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Author Topic: The future of the paper money  (Read 414692 times)
Turan100
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September 25, 2017, 01:46:16 PM
 #4301

the paper money doesn't exist in the middle age , there's only the coins of gold , and they will disappear for good while the technologie keep developing , but the chains will never disappear
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September 25, 2017, 03:11:21 PM
 #4302

The future of paper money will continue to exist because the real currency is fully protected by the state, although the use of digital money is increasingly massive but it will never aim to replace paper money.

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September 25, 2017, 03:31:08 PM
 #4303

the paper money doesn't exist in the middle age , there's only the coins of gold , and they will disappear for good while the technologie keep developing , but the chains will never disappear
What the hell? Gold never disappear, only FIAT or cryptocurrecies will disappear in someday, but I am sure Gold never affect by that. Gold is an asset very rare from the beggining of the world, it proves its value never decreases after long time.



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September 25, 2017, 03:36:02 PM
 #4304

The future of paper money will continue to exist because the real currency is fully protected by the state, although the use of digital money is increasingly massive but it will never aim to replace paper money.
I wouldn't be too sure of that. Things can change dramatically quickly if the change gets going. If at some point the bigger public decides it's more convenient to use crypto rather than fizt/banks people will change to crypto or another cm sort of currency.
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September 25, 2017, 03:44:19 PM
 #4305

My opinion is that future of paper money isn't so bright, but it's impoosible to disapearr, cause then bank sistem would be distroyed, and they will not allow that. Provisions, tracking a money flow are reasons for paper money surviving, and influence in real world. But, who knows..
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September 26, 2017, 07:05:21 AM
 #4306

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.
Crypto currencies are the future of paper money because of their unique concept and design. People from all over the globe believe in crypto currencies because they are more secure and exponentially growing than any of the physical currency. Secondly they are easier to access from any part of the world.

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September 26, 2017, 04:14:28 PM
 #4307

I think that paper money will never disappear. No government will want to completely switch to the digital currency, as this will bring chaos to the economy of the country. Now the material value in each country is determined by the annual gross income and gold stock. Proceeding from this, the country's economy is being built, a certain amount of paper money is printed. What to build an economy, if you switch to a digital currency?
I think paper money is very likely to disappear, what can replace paper money is digital money, digital money is certainly easier to control because the government has full access compared to paper money.
The government would not make a decision that would not be the benefit of the majority or all the people, if paper money will be totally eliminated in the circulation that means there are great infrastructures improvement in different part of the world. The main thing that is needed is to educate and give internet in all areas of this world so people can easily transact wherever they are, although it's possible but it's not going to be fast process for adoption.
No I don’t think so that paper money will be disappeared from the world with the establishment of digital money because a lot people are still not aware about the crypto currencies and their uses. Secondly it is very difficult for the older people to cop up with the modern technology and digital currency.

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September 27, 2017, 02:07:16 AM
 #4308

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.
Most money now is in electronic form than in cash form about 7% of all the money of the world is in the form of cash the rest are just a bunch of numbers on the databases of banks and governments so I think we are closer to the elimination of cash as a form of money than what you imagine.
The form of money is slowly evolving and it is from being a physical cash to a virtual cash like paypal or mobile wallet and i think that in the near future we can see bitcoins or other form of cryptocurrencies that are being used in different transactions like paying things up and get different services with just the use of cryptocurrency.
This is why bitcoin has such a bright future, bitcoin does not need to create the demand for online payments the demand is already there many people in the first world already know how to send payments online so the only thing bitcoin needs to do is to convince people to use it.

One might believe that bitcoin will have a strong future, this is normal, but when you say paper money will be replaced by bitcoin, this is just not meaningful. Paper money will survive till the end of the world.
Will paper money disappear completely? Probably not, but look around just look at my previous posts that you quoted, most money is already in electronic form and not in the form of cash that is a reality so to me it is very obvious that paper money is losing the battle and that in the future there is going to be even less paper money.
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September 27, 2017, 02:35:37 AM
 #4309

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I think so, and we should accept the fact that it also has its limitation, in simple transaction like buyinh ice cream, are you going to use bitcoin? Paper money has its own contribution to the society it shortened the time of transaction and I think it will be used whether we like or not, it also symbolizes the identity of each country so why they are going to change it?

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September 27, 2017, 11:28:17 PM
 #4310

The future of paper money will continue to exist because the real currency is fully protected by the state, although the use of digital money is increasingly massive but it will never aim to replace paper money.
It is true at the old time long ago bitcoin was not there at that time the gold coin were being use by the people, then the paper money come when it was a bit developed era and than people start using the paper money and it was famous but then in 2009 the time changed it is the digital world where everything is on internet so I think it is the time for the crypto currencies to take the whole floor.

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September 28, 2017, 01:31:00 AM
 #4311

I think paper money will definitely end someday and it would be replaced by different  online currency  like bitcoin and others which can be used like a paper money Smiley
Definitely not, paper money would still remain even if digital currencies over power by it. Because even that, they're still using paper money for their daily transactions. The only problem with bitcoin is that, it is virtual currency and it could run only if you have internet connection. So definitely, in the areas with no internet probably they used their local currency.

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September 28, 2017, 01:45:15 AM
 #4312


I think paper money will not go away. Everyone is not connected to the Internet, and some people can not be connected.

Indeed paper money will not be replace by bitcoin because it has already build a strong foundation to the people that it was the most convenient way to use for any kinds of transactions that even children know how to use. Money will last forever as it is already long established by all nations.

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September 28, 2017, 03:01:59 AM
 #4313


I think paper money will not go away. Everyone is not connected to the Internet, and some people can not be connected.

Indeed paper money will not be replaced by bitcoin because it has already build a strong foundation to the people that it was the most convenient way to use for any kinds of transactions that even children know how to use. Money will last forever as it is already long established by all nations.
For sure, there is no reason why paper money should be eliminated in the circulation, it gives majority of the people an ease to transact.
Although digital money is getting more popular now but this two could exist and will share the demand.


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September 28, 2017, 03:44:54 AM
 #4314

so in future payment we will back using gold again?
or maybe we will using digital gold like bitcoin???
seem interesting to see the future, hope i can use bitcoin in daily usage, but sometimes i hate using bitcoin, the highest fee transaction is bad for me

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September 28, 2017, 04:01:26 AM
 #4315

The use of paper in general continues to decline, this is because the supply of paper materials more difficult, the best solution to eliminate paper money is digital money, I hope the future of paper money disappear soon.

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September 28, 2017, 06:36:04 AM
 #4316

it seems like paper money will always be in the future but the difference is, in the future will have a competitor yes it's virtual money so people will use both money to transaction

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September 28, 2017, 06:49:29 AM
 #4317

I personally don't think paper money will completely disappear any time in the near future. It is true that electronic transactions have become more and more common over the last few decades and I see no reason why this trend will not continue. We may even get to the point where paper money transactions become incredibly rare - for some, they already are! At that point, the tables could turn and what we now consider paper money may actually act as the backing to our electronic currency, the way the gold standard once backed paper money. But even this scenario is difficult to picture, in part because of how we have historically placed a value on paper money.
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September 28, 2017, 06:51:54 AM
 #4318

I don't think so that paper money will be replaced by digital currency. Paper money is use in daily transactions offline and digital currency is for online of course so they have their own different functions. We know that cryptocurrency is not yet fully accepted in some countries so they don't have any other choices but to stick and still choose the usual and common way.

I guess even people in the golden era dont think that paper money will replaced metals as a mode of payment. The world is changing so do the things that people are using. Nothing is permanent except change.

The future of paper money is looking bleak as it continues to fail on the centralized system it runs on. Bitcoin is decentralized and open source and voluntary therefore it is on it's way to replacing the dollar.

It's on its way of revolutionizing the world.
Countries are scratching their head because they can't just deny that this technology is much much better than the previous. This is so advanced that Satoshi gave us a cake that never been tasted this good. In 3 years some countries will replaced their traditional fiat system in my opinion.



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September 28, 2017, 07:38:43 AM
 #4319

It's possible to draw a parallel with the use of electronic books. So, they are very popular today. On the one hand, it is very convenient to use it, on the other hand, some people do like to hold a book in their hands, to feel its smell. The same picture can be seen, if to speak about electronic money. They can exist, be in need, but not all the people would be ready to get rid off paper money.
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September 28, 2017, 08:19:32 AM
 #4320

it seems like paper money will always be in the future but the difference is, in the future will have a competitor yes it's virtual money so people will use both money to transaction

I think this would be the one that will happen. Paper money will co-exist with digital money because it is hard to totally eliminate fiat money if not everyone will be able to use it. There are still so many people in the world who don't have the gadgets needed to access cryptocurrency. Paper money is still needed though it may be reduced and then the expenses to make paper money would be reduced as well. The expense of producing paper money is getting higher so it would be wise to reduce it by having digital money because there would be a little cost of producing it.

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