Topic: The future of the paper money - page 214. (Read 416598 times)

Quote from: cambda on July 13, 2016, 06:54:57 PM

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??

Very rightly said, and the major point is how can we expect illiterate and poor people to start using bitcoin, they will only use that is easy and comfortable for them, and the answer is paper money.

And that's another one. We all know that internet can't hug all the places in the globe so it will have the same scenario when using bitcoin. There are lots of places that still don't have a quiet good development and still have that poor status even we count for many years.

Yeah and there will be many people who will prefer to stay away from internet and online thing, as many of them have mentality that everything on internet is a scam.

Yeah the truth that there are still rural places which havent been reached by technology. Every country have one of this places. It is like a province. Before reaching an ATM machine or some low class mall you need to travel many kilometers. So it is always a hard time for them. Still paper money is used for transaction for small shops.

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Quote from: chaser15 on July 13, 2016, 02:21:45 PM

Quote from: PokerFace3 on July 13, 2016, 09:08:10 PM

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??

Very rightly said, and the major point is how can we expect illiterate and poor people to start using bitcoin, they will only use that is easy and comfortable for them, and the answer is paper money.

And that's another one. We all know that internet can't hug all the places in the globe so it will have the same scenario when using bitcoin. There are lots of places that still don't have a quiet good development and still have that poor status even we count for many years.

Yeah and there will be many people who will prefer to stay away from internet and online thing, as many of them have mentality that everything on internet is a scam.

And because these are the reality, paper money will still be used even for many centuries to come.

So let just allow paper money works since it can touch all sides of the world while at the same time we here in bitcoin community also have another option, which is using bitcoin.

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Quote from: hermanhs09 on July 12, 2016, 05:33:59 PM

Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Quote from: PokerFace3 on July 13, 2016, 09:08:10 PM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.

Yes it will be tough. But btc will surely minimize the use of paper money. Coz it has many benefits over paper money. The govt won't let it happen and that's why it won't full replace paper money

The future of paper money is always the same, maybe the designs are going to change but the use of it is going to be there. And even the bitcoin is going to the trend. It is not going to change the use of paper money. Because paper money is being controlled by the government unlike bitcoin government is not going to control it.

a7mos

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Many countries around the world tend to encourage their people to use credit and debt cards in their spending because it can cut the spending of printing money. And I think it is just a matter of time before they stop using it at all specially in the developed countries

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Quote from: hermanhs09 on July 12, 2016, 05:33:59 PM

Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Quote from: hermanhs09 on July 12, 2016, 05:33:59 PM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.

Yes it will be tough. But btc will surely minimize the use of paper money. Coz it has many benefits over paper money. The govt won't let it happen and that's why it won't full replace paper money

In the future the number of users who will be using internet will grow and since bitcoin is an internet money, they could easily adopt with bitcoins to use it in their daily transactions online.

PokerFace3

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Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Quote from: chaser15 on July 13, 2016, 02:21:45 PM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.

Yes it will be tough. But btc will surely minimize the use of paper money. Coz it has many benefits over paper money. The govt won't let it happen and that's why it won't full replace paper money

cambda

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Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??

Very rightly said, and the major point is how can we expect illiterate and poor people to start using bitcoin, they will only use that is easy and comfortable for them, and the answer is paper money.

And that's another one. We all know that internet can't hug all the places in the globe so it will have the same scenario when using bitcoin. There are lots of places that still don't have a quiet good development and still have that poor status even we count for many years.

Yeah and there will be many people who will prefer to stay away from internet and online thing, as many of them have mentality that everything on internet is a scam.

chaser15

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Quote from: torrentheaven on July 13, 2016, 01:22:12 PM

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??

Very rightly said, and the major point is how can we expect illiterate and poor people to start using bitcoin, they will only use that is easy and comfortable for them, and the answer is paper money.

And that's another one. We all know that internet can't hug all the places in the globe so it will have the same scenario when using bitcoin. There are lots of places that still don't have a quiet good development and still have that poor status even we count for many years.

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Quote from: Bestwishes745 on July 13, 2016, 12:07:19 PM

Quote from: hermanhs09 on July 10, 2016, 03:14:45 PM

Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Quote from: Bestwishes745 on July 13, 2016, 12:07:19 PM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

yeah it is possible that we will get some digital currency or e-money,but believe me,it wont be a bitcoin.
Humanity is not ready yet for such a change,and bitcoin is too young for it.We will have something else.

I think that will be bitcoin, as bitcoin is going to become more famous in the online world and going to be the master of all digital currencies. and if the governments would like to adopt any virtual currency then they will adopt bitcoin as bitcoin is ready-made currency for them and is more advanced.

That will never happen that government will adopt bitcoin as a primary currency replacing their own currency on which they have total control.

If the bitcoin can cut the cost of banking, banks will adopt the bitcoin and force governments to do that.

torrentheaven

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Quote from: hermanhs09 on July 10, 2016, 03:14:45 PM

Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Quote from: hermanhs09 on July 10, 2016, 03:14:45 PM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

yeah it is possible that we will get some digital currency or e-money,but believe me,it wont be a bitcoin.
Humanity is not ready yet for such a change,and bitcoin is too young for it.We will have something else.

I think that will be bitcoin, as bitcoin is going to become more famous in the online world and going to be the master of all digital currencies. and if the governments would like to adopt any virtual currency then they will adopt bitcoin as bitcoin is ready-made currency for them and is more advanced.

That will never happen that government will adopt bitcoin as a primary currency replacing their own currency on which they have total control.

Bestwishes745

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Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

yeah it is possible that we will get some digital currency or e-money,but believe me,it wont be a bitcoin.
Humanity is not ready yet for such a change,and bitcoin is too young for it.We will have something else.

I think that will be bitcoin, as bitcoin is going to become more famous in the online world and going to be the master of all digital currencies. and if the governments would like to adopt any virtual currency then they will adopt bitcoin as bitcoin is ready-made currency for them and is more advanced.

fkvidar

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Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??

Very rightly said, and the major point is how can we expect illiterate and poor people to start using bitcoin, they will only use that is easy and comfortable for them, and the answer is paper money.

chaser15

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Quote from: CryptoBjorn on July 13, 2016, 08:12:36 AM

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??

stromma44

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Quote from: romero121 on July 13, 2016, 01:24:24 AM

Quote from: tabas on July 12, 2016, 11:07:00 PM

Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Quote from: romero121 on July 13, 2016, 01:24:24 AM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

E-money is really going to be controlled and manipulated by the government. But about bitcoin if it is going to be implemented to a country they are going hard time to control it.
Because of its decentralization they are going to hard to control it.

Agreed, bitcoin due to its decentralized nature never gets the control from government, at the same several government had planned of making their own digital currency. In this way governments try to reduce the circulation of bitcoin and increasing their own country's digital currency.

Paper money is going to keep existing because in my opinion it is needed, if everything becomes digital then the government has to much control.
I also think that most countries and their governments are not even ready for a big change like that.

Yeah and Governments will never allow any digital currency to replace their national currency and if it happens then Government will loose all the control that they hold on currency.

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Quote from: tabas on July 12, 2016, 11:07:00 PM

Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Quote from: Zooplus on July 13, 2016, 07:38:29 AM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

E-money is really going to be controlled and manipulated by the government. But about bitcoin if it is going to be implemented to a country they are going hard time to control it.
Because of its decentralization they are going to hard to control it.

Agreed, bitcoin due to its decentralized nature never gets the control from government, at the same several government had planned of making their own digital currency. In this way governments try to reduce the circulation of bitcoin and increasing their own country's digital currency.

Paper money is going to keep existing because in my opinion it is needed, if everything becomes digital then the government has to much control.
I also think that most countries and their governments are not even ready for a big change like that.

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Quote from: hermanhs09 on July 12, 2016, 05:33:59 PM

Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

And we only feel the freedom we have been longing for with bitcoins, as it is decentralized we don't need to comply with the government requirements to help them spy on our accounts.

That's RIGHT! Bitcoin is the only type of currency that gives you full access what to do with your coins without being questioned by any authority. That's why I like to see bitcoin being widely used and adopted in digital means like Paypal.

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Quote from: hermanhs09 on July 12, 2016, 05:33:59 PM

Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Quote from: hermanhs09 on July 12, 2016, 05:33:59 PM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

And we only feel the freedom we have been longing for with bitcoins, as it is decentralized we don't need to comply with the government requirements to help them spy on our accounts.

Jmild1

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Quote from: freedomgo on July 10, 2016, 07:39:23 AM

Quote from: romero121 on July 13, 2016, 01:24:24 AM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

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Quote from: tabas on July 12, 2016, 11:07:00 PM

Quote from: freedomgo on July 10, 2016, 07:39:23 AM