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Author Topic: The future of the paper money  (Read 414585 times)
Gilf
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February 25, 2017, 07:09:44 AM
 #2961

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.

There have been ways now to track that.
They are more afraid with the bitcoin technology because it is sure to give them problems about monitoring it.
They will be blind as what is happening now. Illegal transactions such as weapons are being done even this time and they would not known.
Why they hate it? Because they are not the one who is getting the profit.
My main income and my family is still in the Fiat, and we always use paper money. And I'm not the only one. Many will be very sorry if this change.
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February 25, 2017, 07:57:41 AM
 #2962

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency

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February 25, 2017, 07:59:13 AM
 #2963

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.
And I think very differently, because paper money is easier to control than the bitcoin. Although, if the state will pursue bitcoin, then he will lose the existing committers.
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February 25, 2017, 08:57:32 AM
 #2964

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
No big difference. Any physical object that will replace the money will bring the same problems. In the digital money is not for the problem. Paper money will be a very long time.
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February 25, 2017, 09:08:01 AM
 #2965

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital

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February 25, 2017, 09:22:40 AM
 #2966

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
No big difference. Any physical object that will replace the money will bring the same problems. In the digital money is not for the problem. Paper money will be a very long time.

One major problem with digital money is that the government can just add more funds on their wallet whenever they want. They own all of those money, then of course they can do whatever they want. It's basically the same thing as what they do with paper money. The only difference is that it's much easier to do in digital money. They only have to add some numbers, then Voila! instant billions worth of your fiat. The value of your fiat will decrease accordingly as well.

That is why digital money should have a limit on its supply just like what we have in bitcoins or any other altcoins. Any currency that can increase in number anytime the government wanted to do so will keep devaluating because the government would want more and more money so they would print/add more quantity in their fiat money.
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February 25, 2017, 09:38:54 AM
 #2967

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.
You understand that digital money there until the system is working, there is an Internet and electricity. If you remove these factors, it is clear that the paper money is more stable than digital.
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February 25, 2017, 09:39:17 AM
 #2968

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.
You understand that digital money there until the system is working, there is an Internet and electricity. If you remove these factors, it is clear that the paper money is more stable than digital.
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February 25, 2017, 09:47:08 AM
 #2969

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.
You understand that digital money there until the system is working, there is an Internet and electricity. If you remove these factors, it is clear that the paper money is more stable than digital.
so what if we remove paper out of this world? What would you use for money?  The world is changing and you have to accept that truth that paper money can not supply all of our demands. We have to evolve and use new technology in order to become stronger and smarter. That is the purpose of being a human


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February 25, 2017, 10:39:24 AM
 #2970

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.
You understand that digital money there until the system is working, there is an Internet and electricity. If you remove these factors, it is clear that the paper money is more stable than digital.
so what if we remove paper out of this world? What would you use for money?  The world is changing and you have to accept that truth that paper money can not supply all of our demands. We have to evolve and use new technology in order to become stronger and smarter. That is the purpose of being a human
Probably when it comes to the supply both can exist but it's not the only factor that must be considered in this world, it is more important on how people would accept such changes or just stick to the old one for their own benefits. Some people wants a very fast and easy transaction because it's already a big part of their activities in life do do business as normal but there are people also who do not need to do such and they can still survive in this world. What I'm trying to say is both should co-exist to fill up different demands.



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Malsetid
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February 25, 2017, 02:59:31 PM
 #2971

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital

Well i think the future of paper money is it will still be in our future. I agree that technology right niw is in a very fast pace but think about it, there are still a lot of countries that can't catch up with how fast technology is. Digital currency may become one of the top currencies that world will use in the future but i don't think paper moneybwould be obsolete in any way because a lot of people will still have a need for it's use
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February 25, 2017, 03:03:24 PM
 #2972

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital

Well i think the future of paper money is it will still be in our future. I agree that technology right niw is in a very fast pace but think about it, there are still a lot of countries that can't catch up with how fast technology is. Digital currency may become one of the top currencies that world will use in the future but i don't think paper moneybwould be obsolete in any way because a lot of people will still have a need for it's use
10 or even 20 years later, we still have to depend on paper money. We can not deny its benefit and it is easy to understand and use in many place. Moreover, many countries, such as Africa or some in Asia, are poor. The majority of the people in those countries do not have a chance to communicate with technology, to interact with new inventions. Therefore, Bitcoin and cryptocurrency can not replace fiat in this century.



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February 25, 2017, 07:22:10 PM
 #2973

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
No big difference. Any physical object that will replace the money will bring the same problems. In the digital money is not for the problem. Paper money will be a very long time.

One major problem with digital money is that the government can just add more funds on their wallet whenever they want. They own all of those money, then of course they can do whatever they want. It's basically the same thing as what they do with paper money. The only difference is that it's much easier to do in digital money. They only have to add some numbers, then Voila! instant billions worth of your fiat. The value of your fiat will decrease accordingly as well

You are just spreading yourself on purely speculative basis

Even in the case of digital money it is not so simple to add more funds (money) to the economy. Japan has been trying to do just that since the late 1980s (when they entered what is called a deflationary spiral), and it doesn't work as intended. You can't just create some digits in the server room of a central bank since you still have to push all this new money into economy somehow. In other words, there should be a working mechanism to make this money enter the economy properly. Today, the primary channel for injecting new money is through commercial banks giving out loans. But if no one is borrowing, how are you going to make this fresh money work?

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February 25, 2017, 11:59:50 PM
 #2974

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital

Well i think the future of paper money is it will still be in our future. I agree that technology right niw is in a very fast pace but think about it, there are still a lot of countries that can't catch up with how fast technology is. Digital currency may become one of the top currencies that world will use in the future but i don't think paper moneybwould be obsolete in any way because a lot of people will still have a need for it's use
yes the use of technology is increasing from time to time and now i can expect that bitcoin is the future of money and hope that very soon the majority of the people will be using bitcoin for buying and selling in their local shops.



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deppil
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February 26, 2017, 12:19:45 AM
 #2975

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital

Well i think the future of paper money is it will still be in our future. I agree that technology right niw is in a very fast pace but think about it, there are still a lot of countries that can't catch up with how fast technology is. Digital currency may become one of the top currencies that world will use in the future but i don't think paper moneybwould be obsolete in any way because a lot of people will still have a need for it's use
10 or even 20 years later, we still have to depend on paper money. We can not deny its benefit and it is easy to understand and use in many place. Moreover, many countries, such as Africa or some in Asia, are poor. The majority of the people in those countries do not have a chance to communicate with technology, to interact with new inventions. Therefore, Bitcoin and cryptocurrency can not replace fiat in this century.
for 10-20 years in the future I'm sure there are people or some people use paper money. digitial currency developments also took a long time to correct use by everyone in the world

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Fadsiman
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February 26, 2017, 03:51:34 PM
 #2976

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital

Well i think the future of paper money is it will still be in our future. I agree that technology right niw is in a very fast pace but think about it, there are still a lot of countries that can't catch up with how fast technology is. Digital currency may become one of the top currencies that world will use in the future but i don't think paper moneybwould be obsolete in any way because a lot of people will still have a need for it's use
10 or even 20 years later, we still have to depend on paper money. We can not deny its benefit and it is easy to understand and use in many place. Moreover, many countries, such as Africa or some in Asia, are poor. The majority of the people in those countries do not have a chance to communicate with technology, to interact with new inventions. Therefore, Bitcoin and cryptocurrency can not replace fiat in this century.
for 10-20 years in the future I'm sure there are people or some people use paper money. digitial currency developments also took a long time to correct use by everyone in the world

If the bitcoin is easy to use, more people will use it.
bitbob82
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February 26, 2017, 08:14:31 PM
 #2977

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital

Well i think the future of paper money is it will still be in our future. I agree that technology right niw is in a very fast pace but think about it, there are still a lot of countries that can't catch up with how fast technology is. Digital currency may become one of the top currencies that world will use in the future but i don't think paper moneybwould be obsolete in any way because a lot of people will still have a need for it's use
10 or even 20 years later, we still have to depend on paper money. We can not deny its benefit and it is easy to understand and use in many place. Moreover, many countries, such as Africa or some in Asia, are poor. The majority of the people in those countries do not have a chance to communicate with technology, to interact with new inventions. Therefore, Bitcoin and cryptocurrency can not replace fiat in this century.
i think even after 20 years we will still be depending on paper money, paper money will exist tell the time when all the people of the world will start using bitcoin not only online but in local shops only and when hey will become able to purchase everything using bitcoin.
coinplus
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February 27, 2017, 03:51:17 PM
 #2978

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital

Well i think the future of paper money is it will still be in our future. I agree that technology right niw is in a very fast pace but think about it, there are still a lot of countries that can't catch up with how fast technology is. Digital currency may become one of the top currencies that world will use in the future but i don't think paper moneybwould be obsolete in any way because a lot of people will still have a need for it's use
10 or even 20 years later, we still have to depend on paper money. We can not deny its benefit and it is easy to understand and use in many place. Moreover, many countries, such as Africa or some in Asia, are poor. The majority of the people in those countries do not have a chance to communicate with technology, to interact with new inventions. Therefore, Bitcoin and cryptocurrency can not replace fiat in this century.
That might not be entirely true, the majority of the third world countries have already internet access and there are many programs that are trying to improve the quality of life and bring the new technologies to everyone.

Addition to that,  we are talking about 10 years 20 years a lot can happen in that time plus using cryptocurrencies in the future should be an option of payment for those who can just like credit cards not everyone uses it.
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February 27, 2017, 04:05:52 PM
 #2979

think about paper money, I think it will still always be used. remember this is very much an update of paper money, I think it will still be used as legal tender in the future. it is also the easiest form to use as money.

carlerha
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February 27, 2017, 05:56:55 PM
 #2980

In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital

Well i think the future of paper money is it will still be in our future. I agree that technology right niw is in a very fast pace but think about it, there are still a lot of countries that can't catch up with how fast technology is. Digital currency may become one of the top currencies that world will use in the future but i don't think paper moneybwould be obsolete in any way because a lot of people will still have a need for it's use
yes the use of technology is increasing from time to time and now i can expect that bitcoin is the future of money and hope that very soon the majority of the people will be using bitcoin for buying and selling in their local shops.
yes there is no doubt that bitcoin is the future money money, because the use of bitcoin is increasing continuously and more and more people are entering in the world of bitcoin, and specially for online purpose people have already changed their option to bitcoin.
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