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Author Topic: The future of the paper money  (Read 412994 times)
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June 12, 2017, 12:58:31 PM
 #3701

Paper money will exist, because you need a backup option for a global catastrophe or breakdown of the Internet.

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June 12, 2017, 01:05:19 PM
 #3702

Paper money will only burden the state budget, the cost to make paper money is very expensive, in order to reduce the use of paper money, many state governments are calling for the use of debit or credit card, as well as not complicated in transactions, also safe from robbery, I think paper money in The future of its use will decrease
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June 12, 2017, 01:18:04 PM
 #3703

the future course of the forest and the tree gets harder, we all know that the raw material is paper tree, currently many countries are reducing the pengguaan of the paper so I had foretold the future of paper money will disappear.


That problem is easily resolved as there are many other options that can be used for producing paper money so i don't think that would be an issue.  Its the value of paper money that is in question though most of us think here that paper money would endure whatever challenges it face in the future.



paper maoney will always have a value it represent one country history and their government will not allow to lose it. Bitcoin can be only a big help to us user bit will not changed the way we use paper money.
I estimate the paper money will be fine and remain for the future, if talking about paper and trees as the main ingredient I think money will not go extinct, if you want to reduce the use of paper to keep the trees, better reduce the making of books and newspapers first and switch to using the Internet as an alternative to books and newspapers. So the existence of paper money will remain and will be fine.

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June 12, 2017, 01:21:43 PM
 #3704

Paper money will only burden the state budget, the cost to make paper money is very expensive, in order to reduce the use of paper money, many state governments are calling for the use of debit or credit card, as well as not complicated in transactions, also safe from robbery, I think paper money in The future of its use will decrease
That's not costly to the government because they collecting taxes from us, also they cannot sacrifice the safety over anything else because with paper money they can control it and supervise banks to ensure they are operating based on the standard the government has set.
We can choose between decentralized and centralized monetary system but I am sure in the end it is the centralized system will win.

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June 12, 2017, 01:22:06 PM
 #3705

Paper money will only burden the state budget, the cost to make paper money is very expensive, in order to reduce the use of paper money, many state governments are calling for the use of debit or credit card, as well as not complicated in transactions, also safe from robbery, I think paper money in The future of its use will decrease

The government has long been trying to combat the use of paper money. This kind of money is supported by crime. Complete anonymity when using them makes the government powerless in the fight against bandits. That is why in the future the use of such money will be significantly reduced

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June 12, 2017, 01:32:12 PM
 #3706

The period of paper money began to be threatened by coin coins, I still like the paper money. Bitcoin will turn it all into a very valuable coin coin.

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June 12, 2017, 01:42:40 PM
 #3707

In my opinion the world is heading towards cashless societies, it is getting easier in almost every country to send and receive money for different things. Online banking, debit and credit cards, mobile money, payment platform like skrill and PayPal, bitcoins and it's many alts.

Some people in the financial sector have expressed their wish that cash disappears and all transactions are made using electronic money. At the same, many people are trusting less and less the banks. Some people even don't save their money in bank accounts but other places like a safe in their home.

Cash will stay for a while yet, but it's influence and use will decrease with time.
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June 12, 2017, 03:26:12 PM
 #3708

Paper money will continue to diminish its use in future. Because government itself through banks has brought innovation credit card or other cards. Making payments without paper money has occurred in many countries around the world, and thats a fact.

Exactly, digital currencies are taking over as governments around the world seem to be implementing the cashless society policy. I strongly believe the fiats are going to substituted by Bitcoin or any form of digital currency but i can't tell if it will be possible in the near future.



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June 12, 2017, 03:32:59 PM
 #3709

If you meant paper money as in the physical bill, it's slowly on the path to being irrelevant. I mean, even in my third world country I don't carry as much cash as before. It's far easier to just swipe a card.

Now if you meant paper money as in the money the government prints out, don't get hopes to high. They might stop printing money but they'd probably just digitize their fiat currency. It's their instrument of control. They're not letting go of it easily.

Actually they might be the ones to push for stopping printing cash. With every economic transaction being handled by bank, they'll have more control of people's finances than ever before.
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June 12, 2017, 04:21:06 PM
 #3710

Paper money will only burden the state budget, the cost to make paper money is very expensive, in order to reduce the use of paper money, many state governments are calling for the use of debit or credit card, as well as not complicated in transactions, also safe from robbery, I think paper money in The future of its use will decrease

I don't see why paper money will "burden" the state's budget. The cost to make paper money surely don't cost a lot because if so, then we're basically burning resources in order to make paper money which isn't good for the economy at all. Even with the debits and credit cards floating around, there's paper money equivalence of those balance. Or at least they should have.

In terms of complications in transactions, paper money surely is the simplest one as opposed to cards. From robbery, cards aren't that safe too. Someone can simply take a picture of your card and they can use it to purchase things online. Sometimes you think you're safe, but you're not. The details needed to spend online the money in your card are all printed on the card.

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June 12, 2017, 09:18:09 PM
 #3711

Paper money will continue to diminish its use in future. Because government itself through banks has brought innovation credit card or other cards. Making payments without paper money has occurred in many countries around the world, and thats a fact.
yes online payment and Visa card extra are good examples of it. in future we can expect that government will surly start thinking about making bitcoin as legal currency, at least they will start thinking about to create their own crypto currency which they will use for their own country and which will be in their control
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June 12, 2017, 10:37:57 PM
 #3712

To me, future of paper money is still okay and crypto currencies can't affect it negatively. The inflation might be high as the only problem for it.
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June 13, 2017, 12:11:42 AM
 #3713

To me, future of paper money is still okay and crypto currencies can't affect it negatively. The inflation might be high as the only problem for it.

But it's still worth it, there are really a lot of future in btc yet paper money already show its usage and importace that it can't take away from us to use it in anyway possible.

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n0ne
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June 13, 2017, 12:38:05 AM
 #3714

Paper money will continue to diminish its use in future. Because government itself through banks has brought innovation credit card or other cards. Making payments without paper money has occurred in many countries around the world, and thats a fact.
yes online payment and Visa card extra are good examples of it. in future we can expect that government will surly start thinking about making bitcoin as legal currency, at least they will start thinking about to create their own crypto currency which they will use for their own country and which will be in their control
However the Countries show interest on digital currency and digitize the financial system paper money will be used, only the usage volume might get decreased. Even with Countries that show interest on digital currency just have digitalized paper money. Bitcoin is something apart from this. Paper money is the base of financial system, so it will be used forever.


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Wong Gendheng
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June 13, 2017, 01:14:23 AM
 #3715

I'm sure the future of paper money soon to dissapear, this is because paper money many disadvantages, the most important is paper money is easy to forge.

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darkfriend77
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June 13, 2017, 01:23:34 AM
 #3716

The future of paper money is safe and secure and I don't see any threat from bitcoins as bitcoin is not too popular at a moment and even the user of bitcoin are very few in compare to fiat money and in future the scenario would be the same.
Fatanut
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June 13, 2017, 05:47:16 AM
 #3717

Paper money will continue to diminish its use in future. Because government itself through banks has brought innovation credit card or other cards. Making payments without paper money has occurred in many countries around the world, and thats a fact.
yes online payment and Visa card extra are good examples of it. in future we can expect that government will surly start thinking about making bitcoin as legal currency, at least they will start thinking about to create their own crypto currency which they will use for their own country and which will be in their control
However the Countries show interest on digital currency and digitize the financial system paper money will be used, only the usage volume might get decreased. Even with Countries that show interest on digital currency just have digitalized paper money. Bitcoin is something apart from this. Paper money is the base of financial system, so it will be used forever.

And it will continue to be like that for a very long time. The government will not start using crytocurrencies because the nature of cryptocoins alone, which is being decentralized, is something the government don't want. And there's basically no point for them to create another cryptocoin for their local currency since they already have digital fiat. It will just be a waste of time and resource to their end as well as to their people's end.

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Himanshu111
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June 13, 2017, 06:08:42 AM
 #3718

I don't think that paper currency is facing any competition from Bitcoin as it is possible to buy commodities with a mall amount of paper money but small transactions in Bitcoin are not profitable because of high transaction fees. Moreover, government would not allow a decentralized Bitcoin to replace centralized paper currenct, something whose flow they can regulate.

wahb
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June 13, 2017, 06:57:36 AM
 #3719

The future of paper money is safe and secure and I don't see any threat from bitcoins as bitcoin is not too popular at a moment and even the user of bitcoin are very few in compare to fiat money and in future the scenario would be the same.
in fact the future of paper money is more brightened and secure. because the number of bitcoin users are increasing from time to time and making bitcoin more powerful. people  have already started using bitcoin for online shopping and even in some places they are using it for shopping in offline shops. for example in Brazil there are more than dozen shops who are accepting bitcoin for shopping. we can expect that very soon we will become able to use bitcoin in local shops in any part of the world.
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June 13, 2017, 06:58:13 AM
 #3720

I don't think that paper currency is facing any competition from Bitcoin as it is possible to buy commodities with a mall amount of paper money but small transactions in Bitcoin are not profitable because of high transaction fees. Moreover, government would not allow a decentralized Bitcoin to replace centralized paper currenct, something whose flow they can regulate.

If you're a merchant, you don't have to worry about the profit in small transactions because it's the sender that's going to pay for the fee. Let's just look at the bright side of things. You can transact millions of money using bitcoins with very little amount of fees (although this very same fee looks high on microtransactions) and that's something that you can't easily do in fiat. In fiat, if you got a deposit of 1 million from someone, you'd be woken up by the bank agency asking where did the money come from.

The government can't do anything to anything against bitcoin in case it indeed prevails.

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