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Author Topic: The future of the paper money  (Read 404022 times)
icecube45
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January 09, 2017, 09:53:39 AM
 #2521

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.
That's right. Paper money will stay the main mode of payment for many more years. Sometimes we forget that we, people who live in cities and who have a computer are not the biggest percent of people on the Earth. Those the biggest percent is going to use paper money for a long long time. And by the approximately calculation only 1 milliard of people in the final count will use bitcoin. But by my opinion bitcoin is money of future.
to me i think still paper money is important part of our life. i think most of the people are still depending on fiat currency, because i do not use or fiat in most of occasions,
No doubt, it's the most popular form of fiat money, with paper money, people does not need to use internet to transact like the digital money. It's very simple to use that's why it's popular as all of use can use it regardless of our educational attainment. It's like we are trading when we transact but personally.

True. Not everyone can afford an internet and they might also think why pay for internet if I could just use that money for another usage. Food or payment for rentals or maybe bills instead of wasting it for an internet. We cant erase that. Many people still thinks like rhat.
It's now not everyone thinks to perform transactions be digitally, but for the future? Very likely in future transactions are very popular be digitally. Because now became popular people doing transactions digitally (though not all). But according to my digital transactions only as an alternative, and paper money will always be used for face to face transactions because it is practical and efficient.
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January 09, 2017, 12:42:34 PM
 #2522

although in the future will all be completely online, including payment. I'm sure there must be something that requires a paper money for payment, whatever that
I believe that the digital currency will dominate, but it will not make the papers disappear

Paper money will never disappear not in this century, in before the increase in the dominance of internet which makes the use of electronic money as such, it has not even reduce the amount of paper notes being printed by the Central Bank. Paper money has being with us for ages and centuries and for any kind of currency to replace it means it has to be around if not that long then close to that or else, the worse that will happen is that they both co-exist.

Actually paper money is now starting  to go digital. Just look at China it will release its prototype fiat digital currency this coming September. This signals a new leap in the banking system. Soon other countries will turn into a cashless society like china. Paper money will soon be history when fiat digital currency hits the road.

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January 09, 2017, 01:57:33 PM
 #2523

although in the future will all be completely online, including payment. I'm sure there must be something that requires a paper money for payment, whatever that
I believe that the digital currency will dominate, but it will not make the papers disappear

Paper money will never disappear not in this century, in before the increase in the dominance of internet which makes the use of electronic money as such, it has not even reduce the amount of paper notes being printed by the Central Bank. Paper money has being with us for ages and centuries and for any kind of currency to replace it means it has to be around if not that long then close to that or else, the worse that will happen is that they both co-exist.

Actually paper money is now starting  to go digital. Just look at China it will release its prototype fiat digital currency this coming September. This signals a new leap in the banking system. Soon other countries will turn into a cashless society like china. Paper money will soon be history when fiat digital currency hits the road.
it looks like it was a good idea, but i'm not sure can be applied in 5 years although will be at the start of September. Moreover, if Associated with overseas, of course, the more difficult.
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January 09, 2017, 02:08:16 PM
 #2524

Its amazing to see a country working into the new era of money that should become digital, soon or later internet will be free for all instead be paid. Im curious to see how China will promote and handle their currencie, but im sure this is the future, bitcoin has pushed the future to a near tomorrow, with this i do hope to get all transactions clear, and know where the money from my work is being spent.


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January 09, 2017, 02:40:59 PM
 #2525

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

Yes it will always be and there are people who are not even updated with these type of usage when paying because they really lack of knowledge about technology. There is always a need for paper money even the technology is becoming more good enough nowadays and we can transact everything using internet.



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January 09, 2017, 03:20:35 PM
 #2526

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

Yes it will always be and there are people who are not even updated with these type of usage when paying because they really lack of knowledge about technology. There is always a need for paper money even the technology is becoming more good enough nowadays and we can transact everything using internet.

You're entirely right. For the longest time people have been reliant on physical exchange of products for transaction and I can't really see that changing even with the rise of digital currency. Of course it would be easier for people to do online purchases but most of the time, everyday transactions and needs require you to use cash. It's possible that highly developed nations would one day use cash minimally but let's face it, there are a lot more second and third world countries that won't have access to digital transactions all the time so it would still be paper money that would mostly run  their businesses.

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January 09, 2017, 04:47:45 PM
 #2527

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

Yes it will always be and there are people who are not even updated with these type of usage when paying because they really lack of knowledge about technology. There is always a need for paper money even the technology is becoming more good enough nowadays and we can transact everything using internet.

It will surely take time for people to accept it but i'm sure the day will come when the world will be completely digital and so will the payment systems, though we cannot say for sure that bitcoin will be the mode for that but governments might create their own digital currencies which will replace paper money system for sure.
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January 10, 2017, 08:15:13 PM
 #2528

And I'm pleased that all that except for bitcoin can use paper money. I earn using bitcoin and spend dollars.
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January 10, 2017, 09:25:11 PM
 #2529

although in the future will all be completely online, including payment. I'm sure there must be something that requires a paper money for payment, whatever that
I believe that the digital currency will dominate, but it will not make the papers disappear

Paper money will never disappear not in this century, in before the increase in the dominance of internet which makes the use of electronic money as such, it has not even reduce the amount of paper notes being printed by the Central Bank. Paper money has being with us for ages and centuries and for any kind of currency to replace it means it has to be around if not that long then close to that or else, the worse that will happen is that they both co-exist.

Actually paper money is now starting  to go digital. Just look at China it will release its prototype fiat digital currency this coming September. This signals a new leap in the banking system. Soon other countries will turn into a cashless society like china. Paper money will soon be history when fiat digital currency hits the road.
But I don't think that with this chinese adoption they will remain as cashless.The cash will still be there as in Chna there are some places where the society is not much advanced as it is shown on media so in these places fiat will be used.


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January 10, 2017, 10:05:00 PM
 #2530

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

Yes it will always be and there are people who are not even updated with these type of usage when paying because they really lack of knowledge about technology. There is always a need for paper money even the technology is becoming more good enough nowadays and we can transact everything using internet.

It will surely take time for people to accept it but i'm sure the day will come when the world will be completely digital and so will the payment systems, though we cannot say for sure that bitcoin will be the mode for that but governments might create their own digital currencies which will replace paper money system for sure.
true, although the digital world will later use the money for their currency system, it does not mean that bitcoin will replace paper money, it was something very difficult
but I hope bitcoin could play an important role

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January 10, 2017, 10:23:36 PM
 #2531

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

Yes it will always be and there are people who are not even updated with these type of usage when paying because they really lack of knowledge about technology. There is always a need for paper money even the technology is becoming more good enough nowadays and we can transact everything using internet.

It will surely take time for people to accept it but i'm sure the day will come when the world will be completely digital and so will the payment systems, though we cannot say for sure that bitcoin will be the mode for that but governments might create their own digital currencies which will replace paper money system for sure.
true, although the digital world will later use the money for their currency system, it does not mean that bitcoin will replace paper money, it was something very difficult
but I hope bitcoin could play an important role
While the rest of the world uses paper money, us talking about bitcoin and its great popularity, but really need to look at things and understand that paper money is still more weight
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January 10, 2017, 10:33:28 PM
 #2532

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

Yes it will always be and there are people who are not even updated with these type of usage when paying because they really lack of knowledge about technology. There is always a need for paper money even the technology is becoming more good enough nowadays and we can transact everything using internet.

It will surely take time for people to accept it but i'm sure the day will come when the world will be completely digital and so will the payment systems, though we cannot say for sure that bitcoin will be the mode for that but governments might create their own digital currencies which will replace paper money system for sure.
true, although the digital world will later use the money for their currency system, it does not mean that bitcoin will replace paper money, it was something very difficult
but I hope bitcoin could play an important role
While the rest of the world uses paper money, us talking about bitcoin and its great popularity, but really need to look at things and understand that paper money is still more weight

Yes nowadays were really binded to dgital world of internet specially with internet payment transaction needs credit card which you will be paying through banks offline through paper money which is fiat currency. So to make it clear to understand by most of us, the future of paper money is still popular ti people even though bitcoin is popular in digital world because of its advantages compared to fiat currency, paper money still be patronized in the future.


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WarThunder
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January 10, 2017, 10:36:28 PM
 #2533

If we talk about the future of paper money, how can predict that they will exist More about twenty or thirty years. As if people will not use them opting for digital currencies.
ivan.daineko23
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January 10, 2017, 10:48:38 PM
 #2534

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

Yes it will always be and there are people who are not even updated with these type of usage when paying because they really lack of knowledge about technology. There is always a need for paper money even the technology is becoming more good enough nowadays and we can transact everything using internet.

It will surely take time for people to accept it but i'm sure the day will come when the world will be completely digital and so will the payment systems, though we cannot say for sure that bitcoin will be the mode for that but governments might create their own digital currencies which will replace paper money system for sure.
true, although the digital world will later use the money for their currency system, it does not mean that bitcoin will replace paper money, it was something very difficult
but I hope bitcoin could play an important role
While the rest of the world uses paper money, us talking about bitcoin and its great popularity, but really need to look at things and understand that paper money is still more weight

Yes nowadays were really binded to dgital world of internet specially with internet payment transaction needs credit card which you will be paying through banks offline through paper money which is fiat currency. So to make it clear to understand by most of us, the future of paper money is still popular ti people even though bitcoin is popular in digital world because of its advantages compared to fiat currency, paper money still be patronized in the future.
The banking system and the financial state of the system can not work without cash, and even the people can not exist without them. Did not all the features of even ordinary people to use a credit card, not to mention the bitcoin and the Internet.
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January 10, 2017, 11:01:26 PM
 #2535

State makes the issue of securities for a reason, and paper money, they too will defend to the last. It is through them can be in excess profits and keep people on a leash. Thus it is possible to understand that having a chance at freedom with bitcoin, they will not allow
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January 10, 2017, 11:37:04 PM
 #2536

Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment.

Yes it will always be and there are people who are not even updated with these type of usage when paying because they really lack of knowledge about technology. There is always a need for paper money even the technology is becoming more good enough nowadays and we can transact everything using internet.

It will surely take time for people to accept it but i'm sure the day will come when the world will be completely digital and so will the payment systems, though we cannot say for sure that bitcoin will be the mode for that but governments might create their own digital currencies which will replace paper money system for sure.

We are going near with that automated payments, salaries and everything wit digital transactions. But still its hard to determine when it is going to happen, once the one world government started to move with their plans. Then I guess that's the time that most of the people are going to be forcibly need to study about on how we are going to use it.



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January 10, 2017, 11:42:30 PM
 #2537

Even central banks are now experimenting with blockchain solutions which I think just proves how inefficient paper currency truly is. I mean if you lived in a rural area in the 70s or 80s, sure, paper money is obviously something to cherish.

But right now there is internet access even in the most remote areas on earth and I simply don't see the point of having to waste ink on absolutely nothing. Also paper money is produced by a central bank, which means that they can print as much as they want.

Bitcoin is superior in every aspect.



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ANN Thread
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January 11, 2017, 03:38:26 AM
 #2538

State makes the issue of securities for a reason, and paper money, they too will defend to the last. It is through them can be in excess profits and keep people on a leash. Thus it is possible to understand that having a chance at freedom with bitcoin, they will not allow
Bitcoin is secure, the P2P thecnology is better than the paper money transaction system. We need millitary security to do million dollar transaction, I think it is so conventional. Also the inflation makes people get saturated to use fiat.


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January 11, 2017, 03:40:53 AM
 #2539

State makes the issue of securities for a reason, and paper money, they too will defend to the last. It is through them can be in excess profits and keep people on a leash. Thus it is possible to understand that having a chance at freedom with bitcoin, they will not allow

Even they aren't going to allow their people to use bitcoin still most of us will still rely on bitcoin. And we can't set aside the usage of paper money it will still going to be used and remain unless the whole world is being covered a modern technology that will be used by most of the people. Financial services will be upgraded but paper money will be still there.
I guess that defers on which country you are living, there are countries which are not progressive enough, hence they will not fully adopt with the modern technology, and even if in the future digital currency is the trend, the use of paper money is still cannot be underestimated. Like me, I do use bitcoin and I am fully educated with digital currency but in my country only few are adopting so I also have to use paper money and I can say I have no inconvenience in using it.

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January 11, 2017, 03:58:29 AM
 #2540

Paper money in 25 years again will decrease 50% from now and 40 years again will full disappear. Digital money will replace paper money, everyone will bring a card to replace paper money.

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