I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
Kinda true, but I see the advantage that if sooner bitcoin may be use as payment for transactions worldwide and paper money will be after it I think it os a good idea, the only thing I see why governments may reject the capabilities of bitcoin is that the power will take away from their hands and they dont like that so probably they will do some actions. 
Topic: The future of the paper money - page 80. (Read 416565 times)
Paper money will not be vanished because paper money is very stable in the guard by the state government and paper money has its own use although there are many who already use debit cards, credit cards and other digital money such as bitcoin, there are some transactions that are handled with paper money and transactions that are handled with debit cards, credit cards and digital money.
Paper money will always be the main currency as a payment method in everyday transactions in real world
I don't agree with you. Paper money is a relic of the past. Now every year it reduces the circulation of paper money. I'm sure this trend will lead to the fact that paper money will completely disappear. The state is easier to control Bank money and illegal profits can hide in bitcoin.Paper money will always be the main currency as a payment method in everyday transactions in real world
I have no problem with disagreement with you, but here I only give an opinion because there are still many countries that refuse cash payment for official payments could be paper money destroyed but it takes a very long time about tens of years to come, easier to Control if virtual money replaces paper money but countries that make virtual money decisions to replace paper money will be difficult to change the state financial system and change the rules of the state money trade into virtual money used.
It may take a very long time around 20 to 30 years if paper money vanish and it will probably only in developed countries, in still-developing countries it will be a few years longer than developed countries.
I may not be able to say that I don’t really like that paper money is going to disappear because the central government's financial system is strictly controlled
I may not be able to say that I don’t really like that paper money is going to disappear because the central government's financial system is strictly controlled
Paper money will not disappear, because in the event of a global catastrophe, the Internet will disappear and all electronic currencies disappear. Even in the modern world, paper money is still needed.
Paper money will not be vanished because paper money is very stable in the guard by the state government and paper money has its own use although there are many who already use debit cards, credit cards and other digital money such as bitcoin, there are some transactions that are handled with paper money and transactions that are handled with debit cards, credit cards and digital money.
Paper money will always be the main currency as a payment method in everyday transactions in real world
I don't agree with you. Paper money is a relic of the past. Now every year it reduces the circulation of paper money. I'm sure this trend will lead to the fact that paper money will completely disappear. The state is easier to control Bank money and illegal profits can hide in bitcoin. Paper money will always be the main currency as a payment method in everyday transactions in real world
Paper money will not be vanished because paper money is very stable in the guard by the state government and paper money has its own use although there are many who already use debit cards, credit cards and other digital money such as bitcoin, there are some transactions that are handled with paper money and transactions that are handled with debit cards, credit cards and digital money.
Paper money will always be the main currency as a payment method in everyday transactions in real world
Paper money will always be the main currency as a payment method in everyday transactions in real world
Well paper money is still used in currencies all over the world but I don't think that paper money has a bright future ahead with this e wallets and credit cards on the corner. Because paper money has many disadvantages like it has a limited life because they get torn off. They cause corruption as they can be stacked up and there is no way to inspect the place where they are kept. Also they are easy to steal.
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 future of paper money will not last long, because paper money made of paper and paper made of wood if the banknotes are still in use in the future the amount of wood will decrease as well as the world will experience tremendous heat, therefore the digital money is the answer to money in the future,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?
If it's something made by the government or by banks then you should definitly know that it won't be private and they will have control of everything just like the banks right , nothing much will change .
and for what comes to the Paper money I don't think it will dissapaear , maybe on some countries yes but worldwide ?definitly not because some countries don't even use Credit cards for their transactions so ... yep
Paper money or what other called fiat is actually a form of currency that is serve a good form on transaction. But in terms of innovation and development for the future having crypto-currency or virtual money is the best thing to have becauae it can make transaction faster and reliable for business transactions. It could also open up opportunities for people to earn and to make profit for future and adaptation of changes of the economy. and for what comes to the Paper money I don't think it will dissapaear , maybe on some countries yes but worldwide ?definitly not because some countries don't even use Credit cards for their transactions so ... yep
I think the paper money will not disappear soon
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.
The way forward for paper cash is not too vibrant if you're searching in the far future. Paper cash is very outdated and can die once.
However I believe that time continues to be a long way away since people appear to become scared for change when it is about currency.
However I believe that time continues to be a long way away since people appear to become scared for change when it is about currency.
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 future of paper money will not last long, because paper money made of paper and paper made of wood if the banknotes are still in use in the future the amount of wood will decrease as well as the world will experience tremendous heat, therefore the digital money is the answer to money in the future,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?
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 future of paper money will not last long, because paper money made of paper and paper made of wood if the banknotes are still in use in the future the amount of wood will decrease as well as the world will experience tremendous heat, therefore the digital money is the answer to money in the future, 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 another possibility that will happen is, Banknotes are still valid, digital currency may be considered valid by every Bank in the world, but may require a very long and long process, it could be successful if approved by the Government and bank banks in each country, Security risk! This may be a constraint, because it will be the generation of new breeders of account breakers or IDs, as has happened to some ATM machines, but with Bitcoin as a digital currency may add some Privacy like password hint and other sebainya, while public money will interact as usual
that is the short term possibility , in the future paper money might completely get disappeared.as everything could be done digitally , people will think about why they still need an outdated one? as technology basically help our lives into better and easier . paper money also are not environmentally friendly , technology could completely takeover our daily lives.
still, people have a good feeling to the paper money, they feel comfortable to use paper money for the purpose of daily activities. though day by day the using of plastic money is increasing paper money still a symbol of currency. mass people still depend on the paper money although it has a negative side regarding security. but paper money will dominate as like today.
Yes people find it easy to use paper money as they are using it since its inception and bitcoin is totally new concept for many people and I doubt that older generation will ever start using bitcoins as they would find it complicated and even would be having a fear of loosing it as they may be scared of internet and online stuff which will keep them away from using bitcoins.
Fate of papermonet in future is to have the opportunity to be antiques or more surely happen is number of users becomes greatly reduced. credit card or anything year after year is growing. So don't close possibility, cashless societies is influence the changing use of paper money.
still, people have a good feeling to the paper money, they feel comfortable to use paper money for the purpose of daily activities. though day by day the using of plastic money is increasing paper money still a symbol of currency. mass people still depend on the paper money although it has a negative side regarding security. but paper money will dominate as like today.
Yes people find it easy to use paper money as they are using it since its inception and bitcoin is totally new concept for many people and I doubt that older generation will ever start using bitcoins as they would find it complicated and even would be having a fear of loosing it as they may be scared of internet and online stuff which will keep them away from using bitcoins.
I think another possibility that will happen is, Banknotes are still valid, digital currency may be considered valid by every Bank in the world, but may require a very long and long process, it could be successful if approved by the Government and bank banks in each country, Security risk! This may be a constraint, because it will be the generation of new breeders of account breakers or IDs, as has happened to some ATM machines, but with Bitcoin as a digital currency may add some Privacy like password hint and other sebainya, while public money will interact as usual
that is the short term possibility , in the future paper money might completely get disappeared.as everything could be done digitally , people will think about why they still need an outdated one? as technology basically help our lives into better and easier . paper money also are not environmentally friendly , technology could completely takeover our daily lives.
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?
There are many stores in all over the world that supporting bitcoin. I can predict that 5 years from now the bitcoin will become more popular and most of the countries will accept it. I hope that the cashless society will happen. 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?
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