The future of the paper money - page 190.

geopolisch

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Quote from: allthingsluxury on October 06, 2016, 10:48:52 AM

The future of paper money is the same as it has been every other time in history. It eventually goes to zero, as has every form of fiat money EVER in history. There is simply too much abuse by politicians.

Yes, history will repeat itself.
Paper money will find its place to sleep as electronic currencies will occupy the places of paper money.
With electronic format of currency, we will be able to track the flow of money so that any corruption or money laundry or any similar illegal events will be traced down.

allthingsluxury

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The future of paper money is the same as it has been every other time in history. It eventually goes to zero, as has every form of fiat money EVER in history. There is simply too much abuse by politicians.

Cozynunu

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Quote from: iv4n on September 21, 2015, 04:02:19 AM

As i understand they have it in plan, but there is some people worried about too much government control. Yet this north europe countrys are rich and they think about this kind of sistem as u can see Scandinavians rely on cash for less then 6 % off all payments made
money.cnn.com/2015/06/02/technology/cashless-society-denmark/

Paper money is going to keep existing for some time but eventually the paper money is going to disappear eventually but I do not know when.
In the end everything is going to be digital but it takes time before.

dunfida

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Quote from: mirakal on October 04, 2016, 03:51:43 AM

Quote from: Noctis Connor on October 04, 2016, 12:30:45 AM

Quote from: martinacar on September 14, 2016, 11:23:50 AM

Quote from: Huobi-USD on September 21, 2015, 03:23:32 AM

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Paper money is going to keep existing for just a couple years but eventually everything is going to be digital I am sure of that.
But when it is going to happen I do not know that answer of that.

Paper money will not going to be disappeared with bitcoin because paper money is we are using it couple of years and it can just easily be dead every one using it we know that and keep on holding bitcoin to have and save money from exchange website and other things

If paper money will disappear that means there is a global crisis and world war might happen, it is not good to see only bitcoin in the circulation as not all people are capable of using online transaction. We should understand that we do not have the same level of learning.

True, if paper currency would drop to the bottom for sure there would be a global crisis ,same as you said. And you do have also a point which not all people have the same knowledge into things especially into digital world. Future of money/fiat is still strong and cant be destroy by anyone.

Narosya

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In the paper money has no future. Sooner or later, electronic money will replace them. This process has already begun and it will only grow in the future. And rightly so, because such a system is very convenient

mirakal

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Quote from: Noctis Connor on October 04, 2016, 12:30:45 AM

Quote from: martinacar on September 14, 2016, 11:23:50 AM

Quote from: Huobi-USD on September 21, 2015, 03:23:32 AM

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Paper money is going to keep existing for just a couple years but eventually everything is going to be digital I am sure of that.
But when it is going to happen I do not know that answer of that.

Paper money will not going to be disappeared with bitcoin because paper money is we are using it couple of years and it can just easily be dead every one using it we know that and keep on holding bitcoin to have and save money from exchange website and other things

If paper money will disappear that means there is a global crisis and world war might happen, it is not good to see only bitcoin in the circulation as not all people are capable of using online transaction. We should understand that we do not have the same level of learning.

Altcoinmoney

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Quote from: Qunenin on May 04, 2016, 01:22:59 PM

The future is only of bitcoins and not paper money.

That is maybe true but paper money is going to exist for a while and I also think that it is going to differ from country to country because some country cannot afford that.
To make everything about money digital requires much money.

Noctis Connor

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Quote from: martinacar on September 14, 2016, 11:23:50 AM

Quote from: Huobi-USD on September 21, 2015, 03:23:32 AM

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Paper money is going to keep existing for just a couple years but eventually everything is going to be digital I am sure of that.
But when it is going to happen I do not know that answer of that.

Paper money will not going to be disappeared with bitcoin because paper money is we are using it couple of years and it can just easily be dead every one using it we know that and keep on holding bitcoin to have and save money from exchange website and other things

Positid

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Quote from: passwordnow on October 03, 2016, 10:19:12 PM

Quote from: virasog on October 03, 2016, 01:45:41 PM

Quote from: bitcoluck on October 01, 2016, 11:10:25 PM

In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.

Whether it is because of Crypto or other service types, the future of paper money is very limited

I do believe that paper money will be gone in the future, because of the global warming the banks are not able to print more paper money because it requires to cut down trees just for the materials of making new supply of paper money. So this is going to be a eco-friendly adoption if we will going to use bitcoins that just requires internet and computer and don't need to cut down trees to make it.

Wow that was a gross statement dude, you have so much confidence on bitcoin that you will tell it will make paper money gone, but for me that will not happen even how successful bitcoin it, it was the government who created it so you have to abolish government first to eliminate paper money in the circulation.

passwordnow

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Quote from: virasog on October 03, 2016, 01:45:41 PM

Quote from: bitcoluck on October 01, 2016, 11:10:25 PM

In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.

Whether it is because of Crypto or other service types, the future of paper money is very limited

I do believe that paper money will be gone in the future, because of the global warming the banks are not able to print more paper money because it requires to cut down trees just for the materials of making new supply of paper money. So this is going to be a eco-friendly adoption if we will going to use bitcoins that just requires internet and computer and don't need to cut down trees to make it.

virasog

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Quote from: bitcoluck on October 01, 2016, 11:10:25 PM

In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.

Whether it is because of Crypto or other service types, the future of paper money is very limited

simpler2016

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Quote from: DashCoinDark on October 03, 2016, 04:22:14 AM

Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.

That's right, the main thing is not to hurry. The transition from one currency to another may not be fast. People are not all ready for such changes. They are hard to break the habit of paper money

Mastsetad

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Quote from: kryptqnick on October 02, 2016, 09:04:31 AM

I think that paper money can't dissappear, because there always will remain people who don't trust these 1s and 0s and prefer matter. Just like books won't be replaced by electronic books totally. However, maybe paper money will become some sort of a rare thing and most of people will use cryptocurrencies.

Thats right, paper money might become rare in coming years when crypto might take over the world which has started slowly in the form of bitcoin, but paper money cannot be totally vanished as there would probably be people like to use that too on the side.

dunfida

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Quote from: goinmerry on October 03, 2016, 10:38:28 AM

Quote from: DashCoinDark on October 03, 2016, 04:22:14 AM

Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.

Thank you for clarifying it for other to really see it.
They are too much clinged on how bitcoin changed their life and now they want everything to be run by it. Not thinking about the consequences.

There are people do really rush up into things which they dont see on the progress and time required in able to achieve such thing . Yes, in future their would be somehow a digital transactions which could make some cashless transactions but still i wont believe that these things would replace fiat anytime soon.

goinmerry

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Quote from: DashCoinDark on October 03, 2016, 04:22:14 AM

Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.

Thank you for clarifying it for other to really see it.
They are too much clinged on how bitcoin changed their life and now they want everything to be run by it. Not thinking about the consequences.

phreaky

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Quote from: DashCoinDark on October 03, 2016, 04:22:14 AM

Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.

I also think that paper money is going to be around for some time because we are still not ready to go digital all the way.
It would also not be handy for the older people because they have nothing incoming with things being digital.

DashCoinDark

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Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.

bamboylee

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Quote from: Zadicar on October 01, 2016, 11:35:32 PM

Quote from: bitcoluck on October 01, 2016, 11:10:25 PM

In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.

I would like to disagree, even how the transaction would be developed like you said credit cards and debit cards but still you would need to reload or pay it with fiat and theres no way that fiat could be replaced by bitcoin anytime soon. Its really wrong to assume this kind of things because it wont happen.

It is better if both fiat and cryptocurrency exist in harmony. Both of them have their strenghts and weaknesses. And it is more profitable trading fiat and bitcoin.

mirakal

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Quote from: diegz on October 03, 2016, 02:15:23 AM

Quote from: BiTZeD on October 02, 2016, 12:09:36 PM

Paper money will never disappear because people will always need to trade physical things. For exemple, how will you do when there's electricity cuts ? No financial activity at all ?

Nowadays, portable devices and electricity is very common, power interruptions is not a problem anymore since it is always in demand and a necessity. So you could still do online transaction during those days. But still, not all has the access to good technology and to this things that we have, so paper money would still survive along with bitcoin. Not all also wants to use bitcoin.

Paper money is easy to use compared to bitcoin and even how successful bitcoin it cannot replace paper money, people or the majority of people will always prefer to use paper money as they do not have transaction online, only few of the people in earth are into online transaction as most of us are still in poverty.

diegz

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Quote from: BiTZeD on October 02, 2016, 12:09:36 PM

Paper money will never disappear because people will always need to trade physical things. For exemple, how will you do when there's electricity cuts ? No financial activity at all ?

Nowadays, portable devices and electricity is very common, power interruptions is not a problem anymore since it is always in demand and a necessity. So you could still do online transaction during those days. But still, not all has the access to good technology and to this things that we have, so paper money would still survive along with bitcoin. Not all also wants to use bitcoin.

Topic: The future of the paper money - page 190. (Read 416566 times)