Will future paper money disappear? - page 4.

webdevmastery

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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 huge chance for paper money to disappear because most of the people today prefer on investing in cryptocurrency because of market's volatility, another thing is that, bitcoins today is getting popular even more due to social media's.

cfif123

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will never lose paper currency in this world even though there are already some countries that use virtual currency for transactions needs in that country, but to eliminate paper currency it is impossible

StarLucas

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When only 71 percent of the worlds population has a bank account let alone access to crypto.

I don't see it happening for a LONNNNNNNNNNNNNNNNNNNNNNNG time

Not untill the very least the market is stable, if fiat had as inherent risk as crypto did it would be next to worthless.

bapetdik

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I thought it would happen like that. Paper money is no longer used in the future but all payments are made using our gadgets. in this modern era will continue to develop new technologies and will make paper money disappear slowly. You should prepare yourself for the future.

Ayush rana

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there are many chances that future money might get disappeared because digital currency has many good things as compare to paper money ans some of the best things are.
1. payments are more secured between two parties
2. no theft and lost problem.
3. one can access his/her money at any time any where.

Kamote_1102

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I've heard 10 years ago that the World (New World Government) is preparing to have as what they call, Cashless Society. All transactions will happen electronically. But, It never came to my Mind if Bitcoin will do a big part in this kind of Society in the near future.

queenlaurel

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For paper money to dissappear in future, we have to take a good look at some major elements that will make bitcoin or cryptocurrency available and usable to all. For examples in countries where we have poor people or poor govt. Lets take a first look at regular light, literacy and constant internet. If all these are in shape then we can boldly say bye bye to paper money in future.

swetka

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Quote from: cryptomeo on April 15, 2018, 12:37:11 PM

The proposition still slurry IMO, fiat will be still around for a long time. The centrally control currency already for thousands of years. Digital currency should be an alternative and complete the current monetary system.

It still early to tell what next, how the general people will assume the validity and reliability of digital currency.

The fact is that today the crypto currency is becoming more and more popular among the entire population of the planet. But its use requires a full and effective infrastructure. And we forgot that many states are against the legalization of the crypto currency.

cryptomeo

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The proposition still slurry IMO, fiat will be still around for a long time. The centrally control currency already for thousands of years. Digital currency should be an alternative and complete the current monetary system.

It still early to tell what next, how the general people will assume the validity and reliability of digital currency.

Apaxy

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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.

I think that first of all you need to think about the importance of legalization and the use of crypto currency in your personal life, but about how easy it will be to use digital currency for the poor, as well as for the elderly and children.

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.

No I don’t think that in the future paper money will disappear and I don’t think that bitcoin will be able to replace paper money. This is because firstly, paper money is way more popular than bitcoin and paper money also has way more users than bitcoin throughout the world. Then paper money is way more accepted all over the world whereas bitcoin is not accepted everywhere. Then everyone trusts cash whereas bitcoin is not trusted by most of the people.

Dikpora77

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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 hope paper money not disappear, I think its better when bitcoin become a asset like gold, have price and we can sell it or buy it with money. if the money change to encrypted form, there will be some issues like domination for some rich people and maybe there will be monopoly in there

Elips1

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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's not impossible to replace fiat money to bitcoin/crypto, if all governments would unite to accept the concept of blockchain technology.

hitrawal91

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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 don't think that paper money is going to disappear that much soon because the Cash is going to be in value no matter whether the credit card, debit card, and cryptocurrency come into existence everywhere and you should be knowing that people love to have cash in hand whether they are doing the transactions in the encrypted form or not. I used all the forms of payment gateway right from a debit card, credit card, net banking, fiat currencies, cryptocurrencies but none can match the Feel of cash having in hand.

malah

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I think paper money will not disappear even though bitcoin will continue to grow and more and more people are using bitcoin because many people still need paper money and not everyone knows and can accept bitcoin

Taner

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I would like the paper money to disappear because it is inconvenient to use. It would be great if cryptocurrencies replaced the usual money, but it is still far away.

Dheo

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Quote from: Ronyx on April 15, 2018, 06:54:31 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.

I think the paper money in the future will still exist and will never disappear. I think both will be used together, paper money for daily transactions and crypto money as an online transaction as well as for investment.

Yes I agree paper money never disappear, there are a lot of place that don't access internet connection and they can not also connect in crypto money if they can't connect in internet so the money can be use is paper money only.

Ronyx

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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 the paper money in the future will still exist and will never disappear. I think both will be used together, paper money for daily transactions and crypto money as an online transaction as well as for investment.

tintinbongs

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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 that is impossible, paper money is all known as our standard currency, bitcoin is banned in other countries and other is not familiar that's why people must be more knowledgeable with bitcoin they must review about bitcoin to be more educated.

BigBos

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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

cryptocurrency is very safe, but I think paper money is the best form of money. paper money has more functions today. maybe cryptocurrency will develop for the better, but I think it will not replace paper money.

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