Topic: The future of the paper money - page 205. (Read 416598 times)
I think there will always be paper money, since the volume of money can be controlled and expanded within a state economy if need be, and it makes capital easier to exchange and move around, therefore making trade and economic exchanges more efficient. Although bitcoin's mining cap means that more bitcoin can't be created, thusly devaluing it, it would make it difficult for this kind of digital currency to become a state currency.
I like paper money cause it's very comfotable to use, and i think that many people likes paper money, i am not sure that we will see digital money everywhere soon.
Paper money would stood still until the end of time i guess since its been used for how many centuries and its not easy to be replaced by another like some people claim that bitcoin could replace fiat then its impossible, bitcoin have the potential to fully developed in the future but it wouldnt replace paper currency.
I like paper money cause it's very comfotable to use, and i think that many people likes paper money, i am not sure that we will see digital money everywhere soon.
Paper money as it currently exists has no future. However if paper money is covered one hundred percent by Gold, Bitcoins, Silver or something else which can not created just out of air, then it could have a future. The mess started when elites decided to abolish Gold covered paper money.
I assume that in your variety of economics goods produced and services rendered don't count as something else which is not created just out of air? If so, you essentially deprive the total majority of real goods (save for gold, silver and something else which is not goods) of their value and usefulness to people...
Which obviously doesn't make much sense. And what's the inference then?
What was that? Google Translator got out of whack again?
Paper money as it currently exists has no future. However if paper money is covered one hundred percent by Gold, Bitcoins, Silver or something else which can not created just out of air, then it could have a future. The mess started when elites decided to abolish Gold covered paper money.
I assume that in your variety of economics goods produced and services rendered don't count as something else which is not created just out of air? If so, you essentially deprive the total majority of real goods (save for gold, silver and something else which is not goods) of their value and usefulness to people...
Which obviously doesn't make much sense. And what's the inference then?
What was that? Google Translator got out of whack again?
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 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 can not be banned entirely because people will use it every time and it can not be replaced with anything else.
As long as the human exists always will be something that people will transfer hand by hand like paper money.
The average joe is never going to start using Bitcoin over paper money. It will just be too complicated for the average person who can't even set up their TVs remote control. What about when they can't remember their password? What about mentally ill? Paper money is just more simple.
Paper money as it currently exists has no future. However if paper money is covered one hundred percent by Gold, Bitcoins, Silver or something else which can not created just out of air, then it could have a future. The mess started when elites decided to abolish Gold covered paper money.
I assume that in your variety of economics goods produced and services rendered don't count as something else which is not created just out of air? If so, you essentially deprive the total majority of real goods (save for gold, silver and something else which is not goods) of their value and usefulness to people...
Which obviously doesn't make much sense. And what's the inference then?
Paper money as it currently exists has no future. However if paper money is covered one hundred percent by Gold, Bitcoins, Silver or something else which can not created just out of air, then it could have a future. The mess started when elites decided to abolish Gold covered paper money.
I assume that in your variety of economics goods produced and services rendered don't count as something else which is not created just out of air? If so, you essentially deprive the total majority of real goods (save for gold, silver and something else which is not goods) of their value and usefulness to people...
Which obviously doesn't make much sense. And what's the inference then?
Paper money as it currently exists has no future. However if paper money is covered one hundred percent by Gold, Bitcoins, Silver or something else which can not created just out of air, then it could have a future. The mess started when elites decided to abolish Gold covered paper money.
Interesting thoughts, the future is in your fingertips.
what interesting thoughts? paper money have no future, deal with it, in my opinion bitcoin or some othe currency is going to conquer the world in the near futureInteresting thoughts, the future is in your fingertips.
the future is in our hands for sure, we need to use papermoney as less as possible in order for bitcoin to become big 
I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.
Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
I don't think you could use both, it's one or the other.
Interesting thoughts, the future is in your fingertips.
what interesting thoughts? paper money have no future, deal with it, in my opinion bitcoin or some othe currency is going to conquer the world in the near futureThe Chinese central bank has announced that it is going to research on the issuing of digital currency. So it might issue one after some time.
Interesting thoughts, the future is in your fingertips.
what interesting thoughts? paper money have no future, deal with it, in my opinion bitcoin or some othe currency is going to conquer the world in the near future 
I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.
Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
Yes, now we can't say that only single currency fiat or crypto give us proper profit, we should use both of them. Currently there is no other option but to keep on using the both, Fiat and digital currency.
I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.
Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
Yes, now we can't say that only single currency fiat or crypto give us proper profit, we should use both of them. Currently there is no other option but to keep on using the both, Fiat and digital currency.
I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.
Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.
Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.
I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
i hope that you are right though in my opinion bitcoins might fail either, anything is possibleIf the bitcoin can learn from the past mistakes or implement good protocols, it will be fine, Otherwise, it will be dead.
I think the system's excellent and bitcoin will not be taken over by the hackers. so this would be something that would be best for the future. Bitcoin can give profits, security, and also providing services are very cheap. It is also supported by all owners of the bitcoin is absolutely anonymous.
I hope so. I hope the security in it will be much stronger than now. Specially when large investors will also come in. They dont want even a 1% risks to their money. That could enhance the number of investing here.
Bitcoin is secure in the inner part. Hacking is done in some of the exchanges so the light security must be blamed with those trading exchanges and not on the bitcoin's security itself
Security can do nothing against scams and inside jobs. When we are told about some exchange being hacked, it may well be that its owners simply decided to call it a day and get done with the money of their clients. And inside job is often just another convenient term for that...
That someone at the top of the exchange decided to scam on their clients
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