The future of the paper money - page 198.

Reid

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Quote from: skylighters on September 07, 2016, 05:39:48 PM

Quote from: Pasutinmeur on September 05, 2016, 05:16:28 AM

Quote from: Reid on September 02, 2016, 07:53:17 PM

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.

you are right, nowadays everything goes digital, but actually it even allows them to create more money over time and inflation gets bigger

I think they are having problems with people saving too much money. They dont spend anymore that is why the government is forced to create more. If only people are spending while saving also a part of their salaries then it wont inflate.

skylighters

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Quote from: Pasutinmeur on September 05, 2016, 05:16:28 AM

Quote from: Reid on September 02, 2016, 07:53:17 PM

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.

you are right, nowadays everything goes digital, but actually it even allows them to create more money over time and inflation gets bigger

goinmerry

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Quote from: Reid on September 02, 2016, 07:53:17 PM

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

That could really happen if a war in different countries will spark suddenly. I dont think they will care much about internet anymore. Once a line that connects it all be terrorized then it is all gone.

sempak

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Quote from: Pasutinmeur on September 05, 2016, 05:16:28 AM

Quote from: Reid on September 02, 2016, 07:53:17 PM

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.

Internet connection is needed at this time. when we use bitcoin then our lives must be 100% connected to the Internet network. and I think the resources in some countries and regions are still not ready.

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Quote from: Pasutinmeur on September 05, 2016, 05:16:28 AM

Quote from: Reid on September 02, 2016, 07:53:17 PM

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.

thats true, though i still hate the fiat right now because it requires bank services while bitcoin relies only on yourself and nothing else

freedomgo

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Quote from: peta4e on September 05, 2016, 06:44:24 AM

Quote from: Pasutinmeur on September 05, 2016, 05:16:28 AM

Quote from: Reid on September 02, 2016, 07:53:17 PM

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.

No doubt transactions are done online but there are many people who prefer to go for shopping physically and by paying physical money and for them its not easy to switch to bitcoins directly.

For people who have a hectic schedule in life they prefer to buy online, but for people like in the middle class wants to go in a physical store as it is they feel more the enjoyment and they have the comfort in using paper money, I think paper money and online transaction will go together as they are both useful for the people.

peta4e

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Quote from: Pasutinmeur on September 05, 2016, 05:16:28 AM

Quote from: Reid on September 02, 2016, 07:53:17 PM

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.

No doubt transactions are done online but there are many people who prefer to go for shopping physically and by paying physical money and for them its not easy to switch to bitcoins directly.

Pasutinmeur

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Quote from: Reid on September 02, 2016, 07:53:17 PM

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.

Reid

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Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

1Referee

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Quote from: BitcoinPaw on September 02, 2016, 01:47:11 PM

I like parper money and i want to use it, i can't understand why people say that digital money is better when they using paper almost everyday.

Nowadays I barely use cash money since I use either my bank card with NFC, or my smartphone with NFC to pay for things. It's much easier and doesn't require you to have any cash money with you. Here you can use NFC in 80% of the stores. The need for cash money is decreasing with the years.

MTBTT

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Quote from: Lombard on August 29, 2016, 02:16:23 PM

paper money has no future i think in the future it will be replaced by bitcoins

Lol I thought it was too imposing. I do not think bitcoin can replace fiat or paper money in the future. but that certainly is digital money will retain and banknotes will start in left

eddyubachs

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Quote from: BitcoinPaw on September 02, 2016, 01:47:11 PM

I like parper money and i want to use it, i can't understand why people say that digital money is better when they using paper almost everyday.

Yeah on one end people complain that they cannot use bitcoin directly that means they are using paper money for shopping, and they are also aware that it will take long time for bitcoin to get used and accepted everywhere.

BitcoinPaw

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I like parper money and i want to use it, i can't understand why people say that digital money is better when they using paper almost everyday.

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Quote from: Lombard on August 29, 2016, 02:16:23 PM

paper money has no future i think in the future it will be replaced by bitcoins

of course it has no future, paper money is going to be replaced by some crypto for sure, not entirely sure what crypto though as there might be better alternatives than bitcoin

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Quote from: nova-rider on September 02, 2016, 10:01:26 AM

It is certainly nothing easy to predict. But if you ask me what the future will be for paper money, I don't think it will disappear in the next few years, because there are still many people using and depending on it.

Even kids are taught to use it. So how can it be deleted from the world. It cannot be and you are right. As long as there is no country or no talks about chanhing it, it will not be done. If bitcoin is what they want as the main currency then law will be made for this. It have to be done accordingly.

stromma44

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Quote from: nova-rider on September 02, 2016, 10:01:26 AM

It is certainly nothing easy to predict. But if you ask me what the future will be for paper money, I don't think it will disappear in the next few years, because there are still many people using and depending on it.

Yup paper money will always survive as people who are not aware about technology or who are poor and illiterate will always prefer to use paper money as they find it very easy to use it.

nova-rider

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It is certainly nothing easy to predict. But if you ask me what the future will be for paper money, I don't think it will disappear in the next few years, because there are still many people using and depending on it.

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Quote from: Lombard on August 29, 2016, 02:16:23 PM

paper money has no future i think in the future it will be replaced by bitcoins

Bad logic, the paper money has their future but their statistic is always stagnant it's not like btc is always changed for anytime but if you believing the paper does not have the future maybe you can searching about the currently bank project about the system of blockchain.

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Quote from: Supercrypt on September 02, 2016, 01:56:33 AM

Quote from: adibe on September 01, 2016, 08:57:37 PM

I think paper money will still used in the future, especially on country that the technology still not updated. Like some poor country, they will need paper money than digital money..

Once the internet reaches the places it hasn’t gone yet everyone will be able to access bitcoin much easier. I think will make bitcoin rise in price for sure and possibly. Till then, paper money will be finding it's surviving methods to serve human.

Internet is already all over, people can access the internet if they prefer to but they would rather do facebook and other social media thing than transact online using bitcoin, it is actually the trust issue, even how popular a certain thing but without the approval of the government it will not garnered the trust of the people.

Supercrypt

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Quote from: adibe on September 01, 2016, 08:57:37 PM

I think paper money will still used in the future, especially on country that the technology still not updated. Like some poor country, they will need paper money than digital money..

Once the internet reaches the places it hasn’t gone yet everyone will be able to access bitcoin much easier. I think will make bitcoin rise in price for sure and possibly. Till then, paper money will be finding it's surviving methods to serve human.

Topic: The future of the paper money - page 198. (Read 416598 times)