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Author Topic: The future of the paper money  (Read 404025 times)
bitbaby
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February 09, 2016, 06:25:55 AM
 #261

Afaik, in Switzerland, the use of paper money has been reduced quite significantly cmiiw, I think I saw in news about this and instead of using paper money they do wire/card transactions to cut down on illegal trades and soon other nations will follow this and move to digital currencies.

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madonnino
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February 09, 2016, 07:53:21 AM
 #262

the future of paper money are the paper wallet full of bitcoin!!!
lrdeoliveira
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February 09, 2016, 08:12:59 AM
 #263

I think that all the governments will ban the paper money in a near future, after that will be' much more 'easy to spy on all the citizens movements
arbitrage
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February 09, 2016, 01:26:51 PM
 #264

Bitcoin is good try of small people to control their future.
But we will never get chance to hold our destiny in our hands.
They won't let this happen!
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February 09, 2016, 02:03:33 PM
 #265

Could be. But people will still look for something to touch trust to ourselves is far greater than trust to anything.
gregyoung14
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February 09, 2016, 03:15:57 PM
 #266

How about Bitcoin paper money! Haha. More of a digital encrypt of the money. Things are never too impossible nowadays.
arbitrage
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February 10, 2016, 09:26:42 AM
 #267

I think that all the governments will ban the paper money in a near future, after that will be' much more 'easy to spy on all the citizens movements

That's not possible, governments will never ban paper money, if they does then it would be end of their corrupted activities, and they have control over paper money which is absent when it comes to bitcoin as a currency.
They will not ban paper money. They already uses systems of electronic payments more than that paper money. They won't  give up on practice of printing money, that's for sure!
LuckyYOU
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February 10, 2016, 09:43:56 AM
 #268

I think the less used later.
For the world is because more and more digital.
And many people also increasingly use Bitcoin.

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February 10, 2016, 11:24:42 AM
 #269

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 be banned entirely? no,i dont think this is gonna be happen.
How long do you think that happens? even that will happen,need more than 50 years.
would it work? not of course.
What security and privacy risks would it raise? internet and other connection will be problem.
And how would public and privately issued monies interact? they wil care,always.
reputedchain
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February 10, 2016, 09:38:13 PM
 #270

I think the less used later.
For the world is because more and more digital.
And many people also increasingly use Bitcoin.

More and more people will enter the world of bitcoin for sure but that doesn't mean that paper money would simply disappear, it will survive till end, even if everything goes digital there will be few users who will use only paper money.
avw1982
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February 10, 2016, 09:55:25 PM
 #271

I think that all the governments will ban the paper money in a near future, after that will be' much more 'easy to spy on all the citizens movements

May be but I think bitcoin come in coin or paper to replace the fiat and moreover It will remain there in digital state. So both together It will rule the world currencies more powerful than USD.
fuathan
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February 11, 2016, 12:47:50 AM
 #272

Paper money or physical money has already gone but we are not accepting it because of our habits... Governments produce money digitally rather than physically...

Mr.grin
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February 11, 2016, 07:31:16 AM
 #273

Paper money or physical money has already gone but we are not accepting it because of our habits... Governments produce money digitally rather than physically...
although the government produces digital money, but people tend to prefer the real money in the form of paper, and it was at this time that it is inherent in the society from birth, so it is not possible irreplaceable


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mrflibblehat
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February 11, 2016, 11:41:05 AM
 #274

I wonder when all currencies will be replaced with some sort of universal digital credits.

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February 11, 2016, 11:52:17 AM
 #275

i dont use paper money in my life now ,i use credit card for buy everything and for pay everything. and in the future we will use different system without paper money.
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February 11, 2016, 03:48:51 PM
 #276

i think that Paper money would not be banned and will not be replaced by digital currency because paper money supported by the government so i think it's impossible to see paper money banned by any countries
CryptoBjorn
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February 11, 2016, 05:21:57 PM
 #277

I think cash will remain long existence. Because many people have that need.
Especially people in poor countries know it. Many people do not even know what Bitcoins.
Nameless Coin
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February 12, 2016, 02:56:50 PM
 #278

I think paper money it still remains.
Especially for older people, because they do not know how to handle the new money

LuckyYOU
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February 12, 2016, 04:04:07 PM
 #279

I do like paper money but in the future it will be gone.
The digital currency's are gonna take over the paper money.
Its just a matter of time till it will happen.

doctor877
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February 12, 2016, 08:19:41 PM
 #280

I think paper money it still remains.
Especially for older people, because they do not know how to handle the new money

That's true, it is difficult for older generation to accept the change, as I have seen many people who wants to get rid of even debit cards to withdraw money, they would prefer to go to bank, wait in queue and withdraw money.
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