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Topic: The future of the paper money - page 268. (Read 416598 times)

hero member
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DGbet.fun - Crypto Sportsbook
March 09, 2016, 08:56:48 AM
I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in their infant stages and therefore cannot make paper money to dissappear so quickly. The use of paper money is so important in that even those people currently adopting digital currency have a few nots in their wallets.
true, the use of paper money is now so important in the community, in addition to the paper money had also been there a long time, so I guess paper money remains the number one in public money

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. In future Bitcoin might be used in the physical form as we use dollars.
legendary
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March 09, 2016, 08:50:52 AM
I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in their infant stages and therefore cannot make paper money to dissappear so quickly. The use of paper money is so important in that even those people currently adopting digital currency have a few nots in their wallets.
true, the use of paper money is now so important in the community, in addition to the paper money had also been there a long time, so I guess paper money remains the number one in public money
full member
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March 09, 2016, 08:41:06 AM
I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in their infant stages and therefore cannot make paper money to dissappear so quickly. The use of paper money is so important in that even those people currently adopting digital currency have a few nots in their wallets.
full member
Activity: 210
Merit: 100
March 09, 2016, 08:30:50 AM
In future bitcoin might also get a paper money form. Bitcoin usage will get increased when it gets the paper form.

Lets just hope that the government will allow that,if the government wont gain tax from what is sold in their country they might push a law about that.

That would be hard. Government is against bitcoin due its bad past. Illegal transactions that have been done and as you said there is no tax. They wont get anything so why accept it.

Yeah and I don't think that government will support bitcoin in future, they will always support fiat as they have total control over it, and they know that they cannot have control  on bitcoin as it is decentralized currency.

Yes, and I think paper money will always survive, I don't see any threat to paper money from bitcoins, as people who are not used to digital world will always continue to use paper money.
hero member
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March 08, 2016, 11:01:23 AM
In future bitcoin might also get a paper money form. Bitcoin usage will get increased when it gets the paper form.

Lets just hope that the government will allow that,if the government wont gain tax from what is sold in their country they might push a law about that.

That would be hard. Government is against bitcoin due its bad past. Illegal transactions that have been done and as you said there is no tax. They wont get anything so why accept it.

Yeah and I don't think that government will support bitcoin in future, they will always support fiat as they have total control over it, and they know that they cannot have control  on bitcoin as it is decentralized currency.
legendary
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March 08, 2016, 10:34:48 AM
In future bitcoin might also get a paper money form. Bitcoin usage will get increased when it gets the paper form.

Lets just hope that the government will allow that,if the government wont gain tax from what is sold in their country they might push a law about that.

That would be hard. Government is against bitcoin due its bad past. Illegal transactions that have been done and as you said there is no tax. They wont get anything so why accept it.
legendary
Activity: 1232
Merit: 1091
March 08, 2016, 10:26:31 AM
In future bitcoin might also get a paper money form. Bitcoin usage will get increased when it gets the paper form.

Just no. Bitcoin in paper form already exists in the form of paper wallets with the private key(s) printed on it to redeem the coins if you so wish. There are also physical coins with a private key attached to it as sticker, but it basically works the same as paper wallets. I'm sorry to say, but this will never work as fiat paper money in the real/offline economy.
sr. member
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March 08, 2016, 10:23:58 AM
In future bitcoin might also get a paper money form. Bitcoin usage will get increased when it gets the paper form.

Yeah i really want bitcoin have physical money like paper money. So i'm sure more people will start using bitcoin and also bitcoin will get more popular.
sr. member
Activity: 434
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March 08, 2016, 10:23:28 AM
In the future all our paper money will be changed to digital money if you ask me, everything is gonna be digital these days.
Its just a matter of time before the paper money will disappear for good.

Even I agree to your point I feel even Bank also will comes to work with bitcoin in future instead of fiat currency. People are moving forward to the digital world as you said. Soon bitcoin will be aware of all people around the world.
newbie
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March 08, 2016, 10:18:23 AM
In future bitcoin might also get a paper money form. Bitcoin usage will get increased when it gets the paper form.

Lets just hope that the government will allow that,if the government wont gain tax from what is sold in their country they might push a law about that.
hero member
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March 08, 2016, 09:37:58 AM
In future bitcoin might also get a paper money form. Bitcoin usage will get increased when it gets the paper form.

That would be great if bitcoin gets into paper form it will increase the customer base if that happens and it will gain more attention from the people have more faith in something that they can hold physically or keep it physically in their wallet.
hero member
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DGbet.fun - Crypto Sportsbook
March 08, 2016, 09:33:37 AM
In future bitcoin might also get a paper money form. Bitcoin usage will get increased when it gets the paper form.
sr. member
Activity: 434
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March 08, 2016, 08:51:43 AM
In the future all our paper money will be changed to digital money if you ask me, everything is gonna be digital these days.
Its just a matter of time before the paper money will disappear for good.

Yes I think so to, and it is already happening as well.

Think of it The money on your bank account is digitally already.
You already doing digital transactions with it as well.

The problem it is backed bye nothing, the bank doesn't even have the money in the bank to pay everyone their money!
If everyone chooses to withdraw money from the bank there would be a big problem.

That is why Bitcoin is the future!
full member
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March 08, 2016, 07:06:55 AM
I think the future of the paper money is very bad because the paper money will disappear one day for sure.
Everything is gonna be digital, every currency will be digital I'm very sure of that.

Yup the paper money will surely disappear,but it will take maybe a century before that happens.
hero member
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SkyFall
March 08, 2016, 07:04:06 AM
I think the future of the paper money is very bad because the paper money will disappear one day for sure.
Everything is gonna be digital, every currency will be digital I'm very sure of that.
legendary
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March 08, 2016, 07:02:46 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?

the possibility always exist,but how much we sure about that,its about how much we trust our paper money,as long we still need papper money,we will never leave it.
Paper money will be banned entirely? no,i dont think this will happen.
How long do you think that happens? even this is happen,maybe on future,year of 2030 maybe.
would it work? no as i said before,so many poor people must keep their papper wallet.
What security and privacy risks would it raise? internet is not common thing in some country.


That's true I think paper money will always exist as many people find it more comfortable to use it, and unedcuated people will never use bitcoins for making payment as it would be really complicated for them to use it, So I think some proportion of people will always use paper money.
legendary
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March 08, 2016, 06:55:55 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?

the possibility always exist,but how much we sure about that,its about how much we trust our paper money,as long we still need papper money,we will never leave it.
Paper money will be banned entirely? no,i dont think this will happen.
How long do you think that happens? even this is happen,maybe on future,year of 2030 maybe.
would it work? no as i said before,so many poor people must keep their papper wallet.
What security and privacy risks would it raise? internet is not common thing in some country.
newbie
Activity: 34
Merit: 0
March 08, 2016, 05:14:52 AM
paper Money Issue by government and paper money never change to digital money because paper money is easily acceptable in any where in world and easily available.
sr. member
Activity: 476
Merit: 250
March 08, 2016, 03:26:31 AM
In the future all our paper money will be changed to digital money if you ask me, everything is gonna be digital these days.
Its just a matter of time before the paper money will disappear for good.
I think it's still a very long time to happen dude. paper money still in force anywhere in the world. coins and paper money will always be valid for some decades. will start at left if there is any technology or a more powerful currency became popular. bitcoin is not so popular


Bitcoin is still in its project phase,like when they first invented money it took some time before anyone knew about money.
Paper money will just be written in history as part of the most influential thing in the world.

Paper money is very much being used today and so it will be for the next years.
So if you like paper money (like me) there is nothing to worry about) there's plenty of usage for that.
sr. member
Activity: 280
Merit: 250
March 08, 2016, 03:24:28 AM
Paper money will of course exist in the future. And that will be no problem and many people will use it of course in the future, they need it.
We all hope also that more people will use Bitcoin more in the future and that it will becoming more popular.
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