Will future paper money disappear? - page 24.

Gulayman

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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.

The paper money won't disappear. Many people still use it even if in the future.
Cryptocurrency is hard to use now, especially in the newbie. I think it is a long hard study before it use in the future.

Ampong2121

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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 dont think so and i dont want because its so hard to use the bitcoin for buying and for paying bills. It will be a big change if the paper money will dissapear because first if you buy something small we say for only 5pesos we need to pay in our bitcoin using our phone? i dont like it. And the fees will add,we will just cost more money if thats happen. Even beggar cant hold encrypted form, paper money is easy to use.

Vness10

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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 think paper money will not disappear because people need this mostly that people who have not know what bitcoin is and don't know how to use it.

posi

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Yes, paper money will disappear in the future because the world is changing, new technology is coming in and people are embracing it. However, a couple of years back smartphone was the phone people used and now it android/apple. These mean that people could switch to using the internet transaction or post terminal for their day to day expense.

Harlot

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Quote from: GreatBug on March 29, 2018, 07:42:17 AM

There is some chance that this will happen but i can't imagine that everyone on Earth will have internet connection and own computer cause only at this time paper money will have chance to disappear.

Even not thinking about the technology needed in order to pursue a digital currency world or a cashless world chances are Fiat Currency will stay and be there for the time being. Talking about its legality and how it will survive based on that, our Fiat currency is protected by our constitution and several laws involving sales. Most of our local laws only identify our Fiat Currency as our legal medium of exchange and this is what majority of our law makers is stating on order not to make Bitcoin a legal payment method in their country.

yonjitsu

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I don't think fiat will ever disappear in the future given the fact that bitcoin hasn't achieved a global acceptance yet. There are still countries who are against the cryptocurrencies and that what makes it hard for cryptos to replace fiat easily.

nl247

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Quote from: redsap on March 29, 2018, 07:51:16 AM

yes it can be in the future all that money paper will exchange to digital currency, and also i think that good to ecosystem and nature that we don't cut many trees to making a paper for money, sometimes modern future are really affected for the nature because the new tech will change the old one and the material of need too

If we are talking about paper money, as in cash, we already know the answer to that. On a normal day, gone are the days when you would even be holding so much cash when virtually everything has already gone cashless.

We practically do almost everything online these days or with our ATMs via POS terminal, so with or without blockchain technology, paper money is already becoming obsolete even though it can not be easily thrown out like that, most especially in places where there is a little bit of limit in technology. This is totally different entirely from fiat system, which 100% would always still remain with or without the blockchain technology.

petyang12

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Quote from: acener on March 23, 2018, 10:09:08 PM

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 think it is too impossible for now since a lot of countries haven't known bitcoin yet. Yes, it is known to some counties but unfortunately, some countries are banning it too. A lotbof people don't know how to access bitcoin due to their age and level and education. It is important that people will be educated with bitcoin first.

I see your point when a country do a business to another country they won't accept their money when the first country legalized bitcoin and the second one did not so when exchanging money it won't happen as the other even ban crypto. So i think the disappearing of paper money is not good to all mostly because everyone can't access internet for bitcoin that is why it is impossible that paper money would disappear because pf cryptocurrency. I have this in mind about those people that are poor that they don't even know how to use a cellphone and also computer. How would they get their money after they work? Impossible right? Paper money is good to us and those poor people that are thriving to work for their families to make a living.

S4roZa

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I think paper money will not go away, it's just that its usage is slightly reduced due to electronic money or E-money. Moreover, in Indonesia, BANK INDONESIA affirmed the Non-Cash National Movement to reduce the use of certain banknotes only. Because the need for money is not entirely fulfilled through non-cash.

GREATLOVE

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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 believe in that, that soon bitcoin removed the paper money the dollar because soon bitcoin will become power and will be the next main currency of all people.

redsap

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yes it can be in the future all that money paper will exchange to digital currency, and also i think that good to ecosystem and nature that we don't cut many trees to making a paper for money, sometimes modern future are really affected for the nature because the new tech will change the old one and the material of need too

nakamura12

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Quote from: pinkflower on March 23, 2018, 09:45:30 PM

Quote from: ralle14 on March 23, 2018, 09:40:00 PM

No 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 harder to determine the real value of bitcoin/crypto if fiat suddenly disappears. Paper money still has some pros for example when there's no power in your place.

At some point in the financial system's evolution and the advancement of technologies aiding banks to better serve their customers, paper money will be used less and less until money printing obsoleted.

But what replaces it will not be what you think. It will be a centralized digital currency issued by the central bank which is not private, not immutable and not under your control.

That may happen but i think there are paper money left and also there's a digital. In my country we had it like that with both money digitaly or paper money. At some countries i don't really know but all i can say is cryptocurrency started because of paper money as a starting and turn to digital by satoshi nakamoto thus it's price is determined by us about it's market cap, in my point of view i like as what crypto and paper money this day or even tomorrow and in future time of course.

GreatBug

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There is some chance that this will happen but i can't imagine that everyone on Earth will have internet connection and own computer cause only at this time paper money will have chance to disappear.

eaglewhite80

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Quote from: joeflicker on March 25, 2018, 05:50:20 AM

I don't think so due to government law it's too hard to disappearing the paper money beacuse it was become legal trading tools maybe it takes lot of times to make any countries accept the crypto and using it as legal trading tools such if you wanna buy things in minimarket you can spent btc for this.

I feel some of us are misconstruing this. Paper money is totally different from fiat as a whole. Fiat will definitely remain no matter what, but when we are talking about paper money, we are talking about cash here and from what I am experiencing personally from my own angle, it seems this is gradually becoming irrelevant in some places and in most of the places that are developed, hardly will you see people using cash these days except once in a while if it is just necessary. So, will paper money one day go into extinction? The likelihood is definitely there.

mr.nby

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Although paper money is gradually losing popularity for non-cash payments, they will continue to exist for many years. Especially in less developed countries where less developed infrastructure delays investments in new technologies.

bitcoinajax455

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Quote from: Quesdana on March 29, 2018, 05:19:39 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.

There is a big possibility that paper money will be gone in the future because of digital currency. It may take a lot of time though because not every people in the planet have known digital currency but we are going there.

Probably paper money will be gone in the future, it would be replaced by cryptocurrecy. If the government in every country support to use bitcoin o cryptocurrecy. We are now in hi technology, seeking more discovery to make our life easier. There will be no more paper money in the future, becouse many people are now adopting digital curenccy.

Quesdana

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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.

There is a big possibility that paper money will be gone in the future because of digital currency. It may take a lot of time though because not every people in the planet have known digital currency but we are going there.

snowwyjonny

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It could happen, but I still want a paper money in the future in certain circumstances. Yes digital currency is good but we all know that it has disadvatagea too, and paper money could ease that disadvantages so with paper money and digital money in the future will be available there would be a balance in our currency and money.

Tigorss

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The world is really experiencing disruption. First the beginning of human civilization, to complete the sale and purchase transactions, we are familiar with the barter system. In short we finally got into the payment system with paper money. Gradually the early 80s we were introduced to plastic money aka credit cards and ATMs and the like, and now we go back to the era of cashless (nontunai).

Theo222

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maybe in the future all paper money will disappear or will be lessen in the number. because we are on the way in the paperless era soon we will going to use all cryptocurrency in all transaction because it lessen the hussle in paying and receiving money.

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