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Author Topic: The future of the paper money  (Read 404002 times)
Intersan
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April 26, 2017, 01:42:10 AM
 #3301

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

Yes correct, paper money will stay forever. But others want to use bitcoin because it is safe, you can use in payment transaction, online shopping and online gambling. Bitcoin have many uses so that others want to use it like funding online. Since bitcoin prices is not stable others want to make a profit and then invest it for securing the future. We're lucky of having bitcoin in our market it is very big helps to other who want to job. You can earn online by the bitcoin.

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April 26, 2017, 02:03:28 AM
 #3302

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

Yes correct, paper money will stay forever. But others want to use bitcoin because it is safe, you can use in payment transaction, online shopping and online gambling. Bitcoin have many uses so that others want to use it like funding online. Since bitcoin prices is not stable others want to make a profit and then invest it for securing the future. We're lucky of having bitcoin in our market it is very big helps to other who want to job. You can earn online by the bitcoin.
Earning as well it has grown high as a technology that could help in getting effecieny in different sectors with ease. The technology is an innovation that can be implemented based on the requirement which is the beauty of it. Digital currency is a part of the technology. So paper money won't get replaced, because nothing can give the ease as paper money. Paper money might get digitalized but won't be taken away from use.



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April 26, 2017, 02:42:31 AM
 #3303

The future of paper money is still bright and shining just like in bitcoin but i think most of the people here think that bitcoin will replace the paper money which is i don't think will happen because there is a lot of problems for bitcoin to be a replacement for paper money like the approval of the government and being anonymous which the government didn't like about bitcoin.

Yes sure, Bitcoin can never replace paper money! But I have doubt if paper money has glorifying future because trend says its use getting decrease day by day whereas bitcoin is being increasingly used. So by percentage change we can say bitcoin doing better than paper money.

It's hard to think that bitcoin will replace paper money. It's a plan of the government that they will try to upgrade the monetary system, they will make it digital but I don't think that it will be bitcoin, it will be bitcoin inspired type of money. But I'm worried for those people that are still not into technology specially those who are leaving in rural places and depressed areas.
Those people in rural places will be fine, the government is not in the rush situation that they need to add digital money to implement to their country because until now the paper money is doing its work and we didn't encounter any problem. Government will take action for this lack of knowledge about technology for the people in rural places as soon as possible, i think they are just planning about that because lack of knowledge for a country will result for a very slow process of improving its state.

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April 26, 2017, 02:56:04 AM
 #3304

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

Yes correct, paper money will stay forever. But others want to use bitcoin because it is safe, you can use in payment transaction, online shopping and online gambling. Bitcoin have many uses so that others want to use it like funding online. Since bitcoin prices is not stable others want to make a profit and then invest it for securing the future. We're lucky of having bitcoin in our market it is very big helps to other who want to job. You can earn online by the bitcoin.
Earning as well it has grown high as a technology that could help in getting effecieny in different sectors with ease. The technology is an innovation that can be implemented based on the requirement which is the beauty of it. Digital currency is a part of the technology. So paper money won't get replaced, because nothing can give the ease as paper money. Paper money might get digitalized but won't be taken away from use.

for me I think nothing is forever! our technology is continuously evolved and may be our paper money be replace with digital currency in the future.

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April 26, 2017, 03:06:54 AM
 #3305

I prefer to use coin as a means of payment because with coin I guarantee no damage.
I think the best form of money is paper money. Yeah, previous people have tried in the form of coins, and currently developed in the form of paper money, so I think, the coin may be quite difficult, and troublesome to make the transaction, especially if it has a high nominal.
To serve the majority of people it is, paper money is the most simple thing to use every time we will transact and people who are living a simple life does not need to adopt with the new trend which is the digital currency. Majority of the people does not want changes and they are comfortable already of using what is conventional, therefore paper money and digital money will stay together even in a longer period of time.

It is sad but true, even the world is moving but there are people who prefer to stay and will not move with the world.

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April 26, 2017, 07:43:11 AM
 #3306

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.

That is very straightforward thinking and indeed true. Paper money is like "I want it with me" thing. You can not really loosen up cash from you. Moreover, my guess is there are people who save their money in hard cash to cut off the taxes by not showing up the money into bank accounts. Why people with billions of dollars would even present their money into banks if the money is coming from wrong way. And I'm guessing there are lot more people like this.  Grin

Those that have earned a lot of money from a legitimate way such as day job and whatnot has already have their taxes paid. There's no point in hiding your money to keep it from taxes when it's already taxed. I think only freelancing stuffs and online jobs are the ones that doesn't go through the government's taxation before the money is handed to you.

People with billions of dollars will not mind putting their money in the banks if they have nothing to hide. Even when they deposit millions of dollars all of a sudden, they shouldn't be worried about the bank agency might ask them.

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April 26, 2017, 01:50:58 PM
 #3307

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.
I totally agree, even though bitcoin is strong and powerful when it comes to digitalizing the method we pay for things, it is still not enough to remove or to take over the paper money, because that is what the people are used to and changing that with electronical devices is hard, besides due to the nature of bitcoin being limited it makes it even more harder to maintain a flow that is need for the world to use.

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April 26, 2017, 02:18:18 PM
 #3308

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.

That is very straightforward thinking and indeed true. Paper money is like "I want it with me" thing. You can not really loosen up cash from you. Moreover, my guess is there are people who save their money in hard cash to cut off the taxes by not showing up the money into bank accounts. Why people with billions of dollars would even present their money into banks if the money is coming from wrong way. And I'm guessing there are lot more people like this.  Grin

Those that have earned a lot of money from a legitimate way such as day job and whatnot has already have their taxes paid. There's no point in hiding your money to keep it from taxes when it's already taxed. I think only freelancing stuffs and online jobs are the ones that doesn't go through the government's taxation before the money is handed to you

As the financial wisdom says, money loves silence while big money loves dead silence

And this saying hits the nail on the head. Even if you earned your millions of US dollars in a (purportedly) legitimate way, that doesn't mean that you would want to tell the world about your wealth. Apart from that, I don't think you will be quite happy if a bank starts asking questions about the source of all that pile of cash you are going to deposit in the bank though you have nothing to hide. As another saying goes, don't trouble trouble until trouble troubles you. The bottom line is that you would go all out to keep your wealth not known to public in general or anyone in particular



Even if you are just trying to hide a few bucks from your wife

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April 26, 2017, 02:26:55 PM
 #3309

Paper money will not go anywhere. They are profitable for the governments. With them it is possible to carry out various speculations and manipulations: declare inflation, devaluation, etc.

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April 26, 2017, 04:36:58 PM
 #3310

The future of paper money is still bright and shining just like in bitcoin but i think most of the people here think that bitcoin will replace the paper money which is i don't think will happen because there is a lot of problems for bitcoin to be a replacement for paper money like the approval of the government and being anonymous which the government didn't like about bitcoin.

Yes sure, Bitcoin can never replace paper money! But I have doubt if paper money has glorifying future because trend says its use getting decrease day by day whereas bitcoin is being increasingly used. So by percentage change we can say bitcoin doing better than paper money.

It's hard to think that bitcoin will replace paper money. It's a plan of the government that they will try to upgrade the monetary system, they will make it digital but I don't think that it will be bitcoin, it will be bitcoin inspired type of money. But I'm worried for those people that are still not into technology specially those who are leaving in rural places and depressed areas.
Those people in rural places will be fine, the government is not in the rush situation that they need to add digital money to implement to their country because until now the paper money is doing its work and we didn't encounter any problem. Government will take action for this lack of knowledge about technology for the people in rural places as soon as possible, i think they are just planning about that because lack of knowledge for a country will result for a very slow process of improving its state.

But I'm very worried about them because most of them are into technology and they don't have an idea on how they are going to use the new currency if ever that will be implemented. Well yes you are right with it, that will not be an instant change and the government will do something about it for the adoption of it.

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April 26, 2017, 06:45:21 PM
 #3311

In the future far from now the paper money will disappear because everything would be digital and nothing will go with paper things anymore.
Its just a matter of time in my eyes.
I do believed that in the future paper money will disappear, and this is also written in the bible that paper money/money will no longer be useful at all in all countries.



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April 26, 2017, 08:00:48 PM
 #3312

In the future far from now the paper money will disappear because everything would be digital and nothing will go with paper things anymore.
Its just a matter of time in my eyes.
I do believed that in the future paper money will disappear, and this is also written in the bible that paper money/money will no longer be useful at all in all countries.

Its really hard to believe that paper money will fully disappear in future as that seems to be unreal to me as there will be many people who will follow the traditional ways of spending their money and will never get into digital world by using bitcoins for making their purchases.


 
 
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April 26, 2017, 10:03:09 PM
 #3313

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

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April 26, 2017, 10:08:19 PM
 #3314

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

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April 26, 2017, 10:15:01 PM
 #3315

In the future far from now the paper money will disappear because everything would be digital and nothing will go with paper things anymore.
Its just a matter of time in my eyes.
I do believed that in the future paper money will disappear, and this is also written in the bible that paper money/money will no longer be useful at all in all countries.
Lol is it bible not write about bitcoin which will become popular currency and replace paper money in the future?
I think it happens because of natural processes. Something ancient will be replaced with a new one



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April 26, 2017, 10:40:31 PM
 #3316

The future of paper money is still bright and shining just like in bitcoin but i think most of the people here think that bitcoin will replace the paper money which is i don't think will happen because there is a lot of problems for bitcoin to be a replacement for paper money like the approval of the government and being anonymous which the government didn't like about bitcoin.

Yes sure, Bitcoin can never replace paper money! But I have doubt if paper money has glorifying future because trend says its use getting decrease day by day whereas bitcoin is being increasingly used. So by percentage change we can say bitcoin doing better than paper money.
Bitcoin performs better than paper money does not mean bitcoin can easily replace paper money. I would say true that paper money its use has started to decline every year. Because people prefer shopping by credit card or debit card. They use it because it feels more simple and flexible than paper money



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April 27, 2017, 01:48:43 AM
 #3317

The future of paper money is still bright and shining just like in bitcoin but i think most of the people here think that bitcoin will replace the paper money which is i don't think will happen because there is a lot of problems for bitcoin to be a replacement for paper money like the approval of the government and being anonymous which the government didn't like about bitcoin.

Yes sure, Bitcoin can never replace paper money! But I have doubt if paper money has glorifying future because trend says its use getting decrease day by day whereas bitcoin is being increasingly used. So by percentage change we can say bitcoin doing better than paper money.
Bitcoin performs better than paper money does not mean bitcoin can easily replace paper money. I would say true that paper money its use has started to decline every year. Because people prefer shopping by credit card or debit card. They use it because it feels more simple and flexible than paper money

Paper money is one of the most preferred money in the world because cryptocurrencies are just getting started to be popular in different countries and it will take a lot of time for them to dominate or at least get accepted in most of the countries in the world. Cryptocurrencies is the next generation of money but this time is not the right time for them but soon it will be a boomin' market.

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April 27, 2017, 01:49:55 AM
 #3318

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

India is not the unique country that has banned higher-denomination banknote, I'm from Venezuela but its the same case I don't think the government will change anything because they are very corrupt.

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April 27, 2017, 02:14:01 AM
 #3319

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

India is not the unique country that has banned higher-denomination banknote, I'm from Venezuela but its the same case I don't think the government will change anything because they are very corrupt.
The government in my country is also corrupt, but I think all the decisions they make have been through good judgment so as not to endanger the country's economy. But I think the government should also be more brave to change their currency with the currency that has been used by several countries together, because the currency will be stronger because it is supported by more than one country. And the money must be minned not printed.


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AjithBtc
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April 27, 2017, 02:34:17 AM
 #3320

Several months ago in my country, they banned the higher-denomination banknote, but not even they haven't achieved cover the demand of the new banknotes, even the ATMs need new configuration for these new banknotes, maybe adopt a cryptocurrency would be easier and cheaper. Because most transactions are made via POS.

You are from India and do you expect India to get corruption free? I mean your country is full of bunch of assholes who will even sell their mom and wife for the sake of money and you expect that bitcoin will replace paper money in your country?

India is not the unique country that has banned higher-denomination banknote, I'm from Venezuela but its the same case I don't think the government will change anything because they are very corrupt.
The government in my country is also corrupt, but I think all the decisions they make have been through good judgment so as not to endanger the country's economy. But I think the government should also be more brave to change their currency with the currency that has been used by several countries together, because the currency will be stronger because it is supported by more than one country. And the money must be minned not printed.
That is not a possible solution to mine the money that we use in our daily living. Governments can digitise the money which will reduce the production cost, but the features of paper money should never be ignored. People are much adopted to paper money usage, but on digital use fee was levied along with taxes. This needs to be eliminated on digitisation for effective functioning.



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