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Author Topic: The future of the paper money  (Read 402154 times)
hermanhs09
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July 12, 2016, 10:33:59 PM
 #1401

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.
That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.

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July 13, 2016, 04:07:00 AM
 #1402

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

E-money is really going to be controlled and manipulated by the government. But about bitcoin if it is going to be implemented to a country they are going hard time to control it.
Because of its decentralization they are going to hard to control it.



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Rainbot
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July 13, 2016, 04:25:20 AM
 #1403

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

E-money is really going to be controlled and manipulated by the government. But about bitcoin if it is going to be implemented to a country they are going hard time to control it.
Because of its decentralization they are going to hard to control it.

agree with you, e-money is just "numeric" no more, goverment can increase or decrease the supply without no one can stop it.
i think bitcoinis the real solution, decentralization and  transparant, so all people can ceck each transaction.


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July 13, 2016, 06:24:24 AM
 #1404

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

E-money is really going to be controlled and manipulated by the government. But about bitcoin if it is going to be implemented to a country they are going hard time to control it.
Because of its decentralization they are going to hard to control it.

Agreed, bitcoin due to its decentralized nature never gets the control from government, at the same several government had planned of making their own digital currency. In this way governments try to reduce the circulation of bitcoin and increasing their own country's digital currency.

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July 13, 2016, 06:31:10 AM
 #1405

Sure no future for paper money, we must go greeen
danherbias07
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July 13, 2016, 08:23:52 AM
 #1406

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

E-money is really going to be controlled and manipulated by the government. But about bitcoin if it is going to be implemented to a country they are going hard time to control it.
Because of its decentralization they are going to hard to control it.

Agreed, bitcoin due to its decentralized nature never gets the control from government, at the same several government had planned of making their own digital currency. In this way governments try to reduce the circulation of bitcoin and increasing their own country's digital currency.

That is why it cannot be done as a money for one country right? Due its non control nature the government would not want something like that. And romero is right they would just create their own but to what purpose? It will be like the same as paper money.

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July 13, 2016, 12:12:53 PM
 #1407

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.
That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.
Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.
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July 13, 2016, 12:38:29 PM
 #1408

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.
That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.
Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.
And we only feel the freedom we have been longing for with bitcoins, as it is decentralized we don't need to comply with the government requirements to help them spy on our accounts.

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July 13, 2016, 12:52:55 PM
 #1409

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.
That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.
Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.
And we only feel the freedom we have been longing for with bitcoins, as it is decentralized we don't need to comply with the government requirements to help them spy on our accounts.
That's RIGHT! Bitcoin is the only type of currency that gives you full access what to do with your coins without being questioned by any authority. That's why I like to see bitcoin being widely used and adopted in digital means like Paypal.
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July 13, 2016, 01:12:36 PM
 #1410

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

E-money is really going to be controlled and manipulated by the government. But about bitcoin if it is going to be implemented to a country they are going hard time to control it.
Because of its decentralization they are going to hard to control it.

Agreed, bitcoin due to its decentralized nature never gets the control from government, at the same several government had planned of making their own digital currency. In this way governments try to reduce the circulation of bitcoin and increasing their own country's digital currency.

Paper money is going to keep existing because in my opinion it is needed, if everything becomes digital then the government has to much control.
I also think that most countries and their governments are not even ready for a big change like that.
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July 13, 2016, 01:16:57 PM
 #1411



Quote from: the future
"Grandpa, is it true that bitcoins used to only come on paper wallets"?  Cheesy

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
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July 13, 2016, 01:26:11 PM
 #1412

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

E-money is really going to be controlled and manipulated by the government. But about bitcoin if it is going to be implemented to a country they are going hard time to control it.
Because of its decentralization they are going to hard to control it.

Agreed, bitcoin due to its decentralized nature never gets the control from government, at the same several government had planned of making their own digital currency. In this way governments try to reduce the circulation of bitcoin and increasing their own country's digital currency.

Paper money is going to keep existing because in my opinion it is needed, if everything becomes digital then the government has to much control.
I also think that most countries and their governments are not even ready for a big change like that.


Yeah and Governments will never allow any digital currency to replace their national currency and if it happens then Government will loose all the control that they hold on currency.
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July 13, 2016, 04:08:10 PM
 #1413

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??


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fkvidar
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July 13, 2016, 04:24:23 PM
 #1414

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??

Very rightly said, and the major point is how can we expect illiterate and poor people to start using bitcoin, they will only use that is easy and comfortable for them, and the answer is paper money.
Bestwishes745
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July 13, 2016, 05:07:19 PM
 #1415

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.
yeah it is possible that we will get some digital currency or e-money,but believe me,it wont be a bitcoin.
Humanity is not ready yet for such a change,and bitcoin is too young for it.We will have something else.

I think that will be bitcoin, as bitcoin is going to become more famous in the online world and going to be the master of all digital currencies. and if the governments would like to adopt any virtual currency then they will adopt bitcoin as bitcoin is ready-made currency for them and is more advanced.


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Brickblock.io
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torrentheaven
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July 13, 2016, 06:22:12 PM
 #1416

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.
yeah it is possible that we will get some digital currency or e-money,but believe me,it wont be a bitcoin.
Humanity is not ready yet for such a change,and bitcoin is too young for it.We will have something else.

I think that will be bitcoin, as bitcoin is going to become more famous in the online world and going to be the master of all digital currencies. and if the governments would like to adopt any virtual currency then they will adopt bitcoin as bitcoin is ready-made currency for them and is more advanced.

That will never happen that government will adopt bitcoin as a primary currency replacing their own currency on which they have total control.
Dobmaster
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July 13, 2016, 07:12:36 PM
 #1417

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.
yeah it is possible that we will get some digital currency or e-money,but believe me,it wont be a bitcoin.
Humanity is not ready yet for such a change,and bitcoin is too young for it.We will have something else.

I think that will be bitcoin, as bitcoin is going to become more famous in the online world and going to be the master of all digital currencies. and if the governments would like to adopt any virtual currency then they will adopt bitcoin as bitcoin is ready-made currency for them and is more advanced.

That will never happen that government will adopt bitcoin as a primary currency replacing their own currency on which they have total control.

If the bitcoin can cut the cost of banking, banks will adopt the bitcoin and force governments to do that.

chaser15
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July 13, 2016, 07:21:45 PM
 #1418

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??

Very rightly said, and the major point is how can we expect illiterate and poor people to start using bitcoin, they will only use that is easy and comfortable for them, and the answer is paper money.

And that's another one. We all know that internet can't hug all the places in the globe so it will have the same scenario when using bitcoin. There are lots of places that still don't have a quiet good development and still have that poor status even we count for many years.


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cambda
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bitcoin makes the world a better place.


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July 13, 2016, 11:54:57 PM
 #1419

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

It's not the point. We are talking about future of paper money here. Bitcoin can never be matched what paper money can do. And why such thinking of an idea of removing the paper money to give way for bitcoin? It's a dumb thing to think. Bitcoin is nothing without an internet so how can it deal for the usual transactions that paper money is involved??

Very rightly said, and the major point is how can we expect illiterate and poor people to start using bitcoin, they will only use that is easy and comfortable for them, and the answer is paper money.

And that's another one. We all know that internet can't hug all the places in the globe so it will have the same scenario when using bitcoin. There are lots of places that still don't have a quiet good development and still have that poor status even we count for many years.

Yeah and there will be many people who will prefer to stay away from internet and online thing, as many of them have mentality that everything on internet is a scam.


 
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PokerFace3
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July 14, 2016, 02:08:10 AM
 #1420

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.
That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.
Yes it will be tough.  But btc will surely minimize the use of paper money. Coz it has many benefits over paper money. The govt won't let it happen and that's why it won't full replace paper money
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