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Author Topic: The future of the paper money  (Read 403586 times)
Nameless Coin
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March 14, 2016, 06:44:49 PM
 #401

I think it's too early to actually consider paper money obselete, it's usefulness certainly is less than before Credit/Debit Cards era and now most people use these but paper money still has advantages and acceptance among people "and I think it has a long time of use of paper money".

Paper money is vital in today's economy. Sure there are a lot of CC payments available but in today's economy many merchant still work with paper money.
So there will be the need of/for paper money for quit some time now.

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March 14, 2016, 07:38:45 PM
 #402

Paper money has decent future but overall it is mainly becoming digital and electronic methods, excluding bitcoin which is even higher IMO CreditCards and DebitCards are already rising on top of paper money in real life transactions.


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tn211
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March 14, 2016, 08:40:12 PM
 #403

The future of the paper money is very bad if you ask me due to the fact everything is gonna be digital soon or later.
Its just a matter of time in my opinion before it will happen.
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March 14, 2016, 10:18:56 PM
 #404

The future of the paper money is very bad if you ask me due to the fact everything is gonna be digital soon or later.
Its just a matter of time in my opinion before it will happen.

Okay, so lets say we did get rid of fiat currency today.

You think the #`s of transactions can hold for everyone with current network? I dont think so.. there needs to be a smaller side chain for daily transactions that dont add up to fees or people wont even consider using it.
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March 14, 2016, 10:21:04 PM
 #405

A lot of people using cards for shoping, another payment etc.. paper money now is not so actual. Most people using it for cheap things or for guaranting that it's not scam. huge disadvatage of paper money is that they can be falsify

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March 15, 2016, 01:08:44 AM
 #406

The future of the paper money is very bad if you ask me due to the fact everything is gonna be digital soon or later.
Its just a matter of time in my opinion before it will happen.

Okay, so lets say we did get rid of fiat currency today.

You think the #`s of transactions can hold for everyone with current network? I dont think so.. there needs to be a smaller side chain for daily transactions that dont add up to fees or people wont even consider using it.

A bigger problem compared to network capacity, would be the cost of accessing the network. You need to have at least a phone to access it. Not everybody can afford one.
On the other hand, all a homeless man has to do is extend his hand to receive a quarter.
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March 15, 2016, 09:05:26 AM
 #407

Paper money is always good. And will be always many used even in the future. And that is very good. Many people must use it.
Some people are dont even know Bitcoin and how do you wanna disappear the paper money. It is impossible.
goinmerry
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March 15, 2016, 10:21:36 AM
 #408

Paper money is always good. And will be always many used even in the future. And that is very good. Many people must use it.
Some people are dont even know Bitcoin and how do you wanna disappear the paper money. It is impossible.

Very right for that Sir. It is really impossible. Bitcoin could be adopted and used also an investment. But as of some people that dont know about it and dont have knowledge to do this it will be hard for them.
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March 15, 2016, 10:51:37 AM
 #409

Paper money will not disappear, but it will reduce of course. We all know that Bitcoin will be more used in the future.
And that is very good because the world is becoming more digital and that is very good also for Bitcoin.
yeah I also agree with you. paper money will not disappear. but maybe just a little or a few people only were wearing it. usually only the parents or old guy who use them


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March 15, 2016, 11:52:32 AM
 #410

Just don't forget about power outages and offline periods... There's always a need for backup system and paper money can be that

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March 15, 2016, 12:58:29 PM
 #411

I think the jump of money from paper to digital money is a step forward for the currency in general, it's like how it used to be gold and then changed to paper, Paper money is still of major importance now so it's not a total change...
ajun96
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March 15, 2016, 03:54:12 PM
 #412

Paper money is always going to be needed in the future. Many people still don't even know what a Bitcoin is. In addition, many of the world's economies rely on printing it's own money. What we might see is a state sponsored altcoin to compete with Bitcoin. Banks are not in favor of Bitcoin.
come on people started to become modern the growth of technology and the times will change everything. all will be modern and versatile instant. something physical such as coins or paper money will start to disappear. although we do not like it. we have to admit that it might happen mate


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March 15, 2016, 04:15:30 PM
 #413

I think the end of the paper money is in our sight, I think in about 10 years there only will be digital money and not cash anymore.
So the future of the paper money will end soon or later no doubts about that if I´m honest.


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March 15, 2016, 04:18:31 PM
 #414

Paper money is always good. And will be always many used even in the future. And that is very good. Many people must use it.
Some people are dont even know Bitcoin and how do you wanna disappear the paper money. It is impossible.
think of fiat money will be immediately accepted by everyone when the days of yore. when the barter system still exist? of course there needs to be a process. as well as with bitcoin. bitcoin need process to be spread to all corners of the world. it took a long time to be recognized bitcoin worldwide Cheesy

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March 16, 2016, 05:20:38 AM
 #415

Paper money is always going to be needed in the future. Many people still don't even know what a Bitcoin is. In addition, many of the world's economies rely on printing it's own money. What we might see is a state sponsored altcoin to compete with Bitcoin. Banks are not in favor of Bitcoin.

Yes the future of paper money is safe and it don't have any threat from bitcoins even now and not even in future as if you compare the uses of bitcoins with fiat then you can get your answer very easily and its never easy to disappear the paper money so easily.
I would say that may only be a few people who use paper money. banknotes will remain valuable even though. I'll admit that digital era where all financial transactions will be completely wiht online. the proof is already visible when you use a credit card for the transaction. for most people rarely carry cash in their wallet. is true
The fact is that the paper money contain a national’s identity, so the nations will strive for the maintenance of its currency, and will leave remain it on certain places of the state.

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March 16, 2016, 05:35:46 AM
 #416

Paper money is always going to be needed in the future. Many people still don't even know what a Bitcoin is. In addition, many of the world's economies rely on printing it's own money. What we might see is a state sponsored altcoin to compete with Bitcoin. Banks are not in favor of Bitcoin.

Yes the future of paper money is safe and it don't have any threat from bitcoins even now and not even in future as if you compare the uses of bitcoins with fiat then you can get your answer very easily and its never easy to disappear the paper money so easily.
I would say that may only be a few people who use paper money. banknotes will remain valuable even though. I'll admit that digital era where all financial transactions will be completely wiht online. the proof is already visible when you use a credit card for the transaction. for most people rarely carry cash in their wallet. is true
The fact is that the paper money contain a national’s identity, so the nations will strive for the maintenance of its currency, and will leave remain it on certain places of the state.

They could also create their own digital money to keep the integrity of their currency as a national identity.
Most paper that you will see in the future is kept in a museum or located in their national banks.
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March 16, 2016, 08:07:15 AM
 #417

I think the end of the paper money is in our sight, I think in about 10 years there only will be digital money and not cash anymore.
So the future of the paper money will end soon or later no doubts about that if I´m honest.

You are honest about your opinion though. But that is not everybody's way of thinking. I dont think it will be erased in our sight like you said. You are thinking about the average class of people and the rich people. But have you thought about the poor ones? Try to go to that reality first then come back again and tell me what you think.
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March 16, 2016, 10:40:35 AM
 #418

Paper money will of course exist in the future. And that is just impossible to happen that it will disappear.
Bitcoin is of course more used in the future and that is good. But many people also need their paper money.
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March 16, 2016, 10:45:23 AM
 #419

Paper money will of course exist in the future. And that is just impossible to happen that it will disappear.
Bitcoin is of course more used in the future and that is good. But many people also need their paper money.

Well if you look at some futuristic movies theres no paper money there and thats where we are heading right now.
We are evolving to a digital world you might not agree with me but in reality thats were we are heading.

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March 16, 2016, 10:55:57 AM
 #420

Paper money will of course exist in the future. And that is just impossible to happen that it will disappear.
Bitcoin is of course more used in the future and that is good. But many people also need their paper money.

Well if you look at some futuristic movies theres no paper money there and thats where we are heading right now. We are evolving to a digital world you might not agree with me but in reality thats were we are heading.

As to me, the best movie about a cashless society out there is In Time, where time is money, i.e. time left to live. The movie idea has numerous philosophic and economic implications and by far beats those of a digital decentralized money like Bitcoin...

In fact, I don't even know how to correctly describe such a monetary model

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