The future of the paper money - page 68.

reliable

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Quote from: bitcoinrays on October 04, 2017, 05:45:38 AM

Quote from: Sylenth on September 30, 2017, 10:23:13 AM

i don't believe paper money is going to extinct any time soon near future. though world is changing transactions are taking place digitally but still maximum no. of transactions occur in world are in terms of paper money.reason why paper money is so popular is that not everyone has access to online money ,people working on daily wages deals in paper money greatly.also there still a risk of fraud online and people feel secure when there is cash in their hand.Cash is unique among payment instruments in that anyone can transact, any time, any place, with no third parties involved. and can be accessed in all offline as well as online markets.

Bitcoin are definitely going to need some time in order to have complete control over world economy and the way they are increasing in value, I am pretty sure that bitcoin will replace paper money forever. The pace at which technology is advancing, internet will be highly common in next ten years which is ultimately going to make the use of bitcoin easier.

I think no government would allow their national currency to get in threat. If for them bitcoin start possessing the threat to their currency they would just ban it or make some stringent laws. So more over they could introduce their creation of the coin for their country and avoid using bitcoin and altcoin.

bitcoinrays

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Quote from: Sylenth on September 30, 2017, 10:23:13 AM

i don't believe paper money is going to extinct any time soon near future. though world is changing transactions are taking place digitally but still maximum no. of transactions occur in world are in terms of paper money.reason why paper money is so popular is that not everyone has access to online money ,people working on daily wages deals in paper money greatly.also there still a risk of fraud online and people feel secure when there is cash in their hand.Cash is unique among payment instruments in that anyone can transact, any time, any place, with no third parties involved. and can be accessed in all offline as well as online markets.

Bitcoin are definitely going to need some time in order to have complete control over world economy and the way they are increasing in value, I am pretty sure that bitcoin will replace paper money forever. The pace at which technology is advancing, internet will be highly common in next ten years which is ultimately going to make the use of bitcoin easier.

Ipwich

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Student Coin

Quote from: kachimasu on October 04, 2017, 03:30:39 AM

We can have paper money powered by crypto, instead of government institutions printing the money people can print it themselves

Well I guess that will not gonna happen so soon, people will still consider paper money that is regulated by the government a more safer one.
If you would ask me I would say that it's better to have bitcoin as an online currency than paper money because it it where it is known for.

kachimasu

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We can have paper money powered by crypto, instead of government institutions printing the money people can print it themselves

jhannlenris

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It's clear he does not understand how important paper money is. We cannot even live without paper money, and by the way, not all of us are living in an online world, we have brothers and sisters who live in a place where internet is not even recognize.

Your confidence is not back with reliable information, how would it replace paper money when currently only a little percentage of the worlds population are the users of bitcoin while we all use paper money. To reach that level of success is almost impossible, bitcoin might be the future of crypto currency but definitely not the future of money.

robotrobert

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Quote from: valuater on September 28, 2017, 01:36:04 AM

it seems like paper money will always be in the future but the difference is, in the future will have a competitor yes it's virtual money so people will use both money to transaction

This is something nearly impossible to see even after a long time period. Paper money has its own importance and it cannot be devalued by this digital currency. I think the ones who are using this paper money are even unaware of this concept of digital money. Paper money will be used in very similar fashion in the future as well.

tstang

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I am sure that cryptocurrencies will never 100% replace paper money... they should work perfectly together...

robchch

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European countries are already have a "war on cash". Only maximum EU500 cash transactions are allowed, however I don't know how they enforce this. We are moving more and more towards a police state system around the world. It will end in a revolution.

bncbnc

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Quote from: setupbounds on October 03, 2017, 02:06:23 AM

Quote from: betMaster on September 18, 2017, 09:14:21 AM

Paper money will always be the first choice of people. Dreaming about having a cashless society is way too far from coming true. The world of cryptocurrency is complicated for some people. I mean why would he bother himself to learn about cryptocurrency and transfers while you can do the same thing with the real money. If we hope to have cashless society in the future, we have to start thinking about ways to teach the coming generations from young age to grow old with it, but, the world is really busy with other things now like wars and nature disasters.

You are right that paper money has its own value and I think that it will not go to an end; I think that it is just an assumption or a hypothesis as we all know the importance of the paper money and the complications related to the digital currency.

It may be possible that in some parts of a country people may prefer to use digital currency but the paper money is still going to survive for long time.

that is absolutely right that paper money has their own importance and value, I also think like you that paper money will stay in the future and will not be abolished or disappear, because even if the bit coin will be an international crypto-currency. Even the developers do not have the power to control it. So it is concluded that as bit coin develops for the better transaction and security paper money will also develop for future needs.

Cavyanpo

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Paper cash employed to be required to have close to to do your everyday business about city but presently individuals desire to use credit score and debit playing cards to store about. In Scandinavia Norway, Sweden and Denmark are preparing to be the first 'cashless' societies where all of the transactions will be completed electronically. This will improve the stability of your funds and there will be much less opportunity of receiving robbed on the street

Biglistener

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Paper money will be gone in the future. When you consider it, it's 2017, but we pay a few products with money.

Also the organization bother that accompanies it for traders cash gathering is processed by banks. Like Costing worker hours, training and fuel. While electronic exchanges like bitcoin or a great bank exchange are much more proficient! This is way better

pginvest

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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?

I think there is a certain cohort of people that will resist the abandonment of paper money with their lives. They will, I suspect literally be clutching onto paper money until their last gasp.

There is also a policy difference between what we understand as bitcoin and fiat in most countries, Bitcoin has a fixed supply, central banks have a good deal of control over the supply of fiat and thus can control inflation etc.

Etaurith

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I think the eventual fate of paper cash were no change, in light of the fact that if this paper money were left in the market they had a probability that turn of the cash in the market were not progressed toward becoming parity. Additionally, if the advanced cash were known as essential money they had an inclination that paper money were pass on and disintegrate in the business.

Rosberger

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the eventual fate of paper cash, possibly simply change in appearance yet same rectangular frame with countenances of dead pioneers and numbers. One thing that im beyond any doubt of a monstrous swelling country by country that will make higher notes useless.

Asuka

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Quote from: mkhadazz on October 02, 2017, 08:40:14 AM

Paper money always exist. Because after all, physical form shows existence of a state in the real world. Cryptocurrency and others are just alternatives that have same benefits.

Maybe we all use crypto currency but 1 thing for sure. Paper money will always use especially in all store, its either restaurant or in any place we want to use paper money. So its not dis appear even we also have cryptocurrency.

ask

legendary

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Paper money usage dropping day by day since VISA-MC bomb. But the main problem was Credit Card fraud and Credit debts.
Bitcoin - (Crypto Money) is the only way for paperless money usage. And the best part is banks and goverment cant block your money due debts its totaly under your control.

setupbounds

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Quote from: betMaster on September 18, 2017, 09:14:21 AM

Paper money will always be the first choice of people. Dreaming about having a cashless society is way too far from coming true. The world of cryptocurrency is complicated for some people. I mean why would he bother himself to learn about cryptocurrency and transfers while you can do the same thing with the real money. If we hope to have cashless society in the future, we have to start thinking about ways to teach the coming generations from young age to grow old with it, but, the world is really busy with other things now like wars and nature disasters.

You are right that paper money has its own value and I think that it will not go to an end; I think that it is just an assumption or a hypothesis as we all know the importance of the paper money and the complications related to the digital currency.

It may be possible that in some parts of a country people may prefer to use digital currency but the paper money is still going to survive for long time.

edward222

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I think paper money and cryptocurrencies will continue to exist together for a very very long time, perhaps a cryptodollar will appear, backed up by a real currency reserve

Turiettly

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Paper cash is in use for a extremely lengthy time so this transaction to btc or something various will be extremely unpleasant so you should assume wonderful resistance, aged behavior..Paper cash is really great for tiny individuals, if you are very poor or never have money in bank account..

ubl11

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nowadays people are preferring non paper money to reduce risk and wastage of time to visit bank. every single person want to save time. the developmental work at non paper money reflects the future of paper money.

Topic: The future of the paper money - page 68. (Read 416603 times)