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Author Topic: The future of the paper money  (Read 404074 times)
neonshium
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February 14, 2017, 11:33:51 AM

I can see paper money being replaced by a digital currency, but I think governments will just use their current currencies in digital form. We already transfer money digitally through credit cards, etc. Bitcoin can still exist and could even be used behind the scenes for money transfer.
The probability to be happen is big. If paper money is no longer used, then I am sure the government will create a currency that they can control. but I prefer to use a currency that can not be created at will, the currency that was obtained from the mine was better.
than your favorite currency must be bitcoin. because it cannot be controlled by anyone, in bitcoin you are your own boss and you can do whatever you want to do with your bitcoin. no one will ask you for any thing, any identity or any proof,. I think it will effect paper money in future,

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February 14, 2017, 11:39:34 AM

I can see paper money being replaced by a digital currency, but I think governments will just use their current currencies in digital form. We already transfer money digitally through credit cards, etc. Bitcoin can still exist and could even be used behind the scenes for money transfer.
The probability to be happen is big. If paper money is no longer used, then I am sure the government will create a currency that they can control. but I prefer to use a currency that can not be created at will, the currency that was obtained from the mine was better.
than your favorite currency must be bitcoin. because it cannot be controlled by anyone, in bitcoin you are your own boss and you can do whatever you want to do with your bitcoin. no one will ask you for any thing, any identity or any proof,. I think it will effect paper money in future,

Will surely effect bitcoin money because its value is more higher and there's lot of advantages in our fiat. Though as of now there were more need for developments of bitcoin but surely it will be a hit.

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February 14, 2017, 12:36:55 PM

I can see paper money being replaced by a digital currency, but I think governments will just use their current currencies in digital form. We already transfer money digitally through credit cards, etc. Bitcoin can still exist and could even be used behind the scenes for money transfer.
The probability to be happen is big. If paper money is no longer used, then I am sure the government will create a currency that they can control. but I prefer to use a currency that can not be created at will, the currency that was obtained from the mine was better.
than your favorite currency must be bitcoin. because it cannot be controlled by anyone, in bitcoin you are your own boss and you can do whatever you want to do with your bitcoin. no one will ask you for any thing, any identity or any proof,. I think it will effect paper money in future,
Well, that is one of the advantages of bitcoin but do not try to do illegal activities because you are gonna pay for it, don't think that the government is not watching us, we are just a small community and the government has all the resources to trace people who use bitcoin for illegal activities. In fact, they are making measures to trace money laundering transactions and exchanges will soon require us to submit our personal information.

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February 14, 2017, 01:23:59 PM

I can see paper money being replaced by a digital currency, but I think governments will just use their current currencies in digital form. We already transfer money digitally through credit cards, etc. Bitcoin can still exist and could even be used behind the scenes for money transfer.
The probability to be happen is big. If paper money is no longer used, then I am sure the government will create a currency that they can control. but I prefer to use a currency that can not be created at will, the currency that was obtained from the mine was better.
than your favorite currency must be bitcoin. because it cannot be controlled by anyone, in bitcoin you are your own boss and you can do whatever you want to do with your bitcoin. no one will ask you for any thing, any identity or any proof,. I think it will effect paper money in future,
But I must be a realistic person dude, my environment wasn't familiar with bitcoin. although the bitcoin is my favourite alternate currency but in my daily life fiat currency is still the number one.

But if the bitcoin will be familiar on my environment and i ready for that. All of the advantages has offered by bitcoin is really good.


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February 14, 2017, 02:57:20 PM

I can see paper money being replaced by a digital currency, but I think governments will just use their current currencies in digital form. We already transfer money digitally through credit cards, etc. Bitcoin can still exist and could even be used behind the scenes for money transfer.
I think even if paper money is replaced with something more sophisticated, such as digital money, but of course the government will have to replace it with their own product. I'm sure they will make digital currency products

Governments will try to implement their own `product` which they can control, that is reasonable assumption. Like it is now, like that will be in the future bitcoin is providing us with alternative, and that is what is important. Ether way I see the near end of the paper money, and that will happen in next 10 to 20 years, maybe even faster, and then we will see digital currencies war.

But I must be a realistic person dude, my environment wasn't familiar with bitcoin. although the bitcoin is my favourite alternate currency but in my daily life fiat currency is still the number one.

But if the bitcoin will be familiar on my environment and i ready for that. All of the advantages has offered by bitcoin is really good.

When governments start to implement this digital currency system, everyone will be forced to adopt to it. Many people didn`t wish to have mobile phones, credit cards, etc but now everyone have couple in their pockets, new era is coming. Bitcoin is alternative and cause of that bitcoin have potential to be global currency, without government control, maybe that can attract a lot of people in all world not just in one state with one currency. We can unite under the same flag, then governments can blow us. Freedom is the state of mind!

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February 14, 2017, 03:46:20 PM

It should be. It is more convenient for us and more people will be seeing it. We know that USD is very much accepted spevially in poor countries. If the two can be combined then a big change will happen for both bitcoin value and USD. Just have to be careful with the illegal transactions though.

For USD paper bills to be acceptable worldwide they need to be save from counterfeits (the "funny money") and exactly there digital signatures are reaching new frontiers
The US dollar is not accepted worldwide even now, and that makes sense since every country has their own economic needs, just look at the euro, and see the failure it is, some of the indebted countries need to print their currency to get out of their debts but they can稚 because they cannot print euros.



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February 14, 2017, 11:03:45 PM

First of all, you need not only to someone, but also themselves learn to tell the truth. We still continue to use real paper money in their daily life. And this will continue for a long time. At least it is very convenient for me.

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February 15, 2017, 04:59:59 AM

It should be. It is more convenient for us and more people will be seeing it. We know that USD is very much accepted spevially in poor countries. If the two can be combined then a big change will happen for both bitcoin value and USD. Just have to be careful with the illegal transactions though.

For USD paper bills to be acceptable worldwide they need to be save from counterfeits (the "funny money") and exactly there digital signatures are reaching new frontiers
The US dollar is not accepted worldwide even now, and that makes sense since every country has their own economic needs, just look at the euro, and see the failure it is, some of the indebted countries need to print their currency to get out of their debts but they can稚 because they cannot print euros.
Here I disagree with you. From the dollar depends almost the entire world economy. This currency bude supported by all participants in the market, including even the World Bank will do everything to resist the dollar. And the euro as a whole and the European Union was doomed because of the bureaucracy.
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February 15, 2017, 05:05:57 AM

First of all, you need not only to someone, but also themselves learn to tell the truth. We still continue to use real paper money in their daily life. And this will continue for a long time. At least it is very convenient for me.
Not only for you but most especially to those people who do not know how to operate online transaction, using bitcoin will require a person to be educated with the technology while paper money even the very poor person can easily use it. The world has a big popular and majority of that population belongs to poverty, I don't think the government would allow to eliminate paper money, they need to be serve as they are people as well.

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bitbunnni
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February 15, 2017, 06:12:45 AM

First of all, you need not only to someone, but also themselves learn to tell the truth. We still continue to use real paper money in their daily life. And this will continue for a long time. At least it is very convenient for me.
Not only for you but most especially to those people who do not know how to operate online transaction, using bitcoin will require a person to be educated with the technology while paper money even the very poor person can easily use it. The world has a big popular and majority of that population belongs to poverty, I don't think the government would allow to eliminate paper money, they need to be serve as they are people as well.
Totally agree with you. In drawing conclusions from this, we can say that paper money will always be. And the future they will be real, because most people will only use them.
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February 15, 2017, 02:08:31 PM

It should be. It is more convenient for us and more people will be seeing it. We know that USD is very much accepted spevially in poor countries. If the two can be combined then a big change will happen for both bitcoin value and USD. Just have to be careful with the illegal transactions though.

For USD paper bills to be acceptable worldwide they need to be save from counterfeits (the "funny money") and exactly there digital signatures are reaching new frontiers
The US dollar is not accepted worldwide even now, and that makes sense since every country has their own economic needs, just look at the euro, and see the failure it is, some of the indebted countries need to print their currency to get out of their debts but they can’t because they cannot print euros.
Here I disagree with you. From the dollar depends almost the entire world economy. This currency bude supported by all participants in the market, including even the World Bank will do everything to resist the dollar. And the euro as a whole and the European Union was doomed because of the bureaucracy

Here I should disagree with you too

Basically, dollar is only a tool, and the entire world economy cannot depend on it since it can be easily substituted with something else (e.g. gold for final settlement of accounts between countries) if required. Further, you could theoretically say that the world trade comes to depend on the US dollar but only as long as it doesn't lose purchasing power due to massive devaluation by the US government. If that should happen, it will be just as easily substituted with another means of payment

AUDREY23
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February 15, 2017, 04:01:31 PM

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government

DrPepperJC
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February 15, 2017, 05:57:40 PM

Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.
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February 15, 2017, 06:41:58 PM

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
Given that my parents and even older generation do not know how to even use credit cards, for them the only way to paper money will pay for their purchases. And for bitcoin even speech can not go.
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February 16, 2017, 06:43:33 AM

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
Given that my parents and even older generation do not know how to even use credit cards, for them the only way to paper money will pay for their purchases. And for bitcoin even speech can not go.

Which tells us that in the future, it is more likely than not, people would still be using paper money even in a digital age. Bitcoin and other digital currencies may be widely accepted and used by that time but i think in general, purchases and transactions would still be through fiat or there would be an option for people on what is dasier for them. But definitely paper money is here to stay

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February 16, 2017, 12:15:27 PM

Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.

So what if it is national currency? What we really focus on is the future of paper money? How about if in the next few years this will change? And there is no more fiat?
All is about transaction using blockchain? This is the real point of the future paper money. It does not matter if we are being decieved by governmeny, as long as our wallet is safe I dont think that it will a big problem
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February 16, 2017, 09:21:42 PM

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
but why is the government taking such decision, because they feel that now  people interest is no there in fiat currency therefore they must be start thinking about egital currency. but still not a single government has announced any digital currency.

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February 16, 2017, 10:05:27 PM

50 years ago currencies such as dollar were the same as it is today, if you worked 8 hours a day and could buy a house after 1 year you can now work 8 hours a day and buy a house after one year but since there are many new things that people need or want and they are growing in numbers as new technologies come to light it is often more difficult than before to have enough money.
50 years ago your kids didn't want ipad, iphone, tablet, then you only needed to buy them a atari and that was it.
While our technological progress has been incredible, if we compare an Atari vs any video games console of today, that does not mean an Atari was cheap back in the day, it was the latest technology, and no matter the era that is expensive.



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Rainbot
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agamasrori
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February 16, 2017, 10:21:41 PM

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
but why is the government taking such decision, because they feel that now  people interest is no there in fiat currency therefore they must be start thinking about egital currency. but still not a single government has announced any digital currency.
although my country has not regulates bitcoin but the government and my country bank announced that they would make their own digital money. I think they target the online transactions that number continues to grow. Probably they can control their digital money , and maybe this currency will replace paper money. but I prefer bitcoin for full control in my hand.


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Viscore
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February 17, 2017, 08:43:53 AM

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government
but why is the government taking such decision, because they feel that now  people interest is no there in fiat currency therefore they must be start thinking about egital currency. but still not a single government has announced any digital currency.
although my country has not regulates bitcoin but the government and my country bank announced that they would make their own digital money. I think they target the online transactions that number continues to grow. Probably they can control their digital money , and maybe this currency will replace paper money. but I prefer bitcoin for full control in my hand.
The government had already thought of digital currency, however they cannot duplicate bitcoin to attract more people to use or particular attract the bitcoin users to use there service and quit bitcoin. Even how good their system is, they cannot erase the fact that with government is still in control, it will always mean centralization which is the complete opposite of bitcoin.

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