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Author Topic: The future of the paper money  (Read 403648 times)
jt byte
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May 30, 2016, 10:15:43 PM
 #1001

There is not future for fiat. Just watched a show last night on 60 minutes and they were talking about
 M-PESA.

http://www.cbsnews.com/news/future-of-money-kenya-m-pesa-60-minutes

It is showing way for bitcoin's use in this experimental phase with another financial ecosystem.

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May 30, 2016, 10:31:23 PM
 #1002

Paper money is always safe and there is no threat to it from bitcoin as the users of paper money are more in compare to bitcoin and that will continue in future too.
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May 30, 2016, 11:27:24 PM
 #1003

Paper money is always safe and there is no threat to it from bitcoin as the users of paper money are more in compare to bitcoin and that will continue in future too.
Future in the fog but paper money still there Wink
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May 31, 2016, 01:48:38 AM
 #1004

Paper money is always safe and there is no threat to it from bitcoin as the users of paper money are more in compare to bitcoin and that will continue in future too.
Future in the fog but paper money still there Wink
Exactly, paper money will still be there because not all of us can use internet or even the others are not educated on how to use it, consider other poor countries like the undeveloped ones, how would they transaction without paper money.

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May 31, 2016, 03:03:49 AM
 #1005

In the future far from now the paper money will disappear because everything would be digital and nothing will go with paper things anymore.
Its just a matter of time in my eyes.


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May 31, 2016, 05:06:35 AM
 #1006

In the future far from now the paper money will disappear because everything would be digital and nothing will go with paper things anymore.
Its just a matter of time in my eyes.

Do you think your eyes will still see that happen? I dont think so. Why is it that so many people are so damn being Nostradamus whenever they got hold of an online money. Be real. Dont watch too much movies. Go outside see what is really happening in the world.
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May 31, 2016, 06:38:25 AM
 #1007

In the future far from now the paper money will disappear because everything would be digital and nothing will go with paper things anymore.
Its just a matter of time in my eyes.

Do you think your eyes will still see that happen? I dont think so. Why is it that so many people are so damn being Nostradamus whenever they got hold of an online money. Be real. Dont watch too much movies. Go outside see what is really happening in the world.
Paper money will always be paper money and it will not disappear in market circulation. Bitcoins is good and the digital world is good but we have to admit that everyone cannot use digital money due to lack of education or they just don't simply benefited in using it.

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May 31, 2016, 08:12:19 AM
 #1008

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
Paper money will stay here and is going no where in the next couple of years. The only reason why money can disappear because they are going to make everything digital but I do not think that are going to use Bitcoin.
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May 31, 2016, 08:44:59 AM
 #1009

Paper money is always safe and there is no threat to it from bitcoin as the users of paper money are more in compare to bitcoin and that will continue in future too.
paper money will lose not because bitcoin? but time and the world to make paper money will disappear slowly. you will never be against the clock and growth era. Times will continue to run and you can not make it stop paper money would have disappeared

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May 31, 2016, 09:11:30 AM
 #1010

Paper money is always safe and there is no threat to it from bitcoin as the users of paper money are more in compare to bitcoin and that will continue in future too.
paper money will lose not because bitcoin? but time and the world to make paper money will disappear slowly. you will never be against the clock and growth era. Times will continue to run and you can not make it stop paper money would have disappeared

That could be the real deal. It can lose someday or make it better for people to use. As technology is also growing there might be a new kind of money that could be created for the purpose of trade.

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May 31, 2016, 10:06:15 AM
 #1011

Paper money will be in circulation as long as it is backed/supported by military. As long as countries divided by borders and digital money has no support from military/militia there is zero chance to become a reliable money. Just sayin'.

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May 31, 2016, 11:34:21 AM
 #1012

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
Paper money is going to stay for another couple of years because it is going to be a whole process to make everything digital. I think that it is going to be different per country because not every country can afford it.

Paper money will always survive and it will always be used by majority of people and bitcoin can never take over paper money in future too.

No, paper money will be gone in a decade. When asked, Christine Lagarde said that she doesn't believe cash will exist in 10 years, so do the math. We are going to a society with no physical cash, this is why Bitcoin will be worth thousands of not millions of dollars a coin. I don't understand how many times I have to say this until people realize.

People don't really want to use digital money and goverment will not do smth like this without agreement of others. And after poll i think we will still use paper money.

Yeah people dont really use digital money cause you know, credit cards arent digital right lol.

I dont see the debate here, cause government can be involved if they passed some fincen money transmitter law which can be accepted if they wanted.
well wouldnt that be the same thing to say that bitcoin is not digital because you have to use a telephone to spend it like you have to use a credit card in order to spend your money

in my opinion in the future there will be no paper money left at all because all people will be using cryptocurrencies as they will become more and more popular at a very rapid pace
Doesn't sounds realistic, there will be certain percentage of people who will prefer to use paper money even in the future, its impossible to believe that paper money will simply disappear.

It is not impossible. It is always possible that humanity will totally switch from using paper to digital money. If digital currency will offer ease of access, then it will be more used. Problem is, right now, like in our country, not all places have access to internet. But if the time comes that internet and devices is accessible to everyone, then digital currency will be used more.

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May 31, 2016, 12:30:49 PM
 #1013

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
Paper money is going to stay for another couple of years because it is going to be a whole process to make everything digital. I think that it is going to be different per country because not every country can afford it.

Paper money will always survive and it will always be used by majority of people and bitcoin can never take over paper money in future too.

No, paper money will be gone in a decade. When asked, Christine Lagarde said that she doesn't believe cash will exist in 10 years, so do the math. We are going to a society with no physical cash, this is why Bitcoin will be worth thousands of not millions of dollars a coin. I don't understand how many times I have to say this until people realize.

People don't really want to use digital money and goverment will not do smth like this without agreement of others. And after poll i think we will still use paper money.

Yeah people dont really use digital money cause you know, credit cards arent digital right lol.

I dont see the debate here, cause government can be involved if they passed some fincen money transmitter law which can be accepted if they wanted.
well wouldnt that be the same thing to say that bitcoin is not digital because you have to use a telephone to spend it like you have to use a credit card in order to spend your money

in my opinion in the future there will be no paper money left at all because all people will be using cryptocurrencies as they will become more and more popular at a very rapid pace
Doesn't sounds realistic, there will be certain percentage of people who will prefer to use paper money even in the future, its impossible to believe that paper money will simply disappear.

It is not impossible. It is always possible that humanity will totally switch from using paper to digital money. If digital currency will offer ease of access, then it will be more used. Problem is, right now, like in our country, not all places have access to internet. But if the time comes that internet and devices is accessible to everyone, then digital currency will be used more.
It's possible my friend but the chances are very low, how can you implement digital currency to a place without internet, to those uneducated people who only knows the conventional way of transaction and for those people who are hesitant for change, you cannot attract all to go to full digital as they have their own convenience.

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May 31, 2016, 12:35:25 PM
 #1014

Paper money will be in circulation as long as it is backed/supported by military. As long as countries divided by borders and digital money has no support from military/militia there is zero chance to become a reliable money. Just sayin'.

You are right, paper money will be always on the cycle of economy, but military is not the one who backs it up but the whole government for it.
And also the people who are using it are the one because of it's power and usage. But if the government will give support to bitcoin.
For sure, people will go support it also.



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May 31, 2016, 12:38:21 PM
 #1015

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
Paper money is going to stay for another couple of years because it is going to be a whole process to make everything digital. I think that it is going to be different per country because not every country can afford it.

Paper money will always survive and it will always be used by majority of people and bitcoin can never take over paper money in future too.

No, paper money will be gone in a decade. When asked, Christine Lagarde said that she doesn't believe cash will exist in 10 years, so do the math. We are going to a society with no physical cash, this is why Bitcoin will be worth thousands of not millions of dollars a coin. I don't understand how many times I have to say this until people realize.

People don't really want to use digital money and goverment will not do smth like this without agreement of others. And after poll i think we will still use paper money.

Yeah people dont really use digital money cause you know, credit cards arent digital right lol.

I dont see the debate here, cause government can be involved if they passed some fincen money transmitter law which can be accepted if they wanted.
well wouldnt that be the same thing to say that bitcoin is not digital because you have to use a telephone to spend it like you have to use a credit card in order to spend your money

in my opinion in the future there will be no paper money left at all because all people will be using cryptocurrencies as they will become more and more popular at a very rapid pace
Doesn't sounds realistic, there will be certain percentage of people who will prefer to use paper money even in the future, its impossible to believe that paper money will simply disappear.

It is not impossible. It is always possible that humanity will totally switch from using paper to digital money. If digital currency will offer ease of access, then it will be more used. Problem is, right now, like in our country, not all places have access to internet. But if the time comes that internet and devices is accessible to everyone, then digital currency will be used more.
It's possible my friend but the chances are very low, how can you implement digital currency to a place without internet, to those uneducated people who only knows the conventional way of transaction and for those people who are hesitant for change, you cannot attract all to go to full digital as they have their own convenience.

Yeah people who find using paper money easy will surely carry on with it and there are many people who don't know what bitcoin is and they really don't care about it.
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May 31, 2016, 01:12:15 PM
 #1016

Yeah people who find using paper money easy will surely carry on with it and there are many people who don't know what bitcoin is and they really don't care about it.

And since they don't know what bitcoin is, they tend to use and stick with paper money for sure it will really hard for them if the government
will replace it with bitcoin. And of course, it will be a long time before it happens.



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May 31, 2016, 02:42:40 PM
 #1017

There will always be a future for the paper money and thats only because of the bitvcoin. The bitcoin will never be such big as the paper money is. So dont think paper would disappear because it wont.
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May 31, 2016, 02:50:55 PM
 #1018

Yeah people who find using paper money easy will surely carry on with it and there are many people who don't know what bitcoin is and they really don't care about it.

And since they don't know what bitcoin is, they tend to use and stick with paper money for sure it will really hard for them if the government
will replace it with bitcoin. And of course, it will be a long time before it happens.

The time it will happen I don't think we would be alive, our grandchildren would be experiencing that scenario, not possible in coming years for sure.
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May 31, 2016, 03:10:37 PM
 #1019

There will be a nice future for the paper money and thats because paper money will always be there and will never disappear a time. Bitcoins are nothing without gold so dont think bitcoins take over the world it wont happen thats what i know.
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May 31, 2016, 03:16:59 PM
 #1020

There will be a nice future for the paper money and thats because paper money will always be there and will never disappear a time. Bitcoins are nothing without gold so dont think bitcoins take over the world it wont happen thats what i know.

There will be many people who will be using bitcoin in future but we cannot ignore the fact that market cap of paper money is huge and it will keep on growing in future too.
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