The future of the paper money - page 176.

Golftech

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Quote from: Sanekavg13 on November 05, 2016, 02:18:53 AM

Quote from: Jambolb2 on November 04, 2016, 03:09:04 PM

Quote from: Rastaman2016 on November 04, 2016, 01:44:37 PM

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

I would not refuse paper money too... but i don't agree with your second statement that the moral pleasure is to have paper money in wallet... because even if i have bitcoins i still feel that pleasure of having money... no matter it is in paper or digital form but it is money at the end...

Oh, yes, it's very nice when all your purses full of money. Regardless of whether they are digital or material. But still, I'm sure, that paper money will long exist

yes it was still a paper. though there's a lot of technology that was link to a money. but paper money is still a tradition in any country. yes it will still exist in the long run.

uname

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Quote from: Rastaman2016 on November 04, 2016, 01:44:37 PM

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

Lol yeah it can be said quite rich people certainly have a lot of banknotes in their wallet. I think the bill will never be lost because paper money is a symbol of money

Sanekavg13

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Quote from: Jambolb2 on November 04, 2016, 03:09:04 PM

Quote from: Rastaman2016 on November 04, 2016, 01:44:37 PM

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

I would not refuse paper money too... but i don't agree with your second statement that the moral pleasure is to have paper money in wallet... because even if i have bitcoins i still feel that pleasure of having money... no matter it is in paper or digital form but it is money at the end...

Oh, yes, it's very nice when all your purses full of money. Regardless of whether they are digital or material. But still, I'm sure, that paper money will long exist

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Quote from: brian_23452 on November 04, 2016, 06:40:51 PM

Quote from: Jambolb2 on November 04, 2016, 03:09:04 PM

Quote from: Rastaman2016 on November 04, 2016, 01:44:37 PM

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

I would not refuse paper money too... but i don't agree with your second statement that the moral pleasure is to have paper money in wallet... because even if i have bitcoins i still feel that pleasure of having money... no matter it is in paper or digital form but it is money at the end...

Yeah its only the volume that matters either in bitcoin or paper money as it gives you a feeling that you are holding good sum of money in your wallet either physical or digital and I think till bitcoin will not be used and accepted everywhere, paper money will always survive and not everyone will prefer to use bitcoins.

I use bitcoin more on my investment purpose because I do trade and hold bitcoin at the same time, my spending is only when I do gambling and pay some bills on a monthly basis, but my needs really was taken care of paper money and even the schooling of my kids.

brian_23452

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Quote from: Jambolb2 on November 04, 2016, 03:09:04 PM

Quote from: Rastaman2016 on November 04, 2016, 01:44:37 PM

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

I would not refuse paper money too... but i don't agree with your second statement that the moral pleasure is to have paper money in wallet... because even if i have bitcoins i still feel that pleasure of having money... no matter it is in paper or digital form but it is money at the end...

Yeah its only the volume that matters either in bitcoin or paper money as it gives you a feeling that you are holding good sum of money in your wallet either physical or digital and I think till bitcoin will not be used and accepted everywhere, paper money will always survive and not everyone will prefer to use bitcoins.

lionheart78

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Quote from: Jambolb2 on November 04, 2016, 03:09:04 PM

Quote from: Rastaman2016 on November 04, 2016, 01:44:37 PM

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

I would not refuse paper money too... but i don't agree with your second statement that the moral pleasure is to have paper money in wallet... because even if i have bitcoins i still feel that pleasure of having money... no matter it is in paper or digital form but it is money at the end...

I think we all want fiat money. And there is a pleasure to it. As a matter of fact, having a stash full of bitcoin is a great pleasure to me too. Reason is that, if I have lots of bitcoin, it simply means I have lots of money. Then we can go back to the psychological moment of pleasure having a possesion of have of money but in Bitcoin form. Regardless of form, fiat money or bitcoin, it is a pleasure if you have a big amount of currency at you disposal.

Lorik

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Quote from: Jambolb2 on November 04, 2016, 03:09:04 PM

Quote from: Rastaman2016 on November 04, 2016, 01:44:37 PM

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

I would not refuse paper money too... but i don't agree with your second statement that the moral pleasure is to have paper money in wallet... because even if i have bitcoins i still feel that pleasure of having money... no matter it is in paper or digital form but it is money at the end...

And I always try to keep their savings in a few currency options. Both paper and digital format. It allows me to be more confident in the future and also to get more services, as I have more opportunities.

Jambolb2

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Quote from: Rastaman2016 on November 04, 2016, 01:44:37 PM

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

I would not refuse paper money too... but i don't agree with your second statement that the moral pleasure is to have paper money in wallet... because even if i have bitcoins i still feel that pleasure of having money... no matter it is in paper or digital form but it is money at the end...

Sierra82fit

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Quote from: The_Dark_Knight on November 04, 2016, 02:10:26 PM

Quote from: Caladonian on November 04, 2016, 03:45:42 AM

Quote from: Daneric on November 04, 2016, 02:43:54 AM

Paper money is here to stay. Even if we have many forms of currencies coming up, I believe they can not out class paper money due its convenience. Depending solely on electronic currency can be very dangerous. Issues of hacking and technological challenges put electronic currency at a very high risk. The risk with paper money is minimal compared to electronic currency.

well adoption will happen but there's still a lots of older people and more third world country that won't adopt it right away so for sure paper money will still be use and never be replace of any other form of currency.

I haven’t thought of that but you are right, there seems to be some kind of generational gap when it comes to these things, for example I’m the only one in my family using crypto currency but I’m also the youngest.

For years, the eye gets information that says that paper money will soon finish its existence and people will fully enjoy digital currency only. But how it will be implemented is unclear.

The_Dark_Knight

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Quote from: Caladonian on November 04, 2016, 03:45:42 AM

Quote from: Daneric on November 04, 2016, 02:43:54 AM

Paper money is here to stay. Even if we have many forms of currencies coming up, I believe they can not out class paper money due its convenience. Depending solely on electronic currency can be very dangerous. Issues of hacking and technological challenges put electronic currency at a very high risk. The risk with paper money is minimal compared to electronic currency.

well adoption will happen but there's still a lots of older people and more third world country that won't adopt it right away so for sure paper money will still be use and never be replace of any other form of currency.

I haven’t thought of that but you are right, there seems to be some kind of generational gap when it comes to these things, for example I’m the only one in my family using crypto currency but I’m also the youngest.

Rastaman2016

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I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

gabmen

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Quote from: Positid on November 04, 2016, 01:37:23 AM

Quote from: The_Dark_Knight on November 03, 2016, 06:26:40 PM

Quote from: BitHodler on November 02, 2016, 02:36:28 PM

Quote from: The_Dark_Knight on November 02, 2016, 01:31:00 PM

Quote from: Bitcoinsummoner on November 01, 2016, 11:31:29 AM

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..

I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.

In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.

You are correct in your assessment in third world countries but even in those countries cellphones are everywhere so I’m pretty sure that usage of paper money has gone down in third world countries.

Not really, paper money will still be in demand in the third world countries as even people have the gadget that's useful to transact online but they do not have the interest to do it, they just use their internet for social media thing..

Paper money is safer and easy to use so they just stick with it.

I agree i think most people would still be reliant on paper money in the future although not as reliant as today. There will be a lot of alternatives already by then and as you've said mostly third world countries would be the ones using it

Caladonian

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Quote from: Daneric on November 04, 2016, 02:43:54 AM

Paper money is here to stay. Even if we have many forms of currencies coming up, I believe they can not out class paper money due its convenience. Depending solely on electronic currency can be very dangerous. Issues of hacking and technological challenges put electronic currency at a very high risk. The risk with paper money is minimal compared to electronic currency.

well adoption will happen but there's still a lots of older people and more third world country that won't adopt it right away so for sure paper money will still be use and never be replace of any other form of currency.

Mastsetad

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Quote from: crairezx20 on November 02, 2016, 01:05:41 PM

Quote from: Mastsetad on November 02, 2016, 12:21:25 PM

Quote from: bitdumper on November 02, 2016, 12:12:42 PM

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

Even if the people come to know about bitcoin which is way faster than paper money as a medium of payments but they would still be using paper money as they are in habit of it and it is not easy to stop doing something that has been with you for years.

It is not for habit it is money its our money it is created by our government we should use it because its declared. we can not change that there is no future money since we are using it for a long time and government will not accept to change it..

I do agree that the citizens of a country would certainly use a currency that is declared by the government but here we are talking about paper money which is a concept adopted years ago and is still going on so somehow we are in habit of using cash and it would not be easy for us to just jump into something else and stop using paper money.

Daneric

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Paper money is here to stay. Even if we have many forms of currencies coming up, I believe they can not out class paper money due its convenience. Depending solely on electronic currency can be very dangerous. Issues of hacking and technological challenges put electronic currency at a very high risk. The risk with paper money is minimal compared to electronic currency.

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Quote from: The_Dark_Knight on November 03, 2016, 06:26:40 PM

Quote from: BitHodler on November 02, 2016, 02:36:28 PM

Quote from: The_Dark_Knight on November 02, 2016, 01:31:00 PM

Quote from: Bitcoinsummoner on November 01, 2016, 11:31:29 AM

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..

I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.

In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.

You are correct in your assessment in third world countries but even in those countries cellphones are everywhere so I’m pretty sure that usage of paper money has gone down in third world countries.

Not really, paper money will still be in demand in the third world countries as even people have the gadget that's useful to transact online but they do not have the interest to do it, they just use their internet for social media thing..

Paper money is safer and easy to use so they just stick with it.

The_Dark_Knight

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Quote from: BitHodler on November 02, 2016, 02:36:28 PM

Quote from: The_Dark_Knight on November 02, 2016, 01:31:00 PM

Quote from: Bitcoinsummoner on November 01, 2016, 11:31:29 AM

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..

I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.

In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.

You are correct in your assessment in third world countries but even in those countries cellphones are everywhere so I’m pretty sure that usage of paper money has gone down in third world countries.

onelove2111

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Paper money introduced banks because of the fact that this is the cheapest way to exchange for products. It has long been stopped making gold and silver coins, so that the paper is very helpful in this regard.

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Quote from: BitHodler on November 02, 2016, 02:36:28 PM

Quote from: The_Dark_Knight on November 02, 2016, 01:31:00 PM

Quote from: Bitcoinsummoner on November 01, 2016, 11:31:29 AM

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..

I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.

In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.

The future of paper money has long been a foregone conclusion. Not the first time have heard that a couple of decades, and the people itself will abandon paper money in favor of digital currency.

BitHodler

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Quote from: The_Dark_Knight on November 02, 2016, 01:31:00 PM

Quote from: Bitcoinsummoner on November 01, 2016, 11:31:29 AM

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..

I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.

In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.

Topic: The future of the paper money - page 176. (Read 416598 times)