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Topic: Paper money vs Digital currency - page 2. (Read 1315 times)

hero member
Activity: 1344
Merit: 565
August 01, 2021, 03:43:24 AM
Gradually, of course people will be more familiar with bitcoin, bitcoin will show its best side and it is possible that bitcoin can be well accepted in the future because of its increasing popularity so that it can have a positive effect. However, this is like an alternative currency that still has advantages over its characteristics, although it will not replace paper money, but it will accompany or complement paper money in general, which both provide benefits.
I believe that should be the takeaway in all this paper money vs digital money thing. Even though digital money e.g (cryptocurrency) which I believe is in question here might sound great but in all sense, I don't see it overshadowing the paper money even if it is only because of the government's view to it. Great adoption will be there but as you mentioned, it will mostly be as a complementary currency to the existing paper money anywhere.   
full member
Activity: 257
Merit: 102
August 01, 2021, 03:30:40 AM
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 think we don't have to convince them to use digital currency. People are already starting to adopt it or used it. Digital currency is starting to take over paper money especially during this pandemic. Also, most people are afraid to go outside so they tend to use digital money to buy goods. The technology is moving fast so we need to adjust to keep on track. But still, even though many people are using digital currency doesn't mean they don't need paper money. What I'm telling is, we dont' need to convince them because they will adopt it themselves.
full member
Activity: 896
Merit: 108
July 31, 2021, 03:02:07 PM
The population is misinformed because governments are not open to these technological advances because they know that centralization is not involved. Government entities and banks do not have control over bitcoin and cryptocurrencies and that is why they do not agree to make them participate in their economies.---
it is an anticipatory measure from the government to protect its economy because we all know that no one can really control cryptocurrencies, so it is a precaution to minimize the worst. in addition, not all countries completely prohibit cryptocurrencies, only limiting them as a means of payment, but they can still be used as investment tools and trading commodities.
and between paper money and digital currency, we can all use it without needing to debate which one is better. both have their respective functions and advantages.
member
Activity: 1358
Merit: 81
July 31, 2021, 12:04:30 PM
The population is misinformed because governments are not open to these technological advances because they know that centralization is not involved. Government entities and banks do not have control over bitcoin and cryptocurrencies and that is why they do not agree to make them participate in their economies.
It is a wrong idea, we know it, we have advanced a little proving that technology can work in its contribution to the economy.
I think it is on our side to teach from our environment (family and friends) to learn to participate in the world of cryptocurrencies.
I am starting in the simplest way with the empowerment of my relatives because they do not have a phone and it is a basic tool to start with crypto.
My plan is to help buy a phone for each of them who are four relatives and that they can enter the world of cryptocurrencies.
sr. member
Activity: 1246
Merit: 263
SmartFi - EARN, LEND & TRADE
July 31, 2021, 11:14:22 AM
Digital currency offers a better experience and a more secure feeling in today's information technology age. Everyone has a mobile device so adopting digital currency is the right direction. Another thing is that online shopping and the COVID-19 pandemic reduce the use of cash so the use of digital currency is increasing at a faster rate.

I still appreciate paper money because in some cases you cannot use digital currency as tip, buy small valuables.
sr. member
Activity: 1330
Merit: 289
July 31, 2021, 10:33:11 AM
Different technologies for different people of different financial orientations, to fully accept digital assets as payment we will have to force the whole world to becoming a computer village where every individual is capable of operating their e-wallets and not vehemently depending on anyone to carry out the transactions for them for safety purposes  Where as paper currency doesn't need any much technology to carry out it's due diligence basic mathematics is enough, people can even identify a certain currency by just relating with the people drawn on them. The both serve different roles and the both of them are needed by different humans, the world is fast approaching an area where our daily transactions will have to go digital. Untill then the both can still be serving their individual roles.
sr. member
Activity: 1274
Merit: 293
July 31, 2021, 10:25:31 AM
At present, it is impossible for digital currency to completely replace paper currency. With the development of society, the progress of science and technology, and the reproduction of human beings, people will finally realize the advantages of digital currency and use digital currency more than paper currency.
Unless we create an infinite, indestructible, efficient and eco-friendly electical source all over the world, we can't fully adopt digital currency because if we start too early with some countries not having that kind of electricity source, someone malicious can commit financial terrorism by shutting the power grid that causes blackout and it only takes about 1 or 3 days in my opinion to make a country collapse with a crippled economic circulation not to mention some real deaths caused by the blackouts. I think for now, we should focus on making a coexistence rather than taking over because we still haven't solved the energy in the equation to fully take over the old ways in money.
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
July 30, 2021, 11:36:10 PM
bitcoin and fiat currency, which is always a hot debate in this forum,, both have differences but coexist with each other, Bitcoin is a digital asset that can be traded and profit from it, we can exchange bitcoin into fiat currency, to buy our needs ,because in my country they still don't want to accept any purchases in the form of bitcoins..

It is true that in many developing countries Bitcoin is not well known and not being accepted to buy goods or services. It is evolutionary  process and as the time goes by it will be adopted on mass scale because it has many advantages over fiat currency. It is faster, less transaction fee, can be carried in a Mobile phone wallet and  is transferred across border within seconds.  
hero member
Activity: 1904
Merit: 510
July 28, 2021, 08:37:13 AM
bitcoin and fiat currency, which is always a hot debate in this forum,, both have differences but coexist with each other, Bitcoin is a digital asset that can be traded and profit from it, we can exchange bitcoin into fiat currency, to buy our needs ,because in my country they still don't want to accept any purchases in the form of bitcoins..
member
Activity: 178
Merit: 10
July 28, 2021, 07:57:49 AM
What convince me was that i thought Bitcoin was a 'harder' currency than the USD or EUR. Harder currencies mean more valuable and stable like how the Venezuelans use Bitcoin instead of their terrible Bolivar currency. Examining the differences with western currencies is more difficult but that's what research is for..
newbie
Activity: 15
Merit: 1
June 05, 2021, 04:30:22 AM
At present, it is impossible for digital currency to completely replace paper currency. With the development of society, the progress of science and technology, and the reproduction of human beings, people will finally realize the advantages of digital currency and use digital currency more than paper currency.
full member
Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
April 13, 2021, 04:53:04 AM
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

Most people are aware of the existence of digital currency and still uses paper money when buying goods/services. Practically speaking, some people prefer paper money over digital money simply because of its availability and accessibility. What if digital payment is not available? and what if you encounter some problem accessing your digital wallet?. I think those are the flaws of a cashless payment system and its not always applicable to every circumstance which is why most people still prefer paper money over digital money
full member
Activity: 1176
Merit: 100
Next Generation Web3 Casino
April 13, 2021, 04:06:52 AM
Actually it is tough to convince people to use digital currency because they are using paper money from the beginning. They are not used to buy sell with digital currency. Time and situation will handle it. We should teach them about digital currency in basic level now.
It is true that it is very difficult to introduce digital currency to other people. I have friends and I advise you to collect digital currency to save for the long term, but it is in vain. My friends do not respond to what I say but now my friends regret seeing the market.
full member
Activity: 1638
Merit: 167
Buzz App - Spin wheel, farm rewards
April 13, 2021, 12:22:38 AM
...
So, how we  convince the peoples to adopt digital currency?Huh

We don't have to bother convincing people about the adoption of digital currency (crypto). Even though they currently don't believe in using cryptocurrency, over time they will realize that crypto and digital currency are important in everyday life.

Currently, many giant companies and well-known institutions have adopted a lot of bitcoin, which has made many people realize that bitcoin and digital currency are very worthy of adoption.
sr. member
Activity: 672
Merit: 250
April 12, 2021, 11:34:27 PM
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
Today world changing. If you saw many people used digital currency. Today you can pay digital currency when you buy and sell. If you want to buy a products on online you need to pay digital currency.
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
April 12, 2021, 10:32:43 PM
I want to give my 2 cents worth about the issue. I always regard these two as two separate yet important tools in my journey to financial freedom. Bitcoin is a digital asset that can be traded and get profit from it, if you know how the system works. Many have profited from it and was able to convert it to fiat where at that point the fiat is now serving as a tool to buy goods and the services that accepts fiat. Bitcoin still regarded as an asset, is now rarely used as a medium of exchange. Invest and trade smart and you will reap the benefits of Bitcoin profit.
member
Activity: 297
Merit: 40
April 12, 2021, 04:25:05 PM
Maybe you are about fiat currency and cryptocurrency, we already have a lot of thread about comparison for both currency, both are good actually, each currency are good for daily expenses but in different circumstances. Fiat currency will always be the preferred one when talking about daily expenses as it can be used anytime and anywhere we are while cryptocurrency is also good in terms of sending money, investing and trading.
sr. member
Activity: 1666
Merit: 268
April 12, 2021, 03:56:55 PM
It is not easy to convince people who are accustomed to using paper money to be able to adopt digital currency. Especially for people who are old
and do not understand technology, it must be very difficult to use digital currency. But as long as we educate slowly and patiently, anyone should
finally be able to start adopting digital currency. Although it may take a while for a lot of people to start adopting Bitcoin. The key is to be patient
in explaining and convincing people about digital currency, but for people to believe in something new it requires a long process.
sr. member
Activity: 481
Merit: 251
April 12, 2021, 03:35:27 PM
The choice is obvious - digital money. I wonder why we still haven't switched to digital currencies completely yet.
full member
Activity: 1274
Merit: 115
★Bitvest.io★ Play Plinko or Invest!
April 12, 2021, 12:35:11 PM
So, how we  convince the peoples to adopt digital currency?Huh
We just need to show them what crypto really is then they would decided it on their own,
We couldn't force them if they don't want too but at least we tried to convince them into it.
We all have our choice and free to do what we want so as to those who doesn't want crypto or digital currency.
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