Do you think digital currency will ever replace paper money? - page 61.

Boov

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Quote from: Kakawate on November 15, 2017, 08:17:35 PM

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

In my opinion, cryptocurrency can replace paper money. The cryptoworld is taking the world in a very fast rate, and more people are being aware that there is a thing such as cryptocurrency, and now they are being attracted to it because of its great potential.

Well, I guess bitcoin would replace paper money soon as it grows faster and become popular in the world. Since were now already a part of a world of internet then becoming bitcoin as a worlds currency or replace the paper money is not far enough to happen. Well, I hope that this day would come and if it would then I'll be glad.

Traslavin

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Quote from: nanaliepaloma on November 16, 2017, 08:18:46 AM

that will be impossible since fiat is here far longer than the governments we have today so the system of local currency will not be replaced because its easy to spend cash than digital currency.

For now I doubt that bitcoin could replace paper money because bitcoin at this point is not yet legally implemented by many countries and also not yet accepted by some countries. 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.

BAGOBO

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very unlikely, paper money has been recognized by the state while Bitcoin has not been acknowledged by all countries so I think the paper currency will not be replaced.

nanaliepaloma

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that will be impossible since fiat is here far longer than the governments we have today so the system of local currency will not be replaced because its easy to spend cash than digital currency.

Capradina

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Quote from: william8829 on November 15, 2017, 04:56:37 PM

Quote from: Renai0925 on November 15, 2017, 04:17:32 PM

Both yes and no. I think digital currency could replace paper money in the future and it's the most convenient way to carry your cash around. But it'll take a very long while for that to happen, and there's nothing wrong having paper money with you incase if something goes wrong accessing your digital currency.

Yes. What I want in life is to have more than one option. I like the idea of using Bitcoin to pay for everyday items. Now if you told me I could only use Bitcon or some other crpto I would feel uncomfortable with that. More options not just replace the old one.

Indeed we all want bitcoin can be a means of payment that would have been very well known and widely used by everyone, but when it happens then we would think that it would be far better off saving the bitcoin. Because the one thing you should understand is bitcoin is a substitute for gold in digital, so when we can not understand it then it will definitely walk quickly as well as detrimental.

Destroyeroff98

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Well, I wanted to remove the paper money and all switched to electronic money. In any case, the currency of each country will remain, but paper money must be removed.

regan101

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Quote from: Kakawate on November 15, 2017, 08:17:35 PM

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

In my opinion, cryptocurrency can replace paper money. The cryptoworld is taking the world in a very fast rate, and more people are being aware that there is a thing such as cryptocurrency, and now they are being attracted to it because of its great potential.

For me cryptocurrency will not replace the paper money but will become an alternate source of traiding. The percentage of the population get involved in crypto currency increases but will not by 100% of the intire population.

jangangilaya

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Quote from: |Bitkoin| on October 15, 2017, 10:08:20 AM

Digital currencies are already replacing paper money because they are for more superior. Paper money is for dinosaurs and because of technology and the internet things change quickly, so you either adapt or cease to exist.

i think the digital currency is good and supposed to replace the country's currency, in addition to its easy payment method, also its development is very good, but whether all countries can legalize this digital currency? . Grin

Kakawate

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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

In my opinion, cryptocurrency can replace paper money. The cryptoworld is taking the world in a very fast rate, and more people are being aware that there is a thing such as cryptocurrency, and now they are being attracted to it because of its great potential.

12tribes

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The revolution is already gathering momentum.... bitcoin will eventually replace fiat money by more than 70% as awareness and technological advancements improve.

desanti

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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

yes, that's right I agree the same, in my opinion also the same digital currency will not be possible to replace the paper money.
because I think not everyone can use technology tools.
for example, in very remote rural areas, such as those who still have to pay or earn money using paper money.
so I think we will never lose paper money, because for me the small community of paper money is easier to get it than digital money.

Tukang Becak

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If the use of cryptocurrency more massive, then gradually the use of regular money will continue to fall and eventually disappear. paper money is thousands of years old and because the era has changed then one day paper money will disappear soon.

rhamzter

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Quote from: jhongzjhong on November 15, 2017, 05:19:39 PM

Maybe it could happen but it take a long process, let say i go to the open market and i buy a kilo of fish then instead of paper money they have a gadget to recieved my payment through digital currency, thats cool. But paper money will never replace digital currency it take more time to do i think it take century process.

We don't know what will happen in the future, but same like you Im just thinking that even how hard bitcoin works in currency world. I believe that digital currency can't surpass paper money. Because more people are fully trained on how to used paper money yet not all people in the world are knows about bitcoin and their advantages.

dns

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Maybe now to early say yes but in the future I am sure will chage digital money instead FIAT.

jhongzjhong

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https://bmy.guide

Maybe it could happen but it take a long process, let say i go to the open market and i buy a kilo of fish then instead of paper money they have a gadget to recieved my payment through digital currency, thats cool. But paper money will never replace digital currency it take more time to do i think it take century process.

nethan1btc

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Quote from: Flowzer on November 15, 2017, 04:52:42 PM

maybe it could happen. paper money into digital money today. it happens that many people use digital currency because it is easier to use than paper money. now various forms of digital unag has been circulating in the community with different ntuk also. such as credit cards and atm as a means of payment at a particular store. you do not have to carry too much paper money and weight, just simply bring the existing digital money disbursed your debit card.

I think it's not, but someday will come digitally currency will be used for the wholeworld as the way of online payment. But definitely it is already implemented in some counry like japan, but you said that digital currency will replace fiat currency it's not be happened because fiat traditionally used us since centuries so it's really hard to be replaced it on digital currency.

william8829

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Quote from: Renai0925 on November 15, 2017, 04:17:32 PM

Both yes and no. I think digital currency could replace paper money in the future and it's the most convenient way to carry your cash around. But it'll take a very long while for that to happen, and there's nothing wrong having paper money with you incase if something goes wrong accessing your digital currency.

Yes. What I want in life is to have more than one option. I like the idea of using Bitcoin to pay for everyday items. Now if you told me I could only use Bitcon or some other crpto I would feel uncomfortable with that. More options not just replace the old one.

Flowzer

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maybe it could happen. paper money into digital money today. it happens that many people use digital currency because it is easier to use than paper money. now various forms of digital unag has been circulating in the community with different ntuk also. such as credit cards and atm as a means of payment at a particular store. you do not have to carry too much paper money and weight, just simply bring the existing digital money disbursed your debit card.

ChrisPop

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Not your Keys, Not your Bitcoins

As all our society evolves,a change is bound to happen in the financial industry as well. And what is more perfect then the crypto-currencies which will offer us more privacy,speed, decentralization and many other applications in different sectors from tourism to agriculture and health system thanks to the blockchain technology.

The Golden Boy

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Quote from: UsernameBitcoin on November 15, 2017, 04:31:27 PM

Digital currency will absolutely replace paper money as more and more people are choosing to use it instead of traditional money. BTC is on it's way to replacing the USD as the world's reserve currency because it's not backed by any and the Federal Reserve can print money, thus creating fake debt, at their will and loan it out to banks for 0% interest. What a scam of a system, BTC is a decentralized system. Much different.

I do believe in crypto currencies but to replace paper money, it still needs slot of development, on security and usability, it still lacks alot in that area. I use the mother index the not my mother can use it the closer we get, it is because she is not at all technically minded, she has a hard time using online banking. But when we get a user friendly system that secures our funds the bank people needs to look for a new job

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