Will future paper money disappear? - page 19.

Sydn777

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Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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.

In a 20-40 years there's will be just crypto money and the others will desappear!!

goldade

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Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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.

Although there may be an increased use of cryptocurrencies, it will not make fiat currency disappear. Even if more people and places accept bitcoin and other cryptocurrencies, there will still be a large percentage of people who won't accept it or have probably not heard of it.
Also, the use of cryptocurrencies requires the services of the internet which means the nation that'll accept bitcoin must be able to provide internet services for its citizen. Although, this may be achieved in the developed countries in some years to come, it seems impossible for developing and underdeveloped countries to achieve this. And this means cryptocurrencies can not totally wipe out fiat currencies.

naidray

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Quote from: goku1525 on March 25, 2018, 06:39:30 AM

Quote from: ngacengan on March 25, 2018, 06:28:52 AM

Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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.

yes I think paper money will disappear in the future because the function of paper money and digital money is more efficient digital currency because paper currency is not terlelu efficient and the raw materials of paper money thinning from year to year requires a lot of wood for make paper.

I think paper money will not disappear because some people are not quite interested on digital currency and less knowledge about the site in how to initiate as a payments. I think it will reduce paper money because we have our own perceptions on paper money and digital currency.

It is not even about digital currency alone. For instance, I cannot remember the last time I went into a bank to make any deposit or withdrawal in cash, and I have been holding few dollars in my wallet now for a while without even touching it since I can always do anything without cash. Of course, fiat will not disappear, but paper money just like how cowries became outdated, will one day as it is already, start fading away in usage.

Let's say in some places where technology is highly adopted, paper money like you called it is already becoming a thing of the past as a lot of people are already going cashless anyway, so that would even make the adoption of blockchain technology easy. If you are referring to fiat as a whole, apparently, we already know that is something that we can never see happen. No government will obviously give up control of such.

Bitexpert2017

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Well, in my opinion I think it is impossible for fiat or paper currencies to disapper because of cryptocurrencies given that there are people who are not into cryptos due to the volatility in the market.

BagzMM

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Quote from: Raufjoze on March 30, 2018, 05:50:39 AM

Quote from: alroys on March 24, 2018, 11:53:11 AM

in my opinion it is not possible, although now cryptocurrency is growing I am sure the existence of paper money will still exist. because although this paper money has been in use since the first, and paper money is easy to use. Traditional people also do not understand about Bitcoin, but they prefer to use paper money!

Currently there are still countries that oppose cryptocurrency and what makes crypto difficult to replace fiat easily. I do not think fiat will disappear in the future given the fact that bitcoin has not yet reached global acceptance

Fiat money has been doing good and I don't see a valid reason why this will be taken away and replace with a volatile currency which is not suitable in a small amount transactions.

Semaj123

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Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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.

Paper money or also known as fiat will not be disappear because they are backed by the government. Cryptocurrenciea will only be an additional and not necessarily be implemented as the only one to used it in future. Fiat will still remain and will never be disappear.

JOoo12345

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i think paper money wont disappear. because it is the trade mark of the country we live in. but in my opinion i think it is possible because of the growing technology. and it is much safer not to bring paper money because of the criminals. using encrypted money is much easier and safer.

iqlimasyadiqa

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Quote from: Vanshenz on March 31, 2018, 08:22:45 AM

Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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.

paper money in the future could be lost because it is no longer effective to use, in the future all payments will definitely use a smartphone, because by using a smartphone it will be easier ..

It is very possible because digital currency can facilitate us in doing financial transactions whenever and wherever we are. It will be much simpler and faster than using paper money. There are some good deals as well as credit cards and paypal too, but they offer a fairly high administrative fee, while Bitcoin offers a much cheaper price so we can send a small amount of money for a small fee.

Blondy12

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No, i don’t so in near future eventhough bitcoin was chosen by most of the people still the majority of people in every country still preferred to use fiat since most of them think the easiest way and used to it already. Besides, most establishment only accepts fiat payments for the transactions made. Most especially to the elders whose having a hard time in learning how crypto’s works.

reboot24

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What Makes Cash So Coveted?
While electronic payment methods are more convenient in theory, it isn’t always so in practice.

The majority of security breaches occur via credit card transactions. With the swipe of a card, financial and personal information can be stolen. Cash is untraceable, making it a secure form of payment.

Technology Is Fallible
Credit card systems can easily fail, while cash can always be accepted. Other than exclusive e-commerce sites, cash is accepted everywhere, and can easily be tracked by money counter machines.

Cash Is Easy to Carry
While credit cards can be easy to carry as well, it’s less likely that you see someone pulling a card straight out of their pocket. Children without bank accounts are rarely trusted to use a parent’s credit card, and are more likely to be given cash. Cash can be folded up to fit anywhere, and is less devastating to lose.

Cash Is Instant
While PayPal, Venmo, and even some credit card scanners can take days to process your transaction, cash exchanges are immediate, and your bank account balance remains the same.

vaughn125

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Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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.

Depends on how far you mean by saying future because if you mean just a few years from now, then I most certainly do not think so, since there are still a lot of issues in all the crypto currencies here in the crypto world in terms of usage and all other stuff. Up to this day, I really haven't seen any crypto currency yet that is capable enough to replace fiat. Even the problem about the remote areas where you cannot have internet access. You have to put all this issues into consideration before even thinking about getting into the thought of replacing fiat with any crypto currency.

SMSabuj

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I think one day the paper money will be useless. Because paper money is not secure currency. Everybody wants to use a secure currency. And already people use the online transaction for their needs. And day by day online transaction getting more and more popularity. Bitcoin and cryptocurrency increase this popularity so high. Pople wants to use a decentralized currency. Bitcoin and Cryptocurrency give this opportunity. People all over the world want to use Bitcoin and cryptocurrency. A lot of countries started accepting Bitcoin and other cryptocurrencies.

kamilah147

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Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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 personally think the paper money will never disappear. because the paper money is the money we use all this time. so we also have to preserve the paper money.

Vanshenz

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Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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.

paper money in the future could be lost because it is no longer effective to use, in the future all payments will definitely use a smartphone, because by using a smartphone it will be easier ..

Kokoy

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Quote from: nasipadang on March 23, 2018, 10:46:20 PM

It's because of technological advances, people want speed and security I agree with what you say example now many of us prefer to use the debit in appeal with cash to pay, although not all stores serve it debit payment but I'm sure the use of debit will be realized in many stores.

I dont think so, how about for the less fortunate people what will happen to them? Are they will be isolated from the society if they could not achieve to the requirement if the medium of all transaction, investment and anything with the involvement of monetary unit will be cashless society, I will nver be open to this ki nd of situation.

darkangel020716

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Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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.

Sometimes we are just imagine what will happen on the future because of the new technology revolution, I guess after ten years from now the paper money will replace and we will use to pay bills are through online I read about the chips that will put into your body and this will be your atm to pay bills.

Genemind

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Quote from: yanxuanyunshan4 on March 23, 2018, 10:03:51 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.

This can happen in the future, however, we cannot depend on cryptocurrency solely if we are reffering to making it as our main currency. Cryptocurrency is not yet regulated and accepted by some countries, with just one market crash a whole nation's economy can crash if crypto will replace fiat.

Sorento

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In as much as I believe that it will come to a point in life when cryptocurrency will be accepted worldwide, I still believe that Fiat currency will still be needed for the sake of those in the remote areas.

Chrystora123

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Omicron is another FUD

I still remember when reading the initial goal Elon musk and his friends create Paypal is for ease so that in the future we can transact without having to bring cash again,

even himself has long directed we must leave cash, and after I know Bitcoin then I am also more and more convinced that paper money will not be in use again in the future..

Wong Gendheng

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The sign that paper money disappear soon became clearer, the presence of cryptocurrency that rely solely on the internet will make paper money disappear faster, I'm sure that someday paper money will be in the collection at the museum because it is not used.

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