The future of the paper money

[dimonchik13]

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.

[dimonchik13]

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.

[ged00u]

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

[mirakal]

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.

[Malsetid]

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

[soul-impact]

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.

[deisik]

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?

[grandy]

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.

[deppil]

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

[Fadsiman]

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]

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]

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.

[Dr.Osh]

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]

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.

[Bitcoinsummoner]

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.

No for me it will not a future money but we can use it as alternative payment method online.. and to use for buying products and services online..  instead of replacing any other money the use of bitcoin is good onliy for online alternatives like vcc that you can shop online using bitcoin..

[BitDane]

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.

I doubt that Bitcoin is the future of money, remember it needs to be adopted by the government and use it as a main currency or recognized as main currency by majority of the nation in the world, and I doubt that will happen.  I believe that the technology of Bitcoin will be used and will kill paper money eventually.

[OrangeII]

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.

I doubt that Bitcoin is the future of money, remember it needs to be adopted by the government and use it as a main currency or recognized as main currency by majority of the nation in the world, and I doubt that will happen.  I believe that the technology of Bitcoin will be used and will kill paper money eventually.

Well, maybe one day it will happen. but, I think, to see the benefits bitcoin to increase illegal transaction will make the government rethink to make bitcoin currency became legal to use. perhaps, very easy to track transactions with paper money if it is done online, but it will be very difficult to track shipments bitcoin happens anonymously. but, I believe, one day bitcoin will make paper money disappear.

[vrm86]

Simple solutions are most effective, so I think that cash will survive all more advanced means of payment. It can be used anywhere, by anyone and anytime. you don't need network access or even electricity. It's hard to track down and easy to hide (that depends on amount). However, paper money can be counterfeited, it's also vulnerable to fire, flood and many other hazards. I think that one day we will back to money based on rare ores, like gold and silver.

[Kollor]

Simple solutions are most effective, so I think that cash will survive all more advanced means of payment. It can be used anywhere, by anyone and anytime. you don't need network access or even electricity. It's hard to track down and easy to hide (that depends on amount). However, paper money can be counterfeited, it's also vulnerable to fire, flood and many other hazards. I think that one day we will back to money based on rare ores, like gold and silver.

We are not going back to that point in life where we have to weigh those rare metals in exchange of what we want, that is more primitive and I think not efficient of conserving our resources. That would just raise the price of those metals and makes it difficult to make transaction where there is a scarcity of those.

What I see as a solution to that is to produce paper money that are resilient from fire, and any disasters, which I think is not going to happen that easy, paper money printing is also a business and the cost of it too.

[Fatanut]

Simple solutions are most effective, so I think that cash will survive all more advanced means of payment. It can be used anywhere, by anyone and anytime. you don't need network access or even electricity. It's hard to track down and easy to hide (that depends on amount). However, paper money can be counterfeited, it's also vulnerable to fire, flood and many other hazards. I think that one day we will back to money based on rare ores, like gold and silver.

We are not going back to that point in life where we have to weigh those rare metals in exchange of what we want[1], that is more primitive and I think not efficient of conserving our resources. That would just raise the price of those metals and makes it difficult to make transaction where there is a scarcity of those.

What I see as a [2]solution to that is to produce paper money that are resilient from fire, and any disasters, which I think is not going to happen that easy, paper money printing is also a business and the cost of it too.

[2] Should it really be paper money? I don't think the materials will still be paper if it can survive disasters and all that. Even gold will be melted by fire. Even other materials will be destroyed by a disaster. It's an absurd idea to produce a paper money that is very durable because it will consume a lot of resources (imagine re-printing all the paper money) and paper money is nothing but a measure of unit (i.e. currency).

This is where the age of digital money takes over. Digital data can't be destroyed by any disaster and it can't be burnt or melted by fire since it's just a data. It's simply a stream of zeros and ones all saved on the Internet.


[1] Actually, we might. When all of the things has destroyed by calamity, war, science, or whatever the future has to offer, we will go back to the same style of living in the past. In other words, the progress of human kind will fall back depending on how much was destroyed. By the time when all of these modern stuffs wasn't discovered yet, gold and other metals are valuable.