Topic: Will future paper money disappear? - page 2. (Read 2500 times)
Bitcoin is increasingly modern and developed with modern blockchain technology. It meets the needs of people for the payment of services quickly and conveniently. This is the advantage of bitcoin. It is much more creative and smarter than paper money. Nothing is impossible, I think the future of paper money may be lost and replaced with bitcoin.
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's all going to happen. However I prefer that both can coexist for use. I am pessimistic that all places will have facilities that support the use of cryptocurrencies. There should be equality between rural and urban areas. Because to use crypto all facilities and infrastructure must be available. Yes we all will always evolve and there will always be changes every time. The era of digitalization will indeed arrive, all waiting for time because we are all being led to it. Please give your opinion.
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’s true that bitcoin has gained a lot of popularity and users since it has started and its demand among the people have also increased a lot. But still I don’t think that bitcoin will be able to replace paper money in the future because firstly, paper money is way more popular than bitcoin and paper money has way more users than bitcoins. Also paper money demand is way more than bitcoin. So it’s ok to say that bitcoin will not be able to replace paper money. Please give your opinion.
Yes. With the current progress in the technology we have made, paper money becomes more and more obsolete as the years go by. As if now a lot of countries solve this by renewing and releasing new editions of the paper bills tgey once had issued way back then. Which does not only mean more cost, but also could potentially damage the environment due to the waste and tge cutting down of numerous trees and vegetation to supply our needs for currency.
This seems difficult to come true.
Currently, government permits related to the use of Bitcoin are difficult.
There are only a few countries that allow the use of Bitcoin & facilitate transactions in their country.
In addition, banknotes are currently regulated by central banks that are Centralized while Bitcoin is Decentralized.
So I think Bitcoin will still be used by many people but can not replace the current paper money.
Currently, government permits related to the use of Bitcoin are difficult.
There are only a few countries that allow the use of Bitcoin & facilitate transactions in their country.
In addition, banknotes are currently regulated by central banks that are Centralized while Bitcoin is Decentralized.
So I think Bitcoin will still be used by many people but can not replace the current paper money.
Well, we'll se. Maybe if bitcoin acceptable in every single country it means like the government really declare that these new thing was absolutely good for the people even the cashless society, and it can solve the economys problem for the country I think is possible. But perhaps just need quite long time to make it possible.
first, you need to think about the fact that not every country can give up its national currency. Perhaps they will be able to create their national crypto currency. But many countries also believe that the crypto currency can be a danger to their domestic economy.Well, we'll se. Maybe if bitcoin acceptable in every single country it means like the government really declare that these new thing was absolutely good for the people even the cashless society, and it can solve the economys problem for the country I think is possible. But perhaps just need quite long time to make it possible.
first, you need to think about the fact that not every country can give up its national currency. Perhaps they will be able to create their national crypto currency. But many countries also believe that the crypto currency can be a danger to their domestic economy.
Of course yes. Nowadays in Europe have a countries which payments are paid by debit card ninety over hundred. Even this tells us from the future. So, in the end even governments will accept cryptocurrencies.
Well, we'll se. Maybe if bitcoin acceptable in every single country it means like the government really declare that these new thing was absolutely good for the people even the cashless society, and it can solve the economys problem for the country I think is possible. But perhaps just need quite long time to make it possible.
I think digital currency will keep increasing such the time goes by. Plus bitcoin will be more powerful transaction of payment. But I dont think so paper money will totally DISAPPEAR but maybe paper money will LESS; But not totally disappear.
I think NO, the paper money can't vanish in this world. We know the advancement of the digital currency is developing each year and the acknowledgment the bitcoin on the store and dealer are also demanding today. But we still have a nation that bitcoin is restricted, or somewhere have an absence of internet connection. Paper money and crypto have substantial distinctive the digital cash can't supplant the paper money. Digital currency is extra cash in this world.
will never lose the cash currency in this world because the cash or paper currency has been used as a symbol of the state. so the future of paper money will surely be there forever anytime
I can't see paper disappearing completely... let's face it imagine that the power goes out not to mention something much worse like a earth quake or war. What would you reach for in one of these situations? Granted fiat might loose its trust in a war but if the lights go out what should you use as a medium of exchange? Metals is one option I can come to think of but that seems quite far fetched (at the moment) looking at it from a centralbankers point of view... but hey I might be wrong...
I think not, paper money is still needed by many people and not everyone likes bitcoin and can use bitcoin, people feel more comfortable and easier to use paper money
Paper money then fiat foreign money still exists in future comes also it's the ball on cryptocurrency we stay in today. It choice never disappear due to the fact not whole human beings are conscious about digital currency then if such regime nonetheless now not trusting cryptocurrency below we wish able to usage the historic order bills.
Bitcoin and alternative coins are always backed by fiat currencies as the crypto currencies does not have physical existence and not all merchant's are not into the crypto world, it might take time may be a decade or more for wider acceptance of bitcoins and other crypto currencies then there is possibility for the fiat currencies to disappear as more and more government's are exploring the block chain technology to implement the block chain technology as the transactions are secure and clear in such a situation the fiat currencies may disappear and bitcoins or other cryptocurrencies may take over the position of fiat currencies and bitcoins will be in the mainstream of financial markets.
I don't think paper money will disappear.
If the currency were to become fully digital, the terrorists would be able to destroy the world's economy by developing a virus that was powerful enough.
And the world economy will never grow to the extent that people around the world have access to the Internet anytime and anywhere.
yeah i got the idea and i agree with that. but maybe it will become fully digital someday, but we must think how to resolve the problem for example as have been said above If the currency were to become fully digital, the terrorists would be able to destroy the world's economy by developing a virus that was powerful enough.
And the world economy will never grow to the extent that people around the world have access to the Internet anytime and anywhere.
I don't think paper money will disappear.
If the currency were to become fully digital, the terrorists would be able to destroy the world's economy by developing a virus that was powerful enough.
And the world economy will never grow to the extent that people around the world have access to the Internet anytime and anywhere.
If the currency were to become fully digital, the terrorists would be able to destroy the world's economy by developing a virus that was powerful enough.
And the world economy will never grow to the extent that people around the world have access to the Internet anytime and anywhere.
This is impossible. Banknotes are the legal currency issued by the country. It is under the control of the state and is designed to enable the state to supervise and control the national economy. If the banknote disappears, it means that the country has given up control over the economy. I think no country will give up this power.
maybe in the future paper money will disappear, but i think it will takes very long long long time. the reason is simple, in order to replace paper money you must do it all around the world. and for example country A and country B have different economical condition, advance in technology, the way of thinking of the citizen, etc that will takes a long time to adapting with cryptocurency. in the present time, we cant denied that there are a lot of people that is didnt know and didnt want to know about cryptocurency(advance currency in financial sector). so i think it will takes very long time, maybe in next century or maybe in next several decade
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