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Topic: Will future paper money disappear? - page 12. (Read 2442 times)

member
Activity: 1078
Merit: 12
April 07, 2018, 12:56:44 AM
It seems that the future of future money will be difficult to survive, the pressure of digital money will surely make the future of paper money immediately replaceable, in fact we can see that almost all transactions using debit or credit card making it easier, practical and certainly safe.
newbie
Activity: 224
Merit: 0
April 07, 2018, 12:39:23 AM
I think Crypto is growing but they can not replace paper money. Altcoins can not have liquidity like paper money, they can not be flexible in trading and trading. They only grow in one. It is conducive to the interconnection between nations.
newbie
Activity: 4
Merit: 0
April 07, 2018, 12:14:00 AM
In my opinion future paper will not disappear because it is the commonly use by people.
full member
Activity: 602
Merit: 100
https://i.imgur.com/BBmstUL.jpg
April 07, 2018, 12:10:54 AM
With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.
From day to day technological developments increasingly sophisticated. So do not rule out that in the future later paper money will be lost and replaced by a more practical. And maybe in the future Bitcoin can replace it all. I'm sure Bitcoin can afford to replace the paper money in the future.
newbie
Activity: 76
Merit: 0
April 06, 2018, 11:57:23 PM
Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.
indeed possibility is certain, but it takes a long time, because as we know cryptocurrency is still a lot of hackers, so the government is still considering a lot of things
I think paper money will continue to use, especially when with paper money, we have to pay taxes directly. however, the use of digital money will not make the tax increase. well, the government will certainly think it well before eliminating it.
Yes. Paper money will still be used for small transactions. For example to buy food in small stalls.
sr. member
Activity: 532
Merit: 250
BTC. ETC. EOS
April 06, 2018, 11:48:40 PM
It is possible that in future, every country will have its own digital currency, as it is hard to fake than currency notes. Many countries such as Japan, China and Russia are working on their own crypto currency.
full member
Activity: 177
Merit: 100
April 06, 2018, 11:45:27 PM
Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.
This might be a bit long. this great revolution certainly needs preparation and not necessarily all countries of the world agree that the transaction is changed to be electronic or online
i certainly believe you have a point my friend, since changing ones currency and it is most likely called mass adoption of electronic payments and other online transactions, i guess there might be a conflict as for example i don't think the banks and government will agree directly about that idea and proposal.
sr. member
Activity: 854
Merit: 250
April 06, 2018, 11:31:24 PM
Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.
This might be a bit long. this great revolution certainly needs preparation and not necessarily all countries of the world agree that the transaction is changed to be electronic or online
jr. member
Activity: 154
Merit: 1
April 06, 2018, 11:27:46 PM
It won't really disappear as we thought because paper money is the unit of exchange that the country represent. In a lower section of people cannot afford to have crypto as a medium of exchange.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
April 06, 2018, 10:40:33 PM
Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.
indeed possibility is certain, but it takes a long time, because as we know cryptocurrency is still a lot of hackers, so the government is still considering a lot of things
You know right even using bank service you can still be hacked so saying that the hacking will prevent cryptocurrencies or another form of digital currencies will erase paper money is just doesn't make sense.
However the hacking in the future will seem to be really hard because the security technology will always be developed to its peak.
newbie
Activity: 7
Merit: 0
April 06, 2018, 09:55:52 PM
I don't think fiat won't disappear, maybe if poverty is stopped because not everyone could afford to own crypto wallet and others aren't that knowledgeable enough to understand how crypto works. Plus it'll be not so harder to determine the real value of bitcoin/crypto if fiat suddenly disappears, because we have loads of other assets: gold, pearls, sticks, stones Smiley. Paper money has diminishing pros and has to vanish, eventually.
jr. member
Activity: 182
Merit: 2
dApps Development Automation Platform
April 06, 2018, 09:51:07 PM
With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

The answer is NO. Pepr money will always stay as long as their are banks and market. It is the main and easiest way of transacting, buying and selling goods. Anyway, you cannot buy one candy with your cryptocurrency because the transaction fee is even higher that the price of the goods.
member
Activity: 142
Merit: 10
crestonium.io - 0% fees cryptobank
April 06, 2018, 09:09:13 PM
I don't think paper money will have to disappear. This paper money still be needed in our country and it is not practical for me to neglect the paper money. Because there is a situation also that paper money is best currency to use than electronic money. Specially when in times of going to market and other establishments that never accepts electronic money and computers and other gadgets are impractical.
newbie
Activity: 210
Merit: 0
April 06, 2018, 10:20:22 AM
With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

I think not totally disappear but maybe an alternate money that can be accepted in the future. Both can still work because for the reason that there are poor people that do not know how to use computers and internet and for the rich and crypto users then they can use it also.
sr. member
Activity: 1974
Merit: 450
April 05, 2018, 11:00:34 PM
Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.
indeed possibility is certain, but it takes a long time, because as we know cryptocurrency is still a lot of hackers, so the government is still considering a lot of things
I think paper money will continue to use, especially when with paper money, we have to pay taxes directly. however, the use of digital money will not make the tax increase. well, the government will certainly think it well before eliminating it.
full member
Activity: 1246
Merit: 102
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
April 05, 2018, 10:45:10 PM
Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.
indeed possibility is certain, but it takes a long time, because as we know cryptocurrency is still a lot of hackers, so the government is still considering a lot of things
hero member
Activity: 2660
Merit: 651
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April 05, 2018, 05:00:09 PM
Paper money is certainly not going away.

The world economy will never grow to the extent that people around the world have access to the Internet at any time and anywhere.

If there is a major power outage, the electronic payment will not be able to solve the payment situation. Then paper money can be solved.
You make a quite reasonable point and I agreed with what you said because the internet can break down anytime and this would lead to people been stranded if paper disappear but the only one thing I believe to happen  is paper money been obsolete.
sr. member
Activity: 586
Merit: 250
April 05, 2018, 02:34:46 PM
Very likely, especially now that direct transactions using paper money continues to decrease, paper money becomes a crime factor that is robbery, if there is no paper money of course can reduce the robbery in banks or to people so I am sure that no more than 100 years paper money will disappear.
sr. member
Activity: 552
Merit: 250
April 05, 2018, 02:28:26 PM
Paper money isn't going to disappear, at least in our nearest future. The reality is that most people around the world, in addition with governments and banks, still supporting mainly fiat currencies and paper money, and they haven't any plans to replace them with digital currencies in the few next years at least.
sr. member
Activity: 338
Merit: 250
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April 05, 2018, 02:16:02 PM
Paper money will never be disappear or lost in economy because not all people use highly technology like cellphone, computer or anything else that will access with digital money so probably paper money will still exist and digital currencies now will not surpassed it.
you know, our future is bright, everything is brighter day by day and cell phones, computers are becoming cheaper and cheaper. In the future, we will rely a lot on technology and I have a strong feeling that people will have at least 1 electronic device which allow them to access the internet.
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