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Topic: The future of the paper money - page 207. (Read 416598 times)

hero member
Activity: 658
Merit: 500
August 09, 2016, 05:52:24 PM
paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
thats true, though in my opinion bitcoins and cryptocurrencies have way more advantage than just fiat money and thats why i usually stick to it only
yeah both have their respective advantages in the future but is it possible that something that became instant would be prioritized? maybe paper money will start even when you do not still exist? but if everyone does not use paper money? of course paper money will see the end of history


member
Activity: 85
Merit: 10
August 09, 2016, 01:13:34 PM
sad but paper money can not develop much their main problems are the durability of their money and continiously printing more and more money which is normally reducing their currency value
legendary
Activity: 1638
Merit: 1046
August 09, 2016, 01:03:03 PM
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.
Its impossible that paper money will be gone in the future because its already traditional to use paper money..
bitcoin still be useful as online money paper money will be still remain because do yo think all people all over the world will accept bitcoin as payment instead of paper money? many places here in my country has no internet so paper money will be still remain..
legendary
Activity: 2758
Merit: 1004
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August 09, 2016, 12:58:00 PM
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.
Well, if the future is very friendly with the digital, I guess that's right, paper money will disappear and digital money will be used. I guess the transaction in the future could become easier with digital money, but I guess it will take a very long time, because the current paper money transaction has become a tool used by most of the world
newbie
Activity: 14
Merit: 0
August 09, 2016, 12:33:39 PM
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.
hero member
Activity: 924
Merit: 1000
Lick me like a lolipop
August 09, 2016, 05:56:31 AM
paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
i hope that you are right though im not sure whether paper money will have any future when there is such technology as bitcoins

Paper money will always have an future as we cannot expect that everyone will start using bitcoins in future and at a moment also we need to convert our bitcoins to paper money first to spend them.
sr. member
Activity: 462
Merit: 250
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August 09, 2016, 05:51:23 AM
paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
i hope that you are right though im not sure whether paper money will have any future when there is such technology as bitcoins
sr. member
Activity: 464
Merit: 250
August 09, 2016, 05:39:44 AM
paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
thats true, though in my opinion bitcoins and cryptocurrencies have way more advantage than just fiat money and thats why i usually stick to it only
Bitcoin have more advantage in terms of investment because it is not subject for inflation while the fiat is. However, as currency fiat is more advantageous as you can transact anytime and anywhere even online and offline.

The bitcoin is deflationary. You do not have to invest to gain value. The price of bitcoin will rise gradually.
legendary
Activity: 3248
Merit: 1160
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August 08, 2016, 07:32:44 PM
paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
thats true, though in my opinion bitcoins and cryptocurrencies have way more advantage than just fiat money and thats why i usually stick to it only
Bitcoin have more advantage in terms of investment because it is not subject for inflation while the fiat is. However, as currency fiat is more advantageous as you can transact anytime and anywhere even online and offline.
hero member
Activity: 504
Merit: 500
August 08, 2016, 07:25:17 PM
paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
Do not confuse paper money and online payment, on the basis of paper money. When online calculations of different currencies, the currency itself is not used. And now so many do. Accordingly, the paper money itself, may soon disappear savsem.

Paper money will never disappear it will always exist as Government will never allow bitcoin to get on mainstream and until we have Governments, we will also have paper money.
life of paper currency will depend on their own government. because that determines the currency of a country is their own government. so depending on the government to delete or retain paper money
hero member
Activity: 658
Merit: 500
August 08, 2016, 06:22:43 PM
paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
thats true, though in my opinion bitcoins and cryptocurrencies have way more advantage than just fiat money and thats why i usually stick to it only
sr. member
Activity: 447
Merit: 250
August 08, 2016, 05:45:31 PM
paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
bitcoin is really great for both type of transactions while fiat is only good for smaller ones and it is a really bad thing in my opinion because it is very important to have a possibility to transfer big money
hero member
Activity: 1442
Merit: 629
Vires in Numeris
August 08, 2016, 05:05:26 PM
I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.
Yes, this is the next step after paper money, the cards and the NFC cards.
Both are nominated in the currencies of paper money, but they are digital.
Bitcoin is a digital currency and still needs to build it's acceptance.
Maybe it would be wise to promote bitcoin based cards (do you have any news about bitcoin based NFC cards?)
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 07, 2016, 05:41:28 AM
I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.

That is the trend in developed countries.
In fact, for large transactions, paper money is frowned upon.

In the US you should report on all cash-settled payments which are equal to or exceeding $10,000. You are pretty much screwed if you want to deal in cash big way
legendary
Activity: 1246
Merit: 1000
August 07, 2016, 05:29:16 AM
I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.

That is the trend in developed countries.
In fact, for large transactions, paper money is frowned upon.
Everybody wants an auditable trail for money flow.
sr. member
Activity: 464
Merit: 250
August 07, 2016, 04:00:35 AM
I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.

The credit card can be used in many places. I also use 90% of my purchase with credit cards. I also use some bitcoin.
hero member
Activity: 2548
Merit: 950
fly or die
August 06, 2016, 08:33:15 AM
I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.
hero member
Activity: 952
Merit: 1000
August 06, 2016, 08:29:45 AM
to me there is no threat to paper money in near future, although in modern age most of the people are giving preference to digital currency and online shopping but still the majority of the people have yet not available the facilities of internet computer, and still more that 70% are illiterate and no knowledge about computer and internet therefore still it will take a lot of time all the people of the world will use bitcoin.
its not only about the illiteracy but its about the rate... if we dont know what is the rate of BTC then we cant use BTC for day to day life.....for that comparison also we need paper money..
so there is no treat to paper money

Paper money is the most important part of our lives in fact we can say that its an basic necessity at a moment as we don't have option of spending bitcoin and even in future we cannot expect that each and every shop will accept bitcoin.
sr. member
Activity: 491
Merit: 250
August 06, 2016, 08:20:24 AM
to me there is no threat to paper money in near future, although in modern age most of the people are giving preference to digital currency and online shopping but still the majority of the people have yet not available the facilities of internet computer, and still more that 70% are illiterate and no knowledge about computer and internet therefore still it will take a lot of time all the people of the world will use bitcoin.
its not only about the illiteracy but its about the rate... if we dont know what is the rate of BTC then we cant use BTC for day to day life.....for that comparison also we need paper money..
so there is no treat to paper money
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 06, 2016, 04:48:01 AM
paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
Do not confuse paper money and online payment, on the basis of paper money. When online calculations of different currencies, the currency itself is not used. And now so many do. Accordingly, the paper money itself, may soon disappear savsem.

Paper money and specie are used in offline transactions where they still remain a prevalent method of payment in small retail business. So, in no case paper money can soon disappear "savsem" (lol)...

Google translator is such a joke at times
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