digital money more safer than paper money... future is digital concept
It's not only that we use because it is safe, what matters is to serve all the people and digital money is not for the poor. Paper money is very simple to use and there is no problem with using it, I guess it is also safe in the sense that your money is not vulnerable to hacks. Depends actually on your status in life, poor people has no interest with digital currency and paper money already gives convenience to them.
Topic: The future of the paper money - page 118. (Read 416566 times)
digital money more safer than paper money... future is digital concept
It's not only that we use because it is safe, what matters is to serve all the people and digital money is not for the poor. Paper money is very simple to use and there is no problem with using it, I guess it is also safe in the sense that your money is not vulnerable to hacks. Depends actually on your status in life, poor people has no interest with digital currency and paper money already gives convenience to them.digital money more safer than paper money... future is digital concept
It's not only that we use because it is safe, what matters is to serve all the people and digital money is not for the poor. Paper money is very simple to use and there is no problem with using it, I guess it is also safe in the sense that your money is not vulnerable to hacks. Depends actually on your status in life, poor people has no interest with digital currency and paper money already gives convenience to them.
digital money more safer than paper money... future is digital concept
It's not only that we use because it is safe, what matters is to serve all the people and digital money is not for the poor. Paper money is very simple to use and there is no problem with using it, I guess it is also safe in the sense that your money is not vulnerable to hacks. Depends actually on your status in life, poor people has no interest with digital currency and paper money already gives convenience to them.
digital money more safer than paper money... future is digital concept
It's not only that we use because it is safe, what matters is to serve all the people and digital money is not for the poor. Paper money is very simple to use and there is no problem with using it, I guess it is also safe in the sense that your money is not vulnerable to hacks. Depends actually on your status in life, poor people has no interest with digital currency and paper money already gives convenience to them.digital money more safer than paper money... future is digital concept
both of them is safe, its depending about your privacy, and how you safe it.
if you safe your bitcoin at online wallet then somone hack your account, you will lost too
digital money more safer than paper money... future is digital concept
both of them is safe, its depending about your privacy, and how you safe it.
if you safe your bitcoin at online wallet then somone hack your account, you will lost too
Well nowadays, you can lose money wherever you put it. Be it in a bank or an online waller, or on a piggy bank at home. Safety would be up to the person himself. You would have to make certain measure to make your savings, either btc or fiat safe from people who would like to take advantage.
digital money more safer than paper money... future is digital concept
The digital money is not safe as of now because there is a lot of things to consider like the security which is very vulnerable for the professional hackers, so if you are planning to place your money in the internet to make it digital then you are risking yourself and you are prone to digital attacks that can lead to money loss. Then what are you doing in here? It's ironic that you don't trust digital money and you're thinking that the security is low but you trust bitcoin enough to use it. You should have withdrawn all of your bank money and all of your bitcoins by the time that you realized all that. Yet here you are.
You hear hackers stealing this and that but that doesn't mean that they are going to steal your money specifically. They would target online wallets or even exchanges. They will target something big. To make your bitcoins safe, which is also a digital money by the way, you should create a desktop wallet or even a paper wallet. You hear in the news people getting hacked and getting tricked, but that's their fault. They didn't secure their money enough.
In addition, your money in the banks are also digital money. But have you heard people that have been using the bank you're using that some of their money just went missing all of a sudden.
digital money more safer than paper money... future is digital concept
both of them is safe, its depending about your privacy, and how you safe it.
if you safe your bitcoin at online wallet then somone hack your account, you will lost too
The future of paper money is still bright and shining just like in bitcoin but i think most of the people here think that bitcoin will replace the paper money which is i don't think will happen because there is a lot of problems for bitcoin to be a replacement for paper money like the approval of the government and being anonymous which the government didn't like about bitcoin.
Yes sure, Bitcoin can never replace paper money! But I have doubt if paper money has glorifying future because trend says its use getting decrease day by day whereas bitcoin is being increasingly used. So by percentage change we can say bitcoin doing better than paper money.
Paper money is probably the most used payment method in the world,being used daily by almost every human on earth.
"People prefer to use digital money to shop in stores"- again, where did you get that info from?, 99.99% of the stores on earth doesn't even accept digital currencies.
You should review your message before posing it as it makes nonsense.
digital money more safer than paper money... future is digital concept
The digital money is not safe as of now because there is a lot of things to consider like the security which is very vulnerable for the professional hackers, so if you are planning to place your money in the internet to make it digital then you are risking yourself and you are prone to digital attacks that can lead to money loss. digital money more safer than paper money... future is digital concept
The digital money is not safe as of now because there is a lot of things to consider like the security which is very vulnerable for the professional hackers, so if you are planning to place your money in the internet to make it digital then you are risking yourself and you are prone to digital attacks that can lead to money loss. 
digital money more safer than paper money... future is digital concept
It's not only that we use because it is safe, what matters is to serve all the people and digital money is not for the poor. Paper money is very simple to use and there is no problem with using it, I guess it is also safe in the sense that your money is not vulnerable to hacks. Depends actually on your status in life, poor people has no interest with digital currency and paper money already gives convenience to them. I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in the middle stage and therefore cannot make paper money to dissappear so quickly.
You don't have to rely on Bitcoin to kill off paper money though. Digital fiat will be the end of paper currency long before bitcoin will. Digital fiat already dominated the US economy. Far more value is exchanged digitally than physically, perhaps even more absolute transactions as well.
Some countries I think would or will replace their paper currency with the digital ones that is those countries who are wealthy but to those who are not might just retain their system as their access in this technological advance can't cope up with their living that is they need cellphones or what to connect to internet and proceed with the transactions. It is natural to think that Bitcoin will be the one to trigger the transformation of fiat to cryptocurrency as it is the leading digital coin and much more reputable and advantageous in many aspects which everyone would like but it may or may not be Bitcoin because the can just create a cryptocurrency to be used within the country in order to replace what they have now so the government can control it but not fully control it if you know what I mean so that they can put come taxes on it.
digital money more safer than paper money... future is digital concept
Who gets in the way of paper money?
I use them often and I have doubts that they will ever cease to exist. Bitcoin is not a competitor to them. This is a completely different system and it does not need to be compared with fiat.
Paper money will cease to exist. First, their production costs money, the second counterfeiting brings damage to the economy, in the third government does not control, and current trends lead to gain control over people. Be it bitcoin or the national currency is not importantI use them often and I have doubts that they will ever cease to exist. Bitcoin is not a competitor to them. This is a completely different system and it does not need to be compared with fiat.
Without telling the specific terms it is no more than empty verbiage
I could just as well claim that everything will cease to exist and now try to prove me wrong. Other than that, even if some stupid government bans cash from circulation today, people will just start using some foreign currency bills and coins tomorrow for cash payments and settling accounts between themselves. There is no point in forbidding something when you lack the power to enforce the ban. Moreover, it will be counterproductive since people will just start distrusting their government even more than usual
Banning the cash transaction can only happen in the extreme situation and people will definitely find a way out to ease their lives
But how are you going to implement this in real life?
The only route that I can think of is not about banning cash as such. It is about declaring bills of certain denominations as no longer valid and legit. In most extreme cases (as you say), a government may just announce that all denominations of cash money are null and void, though when this practice was actually followed in real life, the reasons for that had certainly been different from banning cash itself. Whatever they might be, the effect is essentially the same, i.e. people distrusting their national currency and converting their monetary savings and earnings into some foreign currency (most likely the US dollar)
Who gets in the way of paper money?
I use them often and I have doubts that they will ever cease to exist. Bitcoin is not a competitor to them. This is a completely different system and it does not need to be compared with fiat.
Paper money will cease to exist. First, their production costs money, the second counterfeiting brings damage to the economy, in the third government does not control, and current trends lead to gain control over people. Be it bitcoin or the national currency is not importantI use them often and I have doubts that they will ever cease to exist. Bitcoin is not a competitor to them. This is a completely different system and it does not need to be compared with fiat.
Without telling the specific terms it is no more than empty verbiage
I could just as well claim that everything will cease to exist and now try to prove me wrong. Other than that, even if some stupid government bans cash from circulation today, people will just start using some foreign currency bills and coins tomorrow for cash payments and settling accounts between themselves. There is no point in forbidding something when you lack the power to enforce the ban. Moreover, it will be counterproductive since people will just start distrusting their government even more than usual
Banning the cash transaction can only happen in the extreme situation and people will definitely find a way out to ease their lives.
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 agree, our government always want to have a full control over our currency, either be it local or digital. That's why they are having a hard time accepting bitcoin because they can't control it because of its anonymity. They can't track the transaction so they will not find out who and where the money will go. I guess given the chance that the government can track transaction of bitcoin, I'm sure that they will impose tax even to our earned bitcoin.I'm really curious where you got this idea from or whom
Do you have any evidence to substantiate your claims? As far as I'm acquainted with the question, it is nowhere near to being "a solution to the crisis they have been facing". The Russian Ministry of Finance is just going to treat Bitcoin as a "financial product" starting next year but it is still no more than a proposal only as of yet. I don't think that could even remotely count as a solution to any economic crisis (but you may refer to something else, of course)
The future of paper money is still bright and shining just like in bitcoin but i think most of the people here think that bitcoin will replace the paper money which is i don't think will happen because there is a lot of problems for bitcoin to be a replacement for paper money like the approval of the government and being anonymous which the government didn't like about bitcoin.
Yes sure, Bitcoin can never replace paper money! But I have doubt if paper money has glorifying future because trend says its use getting decrease day by day whereas bitcoin is being increasingly used. So by percentage change we can say bitcoin doing better than paper money.
Paper money is probably the most used payment method in the world,being used daily by almost every human on earth.
"People prefer to use digital money to shop in stores"- again, where did you get that info from?, 99.99% of the stores on earth doesn't even accept digital currencies.
You should review your message before posing it as it makes nonsense.
The future of paper money is still bright and shining just like in bitcoin but i think most of the people here think that bitcoin will replace the paper money which is i don't think will happen because there is a lot of problems for bitcoin to be a replacement for paper money like the approval of the government and being anonymous which the government didn't like about bitcoin.
Yes sure, Bitcoin can never replace paper money! But I have doubt if paper money has glorifying future because trend says its use getting decrease day by day whereas bitcoin is being increasingly used. So by percentage change we can say bitcoin doing better than paper money.
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