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.
Topic: The future of the paper money - page 177. (Read 416598 times)
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. 
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.
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's right. People are guided by habit and do not trust something new. They are afraid of losing their capital and left with nothing. Therefore, Fiat will long be used by people
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's right. People are guided by habit and do not trust something new. They are afraid of losing their capital and left with nothing. Therefore, Fiat will long be used by people
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.
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
We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.
Well isn't the cryptoworld created by the people in the real world? Supposedly there is no difference because of the links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world. Well we can't blame them, they want it all controlled and bitcoin is hard to control.
They don't need to control Bitcoin directly. Given that 90% (or even more than that) of all miners reside in China, and miners are the ones who come the closest to whoever might gain control over Bitcoin, the Chinese government has all the necessary tools to control miners, and through them control Bitcoin. Obviously, they can't do it openly since that would cast a shadow on Bitcoin itself while killing it (or trying to kill) would mean losing any control over it altogether. Besides, the level of control they might exert is rather limited per se due to the robust nature of Bitcoin. Moreover, they most likely don't want to control Bitcoin in the way the majority of Bitcoin users think they would...
But this doesn't in the least mean that they don't have an agenda
Assuming China could control miners (not saying I buy that possibility), is there a way to prevent mining in a specific area? Could the Bitcoin board block Chinese mining traffic to restore integrity to the system? (Is that technically possible?) Or because it's decentralized, they have no way to restrict who can mine?
Those are hard questions my friend.
Is there really a way to answer those? I think you would need someone with a good knowledge with the financial industry which is specializing in crypto currencies. 
We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.
Well isn't the cryptoworld created by the people in the real world? Supposedly there is no difference because of the links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world. Well we can't blame them, they want it all controlled and bitcoin is hard to control.
They don't need to control Bitcoin directly. Given that 90% (or even more than that) of all miners reside in China, and miners are the ones who come the closest to whoever might gain control over Bitcoin, the Chinese government has all the necessary tools to control miners, and through them control Bitcoin. Obviously, they can't do it openly since that would cast a shadow on Bitcoin itself while killing it (or trying to kill) would mean losing any control over it altogether. Besides, the level of control they might exert is rather limited per se due to the robust nature of Bitcoin. Moreover, they most likely don't want to control Bitcoin in the way the majority of Bitcoin users think they would...
But this doesn't in the least mean that they don't have an agenda
Assuming China could control miners (not saying I buy that possibility), is there a way to prevent mining in a specific area? Could the Bitcoin board block Chinese mining traffic to restore integrity to the system? (Is that technically possible?) Or because it's decentralized, they have no way to restrict who can mine?
Paper money will keep be used while we moove into the digital era, the world is already very connected, but moove from printed to digital will mean a lot of improvements into the actual system and poor countries will need big investment.
I think paper money would still be used in the future. given the paper money has a way of making easy and use is practical, it makes it a very good transaction tool to use now, even since the first. I just think that tools other transactions will be used as an alternative, so paper money may not be replaced, and always in the update
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..
Its really impossible for paper money would be gone because its being replaced by another crypto currency which is really impossible though. As you mentioned government can produce anytime fiat money if the demand arises because of population inflation.. The future of paper money is still strong and no one could able to replace it anytime soon.
The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two.
I think that paper money and bitcoin are both different because bitcoin is mostly considered as investment like gold and silver but paper money is used in daily life for doing all expenses to live. But when bitcoin will come to main stream like paper money uses we can use bitcoin then their wont be paper money.
Paper money won't be useless soon, considering the new Euro and Dollar bills that are or will be printed now and soon.
Its really impossible for paper money would be gone because its being replaced by another crypto currency which is really impossible though. As you mentioned government can produce anytime fiat money if the demand arises because of population inflation.. The future of paper money is still strong and no one could able to replace it anytime soon.
The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two.
I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
I understand what you mean by that. Well, as for me, I also love the usual paper money however I am also with Bitcoin as it is providing a viable alternative away from the control of central banking system. No, I don't believe that paper money will be out of existence in the near future. Bitcoin and other cryptocurrencies will co-exist with paper money for sure. And there is no need to choose one over the other, in my humble opinion.
We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.
Well isn't the cryptoworld created by the people in the real world? Supposedly there is no difference because of the links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world. Well we can't blame them, they want it all controlled and bitcoin is hard to control.
They don't need to control Bitcoin directly. Given that 90% (or even more than that) of all miners reside in China, and miners are the ones who come the closest to whoever might gain control over Bitcoin, the Chinese government has all the necessary tools to control miners, and through them control Bitcoin. Obviously, they can't do it openly since that would cast a shadow on Bitcoin itself while killing it (or trying to kill) would mean losing any control over it altogether. Besides, the level of control they might exert is rather limited per se due to the robust nature of Bitcoin. Moreover, they most likely don't want to control Bitcoin in the way the majority of Bitcoin users think they would...
But this doesn't in the least mean that they don't have an agenda
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Its really impossible for paper money would be gone because its being replaced by another crypto currency which is really impossible though. As you mentioned government can produce anytime fiat money if the demand arises because of population inflation.. The future of paper money is still strong and no one could able to replace it anytime soon.
The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two.
We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.
Well isn't the cryptoworld created by the people in the real world? Supposedly there is no difference because of the links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world. Well we can't blame them, they want it all controlled and bitcoin is hard to control.
We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.
Well isn't the cryptoworld created by the people in the real world? Supposedly there is no difference because of the links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world. Well we can't blame them, they want it all controlled and bitcoin is hard to control.
Exactly, and if they can't control it they would probably not let it replace paper money because paper money is in their control and they never want to lose that control, so even if bitcoin replaces paper money but it is controlled by the authorities somehow then there would be no difference between them.
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