Topic: The future of the paper money - page 69. (Read 416603 times)
since ancient times people have used paper money for exchange, so paper money will never be replaced. bitcoin is the future that can be used as paper money to shop. bitcoin I think is the right way to get rich because it can be used as paper money. so bitcoin as an intermediary, not to replace paper money
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.
I believe that paper money will not disappear anywhere, as there should always be an alternative in the event of a crash or system failure. I have all the finance allocated equally between paper money and crypto currency.
governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
As of now governments were starting to do a review regarding this system how can they use this to improve their own country , which means they are open for the possibilities and potentials of bitcoin but I will stand in the fact that paper money will still run in different nation since we cannot force every people to use bitcoin for their daily lives and it also has limitation in which oayment will take a bit long when bitcoin is the currency in the sense that that we will open the gadget , connect to a wifi so on, unlike in paper money you will just give and goodbye.
Paper cash will of program exist in the future, there is no reason that it is going to vanish in the foreseeable future.We all know of system that online funds and Bitcoin and many others is likely to be far more well-liked but that will not change the paper money.
governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
As of now governments were starting to do a review regarding this system how can they use this to improve their own country , which means they are open for the possibilities and potentials of bitcoin but I will stand in the fact that paper money will still run in different nation since we cannot force every people to use bitcoin for their daily lives and it also has limitation in which oayment will take a bit long when bitcoin is the currency in the sense that that we will open the gadget , connect to a wifi so on, unlike in paper money you will just give and goodbye.
Cash is being displaced in so many ways that it’s hard to keep track. There are credit cards and electronic payments; apps such as Venmo, PayPal and Square Cash; mobile payments services; cryptocurrencies that operate outside the purview of central banks; and localized offerings such as Kenya’s mPesa, India’s Paytm and Bangladesh’s bKash. These innovations are encouraging cashlessness across communities worldwide. Cash will likely become less popular, thanks to the high cost of using cash and the growing array of alternatives. But I expect it will remain with us forever. The future will be “less cash,” rather than cashless.
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.
As of now paper money is still more useful than bitcoin because most of the people are not yet familiar to bitcoins. But as the bitcoin economy grows, people would now like to use money on online. Another reason is because we are becoming more technologically improved.
The future of paper money is not looking good. Yet people still believe in it and think more needs to be printed. Oh well, they are the ones that will be left behind when the new economy takes shape.
I think that in the future we completely abandon paper money. Now in some developed countries you can pay everywhere without cash using just a credit card. And with the development of crypto money it will be easier to do.
For big countries and countries that have a good technology like USA and Japan will abandon the paper money for sure. Maybe in the next 5-10years people on that country will not using paper or coin money again and using a digital money, on a card or using their handphone.
I think that in the future we completely abandon paper money. Now in some developed countries you can pay everywhere without cash using just a credit card. And with the development of crypto money it will be easier to do.
It will still take years before we could totally wipe out paper money. Just remember, those are just on "developed countries" as you've mentioned. How about those places where people don't even hold a cellphone or those ethnics who are still using barter?
The development in the world is not equal, so I think it won't even if developed countries are using digital money, on the other side, they will still be using the classic fiat.
I think that in the future we completely abandon paper money. Now in some developed countries you can pay everywhere without cash using just a credit card. And with the development of crypto money it will be easier to do.
governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
There are various system in terms of governemnt. So there are still possibilities for paper money to get involved in the bitcoin system. Because as a crypto-currency that deal with transactions it also needs a basis of value which is the dollar to it to have value for investments and trading. So it would be a good thing for both Bitcoin and the fiat if it become the time where it would help each other to experience development and growth.governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
As of now governments were starting to do a review regarding this system how can they use this to improve their own country , which means they are open for the possibilities and potentials of bitcoin but I will stand in the fact that paper money will still run in different nation since we cannot force every people to use bitcoin for their daily lives and it also has limitation in which oayment will take a bit long when bitcoin is the currency in the sense that that we will open the gadget , connect to a wifi so on, unlike in paper money you will just give and goodbye.
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
I think this would be the one that will happen. Paper money will co-exist with digital money because it is hard to totally eliminate fiat money if not everyone will be able to use it. There are still so many people in the world who don't have the gadgets needed to access cryptocurrency. Paper money is still needed though it may be reduced and then the expenses to make paper money would be reduced as well. The expense of producing paper money is getting higher so it would be wise to reduce it by having digital money because there would be a little cost of producing it.
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
I think this would be the one that will happen. Paper money will co-exist with digital money because it is hard to totally eliminate fiat money if not everyone will be able to use it. There are still so many people in the world who don't have the gadgets needed to access cryptocurrency. Paper money is still needed though it may be reduced and then the expenses to make paper money would be reduced as well. The expense of producing paper money is getting higher so it would be wise to reduce it by having digital money because there would be a little cost of producing it.
It's possible to draw a parallel with the use of electronic books. So, they are very popular today. On the one hand, it is very convenient to use it, on the other hand, some people do like to hold a book in their hands, to feel its smell. The same picture can be seen, if to speak about electronic money. They can exist, be in need, but not all the people would be ready to get rid off paper money.
I don't think so that paper money will be replaced by digital currency. Paper money is use in daily transactions offline and digital currency is for online of course so they have their own different functions. We know that cryptocurrency is not yet fully accepted in some countries so they don't have any other choices but to stick and still choose the usual and common way.
I guess even people in the golden era dont think that paper money will replaced metals as a mode of payment. The world is changing so do the things that people are using. Nothing is permanent except change.
The future of paper money is looking bleak as it continues to fail on the centralized system it runs on. Bitcoin is decentralized and open source and voluntary therefore it is on it's way to replacing the dollar.
It's on its way of revolutionizing the world.
Countries are scratching their head because they can't just deny that this technology is much much better than the previous. This is so advanced that Satoshi gave us a cake that never been tasted this good. In 3 years some countries will replaced their traditional fiat system in my opinion.
I personally don't think paper money will completely disappear any time in the near future. It is true that electronic transactions have become more and more common over the last few decades and I see no reason why this trend will not continue. We may even get to the point where paper money transactions become incredibly rare - for some, they already are! At that point, the tables could turn and what we now consider paper money may actually act as the backing to our electronic currency, the way the gold standard once backed paper money. But even this scenario is difficult to picture, in part because of how we have historically placed a value on paper money.
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