Topic: The future of the paper money - page 139. (Read 416606 times)

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.

Here I disagree with you. From the dollar depends almost the entire world economy. This currency bude supported by all participants in the market, including even the World Bank will do everything to resist the dollar. And the euro as a whole and the European Union was doomed because of the bureaucracy.

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.

The US dollar is not accepted worldwide even now, and that makes sense since every country has their own economic needs, just look at the euro, and see the failure it is, some of the indebted countries need to print their currency to get out of their debts but they can’t because they cannot print euros.

Governments will try to implement their own `product` which they can control, that is reasonable assumption. Like it is now, like that will be in the future bitcoin is providing us with alternative, and that is what is important. Ether way I see the near end of the paper money, and that will happen in next 10 to 20 years, maybe even faster, and then we will see digital currencies war.


When governments start to implement this digital currency system, everyone will be forced to adopt to it. Many people didn`t wish to have mobile phones, credit cards, etc but now everyone have couple in their pockets, new era is coming. Bitcoin is alternative and cause of that bitcoin have potential to be global currency, without government control, maybe that can attract a lot of people in all world not just in one state with one currency. We can unite under the same flag, then governments can blow us. Freedom is the state of mind!

But I must be a realistic person dude, my environment wasn't familiar with bitcoin. although the bitcoin is my favourite alternate currency but in my daily life fiat currency is still the number one.

But if the bitcoin will be familiar on my environment and i ready for that. All of the advantages has offered by bitcoin is really good.

Well, that is one of the advantages of bitcoin but do not try to do illegal activities because you are gonna pay for it, don't think that the government is not watching us, we are just a small community and the government has all the resources to trace people who use bitcoin for illegal activities. In fact, they are making measures to trace money laundering transactions and exchanges will soon require us to submit our personal information.

Will surely effect bitcoin money because its value is more higher and there's lot of advantages in our fiat. Though as of now there were more need for developments of bitcoin but surely it will be a hit.

than your favorite currency must be bitcoin. because it cannot be controlled by anyone, in bitcoin you are your own boss and you can do whatever you want to do with your bitcoin. no one will ask you for any thing, any identity or any proof,. I think it will effect paper money in future,

If you happen to just spend all your wages without a trace, then it doesn't really make any sense since you most likely won't be able to spend bitcoins directly and will have to convert them first to fiat losing on commissions. Nevertheless, if you have a few jobs or just get more than enough money to provide your and your family sustenance, then you will be certainly considering different investing options to make your money work for you (or at least, preserve its value)

And in that case receiving payment in Bitcoin (some part thereof) might make sense

I am very positive with the digital currencies but I don't really think that paper money will be eliminated in the circulation. The government has to serve all the people who has the capacity to transact and the right to live. Seeing that, bitcoin would not always be a good idea as it only caters online transactions, it could be easy for us but more complicated on average people.

The probability to be happen is big. If paper money is no longer used, then I am sure the government will create a currency that they can control. but I prefer to use a currency that can not be created at will, the currency that was obtained from the mine was better.

I can view that paper money's future is much better compared to present situation today because, there will be more electronics transaction of fiat money currency and less paper money will be produced and mostly were online accounts transactions. Paper money will still be used with offline payments in the future,and together with digital currency, paper money source could be linked to bitcoin earnings and exchange.

That' for sure, government wants to take control of their world and there product should be patronize by the people. Bitcoin can only be added as another option to transact faster online and it could be an investment that could give us a good fortune if we will risk our investment as this early.

For me, paper money gives convenience to people who does not know how to operate the internet, we cannot take their freedom to transact.

I think even if paper money is replaced with something more sophisticated, such as digital money, but of course the government will have to replace it with their own product. I'm sure they will make digital currency products

I can see paper money being replaced by a digital currency, but I think governments will just use their current currencies in digital form. We already transfer money digitally through credit cards, etc. Bitcoin can still exist and could even be used behind the scenes for money transfer.

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.

Digital payments will go into the scene for the next couple of years and I know that there are already countries / companies that are making use of this technology. If you know the microchip system, many are amazed on it. You can simply buy by simply scanning your hands and boom, you already paid out your groceries, this is implemented in some parts of US already.

Maybe the reason is more simple like your company is trying to adopt new technologies, and not because of taxes or anything illegal.
Gain can be that cashless purchases are more convinient and easy compared to cash (and girls at the cash desk will like you more because they don't need to mess with the change )
Today, paper money is accepted nearly everywhere . Debit and credit cards are also accepted in the majority of the settlements. If you want to use the electronic wallets of the new fintech companies (using the national currency), you need to search for shops in the capitals mainly. If you want to use bitcoin, you'll have even less possibilities in an average country.
The change from the paper money to a cashless economy (and to the widely accepted bitcoin) is hard. Maybe the new smartphone generation won't care about the paper money and will turn to the mobile solutions.
In my country, most of the people now start to recognize the advantages of the PayPass debit cards. It's a step towards to a cashless economy. Next step would be tapping their phones to the POS terminals and not their Paypass cards, but that needs time, years. There's no widespread solution for paying with mobiles yet, Apple, Samsung, and other companies are working on it, but it's not ready.

If I accept to be paid in bitcoins, what is the gain for me ? If I just get the same amount of value, I don't see the point.

I'm paid in Euro today, if my boss offers to pay me the same value but in dollars, what would I gain ? Nothing.

Now if my boss offers to pay me a bit more but in BTC, then we're talking. But there should be a good reason for that. The most likely reason would be that my company is trying to avoid taxes or things like that, so they would be doing something illegal and offering me to participate. I wouldn't accept in this case.