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Author Topic: The future of the paper money  (Read 404066 times)
Positid
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October 02, 2016, 07:11:17 AM

In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.

Soon is too near. I think we will die first and wont see that happening. If there will be chaos and all paper money will be burned then that might happen. But for sooner or later it wont. Not yet. There are too much paper works that needed to be handled before that and some time at the court.
Not gonna happen even in my dreams, paper money will remain in the circulation as it has been, bitcoin is just a newbie in the currency world and not even recognize by the majority of the people, so with that paper money are more powerful than bitcoin.

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October 02, 2016, 01:04:31 PM

I think that paper money can't dissappear, because there always will remain people who don't trust these 1s and 0s and prefer matter. Just like books won't be replaced by electronic books totally. However, maybe paper money will become some sort of a rare thing and most of people will use cryptocurrencies.

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October 02, 2016, 04:09:36 PM

Paper money will never disappear because people will always need to trade physical things. For exemple, how will you do when there's electricity cuts ? No financial activity at all ?

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October 02, 2016, 05:16:48 PM

Paper money will never disappear because people will always need to trade physical things. For exemple, how will you do when there's electricity cuts ? No financial activity at all ?

yeah i agree,, there should always be an alternative Cheesy for now bitcoin maybe an alternative but if bitcoin become mainstream,paper money will not become obsolete, instead it can become as an alternative just like what i qouted said, when there is a power interruption, paper money can do the thing Smiley

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October 03, 2016, 02:33:19 AM

Paper money will never disappear because people will always need to trade physical things. For exemple, how will you do when there's electricity cuts ? No financial activity at all ?

yeah i agree,, there should always be an alternative Cheesy for now bitcoin maybe an alternative but if bitcoin become mainstream,paper money will not become obsolete, instead it can become as an alternative just like what i qouted said, when there is a power interruption, paper money can do the thing Smiley

I do believe that paper money is not going to disappear because a lot of people are used to use it for a long time already. And if paper money are going to be gone easily and going to be replaced by bitcoin, the users will going to have hard time for adopting bitcoins and going to have culture shock on it.

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October 03, 2016, 06:15:23 AM

Paper money will never disappear because people will always need to trade physical things. For exemple, how will you do when there's electricity cuts ? No financial activity at all ?

Nowadays, portable devices and electricity is very common, power interruptions is not a problem anymore since it is always in demand and a necessity. So you could still do online transaction during those days.  But still, not all has the access to good technology and to this things that we have, so paper money would still survive along with bitcoin. Not all also wants to use bitcoin.

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October 03, 2016, 06:44:51 AM

Paper money will never disappear because people will always need to trade physical things. For exemple, how will you do when there's electricity cuts ? No financial activity at all ?

Nowadays, portable devices and electricity is very common, power interruptions is not a problem anymore since it is always in demand and a necessity. So you could still do online transaction during those days.  But still, not all has the access to good technology and to this things that we have, so paper money would still survive along with bitcoin. Not all also wants to use bitcoin.
Paper money is easy to use compared to bitcoin and even how successful bitcoin it cannot replace paper money, people or the majority of people will always prefer to use paper money as they do not have transaction online, only few of the people in earth are into online transaction as most of us are still in poverty.

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October 03, 2016, 07:00:28 AM

In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.
I would like to  disagree, even how  the transaction would be developed like you said credit cards and  debit cards  but still you would need  to reload or pay it  with fiat and theres no way  that fiat could  be replaced  by bitcoin anytime soon. Its really wrong to assume this kind of things  because  it wont happen.

It is better if both fiat and cryptocurrency exist in harmony. Both of them have their strenghts and weaknesses. And it is more profitable trading fiat and bitcoin.

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October 03, 2016, 08:22:14 AM

Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.
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October 03, 2016, 02:33:47 PM

Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.
I also think that paper money is going to be around for some time because we are still not ready to go digital all the way.
It would also not be handy for the older people because they have nothing incoming with things being digital.
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October 03, 2016, 02:38:28 PM

Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.

Thank you for clarifying it for other to really see it.
They are too much clinged on how bitcoin changed their life and now they want everything to be run by it. Not thinking about the consequences.
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October 03, 2016, 03:12:12 PM

Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.

Thank you for clarifying it for other to really see it.
They are too much clinged on how bitcoin changed their life and now they want everything to be run by it. Not thinking about the consequences.

There are people  do really rush  up into things which they dont see on the progress and time  required  in able to  achieve such thing . Yes, in future  their would   be somehow a digital transactions which could make some cashless transactions  but still  i wont believe that these things would  replace fiat anytime soon.


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October 03, 2016, 03:18:12 PM

I think that paper money can't dissappear, because there always will remain people who don't trust these 1s and 0s and prefer matter. Just like books won't be replaced by electronic books totally. However, maybe paper money will become some sort of a rare thing and most of people will use cryptocurrencies.

Thats right, paper money might become rare in coming years when crypto might take over the world which has started slowly in the form of bitcoin, but paper money cannot be totally vanished as there would probably be people like to use that too on the side.
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October 03, 2016, 04:05:52 PM

Paper money is going to keep existing for some time now because it is way to soon for us to make everything about money digital.
We should not rush things because then things will go wrong, time is needed for something big like that.

That's right, the main thing is not to hurry. The transition from one currency to another may not be fast. People are not all ready for such changes. They are hard to break the habit of paper money
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October 03, 2016, 05:45:41 PM

In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.

Whether it is because of Crypto or other service types, the future of paper money is very limited

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October 04, 2016, 02:19:12 AM

In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.

Whether it is because of Crypto or other service types, the future of paper money is very limited

I do believe that paper money will be gone in the future, because of the global warming the banks are not able to print more paper money because it requires to cut down trees just for the materials of making new supply of paper money. So this is going to be a eco-friendly adoption if we will going to use bitcoins that just requires internet and computer and don't need to cut down trees to make it.

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October 04, 2016, 04:15:26 AM

In my opinion paper money will be removed soon or later, because credit and debit cards as bitcoin will turn and become the main way to move your money.

Whether it is because of Crypto or other service types, the future of paper money is very limited

I do believe that paper money will be gone in the future, because of the global warming the banks are not able to print more paper money because it requires to cut down trees just for the materials of making new supply of paper money. So this is going to be a eco-friendly adoption if we will going to use bitcoins that just requires internet and computer and don't need to cut down trees to make it.
Wow that was a gross statement dude, you have so much confidence on bitcoin that you will tell it will make paper money gone, but for me that will not happen even how successful bitcoin it, it was the government who created it so you have to abolish government first to eliminate paper money in the circulation.

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October 04, 2016, 04:30:45 AM

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.
Paper money will not going to be disappeared with bitcoin because paper money is we are using it couple of years and it can just easily be dead every one using it we know that and keep on holding bitcoin to have and save money from exchange website and other things

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October 04, 2016, 07:40:34 AM

The future is only of bitcoins and not paper money.
That is maybe true but paper money is going to exist for a while and I also think that it is going to differ from country to country because some country cannot afford that.
To make everything about money digital requires much money.
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October 04, 2016, 07:51:43 AM

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.
Paper money will not going to be disappeared with bitcoin because paper money is we are using it couple of years and it can just easily be dead every one using it we know that and keep on holding bitcoin to have and save money from exchange website and other things
If paper money will disappear that means there is a global crisis and world war might happen, it is not good to see only bitcoin in the circulation as not all people are capable of using online transaction. We should understand that we do not have the same level of learning.

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