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Author Topic: The future of the paper money  (Read 404019 times)
dmamigo
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February 10, 2017, 10:28:47 AM
 #2881

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.
but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left

Companies do pay electronically, but small scale industries have to use paper money. Paper money is decreasing, but it can't go right away. In rural areas, it is tough to remove paper money. Paying electronically can curb corruption and black money, but it is tough to happen. Society can't be cashless(Paper Money).

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February 10, 2017, 05:34:11 PM
 #2882

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.
That is right, people are still living in the stone age, some of people are still not familiar with the internet and they don’t know what bitcoin is, or even PayPal or other online payment method.

So, until the whole world start using online money the paper money is still going to be there and governments are still going to print them. But the big question would be how much percentage of people will be using it.

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February 10, 2017, 06:28:34 PM
 #2883

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 will last a lot more than that, I know people that don’t even know how to send and email or to remember a short password so, the banking system and unfortunately the bitcoin world are way beyond what they can grasp in their minds.



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February 10, 2017, 06:45:28 PM
 #2884

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 will last a lot more than that, I know people that don’t even know how to send and email or to remember a short password so, the banking system and unfortunately the bitcoin world are way beyond what they can grasp in their minds.

I don´t think so, paper money will be replaced by plastic cards (visa, mastercard, debit card), in europe many countries already have a maximum amount you are allowed to pay with paper. No paper brings several advantages to those who are in charge to decide this (easy control, "print money" would mean press a button, decreasing of not taxing your work,...)

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February 10, 2017, 06:58:31 PM
 #2885

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 will last a lot more than that, I know people that don’t even know how to send and email or to remember a short password so, the banking system and unfortunately the bitcoin world are way beyond what they can grasp in their minds.
for the current or the past few decades to see people not too smart about technology. I think the paper money will survive long time enough. of course the condition of the human itself.



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February 10, 2017, 09:38:38 PM
 #2886

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.
but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left
i think these companies may do not know about bitcoin. because bitcoin is too good as if we compare to paypal. i think the service of papal is also not available everywhere. while the service of bitcoin is available every were . the fees of bitcoin is also very low as compare to the transaction fee of bitcoin.

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February 11, 2017, 09:59:07 AM
 #2887

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.
but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left
i think these companies may do not know about bitcoin. because bitcoin is too good as if we compare to paypal. i think the service of papal is also not available everywhere. while the service of bitcoin is available every were . the fees of bitcoin is also very low as compare to the transaction fee of bitcoin.
Just imagine that you are an ordinary, average worker at a company, and not a bitcoin user on this forum Smiley
If your company offers you tomorrow, that you can get your salary in bitcoin, or you can get it in real money, would you choose bitcoin?
Imagine, that you know bitcoin, or you have heard about it before, so you know both options. (Most of average workers don't)
Are there enough shops, pump stations, etc. to be able to live your everyday life with bitcoin in your wallet?
This is where we need to improve. Or, to improve the existing bitcoin funded debit cards, because this can help people use bitcoin in shops where they can use their normal VISA or other card. And in this case the shop won't notice that you have payed with a bitcoin card or with a normal VISA card.



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February 11, 2017, 10:11:58 AM
 #2888

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.
but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left
i think these companies may do not know about bitcoin. because bitcoin is too good as if we compare to paypal. i think the service of papal is also not available everywhere. while the service of bitcoin is available every were . the fees of bitcoin is also very low as compare to the transaction fee of bitcoin.

Everything is getting digital now and people also prefer to go for cashless world as no one wants to carry hard cash in their wallet but the fact is people prefer to use debit/credit cards for making purchases as they are not aware about bitcoins yet but in future when they will know about bitcoin I am sure they will start using bitcoins too.



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February 11, 2017, 10:25:29 AM
 #2889

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.
but in my country today most companies are already using payroll systems with the help of banks. not the cash anymore. so all expenses can be monitored. This is a sign that paper money has started at left
i think these companies may do not know about bitcoin. because bitcoin is too good as if we compare to paypal. i think the service of papal is also not available everywhere. while the service of bitcoin is available every were . the fees of bitcoin is also very low as compare to the transaction fee of bitcoin.

Everything is getting digital now and people also prefer to go for cashless world as no one wants to carry hard cash in their wallet but the fact is people prefer to use debit/credit cards for making purchases as they are not aware about bitcoins yet but in future when they will know about bitcoin I am sure they will start using bitcoins too.
There is a few count of people who are starting to use bitcoin as their payment system or secondary currency because they already know the advantages of bitcoin and that is why most of the people in the world are not using bitcoin because 'they don't know what are the advantages'. If we or the major bitcoin supporters will explain and promote bitcoin, it will help the people and also the investors because the price will be high. Bigger amount of users/buyers  = more expensive price.

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February 11, 2017, 12:47:55 PM
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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
Indeed, this is already happening. nowadays most of first world people only use online sources of payments. they do all their shoppings, top ups, and pay bills with online bankings.. the paper money can be replaced but the currency it self will exist. like paper dollars can be vanished but 'dollar" it self will remain and will become digital.

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February 11, 2017, 01:01:57 PM
 #2891

Just imagine that you are an ordinary, average worker at a company, and not a bitcoin user on this forum Smiley
If your company offers you tomorrow, that you can get your salary in bitcoin, or you can get it in real money, would you choose bitcoin?

Possibly. You don't have to answer the company's offer right away as they sure are aware that not all people are aware about bitcoin. After searching what bitcoin is, you might get interested. Bitcoin is nothing but a currency (although most people treat it as an investment). The only difference is that bitcoin has more chances of having a higher value than what it was.

Imagine how much more your salary can get when the price of bitcoin has increased.


Are there enough shops, pump stations, etc. to be able to live your everyday life with bitcoin in your wallet?

We're not there yet but we will be eventually. You always have to convert your bitcoins to fiat first as bitcoin isn't mainstream yet.
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February 11, 2017, 01:27:23 PM
 #2892

Just imagine that you are an ordinary, average worker at a company, and not a bitcoin user on this forum Smiley
If your company offers you tomorrow, that you can get your salary in bitcoin, or you can get it in real money, would you choose bitcoin?

Possibly. You don't have to answer the company's offer right away as they sure are aware that not all people are aware about bitcoin. After searching what bitcoin is, you might get interested. Bitcoin is nothing but a currency (although most people treat it as an investment). The only difference is that bitcoin has more chances of having a higher value than what it was.

Imagine how much more your salary can get when the price of bitcoin has increased.


Are there enough shops, pump stations, etc. to be able to live your everyday life with bitcoin in your wallet?

We're not there yet but we will be eventually. You always have to convert your bitcoins to fiat first as bitcoin isn't mainstream yet.

Well if it were up to me i think i'd rather have it fiat. This is considering that i haven't heard of btc yet before i was offered the choice. Of course my trust in btc would be after i'ves used it so i don't think that even after researching about btc i'd agree to get my salary through it.

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February 11, 2017, 02:02:39 PM
 #2893

Just imagine that you are an ordinary, average worker at a company, and not a bitcoin user on this forum Smiley
If your company offers you tomorrow, that you can get your salary in bitcoin, or you can get it in real money, would you choose bitcoin?

Possibly. You don't have to answer the company's offer right away as they sure are aware that not all people are aware about bitcoin. After searching what bitcoin is, you might get interested. Bitcoin is nothing but a currency (although most people treat it as an investment). The only difference is that bitcoin has more chances of having a higher value than what it was.

Imagine how much more your salary can get when the price of bitcoin has increased.


Are there enough shops, pump stations, etc. to be able to live your everyday life with bitcoin in your wallet?

We're not there yet but we will be eventually. You always have to convert your bitcoins to fiat first as bitcoin isn't mainstream yet.

I think bitcoin debit card is the answer to your question as it can be used for shopping anywhere like other debit or credit cards and in that case you don't need to convert it to fiat currency to spend your bitcoins as I am easily using bitcoin debit card for online as well as offline shopping without paying any fees.
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February 11, 2017, 02:03:06 PM
 #2894


Imagine how much more your salary can get when the price of bitcoin has increased.
Good point Smiley

Are there enough shops, pump stations, etc. to be able to live your everyday life with bitcoin in your wallet?

We're not there yet but we will be eventually. You always have to convert your bitcoins to fiat first as bitcoin isn't mainstream yet.
This is why I wrote that you don't need to convert your bitcoins (on exchanges, or etc) for the everyday spendings if you have a debit card connected directly to your wallet (like Xapo and others).

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February 11, 2017, 02:12:42 PM
 #2895

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.

Even credit card and debit card points to the paper money and it is just a way to spend receive paper money. Paper money has been for ages and it is used in the smallest village or town where there is no technology. Getting rid so such a thing and replacing it with a hifi technology like bitcoin is not easy and i will take at least 50 years or maybe more.

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February 11, 2017, 03:59:52 PM
 #2896

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.

Even credit card and debit card points to the paper money and it is just a way to spend receive paper money. Paper money has been for ages and it is used in the smallest village or town where there is no technology. Getting rid so such a thing and replacing it with a hifi technology like bitcoin is not easy and i will take at least 50 years or maybe more.

Yes, I also think that cryptocurrency in the coming years will not be able to replace paper money. But cryptocurrency can be a good alternative. It seems to me that in a few years the dollar and Bitcoin will be used together
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February 11, 2017, 09:14:58 PM
 #2897

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 will last a lot more than that, I know people that don’t even know how to send and email or to remember a short password so, the banking system and unfortunately the bitcoin world are way beyond what they can grasp in their minds.

I don´t think so, paper money will be replaced by plastic cards (visa, mastercard, debit card), in europe many countries already have a maximum amount you are allowed to pay with paper. No paper brings several advantages to those who are in charge to decide this (easy control, "print money" would mean press a button, decreasing of not taxing your work,...)
Most money already exist only in electronic form as numbers on the screen on a bank or a record in paper, so we don’t need to eliminate paper money for that to happen since it is estimated than more than 90% of the money in the world is in this form.



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February 11, 2017, 09:48:28 PM
 #2898

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.

Even credit card and debit card points to the paper money and it is just a way to spend receive paper money. Paper money has been for ages and it is used in the smallest village or town where there is no technology. Getting rid so such a thing and replacing it with a hifi technology like bitcoin is not easy and i will take at least 50 years or maybe more.
It certainly will not be a process of a few years, as some people think, but there are different reasons that can lead people to adopt the currency at a faster rate. As you said yourself, credit and debit cards are a way to spend fiat currency, and the simple fact that such services depend on a physical currency already brings higher costs compared to using Bitcoin.
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February 11, 2017, 10:44:21 PM
 #2899

Just imagine that you are an ordinary, average worker at a company, and not a bitcoin user on this forum Smiley
If your company offers you tomorrow, that you can get your salary in bitcoin, or you can get it in real money, would you choose bitcoin?

Possibly. You don't have to answer the company's offer right away as they sure are aware that not all people are aware about bitcoin. After searching what bitcoin is, you might get interested. Bitcoin is nothing but a currency (although most people treat it as an investment). The only difference is that bitcoin has more chances of having a higher value than what it was.

Imagine how much more your salary can get when the price of bitcoin has increased.


Are there enough shops, pump stations, etc. to be able to live your everyday life with bitcoin in your wallet?

We're not there yet but we will be eventually. You always have to convert your bitcoins to fiat first as bitcoin isn't mainstream yet.
yes currently people do not have the facilities in most area. but it also depend on bitcoin users. where the number of bitcoin users are more there they have the facilities.

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A Decentralized Crypto Marketplace
____ for Localized Shopping ____
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February 12, 2017, 04:01:31 AM
 #2900

Just imagine that you are an ordinary, average worker at a company, and not a bitcoin user on this forum Smiley
If your company offers you tomorrow, that you can get your salary in bitcoin, or you can get it in real money, would you choose bitcoin?

Possibly. You don't have to answer the company's offer right away as they sure are aware that not all people are aware about bitcoin. After searching what bitcoin is, you might get interested. Bitcoin is nothing but a currency (although most people treat it as an investment). The only difference is that bitcoin has more chances of having a higher value than what it was.

Imagine how much more your salary can get when the price of bitcoin has increased.


Are there enough shops, pump stations, etc. to be able to live your everyday life with bitcoin in your wallet?

We're not there yet but we will be eventually. You always have to convert your bitcoins to fiat first as bitcoin isn't mainstream yet.
yes currently people do not have the facilities in most area. but it also depend on bitcoin users. where the number of bitcoin users are more there they have the facilities.

yes they will not invest if they only know that they will lose. so the investors only invest facilities to those places or areas where they are huge amount of users of bitcoin. they will invest in there so that they can earn from the volume of users of bitcoin. investors dont want to risk their money in investing not sure profit.

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