The future of the paper money - page 248.

maudevang

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Quote from: adomers on April 18, 2016, 08:15:24 AM

Quote from: senyorito123 on April 18, 2016, 07:06:59 AM

Quote from: benmartin613 on April 18, 2016, 06:35:17 AM

The future of paper money will most likely be good and will be used by all people in the world and paper money is relevant to every countries history.

Yes paper money will be good because theirs a law behind its existance and cant never replace to any other crypto or digital money existance and any other of it i dont think crypto currencies my have its own version of paper money becausr it is no country origin while paper money is origanated by country makers and have strong law implemented.

Paper money is much important and won't disappear however the digitalization takes place. Everywhere there will be some people who don't have interest over the digitalization.

Nobody will know what will happen later with the paper money and that is hard to know but there will be a lot of people that is going to use paper money and that is bad.
You see of course that Bitcoin is getting more used and popular and that is logic because people make it also more acceptable.

terman45x

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Quote from: BitHodler on April 18, 2016, 10:52:39 AM

Quote from: Yakamoto on April 18, 2016, 10:39:48 AM

Quote from: Oscoda on April 18, 2016, 10:36:20 AM

Quote from: sured44 on April 18, 2016, 08:21:12 AM

Digital currency is basically a threat to the old conventional paper money, as the world is heading toward the cashless society then paper money will surely feels its effect.

Indeed, the bitcoin has a good future because its digital with the paper money this is most likely the opposite it has a bad future because everything is gonna be digital.
I think the paper money will soon or later disappear.

I doubt that paper money will disappear anytime soon, there are too many people that would be in opposition of taking paper money out of the economy. There is a good feeling when you have cash in your hand as well, so I wouldn't want to see paper money phased out either.

Paper money will never go away. Just look at how much people are tied to do all their payments with paper/cash money.

In well developed countries there is no real need anymore for paper money as we do nearly all our payments via the internet, but that doesn't mean that paper money at some point will go away.

Just imagine the scenario in poor countries where is there is no excess to internet, they are not at all aware of bitcoin and they will continue to use paper money.

BitHodler

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Quote from: Yakamoto on April 18, 2016, 10:39:48 AM

Quote from: Oscoda on April 18, 2016, 10:36:20 AM

Quote from: sured44 on April 18, 2016, 08:21:12 AM

Digital currency is basically a threat to the old conventional paper money, as the world is heading toward the cashless society then paper money will surely feels its effect.

Indeed, the bitcoin has a good future because its digital with the paper money this is most likely the opposite it has a bad future because everything is gonna be digital.
I think the paper money will soon or later disappear.

I doubt that paper money will disappear anytime soon, there are too many people that would be in opposition of taking paper money out of the economy. There is a good feeling when you have cash in your hand as well, so I wouldn't want to see paper money phased out either.

Paper money will never go away. Just look at how much people are tied to do all their payments with paper/cash money.

In well developed countries there is no real need anymore for paper money as we do nearly all our payments via the internet, but that doesn't mean that paper money at some point will go away.

Yakamoto

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Quote from: Oscoda on April 18, 2016, 10:36:20 AM

Quote from: sured44 on April 18, 2016, 08:21:12 AM

Digital currency is basically a threat to the old conventional paper money, as the world is heading toward the cashless society then paper money will surely feels its effect.

Indeed, the bitcoin has a good future because its digital with the paper money this is most likely the opposite it has a bad future because everything is gonna be digital.
I think the paper money will soon or later disappear.

I doubt that paper money will disappear anytime soon, there are too many people that would be in opposition of taking paper money out of the economy. There is a good feeling when you have cash in your hand as well, so I wouldn't want to see paper money phased out either.

Oscoda

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Quote from: sured44 on April 18, 2016, 08:21:12 AM

Digital currency is basically a threat to the old conventional paper money, as the world is heading toward the cashless society then paper money will surely feels its effect.

Indeed, the bitcoin has a good future because its digital with the paper money this is most likely the opposite it has a bad future because everything is gonna be digital.
I think the paper money will soon or later disappear.

blackmachinegun

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Quote from: chaosknight on April 16, 2016, 06:24:03 PM

Quote from: xht on April 16, 2016, 06:21:02 PM

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.

Paper money is ruling the world since its inception and no other currency can replace it in future, people are more comfortable in using fiat rather going for digital stuff.

but it looks like the changing times will change someone's more comfortable paying for something instantly via cell phone or laptop. not offline and deal face to face with the seller. the human need for more and more if you have a solid course you will need to purchase and pay distress offline. bitcoin will be very useful

sured44

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Digital currency is basically a threat to the old conventional paper money, as the world is heading toward the cashless society then paper money will surely feels its effect.

adomers

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Quote from: senyorito123 on April 18, 2016, 07:06:59 AM

Quote from: benmartin613 on April 18, 2016, 06:35:17 AM

The future of paper money will most likely be good and will be used by all people in the world and paper money is relevant to every countries history.

Yes paper money will be good because theirs a law behind its existance and cant never replace to any other crypto or digital money existance and any other of it i dont think crypto currencies my have its own version of paper money becausr it is no country origin while paper money is origanated by country makers and have strong law implemented.

Paper money is much important and won't disappear however the digitalization takes place. Everywhere there will be some people who don't have interest over the digitalization.

senyorito123

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Quote from: benmartin613 on April 18, 2016, 06:35:17 AM

The future of paper money will most likely be good and will be used by all people in the world and paper money is relevant to every countries history.

Yes paper money will be good because theirs a law behind its existance and cant never replace to any other crypto or digital money existance and any other of it i dont think crypto currencies my have its own version of paper money becausr it is no country origin while paper money is origanated by country makers and have strong law implemented.

benmartin613

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The future of paper money will most likely be good and will be used by all people in the world and paper money is relevant to every countries history.

NUFCrichard

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Quote from: LoyceV on April 17, 2016, 04:44:51 AM

Quote from: Cyaren on April 16, 2016, 07:08:33 PM

I believe that the paper the government has to print them on is getting more and more expensive

What makes you think that? Google "cost of printing money":
$1 and $2: 5.5 cents per note
$5: 10.9 cents per note
$10: 9.9 cents per note
$20 and $50: 10.6 cents per note

Quote

so it's getting harder for governments to print currency

If I could print 471 $50 notes by paying 1 $50 note that seems like a very cheap way of creating more money!

Quote

and manipulate the currency supply.

The FED doesn't need to print money to do this. They just adjust the interest a bit and punch some numbers into a computer.

The problem with notes is not that they are too expensive as you point out (thanks for the info by the way). Notes are too easy to store out of a bank, especially those of higher denominations.
If a bank wants to have negative interest rates, they need all the money in the banks, i.e. not in cash.

Thus they sell up the whole cashless society idea, which sounds nice and easy, but not when the interest rates are -5%. Don't worry though, credit cards will still charge 15%+ interest, only banks will have negative interest available to them.

umhhppp

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the future is vurtual money and oppurtunities will be on the internet if that happens.

FabioDelcatto

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Quote from: malzahar on April 16, 2016, 06:07:31 PM

Quote from: ricardobs on April 16, 2016, 03:31:33 PM

Quote from: Corenin on April 09, 2016, 05:37:50 PM

People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.

These are some people who do not want to accept the change. They cant digest change from paper currency to Digital. If it is possible we have to educate them so that they get to know the benefits of this Bitcoin currency and hence they start using it.

I believe change is already happening either we like it or not lol.

Money has been evolving in our generation form, like the whole square, apple pay, etc. Its only natural if we see bitcoin becoming the new form.

Paper money is not that bad, as you can see now you see that there are a lot of people is still using paper money and that is nice for paper money itself.
You see that Bitcoin is of course getting more popular and used but that doesnt mean that paper money will disappear.

beduku22

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Quote from: adomers on April 17, 2016, 10:41:41 AM

paper money will of course exist in the future. And that is just impossible to happen that it will disappear, Bitcoin is of course more used in the future and that is good.

Digital currency is basically a threat to the old conventional paper money, as the world is heading toward the cashless society then paper money will surely feels its effect.

adomers

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paper money will of course exist in the future. And that is just impossible to happen that it will disappear, Bitcoin is of course more used in the future and that is good.

botany

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Quote from: faridkifly on April 17, 2016, 06:43:54 AM

Quote from: xht on April 16, 2016, 06:21:02 PM

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.

yes i agree.
real money will always be real money. digital currency cannot replace it. for ex in this modern era a lot of people still using real money Cool

If you think that only paper money is 'real' money, you are behind the times by a few decades.
The world has moved on.

nielaminda

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Quote from: faridkifly on April 17, 2016, 06:43:54 AM

Quote from: xht on April 16, 2016, 06:21:02 PM

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.

yes i agree.
real money will always be real money. digital currency cannot replace it. for ex in this modern era a lot of people still using real money Cool

I think bitcoin is only good for digital transaction or online transaction and wont be good or cant compete with paper money in any country.

faridkifly

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Quote from: xht on April 16, 2016, 06:21:02 PM

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.

yes i agree.
real money will always be real money. digital currency cannot replace it. for ex in this modern era a lot of people still using real money Cool

LoyceV

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Quote from: Cyaren on April 16, 2016, 07:08:33 PM

I believe that the paper the government has to print them on is getting more and more expensive

What makes you think that? Google "cost of printing money":
$1 and $2: 5.5 cents per note
$5: 10.9 cents per note
$10: 9.9 cents per note
$20 and $50: 10.6 cents per note

Quote

so it's getting harder for governments to print currency

If I could print 471 $50 notes by paying 1 $50 note that seems like a very cheap way of creating more money!

Quote

and manipulate the currency supply.

The FED doesn't need to print money to do this. They just adjust the interest a bit and punch some numbers into a computer.

OrangeII

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Quote from: haileysantos95 on April 17, 2016, 02:21:49 AM

Quote from: CryingMidget on April 17, 2016, 12:02:36 AM

Quote from: Cyaren on April 16, 2016, 07:08:33 PM

I believe that the paper the government has to print them on is getting more and more expensive, so it's getting harder for governments to print currency and manipulate the currency supply. And most people use online banking anyway... So why not?

Quote from: xht on April 16, 2016, 06:21:02 PM

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.

Exactly what people said when coins were the only currency and paper, representative money came along.

if paper money disappears, it still won't be for a very long time. It won't happen for a long time, because the government will be able to control fiat currency much easier, so bitcoin won't replace it very soon.

I agree,bitcoin wont be replacing dollar because of the government are controlling it and that is their source of power over other country.

you are right. bitcoin prices are also unstable. other than that bitcoin is not possible to replace the traditional means of exchange and a currency that has always been in use by the public, it would probably lead to chaos and the economic crisis

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