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Author Topic: The future of the paper money  (Read 403643 times)
FLUX-project
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April 22, 2017, 11:50:53 AM
 #3261

That is very interesting idea.As for me humanity isnt ready for that in the nearest future)
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April 22, 2017, 11:57:48 AM
 #3262

Future of paper money? hmm everyone can say about the real future of money but only can knew about what really happens on the future about this money many countries are doing great business with money and this will never disappeared for us who using daily basis and assitance.

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April 22, 2017, 05:34:28 PM
 #3263

I think that today's world is riled by politicians, many of which came from business. They are pushing us to use bank's cards and online payments which seems much more comfortable, cause of you don't need to hold all your money with you. But all this services are taking fees which are going from one level of authority to another higher and higher, that make the wealth of this politicians and businessmen only bigger and bigger. If you really want to economy your money, which in more cases are not so big, use paper money payments and stay away from all this cards and online services

That's mostly nonsense

And it seems you are really not familiar with payment cards and just repeating some pointless drivel. As I have already told numerous times, many banks offer cards which are just profitable to have (in comparison with keeping your money under the mattress). You get interest on the remaining amount in your account, you often can make instant card-to-card transfers free of charge, you are offered protection in the form of chargeback. Wtf, you may even get decent cashback on certain categories of purchases. Personally, I see no reason to use cash whenever I can pay with my debit card (and I have quite a few)

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April 22, 2017, 05:38:20 PM
 #3264

That is very interesting idea.As for me humanity isnt ready for that in the nearest future)

Indeed true.
Consider any development, cash or paper money will continue to reign the economy. You can't literate whole country and make them use digital means for every need.
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April 22, 2017, 05:47:12 PM
 #3265

That is very interesting idea.As for me humanity isnt ready for that in the nearest future)

Indeed true.
Consider any development, cash or paper money will continue to reign the economy. You can't literate whole country and make them use digital means for every need.

I agree with you. Paper money is a habit. People can not give up this. It's nice to listen to the rustle of the bills. And to make purchases in cash - anonymously
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April 22, 2017, 05:52:53 PM
 #3266

That is very interesting idea.As for me humanity isnt ready for that in the nearest future)

Indeed true.
Consider any development, cash or paper money will continue to reign the economy. You can't literate whole country and make them use digital means for every need.

I agree with you. Paper money is a habit. People can not give up this. It's nice to listen to the rustle of the bills. And to make purchases in cash - anonymously
Lets face it Cash is still king when it comes to currency. Yes we all have now credit cards, debit cards, and stuff like Apple Pay but all of which is paid or loaded by Cash and nothing else. Even Bitcoin as a currency is still converted to Fiat Currency because as of right now it still has many uses compared to Bitcoin. I can tell you that if the government has not yet come up with a good alternative to fiat then Fiat currency still has a bright future ahead.

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April 22, 2017, 07:57:04 PM
 #3267

That is very interesting idea.As for me humanity isnt ready for that in the nearest future)

Indeed true.
Consider any development, cash or paper money will continue to reign the economy. You can't literate whole country and make them use digital means for every need.

I agree with you. Paper money is a habit. People can not give up this. It's nice to listen to the rustle of the bills. And to make purchases in cash - anonymously
Lets face it Cash is still king when it comes to currency. Yes we all have now credit cards, debit cards, and stuff like Apple Pay but all of which is paid or loaded by Cash and nothing else. Even Bitcoin as a currency is still converted to Fiat Currency because as of right now it still has many uses compared to Bitcoin. I can tell you that if the government has not yet come up with a good alternative to fiat then Fiat currency still has a bright future ahead.

What you refer to in your post is certainly not cash

You evidently talk about digital fiat which is the opposite of cash. Cash (aka "ready money") is bills and coins that you can put in the pocket of your trousers or leather wallet if you have one. Thus when you convert bitcoins to fiat, you convert them not to cash but to digital fiat, which you can then withdraw to your bank account and fill with it your payment card balance. In short, cash is money which you can touch with your hands, see with your eyes and smell with your nose (you can even taste it)

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April 24, 2017, 04:15:11 PM
 #3268

It's a utopian scheme. Without paper money the world would be unimaginable, you can't be able to cover all the people in a digitalization or card money. Paper money will be remain otherwise disorder will be taking up, so it needs to keep pace with the modern era with paper money.

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April 24, 2017, 04:41:44 PM
 #3269

It's a utopian scheme. Without paper money the world would be unimaginable, you can't be able to cover all the people in a digitalization or card money. Paper money will be remain otherwise disorder will be taking up, so it needs to keep pace with the modern era with paper money.
I think paper money will continue to be developed in accordance with the times. I think bitcoin will be formed into paper money if bitcoin is out of the internet and is used in the real world. It will have become something popular to date.


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April 24, 2017, 04:53:40 PM
 #3270

Not everyone in this world have internet. Some dont even have electricity. How could you imagine life at those places without paper money. Moreover, at present paper money allows easy transactions. So I would say paper money are not going anywhere if we talk about this generation. About more distant future it is hard to say anything at this moment.

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April 24, 2017, 04:57:13 PM
 #3271

Paper money will always survive especially in poor countries where people don't have access to internet and are not aware about bitcoins so we cannot expect them to start using bitcoins as they will be much comfortable in using paper money.
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April 24, 2017, 05:36:05 PM
 #3272

The world is already moving away from paper money towards digital transactions.With technology growing day by day in our life,usage of virtual currencies is also increasing.Bitcoin not only offers low cost transactions but also it would be helpful for the unbanked people who dont even have accounts.Once,when paypal was introduced,many found it as a way to send money out from countries where it might be seized.Today paypal has grown as a main source of sending money and in the future,bitcoin might even get the place where paypal is found today.
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April 24, 2017, 05:52:52 PM
 #3273

Paper money will always survive especially in poor countries where people don't have access to internet and are not aware about bitcoins so we cannot expect them to start using bitcoins as they will be much comfortable in using paper money

Obviously, it is not only about poor countries

Even the most developed but extended countries such the US have backward places where you can meet wild animals such as bears and pumas walking the streets of some small town (say, in Alaska). Quite naturally, in such places cash is the king, and it will likely remain so in the foreseeable future. But it is not just about that either. There can be blackouts, Internet connection issues, various "acts of God" and other Black Swan events. In other words, cash is not going anywhere

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April 24, 2017, 08:30:13 PM
 #3274

The future of money is safe and I don't see it going anywhere as there are many people who feel easy to use paper money and apart from that they don't have any other option of purchasing anything so paper money will always show its presence.

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April 25, 2017, 01:49:17 AM
 #3275

Paper money will stay thay are real p2p money,most safe place for money is my pocket.Go to Greece you will understend thay can only use 400 euro from his card a month,any small business is accepting cards you need to pay with cash


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April 25, 2017, 04:54:32 AM
 #3276

I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in the middle stage and therefore cannot make paper money to dissappear so quickly.

You don't have to rely on Bitcoin to kill off paper money though. Digital fiat will be the end of paper currency long before bitcoin will. Digital fiat already dominated the US economy. Far more value is exchanged digitally than physically, perhaps even more absolute transactions as well.


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SoulBargain
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April 25, 2017, 05:15:25 AM
 #3277

I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in the middle stage and therefore cannot make paper money to dissappear so quickly.

You don't have to rely on Bitcoin to kill off paper money though. Digital fiat will be the end of paper currency long before bitcoin will. Digital fiat already dominated the US economy. Far more value is exchanged digitally than physically, perhaps even more absolute transactions as well.

Some countries I think would or will replace their paper currency with the digital ones that is those countries who are wealthy but to those who are not might just retain their system as their access in this technological advance can't cope up with their living that is they need cellphones or what to connect to internet and proceed with the transactions. It is natural to think that Bitcoin will be the one to trigger the transformation of fiat to cryptocurrency as it is the leading digital coin and much more reputable and advantageous in many aspects which everyone would like but it may or may not be Bitcoin because the can just create a cryptocurrency to be used within the country in order to replace what they have now so the government can control it but not fully control it if you know what I mean so that they can put come taxes on it.

uneng
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April 25, 2017, 05:32:43 AM
 #3278

I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in the middle stage and therefore cannot make paper money to dissappear so quickly.

You don't have to rely on Bitcoin to kill off paper money though. Digital fiat will be the end of paper currency long before bitcoin will. Digital fiat already dominated the US economy. Far more value is exchanged digitally than physically, perhaps even more absolute transactions as well.

Some countries I think would or will replace their paper currency with the digital ones that is those countries who are wealthy but to those who are not might just retain their system as their access in this technological advance can't cope up with their living that is they need cellphones or what to connect to internet and proceed with the transactions. It is natural to think that Bitcoin will be the one to trigger the transformation of fiat to cryptocurrency as it is the leading digital coin and much more reputable and advantageous in many aspects which everyone would like but it may or may not be Bitcoin because the can just create a cryptocurrency to be used within the country in order to replace what they have now so the government can control it but not fully control it if you know what I mean so that they can put come taxes on it.

If governments control crypto currency there isn't any advantage while using it. Paper money is good and it can be the country currency, no problem. We just want to use crypto currency and any other currency we want.
I think it's hard to ban paper money, as everyone needs to have access to internet and in every country there are persons who don't have access to it.

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carlerha
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April 25, 2017, 05:40:32 AM
 #3279

I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in the middle stage and therefore cannot make paper money to dissappear so quickly.

You don't have to rely on Bitcoin to kill off paper money though. Digital fiat will be the end of paper currency long before bitcoin will. Digital fiat already dominated the US economy. Far more value is exchanged digitally than physically, perhaps even more absolute transactions as well.
i think currency bitcoin do not have the power to kill paper money, i think still paper money is the need of all the people of the world, even those people who are using bitcoin for online as well as for offline purposes, but may be in future when the uses of bitcoin will become so common that every person will start using bitcoin, then may be bitcoin overcome paper money and people stop using paper money at all.
Distinctin
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April 25, 2017, 07:22:43 AM
 #3280

I cannot rule out the possibility of paper money to dissappear but it will take more than a century. Most digital currencies including Bitcoin are still in the middle stage and therefore cannot make paper money to dissappear so quickly.

You don't have to rely on Bitcoin to kill off paper money though. Digital fiat will be the end of paper currency long before bitcoin will. Digital fiat already dominated the US economy. Far more value is exchanged digitally than physically, perhaps even more absolute transactions as well.
i think currency bitcoin do not have the power to kill paper money, i think still paper money is the need of all the people of the world, even those people who are using bitcoin for online as well as for offline purposes, but may be in future when the uses of bitcoin will become so common that every person will start using bitcoin, then may be bitcoin overcome paper money and people stop using paper money at all.
It is not the value of bitcoin only but it's purpose, bitcoin was not created to replace the current system of the world
so whatever the value of bitcoin we will still gonna see paper money circulating.

 
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