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Topic: Paper money vs Digital currency (Read 680 times)

legendary
Activity: 1890
Merit: 1070
Crypto Casino & Sportsbook
January 25, 2021, 05:36:05 PM
#95
Technology is rapidly changing every day, so in an instant, everybody might be using digital currency over paper money. We all know that it is much convenient to use digital currency than physical money because we don't have to wait for our change and count our coins to pay. But I think there will still be people who will use paper money because digital money is vulnerable to hacking that no technology is perfect when it comes to security.
Yes it will kinda hard to convince people to believe and use the things we are using, yes our technology is fast paced, some countries doesn't even have internet connection, some area in my country still don't know it because they don't have electricity and internet connection although most of the people here are into crypto currency already still we can't convince everyone. Let them be, if they want to learn then teach them if they don't want it's their choice not our responsibility anymore.
Part of the reality  since there are remote places on this world that doesnt have access on internet or doesnt have the tools or apparatus for them to get engage.
You are right that this isnt our responsibility but if we do have chance to share it up then that would be great yet even telling to others about its usage and benefits
will really be always counted that will add up on overall adoption. For paper money and digital currency then its basic to say on what are the differences
and its similarities.

Adoption is on the move though but good thing for those who had been able to set themselves into this market on earlier basis
but well theres no need for you to be first or to be the last.
sr. member
Activity: 784
Merit: 269
January 25, 2021, 05:19:16 PM
#94
Technology is rapidly changing every day, so in an instant, everybody might be using digital currency over paper money. We all know that it is much convenient to use digital currency than physical money because we don't have to wait for our change and count our coins to pay. But I think there will still be people who will use paper money because digital money is vulnerable to hacking that no technology is perfect when it comes to security.
Yes it will kinda hard to convince people to believe and use the things we are using, yes our technology is fast paced, some countries doesn't even have internet connection, some area in my country still don't know it because they don't have electricity and internet connection although most of the people here are into crypto currency already still we can't convince everyone. Let them be, if they want to learn then teach them if they don't want it's their choice not our responsibility anymore.
full member
Activity: 504
Merit: 100
January 25, 2021, 04:27:40 PM
#93
Gradually, people are starting to use digital money more and more often. From personal experience, I learned that over the past 5 years, on average, digital money payments have increased by 1.5 or even 2 times. This payment method greatly simplifies the process of buying a product. I myself used to only use cash before, but after using the digital payment method, I realized all its advantages.
hero member
Activity: 1750
Merit: 541
January 25, 2021, 06:52:15 AM
#92
Paper money is recognized by people as the main currency for every transaction thats why its hard to break what they believe as the only currency that exist. On the other side digital currency will just co-exist with paper money but completely replacing what people used to? It will not happen atleast for now. We know many people are still not aware of crypto existence and dont have access to internet to know the current trend circulating online.

Thus I think we cant really force anyone to engage themselves on the new technology we are in because we have our own way of thinking on different matter. People will only adopt digital currency if they see the importance and convenience of using it.
member
Activity: 798
Merit: 36
January 25, 2021, 06:31:47 AM
#91
Technology is rapidly changing every day, so in an instant, everybody might be using digital currency over paper money. We all know that it is much convenient to use digital currency than physical money because we don't have to wait for our change and count our coins to pay. But I think there will still be people who will use paper money because digital money is vulnerable to hacking that no technology is perfect when it comes to security.
sr. member
Activity: 1246
Merit: 360
God, save BTC!
January 25, 2021, 01:33:24 AM
#90
It's not all so clear-cut in my opinion! Digital currencies are a so-called "digital collar," where people can be easily controlled... I do not think that the state will recognize bitcoin as a national currency, but it will create its own... After that, all your transactions will be clearly tracked...
Fiat is the best private currency! Wink
copper member
Activity: 112
Merit: 19
January 25, 2021, 01:13:06 AM
#89
A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of  digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we  convince the peoples to adopt digital currency?Huh
We can't deny that majority still not know about Bitcoin, cryptocurrency, and the said purpose. And majority still using fiat money. However, as we are evolving into new opportunities where we can simplify our works and can do it easily, we have this great innovation. Fiat money to Digital currency is what we have now.
Adoption will never be that easy, it takes many years before it fully understands and fully supported. We don't need to convince people to use this as it was just another option but we just let them discover and appreciate crypto.

Crypto currencies adoption is rapidly growing worldwide. 2020 was very good year when BTC was making Headlines on all News channels, but it will long take time before it replaces Fiat currencies. This is ground breaking and disruptive Technology for the payment system so it  won't be accepted so easily. The security risk associated with this industry is a real challenge and How they meet this challenge, that remains to be seen.
jr. member
Activity: 98
Merit: 6
January 24, 2021, 09:52:55 PM
#88
blockchain and bitcoin cryptocurrency made for the future,
so no matter what happens, digital money will be used by everyone because it will be part of the future,
and finally mass adoption will occur, because it must become part of the future and paper money will be replaced by digital money.

What about those people still lived in remote areas without electricity, no internet connection and doesn't know how to use even cellphone? How they can adopt and use digital currency easily? I think even in the future it will become difficult for them and I believe despite of the existence of digital money or currency, people will still use fiat money because it was issued by the government. Unless government will replace fiat money with digital money, it could force the people to use the digital money.
I am agree with your suggestion. There are many places where people don't know the internet and they don't have the internet service. So, without internet bitcoin is difficult to transfer. So, it is also a very difficult task for the adoption of the Bitcoin in all over the world.
sr. member
Activity: 1568
Merit: 388
January 24, 2021, 06:55:00 PM
#87
A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of  digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we  convince the peoples to adopt digital currency?Huh
We can't deny that majority still not know about Bitcoin, cryptocurrency, and the said purpose. And majority still using fiat money. However, as we are evolving into new opportunities where we can simplify our works and can do it easily, we have this great innovation. Fiat money to Digital currency is what we have now.
Adoption will never be that easy, it takes many years before it fully understands and fully supported. We don't need to convince people to use this as it was just another option but we just let them discover and appreciate crypto.
full member
Activity: 1022
Merit: 135
January 24, 2021, 05:34:15 PM
#86
Paper money is still needed because it is people money that we use everyday in our life to buy our needs and needs. They can adopt the digital currency like bitcoin to make more money or fiat thay they can spend to their daily needs. But the others wants to die the paper money which is not happen , we can both use digital money and paper money now because it is both important.

Even from now tiĺl the next 50 years paper money will still be in use no matter how great innovations science become. The world has gotten use to it that discarding it totally will not be possible. Those who push for digital money also know this attachment exist and can not stop it.
full member
Activity: 700
Merit: 100
January 24, 2021, 05:21:26 PM
#85
A large majority of peoples in the world believes on paper money. They think that this is used for buying or selling goods and services. A currency which has a physically appearance in the world.
But the upcoming world is the world of  digital currency. Because it is easy and reliable way for sending and receiving money at any place in the world. We can send or receive money within minutes.
But there is a huge difference between both these two types of currencies.
So, it is very difficult that Digital currency will be adopted worldwide. Because of the users are not aware of this new technology and they are not comfortable to use this mode of payment. Because they don't believe in this technology yet.
So, how we  convince the peoples to adopt digital currency?Huh
I still prefer to have both paper and digital. It is hard to replace paper money. Not everyone are aware of cryptocurrency.  Many people dont even have phones.
Both currency are good, it has different use.. No need to convice people to adopt digital currency. Besides paper money is safer. You can not use crypto on wet markets or street foods. Think of it, even hundred years later, I believe paper money will exist.
sr. member
Activity: 938
Merit: 300
January 24, 2021, 03:08:13 PM
#84
Paper money still works, but is inconvenient in an environmental standpoint, the production, even the resources it's value is based too, continously depletes our planet's life-giving qualities. While on the other hand, Digital Currency, which is primarily powered by electricity is much cheaper to make, safer to keep, and most of all, is safer for the environment as there are more ways to gather electricity than oil per se. So there's the difference between the two.
hero member
Activity: 952
Merit: 514
January 24, 2021, 02:53:53 PM
#83
~
But there is a huge difference between both these two types of currencies.
-
So, how we  convince the peoples to adopt digital currency?Huh

are you referring to digital currency such as bitcoin or digital fiat currency? as paper money could be used in form of digital since people have been using it seamlessly integrated into the payment methods. No need to convince people to use bitcoin, it meant to be an alternative, not to replace contemporary fiat currency, unless the country broke then bitcoin is a good option for the citizens, although the developers still have to make sure to resolve scalability problem to perform as convenient as fiat currency.
hero member
Activity: 1652
Merit: 565
January 24, 2021, 02:13:48 PM
#82
blockchain and bitcoin cryptocurrency made for the future,
so no matter what happens, digital money will be used by everyone because it will be part of the future,
and finally mass adoption will occur, because it must become part of the future and paper money will be replaced by digital money.

What about those people still lived in remote areas without electricity, no internet connection and doesn't know how to use even cellphone? How they can adopt and use digital currency easily? I think even in the future it will become difficult for them and I believe despite of the existence of digital money or currency, people will still use fiat money because it was issued by the government. Unless government will replace fiat money with digital money, it could force the people to use the digital money.

Why  would really  be having such transition if both things can really be dealt together? Its true that there are remote places in the world wont able to rech out
when it comes to technology knowledge and capacity which means there are people who would really be falling behind on this when it comes to tech
and other related ones.

Paper fiat would exist no matter what because its just impossible for Government to switch up fully on digital scale  without having those reconsiderations.

There's no need for some versus because both are just the same on giving out the same usage.It might be different on how its done but overall
it was just still the same.
member
Activity: 882
Merit: 11
January 24, 2021, 01:18:40 PM
#81
blockchain and bitcoin cryptocurrency made for the future,
so no matter what happens, digital money will be used by everyone because it will be part of the future,
and finally mass adoption will occur, because it must become part of the future and paper money will be replaced by digital money.

What about those people still lived in remote areas without electricity, no internet connection and doesn't know how to use even cellphone? How they can adopt and use digital currency easily? I think even in the future it will become difficult for them and I believe despite of the existence of digital money or currency, people will still use fiat money because it was issued by the government. Unless government will replace fiat money with digital money, it could force the people to use the digital money.
hero member
Activity: 1456
Merit: 594
January 24, 2021, 12:07:37 PM
#80

So, how we  convince the peoples to adopt digital currency?Huh
Been discussed for the nth time. More people are using paper money because it is widely and more accepted compared to digital currencies, especially in the case of cryptos. Paper money is receiving more support from all governments and that makes sense more people are into it than to digital currencies wherein most of the time, in some places, the elite ones are the ones who are into such payment method since they are the ones who are more into convenience, likewise in my ountry wherein digital currencies are a bit complicated to use for those people who are not into technology.
sr. member
Activity: 770
Merit: 393
https://bitcointalk.org/index.php?topic=5274318.0
January 24, 2021, 12:02:51 PM
#79
I have a different perspective about paper money vs digital money.
Digital money will makes you spend more money.
https://www.fool.com/the-ascent/banks/articles/mobile-wallet-causes-more-spending/
It happen on most people, or at least me.
It always be a good and bad side, depend on how and on which situation you see it.
sr. member
Activity: 826
Merit: 252
January 24, 2021, 11:17:39 AM
#78
blockchain and bitcoin cryptocurrency made for the future,
so no matter what happens, digital money will be used by everyone because it will be part of the future,
and finally mass adoption will occur, because it must become part of the future and paper money will be replaced by digital money.
legendary
Activity: 1540
Merit: 1187
January 24, 2021, 10:49:22 AM
#77
People have their own different perspectives regarding digital currencies and paper money for it have something to do with their tradition and daily lifestyle into which they are already familiar upon using paper money for their daily life situation than using digital currencies that is quite or literally unfamiliar to them and that the same thing applies for those people using digital currencies rather than fiat. Both digital and paper money have their own essential usage depending upon the user for the reliance also matters into which type of payment method will be applicable for them as a being. There are people that might be one sided on choosing only one but there are also people that can adapt on using both. We must not push force for those who finds comfortability on using paper money than digital currency and vice versa for it is their own will and choice.
full member
Activity: 784
Merit: 100
https://i.imgur.com/AvHTZrz.png
January 24, 2021, 10:22:05 AM
#76
Paper Money price is not change but country to country paper money change but it not easy to use all country.
Digital currency is any time to use and easy to exchange any country currency. Digital currency is any time to price will be increase. So digital currency is helpful to future savings.
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