Topic: The future of the paper money - page 77. (Read 416603 times)
Paper money was disappering even before bitcoin, now with all the crypto moneys, i dont see any future for paper...
I don't think there will be much difference we need paper money to buy bitcoins and sell bitcoins for paper money and we need it for differences in all countries and lands that is how we live as one and not as two but bitcoin can make us one and not two that is what we need bitcoin.
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.
Indeed that is what i also think about the paper money. It is impossible for the paper money to be ban or not used by the people around the world because paper money is one of the most important thing for a person and if paper money will be ban and if it is going to be replaced by the virtual currencies then it might just be a chaotic situation because of the not sureness of its value because of volatility. 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.
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.
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 doubt paper money will be able to survive more then 50 years from now, we are already into the digital era, where you can do almost anything at your computer as well your phone. Before paper money we had gold and silver transactions and i doubt someone had thinked those would be over, and replaced by paper, each time evolution removes and improves soo i do expect the digital future, and crypto had boosted a lot those.
Gold and silver still not eliminated even though all the transactions are made in cash money or paper money (whatever you may name it). So even if bitcoin take over paper money in about 40 to 60 years, yet we cannot completely get rid of it. It will still be used in some parts of the world as mean of transactions , most probably in rural areas.
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 believe that paper money will not disappear, because there must be an alternative in the event of a global catastrophe or breakdown of the Internet. In addition, in poor countries it will be more difficult to introduce e-currency.
I remember the old topic here in the forum about the "Cashless Society" there is big possibilities that we almost enter that society now. In the social media almost crypto currency are what they advertising. Their are many people now are already familiar about crypto's and already know about it. I really do believe that we are now entering the crypto world where all things can really buy through digital money especially bitcoin. The future of paper money will soon be revealed, I'm sure that it will not last for longer more. Cash will replace soon.
Be realistic man. Crypto currencies are damn popular among those who are in any way related to technology but those who are not much into gadgets, latest inventions etc they won’t ever be ready to cashless. Crypto market is going to flourish much more in the coming years but you just can’t expect t to replace fiat forever. Since the whole world is digitizing day by day, one day will come when there is no need of paper money at all. People will be care free because they know they have digital currency.
Paper money have not that bad future and that is because there are now here still a lot of people that dont even know about Bitcoin and that is why they are using still their paper money as their payment method. And of course you can see that people is going to use Bitcoin more and that it also becomes more popular but it wont replace 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 ,
Everything will change, including with paper money. the time will come when paper money will disappear and be replaced with digital money or other technology. I'm sure 50 more years paper money will disappear.
Yes there are many changes may happens in the future including in the world currencies. But there is no possibility that paper money will disappear and replace with digital currency. Yes, we accept that bitcoin currency is very popular nowadays and many are using this but isn't enough a reason that it will replace paper money. They are both currency but bitcoin is applicable only for online transaction unlike paper money that can be used both local and online transactions. 
Still, paper money has the biggest credibility and acceptability in the market. people used to feel comfortable to use paper money for thier transaction purpose. electronic money can play an important role to replace the cash in the economy but it can be said that paper money will last for a long time because of its acceptability and availability. when cryptocurrency will dominate in the monetary system then the demand for cash will be decreased otherwise not.
To have money in a bank account, we still need cash, but every country's cash is printable and it is not limited. This is the problem. The unrestrained nature of cash will inevitably lead to inflation, which no one wishes.
Electronic money is considered as gold or diamond. To get it we have to "exploit" using complex algorithms. The more participants, the harder it is to exploit and it is limited, so its value will increase. => The inflation problem will be solved. I think the future of paper money will no longer prevail, and electronic money will solve every problem
Electronic money is considered as gold or diamond. To get it we have to "exploit" using complex algorithms. The more participants, the harder it is to exploit and it is limited, so its value will increase. => The inflation problem will be solved. I think the future of paper money will no longer prevail, and electronic money will solve every problem
Paper money will be banned entirely?
No it need more time to be banned
How long do you think that happens?
by end of 2060
What security and privacy risks would it raise?
new coins like bitcoin will come with high security
And how would public and privately issued monies interact?
that will make us depond more on our pcs , phones ,...........
No it need more time to be banned
How long do you think that happens?
by end of 2060
What security and privacy risks would it raise?
new coins like bitcoin will come with high security
And how would public and privately issued monies interact?
that will make us depond more on our pcs , phones ,...........
I think that paper money would still exist as it would make it possible to transfer money in places where there is not internet connection available as bitcoin requires an internet connection to be transferred.
Once people realize that it is much easier to transfer bitcoins through the internet they would start using it.
As I heard from a very smart people- USD is being used in the USA, bitcoin is being used in the global network.
Paper money will be banned entirely?
No it need more time to be banned
How long do you think that happens?
by end of 2060
What security and privacy risks would it raise?
new coins like bitcoin will come with high security
And how would public and privately issued monies interact?
that will make us depond more on our pcs , phones ,...........
No it need more time to be banned
How long do you think that happens?
by end of 2060
What security and privacy risks would it raise?
new coins like bitcoin will come with high security
And how would public and privately issued monies interact?
that will make us depond more on our pcs , phones ,...........
Paper money will stay forever.
Why? Because its easier to make than coins.
Why? Because its easier to make than coins.
Paper money is still there because bitcoin is made due to the needs in the digital world. Many of us is thinking what comes tomorrow because they are afraid that everything will be replaced by technology. However I'm still believe that paper money will last forever.
paper money will be only ink on paper if bitcoin solve long trans time with small fees
I doubt paper money will be able to survive more then 50 years from now, we are already into the digital era, where you can do almost anything at your computer as well your phone. Before paper money we had gold and silver transactions and i doubt someone had thinked those would be over, and replaced by paper, each time evolution removes and improves soo i do expect the digital future, and crypto had boosted a lot those.
Gold and silver still not eliminated even though all the transactions are made in cash money or paper money (whatever you may name it). So even if bitcoin take over paper money in about 40 to 60 years, yet we cannot completely get rid of it. It will still be used in some parts of the world as mean of transactions , most probably in rural areas.
I remember the old topic here in the forum about the "Cashless Society" there is big possibilities that we almost enter that society now. In the social media almost crypto currency are what they advertising. Their are many people now are already familiar about crypto's and already know about it. I really do believe that we are now entering the crypto world where all things can really buy through digital money especially bitcoin. The future of paper money will soon be revealed, I'm sure that it will not last for longer more. Cash will replace soon.
Be realistic man. Crypto currencies are damn popular among those who are in any way related to technology but those who are not much into gadgets, latest inventions etc they won’t ever be ready to cashless. Crypto market is going to flourish much more in the coming years but you just can’t expect t to replace fiat forever. Since the whole world is digitizing day by day, one day will come when there is no need of paper money at all. People will be care free because they know they have digital currency.
Jump to: