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Author Topic: The future of the paper money  (Read 403674 times)
Bitcoinsummoner
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November 12, 2016, 06:02:28 PM
 #2261

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.
I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

If they change paper money to a digital system where paper money wont be used anymore then there would be no use of paper money even in offline activities, but no one can say for sure that bitcoin will be that digital system of replacing paper money system.
I think digital currency like bitcoin are good only for alternative just like atm if they have no money to pay they can give atm to buy and shops in malls.. but paper but you can not use in far places without signal so paper money should be stay and use by people because its valuable..

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November 12, 2016, 06:06:49 PM
 #2262

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

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bitdumper
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November 12, 2016, 06:09:04 PM
 #2263

we are already entering the future of the monetary system we have already seen many xontrys are really started taking action on it. india, america , europe , london , switzerland and many more no matter what strict them buts its a massive improvment since last 15years

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November 13, 2016, 01:53:11 AM
 #2264

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.
I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

If they change paper money to a digital system where paper money wont be used anymore then there would be no use of paper money even in offline activities, but no one can say for sure that bitcoin will be that digital system of replacing paper money system.
I think digital currency like bitcoin are good only for alternative just like atm if they have no money to pay they can give atm to buy and shops in malls.. but paper but you can not use in far places without signal so paper money should be stay and use by people because its valuable..

The fact is people are used to paper money as they are using it since beginning and there is no way it can disappear in future as it holds support from the Government and they will never allow any digital currency to replace their national currency, more people will start using bitcoins in future but only as an alternative to paper money.

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MONKEYJUNK
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November 13, 2016, 02:01:20 AM
 #2265

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink and fast, that's why we will see cash for a long time.
agamasrori
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November 13, 2016, 02:09:39 AM
 #2266

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink and fast, that's why we will see cash for a long time.
People can not easily change their habbit, becouse thus is not one person habbit but it is more than million peopke habbit, paper did not have intrinsic value like dinar (gold) . Bitcoin better than paper money becouse it is have no inflation.


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mirakal
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November 13, 2016, 02:38:53 AM
 #2267

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink and fast, that's why we will see cash for a long time.
In a poor country, the life is not so fast so they do not need online transaction. They live a simple life and work to have the food for meals and what I know they are using paper money now and in the future. Therefore, you cannot make all people adopt with bitcoin not even in the future.

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November 13, 2016, 02:48:59 AM
 #2268

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink and fast, that's why we will see cash for a long time.
In a poor country, the life is not so fast so they do not need online transaction. They live a simple life and work to have the food for meals and what I know they are using paper money now and in the future. Therefore, you cannot make all people adopt with bitcoin not even in the future.

In poor and grown country life moves in a similar way, but the usage access differ based upon the requirement of the people residing in localities. Possibly even after very huge adoption paper money still paper money gets used around every part of the world without any difference in the country's growth.

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November 13, 2016, 03:44:01 AM
 #2269

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Probably not within 50 years. Let us remember gold was replaced by paper money only after about 4,000 years of use. Paper money has only been in use for around 200 years. So probably we'll see paper money until we die.

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November 13, 2016, 03:57:56 AM
 #2270

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink and fast, that's why we will see cash for a long time.
In a poor country, the life is not so fast so they do not need online transaction. They live a simple life and work to have the food for meals and what I know they are using paper money now and in the future. Therefore, you cannot make all people adopt with bitcoin not even in the future.

In poor and grown country life moves in a similar way, but the usage access differ based upon the requirement of the people residing in localities. Possibly even after very huge adoption paper money still paper money gets used around every part of the world without any difference in the country's growth.
You cannot erase the paper money in the circulation, it has been for so long and will always be here. It was enforce by the government so we need to comply with it. That's it, bitcoin will be good in the future so long with paper money, they go hand in hand for sure to the success.



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November 13, 2016, 09:43:48 PM
 #2271

Despite the fact that there are projections, if mankind abandons the usual paper money during detyati years and switch to digital, I think you need to do more to take into account the fact that probably more than half the people are not ready and not even heard of bitcoin. Therefore, all will be very difficult.
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November 13, 2016, 09:59:41 PM
 #2272

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink and fast, that's why we will see cash for a long time.
In a poor country, the life is not so fast so they do not need online transaction. They live a simple life and work to have the food for meals and what I know they are using paper money now and in the future. Therefore, you cannot make all people adopt with bitcoin not even in the future.

In poor and grown country life moves in a similar way, but the usage access differ based upon the requirement of the people residing in localities. Possibly even after very huge adoption paper money still paper money gets used around every part of the world without any difference in the country's growth.
You cannot erase the paper money in the circulation, it has been for so long and will always be here. It was enforce by the government so we need to comply with it. That's it, bitcoin will be good in the future so long with paper money, they go hand in hand for sure to the success.

Bitcoin will be more popular in future and many more people will start using it but their primary choice would be paper money and will keep bitcoin as an secondary option but if we find many places to spend bitcoins directly then the popularity of paper money would be decreased but it won't disappear for sure.
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November 13, 2016, 10:16:09 PM
 #2273

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink and fast, that's why we will see cash for a long time.
In a poor country, the life is not so fast so they do not need online transaction. They live a simple life and work to have the food for meals and what I know they are using paper money now and in the future. Therefore, you cannot make all people adopt with bitcoin not even in the future.

In poor and grown country life moves in a similar way, but the usage access differ based upon the requirement of the people residing in localities. Possibly even after very huge adoption paper money still paper money gets used around every part of the world without any difference in the country's growth.
You cannot erase the paper money in the circulation, it has been for so long and will always be here. It was enforce by the government so we need to comply with it. That's it, bitcoin will be good in the future so long with paper money, they go hand in hand for sure to the success.

Bitcoin will be more popular in future and many more people will start using it but their primary choice would be paper money and will keep bitcoin as an secondary option but if we find many places to spend bitcoins directly then the popularity of paper money would be decreased but it won't disappear for sure.
The fact that bitcoin is a popular no one disputes, but only how they will benefit from very poor people, if completely neutralized paper money. It's certain death for many people, because of the impossibility to have a bitcoin.
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November 13, 2016, 10:24:36 PM
 #2274

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?


paper money,  real fiat money until next 10 year
cant't replace, nothing is digital curency replace position paper money fiat money

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November 13, 2016, 10:26:57 PM
 #2275

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.

Maybe in rich countries because you can't do it in the poor ones.

People talk a lot about bitcoin be anonymous but sometimes they forget that paper money is anonymous too Wink and fast, that's why we will see cash for a long time.
In a poor country, the life is not so fast so they do not need online transaction. They live a simple life and work to have the food for meals and what I know they are using paper money now and in the future. Therefore, you cannot make all people adopt with bitcoin not even in the future.

In poor and grown country life moves in a similar way, but the usage access differ based upon the requirement of the people residing in localities. Possibly even after very huge adoption paper money still paper money gets used around every part of the world without any difference in the country's growth.
You cannot erase the paper money in the circulation, it has been for so long and will always be here. It was enforce by the government so we need to comply with it. That's it, bitcoin will be good in the future so long with paper money, they go hand in hand for sure to the success.

Bitcoin will be more popular in future and many more people will start using it but their primary choice would be paper money and will keep bitcoin as an secondary option but if we find many places to spend bitcoins directly then the popularity of paper money would be decreased but it won't disappear for sure.
The fact that bitcoin is a popular no one disputes, but only how they will benefit from very poor people, if completely neutralized paper money. It's certain death for many people, because of the impossibility to have a bitcoin.

Major issue is that many people don't know how to use it or how to earn it so in that case we cannot expect that they will start using bitcoins and even if they are aware its hard to believe that many of them will start using bitcoins and would  prefer to use what is easy for them.

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ivan.daineko23
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November 13, 2016, 10:34:41 PM
 #2276

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?


paper money,  real fiat money until next 10 year
cant't replace, nothing is digital curency replace position paper money fiat money
The banking system will come up with a way out of this situation. I do not believe that everything will just end. It's a lot of pressure on people who have had banks with paper money.
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November 13, 2016, 10:58:49 PM
 #2277

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?


paper money,  real fiat money until next 10 year
cant't replace, nothing is digital curency replace position paper money fiat money
The banking system will come up with a way out of this situation. I do not believe that everything will just end. It's a lot of pressure on people who have had banks with paper money.
The future of paper money is safe until people will keep on using it and till it exists and we don't see any sign in paper money getting disappear in future as it hold the maximum number of users and apart from that it also enjoys the support from the Government.

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November 13, 2016, 11:04:18 PM
 #2278

Maybe better to earn and increase bitcoin, so use it as a commodity, and the use of paper money and more. It may even have a positive impact on the general public opinion on bitcoin.
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November 13, 2016, 11:21:07 PM
 #2279

If bitcoin gets on the mainstream then paper money will loose its popularity and users too, as if bitcoin gets widely used and accepted then people will prefer to use bitcoin more in compare to paper money as it will give them freedom of going for shopping cashless and things will become more easier.

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November 13, 2016, 11:25:08 PM
 #2280

If bitcoin gets on the mainstream then paper money will loose its popularity and users too, as if bitcoin gets widely used and accepted then people will prefer to use bitcoin more in compare to paper money as it will give them freedom of going for shopping cashless and things will become more easier.
Storage, production and the material itself is very expensive for the production of paper money. And if the popular will cryptocurrency, then paper money will be bid farewell ,.
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