The future of the paper money - page 172.

mirakal

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Quote from: MONKEYJUNK on November 12, 2016, 10:01:20 PM

Quote from: ivanpoldark on November 12, 2016, 02:06:49 PM

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink

and fast, that's why we will see cash for a long time.

In a poor country, the life is not so fast so they do not need online transaction. They live a simple life and work to have the food for meals and what I know they are using paper money now and in the future. Therefore, you cannot make all people adopt with bitcoin not even in the future.

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Quote from: MONKEYJUNK on November 12, 2016, 10:01:20 PM

Quote from: ivanpoldark on November 12, 2016, 02:06:49 PM

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink

and fast, that's why we will see cash for a long time.

People can not easily change their habbit, becouse thus is not one person habbit but it is more than million peopke habbit, paper did not have intrinsic value like dinar (gold) . Bitcoin better than paper money becouse it is have no inflation.

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Quote from: ivanpoldark on November 12, 2016, 02:06:49 PM

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink

and fast, that's why we will see cash for a long time.

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Quote from: Bitcoinsummoner on November 12, 2016, 02:02:28 PM

Quote from: Aamir1 on November 12, 2016, 01:39:44 PM

Quote from: MTBTT on November 12, 2016, 09:33:28 AM

Quote from: mace15 on November 11, 2016, 06:58:23 AM

Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
to all bitcoin users.

I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

If they change paper money to a digital system where paper money wont be used anymore then there would be no use of paper money even in offline activities, but no one can say for sure that bitcoin will be that digital system of replacing paper money system.

I think digital currency like bitcoin are good only for alternative just like atm if they have no money to pay they can give atm to buy and shops in malls.. but paper but you can not use in far places without signal so paper money should be stay and use by people because its valuable..

The fact is people are used to paper money as they are using it since beginning and there is no way it can disappear in future as it holds support from the Government and they will never allow any digital currency to replace their national currency, more people will start using bitcoins in future but only as an alternative to paper money.

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we are already entering the future of the monetary system we have already seen many xontrys are really started taking action on it. india, america , europe , london , switzerland and many more no matter what strict them buts its a massive improvment since last 15years

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I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

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Quote from: Aamir1 on November 12, 2016, 01:39:44 PM

Quote from: MTBTT on November 12, 2016, 09:33:28 AM

Quote from: mace15 on November 11, 2016, 06:58:23 AM

Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
to all bitcoin users.

I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

If they change paper money to a digital system where paper money wont be used anymore then there would be no use of paper money even in offline activities, but no one can say for sure that bitcoin will be that digital system of replacing paper money system.

I think digital currency like bitcoin are good only for alternative just like atm if they have no money to pay they can give atm to buy and shops in malls.. but paper but you can not use in far places without signal so paper money should be stay and use by people because its valuable..

Aamir1

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Quote from: MTBTT on November 12, 2016, 09:33:28 AM

Quote from: mace15 on November 11, 2016, 06:58:23 AM

Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
to all bitcoin users.

I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

If they change paper money to a digital system where paper money wont be used anymore then there would be no use of paper money even in offline activities, but no one can say for sure that bitcoin will be that digital system of replacing paper money system.

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Quote from: gabmen on November 12, 2016, 12:29:16 PM

Quote from: MTBTT on November 12, 2016, 09:33:28 AM

Quote from: mace15 on November 11, 2016, 06:58:23 AM

Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
to all bitcoin users.

I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

Yeah you're right. Cryptocurrency would most likely be considered as an option for people aside from fiat. Though obviously paper money is still more needed than any other currencies, with crypto's growth many people would already be aware of it and would start using it because of ita benefits

I think paper money will be obsolete in the future though. Because, paper would be considered as a scarce resource as well as an inefficient medium for money or anything for that matter. Hence, in the future, for sure, everything will be digital. Being digital finance will follow suit. Money will become digital, it may or may not be bitcoin.

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Quote from: MTBTT on November 12, 2016, 09:33:28 AM

Quote from: mace15 on November 11, 2016, 06:58:23 AM

Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
to all bitcoin users.

I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

Yeah you're right. Cryptocurrency would most likely be considered as an option for people aside from fiat. Though obviously paper money is still more needed than any other currencies, with crypto's growth many people would already be aware of it and would start using it because of ita benefits

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Quote from: mace15 on November 11, 2016, 06:58:23 AM

Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
to all bitcoin users.

I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

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Quote from: goldcoinminer on November 12, 2016, 04:14:55 AM

Quote from: LLec on November 12, 2016, 02:22:22 AM

Paper money is a liability so it is not real good to use anymore because of the ease of counterfeiting it now. Also this and it's becoming a relic to use.

Wow really? Can you live without paper money. I guess you should know what you are saying..

Whether we like it or not, we are still force to use paper money as almost all of our needs in this world to survive especially the basic needs can only be purchase using our paper money.

Not necessarily so. While cash is without doubt useful for everyday transactions and most likely will remain so for the foreseeable future, personally, I use cash only on rare occasions and prefer paying with my bank card as much as possible. Indeed, I get a hefty cashback by my bank, but using a payment card is just outright more handy and convenient than paper money. There may be whole months without me spending a single dime as cash, and whenever I have to use cash, it is mainly due to the backwardness of the service that I have to make use of...

Or they might just be aiming at tax evasion

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Quote from: goldcoinminer on November 12, 2016, 04:14:55 AM

Quote from: LLec on November 12, 2016, 02:22:22 AM

Paper money is a liability so it is not real good to use anymore because of the ease of counterfeiting it now. Also this and it's becoming a relic to use.

Wow really? Can you live without paper money. I guess you should know what you are saying..

Whether we like it or not, we are still force to use paper money as almost all of our needs in this world to survive especially the basic needs can only be purchase using our paper money.

Why we must use paper money? paper money does nit have intrinsic value, it is different with gold. Bitcoin in operational is better than paper money. We can send money anywhere around the world in a few minute. So I think people in the future will leave fiat then use gold or bitcoin.

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Quote from: LLec on November 12, 2016, 02:22:22 AM

Paper money is a liability so it is not real good to use anymore because of the ease of counterfeiting it now. Also this and it's becoming a relic to use.

Wow really? Can you live without paper money. I guess you should know what you are saying..

Whether we like it or not, we are still force to use paper money as almost all of our needs in this world to survive especially the basic needs can only be purchase using our paper money.

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Paper money is a liability so it is not real good to use anymore because of the ease of counterfeiting it now. Also this and it's becoming a relic to use.

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Quote from: Sponsoredby15 on November 12, 2016, 12:32:10 AM

The paper money has a very big features than bitcoin i can see that paper money is more important than bitcoin but for those who really uses bitcoin bitcoin has a big difference beetween bitcoin and paper money. The most company are using fiat currency for there business and for them selves

True. But we are talking about the future of paper money. Money in the future will not be paper for sure. We can see this movement today. The world is moving from paper to paperless systems. For example, bills nowadays are sent to customers via email or other electronic means.

Leonard2016

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Quote from: Sponsoredby15 on November 12, 2016, 12:32:10 AM

The paper money has a very big features than bitcoin i can see that paper money is more important than bitcoin but for those who really uses bitcoin bitcoin has a big difference beetween bitcoin and paper money. The most company are using fiat currency for there business and for them selves

you should not copare paper money with bitcoin.

paper money is what we are all using and have no other choice of using it because all our lives are based on using it. and it is what the government controls and issues.

but bitcoin is what you can use on your own and in much less places and although it is good but it is not yet used everywhere.

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The paper money has a very big features than bitcoin i can see that paper money is more important than bitcoin but for those who really uses bitcoin bitcoin has a big difference beetween bitcoin and paper money. The most company are using fiat currency for there business and for them selves

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Quote from: freedomgo on November 11, 2016, 01:41:26 AM

Quote from: MTBTT on November 11, 2016, 12:38:55 AM

Quote from: Doamader on November 10, 2016, 07:39:31 PM

Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.

I do not think that banks will remove the bills and turn them into digital currency. I'm sure the technology would have evolved but that does not mean they will remove paper money

It's not possible, more than half of the population of the world still rely on paper money. Bitcoin is only for online transaction and not even regulated by the government, for sure the government would always want their interest to be followed and with paper money all people can be benefited.

yes that is a fact that most of the people of the world are using fiat currency as the number of bitcoin users is not too much, but we can hope that in future when the number of bitcoin users will increase then bitcoin will become more and more popular and it will reduce the use of fiat currency as the new generation trend is already toward online shopping so it is more convenient for them to use crypto currency in stead of fiat currency.

springgers

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In my opnion we will use paper money in the future just for micro payments. Nowadays isn't hard to do it digitally via banks and with bitcoin it's even simpler.

However we need paper money for daily things/micro spends.

Topic: The future of the paper money - page 172. (Read 416566 times)