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Author Topic: The future of the paper money  (Read 403644 times)
Janation
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May 26, 2017, 10:43:26 AM
 #3601

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
That would be great, but there are still some problems transacting bitcoin. If the users blow up, the transaction of bitcoin will slow down, I mean super slow because there will be a lot of transaction that will happen. But I think that it may be solved by the devs, still, people will favor fiats than bitcoin, it can be accepted everywhere and can be sent all over the world quickly, but with fees.


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May 26, 2017, 09:32:34 PM
 #3602

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
Fiat is very likely to have a larger use in the near future since the people that know how to make money will share how they did it and with the Internet the information will be easily accessible causing more people to make fiat. Since there is material in fiat it is actually worth more than Bitcoin since Bitcoin is basically digital dust that is only built up by coding plus a bunch of numbers.

Bitcoin technology is what will begin the race for faster online payments.

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May 26, 2017, 11:58:32 PM
 #3603

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.
no i am not agree with you, i do not think  so. to me  i think still not more that 1% people are using bitcoin. and almost all the people of the world are using and depending on fiat. but everything can happen in future, therefore there are always chances that bitcoin will also overcome fiat. i think still we need to introduce bitcoin to such people and in such area, where people do not have good knowledge about bitcoin, and still they do not know about the  benefits of bitcoin.




   
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May 27, 2017, 03:32:29 AM
 #3604

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.
no i am not agree with you, i do not think  so. to me  i think still not more that 1% people are using bitcoin. and almost all the people of the world are using and depending on fiat. but everything can happen in future, therefore there are always chances that bitcoin will also overcome fiat.




It's around 5% in my estimate, big countries like japan, and USA  are using bitcoin, imagine how big their population is.
Also, don't forget about china, they have the biggest population and big miners are in their place.

 
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May 27, 2017, 08:09:15 AM
 #3605

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 it is true. Most of the governments will like to control currency and want to track all the transactions who has done what to protect the system. So as of now this is not possible in bitcoins because they can only trace the transactions but very difficult to find out who as done the transactions so paper or fiet money  will be there for ever
Controlling and manipulating bitcoin is much not tangible by the goverment because its transaction is through web and security and privacy is in the crypto-currency. So for me the future of the paper money continues because it is handled by the government not like to bitcoin that been develop by its developers. And legal issues may confirm because government does have the power to control bitcoin itself and its transaction is private to its users. And also there is always a fact that bitcoin needs fiat to its transaction because it may used on daily transaction.

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May 27, 2017, 02:37:47 PM
 #3606

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
Fiat is very likely to have a larger use in the near future since the people that know how to make money will share how they did it and with the Internet the information will be easily accessible causing more people to make fiat. Since there is material in fiat it is actually worth more than Bitcoin since Bitcoin is basically digital dust that is only built up by coding plus a bunch of numbers.

Bitcoin technology is what will begin the race for faster online payments.

The amount of fiat users will remain the same with or without the tutorials on the Internet regarding about how to make more fiat money. As a matter of fact, if you want to know how to make more fiat money, you should ask your government because they are making it non-stop. Fiat is just paper. It doesn't have any worth at all. The only reason why people are using it is because they thought it has a value. But it's just a tool. It's just how we measure a thing's price.

Bitcoin is just a digital data. Sure, correct. But what is it exactly? It's a revolutionary idea that can turn things upside down. People are giving out a major part of their salary to the goverment and that's mandatory. Bitcoin eliminates that. Bitcoin gives financial freedom, and innovation. If those things don't mean a lot to you, then I feel sorry for you.

Bitcoin is far more valuable than any fiat. Just look at the price of 1 bitcoin.

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May 27, 2017, 04:27:18 PM
 #3607

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
Fiat is very likely to have a larger use in the near future since the people that know how to make money will share how they did it and with the Internet the information will be easily accessible causing more people to make fiat. Since there is material in fiat it is actually worth more than Bitcoin since Bitcoin is basically digital dust that is only built up by coding plus a bunch of numbers.

Bitcoin technology is what will begin the race for faster online payments.

The amount of fiat users will remain the same with or without the tutorials on the Internet regarding about how to make more fiat money. As a matter of fact, if you want to know how to make more fiat money, you should ask your government because they are making it non-stop. Fiat is just paper. It doesn't have any worth at all. The only reason why people are using it is because they thought it has a value. But it's just a tool. It's just how we measure a thing's price.

Bitcoin is just a digital data. Sure, correct. But what is it exactly? It's a revolutionary idea that can turn things upside down. People are giving out a major part of their salary to the goverment and that's mandatory. Bitcoin eliminates that. Bitcoin gives financial freedom, and innovation. If those things don't mean a lot to you, then I feel sorry for you.

Bitcoin is far more valuable than any fiat. Just look at the price of 1 bitcoin.
I understand that everyone is very happy with those who participate in the life of the Crypto-currency, but also that hemlock, no one can say that he completely abandoned the paper money of another real currency. The fact is that basically the whole of the Real life forces mankind to use simple money and since some countries do not even want to even hear about crypto-currency, not to mention legalization, we do not even have to talk about this yet.

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May 27, 2017, 05:00:07 PM
 #3608

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.

You seem to be confusing something here

And the OP is not quite clear either, i.e. whether he erroneously refers to fiat as paper money or he actually means paper banknotes (that's what most people here think, me included). Anyway, government is really trying to diminish the use of paper money (bills). Some say it is because criminals love to use cash (another word for paper money), others are claiming that printing all these paper bills is pretty expensive (with this point I basically agree myself)

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May 27, 2017, 08:41:31 PM
 #3609

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.

You seem to be confusing something here

And the OP is not quite clear either, i.e. whether he erroneously refers to fiat as paper money or he actually means paper banknotes (that's what most people here think, me included). Anyway, government is really trying to diminish the use of paper money (bills). Some say it is because criminals love to use cash (another word for paper money), others are claiming that printing all these paper bills is pretty expensive (with this point I basically agree myself)
You really rightly noticed here that the government tries to make all the possible ways of making settlements between non-cash consumers, and even give some discounts, less interest or even bonuses, to those who can pay for example with a bank card, not with cash.

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May 29, 2017, 11:54:01 AM
 #3610

From my perspective, the future of paper money is safe, still people are interested in saving or spending paper money, people of many a countries still doesn't know either ATM or Bitcoin. They are using paper money every now and then, one thing should be considered that is, bitcoin is not so popular and available around the world so paper money's future still safe and sound.

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hanpoz
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May 29, 2017, 03:18:39 PM
 #3611

The fate of paper money is great and promising as lion's share of individuals think that its simple and advantageous to utilize it as it is utilized and acknowledged all over the place. Many people don't belvie on paper cash and believe that it's pointless and old mold however at my supposition it's greatly improved than advanced cash on many reasons. I believe it's anything but difficult to utilize. accurately advanced money will be significantly less demanding. You don't should be befuddled in the store and utilize it. in the event that you have a considerable measure of cash obviously you're setting off to the trouble of putting away paper money. as opposed to advanced cash
Gheka
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May 29, 2017, 03:51:07 PM
 #3612

From my perspective, the future of paper money is safe, still people are interested in saving or spending paper money, people of many a countries still doesn't know either ATM or Bitcoin. They are using paper money every now and then, one thing should be considered that is, bitcoin is not so popular and available around the world so paper money's future still safe and sound.
Yeah, I agree with your opinion, paper money will continue to exist and develop in the future because people in the world are using paper money in a very long time, it is very convenient, popular and accepted everywhere, nothing can replace or defeat it. Bitcoin is just a digital coin, it does not have too much influence on the future of paper money, it can not replace paper money because its value is unstable and very inconvenient, transaction confirmation time is very long and can not be traded without internet

PhucS
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May 29, 2017, 03:56:42 PM
 #3613

From my perspective, the future of paper money is safe, still people are interested in saving or spending paper money, people of many a countries still doesn't know either ATM or Bitcoin. They are using paper money every now and then, one thing should be considered that is, bitcoin is not so popular and available around the world so paper money's future still safe and sound.
Yes, even though Bitcoin is developing very strongly, the value is high, it still can not completely replace the paper money. In the future, I think paper money still plays an important part. Everyday spending, if using paper money, will be easier and easier. And like you said, not everyone knows about Bitcoin and how to use it, so paper money is still needed. The best thing is that Bitcoin and paper money will grow and go together

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Wintorez
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May 29, 2017, 06:05:28 PM
 #3614

From my perspective, the future of paper money is safe, still people are interested in saving or spending paper money, people of many a countries still doesn't know either ATM or Bitcoin. They are using paper money every now and then, one thing should be considered that is, bitcoin is not so popular and available around the world so paper money's future still safe and sound.
Yes, even though Bitcoin is developing very strongly, the value is high, it still can not completely replace the paper money. In the future, I think paper money still plays an important part. Everyday spending, if using paper money, will be easier and easier. And like you said, not everyone knows about Bitcoin and how to use it, so paper money is still needed. The best thing is that Bitcoin and paper money will grow and go together
I would not even write off the paper money and do everything because not all countries can switch to e-currency or digital currency at all. Perhaps it does not threaten poor countries at all.

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Flodemaga
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May 29, 2017, 06:44:05 PM
 #3615

Paper money really need to follow progress, with that said i do believe on the short time we all will be paying bills online, soo we wont need anymore to keep printing money that isnt a cheap thing at all, without paper people wont be able to reproduce the fiat, atleast i believe it should be impossible to make it with digital money.

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LittleDigger
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May 29, 2017, 06:46:47 PM
 #3616

From my perspective, the future of paper money is safe, still people are interested in saving or spending paper money, people of many a countries still doesn't know either ATM or Bitcoin. They are using paper money every now and then, one thing should be considered that is, bitcoin is not so popular and available around the world so paper money's future still safe and sound.
Yes, even though Bitcoin is developing very strongly, the value is high, it still can not completely replace the paper money. In the future, I think paper money still plays an important part. Everyday spending, if using paper money, will be easier and easier. And like you said, not everyone knows about Bitcoin and how to use it, so paper money is still needed. The best thing is that Bitcoin and paper money will grow and go together

Even if bitcoing gains massive popularity in future its hard to believe that paper money will disappear as there will be many bunch of people who will prefer to use paper money and not all places accepts digital mode of payments especially in poor countries where only paper money is the only option to buy goods and in that case people will always go for paper money to take care of their needs.

stergium
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May 29, 2017, 09:01:16 PM
 #3617

From my perspective, the future of paper money is safe, still people are interested in saving or spending paper money, people of many a countries still doesn't know either ATM or Bitcoin. They are using paper money every now and then, one thing should be considered that is, bitcoin is not so popular and available around the world so paper money's future still safe and sound.
Yes, even though Bitcoin is developing very strongly, the value is high, it still can not completely replace the paper money. In the future, I think paper money still plays an important part. Everyday spending, if using paper money, will be easier and easier. And like you said, not everyone knows about Bitcoin and how to use it, so paper money is still needed. The best thing is that Bitcoin and paper money will grow and go together

Even if bitcoing gains massive popularity in future its hard to believe that paper money will disappear as there will be many bunch of people who will prefer to use paper money and not all places accepts digital mode of payments especially in poor countries where only paper money is the only option to buy goods and in that case people will always go for paper money to take care of their needs.
currently it look like so but i think it depend on the interest of the people, if people are interested in bitcoin and they are not giving any importance to b paper money and if all the facilities are also available in bitcoin, then the importance of btcoin is really decreasing from time to time and i think very soon the concept of paper money will finish.
shadelockme
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May 29, 2017, 10:49:11 PM
 #3618

bunches of plausibility that paper cash will be evacuated on account of things that is going on right now, many organization as of now receiving digital money, charge card and heaps of different approaches to do bussiness however the question is how protected we are whether we are not holding it physically? I would prefer not to see my amazing child simply request that I have his/her own particular cc to confections, despite everything I need paper cash to exist exactly how we utilized it today.
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May 29, 2017, 10:54:51 PM
 #3619

Paper money may be something obsolete for many of us, but it may take a generation to people understand that something better already exists.
PhucS
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May 29, 2017, 11:18:24 PM
 #3620

From my perspective, the future of paper money is safe, still people are interested in saving or spending paper money, people of many a countries still doesn't know either ATM or Bitcoin. They are using paper money every now and then, one thing should be considered that is, bitcoin is not so popular and available around the world so paper money's future still safe and sound.
Yes, even though Bitcoin is developing very strongly, the value is high, it still can not completely replace the paper money. In the future, I think paper money still plays an important part. Everyday spending, if using paper money, will be easier and easier. And like you said, not everyone knows about Bitcoin and how to use it, so paper money is still needed. The best thing is that Bitcoin and paper money will grow and go together

Even if bitcoing gains massive popularity in future its hard to believe that paper money will disappear as there will be many bunch of people who will prefer to use paper money and not all places accepts digital mode of payments especially in poor countries where only paper money is the only option to buy goods and in that case people will always go for paper money to take care of their needs.
Yes, I think so, paper money has an important role in life, it has been around for a long time and in the future is still very necessary, many people prefer to use paper money more because ease of them. For poor countries, which do not have access to modern technology, paper money is even more important in the economy. And as you said, if Bitcoin is more widespread, cash will still exist because it seems unlikely to be replaced.

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