Topic: The future of the paper money - page 122. (Read 416603 times)
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.
Paper money will always survive especially in poor countries where people don't have access to internet and are not aware about bitcoins so we cannot expect them to start using bitcoins as they will be much comfortable in using paper money
Obviously, it is not only about poor countries
Even the most developed but extended countries such the US have backward places where you can meet wild animals such as bears and pumas walking the streets of some small town (say, in Alaska). Quite naturally, in such places cash is the king, and it will likely remain so in the foreseeable future. But it is not just about that either. There can be blackouts, Internet connection issues, various "acts of God" and other Black Swan events. In other words, cash is not going anywhere
The world is already moving away from paper money towards digital transactions.With technology growing day by day in our life,usage of virtual currencies is also increasing.Bitcoin not only offers low cost transactions but also it would be helpful for the unbanked people who dont even have accounts.Once,when paypal was introduced,many found it as a way to send money out from countries where it might be seized.Today paypal has grown as a main source of sending money and in the future,bitcoin might even get the place where paypal is found today.
Paper money will always survive especially in poor countries where people don't have access to internet and are not aware about bitcoins so we cannot expect them to start using bitcoins as they will be much comfortable in using paper money.
Not everyone in this world have internet. Some dont even have electricity. How could you imagine life at those places without paper money. Moreover, at present paper money allows easy transactions. So I would say paper money are not going anywhere if we talk about this generation. About more distant future it is hard to say anything at this moment.
It's a utopian scheme. Without paper money the world would be unimaginable, you can't be able to cover all the people in a digitalization or card money. Paper money will be remain otherwise disorder will be taking up, so it needs to keep pace with the modern era with paper money.
I think paper money will continue to be developed in accordance with the times. I think bitcoin will be formed into paper money if bitcoin is out of the internet and is used in the real world. It will have become something popular to date. 
It's a utopian scheme. Without paper money the world would be unimaginable, you can't be able to cover all the people in a digitalization or card money. Paper money will be remain otherwise disorder will be taking up, so it needs to keep pace with the modern era with paper money.
That is very interesting idea.As for me humanity isnt ready for that in the nearest future)
Indeed true.
Consider any development, cash or paper money will continue to reign the economy. You can't literate whole country and make them use digital means for every need.
I agree with you. Paper money is a habit. People can not give up this. It's nice to listen to the rustle of the bills. And to make purchases in cash - anonymously
What you refer to in your post is certainly not cash
You evidently talk about digital fiat which is the opposite of cash. Cash (aka "ready money") is bills and coins that you can put in the pocket of your trousers or leather wallet if you have one. Thus when you convert bitcoins to fiat, you convert them not to cash but to digital fiat, which you can then withdraw to your bank account and fill with it your payment card balance. In short, cash is money which you can touch with your hands, see with your eyes and smell with your nose (you can even taste it)
That is very interesting idea.As for me humanity isnt ready for that in the nearest future)
Indeed true.
Consider any development, cash or paper money will continue to reign the economy. You can't literate whole country and make them use digital means for every need.
I agree with you. Paper money is a habit. People can not give up this. It's nice to listen to the rustle of the bills. And to make purchases in cash - anonymously
That is very interesting idea.As for me humanity isnt ready for that in the nearest future)
Indeed true.
Consider any development, cash or paper money will continue to reign the economy. You can't literate whole country and make them use digital means for every need.
I agree with you. Paper money is a habit. People can not give up this. It's nice to listen to the rustle of the bills. And to make purchases in cash - anonymously
That is very interesting idea.As for me humanity isnt ready for that in the nearest future)
Indeed true.
Consider any development, cash or paper money will continue to reign the economy. You can't literate whole country and make them use digital means for every need.
I think that today's world is riled by politicians, many of which came from business. They are pushing us to use bank's cards and online payments which seems much more comfortable, cause of you don't need to hold all your money with you. But all this services are taking fees which are going from one level of authority to another higher and higher, that make the wealth of this politicians and businessmen only bigger and bigger. If you really want to economy your money, which in more cases are not so big, use paper money payments and stay away from all this cards and online services
That's mostly nonsense
And it seems you are really not familiar with payment cards and just repeating some pointless drivel. As I have already told numerous times, many banks offer cards which are just profitable to have (in comparison with keeping your money under the mattress). You get interest on the remaining amount in your account, you often can make instant card-to-card transfers free of charge, you are offered protection in the form of chargeback. Wtf, you may even get decent cashback on certain categories of purchases. Personally, I see no reason to use cash whenever I can pay with my debit card (and I have quite a few)
Future of paper money? hmm everyone can say about the real future of money but only can knew about what really happens on the future about this money many countries are doing great business with money and this will never disappeared for us who using daily basis and assitance.
That is very interesting idea.As for me humanity isnt ready for that in the nearest future)
Paper money will not be banned completely.Recently, indian government tried to demonitize high value paper notes inorder to increase digital transactions.But it didnt give any expected results and when new notes were released,people once again started using paper currencies.Venezuela also tried to demolish paper currency and failed.So,paper money would exist in future but its users would get reduced in numbers.
because the user is still undeveloped and understand much about digital. and use digital currencies can not be implemented directly, it should be a gradual process
I think that today's world is riled by politicians, many of which came from business. They are pushing us to use bank's cards and online payments which seems much more comfortable, cause of you don't need to hold all your money with you. But all this services are taking fees which are going from one level of authority to another higher and higher, that make the wealth of this politicians and businessmen only bigger and bigger. If you really want to economy your money, which in more cases are not so big, use paper money payments and stay away from all this cards and online services.
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.
In order for paper money to completely disappear, it is necessary that the digital currency works smoothly anywhere in the world, it is necessary to develop further in this direction.
Think of the majority, not all people are getting used to the technology, most of them rely on simpleness and paper money offers it.
There will always remain a form of cash but the government and banks are just going to make it harder for us to use paper money because digital transfers are not only cheaper for the bank but easier for the government to track your income for tax purposes
I have a somewhat different opinion
More specifically, I don't think that governments and banks are deliberately trying to make it harder for us to use cash. I'd rather say they are sooner trying to make non-cash payments more handy and easily available to ordinary people and thus crowd out paper money from circulation on purely economic grounds. If they were really trying to impede or hamper using cash (for example, by banning cash transactions), people would just start using some cash substitutes or bills and coins of some reliable foreign currency
Well, I think very much change from paper money in all countries, and I think paper money will continue to be used for a long time, because in my opinion, paper money is easier to use for now than digital money, Discount in using paper money.
Paper money will disappear from our hands but, it will take more time. Still many people do not know about internet and online payment methods. So first countries have to educate their people then they can easily remove paper currency from daily usage.
Educate people is what the government doing for quite a while now. Apparently, many people chose not to do so. Tons of teenagers have the money and the capability to finish college but they don't. We are so pre-occupied by other stuffs. There's far more distractions and addicting stuffs around us that we start wasting time and money on trivial stuffs.
There will always be people living in the streets, selling stuffs just to eat even once a day. There will always be people that cannot afford education even when there's no tuition fee. Of course these people will do their best to earn money to be able to eat first before they start educating themselves.
And even when every single one have learned how to use the internet and can use the internet, people aren't going to do such thing as making themselves knowledgeable about bitcoins unless it's required to do so. For example, if fiat was gone and the only way of transacting is through bitcoins.
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.
In order for paper money to completely disappear, it is necessary that the digital currency works smoothly anywhere in the world, it is necessary to develop further in this direction.
Think of the majority, not all people are getting used to the technology, most of them rely on simpleness and paper money offers it.
There will always remain a form of cash but the government and banks are just going to make it harder for us to use paper money because digital transfers are not only cheaper for the bank but easier for the government to track your income for tax purposes.
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