Topic: The future of the paper money - page 12. (Read 416554 times)
Notwithstanding, paper money will always survive as people who are not aware of technologies or don't have a constant acces to the Internet, or who are poor and illiterate will always prefer to use paper money as they find it very easy to use it.
Not only the people of third world countries, every country continues using paper money even if bitcoin is accepted in most of the countries and by most of the government. This is due to the ease of usage which can't be provided by any of the currencies.
The future of the paper money is very bad if you ask me due to the fact everything is gonna be digital soon or later. Its just a matter of time in my opinion before it will happen.
I think the future of paper money is we will still be good at all, why? Because almost all people in this world is need papet money so they can survive in this world and i know to myself that thete no chance that the paper money is we wil gone in the future. 
Well we should be discussing the future of crypto as I think crypto is still the alternative culture. The mainstream is still and will always be paper money. Think of this like pop music, even during the era of led zepelin, popstars ruled the charts. Eddi Van Halen's biggest hit song is a pop song. Today Bieber earns much more than Metallica or Trivium do! We as a collective could not end the pop culture then how do we expect to end paper money when it has legitimate reasons to exist. 
We will be childish enough to think that everyone has access to bitcoins. This thinking is just plain hyperbole.
We will be childish enough to think that everyone has access to bitcoins. This thinking is just plain hyperbole. 
Making paper money is very costly. Crypto money should replace paper money and people should opt to use crypto money. It will take time for the paper money to disappear. Paper money continues to live in places where there is no tekonology and the internet. I think kirpto money is a serious option against paper money.
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.
Bitcoin is great attempt of little individuals to control their future.
Be that as it may, we will never motivate opportunity to grasp our predetermination.
They won't let this happen!
Be that as it may, we will never motivate opportunity to grasp our predetermination.
They won't let this happen!
Can be said that big paper money exams happen soon, this is because many countries are focusing to develop digital money so it can be sure that one day the use of paper money continues to decrease and of course immediately disappear.
I think that paper money will eventually disappear but not in the nearest future. It doesn't mean that another form of solid currency will not exist. It will, but in some other form than paper I think. The non-cash currencies will be in the major someday.
My submission on this is that paper money had been masterminded by so many countries that hardly could any other form of money replace this in their life existence, except in Developed countries and or Developing countries. Majority of the under developed countries are still yet to give their support to Bitcoin because of their little or lack of knowledge of same. The awareness of this on line digital currencies is just on the rampage anyway. So, I feel in the future , there shall be acceptability of Bitcoin but as an alternative currency in parallel with Fiat money in circulation.
Will the paper money be here? The government wants to protect the paper money. In addition, the government wants to create its own digital currency. So the states do not allow paper money to be lost, there will be more digital money in the future, but certainly the paper money will continue to exist.
- I agree with your thinking, the government will find ways to maintain and protect the paper money, paper money is too convenient in life, without it, all transactions will become quite troublesome to us. Something that should be simple, let's be simple, we should not complicate matters, it just makes us fall into situations that are difficult to resolve and funny, paper money is a tool that is indispensable, society becomes modern or develop stronger, that also can not change the position of paper money
Regardless of crypto currency paper money is destined to disappear. Many north european countries are already running mostly cashless, to the point that many smaller merchants (but also very big ones) do not take cash but only cards. The Netherlands is a very good exmaple of this, where you can pay with cash only in very specific type of locations.
Bitcoin is a crypto paradise that is supposed to replace paper money. The king of the market, bitcoin, will make paper money die. The use of paper money is low. Today, most people use credit cards. Only three percent of the national currency amount in the banks is paper money, the rest is virtual money.
There is a big possibility that paper money in the near future will be vanish, because we are at the middle of digital age and we already started using electronics money in most part of our monetary transaction like buying good and services using electronics card, so as time goes by our world continue to be at the top of digital age and all transactions are done electronically and no more people hold paper money.
I think paper money would still exist because it is more reliable compared to the electronic one. Since the world was not totally engage with pure technology I think paper money would still exist because not all of us are fully accessible in technology many of us are illiterate in technology because not all of our place is highly civilized so that still paper money would still exist till the end of our lives I think based of y own beliefs and principles in life.
Paper money will definitely be around for the next couple of years. Making paper money disappear and making everything digital would be a huge task that would require planning and quiet some years for it to happen. But it can surely happen that in the future everything will be digital.
Paper money will last for another 5 years maximum. After 5 years all the paper money in the world will be burnt I think and that is the day when Bitcoin and other crypto currencies start dominating the world in full, this future currency will last for another 100 years from now.
Bitcoin is a crypto paradise that is supposed to replace paper money. The king of the market, bitcoin, will make paper money die. The use of paper money is low. Today, most people use credit cards. Only three percent of the national currency amount in the banks is paper money, the rest is virtual money.
There is a big possibility that paper money in the near future will be vanish, because we are at the middle of digital age and we already started using electronics money in most part of our monetary transaction like buying good and services using electronics card, so as time goes by our world continue to be at the top of digital age and all transactions are done electronically and no more people hold 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?
Paper money has historically been one of the most widely used and familiar currencies, but in many developed economies, they no longer use paper money as China does, They started using the smallest items of goods with the QR code. Probably paper money in the future will no longer exist. 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?
There will be a nice future for the paper money and thats because paper money will always be there and will never disappear a time. Bitcoins are nothing without trader's activity so dont think bitcoins take over the world it wont happen thats what i know.
Do not have to worry about the future of paper money, as long as there is a central bank then paper money will continue to exist and I am sure until whenever paper money will be restrained, this is because the transaction with paper money faster, can be done anyone and anywhere without having to depend on the internet.
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