That is awesome by Elon Musk. He is personally came across many problems and he can just better than other world personality.
I wish this should be happen in the market and we need to grow more in the value and usage also should be increased.
Topic: Elon Musk calls cryptocurrency 'brilliant' while predicting end of paper money.. - page 2. (Read 582 times)
March 18, 2019, 09:07:38 AM
March 18, 2019, 08:57:08 AM
End of paper money? that's bit over the top. You can't just abolish something that took years to build, BTC is still very new.
Logically right, it will take a longer time before this statement can be concluded, building paper money as strength of a country would be hardto be abolished just because of new way of payment currency, chances that they can work alongside each other and be more useful in the near
future, he's another famous personalities to support crypto but it's another speculated statement that can't be assured anything.
March 18, 2019, 08:49:39 AM
The big bank owners know that paper money is no longer feasible in this age, but because they make a fraudulent gain profit from it, they keep fighting to retain it, while depositors are made to suffer and pay for their expensive lifestyle. That is corporate wickeneess. Their days are number, you can't suppress the truth forever.
March 18, 2019, 08:44:57 AM
End of paper money? that's bit over the top. You can't just abolish something that took years to build, BTC is still very new.
Not saying will not happen but considering the fact that Bitcoin is a growing technology will not replace fiat immediately rather will keep developing and taking the fiat off its usual position. Even after the adoption of Bitcoin, it will take it some time to get ride off fiat, even though it will. In my opinion, the two are complement of each other and should have their purpose.
Well we all know elon musk is a visionary and is all for technological advancement, so he may have taken that statement a little further but who knows. I agree that in time, the way we do things may change and crypto could be that change for how we do regular daily transactions.
March 18, 2019, 08:22:51 AM
End of paper money? that's bit over the top. You can't just abolish something that took years to build, BTC is still very new.
Not saying will not happen but considering the fact that Bitcoin is a growing technology will not replace fiat immediately rather will keep developing and taking the fiat off its usual position. Even after the adoption of Bitcoin, it will take it some time to get ride off fiat, even though it will. In my opinion, the two are complement of each other and should have their purpose.
March 18, 2019, 07:43:33 AM
It's nice to see cryptocurrencies endorsed by more noteworthy business people around the world and the more that recognize it's worth and utility, the more we will see ordinary people using it. I think that in 2020 we will have a bigger bullish sentiment around cryptocurrency as more and more infrastructure is laid out and everything is made easier for the usability of crypto among the more ordinary folks who have not yet even known about Bitcoin before now, despite it has been around for ten years or so. It takes time for a technology to be adopted, especially this newest one, the blockchain.
March 18, 2019, 07:15:39 AM
It is hard for me to believe in such words, end of "paper money". So many fossil fuels to burn just to support whole world's crypto currency payment methods. When there is a famous guy supporting crypto says something good about it, they most likely be loosing fame or connections. Now sooner or later Elon Musk will also be called crazy by the media covering Bitcoin is a bubble. Good luck to him.
March 17, 2019, 10:03:59 PM
End of paper money? that's bit over the top. You can't just abolish something that took years to build, BTC is still very new.
March 17, 2019, 02:18:36 PM
Its a very positive one and very energetic with so much support and hope for something much more better but still paper money can not go away it may rather work side by side with crypto currency which will make it more interesting for everyone
March 17, 2019, 12:55:20 PM
Quote
"Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper" but as far as his companies getting involved "I don’t think it would be a good use of Tesla’s resources"...
continued @ https://GlobalCryptoPress.com
Pretty exciting, hopefully some good press can help keep this week's run going!
yes you are right, one of the problems with crypto is that they are unstable, even though their work methods are very good but too many risks must be borne by the user. but despite all that I still believe that someday crypto will replace FIAT
March 06, 2019, 05:19:08 AM
Quote
"Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper" but as far as his companies getting involved "I don’t think it would be a good use of Tesla’s resources"...
continued @ https://GlobalCryptoPress.com
Pretty exciting, hopefully some good press can help keep this week's run going!
these guys speak very well about cryptos, but they do not have cryptos and do not use cryptos.
Tesla Billionaire Elon Musk Says He Owns $2.5K In BTC, Or ‘Literally Zero Cryptocurrency’
they have lots of money and they do not have cryptos, that leads me to ask the following question. Why do not they have cryptos?
March 06, 2019, 03:14:17 AM
You should have included everything in the link though so we could see the whole article. Well, Elon Musk is smart when it comes to technology. He might have seen the potential of Bitcoin in the future. They might not use Bitcoin today, it will come in time when Bitcoin solve most of its problem which will give way for Elon to use it.
March 06, 2019, 02:38:54 AM
Quote
"Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper" but as far as his companies getting involved "I don’t think it would be a good use of Tesla’s resources"...
continued @ https://GlobalCryptoPress.com
Pretty exciting, hopefully some good press can help keep this week's run going!
Of course paper money would give way eventually or be reduced to a ridiculous certain percentage of spending without any doubt however, it does not mean that automatically translate to the use for crypto because even now, electronic money have been the other of the day especially for the teeming youth population that virtually every transactions can be done via mobile application. Ellon's comment is really not coming as a surprise though because he has been known to not follow the norm and on the other side of things. But hopefully, the new wave of things would benefit the entire crypto market.
March 06, 2019, 01:58:45 AM
I feel like Elon Musk is one of the few people who actually care’s about making a difference and delivering good things for the human race and planet in general. Even if not a devoted crypto fan, he still is highly intelligent and can tell that cryptos are the future. With his statement or not, it is obvious we are moving into a digitalised world where paper money will stop existing.
March 05, 2019, 05:14:05 PM
I just wish we had more visionaries like him being proactive in the cryptosphere
March 05, 2019, 05:03:38 PM
well this is good coming from Elon Musk but i dont think paper money will come to an end as both cryptocurrency and paper money can co-exist. while cryptocurrency is good for huge transactions especially across borders, paper money is good for one on one transaction especially in market places. so both cryptocurrency and paper money can actually co-exist.
But only for a while. In time, everyone will have some sort of computer either wearable or implanted, making the need of physical money obsolete. Of course Elon is looking ahead, but it should take another century before physical money is seen like horse carriages. Sure you could still use one, but few do...
March 05, 2019, 04:06:16 PM
well this is good coming from Elon Musk but i dont think paper money will come to an end as both cryptocurrency and paper money can co-exist. while cryptocurrency is good for huge transactions especially across borders, paper money is good for one on one transaction especially in market places. so both cryptocurrency and paper money can actually co-exist.
February 21, 2019, 06:57:18 AM
Elon Musk is a man of legend, man of innovation. I am sure, that we will be able to buy tickets for his spacecraft to Mars for bitcoins. 
February 21, 2019, 06:53:13 AM
Quote
"Paper money is going away and cryptocurrency is a far better way to transfer value than pieces of paper" but as far as his companies getting involved "I don’t think it would be a good use of Tesla’s resources"...
continued @ https://GlobalCryptoPress.com
Pretty exciting, hopefully some good press can help keep this week's run going!
Its not a surprise knowing it comes from the mind of Elon Musk. I admire his works not just his electric tesla cars but those rocket he flew from space. Even the person with technological advancements knows cryptocurrency is a big deal for mode of payment that can somehow be replaced fiat.
February 21, 2019, 06:06:48 AM
I already had time to read this news. This is a small positive for cryptocurrencies, but nevertheless the more famous people will speak positively about cryptocurrencies, the sooner cryptocurrencies will be accepted by humanity as a new financial reality. Especially if Bitcoin can prove its advantage over fiat money. We all just need to be patient and wait for a new bull market. The blockchain has great prospects, just quickly nothing happens. It takes time for humanity to appreciate all the advantages of the new technology.
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