The future of the paper money

[jaysabi]

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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[deisik]

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

[Dontme]

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.

[Fireblade]

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.

[grermezter]

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.

[Questat]

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.

[BeGoods]

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

[Nevis]

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

[vok-wok_hok]

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.

[Ziskinberg]

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.

[basesaw]

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.

[toanle098]

There are some situation that cash(paper money) can do it job better than digital money.
I think that it will exists as long as we trade things (which means for a long time)
Its popularity maybe can be less than now but it can not disappear.

[investinator]

There are some situation that cash(paper money) can do it job better than digital money.
I think that it will exists as long as we trade things (which means for a long time)
Its popularity maybe can be less than now but it can not disappear.

Paper money works offline so there will always be a place for it as you say. Bitcoin's area will be in cross border transactions and online payments.

[kevinn669]

There are some situation that cash(paper money) can do it job better than digital money.
I think that it will exists as long as we trade things (which means for a long time)
Its popularity maybe can be less than now but it can not disappear.

Paper money works offline so there will always be a place for it as you say. Bitcoin's area will be in cross border transactions and online payments.

Bitcoin is like a virtual cash. Bitcoin is as anonymous as paper money.
I think that money will exist for a very long time, especially in poor countries

[jonnybravo0411]

There are some situation that cash(paper money) can do it job better than digital money.
I think that it will exists as long as we trade things (which means for a long time)
Its popularity maybe can be less than now but it can not disappear.

Paper money works offline so there will always be a place for it as you say. Bitcoin's area will be in cross border transactions and online payments.

Bitcoin is like a virtual cash. Bitcoin is as anonymous as paper money.
I think that money will exist for a very long time, especially in poor countries

And indeed Bitcoin is a virtual currency, especially since it is a currency for a certain circle of people who work in the sphere in cryptography and therefore it is good to use crypto currency. Paper money is a completely different sphere and another society which has every reason to believe that this is a very suitable best option for them. Most of all people on the planet will still choose to use paper money.

[whizter]

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.

yes paper money will continue for a long time. because still not a single country consider bitcoin as legal currency, and still the number of bitcoin users are very low, therefore all the facilities that we have using fiat are not available in bitcoin, it will take a lot of time when all the people of the world will be using bitcoin. therefore those people who are using bitcoin also using fiat for fulfilling their needs and they are using bitcoin as an optional.

[Skylake]

paper wallet is the best way to earn money for goverment, lower cost and highly value

[Pattart]

There are some situation that cash(paper money) can do it job better than digital money.
I think that it will exists as long as we trade things (which means for a long time)
Its popularity maybe can be less than now but it can not disappear.

I agree with you maybe the popularity of paper money will decrease. But it will not make paper money disappear. Because you believe in some things will definitely need paper money

[planfox]

There are some situation that cash(paper money) can do it job better than digital money.
I think that it will exists as long as we trade things (which means for a long time)
Its popularity maybe can be less than now but it can not disappear.

I agree with you maybe the popularity of paper money will decrease. But it will not make paper money disappear. Because you believe in some things will definitely need paper money

The popularity of paper money will decrease, because they are already at the final stage of existence. Time will come and all countries of the world will switch to digital currency. Maybe this will happen in the next 20 years

[MMA]

There are some situation that cash(paper money) can do it job better than digital money.
I think that it will exists as long as we trade things (which means for a long time)
Its popularity maybe can be less than now but it can not disappear.

Paper money works offline so there will always be a place for it as you say. Bitcoin's area will be in cross border transactions and online payments.

Bitcoin is like a virtual cash. Bitcoin is as anonymous as paper money.
I think that money will exist for a very long time, especially in poor countries

And indeed Bitcoin is a virtual currency, especially since it is a currency for a certain circle of people who work in the sphere in cryptography and therefore it is good to use crypto currency. Paper money is a completely different sphere and another society which has every reason to believe that this is a very suitable best option for them. Most of all people on the planet will still choose to use paper money.

to me i think the society of bitcoin is increasing from time to time and hope that very soon that member of bitcoin society will be available in all parts of the world. as the users of bitcoin are increasing from time to time which is also making bitcoin more and more popular which is also causing the increase in the popularity of bitcoin, which s attracting more people toward itself.