Topic: The future of the paper money - page 256. (Read 416616 times)

Things will change in future but that doesn't mean that they will start accepting paper money as there are many people who still hesitate in using debit/credit cards for making payments.

It depends...years later, internet won't be a problem anymore, bitcoin could possibly be known all over the world, but even if it goes mainstream, Paper money is still in progress...government is still putting effort to make its money safe from being counterfeited, so it means, it will be living longer...

Paper money is much more easy for merchant to dispose and can buy things again ,in bitcoin there is no known market that you can buy items that you need daily.

Merchants who accept only paper money either (1) sell only low value items, so it doesn't make sense to pay credit card fees; or (2) are trying to evade taxes. In any case, their numbers are dwindling rapidly.

The future would match to a non-paper money , as you said using debit card/credit card are more simple and secure.

The problem are,  there is many merchants not yet accept that non-paper money, they prefer to use paper money. But we know it will solved as time goes by.

Paper money will still lived on and will be used by people around the world,people living in areas where internet is not capable will use paper money and wont use bitcoin.

When you say "Private," what do you mean?

Governments can quite easily put out a non-private digital currency and still maintain almost 100% control of that currency. I mean, who really created Bitcoin? That hasn't been revealed.

The benefit of digital currencies is their 'programmable' aspect.

It doesn't matter what a small segment of anarchists and/or libertarians think, 90% of most societies in the world live almost 100% by the word of their government. And if their government tells them to adopt some form of digital currency that they have programmed to deduct certain amounts of money per year for tax purposes, then they WILL adopt that currency - regardless of how private or non-private it is.

But, overall, if some government actually did this, then they would be bringing with them an entire country and adding that population to the crypto currency ecosystem - which will be a GREAT thing for alternative currency developers

As far as paper money goes, there has been plans to eliminate paper currencies since the invention of debit and credit cards. Denmark is now a testing ground for the coming cashless society as well as Sweden.

So, clearly, cash is on the way out and this has many connotations on a macro economic scale.

Without cash, there can be no bank runs. So perhaps in the coming years, the world governments are anticipating some form of catastrophic event that could lead to a world wide run on the banks. And, through technologies such as Bitcoin and the Blockchain, they are preempting this by slowly ushering in a completely re-designed financial system... beginning with the gradual elimination of Cash

paper money as we know it is going to be extinct in a couple of years for sure but money (fiat) as we know it is never gonna go away. the only thing possible is that it might change form like online banking (everything digital), things like credit cards,... will replace it. but i don't think money system is gonna be replaced even by bitcoin.

Paper money has been used for many decades now and its will stay that way no technology can take that away.

it is a common form of digital money you do not need paper money. the actual picture of the future of paper money is already evident from the many people who use debit or credit cards.
I own many use credit cards instead of paper money. you know I mean

Unless the government wants a cashless monetary system because it's easier to control digital money than physical cash. That's what people are worried about. Digital money doesn't mean Bitcoin, it just means not physical fiat. As it is, the majority of the transactions in the US are already cashless digital transactions. People are just worried that what is now a convenience will someday be mandatory.

Yeah paper money will still be used there and bitcoin is not a main factor as they wont even have internet connection to get bitcoin.
So paper money will still be alive for a long period of time.

That's true especially people from poor countries will keep on using paper money as they are not aware about the bitcoins yet and if they are aware they will hesitate in using it.

In the future the paper money will still exist, because not all people can afford to buy a mobile and can afford to pay for the internet provider.
There are still 3rd world country that will still prefer to use paper money. Also, not all government will accept/adapt to bitcoin.
I think the bitcoin will still keep on rising and getting more popular.

Paper money will surely be here for a long time and wont be replace by bitcoin or any other digital currency.
When we move on the next phase of our evolution we will not be using paper money.

There will always be some country that will keep their paper money because it is more conventional than digital currency or some other digital payment method. A country could only use a digital or cashless payment method only if their country's infrastructure such as wifi / internet connection is good enough, there is no way that poor countries in africa could adopt this payment method

Paper money will be here for awhile there's no telling when they will be gone but bitcoin will continue rising.

yes, with credit and debit cards we might be able to walk and takes the money safely, but it may occur when all the shops have a tool atm to withdraw money at any time we needed it. I think it's getting better bitcoin

agree with you more than a thousand years of paper money survive. they may not disappear just because the coming digital era
may be a few users left. but paper money will not be lost

Have you though about the people who cant use this kind of online currency? Who cant afford to get a credit or debit card? Really man, there are still a lot of people in the street who dont have this kind of sh1t they are still poor, and why would they get something that they will need to pay annually. In bitcoin case, they would need to be teach on how they will use it.