The future of the paper money - page 201.

botany

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Quote from: ttargett on August 25, 2016, 06:03:53 PM

Quote from: Matt Guy on August 25, 2016, 05:47:33 PM

It's hard to predict what the future will be for the paper money, but I don't think it will disappear very soon, because it's still used by many people.
But you can see that Bitcoin is getting more popular and used, and that's a good sign.

it is really easy to predict the future to be honest, in my opinion they will disappear and i think people will use only bitcoins

Ha ha. That is pretty optimistic. Governments won't take any challenge to their authority lying down.
Plus you have many more innovative alts. One of them could turn out to be a bitcoin-killer.

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Quote from: Matt Guy on August 25, 2016, 05:47:33 PM

It's hard to predict what the future will be for the paper money, but I don't think it will disappear very soon, because it's still used by many people.
But you can see that Bitcoin is getting more popular and used, and that's a good sign.

it is really easy to predict the future to be honest, in my opinion they will disappear and i think people will use only bitcoins

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It's hard to predict what the future will be for the paper money, but I don't think it will disappear very soon, because it's still used by many people.
But you can see that Bitcoin is getting more popular and used, and that's a good sign.

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Quote from: ovvidiy on August 24, 2016, 11:02:01 PM

Quote from: mirakal on August 24, 2016, 10:39:51 PM

Quote from: Snorek on August 24, 2016, 07:25:34 PM

Quote from: mamichula on August 23, 2016, 04:20:24 PM

Today I bought some chips with 2 quarters, quickly getting out of the store to catch the bus. I love Bitcoin, but it's not going to replace being able to quickly hand in two quarters and then back out. Small purchases like those. I mean if I payed with Bitcoin, or even a debit card, which isn't accepted at the grocery store would have been much more inconvenient.

Why exactly not? With SegWit, Lightning Network and possible even more awesome upgrades to bitcoin protocol, transaction will be almost instantaneous.
And in that situation, you described if you would have bitcoin wallet in your smartphone installed you could scan QR code any cashier can generate and pay in matter of seconds.
We already have technology for that - all we need is will of people to know about this and change current system - which can be much harder.

People will only be interested to listen bitcoin when they have assurance which is very hard for bitcoin to provide. The assurance like the banks offer that when you loss your money due to banks failure you will be refunded by insurance. But let us see in the future as I am pretty sure more innovation will be made to have the confidence of the people to adopt.

According to statistics, more than half the population of the globe is the elderly and children. What do you think, what money they will enjoy if they offer a choice between Bitcoin and paper money? I think the answer is obvious.

That's obvious and we cannot realize the expectation of the others that bitcoin will be use by everyone in the future. Only businessmen and people who love to buy online are interested in using bitcoin and it will not rule over fiat and that is the reality we need to accept starting now.

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Quote from: mirakal on August 24, 2016, 10:39:51 PM

Quote from: Snorek on August 24, 2016, 07:25:34 PM

Quote from: mamichula on August 23, 2016, 04:20:24 PM

Today I bought some chips with 2 quarters, quickly getting out of the store to catch the bus. I love Bitcoin, but it's not going to replace being able to quickly hand in two quarters and then back out. Small purchases like those. I mean if I payed with Bitcoin, or even a debit card, which isn't accepted at the grocery store would have been much more inconvenient.

Why exactly not? With SegWit, Lightning Network and possible even more awesome upgrades to bitcoin protocol, transaction will be almost instantaneous.
And in that situation, you described if you would have bitcoin wallet in your smartphone installed you could scan QR code any cashier can generate and pay in matter of seconds.
We already have technology for that - all we need is will of people to know about this and change current system - which can be much harder.

People will only be interested to listen bitcoin when they have assurance which is very hard for bitcoin to provide. The assurance like the banks offer that when you loss your money due to banks failure you will be refunded by insurance. But let us see in the future as I am pretty sure more innovation will be made to have the confidence of the people to adopt.

According to statistics, more than half the population of the globe is the elderly and children. What do you think, what money they will enjoy if they offer a choice between Bitcoin and paper money? I think the answer is obvious.

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Quote from: jackg on August 24, 2016, 06:09:13 PM

Paper money already begins to not eistt as poly materials are used instead of paper.
A digital currency by the state would be less open to fraud and would be easier to be controlled (as some people can currently lie about the taxes they need to pay).

The abolishment of ppaper currency and coins is really unlkely to happen as not everyone uses the internet. However, in around 80 years, that would definitely be a good solution.

But we cant see that anymore unless they found a way to make people immortal. Grin

We have to thank those who created this paper money. Without them. We might be bringing stones in our backpack and will be hunchback for just a couple of years.

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Quote from: Snorek on August 24, 2016, 07:25:34 PM

Quote from: mamichula on August 23, 2016, 04:20:24 PM

Today I bought some chips with 2 quarters, quickly getting out of the store to catch the bus. I love Bitcoin, but it's not going to replace being able to quickly hand in two quarters and then back out. Small purchases like those. I mean if I payed with Bitcoin, or even a debit card, which isn't accepted at the grocery store would have been much more inconvenient.

Why exactly not? With SegWit, Lightning Network and possible even more awesome upgrades to bitcoin protocol, transaction will be almost instantaneous.
And in that situation, you described if you would have bitcoin wallet in your smartphone installed you could scan QR code any cashier can generate and pay in matter of seconds.
We already have technology for that - all we need is will of people to know about this and change current system - which can be much harder.

People will only be interested to listen bitcoin when they have assurance which is very hard for bitcoin to provide. The assurance like the banks offer that when you loss your money due to banks failure you will be refunded by insurance. But let us see in the future as I am pretty sure more innovation will be made to have the confidence of the people to adopt.

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Quote from: mamichula on August 23, 2016, 04:20:24 PM

Today I bought some chips with 2 quarters, quickly getting out of the store to catch the bus. I love Bitcoin, but it's not going to replace being able to quickly hand in two quarters and then back out. Small purchases like those. I mean if I payed with Bitcoin, or even a debit card, which isn't accepted at the grocery store would have been much more inconvenient.

Why exactly not? With SegWit, Lightning Network and possible even more awesome upgrades to bitcoin protocol, transaction will be almost instantaneous.
And in that situation, you described if you would have bitcoin wallet in your smartphone installed you could scan QR code any cashier can generate and pay in matter of seconds.
We already have technology for that - all we need is will of people to know about this and change current system - which can be much harder.

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Paper money already begins to not eistt as poly materials are used instead of paper.
A digital currency by the state would be less open to fraud and would be easier to be controlled (as some people can currently lie about the taxes they need to pay).

The abolishment of ppaper currency and coins is really unlkely to happen as not everyone uses the internet. However, in around 80 years, that would definitely be a good solution.

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Quote from: mamichula on August 23, 2016, 04:20:24 PM

Today I bought some chips with 2 quarters, quickly getting out of the store to catch the bus. I love Bitcoin, but it's not going to replace being able to quickly hand in two quarters and then back out. Small purchases like those. I mean if I payed with Bitcoin, or even a debit card, which isn't accepted at the grocery store would have been much more inconvenient.

well the transactions are immediate and you dont need to wait for any confirmations because no one would be bothering to double spend bitcoins because of the pack of chips, besides that shops can have cameras and take your identity and then you would be punished for stealing if you double spent it. PROBLEM SOLVED

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Quote from: BitcoinPaw on August 24, 2016, 09:20:05 AM

Replacing a paper money with digital is very strange, and i can't understand why people should do it? At my opinion paper money is better in all cases.

in some case i agree with your opinion, but in other case, like the simply to save, paper less, bitcoin/digital currency is better than paper money

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Quote from: diegz on August 24, 2016, 10:21:11 AM

Quote from: BitcoinPaw on August 24, 2016, 09:20:05 AM

Replacing a paper money with digital is very strange, and i can't understand why people should do it? At my opinion paper money is better in all cases.

Well, for now yes, paper money still has an advantage over digital money... There is no sign yet that paper money will disappear or it will be banned by their state... Except if all the government has a problem of reproducing it...

That's just the nature of profit in the transaction. because paper money giving something ease in every transaction is done and all the countries or communities also use paper money. However for the benefit of the investment, then I prefer the BTC for this, because it's better than investing with paper money

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Quote from: BitcoinPaw on August 24, 2016, 09:20:05 AM

Replacing a paper money with digital is very strange, and i can't understand why people should do it? At my opinion paper money is better in all cases.

Well, for now yes, paper money still has an advantage over digital money... There is no sign yet that paper money will disappear or it will be banned by their state... Except if all the government has a problem of reproducing it...

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Replacing a paper money with digital is very strange, and i can't understand why people should do it? At my opinion paper money is better in all cases.

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Today, a lot more demands of society on the calculation of paper money for its tedious. While there will be a civilization so much and there will be paper money.

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Quote from: umaOuma on August 24, 2016, 08:21:37 AM

Quote from: dinda22 on August 24, 2016, 04:50:23 AM

Quote from: serjent05 on August 24, 2016, 02:12:37 AM

Quote from: blackmachinegun on August 24, 2016, 12:46:08 AM

Quote from: twerdefnce on August 23, 2016, 03:07:20 AM

I think it is easy to know that paper money will be gone in future, as even now, people uses credit cards more than paper money because it is easier to pay for something

yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind

I guess you are right, if this thing happen then 80% - 95% of world population will be left behind. So basically this percentage will still use paper money which for them is most convenient. Then if the majority of the population use it then what it is called? So I think it digital currency will never replace paper money. See how digital currency adopt with its paper wallet? Cheesy

I do not like carrying paper money, experience when I lost and it could not come back. but when I always use a credit card, then I lost my credit cards and money is still safe. so in the future, I hope digital payment used by many people, because they do not have to carry paper money has a fairly high risk when lost.

Yeah with paper money there is most chances that you may get robbed but still I feel that paper money is good to use as it is accepted everywhere.

Everything has a risk, even bitcoin is so risky when the user does not know how to protect his investment and it can easily be hack, even big exchanges was not safe to hacking how much more an individual. Paper money can be robbed but when we are careful with our money we can avoid that. We should take care of our money as that is our responsibility regardless if that is bitcoin or paper money.

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Quote from: dinda22 on August 24, 2016, 04:50:23 AM

Quote from: serjent05 on August 24, 2016, 02:12:37 AM

Quote from: blackmachinegun on August 24, 2016, 12:46:08 AM

Quote from: twerdefnce on August 23, 2016, 03:07:20 AM

I think it is easy to know that paper money will be gone in future, as even now, people uses credit cards more than paper money because it is easier to pay for something

yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind

I guess you are right, if this thing happen then 80% - 95% of world population will be left behind. So basically this percentage will still use paper money which for them is most convenient. Then if the majority of the population use it then what it is called? So I think it digital currency will never replace paper money. See how digital currency adopt with its paper wallet? Cheesy

I do not like carrying paper money, experience when I lost and it could not come back. but when I always use a credit card, then I lost my credit cards and money is still safe. so in the future, I hope digital payment used by many people, because they do not have to carry paper money has a fairly high risk when lost.

Yeah with paper money there is most chances that you may get robbed but still I feel that paper money is good to use as it is accepted everywhere.

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Quote from: serjent05 on August 24, 2016, 02:12:37 AM

Quote from: blackmachinegun on August 24, 2016, 12:46:08 AM

Quote from: twerdefnce on August 23, 2016, 03:07:20 AM

I think it is easy to know that paper money will be gone in future, as even now, people uses credit cards more than paper money because it is easier to pay for something

yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind

I guess you are right, if this thing happen then 80% - 95% of world population will be left behind. So basically this percentage will still use paper money which for them is most convenient. Then if the majority of the population use it then what it is called? So I think it digital currency will never replace paper money. See how digital currency adopt with its paper wallet? Cheesy

I do not like carrying paper money, experience when I lost and it could not come back. but when I always use a credit card, then I lost my credit cards and money is still safe. so in the future, I hope digital payment used by many people, because they do not have to carry paper money has a fairly high risk when lost.

entrepmind23

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I think there will still be paper money in the future since there are still so many people that are not into new technology and would prefer to use paper money instead of digital one. Bitcoin is a money that the government can't control so they will find a way that will convince people to use paper money in which every time people spend it they have a share whereas in digital money they have no control. They will co-exist in the future as what is happening now but there may be more users of digital money as our technology is always innovating and sooner or later they will be introduced to bitcoin and be enticed to use it if they knew its advantages over paper money. But still older generations will prefer paper money because that is what they are used to and they don't want to complicate things with digital money.

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Quote from: blackmachinegun on August 24, 2016, 12:46:08 AM

Quote from: twerdefnce on August 23, 2016, 03:07:20 AM

I think it is easy to know that paper money will be gone in future, as even now, people uses credit cards more than paper money because it is easier to pay for something

yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind

I guess you are right, if this thing happen then 80% - 95% of world population will be left behind. So basically this percentage will still use paper money which for them is most convenient. Then if the majority of the population use it then what it is called? So I think it digital currency will never replace paper money. See how digital currency adopt with its paper wallet? Cheesy

Topic: The future of the paper money - page 201. (Read 416598 times)