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Author Topic: The future of the paper money  (Read 403602 times)
pitham1
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November 17, 2015, 01:17:40 AM
 #181

the problem is not the "e-money" ... the problem is the QE associate to this.
that's why Bitcoin win at the end.

because QE don't serve people.
bitcoin serve (and save) people.

https://www.youtube.com/watch?v=joITmEr4SjY

QE is an extreme form of currency debasement. It is tough for governments to have access to easy money and resist the temptation to take it. Currency debasement has existed for centuries.

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November 17, 2015, 01:23:17 AM
 #182

and that's why war exist ... since this process.
we can stop this on this decade with a massive adoption in a trusted network solution.
network controlled by people and not by corporation.

P2P solution have already resolve many problem in file transfer and resistance to age (freenet, emule, torrent).
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November 17, 2015, 06:16:16 AM
 #183

Paper money will stay forever.
Why? Because its easier to make than coins.


Agreed. BUT if Governments decide to end their paper format of currency Bitcoin will fill in the void of the anonymous currency.

Paying with cash is easy and anonymous...without it Bitcoin would thrive much faster.

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November 17, 2015, 06:21:15 AM
 #184

It definitely won't survive long at all. There is no real value in the money.
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November 17, 2015, 12:28:44 PM
 #185

There is no future. Every paper money system was collapsing after some time. The same will happen again. It's just a matter of time. I own also gold and silver in addition to bitcoin and altcoins.

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November 17, 2015, 01:36:05 PM
 #186

I don't think paper money will ever get banned. At least not worldwide, it really depends on the country you're living in.

If paper money will get banned, a lot of companies will go bankrupt, people will lose their jobs etc.
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November 17, 2015, 06:39:11 PM
 #187

Paper money will stay forever.
Why? Because its easier to make than coins.


Agreed. BUT if Governments decide to end their paper format of currency Bitcoin will fill in the void of the anonymous currency.

Paying with cash is easy and anonymous...without it Bitcoin would thrive much faster.

But Bitcoin is can make any transaction in a fraction of second from wallet to wallet easily. you can make online transaction also fraction Now Cheapair.com is accepting for Flight ticketing and Many website are BTC now. In future Sure Online shopping will accept BTC. then move up happily and fast.
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November 17, 2015, 08:04:19 PM
 #188

and that's why war exist ... since this process.
we can stop this on this decade with a massive adoption in a trusted network solution.
network controlled by people and not by corporation.

P2P solution have already resolve many problem in file transfer and resistance to age (freenet, emule, torrent).

Exactly, that is what Governements don't want. They want and need to monitor people and companies. Why don't you think any country is adopting bitcoin, or launch their own crypto currency...

The network, the control will be gone. Applying taxes will cost more time to conduct and even with the best manpower they will never catch the anon experts, since that is the main benefit of bitcoin/crypto currency's in general.

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November 17, 2015, 08:14:38 PM
 #189

Paper money will stay forever.
Why? Because its easier to make than coins.


Agreed. BUT if Governments decide to end their paper format of currency Bitcoin will fill in the void of the anonymous currency.

Paying with cash is easy and anonymous...without it Bitcoin would thrive much faster.

But Bitcoin is can make any transaction in a fraction of second from wallet to wallet easily. you can make online transaction also fraction Now Cheapair.com is accepting for Flight ticketing and Many website are BTC now. In future Sure Online shopping will accept BTC. then move up happily and fast.

With more and more companies starting to adopt Bitcoin, we will see bitcoin gaining more popularity. Eventually it Bitcoin will take over.

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November 18, 2015, 01:44:41 AM
 #190

Paper money, also called fiat currency or simply cash is a mode of payment since ancient times and is still being used in many countries.
As far as I can see, future of paper money is hell dark.. Technology is advancing, people prefer wireless things now, and thats the reason why people are liking bitcoins this much..
The reasons behind darkness for paper currencies is its failure of availness at every place and need of physical contact. Though there are banks but they are hell slow and still you will have to visit bank for them..
These disadvantages make it a thumb down for future.
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November 18, 2015, 04:25:09 PM
 #191

It will take years and years for paper money to be banned and for digital currency to take over.

The risk of this will be hackers, there's a bunch out there and it's not completely save.
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November 18, 2015, 04:31:44 PM
 #192

http://dcebrief.com/apple-ceo-tim-cook-your-kids-will-not-know-what-money-is/

Apple CEO just said that "our kids will not know what money is". Of course it turns he meant paper money. So that's the idea basically, everyone is pushing into a future where physical cash is just not there, therefore, our only hope to not become victims of the biggest surveillance state we've ever seen is Bitcoin.



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CryptoBjorn
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November 19, 2015, 09:12:29 AM
 #193

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 maybe it will be banned, but i dont think so it will happend when people don't use anymore. (more & more people don't use cash anymore so yeah)

* Maybe 5 or 10 years maybe 25% of 100% people will use cash and in 20 years I think no will use it. (It depends in poor country)

* Would it work.. mmm yes I think so. But the only concern is how save would it be.

* Well I am still afraid if something happend to my Bitcoin Wallet so I don't know. But in the bank I am not that afraid that I lose money is just they can see andcontrol.

* Wil bitcoin private is not a issue. But if it is the bank than I don't know they can control.
mouneshwar123
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November 19, 2015, 10:46:15 AM
 #194

Paper money won't exist in the future. But it will not happen in the next two or three decades. It will take time for the governments to adopt a digital currency. There will be issues regarding single person holding multiple anonymous wallets, wallet security etc.,

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November 19, 2015, 05:32:21 PM
 #195

Paper money won't exist in the future. But it will not happen in the next two or three decades. It will take time for the governments to adopt a digital currency. There will be issues regarding single person holding multiple anonymous wallets, wallet security etc.,

We have coins now, although paper money is far more convenient.
Coins haven't really been wiped out and exist side by side with paper money.
So to think about paper money not existing in the future is a bit extreme.
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November 19, 2015, 09:06:26 PM
 #196

Paper money won't exist in the future. But it will not happen in the next two or three decades. It will take time for the governments to adopt a digital currency. There will be issues regarding single person holding multiple anonymous wallets, wallet security etc.,

We have coins now, although paper money is far more convenient.
Coins haven't really been wiped out and exist side by side with paper money.
So to think about paper money not existing in the future is a bit extreme.
Paper money will exist but people won't use it as heavily as nowdays. Today many of my friends select shops or merchants based on the information if they're accepting contactless bank cards or not. People started to carry less and less cash and withdrawal from ATM became expensive, so why not to pay with card if it's possible, easy and quick (PayPass)
Today you can choose if you want to carry coins or paper money if you don't want to use bank card. If you want to do the weekend shopping, you can choose to carry coins (that amount will be heavy enough Smiley ) or paper money or bank card (or voucher, loyality cards, etc) but less and less people pays with cash.
The important thing is the ability to choose how we can carry our money with us, and in the future less and less people will choose physical money instead of digital

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November 20, 2015, 03:23:14 PM
 #197

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?


banning paper money entirely is a bad idea, and many people who dont know what digital currency will have a
hard time trusting it, even those who knows what digital currency still having a hard time accepting it.

pitham1
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November 21, 2015, 12:38:34 PM
 #198

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?


banning paper money entirely is a bad idea, and many people who dont know what digital currency will have a
hard time trusting it, even those who knows what digital currency still having a hard time accepting it.

If you ban paper money, it just means that people will use only credit and debit cards. It doesn't mean that you shift to cryptocurrencies.
Cash payments in France have already been limited to 1,000 EUR.
http://www.french-property.com/news/money_france/cash_payments_limits

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November 21, 2015, 12:49:11 PM
 #199

It will take years and years for paper money to be banned and for digital currency to take over.

The risk of this will be hackers, there's a bunch out there and it's not completely save.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

Ofc new "ways" to do "the same" will come, but it will not be as worst as now with fiat money.
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November 21, 2015, 12:53:27 PM
 #200

when ever new thing is applied old has to banish, in the century before barting system was done for trading, then they introduced coins then gold silver, then came paper currency, and then came online marketing business, ecommerce, online banking, and now bitcoin so when ever new comes old has to go. so when bitcoin becomes mode of payment paper money will become antique

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