Topic: The future of the paper money - page 150. (Read 416603 times)

I think the paper money will continue to exist, just as the document that is still printed on paper. Although everything is sophisticated, obviously proof in writing still needed. I'm sure, paper money would never disappear.

It is unavoidable, when we use our natural resources we are damaging it. Same as if money becomes digital, we will be using more and more electricity each day, so the result is the same. As for me, I want it to be digital too, but with regards to the OP, I am sure, paper money will still survive more years, until the governments decided to stop the use of it or until all the sources of printing paper money is been depleted.

there always pros and cons , if paper money damage our earth then digital money would have lack of security. anyways if i have to choose which one between both of course i would like to choose we have to move to digital money where everything run more flexible. the security problem could be solved as time goes by right?

I think it is not such an easy task although the trend of people is changing but still it will take a lot of time, because not a single crypto currency including bitcoin can provide you all the facilities the fiat currency is providing us. I think it will take decades when we will be able to use bitcoin for trading and purchasing everything we want to buy in our local shops, therefore I think the future of fiat is still safe.

we can see that that new generation trend is already changing toward online digital currency and they are using online currency for shopping and so may other activities. therefore we can say that our next generation will be using bitcoin as their main currency.

Money is no longer just paper, if you touch the new bills from most countries you will realize they feel a lot more like plastic, besides if at some point the earth was in that bad of a shape you could bet priority will be given to print money over anything else.

It is even fairly possible that fiat will still remain as a main money until our generation . For bitcoin to be the main currency we can conclude that the worlds technology did a complete upgrade Since bitcoin is powered by internet the world should have a global internet first and right now, Poverty in our world keeps increasing I highly doubt that we will see bitcoin rise that much cause we're probably dead by that time .

yes it is right but i think still it will take a lot of time. because still all most all the people of the world are using fiat and those people who are already using bitcoin are using it as secondary option because they still cannot use bitcoin to purchase everything from bitcoin. there for i thin think it will still take decades.

I think this won't happen it just a prediction that will never be happen on this setiation even the most professional people will not tell this that will collapse paper money? No way dude they will be still using paper money because of big help.

my answer for your first question is paper money cant be banned as it is the more legit way of paying from the stores or somewhere else. paper money has its own use as all of the country in this world uses it. second as i said that money cant be banned so i will just skip this question. third will bitcoin surpass the paper money? this can be but still paper money has it's own job so paper money will always have a come back. we should always take care of our privacy when using digital money. we all know that most online websites is prone to hackers even government sites can be hacked.

yes its right because  paper money is still he need of every one. but now people feel Bordon having paper money in pocket. and in business point of view it is very difficult to transfer paper money from place to place, even if you are using a bank still you have visit a band and then all the procedure, cryoto currency is and specially bitcoin is making your life easier. the transaction of money from one place to another is now not a problems you can do that in seconds.

The future trend is going to digital currency, therefore the supply of paper money will be lessen as people will turn to digital money as it's easy and fast. However, we cannot erase that in the circulation as there are still other countries who were gonna adopt with digital currency, paper money is their convenience as they are living in a less developed or undeveloped countries.

I think the future of paper money remained, paper money is fiat money so the State will maintain and guard it to still exist. Although the use of the bitcoin and digital money is vast, certainly not likely eliminate the use of the bitcoin.

Well, who knows because  is difficult to imagine all the great amount of transactions that occur at any moment around the people, not only the few that are made in the banks, is unimaginable the amount of devices that would have to be used and the great economic cost for the humanity that this would have and I speak not only of acquire them but to keep them (as you know the technology needs to be replaced from time to time because it soon becomes obsolete), and not only buy them but the time that is spent or invests in using them, for the population, it is more convenient to use fiat instead of digital services in many cases, but for transfers over long distances mainly the ideal are the digital services, I believe that the more ways to do economic operations is better since it does not limit any sector of society, and guarantees the free right to buy or sell a good to meet the needs of the peoples, on the contrary, limiting it to a single medium would go against that right, in addition, from time to time, the governments of all countries should draw coins in circulation with a percentage of precious metals to guarantee the population a true value in their savings and not just paper that after a few years will have nothing of value and encourage more cheap options to boost trade between peoples.

It maybe doomed but I still can see it being used by people or country that is left behind in technology.  I think it will take long years before this paper money stops in circulating.  Developed country might trash it and change to more advance electronic money, but developing country will more likely take century to totally implement electronic money and leave paper money era.

I think so that the paper money is doomed to limit consumer, technology has advanced and complicated it is to force something that will be replaced with something more sophisticated and easy to use

According to the latest forecasts of paper money given very little chance of survival. Most professionals in the financial sector predict the imminent collapse of the paper money, and that people be helped to move to a fully digital currency with a bank transfer. But is it, only time will tell.

I do not know how anyone, but I like paper money. Of course the ease and practicality, I do not deny credit cards, but it has certain positive aspects, when you have money in your pocket. I think that I am not the only one.

State moneys or securities will always find support from all sides of the financial structures of the world. I mean the ones that affect the economic situation in the world. For example the dollar. This is the currency that will support every last.

You can bet all the same on paper money, because my time is just the money will have a leading position. In a digital control format more, and that mankind has always tried to avoid, as the authorities try to always find a reason to take part.