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Author Topic: The future of the paper money  (Read 403639 times)
amacar2
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October 21, 2016, 11:19:06 AM
 #2061

Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
Yes and actually paying with paper money may involve risk of carrying lots of money but it also give some privacy than doing banking transactions so still some people prefer to get paid in paper money like students who like to get paid in hard cash for their extra time in work so that they can work more than their working hour limitation. So paper money may remain in demand even after decades from now on.

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October 21, 2016, 11:36:58 AM
 #2062

Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
Yes and actually paying with paper money may involve risk of carrying lots of money but it also give some privacy than doing banking transactions so still some people prefer to get paid in paper money like students who like to get paid in hard cash for their extra time in work so that they can work more than their working hour limitation. So paper money may remain in demand even after decades from now on.
That's right, with paper money anyone can use it even kids. It does not need to have an internet or electricity to be able for you to use it and that makes paper money a more valuable for the majority than bitcoin where only few sectors are just being serve.

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October 21, 2016, 12:23:11 PM
 #2063

I don't see any risk in the future of paper money and it will always survive even in future as Government will never allow any digital currency to get on the mainstream as it can be an threat to their financial system.
I actually saw that paper money is the best tool to use the transaction at this time. Well, everyone has been accustomed to using paper money, even from your credit card can be used at several stores, I think people still use paper money as their primary currency. Well, anyway, I think the current digital money will only be used as an alternative

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October 21, 2016, 12:46:19 PM
 #2064

I don't see any risk in the future of paper money and it will always survive even in future as Government will never allow any digital currency to get on the mainstream as it can be an threat to their financial system.
I actually saw that paper money is the best tool to use the transaction at this time. Well, everyone has been accustomed to using paper money, even from your credit card can be used at several stores, I think people still use paper money as their primary currency. Well, anyway, I think the current digital money will only be used as an alternative

Being accustomed. Yes that is the problem. The tradition of using it passed to the next generation and so on and on. It will not be stopped. Ask someone who dont use it I think there will be none.

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October 21, 2016, 01:20:57 PM
 #2065

Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.

I also do not see the paper money going away completely in the foreseeable future. Yet we do not know what the future of technology holds in store for us Smiley
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October 21, 2016, 01:50:30 PM
 #2066

Even though some countries try to issue their currency as digital currency, paper money will be still alive and it will be used by people for buying goods and any other transactions.Even now in many countries,many people still dont even use credit cards. So paper currency will last forever.
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October 21, 2016, 02:06:02 PM
 #2067

Even though some countries try to issue their currency as digital currency, paper money will be still alive and it will be used by people for buying goods and any other transactions.Even now in many countries,many people still dont even use credit cards. So paper currency will last forever.
Yes you are right,paper money will last forever no matter what happens.I dont know which countries try to issue their currecy as digital currency,the power of paper money is always most valued and will be valued most in the future as well.Everywhere,paper money has the value.
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October 21, 2016, 02:49:49 PM
 #2068

Even though some countries try to issue their currency as digital currency, paper money will be still alive and it will be used by people for buying goods and any other transactions.Even now in many countries,many people still dont even use credit cards. So paper currency will last forever.
Yes you are right,paper money will last forever no matter what happens.I dont know which countries try to issue their currecy as digital currency,the power of paper money is always most valued and will be valued most in the future as well.Everywhere,paper money has the value.


I totally agree with you. Paper money will long live. Many countries are not ready to part with them.

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October 21, 2016, 03:23:28 PM
 #2069

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
But governments and banks don’t like paper money either they will  like for you to use debit and credit cards to been able to monitor every single transaction that you make.

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October 21, 2016, 04:54:25 PM
 #2070

Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
Of course, the use of paper money will still be practiced as there are situatio or good/services that will require a must to be transacted using paper money. No matter how civilized or advanced that the word may become, paper money will still be needed to make some forms of transaction.

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October 21, 2016, 05:34:41 PM
 #2071

Its difficult to say what is gonna happen with it but I think that the paper money will somehow survives but of course it will be less more used due to the fact that its all gonna be digital.
A lot of banks are already doing great vitalization their money.
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October 21, 2016, 07:04:47 PM
 #2072

Its difficult to say what is gonna happen with it but I think that the paper money will somehow survives but of course it will be less more used due to the fact that its all gonna be digital.
A lot of banks are already doing great vitalization their money.
but still it will take a very very long time, i think up to now not a 1 percent people of the world are using bitcoin, although people are now taking interest in online shopping but still their number is too low, and i think it will take more that hundred years to replace paper money into digital currency.
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October 21, 2016, 07:27:33 PM
 #2073

I don't see any risk in the future of paper money and it will always survive even in future as Government will never allow any digital currency to get on the mainstream as it can be an threat to their financial system.
I think the governments will allow the digital currency for to come to mainstream in their financial system if they found it beneficial for their state but still they will not like to finish their paper money and will keep it strong as it is their national currency.


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October 21, 2016, 07:41:45 PM
 #2074

The future of the paper money is not so good but it has a future without any doubts, it will be uses less more because everything is gonna be digital in the future, in the very far future I do not see any paper money anymore.
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October 21, 2016, 09:18:34 PM
 #2075

I don't see any risk in the future of paper money and it will always survive even in future as Government will never allow any digital currency to get on the mainstream as it can be an threat to their financial system.
I think the governments will allow the digital currency for to come to mainstream in their financial system if they found it beneficial for their state but still they will not like to finish their paper money and will keep it strong as it is their national currency.
Yup, However i think that there is going to be no paper money anymore in the far future, talking about ~200 years. By then everyone probably knows how the technology of today works, If bitcoin is still around by then it would become alot more valuable probably.

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October 22, 2016, 02:02:20 PM
 #2076

I don't see any risk in the future of paper money and it will always survive even in future as Government will never allow any digital currency to get on the mainstream as it can be an threat to their financial system.
I think the governments will allow the digital currency for to come to mainstream in their financial system if they found it beneficial for their state but still they will not like to finish their paper money and will keep it strong as it is their national currency.
Yup, However i think that there is going to be no paper money anymore in the far future, talking about ~200 years. By then everyone probably knows how the technology of today works, If bitcoin is still around by then it would become alot more valuable probably.
that's looking way ahead there dude. for me, in the next couple of decades, paper money would still be the main currency that people would prefer to use. digital currency may be a bit more convenient but it requires a lot, starting from internet connection and it's a but more prone to hacking and information theft. also small businesses from not so rich countries would also prefer to hold the money in their hands than transact online. we've been so used to paper money that it would be very hard to let go of it

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October 22, 2016, 02:10:03 PM
 #2077

The disappearance of paper money is going to be much faster than people expect (especially in the western countries). Let's say a couple of years at most.
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October 22, 2016, 08:26:55 PM
 #2078

Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
Of course, the use of paper money will still be practiced as there are situatio or good/services that will require a must to be transacted using paper money. No matter how civilized or advanced that the word may become, paper money will still be needed to make some forms of transaction.
Personally I disagree, payments are becoming more and more digital, just look at bitcoin and electronic currency, the tendency is that cash is disappearing, and in the future there’s a big chance that in developed countries cash will no longer exists

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Qastessa
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October 24, 2016, 05:36:57 PM
 #2079

Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
Of course, the use of paper money will still be practiced as there are situatio or good/services that will require a must to be transacted using paper money. No matter how civilized or advanced that the word may become, paper money will still be needed to make some forms of transaction.
Personally I disagree, payments are becoming more and more digital, just look at bitcoin and electronic currency, the tendency is that cash is disappearing, and in the future there’s a big chance that in developed countries cash will no longer exists

Within that trend, it is possible that the bitcoin will be the major global currency gradually. the price will also rise.

Fadsiman
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October 24, 2016, 06:12:06 PM
 #2080

Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
Of course, the use of paper money will still be practiced as there are situatio or good/services that will require a must to be transacted using paper money. No matter how civilized or advanced that the word may become, paper money will still be needed to make some forms of transaction.
Personally I disagree, payments are becoming more and more digital, just look at bitcoin and electronic currency, the tendency is that cash is disappearing, and in the future there’s a big chance that in developed countries cash will no longer exists

Within that trend, it is possible that the bitcoin will be the major global currency gradually. the price will also rise.

The bitcoin price rose year after year if you exclude the very big price bubble in later 2013 and 2014.
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