Topic: The future of the paper money - page 4. (Read 416598 times)
Now a days crypto currency are strongest and highest value of any currencies in the world. The future of paper money will be stable, they say that if a country adopt the crypto currency the paper money will reduce. But for me crypto currency is just like a credit card that you don't to bring your all money or paper money to buy but you could pay in the way of credit card.
I think peopel who managing our countrys do not need any intrerest to incorporat bitcoin and cryptocurrency .
This peopel canot work with things like bitcoin because they canot controll taht and regulate it like they do with fiat.
Paper money will be for ever i think .
This peopel canot work with things like bitcoin because they canot controll taht and regulate it like they do with fiat.
Paper money will be for ever i think .
I like paper money but understand that someday everything will change into digital when people develop systems that can't be hacked easily.
Yes everything will change in digital world and business dealing will work in digital currency, so i think paper money will lose their value, so i think digital currency will very easy for people because paper money can easily steal but digital currency is secure and more beneficial.
I like paper money but understand that someday everything will change into digital when people develop systems that can't be hacked easily.
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?
Why it is necessary to replace the usual currency with bitcoin. I think if bitcoin will go in parallel with the usual money, nothing terrible will happen. In any country there is a currency, and if the bitcoin is added it will be excellent too. You can use both bitcoin and another currency. 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 future of the paper money will still be good because the paper money can not be in a change by the digital currency, because of how where was the paper money will still be the most in interested in because it isn’t complicated for in can and everyone could find paper money without the need to buy a computer and smartphone not everyone was able to buy it
Paper money is still too suitable for this social stage because of simplicity, we do not need an intermediary devices in the transaction process, we can use directly with people quickly and conveniently, no class distinction and acceptable everywhere. However, things will grow and change over time, people will also be more modern, perhaps paper money will gradually be eliminated or reduced in number of users, this is necessary and must happen because society and life can not stop at one point, it needs to grow and move forward
The future of the paper money content our history so still we will use paper money to buy some goods stuff for ourselves, although many people use credit card for buying . They might have people content to use paper money as there prehistoric in our society.
The future of the paper money will still be good because the paper money can not be in a change by the digital currency, because of how where was the paper money will still be the most in interested in because it isn’t complicated for in can and everyone could find paper money without the need to buy a computer and smartphone not everyone was able to buy it
Paper money is still too suitable for this social stage because of simplicity, we do not need an intermediary devices in the transaction process, we can use directly with people quickly and conveniently, no class distinction and acceptable everywhere. However, things will grow and change over time, people will also be more modern, perhaps paper money will gradually be eliminated or reduced in number of users, this is necessary and must happen because society and life can not stop at one point, it needs to grow and move forward
The future of the paper money will still be good because the paper money can not be in a change by the digital currency, because of how where was the paper money will still be the most in interested in because it isn’t complicated for in can and everyone could find paper money without the need to buy a computer and smartphone not everyone was able to buy it
Precisely, that's the rationale I settle for in spite of the actual fact that anon the pattern are on the online or advanced money nevertheless at a similar time larger a part of the final population Are utilizing paper money since it's less complicated and it's tough to instruct people to utilize on-line cash. This will simply provide U.S. another various for exchange and processed cash actually facilitate because the world is moving quickly of late.
Paper money was first used in China, it is unique nowadays the Chinese government plans to replace paper money with digital money, but I'm sure that whenever paper money will survive due to many considerations.
Yes I agree, many people predict that paper money will disappear soon and be replaced with digital money or cryptocurrency, but I'm optimistic that any paper money will survive because paper money can be used for direct transactions.
Paper money was first used in China, it is unique nowadays the Chinese government plans to replace paper money with digital money, but I'm sure that whenever paper money will survive due to many considerations.
Paper money will be banned entirely? it could happen.
Replacing the conventional money with bitcoin or the other is not something easy. It could have happened but it would take a long time maybe around 50 years. Because there are still many poor areas that are not familiar with technology and will definitely need a step slowly introducing the technology to the step of introducing bitcoin.
The future of paper money is fully safe and secured.The paper money is being used all over the world and people use paper money for the day to day transactions and other works.Paper money is centralised so the government amd the central banks take good care of paper money and does everything to maintain its power.Paper money does not require any internet connection to get operated and can be used anywhere anytime.Itcan be used by even an illiterate unlike cryptocurrencies which are highly complex and require internet. Replacing the conventional money with bitcoin or the other is not something easy. It could have happened but it would take a long time maybe around 50 years. Because there are still many poor areas that are not familiar with technology and will definitely need a step slowly introducing the technology to the step of introducing bitcoin.
Paper money will be banned entirely? it could happen.
Replacing the conventional money with bitcoin or the other is not something easy. It could have happened but it would take a long time maybe around 50 years. Because there are still many poor areas that are not familiar with technology and will definitely need a step slowly introducing the technology to the step of introducing bitcoin.
perhaps paper money will come out of use, and replace them with Bitcoin. But you think how the children and the elderly will treat the crypto currency. It will be very difficult for them and this situation will create huge problems. Replacing the conventional money with bitcoin or the other is not something easy. It could have happened but it would take a long time maybe around 50 years. Because there are still many poor areas that are not familiar with technology and will definitely need a step slowly introducing the technology to the step of introducing bitcoin.
If bank made paper money that mean bank owner of that money and you country owner in that paper money which has printed that and it will not ever private one because they always could control that.
Paper money will be banned entirely? it could happen.
Replacing the conventional money with bitcoin or the other is not something easy. It could have happened but it would take a long time maybe around 50 years. Because there are still many poor areas that are not familiar with technology and will definitely need a step slowly introducing the technology to the step of introducing bitcoin.
Replacing the conventional money with bitcoin or the other is not something easy. It could have happened but it would take a long time maybe around 50 years. Because there are still many poor areas that are not familiar with technology and will definitely need a step slowly introducing the technology to the step of introducing bitcoin.
Paper money will slowly die. This will take a long time and this is a remarkable progress, and right now some countries are already using more credit cards, etc. I think some other countries will also follow that goal to replace paper money in the future. Cryptocurrency also helps with that purpose. My biggest concern about digitizing our money is anonymity. Paper money is easy to use and anonymous because no one can track your spending. Many governments are interested in transparent citizens who can not hide anything so it's just a matter of time when paper money will die sooner or later.
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 would band entirely if ONE nation would hold us or keep us for using one only currenry for the entire nation which is BITCOIN. but if not? paper money would continue to serve to people unless there is a country it self making a self regulation to use only digital currency and ban totally for paper money.
If this gonna be happen I think they will make a good and safe regulation for their constituents for the better serving to people.
Digital currencies are efficient and very attractive to a lot of people who are seeking freedom in terms of their money and transaction but we all know that this currencies cannot be approved by the government to replace the usual fiat or currency
But people are not yet educated with this system, I still believe it takes a longer period of time to educate them and in the futureit's gonna be digital currency which will be the trend, having said that, I also believe that paper money will still be very useful as majority will still be using it.
Paper money is our future at my opinion. Those money will be improved and will not dissapear at my opinion. It's very stupid when you making digital currency in your country than fails and than default. 
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