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Topic: The future of the paper money - page 259. (Read 416598 times)

hero member
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March 25, 2016, 12:32:23 PM
Paper money will not dissapear soon, maybe it will be replaced by smth else similar to paper but not disapear im sure about it. Always need a thing to show.
Yes you're right. paper money will never disappear, because it is a habit of the first to use paper money as a means of buying and selling. bitcoin will not be able to easily create paper money disappear
newbie
Activity: 2
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March 25, 2016, 12:13:13 PM
Paper money will be replaced over the next years,it will become digital ,but well it will take some years till that happen but be sure we are moving into the digital era.
legendary
Activity: 2380
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March 25, 2016, 12:11:35 PM
It is only a matter of time when will first blockchain be used in bank systems. Thay are smart people and they will find their ways to reduce influence of bitcoin, this is certain. Nobody will watch this rise without interfering. This leads us to regulations and this is way of accepting of bitcoin so we all must vote for regulations..
legendary
Activity: 2380
Merit: 1026
March 25, 2016, 11:31:29 AM
This compliment would make the advancement in the banking system. Bitcoin has been considered as a speculative asset but now its been growing as a alternate currency.
In every case bitcoin is very good opportunity for everybody to make money and to start thinking different way the we are used to do till now. This is something new for many people, and bitcoin needs time and good development in integration, nothing more. There is no need for comparing with dollar.
sr. member
Activity: 434
Merit: 251
March 25, 2016, 11:28:51 AM
Paper money will not dissapear soon, maybe it will be replaced by smth else similar to paper but not disapear im sure about it. Always need a thing to show.
sr. member
Activity: 476
Merit: 250
March 25, 2016, 10:01:48 AM
Paper money is now many 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.

I think if bitcoin will start to grow very fast anyway paper money will dominate. Nobody will renuncate from culture that living alot of years.
paper money has become a symbol of real money I don't think bitcoin could replace paper money.
paper money are distributed throughout the world impossible to get dissapear
hero member
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March 25, 2016, 09:16:39 AM
Paper money is now many 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.
Bitcoin is very far from this to become danger to system.
Best he can is to kill Paypal  Cheesy but, soon as he finished his new threat for bitcoin will show up very soon.
 This is good if we want some progress. We all know that many ideas from alts can be used and with bitcoins..

Bitcoin will always be a compliment to the traditional banking system, never a replacement. The main reason is that People don't treat it like a currency but a speculative asset.

This compliment would make the advancement in the banking system. Bitcoin has been considered as a speculative asset but now its been growing as a alternate currency.
legendary
Activity: 2044
Merit: 1115
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March 24, 2016, 10:02:35 PM
Paper money is now many 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.
Bitcoin is very far from this to become danger to system.
Best he can is to kill Paypal  Cheesy but, soon as he finished his new threat for bitcoin will show up very soon.
 This is good if we want some progress. We all know that many ideas from alts can be used and with bitcoins..

Bitcoin will always be a compliment to the traditional banking system, never a replacement. The main reason is that People don't treat it like a currency but a speculative asset.
sr. member
Activity: 588
Merit: 250
March 24, 2016, 03:59:32 PM
Paper money is now many 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.

I think if bitcoin will start to grow very fast anyway paper money will dominate. Nobody will renuncate from culture that living alot of years.
legendary
Activity: 2380
Merit: 1026
March 24, 2016, 12:03:53 PM
Paper money is now many 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.
Bitcoin is very far from this to become danger to system.
Best he can is to kill Paypal  Cheesy but, soon as he finished his new threat for bitcoin will show up very soon.
 This is good if we want some progress. We all know that many ideas from alts can be used and with bitcoins..
full member
Activity: 210
Merit: 100
March 24, 2016, 12:03:31 PM
Paper money is now many 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.

Yeah paper money is still the financial needs of the world community, they can not be separated from it, plus the infrastructure of bitcoin that has not been increased and growing, there are still many products - products that are sold in the market, has not received bitcoin as a medium of exchange trade...
legendary
Activity: 2380
Merit: 1026
March 24, 2016, 11:57:37 AM
Paper momey won't be banned for next 50 years for sure, people won't change to bitcoin so  fast it will take time, i think that in future bitcoin will be alternative currency but not main one
Can you tell me please where did you find this number of 50 years? Paper money is nothing special and important.
 System behind all this is more dangerous. Creating money from nothing and debt slavery is our enemy (system).
Paper money already belongs to history.
sr. member
Activity: 336
Merit: 250
March 24, 2016, 11:54:43 AM
Paper money is now many 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.
legendary
Activity: 2758
Merit: 1004
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March 24, 2016, 08:22:20 AM
The paper money will disappear on some point, I'm pretty sure of it because the fact is that paper money is not the future anymore.
The world is getting more digital by day so this is why its all gonna change.

That's the fact. Now everything is getting more digital day by day. But the paper money usage has never reduced. This makes paper money to go long.
is now digital technology is growing, but people are still in need of paper money for appliance purchase, perhaps because they think it's easy, because there are still many people who do not know the use of technology, so maybe paper money will continue to grow in time long enough
hero member
Activity: 658
Merit: 500
March 24, 2016, 06:19:33 AM
Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


i don't think that we will ever remove paper money, even if bitcoin will be very popular in future and everyone will know it, there still will be people that will use paper money, but of course, less then it's used right now, in 2016
hero member
Activity: 2618
Merit: 548
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March 24, 2016, 06:06:59 AM
The paper money will disappear on some point, I'm pretty sure of it because the fact is that paper money is not the future anymore.
The world is getting more digital by day so this is why its all gonna change.

That's the fact. Now everything is getting more digital day by day. But the paper money usage has never reduced. This makes paper money to go long.
full member
Activity: 210
Merit: 100
March 24, 2016, 04:50:39 AM
Bitcoin wont change the paper money,the world will advance into the next generation becoming full digital all the transactions that are made with fiat paper.

I think paper money will remain in future also but there are many chances that their use will be decreased. Nowdays everyone is using plastic money like debit cards and credit cards so there is less use of traditional paper money.
global moderator
Activity: 2324
Merit: 1179
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March 24, 2016, 04:35:50 AM
Even 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.

Paper money have survived and been a witness of all the changes in the economy...It is because it is under the control of the government..What ever happens in this world, paper money will still be alive..
hero member
Activity: 518
Merit: 500
March 24, 2016, 03:10:01 AM
Even 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.
yeah If it happens of course it takes a very long time. maybe a few more centuries although it happened. Fiat will make new features than banknotes. so it will be difficult for bitcoin to replace fiat
sr. member
Activity: 420
Merit: 250
March 24, 2016, 02:11:28 AM
Bitcoin wont change the paper money,the world will advance into the next generation becoming full digital all the transactions that are made with fiat paper.
I agree bitcoin will not replace fiat. fiat would have released version other than banknotes. but I do not think bitcoin will be lost or unused. bitcoin will become an option for fiat its cool!
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