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Author Topic: The future of the paper money  (Read 403621 times)
saiha
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October 10, 2016, 02:08:31 PM
 #1961

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.

Well they are going to have hard time to adopt the usage of bitcoin and still they will rely in using paper money. And I believe it will remain.

The use of paper money will not be gone for the people are used to use it for a lot of years already and they are going to have hard time.

As you have mentioned above.

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October 10, 2016, 02:20:17 PM
 #1962

the future of the paper money what will the bitcoin do to the future of the paper money i dont think they would change anything about it becuase i know for sure that lot of people
are also going ot sue the paper money off course becuase paper money will always be number one off course!
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October 10, 2016, 02:29:27 PM
 #1963

The future of paper money is not so bright if you are looking at the far future. Paper money is very outdated and will die out once.
But I think that time is still far away since people seem to be scared for change when it's about currency.
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October 10, 2016, 03:24:30 PM
 #1964

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

And where could we get that bitcoin payment card? Not every country offers that kind of service and where could I use it.? Still those wuestions will pop up every time a service is offered

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October 10, 2016, 03:37:44 PM
 #1965

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

And where could we get that bitcoin payment card? Not every country offers that kind of service and where could I use it.? Still those wuestions will pop up every time a service is offered

You can look here and here for more info. The first article makes a pretty good comparison of six Bitcoin payment cards (though it doesn't include a CoinsBank debit card). These are just like your typical Visa or Mastercard with the difference being that they are not linked to your bank account but rather to your Bitcoin wallet...

As I get it, you can you use them worldwide

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October 10, 2016, 04:13:59 PM
 #1966

Why is so many people really making this an issue? I have argued with a man also that says some kind of this things. That fiat will be erased in the world. I dont think he really think it through. There are some things that needed to be considered before things like that happen specially with fiat that have been used for many years.
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October 10, 2016, 04:45:46 PM
 #1967

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.

Not only older generation, i am sure that young one will use them too as it is easier to give him few $ for school than to send that amount of money to his bitcoin wallet



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October 10, 2016, 05:26:31 PM
 #1968

i think the future of paper is still so safe, there is no doubt about this, but the future of bitcoin is still securing also.
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October 11, 2016, 02:40:51 PM
 #1969

Although the things bitcoin fans are saying about paper money, I think it will remain somewhat part of people's financial worlds, it's far more comfortable for physical transactions too.
Paper money is going to go nowhere for a while because I have heard nothing of the paper money disappearing anytime soon now.
I am sure that in the future the paper money is not going to stay around and everything will become digital.
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October 12, 2016, 06:23:34 AM
 #1970

Hi folks,

we believe that provably backed money can be the future of physical cash.

We invented Bitnotes, it's an empty medium that you can load with bitcoins and pass around like a banknote.







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We believe the majority of people all around the world is used to physical cash and this product can help them grasp Bitcoin and help preserve value.
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October 12, 2016, 06:27:01 AM
 #1971

The future of paper money is not so bright if you are looking at the far future. Paper money is very outdated and will die out once.
But I think that time is still far away since people seem to be scared for change when it's about currency.

Exactly, it would probably take a long time still for paper money to vanish because people have been using it from centuries so they would probably not accept a sudden change, but maybe gradually they start believing on digital coins and then they stop using paper money with the time.
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October 12, 2016, 07:35:55 AM
 #1972

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.
Paper money is going to keep existing for a while because at the moment I do not see all the countries go over to everything digital.
It would take allot of time and if they rush things then things will go wrong. 
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October 12, 2016, 07:46:12 AM
 #1973


Unless you are talking about paper wallet it doesn't look good.  GBP has clawed back a tiny bit this morning but its been dropping so fast its probably just a rest before a bigger push down.  The trend points to people moving away from the mainstream so decrease in value is on the cards rest of our lifetimes.

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October 12, 2016, 08:15:12 AM
 #1974

The future of paper money is probably that paper money will be replaced eventually after many many years though.
Paper money has been around for so long that it has become like a disease and it will be hard to replace.


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October 12, 2016, 02:29:57 PM
 #1975

The future of paper money is probably that paper money will be replaced eventually after many many years though.
Paper money has been around for so long that it has become like a disease and it will be hard to replace.

Paper money has been here long time ago. It exist and will still be exist even we have digital currencies today. Some people doesn't have the ability to touch digital countries especially in some areas where internet is really bad.

And I don't even think why we need to rely on digital one? More options more convenience.


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October 12, 2016, 02:36:03 PM
 #1976

The future of paper money is probably that paper money will be replaced eventually after many many years though.
Paper money has been around for so long that it has become like a disease and it will be hard to replace.

Not a disease but more of a tradition. The paper money have been passed to different ages and still going. When you are kid you will see it all and think it is important and will need it when you grow old.

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October 12, 2016, 02:40:27 PM
 #1977

I think it is time to replace paper money with the digital currency so we can always have transparency with all the transactions that we ever had. Those people that magically becomes rich in fiat can be traced in the digital currency to whom it came from.

From the simple barter system (item to item trading) we moved into having money. An item that can be used to buy anything. Money is simply something that you can trade for any other material thing that is for sale. Now that we are in the modern world, I think it's only normal to change the traditional way of buying/selling things. Nevertheless, we would always come to the point that we'll find a better way of buying/selling things than just using paper money.
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October 12, 2016, 03:32:38 PM
 #1978

I think it is time to replace paper money with the digital currency so we can always have transparency with all the transactions that we ever had. Those people that magically becomes rich in fiat can be traced in the digital currency to whom it came from.

From the simple barter system (item to item trading) we moved into having money. An item that can be used to buy anything. Money is simply something that you can trade for any other material thing that is for sale. Now that we are in the modern world, I think it's only normal to change the traditional way of buying/selling things. Nevertheless, we would always come to the point that we'll find a better way of buying/selling things than just using paper money.

The advantage of using will not be experienced by most of the people in the world.

And besides why replace? Is it a good option if ever we have some multiple options rather relying on one? We have benefits from both of them. Believe me, it's a major problem if digital currencies will take over fiat currencies or paper money.


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October 12, 2016, 04:40:33 PM
 #1979

The future of paper money is probably that paper money will be replaced eventually after many many years though.
Paper money has been around for so long that it has become like a disease and it will be hard to replace.

Not a disease but more of a tradition. The paper money have been passed to different ages and still going. When you are kid you will see it all and think it is important and will need it when you grow old.

Our concepts are made in that way, when we were growing we have seen just paper money being used but nothing like bitcoin or any other digital currencies, but in coming time maybe the concepts of kids would be different as bitcoin would surely bring a revolution in currencies of the world.



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serjent05
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October 12, 2016, 06:13:05 PM
 #1980

The future of paper money is probably that paper money will be replaced eventually after many many years though.
Paper money has been around for so long that it has become like a disease and it will be hard to replace.

Not a disease but more of a tradition. The paper money have been passed to different ages and still going. When you are kid you will see it all and think it is important and will need it when you grow old.

Not to be replaced but to be cured lol, why would anyone want to replace a disease?  Everyone would love to remove it of course, but I don't believe that paper money is a disease.  It is a tool or medium used for trading or buying goods. Without it, we will all go back to the ancient age where barter of goods is done.  I don't know why people have a grudge against paper money; it should be the authority that produces the paper money and exploits it according to their benefits we should have a grudge with.

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