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Author Topic: The future of the paper money  (Read 403522 times)
Josepino
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January 02, 2017, 03:06:01 PM

The future of the paper money will be get rid of waste bin and then nobody knows anything about it.
Cryptocurrency will replace it and become a central digital currency for payment, purshase and storage.
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January 03, 2017, 05:12:34 AM

The future of the paper money will be get rid of waste bin and then nobody knows anything about it.
Cryptocurrency will replace it and become a central digital currency for payment, purshase and storage.

Your confidence  is not back with reliable information, how would it replace paper money when currently only a little percentage of the worlds population are the users of bitcoin while we all use paper money. To reach that level of success is almost impossible, bitcoin might be the future of crypto currency but definitely not the future of money.

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danherbias07
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January 03, 2017, 09:02:52 AM

The future of the paper money will be get rid of waste bin and then nobody knows anything about it.
Cryptocurrency will replace it and become a central digital currency for payment, purshase and storage.


Really? Well you might be Nostradamus?  Grin
That is hard to predict and yet you did it. Are you rich or just thinking of yourself? There are people down the street who are relying with just cash and there are like 90% of people in the world who dont even know what bitcoin is. How can that be changed just like that?

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January 03, 2017, 09:08:52 AM

The future of the paper money will be get rid of waste bin and then nobody knows anything about it.
Cryptocurrency will replace it and become a central digital currency for payment, purshase and storage.


Really? Well you might be Nostradamus?  Grin
That is hard to predict and yet you did it. Are you rich or just thinking of yourself? There are people down the street who are relying with just cash and there are like 90% of people in the world who dont even know what bitcoin is. How can that be changed just like that?
It's clear he does not understand how important paper money is. We cannot even live without paper money, and by the way, not all of us are living in an online world, we have brothers and sisters who live in a place where internet is not even recognize.

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Fatanut
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January 04, 2017, 01:38:21 AM

The future of the paper money will be get rid of waste bin and then nobody knows anything about it.
Cryptocurrency will replace it and become a central digital currency for payment, purshase and storage.

Your confidence  is not back with reliable information, how would it replace paper money when currently only a little percentage of the worlds population are the users of bitcoin while we all use paper money. To reach that level of success is almost impossible, bitcoin might be the future of crypto currency but definitely not the future of money.
Is there any speculation that is backed by a strong and reliable data? No. Anyone can legit say anything here and that's their opinion. Nothing is a fact in here unless it has happened already. His comment is no different than the comments here saying that paper money will vanish and will be replaced by a crypto-currency.

We don't have any "reliable" information to contradict his opinion as well. Everything's just speculation. The only thing we can say right now is that paper money will not be replaced by a crypto-currency any time soon.


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millgates
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January 04, 2017, 02:15:55 AM

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service.
I think the best currency to be the future of money is which give us so many advantage while we use it.
Probably bitcoin and gold is really apropriate for the future.
Both trend value is never decrease.


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I will join....


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January 04, 2017, 03:50:15 AM

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service.
I think the best currency to be the future of money is which give us so many advantage while we use it.
Probably bitcoin and gold is really apropriate for the future.
Both trend value is never decrease.
Mind you, gold is not money but a commodity. Bitcoin will be qualified but not for the human race, it's still limited despite of it being so popular.

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January 04, 2017, 03:39:43 PM

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service.
I think the best currency to be the future of money is which give us so many advantage while we use it.
Probably bitcoin and gold is really apropriate for the future.
Both trend value is never decrease.
Mind you, gold is not money but a commodity. Bitcoin will be qualified but not for the human race, it's still limited despite of it being so popular.

Yeah I think you have a good point there. Even though bitcoin's features would be a lot more beneficial for everyday use, it still has a lot of limitations in the real world. Though I also believe that most transactions will be done online or digitally in the future, there will still be a lot of places that will still rely on tangible exchanges. So there still would be use for paper money definitely.

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January 04, 2017, 09:08:56 PM

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service.
I think the best currency to be the future of money is which give us so many advantage while we use it.
Probably bitcoin and gold is really apropriate for the future.
Both trend value is never decrease.
Mind you, gold is not money but a commodity. Bitcoin will be qualified but not for the human race, it's still limited despite of it being so popular.

You are in for a big, big surprise

None other than Alan Greenspan himself, the former chairman of the Fed, said it in the public that gold is currency and no fiat currency such as the US dollar will ever match it. Gold may in fact not be a currency for the masses (though gold bugs will obviously disagree), but it is certainly the money of last resort to governments. Monies come and go but gold remains, and if things massively go haywire on a world scale, governments will start using gold for trading between themselves. And it would well match Bitcoin as a means of transacting in a trustless environment, when governments no longer trust each other



And still less paper money they happen to print

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January 04, 2017, 09:48:17 PM

in the future the bitcoin can use around the world
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January 06, 2017, 06:21:10 AM

Paper money would still exist. Digital currencies cannot replace paper currency entirely. But in long term period, use of paper currencies would get reduced due to increased usage of digital currencies.



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January 06, 2017, 12:21:33 PM

I have made some research and I read books about economics and finance. There was this article that says about digital revolution of currency. It was stated that paper money will be burned in the future, paper money will be considered ordinary paper and will lost its value. That statement is in congruence to what is actually going to happen soon. Banks are turning into digital currency and integrate blockchain technology in their system. Soon   
all of us will no longer hold paper money since fiat currency has already turn digital.

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January 06, 2017, 04:46:32 PM

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.

Even we are living in the world that is now being conquered by technology still there is a future for paper money. All types of currency are just innovating and that's the future of paper money it will be digitized and it's all happening now. Crypto currencies are perfect example for it and as well as paypal's service.
I think the best currency to be the future of money is which give us so many advantage while we use it.
Probably bitcoin and gold is really apropriate for the future.
Both trend value is never decrease.
Gold has been used as a currency in the whole world before paper money exists, before the dawn of the civilization, and technology, but with the invention of printers and banks people started to use paper money and now with the internet and the digital age on the door makes bitcoin the best alternative for those two.

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webtricks
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Dil se, Batue se, dono se ameer hain!! <3


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January 06, 2017, 05:17:48 PM

Yeah! Almost all the governments around the world are trying to eliminate paper currency. In countries like US or Sweden, paper currency is limited to approx. 35%
But when we say, not paper currency doesn't directly mean blockchain or bitcoin. It may be other cashless means like Debit/Credit Cards, Net Banking, etc.
So as per securities of these methods, they can be well managed if they acquire 100% of currency system.
So on the whole, it is possible for some nations to completely eliminate paper currency without much worry!

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lukmandog
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lukmandog


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January 06, 2017, 05:36:28 PM

Yeah! Almost all the governments around the world are trying to eliminate paper currency. In countries like US or Sweden, paper currency is limited to approx. 35%
But when we say, not paper currency doesn't directly mean blockchain or bitcoin. It may be other cashless means like Debit/Credit Cards, Net Banking, etc.
So as per securities of these methods, they can be well managed if they acquire 100% of currency system.
So on the whole, it is possible for some nations to completely eliminate paper currency without much worry!



Paper money will exist even bitcoin get more popular. bitcoin never had paper money and it never will.


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bitbunnny
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January 06, 2017, 07:18:02 PM

Although we are heading towards cashless world I don't think that paper money will stop to exist. Governments don't have interest to eliminate it in fool and many people still like to feel money in their hands.
Bitcoin will never have paper banknotes because it's digital currency and digital currencies will stay the alternative to paper money but they will probably not prevale.

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Colt22
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January 06, 2017, 08:00:36 PM

Paper money would still exist. Digital currencies cannot replace paper currency entirely. But in long term period, use of paper currencies would get reduced due to increased usage of digital currencies.
and suppose if everyone started to make deals in digital form and they started to do shopping from online stores then everyone will like to have a digital form of currency with convenient features and so at that time people will like to use bitcoin for their dealings and for their businesses etc and the paper money will be used much less.


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lionheart78
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January 06, 2017, 08:20:38 PM

Paper money would still exist. Digital currencies cannot replace paper currency entirely. But in long term period, use of paper currencies would get reduced due to increased usage of digital currencies.
and suppose if everyone started to make deals in digital form and they started to do shopping from online stores then everyone will like to have a digital form of currency with convenient features and so at that time people will like to use bitcoin for their dealings and for their businesses etc and the paper money will be used much less.

Paper money maybe used much less in a developed country, but there is always this country that is lagging behind.  Aside from that even developed country   have always areas that cannot sync with the current development of that nation.  Considering this fact, I don't think that paper money will become obsolete.  They will change in image but most likely they will stay as paper money to use at offline transactions.

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Xenophoto
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January 07, 2017, 06:46:06 AM

I have made some research and I read books about economics and finance. There was this article that says about digital revolution of currency. It was stated that paper money will be burned in the future, paper money will be considered ordinary paper and will lost its value. That statement is in congruence to what is actually going to happen soon. Banks are turning into digital currency and integrate blockchain technology in their system. Soon   
all of us will no longer hold paper money since fiat currency has already turn digital.
I don't think "soon" is the proper word for the time span that's needed for us to all start using digital currency. There are remote countries/areas and there would always be where they can't use digital money. Actually paper money is nothing but paper, we just give value to it. Just like bitcoins, it's not but a crypto-coin, we just give value to it. Bitcoin's worth was built up by the supply and demand and nothing else. They are not both backed by anything.

Once all the resources have been used up, all these "currencies", no matter which form are they, will become useless.

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January 07, 2017, 09:23:17 AM

The paper has no future. we are using smart devices in the digital world
and We can use digital currency for payment online. If we use paper money, we can not do it .
so The digital money just has future.
for the future seems paper money will not have a bright future look more popular digital money.
but I think the paper money will survive until whenever

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