Topic: The future of the paper money - page 110. (Read 416603 times)
I think paper money will stay maybe bitcoin can make a higher value but money is the easiest way to buy something you need or you want.
Paper money's future still be the same only that it will be lessen in usage due to bitcoin digital currency is the mostly used currency in the future years to come. Hopefully this will be happening so that bitcoin price will be more stable in the marketplace just like the fiat money currency money. Bitcoin that time wil be the most profitable investment to have amd paper money will be reduced in spending and exchanges but it will not vanish in banking because offline using still remains like in local wet markets and those who doesn't knew how to use the digital world of internet transactions, because bitcoin needs to be accessed through online network.
Bitcoin isn't going to affect physical currency much. The ratio of people using Bitcoin to conduct commerce vs. using it to gamble, either by buying speculatively or using it to skirt casino or sport book restrictions, is extremely small. The thing that is going to diminish physical fiat's use is digital fiat. Most transactions are already digital, and easier than blockchain technology
Well, now I seem to understand the difference between your reasoning and mine
In short, you don't look deeper besides what's on the surface taking into account only direct effects, and thus jump to premature conclusions. This post of yours is a perfect example of that. You basically state that Bitcoin cannot affect fiat since the former is not used in conducting commerce (i.e. Bitcoin is not used as a currency). This point itself can hardly be challenged since it is a fact of life (with which I totally agree, just in case). But this is not the only route via which Bitcoin can and does in fact affect fiat (physical or digital). You forget that fiat itself is not only about commerce and being a currency. It is also a speculative asset on its own and a store of value (another fact of life), and this is exactly where Bitcoin hits hardest. But since fiat here and fiat there it is still the same fiat (both physical and digital), Bitcoin necessarily affects them both even if indirectly and even if Bitcoin itself is not used to conduct real business as you state
Paper money's future still be the same only that it will be lessen in usage due to bitcoin digital currency is the mostly used currency in the future years to come. Hopefully this will be happening so that bitcoin price will be more stable in the marketplace just like the fiat money currency money. Bitcoin that time wil be the most profitable investment to have amd paper money will be reduced in spending and exchanges but it will not vanish in banking because offline using still remains like in local wet markets and those who doesn't knew how to use the digital world of internet transactions, because bitcoin needs to be accessed through online network.
Bitcoin isn't going to affect physical currency much. The ratio of people using Bitcoin to conduct commerce vs. using it to gamble, either by buying speculatively or using it to skirt casino or sport book restrictions, is extremely small. The thing that is going to diminish physical fiat's use is digital fiat. Most transactions are already digital, and easier than blockchain technology.
Paper currency were still used even digital currency era has come. Because this currency were symbolize each nation. But I don't think so if the value of paper currency were still stand in the original. Maybe it depends on the fluctuating of digital currency in the market.
I agree with you I think it takes a decades before paper currency were diminish in the market 
I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
Paper currency were still used even digital currency era has come. Because this currency were symbolize each nation. But I don't think so if the value of paper currency were still stand in the original. Maybe it depends on the fluctuating of digital currency in the market.
I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
I'm not sure about paper, but some physical representation of value will exist forever.
Of course modern fantasy films show the future this is what money people use in the future. But it seems to me that nothing like this will happen and paper money will exist very very long. No one will give real wealth to the hands of the man, but the government will still entrust the equivalent paper to people as it does now. I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
Bitcoin is good for the fore because the turnaround is very fast
I'm not sure about paper, but some physical representation of value will exist forever.
I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
exactly. although these digital currencies would make life a lot easier for us, there's no denying the need for a physical currency in our everyday expenses. and accessibility to the internet is not enjoyed by everyone so this would be a big challenge for non fiat currencies to topple.
Paper money will exist in the near future. Look at the most technologically advanced countries (Singapore, Japan.etc). The usage of paper money is almost the same as that in the developing nations.
Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.
yeah every country has a different time period may be for the USA who already advanced. they would sooner leave paper money and switch to digital money faster than other countries ?It would also be different per country I think.
Even the others, the prepared money is the cash because you can handle every where unlike bitcoin that need to use an internet before they proceed to process.
in Business topic I think this will be the most demand currency especially in the investor.
Paper money has been around for over a hundred years. There is nothing wring with the concept of paper money. What is wrong is the people who got greedy behind it. The concept is good and more convenient in transactions especially a fast pace transactions in personal. Bitcoin or cryptocurrencies are good concept but it is in the future. Not all people can't afford the medium behind bitcoins transactions. Fiat will last for at least 80 years.
I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
Yes, there must always be options for the possibility of performing financial transactions. Thus, paper and electronic money will exist forever.
I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
exactly. although these digital currencies would make life a lot easier for us, there's no denying the need for a physical currency in our everyday expenses. and accessibility to the internet is not enjoyed by everyone so this would be a big challenge for non fiat currencies to topple.
I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
I do not think there is a future of paper money. Paper money will have been totally diminished.
It will be but it takes time to make it happen, I do not know when but the new technology cannot be easily instill to the minds of the people and we cannot convince them to learn how to use digital currencies since most of them lack education that is required to easily comprehend things.Jump to: