The future of the paper money - page 240.

avw1982

hero member

Activity: 644

Merit: 500

Quote from: Zooplus on May 15, 2016, 03:30:26 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.

Wendigo

legendary

Activity: 2604

Merit: 1036

The global trend is to increase the use of digital payment processors and to lower the use of cash for purchasing goods and services that are done mostly online nowadays. I have read that the Nordic countries are trying to create a cashless society where people don't need to bring cash with themselves at all and everything can be bought with credit cards. Paper money is still very much needed in countries where digital technologies are not yet widely used but we are slowly moving away from paper and for better or worse the future of money will be virtual Wink

sk00t3r

full member

Activity: 192

Merit: 100

Quote from: OmegaStarScream on September 21, 2015, 03:26:18 AM

If it's something made by the government or by banks then you should definitly know that it won't be private and they will have control of everything just like the banks right , nothing much will change .
and for what comes to the Paper money I don't think it will dissapaear , maybe on some countries yes but worldwide ?definitly not because some countries don't even use Credit cards for their transactions so ... yep

It will never despair I mean the paper money since long time ago in the bingeing there was varieties kind of coin and changed now day by day the coins are going to be usefulness,but paper money will stay for longer, if we think or check about paper money then it will stop for ever,now some of us get question how? There is several kind of card Master card, Visa card , Debit Card and Credit card ect. it is going to stop paper money later on.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: peta4e on May 15, 2016, 08:13:34 AM

Quote from: romero121 on May 15, 2016, 06:46:04 AM

Quote from: JessicaSe on May 13, 2016, 03:25:59 PM

Quote from: Blackmet on May 13, 2016, 03:21:38 PM

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.

Well Said, there are few places where we can't use bitcoin and other digital currencies however the technology gets advanced. So in my opinion if the world becomes currency free then paper money use might gets stopped.

Each and every paper money represents their country, its a pride and symbol of their country, and Government will never allow that to happen as they will loose all their power and control on the money.

Thats right paper money is strong curriency because each of it represents strong countries and it symbolized the economic state and power for each currency, sad is say bitcoin could never turn down the physical curriency because most if all people prefers money that they can touch rather than floating money, government would rather not accept for the fact it will be replaced by bitcoin.

peta4e

hero member

Activity: 672

Merit: 500

Quote from: romero121 on May 15, 2016, 06:46:04 AM

Quote from: JessicaSe on May 13, 2016, 03:25:59 PM

Quote from: Blackmet on May 13, 2016, 03:21:38 PM

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.

Well Said, there are few places where we can't use bitcoin and other digital currencies however the technology gets advanced. So in my opinion if the world becomes currency free then paper money use might gets stopped.

Each and every paper money represents their country, its a pride and symbol of their country, and Government will never allow that to happen as they will loose all their power and control on the money.

romero121

legendary

Activity: 3206

Merit: 1213

casinosblockchain.io

Quote from: JessicaSe on May 13, 2016, 03:25:59 PM

Quote from: Blackmet on May 13, 2016, 03:21:38 PM

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.

Well Said, there are few places where we can't use bitcoin and other digital currencies however the technology gets advanced. So in my opinion if the world becomes currency free then paper money use might gets stopped.

Enotche

full member

Activity: 196

Merit: 100

Quote from: Zooplus on May 15, 2016, 03:30:26 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.

I completely agree!
Moreover cryptocurrency is convenience! For the money needed wallet. And in the event of loss to lose all at once. In a case with cryptocurrency same, you do not need anything other than your smartphone! You can pay, for example by simply touching "nfc" tag or scanning "qr" code! It's quick and easy!

blackmachinegun

hero member

Activity: 532

Merit: 500

Quote from: Blackmet on May 13, 2016, 03:21:38 PM

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

times change will not happen suddenly of course it would be impossible if the paper money abolished now. then it needs time for that stage. maybe a few more decades slowly banknotes will definitely start on leave and will switch to the more sophisticated forms of money again

Zooplus

legendary

Activity: 1106

Merit: 1000

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.

pitham1

legendary

Activity: 1232

Merit: 1000

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.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: katrimans on May 13, 2016, 10:03:46 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....

I think they are just the same, as long as there is monetary fund and it is related to money exchanging, money saving and other services for money.
For me, it will be safer if you are going to save your money to bank because once you account got hacked the assurance of your money back is guaranteed unlike if someone hacked your wallet address no assurance for money back.

deisik

legendary

Activity: 3486

Merit: 1280

English ⬄ Russian Translation Services

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

Quote from: katrimans on May 13, 2016, 10:03:46 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....

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.

I think we should distinguish between what is called "hackers" here (i.e. counterfeiters) and plain old thieves. To hack Bitcoin means to find a flaw in the algo, which would allow to create more coins with less effort. This roughly corresponds to a counterfeiter, a person who produces fraudulent copies of paper banknotes, while hackers that hack users' wallets are just thieves that empty pockets or bank accounts...

Whether it is bitcoins or dollars they steal is pretty much irrelevant (in respect to who they are)

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

Quote from: katrimans on May 13, 2016, 10:03:46 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....

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.

katrimans

hero member

Activity: 882

Merit: 500

Paper money is dead

JessicaSe

legendary

Activity: 840

Merit: 1000

Quote from: Blackmet on May 13, 2016, 03:21:38 PM

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.

Blackmet

hero member

Activity: 854

Merit: 500

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

SquallLeonhart

legendary

Activity: 2422

Merit: 1102

Quote from: hawkins on May 13, 2016, 11:26:13 AM

Quote from: expert4knowledge on May 12, 2016, 05:35:32 PM

Quote from: chaosknight on May 12, 2016, 10:17:24 AM

The future of paper money is good and promising as majority of people find it easy and convenient to use it as it is used and accepted everywhere.

I think it is not that good since use of electronic payments and bank cars is increasing however it will not vanish.

so true. I was sure it would be very inconvenient, I find paper money will always continue to be used even in the future. because paper money is a means of transaction was very good and easy

People loves the things that they can hold physically, and they also have faith in it, I personally love to hold physical cash in my wallet, it makes me feel rich.

hawkins

hero member

Activity: 1204

Merit: 500

Quote from: expert4knowledge on May 12, 2016, 05:35:32 PM

Quote from: chaosknight on May 12, 2016, 10:17:24 AM

The future of paper money is good and promising as majority of people find it easy and convenient to use it as it is used and accepted everywhere.

I think it is not that good since use of electronic payments and bank cars is increasing however it will not vanish.

so true. I was sure it would be very inconvenient, I find paper money will always continue to be used even in the future. because paper money is a means of transaction was very good and easy

Fofofolo

member

Activity: 107

Merit: 10

Paper money will not disappear and that is because there are also now still a lot of people that dont even know how to use it and that is now changing because they are promoting it more so that is nice for the Bitcoin.
The world is also getting more digital so that is nice but the only thing that you wont know is what the value will be.

Doms

hero member

Activity: 714

Merit: 500

Quote from: betohell on May 12, 2016, 07:54:14 PM

Quote from: chaosknight on May 12, 2016, 10:17:24 AM

The future of paper money is good and promising as majority of people find it easy and convenient to use it as it is used and accepted everywhere.

I think it's easy to use. precisely digital currency will be much easier. You do not need to be confused in the store and use it. if you have a lot of money of course you're going to the difficulty of storing paper money. in contrast to digital money

In the future, there will be lesser and lesser paper money circulating as debit cards, digital currency, cash cards are the ones will be using for our everyday spendings. There won't be loose change anymore since every transaction would be exactly paid based on the amount. Security of digital money should be further strengthened as most of the hackers are still finding ways to hack into our accounts.

Topic: The future of the paper money - page 240. (Read 416566 times)