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Author Topic: The future of the paper money  (Read 403524 times)
2girls
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October 08, 2016, 02:50:23 PM
 #1941

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.

There is not much room left in all that for paper money. A better question might be what is the future of ATM’s?

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October 08, 2016, 02:51:12 PM
 #1942

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.
Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

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October 08, 2016, 02:54:51 PM
 #1943

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.
Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Indeed it will need a machine. How do you transact everything thru bitcoin? There is no physical thing right? You will need either a cellular phone with an internet connection or a computer. That is still a machine.

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October 08, 2016, 02:58:08 PM
 #1944

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.
Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Everyone needs more paper money. They will be used for a long time. There are many situations in which you can pay only paper money. And the state does not allow as easy to remove them
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October 08, 2016, 07:03:07 PM
 #1945

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.
Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Everyone needs more paper money. They will be used for a long time. There are many situations in which you can pay only paper money. And the state does not allow as easy to remove them
yes and the reason is that bitcoin is still not so much popular as it is still a new crypto currency and still not a good number of people are using it, therefore bitcoin is not a threat to paper money in near future.
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October 09, 2016, 03:16:07 AM
 #1946

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.
Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Everyone needs more paper money. They will be used for a long time. There are many situations in which you can pay only paper money. And the state does not allow as easy to remove them
yes and the reason is that bitcoin is still not so much popular as it is still a new crypto currency and still not a good number of people are using it, therefore bitcoin is not a threat to paper money in near future.
There is no such thing can replace paper money and correct bitcoin is not a threat in the centralized currency even bitcoin would be more popular it would only alternative currency we can used specially in online transaction.

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October 09, 2016, 06:08:59 AM
 #1947

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.
Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Everyone needs more paper money. They will be used for a long time. There are many situations in which you can pay only paper money. And the state does not allow as easy to remove them
yes and the reason is that bitcoin is still not so much popular as it is still a new crypto currency and still not a good number of people are using it, therefore bitcoin is not a threat to paper money in near future.
There is no such thing can replace paper money and correct bitcoin is not a threat in the centralized currency even bitcoin would be more popular it would only alternative currency we can used specially in online transaction.
Bitcoin is a threat but not a big threat, bitcoin is a very small currency compared to the paper money that we are using now, although we are going to the digital world but the government does not eradicate paper money because they know there are people who cannot adopt the digital world.

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October 09, 2016, 09:13:47 AM
 #1948

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.
Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Indeed it will need a machine. How do you transact everything thru bitcoin? There is no physical thing right? You will need either a cellular phone with an internet connection or a computer. That is still a machine.

As an option, you could use a Bitcoin payment card, though it would still require a centralized payment processor to process transactions. I guess that even if there is no more fiat (not speaking of paper money), the existing infrastructure could already be used for that with a few minor mendings. Anyways, this seems to be the direction offline Bitcoin payments have followed. If paper money is gone, there is no need for ATM's anymore either...

Otherwise, it shouldn't and wouldn't go away

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October 09, 2016, 09:15:57 AM
 #1949

Paper money will be still there in the future but it will loose considerable amount of people using it.It is supported by the governments. Even when paper currency value falls down, government would change their policies to make its price stable.
Yes very important to us that paper money coz we use it everyday in our daily living. And paper money can not lost it coz we need that.

Is there going to be a need for a separate machine when the paper money is gone?

Everyone needs more paper money. They will be used for a long time. There are many situations in which you can pay only paper money. And the state does not allow as easy to remove them
yes and the reason is that bitcoin is still not so much popular as it is still a new crypto currency and still not a good number of people are using it, therefore bitcoin is not a threat to paper money in near future.
There is no such thing can replace paper money and correct bitcoin is not a threat in the centralized currency even bitcoin would be more popular it would only alternative currency we can used specially in online transaction.
Bitcoin is a threat but not a big threat, bitcoin is a very small currency compared to the paper money that we are using now, although we are going to the digital world but the government does not eradicate paper money because they know there are people who cannot adopt the digital world.

And the fact is Government will never support bitcoin and allow it to get on the mainstream and replace its national currency and even people will prefer to use bitcoin only as a secondary currency.
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October 09, 2016, 09:23:13 AM
 #1950

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.

There is not much room left in all that for paper money. A better question might be what is the future of ATM’s?
I think the future ATM will depend also on the bill, because when the paper money is not valid or does not use certain ATMs will also lose users, since most people would choose to send their money using their gadgets?


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October 09, 2016, 10:13:10 AM
 #1951

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.
that's right for now china can't be considered as a developed country yet,they're such a big country and now trying to be developed country,it would be right if you're mentioning japan and south korea instead of china and japan,and yeah there's also singapore that's already a developed country


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October 09, 2016, 10:26:00 AM
 #1952

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.

There is not much room left in all that for paper money. A better question might be what is the future of ATM’s?
I think the future ATM will depend also on the bill, because when the paper money is not valid or does not use certain ATMs will also lose users, since most people would choose to send their money using their gadgets?
I think bitcoin ATM would take a long time before to explore around the world now is just selected area has it because bitcoin is not yet too popular in every area we are, and fiat is much prefer by the person to use for their daily living.
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October 09, 2016, 02:23:40 PM
 #1953

I think paper money could be replaced with digital money and plastic and even a recourse based economy at some point in our human evolution but it will take time for this to happen. The whole banking and financial system that is currently in place now would really need a serious overhaul in my opinion.


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goinmerry
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October 09, 2016, 02:34:15 PM
 #1954

If USD is what we are talking about here then it is really in great danger. There have been news that it might fall and some financial analyst are already seeing it. The media also brought out some news regarding the possibly fall of it. Although not see in daily news it can be seen though some social media.
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October 09, 2016, 06:26:55 PM
 #1955

Nobody will know what the future will be of the paper money and as you can see now you see of course that Bitcoin is getting more used and it becomes also more popular.
But there are still a lot of people that dont even know how Bitcoin works and that is why paper money cant disappear.

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greBit
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October 09, 2016, 06:31:07 PM
 #1956

Nobody will know what the future will be of the paper money and as you can see now you see of course that Bitcoin is getting more used and it becomes also more popular.
But there are still a lot of people that dont even know how Bitcoin works and that is why paper money cant disappear.
That's right and even if bitcoin gets more popular in future there will be certain percentage of population who will prefer to use only paper money especially the older generation who find easy to use fiat.
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October 09, 2016, 06:45:34 PM
 #1957

Nobody will know what the future will be of the paper money and as you can see now you see of course that Bitcoin is getting more used and it becomes also more popular.
But there are still a lot of people that dont even know how Bitcoin works and that is why paper money cant disappear.
That's right and even if bitcoin gets more popular in future there will be certain percentage of population who will prefer to use only paper money especially the older generation who find easy to use fiat.

along with older generations those people will also like to use paper money who will not be educated and who will not have any knowledge about computer technology and about digital world, especially those who will not know the global language English.


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BeGoods
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October 10, 2016, 12:31:47 AM
 #1958

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.
yeah I'm as Asian people also recognize that the issue is still left to technological problems, even many people in the city many who do not have an ATM and there is not even a mall in my town, they all use cash to make purchases, so I think banknotes will still be very useful




   
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October 10, 2016, 12:36:55 AM
 #1959

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.
yeah I'm as Asian people also recognize that the issue is still left to technological problems, even many people in the city many who do not have an ATM and there is not even a mall in my town, they all use cash to make purchases, so I think banknotes will still be very useful
Paper money is still exist for more century it can not be removed because all people know how to used it and if you think bitcoin will take lead on the fiat i think it will never happen since not all people can access it.

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October 10, 2016, 03:26:47 AM
 #1960

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.
yeah I'm as Asian people also recognize that the issue is still left to technological problems, even many people in the city many who do not have an ATM and there is not even a mall in my town, they all use cash to make purchases, so I think banknotes will still be very useful
Paper money is still exist for more century it can not be removed because all people know how to used it and if you think bitcoin will take lead on the fiat i think it will never happen since not all people can access it.
Paper money gives us comfort to transact as everyone can use money to transact even kids, therefore the majority and the government would not allow to replace it by a digital currency, we are still having a convenience using paper money despite of the fact that digital currency is the trend now.

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