.
In addition, risk is high for theft of your digital money.
But then again, it is very efficient in a fast-paced transaction with the advent of technology.
I wanted to remove the paper money and all switched to electronic money.Although it has some countries like Japan and south korea that accepted the importance of bitcoin in their industry still bitcoin find it hard to accept in any countries.
It is not crazy at all to assume that our current financial system will soon be replaced by cryptocurrency, and this change will bring major changes to the global economy.
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?
What do you guys think?
In my opinion , I think it is still possible for digital currencies to replace paper money in the future because we are already in a digital world where everything depends in the power of technology. However, it will be easier for bigger and countries with advanced technology to make it possible. It only takes time and needs to consider a lot of things.
One day, it will be real yes.
World will have only one currency and it will be digital money.
World will have only one currency and it will be digital money.
Why are you pretty sure about that will happen in future?
I think we can not know about it will happen or not because its very unpredictable. For me bitcoin will never change paper money.
No, but both will go hand-in-hand
my opinion is different from you, in my opinion digital currency will become global currency in the future. everyone will use digital currency as a means of payment. I believe this will happen because the users of digital money at this time are increasing from year to year.
Who knows, it might. But i don't thonk that's gonna be on the short or even medium term. In my opinion thats soon gonna be a complementary monetary system to fiat that will allow us to avoid the exchange rate. The universal currency that you ise when you travel.
I don't think so, digital currency will replace paper money, many country will never allow digital currency to operate in their country, they don't believe in it, they believe any digital come with huge security risk.
As of now, we cannot say that bitcoin can easily replace or ever replace the paper money because if we will look at the governments in different countries, we can say that they are not welcoming the cryptocurrencies right now, maybe because they didn't fully understand what are the purposes of the cryptocurrencies so i think that the cryptos still need a lot of time before talking about replacing the paper money. Jump to: