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Author Topic: The future of the paper money  (Read 403654 times)
Aamir1
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September 25, 2016, 08:22:12 AM
 #1841

Let's face the fact that our population is just a small percentage in the population of the whole world. There's 800K users in this forum, some even have plenty of alts and there are other Bitcoin users that aren't registered in this forum. Even if we add all of them, it's still not enough to influence the remaining ~6 billion people. The paper money would stay for a long time, it can't be replaced easily by crypto-currency.

Exactly, people say that majority has an authority, so the users of bitcoin community are nothing compared to the users of the world using fiat money, they would probably not let it happen that soon, maybe after many years that happens as fiat has been around for centuries and it is widely trusted in the whole world.



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September 25, 2016, 08:31:07 AM
 #1842

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
I agree with you . the power of paper money will still be used by many people in this world. even in some places still do not have a good infrastructure, paper money is spearheading an economy.


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September 25, 2016, 09:07:50 AM
 #1843

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
I agree with you . the power of paper money will still be used by many people in this world. even in some places still do not have a good infrastructure, paper money is spearheading an economy.
We cannot deny the fact that we will not enjoy life without paper money, not all the establishments and businesses will adopt to bitcoin even if it will be come very popular, paper money is the simplest money that everyone can use without any complicity.



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September 25, 2016, 09:29:02 AM
 #1844

I think paper money has so much pride in it and wont be going anywhere else bitcoin will remain just a internet currency and won't replace fiat.
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September 25, 2016, 09:52:02 AM
 #1845

Let's face the fact that our population is just a small percentage in the population of the whole world. There's 800K users in this forum, some even have plenty of alts and there are other Bitcoin users that aren't registered in this forum. Even if we add all of them, it's still not enough to influence the remaining ~6 billion people. The paper money would stay for a long time, it can't be replaced easily by crypto-currency.

Exactly, people say that majority has an authority, so the users of bitcoin community are nothing compared to the users of the world using fiat money, they would probably not let it happen that soon, maybe after many years that happens as fiat has been around for centuries and it is widely trusted in the whole world.

People are mindless sheeple en masse that are being led down the paths of life by a sort of shepherd. That wouldn't be much of a problem for individuals (such as bitcoiners) who want to pursue their own ways and which don't want to blindly follow the shepherd, but people are also very intolerable to an allegedly black sheep among them...



Unless it becomes a new shepherd (or Judas goat, just in case)

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September 25, 2016, 12:11:31 PM
 #1846

Let's face the fact that our population is just a small percentage in the population of the whole world. There's 800K users in this forum, some even have plenty of alts and there are other Bitcoin users that aren't registered in this forum. Even if we add all of them, it's still not enough to influence the remaining ~6 billion people. The paper money would stay for a long time, it can't be replaced easily by crypto-currency.

I am contrary to your opinion. I think it is not that easy to replace paper money with crypto currency. People are used to paper money. Crypto currency is for most hard to understand and it is even hard to use when you do not have technical skills. Of course, there are many projects which try to simplify the handling but there are still big hurdles which have to be overcome before crypto currency could really replace fiat money easily.

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September 25, 2016, 12:47:40 PM
 #1847

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
I agree with you . the power of paper money will still be used by many people in this world. even in some places still do not have a good infrastructure, paper money is spearheading an economy.
We cannot deny the fact that we will not enjoy life without paper money, not all the establishments and businesses will adopt to bitcoin even if it will be come very popular, paper money is the simplest money that everyone can use without any complicity.

They are just doing some stories to get the attention of people. Simple as that. If you fight with a currency that is already in history and still going on then there will be a lot of talk about it. Just like here.

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September 25, 2016, 12:51:02 PM
 #1848

Let's face the fact that our population is just a small percentage in the population of the whole world. There's 800K users in this forum, some even have plenty of alts and there are other Bitcoin users that aren't registered in this forum. Even if we add all of them, it's still not enough to influence the remaining ~6 billion people. The paper money would stay for a long time, it can't be replaced easily by crypto-currency.

I am contrary to your opinion. I think it is not that easy to replace paper money with crypto currency. People are used to paper money. Crypto currency is for most hard to understand and it is even hard to use when you do not have technical skills. Of course, there are many projects which try to simplify the handling but there are still big hurdles which have to be overcome before crypto currency could really replace fiat money easily.
Definitely true, paper money has been in the circulation for many years and people have already embraced paper money and they have the comfort in using it, here comes bitcoin the new digital currency which has a very good future but majority of the people will not adopt on it.

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September 25, 2016, 09:34:51 PM
 #1849

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
I agree with you . the power of paper money will still be used by many people in this world. even in some places still do not have a good infrastructure, paper money is spearheading an economy.
We cannot deny the fact that we will not enjoy life without paper money, not all the establishments and businesses will adopt to bitcoin even if it will be come very popular, paper money is the simplest money that everyone can use without any complicity.
true. paper money is still a vital part of the economic system in the world today. there are still many traditional transaction systems that require paper money.


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September 25, 2016, 09:52:22 PM
 #1850

I think paper money has so much pride in it and wont be going anywhere else bitcoin will remain just a internet currency and won't replace fiat.
yeah I agree with you, paper money is a symbol for a cash payment method or symbols for their own money, so I think whenever banknotes will never be dissapear

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September 26, 2016, 12:23:00 AM
 #1851

I think paper money has so much pride in it and wont be going anywhere else bitcoin will remain just a internet currency and won't replace fiat.
yeah I agree with you, paper money is a symbol for a cash payment method or symbols for their own money, so I think whenever banknotes will never be dissapear

Possibly. They put presidents and heroes faces in there so there is really pride on working to create it. It will be a hard fight if you want to delete that from the mainstream of people. Government controls so why would they want to change something they are proud off. Besides, they got a big ally which is people.

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September 26, 2016, 01:02:48 AM
 #1852

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
papermoney is going to go down for sure, i think that the price of the bitcoin is going to grow and dollar will be replaced

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September 26, 2016, 09:29:18 AM
 #1853

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
papermoney is going to go down for sure, i think that the price of the bitcoin is going to grow and dollar will be replaced
LOL!, you are kidding right, that would not happen dude, bitcoin is just an alternative currency without blessing of the law, this is a risky asset but useful, and although it will become popular, it cannot replace bitcoin though.

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September 26, 2016, 09:39:05 AM
 #1854

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
papermoney is going to go down for sure, i think that the price of the bitcoin is going to grow and dollar will be replaced

You must be kidding with us? how can it possible?
Paper money always remain in the world, if bitcoin is here or not, but bitcoin can't destroy the paper money. Also US Dollar is safe sound, if its price down or up but it never and ever be end, because in all over the world USD is used and also people know about it very well, but instead of bitcoin, majority of people don't know about bitcoin. 

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September 26, 2016, 11:15:52 AM
 #1855

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
papermoney is going to go down for sure, i think that the price of the bitcoin is going to grow and dollar will be replaced

Paper money is on the existence since the early years and still getting more power today. You think that kind of strong foundation can be just erase in the world easily just because of bitcoin?

Bitcoin transaction can only be done online. Bitcoin is useless when the world is offline.


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September 26, 2016, 11:21:07 AM
 #1856

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
papermoney is going to go down for sure, i think that the price of the bitcoin is going to grow and dollar will be replaced

Paper money is on the existence since the early years and still getting more power today. You think that kind of strong foundation can be just erase in the world easily just because of bitcoin?

Bitcoin transaction can only be done online. Bitcoin is useless when the world is offline.
well that's right since bitcoin doesn't even have any phyiscal form (regardless to any physical coin that have privkey inside it) bitcoin is indeed can't compete with paper money when it comes to real world,bitcoin still have so many disadvantages in offline mode honestly


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deisik
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September 26, 2016, 11:46:02 AM
 #1857

The fact here is you bitcoin can't disappear the paper money we are using this since bitcoin is not a part of community we all using paper since we born on earth and we still using it to buy bitcoin it has a bitcoin potenial to grow more our community and economics soon paper money is very important
papermoney is going to go down for sure, i think that the price of the bitcoin is going to grow and dollar will be replaced

Paper money is on the existence since the early years and still getting more power today. You think that kind of strong foundation can be just erase in the world easily just because of bitcoin?

Bitcoin transaction can only be done online
. Bitcoin is useless when the world is offline.

Whoever told you that is obviously not very knowledgeable about recent tendencies and developments in the Bitcoin world. While it is certainly not possible to transact on a large scale when "the world is offline", offline transactions (which don't get into the blockchain) are not only possible but are, in fact, a reality by now...

You may want to read about OpenDime devices (google it for more info)

maudevang
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September 26, 2016, 12:21:55 PM
 #1858

Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.

Hmm when you say developed I see Singapore. But I dont know man. Paper money got a lot of history in it. It will be hard for the government to change it specially for the people also.

But the government will have no choice if everybody is using bitcoin then what are they going to do ban the use of bitcoin if it's not regulated by authorities? That would make civil wars the next step lol anyways I don't think bitcoin will get far enough to be a real treat.
danherbias07
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September 26, 2016, 01:12:56 PM
 #1859

Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.

Hmm when you say developed I see Singapore. But I dont know man. Paper money got a lot of history in it. It will be hard for the government to change it specially for the people also.

But the government will have no choice if everybody is using bitcoin then what are they going to do ban the use of bitcoin if it's not regulated by authorities? That would make civil wars the next step lol anyways I don't think bitcoin will get far enough to be a real treat.

Banning will be easy for them actually. But it will be fought by big investors not really us. We will lose if we fight because we are lacking in numbers. If those big investors says there will be a big lost for them then the government will have a hard time dealing with it specially if those are their clients too.

dunfida
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September 26, 2016, 01:14:53 PM
 #1860

Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.

Hmm when you say developed I see Singapore. But I dont know man. Paper money got a lot of history in it. It will be hard for the government to change it specially for the people also.

But the government will have no choice if everybody is using bitcoin then what are they going to do ban the use of bitcoin if it's not regulated by authorities? That would make civil wars the next step lol anyways I don't think bitcoin will get far enough to be a real treat.

I dont see anything that  bitcoin would  be threat to us people since it would really give us  opportunities and convenience in near future  but  i could only see  threats   against government and  other  firms which are related to economy if bitcoin would   be developed and  being adopted more in the future then it would be a problem for some. FUture  of paper money would  be still there since people are using  commonly fiat.


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