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Author Topic: The future of the paper money  (Read 414997 times)
danherbias07
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November 10, 2016, 08:21:32 AM

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.

Not really true. Who feed you this false beliefs?

As long as there is no cooperation in all the countries there will be war. Look at the world now they are fighting to which one is the stronger country.
With this, there can be war, war means destruction and with everything destructed would you still open your wifi to look for how bitcoin is now?
You wont know what could happen.


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November 10, 2016, 09:35:57 AM

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.
I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily


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November 10, 2016, 12:34:08 PM

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.
I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily

well i think paper money would still be the main currency from that will be used. it's just that in the future, we will probably have more options. i think during that time btc would be used the same way as how we use credit cards today. so we'll have more options but in general, paper money would still be the one mostly used

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November 10, 2016, 12:44:03 PM

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.
I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily
You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do.

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November 10, 2016, 12:46:58 PM

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.
I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily
You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do.

Exactly, at this stage we don't have any other choice but to use paper money as the usage of bitcoins is very limited at a moment specially in physical world as there are not many places where we can spend our bitcoins and for that we need to convert them to fiat first and the same thing will be followed in future too.
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November 10, 2016, 02:19:26 PM

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.
I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily
You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do.

Exactly, at this stage we don't have any other choice but to use paper money as the usage of bitcoins is very limited at a moment specially in physical world as there are not many places where we can spend our bitcoins and for that we need to convert them to fiat first and the same thing will be followed in future too.
What we need to do now is to make use of the two, paper money is more dominant but it's only a currency and it will not increase its value in the future but will depreciate due to inflation. Bitcoin increases its value in the future so we have to invest with bitcoin but still use paper money to spend.

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November 10, 2016, 03:46:57 PM

ofcourse bitcoin is the future of paper money. but letrally being vertual or digital is the main reason of development. if we can comfort our work with better and faster features then only we can make our lifestyle better its how we upgrade ourselfs

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November 10, 2016, 06:38:42 PM

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.
I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily
You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do.

Exactly, at this stage we don't have any other choice but to use paper money as the usage of bitcoins is very limited at a moment specially in physical world as there are not many places where we can spend our bitcoins and for that we need to convert them to fiat first and the same thing will be followed in future too.
What we need to do now is to make use of the two, paper money is more dominant but it's only a currency and it will not increase its value in the future but will depreciate due to inflation. Bitcoin increases its value in the future so we have to invest with bitcoin but still use paper money to spend.

Bitcoin is the only currency that can grow over a period of time which is not possible with paper money but due to the limited usage of bitcoins we will always need paper money to take care of our purchases and I don't think that bitcoins has that power to replace paper money in future.

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Bitcoinsummoner
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November 10, 2016, 06:43:58 PM

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.
I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily
You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do.

Exactly, at this stage we don't have any other choice but to use paper money as the usage of bitcoins is very limited at a moment specially in physical world as there are not many places where we can spend our bitcoins and for that we need to convert them to fiat first and the same thing will be followed in future too.
What we need to do now is to make use of the two, paper money is more dominant but it's only a currency and it will not increase its value in the future but will depreciate due to inflation. Bitcoin increases its value in the future so we have to invest with bitcoin but still use paper money to spend.

Bitcoin is the only currency that can grow over a period of time which is not possible with paper money but due to the limited usage of bitcoins we will always need paper money to take care of our purchases and I don't think that bitcoins has that power to replace paper money in future.
There is no reason that paper money can be replace by bitcoin since bitcoin is just alternative currency that we can use online . and it can be stay as alternative just like paypal or other currency online..
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November 10, 2016, 11:39:31 PM

Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.
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November 11, 2016, 01:49:55 AM

Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.

Which means paper money's production will be decreased in time due to this digital transactions that are already happening now and soon maybe all the government transactions and transaction in banks will go all digital too... With that evolution, I think banks has more future plans for money, I think bitcoin is not really their first option...  Smiley

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November 11, 2016, 02:23:58 AM

The future of the bitcoin is good and this also applies for the digital currency's, paper money will soon or later disappear and everything will be bought and payed digitally.
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November 11, 2016, 03:23:45 AM

I think the paper money is going to disappear for good because the digital currencies are the future, you also can see online payments are getting more standard and also in real life is easier.
                                                                                                 
I think it will never disappear for good, but the amount will lower for sure.
                                                                                                   
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November 11, 2016, 03:50:39 AM

The future of the bitcoin is good and this also applies for the digital currency's, paper money will soon or later disappear and everything will be bought and payed digitally.
I still doubt if paper money will soon disappear, I sure money paper still use in future, because peoples also need physical to real small transactions.

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November 11, 2016, 04:02:13 AM

The future of the bitcoin is good and this also applies for the digital currency's, paper money will soon or later disappear and everything will be bought and payed digitally.
I still doubt if paper money will soon disappear, I sure money paper still use in future, because peoples also need physical to real small transactions.

There is a  possibility that paper money will be phase out in some countries but I doubt paper money will be wiped out in every corner of the world. Though the trend of a currency is going to be digital there are still this developing country that unable to support such system.  Though I think there countries implementing such system and even planning to ban  paper money to be used.


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November 11, 2016, 04:38:55 AM

Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.
I do not think that banks will remove the bills and turn them into digital currency. I'm sure the technology would have evolved but that does not mean they will remove paper money


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November 11, 2016, 05:41:26 AM

Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.
I do not think that banks will remove the bills and turn them into digital currency. I'm sure the technology would have evolved but that does not mean they will remove paper money
It's not possible, more than half of the population of the world still rely on paper money. Bitcoin is only for online transaction and not even regulated by the government, for sure the government would always want their interest to be followed and with paper money all people can be benefited.

YAMZU

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November 11, 2016, 09:43:50 AM

Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.
I do not think that banks will remove the bills and turn them into digital currency. I'm sure the technology would have evolved but that does not mean they will remove paper money
I think the banks are not going to turn it into digital currency. Since the bank already has fitus e-banking that could easily pay the bills. Technology has developed the first bank in my opinion. And paper money will not be eliminated because it is still very necessary for the transaction directly. Transactions directly using paper money very quickly and effectively in my opinion, so that the paper money has been very perfect.

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November 11, 2016, 10:58:23 AM

Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
 to all bitcoin users.

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November 11, 2016, 11:28:14 AM

Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
 to all bitcoin users.
In the future bitcoin is still here while paper money is also here, nothing will change as they are both partners for success. The fact must be accepted that we can never replace paper money with our very own bitcoin as we are just a small group in the crypto whose still under the watch of the government.

YAMZU

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