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Author Topic: The future of the paper money  (Read 403543 times)
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January 27, 2017, 09:53:27 PM

I think the paper money will continue to exist, just as the document that is still printed on paper. Although everything is sophisticated, obviously proof in writing still needed. I'm sure, paper money would never disappear.
yes my be in modern countries the situation change a little early and they may adopt the new online digital currency, but in backward countries it may take much more time. because most of the back ward countries yet do not have the facilities of computer and internet.  their educational ratio is also still very low therefore we can expect that they will take comparatively more time to exchange their currencies.
Even in first world countries it does not seem like a good idea to completely eliminate paper money, what if a blackout happens in a whole region of the country or in the whole country? You will have no way to buy anything from groceries to gasoline, cash is very useful on those circumstances.



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January 27, 2017, 10:41:05 PM

I think the paper money will continue to exist, just as the document that is still printed on paper. Although everything is sophisticated, obviously proof in writing still needed. I'm sure, paper money would never disappear.
yes my be in modern countries the situation change a little early and they may adopt the new online digital currency, but in backward countries it may take much more time. because most of the back ward countries yet do not have the facilities of computer and internet.  their educational ratio is also still very low therefore we can expect that they will take comparatively more time to exchange their currencies.
The world does not move only for modern countries, there are many countries who are not too updated with the modern technology, hence they cannot adopt to the digital currencies but will prefer to use paper money for convenience. I think paper money and digital currency will always exist since in this world it will not happen that every country has the same economic situation.
There are such corners on the Earth where even payment by cards didn't reach. What to tell about bitcoin then? Crypto currency is expected future of paper money that it will be totally adopted really not soon.
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January 27, 2017, 11:24:40 PM

Many people are thinking that bitcoin will be paper money but i thiknk we have already a paper money which is our paper wallet contains private key. but bitcoin will never be the same as fiat that has paper money.. since bitcoin is just alternative payment processor we can only use it online and now many sites are accepting it even here in my school i found someone now are studying bitcoin and they are earnings few bitcoins ..
I also never heard of it. many people who say that perhaps bitcoin will be released in a form of paper money, and I also thought like that. but, basically bitcoin has had the best form, ie as cryptocurrency, and it has become a tool of the best deals on the internet. Well, I believe that paper money will only be used for the fiat, not for bitcoin.
I think it would be a setback for the technology when bitcoin bitcoin create a paper version. because as you've said cryptocurrency or virtual currency has been the best form of a currency

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January 28, 2017, 12:15:55 AM

Many people are thinking that bitcoin will be paper money but i thiknk we have already a paper money which is our paper wallet contains private key. but bitcoin will never be the same as fiat that has paper money.. since bitcoin is just alternative payment processor we can only use it online and now many sites are accepting it even here in my school i found someone now are studying bitcoin and they are earnings few bitcoins ..
Paper money is bad, it's easily burn, ripped,stolen, the inflation make the value decrease and need military security to bring a lot of money. This morning, I saw some people with gun only for move the money from bank to somewhere. It is very costly and not practically. I am sure that all people will saturated of using paper money.


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January 28, 2017, 12:49:39 AM

Many people are thinking that bitcoin will be paper money but i thiknk we have already a paper money which is our paper wallet contains private key. but bitcoin will never be the same as fiat that has paper money.. since bitcoin is just alternative payment processor we can only use it online and now many sites are accepting it even here in my school i found someone now are studying bitcoin and they are earnings few bitcoins ..
Paper money is bad, it's easily burn, ripped,stolen, the inflation make the value decrease and need military security to bring a lot of money. This morning, I saw some people with gun only for move the money from bank to somewhere. It is very costly and not practically. I am sure that all people will saturated of using paper money.
The risk is normal so they have to secure some to protect the transaction, but they are banks and they are a big industry so I believe they know what they are doing. The market is very big as majority of the world's population are using paper money and even if they will make a digital currency, still more people will prefer to use paper money. Bottom line, they make more money with paper money as they have a great market of clients.

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January 28, 2017, 03:34:23 AM

Many people are thinking that bitcoin will be paper money but i thiknk we have already a paper money which is our paper wallet contains private key. but bitcoin will never be the same as fiat that has paper money.. since bitcoin is just alternative payment processor we can only use it online and now many sites are accepting it even here in my school i found someone now are studying bitcoin and they are earnings few bitcoins ..
Paper money is bad, it's easily burn, ripped,stolen, the inflation make the value decrease and need military security to bring a lot of money. This morning, I saw some people with gun only for move the money from bank to somewhere. It is very costly and not practically. I am sure that all people will saturated of using paper money.

Yet it is used by the majority, paper money may have its flaws but people have been using it for a
long time and it can be easily used by anyone. until then all we can do is use paper money until they
can make a better version of their own currency.


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January 28, 2017, 06:57:05 AM

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet

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January 28, 2017, 07:10:57 AM

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet
but the newspaper still favourable amongst many people, they often said that the feels of reading news paper and reading news through internet is different by many factors, according to that i can say that there must be some people who still prefer paper money over digital currency,they will hold on until government ban that paper money or stop to use it


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January 28, 2017, 07:28:11 AM

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet
but the newspaper still favourable amongst many people, they often said that the feels of reading news paper and reading news through internet is different by many factors, according to that i can say that there must be some people who still prefer paper money over digital currency,they will hold on until government ban that paper money or stop to use it

Actually news papers now has online version. Both are good to read and are just the same, but I am sure millennials will prefer the online version and the old folks love to read the news papers with their coffee.  With regards to money, it will survive for many years and probably will just have a change in its composition or the materials that it use, but still, it will survive.

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January 28, 2017, 07:35:20 AM

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet
but the newspaper still favourable amongst many people, they often said that the feels of reading news paper and reading news through internet is different by many factors, according to that i can say that there must be some people who still prefer paper money over digital currency,they will hold on until government ban that paper money or stop to use it

Actually news papers now has online version. Both are good to read and are just the same, but I am sure millennials will prefer the online version and the old folks love to read the news papers with their coffee.  With regards to money, it will survive for many years and probably will just have a change in its composition or the materials that it use, but still, it will survive.

Comparing to newspaper online version or portable one you can just simply read it to the website of the news company which is more convenient to all of us. Rather than bringing a lot of pages of paper and takes time to read, the same thing in paper money. The possibility of it to be replaced by digital money is there but the implementation of it will be hard somehow because not all the people are good in using technology.

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January 28, 2017, 09:11:53 AM

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet

No you can't just compare one thing to another and conclude that it's analogous to the other. That's like saying "since we used to draw stuffs on an actual paper and now we can draw using our tablets. Thus, we can also draw money online."

Newspaper and paper money isn't just the same thing. The word "paper" on their names doesn't make them similar to each other, other than the fact that they are both made of paper.

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January 28, 2017, 06:06:59 PM

Paper money is here to stay. When you check the history of the evolution of money, people used to do barter trade. Slowly, the system evolved to other commodities like silver diamond and gold. The evolution continued until now where we have electronic money. You can realize that those commodities (precious stones) that were used as currency (in exchange of goods) are now regarded highly. Similarly, paper money will not disappear but will have a more important meaning.

Paper money is just paper money and those precious stones have value because they were mined and you can't just find them easily. It took a lot of effort to collect and process those, and those things are limited unlike the paper money that the government can print out whenever they wanted too.

I'm pretty sure that people have started accepting stuffs like silver and gold at first because they know that it's precious and valuable. Fiat money was created back then so it would be easier to pay someone and all fiat money was backed by gold. But now, it isn't backed by gold anymore which makes paper money just a simple paper that we accept in exchange to our goods. When everything goes down, these paper money would have no value.
Gold is scarce, precious stones like diamonds are not, the reason diamonds are so valuable is because a company has  a monopoly of more than 80% of the diamond production and they run a very successful marketing campaign to make diamonds part of the marriage process.



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January 28, 2017, 06:46:45 PM

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet
but the newspaper still favourable amongst many people, they often said that the feels of reading news paper and reading news through internet is different by many factors, according to that i can say that there must be some people who still prefer paper money over digital currency,they will hold on until government ban that paper money or stop to use it

Actually news papers now has online version. Both are good to read and are just the same, but I am sure millennials will prefer the online version and the old folks love to read the news papers with their coffee.  With regards to money, it will survive for many years and probably will just have a change in its composition or the materials that it use, but still, it will survive.

Yeah the younger generation will prefer to go for digital payment methods and older generation will still prefer to use paper money as bitcoins can be complicated for them and they are used to paper money as they are using it since the beginning so even in future we will find many users who will prefer to stay with paper money.
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January 28, 2017, 06:53:24 PM

There is no future for fiat money,paypal,skrill,perfectmoney,payza,payeer,payoneer and and other fiat money online wallet there are past.There is only future for cryptocurrencies which everybody almost likes Cheesy
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January 28, 2017, 08:23:00 PM

Paper money is only limited by earth's supply of trees Smiley

At least digital currency is "backed" by the mining's ever-soaring level of difficulty. This built-in scarcity model prevents deflation of bitcoin value, raises the miners' bar for return on investment, and thereby guarantees a steady climb in price. Each transaction buyer wants to hold for a later price rise, and so on down the line. Not every trader can outwait their own need for their own fiat currency, so naturally there are trades at a loss. Whoever has the most patience and greatest wealth can end up with a large hoard of bitcoins.

Mining difficulty in no way backs the value of bitcoin. Mining difficulty is only a result of how many computers are solving the algo that mints coins. Whether bitcoin was worth $1000 or $1, it wouldn't directly affect the difficulty of the mining.  

The built-in scarcity does not give it a floor value. If that was true, any altcoin with fewer than 21 million possible coins would have a price point higher than bitcoin. What gives bitcoin value is the collective belief by people holding it or seeking to buy it that it will continue to have value. It's just a confidence game.
Well in mining there is more chance of running out coins to be mines than trees running out first. Also if Trees are the problem there is a lot of ways now creating a new fiat currency and that is the use of Fibers from fruits and other materials. Also the government does not need to develop new prints of money because it creates an imbalance in the economy. Remember they control the flow of currency in the country.

Most new dollar creation is digital these days compared to physical money anyway. So worrying about "running out of trees," while not a major concern to begin with, is even less of a concern in today's economy. All the bitcoins will be mined long before we run out of trees. Especially since money isn't made out of trees to begin with!


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January 28, 2017, 08:26:20 PM

I am very sure, paper money survive no more than 50 years, this is because the Earth has been very badly damaged, thus the use of papers are forbidden, including to make money.
interesting thought , but there is a lot of crumbly paper too ,
so it shouldn't be a problem anymore if they want to keep printing the pape money ,
imho applying digital money needed hundred years ,
so i doubt within 50 year paper moneycan be replaced.

"Paper" money isn't actually paper anyway. It's a mixture of linen and cotton. It's far more durable than if bills were made out of actual paper. Any bill that got wet would basically disintegrate. But the "paper" money we have now can survive being wet, or even being washed in a washing machine. It's durable for a reason.


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January 28, 2017, 08:47:36 PM

There is no future for fiat money,paypal,skrill,perfectmoney,payza,payeer,payoneer and and other fiat money online wallet there are past.There is only future for cryptocurrencies which everybody almost likes Cheesy

No mate that is not a reality as there are many people who are not still aware about crypto world and even have a fear of using credit and debit cards for making purchases and prefers only to use paper money as its very easy and don't have a feeling of loosing their money so I think paper money will always survive even in future.



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January 28, 2017, 10:23:35 PM

Many people are thinking that bitcoin will be paper money but i thiknk we have already a paper money which is our paper wallet contains private key. but bitcoin will never be the same as fiat that has paper money.. since bitcoin is just alternative payment processor we can only use it online and now many sites are accepting it even here in my school i found someone now are studying bitcoin and they are earnings few bitcoins ..
I also never heard of it. many people who say that perhaps bitcoin will be released in a form of paper money, and I also thought like that. but, basically bitcoin has had the best form, ie as cryptocurrency, and it has become a tool of the best deals on the internet. Well, I believe that paper money will only be used for the fiat, not for bitcoin.
I think it would be a setback for the technology when bitcoin bitcoin create a paper version. because as you've said cryptocurrency or virtual currency has been the best form of a currency
Actually there are already the so-called paper wallets, and some users see this as a safe way to store Bitcoins. However, I see some problems in this form, because if the paper is damaged, you can lose access to your Bitcoins. Maybe it can serve as a way to diversify, to put just a few coins, but the safest way, in my opinion, is to store in a secure computer or device, preferably offline.

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PikcioChain ICO Starts on 24th of November


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January 28, 2017, 10:32:01 PM

There is no future for fiat money,paypal,skrill,perfectmoney,payza,payeer,payoneer and and other fiat money online wallet there are past.There is only future for cryptocurrencies which everybody almost likes Cheesy

No mate that is not a reality as there are many people who are not still aware about crypto world and even have a fear of using credit and debit cards for making purchases and prefers only to use paper money as its very easy and don't have a feeling of loosing their money so I think paper money will always survive even in future.
Few peoples living in dream world and saying paper money is going to end but its nothing happening to this because currently very few peoples have access to this crypto world and its not going to cover all other poor and third world countries even in next 100 years so future of paper money is still good


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//  ANN Thread  //  Whitepaper  //
║══   ICO ​Starts 24th ​Nov ​2017   ══║
//  Facebook  //  Twitter  //  Telegram  //

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January 29, 2017, 01:29:17 AM

Paper money is still a dominant type of currency in the future because this is very popular currency and its value is not fluctuating compared to crypto currency, and you cant expect its price to be like bitcoin that can spike up higher price. Few people knew bitcoin and it doesn't overcome the participation of fiat money at all because most people wants to earn bitcoin and exchanged it to fiat money through wallets online.


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