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Author Topic: The future of the paper money  (Read 403618 times)
skysblu
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September 05, 2016, 03:15:19 PM
 #1741

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.
thats true, though i still hate the fiat right now because it requires bank services while bitcoin relies only on yourself and nothing else

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September 05, 2016, 03:24:42 PM
 #1742

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.
Internet connection is needed at this time. when we use bitcoin then our lives must be 100% connected to the Internet network. and I think the resources in some countries and regions are still not ready.

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September 05, 2016, 04:17:00 PM
 #1743

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

That could really happen if a war in different countries will spark suddenly. I dont think they will care much about internet anymore. Once a line that connects it all be terrorized then it is all gone.
skylighters
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September 07, 2016, 10:39:48 PM
 #1744

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.
you are right, nowadays everything goes digital, but actually it even allows them to create more money over time and inflation gets bigger

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September 08, 2016, 04:43:46 AM
 #1745

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.

The paper money or the conventional fiat also relies more on the internet now. Most of the transactions are don online.
you are right, nowadays everything goes digital, but actually it even allows them to create more money over time and inflation gets bigger

I think they are having problems with people saving too much money. They dont spend anymore that is why the government is forced to create more. If only people are spending while saving also a part of their salaries then it wont inflate.

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September 08, 2016, 04:47:44 AM
 #1746

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.
There are definitely some people who believe far too much that Bitcoin will become the main currency for everything, and simply put the chances or it happening are very minute and incredibly unlikely, and I do think there needs to be a dose of reality every here and there.

The internet collapsing is unlikely, however possible, but then it would be all goods related. Those who have something will trade their thing for what they want or need for something that someone else wants/needs.














 

 

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September 08, 2016, 06:06:21 AM
 #1747

Okay I read too much are really believing that it is bitcoin that will be the main money.
Think again. I think we are better than that.
Bitcoin relies with the internet. Paper money dont. It is still the easy way to transact specially with retail stores and with buying food in vendors outside of our houses or in the streets.
Look, what will happen if suddenly internet collapse? Then you will go back to paper money? Or you will do the old time trading with clothes for food or some gold for food? It will get harder to trade again without it.
There are definitely some people who believe far too much that Bitcoin will become the main currency for everything, and simply put the chances or it happening are very minute and incredibly unlikely, and I do think there needs to be a dose of reality every here and there.

The internet collapsing is unlikely, however possible, but then it would be all goods related. Those who have something will trade their thing for what they want or need for something that someone else wants/needs.
Bitcoin will always be the digital currency that will dominate in the online world but people has the liberty of choosing what makes them comfortable in transacting business, and I believe majority of the people will choose paper money due to its security and simplicity.

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chaser15
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September 08, 2016, 07:14:23 AM
 #1748


There are definitely some people who believe far too much that Bitcoin will become the main currency for everything, and simply put the chances or it happening are very minute and incredibly unlikely, and I do think there needs to be a dose of reality every here and there.

The internet collapsing is unlikely, however possible, but then it would be all goods related. Those who have something will trade their thing for what they want or need for something that someone else wants/needs.

Yes so much believe in bitcoin to the point that they think it will become more dominant than the paper money.

Paper money doesn't even reached the 100% of physical transactions worldwide so how much less in bitcoin where it can only run with internet connection.


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adibe
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September 08, 2016, 07:47:37 AM
 #1749

The future of the paper money is not good, because every year our life become more digital and someday paper money will change into digital money, but i'm sure paper money still used even the digital money era is begin.
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September 08, 2016, 08:01:06 AM
 #1750

The future of the paper money is not good, because every year our life become more digital and someday paper money will change into digital money, but i'm sure paper money still used even the digital money era is begin.

Given that every year our life becomes more digital and technical paper money would not be that easily abolish or be replaced by digital money.  Yeah, many digital currency are now circulating and it actually gives us real outcome just like paper money.  Countries around the world are not all into this digital and technical change.  Some places still do not have electricity and poverty is so much.  Maybe some of them still have not seen a computer. 

It could be replaced by digital currency maybe a 100 years from now.
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September 08, 2016, 08:04:18 AM
 #1751

The future of the bitcoin is not so good right now but we will see what is gonna happen with it these days due to fact everything is gonna be more digital.
I even think that in the future the paper money will be used not often anymore..
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September 08, 2016, 08:08:58 AM
 #1752

Paper money is going to keep existing for another couple of years because I think that we are not ready for everything to be digital at the moment.
We have to take it slow and not rush things because then things will go wrong.
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September 08, 2016, 08:09:54 AM
 #1753

There's no future for the paper cash. It's going to be a cashless society pretty soon, if not the next year. I hope this will at least ease our lives.
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September 08, 2016, 11:23:52 AM
 #1754

There's no future for the paper cash. It's going to be a cashless society pretty soon, if not the next year. I hope this will at least ease our lives.


Nope, i disagree with you even how technology is developed  in the future and even how bitcoin would be a huge success in the future. FIat would be still there and  no one could possibly replace it since its well established already even  how you say there would be cashless but still you need money on daily basis.


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September 08, 2016, 11:42:08 AM
 #1755

There's no future for the paper cash. It's going to be a cashless society pretty soon, if not the next year. I hope this will at least ease our lives.


Nope, i disagree with you even how technology is developed  in the future and even how bitcoin would be a huge success in the future. FIat would be still there and  no one could possibly replace it since its well established already even  how you say there would be cashless but still you need money on daily basis.

Yeah and even in future there will be many places where only fiat can take care, no doubt bitcoin will become bigger in future but it don't have that high tendency to replace fiat.
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September 08, 2016, 01:27:29 PM
 #1756

There's no future for the paper cash. It's going to be a cashless society pretty soon, if not the next year. I hope this will at least ease our lives.


Nope, i disagree with you even how technology is developed  in the future and even how bitcoin would be a huge success in the future. FIat would be still there and  no one could possibly replace it since its well established already even  how you say there would be cashless but still you need money on daily basis.

Yeah and even in future there will be many places where only fiat can take care, no doubt bitcoin will become bigger in future but it don't have that high tendency to replace fiat.
The only thing I am certain is that bitcoin will be more popular as a digital online currency but it can never replace the popularity of paper money. Paper money will remain in the circulation as all people in the earth are comfortable of using paper money even if you are rich or poor.

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September 08, 2016, 01:29:29 PM
 #1757

There's no future for the paper cash. It's going to be a cashless society pretty soon, if not the next year. I hope this will at least ease our lives.


Nope, i disagree with you even how technology is developed  in the future and even how bitcoin would be a huge success in the future. FIat would be still there and  no one could possibly replace it since its well established already even  how you say there would be cashless but still you need money on daily basis.

Yeah and even in future there will be many places where only fiat can take care, no doubt bitcoin will become bigger in future but it don't have that high tendency to replace fiat.
The only thing I am certain is that bitcoin will be more popular as a digital online currency but it can never replace the popularity of paper money. Paper money will remain in the circulation as all people in the earth are comfortable of using paper money even if you are rich or poor.

Yup, I also think that bitcoin is going to be the King or ruler of the digital currencies. Because the bitcoin has an outstanding system and is also an excellent foundation for the future. I don't think that bitcoin is going to be a very big thing, because I just want to get an advantage and also the change of life when using bitcoin

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September 08, 2016, 01:37:12 PM
 #1758

Do you think that Bitcoin has the chance to also become paper money one day? Or will it just stay digital currency forever?

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September 08, 2016, 01:51:06 PM
 #1759

Do you think that Bitcoin has the chance to also become paper money one day? Or will it just stay digital currency forever?

It will just going to stay forever as digital currency. Because if this is going to be fiat then what is the essence of having a local currency.

The government is going to prefer more to use their own local currency, rather than adopting a new fiat with unstable price.

So it is going to remain digital currency forever.

dragunfly
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September 08, 2016, 04:33:39 PM
 #1760

Do you think that Bitcoin has the chance to also become paper money one day? Or will it just stay digital currency forever?
bitcoin will definitely not become like paper money, it is definitely a way better technology in my opinion and it is going to be way bigger

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