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Author Topic: The future of the paper money  (Read 404070 times)
EdenHazard
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January 20, 2017, 12:22:30 AM

The future of the paper money will end i think, the technology is rising we can create money digital or online, we can always inovate anything. Plus using paper money consumes resources like trees and copper or what so ever. Making money as digital will help preserce our nature
yes the world is moving toward online currency, as the new generation is giving preference to online shopping and trading which is reducing the use of paper money, but i think it will still take a lot of time, may be more than 50 years so that fiat is totally replace by fiat currency.
the financial world moving to digital online system doesn't mean a traditional financial system like fiat/paper money will disappeared instantly. there is a lot of things should be done before this really happened .

for example , paper money will not disappear as long as there is no strong competitor exist, bitcoin for now still a weak competitor.

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January 20, 2017, 02:15:18 AM

The future of the paper money will end i think, the technology is rising we can create money digital or online, we can always inovate anything. Plus using paper money consumes resources like trees and copper or what so ever. Making money as digital will help preserce our nature
yes the world is moving toward online currency, as the new generation is giving preference to online shopping and trading which is reducing the use of paper money, but i think it will still take a lot of time, may be more than 50 years so that fiat is totally replace by fiat currency.
the financial world moving to digital online system doesn't mean a traditional financial system like fiat/paper money will disappeared instantly. there is a lot of things should be done before this really happened .

for example , paper money will not disappear as long as there is no strong competitor exist, bitcoin for now still a weak competitor.
The government will make sure that people will benefit, while they are making a study on the digital currencies they found it's convenience and comfort to the users. However, they will have to consider that majority of the people in this world are not still in digital world, so they have to serve the majority as well and will let the paper money be still in the circulation.

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January 20, 2017, 02:48:59 AM

The future of the paper money will end i think, the technology is rising we can create money digital or online, we can always inovate anything. Plus using paper money consumes resources like trees and copper or what so ever. Making money as digital will help preserce our nature
yes the world is moving toward online currency, as the new generation is giving preference to online shopping and trading which is reducing the use of paper money, but i think it will still take a lot of time, may be more than 50 years so that fiat is totally replace by fiat currency.
the financial world moving to digital online system doesn't mean a traditional financial system like fiat/paper money will disappeared instantly. there is a lot of things should be done before this really happened .

for example , paper money will not disappear as long as there is no strong competitor exist, bitcoin for now still a weak competitor.
The government will make sure that people will benefit, while they are making a study on the digital currencies they found it's convenience and comfort to the users. However, they will have to consider that majority of the people in this world are not still in digital world, so they have to serve the majority as well and will let the paper money be still in the circulation.

It will take a long time before this happens as change is not easily adopted. Especially when it concerns money. People would for sure be skeptical in adopting this kind of change. There would be fears that it might get hacked and their hard earned money will disappear. This is the same fear that was brought about by the collapse of Mt. Gox that sent bitcoins back to sub $200 levels.

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January 20, 2017, 08:55:44 AM

The future of our money, I think, it will dissolve. As we can see, bitcoins and other form of virtual money invented fast and fast. We can consider now that our paper money will be obsolete and we will having a new technology for our next generations of new technology.

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January 20, 2017, 09:14:58 AM

The future of our money, I think, it will dissolve. As we can see, bitcoins and other form of virtual money invented fast and fast. We can consider now that our paper money will be obsolete and we will having a new technology for our next generations of new technology.
Well, the technology is growing, even it develops very quickly from year to year. it could lead to displacement of the use of paper money, into digital money. Well, if people start to take notice of the online transaction, bitcoin will be the first choice for it.

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January 20, 2017, 09:17:36 AM

paper money is very important aspect of currencies that is use for exchange, the developed economy in Europe,America, Asia with time will reduce the spending of paper money because  e currency is taking the place of paper money.e currency is  convenient to store in a safe place for future use which is useful for our population, in developing economy paper money is very relevant because of the level of education.
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January 20, 2017, 09:22:39 AM

The future of our money, I think, it will dissolve. As we can see, bitcoins and other form of virtual money invented fast and fast. We can consider now that our paper money will be obsolete and we will having a new technology for our next generations of new technology.

No, it won't disappear... Paper money will always be alive.. Governments central bank could still finance the release of new banknotes... Actually, they can even shred the old bank notes, the dirty ones and those that don't look good or has a lot of writings on it and change it with a new one... It means they have a lot of stock of it to be released when there is a shortage... But for sure in the future, the use of digital money is inevitable, and it's already happening...  Smiley

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January 20, 2017, 09:35:39 AM

The future of our money, I think, it will dissolve. As we can see, bitcoins and other form of virtual money invented fast and fast. We can consider now that our paper money will be obsolete and we will having a new technology for our next generations of new technology.

Yes digital or plastic money is getting popular day by day and it will surpass the cash transactions in the coming future but I don't think paper money would become obsolete because there is a class of people who would always use paper money for one or many reasons such as lack of technology, lack of connectivity and lack of awareness.

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January 20, 2017, 01:13:32 PM

The future of our money, I think, it will dissolve. As we can see, bitcoins and other form of virtual money invented fast and fast. We can consider now that our paper money will be obsolete and we will having a new technology for our next generations of new technology.
very likely that paper money may be getting left behind because of the advance of civilization and technology, for the time being even though it is already a lot going on. but I can not determine is it paper money will disappear or not



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January 20, 2017, 02:48:24 PM

The future of the paper money will end i think, the technology is rising we can create money digital or online, we can always inovate anything. Plus using paper money consumes resources like trees and copper or what so ever. Making money as digital will help preserce our nature
[/quote

With the help of our new technologies and the invent of the virtual money, I think the future of the paper money will be obsolete or will not lasts when a bitcoin or any kind of virtual money will be invented. Once a local government implemented a rule or law to make bitcoins or any virtual money, the future of paper money will be a history only

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January 20, 2017, 02:57:02 PM

I think the paper money in 20 years will be destroyed and replaced with digital money. The main issue is that the government should fully control the money supply. Now in my country, more than 40℅ people save money under the pillow, after their digital money would eliminate such manner.
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January 20, 2017, 04:01:43 PM

The future of the paper money will end i think, the technology is rising we can create money digital or online, we can always inovate anything. Plus using paper money consumes resources like trees and copper or what so ever. Making money as digital will help preserce our nature
i do not think that it is so easy that the future of fiat will come to an end. i think it will continue for long long time. because still there is not any other currency that can compet fiat. although bitcoin is becoming popular from time to time, but it still it will take decades to replace fiat. as still even not 1% people are using bitcoin.
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January 20, 2017, 10:50:21 PM

I think the paper money in 20 years will be destroyed and replaced with digital money. The main issue is that the government should fully control the money supply. Now in my country, more than 40℅ people save money under the pillow, after their digital money would eliminate such manner.
Governments already control the money supply, after all they are the ones printing it, they want to monitor every single transaction made, according to them they want to do this for the public safety but it is nothing but a lie, they want full control of you and your money.



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January 21, 2017, 12:21:47 AM

The future of the paper money will end i think, the technology is rising we can create money digital or online, we can always inovate anything. Plus using paper money consumes resources like trees and copper or what so ever. Making money as digital will help preserce our nature
i do not think that it is so easy that the future of fiat will come to an end. i think it will continue for long long time. because still there is not any other currency that can compet fiat. although bitcoin is becoming popular from time to time, but it still it will take decades to replace fiat. as still even not 1% people are using bitcoin.

but its a good solution for preserving the nature, we all know that everyday national banks all over the world produces money. then everyday hundreds or thounsands of tree's are uses just to make our fiat. now if we make our money digital there would be a big factor that our nature will be preserve and taken care of.

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millgates
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January 21, 2017, 07:01:33 AM

I think the paper money in 20 years will be destroyed and replaced with digital money. The main issue is that the government should fully control the money supply. Now in my country, more than 40℅ people save money under the pillow, after their digital money would eliminate such manner.
Agree, I do not think that people still fine to use paper money. When all people in the world choose digital money as the one currency in the world, government can not do anything. Fiat usage will be decrease.


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MMA
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January 21, 2017, 08:22:47 AM

I think the paper money in 20 years will be destroyed and replaced with digital money. The main issue is that the government should fully control the money supply. Now in my country, more than 40℅ people save money under the pillow, after their digital money would eliminate such manner.
Governments already control the money supply, after all they are the ones printing it, they want to monitor every single transaction made, according to them they want to do this for the public safety but it is nothing but a lie, they want full control of you and your money.
very honestly governments are responsible for providing basic needs, security and shelter to their to their citizen, therefor they must have full control over all the activities of their citizens, and may that is the main reason that they are not accepting bitcoin as legal currency, but i am still hopeful that still they will find out some good solution for that problem and will accept bitcoin without effect the original status of bitcoin.

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jeraldskie11
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January 21, 2017, 09:30:44 AM

The government officials is the only one handle a digital currency because the money is start from them. They cannot control a crypto-currencies cause it only found in the network like research paper it usually called bitcoin but if they did not consider it to use in our country because they can't control they choose to banned it.
For there is no problem about bitcoin in our country so since there is no issue about bitcoin in our country, I will used it.

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January 21, 2017, 09:32:37 AM

Paper money is there and will be there though it may be more for a local reasons. While for money transferring if btc and block chain technology if country approves then for money remittance this could be used and has a bright future.

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January 21, 2017, 03:50:06 PM

The future of the paper money will end i think, the technology is rising we can create money digital or online, we can always inovate anything. Plus using paper money consumes resources like trees and copper or what so ever. Making money as digital will help preserce our nature
i do not think that it is so easy that the future of fiat will come to an end. i think it will continue for long long time. because still there is not any other currency that can compet fiat. although bitcoin is becoming popular from time to time, but it still it will take decades to replace fiat. as still even not 1% people are using bitcoin.
no doubt about this that the future of paper money is still safe. actually bitcoin is not yet adopt by majority of people, actually most of the people still do not proper knowledge about bitcoin while in some places where people have even knowledge about bitcoin but they do not have internet access, therefore they also cannot use bitcoin, and therefore they are still depending on fiat, actually in most of the areas the bitcoin facilities to be use as currency is not available everywhere.


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January 21, 2017, 05:19:57 PM

We will end up going towards a cashless society, but this will take a while. To be honest, in Dubai it pretty much is a cashless society there.
I think for America it will have to take more time since there is so much paper currency and it will take a while for it to be adopted.

we can end up goind towards a cashless society, but still it would take time to wait for that time. but still cashless society that runs by the crypto would be better as it saves the nature and it is more easy to carry and to use. bitcoin will always be a good thing for todays time, because this time technology is now going boundless. meaning we can do or invent something useful that can help our nature to regenarate. bitcoin can help nature by minimizing the printings of fiats that uses papers.

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