The future of the paper money - page 164.

Positid

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BULL RUN until 2030

Quote from: Mario274 on December 02, 2016, 04:29:54 PM

Quote from: FLoving on December 02, 2016, 03:40:31 PM

Quote from: Japinat on December 01, 2016, 09:42:29 PM

Quote from: JANGKRIK BOSS on December 01, 2016, 08:24:35 PM

Paper money will never be replace, not all transactions can be done with digital money, it is like the case with the use of paper for archival main documents or finance documents.

Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.

You have right point I was of the view that the people are going to use only digital means of payment in their future life and will forget the paper but with your points I have started to think about the government which is playing a good role in preserving paper money for their nations and will never like to replace it with any other thing/currency.

Many people still do not even know about the existence of Bitcoin. It's still early to say that it will replace paper money. It will take a lot of years before that happens. Maybe this will not happen

Though they have no idea about bitcoin for now but we expect that they will learn it in the future, people who love to transact online are the first to know and basically would adopt with bitcoin, even though it will be popular in the future but paper money of fiat will always be here to serve us.

Mario274

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Quote from: FLoving on December 02, 2016, 03:40:31 PM

Quote from: Japinat on December 01, 2016, 09:42:29 PM

Quote from: JANGKRIK BOSS on December 01, 2016, 08:24:35 PM

Paper money will never be replace, not all transactions can be done with digital money, it is like the case with the use of paper for archival main documents or finance documents.

Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.

You have right point I was of the view that the people are going to use only digital means of payment in their future life and will forget the paper but with your points I have started to think about the government which is playing a good role in preserving paper money for their nations and will never like to replace it with any other thing/currency.

Many people still do not even know about the existence of Bitcoin. It's still early to say that it will replace paper money. It will take a lot of years before that happens. Maybe this will not happen

FLoving

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Quote from: Japinat on December 01, 2016, 09:42:29 PM

Quote from: JANGKRIK BOSS on December 01, 2016, 08:24:35 PM

Paper money will never be replace, not all transactions can be done with digital money, it is like the case with the use of paper for archival main documents or finance documents.

Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.

You have right point I was of the view that the people are going to use only digital means of payment in their future life and will forget the paper but with your points I have started to think about the government which is playing a good role in preserving paper money for their nations and will never like to replace it with any other thing/currency.

mastica

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I doubt gold can be exchanged into the big fortunes hold at banks, gold has it time already of being main currency. The current fiat system is better then gold, since it can be printed new money anytime, they does control the money into circulation. I doubt bitcoin wil replace any of those, neither gold neither fiat printed money, we are going to swicth to digital fiat, atleast we are doing several things from home with our computers as well cellphones.

farl2web

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Quote from: sportis on December 02, 2016, 10:55:55 AM

The bank notes of every country except used as financial transaction mean have also historical value for their citizens. Additionally, we should not forget that many people "do not understand that they have money" if they can not hold it and count with their hands. Based on these and perhaps other reasons I do not now remember it is difficult banknotes to disappear in the near future

Banks still do not use paper money, and only in electronic form or by bank transfer all business. Paper money only for people need.

sportis

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Veni, Vidi, Vici

The bank notes of every country except used as financial transaction mean have also historical value for their citizens. Additionally, we should not forget that many people "do not understand that they have money" if they can not hold it and count with their hands. Based on these and perhaps other reasons I do not now remember it is difficult banknotes to disappear in the near future

deisik

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Quote from: agamasrori on December 02, 2016, 05:03:17 AM

Quote from: SidaroffVany on December 02, 2016, 01:08:44 AM

Quote from: Japinat on December 01, 2016, 09:42:29 PM

Quote from: JANGKRIK BOSS on December 01, 2016, 08:24:35 PM

Paper money will never be replace, not all transactions can be done with digital money, it is like the case with the use of paper for archival main documents or finance documents.

Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.

I do not think that should be so skeptical that paper money in general have ceased to exist in the near future. It seems to me that these words specifically aimed at to influence the minds of the people, if it is unavoidable. But this is not the case.

However, paper money is just paper, it isn't have intrinsic value. It's different with gold that was used before paper money created. I am sure that paper money will replaced by gold.

So far paper money had replaced gold, and there is no reason to think that gold is going to replace fiat any time soon. I don't know of a single example in the recent history when paper money was replaced by gold. There were many talks about returning to gold standard of sorts, someone like Muammar Gaddafi even suggesting to issue the gold dinar, but these had remained only idle talks. Just in case, Bitcoin has no intrinsic value either, save for transactional utility only...

But fiat money has this utility as well

audaciousbeing

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Quote from: altcoinnxt on December 02, 2016, 06:22:48 AM

Paper money will never disappear, many people use it and that is very good. It is their money that they use so it is important for them.
Of course we can see that the Bitcoin will be more used now and that is also very great to see.

I agree that paper money influence is actually reducing but I am not sure of its eradication even if possible I don't see Bitcoin taking its place. Even as at now over here, the era of carrying cash is gradually fading away as I can practically pay for everything without having to use cash via mobile money and various bank applications. Until when Bitcoin is legalized then that is when I see competition.

altcoinnxt

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Paper money will never disappear, many people use it and that is very good. It is their money that they use so it is important for them.
Of course we can see that the Bitcoin will be more used now and that is also very great to see.

serjent05

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Quote from: agamasrori on December 02, 2016, 05:03:17 AM

Quote from: SidaroffVany on December 02, 2016, 01:08:44 AM

Quote from: Japinat on December 01, 2016, 09:42:29 PM

Quote from: JANGKRIK BOSS on December 01, 2016, 08:24:35 PM

Paper money will never be replace, not all transactions can be done with digital money, it is like the case with the use of paper for archival main documents or finance documents.

Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.

I do not think that should be so skeptical that paper money in general have ceased to exist in the near future. It seems to me that these words specifically aimed at to influence the minds of the people, if it is unavoidable. But this is not the case.

However, paper money is just paper, it isn't have intrinsic value. It's different with gold that was used before paper money created. I am sure that paper money will replaced by gold.

I don't think gold will replace paper money, paper money will cease to exist but instead of gold, I think the next thing will be cashless society but probably it will use cryptocurreny and not gold as currency. It is evident since banks are now studying how to take advantage of blockchain technology and apply it to their advantage.

agamasrori

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Quote from: SidaroffVany on December 02, 2016, 01:08:44 AM

Quote from: Japinat on December 01, 2016, 09:42:29 PM

Quote from: JANGKRIK BOSS on December 01, 2016, 08:24:35 PM

Paper money will never be replace, not all transactions can be done with digital money, it is like the case with the use of paper for archival main documents or finance documents.

Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.

I do not think that should be so skeptical that paper money in general have ceased to exist in the near future. It seems to me that these words specifically aimed at to influence the minds of the people, if it is unavoidable. But this is not the case.

However, paper money is just paper, it isn't have intrinsic value. It's different with gold that was used before paper money created. I am sure that paper money will replaced by gold.

SidaroffVany

sr. member

Activity: 240

Merit: 250

Quote from: Japinat on December 01, 2016, 09:42:29 PM

Quote from: JANGKRIK BOSS on December 01, 2016, 08:24:35 PM

Paper money will never be replace, not all transactions can be done with digital money, it is like the case with the use of paper for archival main documents or finance documents.

Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.

I do not think that should be so skeptical that paper money in general have ceased to exist in the near future. It seems to me that these words specifically aimed at to influence the minds of the people, if it is unavoidable. But this is not the case.

Japinat

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Quote from: JANGKRIK BOSS on December 01, 2016, 08:24:35 PM

Paper money will never be replace, not all transactions can be done with digital money, it is like the case with the use of paper for archival main documents or finance documents.

Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.

JANGKRIK BOSS

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Paper money will never be replace, not all transactions can be done with digital money, it is like the case with the use of paper for archival main documents or finance documents.

sotoshihero

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Activity: 850

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The future of paper money will not be totally eliminated since it is what we used to trade several hundred years ago and with the absence of online technology.Also, using this cryptocurrency has also a learning curve and needs computer knowledge for one to appreciate.

Wowcoin

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The future of paper money is always the same as for now. Because we use it in our daily living to buy anything that we like to buy using paper money. They said that it can be replace it in bitcoin but i think its could not happen.

Skarner21

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Activity: 700

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Massive price drop coming...

Quote from: rizkyhiw on December 01, 2016, 05:34:50 PM

Quote from: Holly-Dolly on December 01, 2016, 04:26:54 PM

Quote from: diodio5 on December 01, 2016, 04:49:09 AM

Quote from: AndySt on November 29, 2016, 04:01:15 PM

Quote from: Zisove28 on November 29, 2016, 03:46:16 PM

I fully agree with the fact that there are always wishing to use paper money. Even if you implement the latest technology in popularity of paper money will remain high

I agree, the demand for paper money still remains and will remain and it is not necessary artificially to deal with it at least for the sake of insurance against unforeseen circumstances.

for the current and future demand for banknotes is certainly still high. but will not know what will happen to the future, many people say that the online and virtual technology will dominate, we do not know the future of paper money

People are not prepared and do not perceive Bitcoin as the main currency in the world. This will be the collapse of the whole. Therefore, you need only a gradual transition and interested users.

i believe it could be happened , nothing impossible
100 years ago people think something like telephone / cellular phone
a device to make conversation from distance remotely is impossible thing
but now hey look at everyone , it's more than just a normal/usual thing , so do in currency, bitcoin could be used as official global currency.

Well for me it is impossible to happen since we have already fiat that we can use locally so bitcoin just a good alternative and i think we can just use it through the internet buy something we want or pay for a service online.. we can also use it to buy locally just like atm accepting in stores locally..
Many people will not accept bitcoin as payment since it is digital currency if you notice the payper money you can see almost old president and heroes like here in my country our paper money here there is a face of old president and heroes..
Bitcoin is just a sign of B so it is impossible that bitcoin will be the future money..

rizkyhiw

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Activity: 1484

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Quote from: Holly-Dolly on December 01, 2016, 04:26:54 PM

Quote from: diodio5 on December 01, 2016, 04:49:09 AM

Quote from: AndySt on November 29, 2016, 04:01:15 PM

Quote from: Zisove28 on November 29, 2016, 03:46:16 PM

I fully agree with the fact that there are always wishing to use paper money. Even if you implement the latest technology in popularity of paper money will remain high

I agree, the demand for paper money still remains and will remain and it is not necessary artificially to deal with it at least for the sake of insurance against unforeseen circumstances.

for the current and future demand for banknotes is certainly still high. but will not know what will happen to the future, many people say that the online and virtual technology will dominate, we do not know the future of paper money

People are not prepared and do not perceive Bitcoin as the main currency in the world. This will be the collapse of the whole. Therefore, you need only a gradual transition and interested users.

i believe it could be happened , nothing impossible
100 years ago people think something like telephone / cellular phone
a device to make conversation from distance remotely is impossible thing
but now hey look at everyone , it's more than just a normal/usual thing , so do in currency, bitcoin could be used as official global currency.

Orion25

full member

Activity: 239

Merit: 250

Quote from: salemon on December 01, 2016, 03:25:25 PM

The society portrayed fiction future times of economic realities or repeat today, or are a caricature of a hypothetical past, or are very much wishful thinking. But how will things were with paper money is not difficult to assume. Although very soon see for yourself.

Nothing wrong with that Bitcoin will begin to occupy a niche in the financial world. Maybe the people at least a little acquainted with the opportunities and dignity Bitcoin understand that it is their future.

Holly-Dolly

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Quote from: diodio5 on December 01, 2016, 04:49:09 AM

Quote from: AndySt on November 29, 2016, 04:01:15 PM

Quote from: Zisove28 on November 29, 2016, 03:46:16 PM

I fully agree with the fact that there are always wishing to use paper money. Even if you implement the latest technology in popularity of paper money will remain high

I agree, the demand for paper money still remains and will remain and it is not necessary artificially to deal with it at least for the sake of insurance against unforeseen circumstances.

for the current and future demand for banknotes is certainly still high. but will not know what will happen to the future, many people say that the online and virtual technology will dominate, we do not know the future of paper money

People are not prepared and do not perceive Bitcoin as the main currency in the world. This will be the collapse of the whole. Therefore, you need only a gradual transition and interested users.

Topic: The future of the paper money - page 164. (Read 416601 times)