Do you think digital currency will ever replace paper money? - page 68.

Gintama214

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Quote from: lazygin001 on August 29, 2017, 06:24:42 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

For me in my opinion, it is possible that bitcoin will replace or real paper money into digital money especially in our generation that all of the things are mostly in digital now but for now there are still many things needs to happen in bitcoin to be able to surpass our paper money in todays society. Especially, not all people doesn't know about bitcoin, and not all people can invest on it because they have less knowledge in technology or they don't have the financial to do so. There still meany things to consider but I do think that it is not impossible and soon in the future we will see.

worle1bm

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Quote from: lazygin001 on August 29, 2017, 06:24:42 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

If we take a look back we will notice that people are moving toward digital currency leaving behind fiat money and there are some countries where whole population prefer digital currency

So in future it might replace paper money although some feel risky as their personal information might get exposed but still its usage would be on large scale .

Virtual miner

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Astonished to see the poll results considering the fact they were on bitcointalk where the well wishers of bitcoin are abundent. But I think these results are due to some problems relating to bitcoin. Moreover it has become much more centralized which has actually affected its very base of decentralization. We are only left with a bunch of miners mining bitcoin.

THAHIRHAJI

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It is not possible to replace paper money with digital currency as we aware that not all countries having the technology to be accessed by its people every where. So digital currency is not accessible by the people are only depend up on paper money only. May be in future we can expect lot of changes will be took place with the help of technology.

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Quote from: Denilatm on October 27, 2017, 12:42:52 PM

Yes, digital currency will replace paper money.If we are talking about the means to which we use currency, then yes, paper money will be replaced by digital currency. But I do not mean that something like Bitcoins will replace traditional currency. I am speaking of transactions that use something like a debit card or credit card.

I do not think so, however and whenever paper money will be maintained by the state, although the use of digital currency is increasing and larger than paper money but it will never make paper money replaceable.

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Nothing more secure and unique than physical. Whatever connected to internet, everything is vulnerable to data theft is difficult to search and viruses are always lurking. And that's the weakness of digital currency in addition to the advantages mentioned by members here. So, paper money always exist as means of payment.

yvesp110

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Quote from: Swenna on October 25, 2017, 09:48:33 AM

I don't think digital currency will ever replace paper money, not with third world countries. It will be difficult for them to adapt to such changes due to social, government and financial constraint. Such countries also have problems about internet connection. Moreover, currency is often viewed by people as something tangible, something that can be held, that's why I just can't see digital currency will ever replace the paper money despite its advantages.

you keep on thinking and it is going to replace physical one and yeah in first world countries people are more relaying on bitcoin as compare to cash they use bitcoin for the daily purpose they pay their bills through it and on top of it bitcoin Is the most beneficial as compare to the flat currency and people are eagerly coming toward it because cash in pocket is not giving them any of ease earn profit in wallets.

Denilatm

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Yes, digital currency will replace paper money.If we are talking about the means to which we use currency, then yes, paper money will be replaced by digital currency. But I do not mean that something like Bitcoins will replace traditional currency. I am speaking of transactions that use something like a debit card or credit card.

muraqaba

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replace no, compliment yes.

ashaksagnis

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Future will tell us.
This makes sense because in our daily lives, more and more transactions are being facilitated through the internet, our mobile phone, credit cards etc. Paper money is used less and less.

savushkinTA

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I think no. Paper money comes from trees and coton, there fore nobody can makes copy of it and for credit cards, some hacker can easily go and hack you credit card and you it for his own personal things. Also paper money is reliable anywhere in the world, and some restaurents in other country`s might not allow cradit cards.

Tono Ngucotsek

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digital currency will gradually play a major role in the future, now only some people paying with their debit cards.
even though paper money could never be terganti because not all people want to do changes.

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Quote from: mrfaith01 on October 27, 2017, 08:34:41 AM

I think it is posible that bitcoin will replace the paper money if bitcoin will know all around the world...if there is an free internet to every where..who knows its hope for the good...the important is who to earn bitcoin

Internet is a must to do nitcoin activities, if only those who have internet knows how to use it as well as use it in more profitable way then they will be no problems on paying their bills.

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Quote from: lazygin001 on August 29, 2017, 06:24:42 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 think yes because right now for those who know bitcoin practicing a transaction like paying bills, shopping and ordering online, and buying loads using bitcoin like me so lees hustle to go in there outlet to pay that but using cryptocurrency or we called also electronic money you can pay without going to there outlet so that it is possible tat digital currency can replace paper money.

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Quote from: lazygin001 on August 29, 2017, 06:24:42 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 think having digital currency as replace with paper money is a good thing and very possible to happen but we must consider some problems that will affect this changes. We all know that to be able to access digital currencies we need to use internet. However, there are many countries including my country had slow internet connection. In this matter, it can affect every transaction happening online and resulted into a serious problem to a country's economy.

mrfaith01

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I think it is posible that bitcoin will replace the paper money if bitcoin will know all around the world...if there is an free internet to every where..who knows its hope for the good...the important is who to earn bitcoin

ken0203

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that's impossible. Although with all the advantages possessed by bitcoin, conventional currency is still the best transaction tool today.

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I think it's possible to replace paper money by using cards, phones to pay, but a lot of countries are behind the progress to start using this methods, some of the goverments dont wonna finance this kind of projects because of not enough money or not developed country

Edrian

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I will say yes it will, we are moving forward, our technologies are evolving maybe in near future our present currencies paper and coin will take over by cryptocurrency. I think its part of evolution system at past people only uses trading goods then they used paper money and coins for much easier transaction same as today. Someday cryptocurrency will be the official currency all over the world as long as there is internet this currency will keep moving. It has huge potential because a lot of people used technology, for example, their phone they used it to pay their bills and I think its very comfortable to use.

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Quote from: BTCeminjas on October 25, 2017, 09:28:52 PM

Maybe the answer is yes, but there are many advantage and disadvantage of both money digital and paper money. This all money are helpfull to us why should be replace both of them have a useful to our daily life routine.

If dollar is acceptable being an international currency across the world and play a role of dominant currency so why cryptocurrency may not. May be cryptocurrency gets immense popularity in rest of the world in future and then people refuse or avoid paper money for their regular use so in this way paper money may be ended completely but in real sense it will take much time to happening. Eventually it is not impossible for cryptocurrency to overcome paper currency.

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