Topic: The future of the paper money - page 238. (Read 416566 times)

Quote from: pitham1 on May 21, 2016, 09:18:09 PM

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

Paper money is still used a lot and that is nice because you already can see now that there are more people that is going to use Bitcoin but there are still a lot of people that dont even know how to use it.
And that have to change of course but that will takes a long time because you must win their trust also.

Blackmet

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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.

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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

Not only they are still using cash money, but also local bazaars where people still use cash money to buy what they need. It doesn't depend only on poor people/third world countries. Cash money will always be a part of the economy. It will surely decrease in usage, but it won't vanish.

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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.

Is that also not exactly true of cryptocurrency?

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Quote from: pitham1 on May 14, 2016, 10:35:45 PM

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

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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.

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Quote from: neochiny on May 14, 2016, 01:05:10 AM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.

I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin.

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Quote from: DuckKeeper on May 20, 2016, 04:00:07 AM

It is really hard to predict what the future will be of the paper money but 1 thing for sure is that paper money will not disappear and that is because it is still many used by many people.
And of course you see that Bitcoin is getting more popular and used but that is not controlling the paper money.

widely used not mean not disappear. you know the radio? a few years ago radios used by everyone and that is now on leave because it is considered are too old ?

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Quote from: katrimans on May 20, 2016, 12:10:16 PM

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

Are you one of them, or the one who goes after them?

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Quote from: Marbit on May 20, 2016, 12:56:38 PM

Once up on a time the people was using gold or silver coin that time there was no any Paper Money. Now on the digital world every system is running with net/online.Paper money will destroy and vanish. Now banking system also running with Master Card , Visa card , Paypal card ect.

I think gold and silver will not be used in the future, it is because the stock is limited, unlike paper money which is not limited, I guess banknotes will remain in use, and bitcoin will only continue to shine on the internet

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Quote from: chaosknight on May 20, 2016, 01:00:39 PM

Quote from: katrimans on May 20, 2016, 12:10:16 PM

Quote from: terman45x on May 05, 2016, 01:27:12 PM

Quote from: hawkins on May 05, 2016, 01:16:15 PM

Quote from: uname on May 05, 2016, 05:54:55 AM

Quote from: Qunenin on May 04, 2016, 01:22:59 PM

The future is only of bitcoins and not paper money.

I think Fiat will continue into the future dude not bitcoin. I think that fiat money also has a digital version so it will compete with bitcoin in that field ?

I think that paper money will always be used, even when the bitcoin already have access to all the shops or the world. bitcoin may only be used as an alternative to payment, and maybe it's just a card shaped like atm

You got a point here, if that is the case in future then we will see many users using bitcoin and then people will prefer to use bitcoin more in compare to fiat currency.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

Yeah and the fact is that its not easy to steal your bitcoin but you can get robbed with paper money, but still people are more comfortable in using paper money.

I think steal someone bitcoin is also easy if the person easily click random link that have a virus that can steal his coin. Both paper money and bitcoin are easy to steal imo.

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Quote from: katrimans on May 20, 2016, 12:10:16 PM

Quote from: terman45x on May 05, 2016, 01:27:12 PM

Quote from: hawkins on May 05, 2016, 01:16:15 PM

Quote from: uname on May 05, 2016, 05:54:55 AM

Quote from: Qunenin on May 04, 2016, 01:22:59 PM

The future is only of bitcoins and not paper money.

I think Fiat will continue into the future dude not bitcoin. I think that fiat money also has a digital version so it will compete with bitcoin in that field ?

I think that paper money will always be used, even when the bitcoin already have access to all the shops or the world. bitcoin may only be used as an alternative to payment, and maybe it's just a card shaped like atm

You got a point here, if that is the case in future then we will see many users using bitcoin and then people will prefer to use bitcoin more in compare to fiat currency.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

Yeah and the fact is that its not easy to steal your bitcoin but you can get robbed with paper money, but still people are more comfortable in using paper money.

Marbit

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Once up on a time the people was using gold or silver coin that time there was no any Paper Money. Now on the digital world every system is running with net/online.Paper money will destroy and vanish. Now banking system also running with Master Card , Visa card , Paypal card ect.

katrimans

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Quote from: terman45x on May 05, 2016, 01:27:12 PM

Quote from: hawkins on May 05, 2016, 01:16:15 PM

Quote from: uname on May 05, 2016, 05:54:55 AM

Quote from: Qunenin on May 04, 2016, 01:22:59 PM

The future is only of bitcoins and not paper money.

I think Fiat will continue into the future dude not bitcoin. I think that fiat money also has a digital version so it will compete with bitcoin in that field ?

I think that paper money will always be used, even when the bitcoin already have access to all the shops or the world. bitcoin may only be used as an alternative to payment, and maybe it's just a card shaped like atm

You got a point here, if that is the case in future then we will see many users using bitcoin and then people will prefer to use bitcoin more in compare to fiat currency.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

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Quote from: terman45x on May 19, 2016, 10:50:00 AM

Quote from: expert4knowledge on May 19, 2016, 10:29:24 AM

Quote from: expert4knowledge on May 18, 2016, 05:09:49 PM

Quote from: rio3233 on May 19, 2016, 10:59:28 AM

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.

Even I like so much pal, The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.

Paper money will never extinguish but the use of it for sure will be decreased in the next years.

I see no decrease even for the next 50 years. Paper money will still prevail and all kinds of transactions are possible in paper money rather by bitcoin which you only have the ability to accessed it by online.

But I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.

That is quiet possible to happen but the major issue is we don't know whether bitcoin will survive for next 50 years or not, if its alive then people will prefer to use only bitcoin.

Bitcoin will survive even after 50years. People are now realizing the value of bitcoin so they will be more involve. Besides , bitcoin already.survive this far and bitcoin was not yet known before nor it have a good price yet. Bitcoin will continue to survive especially now that it is stable, good price and used by many.

DuckKeeper

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It is really hard to predict what the future will be of the paper money but 1 thing for sure is that paper money will not disappear and that is because it is still many used by many people.
And of course you see that Bitcoin is getting more popular and used but that is not controlling the paper money.

mark coins

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Quote from: terman45x on May 19, 2016, 10:50:00 AM

Quote from: expert4knowledge on May 19, 2016, 10:29:24 AM

Quote from: expert4knowledge on May 18, 2016, 05:09:49 PM

Quote from: terman45x on May 19, 2016, 10:50:00 AM

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.

Even I like so much pal, The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.

Paper money will never extinguish but the use of it for sure will be decreased in the next years.

I see no decrease even for the next 50 years. Paper money will still prevail and all kinds of transactions are possible in paper money rather by bitcoin which you only have the ability to accessed it by online.

But I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.

That is quiet possible to happen but the major issue is we don't know whether bitcoin will survive for next 50 years or not, if its alive then people will prefer to use only bitcoin.

Well, our lives every years always upgrade into digital era. I'm sure someday we will not use the paper money anymore and all money become digital.

Yeah that is quiet possible, as it takes me to the past when internet took birth, majority of us said that it will not survive, but today it has become an necessity of each and every individual.

rio3233

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Quote from: expert4knowledge on May 19, 2016, 10:29:24 AM

Quote from: expert4knowledge on May 18, 2016, 05:09:49 PM

Quote from: expert4knowledge on May 19, 2016, 10:29:24 AM

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.

Even I like so much pal, The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.

Paper money will never extinguish but the use of it for sure will be decreased in the next years.

I see no decrease even for the next 50 years. Paper money will still prevail and all kinds of transactions are possible in paper money rather by bitcoin which you only have the ability to accessed it by online.

But I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.

That is quiet possible to happen but the major issue is we don't know whether bitcoin will survive for next 50 years or not, if its alive then people will prefer to use only bitcoin.

Well, our lives every years always upgrade into digital era. I'm sure someday we will not use the paper money anymore and all money become digital.

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Quote from: expert4knowledge on May 18, 2016, 05:09:49 PM