The future of the paper money - page 233.

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Quote from: jaysabi on June 02, 2016, 12:38:09 AM

There is a difference between the end of paper money and the end of fiat. Paper money is just physical bills. That can go away and be replaced by electronic fiat. Most of the US money currently exists electronically now anyway.

Yes. Paper money already has begun to become a history. Even in developing countries also people are preferring using debit card/credit card kind of payment systems.

Fiat includes all format of currency usage. It may coexist along with bitcoin payment system as it still has some specific usage for all the peoples even a user prefers to have bitcoins.

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Quote from: Positid on June 02, 2016, 12:43:07 AM

Quote from: chaser15 on June 01, 2016, 11:47:06 AM

Quote from: avw1982 on June 01, 2016, 09:22:44 AM

Quote from: CryptoBjorn on June 01, 2016, 08:42:16 AM

Paper money is going to exist no matter what for at least 20 years I think. It is also going to depend where you are from I do not believe that every country will go over to only digital money at once.
It will first happen in the first world countries that have the money to afford something like that.

In all the way bitcoin is very good opportunity for everybody to make money and to start thinking different way the we are used to do till now. This is something new for many people, and bitcoin needs time and good development in integration, nothing more. There is no need for comparing with dollar and soon bitcoin will lock the fiat's power from the world.

We are given another opportunity to make money thru bitcoin.

Why make that a factor to replace the paper money we have right now.

Isn't it nice if we just deal with all any available financial source to gives us money?

Definitely, it's nice to have a variety of money so people can have a choice whom they use at its very comfort. Bitcoins is revolutionary and no doubt it's going to be the future currency but we also need to take into consideration people who cannot adopt with bitcoins due to lack of education or computer illiterate.

Strongly agree with that. Said that so many times. When you go outside you will still see people who are looking for alms. How about them? How can they use this kind of currency. It is digital so where would they get it. Will the government make funds for someone to teach them how to use it? This is not a movie. This is reality.

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Quote from: chaser15 on June 01, 2016, 11:47:06 AM

Quote from: avw1982 on June 01, 2016, 09:22:44 AM

Quote from: CryptoBjorn on June 01, 2016, 08:42:16 AM

Paper money is going to exist no matter what for at least 20 years I think. It is also going to depend where you are from I do not believe that every country will go over to only digital money at once.
It will first happen in the first world countries that have the money to afford something like that.

In all the way bitcoin is very good opportunity for everybody to make money and to start thinking different way the we are used to do till now. This is something new for many people, and bitcoin needs time and good development in integration, nothing more. There is no need for comparing with dollar and soon bitcoin will lock the fiat's power from the world.

We are given another opportunity to make money thru bitcoin.

Why make that a factor to replace the paper money we have right now.

Isn't it nice if we just deal with all any available financial source to gives us money?

Definitely, it's nice to have a variety of money so people can have a choice whom they use at its very comfort. Bitcoins is revolutionary and no doubt it's going to be the future currency but we also need to take into consideration people who cannot adopt with bitcoins due to lack of education or computer illiterate.

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There is a difference between the end of paper money and the end of fiat. Paper money is just physical bills. That can go away and be replaced by electronic fiat. Most of the US money currently exists electronically now anyway.

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Quote from: avw1982 on June 01, 2016, 09:22:44 AM

Quote from: CryptoBjorn on June 01, 2016, 08:42:16 AM

Paper money is going to exist no matter what for at least 20 years I think. It is also going to depend where you are from I do not believe that every country will go over to only digital money at once.
It will first happen in the first world countries that have the money to afford something like that.

In all the way bitcoin is very good opportunity for everybody to make money and to start thinking different way the we are used to do till now. This is something new for many people, and bitcoin needs time and good development in integration, nothing more. There is no need for comparing with dollar and soon bitcoin will lock the fiat's power from the world.

We are given another opportunity to make money thru bitcoin.

Why make that a factor to replace the paper money we have right now.

Isn't it nice if we just deal with all any available financial source to gives us money?

avw1982

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Quote from: CryptoBjorn on June 01, 2016, 08:42:16 AM

Paper money is going to exist no matter what for at least 20 years I think. It is also going to depend where you are from I do not believe that every country will go over to only digital money at once.
It will first happen in the first world countries that have the money to afford something like that.

In all the way bitcoin is very good opportunity for everybody to make money and to start thinking different way the we are used to do till now. This is something new for many people, and bitcoin needs time and good development in integration, nothing more. There is no need for comparing with dollar and soon bitcoin will lock the fiat's power from the world.

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The future of the paper money is not so good because the fact is that the paper money is going away for the digital part.
I think its just a matter of time before this will change and that we will do all transactions digital.

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Paper money is going to exist no matter what for at least 20 years I think. It is also going to depend where you are from I do not believe that every country will go over to only digital money at once.
It will first happen in the first world countries that have the money to afford something like that.

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Quote from: hermanhs09 on June 01, 2016, 02:42:43 AM

I think it's very possible for bitcoin to replace paper money because in the future nobody is going to use paper currency. Also the fiat system is not going to last long and soon it will collapse.

It'll need a replacement, and bitcoin will be perfect.

You cannot say nobody mate because I am pretty sure there are countries that people are not educated enough on how to use bitcoins, with that alone it's hard for you to convince them to adopt with bitcoins, they are close minded and they prefer to use the paper money as they already get used to it.

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I think it's very possible for bitcoin to replace paper money because in the future nobody is going to use paper currency. Also the fiat system is not going to last long and soon it will collapse.

It'll need a replacement, and bitcoin will be perfect.

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Quote from: mark coins on May 31, 2016, 10:16:59 AM

Quote from: maudevang on May 31, 2016, 10:10:37 AM

There will be a nice future for the paper money and thats because paper money will always be there and will never disappear a time. Bitcoins are nothing without gold so dont think bitcoins take over the world it wont happen thats what i know.

There will be many people who will be using bitcoin in future but we cannot ignore the fact that market cap of paper money is huge and it will keep on growing in future too.

Nobody will know what is going to happen with the paper money later and that is the risky thing but there are still a lot of people that is using paper money as their payment method.
But of course it will be really hard to predict what will happen with the Bitcoin in the future.

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I found an interesting article:

"The most active in the fight against" in cash "in the West - the Swedes. Cash Transactions in Sweden today account for only 3%. Some banks do not work with cash. Pay cash will not work, even for a ticket on the bus ... In Spain, a ban on large purchases with cash. In particular, any transactions of more than € 3,000 must go through a bank. ... In France the limit for cash transactions planned to be reduced from 3,000 euros up to 1000. In Italy, no longer possible to pay in cash an amount exceeding 1,000 euros. ... In all EU countries, it is expected to gradually reduce the amount allowed for cash payment. In the United States the share of non-cash transactions is 80% of financial transactions, but the US market continues to get rid of cash. "" (C)

So the global course are already scheduled: a fiat money came long ago, and now expect the transition to a fully virtual.

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Quote from: Zooplus on May 31, 2016, 11:59:08 PM

Quote from: danherbias07 on May 31, 2016, 11:41:05 PM

Quote from: sishendaoye on May 31, 2016, 11:19:35 PM

Quote from: Altynbekova on May 31, 2016, 07:37:32 PM

The future of the paper money is not so good at all because of the fact its gonna be digital, its just a matter of time.
In about 10 years it will be gone.

You are 100% right about that, its just a matter of time before it will disappear.
I do not think it will be in 10 years but it will be gone soon or later, the bitcoin is the future of all currency's in my eyes.

Wow. That is just really a wow. Are you using your bitcoin in your everyday life? I mean in everything that you do? You dont use fiat anymore? You dont care about the history written in that paper?

Let's be realistic here, the future money will not be gone in the circulation. Even at the end of the world, bitcoins is a different thing and it should not replace paper money. it's complication for those uneducated people to use internet and transact only so they will prefer to use paper money.

Yeah, that's the reality. Paper money will always be paper money and it will not be gone in the circulation. But maybe people can consider of using
bitcoin in the future if they can see the convenience of using it, and they can also earn using it.

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Quote from: danherbias07 on May 31, 2016, 11:41:05 PM

Quote from: sishendaoye on May 31, 2016, 11:19:35 PM

Quote from: Altynbekova on May 31, 2016, 07:37:32 PM

The future of the paper money is not so good at all because of the fact its gonna be digital, its just a matter of time.
In about 10 years it will be gone.

You are 100% right about that, its just a matter of time before it will disappear.
I do not think it will be in 10 years but it will be gone soon or later, the bitcoin is the future of all currency's in my eyes.

Wow. That is just really a wow. Are you using your bitcoin in your everyday life? I mean in everything that you do? You dont use fiat anymore? You dont care about the history written in that paper?

Let's be realistic here, the future money will not be gone in the circulation. Even at the end of the world, bitcoins is a different thing and it should not replace paper money. it's complication for those uneducated people to use internet and transact only so they will prefer to use paper money.

danherbias07

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Quote from: sishendaoye on May 31, 2016, 11:19:35 PM

Quote from: Altynbekova on May 31, 2016, 07:37:32 PM

The future of the paper money is not so good at all because of the fact its gonna be digital, its just a matter of time.
In about 10 years it will be gone.

You are 100% right about that, its just a matter of time before it will disappear.
I do not think it will be in 10 years but it will be gone soon or later, the bitcoin is the future of all currency's in my eyes.

Wow. That is just really a wow. Are you using your bitcoin in your everyday life? I mean in everything that you do? You dont use fiat anymore? You dont care about the history written in that paper?

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Quote from: Altynbekova on May 31, 2016, 07:37:32 PM

The future of the paper money is not so good at all because of the fact its gonna be digital, its just a matter of time.
In about 10 years it will be gone.

You are 100% right about that, its just a matter of time before it will disappear.
I do not think it will be in 10 years but it will be gone soon or later, the bitcoin is the future of all currency's in my eyes.

Kollor

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Quote from: Altynbekova on May 31, 2016, 07:37:32 PM

The future of the paper money is not so good at all because of the fact its gonna be digital, its just a matter of time.
In about 10 years it will be gone.

I doubt it that in 10 years paper money will be gone. I haven't seen any sign yet that the world would stop the use of paper money. A lot of of improvements have been made to paper money nowadays to easily distinguished counterfeit from the real, so probably, state is protecting their paper moneys. Look at those metal coins, they have been there since the dawn of centuries, but look, they are still there.

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The future of the paper money is not so good at all because of the fact its gonna be digital, its just a matter of time.
In about 10 years it will be gone.

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Quote from: expert4knowledge on May 31, 2016, 01:18:43 PM

Quote from: co5hike on May 31, 2016, 01:14:21 PM

Quote from: expert4knowledge on May 31, 2016, 12:57:18 PM

Quote from: tampazeus on May 31, 2016, 10:56:51 AM

Quote from: OrangeII on May 31, 2016, 10:54:27 AM

Quote from: mark coins on May 31, 2016, 10:16:59 AM

Quote from: maudevang on May 31, 2016, 10:10:37 AM

There will be a nice future for the paper money and thats because paper money will always be there and will never disappear a time. Bitcoins are nothing without gold so dont think bitcoins take over the world it wont happen thats what i know.

There will be many people who will be using bitcoin in future but we cannot ignore the fact that market cap of paper money is huge and it will keep on growing in future too.

true, but although bitcoin will become the currency of the world, probably bitcoin will be made in the form of paper, and it will be paper money. we also can not to abandon the fact that paper money is a tool that is simple transaction

Bitcoin will never hold its physical image in future as that seems to be impossible, and it will always be used as an secondary currency and not primary one.

Yeah you cannot transact high in your bank account or else you need to show them proof of your earnings and also need to pay taxes on it.
It will remain second currency, I agree but there are possibilities that bitcoin changes its forms with some tools that connect to internet, maybe something like physical gift cards

That is quiet possible in future, but we cannot ignore the fact is paper money will be always the first choice of people as they are using it since long time.

Yes, but paper money has its own problems and specially when it comes to big amounts of money.

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Quote from: co5hike on May 31, 2016, 01:14:21 PM

Quote from: expert4knowledge on May 31, 2016, 12:57:18 PM

Quote from: tampazeus on May 31, 2016, 10:56:51 AM

Quote from: OrangeII on May 31, 2016, 10:54:27 AM

Quote from: mark coins on May 31, 2016, 10:16:59 AM

Quote from: maudevang on May 31, 2016, 10:10:37 AM

There will be a nice future for the paper money and thats because paper money will always be there and will never disappear a time. Bitcoins are nothing without gold so dont think bitcoins take over the world it wont happen thats what i know.

There will be many people who will be using bitcoin in future but we cannot ignore the fact that market cap of paper money is huge and it will keep on growing in future too.

true, but although bitcoin will become the currency of the world, probably bitcoin will be made in the form of paper, and it will be paper money. we also can not to abandon the fact that paper money is a tool that is simple transaction

Bitcoin will never hold its physical image in future as that seems to be impossible, and it will always be used as an secondary currency and not primary one.

It will remain second currency, I agree but there are possibilities that bitcoin changes its forms with some tools that connect to internet, maybe something like physical gift cards

That is quiet possible in future, but we cannot ignore the fact is paper money will be always the first choice of people as they are using it since long time.

Yes, but paper money has its own problems and specially when it comes to big amounts of money.

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