Topic: The future of the paper money - page 209. (Read 416566 times)
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.
From my point of view, paper money will always be available , bitcoin or any virtual coin will not take their place, for the next 30 years at least.
Its happening as we speaks, currently people doesnt really use paper money anymore. There are things that we use nowadays, credit card , visa and debit therefore even if cryptocurrency wont be taking lead in providing the world's new monetary system but definitely we wont see paper money for too long now
Yup and they are using cards only because they have paper money in their bank accounts, if they don't have fiat then those cards would be useless.
I'll be interested to see what Bitcoin does in the next financial crisis. Everyone here seems to think it will become insanely valuable like gold, but I think it will have the opposite effect and decrease drastically in price due to the risky nature of holding it. In a crisis, there will be a flight from the most risky assets to the safest, and that means major outflows from Bitcoin.
It will be a long time before paper money is no longer used.
Everyone would need a device with them (smartphone etc) that can send and receive payments.
It will happen one day though. People already use credit cards and pay with their smartphone app.
And just because currency is digital, doesn't mean you are safe from getting robbed!
In the future we will see people being held at gunpoint until they reveal the password to the account,
and hackers stealing money online instead of bank robbers running away with an armored car full of cash!
Yes I agree, many people has already started using only electronic format of money and never touch paper money. Everyone would need a device with them (smartphone etc) that can send and receive payments.
It will happen one day though. People already use credit cards and pay with their smartphone app.
And just because currency is digital, doesn't mean you are safe from getting robbed!
In the future we will see people being held at gunpoint until they reveal the password to the account,
and hackers stealing money online instead of bank robbers running away with an armored car full of cash!
But the community of this kind of people is very thin because only highly educated people can live only with digital money. When all kind of people could use digital money, then paper money will find difficult times.
From my point of view, paper money will always be available , bitcoin or any virtual coin will not take their place, for the next 30 years at least.
Its happening as we speaks, currently people doesnt really use paper money anymore. There are things that we use nowadays, credit card , visa and debit therefore even if cryptocurrency wont be taking lead in providing the world's new monetary system but definitely we wont see paper money for too long now
Yup and they are using cards only because they have paper money in their bank accounts, if they don't have fiat then those cards would be useless.
I'll be interested to see what Bitcoin does in the next financial crisis. Everyone here seems to think it will become insanely valuable like gold, but I think it will have the opposite effect and decrease drastically in price due to the risky nature of holding it. In a crisis, there will be a flight from the most risky assets to the safest, and that means major outflows from Bitcoin.
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.
From my point of view, paper money will always be available , bitcoin or any virtual coin will not take their place, for the next 30 years at least.
Its happening as we speaks, currently people doesnt really use paper money anymore. There are things that we use nowadays, credit card , visa and debit therefore even if cryptocurrency wont be taking lead in providing the world's new monetary system but definitely we wont see paper money for too long now
Yup and they are using cards only because they have paper money in their bank accounts, if they don't have fiat then those cards would be useless.
In the light of the current discussion on helicopter money, with known inflation consequences, it could be that bitcoins become the much more popular. With high inflation, as people start fleeing towards a safe currency which could be the bitcoin.
Well you are right people are looking for a safe currency which is going to give them convenience at all. And with paper money there are robbers that are going to hunt you down if you are going to hold a lot of money. But with bitcoin it is safe on your bitcoin wallet.
Yeah due to the robbers people try to stay with digital system, like bank cards etc, and if they will know about bitcoin and will know about its features they will start to love it and will adopt it for their uses and security.
If you've ever bought anything with a credit card, you've used digital money. It's not hard at all. Most the transactions that take place in America are digital transactions.
Of course it is happening to places with a high technology. They can afford it. But still there are countries who dont trust on a credit card. They think if they have that kind of thing that they know they can use even if they dont have money yet, they might abuse it. And of course banks would love that. If you think about it, it is also a marketing strategy or a robbery.
Credit cards do not necessitate taking loans. It's advisable not to use a credit card if you can't pay for whatever you're buying in full. Anyway, swap out credit card in the above example with debit card and point remains that the vast majority of transactions that take place in our economy are already using electronic money.
From my point of view, paper money will always be available , bitcoin or any virtual coin will not take their place, for the next 30 years at least.
Its happening as we speaks, currently people doesnt really use paper money anymore. There are things that we use nowadays, credit card , visa and debit therefore even if cryptocurrency wont be taking lead in providing the world's new monetary system but definitely we wont see paper money for too long now
Yup and they are using cards only because they have paper money in their bank accounts, if they don't have fiat then those cards would be useless.
From my point of view, paper money will always be available , bitcoin or any virtual coin will not take their place, for the next 30 years at least.
Its happening as we speaks, currently people doesnt really use paper money anymore. There are things that we use nowadays, credit card , visa and debit therefore even if cryptocurrency wont be taking lead in providing the world's new monetary system but definitely we wont see paper money for too long now
I think paper money will last very long time.See, there are many difference in paper money and online cryptocurrency. Everybody find paper money the most safest way for payment.so i think paper money will last a very long time.
It is not really the safest when you are holding it for it can be robbed at you. But I think it became the basics of trade and everyone is used to it.
I think paper money will last very long time.See, there are many difference in paper money and online cryptocurrency. Everybody find paper money the most safest way for payment.so i think paper money will last a very long time.
It is not really the safest when you are holding it for it can be robbed at you. But I think it became the basics of trade and everyone is used to it.
I think paper money will last very long time.See, there are many difference in paper money and online cryptocurrency. Everybody find paper money the most safest way for payment.so i think paper money will last a very long time.
Paper money is always safe and there is no threat to it from bitcoin as the users of paper money are more in compare to bitcoin and that will continue in future too.
From my point of view, paper money will always be available , bitcoin or any virtual coin will not take their place, for the next 30 years at least.
Its happening as we speaks, currently people doesnt really use paper money anymore. There are things that we use nowadays, credit card , visa and debit therefore even if cryptocurrency wont be taking lead in providing the world's new monetary system but definitely we wont see paper money for too long now
From my point of view, paper money will always be available , bitcoin or any virtual coin will not take their place, for the next 30 years at least.
Future remains intact of the paper money as worldwide there cannot be one currency. Paper money will not disappear anytime soon, maybe it will be replaced by something else similar to paper. Bitcoin could act as an secondary currency if country adopts it.
I think the paper money will not be replaced by other banknotes version but will be replaced by something more sophisticated like digital currency. perhaps currencies like bitcoin could take over
Future remains intact of the paper money as worldwide there cannot be one currency. Paper money will not disappear anytime soon, maybe it will be replaced by something else similar to paper. Bitcoin could act as an secondary currency if country adopts it.
I think the paper money will not be replaced by other banknotes version but will be replaced by something more sophisticated like digital currency. perhaps currencies like bitcoin could take overIt will be a long time before paper money is no longer used.
Everyone would need a device with them (smartphone etc) that can send and receive payments.
It will happen one day though. People already use credit cards and pay with their smartphone app.
And just because currency is digital, doesn't mean you are safe from getting robbed!
In the future we will see people being held at gunpoint until they reveal the password to the account,
and hackers stealing money online instead of bank robbers running away with an armored car full of cash!
Yes I agree, many people has already started using only electronic format of money and never touch paper money. Everyone would need a device with them (smartphone etc) that can send and receive payments.
It will happen one day though. People already use credit cards and pay with their smartphone app.
And just because currency is digital, doesn't mean you are safe from getting robbed!
In the future we will see people being held at gunpoint until they reveal the password to the account,
and hackers stealing money online instead of bank robbers running away with an armored car full of cash!
But the community of this kind of people is very thin because only highly educated people can live only with digital money. When all kind of people could use digital money, then paper money will find difficult times.
Paper money will be used at least a decade more as there are sufficient facilities and support for digital currency to be adopted and accepted widely soon. We have to look at the third world countries where ATM's are not working or available well. Lets say in 20 years from now may be paper money will be swapped with digital currency but not before.
I think the future of paper money would have been visible. you can see how people prefer to pay using debit cards instead of paper money.
That's true but almost all people are earning their salary in fiat and it will continue in future too, so I don't think that paper money will simply disappear in future.
I agree , paper money would be difficult to disappear in future since we used it for how many years and its the traditional way. Even bitcoin exist but it couldnt replace paper money in everyday living. Most of the people would prefer using paper money than bitcoin itself. Paper money in future would stood still even if there are other competencies out there.
Yeah but we will be really old by then if not dead already. It still takes a some generations to only have computer literate people on this world. But it will definitely be coming.
But in the generation today even a 3 year old kid is able to manage to use a tablet or any gadget at all. And for sure it is going to make him develop as he is growing up. So he is going to be computer literate easily with it. And it is going to be a preparation for the adoption of bitcoin and going to forget paper money.
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