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Topic: The future of the paper money - page 168. (Read 416598 times)

jr. member
Activity: 35
Merit: 10
November 24, 2016, 01:46:22 AM
Paper money will probably be around here for many years, maybe decades. I think Bitcoin will be a successful currency before that, but there will be people who will continue to use conventional forms of payment, especially people who are resistant to adopting new technologies.
legendary
Activity: 2044
Merit: 1115
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November 24, 2016, 01:39:43 AM
Maybe paper money in that time would be obselete but it will never be gone. Some people especially those who are in rural areas still be needing paper money because most of them are not aware of technology and the internet signal is that good so paper money would still be their primary mode of payments.

I'm sure at times people thought the same of gold-backed currency; that no matter how convenient fiat was, it would always need be be backed by gold in order to have value. That clearly hasn't been true. Money is no longer backed by gold and the economy is fine. Perhaps the reliance on paper money is similarly over-stated.
legendary
Activity: 3108
Merit: 1290
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November 24, 2016, 01:37:05 AM
Maybe paper money in that time would be obselete but it will never be gone. Some people especially those who are in rural areas still be needing paper money because most of them are not aware of technology and the internet signal is that good so paper money would still be their primary mode of payments.

No matter how far the technology will reach in the future, paper money will still be the basic currency to be used by people. No matter how many cryptocurrencies will appear and be made, people cannot disregard the use of paper money for it is the money that can be held physically and can be used even without internet connection and without electricity.
That's the reality, we cannot live without paper money.. We need it for our daily needs as bitcoin can only be use for online transaction.
Who can, even now that we are using bitcoin we still have to convert it to fiat or paper money for us to use this. Bitcoin is still young and we cannot rely on our future with it, paper money has been in circulation for many years and it will remain there.
legendary
Activity: 3248
Merit: 1160
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November 24, 2016, 12:47:19 AM
Maybe paper money in that time would be obselete but it will never be gone. Some people especially those who are in rural areas still be needing paper money because most of them are not aware of technology and the internet signal is that good so paper money would still be their primary mode of payments.

No matter how far the technology will reach in the future, paper money will still be the basic currency to be used by people. No matter how many cryptocurrencies will appear and be made, people cannot disregard the use of paper money for it is the money that can be held physically and can be used even without internet connection and without electricity.
That's the reality, we cannot live without paper money.. We need it for our daily needs as bitcoin can only be use for online transaction.
sr. member
Activity: 336
Merit: 250
November 23, 2016, 10:53:21 PM
Maybe paper money in that time would be obselete but it will never be gone. Some people especially those who are in rural areas still be needing paper money because most of them are not aware of technology and the internet signal is that good so paper money would still be their primary mode of payments.

No matter how far the technology will reach in the future, paper money will still be the basic currency to be used by people. No matter how many cryptocurrencies will appear and be made, people cannot disregard the use of paper money for it is the money that can be held physically and can be used even without internet connection and without electricity.
hero member
Activity: 2464
Merit: 594
November 23, 2016, 08:37:44 PM
Maybe paper money in that time would be obselete but it will never be gone. Some people especially those who are in rural areas still be needing paper money because most of them are not aware of technology and the internet signal is that good so paper money would still be their primary mode of payments.
full member
Activity: 224
Merit: 100
November 23, 2016, 07:57:15 PM
I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.
Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.
Paper money never replace with anything, but for quantity will be decrease because still use for small transactions. Electronic money will replace for big transactions, so the future all peoples will have account number to save their money.
Thanks for being realistic, it will never be replace of course because bitcoin is just new and bitcoin has no value for now without fiat. In the future, there's still less possibility because we know how strong fiat is and bitcoin is not that stable. Maybe they will go hand and in and will help each other to improve.
Bitcoin only as an alternative, not may eliminate paper money, as well as documents that are still printed on paper even though there is already a computer technology, hard disk and server.
hero member
Activity: 3052
Merit: 685
November 23, 2016, 07:48:11 PM
I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.
Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.
Paper money never replace with anything, but for quantity will be decrease because still use for small transactions. Electronic money will replace for big transactions, so the future all peoples will have account number to save their money.
Thanks for being realistic, it will never be replace of course because bitcoin is just new and bitcoin has no value for now without fiat. In the future, there's still less possibility because we know how strong fiat is and bitcoin is not that stable. Maybe they will go hand and in and will help each other to improve.
full member
Activity: 238
Merit: 100
November 23, 2016, 06:40:51 PM
I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.
Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.
Paper money never replace with anything, but for quantity will be decrease because still use for small transactions. Electronic money will replace for big transactions, so the future all peoples will have account number to save their money.
full member
Activity: 204
Merit: 100
November 23, 2016, 06:34:18 PM
I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.
Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.
hero member
Activity: 938
Merit: 500
November 23, 2016, 05:55:35 PM
I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.
hero member
Activity: 938
Merit: 500
November 23, 2016, 05:50:00 PM
The new generation almost all had a phone with internet at it, we do use for a long time those equipements, i dont know how long it will take but i believe the current printed money wont last more then 70 years from now, if they keep it the way it is would be insane.

ROFLMAO.... 70 years is a long time.... I don't know whether humanity will survive for that long. With global warming and the possibility of a World War III, we may destroy our planet much earlier than that date. Still... fiat currency has existed for more than two thousand years... My guess is that it will survive as long as the humanity exists.

War? Really you do believe on those, it wont happen wars are too expensive and we are facing financial problems starting a war now would colapse all economies, i havent said the fiat will be over, im saying the market its changing and digital era will replace the current printed money. People are taking care about their actions, atleast there is a concern to adapt the economies of the world.
sr. member
Activity: 243
Merit: 250
November 23, 2016, 05:48:01 PM
Future of Bitcoin economy can be said to increase as many are interested in this digital currency. Besides, what else as the transaction is also easy and fast. can replace the value of paper money is too many. But all back to GOD Almighty bitcoin future if this will be good or bad.
I think the future although later all transactions will be digital, but I thought it was not going to make paper money becomes disappeared, although I'm sure in the future everyone is using digital money, but occasional paper money will certainly be used
The danger lies for bitcoin in the bitcoin, in the format in which it currently exists. Anonymity can sometimes act as a negative factor that attracts different people who can take advantage of it.
hero member
Activity: 490
Merit: 500
November 23, 2016, 05:35:58 PM
Future of Bitcoin economy can be said to increase as many are interested in this digital currency. Besides, what else as the transaction is also easy and fast. can replace the value of paper money is too many. But all back to GOD Almighty bitcoin future if this will be good or bad.
I think the future although later all transactions will be digital, but I thought it was not going to make paper money becomes disappeared, although I'm sure in the future everyone is using digital money, but occasional paper money will certainly be used
hero member
Activity: 756
Merit: 520
November 23, 2016, 05:02:10 PM
I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.
Agree with you that fiat will exist even bitcoin would be more popular in the future since bitcoin is decentralized currency it can only used in online trnasaction and fiat is much prefer for more people who are not aware in bitcoin.

Fiat money will exist but probably it will be in a cashless system, paper money is doomed, it is destined to be obsolete,  there are several country that is planning to shift in a cashless society.  And there are lots of services where you don't need paper money for transaction, instead you just need cards or services like that in order to pay for your items.  The setup of the current world is more likely to eliminate paper money and  bitcoin strengthen that setup.
In my opinion the paper money remains not so much in the second. The fact that he walked with the times, the world will be reconstructed at all digital. For all digitally stored second to money will get too.

It can indeed happen, for now most of the things we are doing is using digital and only a few we do using paper money. so a bitcoin can be a solution in the bitcoin needs, but it is all also see condition that occurs in the future, because we will not know for sure how the future will we encounter. Just pray and work as best as possible for the future
full member
Activity: 158
Merit: 100
November 23, 2016, 04:51:14 PM
I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.
Agree with you that fiat will exist even bitcoin would be more popular in the future since bitcoin is decentralized currency it can only used in online trnasaction and fiat is much prefer for more people who are not aware in bitcoin.

Fiat money will exist but probably it will be in a cashless system, paper money is doomed, it is destined to be obsolete,  there are several country that is planning to shift in a cashless society.  And there are lots of services where you don't need paper money for transaction, instead you just need cards or services like that in order to pay for your items.  The setup of the current world is more likely to eliminate paper money and  bitcoin strengthen that setup.
In my opinion the paper money remains not so much in the second. The fact that he walked with the times, the world will be reconstructed at all digital. For all digitally stored second to money will get too.
full member
Activity: 195
Merit: 100
November 23, 2016, 04:01:59 PM
Future of Bitcoin economy can be said to increase as many are interested in this digital currency. Besides, what else as the transaction is also easy and fast. can replace the value of paper money is too many. But all back to GOD Almighty bitcoin future if this will be good or bad.

Everyone of us are expectinv that vlthe value of bitcoin will increase in the future. It's true that having a bitcoin makes easier for us to transact because it is online. But I don't think it will replace paper money it will be forever.
Personally, I have to change anything is not going to. I have a digital money for Internet and paper to real life. Why do I have to invent the wheel again. And so I was happy with everything ..
legendary
Activity: 3010
Merit: 1280
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November 20, 2016, 10:40:27 AM
I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.
Agree with you that fiat will exist even bitcoin would be more popular in the future since bitcoin is decentralized currency it can only used in online trnasaction and fiat is much prefer for more people who are not aware in bitcoin.

Fiat money will exist but probably it will be in a cashless system, paper money is doomed, it is destined to be obsolete,  there are several country that is planning to shift in a cashless society.  And there are lots of services where you don't need paper money for transaction, instead you just need cards or services like that in order to pay for your items.  The setup of the current world is more likely to eliminate paper money and  bitcoin strengthen that setup.
hero member
Activity: 644
Merit: 500
November 20, 2016, 10:23:30 AM
Future of Bitcoin economy can be said to increase as many are interested in this digital currency. Besides, what else as the transaction is also easy and fast. can replace the value of paper money is too many. But all back to GOD Almighty bitcoin future if this will be good or bad.

Everyone of us are expectinv that vlthe value of bitcoin will increase in the future. It's true that having a bitcoin makes easier for us to transact because it is online. But I don't think it will replace paper money it will be forever.
hero member
Activity: 756
Merit: 501
November 20, 2016, 10:03:02 AM
I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.
Bitcoin does allow all to make money being a trader or investor, why do you have bitcoins, why do you buy bitcoins? Some people are buying bitcoin to avoid the loss their local currencie does has, like Venezuela. Fiat will always be used, but the printed money it should improve and moove into digital as bitcoin is currently, makes no sense print money nowadays, its more a waste then any other thing, but we need to improve and upgrade a lot, till the day internet its free for all, and computers and mobiles become cheaper.
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