The future of the paper money - page 187.

deisik

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Quote from: danherbias07 on October 10, 2016, 10:24:30 AM

Quote from: deisik on October 09, 2016, 04:13:47 AM

Quote from: danherbias07 on October 08, 2016, 09:54:51 AM

Quote from: 2girls on October 08, 2016, 09:51:12 AM

Quote from: betlord90 on October 06, 2016, 10:28:10 PM

Quote from: ekoice on October 06, 2016, 10:43:23 AM

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.

Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Indeed it will need a machine. How do you transact everything thru bitcoin? There is no physical thing right? You will need either a cellular phone with an internet connection or a computer. That is still a machine.

As an option, you could use a Bitcoin payment card, though it would still require a centralized payment processor to process transactions. I guess that even if there is no more fiat (not speaking of paper money), the existing infrastructure could already be used for that with a few minor mendings. Anyways, this seems to be the direction offline Bitcoin payments have followed. If paper money is gone, there is no need for ATM's anymore either...

Otherwise, it shouldn't and wouldn't go away

And where could we get that bitcoin payment card? Not every country offers that kind of service and where could I use it.? Still those wuestions will pop up every time a service is offered

You can look here and here for more info. The first article makes a pretty good comparison of six Bitcoin payment cards (though it doesn't include a CoinsBank debit card). These are just like your typical Visa or Mastercard with the difference being that they are not linked to your bank account but rather to your Bitcoin wallet...

As I get it, you can you use them worldwide

danherbias07

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Quote from: deisik on October 09, 2016, 04:13:47 AM

Quote from: danherbias07 on October 08, 2016, 09:54:51 AM

Quote from: 2girls on October 08, 2016, 09:51:12 AM

Quote from: betlord90 on October 06, 2016, 10:28:10 PM

Quote from: ekoice on October 06, 2016, 10:43:23 AM

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.

Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Indeed it will need a machine. How do you transact everything thru bitcoin? There is no physical thing right? You will need either a cellular phone with an internet connection or a computer. That is still a machine.

As an option, you could use a Bitcoin payment card, though it would still require a centralized payment processor to process transactions. I guess that even if there is no more fiat (not speaking of paper money), the existing infrastructure could already be used for that with a few minor mendings. Anyways, this seems to be the direction offline Bitcoin payments have followed. If paper money is gone, there is no need for ATM's anymore either...

Otherwise, it shouldn't and wouldn't go away

And where could we get that bitcoin payment card? Not every country offers that kind of service and where could I use it.? Still those wuestions will pop up every time a service is offered

bitlancr

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The future of paper money is not so bright if you are looking at the far future. Paper money is very outdated and will die out once.
But I think that time is still far away since people seem to be scared for change when it's about currency.

Hedrilin

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the future of the paper money what will the bitcoin do to the future of the paper money i dont think they would change anything about it becuase i know for sure that lot of people
are also going ot sue the paper money off course becuase paper money will always be number one off course!

saiha

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Quote from: Superzpay on October 09, 2016, 01:45:34 PM

Quote from: greBit on October 09, 2016, 01:31:07 PM

Quote from: ged00u on October 09, 2016, 01:26:55 PM

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.

That's right and even if bitcoin gets more popular in future there will be certain percentage of population who will prefer to use only paper money especially the older generation who find easy to use fiat.

along with older generations those people will also like to use paper money who will not be educated and who will not have any knowledge about computer technology and about digital world, especially those who will not know the global language English.

Well they are going to have hard time to adopt the usage of bitcoin and still they will rely in using paper money. And I believe it will remain.

The use of paper money will not be gone for the people are used to use it for a lot of years already and they are going to have hard time.

As you have mentioned above.

mirakal

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Quote from: chineseprancing on October 09, 2016, 07:36:55 PM

Quote from: BeGoods on October 09, 2016, 07:31:47 PM

Quote from: Positid on October 08, 2016, 02:50:10 AM

Quote from: SONG GEET on October 08, 2016, 02:04:36 AM

Quote from: pocarime32 on October 06, 2016, 10:47:12 PM

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.

I think its better to say underdeveloped or developing countries rather than only asian countries. Few of the asian countries are already technologically advanced and use electronic payment systems however for sure in this under and developing countries will have majority of population who will be happy to use paper money rather than electronic payment systems in future too.

I agree with you dude, Japan and China are both in Asia but they are both developed countries.

yeah I'm as Asian people also recognize that the issue is still left to technological problems, even many people in the city many who do not have an ATM and there is not even a mall in my town, they all use cash to make purchases, so I think banknotes will still be very useful

Paper money is still exist for more century it can not be removed because all people know how to used it and if you think bitcoin will take lead on the fiat i think it will never happen since not all people can access it.

Paper money gives us comfort to transact as everyone can use money to transact even kids, therefore the majority and the government would not allow to replace it by a digital currency, we are still having a convenience using paper money despite of the fact that digital currency is the trend now.

chineseprancing

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Quote from: BeGoods on October 09, 2016, 07:31:47 PM

Quote from: Positid on October 08, 2016, 02:50:10 AM

Quote from: SONG GEET on October 08, 2016, 02:04:36 AM

Quote from: pocarime32 on October 06, 2016, 10:47:12 PM

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.

I think its better to say underdeveloped or developing countries rather than only asian countries. Few of the asian countries are already technologically advanced and use electronic payment systems however for sure in this under and developing countries will have majority of population who will be happy to use paper money rather than electronic payment systems in future too.

I agree with you dude, Japan and China are both in Asia but they are both developed countries.

yeah I'm as Asian people also recognize that the issue is still left to technological problems, even many people in the city many who do not have an ATM and there is not even a mall in my town, they all use cash to make purchases, so I think banknotes will still be very useful

Paper money is still exist for more century it can not be removed because all people know how to used it and if you think bitcoin will take lead on the fiat i think it will never happen since not all people can access it.

BeGoods

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Quote from: Positid on October 08, 2016, 02:50:10 AM

Quote from: SONG GEET on October 08, 2016, 02:04:36 AM

Quote from: pocarime32 on October 06, 2016, 10:47:12 PM

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.

I think its better to say underdeveloped or developing countries rather than only asian countries. Few of the asian countries are already technologically advanced and use electronic payment systems however for sure in this under and developing countries will have majority of population who will be happy to use paper money rather than electronic payment systems in future too.

I agree with you dude, Japan and China are both in Asia but they are both developed countries.

yeah I'm as Asian people also recognize that the issue is still left to technological problems, even many people in the city many who do not have an ATM and there is not even a mall in my town, they all use cash to make purchases, so I think banknotes will still be very useful

Superzpay

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Quote from: greBit on October 09, 2016, 01:31:07 PM

Quote from: ged00u on October 09, 2016, 01:26:55 PM

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.

That's right and even if bitcoin gets more popular in future there will be certain percentage of population who will prefer to use only paper money especially the older generation who find easy to use fiat.

along with older generations those people will also like to use paper money who will not be educated and who will not have any knowledge about computer technology and about digital world, especially those who will not know the global language English.

greBit

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Activity: 714

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Quote from: ged00u on October 09, 2016, 01:26:55 PM

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.

That's right and even if bitcoin gets more popular in future there will be certain percentage of population who will prefer to use only paper money especially the older generation who find easy to use fiat.

ged00u

hero member

Activity: 770

Merit: 500

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.

goinmerry

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If USD is what we are talking about here then it is really in great danger. There have been news that it might fall and some financial analyst are already seeing it. The media also brought out some news regarding the possibly fall of it. Although not see in daily news it can be seen though some social media.

qiwoman2

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I think paper money could be replaced with digital money and plastic and even a recourse based economy at some point in our human evolution but it will take time for this to happen. The whole banking and financial system that is currently in place now would really need a serious overhaul in my opinion.

sobsitesearch

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Quote from: diodio5 on October 09, 2016, 04:23:13 AM

Quote from: 2girls on October 08, 2016, 09:50:23 AM

Quote from: Doamader on October 08, 2016, 07:26:22 AM

I do believe that will change something into the next 10-25 years, because we need to moove to renew energy as well start take care the world we do live, soo taking that in consideration i believe printed money will change to digital money.

There is not much room left in all that for paper money. A better question might be what is the future of ATM’s?

I think the future ATM will depend also on the bill, because when the paper money is not valid or does not use certain ATMs will also lose users, since most people would choose to send their money using their gadgets?

I think bitcoin ATM would take a long time before to explore around the world now is just selected area has it because bitcoin is not yet too popular in every area we are, and fiat is much prefer by the person to use for their daily living.

X-ray

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Quote from: pitham1 on October 08, 2016, 04:57:37 AM

Quote from: Positid on October 08, 2016, 02:50:10 AM

Quote from: SONG GEET on October 08, 2016, 02:04:36 AM

Quote from: pocarime32 on October 06, 2016, 10:47:12 PM

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.

I think its better to say underdeveloped or developing countries rather than only asian countries. Few of the asian countries are already technologically advanced and use electronic payment systems however for sure in this under and developing countries will have majority of population who will be happy to use paper money rather than electronic payment systems in future too.

I agree with you dude, Japan and China are both in Asia but they are both developed countries.

Japan would qualify as a developed country, but China?
China is a large economy with one of the highest growth rates in the world... and that is because they are transition from a developing to developed economy.

that's right for now china can't be considered as a developed country yet,they're such a big country and now trying to be developed country,it would be right if you're mentioning japan and south korea instead of china and japan,and yeah there's also singapore that's already a developed country

diodio5

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Quote from: 2girls on October 08, 2016, 09:50:23 AM

Quote from: Doamader on October 08, 2016, 07:26:22 AM

I do believe that will change something into the next 10-25 years, because we need to moove to renew energy as well start take care the world we do live, soo taking that in consideration i believe printed money will change to digital money.

There is not much room left in all that for paper money. A better question might be what is the future of ATM’s?

I think the future ATM will depend also on the bill, because when the paper money is not valid or does not use certain ATMs will also lose users, since most people would choose to send their money using their gadgets?

JessicaSe

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Quote from: mirakal on October 09, 2016, 01:08:59 AM

Quote from: madwica on October 08, 2016, 10:16:07 PM

Quote from: satdas on October 08, 2016, 02:03:07 PM

Quote from: Samadur on October 08, 2016, 09:58:08 AM

Quote from: 2girls on October 08, 2016, 09:51:12 AM

Quote from: betlord90 on October 06, 2016, 10:28:10 PM

Quote from: ekoice on October 06, 2016, 10:43:23 AM

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.

Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Everyone needs more paper money. They will be used for a long time. There are many situations in which you can pay only paper money. And the state does not allow as easy to remove them

yes and the reason is that bitcoin is still not so much popular as it is still a new crypto currency and still not a good number of people are using it, therefore bitcoin is not a threat to paper money in near future.

There is no such thing can replace paper money and correct bitcoin is not a threat in the centralized currency even bitcoin would be more popular it would only alternative currency we can used specially in online transaction.

Bitcoin is a threat but not a big threat, bitcoin is a very small currency compared to the paper money that we are using now, although we are going to the digital world but the government does not eradicate paper money because they know there are people who cannot adopt the digital world.

And the fact is Government will never support bitcoin and allow it to get on the mainstream and replace its national currency and even people will prefer to use bitcoin only as a secondary currency.

deisik

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English ⬄ Russian Translation Services

Quote from: danherbias07 on October 08, 2016, 09:54:51 AM

Quote from: 2girls on October 08, 2016, 09:51:12 AM

Quote from: betlord90 on October 06, 2016, 10:28:10 PM

Quote from: ekoice on October 06, 2016, 10:43:23 AM

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.

Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Indeed it will need a machine. How do you transact everything thru bitcoin? There is no physical thing right? You will need either a cellular phone with an internet connection or a computer. That is still a machine.

As an option, you could use a Bitcoin payment card, though it would still require a centralized payment processor to process transactions. I guess that even if there is no more fiat (not speaking of paper money), the existing infrastructure could already be used for that with a few minor mendings. Anyways, this seems to be the direction offline Bitcoin payments have followed. If paper money is gone, there is no need for ATM's anymore either...

Otherwise, it shouldn't and wouldn't go away

mirakal

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Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: madwica on October 08, 2016, 10:16:07 PM

Quote from: satdas on October 08, 2016, 02:03:07 PM

Quote from: Samadur on October 08, 2016, 09:58:08 AM

Quote from: 2girls on October 08, 2016, 09:51:12 AM

Quote from: betlord90 on October 06, 2016, 10:28:10 PM

Quote from: ekoice on October 06, 2016, 10:43:23 AM

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.

Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Everyone needs more paper money. They will be used for a long time. There are many situations in which you can pay only paper money. And the state does not allow as easy to remove them

yes and the reason is that bitcoin is still not so much popular as it is still a new crypto currency and still not a good number of people are using it, therefore bitcoin is not a threat to paper money in near future.

There is no such thing can replace paper money and correct bitcoin is not a threat in the centralized currency even bitcoin would be more popular it would only alternative currency we can used specially in online transaction.

Bitcoin is a threat but not a big threat, bitcoin is a very small currency compared to the paper money that we are using now, although we are going to the digital world but the government does not eradicate paper money because they know there are people who cannot adopt the digital world.

madwica

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Activity: 714

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Quote from: satdas on October 08, 2016, 02:03:07 PM

Quote from: Samadur on October 08, 2016, 09:58:08 AM

Quote from: 2girls on October 08, 2016, 09:51:12 AM

Quote from: betlord90 on October 06, 2016, 10:28:10 PM

Quote from: ekoice on October 06, 2016, 10:43:23 AM

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.

Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Everyone needs more paper money. They will be used for a long time. There are many situations in which you can pay only paper money. And the state does not allow as easy to remove them

yes and the reason is that bitcoin is still not so much popular as it is still a new crypto currency and still not a good number of people are using it, therefore bitcoin is not a threat to paper money in near future.

There is no such thing can replace paper money and correct bitcoin is not a threat in the centralized currency even bitcoin would be more popular it would only alternative currency we can used specially in online transaction.

Topic: The future of the paper money - page 187. (Read 416598 times)