Topic: The future of the paper money - page 32. (Read 416565 times)
Paper money is very much being used today and so it will be for the next years.paper money will always exist as many people find it more comfortable to use it, and uneducated people will never use bitcoins for making payment as it would be really complicated for them to use it.it will take maybe a century before that happens.
Only the people of the government will decide on when the paper money exist. Most people didn't know how bitcoin works. But its all about future nothing's know what happen next, its possibly only.
In my opinion use of paper money will go to considerable decrease. The cryptocurrency is the ideal tool on their replacement. However time hasnt come completely to replace yet. it will be smooth process within many years.
Paper money will continue to exist. But their total number will gradually decrease. Paper money simply goes into an electronic form.
I'm not sure paper money will be banned totally. will be used less maybe but will not be totally removed from our daily lives. People maybe using cards, credit and debit cards and bank notes but money will not be replaced by cryptocurrency i think. But however will it be in the future no one really knows.
I don't think that the paper money will be banned entirely as i feel it as something foolish even if some of the government are trying to implement complete digital currency i don't feel they will ban paper money as it will affect the people in low class society.
What is being banned entirely? It will never be banned. They are very important. Paper money is the real money, not even digital money’s. Digital money is just a copy of the real money (paper money) into electronics so that they be easy to use for distant and close transaction. So they can’t be banned.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?
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?
Paper money will totaly out if all country using bitcoin to use cashless payment but when did it happen, in fact here in the Philippines the number one problem is internet speed not only that many of the urban area here in the Philippines have no longer experience about bitcoin
The current transaction with paper money continues to decrease so that many countries plan to replace with digital money, in addition to easy to control the use of digital money is not destructive nature because paper money raw materials are paper that comes from trees.
Eventually, there will be no paper in the world at all, there is no future whatsoever when it comes to paper money and everything will be digital, I will not be surprised if countries start making their own cryptocurrencies. For my understanding the future of paper money maybe will decrease in the future. But paper money will never be gone. Its only decreasing because we have a new generation that money will be always money even if it visual or crypto currencies.
Yes physical money or paper money will decreases but it will stay as a money because there is no store that receives bitcoin.In someway paper moner will increase. Why?
Because your bitcoins will be transfer to dollars ($).
I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
Well yes you have the point if cash will be extinct I think we are not able to handle technology based method of payment, transaction, and investments cause I think people will manipulate it and it is very prone for hacking.
future paper money !! paper money in the future will still exist because not everyone in this world can use paper money, in this world there is still a child who does not know digital money or adults who do not understand digital money so if I think the paper money in the future will remain and remain popular in the world.
I think the future of paper money will last. because most people use digital currency as a sale and purchase transaction. perhaps the use of fiat money is too difficult and impractical. it takes a lot of space to save the money. unlike digital money that takes a little space and is easy to use
Digital currencies and cryptocurrencies are the thing so coming future indeed, with the inception of e-Commerce, the significance of digital currency increased. Similar phenomena will take place in case of cryptocurrencies when organizations start to adopt them as a source of daily transactions. However, it is wrong to day that hard currency will be diminished, they will remain the part of process.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?
Well paper money is one of the popular currency all over the world, but, it can't be easily banned , bitcoin is an electronic money , yes it is easy to use it but paper money cant easily banned. 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 the paper money will be banned entirely as i feel it as something foolish even if some of the government are trying to implement complete digital currency i don't feel they will ban paper money as it will affect the people in low class society.
What is being banned entirely? It will never be banned. They are very important. Paper money is the real money, not even digital money’s. Digital money is just a copy of the real money (paper money) into electronics so that they be easy to use for distant and close transaction. So they can’t be banned.Digital money is just an upgrade but our freedom to use paper money should not be taken from, instead that should only give us an option to choose
which to use.
I don't think that the paper money will be banned entirely as i feel it as something foolish even if some of the government are trying to implement complete digital currency i don't feel they will ban paper money as it will affect the people in low class society.
What is being banned entirely? It will never be banned. They are very important. Paper money is the real money, not even digital money’s. Digital money is just a copy of the real money (paper money) into electronics so that they be easy to use for distant and close transaction. So they can’t be banned. The future of paper money will continue to survive until whenever, not all things can be eliminated, the current example is a book from the paper can still survive though whitepaper easier to use.
Everything has importance by its own place and paper money have also respect and value by its own place because when there was no concept of bitcoin in market so everyone they were using a paper money and it help them a lot but now a days everything is going digital so bitcoin is also one of the example of it and it make life easy of people because it provide a lot of opportunity for earning and people are taking advantage’s from it. 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?
Paper money is a popular currency today, and it is unlikely that virtual money will pass through paper money as a common currency. The future of virtual money is much broader than paper money, no more social paper money is a thing not far 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?
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 believe that coming virtual currencies like Bitcoin will dominate the market in many developed countries, the future of paper money is very dim, I'm not sure that many years it will die, but it will be done. faded by virtual currency development 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 think that the future of the paper money. Maybe in the future, we can do transaction with bitcoin. Just wait for many time. Notice, be patient guys 
I think if the big countries already supported bitcoin then I would say that bitcoin will be the king and the paper money will ends.
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?
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?
Over time the paper money will be abandoned and switch to krypto money. but not for now. Because some people still use paper money as a mandatory standard to conduct transactions.
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