I think paper money has no future. probably it will be replaced by something worth such as gold and something has a lot of advantage such us bitcoin.
NO buddy. You can not deny the benefits of paper money no matter how much you hate it. Paper money has existed for many years and although technology helps us a lot, we still need to use paper money for instant transactions and micro transactions. If you are still ignorant, you can try to throw all paper money and see whether you can live in this world
Topic: The future of the paper money - page 102. (Read 416603 times)
I think paper money has no future. probably it will be replaced by something worth such as gold and something has a lot of advantage such us bitcoin.
NO buddy. You can not deny the benefits of paper money no matter how much you hate it. Paper money has existed for many years and although technology helps us a lot, we still need to use paper money for instant transactions and micro transactions. If you are still ignorant, you can try to throw all paper money and see whether you can live in this world Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Paper money would still exist.Even today,there are more people around the world who don't even have a debit or credit card and don't know about digital transactions.They consider only paper money as the real money.So,it would be not possible to ban paper money completely. Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
The idea of paper money being banned is ludicrous, I mean maybe in the distant future sure but I haven't seen any proposals whatsoever for how a digital currency could ever work in an offline setting. Paper money works whether an internet or phone connection is available and even when there is no electricity. If we had a bitcoin based digital currency what will happen when the internet goes down, will transactions be unavailable until it is working again?
Think about disaster hit areas, without paper money transactions would be impossible in all but an old fashioned barter setting.
Think about disaster hit areas, without paper money transactions would be impossible in all but an old fashioned barter setting.
The Internet has become a necessity to us. If the Internet goes down, it would be one of the first things your government will fix. Most part of the economy depends on the Internet because they need to communicate to other people. You don't have to worry about the things that only have a small chance of happening.
In addition to this, if disaster hits your country so hard that even the telephone wires got destroyed, do you really think people would just carry on with their lives and buy and sell things as if nothing happened? Paper money will just as useless as any other currencies at that point. People will choose to fix everything else before they get back to their feet.
The idea of paper money being banned is ludicrous, I mean maybe in the distant future sure but I haven't seen any proposals whatsoever for how a digital currency could ever work in an offline setting. Paper money works whether an internet or phone connection is available and even when there is no electricity. If we had a bitcoin based digital currency what will happen when the internet goes down, will transactions be unavailable until it is working again?
Think about disaster hit areas, without paper money transactions would be impossible in all but an old fashioned barter setting.
Think about disaster hit areas, without paper money transactions would be impossible in all but an old fashioned barter setting.
Paper money will stay.
Paper money will stay forever!
And want to know why?
Because you can burn paper!
"Burn paper?" you say? Well, criminals always love to burn money when they have too much of it. The government steals money from everyone, so they are criminals. Because the government wants to keep burning money, they need to keep the paper money.
Government has control over everything, so they will just say "keep the paper money" and done!
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Paper money will stay forever!
And want to know why?
Because you can burn paper!
"Burn paper?" you say? Well, criminals always love to burn money when they have too much of it. The government steals money from everyone, so they are criminals. Because the government wants to keep burning money, they need to keep the paper money.
Government has control over everything, so they will just say "keep the paper money" and done!
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I imagine there is some power either controlling the money or in the government that is hanging on to paper to not make a change, not sure why. Counterfeiting is still all over and although there are better methods to catch bad money, there are also five new paper currency designs every couple years and you can see why a 16 kid working at the grocery store register would have trouble visually spotting a bad bill, there are ten versions of each one! It is just a matter of time.
paper moneys will remain in the future, although use and circulation isn't as much as today. Because banks are always innovating to facilitate public finance transactions. didn't rule out paper money will be the antiques that have fantastic prices in the future.
Yes true, but quantity will continue to decrease, all States are currently testing digital money and probably will be effective 10 years again, and presence of the bitcoin make paper money will disappear soon. Paper money is going to keep existing but as we have seen paper money is going out and instead people are using electronic means of payment instead.
That will take some time and I don't think it will be bitcoin the reason why paper money will be eliminated, the government has the capacity to make their own digital currency and they can regulate it to be use by the people, bitcoin will just always play in the shadow.Which is already going on right now. People are already using cards to pay almost everything. Cash is only used to small scale businesses and sometimes even small scale ones already accept cards. You would think that if people are more into using the digital form of fiat, then they will adopt bitcoins as well. But that's not the case right now. Bitcoin still has to prevail first by becoming mainstream before the mass start migrating to use it.
A thought: Maybe if bitcoin debit cards starts to become a "thing" then people might start using it as well? I know people use different cards from different places from different companies. Then maybe adding bitcoin debit card to their collection wouldn't be that troublesome.
I think paper money has no future. probably it will be replaced by something worth such as gold and something has a lot of advantage such us bitcoin.
paper moneys will remain in the future, although use and circulation isn't as much as today. Because banks are always innovating to facilitate public finance transactions. didn't rule out paper money will be the antiques that have fantastic prices in the future.
Paper money is going to keep existing but as we have seen paper money is going out and instead people are using electronic means of payment instead.
That will take some time and I don't think it will be bitcoin the reason why paper money will be eliminated, the government has the capacity to make their own digital currency and they can regulate it to be use by the people, bitcoin will just always play in the shadow. 
Paper money is going to keep existing but as we have seen paper money is going out and instead people are using electronic means of payment instead.
I think you paid attention to the fact that all banks and government enterprises commas when paying on the account always offer the use of credit cards or in another way. By cashless settlement And for this, some bonuses are offered, those who are calculated by bank transfer. Thus contributing to the withdrawal of paper money from everyday life.
Paper money is going to keep existing but as we have seen paper money is going out and instead people are using electronic means of payment instead.
For me personally, paper money always liked and I would not refuse to use them further. Although their future is ambiguous and increasingly pay attention to the fact that even the authorities of different countries are beginning to transfer more people to non-cash payment.
Sooner or later people will forget that they ever use paper money. The non cash payment system is the future, with or without bitcoin the bank is going to make non cash payment system into something that the society will use. It might be atleast 20 years from now on but sooner or later it will happen
Maybe, someday digital money will be the main, but I think paper money will never be eliminated, because paper money is a currency that is simple and easy to use. I think it's the perfect shape to use in the real world.
There is some dissadvantage of paper money that will makes people think twice to keep using it. First, the endelss printing will make it worthless, second it is easily rip and burn, third exchange money is always needed so it is not so practicall to use.Concerns about ID security and such really are not taking into account that creating fake physical credit cards, ID's and such is easier than software hacking.
Paper currency has a short life span.
Maybe, someday digital money will be the main, but I think paper money will never be eliminated, because paper money is a currency that is simple and easy to use. I think it's the perfect shape to use in the real world.
There is some dissadvantage of paper money that will makes people think twice to keep using it. First, the endelss printing will make it worthless, second it is easily rip and burn, third exchange money is always needed so it is not so practicall to use.Concerns about ID security and such really are not taking into account that creating fake physical credit cards, ID's and such is easier than software hacking.
Paper currency has a short life span.
I think the paper money in the future will replace, this is because the State will use digital money, fundamental things that must be resolved is the paper money of the crime-prone and could not be controlled.
No. Paper money will still exist along with cryptocurrency because people still need paper money to use for many small purposes in the real life. And we still need someone to control the money so that they can authorized the transaction and avoid scammersYeah and considering that we are currently in a time when there is always a threat of war and terror, it's hard to imagine digital currencies thriving under such circumstances by itself. We will always look to paper money for basic transactions
Truly. Let's just say we will have currencies which differs from digital (cyber) and real world. So for you to interact and do some transactions in the cyber world you will need its own digital currency and the best cryptocurrency currently is bitcoin while in the real world you need to use fiat to do some basic transactions. The point is cryptocurrency and fiat has its own field to shine so no need to make the other replaced or disappear if they can coexist together.
I think that once everyone has a smartphone in their hands it will end, whether there is Bitcoin there to help or not. It is close. The smartphone can replace paper currency, identification methods and basically everything that someone carries in their wallet, right down to photos
I think the paper money in the future will replace, this is because the State will use digital money, fundamental things that must be resolved is the paper money of the crime-prone and could not be controlled.
No. Paper money will still exist along with cryptocurrency because people still need paper money to use for many small purposes in the real life. And we still need someone to control the money so that they can authorized the transaction and avoid scammersYeah and considering that we are currently in a time when there is always a threat of war and terror, it's hard to imagine digital currencies thriving under such circumstances by itself. We will always look to paper money for basic transactions
Truly. Let's just say we will have currencies which differs from digital (cyber) and real world. So for you to interact and do some transactions in the cyber world you will need its own digital currency and the best cryptocurrency currently is bitcoin while in the real world you need to use fiat to do some basic transactions. The point is cryptocurrency and fiat has its own field to shine so no need to make the other replaced or disappear if they can coexist together.
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Paper money would still exist longer.Most people in the world still don't know about digital transactions and they believe that paper money is the real money which they could feel in their hands.It will take much time for them to change to digital transactions.Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
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