Topic: Will future paper money disappear? - page 31. (Read 2501 times)
Well in some point in future paper money would eventually disappear.But I'm sure that government wont replace their legal tender with crypto currencies especially bitcoins as they can't control bitcoins it being decentralised.Paper money disappearing would take alot of time.
I do not think that paper money will be lost or paper money replaced by cryptocurrency. Although more and more bitcoin users will not replace paper money/fiat. Bitcoin is a digital currency and not everyone has bitcoin and not every country accepts bitcoin as a legitimate transaction tool.
Physical money have played a big role in our history of barter and trading and even its use in daily transactions are commendable. Paper money was developed when they needed a medium of better transactions and their solutions was paper money. I do not think that it will disappear but will only be less used and be placed in some safe place that can be kept for future use.
For me physical money will stay in the future because government will not let that happen which to replace fiat into crypto 'cause indeed physical money has been with us for thousands of years for a reason and fiat money is based solely on the faith and credit of the economy. so its impossible to disappear in the future.
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 term "used less" can be used here but we cant say it will disappear in future as it is here to stay for a longer period of time as it has built it's faith on people's mind and have many uses. In future digital modes of payment will be used by many but some people who lack internet or power will be still dependent on Fiat for use.So it cannot vanish. Please give your opinion.
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!
if the paper money is removed what will happen. this is not possible because paper money is a characteristic of every country and country creating it for the needs of daily transactions in lieu of barter, for in the ancient times the people if they wanted something just barter, "goods with goods" and at that time the government created money paper as a barter replacement tool. and my assumption that paper money can not be replaced.
In my opinion. paper money will not disappear, because paper money is a symbol or identity of the country so it is very important and paper money becomes the fundamental economy of a country. and digital money is just an alternative currency so anyone can use it.
We can't predict for sure if future paper money will disappear completely or if they will just exist side by side with bitcoin. It will be hard for bitcoin to replace paper money due to the limited supply which it has to ever exist. There are still things to sort our regarding bitcoin like transaction times, also there are high fees once the numbers of transactions increases and that needs to be sorted out too.
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 never disappear even though digital money is now widely circulated because parents still will not be easy to use it.Please give your opinion.
Maybe digital money will only complement and simplify the transaction but will not replace the paper money.
Yeah i also thinking that paper money could go away and disappear at all , because it was all life and all years and will be for ever because its tradition already and easy to use.
It is not easily could disappear, paper money is still the norms use in every country. Let's accept the fact that there are still many people can't accept this cryptocurrency. So it is hard to think in the future it will disappear. 
It's valid that digital currencies have picked up a considerable measure of ubiquity and trust among the general population in the current years since it has begun and on account of which their request has likewise expanded bitcoin still don't believe that they will have the capacity to supplant paper cash later on in light of the fact that right off the bat, paper cash is far more prominent than bitcoin and has much a larger number of clients than bitcoin all through the world. At that point paper cash is acknowledged all over though digital forms of money are acknowledged to an extremely restricted regions.
In my opinion, paper money is impossible to disappear because there are still a lot of people that can't accept bitcoin into their lives and they are a lot of people that is not using bitcoin and they are not interested on using it especially to those who are already rich and having a lot of money and millions of paper money into their bank account. There are a lot of people that still don't know bitcoin and other cryptos yet and I think it will be impossible to happen that paper money will disappear in the future.
In my own opinion, no it is too hard to live without the paper money, there are many small business that has no idea about crypto currency and even if they know it in the future some of them cant afford a gadget to receive payments in crypto.
Another view is theres a high volume of ups and downs in crypto some coin go down deep and die and some are not.
The possible situation in the future will be the combination of paper money and crypto.
Cryptocurrency will be used in terms of easy payment of bills and others and paper money will be used in some small business such as mini store like buying a stick of cigarette.
Another view is theres a high volume of ups and downs in crypto some coin go down deep and die and some are not.
The possible situation in the future will be the combination of paper money and crypto.
Cryptocurrency will be used in terms of easy payment of bills and others and paper money will be used in some small business such as mini store like buying a stick of cigarette.
Yeah i also thinking that paper money could go away and disappear at all , because it was all life and all years and will be for ever because its tradition already and easy to use.
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.
Please give your opinion.
I think it wont ever be happen. Digital cyrpto currency is just one of the way to earn real money and we all know that digital cyrpto currencies prices are just depending on real money or fiat. So it is impossible to happen that our paper money will be disappear soon. Aside from that, I believe that digital crypto currency cannot make fiat disappear.
We don't know what is the future but if we are seeing on what happening right now there's nothing possible that paper money will remove by bitcoin or cryptocurrency because as of now every country will accepting and adapting the world of cryptocurrency to possible that we a one world money that doesn't need paper money and we already have digital money.
As we go through the technological advancement and upgrades there might be a chance that paper money would be replaced by something else. But we cannot easily say or conclude that it would be in a form of crypto also there are a lot factors to be consider and a lot stages before such act or legislation to be endorsed worldwide.
Even with the widespread usage of cryptocurrency in the world be on top, the existence of paper money in the future is big.
I disagree with that statement.
In my opinion printed money will be abandoned sooner or later.
Im not saying that governments are going to declare BTC as primary currency (which they won't, since they always want to have full control).
But i am pretty sure that printed money will go away. It won't be tomorrow and not all countries are going to abandon paper money instantly.
But this is a part of evolution.
Wether (centralised) crypto currencies or simple credit cards are going to replace it can't be told for sure.
Solely because the government won’t allow this to happen, sooner or later this issue will surface and this decision is fiercely political. The chance that every country will implement such policy is at 0.1% in my opinion.
The government would have a lot more control with a crypto currency created by themselves (e.g. something like ripple) or with credit cards only
than with paper money. Printed money is way too unsecured regarding counterfeiting.
How you come up with the 0.1% is a mystery for me.
Paper money will likely not disappear in all countries in this world, because you can not demand from old people and children to always use electronic money. It also requires that everyone is connected to the internet, but how can you demand from pensioner and children to always use it?
Apart from this, you have to diversify between government issued crypto currencies and private and decentralized cryptos. At the moment we have only private and decentralized crypto that can practically not used for paying all your monthly expenses. A government issued crypto coin could be used to pay all your monthly expenses including rent, but so far only a very small number of countries offer it.
Apart from this, you have to diversify between government issued crypto currencies and private and decentralized cryptos. At the moment we have only private and decentralized crypto that can practically not used for paying all your monthly expenses. A government issued crypto coin could be used to pay all your monthly expenses including rent, but so far only a very small number of countries offer it.
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