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Author Topic: The future of the paper money  (Read 414658 times)
torrentheaven
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August 06, 2016, 09:11:35 AM
 #1541

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient

At this stage paper money is more convenient in purchasing physical goods as there are no merchants available that accepts bitcoins and even in future there will be certain percentage of people who will prefer to use paper money.
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August 06, 2016, 09:20:28 AM
 #1542

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient

At this stage paper money is more convenient in purchasing physical goods as there are no merchants available that accepts bitcoins and even in future there will be certain percentage of people who will prefer to use paper money.
Paper money, live lately. Perhaps people have not yet learned how to use online payments. But many people now use credit cards for payments. And, of course, in the near future, the paper money will not be. But this is not necessarily what Bitcoin will replace paper money.
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August 06, 2016, 09:27:26 AM
 #1543

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
Do not confuse paper money and online payment, on the basis of paper money. When online calculations of different currencies, the currency itself is not used. And now so many do. Accordingly, the paper money itself, may soon disappear savsem.
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August 06, 2016, 09:39:16 AM
 #1544

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
Do not confuse paper money and online payment, on the basis of paper money. When online calculations of different currencies, the currency itself is not used. And now so many do. Accordingly, the paper money itself, may soon disappear savsem.

Paper money will never disappear it will always exist as Government will never allow bitcoin to get on mainstream and until we have Governments, we will also have paper money.
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August 06, 2016, 09:43:26 AM
 #1545

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient

At this stage paper money is more convenient in purchasing physical goods as there are no merchants available that accepts bitcoins and even in future there will be certain percentage of people who will prefer to use paper money.
Paper money, live lately. Perhaps people have not yet learned how to use online payments. But many people now use credit cards for payments. And, of course, in the near future, the paper money will not be. But this is not necessarily what Bitcoin will replace paper money.

Well the future of money is going to be gone, because if we are talking about the future. The future is going to be paper less government or cashless society, because the people wants to have transactions that are going to be convenient to them. And that is going to be the answer for their problem.
So, maybe we are going to say good bye to paper money in the future.



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August 06, 2016, 09:48:01 AM
 #1546

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
Do not confuse paper money and online payment, on the basis of paper money. When online calculations of different currencies, the currency itself is not used. And now so many do. Accordingly, the paper money itself, may soon disappear savsem.

Paper money and specie are used in offline transactions where they still remain a prevalent method of payment in small retail business. So, in no case paper money can soon disappear "savsem" (lol)...

Google translator is such a joke at times

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August 06, 2016, 01:20:24 PM
 #1547

to me there is no threat to paper money in near future, although in modern age most of the people are giving preference to digital currency and online shopping but still the majority of the people have yet not available the facilities of internet computer, and still more that 70% are illiterate and no knowledge about computer and internet therefore still it will take a lot of time all the people of the world will use bitcoin.
its not only about the illiteracy but its about the rate... if we dont know what is the rate of BTC then we cant use BTC for day to day life.....for that comparison also we need paper money..
so there is no treat to paper money


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August 06, 2016, 01:29:45 PM
 #1548

to me there is no threat to paper money in near future, although in modern age most of the people are giving preference to digital currency and online shopping but still the majority of the people have yet not available the facilities of internet computer, and still more that 70% are illiterate and no knowledge about computer and internet therefore still it will take a lot of time all the people of the world will use bitcoin.
its not only about the illiteracy but its about the rate... if we dont know what is the rate of BTC then we cant use BTC for day to day life.....for that comparison also we need paper money..
so there is no treat to paper money

Paper money is the most important part of our lives in fact we can say that its an basic necessity at a moment as we don't have option of spending bitcoin and even in future we cannot expect that each and every shop will accept bitcoin.
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August 06, 2016, 01:33:15 PM
 #1549

I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.

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August 07, 2016, 09:00:35 AM
 #1550

I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.

The credit card can be used in many places. I also use 90% of my purchase with credit cards. I also use some bitcoin.

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August 07, 2016, 10:29:16 AM
 #1551

I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.

That is the trend in developed countries.
In fact, for large transactions, paper money is frowned upon.
Everybody wants an auditable trail for money flow.
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August 07, 2016, 10:41:28 AM
 #1552

I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.

That is the trend in developed countries.
In fact, for large transactions, paper money is frowned upon.

In the US you should report on all cash-settled payments which are equal to or exceeding $10,000. You are pretty much screwed if you want to deal in cash big way

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August 08, 2016, 10:05:26 PM
 #1553

I barely use paper money and coins anymore. All plastic/NFC. Not yet BTC, though, still fiat.
Yes, this is the next step after paper money, the cards and the NFC cards.
Both are nominated in the currencies of paper money, but they are digital.
Bitcoin is a digital currency and still needs to build it's acceptance.
Maybe it would be wise to promote bitcoin based cards (do you have any news about bitcoin based NFC cards?)

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August 08, 2016, 10:45:31 PM
 #1554

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
bitcoin is really great for both type of transactions while fiat is only good for smaller ones and it is a really bad thing in my opinion because it is very important to have a possibility to transfer big money


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August 08, 2016, 11:22:43 PM
 #1555

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
thats true, though in my opinion bitcoins and cryptocurrencies have way more advantage than just fiat money and thats why i usually stick to it only
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August 09, 2016, 12:25:17 AM
 #1556

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
Do not confuse paper money and online payment, on the basis of paper money. When online calculations of different currencies, the currency itself is not used. And now so many do. Accordingly, the paper money itself, may soon disappear savsem.

Paper money will never disappear it will always exist as Government will never allow bitcoin to get on mainstream and until we have Governments, we will also have paper money.
life of paper currency will depend on their own government. because that determines the currency of a country is their own government. so depending on the government to delete or retain paper money


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August 09, 2016, 12:32:44 AM
 #1557

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
thats true, though in my opinion bitcoins and cryptocurrencies have way more advantage than just fiat money and thats why i usually stick to it only
Bitcoin have more advantage in terms of investment because it is not subject for inflation while the fiat is. However, as currency fiat is more advantageous as you can transact anytime and anywhere even online and offline.

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August 09, 2016, 10:39:44 AM
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paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
thats true, though in my opinion bitcoins and cryptocurrencies have way more advantage than just fiat money and thats why i usually stick to it only
Bitcoin have more advantage in terms of investment because it is not subject for inflation while the fiat is. However, as currency fiat is more advantageous as you can transact anytime and anywhere even online and offline.

The bitcoin is deflationary. You do not have to invest to gain value. The price of bitcoin will rise gradually.

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August 09, 2016, 10:51:23 AM
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paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
i hope that you are right though im not sure whether paper money will have any future when there is such technology as bitcoins
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August 09, 2016, 10:56:31 AM
 #1560

paper money there will continue to be used until whenever. because the current development of digital currency is still not up to the lowest level. financial transaction people in some regions are still 100% use of paper money.
Both paper money and digital one have their own advantages.For small amount transaction,paper money is better for larger transaction digital money is convenient
i hope that you are right though im not sure whether paper money will have any future when there is such technology as bitcoins

Paper money will always have an future as we cannot expect that everyone will start using bitcoins in future and at a moment also we need to convert our bitcoins to paper money first to spend them.
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