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Topic: The future of the paper money - page 231. (Read 416598 times)

full member
Activity: 126
Merit: 100
June 09, 2016, 07:48:21 PM
Well I think paper money is still kicking as of now. In the near future though it is possible that it can be replaced by bitcoin but it will still have value. It is also possible that paper money still rule above bitcoin in the future because it is backed by the bank and the government, and it being replaced by bitcoin narrows down to 20% chance.
hero member
Activity: 966
Merit: 507
June 09, 2016, 07:45:37 PM
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.
sr. member
Activity: 406
Merit: 250
June 09, 2016, 07:20:43 PM
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.
xht
sr. member
Activity: 462
Merit: 250
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June 09, 2016, 06:38:57 PM
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 money
Of course not since you still live on earth and not on the planet mars, most of people around the world will still use paper money as currency no matter how sophisticated the technology in the future.
full member
Activity: 181
Merit: 101
June 09, 2016, 01:23:51 PM
This thread should be called the demise of paper money.
hero member
Activity: 2170
Merit: 503
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June 09, 2016, 12:09:16 PM
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 money
tyz
legendary
Activity: 3360
Merit: 1533
June 09, 2016, 11:40:47 AM
Are you really sure about the Swedish people? Do you have any proof of your statement or a link to the source? Because I have recently read an article that stated that the paper money will be gone in Sweden because more and more people are tired of paying with paper money.

The future of the paper money is not so good this year but its logical if you ask me because of the fact that everything is going to the digital side.
sr. member
Activity: 406
Merit: 250
June 09, 2016, 09:44:44 AM
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.
legendary
Activity: 1106
Merit: 1000
June 06, 2016, 10:59:44 PM
Paper money will have not that bad future and that is because there are still a lot of people that is using paper money for their payment method and that is nice.
You think that it will disappear soon because Bitcoin is getting more popular but that is not true.
It's true, it is too early to tell that bitcoins will really dominate in the future. Paper money will still remain in terms value in the future, it can be use by any person with ease so they would prefer to use it. Only of the middle to upper class are capable of using bitcoins but the poor level will stick to using paper money.
sr. member
Activity: 298
Merit: 250
June 06, 2016, 10:34:24 AM
Paper money will have not that bad future and that is because there are still a lot of people that is using paper money for their payment method and that is nice.
You think that it will disappear soon because Bitcoin is getting more popular but that is not true.
legendary
Activity: 3318
Merit: 1133
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June 06, 2016, 03:21:31 AM
I think the paper money will still used even the digital money coming, because paper money already here before we born and in some old village, they more easier to use paper money.

Totally agree. Those villages that cannot be reached by technology are the hardest part to be included in this good new currency. But that doesnt say that bitcoin will not have a purpose to them that lives there. Example is one relative that wants to send money through the banks that are available in that rural villages. Faster and easier.
legendary
Activity: 2688
Merit: 1065
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June 06, 2016, 01:22:32 AM
I think the paper money will still used even the digital money coming, because paper money already here before we born and in some old village, they more easier to use paper money.

Exactly. Some rural areas doesn't have an access to the web even they want to. Typographical locations affect too.

If that is the case, then bitcoin is useless even you owned really great numbers of it.
sr. member
Activity: 420
Merit: 250
June 05, 2016, 12:41:45 AM
I think the paper money will still used even the digital money coming, because paper money already here before we born and in some old village, they more easier to use paper money.
legendary
Activity: 1106
Merit: 1000
June 04, 2016, 09:57:15 PM
Paper money will exist and will always be. The reasons maybe: First, The government won't allow something to replace it, especially digital money since they can't control it unless they make one but i doubt people will support any digital money that government will make. Second, Most people will always prefer paper money.
Indeed, because government are corrupt, they want to use the conventional ways to use paper money as it is not hard to trace especially on cash to cash transaction where audit trail cannot be possible, in that way they can hide their shady transactions.
full member
Activity: 224
Merit: 100
June 04, 2016, 08:37:02 PM
Paper money will exist and will always be. The reasons maybe: First, The government won't allow something to replace it, especially digital money since they can't control it unless they make one but i doubt people will support any digital money that government will make. Second, Most people will always prefer paper money.
hero member
Activity: 854
Merit: 500
June 04, 2016, 08:08:56 AM
Paper money is really important, digital money is unstable and if something goes wrong people can lose it in one moment, at my opinion people should keep using it.
hero member
Activity: 3024
Merit: 745
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June 04, 2016, 03:16:50 AM
I think that paper money have future, cause many people is intereted on using of paper money and goverment will support it. Digital money is so hard to integrate.

Paper money will always be needed in a government and society the future of it is always there just like bitcoin. But people will mostly rely to
paper money rather than bitcoin, it's up to the government if they will priority using paper money.
legendary
Activity: 1246
Merit: 1000
June 04, 2016, 02:43:32 AM
I think that paper money have future, cause many people is intereted on using of paper money and goverment will support it. Digital money is so hard to integrate.

Technically, most money is in the form of plastic bills these days. Plastic is more durable.
Even Britain is looking to shift to plastic money.
https://www.inverse.com/article/16456-britain-will-start-using-plastic-money-in-september
sr. member
Activity: 378
Merit: 250
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June 03, 2016, 08:53:01 PM
I think that paper money have future, cause many people is intereted on using of paper money and goverment will support it. Digital money is so hard to integrate.
Paper money has already been use even before bitcoins or other digital currency, with that fact, people are already get used in using paper money as it is very simple which anybody can easy understand, lots of people are still not into computer world or computer savvy so they would prefer paper money. Digital money and paper money are both good.
sr. member
Activity: 434
Merit: 251
June 03, 2016, 01:47:09 PM
I think that paper money have future, cause many people is intereted on using of paper money and goverment will support it. Digital money is so hard to integrate.
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