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Author Topic: The future of the paper money  (Read 403526 times)
ZlaiaZaia
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August 23, 2016, 09:37:27 PM
 #1661

Digital currency will never replace paper money. There are such trade, where it is simply not do without them. Undoubtedly cryptocurrency for the future, but the real money is no substitute.
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August 23, 2016, 09:56:10 PM
 #1662

Digital currency will never replace paper money. There are such trade, where it is simply not do without them. Undoubtedly cryptocurrency for the future, but the real money is no substitute.
yeah I agree with you. real money could never be replaced. I think the real form of money must always be retained for our children and grandchildren later. I think if the money in the future is digital overall. can you think if all the data was lost? then we will be back in the stone age?


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August 23, 2016, 10:52:11 PM
 #1663

Digital currency will never replace paper money. There are such trade, where it is simply not do without them. Undoubtedly cryptocurrency for the future, but the real money is no substitute.
yeah I agree with you. real money could never be replaced. I think the real form of money must always be retained for our children and grandchildren later. I think if the money in the future is digital overall. can you think if all the data was lost? then we will be back in the stone age?
Look what not to calm the world today. The political situation between the two countries running high to the limit. The possibility of war or not is not for me to judge, but precautions need to be. And if everything is in digital format and the money and information, we really go back to the Stone Age if you apply a new weapon in the likeness of virus or something similar.
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August 24, 2016, 05:46:08 AM
 #1664

I think it is easy to know that paper money will be gone in future,  as even now, people uses credit cards more than paper money because it is easier to pay for something
yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind

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August 24, 2016, 06:51:07 AM
 #1665

I think it is easy to know that paper money will be gone in future,  as even now, people uses credit cards more than paper money because it is easier to pay for something
yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind



Even how many uses debit and credit cards , paper currency still  important because those cards are being refilled by paper currency itself. Cards are only serves as a wallet  for me  which gives  convenience to anyone because you wouldnt need to bring  bulks of bundled money in any transaction you made but think on what do you use on refilling those cards and its still paper currency.

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August 24, 2016, 07:12:37 AM
 #1666

I think it is easy to know that paper money will be gone in future,  as even now, people uses credit cards more than paper money because it is easier to pay for something
yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind


I guess you are right, if this thing happen then 80% - 95%  of world population will be left behind.  So basically this percentage will still use paper money which for them is most convenient.  Then if the majority of the population use it then what it is called?  So I think it digital currency  will never replace paper money.   See how digital currency adopt with its paper wallet? Cheesy

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entrepmind23
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August 24, 2016, 08:45:14 AM
 #1667

I think there will still be paper money in the future since there are still so many people that are not into new technology and would prefer to use paper money instead of digital one. Bitcoin is a money that the government can't control so they will find a way that will convince people to use paper money in which every time people spend it they have a share whereas in digital money they have no control. They will co-exist in the future as what is happening now but there may be more users of digital money as our technology is always innovating and sooner or later they will be introduced to bitcoin and be enticed to use it if they knew its advantages over paper money. But still older generations will prefer paper money because that is what they are used to and they don't want to complicate things with digital money.



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August 24, 2016, 09:50:23 AM
 #1668

I think it is easy to know that paper money will be gone in future,  as even now, people uses credit cards more than paper money because it is easier to pay for something
yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind


I guess you are right, if this thing happen then 80% - 95%  of world population will be left behind.  So basically this percentage will still use paper money which for them is most convenient.  Then if the majority of the population use it then what it is called?  So I think it digital currency  will never replace paper money.   See how digital currency adopt with its paper wallet? Cheesy

I do not like carrying paper money, experience when I lost and it could not come back. but when I always use a credit card, then I lost my credit cards and money is still safe. so in the future, I hope digital payment used by many people, because they do not have to carry paper money has a fairly high risk when lost.

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August 24, 2016, 01:21:37 PM
 #1669

I think it is easy to know that paper money will be gone in future,  as even now, people uses credit cards more than paper money because it is easier to pay for something
yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind


I guess you are right, if this thing happen then 80% - 95%  of world population will be left behind.  So basically this percentage will still use paper money which for them is most convenient.  Then if the majority of the population use it then what it is called?  So I think it digital currency  will never replace paper money.   See how digital currency adopt with its paper wallet? Cheesy

I do not like carrying paper money, experience when I lost and it could not come back. but when I always use a credit card, then I lost my credit cards and money is still safe. so in the future, I hope digital payment used by many people, because they do not have to carry paper money has a fairly high risk when lost.

Yeah with paper money there is most chances that you may get robbed but still I feel that paper money is good to use as it is accepted everywhere.
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August 24, 2016, 01:49:47 PM
 #1670

I think it is easy to know that paper money will be gone in future,  as even now, people uses credit cards more than paper money because it is easier to pay for something
yeah even today you can see how many people are using debit cards and credit cards bitcoin. they are currently using it entirely for shopping
and I think if this continues. maybe everyone will do the same thing and paper money will be left behind


I guess you are right, if this thing happen then 80% - 95%  of world population will be left behind.  So basically this percentage will still use paper money which for them is most convenient.  Then if the majority of the population use it then what it is called?  So I think it digital currency  will never replace paper money.   See how digital currency adopt with its paper wallet? Cheesy

I do not like carrying paper money, experience when I lost and it could not come back. but when I always use a credit card, then I lost my credit cards and money is still safe. so in the future, I hope digital payment used by many people, because they do not have to carry paper money has a fairly high risk when lost.

Yeah with paper money there is most chances that you may get robbed but still I feel that paper money is good to use as it is accepted everywhere.
Everything has a risk, even bitcoin is so risky when the user does not know how to protect his investment and it can easily be hack, even big exchanges was not safe to hacking how much more an individual. Paper money can be robbed but when we are careful with our money we can avoid that. We should take care of our money as that is our responsibility regardless if that is bitcoin or paper money.

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August 24, 2016, 02:14:12 PM
 #1671

Today, a lot more demands of society on the calculation of paper money for its tedious. While there will be a civilization so much and there will be paper money.
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August 24, 2016, 02:20:05 PM
 #1672

Replacing a paper money with digital is very strange, and i can't understand why people should do it? At my opinion paper money is better in all cases.

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August 24, 2016, 03:21:11 PM
 #1673

Replacing a paper money with digital is very strange, and i can't understand why people should do it? At my opinion paper money is better in all cases.

Well, for now yes, paper money still has an advantage over digital money... There is no sign yet that paper money will disappear or it will be banned by their state... Except if all the government has a problem of reproducing it...

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August 24, 2016, 03:28:52 PM
 #1674

Replacing a paper money with digital is very strange, and i can't understand why people should do it? At my opinion paper money is better in all cases.

Well, for now yes, paper money still has an advantage over digital money... There is no sign yet that paper money will disappear or it will be banned by their state... Except if all the government has a problem of reproducing it...

That's just the nature of profit in the transaction. because paper money giving something ease in every transaction is done and all the countries or communities also use paper money. However for the benefit of the investment, then I prefer the BTC for this, because it's better than investing with paper money
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August 24, 2016, 03:50:52 PM
 #1675

Replacing a paper money with digital is very strange, and i can't understand why people should do it? At my opinion paper money is better in all cases.

in some case i agree with your opinion, but in other case, like the simply to save, paper less, bitcoin/digital currency is better than paper money


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August 24, 2016, 10:57:09 PM
 #1676

Today I bought some chips with 2 quarters, quickly getting out of the store to catch the bus. I love Bitcoin, but it's not going to replace being able to quickly hand in two quarters and then back out. Small purchases like those. I mean if I payed with Bitcoin, or even a debit card, which isn't accepted at the grocery store would have been much more inconvenient.
well the transactions are immediate and you dont need to wait for any confirmations because no one would be bothering to double spend bitcoins because of the pack of chips, besides that shops can have cameras and take your identity and then you would be punished for stealing if you double spent it. PROBLEM SOLVED

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August 24, 2016, 11:09:13 PM
 #1677

Paper money already begins to not eistt as poly materials are used instead of paper.
A digital currency by the state would be less open to fraud and would be easier to be controlled (as some people can currently lie about the taxes they need to pay).

The abolishment of ppaper currency and coins is really unlkely to happen as not everyone uses the internet. However, in around 80 years, that would definitely be a good solution.

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August 25, 2016, 12:25:34 AM
 #1678

Today I bought some chips with 2 quarters, quickly getting out of the store to catch the bus. I love Bitcoin, but it's not going to replace being able to quickly hand in two quarters and then back out. Small purchases like those. I mean if I payed with Bitcoin, or even a debit card, which isn't accepted at the grocery store would have been much more inconvenient.
Why exactly not? With SegWit, Lightning Network and possible even more awesome upgrades to bitcoin protocol, transaction will be almost instantaneous.
And in that situation, you described if you would have bitcoin wallet in your smartphone installed you could scan QR code any cashier can generate and pay in matter of seconds.
We already have technology for that - all we need is will of people to know about this and change current system - which can be much harder.
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August 25, 2016, 03:39:51 AM
 #1679

Today I bought some chips with 2 quarters, quickly getting out of the store to catch the bus. I love Bitcoin, but it's not going to replace being able to quickly hand in two quarters and then back out. Small purchases like those. I mean if I payed with Bitcoin, or even a debit card, which isn't accepted at the grocery store would have been much more inconvenient.
Why exactly not? With SegWit, Lightning Network and possible even more awesome upgrades to bitcoin protocol, transaction will be almost instantaneous.
And in that situation, you described if you would have bitcoin wallet in your smartphone installed you could scan QR code any cashier can generate and pay in matter of seconds.
We already have technology for that - all we need is will of people to know about this and change current system - which can be much harder.
People will only be interested to listen bitcoin when they have assurance which is very hard for bitcoin to provide. The assurance like the banks offer that when you loss your money due to banks failure you will be refunded by insurance. But let us see in the future as I am pretty sure more innovation will be made to have the confidence of the people to adopt.

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August 25, 2016, 03:59:13 AM
 #1680

Paper money already begins to not eistt as poly materials are used instead of paper.
A digital currency by the state would be less open to fraud and would be easier to be controlled (as some people can currently lie about the taxes they need to pay).

The abolishment of ppaper currency and coins is really unlkely to happen as not everyone uses the internet. However, in around 80 years, that would definitely be a good solution.

But we cant see that anymore unless they found a way to make people immortal.  Grin We have to thank those who created this paper money. Without them. We might be bringing stones in our backpack and will be hunchback for just a couple of years.
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