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Author Topic: The future of the paper money  (Read 404052 times)
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June 09, 2016, 11:38:57 PM
 #1081

Paper money is going to disappear in the future and I believe that everything will become digital. The real question is when it is going to happen I think that we are still going to have paper money around for at least another 25 years.
I guess that will not happen, as long as the paper still in production, I think paper money will continue to be used. and I think paper money is a tool that is simple transaction, and I also think that bitcoin support the development of paper money
Of course not since you still live on earth and not on the planet mars, most of people around the world will still use paper money as currency no matter how sophisticated the technology in the future.

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June 10, 2016, 12:20:43 AM
 #1082

I think people still use paper money even the digital money like bitcoin or paypal are popular when that day comes. Not every people accepted digital money though.
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June 10, 2016, 12:45:37 AM
 #1083

I have no doubt that the paper money always will exist, because there are several  population groups that don't have access to  more advanced alternatives to carry out their financial or commercial exchanges. But of course, this number will gradually decrease and perhaps in a distant future the paper money will disappear.


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June 10, 2016, 12:48:21 AM
 #1084

Well I think paper money is still kicking as of now. In the near future though it is possible that it can be replaced by bitcoin but it will still have value. It is also possible that paper money still rule above bitcoin in the future because it is backed by the bank and the government, and it being replaced by bitcoin narrows down to 20% chance.
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June 10, 2016, 01:00:23 AM
 #1085

I think people still use paper money even the digital money like bitcoin or paypal are popular when that day comes. Not every people accepted digital money though.

Digital money is all around us, not just in crypto and online payment processors like paypal,alertpay,skrill and alike. Most people use credit and debit cards to
make their payments, simply because its much more convenient. The fact is that paper money will soon be a thing of the past, and so it should, i dont see a point in having it anyways.

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June 10, 2016, 05:01:00 PM
 #1086

I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in their infant stages and therefore cannot make paper money to dissappear so quickly. The use of paper money is so important in that even those people currently adopting digital currency have a few nots in their wallets.
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June 11, 2016, 09:13:54 AM
 #1087

I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in their infant stages and therefore cannot make paper money to dissappear so quickly. The use of paper money is so important in that even those people currently adopting digital currency have a few nots in their wallets.
I respect your opinion but I think paper money will not disappear in the circulation, it could be worthless as only few people would use it due to the advance technology but some countries with late adoption of the internet and online currency will prefer to use paper money for their daily spendings.

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June 11, 2016, 12:03:46 PM
 #1088

I have no doubt that the paper money always will exist, because there are several  population groups that don't have access to  more advanced alternatives to carry out their financial or commercial exchanges. But of course, this number will gradually decrease and perhaps in a distant future the paper money will disappear.

Well paper money will just exist , if all the countries will going to have an agreement for having a cashless society and they are going to use bitcoin for it. Before doing that they will need to create a law for establishing fiat paper money will don't have a value anymore.



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June 12, 2016, 05:20:47 AM
 #1089

I have no doubt that the paper money always will exist, because there are several  population groups that don't have access to  more advanced alternatives to carry out their financial or commercial exchanges. But of course, this number will gradually decrease and perhaps in a distant future the paper money will disappear.

Well paper money will just exist , if all the countries will going to have an agreement for having a cashless society and they are going to use bitcoin for it. Before doing that they will need to create a law for establishing fiat paper money will don't have a value anymore.
That is hard to achieve man because not all countries have the same standings in the world, that simply mean that other countries have their citizens less educated so they cannot adopt using computer for online transaction. They will still use paper money and it needs long years to complete transition if the government will enforce.

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June 12, 2016, 07:24:31 AM
 #1090

I have no doubt that the paper money always will exist, because there are several  population groups that don't have access to  more advanced alternatives to carry out their financial or commercial exchanges. But of course, this number will gradually decrease and perhaps in a distant future the paper money will disappear.

Well paper money will just exist , if all the countries will going to have an agreement for having a cashless society and they are going to use bitcoin for it. Before doing that they will need to create a law for establishing fiat paper money will don't have a value anymore.
That is hard to achieve man because not all countries have the same standings in the world, that simply mean that other countries have their citizens less educated so they cannot adopt using computer for online transaction. They will still use paper money and it needs long years to complete transition if the government will enforce.

There are many smart phone applications using the fiat to pay for the service. It is easy to integrate the bitcoin.

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June 12, 2016, 07:35:24 AM
 #1091

I have no doubt that the paper money always will exist, because there are several  population groups that don't have access to  more advanced alternatives to carry out their financial or commercial exchanges. But of course, this number will gradually decrease and perhaps in a distant future the paper money will disappear.

Well paper money will just exist , if all the countries will going to have an agreement for having a cashless society and they are going to use bitcoin for it. Before doing that they will need to create a law for establishing fiat paper money will don't have a value anymore.
That is hard to achieve man because not all countries have the same standings in the world, that simply mean that other countries have their citizens less educated so they cannot adopt using computer for online transaction. They will still use paper money and it needs long years to complete transition if the government will enforce.

There are many smart phone applications using the fiat to pay for the service. It is easy to integrate the bitcoin.

Okay that is true. So what do they need? Maybe a good advertisement to see it can be done true their smartphones. And someone that could explain it to them.
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June 12, 2016, 07:37:51 AM
 #1092

That is hard to achieve man because not all countries have the same standings in the world, that simply mean that other countries have their citizens less educated so they cannot adopt using computer for online transaction. They will still use paper money and it needs long years to complete transition if the government will enforce.

There are many smart phone applications using the fiat to pay for the service. It is easy to integrate the bitcoin.

The number of people out there who don't have access to phones, forget smartphones, is huge.
In the developing world, the focus is on delivering basic necessities like food, water, shelter, sanitation to the masses.
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June 14, 2016, 05:00:07 AM
 #1093

I agree with you paper money should be replaced for the digital money ,the countries that hasnt the technology will maybe get,if not they will be able to buy and sell for the paper money till they get ready to improve .
I think it tends to  not t b used but it takes many years that things like credit cards be replaced with paper money or coins.

I don't believe bitcoin would replace paper money. It would surely be used till the end of the world. The reason is people unaware about such technology will be found till the end.

it wont, thats what everyone is saying, paper money will always have a place with us. But its power is going to weaken against the cryptos.
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June 14, 2016, 05:42:09 AM
 #1094

General situation in the world with cash tends to forced transition to electronic banking payments.
In addition to the details of the form "people are much easier to part with the non-cash money" (triggered psychological effect: Cash seen their "pity to waste"), in terms of the bankers, the use of the cash - this is a direct loss: they are not "scroll" in the bank, it is impossible to remove "legitimate interest" for the transfer, etc. etc.
So the global course are already scheduled: a fiat money came long ago, and now expect the transition to a fully virtual.
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June 14, 2016, 05:44:34 AM
 #1095

General situation in the world with cash tends to forced transition to electronic banking payments.
In addition to the details of the form "people are much easier to part with the non-cash money" (triggered psychological effect: Cash seen their "pity to waste"), in terms of the bankers, the use of the cash - this is a direct loss: they are not "scroll" in the bank, it is impossible to remove "legitimate interest" for the transfer, etc. etc.
So the global course are already scheduled: a fiat money came long ago, and now expect the transition to a fully virtual.

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June 14, 2016, 07:28:44 AM
 #1096

Unfortunately paper money will probably disappear completely at some point. Digital money has a lot going for it but it also has quite a few drawbacks. I think that there is always something that is irrecoverably lost with the death of a generation. Knowledge is gained at the expense of something somewhat more fundamental.

At some point it will disappear but I don't think anyone of us will live to see that. Right now paper money is too valuable in many business. There is also the third world where they depend on fiat, coins and paper money a lot.
At some point I also believe that it will disappear but I think that it will be around for another 25 years I am sure of that. It will be a whole task to make the paper money to disappear.
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June 14, 2016, 07:38:17 AM
 #1097

The future of the paper money would be many times better than the future for the bitcoin becasue papaer money has always a value and i dont think bitcoin can hold this.
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June 14, 2016, 08:25:49 AM
 #1098

The future of the paper money would be many times better than the future for the bitcoin becasue papaer money has always a value and i dont think bitcoin can hold this.
you are right. paper money is still likely to be something better than the bitcoin in the future. other than that people are getting used to paper money, maybe if bitcoin replace paper money, I think many people will mind

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June 14, 2016, 08:41:08 AM
 #1099

Paper money is going to disappear in the future and I believe that everything will become digital. The real question is when it is going to happen I think that we are still going to have paper money around for at least another 25 years.
I guess that will not happen, as long as the paper still in production, I think paper money will continue to be used. and I think paper money is a tool that is simple transaction, and I also think that bitcoin support the development of paper money
Paper money have not that bad future and that is because there are still a lot of people that is using their paper money so that is important for them.
But you can indeed now see also that Bitcoin is becoming more popular and used so that is perfect for the currency.
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June 14, 2016, 09:21:55 AM
 #1100

The future of the paper money will be great because i think that bitcoins will stop at the end of 2020 when the prise is dropping really fast and on that point people finally understand that gold is everything.
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