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Author Topic: The future of the paper money  (Read 414589 times)
altcoinnxt
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December 02, 2016, 11:22:48 AM
 #2421

Paper money will never disappear, many people use it and that is very good. It is their money that they use so it is important for them.
Of course we can see that the Bitcoin will be more used now and that is also very great to see.
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December 02, 2016, 12:24:03 PM
 #2422

Paper money will never disappear, many people use it and that is very good. It is their money that they use so it is important for them.
Of course we can see that the Bitcoin will be more used now and that is also very great to see.

I agree that paper money influence is actually reducing but I am not sure of its eradication even if possible I don't see Bitcoin taking its place. Even as at now over here, the era of carrying cash is gradually fading away as I can practically pay for everything without having to use cash via mobile money and various bank applications. Until when Bitcoin is legalized then that is when I see competition.

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December 02, 2016, 03:39:13 PM
 #2423

Paper money will never be replace, not all transactions can be done with digital money,  it is like the case with the use of paper for archival main documents or finance documents.
Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.
I do not think that should be so skeptical that paper money in general have ceased to exist in the near future. It seems to me that these words specifically aimed at to influence the minds of the people, if it is unavoidable. But this is not the case.
However, paper money is just paper, it isn't have intrinsic value. It's different with gold that was used before paper money created. I am sure that paper money will replaced by gold.

So far paper money had replaced gold, and there is no reason to think that gold is going to replace fiat any time soon. I don't know of a single example  in the recent history when paper money was replaced by gold. There were many talks about returning to gold standard of sorts, someone like Muammar Gaddafi even suggesting to issue the gold dinar, but these had remained only idle talks. Just in case, Bitcoin has no intrinsic value either, save for transactional utility only...

But fiat money has this utility as well

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December 02, 2016, 03:55:55 PM
 #2424

The bank notes of every country except used as financial transaction mean have also historical value for their citizens. Additionally, we should not forget that many people "do not understand that they have money" if they can not hold it and count with their hands. Based on these and perhaps other reasons I do not now remember it is difficult banknotes to disappear in the near future
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December 02, 2016, 04:39:48 PM
 #2425

The bank notes of every country except used as financial transaction mean have also historical value for their citizens. Additionally, we should not forget that many people "do not understand that they have money" if they can not hold it and count with their hands. Based on these and perhaps other reasons I do not now remember it is difficult banknotes to disappear in the near future
Banks still do not use paper money, and only in electronic form or by bank transfer all business. Paper money only for people need.
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December 02, 2016, 08:22:00 PM
 #2426

I doubt gold can be exchanged into the big fortunes hold at banks, gold has it time already of being main currency. The current fiat system is better then gold, since it can be printed new money anytime, they does control the money into circulation. I doubt bitcoin wil replace any of those, neither gold neither fiat printed money, we are going to swicth to digital fiat, atleast we are doing several things from home with our computers as well cellphones.
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December 02, 2016, 08:40:31 PM
 #2427

Paper money will never be replace, not all transactions can be done with digital money,  it is like the case with the use of paper for archival main documents or finance documents.
Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.
You have right point I was of the view that the people are going to use only digital means of payment in their future life and will forget the paper but with your points I have started to think about the government which is playing a good role in preserving paper money for their nations and will never like to replace it with any other thing/currency.

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December 02, 2016, 09:29:54 PM
 #2428

Paper money will never be replace, not all transactions can be done with digital money,  it is like the case with the use of paper for archival main documents or finance documents.
Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.
You have right point I was of the view that the people are going to use only digital means of payment in their future life and will forget the paper but with your points I have started to think about the government which is playing a good role in preserving paper money for their nations and will never like to replace it with any other thing/currency.

Many people still do not even know about the existence of Bitcoin. It's still early to say that it will replace paper money. It will take a lot of years before that happens. Maybe this will not happen
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December 03, 2016, 05:18:51 AM
 #2429

Paper money will never be replace, not all transactions can be done with digital money,  it is like the case with the use of paper for archival main documents or finance documents.
Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.
You have right point I was of the view that the people are going to use only digital means of payment in their future life and will forget the paper but with your points I have started to think about the government which is playing a good role in preserving paper money for their nations and will never like to replace it with any other thing/currency.

Many people still do not even know about the existence of Bitcoin. It's still early to say that it will replace paper money. It will take a lot of years before that happens. Maybe this will not happen
Though they have no idea about bitcoin for now but we expect that they will learn it in the future, people who love to transact online are the first to know and basically would adopt with bitcoin, even though it will be popular in the future but paper money of fiat will always be here to serve us.

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December 03, 2016, 07:09:16 AM
 #2430



Many people still do not even know about the existence of Bitcoin. It's still early to say that it will replace paper money. It will take a lot of years before that happens. Maybe this will not happen
that's right if bitcoin only well known amongst techy person whilst the rest just don't really give a shit even they've heard it,though it's an usual thing because a countries whose fiat aren't really known by people also exist. but at the end it's just matter about the time until bitcoin spreading around and will be popular amongst people around the world

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December 06, 2016, 12:28:00 AM
 #2431

Bitcoin has made several companies invest deeply into better solutions to their financial system, besides make a small pression into the digital era that is starting to take their first steps. I do see we changing to digital transactions and forget and stop use printed money on the next 25 years.
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December 06, 2016, 03:30:10 AM
 #2432

Paper money will never be replace, not all transactions can be done with digital money,  it is like the case with the use of paper for archival main documents or finance documents.
Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.
You have right point I was of the view that the people are going to use only digital means of payment in their future life and will forget the paper but with your points I have started to think about the government which is playing a good role in preserving paper money for their nations and will never like to replace it with any other thing/currency.

Many people still do not even know about the existence of Bitcoin. It's still early to say that it will replace paper money. It will take a lot of years before that happens. Maybe this will not happen

Even if the bitcoin already popular, i'm sure people will keep using paper money. Many people still don't know about digital money and lazy to learn about the new thing like bitcoin. Especially like at asian country, in my country paper money still used.
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December 06, 2016, 06:02:08 AM
 #2433

Paper money will never be replace, not all transactions can be done with digital money,  it is like the case with the use of paper for archival main documents or finance documents.
Exactly, even bitcoin users are using paper money for their daily transactions. The fact that it's the government who required as to use paper money as a legal tender to be use for daily transaction that gives us confidence over bitcoin. Government rule the world, they implement laws to protect its people so that makes sense to believe that money will still be strong in the future.
You have right point I was of the view that the people are going to use only digital means of payment in their future life and will forget the paper but with your points I have started to think about the government which is playing a good role in preserving paper money for their nations and will never like to replace it with any other thing/currency.

Many people still do not even know about the existence of Bitcoin. It's still early to say that it will replace paper money. It will take a lot of years before that happens. Maybe this will not happen

Even if the bitcoin already popular, i'm sure people will keep using paper money. Many people still don't know about digital money and lazy to learn about the new thing like bitcoin. Especially like at asian country, in my country paper money still used.

Accept it one thing, if bitcoin cross all the records, but bitcoin can't destroy the paper money. Because bitcoin is here only for paper money, I mean bitcoin has alternative with paper money. Otherwise if paper money finished so how can we use the bitcoin?
It is true and we should accept it that more than half country don't know about digital currency. And even they know that than also paper money always remain in this world.   

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December 11, 2016, 06:40:11 PM
 #2434

If you think about it bitcoin only exists because internet exists so as long as internet is here so is the bitcoin, but if the internet goes down people will go back to the old ways and that is paper money because we don't live alone we always need that human interaction even if everything is done online nowadays.

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December 11, 2016, 07:06:58 PM
 #2435

If you think about it bitcoin only exists because internet exists so as long as internet is here so is the bitcoin, but if the internet goes down people will go back to the old ways and that is paper money because we don't live alone we always need that human interaction even if everything is done online nowadays.

Internet cannot go down either as it is used by all the government bodies all over the world. And all businesses are using internet so it is impossible that internet will be down unless a war will happen very soon and we are not able to connect to internet and bitcoin for all infrastructures are going to be destroyed.
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December 12, 2016, 09:11:10 AM
 #2436

If you think about it bitcoin only exists because internet exists so as long as internet is here so is the bitcoin, but if the internet goes down people will go back to the old ways and that is paper money because we don't live alone we always need that human interaction even if everything is done online nowadays.

Internet cannot go down either as it is used by all the government bodies all over the world. And all businesses are using internet so it is impossible that internet will be down unless a war will happen very soon and we are not able to connect to internet and bitcoin for all infrastructures are going to be destroyed.

Internet certainly won't go down

But this doesn't mean that governments couldn't try to limit Bitcoin usage through creating massive hurdles on using it in Internet. As there is already the Great Firewall of China (for those who are going to discard this idea out of hand), we could just as well expect the governments to establish something like the United Nations Bitcoin Firewall. Apparently, it won't stop people from using Bitcoin, but it would heavily hurt its further adoption among population

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December 12, 2016, 02:35:02 PM
 #2437

the paper money has been existing for now so people will want to prefer  paper money because of it convenient and it worth so on like bitcoin every developing in the world country today are still using coin so with bitcoin still better chances to be preferred in times to come so for the fact that it has good potentials. 

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December 19, 2016, 04:58:25 PM
 #2438

the paper money has been existing for now so people will want to prefer  paper money because of it convenient and it worth so on like bitcoin every developing in the world country today are still using coin so with bitcoin still better chances to be preferred in times to come so for the fact that it has good potentials. 


If you have large amount of paper money in India, you might be in big trouble now as the government will change the money.

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December 19, 2016, 08:03:54 PM
 #2439

the paper money has been existing for now so people will want to prefer  paper money because of it convenient and it worth so on like bitcoin every developing in the world country today are still using coin so with bitcoin still better chances to be preferred in times to come so for the fact that it has good potentials. 


If you have large amount of paper money in India, you might be in big trouble now as the government will change the money.

I don't know what's going on in India right now, but it may well be along the events that happened in 1991 in the former Soviet Union

Namely, on January 23d of that year the Soviet government carried out a confiscatory monetary reform. Late in the evening of the precious day they declared on the TV that the old 50 and 100 ruble notes (the highest denominations back then) should be exchanged for the new ones with severe restrictions. The reform lasted only 3 days, and no more than 1,000 rubles per person had been allowed to be exchanged. Apart from that, the amount of money which a single person could withdraw at the Savings Bank of the USSR was also limited to no more than 500 rubles monthly. To avoid multiple withdrawals by the same individual in different branches of that bank, records of the amounts withdrawn were made on the last pages of the passport of each such individual. Because to this reform many ordinary people lost their lifetime savings

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December 26, 2016, 08:17:47 PM
 #2440

I think u are only talking about fiat currency which is not different at all .and there will be no paper money at all .and hope bitcoins rise to a next level .
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