The future of the paper money - page 273.

Denker

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Quote from: zodiac3011 on December 01, 2015, 10:08:15 AM

Quote from: CryptoBjorn on December 01, 2015, 10:01:04 AM

In the future paper money will be worth so much Tongue

because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.

Hey love your idea Grin

let's collect all the paper money around the world before it's too late to do that!

Yes it can be used for several things. For instance as wallpaper.Each room with a different currency! Cheesy

Or as toilet paper!Never can have enough of tha right! Grin

Or you use it as fuel!Although Andreas A. said "Goat shit burns better!" Shocked

zodiac3011

hero member

Activity: 770

Merit: 500

Quote from: CryptoBjorn on December 01, 2015, 10:01:04 AM

In the future paper money will be worth so much Tongue

because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.

Hey love your idea Grin

let's collect all the paper money around the world before it's too late to do that!

CryptoBjorn

hero member

Activity: 714

Merit: 500

In the future paper money will be worth so much Tongue

because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.

zodiac3011

hero member

Activity: 770

Merit: 500

Quote from: bitart on November 30, 2015, 06:32:58 PM

Quote from: planetroving on November 30, 2015, 05:26:14 AM

As far into the future as I can see, paper money would still be the primary method of trading. As seen with much of the world, many do not have an internet connection, let alone a computer or even adequate shelter. They are required to be able to trade with some form of digital currency, which in this case is Bitcoins. Paper money on the other hand, is much easier for everybody to use. However, once everybody has access to the internet, digital currency will be superior and will take over! Tongue

I've just combined two things I've read in the previous posts.
Sweeden wants to be a cashless country. One of my friends' had spent a little time there. If you don't have a credit card, you can't even hop on a bus, train, etc because they really don't use cash at all. One place where they are still using coins is the door lock of the public toilets

Just imagine that you are in a really need and you are about to swipe your card to open the toilet's lock, and the power outage comes

“There are some things money can’t buy. For everything else there’s MasterCard.” or not

well even if they use cards for paying the public toilets, they must have some back up plans before deciding to do so Grin

they have to think all the outcomes before doing anything

bitart

hero member

Activity: 1442

Merit: 629

Vires in Numeris

Quote from: planetroving on November 30, 2015, 05:26:14 AM

As far into the future as I can see, paper money would still be the primary method of trading. As seen with much of the world, many do not have an internet connection, let alone a computer or even adequate shelter. They are required to be able to trade with some form of digital currency, which in this case is Bitcoins. Paper money on the other hand, is much easier for everybody to use. However, once everybody has access to the internet, digital currency will be superior and will take over! Tongue

I've just combined two things I've read in the previous posts.
Sweeden wants to be a cashless country. One of my friends' had spent a little time there. If you don't have a credit card, you can't even hop on a bus, train, etc because they really don't use cash at all. One place where they are still using coins is the door lock of the public toilets

Just imagine that you are in a really need and you are about to swipe your card to open the toilet's lock, and the power outage comes

“There are some things money can’t buy. For everything else there’s MasterCard.” or not

zodiac3011

hero member

Activity: 770

Merit: 500

Quote from: Yakamoto on November 30, 2015, 01:31:35 AM

Quote from: n691309 on November 30, 2015, 01:20:52 AM

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.

One thing I don't like about having an entirely digital monetary system is that any power outages or other events would grind everything to a halt, which can make it impossible to obtain goods for a period of time. Another is that banks now control where literally all the value goes, but that's bordering on a conspiracy and, if done properly, banks wouldn't have to be something people would worry about.

I always like the feel of physical value in my pocket, though. Maybe have 1/8 of the currency supply in physical paper/plastic assets, since most people won't need more than 1/8 of the currency supply at a time?

it's just the feeling of physical value some what psychological value only. Personally I don't want to end up with a lot of paper money or I need the money but some are lost somewhere...

planetroving

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Activity: 2170

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As far into the future as I can see, paper money would still be the primary method of trading. As seen with much of the world, many do not have an internet connection, let alone a computer or even adequate shelter. They are required to be able to trade with some form of digital currency, which in this case is Bitcoins. Paper money on the other hand, is much easier for everybody to use. However, once everybody has access to the internet, digital currency will be superior and will take over! Tongue

Decoded

legendary

Activity: 1232

Merit: 1030

give me your cryptos

I really hope you understand that paper money will not be replaced by an online currency in your lifetime. Wallets are still quite hack-able, and with the idea of a quantum computing looming over our heads, governments are stepping slowly around this idea of changing their currency.

Fiat will always be needed until everyone has a way to access the blockchain. This requires an internet connection which alot of people may not have.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: n691309 on November 30, 2015, 01:36:36 AM

Quote from: lama-hunter on November 30, 2015, 01:28:44 AM

Quote from: n691309 on November 30, 2015, 01:20:52 AM

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.

I can just tell your right! Everything gonne be gone over a blockchain and backs accept the bitcoin and several cryptocurrencys !

That would be awesome Cheesy

Dogecoin for the Dax ! wuwuwuw Cheesy

regards
lama-hunter

Well i still prefer to deal in cash rather in digital forms because that's how is made a deal, when i pay in digital forms it looks like paying something in GTA game Tongue

cash is very good face to face, if you ar enear the one you want to deal with, but for long distance i would always prefer the digital way even if using fiat

so everything is tracked nowadays if it work with fiat no matter cash or whatever you use, it will not make much difference

n691309

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Quote from: lama-hunter on November 30, 2015, 01:28:44 AM

Quote from: n691309 on November 30, 2015, 01:20:52 AM

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.

I can just tell your right! Everything gonne be gone over a blockchain and backs accept the bitcoin and several cryptocurrencys !

That would be awesome Cheesy

Dogecoin for the Dax ! wuwuwuw Cheesy

regards
lama-hunter

Well i still prefer to deal in cash rather in digital forms because that's how is made a deal, when i pay in digital forms it looks like paying something in GTA game Tongue

Yakamoto

legendary

Activity: 1218

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Quote from: n691309 on November 30, 2015, 01:20:52 AM

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.

One thing I don't like about having an entirely digital monetary system is that any power outages or other events would grind everything to a halt, which can make it impossible to obtain goods for a period of time. Another is that banks now control where literally all the value goes, but that's bordering on a conspiracy and, if done properly, banks wouldn't have to be something people would worry about.

I always like the feel of physical value in my pocket, though. Maybe have 1/8 of the currency supply in physical paper/plastic assets, since most people won't need more than 1/8 of the currency supply at a time?

lama-hunter

sr. member

Activity: 266

Merit: 250

quote author=n691309 link=topic=1185580.msg13107968#msg13107968 date=1448864452]
Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.
[/quote

I can just tell your right! Everything gonne be gone over a blockchain and backs accept the bitcoin and several cryptocurrencys !

That would be awesome Cheesy

Dogecoin for the Dax ! wuwuwuw Cheesy

regards
lama-hunter

n691309

legendary

Activity: 1526

Merit: 1001

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.

zodiac3011

hero member

Activity: 770

Merit: 500

Quote from: caliboy37 on November 29, 2015, 06:25:32 PM

Current gouvernment don't wanna ban paper money. Next gen will come and change the world to crypto.

Some may have the intention of reducing the use of paper money but they need a good solution. This process must be slow and steady so everyone will naturally accept it

caliboy37

member

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Current gouvernment don't wanna ban paper money. Next gen will come and change the world to crypto.

zodiac3011

hero member

Activity: 770

Merit: 500

Quote from: Amph on November 29, 2015, 06:40:09 AM

Quote from: stromma44 on November 28, 2015, 09:54:48 AM

Quote from: zodiac3011 on November 28, 2015, 09:02:32 AM

Quote from: umaOuma on November 28, 2015, 08:46:08 AM

Quote from: zodiac3011 on November 28, 2015, 08:33:28 AM

Quote from: tom555 on November 28, 2015, 08:29:29 AM

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.

In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long Grin

and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.

Just pure speculative it can happen in 25 years! 50 years! We don't know actually. Technology is changing everyday, credit card is widely adopted or the least is ATM card, internet banking, paypal, cryptocurrency,... Everything is reducing the control of paper money

The fact is people use paper money more then any other currency, there are people who even don't use ATM or Credit Cards so for them using digital currency is far away as they are used to it and mainly the older generation would never use any digital currency as they are scared of internet and everything associated with it.

and how they get paper money without atm? employees are not payed in cash anymore, it's also illegal unless you do that unregulated job...

I agree with your opinion. people nowadays don't just carry around a lot of cash because you will become a high valued targer for robbers too! credit card, ATM is more convenient Grin

withdraw the amount you need or use credit card to pay everything... there's nothing to scare of it

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: stromma44 on November 28, 2015, 09:54:48 AM

Quote from: zodiac3011 on November 28, 2015, 09:02:32 AM

Quote from: umaOuma on November 28, 2015, 08:46:08 AM

Quote from: zodiac3011 on November 28, 2015, 08:33:28 AM

Quote from: tom555 on November 28, 2015, 08:29:29 AM

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.

In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long Grin

and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.

Just pure speculative it can happen in 25 years! 50 years! We don't know actually. Technology is changing everyday, credit card is widely adopted or the least is ATM card, internet banking, paypal, cryptocurrency,... Everything is reducing the control of paper money

The fact is people use paper money more then any other currency, there are people who even don't use ATM or Credit Cards so for them using digital currency is far away as they are used to it and mainly the older generation would never use any digital currency as they are scared of internet and everything associated with it.

and how they get paper money without atm? employees are not payed in cash anymore, it's also illegal unless you do that unregulated job...

Pasutinmeur

full member

Activity: 302

Merit: 100

Quote from: zodiac3011 on November 28, 2015, 08:33:28 AM

Quote from: tom555 on November 28, 2015, 08:29:29 AM

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.

In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

Paper money will be a lesser part of the function of currency. I remember that Sweden will become the first cashless society. But I think it will not be totally cashless.

zodiac3011

hero member

Activity: 770

Merit: 500

Quote from: stromma44 on November 28, 2015, 09:54:48 AM

Quote from: zodiac3011 on November 28, 2015, 09:02:32 AM

Quote from: umaOuma on November 28, 2015, 08:46:08 AM

Quote from: zodiac3011 on November 28, 2015, 08:33:28 AM

Quote from: tom555 on November 28, 2015, 08:29:29 AM

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.

In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long Grin

and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.

Just pure speculative it can happen in 25 years! 50 years! We don't know actually. Technology is changing everyday, credit card is widely adopted or the least is ATM card, internet banking, paypal, cryptocurrency,... Everything is reducing the control of paper money

The fact is people use paper money more then any other currency, there are people who even don't use ATM or Credit Cards so for them using digital currency is far away as they are used to it and mainly the older generation would never use any digital currency as they are scared of internet and everything associated with it.

Ok I agree. The young generation will change everything I think like I said it can happen in 25 years Grin

some country has already aimed to eliminate paper money already and one has succeeded I think Grin

so yeah we can expect that.

stromma44

hero member

Activity: 952

Merit: 1000

Quote from: zodiac3011 on November 28, 2015, 09:02:32 AM

Quote from: umaOuma on November 28, 2015, 08:46:08 AM

Quote from: zodiac3011 on November 28, 2015, 08:33:28 AM

Quote from: tom555 on November 28, 2015, 08:29:29 AM

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.

In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long Grin

and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.

Just pure speculative it can happen in 25 years! 50 years! We don't know actually. Technology is changing everyday, credit card is widely adopted or the least is ATM card, internet banking, paypal, cryptocurrency,... Everything is reducing the control of paper money

The fact is people use paper money more then any other currency, there are people who even don't use ATM or Credit Cards so for them using digital currency is far away as they are used to it and mainly the older generation would never use any digital currency as they are scared of internet and everything associated with it.

Topic: The future of the paper money - page 273. (Read 416598 times)