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Author Topic: The future of the paper money  (Read 403549 times)
bitcoluck
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October 24, 2016, 08:28:56 PM
 #2081

I think future of paper currency is still long because many people don't even know what crypto currency do, so first we must promote crypto currency.

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October 24, 2016, 11:06:02 PM
 #2082

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.
yeah I think that although credit cards or online payment methods or other digital rampant someday. I think that paper money will always be useful and valuable, no mind to replace paper money into digital form, may be the same as today, digitally or online payment only becomes an option only in future


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October 24, 2016, 11:18:18 PM
 #2083

I think future of paper currency is still long because many people don't even know what crypto currency do, so first we must promote crypto currency.

It's been so many years and yet under 20 million people heard about Bitcoin or used it. However, it'll take way less time for the number to double because of the pyramidal scheme: the more people there are interested in it, the more people will hear about it. Yes, we gotta make Bitcoin heard about but that will take a few more years. However, when it'll become a big thing, governments will do something about it.

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October 25, 2016, 01:06:02 AM
 #2084

I think future of paper currency is still long because many people don't even know what crypto currency do, so first we must promote crypto currency.

It's been so many years and yet under 20 million people heard about Bitcoin or used it. However, it'll take way less time for the number to double because of the pyramidal scheme: the more people there are interested in it, the more people will hear about it. Yes, we gotta make Bitcoin heard about but that will take a few more years. However, when it'll become a big thing, governments will do something about it.
I think most of the online people already heard about bitcoin but majority of them are not interested especially the business minded person. IMO, traders are benefiting on the existence of bitcoin because they can trade without limits and as well as their earnings will do. In addition, gambling industry are also booming but people who are attracted to bitcoin is only a small portion of the total population in the world who uses paper money so the answer is already obvious, paper money will live long.. Grin

 
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October 25, 2016, 01:39:49 AM
 #2085

I don't think that paper money will gone in due time.as we all know it exist hundreds of years and it will not be replaceable of any digital currency that some people using this modern world.Perhaps the users of digital currency like bitcoin are people that who know how to use cryptocurrency and it is small percentage that who are using the current paper money.
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October 25, 2016, 01:58:59 AM
 #2086

I don't think that paper money will gone in due time.as we all know it exist hundreds of years and it will not be replaceable of any digital currency that some people using this modern world.Perhaps the users of digital currency like bitcoin are people that who know how to use cryptocurrency and it is small percentage that who are using the current paper money.

Money will always exist as long as it is being issued by the government and been distributed by banks... Besides banks might produce a digital form of it, cards and ATM, credit cards, are a form of it... For sure, money will exist along side with bitcoin even on digital times, except if government would remove paper moneys in the circulation...  Smiley

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October 25, 2016, 03:38:09 AM
 #2087

I don't think that paper money will gone in due time.as we all know it exist hundreds of years and it will not be replaceable of any digital currency that some people using this modern world.Perhaps the users of digital currency like bitcoin are people that who know how to use cryptocurrency and it is small percentage that who are using the current paper money.

Money will always exist as long as it is being issued by the government and been distributed by banks... Besides banks might produce a digital form of it, cards and ATM, credit cards, are a form of it... For sure, money will exist along side with bitcoin even on digital times, except if government would remove paper moneys in the circulation...  Smiley
Correct paper money is always exist even digital currency will be more popular in the future still paper money was very useful specially for those people who can not access the decentralize currency because they do not have any gadgets to access the wallet.

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October 25, 2016, 03:39:53 AM
 #2088

Paper money will not be completely banned. What will happen is the legalization of the digital money thus giving options to the people either to transact through the paper one or digital based.  Digital currency and to be specific, bitcoins when accepted  by a majority of countries as a official currency will mean that banks will have no option but cope up with the trend. As much as there are people who value digital money, there are those who will still be glued to paper money and thus it can not be scrapped away.
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October 25, 2016, 03:43:08 AM
 #2089

Paper money will not be completely banned. What will happen is the legalization of the digital money thus giving options to the people either to transact through the paper one or digital based.  Digital currency and to be specific, bitcoins when accepted  by a majority of countries as a official currency will mean that banks will have no option but cope up with the trend. As much as there are people who value digital money, there are those who will still be glued to paper money and thus it can not be scrapped away.
That should not be said in the first place, why would the government ban paper money when they created it for the people to used it. And if you take a look on the different culture and lifestyle of the people in this earth, you will be convince that only portion are using digital currency and even the users of digital currency are also comfortable of using paper money.

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October 25, 2016, 04:08:36 AM
 #2090

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.


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October 25, 2016, 04:18:16 AM
 #2091

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

It is right. People need to remember that there are poor countries. In these countries, some people do not even use the Internet. Therefore, they have paper money - the only means of payment. Paper money will be a very long time
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October 25, 2016, 04:44:14 AM
 #2092

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

So true, as we can easily jump to bitcoin suddenly. It takes time to do this, that is to eliminate the paper money. Infrastructure must be ready,hardware, and the demand. As of now,the bitcoin penetration is so slow but we are moving as more business are coming out to support bitcoin.

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October 25, 2016, 04:45:01 AM
 #2093

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

It is right. People need to remember that there are poor countries. In these countries, some people do not even use the Internet. Therefore, they have paper money - the only means of payment. Paper money will be a very long time

They cannot be reached by tehnology that is the problem or they dont want to.
Tribes dont like that idea. They want to live by their traditions and just keep living just like that.
I do think it is healthuer that any country with a high technology.
But for us, if bitcoin want to get global then that will be just for those rich countriea.
There is still much to tackle before it can happen. Paper money will be here for a long time.

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October 25, 2016, 04:49:10 AM
 #2094

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

So true, as we can easily jump to bitcoin suddenly. It takes time to do this, that is to eliminate the paper money. Infrastructure must be ready,hardware, and the demand. As of now,the bitcoin penetration is so slow but we are moving as more business are coming out to support bitcoin.

I don't think that this is going to happen in the future that we are going to easily shift into bitcoins. Even though this is going to be a good way to make bitcoins price increase.

But as long as the government will not implement this usage, the future of paper money is still great and still be used by all people.

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October 25, 2016, 04:55:22 AM
 #2095

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

So true, as we can easily jump to bitcoin suddenly. It takes time to do this, that is to eliminate the paper money. Infrastructure must be ready,hardware, and the demand. As of now,the bitcoin penetration is so slow but we are moving as more business are coming out to support bitcoin.

I don't think that this is going to happen in the future that we are going to easily shift into bitcoins. Even though this is going to be a good way to make bitcoins price increase.

But as long as the government will not implement this usage, the future of paper money is still great and still be used by all people.

Government wont really let  this thing to happen  though  even how  much bitcoin  would progress in the future. Fiat would still remain strong  and would  be commonly  used  by  most people  all over the world  because  they  only knew  about    fiat and  if they heared about bitcoin they would still use fiat after all.

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October 25, 2016, 05:03:16 AM
 #2096

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

So true, as we can easily jump to bitcoin suddenly. It takes time to do this, that is to eliminate the paper money. Infrastructure must be ready,hardware, and the demand. As of now,the bitcoin penetration is so slow but we are moving as more business are coming out to support bitcoin.

I don't think that this is going to happen in the future that we are going to easily shift into bitcoins. Even though this is going to be a good way to make bitcoins price increase.

But as long as the government will not implement this usage, the future of paper money is still great and still be used by all people.

Government wont really let  this thing to happen  though  even how  much bitcoin  would progress in the future. Fiat would still remain strong  and would  be commonly  used  by  most people  all over the world  because  they  only knew  about    fiat and  if they heared about bitcoin they would still use fiat after all.
so better to leave it that way let them use fiat and let us use bitcoin no need for any conflict since both are currency and can allow us
to make transaction, we don't need to replace it and change the fact that most people will still use paper money even btc will grow in the near future.

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October 25, 2016, 05:03:39 AM
 #2097

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

It is right. People need to remember that there are poor countries. In these countries, some people do not even use the Internet. Therefore, they have paper money - the only means of payment. Paper money will be a very long time

They cannot be reached by tehnology that is the problem or they dont want to.
Tribes dont like that idea. They want to live by their traditions and just keep living just like that.
I do think it is healthuer that any country with a high technology.
But for us, if bitcoin want to get global then that will be just for those rich countriea.
There is still much to tackle before it can happen. Paper money will be here for a long time.
Not at all as there is no 100% secure system and when the system will be compromise it will create world chaos and might destroy the world for a possible world war, I know its kinda over scenario but that can happen if we will allow it to happen, paper money should remain.

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October 25, 2016, 06:04:50 AM
 #2098

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

It is right. People need to remember that there are poor countries. In these countries, some people do not even use the Internet. Therefore, they have paper money - the only means of payment. Paper money will be a very long time

They cannot be reached by tehnology that is the problem or they dont want to.
Tribes dont like that idea. They want to live by their traditions and just keep living just like that.
I do think it is healthuer that any country with a high technology.
But for us, if bitcoin want to get global then that will be just for those rich countriea.
There is still much to tackle before it can happen. Paper money will be here for a long time.
Not at all as there is no 100% secure system and when the system will be compromise it will create world chaos and might destroy the world for a possible world war, I know its kinda over scenario but that can happen if we will allow it to happen, paper money should remain.

I agree with you, internet may be out due to disasters or any calamities. As Electricity goes out so is internet and bitcoin transactions. I will say that bitcoin should not replace fiat but will represent fiat online. The number of your bitcoins online will reflect your paper money deposited on banks etc. Fiat currency is much stable and safer than bitcoin but I love bitcoin and I hope fiat currency and bitcoin will stay.
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October 25, 2016, 06:51:19 AM
 #2099

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

It is right. People need to remember that there are poor countries. In these countries, some people do not even use the Internet. Therefore, they have paper money - the only means of payment. Paper money will be a very long time

They cannot be reached by tehnology that is the problem or they dont want to.
Tribes dont like that idea. They want to live by their traditions and just keep living just like that.
I do think it is healthuer that any country with a high technology.
But for us, if bitcoin want to get global then that will be just for those rich countriea.
There is still much to tackle before it can happen. Paper money will be here for a long time.
Not at all as there is no 100% secure system and when the system will be compromise it will create world chaos and might destroy the world for a possible world war, I know its kinda over scenario but that can happen if we will allow it to happen, paper money should remain.

I agree with you, internet may be out due to disasters or any calamities. As Electricity goes out so is internet and bitcoin transactions. I will say that bitcoin should not replace fiat but will represent fiat online. The number of your bitcoins online will reflect your paper money deposited on banks etc. Fiat currency is much stable and safer than bitcoin but I love bitcoin and I hope fiat currency and bitcoin will stay.

There is no chance that fiat will disappear in future as bitcoin is not yet familiar to everyone and people who don't follow latest technology will always keep on using fiat and in future bitcoin will be the best online currency but it don't have that high potential to replace fiat.

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Positid
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October 25, 2016, 07:01:09 AM
 #2100

paper money can't be removed in this world until all people have free internet conection, use digital system, and have hardware (smartphone, trezor wallet etc.), because in this world still have place without internet conection, and far from city.

It is right. People need to remember that there are poor countries. In these countries, some people do not even use the Internet. Therefore, they have paper money - the only means of payment. Paper money will be a very long time

They cannot be reached by tehnology that is the problem or they dont want to.
Tribes dont like that idea. They want to live by their traditions and just keep living just like that.
I do think it is healthuer that any country with a high technology.
But for us, if bitcoin want to get global then that will be just for those rich countriea.
There is still much to tackle before it can happen. Paper money will be here for a long time.
Not at all as there is no 100% secure system and when the system will be compromise it will create world chaos and might destroy the world for a possible world war, I know its kinda over scenario but that can happen if we will allow it to happen, paper money should remain.

I agree with you, internet may be out due to disasters or any calamities. As Electricity goes out so is internet and bitcoin transactions. I will say that bitcoin should not replace fiat but will represent fiat online. The number of your bitcoins online will reflect your paper money deposited on banks etc. Fiat currency is much stable and safer than bitcoin but I love bitcoin and I hope fiat currency and bitcoin will stay.
That's the big reason why bitcoin will never be the only currency left in this world due to its limited function and features while cannot be use when there's no electricity, we have to accept the reality that we cannot make the money disappear because of bitcoin as it is good if the two will exist together.

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