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Author Topic: The future of the paper money  (Read 404065 times)
zodiac3011
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December 01, 2015, 02:36:37 PM
 #241

As far into the future as I can see, paper money would still be the primary method of trading. As seen with much of the world, many do not have an internet connection, let alone a computer or even adequate shelter. They are required to be able to trade with some form of digital currency, which in this case is Bitcoins. Paper money on the other hand, is much easier for everybody to use. However, once everybody has access to the internet, digital currency will be superior and will take over! Tongue
I've just combined two things I've read in the previous posts.
Sweeden wants to be a cashless country. One of my friends' had spent a little time there. If you don't have a credit card, you can't even hop on a bus, train, etc because they really don't use cash at all. One place where they are still using coins is the door lock of the public toilets Smiley
Just imagine that you are in a really need and you are about to swipe your card to open the toilet's lock, and the power outage comes Smiley
“There are some things money can’t buy. For everything else there’s MasterCard.”  or not  Smiley
well even if they use cards for paying the public toilets, they must have some back up plans before deciding to do so Grin they have to think all the outcomes before doing anything
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December 01, 2015, 03:01:04 PM
 #242

In the future paper money will be worth so much Tongue because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.
zodiac3011
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December 01, 2015, 03:08:15 PM
 #243

In the future paper money will be worth so much Tongue because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.
Hey love your idea Grin let's collect all the paper money around the world before it's too late to do that!
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December 01, 2015, 03:25:09 PM
 #244

In the future paper money will be worth so much Tongue because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.
Hey love your idea Grin let's collect all the paper money around the world before it's too late to do that!

Yes it can be used for several things. For instance as wallpaper.Each room with a different currency! Cheesy
Or as toilet paper!Never can have enough of tha right! Grin
Or you use it as fuel!Although  Andreas A. said "Goat shit burns better!" Shocked

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December 01, 2015, 03:55:30 PM
 #245

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
I agree with this to an extent.  I also like physically having something in my hand that represents the fruit of my labors, but bitcoin also satisfies.  Just not as much.  And owning precious metals is even better than paper money.  For me, anyway.

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December 03, 2015, 10:18:03 AM
 #246

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
I agree with this to an extent.  I also like physically having something in my hand that represents the fruit of my labors, but bitcoin also satisfies.  Just not as much.  And owning precious metals is even better than paper money.  For me, anyway.
In this case if paper money won't exist anymore and you don't really like the virtual money, instead of putting your savings in virtual money you should consider buying gold or similar. If you rent a safe in a bank or if you have a safe at home, you can store huge value in a little safe especially if you buy diamonds, they're way too expensive.
But if you run out of storage, you can organize some exhibits in different museums. In this case your value is in a safe place and you have something phisical to hold your values in.

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December 03, 2015, 02:23:09 PM
 #247

Nobody really like to carry those currencies and coins in their pockets. It ain't that safe, many will debate about carrying credit cards, even then at some point we will have to withdraw or pay our bills with cash. But if digital currencies come into existence there wont be any hassle.

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December 03, 2015, 02:55:18 PM
 #248

In the future paper money will be worth so much Tongue because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.
But this is not going to happen in near future for developing countries its need too much time for developed countries its still need some good time so may be your grandchild's could be best beneficiaries of your paper money collections
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December 03, 2015, 03:13:04 PM
 #249

In the future paper money will be worth so much Tongue because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.
But this is not going to happen in near future for developing countries its need too much time for developed countries its still need some good time so may be your grandchild's could be best beneficiaries of your paper money collections

That is true to if the paper of money from now will be a high value it won't happend maybe over 100-150 years that will happend.
zodiac3011
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December 03, 2015, 03:39:34 PM
 #250

In the future paper money will be worth so much Tongue because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.
Hey love your idea Grin let's collect all the paper money around the world before it's too late to do that!

Yes it can be used for several things. For instance as wallpaper.Each room with a different currency! Cheesy
Or as toilet paper!Never can have enough of tha right! Grin
Or you use it as fuel!Although  Andreas A. said "Goat shit burns better!" Shocked
How about make it a business! that may turn out to be a really really great business Grin
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January 14, 2016, 09:09:30 AM
 #251

Nobody really like to carry those currencies and coins in their pockets. It ain't that safe, many will debate about carrying credit cards, even then at some point we will have to withdraw or pay our bills with cash. But if digital currencies come into existence there wont be any hassle.

In the US, some people carry cash is not to spend it, but to save their life when they are robbed. So digital currency do not have that function.

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January 14, 2016, 01:15:15 PM
 #252

In the future paper money will be worth so much Tongue because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.
But this is not going to happen in near future for developing countries its need too much time for developed countries its still need some good time so may be your grandchild's could be best beneficiaries of your paper money collections

Yeah that's true, but I don't think that any crypto can replace paper money, and it would take a long time that the world would survive only on digital currency, and paper money will exist forever and can never be replaced as the users of paper money are more as compared to digital currency and they will continue using it.
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February 08, 2016, 09:04:18 AM
 #253

In the future paper money will be worth so much Tongue because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.
But this is not going to happen in near future for developing countries its need too much time for developed countries its still need some good time so may be your grandchild's could be best beneficiaries of your paper money collections

Yeah that's true, but I don't think that any crypto can replace paper money, and it would take a long time that the world would survive only on digital currency, and paper money will exist forever and can never be replaced as the users of paper money are more as compared to digital currency and they will continue using it.

Paper money might not be replaced totally, it will be used for long term. But the percentage of paper money usage will reduce.

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February 08, 2016, 09:41:56 AM
 #254

It is obvious paper money is obsolete..More payments are made by credit cards then real money!
It it matter of time when they will use blockchain for "transaction"- this is going to be sarcastic blockchain!
Bitcoin is dead, long live new blockchain..
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February 08, 2016, 05:58:32 PM
 #255

I suppose the paper money will always be the preferred currency, so a lot of advantages banknotes of the coin, for example, paper money more easily under and input into the wallet, unlike the coins. if bitcoin want to thrive in the real world, then bitcoin should issue something in paper form


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February 08, 2016, 06:05:19 PM
 #256

I suppose the paper money will always be the preferred currency, so a lot of advantages banknotes of the coin, for example, paper money more easily under and input into the wallet, unlike the coins. if bitcoin want to thrive in the real world, then bitcoin should issue something in paper form

Yes everyone prefers something in hand, so that it would be easy for local purchase. To thrive in the real world it doesn't need to be issued in the paper form. Once it gets released the value gets cut down. Also now regularly we can experience a difference in price of bitcoin which can't be expected if something happens likewise.

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February 08, 2016, 06:12:45 PM
 #257

Paper money will not disappear anytime soon. Well maybe paper money will go and be replaced with plastic bills, but you get the idea. People are too stubborn and used to it to give it up.

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February 08, 2016, 08:42:14 PM
 #258

I dont know about you, but i really like paper money when paying outside. I love to use Bitcoin online thugh.

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February 08, 2016, 09:55:39 PM
 #259

Paper money will not disappear anytime soon. Well maybe paper money will go and be replaced with plastic bills, but you get the idea. People are too stubborn and used to it to give it up.

Paper money is being replaced with bank plastic cards and it is more easy to pay through banks and leaving the cash only for few or less than a dollar in our pocket.


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February 09, 2016, 01:39:09 AM
 #260

In the future paper money will be worth so much Tongue because I bet a lot of paper money will be destroid and the collecters will be rich.

But I just think in the future all our money will me in the phone or smart watch.
But this is not going to happen in near future for developing countries its need too much time for developed countries its still need some good time so may be your grandchild's could be best beneficiaries of your paper money collections

Yeah that's true, but I don't think that any crypto can replace paper money, and it would take a long time that the world would survive only on digital currency, and paper money will exist forever and can never be replaced as the users of paper money are more as compared to digital currency and they will continue using it.

Paper money might not be replaced totally, it will be used for long term. But the percentage of paper money usage will reduce.

No, it will.

Its not a matter of "if it will or not" its a matter of "when". The intrinsic value of fiat will always come back to zero, as for us to still be alive this long to see similar to zimbabwe`s currency to the us dollars we still have awhile.

Since other international banks help other foreign banks for their notes.
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