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Author Topic: The future of the paper money  (Read 404086 times)
Financial_Genius
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October 13, 2016, 08:13:27 PM
 #2001

To replace the cash come in digital payments. Worldwide noticeable trend of transition to the digital payment system with a gradual limitation of cash payments. This is done for the sake of economic control over all transactions in the future, it was possible each of them to tax. As a result the consumer may well decide that bitcoin use is much more profitable.
While bitcoin is not as popular and associated applications, updates and protocols are being developed. And so it has the potential for growth. We are only slightly in touch with what is actually bitcoin means to the world.
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October 14, 2016, 08:53:25 AM
 #2002

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.

You are not wrong that is the truth. Who would want to erase one of the that have seen the history of one country. It also tells that they are one country if they will change it, it will be like a disgrace.
I believe no country will be showing interest to completely stop using paper money, because there would be illiterate people in each and every country, so it is inevitable for them to have paper money.
Paying maids and baby sitter in electronic currencies is still not possible in many developed countries itself. So, stopping paper money completely is not possible for any country in my opinion.

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October 14, 2016, 12:50:27 PM
 #2003

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.

You are not wrong that is the truth. Who would want to erase one of the that have seen the history of one country. It also tells that they are one country if they will change it, it will be like a disgrace.
I believe no country will be showing interest to completely stop using paper money, because there would be illiterate people in each and every country, so it is inevitable for them to have paper money.
Paying maids and baby sitter in electronic currencies is still not possible in many developed countries itself. So, stopping paper money completely is not possible for any country in my opinion.
I certainly agree with your statement, people are really thinking that we can beat paper money when the reality is we are just a small community compared to the population that are using paper money, let us not be ambitious without a legitimate basis, rather let's be happy to see paper money and bitcoin in the circulation.

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October 14, 2016, 02:24:22 PM
 #2004

The future of paper money is looking sad cause paper money is old and doesn't fit in our current era anymore so we have to see when it will be killed.
But i don't think bitcoin will be the one to remove the paper money though it will be something else.
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October 14, 2016, 11:07:02 PM
 #2005

The future of paper money is looking sad cause paper money is old and doesn't fit in our current era anymore so we have to see when it will be killed.
But i don't think bitcoin will be the one to remove the paper money though it will be something else.

I think the future of paper money is still long enough in the economy because the government is able to control and manipulate the cycle of fiat money in a country. But it is true that it will be changed because of the fast paced happening with technology. I guess the currency will be digital but still the same value and the same name.



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October 14, 2016, 11:47:55 PM
 #2006

The future of paper money is looking sad cause paper money is old and doesn't fit in our current era anymore so we have to see when it will be killed.
But i don't think bitcoin will be the one to remove the paper money though it will be something else.

I think the future of paper money is still long enough in the economy because the government is able to control and manipulate the cycle of fiat money in a country. But it is true that it will be changed because of the fast paced happening with technology. I guess the currency will be digital but still the same value and the same name.

Paper money is here for a long time. I don't see it dissapear. It will live next to internet money or so called digital currencies. And that's how it is supposed to be. I like it some times to be able to pay with paper money.
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October 15, 2016, 03:24:15 AM
 #2007

The future of paper money is looking sad cause paper money is old and doesn't fit in our current era anymore so we have to see when it will be killed.
But i don't think bitcoin will be the one to remove the paper money though it will be something else.

I think the future of paper money is still long enough in the economy because the government is able to control and manipulate the cycle of fiat money in a country. But it is true that it will be changed because of the fast paced happening with technology. I guess the currency will be digital but still the same value and the same name.

Paper money is here for a long time. I don't see it dissapear. It will live next to internet money or so called digital currencies. And that's how it is supposed to be. I like it some times to be able to pay with paper money.
If will not because not all people can adopt the online world, we need paper money to transact easily, many people are still using paper money in every establishment to buy their needs, and even the rich people are still using a paper money so with that reality it will not be gone in circulation even in the  future.

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October 15, 2016, 03:41:26 AM
 #2008

actual current use of digital money is still very low, because I think the use of paper money take precedence over the use of digital money. but, in the future may be digital money and paper money have the same functionality as important. but I guess that paper money still has the advantage, because paper money is a transaction tool that is easy to use, even in the future


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October 15, 2016, 03:48:28 AM
 #2009

actual current use of digital money is still very low, because I think the use of paper money take precedence over the use of digital money. but, in the future may be digital money and paper money have the same functionality as important. but I guess that paper money still has the advantage, because paper money is a transaction tool that is easy to use, even in the future
Paper money is good for the people who do not often transact online and knowing that the poverty rate is really big in the world population those people under poverty has no idea of online transaction, with that it is still dominant that paper money will exist in the future.

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October 15, 2016, 03:57:26 AM
 #2010

actual current use of digital money is still very low, because I think the use of paper money take precedence over the use of digital money. but, in the future may be digital money and paper money have the same functionality as important. but I guess that paper money still has the advantage, because paper money is a transaction tool that is easy to use, even in the future
Paper money is good for the people who do not often transact online and knowing that the poverty rate is really big in the world population those people under poverty has no idea of online transaction, with that it is still dominant that paper money will exist in the future.

Yeah i agree with you. I think old people who already use paper money since a long time will not using other money and some countries also will hard to accept other money like the digital one.
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October 15, 2016, 12:51:31 PM
 #2011

I can see governments trying to switch to digital currency. However, I don't see them abandoning paper money any time soon because there are lots of people that don't have computers or smart phones.
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October 15, 2016, 12:59:30 PM
 #2012

nah i dont see it happening anytime soon. i think it will take decades
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October 17, 2016, 02:58:52 PM
 #2013

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.
i think that paper money is going to be around for some time and I also do think that it is going to be different per country because not every country could afford to make everything digital.
I am sure that hackers are going to love the sound of making everything digital in the future.
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October 17, 2016, 06:43:33 PM
 #2014

i think there is nothing wrong to paper money. as about 99% people are using fiat currency and the remaining 1 percent is also using bitcoin as option and as secondary currency therefore the future of fiat currency is ok.
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October 17, 2016, 07:42:46 PM
 #2015

i think there is nothing wrong to paper money. as about 99% people are using fiat currency and the remaining 1 percent is also using bitcoin as option and as secondary currency therefore the future of fiat currency is ok.
Yes, just okay as the percentage of users for fiats will be decreasing in upcoming days for sure.
People are just switching over to mobile phone shopping instead of going for a real shopping. In a mobile/online shopping no one will be able to use fiats. But, they are currently using electronic fiats for their shopping, who knows they will use bitcoin in future.
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October 17, 2016, 07:52:47 PM
 #2016

In my opnion, cloning paper money nowadays is easy a lot, but you can't just put the papper money on the trash, it's the best method to payments, they just need to improve security of it...
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October 17, 2016, 09:56:31 PM
 #2017

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.
i think that paper money is going to be around for some time and I also do think that it is going to be different per country because not every country could afford to make everything digital.
I am sure that hackers are going to love the sound of making everything digital in the future.
Yeah, every country has its own problems and i think they still dont even think of changing the paper money. Here on our country its not even a problem because bitcoin here is not a hot topic, the topic here is all bout drugs and killings..haha
Hackers really is partner of this one. Being careful is one of the ways to make your bitcoin safe.

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October 18, 2016, 01:07:58 AM
 #2018

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.
i think that paper money is going to be around for some time and I also do think that it is going to be different per country because not every country could afford to make everything digital.
I am sure that hackers are going to love the sound of making everything digital in the future.
Yeah, every country has its own problems and i think they still dont even think of changing the paper money. Here on our country its not even a problem because bitcoin here is not a hot topic, the topic here is all bout drugs and killings..haha
Hackers really is partner of this one. Being careful is one of the ways to make your bitcoin safe.
Yeah i think we are came from same country that government fighting for drugs, bitcoin in our country is not hot topic but there are many people using it and if you want to see go to our local thread you analyse how many people using bitcoin and our paper money will not replace since not all people are aware in using bitcoin.

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October 18, 2016, 07:53:08 AM
 #2019

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.
i think that paper money is going to be around for some time and I also do think that it is going to be different per country because not every country could afford to make everything digital.
I am sure that hackers are going to love the sound of making everything digital in the future.
Yeah, every country has its own problems and i think they still dont even think of changing the paper money. Here on our country its not even a problem because bitcoin here is not a hot topic, the topic here is all bout drugs and killings..haha
Hackers really is partner of this one. Being careful is one of the ways to make your bitcoin safe.
Yeah i think we are came from same country that government fighting for drugs, bitcoin in our country is not hot topic but there are many people using it and if you want to see go to our local thread you analyse how many people using bitcoin and our paper money will not replace since not all people are aware in using bitcoin.

Bitcoin is not yet strong enough to replace paper money. About Nei knows even a few people, but of paper money all know. It will take a lot of time for people to change their way of thinking. Bitcoin - this alternative currency

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October 18, 2016, 07:58:41 AM
 #2020

I think many will oppose from what they are used to, banning a paper money will be a big question from my country and maybe from the whole world.
i think that paper money is going to be around for some time and I also do think that it is going to be different per country because not every country could afford to make everything digital.
I am sure that hackers are going to love the sound of making everything digital in the future.
Yeah, every country has its own problems and i think they still dont even think of changing the paper money. Here on our country its not even a problem because bitcoin here is not a hot topic, the topic here is all bout drugs and killings..haha
Hackers really is partner of this one. Being careful is one of the ways to make your bitcoin safe.
Yeah i think we are came from same country that government fighting for drugs, bitcoin in our country is not hot topic but there are many people using it and if you want to see go to our local thread you analyse how many people using bitcoin and our paper money will not replace since not all people are aware in using bitcoin.

Bitcoin is not yet strong enough to replace paper money. About Nei knows even a few people, but of paper money all know. It will take a lot of time for people to change their way of thinking. Bitcoin - this alternative currency
What strong are we talking here? Not even in the future, bitcoin is just dependent on bitcoin and if paper money will be gone, bitcoin will not be the the only option to replace paper money, the government can make any means for transaction and it will be ensured that it will be monitored by them still.

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