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Author Topic: The future of the paper money  (Read 412994 times)
Fatunad
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September 11, 2017, 02:28:26 PM
 #4181

you can't imagine the world without paper money, it is impossible to ban paper money for ever. do you know how many people are using plastic money and card?
I think this number is very small in comparison to the whole population. and virtual currency also being used by the small number of people. most of the people are feeling comfortable to keep or use paper money still now. regarding paper money, only security is the problem in order to carry out, but for me, still, there is nothing to be a replacement for paper money. so it will last for ever.

I can consider a card being plastic since it is really plastic, but when it comes to money, I wonder what country uses plastic money.

People are using paper money because it is the currency the are used to use, maybe if they knew bitcoin and other digital currencies, they will be interested to use them not because they are pretty efficient but also pretty volatile that can give them good profit in a short time.
People would really prefer always on using paper money because they are being used already since they do gain will on their entire life. Replacing it easily would be hard and might really takes time even how the technology evolves i do strongly believe that we would still stick into this traditional way and im sure government wont really let this thing to happen easily.Future of paper money would really be still the same.

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September 11, 2017, 02:44:14 PM
 #4182

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


The paper money will exist forever because no matter how many bitcoin we have keep in our wallet in the end we will  convert it into cash. Many people around the globe dont know how to use bitcoin and they dont know how it works especially the uneducated or the poor who not even know how to use computer for digital transactions.
For a longer time maybe but not forever, this world will change and we are going to live a more faster life because of the convenience the technology has brought. Innovation after innovation will happen and if we do not want to be left behind we need to adopt, it will not happen abruptly but slowly the world is changing.
Sure, nothing is forever, however I think until the moment the paper money no longer exists, we also no longer exist, so the future of paper money with us no longer important, we also can not see it. At present, paper money is still very popular and convenient, I do not see any signs of decline, using paper money has become a habit, we are difficult to change this habit, want to change, we will need to go through the centuries and I do not think we can live to that moment

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September 11, 2017, 02:53:13 PM
 #4183

Paper money was disappering even before bitcoin, now with all the crypto moneys, i dont see any future for paper...

Future of paper money is foreseen by anyone who's into crypto currency or a person that is expert in finance. Too sad that the money that we used to use before since we were a child is now going to be gone in the future. Seeing PayPal before is the start of it and now crypto currency is another way to make those paper money gone.

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September 11, 2017, 03:45:58 PM
 #4184

you can't imagine the world without paper money, it is impossible to ban paper money for ever. do you know how many people are using plastic money and card?
I think this number is very small in comparison to the whole population. and virtual currency also being used by the small number of people. most of the people are feeling comfortable to keep or use paper money still now. regarding paper money, only security is the problem in order to carry out, but for me, still, there is nothing to be a replacement for paper money. so it will last for ever.
Indeed that is what i also think about the paper money. It is impossible for the paper money to be ban or not used by the people around the world because paper money is one of the most important thing for a person and if paper money will be ban and if it is going to be replaced by the virtual currencies then it might just be a chaotic situation because of the not sureness of its value because of volatility.
Agree, I was not believe that paper money of each country will diminish. Because each nation set a paper money to symbolize their country and their value of their currency. However, even bitcoin is international currency I think it takes so many years before bitcoin erase the paper money or else nothing.
Oh LOL! The future Bitcoin replace and make paper money disappear still very far, maybe I say that future is impossible happening in this century. Because the definition about cryptocurrency still ambiguous for many people on the world. If you want that future become the truth, you need change their thought about crypto first.

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September 11, 2017, 04:40:47 PM
 #4185

Everyone wants a certainty, with the banknotes they grasped hands or credit card as well. Credit cards are difficult to hack, but still compromised account, as you think people there believing sure sure that BTC or cryptocurrency ?



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September 11, 2017, 07:57:20 PM
 #4186

this might happen in the future, since the production cost of making money is greater than the actual amount of the paper bill.

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September 11, 2017, 08:15:23 PM
 #4187

Paper money was disappering even before bitcoin, now with all the crypto moneys, i dont see any future for paper...

Future of paper money is foreseen by anyone who's into crypto currency or a person that is expert in finance. Too sad that the money that we used to use before since we were a child is now going to be gone in the future. Seeing PayPal before is the start of it and now crypto currency is another way to make those paper money gone.

I don't think that the paper money will gone soon, maybe we have a crypto currency or paypal, but it is another way to pay what we want, but cash is always here and for our future, it will not change ,paper money is still we need for our daily needed.

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September 11, 2017, 11:38:54 PM
 #4188

all paper-related newspapers, magazines, books to money will be destroyed. sooner or later it will be replaced with a digital system, at least 50 more years paper money will be disappear.

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September 12, 2017, 02:27:38 AM
 #4189

all paper-related newspapers, magazines, books to money will be destroyed. sooner or later it will be replaced with a digital system, at least 50 more years paper money will be disappear.
Paper money will not disappear and it will just have an additional thing and that is the digital system and the digital currencies so the world will have a choice to make things faster like paying offline and online. Paper money is already here even in the first improvement of the world so it will stay for more years and it will not disappear.

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September 12, 2017, 11:40:56 AM
 #4190

Paper money was disappering even before bitcoin, now with all the crypto moneys, i dont see any future for paper...

Future of paper money is foreseen by anyone who's into crypto currency or a person that is expert in finance. Too sad that the money that we used to use before since we were a child is now going to be gone in the future. Seeing PayPal before is the start of it and now crypto currency is another way to make those paper money gone.

I don't think that the paper money will gone soon, maybe we have a crypto currency or paypal, but it is another way to pay what we want, but cash is always here and for our future, it will not change ,paper money is still we need for our daily needed.

We don't have an idea on when it will be gone. If you are aware of the cashless society the future of paper money will be changed by those payment methods that we are using now. The idea is there and it's like a hint that we have a fast innovation and technology keeps on upgrading so I wouldn't doubt if one day every transactions doesn't need paper money anymore.

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September 12, 2017, 11:43:23 AM
 #4191

I think that paper money can't dissappear, because there always will remain people who don't trust these 1s and 0s and prefer matter. Just like books won't be replaced by electronic books totally. However, maybe paper money will become some sort of a rare thing and most of people will use cryptocurrencies.
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September 12, 2017, 11:47:05 AM
 #4192

I don't see bitcoin turning in something you can hold in your hand. Because it's like a internet thing. I think in the future there will be no more paper or coins. Probably just creditcards and online payment.
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September 12, 2017, 02:50:53 PM
 #4193

I think that paper money can't dissappear, because there always will remain people who don't trust these 1s and 0s and prefer matter. Just like books won't be replaced by electronic books totally. However, maybe paper money will become some sort of a rare thing and most of people will use cryptocurrencies.
I think that paper money can disappear. Everything the central bank would have to do is to say that after a certain date it's no legal form of currency anymore.
India did something similar like that last year.
Of course, within the next ten years that is not going to happen. But the percentage of payments that is done in a digital form is increasing every year.
There will come a day when most people would not even take notice if cash is removed by the central bank.

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September 12, 2017, 03:04:28 PM
 #4194

In every decades in the world, from the very start of the world their are different transactions that created by different people. They start transactions through exhanging products, then through gold, silver, bronze, after that through money. Their are evolution of transactions from the old times until now. So, I believe that if all nations accept bitcoin in their own countries then that will be the way that bitcoin will become the main currency of the world. Their is big tendency that paper money will remove soon.

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September 12, 2017, 03:16:06 PM
 #4195

Paper money will exist in any case in a Third World countries

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September 12, 2017, 04:49:33 PM
 #4196

I am sure that whenever paper money will continue to be used, this is because the central bank and the state will protect paper money.
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September 13, 2017, 03:13:39 PM
 #4197

Paper money being banned entirely will be impossible,then if it will happen im pretty sure by that time government will be out also.Even if bitcoins will gain more popularity and praises from users and people in future paper money will never be gone ,
I don’t know why these people that claims to be experts says rubbish. If you’re an expert you should know by now that nothing will ever make paper money get banned. The world needs a physical form of money that can be used for transaction and not carrying their phone to do a transaction of $1. That’s stupid.

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September 13, 2017, 06:17:38 PM
 #4198

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.


Well I think they are not interested cause they dont see any potential in bitcoin ehich they can control bitcoin is centralized all the money that each of the forum user has been earning were distributed by their hands not with a certain leaders  think thats the reason why governments dont see bitcoin for coopertive act toward a change.

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September 13, 2017, 06:27:14 PM
 #4199

Now a days people are already adopting digital payment system..thus...I think in future the paper money will soon disappear and it won't necessarily mean that the digital currencies will take over... Cuz they are not stable thus not more people will invest in this... Considering long term investments.
Security will increase for sure...until and unless...u don't mess with a hacker offcourse... Some people are preety good at that stuff.... Also its man made thus its for sure gonna have loop holes that some other more intellectual person is gonna exploit.

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September 13, 2017, 06:27:25 PM
 #4200

Paper money will stay and believe me it will not go away, if you refer to as cryptocurrency will be accepted? I dont know but it will stay for sure, now we are in the world of cryptocurrency and we will stay strong on it, eventually one of them will surely be used in real world usage, however in these times I dont have positive thoughts about crypto because the price is hard manipulated, but eventually I think maybe crypto in combination with paper money will be used but something physical is always trusted more I can say.

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