Topic: The future of the paper money - page 11. (Read 416554 times)
More and more people will enter the world of bitcoin for sure but that doesn't mean that paper money would simply disappear, it will survive till end, even if everything goes digital there will be few users who will use only paper money.
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?
my paper money will still exist even though crypto is used by everyone in the world because paper money is needed to do macro transactions which is certainly difficult to be done by digital currency 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 will still useful for other countries but for those who accept cryptocurrency paper money is not be useful as like this time.
Why do people choose bitcoin? Because the transaction of bitcoin is easier than sending paper money.
Why do people choose bitcoin? Because the transaction of bitcoin is easier than sending paper money.
I think it is just strategical and reasonable to do with the country of UK, Because as of now they have a very good economy, and poverty levels in thst country are very low. If this however, was done in an Asian country like tge Philippines, people would struggle since in that ciuntry not all have access to the internet. And as of now I think this measures are just experimental.
In poorer countries where people do not have access to the Internet and are not accustomed to the digital world, paper money will continue to be used, but modern countries will use crypto currency instead of paper currency.
Paper money will not dissapear for a long time because i can't even imagine system that will be unhackuble for others and changing everything into digital is to hard.
I agree with your opinion. Only people imagine that the future will be all-digital. No, it will not be possible. If true paper money will soon disappear. We wait till that happens. And if possible. Will God always give a long life. Hopefully.
I believe fiat will always be around as long as governments are in control. That being said I believe they will integrate certain coins with use cases into their framework as crypto is massively adopted. An ICO I believe in whose goal is to lead Crypto into massive adoption is : https://bitcointalksearch.org/topic/m.31823480
Once massively adopted you would have a hybrid system that ran on both fiat and crypto for certain things it's massively adopted for.
Once massively adopted you would have a hybrid system that ran on both fiat and crypto for certain things it's massively adopted for.
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 it is true. Most of the governments will like to control currency and want to track all the transactions who has done what to protect the system. So as of now this is not possible in bitcoins because they can only trace the transactions but very difficult to find out who as done the transactions so paper or fiet money will be there for ever
Paper money will not dissapear for a long time because i can't even imagine system that will be unhackuble for others and changing everything into digital is to hard.
the future of paper money cannot be predicted now until there is total acceptance of digital currencies most especially in the economy of the developed world.countries like china and korea needs to adopt digital currency.
I can't predict what will be the future but for me paper money will stay forever even how we are introduced in new technologies there are still people who don't knew how to used it how much more the crypto world.
Reality is we still used our paper money and save our coins for we want it to save it and spend our money to pay bills or buy some stuff.
The use of paper money will continue decreasing because of the increasing use of crypto currency, but still it will survive for a long long time, because people will try to use both crypto currency and fiat currency also. but in modern time it is expected that the use of bitcoin will increasing because of the increasing interest of the people in bitcoin and also because of the facilities that are expected to get from bitcoin/ Reality is we still used our paper money and save our coins for we want it to save it and spend our money to pay bills or buy some stuff.
The state will protect paper money forever, this is because not everyone can use the internet, in addition if it is too dependent on the server then if there is a disruption of course has a big impact because everyone can not transact.
i think everything have its own value same like paper money have his own value and its very hard that paper money will be end i think bitcoin can lead by any other currency and its use can also be increased but to end paper money its a bit hard because a lot of people around the world they are not going to understand digital currencies.
I doubt that paper money will disappear anytime soon, there are too many people that would be in opposition of taking paper money out of the economy. There is a good feeling when you have bitcoin in your wallet as well, so I would want to see paper money phased out either.
the future of paper money is safe as I don't think that bitcoin can have an impact on it as people will use only those currency that they are comfortable and they will continue to use which is easy for them.
Bitcoin is very easy for you and you will any time sell and buy it, so that's why you can anything buy from online shopping by bitcoin and i think it will very promote in future and everyone want to join bitcoin for some extra income and that's why bitcoin will most popular than paper money and the future of paper money will continue in those people who want real payment in market.
If the rise of cryptocurrenies has taught us anything, it's that eliminating cash doesn't eliminate black markets. Hidden in the shadowy corners of the internet, online illegal activity is thriving thanks to the birth of bitcoin and other seemingly untraceable payment system. As nation around the world abandon cash in favour of mobile banking, we may well be witnessing the demise of physical money.
I can't predict what will be the future but for me paper money will stay forever even how we are introduced in new technologies there are still people who don't knew how to used it how much more the crypto world.
Reality is we still used our paper money and save our coins for we want it to save it and spend our money to pay bills or buy some stuff.
Reality is we still used our paper money and save our coins for we want it to save it and spend our money to pay bills or buy some stuff.
Not everyone has internet connection that is why goverment will protect paper money as long as they could do that. For me in next 20 years crypto will be used at the same level like paper.
paper money will always exist,it never have ending,you know so many countries use paper money for payment. but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
I think, in the paper money has no future. Sooner or later, electronic money will replace them. This process has already begun and it will only grow in the future. And rightly so, because such a system is very convenient
Because the paper money really is outdated by our needs so the new cryptocurrency is born. The platform of blockchain technology for security, anonymity and fairness in such transactions will be the trend of currency use in the world.
I think, in the paper money has no future. Sooner or later, electronic money will replace them. This process has already begun and it will only grow in the future. And rightly so, because such a system is very convenient
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