The future of the paper money - page 141.

Sled

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Bitcoin- in bullish time

Quote from: Ferris419 on February 11, 2017, 05:11:58 AM

Quote from: bncbnc on February 10, 2017, 04:38:38 PM

Quote from: deppil on February 10, 2017, 04:48:38 AM

Quote from: Ronxawala on February 09, 2017, 05:54:59 PM

I personally pay more and will pay utility bills using real money. Even the salary I get it in hard cash and I think that this trend is still quite long.

but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left

i think these companies may do not know about bitcoin. because bitcoin is too good as if we compare to paypal. i think the service of papal is also not available everywhere. while the service of bitcoin is available every were . the fees of bitcoin is also very low as compare to the transaction fee of bitcoin.

Everything is getting digital now and people also prefer to go for cashless world as no one wants to carry hard cash in their wallet but the fact is people prefer to use debit/credit cards for making purchases as they are not aware about bitcoins yet but in future when they will know about bitcoin I am sure they will start using bitcoins too.

There is a few count of people who are starting to use bitcoin as their payment system or secondary currency because they already know the advantages of bitcoin and that is why most of the people in the world are not using bitcoin because 'they don't know what are the advantages'. If we or the major bitcoin supporters will explain and promote bitcoin, it will help the people and also the investors because the price will be high. Bigger amount of users/buyers = more expensive price.

Ferris419

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Quote from: bncbnc on February 10, 2017, 04:38:38 PM

Quote from: deppil on February 10, 2017, 04:48:38 AM

Quote from: Ronxawala on February 09, 2017, 05:54:59 PM

I personally pay more and will pay utility bills using real money. Even the salary I get it in hard cash and I think that this trend is still quite long.

but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left

i think these companies may do not know about bitcoin. because bitcoin is too good as if we compare to paypal. i think the service of papal is also not available everywhere. while the service of bitcoin is available every were . the fees of bitcoin is also very low as compare to the transaction fee of bitcoin.

Everything is getting digital now and people also prefer to go for cashless world as no one wants to carry hard cash in their wallet but the fact is people prefer to use debit/credit cards for making purchases as they are not aware about bitcoins yet but in future when they will know about bitcoin I am sure they will start using bitcoins too.

bitart

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Vires in Numeris

Quote from: bncbnc on February 10, 2017, 04:38:38 PM

Quote from: deppil on February 10, 2017, 04:48:38 AM

Quote from: Ronxawala on February 09, 2017, 05:54:59 PM

I personally pay more and will pay utility bills using real money. Even the salary I get it in hard cash and I think that this trend is still quite long.

but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left

i think these companies may do not know about bitcoin. because bitcoin is too good as if we compare to paypal. i think the service of papal is also not available everywhere. while the service of bitcoin is available every were . the fees of bitcoin is also very low as compare to the transaction fee of bitcoin.

Just imagine that you are an ordinary, average worker at a company, and not a bitcoin user on this forum

If your company offers you tomorrow, that you can get your salary in bitcoin, or you can get it in real money, would you choose bitcoin?
Imagine, that you know bitcoin, or you have heard about it before, so you know both options. (Most of average workers don't)
Are there enough shops, pump stations, etc. to be able to live your everyday life with bitcoin in your wallet?
This is where we need to improve. Or, to improve the existing bitcoin funded debit cards, because this can help people use bitcoin in shops where they can use their normal VISA or other card. And in this case the shop won't notice that you have payed with a bitcoin card or with a normal VISA card.

bncbnc

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Quote from: deppil on February 10, 2017, 04:48:38 AM

Quote from: Ronxawala on February 09, 2017, 05:54:59 PM

I personally pay more and will pay utility bills using real money. Even the salary I get it in hard cash and I think that this trend is still quite long.

but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left

i think these companies may do not know about bitcoin. because bitcoin is too good as if we compare to paypal. i think the service of papal is also not available everywhere. while the service of bitcoin is available every were . the fees of bitcoin is also very low as compare to the transaction fee of bitcoin.

mornabo

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Quote from: South Park on February 10, 2017, 01:28:34 PM

Quote from: ophyrim on February 09, 2017, 04:40:20 PM

Quote from: Grdas130979 on February 08, 2017, 12:18:39 AM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.

Paper money will last a lot more than that, I know people that don’t even know how to send and email or to remember a short password so, the banking system and unfortunately the bitcoin world are way beyond what they can grasp in their minds.

for the current or the past few decades to see people not too smart about technology. I think the paper money will survive long time enough. of course the condition of the human itself.

User365

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physics, mathematics and engineering

Quote from: South Park on February 10, 2017, 01:28:34 PM

Quote from: ophyrim on February 09, 2017, 04:40:20 PM

Quote from: Grdas130979 on February 08, 2017, 12:18:39 AM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.

Paper money will last a lot more than that, I know people that don’t even know how to send and email or to remember a short password so, the banking system and unfortunately the bitcoin world are way beyond what they can grasp in their minds.

I don´t think so, paper money will be replaced by plastic cards (visa, mastercard, debit card), in europe many countries already have a maximum amount you are allowed to pay with paper. No paper brings several advantages to those who are in charge to decide this (easy control, "print money" would mean press a button, decreasing of not taxing your work,...)

South Park

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Quote from: ophyrim on February 09, 2017, 04:40:20 PM

Quote from: Grdas130979 on February 08, 2017, 12:18:39 AM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.

Paper money will last a lot more than that, I know people that don’t even know how to send and email or to remember a short password so, the banking system and unfortunately the bitcoin world are way beyond what they can grasp in their minds.

justdimin

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Quote from: ophyrim on February 09, 2017, 04:40:20 PM

Quote from: Grdas130979 on February 08, 2017, 12:18:39 AM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.

That is right, people are still living in the stone age, some of people are still not familiar with the internet and they don’t know what bitcoin is, or even PayPal or other online payment method.

So, until the whole world start using online money the paper money is still going to be there and governments are still going to print them. But the big question would be how much percentage of people will be using it.

dmamigo

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Quote from: deppil on February 10, 2017, 04:48:38 AM

Quote from: Ronxawala on February 09, 2017, 05:54:59 PM

I personally pay more and will pay utility bills using real money. Even the salary I get it in hard cash and I think that this trend is still quite long.

but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left

Companies do pay electronically, but small scale industries have to use paper money. Paper money is decreasing, but it can't go right away. In rural areas, it is tough to remove paper money. Paying electronically can curb corruption and black money, but it is tough to happen. Society can't be cashless(Paper Money).

deppil

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Quote from: Ronxawala on February 09, 2017, 05:54:59 PM

I personally pay more and will pay utility bills using real money. Even the salary I get it in hard cash and I think that this trend is still quite long.

but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left

MMA

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Quote from: Mitcsell on February 09, 2017, 06:34:19 PM

Quote from: deisik on February 09, 2017, 06:25:46 AM

Quote from: HarringtonStark on February 08, 2017, 10:01:36 PM

Quote from: BeGoods on May 21, 2016, 06:38:27 PM

Quote from: pitham1 on May 14, 2016, 09:35:45 PM

Quote from: neochiny on May 14, 2016, 12:05:10 AM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.

I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin

The best way to protect against hackers is to become one so that you know how they do it. I spilt my Bitcoins into 3 different accounts so that hackers will not have a chance to steal all my balance

Whatever you do you should understand what you are doing

And if you do it right, you may not be required to split your coins into 3 different wallets or balances. Basically, there is nothing wrong with that, but you should always remember whether what you are doing actually serves the intended purpose. More specifically, splitting your stash of coins may in fact increase the chances of you losing some part of them, not decrease as you come to think

As my grandmother that you can not keep all your eggs in one a basket, otherwise you can lose everything, under certain conditions. So I think that all this applies to the bitcoin. It is necessary to have multiple purses and then we can be calm.

yes that is right to say. we must have different strategies in mind. i think we should invest bitcoin in different place, mean if a person have good amount of bitcoin then he need to hold some of them for price increase while invest some bitcoin in trading alt coins in different currencies and ICOS and if he can manage he can give bitcoin load to other. so this way he is minimizing the risk of losing all their money in one time.

choppork

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Quote from: noel2123 on February 09, 2017, 07:13:10 AM

Quote from: deisik on February 09, 2017, 06:25:46 AM

Quote from: HarringtonStark on February 08, 2017, 10:01:36 PM

Quote from: BeGoods on May 21, 2016, 06:38:27 PM

Quote from: pitham1 on May 14, 2016, 09:35:45 PM

Quote from: neochiny on May 14, 2016, 12:05:10 AM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.

I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin

The best way to protect against hackers is to become one so that you know how they do it. I spilt my Bitcoins into 3 different accounts so that hackers will not have a chance to steal all my balance

Whatever you do you should understand what you are doing

And if you do it right, you may not be required to split your coins into 3 different wallets or balances. Basically, there is nothing wrong with that, but you should always remember whether what you are doing actually serves the intended purpose. More specifically, splitting your stash of coins may in fact increase the chances of you losing some part of them, not decrease as you come to think

If the hackers can grab an idea to have a money, they will do it. If have this question on your mind, we still be on it too. Hackers can do a lot of things if they want it, they can hack your bitcoin address and put some money on their own, a lot of ideas and knowledge hackers can do. If bitcoin will have that kind of bug, they should update their programs.

But it would take some more steps before they can do that. They would have to know your email, then password, and then hack into your phone to get 2FA. Knowing the password of your account would take time unless you signed in in a phishing site of theirs. I really doubt that it's easy to hack your phone. Also, they would choose a huge website when doing this much effort so their hard work would pay off. They wouldn't target you in particular unless you showed them that you are holding thousands of bitcoin in your account.

Mitcsell

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Quote from: deisik on February 09, 2017, 06:25:46 AM

Quote from: HarringtonStark on February 08, 2017, 10:01:36 PM

Quote from: BeGoods on May 21, 2016, 06:38:27 PM

Quote from: pitham1 on May 14, 2016, 09:35:45 PM

Quote from: neochiny on May 14, 2016, 12:05:10 AM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.

I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin

The best way to protect against hackers is to become one so that you know how they do it. I spilt my Bitcoins into 3 different accounts so that hackers will not have a chance to steal all my balance

Whatever you do you should understand what you are doing

And if you do it right, you may not be required to split your coins into 3 different wallets or balances. Basically, there is nothing wrong with that, but you should always remember whether what you are doing actually serves the intended purpose. More specifically, splitting your stash of coins may in fact increase the chances of you losing some part of them, not decrease as you come to think

As my grandmother that you can not keep all your eggs in one a basket, otherwise you can lose everything, under certain conditions. So I think that all this applies to the bitcoin. It is necessary to have multiple purses and then we can be calm.

DrPepperJC

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Activity: 118

Merit: 100

Quote from: ophyrim on February 09, 2017, 04:40:20 PM

Quote from: Grdas130979 on February 08, 2017, 12:18:39 AM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.

Many experts life bitcoin emit very little time, and that the digital currency will be the leader among the currency or will the only available. But I was a little doubt it. Accessibility is also a big factor.

Ronxawala

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I personally pay more and will pay utility bills using real money. Even the salary I get it in hard cash and I think that this trend is still quite long.

NEWGOODOUBLE

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Quote from: grenade launcher on February 09, 2017, 05:23:14 PM

As for me, then paper money do not bother me. Even as it is convenient and fun to use them. I would leave their work and cooperate with bitcoin.

although the paper money can still be used, but times have changed, all will be completely online and digital. so inevitably paper money will be replaced with something newer

bitbunnni

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Quote from: ophyrim on February 09, 2017, 04:40:20 PM

Quote from: Grdas130979 on February 08, 2017, 12:18:39 AM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.

Paper money, we will still use it, as we would not want to return. The fact that this means the states and banks, as well as for the life of the common man is the paper money is a very important thing.

grenade launcher

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As for me, then paper money do not bother me. Even as it is convenient and fun to use them. I would leave their work and cooperate with bitcoin.

ophyrim

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Quote from: Grdas130979 on February 08, 2017, 12:18:39 AM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.

VTCutch

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Quote from: Bitcoin0916 on February 09, 2017, 02:37:36 AM

Quote from: carlerha on February 08, 2017, 03:23:06 PM

Quote from: Fireblade on February 08, 2017, 10:51:57 AM

Quote from: mirakal on February 08, 2017, 12:07:24 AM

Quote from: diegz on February 07, 2017, 10:30:59 PM

Quote from: Flamma on February 07, 2017, 05:19:22 PM

I think there will a come a time that we will consider digital currency as a means of payment. We already have countries using credit cards at almost everything but I guess paper money wouldn't disappear. It would still be best to have something tangable when it comes to payment. Wouldn't it also be much more dangerous if we only use digital currency?

It is inevitable that we are going in to digital age, where the use of digital currency is unavoidable too, cards will play major role in payment systems. But that doesn't mean that paper money will disappear that fast. We must keep in mind that not all parts of the world are equal. There are still places where technology is already there, but they still prefer to use the traditional way.

Changes will come as new system with come to aid a faster transaction online, some people who has a big interest with digital currency will used the latest and the most effective one. Bitcoin will be one of the most effective digital currency for online transaction as it can help the investors to earn as well. While the world is moving fast, we cannot sacrifice the need of other people to use paper money, more options are better of course, so they will be here to stay.

but i think still it is not a threat to paper money, i think for next 100 years people will be using fiat as their main currency, although they will be using bitcoin mostly for online matters and partially in local shops for shopping, paying utilities bills and for some other activities but still fiat will be dominant on bitcoin in real life and majority of people will be still using bitcoin and may be because of lack of bitcoin introduction and some other reasons.

yes paper money is still safe and there is no danger to it, but i think the number of bitcoin are increasing day by day and my be it effect the use of fiat as people will give preference to bitcoin and therefore the use of fiat will decrease.

I'm sure until whenever paper money will continue to exist, this is due to the protection of the State. Paper money is one of the symbols of State, used en masse by the entire population of the country. In addition, the country has not been approved bitcoin so still need to be a long process.

Yes, you are right, the paper money under government protection. They are fully controlled by the authorities. A Bitcoin can not be controlled. That is why his government does not support. Therefore, the paper money will continue to exist long

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