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Topic: The future of the paper money - page 121. (Read 416566 times)

newbie
Activity: 41
Merit: 0
April 25, 2017, 11:06:36 AM
bitcoin price will never gone because politician and the whole government will disagree if there will be someone implenting of no papermoney. paper money is the only reason why they can corrupt it . and steal people from the people of each country. but if it will be implemented on transferring the money on a microchip maybe there will be less corruption in the whole world.
Corruption has been and will be always and everywhere. Why do you think that as a bribe not to give the house or trips to a Spa, give the car and a lot more then. We are not interested in money( if you are not a numismatist), we are interested in what you can buy for the money.
hero member
Activity: 910
Merit: 550
April 25, 2017, 11:02:08 AM
bitcoin price will never gone because politician and the whole government will disagree if there will be someone implenting of no papermoney. paper money is the only reason why they can corrupt it . and steal people from the people of each country. but if it will be implemented on transferring the money on a microchip maybe there will be less corruption in the whole world.
legendary
Activity: 1092
Merit: 1000
April 25, 2017, 10:55:09 AM
The paper money period is quite long but it will be replaced with a more secure and comfortable coin, it may take 10 or 20 years.


Even with a duration of 10 to 20 years, we can't be sure that they will be accepting digital currency especially the poor countries. Paper money are the type of money we are used to, so it is really hard adjusting a group of people using these digital currencies. If you ask me, it will be more in the future maybe 100 to 200 years.
I don't agree with you. Everyone now has a mobile phone even in poor countries. It is a potential e-wallet. To teach them to use very quickly. In return, the state will have full control over the money. Do you think this is a weak incentive for the state?
People can accept digital currency but still majority will not be able to comprehend this things easily.
Digital money if for people only who have a business online and if there is no need to do it, why would they adopt.
Now all countries govt are telling people to use digital wallets to do daily business. So if this continues means one day the world will become digitalized. But I am sure the paper currency will never disappear. If suppose it happen in future means it will take a number of years. So I am sure this generation it will not happen.
sr. member
Activity: 714
Merit: 252
April 25, 2017, 10:46:00 AM
The future of money is safe and I don't see it going anywhere as there are many people who feel easy to use paper money and apart from that they don't have any other option of purchasing anything so paper money will always show its presence.

That is very straightforward thinking and indeed true. Paper money is like "I want it with me" thing. You can not really loosen up cash from you. Moreover, my guess is there are people who save their money in hard cash to cut off the taxes by not showing up the money into bank accounts. Why people with billions of dollars would even present their money into banks if the money is coming from wrong way. And I'm guessing there are lot more people like this.  Grin
hero member
Activity: 952
Merit: 500
April 25, 2017, 09:04:22 AM
The paper money period is quite long but it will be replaced with a more secure and comfortable coin, it may take 10 or 20 years.


Even with a duration of 10 to 20 years, we can't be sure that they will be accepting digital currency especially the poor countries. Paper money are the type of money we are used to, so it is really hard adjusting a group of people using these digital currencies. If you ask me, it will be more in the future maybe 100 to 200 years.
I don't agree with you. Everyone now has a mobile phone even in poor countries. It is a potential e-wallet. To teach them to use very quickly. In return, the state will have full control over the money. Do you think this is a weak incentive for the state?
People can accept digital currency but still majority will not be able to comprehend this things easily.
Digital money if for people only who have business online and if there is no need to do it, why would they adopt.
legendary
Activity: 2912
Merit: 1068
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April 25, 2017, 08:53:54 AM
The paper money period is quite long but it will be replaced with a more secure and comfortable coin, it may take 10 or 20 years.


Even with a duration of 10 to 20 years, we can't be sure that they will be accepting digital currency especially the poor countries. Paper money are the type of money we are used to, so it is really hard adjusting a group of people using these digital currencies. If you ask me, it will be more in the future maybe 100 to 200 years.
I don't agree with you. Everyone now has a mobile phone even in poor countries. It is a potential e-wallet. To teach them to use very quickly. In return, the state will have full control over the money. Do you think this is a weak incentive for the state?

I don't think that problem is technology or lack of it but the fact is that world economies are more or less still functioning on conservative and old fashioned way and paper money is part of that. Also national currency is part of national identity and sovereignity and that is also the reason why governments don't like to give that up.
legendary
Activity: 3486
Merit: 1280
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April 25, 2017, 08:45:37 AM
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 important

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
member
Activity: 84
Merit: 10
April 25, 2017, 07:12:28 AM
The paper money period is quite long but it will be replaced with a more secure and comfortable coin, it may take 10 or 20 years.


Even with a duration of 10 to 20 years, we can't be sure that they will be accepting digital currency especially the poor countries. Paper money are the type of money we are used to, so it is really hard adjusting a group of people using these digital currencies. If you ask me, it will be more in the future maybe 100 to 200 years.
I don't agree with you. Everyone now has a mobile phone even in poor countries. It is a potential e-wallet. To teach them to use very quickly. In return, the state will have full control over the money. Do you think this is a weak incentive for the state?
sr. member
Activity: 1638
Merit: 300
April 25, 2017, 07:02:54 AM
The paper money period is quite long but it will be replaced with a more secure and comfortable coin, it may take 10 or 20 years.


Even with a duration of 10 to 20 years, we can't be sure that they will be accepting digital currency especially the poor countries. Paper money are the type of money we are used to, so it is really hard adjusting a group of people using these digital currencies. If you ask me, it will be more in the future maybe 100 to 200 years.
full member
Activity: 504
Merit: 185
April 25, 2017, 06:59:52 AM
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.

I do not think that the question is clear enough in the OP because there is paper money that is fiat and paper money that is not. There has not been one fiat system to last but water and food have always been currencies. I think that the global economy is too large for paper money to not exist,
member
Activity: 84
Merit: 10
April 25, 2017, 06:55:08 AM
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 important.
sr. member
Activity: 262
Merit: 250
April 25, 2017, 06:46:08 AM
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.
sr. member
Activity: 434
Merit: 250
April 25, 2017, 05:55:59 AM
Even with the emergence of crypto currency, i doubt that will be the end of paper money. Paper money will be continually used it the end of time itself especially in third world countries where debit,credit cards and crypto currencies are still a mystery. Some people are still using the barter system of trading.
full member
Activity: 230
Merit: 100
April 25, 2017, 05:35:35 AM
The paper money period is quite long but it will be replaced with a more secure and comfortable coin, it may take 10 or 20 years.
hero member
Activity: 2772
Merit: 645
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April 25, 2017, 03:22:43 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.
It is not the value of bitcoin only but it's purpose, bitcoin was not created to replace the current system of the world
so whatever the value of bitcoin we will still gonna see paper money circulating.
hero member
Activity: 588
Merit: 500
April 25, 2017, 01:40:32 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.
hero member
Activity: 2044
Merit: 784
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April 25, 2017, 01:32:43 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.

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.

If governments control crypto currency there isn't any advantage while using it. Paper money is good and it can be the country currency, no problem. We just want to use crypto currency and any other currency we want.
I think it's hard to ban paper money, as everyone needs to have access to internet and in every country there are persons who don't have access to it.
full member
Activity: 234
Merit: 100
April 25, 2017, 01:15:25 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.

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.
legendary
Activity: 2044
Merit: 1115
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April 25, 2017, 12:54:32 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.
Pab
legendary
Activity: 1862
Merit: 1012
April 24, 2017, 09:49:17 PM
Paper money will stay thay are real p2p money,most safe place for money is my pocket.Go to Greece you will understend thay can only use 400 euro from his card a month,any small business is accepting cards you need to pay with cash
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