Paper money has no future at all. That's why it's paper. It's not liquid. It's not even rock solid. It's just a little piece of paper flopping around in the air. It's worth nothing intrinsically.
Bitcoin on the other hand is decentralized, undisturbed by the government.
Topic: The future of the paper money - page 230. (Read 416566 times)
The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.
I am sure! bitcoin can replace fiat on the future as we can see there are more advantage on bitcoin compare fiat. My family people usuallly send money with my fiat but once he being introduced with bitcoin, he switch into bitcoin as transfer transaction as it provide lowest fee and faster confirmation. So bitcoin capture fiat place and Bitcoin will become the great currency around the world.
Bitcoin will be the best digital currency and best payment in future for sure, but it will never make paper money disappear, as people who hates internet and online stuff will continue to use paper money.
Nope Bro check the price and adoption rate for the past 4 months, I was big when compare with from beginning, So soon huge number of people gonna use bitcoin for their business transactions and till third world countries bitcoin will reach and make the benchmark revolution soon...
The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.
I am sure! bitcoin can replace fiat on the future as we can see there are more advantage on bitcoin compare fiat. My family people usuallly send money with my fiat but once he being introduced with bitcoin, he switch into bitcoin as transfer transaction as it provide lowest fee and faster confirmation. So bitcoin capture fiat place and Bitcoin will become the great currency around the world.
Bitcoin will be the best digital currency and best payment in future for sure, but it will never make paper money disappear, as people who hates internet and online stuff will continue to use paper money.
The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.
I am sure! bitcoin can replace fiat on the future as we can see there are more advantage on bitcoin compare fiat. My family people usuallly send money with my fiat but once he being introduced with bitcoin, he switch into bitcoin as transfer transaction as it provide lowest fee and faster confirmation. So bitcoin capture fiat place and Bitcoin will become the great currency around the world.
The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.
Paper money is going to disappear in the future and I believe that everything will become digital. The real question is when it is going to happen I think that we are still going to have paper money around for at least another 25 years.
I guess that will not happen, as long as the paper still in production, I think paper money will continue to be used. and I think paper money is a tool that is simple transaction, and I also think that bitcoin support the development of paper moneyBut you can indeed now see also that Bitcoin is becoming more popular and used so that is perfect for the currency.
The future of the paper money would be many times better than the future for the bitcoin becasue papaer money has always a value and i dont think bitcoin can hold this.
you are right. paper money is still likely to be something better than the bitcoin in the future. other than that people are getting used to paper money, maybe if bitcoin replace paper money, I think many people will mind
The future of the paper money would be many times better than the future for the bitcoin becasue papaer money has always a value and i dont think bitcoin can hold this.
Unfortunately paper money will probably disappear completely at some point. Digital money has a lot going for it but it also has quite a few drawbacks. I think that there is always something that is irrecoverably lost with the death of a generation. Knowledge is gained at the expense of something somewhat more fundamental.
At some point it will disappear but I don't think anyone of us will live to see that. Right now paper money is too valuable in many business. There is also the third world where they depend on fiat, coins and paper money a lot.
General situation in the world with cash tends to forced transition to electronic banking payments.
In addition to the details of the form "people are much easier to part with the non-cash money" (triggered psychological effect: Cash seen their "pity to waste"), in terms of the bankers, the use of the cash - this is a direct loss: they are not "scroll" in the bank, it is impossible to remove "legitimate interest" for the transfer, etc. etc.
So the global course are already scheduled: a fiat money came long ago, and now expect the transition to a fully virtual.
In addition to the details of the form "people are much easier to part with the non-cash money" (triggered psychological effect: Cash seen their "pity to waste"), in terms of the bankers, the use of the cash - this is a direct loss: they are not "scroll" in the bank, it is impossible to remove "legitimate interest" for the transfer, etc. etc.
So the global course are already scheduled: a fiat money came long ago, and now expect the transition to a fully virtual.
I wish I could tip you. Thats an awesome post. This forum really needs btc tipping options. Crazy that it's not there.
General situation in the world with cash tends to forced transition to electronic banking payments.
In addition to the details of the form "people are much easier to part with the non-cash money" (triggered psychological effect: Cash seen their "pity to waste"), in terms of the bankers, the use of the cash - this is a direct loss: they are not "scroll" in the bank, it is impossible to remove "legitimate interest" for the transfer, etc. etc.
So the global course are already scheduled: a fiat money came long ago, and now expect the transition to a fully virtual.
In addition to the details of the form "people are much easier to part with the non-cash money" (triggered psychological effect: Cash seen their "pity to waste"), in terms of the bankers, the use of the cash - this is a direct loss: they are not "scroll" in the bank, it is impossible to remove "legitimate interest" for the transfer, etc. etc.
So the global course are already scheduled: a fiat money came long ago, and now expect the transition to a fully virtual.
I agree with you paper money should be replaced for the digital money ,the countries that hasnt the technology will maybe get,if not they will be able to buy and sell for the paper money till they get ready to improve .
I think it tends to not t b used but it takes many years that things like credit cards be replaced with paper money or coins.I don't believe bitcoin would replace paper money. It would surely be used till the end of the world. The reason is people unaware about such technology will be found till the end.
it wont, thats what everyone is saying, paper money will always have a place with us. But its power is going to weaken against the cryptos.
That is hard to achieve man because not all countries have the same standings in the world, that simply mean that other countries have their citizens less educated so they cannot adopt using computer for online transaction. They will still use paper money and it needs long years to complete transition if the government will enforce.
There are many smart phone applications using the fiat to pay for the service. It is easy to integrate the bitcoin.
The number of people out there who don't have access to phones, forget smartphones, is huge.
In the developing world, the focus is on delivering basic necessities like food, water, shelter, sanitation to the masses.
I have no doubt that the paper money always will exist, because there are several population groups that don't have access to more advanced alternatives to carry out their financial or commercial exchanges. But of course, this number will gradually decrease and perhaps in a distant future the paper money will disappear.
Well paper money will just exist , if all the countries will going to have an agreement for having a cashless society and they are going to use bitcoin for it. Before doing that they will need to create a law for establishing fiat paper money will don't have a value anymore.
There are many smart phone applications using the fiat to pay for the service. It is easy to integrate the bitcoin.
Okay that is true. So what do they need? Maybe a good advertisement to see it can be done true their smartphones. And someone that could explain it to them.
I have no doubt that the paper money always will exist, because there are several population groups that don't have access to more advanced alternatives to carry out their financial or commercial exchanges. But of course, this number will gradually decrease and perhaps in a distant future the paper money will disappear.
Well paper money will just exist , if all the countries will going to have an agreement for having a cashless society and they are going to use bitcoin for it. Before doing that they will need to create a law for establishing fiat paper money will don't have a value anymore.
There are many smart phone applications using the fiat to pay for the service. It is easy to integrate the bitcoin.
I have no doubt that the paper money always will exist, because there are several population groups that don't have access to more advanced alternatives to carry out their financial or commercial exchanges. But of course, this number will gradually decrease and perhaps in a distant future the paper money will disappear.
Well paper money will just exist , if all the countries will going to have an agreement for having a cashless society and they are going to use bitcoin for it. Before doing that they will need to create a law for establishing fiat paper money will don't have a value anymore.
I have no doubt that the paper money always will exist, because there are several population groups that don't have access to more advanced alternatives to carry out their financial or commercial exchanges. But of course, this number will gradually decrease and perhaps in a distant future the paper money will disappear.
Well paper money will just exist , if all the countries will going to have an agreement for having a cashless society and they are going to use bitcoin for it. Before doing that they will need to create a law for establishing fiat paper money will don't have a value anymore.
I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in their infant stages and therefore cannot make paper money to dissappear so quickly. The use of paper money is so important in that even those people currently adopting digital currency have a few nots in their wallets.
I respect your opinion but I think paper money will not disappear in the circulation, it could be worthless as only few people would use it due to the advance technology but some countries with late adoption of the internet and online currency will prefer to use paper money for their daily spendings. 
I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in their infant stages and therefore cannot make paper money to dissappear so quickly. The use of paper money is so important in that even those people currently adopting digital currency have a few nots in their wallets.
I think people still use paper money even the digital money like bitcoin or paypal are popular when that day comes. Not every people accepted digital money though.
Digital money is all around us, not just in crypto and online payment processors like paypal,alertpay,skrill and alike. Most people use credit and debit cards to
make their payments, simply because its much more convenient. The fact is that paper money will soon be a thing of the past, and so it should, i dont see a point in having it anyways.
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