The future of the paper money - page 106.

goldcoinminer

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Quote from: Xenophoto on May 25, 2017, 11:56:13 PM

Quote from: MarconyGL on May 25, 2017, 10:35:16 AM

Quote from: fujyo86 on May 25, 2017, 10:30:17 AM

Paper money slowly will continue to diminish its use in public life. Advanced society and modern technology will help accelerate use of bitcoin. Paper money will evolve in better forms and facilities in the future.

Paper money will decrease, but will not disappear completely. Many people like to feel real money in their hands and keep them in a safe because they do not trust the Internet any more.

These people are delusional. We already have an advanced society, it is us, the Millennials. The modern technology, we already have that as well. Is is accelerating the mass adoption process? Kind of, but not really. Only those that are interested in bitcoins are using bitcoins right now.

Paper money will decrease? Oh my, have you guys ever heard of inflation? The government is making paper money out of thin air. You want to get a loan, the government would just swoosh their magic wand and Voila! there you go, tons of money from thin air. Paper money is continuously printed out today so you'd see that your currency is constantly devaluing.

That's not good, I am happy there is bitcoin who works completely different from the government. Decentralized
gives transparency and privacy to us people, with bitcoin they cannot control it and price will increase..
Also, it's not only currency but a big investment as well.

rhamzter

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I think paper money was not dissolve in the market. Although the value of paper money was fluctuating due to digital currency they still used by people as exchange of goods and services. Also, most of the people were not familiar to the digital currency that's why they still using the paper money.

Xenophoto

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Quote from: MarconyGL on May 25, 2017, 10:35:16 AM

Quote from: fujyo86 on May 25, 2017, 10:30:17 AM

Paper money slowly will continue to diminish its use in public life. Advanced society and modern technology will help accelerate use of bitcoin. Paper money will evolve in better forms and facilities in the future.

Paper money will decrease, but will not disappear completely. Many people like to feel real money in their hands and keep them in a safe because they do not trust the Internet any more.

These people are delusional. We already have an advanced society, it is us, the Millennials. The modern technology, we already have that as well. Is is accelerating the mass adoption process? Kind of, but not really. Only those that are interested in bitcoins are using bitcoins right now.

Paper money will decrease? Oh my, have you guys ever heard of inflation? The government is making paper money out of thin air. You want to get a loan, the government would just swoosh their magic wand and Voila! there you go, tons of money from thin air. Paper money is continuously printed out today so you'd see that your currency is constantly devaluing.

ArnoldChippy

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Quote from: Creepings on May 24, 2017, 09:27:03 PM

Quote from: Pemburu1 on May 24, 2017, 02:21:53 AM

Quote from: randy8777 on September 21, 2015, 02:35:14 AM

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.

Yes I really agree with you

Where technology continues to grow.
Where everyone will need technology wherever and whenever people no longer use paper money to buy goods or any shopping.

Paper money will stay almost forever, how can you say that it will just last that short time? Without paper money or fiats, bitcoin is worthless, you even need to convert your bitcoin so you can use it efficiently especially in third world country where bitcoin is not really popular or known. Fiats will be replaced by digital currency if ttansactions are fast, if everyone wants to use bitcoin with anonymity and with bitcoin being centralized, and no one would like that.

i think paper money will stay for a long time. tell people start using bitcoin or any other currency instead of fiat, and i think it can only be possible if bitcoin can provide you all the facilities that we are receiving from fiat, we are using fiat for completing all our necessary and is also accepted everywhere. but think for bitcoin it is not so much possible as soon, i think it will take a lot of time when all the people of the world will start using bitcoin and when we will become able to use bitcon for everything in our life.

Winner

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Paper Money might be used in the near future, I think that there would be a discount for using green-friendly items that allow people to pay using something other than fiat. If Bitcoin is one of the things that people will try to use in the near future then I would think that people would try to build apps that allow for a faster confirmation instead of what they have right now. Maybe they will be in direct contact with a Bitcoin miner.

wahb

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Quote from: AjithBtc on May 24, 2017, 09:36:46 PM

Paper money will continue to be used forever, though Countries focus on digitalization of the entire economic system as well the currency. There are several nations that are in plans of generating their own digital token providing specific value and usage accessibility. Few has described it as an way of digitising the paper money. Paper money is the basic of money ecosystem, eliminating it will be a fall to entire currency network.

yes paper money will still continue to be use, but not for ever, i think it will depend on the interest of the people and the facilities that we can get from bitcoin. if people are taking interest in bitcoin and they are going to use bitcoin instead of fiat and bitcoin can also provide us asll the facilites that we are getting and using from bitcoin then bitcoin will become more and more popular and people will then stop using fiat and will start using bitcoin in daily life. but i think it will take some good time.

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Quote from: fujyo86 on May 25, 2017, 10:30:17 AM

Paper money slowly will continue to diminish its use in public life. Advanced society and modern technology will help accelerate use of bitcoin. Paper money will evolve in better forms and facilities in the future.

Paper money will decrease, but will not disappear completely. Many people like to feel real money in their hands and keep them in a safe because they do not trust the Internet any more.

fujyo86

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Paper money slowly will continue to diminish its use in public life. Advanced society and modern technology will help accelerate use of bitcoin. Paper money will evolve in better forms and facilities in the future.

Xenophoto

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Quote from: Creepings on May 24, 2017, 09:27:03 PM

Quote from: Pemburu1 on May 24, 2017, 02:21:53 AM

Quote from: randy8777 on September 21, 2015, 02:35:14 AM

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.

Yes I really agree with you

Where technology continues to grow.
Where everyone will need technology wherever and whenever people no longer use paper money to buy goods or any shopping.

Paper money will stay almost forever, how can you say that it will just last that short time? Without paper money or fiats, bitcoin is worthless, you even need to convert your bitcoin so you can use it efficiently especially in third world country where bitcoin is not really popular or known. Fiats will be replaced by digital currency if ttansactions are fast, if everyone wants to use bitcoin with anonymity and with bitcoin being centralized, and no one would like that.

Way to go for seniority again. Fiat has been around first and people use it for so long. People got used to it already and so this new currency, the bitcoin, would have to adopt first. But let's say that we have bitcoin first, there's no way that fiat will replace it since people would think why would they want to have a currency that's totally controlled by the government. A currency like fiat will never prevail since the government can inflate it as much as they want and they can stop accepting it the moment they want to.

the rise

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We were born in the era of paper money, and the history of internet technology has not reached all over the world. It took hundreds of years to make people into digital generation, in this case bitcoin is the latest innovation to bring about change in the future. I think paper and metal currencies will remain forever, even bitcoin will also adapt them.

btcjoin14

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If I wanted to purchase something that is off the Internet then I would try to use some kind of fiat instead of trying to purchase it with a Digital Currency because the people that manage the stores don’t really know about the whole Digital Currency thing as of yet. Bitcoin is not that well known and because of that fact, I don’t really like to spend it that much unless I wanted to get rid of the coins that I have in my Bitcoin account.

kalzonesaredelicious

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paper money still has its uses. For example, if a rapper wants to shoot a music video how is he going to show off his wealth? just kidding. i think paper money in the future will be more ornamental than functional. there may be several merchants that quit the usage of paper money altogether as the world moves onto digital currency.

bamboylee

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Quote from: 2bfree on May 03, 2017, 12:56:42 AM

If you don't like freedom then paper money is not good for you. So I don't think paper money has a long future. That is my guess.

on the contrary paper money is what we have accustomed to use. it is negotiable in all merchants. so therefore it will still be utilise in the near future and i believe it can never be replaced by any kind of cryptocurrency,etc.

AjithBtc

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Paper money will continue to be used forever, though Countries focus on digitalization of the entire economic system as well the currency. There are several nations that are in plans of generating their own digital token providing specific value and usage accessibility. Few has described it as an way of digitising the paper money. Paper money is the basic of money ecosystem, eliminating it will be a fall to entire currency network.

Creepings

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Quote from: Pemburu1 on May 24, 2017, 02:21:53 AM

Quote from: randy8777 on September 21, 2015, 02:35:14 AM

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.

Yes I really agree with you

Where technology continues to grow.
Where everyone will need technology wherever and whenever people no longer use paper money to buy goods or any shopping.

Paper money will stay almost forever, how can you say that it will just last that short time? Without paper money or fiats, bitcoin is worthless, you even need to convert your bitcoin so you can use it efficiently especially in third world country where bitcoin is not really popular or known. Fiats will be replaced by digital currency if ttansactions are fast, if everyone wants to use bitcoin with anonymity and with bitcoin being centralized, and no one would like that.

Pemburu1

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Quote from: randy8777 on September 21, 2015, 02:35:14 AM

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.

Yes I really agree with you

Where technology continues to grow.
Where everyone will need technology wherever and whenever people no longer use paper money to buy goods or any shopping.

batang_bitcoin

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Quote from: Kotone on May 23, 2017, 08:26:12 AM

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.

Actually I'm thinking that paper money will be obsolete very soon. But I know that there will be other plans for the paper money in each country. And the people will always be familiar and used to use paper money for buying goods. There are people that will not accept such as virtual money like bitcoin so they will stick to paper money.

Zooplus

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Quote from: Fatanut on May 24, 2017, 02:03:25 AM

Quote from: Malsetid on May 23, 2017, 01:01:03 PM

Quote from: Mia Wallace on May 23, 2017, 09:53:08 AM

Quote from: Kotone on May 23, 2017, 08:26:12 AM

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.

Paper currency is here to stay for the long haul and no matter how digitized we may become fiat will be used and it is really difficult to change the perception of humans to change their methods entirely.So that is what i think about this topic.

I agree with both of you here. Although other form of currencies are coming out these days, I think one that would stand out and endure would be paper money. People will always have the need to have a currency that they can physically hold in their hands and paper money basically has been the currency most of us have been used to. It would take a drastic change in society for this to change

It's already 2017 and the Millennials are already taking over. People don't settle with the traditional way of things anymore. People settle with the best thing for them. If they found bitcoin to be the best for them, then they'll use it. I'm a Millennial as well and 95% of my money is on bitcoin. The rest are converted in fiat just so I can survive since there's not much merchants in my place accepting bitcoin yet.

If more and more people use bitcoin, the only ones that will continue to use paper money are the older ones and those that don't have access to the Internet. Eventually, everyone will adopt to the situation, the older ones will die, and bitcoin will be used more than paper money.

You played a risky game, 95% is too risky but I will not blame for that because currently you are getting
more benefits than diversifying that amount.

Fatanut

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Quote from: Malsetid on May 23, 2017, 01:01:03 PM

Quote from: Mia Wallace on May 23, 2017, 09:53:08 AM

Quote from: Kotone on May 23, 2017, 08:26:12 AM

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.

Paper currency is here to stay for the long haul and no matter how digitized we may become fiat will be used and it is really difficult to change the perception of humans to change their methods entirely.So that is what i think about this topic.

I agree with both of you here. Although other form of currencies are coming out these days, I think one that would stand out and endure would be paper money. People will always have the need to have a currency that they can physically hold in their hands and paper money basically has been the currency most of us have been used to. It would take a drastic change in society for this to change

It's already 2017 and the Millennials are already taking over. People don't settle with the traditional way of things anymore. People settle with the best thing for them. If they found bitcoin to be the best for them, then they'll use it. I'm a Millennial as well and 95% of my money is on bitcoin. The rest are converted in fiat just so I can survive since there's not much merchants in my place accepting bitcoin yet.

If more and more people use bitcoin, the only ones that will continue to use paper money are the older ones and those that don't have access to the Internet. Eventually, everyone will adopt to the situation, the older ones will die, and bitcoin will be used more than paper money.

stadus

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Quote from: Superways on May 23, 2017, 04:52:31 PM

Quote from: White Christmas on May 21, 2017, 08:08:40 PM

Quote from: edward222 on September 21, 2015, 03:24:40 AM

Paper money will stay forever.
Why? Because its easier to make than coins.

Yes it will still remain because its a global currency that almost all the country used. Paper money has a big role in this world. I think bitcoin will not replace it because some government didn't accept other type of money especially if its by technology.

I will say that the future is of bitcoin and if other countries will see the value of bitcoin in the future and will see its importance then they will also adopt it and will legalize it for their citizens and will use bitcoin instead of fiat which they belong to.

There is no way to go but up, bitcoin is a success and small countries will follow in due time, I believe we just need to wait for a little time because we they can fully accept bitcoin. Trend of this world is going digital so there is a good chance massive adoption will happen when they will be aware and educated.

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