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Author Topic: The future of the paper money  (Read 403622 times)
Creepings
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May 25, 2017, 02:27:03 AM
 #3581

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.

Paper money will stay almost forever, how can you say that it will just last that short time? Without paper money or fiats, bitcoin is worthless, you even need to convert your bitcoin so you can use it efficiently especially in third world country where bitcoin is not really popular or known. Fiats will be replaced by digital currency if ttansactions are fast, if everyone wants to use bitcoin with anonymity and with bitcoin being centralized, and no one would like that.

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May 25, 2017, 02:36:46 AM
 #3582

Paper money will continue to be used forever, though Countries focus on digitalization of the entire economic system as well the currency. There are several nations that are in plans of generating their own digital token providing specific value and usage accessibility. Few has described it as an way of digitising the paper money. Paper money is the basic of money ecosystem, eliminating it will be a fall to entire currency network.



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May 25, 2017, 02:49:55 AM
 #3583

If you don't like freedom then paper money is not good for you. So I don't think paper money has a long future. That is my guess.

on the contrary paper money is what we have accustomed to use. it is negotiable in all merchants. so therefore it will still be utilise in the near future and i believe it can never be replaced by any kind of cryptocurrency,etc.

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May 25, 2017, 02:52:49 AM
 #3584

paper money still has its uses. For example, if a rapper wants to shoot a music video how is he going to show off his wealth? just kidding. i think paper money in the future will be more ornamental than functional. there may be several merchants that quit the usage of paper money altogether as the world moves onto digital currency.
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May 25, 2017, 03:23:16 AM
 #3585

If I wanted to purchase something that is off the Internet then I would try to use some kind of fiat instead of trying to purchase it with a Digital Currency because the people that manage the stores don’t really know about the whole Digital Currency thing as of yet. Bitcoin is not that well known and because of that fact, I don’t really like to spend it that much unless I wanted to get rid of the coins that I have in my Bitcoin account.

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May 25, 2017, 06:54:56 AM
 #3586

We were born in the era of paper money, and the history of internet technology has not reached all over the world. It took hundreds of years to make people into digital generation, in this case bitcoin is the latest innovation to bring about change in the future. I think paper and metal currencies will remain forever, even bitcoin will also adapt them.

   
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May 25, 2017, 07:31:21 AM
 #3587

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.

Paper money will stay almost forever, how can you say that it will just last that short time? Without paper money or fiats, bitcoin is worthless, you even need to convert your bitcoin so you can use it efficiently especially in third world country where bitcoin is not really popular or known. Fiats will be replaced by digital currency if ttansactions are fast, if everyone wants to use bitcoin with anonymity and with bitcoin being centralized, and no one would like that.

Way to go for seniority again. Fiat has been around first and people use it for so long. People got used to it already and so this new currency, the bitcoin, would have to adopt first. But let's say that we have bitcoin first, there's no way that fiat will replace it since people would think why would they want to have a currency that's totally controlled by the government. A currency like fiat will never prevail since the government can inflate it as much as they want and they can stop accepting it the moment they want to.

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May 25, 2017, 03:30:17 PM
 #3588

Paper money slowly will continue to diminish its use in public life. Advanced society and modern technology will help accelerate use of bitcoin. Paper money will evolve in better forms and facilities in the future.
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May 25, 2017, 03:35:16 PM
 #3589

Paper money slowly will continue to diminish its use in public life. Advanced society and modern technology will help accelerate use of bitcoin. Paper money will evolve in better forms and facilities in the future.

Paper money will decrease, but will not disappear completely. Many people like to feel real money in their hands and keep them in a safe because they do not trust the Internet any more.

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May 25, 2017, 09:45:01 PM
 #3590

Paper money will continue to be used forever, though Countries focus on digitalization of the entire economic system as well the currency. There are several nations that are in plans of generating their own digital token providing specific value and usage accessibility. Few has described it as an way of digitising the paper money. Paper money is the basic of money ecosystem, eliminating it will be a fall to entire currency network.
yes paper money will still continue to be use, but not for ever, i think it will depend on the interest of the people and the facilities that we can get from bitcoin. if people are taking interest in bitcoin and they are going to use bitcoin instead of fiat and bitcoin can also provide us asll the facilites that we are getting and using from bitcoin then bitcoin will become more and more popular and people will then stop using fiat and will start using bitcoin in daily life. but i think it will take some good time.
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May 25, 2017, 10:05:59 PM
 #3591

Paper Money might be used in the near future, I think that there would be a discount for using green-friendly items that allow people to pay using something other than fiat. If Bitcoin is one of the things that people will try to use in the near future then I would think that people would try to build apps that allow for a faster confirmation instead of what they have right now. Maybe they will be in direct contact with a Bitcoin miner.

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ArnoldChippy
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May 25, 2017, 10:17:28 PM
 #3592

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.

Paper money will stay almost forever, how can you say that it will just last that short time? Without paper money or fiats, bitcoin is worthless, you even need to convert your bitcoin so you can use it efficiently especially in third world country where bitcoin is not really popular or known. Fiats will be replaced by digital currency if ttansactions are fast, if everyone wants to use bitcoin with anonymity and with bitcoin being centralized, and no one would like that.
i think paper money will stay for a long time. tell people start using bitcoin or any other currency instead of fiat, and i think it can only be possible if bitcoin can provide you all the facilities that we are receiving from fiat, we are using fiat for completing all our necessary and is also accepted everywhere. but  think for bitcoin it is not so much possible as soon, i think it will take a lot of time when all the people of the world will start using bitcoin and when we will become able to use bitcon for everything in our life.

   
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May 26, 2017, 04:56:13 AM
 #3593

Paper money slowly will continue to diminish its use in public life. Advanced society and modern technology will help accelerate use of bitcoin. Paper money will evolve in better forms and facilities in the future.

Paper money will decrease, but will not disappear completely. Many people like to feel real money in their hands and keep them in a safe because they do not trust the Internet any more.

These people are delusional. We already have an advanced society, it is us, the Millennials. The modern technology, we already have that as well. Is is accelerating the mass adoption process? Kind of, but not really. Only those that are interested in bitcoins are using bitcoins right now.

Paper money will decrease? Oh my, have you guys ever heard of inflation? The government is making paper money out of thin air. You want to get a loan, the government would just swoosh their magic wand and Voila! there you go, tons of money from thin air. Paper money is continuously printed out today so you'd see that your currency is constantly devaluing.

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May 26, 2017, 05:37:26 AM
 #3594

I think paper money was not dissolve in the market. Although the value of paper money was fluctuating due to digital currency they still used by people as exchange of goods and services. Also, most of the people were not familiar to the digital currency that's why they still using the paper money.

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goldcoinminer
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May 26, 2017, 05:42:33 AM
 #3595

Paper money slowly will continue to diminish its use in public life. Advanced society and modern technology will help accelerate use of bitcoin. Paper money will evolve in better forms and facilities in the future.

Paper money will decrease, but will not disappear completely. Many people like to feel real money in their hands and keep them in a safe because they do not trust the Internet any more.

These people are delusional. We already have an advanced society, it is us, the Millennials. The modern technology, we already have that as well. Is is accelerating the mass adoption process? Kind of, but not really. Only those that are interested in bitcoins are using bitcoins right now.

Paper money will decrease? Oh my, have you guys ever heard of inflation? The government is making paper money out of thin air. You want to get a loan, the government would just swoosh their magic wand and Voila! there you go, tons of money from thin air. Paper money is continuously printed out today so you'd see that your currency is constantly devaluing.
That's not good, I am happy there is bitcoin who works completely different from the government. Decentralized
gives transparency and privacy to us people, with bitcoin they cannot control it and price will increase..
Also, it's not only currency but a big investment as well.

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May 26, 2017, 06:15:21 AM
 #3596

I think paper money was not dissolve in the market. Although the value of paper money was fluctuating due to digital currency they still used by people as exchange of goods and services. Also, most of the people were not familiar to the digital currency that's why they still using the paper money.
It is not about the value , but more to how bitcoin is uncontrollable .
Paper money will remain exist along with bitcoin.
If bitcoin was not decentralized and controllable it might could make paper money threatened and get disappeared.

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May 26, 2017, 06:55:34 AM
 #3597

I think paper money was not dissolve in the market. Although the value of paper money was fluctuating due to digital currency they still used by people as exchange of goods and services. Also, most of the people were not familiar to the digital currency that's why they still using the paper money.
It is not about the value , but more to how bitcoin is uncontrollable .
Paper money will remain exist along with bitcoin.
If bitcoin was not decentralized and controllable it might could make paper money threatened and get disappeared.
I do agree with your idea. Both of this things will exist in the future and nothing can make it disappear. WE still need paper money and the centralized system  to avoid scammer

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May 26, 2017, 07:37:19 AM
 #3598

The current payment system that has penetrated into the digital world, it is possible to get businesspeople to use bitcoin as a means of payment, and may weaken the users of paper money, and may switch to using bitcoin as a means of payment

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May 26, 2017, 08:09:48 AM
 #3599

I think, the future of paper money would soon disappear, this is because of the demands of the era requires all transactions transparent and decentralized like cryptocurrency.

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May 26, 2017, 10:34:28 AM
 #3600

I think, the future of paper money would soon disappear, this is because of the demands of the era requires all transactions transparent and decentralized like cryptocurrency.

I do not think so. Now about bitkoin knows not so many people as you think. And therefore the Fiat will exist for a long time. Probably 20 - 50 years, it certainly will still exist
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