The future of the paper money - page 6.

Questat

hero member

Activity: 2982

Merit: 610

Quote from: ?? on ??

bitcoin might become popular and many people using bitcoin. but it will not make the peper money to be disappearing. paper money is always welcome This is not ancient fashion. but paper money has existed since time immemorial.

Paper money will never be eliminated because it's very useful and there is no risk when you are using it unlike
bitcoin where value is so volatile and anyone can lose money if he does not understand it's nature, crypto is quite difficult to comprehend for
people who does not really need to use it, there are digital money which is more safer, they can use it if they are satisfied with the centralized system.

yanxuanyunshan4

newbie

Activity: 126

Merit: 0

Quote from: Huobi-USD on September 21, 2015, 02:23:32 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?

The study of digital currency is not about the application of the currency to achieve a certain technical solution, but it is essentially to pursue the convenience, convenience and low cost of the retail payment system. Security and privacy must also be considered. Several things that can be either billing is based on block chain or distributed technology, DLT based on the digital currency, can also be based on the existing electronic payment technology evolution.

With the development of the digital currency, it is not ruled out that things like paper money and COINS may gradually shrink in the future, and may not even exist one day.

atjiat

full member

Activity: 1204

Merit: 104

Quote from: bitcon on March 19, 2018, 01:50:47 PM

Quote from: Samk on March 15, 2018, 02:40:45 AM

THE FUTURE OF THE PAPER MONEY IS NOT SO BRIGHT. I THINK IT WILL BE REPLACE BY THE DIGITAL CURRENCY.

Although I share this viewpoint, I will tell you that not all fiat money will be replaced by crypto. some countries, especially in Africa, will never use digital money.

you need to give an example not only because you will need to think about the elderly people, who even today do not use credit cards. Based on this, we can conclude that electronic digital money for these people will simply not be available.

bitcon

legendary

Activity: 2212

Merit: 1008

Quote from: Samk on March 15, 2018, 02:40:45 AM

THE FUTURE OF THE PAPER MONEY IS NOT SO BRIGHT. I THINK IT WILL BE REPLACE BY THE DIGITAL CURRENCY.

Although I share this viewpoint, I will tell you that not all fiat money will be replaced by crypto. some countries, especially in Africa, will never use digital money.

Starone1

newbie

Activity: 139

Merit: 0

Quote from: ghost07 on March 18, 2018, 09:53:56 AM

I like the paper money because this is the usual money used to pay bills and other payment. I dont think paper money will be replace by cashless currencies like bitcoin ans othee coins.

Well you know they use of money only you are not aware of bitcoin benefits, nothing is hard in bitcoin, now we can use bitcoin as currency to buy all kind of good we can pay our bills within minutes, there is no need to wait in queue to pay your electricity bills, but if you will see fiat money it can take hours to come your number, so love bitcoin then bitcoin will love you back also bitcoin is safe to hold in high amount of bitcoin in your bitcoin wallet without any fear of robbing as it will be useless for them after you put your bitcoin in bitcoin wallet properly.

vina.lugtu

member

Activity: 392

Merit: 11

🚀🚀 ATHERO.IO 🚀🚀

Paper money will always be the most common used of payment in the near future. The only difference is that it will be used less because there will different type of payments. Credit cards will be used more because banks will provide a long term payment for credit card debts. Bitcoin will be used to purchase things and majority of malls and groceries will accept bitcoin as payment. Some might prefer payment using bitcoin because it keeps on increasing. Its like selling and investment at the same time.

Akupuniard

sr. member

Activity: 406

Merit: 250

Paper money is already old thing but it's not bad and i can't see any reasons to change everything into digital currencies. If something will happen people will tell what to do to their government.

BCSHonda

member

Activity: 392

Merit: 10

I think paper money and bitcoin will be used concurrently. Depending on the needs of human use they use whatever currency they like. But now, the world is growing, everywhere there are internet, the use of bitcoin is also easy. And I think, bitcoin will be used more than paper money but does not mean that paper money will be completely lost and not traded.

ghost07

sr. member

Activity: 602

Merit: 255

I like the paper money because this is the usual money used to pay bills and other payment. I dont think paper money will be replace by cashless currencies like bitcoin ans othee coins.

Kita Kita

full member

Activity: 406

Merit: 100

Quote from: ?? on ??

The use of digital money continues to grow, we can see that almost all transactions do not want to receive cash and must use digital money so I'm sure that the future of paper money will soon disappear.

I do not agree with you that the paper money is we will disappear in this wolrd, because even digital currency is becaming popular it is can not still make paper money dissapear because almost all people in this world is prefer using paper money so there is no doubt that the future of paper money is we will be stable.

summit26

jr. member

Activity: 163

Merit: 1

Upon predicting the future, bitcoin and real money will exist simultaneously. Because real money will still be used by the people for those who can not afford to buy bitcoin or to avoid the transaction charge or fee if you transact using bitcoin. However, bitcoin will continue to grow since it will become accepted worldwide due to going to a modernized society.

mi56374100

newbie

Activity: 168

Merit: 0

Electronic money, or financial derivatives, bills, and bitcoins, all depend on credit, and are produced in financial institutions, without credit. Therefore, the concept of electronic money can not escape the category of paper money.

Electronic money has a fatal flaw. If money is fully virtualized, then terrorists can destroy the world's economy by developing a virus that is powerful enough.

So paper money never dies.

paynercash

member

Activity: 392

Merit: 10

send and receive money instantly, with no hidden c

I think paper money is eternal, even if electronic money is growing, they are still risky, and there are many limitations in this life. If digital money replaces cash completely, blind people who do not know how to use the technology they will use. I insist the paper money will last forever. And money is just support for paper money.

Alijiindahaus

member

Activity: 406

Merit: 11

Quote from: ?? on ??

i think that it is pretty easy to understand that in future there will be less and less paper money in use, while everyone use credit cards or even bitcoin, of course they still will be in use, but not that often as today.

this situation will change unequivocally, but only by as much as the elderly population of the planet will quickly decrease. old people generally can not accept using credit cards, And I'm not talking about crypto currency.

pogiparin

jr. member

Activity: 140

Merit: 2

In the first place, why could countries ban paper money? Currently, it is the most flexible and divisible form of money. It is easy to transfer from one bank to another and central banks could generate money by printing it (assuming they provided a monetary policy). Replacing fiat money with electronic-based money poses many threats. Hackers could easily go in and out as invading one's privacy online is much easier that to rob a bank.

Memminger

sr. member

Activity: 540

Merit: 252

Quote from: Huobi-USD on September 21, 2015, 02:23:32 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?

We are so mosernized but I disagree of eliminating paper money. Not everyone could afford digital devices to use as their process of payments. The government must think that not everyone that lives in one country are all earning enough money to support their wants and their needs.

Though the idea is really good and it's purpose is clear, it is still hard for us to process everything online or digitally. Some of us are still digital illiterate and is unable to handle devices.

sopromat

full member

Activity: 353

Merit: 100

I am sure that the future of paper money will continue to improve although the use of digital money continues to increase, this is because all transactions can be done with paper money but not all transactions can be done digital money or cryptocurrency.

hagiyatmaz

member

Activity: 168

Merit: 10

If we look at the history of money, in the initial days, there was no concept of money and only one type of good was exchanged for another type. Through the evolution of time, the concept of bond or agreement to pay the borrower in future came forward.This idea changed the way we exchange our services for another. Instead of directly being paid with equivalent amount of another substitute we were given paper notes which became the medium of exchange.So going in this way, the future of paper money isn't very illustrious, cause it is very susceptible to damage by natural and man-made(e.g robbery or fake notes etc) causes. So I think the future money will be digital, where the concept of bearing liabilities would be the main theme without any real exchange of material stuffs of any kind.

Hexon

newbie

Activity: 25

Merit: 0

Paper money will gradually disappear in the market, as the growing population and pollution, resulting in the need for reforestation. And also with the development of Blockchain technology lately, encourage the government to learn to implement the tech, because the world got crowded, and numbers of trading records kept growing day after day. Without Blockchain tech the government won't be easy to answer the problem. I think paper money will last till another decades.

Klestar

full member

Activity: 210

Merit: 100

Paper money will have not that bad future and that is because there are still a lot of people that is using paper money as their payment method and that is really nice of course.
There are also a lot of people that dont even know how Bitcoin works and that is the problem of it so it has to be more popular.

Topic: The future of the paper money - page 6. (Read 416615 times)