The future of the paper money - page 179.

socks435

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Quote from: tripplewarz on October 27, 2016, 01:24:33 PM

Quote from: pyata4ok on October 27, 2016, 12:17:04 PM

If the banking system will continue to exist, in any case, the banks will have a money exchange. And the cheapest material for their printing is paper. Of course, maybe come up with something else. But while there will be paper.

Maybe better to melt the gold and silver coins and nachekanit as in the old days would be. And the paper in general is of no value, except for those assets that spent on its production. The time will come, and even the paper is in short supply.

Good idea i think its more worth it if we melt gold and silver as our money to and paper money will no value .
Because gold and silver have different value..

tripplewarz

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Quote from: pyata4ok on October 27, 2016, 12:17:04 PM

If the banking system will continue to exist, in any case, the banks will have a money exchange. And the cheapest material for their printing is paper. Of course, maybe come up with something else. But while there will be paper.

Maybe better to melt the gold and silver coins and nachekanit as in the old days would be. And the paper in general is of no value, except for those assets that spent on its production. The time will come, and even the paper is in short supply.

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Quote from: Gilf on October 27, 2016, 11:44:43 AM

Quote from: icecube45 on October 27, 2016, 10:47:15 AM

Quote from: horace08122 on October 27, 2016, 10:41:28 AM

Not much I can imagine modern life without paper money. Maybe something else will come up in the future, on the example of what a credit card, but the image of the Stone Age, when used instead of paper naturally precious metal, so this will not be.

I think the paper money will continue until whenever, although in the future. Because paper money is a payment that is practical and is perfect. The payment method in the digital age will increase but will not change the paper money, may be just another way of payment in addition to paper money.

Paper currencies have not outlived their usefulness. Maybe they will suffer some changes, but the fact is that in exchange for any product that people will use it. And I think paper money.

yeah i think so too. it's still going to be paper money in the coming years. if it will be replaced by anything different, then we may be looking at several decades and we may not be alive when time comes that paper money is not the main currency of all countries.

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If the banking system will continue to exist, in any case, the banks will have a money exchange. And the cheapest material for their printing is paper. Of course, maybe come up with something else. But while there will be paper.

Gilf

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Quote from: icecube45 on October 27, 2016, 10:47:15 AM

Quote from: horace08122 on October 27, 2016, 10:41:28 AM

Not much I can imagine modern life without paper money. Maybe something else will come up in the future, on the example of what a credit card, but the image of the Stone Age, when used instead of paper naturally precious metal, so this will not be.

I think the paper money will continue until whenever, although in the future. Because paper money is a payment that is practical and is perfect. The payment method in the digital age will increase but will not change the paper money, may be just another way of payment in addition to paper money.

Paper currencies have not outlived their usefulness. Maybe they will suffer some changes, but the fact is that in exchange for any product that people will use it. And I think paper money.

tenk

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Paper money is expensive and unnecessary and soon will face oblivion.
But i can't except that bitcoin will be his successor. Banks already have their ideas maybe even "better" for them, with endless supply of total coins ..Maybe even on blockchain.

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Quote from: icecube45 on October 27, 2016, 10:47:15 AM

Quote from: horace08122 on October 27, 2016, 10:41:28 AM

Not much I can imagine modern life without paper money. Maybe something else will come up in the future, on the example of what a credit card, but the image of the Stone Age, when used instead of paper naturally precious metal, so this will not be.

I think the paper money will continue until whenever, although in the future. Because paper money is a payment that is practical and is perfect. The payment method in the digital age will increase but will not change the paper money, may be just another way of payment in addition to paper money.

Maybe the system of paper money would get finished in future as the world is getting more digital with the time and technology is getting more and more developed with the time, so maybe the paper money system will be replaced by some digital system, that can be any other system maybe not bitcoin, because the governments would probably make that system able to be controlled by them obviously.

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Quote from: horace08122 on October 27, 2016, 10:41:28 AM

Not much I can imagine modern life without paper money. Maybe something else will come up in the future, on the example of what a credit card, but the image of the Stone Age, when used instead of paper naturally precious metal, so this will not be.

I think the paper money will continue until whenever, although in the future. Because paper money is a payment that is practical and is perfect. The payment method in the digital age will increase but will not change the paper money, may be just another way of payment in addition to paper money.

horace08122

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Not much I can imagine modern life without paper money. Maybe something else will come up in the future, on the example of what a credit card, but the image of the Stone Age, when used instead of paper naturally precious metal, so this will not be.

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Quote from: freedomgo on October 27, 2016, 06:38:49 AM

Quote from: jonpande on October 27, 2016, 06:02:13 AM

I think the paper money will never mati.uang paper will of course be there in the future. Many people need it and are very important to them, especially the elderly.
Although people started using other digital currencies, there are some transactions that need the cash deal. paper money will always be the main mode of payment for the transaction.

Exactly, therefore the world will never go into paper less although we like it to happen. Digital currencies will succeed and be popular but this world has different people living and we are in a different situation, there are even other tribe that does not uses fiat in transacting, so how can we accommodate them if they are too late to adopt.

The elderly will eventually going to die and they most likely die sooner than us. Those 'tribes' aren't our concern here. They didn't embrace the idea of fiat so we cannot expect them to use bitcoin. Once crypto-currency becomes a thing and once the majority of people starts using it, the rest of the population can only adapt it. After all, humans have that capacity or instinct to adapt the society.

ronald0cz

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I believe paper money will disappear over time naturally. In the same time bitcoin can overtook fiat currencies and many people moved over to that.

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Quote from: jonpande on October 27, 2016, 06:02:13 AM

I think the paper money will never mati.uang paper will of course be there in the future. Many people need it and are very important to them, especially the elderly.
Although people started using other digital currencies, there are some transactions that need the cash deal. paper money will always be the main mode of payment for the transaction.

Exactly, therefore the world will never go into paper less although we like it to happen. Digital currencies will succeed and be popular but this world has different people living and we are in a different situation, there are even other tribe that does not uses fiat in transacting, so how can we accommodate them if they are too late to adopt.

jonpande

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I think the paper money will never mati.uang paper will of course be there in the future. Many people need it and are very important to them, especially the elderly.
Although people started using other digital currencies, there are some transactions that need the cash deal. paper money will always be the main mode of payment for the transaction.

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Quote from: mindrust on October 26, 2016, 03:03:42 PM

I used to consider buying an American made electric guitar 10 years ago. That guitar had a 2000$ price tag back then. Now it has a 4000$ price tag. It is completely the same guitar. What changed? We are talking about the USA, one of the wealthiest country on earth, i remind you. This shit pretty much looks like an inflation to me

There can be a lot of factors at play including that of inflation, though I don't think that it plays the major role here. It may well be that electric guitars have become less popular than they were some 10 years ago and thus became a niche product (not that they hadn't been before but still), so the manufacturing costs might have risen abruptly due to economy of scale working in reverse...

On the other hand, an average computer today costs almost the same it did 10 years, but its performance is incomparable

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Quote from: mindrust on October 26, 2016, 03:03:42 PM

I used to consider buying an American made electric guitar 10 years ago. That guitar had a 2000$ price tag back then. Now it has a 4000$ price tag. It is completely the same guitar. What changed? We are talking about the USA, one of the wealthiest country on earth, i remind you. This shit pretty much looks like an inflation to me. And inflation kills Fiat pretty easy. Do you think the US will come up with 200$ bank notes? I dont think so. It would be the end of USD. But it doesnt change anything. USD will die either way. Fiat money has a lifespan of 100 years at most. Nothing can change that.

We are still compel to use paper money because the government dictate the economy and although inflation is apparent we have to play with it and one of the best to fight inflation is to invest as we can grow our money although the value will inflate.

Putting our money in bitcoin is one of the good example to fight inflation and it has been noted that more investors are successful with the action.

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I used to consider buying an American made electric guitar 10 years ago. That guitar had a 2000$ price tag back then. Now it has a 4000$ price tag. It is completely the same guitar. What changed? We are talking about the USA, one of the wealthiest country on earth, i remind you. This shit pretty much looks like an inflation to me. And inflation kills Fiat pretty easy. Do you think the US will come up with 200$ bank notes? I dont think so. It would be the end of USD. But it doesnt change anything. USD will die either way. Fiat money has a lifespan of 100 years at most. Nothing can change that.

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Quote from: qyzackk on October 26, 2016, 11:11:21 AM

The next ten years can actually be solved paper money or not. The fact that already in all slander information about how that digital money supplant paper very soon. The truth is no one has yet said whether the people are ready for such innovation.

People may or may not be ready, but the government may push it down their throats.
For the government, if the money trail is electronic, it is easier to trace and control.

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Quote from: CryptoBjorn on October 25, 2016, 02:16:16 AM

Quote from: Amph on September 21, 2015, 05:50:42 AM

Quote from: edward222 on September 21, 2015, 03:24:40 AM

Paper money will stay forever.
Why? Because its easier to make than coins.

they are also easy to counterfeit than bitcoin or electronic payment, i guess they will eventually fade away slowly or reduced for only small business in the future

what does the future say about the paper money i dont know what they think about the papermoney becuase i dont know much aboht the future of the bitcoin you know!

The future of bitcoin is unpredictable, so is the future of paper money, because either one of them will be used the most in the world in future now it cannot be predicted if which one of them will stay and which will vanish forever, or maybe both of them will be used, one as the main currency and second as an alternative.

barbs

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I would say that may only be a few people who use paper money. banknotes will remain valuable even though

qyzackk

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The next ten years can actually be solved paper money or not. The fact that already in all slander information about how that digital money supplant paper very soon. The truth is no one has yet said whether the people are ready for such innovation.

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