well it is impossible to be ban the paper money because it has so many use in this country using bitcoin is more risky in using it as currency because there are so many things that bitcoin encounter. problems in transactions like that. so the future of the paper money is still the same bright.
The price and the importance of the bitcoin is increasing and according to me if the bitcoin or the digital currency will become more famous in this era then the paper money will become the part of the history in different countries. For me it is more easy to use the digital current than using the paper money because it is getting more space and easy to pay even staying at home sp I think the coming time is the time of the digital currency. 
Topic: The future of the paper money - page 74. (Read 416603 times)
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?
i think its a longer time if it will happen the paper money is entirely banned in the future, because until now many people located at the mountain aria is actually even paper money didn't know what is paper money, so may be in the next generation or towards the end nobody knows,
Paper money will be here for a long, long time. At least a century. Why? Because most people are used to it by now, and so are the kids. And they will teach their kids to use it.
Yes that is why paper money will still on the lead in the future for sure, but we can see that bitcoin is really making way just to be a other source of money and way of transacting thru online. I can see that bitcoin in the future will make a big impact on our financial system.
Paper money will be here for a long, long time. At least a century. Why? Because most people are used to it by now, and so are the kids. And they will teach their kids to use it.
Paper money being banned entirely will be impossible,then if it will happen im pretty sure by that time government will be out also.Even if bitcoins will gain more popularity and praises from users and people in future paper money will never be gone ,
This is only unless if the monetary system of the world will not change or when the government does not create a altcoin like etherium to be like a digital cash. Imagine if they announced something like " We are going to turn dollar to digital cash and any form of digital cash except dollars in the USA will be prohibited or something like that. To do that they will feed people lots of wrong information about bitcoin and then they will poison the mind and hearts of every people and then some countries will follow that step " every country is turning their money into digital cash and then bitcoin will reduced its market cap and its price will go down.
But I guess that's unlikely to happen because bitcoin is the leading pioneer in these state and before they are going to turn their money into digital cash I think everyone will know about bitcoin and they will fight for their wants to make this digital cash as a reserve or as a digital currency not mentioning that some well known countries are open in regulating BTC. Im seeing bitcoins price in a 5000 dollars mard this year.
This still depends on time and place " maybe 5 years from now " cryptocurrencies already replaced fiat in some countries and to the third world maybe in the next ten years.
Right now let's enjoy converting cryptocurrencies to fiat and vice versa.
Paper money will exist, because that people with organic opportunities themselves can not use electronic currencies and this will be a problem for a sufficient number of people.
Same thought that happened a decade ago where people thought that this is it the medium of money is gold and as time passes by, it became a fiat, and now we are going to digital age.
No one knows what lies ahead, even cryptocurrencies might be replaced in a thousand years time.
you can't imagine the world without paper money, it is impossible to ban paper money for ever. do you know how many people are using plastic money and card?
I think this number is very small in comparison to the whole population. and virtual currency also being used by the small number of people. most of the people are feeling comfortable to keep or use paper money still now. regarding paper money, only security is the problem in order to carry out, but for me, still, there is nothing to be a replacement for paper money. so it will last for ever.
Most money now is in electronic form than in cash form about 7% of all the money of the world is in the form of cash the rest are just a bunch of numbers on the databases of banks and governments so I think we are closer to the elimination of cash as a form of money than what you imagine.I think this number is very small in comparison to the whole population. and virtual currency also being used by the small number of people. most of the people are feeling comfortable to keep or use paper money still now. regarding paper money, only security is the problem in order to carry out, but for me, still, there is nothing to be a replacement for paper money. so it will last for ever.
you can't imagine the world without paper money, it is impossible to ban paper money for ever. do you know how many people are using plastic money and card?
I think this number is very small in comparison to the whole population. and virtual currency also being used by the small number of people. most of the people are feeling comfortable to keep or use paper money still now. regarding paper money, only security is the problem in order to carry out, but for me, still, there is nothing to be a replacement for paper money. so it will last for ever.
Most money now is in electronic form than in cash form about 7% of all the money of the world is in the form of cash the rest are just a bunch of numbers on the databases of banks and governments so I think we are closer to the elimination of cash as a form of money than what you imagine. I think this number is very small in comparison to the whole population. and virtual currency also being used by the small number of people. most of the people are feeling comfortable to keep or use paper money still now. regarding paper money, only security is the problem in order to carry out, but for me, still, there is nothing to be a replacement for paper money. so it will last for ever.
The future of paper money is well known by all of us here 
As we saw so far, banks introduce more and more mobile systems payments, more credit cards and stuff like that. All of that things are already introduced and are developing. The simple case is new Iphone X, with whom you have to pay only by showing your face.
How about crypto? I'm not sure, it will happen but who knows when? It definitely has started already, must be only(not so simply) accepted and finished.
Paper money will be banned entirely?
In booming economy higlhy possible.
How long do you think that happens?
Max 20 years.
would it work?
Hopefully.
What security and privacy risks would it raise?
Fraud mainly and things which we know nowadays.( for example stolen card number)
And how would public and privately issued monies interact?
Everything will be more public and less private it's essential to more security.
As we saw so far, banks introduce more and more mobile systems payments, more credit cards and stuff like that. All of that things are already introduced and are developing. The simple case is new Iphone X, with whom you have to pay only by showing your face.
How about crypto? I'm not sure, it will happen but who knows when? It definitely has started already, must be only(not so simply) accepted and finished.
Paper money will be banned entirely?
In booming economy higlhy possible.
How long do you think that happens?
Max 20 years.
would it work?
Hopefully.
What security and privacy risks would it raise?
Fraud mainly and things which we know nowadays.( for example stolen card number)
And how would public and privately issued monies interact?
Everything will be more public and less private it's essential to more security.
Although the use of digital money, debit cards and debit cards is getting massive, but I'm sure that paper money will continue to exist and can survive, this is because the government and the state will continue to protect paper money.
I think so ' we all need paper money and I think even there's have a digital money or credit card we also use paper money, and it will never gone for the future. 
Although the use of digital money, debit cards and debit cards is getting massive, but I'm sure that paper money will continue to exist and can survive, this is because the government and the state will continue to protect paper money.
I think so ' we all need paper money and I think even there's have a digital money or credit card we also use paper money, and it will never gone for the future. 
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?
my answer is consecutive to your questions.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?
It's possible
but will not last long (depends to the state of life of an individual)
It will work but not to all.
There will be many hackers that will attempt to hack bitcoin holders.
It will become complex.
Paper money will not entirel die buh gradually it will be wiped out of the system Paperless system will take over and crypto is here to stay
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.
well paper money stays forever because paper money is some thing that seem necessary to run on market. and government leader are to much busy in their luxury life that they would never have time to focus on bitcoin stuff and find new for corruption through it, they are good on paper money. 
Although the use of digital money, debit cards and debit cards is getting massive, but I'm sure that paper money will continue to exist and can survive, this is because the government and the state will continue to protect paper money.
I think so ' we all need paper money and I think even there's have a digital money or credit card we also use paper money, and it will never gone for the future.
i think no future for paper money only future for virtual money or real one (gold or silver )
Although the use of digital money, debit cards and debit cards is getting massive, but I'm sure that paper money will continue to exist and can survive, this is because the government and the state will continue to protect 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.
Well I think they are not interested cause they dont see any potential in bitcoin ehich they can control bitcoin is centralized all the money that each of the forum user has been earning were distributed by their hands not with a certain leaders think thats the reason why governments dont see bitcoin for coopertive act toward a change.
I think that paper money will never disappear. No government will want to completely switch to the digital currency, as this will bring chaos to the economy of the country. Now the material value in each country is determined by the annual gross income and gold stock. Proceeding from this, the country's economy is being built, a certain amount of paper money is printed. What to build an economy, if you switch to a digital currency?
I think paper money is very likely to disappear, what can replace paper money is digital money, digital money is certainly easier to control because the government has full access compared to paper money.
Paper money will stay forever.
Why? Because its easier to make than coins.
Why? Because its easier to make than coins.
The paper money will exist forever because no matter how many bitcoin we have keep in our wallet in the end we will convert it into cash. Many people around the globe dont know how to use bitcoin and they dont know how it works especially the uneducated or the poor who not even know how to use computer for digital transactions.
I think that paper money will never disappear. No government will want to completely switch to the digital currency, as this will bring chaos to the economy of the country. Now the material value in each country is determined by the annual gross income and gold stock. Proceeding from this, the country's economy is being built, a certain amount of paper money is printed. What to build an economy, if you switch to a digital currency?
I think paper money is very likely to disappear, what can replace paper money is digital money, digital money is certainly easier to control because the government has full access compared to paper money. Jump to: