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Author Topic: The future of the paper money  (Read 403582 times)
mace15
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October 07, 2016, 05:50:08 AM
 #1921

In my point of view, I don't think paper money will completely
disappear any time in the near future.We may even get to the
point where paper money transactions become incredibly rare
for some,  they already are! At that point, the tables  could turn
and what we now consider paper money may actually act as the
backing to our electronic currency.

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October 07, 2016, 05:52:32 AM
 #1922

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.
Actually, only some countries use paper money, such as the USA. The rest of the world uses plastic money. Maybe one day bitcoin will catch on, but that will take a very long time.
LOL! what are you saying?

I think plastic money can be considered as paper money because it is the popular term in the world. I do not hear anyone saying our country is using plastic money.

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October 07, 2016, 06:34:15 AM
 #1923

maybe if bitcoin legalization would be a lot of controversy because bitcoin is still widely debated issue of theft. security and others. but I think bitcoin let it grow to become when all the problems bitcoin has been completed. possibly it could think of to release bitcoin

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October 07, 2016, 07:42:44 AM
 #1924

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.
Actually, only some countries use paper money, such as the USA. The rest of the world uses plastic money. Maybe one day bitcoin will catch on, but that will take a very long time.
LOL! what are you saying?

I think plastic money can be considered as paper money because it is the popular term in the world. I do not hear anyone saying our country is using plastic money.

Even if this "plastic money" was actually made from paper (and I guess some "plastic" cards are made from sort of pressed paper, not real plastic), we still couldn't call it paper money. I think that the main difference between paper money and varieties of digital money lies in the way how transactions are processed. If they are processed in a centralized way by a third party, then we are dealing with digital money. Otherwise, it is paper money (cash)...

In this way, specie should also be considered as paper money of sorts

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October 07, 2016, 07:43:57 AM
 #1925

It is the question of attitude towards the cybercurrencies, and it has a long, long way to go (which is good for us, accepted btc early, which will give more profit).
Let`s be frank: when my older relatives receive their salaries on their debit cards, they imediately go and convert it to cash. There is still less confidence in plastic than in cash, not speaking about btc in some countries.

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October 07, 2016, 07:46:01 AM
 #1926

maybe if bitcoin legalization would be a lot of controversy because bitcoin is still widely debated issue of theft. security and others. but I think bitcoin let it grow to become when all the problems bitcoin has been completed. possibly it could think of to release bitcoin

ahah, it certainly would be possible as it is. But I am sure that those who are arguing over it all, when knowing the advantages of the bitcoin actually, I make sure that they will be silent and began to trust the bitcoin. It will then do something better than anyone else


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October 07, 2016, 07:51:25 AM
 #1927

The future of paper money is going to vary in every country.
Probably because of different mentality of the people.
Some countries will sooner change completely to online payments, others will do that later.
But at some point I think the world will be free of paper money. If that takes decades or centuries I can not say.

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October 07, 2016, 08:02:42 AM
 #1928

Paper money is really out dated for our time but I don't think it will die out so soon yet and will probably be here for many more years.
Bitcoin doesn't have big enough backers to even remotely damage fiat and take over which I wish it had ofcourse.
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October 07, 2016, 08:14:54 AM
 #1929

Although digital currency later widely used and highly advanced, it will not affect the existence of the banknote. Paper money is still the main priority in until whenever transsaksi and can never be replaced or removed. Paper money is a payment instrument that can be used perfectly without the use of the process, so I am sure it will still be used.
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October 07, 2016, 04:35:52 PM
 #1930

Although digital currency later widely used and highly advanced, it will not affect the existence of the banknote. Paper money is still the main priority in until whenever transsaksi and can never be replaced or removed. Paper money is a payment instrument that can be used perfectly without the use of the process, so I am sure it will still be used.

The Chinese government or the central bank is doing research on the digital currency, that might replace bank note.

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October 07, 2016, 09:24:41 PM
 #1931

to me the future of paper money is still ok and there is nothing wrong to it, as majority of the people of the world still using paper money and it will take still a lot of time that people start using bitcoin for shopping, therefore we can say that still there is nothing wrong to paper money.
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October 08, 2016, 05:09:06 AM
 #1932

There are many apps that combine all the services, including various credit cards into one app and those are starting to add crypto. 

This is the future and on top of all that, the smart phones are now opening the doors at the house, logging people into their PC’s and handling almost all the aspects of life, from scheduling to security

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October 08, 2016, 05:09:49 AM
 #1933

to me the future of paper money is still ok and there is nothing wrong to it, as majority of the people of the world still using paper money and it will take still a lot of time that people start using bitcoin for shopping, therefore we can say that still there is nothing wrong to paper money.
Because it is simple to use paper money, people will prefer to use it than bitcoin or any digital currency for their daily lives. Bitcoin is only good for online transactions and we know that not all people are not into online, and maybe majority of the people does not transact online.

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October 08, 2016, 06:04:01 AM
 #1934

Paper money will always be there, though btc may not be there if misuse continues or does not add the value to the world in coming time or something else comes which add more utility then bitcoin and more convenient than it.


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October 08, 2016, 07:04:36 AM
 #1935

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.
I think its better to say underdeveloped or developing countries rather than only asian countries. Few of the asian countries are already technologically advanced and use electronic payment systems however for sure in this under and developing countries will have majority of population who will be happy to use paper money rather than electronic payment systems in future too.


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October 08, 2016, 07:50:10 AM
 #1936

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.
I think its better to say underdeveloped or developing countries rather than only asian countries. Few of the asian countries are already technologically advanced and use electronic payment systems however for sure in this under and developing countries will have majority of population who will be happy to use paper money rather than electronic payment systems in future too.
I agree with you dude, Japan and China are both in Asia but they are both developed countries.

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October 08, 2016, 09:57:37 AM
 #1937

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.
I think its better to say underdeveloped or developing countries rather than only asian countries. Few of the asian countries are already technologically advanced and use electronic payment systems however for sure in this under and developing countries will have majority of population who will be happy to use paper money rather than electronic payment systems in future too.
I agree with you dude, Japan and China are both in Asia but they are both developed countries.

Japan would qualify as a developed country, but China?
China is a large economy with one of the highest growth rates in the world... and that is because they are transition from a developing to developed economy.

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October 08, 2016, 10:04:54 AM
 #1938

The paper money will keep being used by people, especially at asian country, because i'm at asian country and people still using paper money and even the digital money era come, paper money will keep exist.
I think its better to say underdeveloped or developing countries rather than only asian countries. Few of the asian countries are already technologically advanced and use electronic payment systems however for sure in this under and developing countries will have majority of population who will be happy to use paper money rather than electronic payment systems in future too.
I agree with you dude, Japan and China are both in Asia but they are both developed countries.

That's fair, at the same you need to think about the true reality behind this. Every people need to be taught something about technology, which is not possible in every country. For this reason most will continue using paper money, though they get into advancement and start using digital currencies.

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October 08, 2016, 12:26:22 PM
 #1939

I do believe that will change something into the next 10-25 years, because we need to moove to renew energy as well start take care the world we do live, soo taking that in consideration i believe printed money will change to digital money.


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October 08, 2016, 12:31:30 PM
 #1940

I do believe that will change something into the next 10-25 years, because we need to moove to renew energy as well start take care the world we do live, soo taking that in consideration i believe printed money will change to digital money.

It could have happened, but we don't get too deep to think about a few things that are not necessarily happen in the future. because sometimes what we think produces things that turn from work, something we think about things that can give you an advantage though. It's better than having to wait for something that is not yet certain, and if we can keep some



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WiC





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