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Author Topic: The future of the paper money  (Read 403525 times)
gabmen
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May 22, 2017, 11:24:14 AM
 #3561

the future of paper money, maybe just change in appearance but same rectangular form with faces of dead leaders and numbers. One thing that im very sure of a massive inflation nation by nation that will make higher notes worthless.

possible yes thoughif there would be changes it may not be an immediate change but gradual. people would have a hard time coping up with immediate changes especially with the financial market si its possible that what you say may be true but it will come in a long process

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May 23, 2017, 01:21:06 PM
 #3562

Paper money's future is still be the same because we needed it for less fortunate people, due to no capability of computer litteracy. We have to see to it that bitcoin can be more progressive in the future and it is already starting now, digital is the mode of spending in the future and cash money using paper will also be limited in usage. Bitcoin will be used only by those who are rich in bitcoin investments as well as it's litteracy of being a digital currency engagement.

That is a bit harsh, we need it for the less fortunate people? there are a lot of computer illiterate in the world, do you think that will stop them using such currency? And, why will they need to use a computer by the way if they can use it or either withdraw it in a bank or ATM machine. I think you are being ignorant on other people what might do, and the future of the paper money might be vague, but we all know that paper money will stay as it is. Bitcoin might not be a good currency if it's price continue to increase, it will be just an asset for investors, if you think of it, most people look at it, as an asset, not a currency.

Strongly yes? Look up digital divide and you'd know that these people are in no way going to use bitcoins unless they stop being computer illiterate. How are they going to use bitcoins without being computer literate first? Yep, you can convert your bitcoins to digital fiat and then cash it out using ATMs but what is he even going to cash out?

If the price of bitcoin continue to rise, then the people like us will be swimming in money while other people will try to follow what we've done. We diversified our investments so here we are, we now have a good asset. People look at bitcoins as an asset, but isn't fiat basically the same thing? People also invested in fiat so the value of your fiat was made.

When fiat gets out of the scene, bitcoin will finally be used as a currency. It's the point of bitcoin after all. It can stand alone and it can replace all these biased monetary system.


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May 23, 2017, 01:26:12 PM
 #3563

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.

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May 23, 2017, 02:53:08 PM
 #3564

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.
Paper currency is here to stay for the long haul and no matter how digitized we may become fiat will be used and it is really difficult to change the perception of humans to change their methods entirely.So that is what i think about this topic.
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May 23, 2017, 04:17:35 PM
 #3565

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.

Paper money might get replaced by some other physical form of money in the future (metal again or some new material), but physical money will never disapper, simply because it's impossible to digitalize literally everything, and there always must be a backup currency to make transactions in case of problems with the Internet/electricity/computer devices. Every form of money has it's own benefits and weaknesses and it's important to understand them to not get into some bad situation when you can't make any payments for some reason.

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May 23, 2017, 04:45:48 PM
 #3566

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

Yes it will still remain because its a global currency that almost all the country used. Paper money has a big role in this world. I think bitcoin will not replace it because some government didn't accept other type of money especially if its by technology.

Paper money has been in use for over 100 years and it is used everywhere in every corner and village of the world. Bitcoin is not used everywhere and its basic requirement is Internet and currently you will not find internet everywhere. For paper money to be vanish, and bitcoin taking over, needs a whole lot of infrastructures changes  in the world which is not possible in near future.

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May 23, 2017, 05:37:54 PM
 #3567

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

Yes it will still remain because its a global currency that almost all the country used. Paper money has a big role in this world. I think bitcoin will not replace it because some government didn't accept other type of money especially if its by technology.

Paper money has been in use for over 100 years and it is used everywhere in every corner and village of the world. Bitcoin is not used everywhere and its basic requirement is Internet and currently you will not find internet everywhere. For paper money to be vanish, and bitcoin taking over, needs a whole lot of infrastructures changes  in the world which is not possible in near future.

Yes, bitcoin will never replace paper money in this present generation. Maybe next generation it is possible but very tough to implement this in all over the world. Present generation all business is running based on this paper money. Still, bitcoin is not captured the internatinaol market. It is only famous for online gambling and trading. People not implemented in real life business.

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May 23, 2017, 06:01:03 PM
 #3568

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.
Paper currency is here to stay for the long haul and no matter how digitized we may become fiat will be used and it is really difficult to change the perception of humans to change their methods entirely.So that is what i think about this topic.

I agree with both of you here. Although other form of currencies are coming out these days, I think one that would stand out and endure would be paper money. People will always have the need to have a currency that they can physically hold in their hands and paper money basically has been the currency most of us have been used to. It would take a drastic change in society for this to change

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May 23, 2017, 06:50:41 PM
 #3569

When fiat gets out of the scene, bitcoin will finally be used as a currency. It's the point of bitcoin after all. It can stand alone and it can replace all these biased monetary system.

This is the point that most stubborn fiat proponents should carve or engrave on their glossy cortex

That Bitcoin can and will survive without any fiat sticking around. It would likely fare even better alone. The fact that Bitcoin is priced in some currency doesn't mean that it won't have any value when this currency is gone (and good riddance to it). It will either get priced in another currency or will become a currency itself and then our daily things will be priced in it, while its own value will map to the value of goods (i.e. how much 1 bitcoin can buy). Fiat in this "grand scheme of things" is simply an intermediary which just happened to be there

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May 23, 2017, 07:07:26 PM
 #3570

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.
Right. While on the planet there are places without computers and the Internet - paper money are going to be in demand. I believe that one day we will come to cashless world, not sure will it happen soon, but there is a question - will bitcoin be there? That's what I am wander about the most.

   
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May 23, 2017, 07:19:55 PM
 #3571

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.
Right. While on the planet there are places without computers and the Internet - paper money are going to be in demand. I believe that one day we will come to cashless world, not sure will it happen soon, but there is a question - will bitcoin be there? That's what I am wander about the most.
computer and internet is like oxygen now. and we cannot even think about the world without internet. therefore i am sure that  bitcoin will be present all the time and in every society, because in present time i think even the backward countries have the facilities of computer and internet. and that is the reason bitcoin is present in all over the world. the users of bitcoin are present in all over the world.
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May 23, 2017, 07:28:30 PM
 #3572

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

Yes it will still remain because its a global currency that almost all the country used. Paper money has a big role in this world. I think bitcoin will not replace it because some government didn't accept other type of money especially if its by technology.

I do not believe that paper money will stay forever.  Technology is advancing, just like metal money, paper money will become obsolete and be replaced by digital money.  Beside, it is more cheaper to have cashless society than releasing and creating paper money.

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May 23, 2017, 09:41:38 PM
 #3573

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.
i do not think that paper money will disappear so soon. it will continue for a long long time. until all the people of the world start using bitcoin. i think it can only be possible when everyone in the world may have all the facilities that we are already using and enjoying while using fiat, but i think it will really take some more time , because in most of the areas still people do not have facilities of bitcoin, because of the few number of bitcoin users.
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May 23, 2017, 09:52:31 PM
 #3574

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

Yes it will still remain because its a global currency that almost all the country used. Paper money has a big role in this world. I think bitcoin will not replace it because some government didn't accept other type of money especially if its by technology.
I will say that the future is of bitcoin and if other countries will see the value of bitcoin in the future and will see its importance then they will also adopt it and will legalize it for their citizens and will use bitcoin instead of fiat which they belong to.

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May 24, 2017, 02:54:21 AM
 #3575

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

Yes it will still remain because its a global currency that almost all the country used. Paper money has a big role in this world. I think bitcoin will not replace it because some government didn't accept other type of money especially if its by technology.
I will say that the future is of bitcoin and if other countries will see the value of bitcoin in the future and will see its importance then they will also adopt it and will legalize it for their citizens and will use bitcoin instead of fiat which they belong to.

On some countries bitcoin is still illegal, like for example china has restricted bitcoin users that results for panic selling last february that dumps the price of bitcoin to around 950 us dollars. what is china now decides to adopt bitcoin at this price? we could see it around 3,000 to 4,000 if that happend

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May 24, 2017, 03:09:42 AM
 #3576

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

Yes it will still remain because its a global currency that almost all the country used. Paper money has a big role in this world. I think bitcoin will not replace it because some government didn't accept other type of money especially if its by technology.
I will say that the future is of bitcoin and if other countries will see the value of bitcoin in the future and will see its importance then they will also adopt it and will legalize it for their citizens and will use bitcoin instead of fiat which they belong to.
There is no way to go but up, bitcoin is a success and small countries will follow in due time, I believe we just need to wait for a little time because we they can fully accept bitcoin. Trend of this world is going digital so there is a good chance massive adoption will happen when they will be aware and educated.

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Fatanut
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Activity: 728



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May 24, 2017, 07:03:25 AM
 #3577

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.
Paper currency is here to stay for the long haul and no matter how digitized we may become fiat will be used and it is really difficult to change the perception of humans to change their methods entirely.So that is what i think about this topic.

I agree with both of you here. Although other form of currencies are coming out these days, I think one that would stand out and endure would be paper money. People will always have the need to have a currency that they can physically hold in their hands and paper money basically has been the currency most of us have been used to. It would take a drastic change in society for this to change

It's already 2017 and the Millennials are already taking over. People don't settle with the traditional way of things anymore. People settle with the best thing for them. If they found bitcoin to be the best for them, then they'll use it. I'm a Millennial as well and 95% of my money is on bitcoin. The rest are converted in fiat just so I can survive since there's not much merchants in my place accepting bitcoin yet.

If more and more people use bitcoin, the only ones that will continue to use paper money are the older ones and those that don't have access to the Internet. Eventually, everyone will adopt to the situation, the older ones will die, and bitcoin will be used more than paper money.


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Zooplus
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May 24, 2017, 07:10:26 AM
 #3578

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.
Paper currency is here to stay for the long haul and no matter how digitized we may become fiat will be used and it is really difficult to change the perception of humans to change their methods entirely.So that is what i think about this topic.

I agree with both of you here. Although other form of currencies are coming out these days, I think one that would stand out and endure would be paper money. People will always have the need to have a currency that they can physically hold in their hands and paper money basically has been the currency most of us have been used to. It would take a drastic change in society for this to change

It's already 2017 and the Millennials are already taking over. People don't settle with the traditional way of things anymore. People settle with the best thing for them. If they found bitcoin to be the best for them, then they'll use it. I'm a Millennial as well and 95% of my money is on bitcoin. The rest are converted in fiat just so I can survive since there's not much merchants in my place accepting bitcoin yet.

If more and more people use bitcoin, the only ones that will continue to use paper money are the older ones and those that don't have access to the Internet. Eventually, everyone will adopt to the situation, the older ones will die, and bitcoin will be used more than paper money.
You played a risky game, 95% is too risky but I will not blame for that because currently you are getting
more benefits than diversifying that amount.

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batang_bitcoin
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May 24, 2017, 07:20:09 AM
 #3579

Other thinks that paper money will be disappear soon but others paper money will helps a lot of our economics maybe it will change the appearance of the interface of money year by year but it will never be died or else disappear.

Actually I'm thinking that paper money will be obsolete very soon. But I know that there will be other plans for the paper money in each country. And the people will always be familiar and used to use paper money for buying goods. There are people that will not accept such as virtual money like bitcoin so they will stick to paper money.

Pemburu1
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May 24, 2017, 07:21:53 AM
 #3580

governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
Yes I really agree with you

Where technology continues to grow.
Where everyone will need technology wherever and whenever people no longer use paper money to buy goods or any shopping.
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