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Author Topic: The future of the paper money  (Read 404087 times)
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November 20, 2016, 12:59:34 AM
 #2321


I think here in my country in my own speculation according to what i seen in the mall maybe 5% to 8% of people who are using atm and maximum of 10% for online payment they are using online bankings .. they are late in technology but they are gradually increases.. and i hope more adoption and more people that can know about the advantages of digital currency..  as alternative payment methods  that we can also use locally in the future..

Too bad most of the people in the less developing world are in poverty. With that reality, we cannot push bitcoin to them.

The new generation almost all had a phone with internet at it, we do use for a long time those equipements, i dont know how long it will take but i believe the current printed money wont last more then 70 years from now, if they keep it the way it is would be insane.

Wow! you really sure? I don't bite your speculation. Paper money will be forever..



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November 20, 2016, 05:23:29 AM
 #2322

Future of Bitcoin economy can be said to increase as many are interested in this digital currency. Besides, what else as the transaction is also easy and fast. can replace the value of paper money is too many. But all back to GOD Almighty bitcoin future if this will be good or bad.
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November 20, 2016, 06:22:56 AM
 #2323

The new generation almost all had a phone with internet at it, we do use for a long time those equipements, i dont know how long it will take but i believe the current printed money wont last more then 70 years from now, if they keep it the way it is would be insane.

ROFLMAO.... 70 years is a long time.... I don't know whether humanity will survive for that long. With global warming and the possibility of a World War III, we may destroy our planet much earlier than that date. Still... fiat currency has existed for more than two thousand years... My guess is that it will survive as long as the humanity exists.

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November 20, 2016, 06:27:34 AM
 #2324

The new generation almost all had a phone with internet at it, we do use for a long time those equipements, i dont know how long it will take but i believe the current printed money wont last more then 70 years from now, if they keep it the way it is would be insane.

ROFLMAO.... 70 years is a long time.... I don't know whether humanity will survive for that long. With global warming and the possibility of a World War III, we may destroy our planet much earlier than that date. Still... fiat currency has existed for more than two thousand years... My guess is that it will survive as long as the humanity exists.
there's indeed a possibility for World War III to be exist in the future,but there's no sign of it to be actually happen,as you know america which is going to be lead by Trump is now making such a good relationship with Russia due to vladimir putin congratulating trump for being elected to become the number 1 person in united states,but i believe in 70 years humanity will still survive,many people are now developing such a eco friendly thing which could keep the earth from destruction or getting doomed


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November 20, 2016, 07:19:28 AM
 #2325

Dont go just looking here. There is much to be seen outside and a lot is happening. Many people are still leaning on paper money and thats it. No more option or whatever it is, either a Us dollar or a Euro.

99.99% of the people are still using paper money, and the situation will remain the same for the next several decades. 10% to 20% may be using cards, but these people also use paper money as well for their daily needs. Right now, the battle is between paper money and plastic money, and not between paper money and digital money.
The number is decreasing day by day and in my country, we have 10-15% people using mainly digital money like online wallets, online banking and debit/credit cards.

People who don't know anything about the internet have to rely on paper money but it's always secure to carry paper money in addition to plastic money. There is no such battle currently as many shops don't even use these machines as a payment mode. They are considering it which is a good thing.
i think those people who have access to bitcoin are also depending on fiat, still most of the people are using bitcoin for investment purposes, as there are very limited facilities of using bitcoin in more of the areas. as in my country there is a single shop who is accepting bitcoins for limited items.


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ardentvolcanoes
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November 20, 2016, 07:33:57 AM
 #2326

Dont go just looking here. There is much to be seen outside and a lot is happening. Many people are still leaning on paper money and thats it. No more option or whatever it is, either a Us dollar or a Euro.

99.99% of the people are still using paper money, and the situation will remain the same for the next several decades. 10% to 20% may be using cards, but these people also use paper money as well for their daily needs. Right now, the battle is between paper money and plastic money, and not between paper money and digital money.
The number is decreasing day by day and in my country, we have 10-15% people using mainly digital money like online wallets, online banking and debit/credit cards.

People who don't know anything about the internet have to rely on paper money but it's always secure to carry paper money in addition to plastic money. There is no such battle currently as many shops don't even use these machines as a payment mode. They are considering it which is a good thing.
I think here in my country in my own speculation according to what i seen in the mall maybe 5% to 8% of people who are using atm and maximum of 10% for online payment they are using online bankings .. they are late in technology but they are gradually increases.. and i hope more adoption and more people that can know about the advantages of digital currency..  as alternative payment methods  that we can also use locally in the future..

and as we can see, Using a digital currency has a big advantage since we can make transaction already whenever we are in different countries that also uses and accepts bitcoin as another method of payment and because of that it would give us less hassle when it comes to payment and we never have to worry if ever we don't have enough cash in the future.

B O

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November 20, 2016, 11:28:53 AM
 #2327

I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.
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November 20, 2016, 12:49:15 PM
 #2328

I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.

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November 20, 2016, 01:42:05 PM
 #2329

I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.
Agree with you that fiat will exist even bitcoin would be more popular in the future since bitcoin is decentralized currency it can only used in online trnasaction and fiat is much prefer for more people who are not aware in bitcoin.

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Doamader
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November 20, 2016, 03:03:02 PM
 #2330

I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.
Bitcoin does allow all to make money being a trader or investor, why do you have bitcoins, why do you buy bitcoins? Some people are buying bitcoin to avoid the loss their local currencie does has, like Venezuela. Fiat will always be used, but the printed money it should improve and moove into digital as bitcoin is currently, makes no sense print money nowadays, its more a waste then any other thing, but we need to improve and upgrade a lot, till the day internet its free for all, and computers and mobiles become cheaper.


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arseaboy
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November 20, 2016, 03:23:30 PM
 #2331

Future of Bitcoin economy can be said to increase as many are interested in this digital currency. Besides, what else as the transaction is also easy and fast. can replace the value of paper money is too many. But all back to GOD Almighty bitcoin future if this will be good or bad.

Everyone of us are expectinv that vlthe value of bitcoin will increase in the future. It's true that having a bitcoin makes easier for us to transact because it is online. But I don't think it will replace paper money it will be forever.

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November 20, 2016, 03:40:27 PM
 #2332

I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.
Agree with you that fiat will exist even bitcoin would be more popular in the future since bitcoin is decentralized currency it can only used in online trnasaction and fiat is much prefer for more people who are not aware in bitcoin.

Fiat money will exist but probably it will be in a cashless system, paper money is doomed, it is destined to be obsolete,  there are several country that is planning to shift in a cashless society.  And there are lots of services where you don't need paper money for transaction, instead you just need cards or services like that in order to pay for your items.  The setup of the current world is more likely to eliminate paper money and  bitcoin strengthen that setup.

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berserkinterbuy
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November 23, 2016, 09:01:59 PM
 #2333

Future of Bitcoin economy can be said to increase as many are interested in this digital currency. Besides, what else as the transaction is also easy and fast. can replace the value of paper money is too many. But all back to GOD Almighty bitcoin future if this will be good or bad.

Everyone of us are expectinv that vlthe value of bitcoin will increase in the future. It's true that having a bitcoin makes easier for us to transact because it is online. But I don't think it will replace paper money it will be forever.
Personally, I have to change anything is not going to. I have a digital money for Internet and paper to real life. Why do I have to invent the wheel again. And so I was happy with everything ..
one-day0
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November 23, 2016, 09:51:14 PM
 #2334

I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.
Agree with you that fiat will exist even bitcoin would be more popular in the future since bitcoin is decentralized currency it can only used in online trnasaction and fiat is much prefer for more people who are not aware in bitcoin.

Fiat money will exist but probably it will be in a cashless system, paper money is doomed, it is destined to be obsolete,  there are several country that is planning to shift in a cashless society.  And there are lots of services where you don't need paper money for transaction, instead you just need cards or services like that in order to pay for your items.  The setup of the current world is more likely to eliminate paper money and  bitcoin strengthen that setup.
In my opinion the paper money remains not so much in the second. The fact that he walked with the times, the world will be reconstructed at all digital. For all digitally stored second to money will get too.
Capradina
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November 23, 2016, 10:02:10 PM
 #2335

I think that everyone agrees that the paper money for a long time will accompany the human race. Bitcoin is a product where you can make money, but paper money is a means of goods.

I just want to correct your statement, bitcoin was not created to give us money instead it is just means we can use to make money and only when we are a trader or an investor of this asset. Paper money will always exist along side with bitcoin, but they will not have the same value.
Agree with you that fiat will exist even bitcoin would be more popular in the future since bitcoin is decentralized currency it can only used in online trnasaction and fiat is much prefer for more people who are not aware in bitcoin.

Fiat money will exist but probably it will be in a cashless system, paper money is doomed, it is destined to be obsolete,  there are several country that is planning to shift in a cashless society.  And there are lots of services where you don't need paper money for transaction, instead you just need cards or services like that in order to pay for your items.  The setup of the current world is more likely to eliminate paper money and  bitcoin strengthen that setup.
In my opinion the paper money remains not so much in the second. The fact that he walked with the times, the world will be reconstructed at all digital. For all digitally stored second to money will get too.

It can indeed happen, for now most of the things we are doing is using digital and only a few we do using paper money. so a bitcoin can be a solution in the bitcoin needs, but it is all also see condition that occurs in the future, because we will not know for sure how the future will we encounter. Just pray and work as best as possible for the future

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November 23, 2016, 10:35:58 PM
 #2336

Future of Bitcoin economy can be said to increase as many are interested in this digital currency. Besides, what else as the transaction is also easy and fast. can replace the value of paper money is too many. But all back to GOD Almighty bitcoin future if this will be good or bad.
I think the future although later all transactions will be digital, but I thought it was not going to make paper money becomes disappeared, although I'm sure in the future everyone is using digital money, but occasional paper money will certainly be used


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SmirnoffVany
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November 23, 2016, 10:48:01 PM
 #2337

Future of Bitcoin economy can be said to increase as many are interested in this digital currency. Besides, what else as the transaction is also easy and fast. can replace the value of paper money is too many. But all back to GOD Almighty bitcoin future if this will be good or bad.
I think the future although later all transactions will be digital, but I thought it was not going to make paper money becomes disappeared, although I'm sure in the future everyone is using digital money, but occasional paper money will certainly be used
The danger lies for bitcoin in the bitcoin, in the format in which it currently exists. Anonymity can sometimes act as a negative factor that attracts different people who can take advantage of it.
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November 23, 2016, 10:50:00 PM
 #2338

The new generation almost all had a phone with internet at it, we do use for a long time those equipements, i dont know how long it will take but i believe the current printed money wont last more then 70 years from now, if they keep it the way it is would be insane.

ROFLMAO.... 70 years is a long time.... I don't know whether humanity will survive for that long. With global warming and the possibility of a World War III, we may destroy our planet much earlier than that date. Still... fiat currency has existed for more than two thousand years... My guess is that it will survive as long as the humanity exists.

War? Really you do believe on those, it wont happen wars are too expensive and we are facing financial problems starting a war now would colapse all economies, i havent said the fiat will be over, im saying the market its changing and digital era will replace the current printed money. People are taking care about their actions, atleast there is a concern to adapt the economies of the world.

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November 23, 2016, 10:55:35 PM
 #2339

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

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maister77777
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November 23, 2016, 11:34:18 PM
 #2340

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.
Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.
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