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Author Topic: The future of the paper money  (Read 412994 times)
Gameroid
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May 17, 2017, 04:40:42 PM
 #3501

I do not think there is a future of paper money. Paper money will have been totally diminished.

Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.

exactly. although these digital currencies would make life a lot easier for us, there's no denying the need for a physical currency in our everyday expenses. and accessibility to the internet is not enjoyed by everyone so this would be a big challenge for non fiat currencies to topple.
in fact the next generation trend is toward toward online shopping and trading therefore bitcoin can fulfill all their requirement. although there are so many other alt currencies. but the main currency is still bitcoin and still more and more people are using bitcoin for online shopping and investment.

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May 17, 2017, 05:50:58 PM
 #3502

I'm not sure about paper, but some physical representation of value will exist forever.
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May 17, 2017, 06:23:52 PM
 #3503

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.
Bitcoin is good for the fore because the turnaround is very fast
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May 17, 2017, 07:23:17 PM
 #3504

I'm not sure about paper, but some physical representation of value will exist forever.
Of course modern fantasy films show the future this is what money people use in the future. But it seems to me that nothing like this will happen and paper money will exist very very long. No one will give real wealth to the hands of the man, but the government will still entrust the equivalent paper to people as it does now.

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May 17, 2017, 08:29:47 PM
 #3505

I do not think there is a future of paper money. Paper money will have been totally diminished.

Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
Yes it is right that the fiat will remain in existence and bitcoin will be used for the future but I do not think that if the states started to implement bitcoin and started to work for its development then any issue will occur to it as the states are more powerful with more money for to spend on it and the development will be more faster for bitcoin.

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May 17, 2017, 10:15:32 PM
 #3506

I do not think there is a future of paper money. Paper money will have been totally diminished.

Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
Yes it is right that the fiat will remain in existence and bitcoin will be used for the future but I do not think that if the states started to implement bitcoin and started to work for its development then any issue will occur to it as the states are more powerful with more money for to spend on it and the development will be more faster for bitcoin.
Bitcoin is a modern trend, I'm more than confident that for example my parents will never give up paper money. So Bitcoin should not react slowly but gradually but the full condition will only work in the distant future, today only the paper currency.


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chineseprancing
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May 17, 2017, 10:37:47 PM
 #3507

Paper currency were still used even digital currency era has come. Because this currency were symbolize each nation. But I don't think so if the value of paper currency were still stand in the original. Maybe it depends on the fluctuating of digital currency in the market.

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May 17, 2017, 11:57:41 PM
 #3508

I do not think there is a future of paper money. Paper money will have been totally diminished.

Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made.
You know that the internet is the main human need today. Even the world's finance in the bank is also dependent on the internet today. Actually already very visible signs that paper money will be replaced

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May 17, 2017, 11:59:54 PM
 #3509

Paper currency were still used even digital currency era has come. Because this currency were symbolize each nation. But I don't think so if the value of paper currency were still stand in the original. Maybe it depends on the fluctuating of digital currency in the market.
I agree with you I think it takes a decades before paper currency were diminish in the market

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May 18, 2017, 01:45:47 AM
 #3510

Paper money's future still be the same only that it will be lessen in usage due to bitcoin digital currency is the mostly used currency in the future years to come. Hopefully this will be happening so that bitcoin price will be more stable in the marketplace just like the fiat money currency money. Bitcoin that time wil be the most profitable investment to have amd paper money will be reduced in spending and exchanges but it will not vanish in banking because offline using still remains like in local wet markets and those who doesn't knew how to use the digital world of internet transactions, because bitcoin needs to be accessed through online network.

Bitcoin isn't going to affect physical currency much. The ratio of people using Bitcoin to conduct commerce vs. using it to gamble, either by buying speculatively or using it to skirt casino or sport book restrictions, is extremely small. The thing that is going to diminish physical fiat's use is digital fiat. Most transactions are already digital, and easier than blockchain technology.


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May 18, 2017, 05:44:18 AM
 #3511

Paper money's future still be the same only that it will be lessen in usage due to bitcoin digital currency is the mostly used currency in the future years to come. Hopefully this will be happening so that bitcoin price will be more stable in the marketplace just like the fiat money currency money. Bitcoin that time wil be the most profitable investment to have amd paper money will be reduced in spending and exchanges but it will not vanish in banking because offline using still remains like in local wet markets and those who doesn't knew how to use the digital world of internet transactions, because bitcoin needs to be accessed through online network.

Bitcoin isn't going to affect physical currency much. The ratio of people using Bitcoin to conduct commerce vs. using it to gamble, either by buying speculatively or using it to skirt casino or sport book restrictions, is extremely small. The thing that is going to diminish physical fiat's use is digital fiat. Most transactions are already digital, and easier than blockchain technology

Well, now I seem to understand the difference between your reasoning and mine

In short, you don't look deeper besides what's on the surface taking into account only direct effects, and thus jump to premature conclusions. This post of yours is a perfect example of that. You basically state that Bitcoin cannot affect fiat since the former is not used in conducting commerce (i.e. Bitcoin is not used as a currency). This point itself can hardly be challenged since it is a fact of life (with which I totally agree, just in case). But this is not the only route via which Bitcoin can and does in fact affect fiat (physical or digital). You forget that fiat itself is not only about commerce and being a currency. It is also a speculative asset on its own and a store of value (another fact of life), and this is exactly where Bitcoin hits hardest. But since fiat here and fiat there it is still the same fiat (both physical and digital), Bitcoin necessarily affects them both even if indirectly and even if Bitcoin itself is not used to conduct real business as you state

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May 18, 2017, 06:15:59 AM
 #3512

I think paper money will stay maybe bitcoin can make a higher value but money is the easiest way to buy something you need or you want.

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May 18, 2017, 06:33:05 AM
 #3513

Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.
yeah every country has a different time period may be for the USA who already advanced. they would sooner leave paper money and switch to digital money faster than other countries ?
I don't think so, but USA is a country who used dollar, even they know the bitcoin but dollar is a part of their society. The dollar is big source of income of USA and the world is based on the dollar currency.
Even the others, the prepared money is the cash because you can handle every where unlike bitcoin that need to use an internet before they proceed to process.

in Business topic I think this will be the most demand currency especially in the investor.
 
in fact bitcoin is still not so much popular and all the facilities of bitcoin are not yet available in bitcoin, because of the lower number of bitcoin users, i am sure that when the number of bitcoin users will increase then it will become possible that people will completely start using bitcoin for fulfiling all their needs.
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May 18, 2017, 06:42:42 AM
 #3514

In my opinion paper money is going to be there for a very long time, there is no way countries will abandon their national currency for a crypto currency, in the best case scenario they will use it alongside their main currency.
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Any store can buy, sell, and accept Crypto


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May 18, 2017, 07:08:16 AM
 #3515

I think paper money will stay maybe bitcoin can make a higher value but money is the easiest way to buy something you need or you want.
We need offline and online things that we can use to transact, bitcoin will be part of the digital currency which is the trend
in the future and but paper money will remain.
People will not easily understand and if they don't understand digital currency it is hard for them to adopt so it's
even impossible to see majority of the population will use digital currency.

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May 18, 2017, 08:22:23 AM
 #3516

In my opinion paper money is going to be there for a very long time, there is no way countries will abandon their national currency for a crypto currency, in the best case scenario they will use it alongside their main currency.
Of course paper money will last for a very long time, until now even though all humans are still using bitcoin. I myself do not know when digital money will shift it, it may take a long time

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May 18, 2017, 09:19:56 AM
 #3517

Future of paper money?it will not grow and will remain as is and maybe lined up with bitcoins,but never in history that paper money will be worthless its like goverment being worthless

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May 18, 2017, 09:59:56 AM
 #3518

Future of paper money?it will not grow and will remain as is and maybe lined up with bitcoins,but never in history that paper money will be worthless its like goverment being worthless


Paper money will always exist for an alternative way of payment. Perhaps their number will decrease, but they will not disappear completely.

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May 18, 2017, 10:59:29 AM
 #3519

Future of paper money?it will not grow and will remain as is and maybe lined up with bitcoins,but never in history that paper money will be worthless its like goverment being worthless

Definitely, government will protect their interest and they do not want their currency to be worthless, majority of the users are using paper money and we can observed than only few of the total population in any country that uses digital currency. The same will the scenario in the future IMO because not all people are having a busy financial transaction, people who live simply and has no business to use a method that is not beneficial to them.

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May 18, 2017, 11:19:29 AM
 #3520

Future of paper money?it will not grow and will remain as is and maybe lined up with bitcoins,but never in history that paper money will be worthless its like goverment being worthless

Definitely, government will protect their interest and they do not want their currency to be worthless, majority of the users are using paper money and we can observed than only few of the total population in any country that uses digital currency. The same will the scenario in the future IMO because not all people are having a busy financial transaction, people who live simply and has no business to use a method that is not beneficial to them.

yes they will. but the people will choose on what they want to hold. if they want to hold fiat or digital currency its up to them. only few people in the population uses digital currency because most of the people is still dont know what is digital currency or does it even exist. so lets just give time to crypto currency to be adopted by all.

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