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Author Topic: The future of the paper money  (Read 403540 times)
Rinder
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March 16, 2016, 12:47:59 PM
 #421

Nobody really like to carry those currencies and coins in their pockets IMO. It isn't that safe, many will debate about carrying credit cards, even then at some point we will have to withdraw or pay our bills with cash. But if digital currencies come into existence there won't be any hassle IMO.


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March 16, 2016, 01:38:58 PM
 #422

Nobody really like to carry those currencies and coins in their pockets IMO. It isn't that safe, many will debate about carrying credit cards, even then at some point we will have to withdraw or pay our bills with cash. But if digital currencies come into existence there won't be any hassle IMO.

That would be a great comfort for all of us. Digital currencies like bitcoin can be used in that part of living paying bills, game buying and some that can be done online. But regarding paper money that is paid in stores outside that should stay like that. Money should still be physically seen.
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March 16, 2016, 03:58:21 PM
 #423

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.

We are heading towards technology. At the same time everything can't be changed to digital environment. One such thing is paper money, however technological evolution takes place Usage of paper money will not be stopped.

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March 16, 2016, 03:59:59 PM
 #424

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.

We are heading towards technology. At the same time everything can't be changed to digital environment. One such thing is paper money, however technological evolution takes place Usage of paper money will not be stopped.

We are on the age were technology is ahead, and besides we have bitcoin now so the future of the paper money is bitcoin, online money.



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March 16, 2016, 04:13:22 PM
 #425

Paper money will never disappear, many people use it and that is very good. It is their money that they use so it is important for them.
Of course we can see that the Bitcoin will be more used now and that is also very great to see.
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March 16, 2016, 04:23:00 PM
 #426

The future of the paper money is not so good, because I think the paper money is gonna disappear in country's.
Not only because of the bitcoin but also because even the biggest currency's are gonna get fully digital in the future.
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March 16, 2016, 05:04:38 PM
 #427

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.

Youre absolutely right on that.

Paper money has always will be forever here to stay. But there will be a time when this falls all on us, because of other peoples politicians mistakes esp mis handling the whole u.s. deficit.

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March 16, 2016, 05:50:33 PM
 #428

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
Yes, I also agree that when all the systems will shifted to digital and all the transactions are going to happen through online system then bitcoin will replace fiat on a large scale.
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March 16, 2016, 06:17:36 PM
 #429

-snip-
We all hope that Bitcoin will be the most used as a payment method. But you never know what can happen.
If the value will go down of Bitcoin than nobody will use it and that will be very bad.
If bitcoin is started to use on such that scale then how the price will be not stable. The reality is that at that stage bitcoin will be much more stable and will be reliable all over the world.

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March 16, 2016, 06:36:44 PM
 #430

Yes, I also agree that when all the systems will shifted to digital and all the transactions are going to happen through online system then bitcoin will replace fiat on a large scale.

Why do you think just because paper money will be mostly useless that people will automatically want to switch to Bitcoin?  Using virtual fiat affords protections from fraud, stable value, and the backing of a government.  To most people those are more valuable than a community that supports it any day.  The average person doesn't want a money revolution, they just want to be able to buy their stuff smoothly. 

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March 16, 2016, 07:11:32 PM
 #431

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.
At that stage there will be a large scale of development happened on the world, and at that time a large community will be aware to bitcoin, and whenever it come to public all the people there learn about it and gradually adopt it.

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March 16, 2016, 09:28:12 PM
 #432

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.
At that stage there will be a large scale of development happened on the world, and at that time a large community will be aware to bitcoin, and whenever it come to public all the people there learn about it and gradually adopt it.

They will adopt bitcoin for sure but that  doesn't mean that they will stop using paper money, its really difficult to imagine life without paper money as people who are used to it will continue to use it in future too.
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March 16, 2016, 10:20:55 PM
 #433

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.
At that stage there will be a large scale of development happened on the world, and at that time a large community will be aware to bitcoin, and whenever it come to public all the people there learn about it and gradually adopt it.

They will adopt bitcoin for sure but that  doesn't mean that they will stop using paper money, its really difficult to imagine life without paper money as people who are used to it will continue to use it in future too.

Paper money will always exist and  I don't think that it has any competition from bitcoins in future as the market cap of paper money is huge and bitcoin is too small.
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March 16, 2016, 11:09:27 PM
 #434

The more I look at the future, the more I see a brighter future for paper money. We shall reach a point where people will be fed up being tracked and traced all the time. And the only way against that mass surveillance warfare is to use cash. Cash is also a nice option to save money because of falling interest rates. They're already negative in some countries!
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March 17, 2016, 05:27:34 AM
 #435

The future of the paper money is not so good, because I think the paper money is gonna disappear in country's.
Not only because of the bitcoin but also because even the biggest currency's are gonna get fully digital in the future.

I am not thinking of that for now. That could happen in the more future world. But for now I am thinking of a one currency. One fiat one paper money. If it is dollar or euro or other currency. I think that should happen. Anywhere you go it is the same money.
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March 17, 2016, 05:39:27 AM
 #436

Quote
Paper money will always exist and  I don't think that it has any competition from bitcoins in future as the market cap of paper money is huge and bitcoin is too small.

Paper money wont exist in 100 years time, the money that is going to be used by that time will be digitized.
Technology now a days is fast growing and people are constantly inventing and upgrading stuff.
Paper money will be gone in 100 years time.
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March 17, 2016, 08:00:54 AM
 #437

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.
yeah agree. bitcoin might become popular and many people using bitcoin. but it will not make the peper money to be disappearing. paper money is always welcome This is not ancient fashion. but paper money has existed since time immemorial

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March 17, 2016, 03:20:05 PM
 #438

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.
yeah agree. bitcoin might become popular and many people using bitcoin. but it will not make the peper money to be disappearing. paper money is always welcome This is not ancient fashion. but paper money has existed since time immemorial

Yeah, I don't see paper money going anywhere in future, it will always be used by majority of people, people who are uneducated they will find much easy to use fiat in compare to bitcoins.
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March 17, 2016, 04:54:57 PM
 #439

Although the things bitcoin fans are saying about paper money, I think it will remain somewhat part of people's financial worlds, it's far more comfortable for physical transactions too.
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March 17, 2016, 09:21:22 PM
 #440

Paper money would disappear in future if we can have bitcoin in a physical form that will make more users to attract towards it as people have more faith in those things which they can hold physically.
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