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Author Topic: The future of the paper money  (Read 403529 times)
freedomgo
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March 17, 2017, 01:28:31 AM

Plastic cards are the same money and they have already partially replaced paper money. Only paper will not go away, because they complement each other in the event of a system failure.
I think the technology will also be much more sophisticated than the plastic cards. will probably use the help of cell phones to help process payments. since all transactions will be online #imo
Why we will shift to online payment is because we want a faster and safer transaction, card can be stolen and your money is gone. The future is looking good for digital currency and we are lucky we have bitcoin, a system that is revolutionary which has the advantage of being decentralized.
Paper money will continue to exist to serve only a smaller portion of population, and in the near future we will have a lot of options to transact (offline and online).



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March 17, 2017, 02:18:43 AM

Plastic cards are the same money and they have already partially replaced paper money. Only paper will not go away, because they complement each other in the event of a system failure.
I think the technology will also be much more sophisticated than the plastic cards. will probably use the help of cell phones to help process payments. since all transactions will be online #imo
Why we will shift to online payment is because we want a faster and safer transaction, card can be stolen and your money is gone. The future is looking good for digital currency and we are lucky we have bitcoin, a system that is revolutionary which has the advantage of being decentralized.
Paper money will continue to exist to serve only a smaller portion of population, and in the near future we will have a lot of options to transact (offline and online).
and paper money only as a backup not complement from sophistication in the future where many people want a fast and secure transaction then for paper money was considered old-fashioned

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March 17, 2017, 04:16:45 AM

Paper money will stay forever.
Why? Because its easier to make than coins.

I'm so sorry but you are definitely wrong, paper money will disappear in the near future because I read a book telling that time will come paper money will no longer be useful.And I believe that book is telling the truth..😃

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March 17, 2017, 05:03:29 AM

Plastic cards are the same money and they have already partially replaced paper money. Only paper will not go away, because they complement each other in the event of a system failure.
I think the technology will also be much more sophisticated than the plastic cards. will probably use the help of cell phones to help process payments. since all transactions will be online #imo
Why we will shift to online payment is because we want a faster and safer transaction, card can be stolen and your money is gone. The future is looking good for digital currency and we are lucky we have bitcoin, a system that is revolutionary which has the advantage of being decentralized.
Paper money will continue to exist to serve only a smaller portion of population, and in the near future we will have a lot of options to transact (offline and online).
and paper money only as a backup not complement from sophistication in the future where many people want a fast and secure transaction then for paper money was considered old-fashioned

Yes, everyone want to make fast and secure transaction, but that does not mean paper money will be abandoned like that, paper money ia old fashioned but they never can to move paper money from this world. Because government can never control bitcoin so they wont take this actuon although it has a better future
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March 17, 2017, 09:18:56 AM

Plastic cards are the same money and they have already partially replaced paper money. Only paper will not go away, because they complement each other in the event of a system failure.
I think the technology will also be much more sophisticated than the plastic cards. will probably use the help of cell phones to help process payments. since all transactions will be online #imo
Why we will shift to online payment is because we want a faster and safer transaction, card can be stolen and your money is gone. The future is looking good for digital currency and we are lucky we have bitcoin, a system that is revolutionary which has the advantage of being decentralized.
Paper money will continue to exist to serve only a smaller portion of population, and in the near future we will have a lot of options to transact (offline and online).
and paper money only as a backup not complement from sophistication in the future where many people want a fast and secure transaction then for paper money was considered old-fashioned

Yes, everyone want to make fast and secure transaction, but that does not mean paper money will be abandoned like that, paper money ia old fashioned but they never can to move paper money from this world. Because government can never control bitcoin so they wont take this actuon although it has a better future
True, for there are still countries, certainly the paper money will continues to exist and never disappear, we all know that the use of paper money will continue to decline but will not be lost.
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March 17, 2017, 09:38:06 AM

Plastic cards are the same money and they have already partially replaced paper money. Only paper will not go away, because they complement each other in the event of a system failure.
perhaps after the paper money will come in a plastic card This card is very powerful because you can pay or buy goods only with this card. such as a credit card or debit card.

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March 17, 2017, 11:40:56 AM

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Money is only an agreement from the lender that is liable to pay the borrower the certain amount of goods or services equivalent in the foreseeable future. As you can see there痴 no money in year ago, the only way to transact is to changes service good. Through the evolution of time, the concept of paper money or agreement to pay the borrower in future came forward. So going in this way, the future of paper money isn稚 very illustrious, cause it is very susceptible to damage by natural and manmade.  I think that the future money become digital where the concept of bearing liabilities would be the main theme without any real exchange of material stuffs of any kind.

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March 17, 2017, 02:24:52 PM

I don't know whether bitcoin will replace paper money or not, but

I know that in the future paper money will be disappear and replace by others, may be card or else
yes we all never know about future,but we can predict it with collect some factor on nowdays to predict future. and i guess in the future bitcoin will not replace bitcoin,its different acceptable between paper money and bitcoin,and i'm also guess that paper money will not dissapear.

But its really difficult to predict that paper money will simply disappear in future as I don't see any competition from bitcoin to paper money as the users of paper money are huge in compare to bitcoins.
The future of paper money will be gone soon after bitcoin will become the new world currency in the whole country Grin
And paper money will be like a piece of paper that can be use on paper toilet. Grin


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March 17, 2017, 03:15:40 PM

Paper money will stay forever.
Why? Because its easier to make than coins.

I'm so sorry but you are definitely wrong, paper money will disappear in the near future because I read a book telling that time will come paper money will no longer be useful.And I believe that book is telling the truth..😃

With all due respect to your statement you might be right from your point of view and your book's but paper money will stay but it depends on the economy of the particular country which decides on currency and as of now most of the countries are moving towards cashless economy so i am sure the usage of paper currency will be dropped by a significant level and the gap will be filled by digital currency like bitcoin but still paper currency will exist for sure.
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March 17, 2017, 03:37:07 PM

Plastic cards are the same money and they have already partially replaced paper money. Only paper will not go away, because they complement each other in the event of a system failure.

Plastic cards are the major currency of the digital world, but the main disadvantage with digital currency is there are many small scale industries who still depend on paper currency, today they are surviving with that money they are earning daily. But the governments should think about these small scale industries also.


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March 17, 2017, 03:50:34 PM

Paper money will stay forever.
Why? Because its easier to make than coins.

I'm so sorry but you are definitely wrong, paper money will disappear in the near future because I read a book telling that time will come paper money will no longer be useful.And I believe that book is telling the truth..😃

With all due respect to your statement you might be right from your point of view and your book's but paper money will stay but it depends on the economy of the particular country which decides on currency and as of now most of the countries are moving towards cashless economy so i am sure the usage of paper currency will be dropped by a significant level and the gap will be filled by digital currency like bitcoin but still paper currency will exist for sure.
but to me i think it depend on the interest of the people if people are interested in paper money then paper money will continue for a long time  but if they will stop using fiat then the fiat will become useless and then the currency where the people are start taking interest then the currency will become more and more popular.

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March 18, 2017, 02:00:10 AM

Plastic cards are the same money and they have already partially replaced paper money. Only paper will not go away, because they complement each other in the event of a system failure.
I think the technology will also be much more sophisticated than the plastic cards. will probably use the help of cell phones to help process payments. since all transactions will be online #imo
Why we will shift to online payment is because we want a faster and safer transaction, card can be stolen and your money is gone. The future is looking good for digital currency and we are lucky we have bitcoin, a system that is revolutionary which has the advantage of being decentralized.
Paper money will continue to exist to serve only a smaller portion of population, and in the near future we will have a lot of options to transact (offline and online).
Online payments are not that safe either, if you want to get my cash then you need to take it directly from me, but if you want to obtain the money I have in a bank account the only thing you need is to hack my computer and by the time I realize what happen you already got my money.

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jems
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"Green Mining 85% Cheaper"


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March 18, 2017, 05:58:29 AM

i think paper money have lifetime because government need to produce more paper money and in all country paper money is very important like in my country Philippines if you have 20 pesos  paper money and you buy food ,snacks ,drinks .

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panganib999
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March 18, 2017, 06:10:04 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.

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BeGoods
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March 18, 2017, 06:30:39 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.
it will be replaced gradually certainly not necessarily bitcoin will replace paper money directly of course everyone is not ready with it. This course will run slowly but I'm sure bitcoin could speak more

   
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choppork
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March 18, 2017, 08:41:48 AM

i think paper money have lifetime because government need to produce more paper money and in all country paper money is very important like in my country Philippines if you have 20 pesos  paper money and you buy food ,snacks ,drinks .

Just because you can buy something using your paper money doesn't mean that it will stay forever. Back then, you can buy anything you want using the coins which are "old coins" in the present. Try using those old coins today and no one's going to accept it anymore. The paper money can be changed as well. It can evolve from paper to plastic to something totally digital. Today, most people are using cards (plastic) to pay for their bills. It's either debit/credit card.

And since the world is changing, even cards can be changed as well by something better at some point in time when people have finally embraced the idea of cryptocurrency.
dark_pride
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March 18, 2017, 12:45:51 PM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.
r32godzilla
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March 18, 2017, 03:28:55 PM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.

That is the reason people don't have faith in bitcoin as they easily trust something that they can hold physically and that is not possible with bitcoins and paper money will always exist in future as it holds huge userbase in compare to bitcoins.


 
 
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Silberman
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March 19, 2017, 12:14:47 AM

The paper money is can't be replaced by bitcoin because bitcoin is digital currency and our society now is not ready for changes or upgrade. Because there are people who doesn't have mobile gadgets so I think fiat is forever.
it will be replaced gradually certainly not necessarily bitcoin will replace paper money directly of course everyone is not ready with it. This course will run slowly but I'm sure bitcoin could speak more
The replacement of paper money can be faster in countries that are very developed but in countries where development is still necessary then the progress towards as a society without cash is going to be very slow or it could not happen at all.

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NEWGOODOUBLE
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March 19, 2017, 12:51:17 AM

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.
although you say feel more comfortable to use paper money but if the store no longer accept paper money. what would you do ? I think the era inevitably change. and everyone should follow it
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