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Author Topic: The future of the paper money  (Read 404046 times)
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September 08, 2016, 04:47:30 PM
 #1761

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
You mean to say paper money is not a better application/technology to have?
I believe bitcoin will reach the level of what paper money has achieved with financial system and also it will influence online payment system. Paper money already in struggle for it's survival. Bitcoin will boost the extinction of paper money.

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September 08, 2016, 05:09:40 PM
 #1762

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
You mean to say paper money is not a better application/technology to have?
I believe bitcoin will reach the level of what paper money has achieved with financial system and also it will influence online payment system. Paper money already in struggle for it's survival. Bitcoin will boost the extinction of paper money.


Dude He mean to say that bitcoin is superior than paper money So I would agree with him and even I am believing that bitcoin is having that much potential then in future bitcoin is the first costliest stock in some years.

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September 13, 2016, 04:29:47 PM
 #1763

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
You mean to say paper money is not a better application/technology to have?
I believe bitcoin will reach the level of what paper money has achieved with financial system and also it will influence online payment system. Paper money already in struggle for it's survival. Bitcoin will boost the extinction of paper money.


Dude He mean to say that bitcoin is superior than paper money So I would agree with him and even I am believing that bitcoin is having that much potential then in future bitcoin is the first costliest stock in some years.

I agree with that. The digital money will replace the paper money in the future. The Chinese government is going to issue digital money soon.

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September 13, 2016, 04:34:24 PM
 #1764

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
You mean to say paper money is not a better application/technology to have?
I believe bitcoin will reach the level of what paper money has achieved with financial system and also it will influence online payment system. Paper money already in struggle for it's survival. Bitcoin will boost the extinction of paper money.


Dude He mean to say that bitcoin is superior than paper money So I would agree with him and even I am believing that bitcoin is having that much potential then in future bitcoin is the first costliest stock in some years.

Bitcoin is definitely better then paper money but its hard to believe that it can ever replace paper money or make it disappear as fiat is widely used and accepted and it also holds maximum number of satisfied users.
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September 13, 2016, 04:37:50 PM
 #1765

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
You mean to say paper money is not a better application/technology to have?
I believe bitcoin will reach the level of what paper money has achieved with financial system and also it will influence online payment system. Paper money already in struggle for it's survival. Bitcoin will boost the extinction of paper money.


Dude He mean to say that bitcoin is superior than paper money So I would agree with him and even I am believing that bitcoin is having that much potential then in future bitcoin is the first costliest stock in some years.

Bitcoin is definitely better then paper money but its hard to believe that it can ever replace paper money or make it disappear as fiat is widely used and accepted and it also holds maximum number of satisfied users.
even though we know or acknowledge that bitcoin is better than paper money, but for the community at large, I think they prefer to use paper money of the bitcoin in the real world. because the use of paper money is still said to be very easy without the use bitcoin, but in the future, I think bitcoin and banknotes have the same position in the eyes of the people


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September 13, 2016, 04:41:32 PM
 #1766

oh the future of the paper money? of course it's future is burning.
Nowdays people are using visa/master card, paypal and other paying systems, if we would say it shortly, people are using paying cards. Also nowdays smartphones has built in NFC which means that we can pay without cards, only using our smartphone. Also there is virtual alternative of money and that's bitcoin. Only bitcoin can't replace paper money but payable cards and NFC system can change it.

Imagine that you don't need wallet in your pocket and money on it, use only your mobile phone and everything is done ok, I think this is the real future but it needs time to be fully and globally released because there are some poor countries.

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September 13, 2016, 04:43:31 PM
 #1767

oh the future of the paper money? of course it's future is burning.
Nowdays people are using visa/master card, paypal and other paying systems, if we would say it shortly, people are using paying cards. Also nowdays smartphones has built in NFC which means that we can pay without cards, only using our smartphone. Also there is virtual alternative of money and that's bitcoin. Only bitcoin can't replace paper money but payable cards and NFC system can change it.

Imagine that you don't need wallet in your pocket and money on it, use only your mobile phone and everything is done ok, I think this is the real future but it needs time to be fully and globally released because there are some poor countries.

We are getting there.
The proportion of plastic money which is used in transactions has been on the rise. All high value transactions are done electronically these days.
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September 13, 2016, 05:09:20 PM
 #1768

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

no sense to have it paper, thwe meaning of bitcoin, is to be a trustless digital system, why you want to build useless paper that will have no value and promote counterfeiting and inflation and stuff like that?



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September 13, 2016, 05:13:53 PM
 #1769

banks and government control the whole country and every country have these two system but now bitcoin and other vryptocurremcys are the biggest challenge for paper money if it cam service them it will join on the digital currencys and if not then it will be extint for tje world and we will be at the future


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chaser15
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September 13, 2016, 07:08:49 PM
 #1770


..All high value transactions are done electronically these days.

Maybe in your place or those around your country. Also it only happened for developed countries.

Yes most of the transactions are done electronically these and Im myself always do that regularly but we can only say that because we are used to it everyday.


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mrhelpful
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September 13, 2016, 07:21:06 PM
 #1771

i mean it really depends right lol.

The only way though I see bitcoin still surving is because of the trash dollar fiat - so theres no debate on that so yes it will be around.
StoreBit
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September 13, 2016, 09:11:20 PM
 #1772

Do you think that Bitcoin has the chance to also become paper money one day? Or will it just stay digital currency forever?
i think it will stay digital currency for every because it is global currency and not under the influence of any state or person, but i can say that a time will come when all the people of the world will be using bitcoin instead of fiat currency.
CrimBit
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September 14, 2016, 01:54:29 AM
 #1773


..All high value transactions are done electronically these days.

Maybe in your place or those around your country. Also it only happened for developed countries.

Yes most of the transactions are done electronically these and Im myself always do that regularly but we can only say that because we are used to it everyday.

now people hate for have biggest money at his real wallet, people not feel the secure for holding cash money, and most of people now save his money at bank, then someone will hack all bank in the world, and that's time for "the decentralization currency " bitcoin for rise due less the risk of holding it.


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September 14, 2016, 10:42:24 AM
 #1774

Do you think that Bitcoin has the chance to also become paper money one day? Or will it just stay digital currency forever?
If you print the bitcoin paper wallet than it can be considered as bitcoin as paper money where you can load any amount of bitcoin you like and even you can spend those just by adding that address to web wallet like blockchain.info scanning private key.  Grin

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Dizaster2015
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September 14, 2016, 03:05:55 PM
 #1775

I think it is impossible to convert paper money into a digital format. Cash paper money should be. In poor countries, still have all their savings kept only in paper money and only home. No trust have different payment systems and virtual money. Maybe in the ideal course and good to get rid of paper money, but as long as to make it impossible.
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September 14, 2016, 03:23:50 PM
 #1776

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 is going to keep existing for just a couple years but eventually everything is going to be digital I am sure of that.
But when it is going to happen I do not know that answer of that.
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September 14, 2016, 03:31:18 PM
 #1777

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 is going to keep existing for just a couple years but eventually everything is going to be digital I am sure of that.
But when it is going to happen I do not know that answer of that.

A couple is just two. That would be faster than I expected. I dont think it will come true in my opinion. It will be there and will be the basis of how valuable a bitcoin is. Without it how would you say the price of bitcoin is?
Something like 1btc is equal to 2 grams of gold? It is going to be hard with that.

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September 14, 2016, 04:35:02 PM
 #1778

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 is going to keep existing for just a couple years but eventually everything is going to be digital I am sure of that.
But when it is going to happen I do not know that answer of that.

A couple is just two. That would be faster than I expected. I dont think it will come true in my opinion. It will be there and will be the basis of how valuable a bitcoin is. Without it how would you say the price of bitcoin is?
Something like 1btc is equal to 2 grams of gold? It is going to be hard with that.

Yeah and if everything gets digital in future we cannot ignore the fact that there will be many people who will prefer to use fiat as certain people will hesitate in using something that is totally new to them.
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September 14, 2016, 04:51:29 PM
 #1779

I think that paper money will still be used in future but not as often as now
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September 14, 2016, 04:53:40 PM
 #1780

because digital currency is decentralized, the government can get their hands controlling it which makes them quite useless while paper money are easy to track, totally backed by the government so they can do what they want with it: printing, holding, tracking,... If the government decides to incorporate with digital currency, there will be nothing good as they will try to alter it and control it. Furthermore, they still don't really love bitcoin so why the hell do they want to create one and use it? So paper money are still going to be the trend for a while
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