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Author Topic: The future of the paper money  (Read 414997 times)
freedomgo
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July 14, 2016, 03:50:28 AM

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

In the future the number of users who will be using internet will grow and since bitcoin is an internet money, they could easily adopt with bitcoins to use it in their daily transactions online.

YAMZU

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YAMZU

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YAMZU

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a7mos
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July 14, 2016, 03:57:35 AM

Many countries around the world tend to encourage their people to use credit and debt cards in their spending because it can cut the spending of printing money. And I think it is just a matter of time before they stop using it at all specially in the developed countries
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July 14, 2016, 03:59:26 AM

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


The future of paper money is always the same, maybe the designs are going to change but the use of it is going to be there. And even the bitcoin is going to the trend. It is not going to change the use of paper money. Because paper money is being controlled by the government unlike bitcoin government is not going to control it.



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HAS BEEN RELEASED!


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chaser15
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July 14, 2016, 04:30:37 AM

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.

And because these are the reality, paper money will still be used even for many centuries to come.

So let just allow paper money works since it can touch all sides of the world while at the same time we here in bitcoin community also have another option, which is using bitcoin.
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July 14, 2016, 04:32:17 AM

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.

Yeah the truth that there are still rural places which havent been reached by technology. Every country have one of this places. It is like a province. Before reaching an ATM machine or some low class mall you need to travel many kilometers. So it is always a hard time for them. Still paper money is used for transaction for small shops.
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July 14, 2016, 08:01:44 AM

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


The future of paper money is always the same, maybe the designs are going to change but the use of it is going to be there. And even the bitcoin is going to the trend. It is not going to change the use of paper money. Because paper money is being controlled by the government unlike bitcoin government is not going to control it.
Paper money is going to keep existing for a while because I think that we are just not ready yet for money to be only digital.
In the future they are going to make the change but they do not have to rush things.
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July 14, 2016, 08:07:50 AM

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


The future of paper money is always the same, maybe the designs are going to change but the use of it is going to be there. And even the bitcoin is going to the trend. It is not going to change the use of paper money. Because paper money is being controlled by the government unlike bitcoin government is not going to control it.
Paper money is going to keep existing for a while because I think that we are just not ready yet for money to be only digital.
In the future they are going to make the change but they do not have to rush things.
The adoption period is long because a person needs to be educated enough before they can adopt with bitcoins and we know that bitcoins is not that simple which paper money is, as of the current rate paper money will dominate in the circulation and we are just few using bitcoins.

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July 14, 2016, 08:11:27 AM

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


The future of paper money is always the same, maybe the designs are going to change but the use of it is going to be there. And even the bitcoin is going to the trend. It is not going to change the use of paper money. Because paper money is being controlled by the government unlike bitcoin government is not going to control it.
Paper money is going to keep existing for a while because I think that we are just not ready yet for money to be only digital.
In the future they are going to make the change but they do not have to rush things.

Even we are ready, it's still good to have more options on how we will deal for any financial transactions.

Using paper money and bitcoin both has advantages so it's better if we have them both rather than erasing the existence of one.
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July 19, 2016, 01:56:06 PM

The paper money is going to be around for a little longer because I think that it just way to soon to be making these big changes like banning the paper money.
I know that I the future everything is almost going to be digital but we do not need to hurry.
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July 19, 2016, 02:04:35 PM

The paper money is going to be around for a little longer because I think that it just way to soon to be making these big changes like banning the paper money.
I know that I the future everything is almost going to be digital but we do not need to hurry.
yes I agree with you. in the future paper money will start a little. in the future we only need one device to bring a lot of money. the era of digitalization will change the concept of payment in the world. everything will be easier and more practical in the future.

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July 19, 2016, 02:26:41 PM

The paper money is going to be around for a little longer because I think that it just way to soon to be making these big changes like banning the paper money.
I know that I the future everything is almost going to be digital but we do not need to hurry.

Yeah everything will be paperless in future but there will be certain percentage of people who will be comfortable in using paper money even if everything goes digital.
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July 19, 2016, 04:08:31 PM

The paper money is going to be around for a little longer because I think that it just way to soon to be making these big changes like banning the paper money.
I know that I the future everything is almost going to be digital but we do not need to hurry.

Yeah everything will be paperless in future but there will be certain percentage of people who will be comfortable in using paper money even if everything goes digital.

For old people now, they might prefer the paper money. When the current young generation become old, they will use digital money.

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July 19, 2016, 04:13:16 PM

I think it's hard to predict that the paper money will disappear at least in the nearest horizon. But surely after a while i think the digital money will replace it.
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July 19, 2016, 04:26:56 PM

I think it's hard to predict that the paper money will disappear at least in the nearest horizon. But surely after a while i think the digital money will replace it.

When? Nobody knows, but it will dissapear, Someday we will do something which is 100% digital.
But not for at least a few decades. A lot of countries in the third world, are just discovering Internet..,
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July 19, 2016, 04:50:20 PM

I think it's hard to predict that the paper money will disappear at least in the nearest horizon. But surely after a while i think the digital money will replace it.

When? Nobody knows, but it will dissapear, Someday we will do something which is 100% digital.
But not for at least a few decades. A lot of countries in the third world, are just discovering Internet..,

The future of paper money is very safe as I don't think that there is any threat to it from bitcoin as the market cap of paper money is too huge in compare to bitcoins.
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July 19, 2016, 04:55:37 PM

Yeah everything will be paperless in future but there will be certain percentage of people who will be comfortable in using paper money even if everything goes digital.

The world is changing and if someone could not follow the change then he / she is the subject of 'annihilation' ( I exxagerate this ). I believe you have heard the phrase of " eat or be eaten " and this means that if someone doesnt used to the new things obviously he will be left behind everything that he had fought for

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July 19, 2016, 10:57:33 PM

The paper money is going to be around for a little longer because I think that it just way to soon to be making these big changes like banning the paper money.
I know that I the future everything is almost going to be digital but we do not need to hurry.
I also think that paper money is going to keep existing for a while it is to soon for us to go only digital.
We need to take slow and implementing it when we re ready for it.


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July 19, 2016, 11:33:10 PM

The paper money is going to be around for a little longer because I think that it just way to soon to be making these big changes like banning the paper money.
I know that I the future everything is almost going to be digital but we do not need to hurry.
I also think that paper money is going to keep existing for a while it is to soon for us to go only digital.
We need to take slow and implementing it when we re ready for it.

Paper money will always exist and I don't think that it has any threat from paper money and paper money will always survive even if bitcoin gets on mainstream.
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July 20, 2016, 01:23:43 AM

The paper money is going to be around for a little longer because I think that it just way to soon to be making these big changes like banning the paper money.
I know that I the future everything is almost going to be digital but we do not need to hurry.
I also think that paper money is going to keep existing for a while it is to soon for us to go only digital.
We need to take slow and implementing it when we re ready for it.

Paper money will always exist and I don't think that it has any threat from paper money and paper money will always survive even if bitcoin gets on mainstream.

Even in Africa where there is Gold and Diamond, people who mine it want it traded to a paper money. It is worldwide. So if some country want it banned it will just be for them but not for everyone. But it will still be a hard part for the government to make people just switch to an unknown currency.


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JessicaSe
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July 20, 2016, 01:32:23 AM

The paper money is going to be around for a little longer because I think that it just way to soon to be making these big changes like banning the paper money.
I know that I the future everything is almost going to be digital but we do not need to hurry.
I also think that paper money is going to keep existing for a while it is to soon for us to go only digital.
We need to take slow and implementing it when we re ready for it.

Paper money will always exist and I don't think that it has any threat from paper money and paper money will always survive even if bitcoin gets on mainstream.

Even in Africa where there is Gold and Diamond, people who mine it want it traded to a paper money. It is worldwide. So if some country want it banned it will just be for them but not for everyone. But it will still be a hard part for the government to make people just switch to an unknown currency.

I am not getting what you are trying to say, we are talking about paper money and from where the hell you brought Africa in between?
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