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Author Topic: The future of the paper money  (Read 403594 times)
PhucS
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March 19, 2017, 07:16:21 AM
 #3141

I think the world still needs paper money. Currently, virtual currency technology, electronic money is developing and popular but not so that remove the paper money. Paper money still plays an important role, it is easier to use. Payments from daily life such as living expenses, utilities, etc. will still need to be used paper money. Virtual currency technology is currently only growing and popular in some big countries, but countries that do not recognized virtual currency will still have to use cash. In the future, I think paper money still plays an important role

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March 19, 2017, 07:40:38 AM
 #3142

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
I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.

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March 19, 2017, 11:25:35 AM
 #3143

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
I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.
Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.



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Theb
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March 19, 2017, 11:33:00 AM
 #3144

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
I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.
Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.
Wherever you go Cash is king, now you may say Bitcoin is good as cash but the truth is it is not. Bitcoin right now to be cash need to be accepted worldwide which is not it is only accepted by some people in that country. Also Fiat currency is backed by the government which is good because you know it is stabler than cryptocurrency.

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blackhawkeye1912
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March 19, 2017, 12:02:55 PM
 #3145

Hope paper money will not dissapear, cause many times i was on situatins when digital money can't help and only cahs can save. Bad idea to change everyting at once.

Exactly there are many places where only paper money can help us, like paying bills, paying to maid or servant, and for that bitcoin will not help.

Well Said, there are few places where we can't use bitcoin and other digital currencies however the technology gets advanced. So in my opinion if the world becomes currency free then paper money use might gets stopped.

Each and every paper money represents their country, its a pride and symbol of their country, and Government will never allow that to happen as they will loose all their power and control on the money.
It maybe true on your side, even they won't allow it to happen if the people individually are getting interest into bitcoin especially many become prosper to their lives whether they like it or now if that's the scenario they will accept the fact too. Then paper money ending will come.



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March 19, 2017, 03:23:44 PM
 #3146

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
I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.
Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.
in my area as i do not know that there is single shop who are accepting bitcoin for shopping but still i am hopeful that very soon we will be able to use bitcoin as in our shops for shopping.



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March 19, 2017, 05:24:41 PM
 #3147

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
I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.
Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.
in my area as i do not know that there is single shop who are accepting bitcoin for shopping but still i am hopeful that very soon we will be able to use bitcoin as in our shops for shopping.

That is the problem we all are facing as none around us is aware about bitcoins and it will take long time for people to discover bitcoins and merchants will start accepting bitcoins as a mode of payment only if they find enough demand for it.

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March 19, 2017, 05:31:48 PM
 #3148

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
I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.
Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.


Whatever it is bitcoin cannot overtake the fiat currency fully. however btc will gain much popularity than what it is today. even if that has to happen then it will take a very long time. the only reason why fiat currency will remain the best is centralized currency and governed by the government, it is used by everyone who don't know to read and write.
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March 19, 2017, 05:42:58 PM
 #3149

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.

Yes, now they aren't ready to leave paper money and use bitcoins only for example. But even now more people use credit cards to pay for stuff rather than paper money, so i think that it is just a matter of time before they will start using bitcoin. i'd say in 20 years there will be no more people that use paper money.



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HAS BEEN RELEASED!


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March 19, 2017, 06:02:50 PM
 #3150

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.

Yes, now they aren't ready to leave paper money and use bitcoins only for example. But even now more people use credit cards to pay for stuff rather than paper money, so i think that it is just a matter of time before they will start using bitcoin. i'd say in 20 years there will be no more people that use paper money.

There will be a increase in usage of bitcoins and credit card in next 20 years for sure but there will be some poor people who will still continue to use paper money as they would find bitcoin complicated and might not be interested in using it.


 
 
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sergeyzol
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March 19, 2017, 08:18:03 PM
 #3151

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.

Yes, now they aren't ready to leave paper money and use bitcoins only for example. But even now more people use credit cards to pay for stuff rather than paper money, so i think that it is just a matter of time before they will start using bitcoin. i'd say in 20 years there will be no more people that use paper money.

There will be a increase in usage of bitcoins and credit card in next 20 years for sure but there will be some poor people who will still continue to use paper money as they would find bitcoin complicated and might not be interested in using it.

I agree with you. There will always be people who use paper money. The standard of living of many countries is not very high. That is why it is too early to say that paper money will soon cease to exist
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March 19, 2017, 08:48:17 PM
 #3152

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.

Yes, now they aren't ready to leave paper money and use bitcoins only for example. But even now more people use credit cards to pay for stuff rather than paper money, so i think that it is just a matter of time before they will start using bitcoin. i'd say in 20 years there will be no more people that use paper money.

There will be a increase in usage of bitcoins and credit card in next 20 years for sure but there will be some poor people who will still continue to use paper money as they would find bitcoin complicated and might not be interested in using it.

I agree with you. There will always be people who use paper money. The standard of living of many countries is not very high. That is why it is too early to say that paper money will soon cease to exist

Yes and paper money will never disappear as it has a support from the Government and people especially the labors who are earning their daily wages in cash will always use paper money to buy anything as that is the only option they have for their spending.


 
 
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szpalata
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March 19, 2017, 11:18:47 PM
 #3153

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.

You're wrong if you say it's forever because its estimated that within the next 10 years everyone will own a smartphone and access to Internet and Bitcoin for that matter will be high so it makes sense to also suggest that our society then can change and upgrade to cryptocurrency.



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March 19, 2017, 11:21:01 PM
 #3154

I think the future of paper money is to fall in value, and it is not because of the physical form, but the way the currency is issued. With Bitcoin things are more efficient, since you do not have to depend on politicians.
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March 19, 2017, 11:53:37 PM
 #3155

I think the future of paper money is to fall in value, and it is not because of the physical form, but the way the currency is issued. With Bitcoin things are more efficient, since you do not have to depend on politicians.
but to me i do not think that there is anything wrong to th future of paper money, to me i think it did not devalued and i think in near future it will even continue its states and there is nothing wrong to paper money.

   
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March 20, 2017, 12:31:02 AM
 #3156

I think the future of paper money is to fall in value, and it is not because of the physical form, but the way the currency is issued. With Bitcoin things are more efficient, since you do not have to depend on politicians.
I thought decentralization would be prohibited by the government so I would be quite doubtful if bitcoin will replace paper money certainly the government has prepared a substitute for paper money.

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March 20, 2017, 02:29:25 AM
 #3157

I think the future of paper money is to fall in value, and it is not because of the physical form, but the way the currency is issued. With Bitcoin things are more efficient, since you do not have to depend on politicians.
but to me i do not think that there is anything wrong to th future of paper money, to me i think it did not devalued and i think in near future it will even continue its states and there is nothing wrong to paper money.

Paper money will continue to exist even if bitcoin gets on the mainstream and there are two reasons behind it, the first one is it has support from the Government and the other is people have more faith in something that they can hold physically and bitcoin is digital so many people will not have same level of faith in bitcoins that they have on paper money.

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March 20, 2017, 03:33:11 AM
 #3158

I think the future of paper money is to fall in value, and it is not because of the physical form, but the way the currency is issued. With Bitcoin things are more efficient, since you do not have to depend on politicians.
but to me i do not think that there is anything wrong to th future of paper money, to me i think it did not devalued and i think in near future it will even continue its states and there is nothing wrong to paper money.

Paper money will continue to exist even if bitcoin gets on the mainstream and there are two reasons behind it, the first one is it has support from the Government and the other is people have more faith in something that they can hold physically and bitcoin is digital so many people will not have same level of faith in bitcoins that they have on paper money.
I'm gonna agree with your on that, paper money has been very useful to all of us and despite the fact that we are on a digital currency now but there are still a lot of establishment that does not adopt with the system which means paper money is still in demand. Bitcoin and fiat is different, and fiat will always be in existent in this world while bitcoin, I'm not sure about that.

 
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whizter
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March 20, 2017, 08:22:46 AM
 #3159

I think the future of paper money is to fall in value, and it is not because of the physical form, but the way the currency is issued. With Bitcoin things are more efficient, since you do not have to depend on politicians.
I thought decentralization would be prohibited by the government so I would be quite doubtful if bitcoin will replace paper money certainly the government has prepared a substitute for paper money.
currently it look like difficult but i i think as soon as time pass bitcoin is becoming more and more popular and therefore we can hope that in future it may be possible to replace fiat by bitcoin.

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Bitcoin0916
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March 20, 2017, 11:55:26 AM
 #3160

I think the future of paper money is to fall in value, and it is not because of the physical form, but the way the currency is issued. With Bitcoin things are more efficient, since you do not have to depend on politicians.
I thought decentralization would be prohibited by the government so I would be quite doubtful if bitcoin will replace paper money certainly the government has prepared a substitute for paper money.
currently it look like difficult but i i think as soon as time pass bitcoin is becoming more and more popular and therefore we can hope that in future it may be possible to replace fiat by bitcoin.

We see 10 years again, if a bitcoin can survive then bitcoin will become a candidate world currencies that will be used in many countries. Although very popular, fiat money will continues to survive because of fiat money and paper money is a symbol of the State.
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