I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
I think cryptocurrency will not be able to master the major currencies in the future, as long as the government has a fiat then it will be difficult for cryptocurrency to be the main currency in the future
Topic: The Future of Money? - page 7. (Read 8114 times)
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
I think cryptocurrency will not be able to master the major currencies in the future, as long as the government has a fiat then it will be difficult for cryptocurrency to be the main currency in the future
I think that the future of money is to make people use as less cash as possible and use only in the digital mode.
So the money will be on digits like the digits on calculator and in this way people will spend more because the feeling that they are not spending cash makes them spend more.
Besides this bitcoin is going good and if more startups and big companies include bitcoin as payment method then cash will be used rarer.
there's nothing to do on spending digital currencies make people spending more as they don't feel spending that much money,they're actually does,if you still don't sure now ask yourself if you have bitcoin and buying ton of shit stuff why did you regret after thatSo the money will be on digits like the digits on calculator and in this way people will spend more because the feeling that they are not spending cash makes them spend more.
Besides this bitcoin is going good and if more startups and big companies include bitcoin as payment method then cash will be used rarer.
You are hurrying a bit because this conclusion I made after a deep research and it's a bit psychological and you may not understand facing on the first time.
When you spend cash your brain makes you think that you spend something physical and it's taken out from your pocket, but when you spend through bank cards is much more different. And the banks are encourage their costumers to use as much as they can through debit/credit cards.
And for sure those people that thinks the future money will be really some kinda sort of digital currency and bitcoin is close to or maybe exactly that it is going to be used as the future money. Because I know, in the US many are already using digital currency, but not with bitcoin but digital dollars and that is starting the cashless society.
Developed countries can and will move completely to digital currency. But do not forget the poor countries. There cryptocurrency development takes place very slowly
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When you spend cash your brain makes you think that you spend something physical and it's taken out from your pocket, but when you spend through bank cards is much more different. And the banks are encourage their costumers to use as much as they can through debit/credit cards.
When you spend cash your brain makes you think that you spend something physical and it's taken out from your pocket, but when you spend through bank cards is much more different. And the banks are encourage their costumers to use as much as they can through debit/credit cards.
You are right. Banks like to give out credit cards, because people easily loose track of their expenses, because they don't feel that their pocket/account is emptied. That makes them spend more than they have and banks can earn a nice return by their debt service.
The same principle - namely using an abstraction layer to prevent an accurate (emotional) assessment of one's finances - is used in a reverse way for various reward programs. People receive "points" or something similar, not actual currency, to motivate purchase decisions. Most often, these points are worth only fractions of a currency unit, so people get a lot of them. This obfuscates an adequate assessment of the real value of the rewards, making them appear more valuable than they actually are.
I think even with digital currencies only you can still have a full overview of your finances. It simply depends on your willingness to monitor your expenditures.
ya.ya.yo!
I think that the future of money is to make people use as less cash as possible and use only in the digital mode.
So the money will be on digits like the digits on calculator and in this way people will spend more because the feeling that they are not spending cash makes them spend more.
Besides this bitcoin is going good and if more startups and big companies include bitcoin as payment method then cash will be used rarer.
there's nothing to do on spending digital currencies make people spending more as they don't feel spending that much money,they're actually does,if you still don't sure now ask yourself if you have bitcoin and buying ton of shit stuff why did you regret after thatSo the money will be on digits like the digits on calculator and in this way people will spend more because the feeling that they are not spending cash makes them spend more.
Besides this bitcoin is going good and if more startups and big companies include bitcoin as payment method then cash will be used rarer.
You are hurrying a bit because this conclusion I made after a deep research and it's a bit psychological and you may not understand facing on the first time.
When you spend cash your brain makes you think that you spend something physical and it's taken out from your pocket, but when you spend through bank cards is much more different. And the banks are encourage their costumers to use as much as they can through debit/credit cards.
I think that the future of money is to make people use as less cash as possible and use only in the digital mode.
So the money will be on digits like the digits on calculator and in this way people will spend more because the feeling that they are not spending cash makes them spend more.
Besides this bitcoin is going good and if more startups and big companies include bitcoin as payment method then cash will be used rarer.
there's nothing to do on spending digital currencies make people spending more as they don't feel spending that much money,they're actually does,if you still don't sure now ask yourself if you have bitcoin and buying ton of shit stuff why did you regret after that So the money will be on digits like the digits on calculator and in this way people will spend more because the feeling that they are not spending cash makes them spend more.
Besides this bitcoin is going good and if more startups and big companies include bitcoin as payment method then cash will be used rarer.
I think that the future of money is to make people use as less cash as possible and use only in the digital mode.
So the money will be on digits like the digits on calculator and in this way people will spend more because the feeling that they are not spending cash makes them spend more.
Besides this bitcoin is going good and if more startups and big companies include bitcoin as payment method then cash will be used rarer.
So the money will be on digits like the digits on calculator and in this way people will spend more because the feeling that they are not spending cash makes them spend more.
Besides this bitcoin is going good and if more startups and big companies include bitcoin as payment method then cash will be used rarer.
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
I think cryptocurrency will not be able to master the major currencies in the future, as long as the government has a fiat then it will be difficult for cryptocurrency to be the main currency in the futureI'm sure cryptocurrency never become the main currency countries. It always is and will remain an alternative currency. People do not like something new. And do not trust
People want something to be always around them in order to earn their trust and i'm sure if bitcoin does that it would also be believed by the people around the world, if it just remains on internet then probably it wont become the next generations currency.
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
I think cryptocurrency will not be able to master the major currencies in the future, as long as the government has a fiat then it will be difficult for cryptocurrency to be the main currency in the futureI'm sure cryptocurrency never become the main currency countries. It always is and will remain an alternative currency. People do not like something new. And do not trust
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
I think cryptocurrency will not be able to master the major currencies in the future, as long as the government has a fiat then it will be difficult for cryptocurrency to be the main currency in the futureIt would be really impossible for bitcoin to surpass fiat because fiat currency is being regulated and controlled by the government which we all know that they are the most powerful in terms of implementing rules on a certain country thats why bitcoin would not possible to be a main currency.
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
I think cryptocurrency will not be able to master the major currencies in the future, as long as the government has a fiat then it will be difficult for cryptocurrency to be the main currency in the futureIt would be really impossible for bitcoin to surpass fiat because fiat currency is being regulated and controlled by the government which we all know that they are the most powerful in terms of implementing rules on a certain country thats why bitcoin would not possible to be a main currency.
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
Never say never. There was no single country which was very powerful in the Euro zone. Yet, we did see the Euro replace the lira, drachma and the deutsche mark.
I tend to disgree. Germany (and France, to a degree) is a backbone of the European Union and its primary driver. And the Deutsche mark quite naturally was the strongest currency among the countries that united into the EU later. If you are going to challenge that point, you should keep in mind that the SDR currency maintained by the IMF included the US dollar, Deutsche mark, French franc, British pound and Japanese yen before the Euro replaced franc and mark. And the Deutsche mark had also been included in the basket of currencies used to calculate the US Dollar Index, a measure of the dollar strength...
So it seems that your claim is not founded on facts
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
I think cryptocurrency will not be able to master the major currencies in the future, as long as the government has a fiat then it will be difficult for cryptocurrency to be the main currency in the futureI'm sure cryptocurrency never become the main currency countries. It always is and will remain an alternative currency. People do not like something new. And do not trust
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
I think cryptocurrency will not be able to master the major currencies in the future, as long as the government has a fiat then it will be difficult for cryptocurrency to be the main currency in the future I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
It is possible if the central bank finds a way they can still control the crypto currency.
Central banks only care about if they can control the currency they issue, they don't care too much whether it is crypto or not.
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
Never say never. There was no single country which was very powerful in the Euro zone. Yet, we did see the Euro replace the lira, drachma and the deutsche mark.
Euro (the currency) is not even 20 years old and there is high possibility (at least, I believe so) that European Union will split during next 20 years.
We also have examples of other currency unions existing:
US Dollar is currency of Ecuador, Panama, El Salvador, Puerto Rico, Palau and couple other countries.
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
Never say never. There was no single country which was very powerful in the Euro zone. Yet, we did see the Euro replace the lira, drachma and the deutsche mark.
I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.
So, after all our discussion (thank you all for participating,) it appears our conclusion is that modern money is as much a political as an economic animal. This is what I have read multiple times from authors I trust. We have to watch the news!
Please correct me if you think otherwise.
Please correct me if you think otherwise.
Money will likely keep all current forms, despite how popular one is over another.
Although new ideas on how to make transactions evolve, every prior one still kicks it.
There's no point in removing any types because money is already in circulation with no stopping point... That's the hard part, the next goal is to put diverse amounts so none become underdeveloped.
Although new ideas on how to make transactions evolve, every prior one still kicks it.
There's no point in removing any types because money is already in circulation with no stopping point... That's the hard part, the next goal is to put diverse amounts so none become underdeveloped.
Maybe the system of paper money would change in future because of the advancement in technology but as you said the currencies would probably stay the same in future as well i guess, just the methods of usages may change accordingly to the new era.
Of all the materials that humanity produced, paper is one of the most "nature friendly" ones (unlike, for example, plastic packaging). It is just a form of processed cellulose from which plants mainly consist of. Regarding logging, I think paper money is not the major factor contributing to it. Furthermore, modern banknotes are often made from cotton paper, which is superior to wood paper...
It can last for hundreds of years without deterioration, that's why it is preferred in paper money
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