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Author Topic: The future of the paper money  (Read 414997 times)
fredforthewin
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October 04, 2017, 12:11:49 PM
 #4361

i believe paper money will decrease but will be around until A.I. takes over. (speculation)
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October 04, 2017, 12:47:58 PM
 #4362

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 that true, paper money is essential for being a medium of payment in which it lessen the time consumes that transacting using bitcoin, I mean in small transaction it will be hassle if you have to scan their address for you to be paid vice versa . I think paper money will still be part of our daily lives since it contributes a lot in the society and also it is part of the identity of each country.

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October 04, 2017, 01:09:17 PM
 #4363

The world is revolutionizing day and night and every day new inventions are being brought in. With currencies, there have been several revolutions dating back to the days barter trade was the norm, there came precious stones and other metals. Coins came in and paper money also came in. As we were still using these, electronic transfers and credit cards came in. Now we have electronic money and crypto-currencies. One fact is that apart from barter trade, the other forms of exchange although some of them are not used frequently. I therefore believe, that the paper money currency might decrease in it's usage but will not disappear. The future of paper money is there but it is bleak.
nskendrovic
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October 05, 2017, 03:02:12 AM
 #4364

The future of paper money is looking extremely bleak right now. As a matter of fact, it is slowly dying away never to be used again. Can you believe that? Worthless USD cash, it all has to be gov'd digital currencies? Lol you'll wish you have Bitcoin then.
sheryl26
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October 05, 2017, 03:18:44 AM
 #4365

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?


I think that money for me personally, paper money will not be used anymore when the government start to accept cryptocurrencies. And the most likely to happen is the old paper money will be converted into a digital currency as a start of the future. Because you dont want to have flying cars and other high technology with a paper money. Of course money also meed an improvement and need to be technologically inclined like the other things. So to be updated our currency today will have a digital version.
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October 05, 2017, 03:24:04 AM
 #4366

People would be more invested in paper money rather than digital currency. It's more believable because paper money is tangible as compared to bitcoins which is very susceptible to hacking unless you are truly sure of your wallet. Paper money however is under a lot of laws and governed by country there the power of paper money is limited compared to its digital counterpart.

Probably the future of paper money will stay for a long time more. Around 30 years more. Only then will digital currency like bitcoins would truly flourish.

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October 05, 2017, 06:33:11 AM
 #4367

People would be more invested in paper money rather than digital currency. It's more believable because paper money is tangible as compared to bitcoins which is very susceptible to hacking unless you are truly sure of your wallet. Paper money however is under a lot of laws and governed by country there the power of paper money is limited compared to its digital counterpart.

Probably the future of paper money will stay for a long time more. Around 30 years more. Only then will digital currency like bitcoins would truly flourish.
I guess they are all prone to hacking if it is the negligence of the user, the only good thing with bitcoin is that it's also an investment at the same time.
Paper money will still be paper money in the future since we still have group of people who are willing to use it and they  need it since it's easy and simple.

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October 05, 2017, 01:50:11 PM
 #4368

People would be more invested in paper money rather than digital currency. It's more believable because paper money is tangible as compared to bitcoins which is very susceptible to hacking unless you are truly sure of your wallet. Paper money however is under a lot of laws and governed by country there the power of paper money is limited compared to its digital counterpart.

Probably the future of paper money will stay for a long time more. Around 30 years more. Only then will digital currency like bitcoins would truly flourish.
I guess they are all prone to hacking if it is the negligence of the user, the only good thing with bitcoin is that it's also an investment at the same time.
Paper money will still be paper money in the future since we still have group of people who are willing to use it and they  need it since it's easy and simple.
welp, digital currency might will be more and more easy yet simply later on. With digital currency you could even monitoring your daily/monthly/yearly expense without doing nothing and  might showing you an information and graph for what you already spent with all your money.

cryptojac17
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October 05, 2017, 02:04:30 PM
 #4369

I think paper money have its own importance and will never dead. Though people are started using debit cards, credit cards and other digital currencies; there are some transaction which needs to be deal in traditional cash only. Paper money will be always the main mode of payment for day to day transactions.
Paper money is banknote that guarantee payment and through the century we are used to use it as payment of goods and services but as digital technology introduced we begun to abolished it by the used of credit cards specially in some richer county they just using ledger to count you asset, but still we are using paper money because we are used to it. The problem of paper money is it can be easily be faked.

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October 05, 2017, 02:19:38 PM
 #4370

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.

I think what you are saying is true, that the government is not interested in incorporating bitcoin. Having bitcoin that they can't control will definitely bring them down, starting from banks. It would surely re create our current government system and they won't be able to do anything about it. So I think paper money will still continue for a long time and they will keep delaying the process of incorporating bitcoin.

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October 05, 2017, 02:32:52 PM
 #4371

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.

I think what you are saying is true, that the government is not interested in incorporating bitcoin. Having bitcoin that they can't control will definitely bring them down, starting from banks. It would surely re create our current government system and they won't be able to do anything about it. So I think paper money will still continue for a long time and they will keep delaying the process of incorporating bitcoin.
I guess it too. It seems clear that government won't cooperate for the betterment of each country and that is some kind of difficult to handle about money matter. Obviously governments want also percentage of having the benefit of bitcoin wherein they can negotiate in terms of taxes but I guess it isn't fair for that thing. In terms of paper money's future,it will continue its process of using this and if they insist to change the way it goes instead of paper money then that will take a very long time and too much adjustments of people who get to used to old way of money transaction and the appearance of real money.

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October 05, 2017, 02:33:40 PM
 #4372

People are already adapting the new generation of the bitcoin, People are stared using debit card, credit cards or any card by using payment. There is someone already create or discover that digital currencies/ bitcoins as mode of payment. I sure that people will be also adapt the bitcoin as a mode of payment with the help of the technology. So that in the future people have 3 type of payment, Paper money, Credit Cards and the last is bitcoin.

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October 05, 2017, 07:15:44 PM
 #4373

The world is revolutionizing day and night and every day new inventions are being brought in. With currencies, there have been several revolutions dating back to the days barter trade was the norm, there came precious stones and other metals. Coins came in and paper money also came in. As we were still using these, electronic transfers and credit cards came in. Now we have electronic money and crypto-currencies. One fact is that apart from barter trade, the other forms of exchange although some of them are not used frequently. I therefore believe, that the paper money currency might decrease in it's usage but will not disappear. The future of paper money is there but it is bleak.
The future of paper money is that it will be vanish and people will forget the history of paper money and in future the bitcoins Will be used just like we are using cash now a days because cash is not as safe as Bitcoin that's why people will use Bitcoin instead of paper money.
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October 05, 2017, 11:58:32 PM
 #4374

The future of paper money is looking extremely bleak right now. As a matter of fact, it is slowly dying away never to be used again. Can you believe that? Worthless USD cash, it all has to be gov'd digital currencies? Lol you'll wish you have Bitcoin then.
Everyone has his ow point of view. I think that the future of paper money is not that much bad as you have just mentioned. There are still so many who don’t even know about digital currency and are using paper money for all the things they are doing. It is very much difficult to experience a cashless society in the future as well. Yes, this is very much possible that the usage of paper money gets little less.
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October 06, 2017, 12:17:13 AM
 #4375

People are already adapting the new generation of the bitcoin, People are stared using debit card, credit cards or any card by using payment. There is someone already create or discover that digital currencies/ bitcoins as mode of payment. I sure that people will be also adapt the bitcoin as a mode of payment with the help of the technology. So that in the future people have 3 type of payment, Paper money, Credit Cards and the last is bitcoin.
I think now that bitcoin has complemented it because now this bitcoin is a currency
digital is often used for transactions and investment is good

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October 06, 2017, 01:31:54 AM
 #4376

People are already adapting the new generation of the bitcoin, People are stared using debit card, credit cards or any card by using payment. There is someone already create or discover that digital currencies/ bitcoins as mode of payment. I sure that people will be also adapt the bitcoin as a mode of payment with the help of the technology. So that in the future people have 3 type of payment, Paper money, Credit Cards and the last is bitcoin.
I think now that bitcoin has complemented it because now this bitcoin is a currency
digital is often used for transactions and investment is good
Yes agree, bitcoin is the digital currency and the best investment choice because there is currently no more profitable investment than bitcoin. for paper money I'm sure it will not disappear even though one day bitcoin transactions are bigger than fiat or paper money because paper money is the state legal currency.


 
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October 06, 2017, 07:59:51 AM
 #4377

Paper income will be right here for awhile there is no telling when they will be absent but bitcoin will carry on climbing.
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October 06, 2017, 10:02:13 PM
 #4378

Paper money in the future will be replaced by credit cards.

I agree. I almost do not use paper money in everyday life at all. Credit cards are much quicker, easier and more convenient to use in a store and restaurant for example. I think that there will not be place for paper money in the future. I mean that they will exist, but people will not use them so actively.
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October 06, 2017, 10:41:23 PM
 #4379

The future of paper money is very difficult now itself people are willing to pay by cards only. If you compare with last 10 years user is paper money is drastically crashed. More than this will be happen in future.

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October 06, 2017, 10:45:06 PM
 #4380

Paper money will always be on our lifes, and we can not change that.. There is no need to have electronic money, maybe this is a good tool for all of us, and we all love bitcoin, but physical money can not be replaced, all those people who are not adapted to debit/credit cards or just cryptos, can not imagine a life without their paper money, and it can not disappear in just matter of a few years.

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