The future of the paper money - page 212.

milewilda

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Quote from: Positid on July 21, 2016, 02:37:44 AM

Quote from: milewilda on July 21, 2016, 02:29:35 AM

Quote from: bitcoinisfurture on July 21, 2016, 01:38:49 AM

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.

Paper money would not disappear since its been used for many centuries even there are lots of kinds of currency out there, one would be replace and one currency would exist . You stated that bitcoin would act as secondary, yes it would since theres no possibility that bitcoin could replace paper money since btc was made of codes it a different story and shouldnt be compare.

In the future it could be more on digital money rather than paper money but we cannot predict when it will happen. There is a good possibility that it will happen because the world is starting to switch into paperless economy.

Well you have a point since technology is upgrading everyday maybe those digital currencies would be adopt by a certain country but i would take time too too replace paper currency. Lets see what would be the potential of digital currency like bitcoin would contribute and developed in the future.

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Quote from: milewilda on July 21, 2016, 02:29:35 AM

Quote from: bitcoinisfurture on July 21, 2016, 01:38:49 AM

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.

Paper money would not disappear since its been used for many centuries even there are lots of kinds of currency out there, one would be replace and one currency would exist . You stated that bitcoin would act as secondary, yes it would since theres no possibility that bitcoin could replace paper money since btc was made of codes it a different story and shouldnt be compare.

In the future it could be more on digital money rather than paper money but we cannot predict when it will happen. There is a good possibility that it will happen because the world is starting to switch into paperless economy.

milewilda

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Quote from: bitcoinisfurture on July 21, 2016, 01:38:49 AM

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.

Paper money would not disappear since its been used for many centuries even there are lots of kinds of currency out there, one would be replace and one currency would exist . You stated that bitcoin would act as secondary, yes it would since theres no possibility that bitcoin could replace paper money since btc was made of codes it a different story and shouldnt be compare.

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Quote from: bitcoinisfurture on July 21, 2016, 01:38:49 AM

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 this is more depending on generations. The older generations want their paper money, which they can feel and carry around. But the younger generations prefer the plastic money by just having one credit card. In the next 20-30 years we will see the paper money more and more disappear.

For politics it would be great to get rid of all paper money as they can fully control virtual currencies.

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Quote from: bitcoinisfurture on July 21, 2016, 01:38:49 AM

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.

If we are talking future of course we are going to see that what is going to happen for that time. And we all know that technology conquers all over the manual and basic requirements on this worlds , processes and for sure in monetary unit. Technology is going to conquer it, so the future of paper money is going to be out.

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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.

tabas

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Quote from: Doms on July 21, 2016, 01:30:40 AM

Quote from: freedomgo on July 21, 2016, 12:32:18 AM

Quote from: Dobmaster on July 20, 2016, 12:12:09 PM

Quote from: JessicaSe on July 20, 2016, 10:59:39 AM

The future of paper money can only be at risk if bitcoin gains physical form in future and if that happens then majority of users will prefer to use bitcoin.

That could be right. But there is no need for the bitcoin to have physical form. As long as you have smart phone, you can pay with it.

Internet is the basic for bitcoin, without internet we cannot transact because it is an internet money where we can use with our transactions. In the future, paper money will be less demand and that will only happen when the adoption will increase.

We would see less and less paper money in circulation once people are more comfortable doing most of their transactions online. There will be those who would still prefer using paper money because they are so used to it already while for those who want to make their transactions less hassle-free and more efficient, digital money is the way to go.

This is really going to happen in the future. People wants to have convenience in their transactions that's why they are going to choose bitcoin instead of paper money. And the use of paper money will phase out because people are more convenient in using it. And it cannot be robbed easily by those lazy snatchers.

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Quote from: freedomgo on July 21, 2016, 12:32:18 AM

Quote from: Dobmaster on July 20, 2016, 12:12:09 PM

Quote from: JessicaSe on July 20, 2016, 10:59:39 AM

The future of paper money can only be at risk if bitcoin gains physical form in future and if that happens then majority of users will prefer to use bitcoin.

That could be right. But there is no need for the bitcoin to have physical form. As long as you have smart phone, you can pay with it.

Internet is the basic for bitcoin, without internet we cannot transact because it is an internet money where we can use with our transactions. In the future, paper money will be less demand and that will only happen when the adoption will increase.

We would see less and less paper money in circulation once people are more comfortable doing most of their transactions online. There will be those who would still prefer using paper money because they are so used to it already while for those who want to make their transactions less hassle-free and more efficient, digital money is the way to go.

tabas

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Quote from: Dobmaster on July 20, 2016, 12:12:09 PM

Quote from: JessicaSe on July 20, 2016, 10:59:39 AM

The future of paper money can only be at risk if bitcoin gains physical form in future and if that happens then majority of users will prefer to use bitcoin.

That could be right. But there is no need for the bitcoin to have physical form. As long as you have smart phone, you can pay with it.

Yes that is the characteristic of bitcoin that it is an online currency or digital currency and you don't have to have it on a physical form.
It is a very basic cashless way of living or paying out anything that you are going to buy. And bitcoin that surely kill the paper money
in the near future.

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Quote from: Dobmaster on July 20, 2016, 12:12:09 PM

Quote from: JessicaSe on July 20, 2016, 10:59:39 AM

The future of paper money can only be at risk if bitcoin gains physical form in future and if that happens then majority of users will prefer to use bitcoin.

That could be right. But there is no need for the bitcoin to have physical form. As long as you have smart phone, you can pay with it.

Internet is the basic for bitcoin, without internet we cannot transact because it is an internet money where we can use with our transactions. In the future, paper money will be less demand and that will only happen when the adoption will increase.

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Quote from: JessicaSe on July 20, 2016, 10:59:39 AM

The future of paper money can only be at risk if bitcoin gains physical form in future and if that happens then majority of users will prefer to use bitcoin.

That could be right. But there is no need for the bitcoin to have physical form. As long as you have smart phone, you can pay with it.

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The future of paper money can only be at risk if bitcoin gains physical form in future and if that happens then majority of users will prefer to use bitcoin.

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Quote from: Bitcoinbro on July 20, 2016, 10:29:18 AM

Paper money is not going anywhere I think that it will maybe disappear over 30 years or so because I do not see any reason why they should do it now.
Paper money is handy and we still have a bit of privacy because of it.

It's true that paper money won't exist much longer but the reason is not as what you said, the most probable reason is because the economic system of our money will crash because of the continuous debt that every country's making. Means if country has bigger debt = to make more paper money, making more moey will result to = deflation.
https://en.wikipedia.org/wiki/List_of_countries_by_public_debt

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Quote from: tabas on July 20, 2016, 02:15:33 AM

Quote from: DaddyMonsi on July 20, 2016, 01:45:01 AM

Since there are petitions from environmentalist for companies to adopt a "paperless office", I am not going to be surprised to see if a country will start implementing or demonitizing the paper money. if you go to countries like Indonesia and Vietnam, you will be surprised to know that there's a lot of millionaires there because of the value of their money is low, so if they plan to buy something that is expensive expect them to bring a lot of paper money.

Well for sure it is going to be a paperless society in the future and the use of paper money is going to be out of the league.
And since the environmentalist are petitioning for paper less for sure it is going to be granted.
So we are going to be paperless world in the future.

There are lots of alternatives if people are caring for the environment. Paper money can be transferred to any physical thing to save trees if they are really concern. Paper money or fiat is important since most of the transactions are physical and direct which isn't possible in bitcoin especially if there's no internet available.

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Quote from: Bitcoinbro on July 20, 2016, 10:29:18 AM

Paper money is not going anywhere I think that it will maybe disappear over 30 years or so because I do not see any reason why they should do it now.
Paper money is handy and we still have a bit of privacy because of it.

Yeah paper money will never disappear as there are many users who are comfortable in using it and they are used to it and same trend will be continue in future too.

Bitcoinbro

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Paper money is not going anywhere I think that it will maybe disappear over 30 years or so because I do not see any reason why they should do it now.
Paper money is handy and we still have a bit of privacy because of it.

JeanMcCoy

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Paper money is going to keep existing for a long time is what i think because i do not believe that we are ready for such a big change yet.
We need to take our time because hurrying things will cause allot of trouble and imperfection.

goinmerry

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Quote from: tabas on July 20, 2016, 02:15:33 AM

Quote from: DaddyMonsi on July 20, 2016, 01:45:01 AM

Since there are petitions from environmentalist for companies to adopt a "paperless office", I am not going to be surprised to see if a country will start implementing or demonitizing the paper money. if you go to countries like Indonesia and Vietnam, you will be surprised to know that there's a lot of millionaires there because of the value of their money is low, so if they plan to buy something that is expensive expect them to bring a lot of paper money.

Well for sure it is going to be a paperless society in the future and the use of paper money is going to be out of the league.
And since the environmentalist are petitioning for paper less for sure it is going to be granted.
So we are going to be paperless world in the future.

And when will be that time? When we lay and rotting? Grin

I dont know why, but I still dont see that happening. It is all at the movies but never in this real life. People are still walking or running in the streets. There is also poor people just wandering outside. How can you see something like that with this environment?

Positid

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Quote from: tabas on July 20, 2016, 02:15:33 AM

Quote from: DaddyMonsi on July 20, 2016, 01:45:01 AM

Since there are petitions from environmentalist for companies to adopt a "paperless office", I am not going to be surprised to see if a country will start implementing or demonitizing the paper money. if you go to countries like Indonesia and Vietnam, you will be surprised to know that there's a lot of millionaires there because of the value of their money is low, so if they plan to buy something that is expensive expect them to bring a lot of paper money.

Well for sure it is going to be a paperless society in the future and the use of paper money is going to be out of the league.
And since the environmentalist are petitioning for paper less for sure it is going to be granted.
So we are going to be paperless world in the future.

Yeah! and that would help to fast track the transaction and to easily trace any irregularities as we can check the history of transactions of a certain holders or owners. This would make the world of the AMLC easier for sure.

tabas

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Quote from: DaddyMonsi on July 20, 2016, 01:45:01 AM

Since there are petitions from environmentalist for companies to adopt a "paperless office", I am not going to be surprised to see if a country will start implementing or demonitizing the paper money. if you go to countries like Indonesia and Vietnam, you will be surprised to know that there's a lot of millionaires there because of the value of their money is low, so if they plan to buy something that is expensive expect them to bring a lot of paper money.

Well for sure it is going to be a paperless society in the future and the use of paper money is going to be out of the league.
And since the environmentalist are petitioning for paper less for sure it is going to be granted.
So we are going to be paperless world in the future.

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