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Author Topic: The future of the paper money  (Read 412926 times)
gabmen
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March 03, 2017, 12:35:53 PM
 #3021

I am sure slowly paper money will be lost and replaced with digital money. currently many countries are trying to implement a digital money and they've got the targets to immediately replace the paper money.
I agree with you, the use of paper money is not very good because of the value that is always down, need to change money, dirty and many other reasons. I'm sure will come a time when paper money is no longer in use and replaced with a new, bitcoin has a great possibility to replace paper money.
If paper money will be replace, I don't think bitcoin will take over. Digital currency could be the trend for the future but it will be replace by the government own, even at this time, we cannot compared bitcoin to paper money because paper money is widely used by a huge number of population if not all.
Bitcoin on the other hand capture only like 1-2% of the total world's population.
Yes, but we are talking about chanhing the paper money to digital currency it's not only bitcoin, it can be any other virtual currency even PayPal can do that roll. But i think the main question in this thread how goverment politics gonna involve that in to any country, I think only Capitalistic countries or countries with a big GDP can afford to make this possible to change paper money to digital. People can do that by them selfs if goverment accept digital systems, inventing simple and incredibly easy transactions   

Well i think that for as long as there are countries or locations that are still way behind when it comes to technology, paper money will still be relevant. Leta face it, not all coubtries are technologically prepared to go full digital currency so there definitely will still be use for paper money even if the time comes when most people would go digital

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March 03, 2017, 05:59:19 PM
 #3022

The currency of the future may be the digital currency, which may not be bitcoin. Governments of every country will not use what they cannot control. But bitcoin can't be replaced by the digital currency.
yes that is right to say that bitcoin is the future of money is bitcoin, but i think that currency fiat is too much strong. and will continue for a long time. and in far future when the use of bitcoin will increase too much then when people will start giving preference to bitcoin instead of bitcoin then we can say that there is danger to the future of paper money.

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March 03, 2017, 06:20:03 PM
 #3023

For paper money not to be in existence in any moment of the future is as difficult as making everyone literate.its is actually feasible and also possible over time. 




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March 03, 2017, 11:42:28 PM
 #3024

I am sure slowly paper money will be lost and replaced with digital money. currently many countries are trying to implement a digital money and they've got the targets to immediately replace the paper money.
I agree with you, the use of paper money is not very good because of the value that is always down, need to change money, dirty and many other reasons. I'm sure will come a time when paper money is no longer in use and replaced with a new, bitcoin has a great possibility to replace paper money.
how can you say that. i think the use of the paper money is still too good and too strong. i think more that 99.9% people are depending on fiat an that is the reason that we can say that bitcoin cannot replace fiat, because bitcoin is very young and that is the reason that fiat is the number one currency of the world.


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March 04, 2017, 12:10:50 PM
 #3025

I am sure slowly paper money will be lost and replaced with digital money. currently many countries are trying to implement a digital money and they've got the targets to immediately replace the paper money.
I agree with you, the use of paper money is not very good because of the value that is always down, need to change money, dirty and many other reasons. I'm sure will come a time when paper money is no longer in use and replaced with a new, bitcoin has a great possibility to replace paper money.
how can you say that. i think the use of the paper money is still too good and too strong. i think more that 99.9% people are depending on fiat an that is the reason that we can say that bitcoin cannot replace fiat, because bitcoin is very young and that is the reason that fiat is the number one currency of the world.
Here I completely agree with you. And I add that most people do not have access to the bitcoin, do not understand and do not know it, and for some, all or bitcoin can even be very heavy. That's for sure. I'm on my parents are watching, they will never use them, and it is only a minimal example.
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March 04, 2017, 12:25:04 PM
 #3026

I am sure slowly paper money will be lost and replaced with digital money. currently many countries are trying to implement a digital money and they've got the targets to immediately replace the paper money.
I agree with you, the use of paper money is not very good because of the value that is always down, need to change money, dirty and many other reasons. I'm sure will come a time when paper money is no longer in use and replaced with a new, bitcoin has a great possibility to replace paper money.
how can you say that. i think the use of the paper money is still too good and too strong. i think more that 99.9% people are depending on fiat an that is the reason that we can say that bitcoin cannot replace fiat, because bitcoin is very young and that is the reason that fiat is the number one currency of the world.
Here I completely agree with you. And I add that most people do not have access to the bitcoin, do not understand and do not know it, and for some, all or bitcoin can even be very heavy. That's for sure. I'm on my parents are watching, they will never use them, and it is only a minimal example.
Your parents can use bitcoin if you will just explain it to them. Try explaining it to them in a very simple way like how you explain other things then i believe that they will fully understand how bitcoin works and they will adopt it as soon as possible you explain it to them. There is no risk in using bitcoin so i think there is nothing to worry about for not adopting bitcoin.

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March 04, 2017, 12:45:06 PM
 #3027

I am sure slowly paper money will be lost and replaced with digital money. currently many countries are trying to implement a digital money and they've got the targets to immediately replace the paper money.
true, slowly paper money will begin to be replaced by digital money, the more years the use of paper money in the market on the wane because nowadays people prefer to shop online or use a credit card

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March 04, 2017, 01:17:28 PM
 #3028

I am sure slowly paper money will be lost and replaced with digital money. currently many countries are trying to implement a digital money and they've got the targets to immediately replace the paper money.
I agree with you, the use of paper money is not very good because of the value that is always down, need to change money, dirty and many other reasons. I'm sure will come a time when paper money is no longer in use and replaced with a new, bitcoin has a great possibility to replace paper money.
how can you say that. i think the use of the paper money is still too good and too strong. i think more that 99.9% people are depending on fiat an that is the reason that we can say that bitcoin cannot replace fiat, because bitcoin is very young and that is the reason that fiat is the number one currency of the world.
Here I completely agree with you. And I add that most people do not have access to the bitcoin, do not understand and do not know it, and for some, all or bitcoin can even be very heavy. That's for sure. I'm on my parents are watching, they will never use them, and it is only a minimal example.

That's the case for now, but as a human being we can adopt to our surroundings. It only took us a day or two to become totally into bitcoins. It only took us 2 hours to set up our bitcoin wallet. All of the things about fiat and bitcoin can easily change. Just like you said, bitcoin is still young. It's too young for us to judge its potential. We're lucky to be the first ones in here since we are going to be the one that'll make most profits.

People are becoming more and more techy. Your parents might not be able to understand bitcoins maybe because they don't even know how to access the Internet but that will not matter after a generation or two when people are all well-versed about the technology and the Internet.

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March 05, 2017, 12:35:44 AM
 #3029

I believe that paper money will be a relic of the past in about 10 years or so. And I believe that the security will always be an issue, regardless the improvements.
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March 05, 2017, 12:53:34 AM
 #3030

No future at all!  Smiley

if you think about it, paper money is under extinction... we use "digital" money more and more. We pay for goods and food via credit / debit cards, we pay our bills via e-banking, we get paid via wire transfer, we barely get the chance to get our hands in real "physical" bills and coins.

Your insight is good but if you are thinking that way paper money is under extinction, well it might be not good to hear for those people who could not appreciate those terms that you are mentioning like those online transactions of money using digital methods. Actually online payments, like banking, bills or whatsoever that may applied through digital world of internet nowadays were only credited to those who have but not into a general purpose, because not all of the people is actually using online transactions. There were still a lot of people who has not been using this kinds of money transaction that uses cashless spending. We should not deny the fact that paper will still be produced in the future, whatever changes may happen to society paper money will still be the same in a cash form.  
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March 05, 2017, 02:32:37 AM
 #3031

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.

For now yes, they're aren't interested in incorporating bitcoin. Because they think there some other ways which that bitcoin can be possible to be regulated but that's not going to be happen, because decentralize is a decentralized and centralize will still remain as centralize. And in the end paper money will just be like be use in the toilet paper. Grin

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March 05, 2017, 07:34:16 AM
 #3032

as a human being we can adopt to our surroundings. It only took us a day or two to become totally into bitcoins. It only took us 2 hours to set up our bitcoin wallet. All of the things about fiat and bitcoin can easily change. Just like you said, bitcoin is still young. It's too young for us to judge its potential. We're lucky to be the first ones in here since we are going to be the one that'll make most profits.

People are becoming more and more techy. Your parents might not be able to understand bitcoins maybe because they don't even know how to access the Internet but that will not matter after a generation or two when people are all well-versed about the technology and the Internet.
I totally agree, as time goes on the whole world is going toward becoming more and more digital, I mean look at us now we are using virtual reality and using digital money to buy food on the internet, and I think that in the future bitcoin is going to become the main used currency because everything will become digital, and the paper money with disappear.

decentralize is a decentralized and centralize will still remain as centralize.
This is the point, I believe into that the paper money will not find its survival against bitcoin ecosystem. Definitely in future people will choose a decentralized system over the centralized one.

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March 05, 2017, 10:32:00 AM
 #3033

as a human being we can adopt to our surroundings. It only took us a day or two to become totally into bitcoins. It only took us 2 hours to set up our bitcoin wallet. All of the things about fiat and bitcoin can easily change. Just like you said, bitcoin is still young. It's too young for us to judge its potential. We're lucky to be the first ones in here since we are going to be the one that'll make most profits.

People are becoming more and more techy. Your parents might not be able to understand bitcoins maybe because they don't even know how to access the Internet but that will not matter after a generation or two when people are all well-versed about the technology and the Internet.
I totally agree, as time goes on the whole world is going toward becoming more and more digital, I mean look at us now we are using virtual reality and using digital money to buy food on the internet, and I think that in the future bitcoin is going to become the main used currency because everything will become digital, and the paper money with disappear.
By replacing the mass is still a lot of time will pass. The fact that we do not consider the periphery, where people live is not always having the internet and even a proper education to use bitcoin. It's not so simple. Even elderly will need paper money.
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March 05, 2017, 07:50:43 PM
 #3034

as a human being we can adopt to our surroundings. It only took us a day or two to become totally into bitcoins. It only took us 2 hours to set up our bitcoin wallet. All of the things about fiat and bitcoin can easily change. Just like you said, bitcoin is still young. It's too young for us to judge its potential. We're lucky to be the first ones in here since we are going to be the one that'll make most profits.

People are becoming more and more techy. Your parents might not be able to understand bitcoins maybe because they don't even know how to access the Internet but that will not matter after a generation or two when people are all well-versed about the technology and the Internet.
I totally agree, as time goes on the whole world is going toward becoming more and more digital, I mean look at us now we are using virtual reality and using digital money to buy food on the internet, and I think that in the future bitcoin is going to become the main used currency because everything will become digital, and the paper money with disappear.
By replacing the mass is still a lot of time will pass. The fact that we do not consider the periphery, where people live is not always having the internet and even a proper education to use bitcoin. It's not so simple. Even elderly will need paper money.

Many people who have access to the Internet simply do not trust Bitcoin and do not use it. Therefore, having access to the Internet does not guarantee the use of cryptocurrency. Since the inception of Bitcoin took very little time, so we can not talk about the total use cryptocurrency
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March 06, 2017, 01:08:48 AM
 #3035

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
but it wasnt gradually every corner of the village in every country began to internet and digital currency. I believe the future of paper money will not be too good

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goldcoinminer
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March 06, 2017, 02:56:18 AM
 #3036

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
but it wasnt gradually every corner of the village in every country began to internet and digital currency. I believe the future of paper money will not be too good

We don't know yet but one thing I can assure is that paper money will never be out of the circulation. It is widely use by the people and even those who are using digital money are also using paper money. Not all people knows about internet so paper money will stay.

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March 06, 2017, 03:16:34 AM
 #3037

- I think in the near future, paper money will continue to exist but demand for paper money will decrease because the birth of electronic transactions. However paper money will be still payment method popular even when the digital currency become commonly use. Paper money will change and develop to suit near future but in the distant future, people might prefer using credit card because it very fast and convenient

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March 06, 2017, 06:47:55 AM
 #3038

- I think in the near future, paper money will continue to exist but demand for paper money will decrease because the birth of electronic transactions. However paper money will be still payment method popular even when the digital currency become commonly use. Paper money will change and develop to suit near future but in the distant future, people might prefer using credit card because it very fast and convenient
What a lot of the governments are attempting to do is take physical cash completely out of circulation so people have no option but to use a form of digital money, they are doing this as just another step in their dream to completely control all citizens, and they will continue do this under the blanket fear of "terrorism"

Use bitcoin and take so of you almost gone freedoms back.

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March 06, 2017, 12:22:16 PM
 #3039

- I think in the near future, paper money will continue to exist but demand for paper money will decrease because the birth of electronic transactions. However paper money will be still payment method popular even when the digital currency become commonly use. Paper money will change and develop to suit near future but in the distant future, people might prefer using credit card because it very fast and convenient

Yes that is a fact and it is a huge possibility that in the future paper money will no longer be used in small transactions due to the existence of digital currencies. But paper money will still be there as it will serve as a back-up to the existing value of this cryptocurrencies and other digital money. But whatever the future holds it is best to earn and save more bitcoins for future use.

pungopete468
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March 06, 2017, 12:32:52 PM
 #3040

- I think in the near future, paper money will continue to exist but demand for paper money will decrease because the birth of electronic transactions. However paper money will be still payment method popular even when the digital currency become commonly use. Paper money will change and develop to suit near future but in the distant future, people might prefer using credit card because it very fast and convenient

Yes that is a fact and it is a huge possibility that in the future paper money will no longer be used in small transactions due to the existence of digital currencies. But paper money will still be there as it will serve as a back-up to the existing value of this cryptocurrencies and other digital money. But whatever the future holds it is best to earn and save more bitcoins for future use.

We are into digital era and everything is getting digital and people who are not aware about bitcoins are using debit/credit cards for making purchases and there will be more people in future who will prefer to go cashless but the fact is paper money will always exist as people who don't have bank accounts and who are illiterate will always prefer to use paper money as that is the only way they get their wages and will find it easy to use and bitcoin can be complicated for them.

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