Will future paper money disappear? - page 35.

cupic

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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 still exist. Because if the war breaks and the internet system stops working, the exchange of crypto will fail. The world is still very poor and has no technical equipment to store and use crypto.

fiulpro

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With so many people out there sitting below the poverty line and with so many homes ... Without electricity... You expect everyone to have money to get into this crypto world or..go and get a bank account... And get the card ?

This is something that won't happen ...
Not in.. 100 years.

If the government decides to neglect that population that's a different thing but they won't do that..

Fist everyone needs to be in the same line..

stayeduptolate

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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.

It’s true that cryptocurrencies have gained a lot of popularity and trust among the people in the recent years since it has started and because of which their demand has also increased bitcoin still don’t think that they will be able to replace paper money in the future because firstly, paper money is way more popular than bitcoin and has way more users than bitcoin throughout the world. Then paper money is accepted everywhere whereas cryptocurrencies are accepted to a very limited areas.

acener

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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 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.

yugyug

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It depends on some countries like US and Japan where technology development rapidly increase, any print made out paper will gradually decrease year by year. Diminishing print of paper money also helps save the environment like eliminating cutting of tress where the paper came from and beside carrying lots of paper money is not so convenient at this time since we can put and carry our money wirelessly thru internet and other cashless form of transactions.

nasipadang

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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.

pinkflower

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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.

ralle14

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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.

esa2782

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i think so, with the rapid increase of internet using in our daily life and as we know that internet will take over and become a major part of our life, the concept of money paper therefore is just become out of place, because everything is just one click away, there will be no place for paper money and other, and replacing paper money is also good for environmental.

yanxuanyunshan4

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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.

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