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Author Topic: The future of the paper money  (Read 403610 times)
South Park
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February 16, 2017, 10:05:27 PM
 #2941

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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February 16, 2017, 10:21:41 PM
 #2942

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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February 17, 2017, 08:43:53 AM
 #2943

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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February 17, 2017, 03:33:07 PM
 #2944

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.
The time is changed, paper money too many weakness, and easier to inflation and the government is very difficult to controlling. Better is digital money. I agree paper money will survive anytime, but for small and cash transaction only.
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February 17, 2017, 03:45:44 PM
 #2945

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.
The older person such as my grandpa and grandma are unfamiliar with the technology and they're just know about using the fiat currency for fill the daily needs. But too difficult for give an explanation about the technology for them.



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February 17, 2017, 04:07:19 PM
 #2946

I do not agree with the gloomy future of paper money which you wanted to tell. Paper money is the backbone of today's economy and accepted in every corner of the world. On the other hand, a majority of people didn't hear about bitcoin yet. Only a minor percentage of human population heard about bitcoin and even lesser number of people are using that. So I don't see bitcoin as a threat to the paper money in any way.

Paper money is so deeply rooted to the society, it is nearly impossible to uproot that also paper money is being supported by the government. So the future of paper money is still as shinning as ever. Bitcoin is not threat or it doesn't have the power to be a threat to the paper money.

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February 17, 2017, 06:24:03 PM
 #2947

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.
The time is changed, paper money too many weakness, and easier to inflation and the government is very difficult to controlling. Better is digital money. I agree paper money will survive anytime, but for small and cash transaction only.
yes it is very much possible that if the number of bitcoin users will increase and when people will start using bitcoin as currency in their local shops then it will really effect fiat. only those people who do not know about the use of bitcoin will be using fiat other wise all the new generation will give preference to bitcoin.

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February 17, 2017, 08:24:40 PM
 #2948

Banks are introducing digital services, and they are the ones that will and has already started the era digital offering those kind of services. Almost all people has one or more phones, and are conected atleast 1-5 hours daily, paper money is something that should be replaced to digital currencies, in the next 30-50 years i believe it will happen.

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February 17, 2017, 08:26:31 PM
 #2949

Digital currency is the future many countries tried to reduced the use of paper money.

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February 17, 2017, 10:37:58 PM
 #2950

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.
The time is changed, paper money too many weakness, and easier to inflation and the government is very difficult to controlling. Better is digital money. I agree paper money will survive anytime, but for small and cash transaction only.
Paper money can be used for big purchases too, but the governments of the world don't like it since they cannot track cash, that is why you see that in many countries you cannot buy a house or a car with cash you need to use a check or to transfer money between banks accounts and that is mostly done to know how much money you have and what use you are giving to it.



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February 17, 2017, 10:48:13 PM
 #2951

Digital currency is the future many countries tried to reduced the use of paper money.
Currently we have no chance of this digital currency to be applied in any country because this need too much work and have some serious problems also its can be but still long way to go for this even in developed countries

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February 17, 2017, 11:12:45 PM
 #2952

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.
but the government would undertake reforms towards something that is outdated and rarely used, for the time being paper money is still survive. but I'm sure someday will surely replaced with something sophisticated

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February 17, 2017, 11:41:38 PM
 #2953

Paper money might still exist in the future since it has long been trusted by many to be used. There is also a possibility that fiat currencies in the future are in the form of crypto-currency, digital currencies that will be backed by government and not bitcoin since they like their currency to be controllable by them, the government. There is a chance that bitcoin is still alive at that time but it will just be another payment method online.

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February 18, 2017, 01:05:45 AM
 #2954

Paper money might still exist in the future since it has long been trusted by many to be used. There is also a possibility that fiat currencies in the future are in the form of crypto-currency, digital currencies that will be backed by government and not bitcoin since they like their currency to be controllable by them, the government. There is a chance that bitcoin is still alive at that time but it will just be another payment method online.
There is no "might exist" because it will really exist until the future. The government will have anymore ideas on what is a better currency than what they have now. Also Fiat now has a form in cryptocurrency, this is what banks does. Converting your money into debit, you can even make it a credit account. No one will ever try to form a fiat currency into a Virtual money currency because it will be useless.

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February 18, 2017, 06:22:17 AM
 #2955

Paper money might still exist in the future since it has long been trusted by many to be used. There is also a possibility that fiat currencies in the future are in the form of crypto-currency, digital currencies that will be backed by government and not bitcoin since they like their currency to be controllable by them, the government. There is a chance that bitcoin is still alive at that time but it will just be another payment method online.
yes most of the people will be using fiat. in fact they may have no access to bitcoin or they may do not know about bitcoin therefore they will be using fiat for a long time, i think those people who are using bitcoin will also be using fiat. because most of them are using bitcoin as optional. because still they do not have facilities to use bitcoin in their local shops.
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February 18, 2017, 08:43:08 AM
 #2956

Digital currency is the future many countries tried to reduced the use of paper money.
Currently we have no chance of this digital currency to be applied in any country because this need too much work and have some serious problems also its can be but still long way to go for this even in developed countries

Yes it needs too much work but government always wanted to catch tax evaders who don't pay their taxes that's why some countries try to ban big currency notes which is main source of black money. Paper money will be available in future too but for small amounts.

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February 18, 2017, 12:04:46 PM
 #2957

The future of the paper money is going to an end. IN this digital world many of the countries started to use digital currency so they reduce the use of paper currency. Still there is a problem in using digital currency, most of the people from the third world countries do not know about the technical growth . They are relay on paper currency.   

OrangeII
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February 18, 2017, 05:25:47 PM
 #2958

My country, paper money has always been the money that is often in the search. I think it is a very simple form for now. moreover, the development of technology in the city is so slow. but I believe, little by little, will switch to the digital age and leave the paper money.



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February 18, 2017, 05:36:06 PM
 #2959

Without some sort of physical form of value/money that can be exchanged privately among individuals outside of the control of banks and governments humanities express track to absolute enslavement is guaranteed. 

Digital currency such as BTC is nice as long as the internet is still "somewhat" free.  But we are quickly approaching the end of probation for BTC and our little crypto experiment as the world govt and banks roll out their own version of blockchain and approved "money" and declare anything outside of their approved "money" illegal. 

The direction the internet is heading routes everything through govt/bank systems and filters.  Tiered access to the internet with only approved sites on specific approved tiers of the internet are quickly approaching. 

Of course the angle is your personal safety... We have to stop the money laundering, child porn, sex slaves, drug trafficking.... Of course all approved activities of the CIA and the money elite... but pay no attention to the "man" behind the curtain.

You want to ensure absolute slavery, take away people's money that is outside the control of the monsters.   

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February 18, 2017, 05:44:55 PM
 #2960

I do not agree with the gloomy future of paper money which you wanted to tell. Paper money is the backbone of today's economy and accepted in every corner of the world. On the other hand, a majority of people didn't hear about bitcoin yet. Only a minor percentage of human population heard about bitcoin and even lesser number of people are using that. So I don't see bitcoin as a threat to the paper money in any way.

Paper money is so deeply rooted to the society, it is nearly impossible to uproot that also paper money is being supported by the government. So the future of paper money is still as shinning as ever. Bitcoin is not threat or it doesn't have the power to be a threat to the paper money.
Paper money will keep on existing that is correct but make no mistake the banks and the state are not happy with cash, because they cannot track it, many illegal business are made with cash and tax evaders can use cash to avoid being detected in their financial operations.



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