The future of the paper money - page 234.

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Quote from: expert4knowledge on May 31, 2016, 01:57:18 PM

Quote from: tampazeus on May 31, 2016, 11:56:51 AM

Quote from: OrangeII on May 31, 2016, 11:54:27 AM

Quote from: mark coins on May 31, 2016, 11:16:59 AM

Quote from: maudevang on May 31, 2016, 11:10:37 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.

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Quote from: tampazeus on May 31, 2016, 11:56:51 AM

Quote from: OrangeII on May 31, 2016, 11:54:27 AM

Quote from: mark coins on May 31, 2016, 11:16:59 AM

Quote from: maudevang on May 31, 2016, 11:10:37 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

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Quote from: OrangeII on May 31, 2016, 11:54:27 AM

Quote from: mark coins on May 31, 2016, 11:16:59 AM

Quote from: maudevang on May 31, 2016, 11:10:37 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.

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Quote from: mark coins on May 31, 2016, 11:16:59 AM

Quote from: maudevang on May 31, 2016, 11:10:37 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

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Quote from: maudevang on May 31, 2016, 11:10:37 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.

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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.

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Quote from: tabas on May 31, 2016, 09:12:15 AM

Quote from: fkvidar on May 31, 2016, 08:38:21 AM

Yeah people who find using paper money easy will surely carry on with it and there are many people who don't know what bitcoin is and they really don't care about it.

And since they don't know what bitcoin is, they tend to use and stick with paper money for sure it will really hard for them if the government
will replace it with bitcoin. And of course, it will be a long time before it happens.

The time it will happen I don't think we would be alive, our grandchildren would be experiencing that scenario, not possible in coming years for sure.

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There will always be a future for the paper money and thats only because of the bitvcoin. The bitcoin will never be such big as the paper money is. So dont think paper would disappear because it wont.

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Quote from: fkvidar on May 31, 2016, 08:38:21 AM

Yeah people who find using paper money easy will surely carry on with it and there are many people who don't know what bitcoin is and they really don't care about it.

And since they don't know what bitcoin is, they tend to use and stick with paper money for sure it will really hard for them if the government
will replace it with bitcoin. And of course, it will be a long time before it happens.

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Quote from: Positid on May 31, 2016, 08:30:49 AM

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governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.

Paper money is going to stay for another couple of years because it is going to be a whole process to make everything digital. I think that it is going to be different per country because not every country can afford it.

Paper money will always survive and it will always be used by majority of people and bitcoin can never take over paper money in future too.

No, paper money will be gone in a decade. When asked, Christine Lagarde said that she doesn't believe cash will exist in 10 years, so do the math. We are going to a society with no physical cash, this is why Bitcoin will be worth thousands of not millions of dollars a coin. I don't understand how many times I have to say this until people realize.

People don't really want to use digital money and goverment will not do smth like this without agreement of others. And after poll i think we will still use paper money.

Yeah people dont really use digital money cause you know, credit cards arent digital right lol.

I dont see the debate here, cause government can be involved if they passed some fincen money transmitter law which can be accepted if they wanted.

well wouldnt that be the same thing to say that bitcoin is not digital because you have to use a telephone to spend it like you have to use a credit card in order to spend your money

in my opinion in the future there will be no paper money left at all because all people will be using cryptocurrencies as they will become more and more popular at a very rapid pace

Doesn't sounds realistic, there will be certain percentage of people who will prefer to use paper money even in the future, its impossible to believe that paper money will simply disappear.

It is not impossible. It is always possible that humanity will totally switch from using paper to digital money. If digital currency will offer ease of access, then it will be more used. Problem is, right now, like in our country, not all places have access to internet. But if the time comes that internet and devices is accessible to everyone, then digital currency will be used more.

It's possible my friend but the chances are very low, how can you implement digital currency to a place without internet, to those uneducated people who only knows the conventional way of transaction and for those people who are hesitant for change, you cannot attract all to go to full digital as they have their own convenience.

Yeah people who find using paper money easy will surely carry on with it and there are many people who don't know what bitcoin is and they really don't care about it.

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Quote from: AlgoSwan on May 31, 2016, 06:06:15 AM

Paper money will be in circulation as long as it is backed/supported by military. As long as countries divided by borders and digital money has no support from military/militia there is zero chance to become a reliable money. Just sayin'.

You are right, paper money will be always on the cycle of economy, but military is not the one who backs it up but the whole government for it.
And also the people who are using it are the one because of it's power and usage. But if the government will give support to bitcoin.
For sure, people will go support it also.

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