Topic: Do you think digital currency will ever replace paper money? - page 76. (Read 11210 times)
I think for the majority of people in the far future there will a practically full replacement of paper money. I do still think paper money will still exist though
Nowadays, bitcoin has slow adoption of the digital currency because not everyone can use that. There are some countries that do not legalize the use of bitcoin. I don't think that digital currency will ever replace paper money. If you say that digital currency can be an alternative currency, i agree with that. I agree that digital currency like bitcoin will have an influence on the fiat currency systems of the world.
I'm pretty sure that digital currency will replace paper money in near future, but we don't have that suitable coins right now. To replace paper money, a coins must have these followings feature:
1. Scalability
2. Big number of coins and can adjusted for inflation (maybe)
3. Untraceable (you don't want the shopkeeper to know all of your wealth just by checking on the blockchain)
4. Fast blocks (a little bit hard to make without having to find block every seconds).
1. Scalability
2. Big number of coins and can adjusted for inflation (maybe)
3. Untraceable (you don't want the shopkeeper to know all of your wealth just by checking on the blockchain)
4. Fast blocks (a little bit hard to make without having to find block every seconds).
Bitcoin can be hacked by hackers.
I think This is not feasible for world to replace bitcoin to paper currency.
I think This is not feasible for world to replace bitcoin to paper currency.
First, we need to differentiate between a hack and a theft. Many assume that they are one and the same, but they are not. So, not all hacks involve theft. And not all theft is a hack, obviously. Theft does still happen out there in the physical world, with no computer getting involved. So, it’s not that cryptocurrency businesses suffer more hacks than all other sectors. They don’t. It just seems like they do, because those hacks get a lot of public attention.
I consider your point but Do you think unstable currency could be replace our fiat currency?
sometimes bitcoin price increase by 10% and sometimes decrease in single day.
Tell me any currency which has been facing above type of drastic changes?
Maybe in some countries it is possible but not globally because not every people in this planet has an access to the internet. Some don't have the technology for accessing the digital money and as we can see paper money is more convenient in our everyday use because it is where we are used to.
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?
In my opinion, it's a no-no. Maybe it will be legal to most countries but won't totally replace it. Regular currencies has physical market value and are used in a long period of time. Eventhough more people, especially nowadays, who are into technology, still regular currency has a big role. And infact, there are users that converts their bitcoin into fiat, especially those who are living where Bitcoin is not yet legal. What do you guys think?
I think that will replace, for one very simple reason - it's more convenient.
Im pretty sure it will happen, the banks are already providing a lot services which you can make from home, paying bills choose investments talk with a manager. Sure it will take some years but pretty sure we are already into the digital area and it will be implements for full over the next years. But for those happens it must get safe to do any transaction online without hackers be able to damage or attack such system, something similiar the hash of mining at bitcoin.
When days past technology are continues improving and it was the same with the currency. I think sooner or later paper money was diminish in each country due to digital currency. I believe that if all peoples are educate regarding bitcoin I think they can easily understand and used it in the future.But now there are a number of cryptocurrencies and new ones a coming, which one we should use?
Im pretty sure it will happen, the banks are already providing a lot services which you can make from home, paying bills choose investments talk with a manager. Sure it will take some years but pretty sure we are already into the digital area and it will be implements for full over the next years. But for those happens it must get safe to do any transaction online without hackers be able to damage or attack such system, something similiar the hash of mining at bitcoin.
When days past technology are continues improving and it was the same with the currency. I think sooner or later paper money was diminish in each country due to digital currency. I believe that if all peoples are educate regarding bitcoin I think they can easily understand and used it in the future. 
Bitcoin can be hacked by hackers.
I think This is not feasible for world to replace bitcoin to paper currency.
I think This is not feasible for world to replace bitcoin to paper currency.
First, we need to differentiate between a hack and a theft. Many assume that they are one and the same, but they are not. So, not all hacks involve theft. And not all theft is a hack, obviously. Theft does still happen out there in the physical world, with no computer getting involved. So, it’s not that cryptocurrency businesses suffer more hacks than all other sectors. They don’t. It just seems like they do, because those hacks get a lot of public attention.
NO its not ganna happen LOL
paper need to circulate in one certain country to determine its economy growth...
In fact crypto or digital currency like BTC is more prone to scam and in one blink all your cryptos will vanished
paper need to circulate in one certain country to determine its economy growth...
In fact crypto or digital currency like BTC is more prone to scam and in one blink all your cryptos will vanished
Yes.
We're already witnessing digitalization of everything with internet.
Think about it ... all the app's we're using ... emails ... it's all going in the cloud ! And paper bank notes will follow too !
We're already witnessing digitalization of everything with internet.
Think about it ... all the app's we're using ... emails ... it's all going in the cloud ! And paper bank notes will follow too !
I think bitcoin cannot replace paper money because Bitcoin price is not stable. we had seen drastic change in price recent days.
Bitcoin can be hacked by hackers.
I think This is not feasible for world to replace bitcoin to paper currency.
Bitcoin can be hacked by hackers.
I think This is not feasible for world to replace bitcoin to paper currency.
Im pretty sure it will happen, the banks are already providing a lot services which you can make from home, paying bills choose investments talk with a manager. Sure it will take some years but pretty sure we are already into the digital area and it will be implements for full over the next years. But for those happens it must get safe to do any transaction online without hackers be able to damage or attack such system, something similiar the hash of mining at bitcoin.
Will not. I think cash money will still be used. Moreover, not everyone knows and has a gadget. Local money will remain everyone's favorite.
For now it can't replace real money,because of the effectiveness of the transaction,by using digital money,you have to do some step before you do transaction
But with real money you can do transaction on the spot instantly,if in the future bitcoin can solve the problem of the effectiveness,then maybe it will replace the paper money
But with real money you can do transaction on the spot instantly,if in the future bitcoin can solve the problem of the effectiveness,then maybe it will replace the paper money
no because not everyone that knows about digital currency.
I don't think that BTC will ever completely replace paper money. I can't see that as a viable possibility.
I don't think so, we will have both physical and digital currency in the future but not a replacement
But there is a demand of instant transactions and physical currency may not be able to fall into that category.
Frankly speaking, digital currency will not fulfill the demand for instant transactions.
Sorry for being ignorant, does Ripple do instant transactions too?
I think it's obviously different. Digital money already has its own place, while paper money remains the money we use in everyday life. but with a note, if all readiness supports to make digital money into daily money, why do not we use it as well.
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