The future of the paper money - page 119.

PokerFace3

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Quote from: carlerha on April 25, 2017, 01:40:32 AM

Quote from: jaysabi on April 25, 2017, 12:54:32 AM

Quote from: Oo ako to on April 18, 2017, 03:34:41 AM

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.

i think currency bitcoin do not have the power to kill paper money, i think still paper money is the need of all the people of the world, even those people who are using bitcoin for online as well as for offline purposes, but may be in future when the uses of bitcoin will become so common that every person will start using bitcoin, then may be bitcoin overcome paper money and people stop using paper money at all.

Paper money is used in almost all the world. I have no doubt in saying that bitcoin can never overcome the paper money. We still have a long way to go, to see whether the bitcoin is to beat any other currency or not. The uses of paper money and bitcoin may be the same but there is a huge difference in the characteristics of both of them. A paper money is something which is used without any use of other technology, directly on the spot.

Theb

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Quote from: BillCoin on April 28, 2017, 03:51:31 AM

Quote from: redsun114 on April 28, 2017, 02:25:03 AM

Quote from: speem28 on April 27, 2017, 05:14:08 AM

Quote from: randy8777 on September 21, 2015, 03:35:14 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 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.

but one day government have to accept and adopt bitcoin when their paper money will not have any more value due to large usage of digital currency.

govt is not accepting bitcoin because with paper money they can do corruption and collect black money very easily but bitcoin will not let them to continue corruption.

I believe that if bitcoin is going to be accepted and in the future and is going to replace paper money, then we are going to have some kind of bitcoin paper money.
Bills that contain bitcoin is a must.
There are plenty of places without access to the internet, means they won't be able to transfer bitcoins and the traditional way.

How did you guess that Fiat currency will only stay here for 10-20 more years? Where are you getting your statements? Because clearly there are no news, articles, or any developments of the government of thinking that they will replace the fiat currency. Not unless they want to be replace by the so called cryptocurrency (which is highly unlikely) Fiat Currency is here to stay it has been our common medium of exchange.

BillCoin

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Quote from: redsun114 on April 28, 2017, 02:25:03 AM

Quote from: speem28 on April 27, 2017, 05:14:08 AM

Quote from: randy8777 on September 21, 2015, 03:35:14 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 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.

but one day government have to accept and adopt bitcoin when their paper money will not have any more value due to large usage of digital currency.

govt is not accepting bitcoin because with paper money they can do corruption and collect black money very easily but bitcoin will not let them to continue corruption.

I believe that if bitcoin is going to be accepted and in the future and is going to replace paper money, then we are going to have some kind of bitcoin paper money.
Bills that contain bitcoin is a must.
There are plenty of places without access to the internet, means they won't be able to transfer bitcoins and the traditional way.

redsun114

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Quote from: speem28 on April 27, 2017, 05:14:08 AM

Quote from: randy8777 on September 21, 2015, 03:35:14 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 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.

but one day government have to accept and adopt bitcoin when their paper money will not have any more value due to large usage of digital currency.

govt is not accepting bitcoin because with paper money they can do corruption and collect black money very easily but bitcoin will not let them to continue corruption.

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Quote from: agamasrori on April 26, 2017, 10:14:01 PM

Quote from: MissGrey on April 26, 2017, 09:49:55 PM

Quote from: optigon on April 26, 2017, 06:08:19 PM

Quote from: MissGrey on April 26, 2017, 06:03:09 PM

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

India is not the unique country that has banned higher-denomination banknote, I'm from Venezuela but its the same case I don't think the government will change anything because they are very corrupt.

The government in my country is also corrupt, but I think all the decisions they make have been through good judgment so as not to endanger the country's economy. But I think the government should also be more brave to change their currency with the currency that has been used by several countries together, because the currency will be stronger because it is supported by more than one country. And the money must be minned not printed.

there is no government free from a corruption , you will always find one or two. but yes the problem are on how government too afraid to step forward take a risk for a better future , instead to keep following the main trends of using paper money or something similar like that.

technology actually always intended to make people live in this world easier, so do with bitcoin.

SingAlong

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Quote from: speem28 on April 27, 2017, 05:14:08 AM

Quote from: randy8777 on September 21, 2015, 03:35:14 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 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.

That is the job of the government. Of course government having its authority should impose its authority hence one of those is to put taxes. Though I still think they will recognize and legalize the Bitcoin like Russia who did a U-turn regarding this matter as they see Bitcoin as a solution to the crisis they have been facing. Also it has a good inside in this though like what I read a while ago that by this it will promote the risk of being scammed and serves as a anti-money laundering and also it will protect the freedom that we have today with Bitcoin.

speem28

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Quote from: randy8777 on September 21, 2015, 03:35:14 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 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.

mornabo

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Quote from: Sled on April 26, 2017, 09:48:43 PM

Quote from: mornabo on April 26, 2017, 06:40:31 PM

Quote from: so98nn on April 25, 2017, 11:38:53 AM

Quote from: Hypnosis00 on April 25, 2017, 11:35:29 AM

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.

Bitcoin performs better than paper money does not mean bitcoin can easily replace paper money. I would say true that paper money its use has started to decline every year. Because people prefer shopping by credit card or debit card. They use it because it feels more simple and flexible than paper money

Paper money is one of the most preferred money in the world because cryptocurrencies are just getting started to be popular in different countries and it will take a lot of time for them to dominate or at least get accepted in most of the countries in the world. Cryptocurrencies is the next generation of money but this time is not the right time for them but soon it will be a boomin' market.

For now paper money is still needed for buying and selling activities or transactions Because the current technology is not too advanced. That's why paper money still exist But as the changing times use od paper money will be reduced. To be replaced by cryptocurrency or not. It will be difficult to guess

Wong Gendheng

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I'm sure the future of paper money will disappear, this is because paper money gives rise to many problems. an example is the counterfeiting of money, and the difficulty of controlling the circulation of paper money, the future is digital money.

agamasrori

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Quote from: AjithBtc on April 26, 2017, 10:34:17 PM

Quote from: agamasrori on April 26, 2017, 10:14:01 PM

Quote from: MissGrey on April 26, 2017, 09:49:55 PM

Quote from: optigon on April 26, 2017, 06:08:19 PM

Quote from: MissGrey on April 26, 2017, 06:03:09 PM

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

India is not the unique country that has banned higher-denomination banknote, I'm from Venezuela but its the same case I don't think the government will change anything because they are very corrupt.

The government in my country is also corrupt, but I think all the decisions they make have been through good judgment so as not to endanger the country's economy. But I think the government should also be more brave to change their currency with the currency that has been used by several countries together, because the currency will be stronger because it is supported by more than one country. And the money must be minned not printed.

That is not a possible solution to mine the money that we use in our daily living. Governments can digitise the money which will reduce the production cost, but the features of paper money should never be ignored. People are much adopted to paper money usage, but on digital use fee was levied along with taxes. This needs to be eliminated on digitisation for effective functioning.

I mean money must be obtained from the mine so that inflation will not be easy to happen. So in my opinion paper money should be replaced gold, silver or bitcoin.

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Quote from: MissGrey on April 26, 2017, 09:49:55 PM

Quote from: optigon on April 26, 2017, 06:08:19 PM

Quote from: MissGrey on April 26, 2017, 06:03:09 PM

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

India is not the unique country that has banned higher-denomination banknote, I'm from Venezuela but its the same case I don't think the government will change anything because they are very corrupt.

Yes. but bitcoin is not a currency which need gov support or approval. it is totally decentralization currency. and it is currency of common people. I think people from these kind of countries should adopt bitcoin by individually.

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Quote from: agamasrori on April 26, 2017, 10:14:01 PM

Quote from: MissGrey on April 26, 2017, 09:49:55 PM

Quote from: optigon on April 26, 2017, 06:08:19 PM

Quote from: MissGrey on April 26, 2017, 06:03:09 PM

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

India is not the unique country that has banned higher-denomination banknote, I'm from Venezuela but its the same case I don't think the government will change anything because they are very corrupt.

The government in my country is also corrupt, but I think all the decisions they make have been through good judgment so as not to endanger the country's economy. But I think the government should also be more brave to change their currency with the currency that has been used by several countries together, because the currency will be stronger because it is supported by more than one country. And the money must be minned not printed.

That is not a possible solution to mine the money that we use in our daily living. Governments can digitise the money which will reduce the production cost, but the features of paper money should never be ignored. People are much adopted to paper money usage, but on digital use fee was levied along with taxes. This needs to be eliminated on digitisation for effective functioning.

agamasrori

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Quote from: MissGrey on April 26, 2017, 09:49:55 PM

Quote from: optigon on April 26, 2017, 06:08:19 PM

Quote from: MissGrey on April 26, 2017, 06:03:09 PM

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

India is not the unique country that has banned higher-denomination banknote, I'm from Venezuela but its the same case I don't think the government will change anything because they are very corrupt.

The government in my country is also corrupt, but I think all the decisions they make have been through good judgment so as not to endanger the country's economy. But I think the government should also be more brave to change their currency with the currency that has been used by several countries together, because the currency will be stronger because it is supported by more than one country. And the money must be minned not printed.

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Quote from: optigon on April 26, 2017, 06:08:19 PM

Quote from: MissGrey on April 26, 2017, 06:03:09 PM

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

India is not the unique country that has banned higher-denomination banknote, I'm from Venezuela but its the same case I don't think the government will change anything because they are very corrupt.

Sled

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Quote from: mornabo on April 26, 2017, 06:40:31 PM

Quote from: so98nn on April 25, 2017, 11:38:53 AM

Quote from: Hypnosis00 on April 25, 2017, 11:35:29 AM

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.

Bitcoin performs better than paper money does not mean bitcoin can easily replace paper money. I would say true that paper money its use has started to decline every year. Because people prefer shopping by credit card or debit card. They use it because it feels more simple and flexible than paper money

Paper money is one of the most preferred money in the world because cryptocurrencies are just getting started to be popular in different countries and it will take a lot of time for them to dominate or at least get accepted in most of the countries in the world. Cryptocurrencies is the next generation of money but this time is not the right time for them but soon it will be a boomin' market.

mornabo

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Quote from: so98nn on April 25, 2017, 11:38:53 AM

Quote from: Hypnosis00 on April 25, 2017, 11:35:29 AM

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.

Bitcoin performs better than paper money does not mean bitcoin can easily replace paper money. I would say true that paper money its use has started to decline every year. Because people prefer shopping by credit card or debit card. They use it because it feels more simple and flexible than paper money

BeGoods

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Quote from: blackhawkeye1912 on April 26, 2017, 02:45:21 PM

Quote from: praprata on May 30, 2016, 11:03:49 PM

In the future far from now the paper money will disappear because everything would be digital and nothing will go with paper things anymore.
Its just a matter of time in my eyes.

I do believed that in the future paper money will disappear, and this is also written in the bible that paper money/money will no longer be useful at all in all countries.

Lol is it bible not write about bitcoin which will become popular currency and replace paper money in the future?
I think it happens because of natural processes. Something ancient will be replaced with a new one

optigon

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Quote from: MissGrey on April 26, 2017, 06:03:09 PM

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

MissGrey

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Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

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Quote from: blackhawkeye1912 on April 26, 2017, 02:45:21 PM

Quote from: praprata on May 30, 2016, 11:03:49 PM

In the future far from now the paper money will disappear because everything would be digital and nothing will go with paper things anymore.
Its just a matter of time in my eyes.

I do believed that in the future paper money will disappear, and this is also written in the bible that paper money/money will no longer be useful at all in all countries.

Its really hard to believe that paper money will fully disappear in future as that seems to be unreal to me as there will be many people who will follow the traditional ways of spending their money and will never get into digital world by using bitcoins for making their purchases.

Topic: The future of the paper money - page 119. (Read 416566 times)