Topic: The future of the paper money - page 217. (Read 416566 times)

I meant to say that some cards of some banks allow to withdraw cash without fees from any terminal (ATM). Any means here that it may not belong to the card-issuing bank...

Did you mean something else?

Take note of my statement about fees applied, "when they are being swiped not in their respective terminals". Im talking with the fiat here.

Banks here has fees if you withdraw your ATM card from one bank to another. That's why there are lots of ATM machine here so that people will use only their ATM cards to their respective terminals.

Same goes for the credit cards. Is bank there not like that? If yes can you tell me where country you from and I will verify it to see the meaning of your "not all cards, as well as bank" statement.

Not all cards (as well as banks, for that matter) are born equal. Some are more equal than others and don't debit fees even if slid in an "alien" ATM

Are you sure of this? Credit cards are just in another form but still it's a fiat. To pay for cards you need a fiat, a physical one. How can you funded your cards if you don't have paper money on hand? Auto transfer to salary is possible but how about those people who doesn't work but has lots of assets?

And besides, credit/debit cards have some fees when they are being swiped not in their respective terminals. Who wants to use this regularly if people are mostly avoiding fees?

Why do they even ban the paper money? There's no reason for government to ban their own money that they most get benefit from it. If ever it will give them a bad reputation, they can just easily twist the story. That's how powerful they are.

Paper money is going to keep existing because do you know how many countries or not ready for only digital money, paper money is just allot handier then everything being digital.
This is also going to give out the information of what we as people buy and I do not like that either.

I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.

 Banning is possible to first world countries but saying the word entirely would be possible.  Fiat currency will still be alive and controlled by the government and it will still exist to third world countries. This is not possible to happen to third world countries with very slow internet connect ion.

What will the future bring for us and the paper money off course there are so many people using the bitcoin right now but i dont know what they will use
inthe future i think they would use paper money instead of bitcoins for sure.

Paper money will always exist as bitcoin is not yet that powerful that it can replace strong currency like paper money as it holds more trust and more users in compare to bitcoin.

We are not ready,nobody is ready maybe except some people who know bitcoin very very well.
If BTC can become a future of paper money,it will happen in i dont know 30 years? i dont really believe people will want to get rid of paper money,it is an old idea,old idea's usually hold strong in people's mind.

are people ready for this transition though im not too sure.... Most people still dont know about bitcoin

i doubt that paper money will always stay around, in my opinion the price of the bitcoin is going to grow and i think that people will switch from paper money to bitcoins

Paper money is going to dissapear eventually (i'd say within the next 15 years). Everybody is using their credit/debit cards, you can get memberships to buy whatever you want with another card. I think is a matter of time until bitcoin becomes a currency that you can use freely with a card

You should ask him next time what he means by "working properly"
Easy to prove if your shoving Keynesian nonsense down people's throats, "working properly" could define the conversation, and if your friend thinks Keynesian theory, or the way governments currently run is "working properly" and well, then that would be the place to start the conversation, otherwise it'll be difficult getting anywhere with the other stuff.
Our systems of governance are pretty poor and  and our politics hasn't advanced much from monkey/ape/primates in the wild tbh. The best crafters of political systems in history in my opinion were not overconfident and designed with human beings limitations and failings in mind.

As for digital vs physical - good money is fungible that is easilly divisible and transferable.
With the blockchain structure allowing for digital scarcity that is enforceable, digital takes the cake over physical.
I do sometimes worry though that some tight a55 proficient at being innept government will use try to use digital currencies to be more controlling, intrusive and hungry to monitor and pry into people's lives.
The people running this world are, by and large, a bunch of oxymoronic selfish idiots, massive and intrusive gov surveillance causes more fear and induces more anxiety than idiots who blow themselves up around others and do other insane and very difficult to stop acts. I'd rather live in a world with less control, monitoring, fear mongering, and inept foreign intervention/meddling/wars and a higher risk that some crazy might try to kill me for no good reason, because honestly it just seems like a very very low probability in comparison, and if someone is determined to do that, they probably can, not that they won't be taken in soon after and get away with it, fortunately they won't, additionally a tiny tsa and smaller focus and spending on antiterrorist stuff and our bloated and silly militaries would free up a lot of the budget to actually get on with the business of living well.

You can earn money with it if you are going to sell it and that will be very good. But you have to wait longer.
Because we all think that it will be more worth and that can be really nice.

If only bitcoin is physically seen. You pay it or give it to a poor man and he might throw it back to you. Try giving a paper money. A dollar or more, and surely you will put a smile on that person.

you are right. paper money may still survive, and will always be used, because it is based on how it is used alone, paper money is still easier to use than the coins. but I am not sure that bitcoin someday be in shape in the form of coins, but probably bitcoin will be created in the form of a card, because credit cards can be used as an alternative payment. bitcoin might also like it

Although we are going digital but it cannot disrupt the market of paper money, the government supported paper money and they created it so they will not allow bitcoins to replace it.

i think paper money will stay always and paper money are using in large number in everywhere and i also like paper money than coins .