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Author Topic: The future of the paper money  (Read 404014 times)
Pasutinmeur
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August 17, 2016, 01:22:07 PM
 #1581

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
i hope that you are right though in my opinion bitcoins might fail either, anything is possible

If the bitcoin can learn from the past mistakes or implement good protocols, it will be fine, Otherwise, it will be dead.

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August 17, 2016, 01:25:03 PM
 #1582

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
i hope that you are right though in my opinion bitcoins might fail either, anything is possible

If the bitcoin can learn from the past mistakes or implement good protocols, it will be fine, Otherwise, it will be dead.

I think the system's excellent and bitcoin will not be taken over by the hackers. so this would be something that would be best for the future. Bitcoin can give profits, security, and also providing services are very cheap. It is also supported by all owners of the bitcoin is absolutely anonymous.

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August 17, 2016, 01:36:44 PM
 #1583

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
i hope that you are right though in my opinion bitcoins might fail either, anything is possible

If the bitcoin can learn from the past mistakes or implement good protocols, it will be fine, Otherwise, it will be dead.

I think the system's excellent and bitcoin will not be taken over by the hackers. so this would be something that would be best for the future. Bitcoin can give profits, security, and also providing services are very cheap. It is also supported by all owners of the bitcoin is absolutely anonymous.
In the future when bitcoin will turn to a more successful coins, the main use of this will be currency and since there was a big demand in the future the security will also be strengthen, bitcoin as a system is very safe but those who integrate bitcoin in their system are the target of the hackers.

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August 17, 2016, 02:14:38 PM
 #1584

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
i hope that you are right though in my opinion bitcoins might fail either, anything is possible

If the bitcoin can learn from the past mistakes or implement good protocols, it will be fine, Otherwise, it will be dead.

I think the system's excellent and bitcoin will not be taken over by the hackers. so this would be something that would be best for the future. Bitcoin can give profits, security, and also providing services are very cheap. It is also supported by all owners of the bitcoin is absolutely anonymous.
In the future when bitcoin will turn to a more successful coins, the main use of this will be currency and since there was a big demand in the future the security will also be strengthen, bitcoin as a system is very safe but those who integrate bitcoin in their system are the target of the hackers.

I hope so. I hope the security in it will be much stronger than now. Specially when large investors will also come in. They dont want even a 1% risks to their money. That could enhance the number of investing here.
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August 18, 2016, 09:20:39 AM
 #1585

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
i hope that you are right though in my opinion bitcoins might fail either, anything is possible

If the bitcoin can learn from the past mistakes or implement good protocols, it will be fine, Otherwise, it will be dead.

I think the system's excellent and bitcoin will not be taken over by the hackers. so this would be something that would be best for the future. Bitcoin can give profits, security, and also providing services are very cheap. It is also supported by all owners of the bitcoin is absolutely anonymous.
In the future when bitcoin will turn to a more successful coins, the main use of this will be currency and since there was a big demand in the future the security will also be strengthen, bitcoin as a system is very safe but those who integrate bitcoin in their system are the target of the hackers.

I hope so. I hope the security in it will be much stronger than now. Specially when large investors will also come in. They dont want even a 1% risks to their money. That could enhance the number of investing here.

Bitcoin is secure in the inner part. Hacking is done in some of the exchanges so the light security must be blamed with those trading exchanges and not on the bitcoin's security itself.

Large investors usually use trading exchange to circulate their money in bitcoin trading. Hope there is really a trading exchange that really listed legally in their respective location.


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August 18, 2016, 09:28:52 AM
 #1586

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.
i hope that you are right though in my opinion bitcoins might fail either, anything is possible

If the bitcoin can learn from the past mistakes or implement good protocols, it will be fine, Otherwise, it will be dead.

I think the system's excellent and bitcoin will not be taken over by the hackers. so this would be something that would be best for the future. Bitcoin can give profits, security, and also providing services are very cheap. It is also supported by all owners of the bitcoin is absolutely anonymous.
In the future when bitcoin will turn to a more successful coins, the main use of this will be currency and since there was a big demand in the future the security will also be strengthen, bitcoin as a system is very safe but those who integrate bitcoin in their system are the target of the hackers.

I hope so. I hope the security in it will be much stronger than now. Specially when large investors will also come in. They dont want even a 1% risks to their money. That could enhance the number of investing here.

Bitcoin is secure in the inner part. Hacking is done in some of the exchanges so the light security must be blamed with those trading exchanges and not on the bitcoin's security itself

Security can do nothing against scams and inside jobs. When we are told about some exchange being hacked, it may well be that its owners simply decided to call it a day and get done with the money of their clients. And inside job is often just another convenient term for that...

That someone at the top of the exchange decided to scam on their clients

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August 18, 2016, 11:32:02 AM
 #1587

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.

You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.

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August 18, 2016, 12:29:48 PM
 #1588

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.

You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.

Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
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August 18, 2016, 12:45:45 PM
 #1589

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.

You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.

Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
use both and use the advantages of each. it will be easier for us to do. because there is no perfect financial payment media.



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August 18, 2016, 01:04:06 PM
 #1590

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.

You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.

Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
use both and use the advantages of each. it will be easier for us to do. because there is no perfect financial payment media.

Yes, now we can't say that only single currency fiat or crypto give us proper profit, we should use both of them.  Currently there is no other option but to keep on using the both, Fiat and digital currency.   

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August 18, 2016, 01:46:35 PM
 #1591

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.

You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.

Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
use both and use the advantages of each. it will be easier for us to do. because there is no perfect financial payment media.

Yes, now we can't say that only single currency fiat or crypto give us proper profit, we should use both of them.  Currently there is no other option but to keep on using the both, Fiat and digital currency.   
And I still see in the future they will still both exist and work together, paper money will not be lost in the circulation as it is more easy and practical to use for people who has no idea on how to start with online transaction, let us face the reality that it can never happen that bitcoin will rule the world.



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August 18, 2016, 08:20:04 PM
 #1592

Interesting thoughts, the future is in your fingertips.
what interesting thoughts? paper money have no future, deal with it, in my opinion bitcoin or some othe currency is going to conquer the world in the near future
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August 19, 2016, 06:32:09 AM
 #1593

Interesting thoughts, the future is in your fingertips.
what interesting thoughts? paper money have no future, deal with it, in my opinion bitcoin or some othe currency is going to conquer the world in the near future

The Chinese central bank has announced that it is going to research on the issuing of digital currency. So it might issue one after some time.

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August 19, 2016, 06:39:12 AM
 #1594

I think that paper money will be gone in the future. How low it is going to take I don't know. Everything is getting more and more digital and money is one of those things. But it will be a whole process getting rid of the paper money.

You wanna tell that fiat currency would be end in future? No chance i don't think it would be happened in future, i believe fiat or paper money always remain in future and till in the end of the world, but crypto currency also have a great part, so i believe both curriencies will be remain in future and we will utilize them in different ways and get profit.

Yup if we have an opportunity to use both of them then why to go with a single currency, use both of them according to your convenience as paper money is more useful at a moment to spend it at physical places.
How would you propose that both could be use in conjunction with each other, would the paper notes be tied to the blockchain and if so how will fraud be stopped?

I don't think you could use both, it's one or the other.

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August 19, 2016, 04:10:46 PM
 #1595

Interesting thoughts, the future is in your fingertips.
the future is in our hands for sure, we need to use papermoney as less as possible in order for bitcoin to become big

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August 19, 2016, 06:44:36 PM
 #1596

Paper money as it currently exists has no future. However if paper money is covered one hundred percent by Gold, Bitcoins, Silver or something else which can not created just out of air, then it could have a future. The mess started when elites decided to abolish Gold covered paper money.

Interesting thoughts, the future is in your fingertips.
what interesting thoughts? paper money have no future, deal with it, in my opinion bitcoin or some othe currency is going to conquer the world in the near future

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August 19, 2016, 07:55:03 PM
 #1597

Paper money as it currently exists has no future. However if paper money is covered one hundred percent by Gold, Bitcoins, Silver or something else which can not created just out of air, then it could have a future. The mess started when elites decided to abolish Gold covered paper money.

I assume that in your variety of economics goods produced and services rendered don't count as something else which is not created just out of air? If so, you essentially deprive the total majority of real goods (save for gold, silver and something else which is not goods) of their value and usefulness to people...

Which obviously doesn't make much sense. And what's the inference then?

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August 19, 2016, 08:15:07 PM
 #1598

Paper money as it currently exists has no future. However if paper money is covered one hundred percent by Gold, Bitcoins, Silver or something else which can not created just out of air, then it could have a future. The mess started when elites decided to abolish Gold covered paper money.

I assume that in your variety of economics goods produced and services rendered don't count as something else which is not created just out of air? If so, you essentially deprive the total majority of real goods (save for gold, silver and something else which is not goods) of their value and usefulness to people...

Which obviously doesn't make much sense. And what's the inference then?
The difference between the paper currency bitcoin, and no no. Everything just depends on how they refer to this currency, banks and the state. If you take something for cryptocurrency malpractices Bitcoin is not used more often than the currency of any other State.
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August 19, 2016, 08:23:05 PM
 #1599

The average joe is never going to start using Bitcoin over paper money. It will just be too complicated for the average person who can't even set up their TVs remote control. What about when they can't remember their password? What about mentally ill? Paper money is just more simple.
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August 19, 2016, 08:25:53 PM
 #1600

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


Paper money can not be banned entirely because people will use it every time and it can not be replaced with anything else.
As long as the human exists always will be something that people will transfer hand by hand like paper money.

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