Do you think digital currency will ever replace paper money? - page 39.

Epimetheus

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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

Bitcoin has reached high heights of success but still I think bitcoin or any other digital currency can not replace paper money because, firstly, paper money is way more popular than digital form of currency which has lead to increased users of paper money than bitcoin or any other digital currency. Then paper money is stable form and is centralised currency whereas digital currency is not stable and is decentralised form of currency.

websoftwareengineer

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Blockchain with VTOS energy

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

I agree to that, bitcoins might become the currency of every country in the future since there are a lot of people who are using different kinds of technology today and because of that, there is a huge chance for bitcoins to increase its community even more and we will might live a cashless country in the future.

cue

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I don't know but as for now, I believe that it would take longer years before the digital currency will replace the fiat currency, it would take another generation maybe, but who knows. Digital Currency for now is just part of the investments and people will still exchange them back to fiat currency in order to buy basic needs and wants.

Despacito

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Quote from: Happiest on January 15, 2018, 02:25:23 PM

No, that can never happen.
No cryptocurrency can ever replace paper money.
Expect the once that are been Universally accepted all over the world.
Look around you, there are so many different countries banning cryptocurrency and ICOs ; so how will this come to be?
No matter how the high price any cryptocurrency might be or valued, if it is not widely and universally accepted by every countries, it can never replace paper money.

You can't say never for this, but you can say this won't happen in near future. We all know that paper fiat money will be removed and digital cash will be the meta of the world.

Mrsun78

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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

nowadays, credit card is replaced with paper money so why not?

Happiest

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No, that can never happen.
No cryptocurrency can ever replace paper money. Expect the once that are been Universally accepted all over the world. Look around you, there are so many different countries banning cryptocurrency and ICOs ; so how will this come to be? No matter how the high price any cryptocurrency might be or valued, if it is not widely and universally accepted by every countries, it can never replace paper money.

freezingmere

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No, that is because I don't think that the government would allow the flow of money that easily if they can't get anything out of it plus there are no funds for the community.

Freddyclose

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Why would he replace cash when they can coexist together?

paa1991

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i can't tell you exactly.. but it is 70% possible.because all world economy moving forward. new concepts are already including to the economy systems.first class countries can be add digital currency for their economy.but some countries are poor.. they can't achieve that...but my idea is after more years all countries (90%) can replace paper money from digital currency...

darshansetty

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yes the digital currency will guarentee replace the paper money by replacing the paper currency to the digital currency we can avoide the correption and also we can save many trees

awawo

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I don't really think that digital currency is going to replace paper faint money because they bought have different environments to operate, while paper many is the centralized currency control by the government digital currency on the other hand operate in a secondary level decentralized and not control by the government and it agency. So the people may decide to use digital currency as they secondary currency but still need paper money as the officially recognized by government which is freely use in the market and shops in the country so digital currency can never replace paper money.

Bianca Azure

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Hi,buddies

It won't be happens...

Dont you think bout beggar or poor people in many countries ?

How them get btc for them daily needs?

ajdaj

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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

Maybe someday it will become real. But to date, not many people still know about bitcoin. Many now speak about payment in such a way, it is convenient, fast and reliable. I would gladly pay for services in this way.

Lazada

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I never thought that digital currency could replace the role of paper money. I think both will side by side in supporting the economic system in the world.
I see this as a thing that will strengthen our financial system. With the alternative then some people can choose the best by version.

Cryptobuz

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Many people see digital currencies as the future currency. But banking sector and government are going against cryptocurrency, so i dont see digital money taking over paper notes.

DimaS1574

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to my mind it will be reasonable to replace paper money, now statistic shows us that al moust more than 80% of transactions and money turnover is covered by electronic money

BobbyZounours

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Nope, because paper money create for us to buy what we wanted wherever we wanted to use it. Digital currencies are hard to use because not all stores, market, online shopping and local companies are accepting bitcoin/digital currencies for payment. Still a lot of people are not yet accept bitcoin because they think that bitcoin and other digital currencies will end..

nedeken01

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If you ask me,
I firmly believe that it will happen in the future. The reliance on technology means that soon we will stop using paper money.

codecares

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I don't think therefore, paper maintenance wont be replaced by digital currency ever. Simply because many local bank and their supervision wont permit the people to do it as it wont be pleasurable for the financial of the local bank unless local bank pass judgment to understand digital currencies.

MrCrank

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I don't think that digital currency will replace paper money.
Because not all people use internet and don't have knowledge about hardware and software.
Paper money will be exist many years.

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