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Author Topic: The future of the paper money  (Read 403592 times)
coinplus
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February 27, 2017, 03:51:17 PM
 #2981

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
 #2982

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.

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February 27, 2017, 05:56:55 PM
 #2983

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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February 27, 2017, 06:14:26 PM
 #2984

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..

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February 27, 2017, 06:20:36 PM
 #2985

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.

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February 27, 2017, 06:59:13 PM
 #2986

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.



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February 27, 2017, 07:05:42 PM
 #2987

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.
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February 28, 2017, 02:08:43 AM
 #2988

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.
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February 28, 2017, 10:39:10 AM
 #2989

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.


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February 28, 2017, 10:50:36 AM
 #2990

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
I agree with what you are saying. People are using the internet and technology more everyday and it is being used by almost every one.
But paper money will always be there because maybe one day there won't be internet then nobody can use there money and that's why paper money will stay
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February 28, 2017, 02:04:12 PM
 #2991

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.
There will be a time when paper money will give way to electronic money in the future .But for that to happen it will take a really long time as you really cannot implement those things all of a sudden.People have to be educated about the use of online banking and only through that we could reduce the usage of paper money.
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February 28, 2017, 06:01:58 PM
 #2992

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.
There will be a time when paper money will give way to electronic money in the future .But for that to happen it will take a really long time as you really cannot implement those things all of a sudden.People have to be educated about the use of online banking and only through that we could reduce the usage of paper money.
You are absolutely right its need too much time even in developed countries for developing countries its can take more then centuries because they have nothing about this right now its need some basic human necessaries like education , electricity and access to internet which is not available right now for them


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danherbias07
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February 28, 2017, 06:05:25 PM
 #2993

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.
There will be a time when paper money will give way to electronic money in the future .But for that to happen it will take a really long time as you really cannot implement those things all of a sudden.People have to be educated about the use of online banking and only through that we could reduce the usage of paper money.

This two should work with each other not trying to disintegrate one another. Paper money is very helpful from the past up until now. Without it, people from suburbs or the average ones could not transact easily. Small markets also that dont have the capacity to change the way they transact by trading items to paper money will have a lot of problem. Countries without the high end technologies will only get weaken instead of getting stronger by this event.

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February 28, 2017, 06:06:17 PM
 #2994

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.
There will be a time when paper money will give way to electronic money in the future .But for that to happen it will take a really long time as you really cannot implement those things all of a sudden.People have to be educated about the use of online banking and only through that we could reduce the usage of paper money.
indeed but i think it will not automatically erase paper money from the financial world .

it could bitcoin / digital money come as an optional payment rather than the old one like paper money. so both will exist at same time. it wasn't easy to make something well established like paper money to become disappeared , am i right?

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February 28, 2017, 09:08:59 PM
 #2995

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.




Ok, where the Internet starts from? From servers, with disks containing all of the data. Moreover, this system needs electricity and network access to remain operational plus electrical circuits can be destroyed by EMP etc...  From that perspective, data is more vulnerable than any other 'off-line' medium.

I agree, that some ultra durable and printable notes would be a decent idea, but still cost of manufacturing couldn't exceed it's nominal value to make it reasonable.
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February 28, 2017, 10:18:02 PM
 #2996

I think there is nothing special about the future of the paper money because there is nothing to change because it is impossible for bitcoin to replace paper money and also paper money supports by the government which makes it nearly impossible to beat by just a piece of technology like bitcoin.

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February 28, 2017, 11:12:24 PM
 #2997

Like many people already said is that the paper money future is not so good because it has the digital word against.
Everything these days will get digital the world is really changing.
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February 28, 2017, 11:20:06 PM
 #2998

Like many people already said is that the paper money future is not so good because it has the digital word against.
Everything these days will get digital the world is really changing.

Indeed!  The paper money is doomed!.  Even if the government does not approve cryptocurrency, they still have this digital money in their arsenal and the cashless system that I think is being practiced in some country.  If this cashless system is proven to be effective or successful where it was tested then probably this will be adopted by every government.

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February 28, 2017, 11:25:18 PM
 #2999

I think that paper money will eventually disappear but not in the nearest future. It doesn't mean that another form of solid currency will not exist. It will, but in some other form than paper I think. The non-cash currencies will be in the major someday.
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March 01, 2017, 12:00:57 AM
 #3000

I think there is nothing special about the future of the paper money because there is nothing to change because it is impossible for bitcoin to replace paper money and also paper money supports by the government which makes it nearly impossible to beat by just a piece of technology like bitcoin.
I think bitcoin will not replace paper money. of course because of the government ban. the government would issue a more sophisticated version of course in accordance with the demands of the times
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