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Author Topic: The future of the paper money  (Read 403661 times)
tom555
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November 28, 2015, 01:29:29 PM
 #221

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
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November 28, 2015, 01:33:28 PM
 #222

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it
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November 28, 2015, 01:46:08 PM
 #223

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long  Grin and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.
zodiac3011
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November 28, 2015, 02:02:32 PM
 #224

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long  Grin and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.
Just pure speculative it can happen in 25 years! 50 years! We don't know actually. Technology is changing everyday, credit card is widely adopted or the least is ATM card, internet banking, paypal, cryptocurrency,... Everything is reducing the control of paper money
stromma44
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November 28, 2015, 02:54:48 PM
 #225

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long  Grin and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.
Just pure speculative it can happen in 25 years! 50 years! We don't know actually. Technology is changing everyday, credit card is widely adopted or the least is ATM card, internet banking, paypal, cryptocurrency,... Everything is reducing the control of paper money

The fact is people use paper money more then any other currency, there are people who even don't use ATM or Credit Cards so for them using digital currency is far away as they are used to it and mainly the older generation would never use any digital currency as they are scared of internet and everything associated with it.
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November 28, 2015, 02:59:23 PM
 #226

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long  Grin and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.
Just pure speculative it can happen in 25 years! 50 years! We don't know actually. Technology is changing everyday, credit card is widely adopted or the least is ATM card, internet banking, paypal, cryptocurrency,... Everything is reducing the control of paper money

The fact is people use paper money more then any other currency, there are people who even don't use ATM or Credit Cards so for them using digital currency is far away as they are used to it and mainly the older generation would never use any digital currency as they are scared of internet and everything associated with it.
Ok I agree. The young generation will change everything I think like I said it can happen in 25 years Grin some country has already aimed to eliminate paper money already and one has succeeded I think Grin so yeah we can expect that.
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November 29, 2015, 11:38:42 AM
 #227

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

Paper money will be a lesser part of the function of currency. I remember that Sweden will become the first cashless society. But I think it will not be totally cashless.

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November 29, 2015, 11:40:09 AM
 #228

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long  Grin and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.
Just pure speculative it can happen in 25 years! 50 years! We don't know actually. Technology is changing everyday, credit card is widely adopted or the least is ATM card, internet banking, paypal, cryptocurrency,... Everything is reducing the control of paper money

The fact is people use paper money more then any other currency, there are people who even don't use ATM or Credit Cards so for them using digital currency is far away as they are used to it and mainly the older generation would never use any digital currency as they are scared of internet and everything associated with it.

and how they get paper money without atm? employees are not payed in cash anymore, it's also illegal unless you do that unregulated job...
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November 29, 2015, 12:01:05 PM
 #229

paper money will always exist,it never have ending,you know so many countries use paper money for payment.
but i also believe that sometime paper money will not popular again,but it just on a big country like US,and never end in small country.
In my opinion paper money will disappear one day but that day is still very far away. Imagine in the next 100 years people will use paper money? I don't think so. This will gradually become the reality and we should accept it

If it would take 100 years then I think we should not be worried about it at present, because I don't think we are gonna live that long  Grin and what you said is correct its not easy for paper money to disappear so easily as the market cap of paper is more and people have more faith in paper money.
Just pure speculative it can happen in 25 years! 50 years! We don't know actually. Technology is changing everyday, credit card is widely adopted or the least is ATM card, internet banking, paypal, cryptocurrency,... Everything is reducing the control of paper money

The fact is people use paper money more then any other currency, there are people who even don't use ATM or Credit Cards so for them using digital currency is far away as they are used to it and mainly the older generation would never use any digital currency as they are scared of internet and everything associated with it.

and how they get paper money without atm? employees are not payed in cash anymore, it's also illegal unless you do that unregulated job...
I agree with your opinion. people nowadays don't just carry around a lot of cash because you will become a high valued targer for robbers too! credit card, ATM is more convenient Grin withdraw the amount you need or use credit card to pay everything... there's nothing to scare of it
caliboy37
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November 29, 2015, 11:25:32 PM
 #230

Current gouvernment don't wanna ban paper money. Next gen will come and change the world to crypto.
zodiac3011
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November 30, 2015, 05:29:26 AM
 #231

Current gouvernment don't wanna ban paper money. Next gen will come and change the world to crypto.
Some may have the intention of reducing the use of paper money but they need a good solution. This process must be slow and steady so everyone will naturally accept it
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November 30, 2015, 06:20:52 AM
 #232

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.

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November 30, 2015, 06:28:44 AM
 #233

quote author=n691309 link=topic=1185580.msg13107968#msg13107968 date=1448864452]
Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.
[/quote

I can just tell your right! Everything gonne be gone over a blockchain and backs accept the bitcoin and several cryptocurrencys !

That would be awesome Cheesy Dogecoin for the Dax ! wuwuwuw Cheesy

regards
lama-hunter
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November 30, 2015, 06:31:35 AM
 #234

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.
One thing I don't like about having an entirely digital monetary system is that any power outages or other events would grind everything to a halt, which can make it impossible to obtain goods for a period of time. Another is that banks now control where literally all the value goes, but that's bordering on a conspiracy and, if done properly, banks wouldn't have to be something people would worry about.

I always like the feel of physical value in my pocket, though. Maybe have 1/8 of the currency supply in physical paper/plastic assets, since most people won't need more than 1/8 of the currency supply at a time?














 

 

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n691309
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November 30, 2015, 06:36:36 AM
 #235

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.

I can just tell your right! Everything gonne be gone over a blockchain and backs accept the bitcoin and several cryptocurrencys !

That would be awesome Cheesy Dogecoin for the Dax ! wuwuwuw Cheesy

regards
lama-hunter

Well i still prefer to deal in cash rather in digital forms because that's how is made a deal, when i pay in digital forms it looks like paying something in GTA game Tongue

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November 30, 2015, 08:44:18 AM
 #236

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.

I can just tell your right! Everything gonne be gone over a blockchain and backs accept the bitcoin and several cryptocurrencys !

That would be awesome Cheesy Dogecoin for the Dax ! wuwuwuw Cheesy

regards
lama-hunter

Well i still prefer to deal in cash rather in digital forms because that's how is made a deal, when i pay in digital forms it looks like paying something in GTA game Tongue

cash is very good face to face, if you ar enear the one you want to deal with, but for long distance i would always prefer the digital way even if using fiat

so everything is tracked nowadays if it work with fiat no matter cash or whatever you use, it will not make much difference
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November 30, 2015, 09:08:54 AM
 #237

I really hope you understand that paper money will not be replaced by an online currency in your lifetime. Wallets are still quite hack-able, and with the idea of a quantum computing looming over our heads, governments are stepping slowly around this idea of changing their currency.

Fiat will always be needed until everyone has a way to access the blockchain. This requires an internet connection which alot of people may not have.



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November 30, 2015, 10:26:14 AM
 #238

As far into the future as I can see, paper money would still be the primary method of trading. As seen with much of the world, many do not have an internet connection, let alone a computer or even adequate shelter. They are required to be able to trade with some form of digital currency, which in this case is Bitcoins. Paper money on the other hand, is much easier for everybody to use. However, once everybody has access to the internet, digital currency will be superior and will take over! Tongue

zodiac3011
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November 30, 2015, 03:15:40 PM
 #239

Everything is going to be digital even the money, so for the banks that would be better as they only display numbers/digits to their clients and no need to worry for paper money and reproduce it which costs.
One thing I don't like about having an entirely digital monetary system is that any power outages or other events would grind everything to a halt, which can make it impossible to obtain goods for a period of time. Another is that banks now control where literally all the value goes, but that's bordering on a conspiracy and, if done properly, banks wouldn't have to be something people would worry about.

I always like the feel of physical value in my pocket, though. Maybe have 1/8 of the currency supply in physical paper/plastic assets, since most people won't need more than 1/8 of the currency supply at a time?
it's just the feeling of physical value some what psychological value only. Personally I don't want to end up with a lot of paper money or I need the money but some are lost somewhere...
bitart
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November 30, 2015, 11:32:58 PM
 #240

As far into the future as I can see, paper money would still be the primary method of trading. As seen with much of the world, many do not have an internet connection, let alone a computer or even adequate shelter. They are required to be able to trade with some form of digital currency, which in this case is Bitcoins. Paper money on the other hand, is much easier for everybody to use. However, once everybody has access to the internet, digital currency will be superior and will take over! Tongue
I've just combined two things I've read in the previous posts.
Sweeden wants to be a cashless country. One of my friends' had spent a little time there. If you don't have a credit card, you can't even hop on a bus, train, etc because they really don't use cash at all. One place where they are still using coins is the door lock of the public toilets Smiley
Just imagine that you are in a really need and you are about to swipe your card to open the toilet's lock, and the power outage comes Smiley
“There are some things money can’t buy. For everything else there’s MasterCard.”  or not  Smiley

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