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Author Topic: The future of the paper money  (Read 403632 times)
MTBTT
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November 06, 2016, 09:50:26 PM
 #2201

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 agree with you that even though the future later today or digital currency has become a frequently used and become mainstream, but I think that paper money will always exist, no matter what currency symbol is paper money #imo


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November 06, 2016, 09:52:02 PM
 #2202

The future of paper money is nonexistent. It'll be gone in just a few years because of currencies like Bitcoin and/or payment methods like it. This became now popular on a few websites that are on top which is a good sign for us.
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November 07, 2016, 01:34:01 AM
 #2203

The future of paper money is nonexistent. It'll be gone in just a few years because of currencies like Bitcoin and/or payment methods like it. This became now popular on a few websites that are on top which is a good sign for us.
Your prediction is too far from happening, bitcoin is not that big to replace paper money. People trusted paper money since it's very simple and easy to close. Bitcoin is good in online transaction but majority of the people does not rely their needs online. They need paper money to buy their basic needs, so basically bitcoin is just for special transaction online like entertainment and investment for now.

Let's see what the future would bring to this currency.

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November 07, 2016, 04:11:16 AM
 #2204

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 agree with you that even though the future later today or digital currency has become a frequently used and become mainstream, but I think that paper money will always exist, no matter what currency symbol is paper money #imo


It is going to remain to exist and will be used by most of us. Because there are some considerations that government will not going to totally adopt the digital currency or else they will create their own digital currency or local online currency that will be able to manipulate by the government. And digital currency will be a secondary currency.
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November 07, 2016, 04:17:15 AM
 #2205


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November 07, 2016, 04:55:06 AM
 #2206

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 agree with you that even though the future later today or digital currency has become a frequently used and become mainstream, but I think that paper money will always exist, no matter what currency symbol is paper money #imo


It is going to remain to exist and will be used by most of us. Because there are some considerations that government will not going to totally adopt the digital currency or else they will create their own digital currency or local online currency that will be able to manipulate by the government. And digital currency will be a secondary currency.
It's the government who will dictate the game, if they want us to use still the paper money then it will not be gone in circulation. What is important is that we can use paper money and digital currencies so it can make our life easier.

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November 07, 2016, 06:49:44 AM
 #2207

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 agree with you that even though the future later today or digital currency has become a frequently used and become mainstream, but I think that paper money will always exist, no matter what currency symbol is paper money #imo


It is going to remain to exist and will be used by most of us. Because there are some considerations that government will not going to totally adopt the digital currency or else they will create their own digital currency or local online currency that will be able to manipulate by the government. And digital currency will be a secondary currency.
It's the government who will dictate the game, if they want us to use still the paper money then it will not be gone in circulation. What is important is that we can use paper money and digital currencies so it can make our life easier.

Our course easier. But life is not the bankers and the government. They receive income from the fact that people use the centralized currency. Therefore, the paper money will always exist.

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November 08, 2016, 01:26:05 PM
 #2208

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.
Yeah, paper money should not be rejected no matter what circumstance. Paper money will always be there even if you have the biggest advanmcement in technology because in one way or the other paper money will still be needed.

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November 08, 2016, 01:30:40 PM
 #2209

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.
Yeah, paper money should not be rejected no matter what circumstance. Paper money will always be there even if you have the biggest advanmcement in technology because in one way or the other paper money will still be needed.

It did see the history of our world so it is not that easy to make it just disappear. There would be a problem in the financial industry and the most affected will the poor ones or even those who live with the average income. So this is not really good.

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November 08, 2016, 01:58:26 PM
 #2210

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.
Yeah, paper money should not be rejected no matter what circumstance. Paper money will always be there even if you have the biggest advanmcement in technology because in one way or the other paper money will still be needed.

It did see the history of our world so it is not that easy to make it just disappear. There would be a problem in the financial industry and the most affected will the poor ones or even those who live with the average income. So this is not really good.

Yes it's not easy to get rid of paper money and even that was not possible. Because if the banknote is lost it will affect the country's economy, and the state does not have an identity in terms of finances. Anytime the banknotes will continue to be needed because it includes legal payment tool and easy because we do not need to wait for the transaction.
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November 08, 2016, 02:36:55 PM
 #2211

The future of the paper is not so good anymore due to the fact that everything will be digital and this can let the paper money be used less more these days.
Everything will be digital in the future if we are talking about payments.
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November 08, 2016, 02:47:27 PM
 #2212

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.
Yeah, paper money should not be rejected no matter what circumstance. Paper money will always be there even if you have the biggest advanmcement in technology because in one way or the other paper money will still be needed.

It did see the history of our world so it is not that easy to make it just disappear. There would be a problem in the financial industry and the most affected will the poor ones or even those who live with the average income. So this is not really good.

Yes it's not easy to get rid of paper money and even that was not possible. Because if the banknote is lost it will affect the country's economy, and the state does not have an identity in terms of finances. Anytime the banknotes will continue to be needed because it includes legal payment tool and easy because we do not need to wait for the transaction.


We are now in a paradigm shift where for the first time in history it's going to be possible to get rid of paper money. In 100 years nobody will ever know what paper money was unless you study it in school. Kids of the future will say "what the hell, people used to carry papers and coins?"

Here is when Bitcoin enters the scene and can become a global currency to fight against government e-currency.

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November 08, 2016, 03:40:21 PM
 #2213

I'm faithful to that paper money will always be popular. It is a tradition, a moral people need to have something in my pocket rang
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November 09, 2016, 05:14:46 AM
 #2214

I'm faithful to that paper money will always be popular. It is a tradition, a moral people need to have something in my pocket rang
Because paper money is never been disappear what ever happens, digital currency will be popular only in those people who have gadgets to access them but in paper money all of us can used it in a daily basis.

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November 09, 2016, 07:32:57 AM
 #2215

I'm faithful to that paper money will always be popular. It is a tradition, a moral people need to have something in my pocket rang
Because paper money is never been disappear what ever happens, digital currency will be popular only in those people who have gadgets to access them but in paper money all of us can used it in a daily basis.
Right dude, we all need paper money for our daily transactions, bitcoin is good but it cannot fill what the people really needs. Only few of us here are into online transaction where we discover bitcoin, majority of the total population in this world still relies in paper money.

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November 09, 2016, 06:05:52 PM
 #2216

Whether it is real or digital they can change the value, they can ''make'' more they can do anything they want. In the world there are 21M bitcoins. You can't ''make'' more, you can't change it's value. If paper money stop exist I don't will change anything.
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November 09, 2016, 07:11:10 PM
 #2217

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


It's a good way for bitcoin be a state-backed digital currency that will have positive effect to bitcoin.
But paper money has it own advantages which bitcoin doesn't have like physical form and can't be hacked in your pocket, lol.
I'm not saying to support paper money, but it better to have both of them.
In the future there is chance maybe paper money not using anymore, like 20-50 years later, maybe.



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November 09, 2016, 10:33:35 PM
 #2218

The future of the bitcoin is good but not so good that paper money will disappear a bit but not fully in my eyes.
Maybe in the future this will happen, everything will be digital.
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November 09, 2016, 10:49:02 PM
 #2219

The future of the bitcoin is good but not so good that paper money will disappear a bit but not fully in my eyes.
Maybe in the future this will happen, everything will be digital.
nope I do not agree, although in the future will all be very sophisticated but I think that cash will always be there, people will definitely need the cash no matter what happens


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November 10, 2016, 08:08:15 AM
 #2220

The future of the bitcoin is good but not so good that paper money will disappear a bit but not fully in my eyes.
Maybe in the future this will happen, everything will be digital.
nope I do not agree, although in the future will all be very sophisticated but I think that cash will always be there, people will definitely need the cash no matter what happens
People may always need paper money but that point is how much they will be using for their routine life. Almost nobody is using paper money in my office as we are having other facility to pay all of our needs.
Yes, we can able to buy food with electronic money and we are able to pay the taxi driver with some in build their service specific electronic money. Paper money is just for the people who are yet to adopt electronic gadgets.


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