The future of the paper money - page 47.

ricardobs

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Quote from: Trela on November 26, 2017, 02:44:07 PM

Quote from: JohnBitCo on November 25, 2017, 07:19:45 PM

Quote from: Huobi-USD on September 21, 2015, 03:23:32 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?

So you're trying to say replacing bitcoins with paper money? Is that so ? It will never ever happen money can't be disappear. First of all you need money to buy bitcoins after that you invest with it. If the money got disappear where you guys bought the bitcoins? If you think there will be only bitcoins then thats almost impossible as there Internet is not accessible everywhere, not in every village and every corner of the world.

Second one its a digital currency nobody can control it and it have no fix price. Government never will want such currencies which are out of their control.

1. We can using Bitcoin as the primary currency for the world's economy, there is no problem as long as all people accept Bitcoin.
2. Yeah, the government never accept Bitcoin, they never want to use a currency can not control by them, it is risky for the world and also for them.

Hmmm, some people are saying they don’t want cash anymore. Well, that will be really nice, at least when bad boys steal our phone they will also be stealing everything we have if our phone has our Bitcoin wallet in it, very good, I know most of you wants that. Lots of people will start learning hacking, so that they will be able to hack wallets and steal bitcoins from them.

I know most of you will really like that; loosing everything you have in the hands of hackers. Think twice! We can’t do without cash and bank, they will always be needed, only a fool says he don’t need them.

alexei635

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ARCBLOCK - Born for Blockchain 3.0

Fiat is freedom. Governments don't need to. Now we are more likely to use debit cards. Cryptocurrencies will only hasten the process of replacement of the Fiat. But in less developed countries and on the illicit market Fiat will be long

Trela

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The Decentralized TCP/IP Internet Protocol

Quote from: JohnBitCo on November 25, 2017, 07:19:45 PM

Quote from: Huobi-USD on September 21, 2015, 03:23:32 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?

So you're trying to say replacing bitcoins with paper money? Is that so ? It will never ever happen money can't be disappear. First of all you need money to buy bitcoins after that you invest with it. If the money got disappear where you guys bought the bitcoins? If you think there will be only bitcoins then thats almost impossible as there Internet is not accessible everywhere, not in every village and every corner of the world.

Second one its a digital currency nobody can control it and it have no fix price. Government never will want such currencies which are out of their control.

1. We can using Bitcoin as the primary currency for the world's economy, there is no problem as long as all people accept Bitcoin.
2. Yeah, the government never accept Bitcoin, they never want to use a currency can not control by them, it is risky for the world and also for them.

bitcoinmaniac52

sr. member

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Presale is live!

Paper money is still king from a global standpoint and there is no doubt that it is here to stay until cryptocurrencies become a lot, LOT more popular.

JohnBitCo

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Quote from: Huobi-USD on September 21, 2015, 03:23:32 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?

So you're trying to say replacing bitcoins with paper money? Is that so ? It will never ever happen money can't be disappear. First of all you need money to buy bitcoins after that you invest with it. If the money got disappear where you guys bought the bitcoins? If you think there will be only bitcoins then thats almost impossible as there Internet is not accessible everywhere, not in every village and every corner of the world.

Second one its a digital currency nobody can control it and it have no fix price. Government never will want such currencies which are out of their control.

Sanitough

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Quote from: explosion on November 25, 2017, 11:37:25 AM

I guess paper money will disappear in no less that 100 years. During this time it will be used in parallel to crypto money

Digital money will replace paper money and not crypto money, that is not something the government can control if it would happen
so they will not gonna allow it. Bitcoin is a success but without the support of the government, it will not be use by majority of all people in the world.

explosion

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I guess paper money will disappear in no less that 100 years. During this time it will be used in parallel to crypto money

Activitycoin

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Quote from: Md.Sufian on November 23, 2017, 04:42:04 PM

People are now interested in trading online. Bitcoin Forum Project is one of the most popular online media platforms. The speed at which online activities are going forward I think the paper money will be difficult to find in the future. So people will deal in the future through online.

I think paper money have its own value and it’s also very respectable in world but on other hand it’s also a fact that everything is going digital and bitcoin is also one of the example of it so everyone they want to make its life easy and comfortable because bitcoin provide all those facilities which was a dream for a common man so I think bitcoin is now much more better than paper money in future bitcoin will be on the top of all currencies.

Purno99

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if in my opinion paper money anytime remain used because paper money is one of the tools of transaction in terms of sale and purchase that has been legalized and issued by national banks that have been listed in laws that have been made by the government.

Alalex

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The future of paper money supports our conversation, who does not know what paper money must know what money is. we have banknotes day by day now we can also use the btc currency that many gigemari around the world now this currency becomes part of our economy, because we can have it easily then we can build a pond and mine to invest some of our money. Because there are plans that we want to develop for the future. we must have prepared the way to achieve our desires.

mornabo

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Quote from: jessicawelsh on November 25, 2017, 12:16:04 AM

Paper money is still used but should only be used in low-income countries. In developing countries they rarely use paper money and only use credit cards

yeah i think in most developed countries, their people are sophisticated they prefer to use credit cards to shop at supermarkets or merchants, but I'm sure the world will change and the country that is still not advanced will over time will follow the technological advances and paper money will be less frequent used,,

PMmesexycoins

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Stake's discord https://discord.gg/cZhK9vp

Quote from: jessicawelsh on November 25, 2017, 12:16:04 AM

Paper money is still used but should only be used in low-income countries. In developing countries they rarely use paper money and only use credit cards

I'm from a developing country and most people still use paper money. You do understand many of these regions don't have consistent supply of electricity, never mind internet.

Alalex

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The future of paper money is also good because this paper currency is official in the government of the country, for the disbursement of currency btc paper currency needed in the exchange process. These paper currencies are called daily currency / in everyday use whereas btc currency is used as firefox currency which is used through online payment tecnelogi world. we can earn lots of paper money by investing a lot of our bitcoin, and attend the awards program for the whole pool / I join the fundcru gift campaign because that's how I add my assets.

Dozer988

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Quote from: Huobi-USD on September 21, 2015, 03:23:32 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 think future paper money will be eliminated and replaced by online payments via smartphone or possibly visa.

jessicawelsh

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Paper money is still used but should only be used in low-income countries. In developing countries they rarely use paper money and only use credit cards

Lubang Bawah

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Changing times happen quickly, various analysis says that digital money will soon replace paper money. I think this is natural because the use of paper money get many weaknesses so that the future of paper money is coming to an end.

mark_salcedo618

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bitcoin will definitely be the future money and I do believe that the papermoney will be phase out soon. Digital currency will be the replacement of transaction.

Sled

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Bitcoin- in bullish time

Quote from: karanggatak on November 23, 2017, 06:12:42 PM

i think paper money cant be replace by digital money. but if digital money walk beside of paper money, it sound good.
many country rejected virtual because of the existence. prone of hack, we can forgot our password too so it danger for us. and for government people, it can be money laundry that can difficult to track people who make cheat

Of course those are the things that makes the paper money stronger than digital currencies like bitcoin and other cryptocurrencies. Bitcoin and other crypto will still exist but they will remain for being an option or something like back up for the money that we have right now because they are limited and that kind of characteristic is not enough for the world to be supplied continuously.

yuto7

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A bill wouldn't disappear perfectly from now on, but it's apparent that it isn't used any more mostly.

DamnationKiss

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Paper money will not cease to exist simply because federal government will not let it occur. As easy as that. We could use bitcoin ut Ido nt believe we'll have enoughoinfluence to eliminate the government backed document money. They continuously printing and we will continue to use it also f we have bitcoin to depend on. Bitcoin will undoubtedly be an alternative, a much bette alternative.b ir

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