The future of the paper money - page 243.

bamboylee

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Quote from: xIIImaL on May 05, 2016, 01:04:54 PM

Quote from: JessicaSe on May 04, 2016, 12:32:42 PM

The future of paper money is as promising as it has been till date as the users of paper money are huge and they will continue to use it even bitcoin gets on mainstream.

For that bitcoin should get accept worldwide as payment gateway, Paper money is now largely used. And that will not change later. I also know that Bitcoin will be more used now in the future.
But many people need also their paper money, because some people dont even know what Bitcoin do, so first we must promote Bitcoin.

Of course we need to promote bitcoin and make more people adopt to using bitcoins. We also need to promote it to businesses as an alternative payment schemes. More people using bitcoin, the better. Time will come when we can use bitcoin as easily as we use fiat now.

co5hike

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Quote from: uname on May 07, 2016, 07:02:56 PM

Quote from: angaper on May 07, 2016, 04:47:24 PM

It is undoubted that paper money has its days numbered, because at this technologically advanced age, we have a lot of new and more reliable ways to carry out our financial exchanges. This primitive money has disappeared in most relevant exchanges, and perhaps it will completely disappear in 20 years.

yeah i'm sure that paper money should definitely be replaced with something newer. but maybe not 20 years from now? may be much longer I'm sure the paper money they can last longer

What else new you want apart from bitcoin? Bitcoin is the newest thing, if bitcoin cannot replace paper money then there is nothing else that can replace it.

uname

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Quote from: angaper on May 07, 2016, 04:47:24 PM

It is undoubted that paper money has its days numbered, because at this technologically advanced age, we have a lot of new and more reliable ways to carry out our financial exchanges. This primitive money has disappeared in most relevant exchanges, and perhaps it will completely disappear in 20 years.

yeah i'm sure that paper money should definitely be replaced with something newer. but maybe not 20 years from now? may be much longer I'm sure the paper money they can last longer

JumperX

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Quote from: martinacar on May 07, 2016, 05:49:31 PM

Quote from: angaper on May 07, 2016, 04:47:24 PM

It is undoubted that paper money has its days numbered, because at this technologically advanced age, we have a lot of new and more reliable ways to carry out our financial exchanges. This primitive money has disappeared in most relevant exchanges, and perhaps it will completely disappear in 20 years.

Yes like people already said the paper money will disappear soon or later because everything is gonna be digital.
I think honestly that it will take a while of course but it will happen.

People will use more digital money for sure but there will be certain percentage of population who will prefer to use paper money in future too, as we cannot expect everyone holding bitcoin.

martinacar

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Quote from: angaper on May 07, 2016, 04:47:24 PM

It is undoubted that paper money has its days numbered, because at this technologically advanced age, we have a lot of new and more reliable ways to carry out our financial exchanges. This primitive money has disappeared in most relevant exchanges, and perhaps it will completely disappear in 20 years.

Yes like people already said the paper money will disappear soon or later because everything is gonna be digital.
I think honestly that it will take a while of course but it will happen.

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Quote from: angaper on May 07, 2016, 04:47:24 PM

It is undoubted that paper money has its days numbered, because at this technologically advanced age, we have a lot of new and more reliable ways to carry out our financial exchanges. This primitive money has disappeared in most relevant exchanges, and perhaps it will completely disappear in 20 years.

I don't think that is possible, paper money will always exist as majority of people finds it easy to use as they are used to it and feel comfortable in using it.

angaper

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It is undoubted that paper money has its days numbered, because at this technologically advanced age, we have a lot of new and more reliable ways to carry out our financial exchanges. This primitive money has disappeared in most relevant exchanges, and perhaps it will completely disappear in 20 years.

bitlancr

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Quote from: Icathia on May 06, 2016, 02:10:10 AM

Nobody will know what the future will be of the paper money and as you can see now you see of course that Bitcoin is getting more used and it becomes also more popular.
But there are still a lot of people that dont even know how Bitcoin works and that is why paper money cant disappear.

Well you are partly right but I think on a long term it can disappear for good, even elderly people are already paying digital without paper money and I think that is saying pretty much about the future.

BTCBinary

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Seems like the future of paper money may yet have its days counted... SOme European countries are already considering ending the use of paper money notes in the nerar future

lixer

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Quote from: xIIImaL on May 05, 2016, 01:04:54 PM

Quote from: JessicaSe on May 04, 2016, 12:32:42 PM

The future of paper money is as promising as it has been till date as the users of paper money are huge and they will continue to use it even bitcoin gets on mainstream.

For that bitcoin should get accept worldwide as payment gateway, Paper money is now largely used. And that will not change later. I also know that Bitcoin will be more used now in the future.
But many people need also their paper money, because some people dont even know what Bitcoin do, so first we must promote Bitcoin.

Yes, promoting bitcoin is a good idea, we should have to invite more people from our family, friends relatives and neighbors to adopt it and we have to teach them about the usage of bitcoin and have to teach them about its features.

GamingBro

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Quote from: Mr.grin on May 06, 2016, 01:14:23 PM

Quote from: ecommerce on May 06, 2016, 11:58:17 AM

people use it less in future.

of course it is still used. Paper money is a good thing to use and less troublesome than that we can share with paper money, unlike the coins were quite troublesome and credit cards are very difficult to share with others. I think in the future banknote remains the best

I am agree with you, cash is really less toublesome, you are just paying from hand to hand and done. I don't understand why people hurry up to change this on digital money.

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

Quote from: hawkins on May 05, 2016, 12:16:15 PM

Quote from: uname on May 05, 2016, 04:54:55 AM

Quote from: Qunenin on May 04, 2016, 12:22:59 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.

But still I think that uneducated people will prefer their fiat which for them is most easiest method than any other method, and they will first do not like to adopt it and if they found it compulsory then they will take much time to learn it.

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

Quote from: hawkins on May 05, 2016, 12:16:15 PM

Quote from: uname on May 05, 2016, 04:54:55 AM

Quote from: Qunenin on May 04, 2016, 12:22:59 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.

I see no future of paper money

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

Quote from: hawkins on May 05, 2016, 12:16:15 PM

Quote from: uname on May 05, 2016, 04:54:55 AM

Quote from: Qunenin on May 04, 2016, 12:22:59 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.

Yes, I got the point, the whole of the world is going to shift to the virtual system and so the shops will also prefer the digital system and in that way the most favorable currency will be bitcoin and people will also like it because of its security.

Mr.grin

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Quote from: ecommerce on May 06, 2016, 11:58:17 AM

people use it less in future.

of course it is still used. Paper money is a good thing to use and less troublesome than that we can share with paper money, unlike the coins were quite troublesome and credit cards are very difficult to share with others. I think in the future banknote remains the best

ecommerce

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people use it less in future.

zimmah

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Quote from: martha5dool on May 06, 2016, 11:06:34 AM

I don't see any threat to paper money from bitcoins

no, but there is from bankers.

banks and governments want to get rid of paper money as much as possible so that they can charge negative interest rates on bank accounts, so people will be forced to either lose money monthly due to their money being stolen by the banks or use something else than fiat money.

voztata

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Quote from: bob123 on May 06, 2016, 07:52:48 AM

In Germany the biggest bill (500€) is gonna get removed.
That speaks for itself.

Has it been confirmed? I tried searching for articles about it and I've only seen that Germany, Austria, etc are still debating and only considering it because they might not be able to support without the 500euro bills.

martha5dool

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I don't see any threat to paper money from bitcoins

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The future of paper money is safe as entire world is using it and dependent on it comparatively the users of bitcoin are very less at a moment.

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