Will future paper money disappear? - page 13.

Pemburu1

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Quote from: d1ceplayer on April 04, 2018, 03:21:26 AM

Quote from: Haterstestbtc on April 01, 2018, 07:45:01 AM

Quote from: Jedzkie050617 on April 01, 2018, 07:29:44 AM

Quote from: thecoder2017 on April 01, 2018, 05:19:22 AM

I dont think paper money will disappear in the future because people are already familiar with it using in any transactions but who knows what will.happen in the future is digital currency will be used by people in this world?

For me paper money will not disappear, because of small business we have in our sorroundings such as sari-sari store, Carenderia, fare and others that serve as payment. If that will happen maybe for a very very long period of time, that everything can connect totally to the system.

Paper money will be too hard to be washed out in any estate especially here in our country. Not all countrymen are well educated and knowledgeable enough with the digital world. Not even all has credit cards which means it will be very difficult to implement a zero paper money society. With regards to using bitcoin as mode of payment, strong internet connection must be provided and wide campaign about bitcoin must be done.

This can be of better understanding for all those who say bitcoins will never take place of cash. Like you have said, people have been using cash since last 20000 years and now they are being replaced with cards and other stuff. So likewise, my point is, bitcoins would be replacing cash. Although not now or even not in this century but if they are continually being in use, there will be a time coming.

I think paper money will continue to be used, because banknotes are a symbol of a country apart from that with paper money physically disabled people can use it. and not everyone knows using technology. such as parents / elderly.

geegaw

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Quote from: political1907 on April 05, 2018, 09:41:21 AM

Even now, we use paper money very little. We usually do our shopping with credit or debit cards. In the coming years, as crypto money becomes widespread, it can disappear altogether.

Even crypto becomes more popular, it also can not change the habits and beliefs of many people on paper money, paper money is still the first choice in direct payments, shopping with a credit or debit card is normal because we are buying high value items, and we are forced to use cards when we do not have enough cash. With food or things that are cheap, few people pay by credit card, most use cash, it still contributes a lot and makes everyday transactions easier, paper money disappear is impossible

sidodadii

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I think it will not happen, because banks will still dominate until whenever, many people still rely on cash when transacting so to replace paper money will be very difficult, unless everyone is able to adapt to technological developments there may be minimal use of paper money in the future front.

Chaki

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Paper money will still exist even though most of the population will use crypto in their daily transactions since quick buying still practices on-street areas like street food from street vendors, or cart store, and also during internet maintenance, it does happen too so we need a second option to buy our daily needs too.

giftoflove58

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For me, it can never replace paper money because there many things that paper money is very useful rather than having transactions in bitcoin. best example of this are very small amount such buying 2 pcs of candies, it is not feasible if you use bitcoin just for 2 candies. So in the future, both will exist.

TitanGEL

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Quote from: yanxuanyunshan4 on March 23, 2018, 09:03:51 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.

It is true that the cryptocurrency is continuing to become stronger than before but the power of the cryptocurrency is still not enough to surpass the fiat money. Fiat money will not disappear because fiat money has a important role in our economy.

East2011

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In my point of view. Paper money will not disappear but will stay for a long time. It will not disappear because it is more easier to use by all people.

political1907

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Even now, we use paper money very little. We usually do our shopping with credit or debit cards. In the coming years, as crypto money becomes widespread, it can disappear altogether.

surbanaB

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Quote from: yanxuanyunshan4 on March 23, 2018, 09:03:51 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.

I don’t think that someday crytocurrency can replace for fiat. Although we all know that cryptocurrency is going more and more popular right now, only a number of people all around the world know about it. Even there are many other people don’t know anything about cryptocurrrency, for example bitcoin is a characteristic of crypto market, but in my country the number of people knows about it is considerably fewer than the ones who don’t know about it. Moreover, we are accustomed with fiat and it’s also a good mean to pay for what we buy. I think that we can take it an extra currency on the world which helps the ones who use bitcoin or other coins can use to pay, Fiat is never disappeared anyway.

NS-Soul

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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.

It is already proven that the digital currency or money is much easier and having the most advantage over paper money the only problem with some nations are internet but soon i believe that it will gonna pop and almost all will be circulated by using internet.

virtualboy97

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Not immediately, but definitely, it will.

After all, you can't buy products and pay by livestock now, but at some point in history, they actually did that Cheesy

Moiyah

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Quote from: yanxuanyunshan4 on March 23, 2018, 09:03:51 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.

It woudn't. Eventhough some countries already accepted btc as a payment, it will still hard to incorporate and exchange that to real paper money. Bitcoin will stay as it is as cryptocurrency only. If so, there are so many things to consider before implementing or allowing it to replace paper money.

cah ndablek

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It all depends on the role of government of each country when they have accepted the existence of this digital currency officially this will be a very heavy threat to paper money and allow paper money to begin to disappear.

nelsledma

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Cryptocurrencies will never replace national currencies. But the fact that the cash will disappear is for sure. Cash is very expensive in production and can be forged. Counterfeiters annually cause great damage to the economy.

Dude listen, everyone must get to know that bitcoins will not be replacement of fiat money. Not in current times nor in near future. but yes, if all the governments of all countries around the globe just decide to take this coin as international currency and start dealing in them, only then we can say now this is the time bitcoins are going to replace fiat money. But till now, just forget this statement.

Requim

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Quote from: yanxuanyunshan4 on March 23, 2018, 09:03:51 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.

Now that the function of cryptocurrency has been proven to be quite effective despite not having physical form, it is now possible to see what could be our future without the use of physical money. People are also getting confident that it would definitely work because of what they’ve experienced in cryptocurrencies.

d1ceplayer

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Quote from: Haterstestbtc on April 01, 2018, 07:45:01 AM

Quote from: Jedzkie050617 on April 01, 2018, 07:29:44 AM

Quote from: thecoder2017 on April 01, 2018, 05:19:22 AM

I dont think paper money will disappear in the future because people are already familiar with it using in any transactions but who knows what will.happen in the future is digital currency will be used by people in this world?

For me paper money will not disappear, because of small business we have in our sorroundings such as sari-sari store, Carenderia, fare and others that serve as payment. If that will happen maybe for a very very long period of time, that everything can connect totally to the system.

Paper money will be too hard to be washed out in any estate especially here in our country. Not all countrymen are well educated and knowledgeable enough with the digital world. Not even all has credit cards which means it will be very difficult to implement a zero paper money society. With regards to using bitcoin as mode of payment, strong internet connection must be provided and wide campaign about bitcoin must be done.

This can be of better understanding for all those who say bitcoins will never take place of cash. Like you have said, people have been using cash since last 20000 years and now they are being replaced with cards and other stuff. So likewise, my point is, bitcoins would be replacing cash. Although not now or even not in this century but if they are continually being in use, there will be a time coming.

Ikay

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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.

nightways

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Quote from: pratik009 on April 01, 2018, 07:56:11 AM

It's very difficult to disappearnce of paper money but it may be possible in future. Nowdays all people are used to woth the paper money and many of poeple still don't trust into cryptocurrency and many of old people think that how can currency become online and such things. But young generation accept the bitcoin and they started to use to with it. So if we give proper knowledge about bitcoin to all over the world then it might be possible that cryptocurrency will take place of paper money.

I don’t really think so that now is the right time to discuss such kind of things as it has not been so long for this world to see some other form of money that is digital money. We can comment on this thing after some period when most of the people will be aware of the crypto currencies and at that time, we can expect this thing and that there might a possibility that there will be no paper money in the future.

hermae

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Quote from: Dorion2124 on April 03, 2018, 05:35:54 AM

Quote from: yanxuanyunshan4 on March 23, 2018, 09:03:51 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.

If thats happen i think people will be hard to use bitcoin for paying and for purchasing things, because other people dont know how to use it, it is hard for them to have that kind of technology for buying things. And i think it will not happen.

I think paper money will never disappear. There are already digital currencies now and maybe in the future, many more will come. But it would never replace paper money because not all people are into technology so it is hard for them to purchase using digital currencies.

Sled

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Quote from: Pansamantala on April 03, 2018, 04:50:21 AM

It would eventually fade. After all, conventional paper money is getting pretty outddated and the current measure central banks do is by releasing a new set of coins or banknotes to replace older ones. I deem this not only inefficient but also costly, unlike bitcoin that would only take a few clicks to avail or invest into, apart from the fact that it is way more convenient than fiat money.

I don't think that it will eventually fade because there is a lot of people who are using the paper money and it will take a lot of years for you before you can see that the paper money already disappear, bitcoin and other cryptocurrencies are good but they are not that enough to replace the paper money because people want to make sure that it is safe before they use it.

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