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Author Topic: The future of the paper money  (Read 404051 times)
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November 24, 2016, 12:42:03 PM
 #2361

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.
I think the true real money will always be in the form of paper money, and the money will be digital only as an option, although the future of digital money later will be more widely used, but I'm sure paper money will continue to survive
Paper money can be elimanate if system between stable, paper money is many the weakness like prone to false, paper money also difficult to control by government.
Wow! are your kidding me? You really have no idea that the government created paper money and it has a serial number as their control. Do your research please.
Well, frankly paper money very easily controlled by the government of the coin, because paper money is very easy to use, in addition to the banknotes more easily made than a coin, because the material of the paper money is very easy to obtain and can be said that the material is very easy recycled, unlike the coins. so I feel that paper money will always be used in a very long time

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November 24, 2016, 01:08:38 PM
 #2362

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 will not be banned and what is the main reason to banned this one? Paper money has a very big features in the future and it always be a based digital currency on bitcoin and it will support bitcoin all the way and paper money will be a long term and i think it will not forever but it's life time.

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November 24, 2016, 04:10:49 PM
 #2363

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 will not be banned and what is the main reason to banned this one? Paper money has a very big features in the future and it always be a based digital currency on bitcoin and it will support bitcoin all the way and paper money will be a long term and i think it will not forever but it's life time.
As long as people will need to be paper money, as they will exist. Today, the real money brings ample amenities.
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November 24, 2016, 04:17:42 PM
 #2364

It's pretty clear by 2036 no paper money will exist at all, it will be all digital and Bticoin will be worth millions of dollars since it will be the only way out from the Orwellian nightmare society where the government issues a centralized digital currency that is impossible to hide from. It will be the only way out for a lot of people. We are pioneers.

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November 24, 2016, 04:22:11 PM
 #2365

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 will not be banned and what is the main reason to banned this one? Paper money has a very big features in the future and it always be a based digital currency on bitcoin and it will support bitcoin all the way and paper money will be a long term and i think it will not forever but it's life time.

Paper money wont get banned, it will get exchanged with some digital system like bitcoin, it wont be bitcoin as governments are not able to control it so they wont use it but they will surely make their own digital currencies and use them in place of paper money later on in future.



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November 24, 2016, 05:02:17 PM
 #2366

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 will not be banned and what is the main reason to banned this one? Paper money has a very big features in the future and it always be a based digital currency on bitcoin and it will support bitcoin all the way and paper money will be a long term and i think it will not forever but it's life time.

Paper money wont get banned, it will get exchanged with some digital system like bitcoin, it wont be bitcoin as governments are not able to control it so they wont use it but they will surely make their own digital currencies and use them in place of paper money later on in future.

As indicated paper money never gets out of use. Its the currency form that existed from the early days of human life. This will continue to be used by most of the public, though lot other forms of currency gets generated.

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November 25, 2016, 05:42:03 AM
 #2367

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.


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November 25, 2016, 08:33:18 AM
 #2368

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time

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November 25, 2016, 08:58:27 AM
 #2369

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.
I think the true real money will always be in the form of paper money, and the money will be digital only as an option, although the future of digital money later will be more widely used, but I'm sure paper money will continue to survive
Paper money can be elimanate if system between stable, paper money is many the weakness like prone to false, paper money also difficult to control by government.
for example, counterfeiting, there are a lot of counterfeit money on banknotes and the government can not control it, with digital money no one can falsify it, and certainly no loss, I think the paper money has no future


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November 25, 2016, 10:11:15 AM
 #2370

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.
I think the true real money will always be in the form of paper money, and the money will be digital only as an option, although the future of digital money later will be more widely used, but I'm sure paper money will continue to survive
Paper money can be elimanate if system between stable, paper money is many the weakness like prone to false, paper money also difficult to control by government.
for example, counterfeiting, there are a lot of counterfeit money on banknotes and the government can not control it, with digital money no one can falsify it, and certainly no loss, I think the paper money has no future

That's one of the biggest bitcoin's advantages, isn't it?
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November 25, 2016, 05:04:51 PM
 #2371

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

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November 25, 2016, 05:20:10 PM
 #2372

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

It is impossible to replace for me because it was made by banks that control by government and i think government will not allow bitcoin as new currency or replace paper money..
Bitcoin is just always good for alternative that we are adopting right now..

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November 25, 2016, 06:01:34 PM
 #2373

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

It is impossible to replace for me because it was made by banks that control by government and i think government will not allow bitcoin as new currency or replace paper money..
Bitcoin is just always good for alternative that we are adopting right now..
The only money that can now free to use without resorting to mechanical st digital device, it is made of paper. That kind of money on the outskirts of major cities.
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November 25, 2016, 07:11:34 PM
 #2374

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

It is impossible to replace for me because it was made by banks that control by government and i think government will not allow bitcoin as new currency or replace paper money..
Bitcoin is just always good for alternative that we are adopting right now..
The only money that can now free to use without resorting to mechanical st digital device, it is made of paper. That kind of money on the outskirts of major cities.

Money is only an agreement from the lender that he is liable to pay the borrower the certain amount of goods or services equivalent in the foreseeable future.
If we look at the history of money, in the initial days, there was no concept of money and only one type of good was exchanged for another type. So going in this way, the future of paper money isn't very illustrious, cause it is very susceptible to damage by natural and man-made
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November 25, 2016, 08:23:45 PM
 #2375

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
Inflation is something that really affects the lives of people, making fiat currency just a tool for governments, that's one of the biggest reasons why people should adopt Bitcoin, and there are no complications to using it.
Some people may disagree, but the fact that Bitcoin is a deflationary currency has only good things to bring to the ecosystem.
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November 25, 2016, 10:00:27 PM
 #2376

I cant advice to go full into bitcoin, even when i do believe and know bitcoin does have a huge potencial to grow, and on the last year till now, bitcoin is just growing over and over again, dropping a bit over the road but always up. The fiat is being managed wrong, thats why we are taking others options to handle this problems, fiat looks like wanna to improve, and bitcoin is just an example what people need, thats security and some trust.


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November 25, 2016, 10:41:12 PM
 #2377

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

but if people then ask for prefer to use digital money like bitcoin ,
what do you think will happened to paper money?
what if then paper money considered as outdated money?
everything possible as technology develop faster , and people very welcome to it.

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November 25, 2016, 11:00:54 PM
 #2378

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

but if people then ask for prefer to use digital money like bitcoin ,
what do you think will happened to paper money?
what if then paper money considered as outdated money?
everything possible as technology develop faster , and people very welcome to it.
I think there will be a whole everyone in the world would do that? certainly there may be some people who will retain and continue to use paper money
I think the digital money will be popular but it is not going to make paper money disappear


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November 25, 2016, 11:19:47 PM
 #2379

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

but if people then ask for prefer to use digital money like bitcoin ,
what do you think will happened to paper money?
what if then paper money considered as outdated money?
everything possible as technology develop faster , and people very welcome to it.
I think there will be a whole everyone in the world would do that? certainly there may be some people who will retain and continue to use paper money
I think the digital money will be popular but it is not going to make paper money disappear
The same idea is also in my mind but there is also a doubt in my mind that nowadays I am looking that everyone is using their debit cards for to spend their money and to keep their money that show us that people are now loving to use digital means of payment so it is a possibility that in the future people will forget about paper money.



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November 26, 2016, 03:44:08 AM
 #2380

Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

but if people then ask for prefer to use digital money like bitcoin ,
what do you think will happened to paper money?
what if then paper money considered as outdated money?
everything possible as technology develop faster , and people very welcome to it.
I think there will be a whole everyone in the world would do that? certainly there may be some people who will retain and continue to use paper money
I think the digital money will be popular but it is not going to make paper money disappear
The same idea is also in my mind but there is also a doubt in my mind that nowadays I am looking that everyone is using their debit cards for to spend their money and to keep their money that show us that people are now loving to use digital means of payment so it is a possibility that in the future people will forget about paper money.
Bitcoin would be easy to use than debit cards if more establishment will accept bitcoin. It's easy for them and for use and they can increase their income the same with lessening their workforce. It's convenient to use it.



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