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Author Topic: The future of the paper money  (Read 404076 times)
bitdumper
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November 02, 2016, 05:12:42 PM
 #2161

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

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November 02, 2016, 05:21:25 PM
 #2162

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

Even if the people come to know about bitcoin which is way faster than paper money as a medium of payments but they would still be using paper money as they are in habit of it and it is not easy to stop doing something that has been with you for years.
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November 02, 2016, 05:28:45 PM
 #2163

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

Even if the people come to know about bitcoin which is way faster than paper money as a medium of payments but they would still be using paper money as they are in habit of it and it is not easy to stop doing something that has been with you for years.

It's right. People are guided by habit and do not trust something new. They are afraid of losing their capital and left with nothing. Therefore, Fiat will long be used by people
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November 02, 2016, 05:44:46 PM
 #2164

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

Even if the people come to know about bitcoin which is way faster than paper money as a medium of payments but they would still be using paper money as they are in habit of it and it is not easy to stop doing something that has been with you for years.

It's right. People are guided by habit and do not trust something new. They are afraid of losing their capital and left with nothing. Therefore, Fiat will long be used by people
Also fiat is made from banks and control by government we can not change that because government is the only who can decide what fiat we can use in every country.


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November 02, 2016, 06:05:41 PM
 #2165

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

Even if the people come to know about bitcoin which is way faster than paper money as a medium of payments but they would still be using paper money as they are in habit of it and it is not easy to stop doing something that has been with you for years.
It is not for habit it is money its our money it is created by our government we should use it because its declared. we can not change that there is no future money since we are using it for a long time and government will not accept to change it..

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November 02, 2016, 06:31:00 PM
 #2166

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..
I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.

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November 02, 2016, 07:23:33 PM
 #2167

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..
I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.
Yes, electronic payments through mobile phones are highly viable even for under-developed countries. Changes are inevitable to human race and it is time to switch over to electronic format of medium of exchange. For that, bitcoin must be a sound solution by covering all the aspect of modern era and individual's rights and privacy.


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BitHodler
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November 02, 2016, 07:36:28 PM
 #2168

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..
I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.
In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.

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November 03, 2016, 09:38:29 PM
 #2169

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..
I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.
In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.
The future of paper money has long been a foregone conclusion. Not the first time have heard that a couple of decades, and the people itself will abandon paper money in favor of digital currency.
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November 03, 2016, 09:57:13 PM
 #2170

Paper money introduced banks because of the fact that this is the cheapest way to exchange for products. It has long been stopped making gold and silver coins, so that the paper is very helpful in this regard.
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November 03, 2016, 11:26:40 PM
 #2171

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..
I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.
In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.
You are correct in your assessment in third world countries but even in those countries cellphones are everywhere so I’m pretty sure that usage of paper money has gone down in third world countries.

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November 04, 2016, 06:37:23 AM
 #2172

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..
I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.
In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.
You are correct in your assessment in third world countries but even in those countries cellphones are everywhere so I’m pretty sure that usage of paper money has gone down in third world countries.
Not really, paper money will still be in demand in the third world countries as even people have the gadget that's useful to transact online but they do not have the interest to do it, they just use their internet for social media thing..

Paper money is safer and easy to use so they just stick with it.

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November 04, 2016, 07:43:54 AM
 #2173

Paper money is here to stay. Even if we have many forms of currencies coming up, I believe they can not out class paper money due its convenience. Depending solely on electronic currency can be very dangerous. Issues of hacking and technological challenges put electronic currency at a very high risk. The risk with paper money is minimal compared to electronic currency.
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November 04, 2016, 07:51:34 AM
 #2174

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

Even if the people come to know about bitcoin which is way faster than paper money as a medium of payments but they would still be using paper money as they are in habit of it and it is not easy to stop doing something that has been with you for years.
It is not for habit it is money its our money it is created by our government we should use it because its declared. we can not change that there is no future money since we are using it for a long time and government will not accept to change it..

I do agree that the citizens of a country would certainly use a currency that is declared by the government but here we are talking about paper money which is a concept adopted years ago and is still going on so somehow we are in habit of using cash and it would not be easy for us to just jump into something else and stop using paper money.
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November 04, 2016, 08:45:42 AM
 #2175

Paper money is here to stay. Even if we have many forms of currencies coming up, I believe they can not out class paper money due its convenience. Depending solely on electronic currency can be very dangerous. Issues of hacking and technological challenges put electronic currency at a very high risk. The risk with paper money is minimal compared to electronic currency.
well adoption will happen but there's still  a lots of older people and more third world country that won't adopt it right away so for sure paper money will still be use and never be replace of any other form of currency.

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November 04, 2016, 09:53:22 AM
 #2176

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..
I disagree as time passes by more and more people are using electronic forms of exchange instead of paper money, paper money it’s bound to disappear maybe not today or tomorrow but eventually.
In well developed countries the usage of paper money may very well come to an end at some point, but that won't be the case for third world countries.

They at all times will depend on cash money as there is absolutely no way that they will all have access to internet via their mobile devices.

But then again, if I look at the current situation here where I live in Europe, I must say that people more and more rely on electronic payment solutions.

I think within 5 years that the far majority of the people here will ditch cash/paper money as there simply isn't any need for it anymore.
You are correct in your assessment in third world countries but even in those countries cellphones are everywhere so I’m pretty sure that usage of paper money has gone down in third world countries.
Not really, paper money will still be in demand in the third world countries as even people have the gadget that's useful to transact online but they do not have the interest to do it, they just use their internet for social media thing..

Paper money is safer and easy to use so they just stick with it.
I agree i think most people would still be reliant on paper money in the future although not as reliant as today. There will be a lot of alternatives already by then and as you've said mostly third world countries would be the ones using it

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November 04, 2016, 06:44:37 PM
 #2177

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.
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November 04, 2016, 07:10:26 PM
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Paper money is here to stay. Even if we have many forms of currencies coming up, I believe they can not out class paper money due its convenience. Depending solely on electronic currency can be very dangerous. Issues of hacking and technological challenges put electronic currency at a very high risk. The risk with paper money is minimal compared to electronic currency.
well adoption will happen but there's still  a lots of older people and more third world country that won't adopt it right away so for sure paper money will still be use and never be replace of any other form of currency.
I haven’t thought of that but you are right, there seems to be some kind of generational gap when it comes to these things, for example I’m the only one in my family using crypto currency but I’m also the youngest.

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November 04, 2016, 08:01:16 PM
 #2179

Paper money is here to stay. Even if we have many forms of currencies coming up, I believe they can not out class paper money due its convenience. Depending solely on electronic currency can be very dangerous. Issues of hacking and technological challenges put electronic currency at a very high risk. The risk with paper money is minimal compared to electronic currency.
well adoption will happen but there's still  a lots of older people and more third world country that won't adopt it right away so for sure paper money will still be use and never be replace of any other form of currency.
I haven’t thought of that but you are right, there seems to be some kind of generational gap when it comes to these things, for example I’m the only one in my family using crypto currency but I’m also the youngest.
For years, the eye gets information that says that paper money will soon finish its existence and people will fully enjoy digital currency only. But how it will be implemented is unclear.
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November 04, 2016, 08:09:04 PM
 #2180

I would not refuse paper money. This is the psychological moment of possession of money or moral pleasure when your wallet full of paper money.

I would not refuse paper money too... but i don't agree with your second statement that the moral pleasure is to have paper money in wallet... because even if i have bitcoins i still feel that pleasure of having money... no matter it is in paper or digital form but it is money at the end...
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