The future of the paper money - page 185.

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Quote from: sishendaoye on October 14, 2016, 10:24:22 AM

The future of paper money is looking sad cause paper money is old and doesn't fit in our current era anymore so we have to see when it will be killed.
But i don't think bitcoin will be the one to remove the paper money though it will be something else.

I think the future of paper money is still long enough in the economy because the government is able to control and manipulate the cycle of fiat money in a country. But it is true that it will be changed because of the fast paced happening with technology. I guess the currency will be digital but still the same value and the same name.

sishendaoye

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The future of paper money is looking sad cause paper money is old and doesn't fit in our current era anymore so we have to see when it will be killed.
But i don't think bitcoin will be the one to remove the paper money though it will be something else.

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Quote from: Supercrypt on October 14, 2016, 04:53:25 AM

Quote from: danherbias07 on October 13, 2016, 11:03:12 AM

Quote from: FlightyPouch on October 13, 2016, 10:45:03 AM

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.

You are not wrong that is the truth. Who would want to erase one of the that have seen the history of one country. It also tells that they are one country if they will change it, it will be like a disgrace.

I believe no country will be showing interest to completely stop using paper money, because there would be illiterate people in each and every country, so it is inevitable for them to have paper money.
Paying maids and baby sitter in electronic currencies is still not possible in many developed countries itself. So, stopping paper money completely is not possible for any country in my opinion.

I certainly agree with your statement, people are really thinking that we can beat paper money when the reality is we are just a small community compared to the population that are using paper money, let us not be ambitious without a legitimate basis, rather let's be happy to see paper money and bitcoin in the circulation.

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Quote from: danherbias07 on October 13, 2016, 11:03:12 AM

Quote from: FlightyPouch on October 13, 2016, 10:45:03 AM

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.

You are not wrong that is the truth. Who would want to erase one of the that have seen the history of one country. It also tells that they are one country if they will change it, it will be like a disgrace.

I believe no country will be showing interest to completely stop using paper money, because there would be illiterate people in each and every country, so it is inevitable for them to have paper money.
Paying maids and baby sitter in electronic currencies is still not possible in many developed countries itself. So, stopping paper money completely is not possible for any country in my opinion.

Financial_Genius

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To replace the cash come in digital payments. Worldwide noticeable trend of transition to the digital payment system with a gradual limitation of cash payments. This is done for the sake of economic control over all transactions in the future, it was possible each of them to tax. As a result the consumer may well decide that bitcoin use is much more profitable.
While bitcoin is not as popular and associated applications, updates and protocols are being developed. And so it has the potential for growth. We are only slightly in touch with what is actually bitcoin means to the world.

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Quote from: danherbias07 on October 13, 2016, 11:03:12 AM

Quote from: FlightyPouch on October 13, 2016, 10:45:03 AM

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.

You are not wrong that is the truth. Who would want to erase one of the that have seen the history of one country. It also tells that they are one country if they will change it, it will be like a disgrace.

Unless it was introduced before.Because not all people know bitcoins

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Quote from: FlightyPouch on October 13, 2016, 10:45:03 AM

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.

You are not wrong that is the truth. Who would want to erase one of the that have seen the history of one country. It also tells that they are one country if they will change it, it will be like a disgrace.

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Nobody will know what the future will be of the paper money and as you can see now you see of course that Bitcoin is getting more used and it becomes also more popular.
But there are still a lot of people that dont even know how Bitcoin works and that is why paper money cant disappear.

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I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.

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Quote from: X-ray on October 13, 2016, 08:41:54 AM

Quote from: ekoice on October 13, 2016, 07:32:11 AM

Paper money will not disappear. But its usage will become less.Bitcoin would be the future currency.

when government just figured out that paper money is easily destroyed by the time and also increase the logging amount because it's based on paper which comes from trees,they will probably force their citizen to use another currency that's eco friendly,but not for now

i think it is not so easy to destroy the paper money, paper money is really stronger that any other type of currency, so there is nothing wrong to the paper money in near future it can only possible if all the people of the world will start using bitcoin and give full priority to it.

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Quote from: ekoice on October 13, 2016, 07:32:11 AM

Paper money will not disappear. But its usage will become less.Bitcoin would be the future currency.

when government just figured out that paper money is easily destroyed by the time and also increase the logging amount because it's based on paper which comes from trees,they will probably force their citizen to use another currency that's eco friendly,but not for now

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Quote from: techgeek on October 13, 2016, 07:18:18 AM

Quote from: diegz on October 13, 2016, 07:04:27 AM

Quote from: Maxsumi on October 13, 2016, 05:39:41 AM

I do not think that the paper money is going to go away anytime soon because I do not thin that every country is ready for the fact that everything will be digital.
Paper money is going to keep existing for some time and that is not a problem if you ask me.

That's true, paper money will never disappear, lucky that we could see digital form of it thru bank cards, but that doesn't mean that money will disappear, not to mention that some richest people in the world holds a gold and not just fiat. But I do believe that bitcoin would dominate the online transactions.

Agreed - it's impossible to go all digital with money.

It's too risky and people of course won't like that.

first of all it's not like the government. And people do not mind Bitcoin

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Quote from: udin01 on October 13, 2016, 06:20:11 AM

i think paper money will be decrease the priority for use, cause now transaction not always use paper money we can use the other things for transaction such as credit card, debit card and also bitcoin

In well developed countries people rely on their bank cards or smartphone in order to complete transactions.

I think in the last 2 or 3 years I have paid all my food shopping, gas for my car, dinners in restaurants, and more, all with my bank card.

I have a €50 note always with me just in case I go to a place or store where I can't use my bank card.

This €50 note has been in my physical wallet for more than 5 months now without needing it. That says enough.

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Paper money will not disappear. But its usage will become less.Bitcoin would be the future currency.

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Quote from: diegz on October 13, 2016, 07:04:27 AM

Quote from: Maxsumi on October 13, 2016, 05:39:41 AM

I do not think that the paper money is going to go away anytime soon because I do not thin that every country is ready for the fact that everything will be digital.
Paper money is going to keep existing for some time and that is not a problem if you ask me.

That's true, paper money will never disappear, lucky that we could see digital form of it thru bank cards, but that doesn't mean that money will disappear, not to mention that some richest people in the world holds a gold and not just fiat. But I do believe that bitcoin would dominate the online transactions.

Agreed - it's impossible to go all digital with money.

It's too risky and people of course won't like that.

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Quote from: Maxsumi on October 13, 2016, 05:39:41 AM

I do not think that the paper money is going to go away anytime soon because I do not thin that every country is ready for the fact that everything will be digital.
Paper money is going to keep existing for some time and that is not a problem if you ask me.

That's true, paper money will never disappear, lucky that we could see digital form of it thru bank cards, but that doesn't mean that money will disappear, not to mention that some richest people in the world holds a gold and not just fiat. But I do believe that bitcoin would dominate the online transactions.

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Quote from: onelove2111 on October 12, 2016, 02:54:49 PM

The future of paper money in the near future is stable. They will not get anywhere with the wallets of citizens. They will support the government

yes that is right to say that the future of bitcoin is still safe and there is nothing wrong to it, as bitcoin is still not so much stale and is not yet introduce in all over the world, i think it will take a lot of time to take over the fiat currency and is only possible when all the people of the world will start using bitcoin.

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i think paper money will be decrease the priority for use, cause now transaction not always use paper money we can use the other things for transaction such as credit card, debit card and also bitcoin

Maxsumi

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I do not think that the paper money is going to go away anytime soon because I do not thin that every country is ready for the fact that everything will be digital.
Paper money is going to keep existing for some time and that is not a problem if you ask me.

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Quote from: VAodminnTer on March 17, 2016, 12:54:57 PM

Although the things bitcoin fans are saying about paper money, I think it will remain somewhat part of people's financial worlds, it's far more comfortable for physical transactions too.

Paper money is going to be around for some time to come because I do not think that we are ready for everything to be digital.
We should not rush it and step over if we are really ready for it.

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