The future of the paper money - page 128.

szpalata

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Quote from: panganib999 on March 18, 2017, 01:10:04 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.

You're wrong if you say it's forever because its estimated that within the next 10 years everyone will own a smartphone and access to Internet and Bitcoin for that matter will be high so it makes sense to also suggest that our society then can change and upgrade to cryptocurrency.

Gufeng

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Quote from: sergeyzol on March 19, 2017, 03:18:03 PM

Quote from: ajeef on March 19, 2017, 01:02:50 PM

Quote from: buyinbtc on March 19, 2017, 12:42:58 PM

Quote from: panganib999 on March 18, 2017, 01:10:04 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.

Yes, now they aren't ready to leave paper money and use bitcoins only for example. But even now more people use credit cards to pay for stuff rather than paper money, so i think that it is just a matter of time before they will start using bitcoin. i'd say in 20 years there will be no more people that use paper money.

There will be a increase in usage of bitcoins and credit card in next 20 years for sure but there will be some poor people who will still continue to use paper money as they would find bitcoin complicated and might not be interested in using it.

I agree with you. There will always be people who use paper money. The standard of living of many countries is not very high. That is why it is too early to say that paper money will soon cease to exist

Yes and paper money will never disappear as it has a support from the Government and people especially the labors who are earning their daily wages in cash will always use paper money to buy anything as that is the only option they have for their spending.

sergeyzol

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Quote from: ajeef on March 19, 2017, 01:02:50 PM

Quote from: buyinbtc on March 19, 2017, 12:42:58 PM

Quote from: panganib999 on March 18, 2017, 01:10:04 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.

Yes, now they aren't ready to leave paper money and use bitcoins only for example. But even now more people use credit cards to pay for stuff rather than paper money, so i think that it is just a matter of time before they will start using bitcoin. i'd say in 20 years there will be no more people that use paper money.

There will be a increase in usage of bitcoins and credit card in next 20 years for sure but there will be some poor people who will still continue to use paper money as they would find bitcoin complicated and might not be interested in using it.

I agree with you. There will always be people who use paper money. The standard of living of many countries is not very high. That is why it is too early to say that paper money will soon cease to exist

ajeef

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Quote from: buyinbtc on March 19, 2017, 12:42:58 PM

Quote from: panganib999 on March 18, 2017, 01:10:04 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.

Yes, now they aren't ready to leave paper money and use bitcoins only for example. But even now more people use credit cards to pay for stuff rather than paper money, so i think that it is just a matter of time before they will start using bitcoin. i'd say in 20 years there will be no more people that use paper money.

There will be a increase in usage of bitcoins and credit card in next 20 years for sure but there will be some poor people who will still continue to use paper money as they would find bitcoin complicated and might not be interested in using it.

buyinbtc

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Quote from: panganib999 on March 18, 2017, 01:10:04 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.

Yes, now they aren't ready to leave paper money and use bitcoins only for example. But even now more people use credit cards to pay for stuff rather than paper money, so i think that it is just a matter of time before they will start using bitcoin. i'd say in 20 years there will be no more people that use paper money.

Trongersoll

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Quote from: Kabul on March 19, 2017, 06:25:35 AM

Quote from: Natalim on March 19, 2017, 02:40:38 AM

Quote from: NEWGOODOUBLE on March 18, 2017, 07:51:17 PM

Quote from: dark_pride on March 18, 2017, 07:45:51 AM

Quote from: mindrust on September 21, 2015, 02:40:32 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

although you say feel more comfortable to use paper money but if the store no longer accept paper money. what would you do ? I think the era inevitably change. and everyone should follow it

I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.

Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.

Whatever it is bitcoin cannot overtake the fiat currency fully. however btc will gain much popularity than what it is today. even if that has to happen then it will take a very long time. the only reason why fiat currency will remain the best is centralized currency and governed by the government, it is used by everyone who don't know to read and write.

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Quote from: grandy on March 19, 2017, 10:23:44 AM

Quote from: Kabul on March 19, 2017, 06:25:35 AM

Quote from: Natalim on March 19, 2017, 02:40:38 AM

Quote from: NEWGOODOUBLE on March 18, 2017, 07:51:17 PM

Quote from: dark_pride on March 18, 2017, 07:45:51 AM

Quote from: mindrust on September 21, 2015, 02:40:32 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

although you say feel more comfortable to use paper money but if the store no longer accept paper money. what would you do ? I think the era inevitably change. and everyone should follow it

I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.

Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.

in my area as i do not know that there is single shop who are accepting bitcoin for shopping but still i am hopeful that very soon we will be able to use bitcoin as in our shops for shopping.

That is the problem we all are facing as none around us is aware about bitcoins and it will take long time for people to discover bitcoins and merchants will start accepting bitcoins as a mode of payment only if they find enough demand for it.

grandy

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Quote from: Kabul on March 19, 2017, 06:25:35 AM

Quote from: Natalim on March 19, 2017, 02:40:38 AM

Quote from: NEWGOODOUBLE on March 18, 2017, 07:51:17 PM

Quote from: dark_pride on March 18, 2017, 07:45:51 AM

Quote from: mindrust on September 21, 2015, 02:40:32 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

although you say feel more comfortable to use paper money but if the store no longer accept paper money. what would you do ? I think the era inevitably change. and everyone should follow it

I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.

Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.

in my area as i do not know that there is single shop who are accepting bitcoin for shopping but still i am hopeful that very soon we will be able to use bitcoin as in our shops for shopping.

blackhawkeye1912

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Quote from: peta4e on May 15, 2016, 07:13:34 AM

Quote from: romero121 on May 15, 2016, 05:46:04 AM

Quote from: JessicaSe on May 13, 2016, 02:25:59 PM

Quote from: Blackmet on May 13, 2016, 02:21:38 PM

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.

Well Said, there are few places where we can't use bitcoin and other digital currencies however the technology gets advanced. So in my opinion if the world becomes currency free then paper money use might gets stopped.

Each and every paper money represents their country, its a pride and symbol of their country, and Government will never allow that to happen as they will loose all their power and control on the money.

It maybe true on your side, even they won't allow it to happen if the people individually are getting interest into bitcoin especially many become prosper to their lives whether they like it or now if that's the scenario they will accept the fact too. Then paper money ending will come.

Theb

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Quote from: Kabul on March 19, 2017, 06:25:35 AM

Quote from: Natalim on March 19, 2017, 02:40:38 AM

Quote from: NEWGOODOUBLE on March 18, 2017, 07:51:17 PM

Quote from: dark_pride on March 18, 2017, 07:45:51 AM

Quote from: mindrust on September 21, 2015, 02:40:32 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

although you say feel more comfortable to use paper money but if the store no longer accept paper money. what would you do ? I think the era inevitably change. and everyone should follow it

I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.

Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.

Wherever you go Cash is king, now you may say Bitcoin is good as cash but the truth is it is not. Bitcoin right now to be cash need to be accepted worldwide which is not it is only accepted by some people in that country. Also Fiat currency is backed by the government which is good because you know it is stabler than cryptocurrency.

Kabul

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Quote from: Natalim on March 19, 2017, 02:40:38 AM

Quote from: NEWGOODOUBLE on March 18, 2017, 07:51:17 PM

Quote from: dark_pride on March 18, 2017, 07:45:51 AM

Quote from: mindrust on September 21, 2015, 02:40:32 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

although you say feel more comfortable to use paper money but if the store no longer accept paper money. what would you do ? I think the era inevitably change. and everyone should follow it

I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.

Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.

Natalim

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Quote from: NEWGOODOUBLE on March 18, 2017, 07:51:17 PM

Quote from: dark_pride on March 18, 2017, 07:45:51 AM

Quote from: mindrust on September 21, 2015, 02:40:32 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

although you say feel more comfortable to use paper money but if the store no longer accept paper money. what would you do ? I think the era inevitably change. and everyone should follow it

I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.

PhucS

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I think the world still needs paper money. Currently, virtual currency technology, electronic money is developing and popular but not so that remove the paper money. Paper money still plays an important role, it is easier to use. Payments from daily life such as living expenses, utilities, etc. will still need to be used paper money. Virtual currency technology is currently only growing and popular in some big countries, but countries that do not recognized virtual currency will still have to use cash. In the future, I think paper money still plays an important role

NEWGOODOUBLE

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Quote from: dark_pride on March 18, 2017, 07:45:51 AM

Quote from: mindrust on September 21, 2015, 02:40:32 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

although you say feel more comfortable to use paper money but if the store no longer accept paper money. what would you do ? I think the era inevitably change. and everyone should follow it

Silberman

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Quote from: BeGoods on March 18, 2017, 01:30:39 AM

Quote from: panganib999 on March 18, 2017, 01:10:04 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.

it will be replaced gradually certainly not necessarily bitcoin will replace paper money directly of course everyone is not ready with it. This course will run slowly but I'm sure bitcoin could speak more

The replacement of paper money can be faster in countries that are very developed but in countries where development is still necessary then the progress towards as a society without cash is going to be very slow or it could not happen at all.

r32godzilla

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Quote from: dark_pride on March 18, 2017, 07:45:51 AM

Quote from: mindrust on September 21, 2015, 02:40:32 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

That is the reason people don't have faith in bitcoin as they easily trust something that they can hold physically and that is not possible with bitcoins and paper money will always exist in future as it holds huge userbase in compare to bitcoins.

dark_pride

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Quote from: mindrust on September 21, 2015, 02:40:32 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

choppork

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Quote from: jems on March 18, 2017, 12:58:29 AM

i think paper money have lifetime because government need to produce more paper money and in all country paper money is very important like in my country Philippines if you have 20 pesos paper money and you buy food ,snacks ,drinks .

Just because you can buy something using your paper money doesn't mean that it will stay forever. Back then, you can buy anything you want using the coins which are "old coins" in the present. Try using those old coins today and no one's going to accept it anymore. The paper money can be changed as well. It can evolve from paper to plastic to something totally digital. Today, most people are using cards (plastic) to pay for their bills. It's either debit/credit card.

And since the world is changing, even cards can be changed as well by something better at some point in time when people have finally embraced the idea of cryptocurrency.

BeGoods

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Quote from: panganib999 on March 18, 2017, 01:10:04 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.

it will be replaced gradually certainly not necessarily bitcoin will replace paper money directly of course everyone is not ready with it. This course will run slowly but I'm sure bitcoin could speak more

panganib999

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The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.

Topic: The future of the paper money - page 128. (Read 416603 times)