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Author Topic: The future of the paper money  (Read 403616 times)
HarringtonStark
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February 09, 2017, 03:01:36 AM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.
I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin.


The best way to protect against hackers is to become one so that you know how they do it. I spilt my Bitcoins into 3 different accounts so that hackers will not have a chance to steal all my balance.

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February 09, 2017, 03:49:33 AM

Cash gonna to stay,Russian oligarchs always have some milions in diffrent currencys in his houses
Now EU limited transaction in cash,why becouse people dont trust banks and govs and truth is there is no money in that debt economys money are vanishing,so btc is growing
because money some how is not that safe as bitcoin. and government is also involved in controlling of Paper money. but in bitcoin a person is only the boss of his bitcoins and no one can ask him or charge him to having btc.. I don't know what will be the future of paper money but the future of bitcoin is very bright.

Mbah Slamet
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February 09, 2017, 04:07:27 AM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.
I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin.


The best way to protect against hackers is to become one so that you know how they do it. I spilt my Bitcoins into 3 different accounts so that hackers will not have a chance to steal all my balance.
Nice, the best way is to keep it to a few wallets. According adage that says "do not store eggs in one place, because if it breaks out then nothing is left". In addition, never store in a regular wallet, use the features available in the VAULT web wallet.
dEjAvU97
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February 09, 2017, 04:42:31 AM

Currently many trial digital money, so I'm sure slowly the use of paper money will be reduced so that the right will be omitted. One of the things that make digital money is easy it is State control of the money supply.
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February 09, 2017, 04:49:15 AM

Currently many trial digital money, so I'm sure slowly the use of paper money will be reduced so that the right will be omitted. One of the things that make digital money is easy it is State control of the money supply.
As quoted above several digital currency based upon several countries government has been under trial. But those were with limited function to be used within the country or state. As said making money supply is easy and cost of paper money generation can be eliminated but risk of usage in illegal and relating activities might increase. I believe at some corner of every country paper money will be used even if digital money gets circulated with regulations.



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hurain
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February 09, 2017, 07:04:16 AM

Currently many trial digital money, so I'm sure slowly the use of paper money will be reduced so that the right will be omitted. One of the things that make digital money is easy it is State control of the money supply.
As quoted above several digital currency based upon several countries government has been under trial. But those were with limited function to be used within the country or state. As said making money supply is easy and cost of paper money generation can be eliminated but risk of usage in illegal and relating activities might increase. I believe at some corner of every country paper money will be used even if digital money gets circulated with regulations.
but i think i never heard about this that any government has created their own digital currency. i think may be they are thinking about that because of the growing need of the people. but still no country has yet announced any currency. although some organizations and forums have already created their own currencies and are now operation different services on it.
Bitcoin0916
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February 09, 2017, 07:37:36 AM

I think there will a come a time that we will consider digital currency as a means of payment. We already have countries using credit cards at almost everything but I guess paper money wouldn't disappear. It would still be best to have something tangable when it comes to payment. Wouldn't it also be much more dangerous if we only use digital currency?

It is inevitable that we are going in to digital age, where the use of digital currency is unavoidable too, cards will play major role in payment systems. But that doesn't mean that paper money will disappear that fast. We must keep in mind that not all parts of the world are equal. There are still places where technology is already there, but they still prefer to use the traditional way.  Smiley
Changes will come as new system with come to aid a faster transaction online, some people who has a big interest with digital currency will used the latest and the most effective one. Bitcoin will be one of the most effective digital currency for online transaction as it can help the investors to earn as well. While the world is moving fast, we cannot sacrifice the need of other people to use paper money, more options are better of course, so they will be here to stay.
but i think still it is not a threat to paper money, i think for next 100 years people will be using fiat as their main currency, although they will be using bitcoin mostly for online matters and partially in local shops for shopping, paying utilities bills and for some other activities but still fiat will be dominant on bitcoin in real life and majority of people will  be still using bitcoin and may be because of lack of bitcoin introduction and some other reasons.
yes paper money is still safe and there is no danger to it, but i think the number of bitcoin are increasing day by day and my be it effect the use of fiat as people will give preference to bitcoin and therefore the use of fiat will decrease.

I'm sure until whenever paper money will continue to exist, this is due to the protection of the State. Paper money is one of the symbols of State, used en masse by the entire population of the country. In addition, the country has not been approved bitcoin so still need to be a long process.
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February 09, 2017, 11:17:07 AM

I think there will a come a time that we will consider digital currency as a means of payment. We already have countries using credit cards at almost everything but I guess paper money wouldn't disappear. It would still be best to have something tangable when it comes to payment. Wouldn't it also be much more dangerous if we only use digital currency?

It is inevitable that we are going in to digital age, where the use of digital currency is unavoidable too, cards will play major role in payment systems. But that doesn't mean that paper money will disappear that fast. We must keep in mind that not all parts of the world are equal. There are still places where technology is already there, but they still prefer to use the traditional way.  Smiley
Changes will come as new system with come to aid a faster transaction online, some people who has a big interest with digital currency will used the latest and the most effective one. Bitcoin will be one of the most effective digital currency for online transaction as it can help the investors to earn as well. While the world is moving fast, we cannot sacrifice the need of other people to use paper money, more options are better of course, so they will be here to stay.
but i think still it is not a threat to paper money, i think for next 100 years people will be using fiat as their main currency, although they will be using bitcoin mostly for online matters and partially in local shops for shopping, paying utilities bills and for some other activities but still fiat will be dominant on bitcoin in real life and majority of people will  be still using bitcoin and may be because of lack of bitcoin introduction and some other reasons.
yes paper money is still safe and there is no danger to it, but i think the number of bitcoin are increasing day by day and my be it effect the use of fiat as people will give preference to bitcoin and therefore the use of fiat will decrease.

I'm sure until whenever paper money will continue to exist, this is due to the protection of the State. Paper money is one of the symbols of State, used en masse by the entire population of the country. In addition, the country has not been approved bitcoin so still need to be a long process.

Protection of the state, main currency controlled by the biggest banks, used by almost all people one earth, paper money has pretty much everything going for it. It's the most secure currency today and it's been that eversince so i think if we talk about the future of paper money, we're talking about it's way beyond our generation

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February 09, 2017, 11:25:46 AM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.
I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin

The best way to protect against hackers is to become one so that you know how they do it. I spilt my Bitcoins into 3 different accounts so that hackers will not have a chance to steal all my balance

Whatever you do you should understand what you are doing

And if you do it right, you may not be required to split your coins into 3 different wallets or balances. Basically, there is nothing wrong with that, but you should always remember whether what you are doing actually serves the intended purpose. More specifically, splitting your stash of coins may in fact increase the chances of you losing some part of them, not decrease as you come to think

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February 09, 2017, 12:13:10 PM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.
I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin

The best way to protect against hackers is to become one so that you know how they do it. I spilt my Bitcoins into 3 different accounts so that hackers will not have a chance to steal all my balance

Whatever you do you should understand what you are doing

And if you do it right, you may not be required to split your coins into 3 different wallets or balances. Basically, there is nothing wrong with that, but you should always remember whether what you are doing actually serves the intended purpose. More specifically, splitting your stash of coins may in fact increase the chances of you losing some part of them, not decrease as you come to think

If the hackers can grab an idea to have a money, they will do it. If have this question on your mind, we still be on it too. Hackers can do a lot of things if they want it, they can hack your bitcoin address and put some money on their own, a lot of ideas and knowledge hackers can do. If bitcoin will have that kind of bug, they should update their programs.

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February 09, 2017, 03:31:49 PM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.
I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin

The best way to protect against hackers is to become one so that you know how they do it. I spilt my Bitcoins into 3 different accounts so that hackers will not have a chance to steal all my balance

Whatever you do you should understand what you are doing

And if you do it right, you may not be required to split your coins into 3 different wallets or balances. Basically, there is nothing wrong with that, but you should always remember whether what you are doing actually serves the intended purpose. More specifically, splitting your stash of coins may in fact increase the chances of you losing some part of them, not decrease as you come to think

If the hackers can grab an idea to have a money, they will do it. If have this question on your mind, we still be on it too. Hackers can do a lot of things if they want it, they can hack your bitcoin address and put some money on their own, a lot of ideas and knowledge hackers can do. If bitcoin will have that kind of bug, they should update their programs.
yes the possibilities of every thing are there and one can really hack your bitcoin wallet but i think there are different security level for making your wallet security more stronger.  i think one of the best way of keeping your bitcoin more safer is to create different online wallets and then distribute your bitcoin in it, os if the hacker even hack your bitcoin wallet the other will be safe.


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February 09, 2017, 08:28:59 PM

In the next five years, the abolition or abolition of paper money will be a global trend. Personally, I think, at least we should abolish the large denomination notes until all the paper money is abolished. Note the obvious defects, can not leave traces, dirty business, money laundering, cruel exploitation by money more convenient. If a bribe is to be transferred, it is finished. At present, there has been a country to abolish paper money, and several countries announced that it is studying the abolition of. .
Good luck with that, besides what are we going to do without higher note denominations when inflation strikes? In Venezuela people need to bring bricks of bills to pay for stuff if you want to use cash, cash will continue to exist simply because it is necessary.



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Rainbot
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February 09, 2017, 09:08:12 PM

I think there will a come a time that we will consider digital currency as a means of payment. We already have countries using credit cards at almost everything but I guess paper money wouldn't disappear. It would still be best to have something tangable when it comes to payment. Wouldn't it also be much more dangerous if we only use digital currency?

It is inevitable that we are going in to digital age, where the use of digital currency is unavoidable too, cards will play major role in payment systems. But that doesn't mean that paper money will disappear that fast. We must keep in mind that not all parts of the world are equal. There are still places where technology is already there, but they still prefer to use the traditional way.  Smiley
Changes will come as new system with come to aid a faster transaction online, some people who has a big interest with digital currency will used the latest and the most effective one. Bitcoin will be one of the most effective digital currency for online transaction as it can help the investors to earn as well. While the world is moving fast, we cannot sacrifice the need of other people to use paper money, more options are better of course, so they will be here to stay.
but i think still it is not a threat to paper money, i think for next 100 years people will be using fiat as their main currency, although they will be using bitcoin mostly for online matters and partially in local shops for shopping, paying utilities bills and for some other activities but still fiat will be dominant on bitcoin in real life and majority of people will  be still using bitcoin and may be because of lack of bitcoin introduction and some other reasons.
yes paper money is still safe and there is no danger to it, but i think the number of bitcoin are increasing day by day and my be it effect the use of fiat as people will give preference to bitcoin and therefore the use of fiat will decrease.

I'm sure until whenever paper money will continue to exist, this is due to the protection of the State. Paper money is one of the symbols of State, used en masse by the entire population of the country. In addition, the country has not been approved bitcoin so still need to be a long process.

Yes, you are right, the paper money under government protection. They are fully controlled by the authorities. A Bitcoin can not be controlled. That is why his government does not support. Therefore, the paper money will continue to exist long
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February 09, 2017, 09:40:20 PM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but  I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.

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February 09, 2017, 10:23:14 PM

As for me, then paper money do not bother me. Even as it is convenient and fun to use them. I would leave their work and cooperate with bitcoin.
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February 09, 2017, 10:42:06 PM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but  I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.
Paper money, we will still use it, as we would not want to return. The fact that this means the states and banks, as well as for the life of the common man is the paper money is a very important thing.
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February 09, 2017, 10:46:23 PM

As for me, then paper money do not bother me. Even as it is convenient and fun to use them. I would leave their work and cooperate with bitcoin.
although the paper money can still be used, but times have changed, all will be completely online and digital. so inevitably paper money will be replaced with something newer
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February 09, 2017, 10:54:59 PM

I personally pay more and will pay utility bills using real money. Even the salary I get it in hard cash and I think that this trend is still quite long.
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February 09, 2017, 11:13:53 PM

I dont know how long it will take, but sooner or later cash will disappear, maby not in 5 years but they will

I think you are right one day or another, paper money will disappear, but  I don't think this is going to be happening in five or ten years. This is going to be much longer than this timing. At the moment, even for buying bitcoin we need paper money. Maybe you use a credit card or a debit card, but there is a people in the world who has never used them in their whole lives.
Many experts life bitcoin emit very little time, and that the digital currency will be the leader among the currency or will the only available. But I was a little doubt it. Accessibility is also a big factor.
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February 09, 2017, 11:34:19 PM

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.
I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin

The best way to protect against hackers is to become one so that you know how they do it. I spilt my Bitcoins into 3 different accounts so that hackers will not have a chance to steal all my balance

Whatever you do you should understand what you are doing

And if you do it right, you may not be required to split your coins into 3 different wallets or balances. Basically, there is nothing wrong with that, but you should always remember whether what you are doing actually serves the intended purpose. More specifically, splitting your stash of coins may in fact increase the chances of you losing some part of them, not decrease as you come to think
As my grandmother that you can not keep all your eggs in one a basket, otherwise you can lose everything, under certain conditions. So I think that all this applies to the bitcoin. It is necessary to have multiple purses and then we can be calm.
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