Topic: The future of the paper money - page 237. (Read 416598 times)
I think that paper money will eventually disappear but not in the nearest future. It doesn't mean that another form of solid currency will not exist. It will, but in some other form than paper I think. The non-cash currencies will be in the major someday.
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
The future of the paper money will never change there will always be paper money maybe more in banks. But there will always be papers so dont think they are going to disappear. Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
I think that real paper money will never be beaten by the bitcoin and thats only because of the many users normal paper money has. There will always be people who like to pay with cash instead of online payments Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.
Hmm when you say developed I see Singapore. But I dont know man. Paper money got a lot of history in it. It will be hard for the government to change it specially for the people also.
Even if it is fully developed country and is digitalized, still there will be many people who will prefer to use paper money, and you also need to pay maids, servants in paper money, bitcoin won't be helpful there.
Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.
Hmm when you say developed I see Singapore. But I dont know man. Paper money got a lot of history in it. It will be hard for the government to change it specially for the people also.
I could see in the future that only criminals, tax evaders and money launderers use paper money. There's really no need for it 99.9% of the time unless you're doing it for my reasons listed above.
Anybody who doesn't have immediate access to the traditional banking system would still use paper money.
Kids selling lemonade, homeless, etc
You have to consider that Bitcoin - by now - is (still) outside the traditional banking system. So it's basically accessible for everyone, including those that would never get a bank account.
I think it's possible that the state withdraws from physical cash all together. It will be framed as a measure to combat crime but in fact it will be done in a move to prolong the terminally ill fiat scheme and financially enslave the population to make people more controllable.
Hopefully, the people behind Bitcoin will be strong enough to defend the network against attempts to turn it into a state-controlled nightmare. Digital money has a great future and can change the lives of many people for the better. However the precondition is that it remains private and free.
ya.ya.yo!
I could see in the future that only criminals, tax evaders and money launderers use paper money. There's really no need for it 99.9% of the time unless you're doing it for my reasons listed above.
Anybody who doesn't have immediate access to the traditional banking system would still use paper money.
Kids selling lemonade, homeless, etc
And of course you see that Bitcoin is becoming more popular and more used so that is really nice for the Bitcoin but it have only now to rise slowly so we can sell it in the future.
Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.
The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
So how or what is your view in those third world countries? Are they ready to use the fully digital transaction? And do you think that is easy to do even we count for a decades?
Please make some research that not all countries can hug and support all digital means of transaction.
third world countries will always have paper money as their preference as they don't have internet access all the time. that will most likely never change unless the government or wealthy companies there decide to roll out proper internet in well crowded places.
I don't think paper money is going anywhere, and paper money and bitcoin are two different forms of currencies one is best to spend physically and the other is best to spend digitally.
The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
I think you've gone too far once thought comrades. even the digital world it is bound to use the hardware to transact, ie with money. you can not pay toilet digitally friend The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
So how or what is your view in those third world countries? Are they ready to use the fully digital transaction? And do you think that is easy to do even we count for a decades?
Please make some research that not all countries can hug and support all digital means of transaction.
The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
So how or what is your view in those third world countries? Are they ready to use the fully digital transaction? And do you think that is easy to do even we count for a decades?
Please make some research that not all countries can hug and support all digital means of transaction.
The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
I see a very bright future of the paper money without any downside.
It is true that bitcoin has emerged in to a very important online currency nowadays. But paper money can't be beaten this way.
Probably the 1% of world population knows about bitcoin and 100% uses paper money. So in future probably bitcoin penetration will increase, but can't defeat paper money,
It is true that bitcoin has emerged in to a very important online currency nowadays. But paper money can't be beaten this way.
Probably the 1% of world population knows about bitcoin and 100% uses paper money. So in future probably bitcoin penetration will increase, but can't defeat paper money,
Of course it will be really hard to predict what is going to happen with the paper money and that is the problem but it is also hard to know what will happen with the Bitcoin.
And of course you see that the Bitcoin is becoming more popular but it is not that used that much so that have to change also.
And of course you see that the Bitcoin is becoming more popular but it is not that used that much so that have to change also.
May be bitcoin will disappear in future but paper money will never, paper money is traditional and its existence is from ages, I don't think paper money will ever disappear.
No bitcoin will not be dissappear as long it has users. On the other hand, it's no reason to believe that paper money will dissappear just because of bitcoin. Bitcoin can't touch those physical transaction so in this paper money will still prevail. It's just that we really have benefits when using bitcoin at the same time.
Of course it will be really hard to predict what is going to happen with the paper money and that is the problem but it is also hard to know what will happen with the Bitcoin.
And of course you see that the Bitcoin is becoming more popular but it is not that used that much so that have to change also.
And of course you see that the Bitcoin is becoming more popular but it is not that used that much so that have to change also.
May be bitcoin will disappear in future but paper money will never, paper money is traditional and its existence is from ages, I don't think paper money will ever disappear.
Of course it will be really hard to predict what is going to happen with the paper money and that is the problem but it is also hard to know what will happen with the Bitcoin.
And of course you see that the Bitcoin is becoming more popular but it is not that used that much so that have to change also.
And of course you see that the Bitcoin is becoming more popular but it is not that used that much so that have to change also.
Paper money will exist till people using them, goverment will not bad it i think, maybe in 20 years they will start doing something but nowdays it's safe.
A lot of people using cards for shoping, another payment etc.. paper money now is not so actual. Most people using it for cheap things or for guaranting that it's not scam. huge disadvatage of paper money is that they can be falsify, So most of the people will switch to Digital money and other upcoming methods.
Paper money will exist till people using them, goverment will not bad it i think, maybe in 20 years they will start doing something but nowdays it's safe.
That's for sure, paper money will be needed by the government, as many people couldn't easily adopt if the government will implement
the digital currency, like bitcoin. And paper money is much easier to use since people all of us are used to it.
That's true paper money doesn't have any threat from bitcoin, people who are not used to internet and online shopping will prefer to use paper money for their transactions.
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