Will future paper money disappear? - page 25.

longwintershere

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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 really think so. More wearable tech will be getting into our everyday lives, less sense it will make to be using the cash instead of cashless payments performed online.

domaska

newbie

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they cuold, but eventualy it wuold be supper eazy to track every payment we made, which means that we will be controled by banks/govs even more. Overall, controled people are not happy, so paper money will remain to exist.

kimmy724

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With the advancement of connected world, anything that is physical will be render insignificant. Like postal service that is now in near dormant, paper money may follow its trail . This has been happening in the last 30 years with VISA and mastercard.

beezunus

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I think not, because what I see people use bitcoin as an asset for their future and not many use bitcoin as a currency and when it will be used to buy something they will trade it into an official currency for use

Meowth05

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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.

Well in my opinion there's a low for this phenomenon to happen because way back as how our ancestor to make transaction to each other they used coin and compared to what we have now is we still using it but the bills have been added. Therefore, paper money will not disappear but rather it will add new mode of payment which is cryptocurrency.

NVCPRO

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Hi everyone, I think in the future paper money will no longer be as popular as today, but instead are digital coins, digital currency has better advantages than paper money. If the world still uses paper money, the world will not grow.

hubble_kind

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For the few decades, I'm sure no country has yet dared to remove the paper money. Paper money is still reliable for now, this is because the government of the country itself who issued it and its value is not easily wobbled. Maybe only reduce the circulation.

Beabtc11

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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 it is very impossible that paper money will disappear even if cryptocurrency is very well known today. Some country can't afford high technology of bitcoin. If paper money will not be recognize, how can we buy in a sari sari store if there is no internet? That is one of the possible reasons why it will not disappear. And also government is not favor in cryptocurrency becauseof some reasons.

omonuyak

sr. member

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Technology is the currency of the future and I think with the level everything is going we may have to do away with cash and fiat in a develop countries but the underdeveloped countries may find it difficult to get in With this technology development. Bitcoin is going to replace cash in future.

ymirymir

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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.

Well I think that would be too impossible for now because paper money is what the world known to have as means of transaction. I believe that it would be hard to replace paper money since most of the people don't have enough idea about bitcoin. People don't have any idea on how to access bitcoin.

Xanxus024

full member

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No it wont because not all the people know the existence of it and not all the people can provide a device to afford those things especially to the remote areas beside our ancestors used fiat over a century its not easy to replace what people traditionally use.

Bessta

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It will not happen until there are poor people and places which are not developed either. Un less Government will not make technology accessible to all its citizenry there is no way that paper money will disappear and be replaced by digital currency.

setialovers

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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 am believe that in the future, people will using digital money or cryptocurrency. People always seek thing that help them to do their activities and cryptocurrency is more safe than paper money

Dbigfoot102

newbie

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No not this time yet. As you can see bitcoins are closely tied to paper money so I think it will not happen as of today. Maybe in the future when internet and its security features will be implemented such that people wouldn't have to fear investing in digital currencies.

om_iyo

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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.

If you mean that cash less transaction, I agree. But if you mean that 'paper money' change to be crypto money; I am not sure. World was change, many countries changed cash payment to be e-payment, but they still use no crypto money. They develop technology to be simplified, safe, and faster. It's a challenge for crypto money to develop also.

salterious

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Not all the way but I believe the usage will be reduced drastically to remote areas, and areas that are under dictator rule or totalitarian rule. Who knows one day the people in the mountains and oceans, they may be using phones too to transfer wealth you just never know.

Kayla

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I think paper money will not disappear, because paper money is a symbol of a country's currency and will not be replaced. Especially for our region away from the city. For internet and phone network we have to use signal amplifier tool. How we should transact using bitcoin, it will be difficult. Also not everyone knows and has bitcoin. So this will be very difficult to eliminate paper money.

Bitfling

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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 it could be happen that paper money will disappear. With technology advantages, digital money or cryptocurrency is more safe and more flexible to carry and to make transaction.

automail

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There are a lot of ways to pay now compare to 10-20 years ago. It is convenient more convenient for us now but I don't paper money will disappear. I live in a country where we rely heavily on paper money. About 80% of services are being paid with money and the remaining 20% are paid on other ways. Coins and paper money are the most used while credit/debit cards are just an alternative.

Zachwolf

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Quote from: wildflower18 on March 24, 2018, 12:05:06 AM

In the current situation I think paper money will not disappear. There are many things to consider and in reality it's not easy to be used this online currency. Because others can't adopt easily this online currency and paper money is still the original use even in the future.

We cannot say if the paper money or flat currency will disappear because it is until now and it is a traditional currency in every country.

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