Paper Money is so Dead | Bitcointalksearch.org

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: manselr on February 05, 2015, 09:08:04 PM

Quote from: zimmah on February 02, 2015, 05:57:51 PM

Quote from: flipstyle on February 02, 2015, 04:40:45 AM

Quote from: LiteCoinGuy on January 31, 2015, 11:34:47 AM

to daaaa mooooooOOn!

And yet btc's worth is tied directly to the dollar.

lolwat.

So currency

Much stable

Dollar wow

Yeah lol, but all people care is percieved value. The percieved purchasing power for people is more or less the same for decades.

This, most people dont care, it is only percieved after decades, probably takes an entire generation to notice somewhat of a change in purchasing power, you only see it in graphs.

manselr

legendary

Activity: 868

Merit: 1006

Quote from: zimmah on February 02, 2015, 05:57:51 PM

Quote from: flipstyle on February 02, 2015, 04:40:45 AM

Quote from: LiteCoinGuy on January 31, 2015, 11:34:47 AM

to daaaa mooooooOOn!

And yet btc's worth is tied directly to the dollar.

lolwat.

So currency

Much stable

Dollar wow

Yeah lol, but all people care is percieved value. The percieved purchasing power for people is more or less the same for decades.

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: flipstyle on February 02, 2015, 04:40:45 AM

Quote from: LiteCoinGuy on January 31, 2015, 11:34:47 AM

to daaaa mooooooOOn!

And yet btc's worth is tied directly to the dollar.

lolwat.

So currency

Much stable

Dollar wow

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: KizerWilhelm on February 02, 2015, 04:51:40 PM

I don't know about the respect part, but the government does not like paper money.
They would prefer electronic money so they could monitor everyone's income and take your taxes.

They already have electronic money. Most money out there is only inside computers as credit debt.

KizerWilhelm

newbie

Activity: 45

Merit: 0

I don't know about the respect part, but the government does not like paper money.
They would prefer electronic money so they could monitor everyone's income and take your taxes.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Hahaha, really? I used paper money to buy goods for a fair price yesterday? I'll do so today and I'll do so tomorrow. It's perhaps a bit premature to speak of paper money as "dead". You likely get paid with it so try to show it some due respect.

flipstyle

sr. member

Activity: 406

Merit: 250

Quote from: LiteCoinGuy on January 31, 2015, 11:34:47 AM

to daaaa mooooooOOn!

And yet btc's worth is tied directly to the dollar.

lolwat.

AtheistAKASaneBrain

hero member

Activity: 770

Merit: 509

If Selena Gomez said so then so be it, she has more money than all of us here combined :p

Selena Gomez

newbie

Activity: 14

Merit: 0

thats why now im not use paper money again as i know
thats not recommended again

Erdogan

legendary

Activity: 1512

Merit: 1005

Quote from: grendel25 on January 30, 2015, 01:47:48 AM

As long as people spend it, paper money will not be so dead. Besides, who could resist the appeal of the Benjamin? Not this guy.

As long as people hold it, in speculation that they can get something for it in the future, near or far.

kitarohotono

newbie

Activity: 56

Merit: 0

bankers are printing so much money, I can't understand why regular people still use fiat money. Bitcoin and cryptocurrency is way better and
cheaper than dept slavery Shocked

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

to daaaa mooooooOOn!

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

I with paper money never go away. Electronic currency is far more susceptible if the only way of making payments were with virtual currency then governments and big institution would own everything. I do not want this to happen.

grendel25

legendary

Activity: 2296

Merit: 1031

As long as people spend it, paper money will not be so dead. Besides, who could resist the appeal of the Benjamin? Not this guy.

pereira4

legendary

Activity: 1610

Merit: 1183

The only paper money that is still alive and kicking is Monopoly game. Such a fun game to play after so many years Cheesy

nachoig

sr. member

Activity: 252

Merit: 250

I would change the title to "(Honest) Paper Money is so dead". Which also is bad.

Paper money is still the best option when you can't pay in Bitcoin or in precious metals. But now people prefers to pay using debt/credit cards. Debt and credit card (or any other form of eletronic transfer using banks) is what killed paper money. So (at least in my opinion), the mission of Bitcoin is not killing paper money, but killing debt and credit cards.

Paper money at least remains as legal tender, and with paper money, you have what you have. With banks eletronic money, maybe you won't have what they say you have.

leopard2

legendary

Activity: 1372

Merit: 1014

PAPER MONEY???!!! That is a very optimistic term.

Only some 1-3% of money exists in such physical form, 99% is just numbers in computers, central banks do not print money, just type numbers in computers Grin

If the big one hits, people get coins, not paper, because they will be getting cents on the dollar/euro/franc, whatever!

BTC is not leveraged, it is like electronic cash but it is much more real than fiat money

R2D221

hero member

Activity: 658

Merit: 500

Quote from: fenican on January 18, 2015, 08:39:10 AM

Paper money is fine but COINS suck. Was in a long line at the movies and, you guessed it, some a-hole insisted on digging through his pockets to pay with exact change. Seemed to take hours.

What should we do, then? Have 1¢ bills?

dsyahputera

full member

Activity: 224

Merit: 100

Only paper, where's the value? Change it to coin! Oh no, change it to cryptocoin! Cheesy

nextblast

hero member

Activity: 658

Merit: 500

Quote from: dmugetsu on January 18, 2015, 12:32:44 PM

Paper money and bitcoin is equally important

they serve their own purpose

So did shells and gold. But some are destined to fade out by and by.

Topic: Paper Money is so Dead (Read 4477 times)