The future of the paper money - page 208.

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Quote from: Leprikon on August 06, 2016, 05:20:28 AM

Quote from: torrentheaven on August 06, 2016, 05:11:35 AM

Quote from: Wapinter on August 06, 2016, 04:27:01 AM

Quote from: sempak on July 24, 2016, 08:39:49 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

At this stage paper money is more convenient in purchasing physical goods as there are no merchants available that accepts bitcoins and even in future there will be certain percentage of people who will prefer to use paper money.

Paper money, live lately. Perhaps people have not yet learned how to use online payments. But many people now use credit cards for payments. And, of course, in the near future, the paper money will not be. But this is not necessarily what Bitcoin will replace paper money.

Well the future of money is going to be gone, because if we are talking about the future. The future is going to be paper less government or cashless society, because the people wants to have transactions that are going to be convenient to them. And that is going to be the answer for their problem.
So, maybe we are going to say good bye to paper money in the future.

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Quote from: Leprikon on August 06, 2016, 05:27:26 AM

Quote from: Wapinter on August 06, 2016, 04:27:01 AM

Quote from: sempak on July 24, 2016, 08:39:49 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 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.

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Quote from: Wapinter on August 06, 2016, 04:27:01 AM

Quote from: sempak on July 24, 2016, 08:39:49 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.

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Quote from: torrentheaven on August 06, 2016, 05:11:35 AM

Quote from: Wapinter on August 06, 2016, 04:27:01 AM

Quote from: sempak on July 24, 2016, 08:39:49 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

At this stage paper money is more convenient in purchasing physical goods as there are no merchants available that accepts bitcoins and even in future there will be certain percentage of people who will prefer to use paper money.

Paper money, live lately. Perhaps people have not yet learned how to use online payments. But many people now use credit cards for payments. And, of course, in the near future, the paper money will not be. But this is not necessarily what Bitcoin will replace paper money.

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Quote from: Wapinter on August 06, 2016, 04:27:01 AM

Quote from: sempak on July 24, 2016, 08:39:49 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

At this stage paper money is more convenient in purchasing physical goods as there are no merchants available that accepts bitcoins and even in future there will be certain percentage of people who will prefer to use paper money.

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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.

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Quote from: sempak on July 24, 2016, 08:39:49 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

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Quote from: Positid on July 25, 2016, 12:37:31 AM

Quote from: tabas on July 24, 2016, 11:53:54 PM

Quote from: lemipawa on July 24, 2016, 10:43:52 PM

Quote from: Kotone on July 24, 2016, 10:35:13 PM

You can't ban paper moneys. Because that's an international Cash. Anywhere in this world is using Paper money and also Coins. You have to accept it. But if Cryptocurrency will rise and if this will be an international money, then that's good. But I assured that this Cryptocurrency can ban paper money. Because how about the Rural Areas ? How about the places without internet ? How about the people who didn't still know what is Bitcoin ? Maybe after 50-100 Years I think, All currencies will be digital and all things will be bought online.

Maybe less than we are expecting as there are activists out there pushing for paperless society. Government can save a lot of money as well they stop the circulation of paper money and start adapting using online payment or use of smart phone but you are right that there are areas like the rural areas that may not be able to use online payment because of slow or no internet connection at all.

I believe that it is going to happen in the future that the government is going to implement cashless society and its been a plan since then.
And for sure it is going to happen that the government is going to allow it to happen and going to convince people that it is better to use that
cashless money.

Maybe, but that would be a long wait before it will happen, people are already comfortable with paper money and to be honest it is really good to spend paper money as it is very simple to do transaction with anyone. And if you go to the bar you can easily tip to some hot chicks.

People are comfortable with the fiat paper money because they do not realise the benefit of the crypto currency.

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Quote from: tabas on July 24, 2016, 11:53:54 PM

Quote from: lemipawa on July 24, 2016, 10:43:52 PM

Quote from: Kotone on July 24, 2016, 10:35:13 PM

You can't ban paper moneys. Because that's an international Cash. Anywhere in this world is using Paper money and also Coins. You have to accept it. But if Cryptocurrency will rise and if this will be an international money, then that's good. But I assured that this Cryptocurrency can ban paper money. Because how about the Rural Areas ? How about the places without internet ? How about the people who didn't still know what is Bitcoin ? Maybe after 50-100 Years I think, All currencies will be digital and all things will be bought online.

Maybe less than we are expecting as there are activists out there pushing for paperless society. Government can save a lot of money as well they stop the circulation of paper money and start adapting using online payment or use of smart phone but you are right that there are areas like the rural areas that may not be able to use online payment because of slow or no internet connection at all.

I believe that it is going to happen in the future that the government is going to implement cashless society and its been a plan since then.
And for sure it is going to happen that the government is going to allow it to happen and going to convince people that it is better to use that
cashless money.

Maybe, but that would be a long wait before it will happen, people are already comfortable with paper money and to be honest it is really good to spend paper money as it is very simple to do transaction with anyone. And if you go to the bar you can easily tip to some hot chicks.

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With paper money debt is the currency. The banks can loan out like $100,000 even if they only have $5,000 in their safe. Then the Federal Reserve is responsible for making money to flow through the economy to satisfy those debts. So they would need to print $95,000 to make that loan payable. In reality, they don't print money for every single dollar of debt because that would be hyper inflation. With Bitcoin, you can't just magically get more Bitcoin than you have to loan somebody $100,000 if you only have $5,000.

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Quote from: lemipawa on July 24, 2016, 10:43:52 PM

Quote from: Kotone on July 24, 2016, 10:35:13 PM

You can't ban paper moneys. Because that's an international Cash. Anywhere in this world is using Paper money and also Coins. You have to accept it. But if Cryptocurrency will rise and if this will be an international money, then that's good. But I assured that this Cryptocurrency can ban paper money. Because how about the Rural Areas ? How about the places without internet ? How about the people who didn't still know what is Bitcoin ? Maybe after 50-100 Years I think, All currencies will be digital and all things will be bought online.

Maybe less than we are expecting as there are activists out there pushing for paperless society. Government can save a lot of money as well they stop the circulation of paper money and start adapting using online payment or use of smart phone but you are right that there are areas like the rural areas that may not be able to use online payment because of slow or no internet connection at all.

I believe that it is going to happen in the future that the government is going to implement cashless society and its been a plan since then.
And for sure it is going to happen that the government is going to allow it to happen and going to convince people that it is better to use that
cashless money.

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Quote from: Kotone on July 24, 2016, 10:35:13 PM

You can't ban paper moneys. Because that's an international Cash. Anywhere in this world is using Paper money and also Coins. You have to accept it. But if Cryptocurrency will rise and if this will be an international money, then that's good. But I assured that this Cryptocurrency can ban paper money. Because how about the Rural Areas ? How about the places without internet ? How about the people who didn't still know what is Bitcoin ? Maybe after 50-100 Years I think, All currencies will be digital and all things will be bought online.

Maybe less than we are expecting as there are activists out there pushing for paperless society. Government can save a lot of money as well they stop the circulation of paper money and start adapting using online payment or use of smart phone but you are right that there are areas like the rural areas that may not be able to use online payment because of slow or no internet connection at all.

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You can't ban paper moneys. Because that's an international Cash. Anywhere in this world is using Paper money and also Coins. You have to accept it. But if Cryptocurrency will rise and if this will be an international money, then that's good. But I assured that this Cryptocurrency can ban paper money. Because how about the Rural Areas ? How about the places without internet ? How about the people who didn't still know what is Bitcoin ? Maybe after 50-100 Years I think, All currencies will be digital and all things will be bought online.

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Quote from: Zooplus on July 24, 2016, 09:04:41 PM

Quote from: Crazygreek on July 24, 2016, 07:10:20 PM

I don't know what will happen to paper money in 10 years but i am sure that people will use it anyway cause it's something very native to every human.

We know already what will happen because there is no big threat right now that would eliminate paper money in the circulation and even if bitcoin is moving fast but still cannot let that happen to eliminate the use of paper money. The population is huge to get them to adopt.

As of now there is no threat at all because people tend to use and choose still paper money. But when we are talking about the future.
For sure what is going to happen is that you are going to see that the mass adoption of a digital currency or simply as bitcoin.
And that will going to make paper money gone.

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Quote from: Crazygreek on July 24, 2016, 07:10:20 PM

I don't know what will happen to paper money in 10 years but i am sure that people will use it anyway cause it's something very native to every human.

We know already what will happen because there is no big threat right now that would eliminate paper money in the circulation and even if bitcoin is moving fast but still cannot let that happen to eliminate the use of paper money. The population is huge to get them to adopt.

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I don't know what will happen to paper money in 10 years but i am sure that people will use it anyway cause it's something very native to every human.

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Quote from: Maesters1- on July 24, 2016, 01:33:31 PM

very honestly the importance of paper money cannot be ignore not in prest time and not in future. although it is a fact that a time will come when most of the people will give preference to bitcoin must of the people will use bitcoin but still the importance of bitcoin cannot be ignore.

Paper money is very powerful in the current situation. eve though bitcoin is widely used paper money is still gonna reamain in the world.
It can be used in the place where there is no internet access. Many poor countries will have to use it

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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?

i doubt that paper money will go completely extinct because some people will still want to use it and decide not to go with bitcoins though i think that popularity of it will decrease significantly as people will start using it less and less because of adopting bitcoin

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i think it s the need of the time and it is almost impossible that the importance of bitcoin can be ever lost. because 100 percent of bitcoin user in this world is impossible.

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Quote from: sempak on July 24, 2016, 08:39:49 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.

well yeah but this will change in the near future, in my opinion people in like a few decades will be using bitcoins more than paper money, i hope it will make me money

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