Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.
but the government would undertake reforms towards something that is outdated and rarely used, for the time being paper money is still survive. but I'm sure someday will surely replaced with something sophisticated 
Topic: The future of the paper money - page 138. (Read 416603 times)
Digital currency is the future many countries tried to reduced the use of paper money.
Currently we have no chance of this digital currency to be applied in any country because this need too much work and have some serious problems also its can be but still long way to go for this even in developed countries 
Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.
The time is changed, paper money too many weakness, and easier to inflation and the government is very difficult to controlling. Better is digital money. I agree paper money will survive anytime, but for small and cash transaction only.
Digital currency is the future many countries tried to reduced the use of paper money.
Banks are introducing digital services, and they are the ones that will and has already started the era digital offering those kind of services. Almost all people has one or more phones, and are conected atleast 1-5 hours daily, paper money is something that should be replaced to digital currencies, in the next 30-50 years i believe it will happen.
Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.
The time is changed, paper money too many weakness, and easier to inflation and the government is very difficult to controlling. Better is digital money. I agree paper money will survive anytime, but for small and cash transaction only.
I do not agree with the gloomy future of paper money which you wanted to tell. Paper money is the backbone of today's economy and accepted in every corner of the world. On the other hand, a majority of people didn't hear about bitcoin yet. Only a minor percentage of human population heard about bitcoin and even lesser number of people are using that. So I don't see bitcoin as a threat to the paper money in any way.
Paper money is so deeply rooted to the society, it is nearly impossible to uproot that also paper money is being supported by the government. So the future of paper money is still as shinning as ever. Bitcoin is not threat or it doesn't have the power to be a threat to the paper money.
Paper money is so deeply rooted to the society, it is nearly impossible to uproot that also paper money is being supported by the government. So the future of paper money is still as shinning as ever. Bitcoin is not threat or it doesn't have the power to be a threat to the paper money.
in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
Given that my parents and even older generation do not know how to even use credit cards, for them the only way to paper money will pay for their purchases. And for bitcoin even speech can not go.
Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.
The time is changed, paper money too many weakness, and easier to inflation and the government is very difficult to controlling. Better is digital money. I agree paper money will survive anytime, but for small and cash transaction only. in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
but why is the government taking such decision, because they feel that now people interest is no there in fiat currency therefore they must be start thinking about egital currency. but still not a single government has announced any digital currency. in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
but why is the government taking such decision, because they feel that now people interest is no there in fiat currency therefore they must be start thinking about egital currency. but still not a single government has announced any digital currency. 50 years ago currencies such as dollar were the same as it is today, if you worked 8 hours a day and could buy a house after 1 year you can now work 8 hours a day and buy a house after one year but since there are many new things that people need or want and they are growing in numbers as new technologies come to light it is often more difficult than before to have enough money.
50 years ago your kids didn't want ipad, iphone, tablet, then you only needed to buy them a atari and that was it.
While our technological progress has been incredible, if we compare an Atari vs any video games console of today, that does not mean an Atari was cheap back in the day, it was the latest technology, and no matter the era that is expensive. 50 years ago your kids didn't want ipad, iphone, tablet, then you only needed to buy them a atari and that was it.
in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
but why is the government taking such decision, because they feel that now people interest is no there in fiat currency therefore they must be start thinking about egital currency. but still not a single government has announced any digital currency. Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.
So what if it is national currency? What we really focus on is the future of paper money? How about if in the next few years this will change? And there is no more fiat?
All is about transaction using blockchain? This is the real point of the future paper money. It does not matter if we are being decieved by governmeny, as long as our wallet is safe I dont think that it will a big problem
in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
Given that my parents and even older generation do not know how to even use credit cards, for them the only way to paper money will pay for their purchases. And for bitcoin even speech can not go.Which tells us that in the future, it is more likely than not, people would still be using paper money even in a digital age. Bitcoin and other digital currencies may be widely accepted and used by that time but i think in general, purchases and transactions would still be through fiat or there would be an option for people on what is dasier for them. But definitely paper money is here to stay
in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
Given that my parents and even older generation do not know how to even use credit cards, for them the only way to paper money will pay for their purchases. And for bitcoin even speech can not go. 
Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.
in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
It should be. It is more convenient for us and more people will be seeing it. We know that USD is very much accepted spevially in poor countries. If the two can be combined then a big change will happen for both bitcoin value and USD. Just have to be careful with the illegal transactions though.
For USD paper bills to be acceptable worldwide they need to be save from counterfeits (the "funny money") and exactly there digital signatures are reaching new frontiers
Here I should disagree with you too
Basically, dollar is only a tool, and the entire world economy cannot depend on it since it can be easily substituted with something else (e.g. gold for final settlement of accounts between countries) if required. Further, you could theoretically say that the world trade comes to depend on the US dollar but only as long as it doesn't lose purchasing power due to massive devaluation by the US government. If that should happen, it will be just as easily substituted with another means of payment
First of all, you need not only to someone, but also themselves learn to tell the truth. We still continue to use real paper money in their daily life. And this will continue for a long time. At least it is very convenient for me.
Not only for you but most especially to those people who do not know how to operate online transaction, using bitcoin will require a person to be educated with the technology while paper money even the very poor person can easily use it. The world has a big popular and majority of that population belongs to poverty, I don't think the government would allow to eliminate paper money, they need to be serve as they are people as well.Jump to: