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Author Topic: The future of the paper money  (Read 414658 times)
LoyceV
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March 17, 2016, 09:28:30 PM
 #441

If paper money is going to be phased out, I expect it to be replaced by conventional banks as we know it now. Pay with plastic, not with bitcoin.
But as long as there is a need for a private payment, and I think there will always be one, people will come up with other things. It could be paper money from a different country, good-old-gold, or cryptocurrencies. Its a simple fact that I don't want all my transactions to be seen by a bank/government.

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March 18, 2016, 02:05:42 PM
 #442

If paper money is going to be phased out, I expect it to be replaced by conventional banks as we know it now. Pay with plastic, not with bitcoin.
But as long as there is a need for a private payment, and I think there will always be one, people will come up with other things. It could be paper money from a different country, good-old-gold, or cryptocurrencies. Its a simple fact that I don't want all my transactions to be seen by a bank/government.

I agree with you, we are fighting now with the government that is trying to stop bitcoin. So why would they use it. They will make something but I am 100% it will not be bitcoin. This can become a commodity but not fiat.

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March 18, 2016, 03:41:42 PM
 #443

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.

Most people really rely thing they see and hold and that what makes it worthy to them and since you cant hold bitcoin people will have a hard time accepting it and will rely on paper money.

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March 18, 2016, 03:55:44 PM
 #444

The future of the paper money is not good at all because the fact is that everything is gonna be digital.
Its just a matter of time before it will disappear.
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March 18, 2016, 04:19:27 PM
 #445

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.
yeah although we are still comfortable in using paper money we should recognize that the possibility of banknotes to disappear is certainly there digital era is a time that we must face in the next few years. actually it is already beginning to show signs when many people began to leave the paper money when shopping


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March 18, 2016, 05:00:10 PM
 #446

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.
lol I think bitcoin will run backwards if they put the physical version. because everyone expects that the digital era is coming. everyone thinks financial transactions will be done online. not by physical




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March 18, 2016, 05:34:23 PM
 #447

The future of the paper money is pretty bad if you ask me because everything is gonna be digital like many others already said.
Its all a matter of time before this will start and the paper money will slowly disappear till its disappeared for good..
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March 18, 2016, 05:35:35 PM
 #448

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.

Most people really rely thing they see and hold and that what makes it worthy to them and since you cant hold bitcoin people will have a hard time accepting it and will rely on paper money.

Yes thats true and i dont think so money will disappear as it is not so easy to stop something which is widely used. generally money if we have in our hand we feel like we got something and we can use it for us. but also not to forget btc also has lot of good sights because of its security, low transaction charges and some store it is acceptable.
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March 18, 2016, 07:01:49 PM
 #449

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.

Most people really rely thing they see and hold and that what makes it worthy to them and since you cant hold bitcoin people will have a hard time accepting it and will rely on paper money.

Yes thats true and i dont think so money will disappear as it is not so easy to stop something which is widely used. generally money if we have in our hand we feel like we got something and we can use it for us. but also not to forget btc also has lot of good sights because of its security, low transaction charges and some store it is acceptable.


people have more faith in paper money as they can hold it physically and store it physically in their wallet and that factor is missing when it comes to bitcoins.
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March 19, 2016, 04:55:24 PM
 #450

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.

Most people really rely thing they see and hold and that what makes it worthy to them and since you cant hold bitcoin people will have a hard time accepting it and will rely on paper money.

Yes thats true and i dont think so money will disappear as it is not so easy to stop something which is widely used. generally money if we have in our hand we feel like we got something and we can use it for us. but also not to forget btc also has lot of good sights because of its security, low transaction charges and some store it is acceptable.


people have more faith in paper money as they can hold it physically and store it physically in their wallet and that factor is missing when it comes to bitcoins.

If the bitcoin get it's physical form the usage as well the bitcoin adoptions will increase gradually. Whatever happens paper money usage won't come to end.

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March 19, 2016, 05:24:13 PM
 #451

The future of the paper money is pretty bad if you ask me because everything is gonna be digital like many others already said.
Its all a matter of time before this will start and the paper money will slowly disappear till its disappeared for good..


Paper money will not be completely banned. What will happen is the legalization of the digital money thus giving options to the people either to transact through the paper one or digital based.  Digital currency and to be specific, bitcoins when accepted  by a majority of countries.
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March 19, 2016, 06:04:34 PM
 #452

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.

Most people really rely thing they see and hold and that what makes it worthy to them and since you cant hold bitcoin people will have a hard time accepting it and will rely on paper money.

Yes thats true and i dont think so money will disappear as it is not so easy to stop something which is widely used. generally money if we have in our hand we feel like we got something and we can use it for us. but also not to forget btc also has lot of good sights because of its security, low transaction charges and some store it is acceptable.


people have more faith in paper money as they can hold it physically and store it physically in their wallet and that factor is missing when it comes to bitcoins.

If the bitcoin get it's physical form the usage as well the bitcoin adoptions will increase gradually. Whatever happens paper money usage won't come to end.

Paper money will always exist for sure even if we have bitcoin in physical form then also we will find many users that will continue to use paper money especially in poor countries.
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March 19, 2016, 11:13:40 PM
 #453

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.

Most people really rely thing they see and hold and that what makes it worthy to them and since you cant hold bitcoin people will have a hard time accepting it and will rely on paper money.

Yes thats true and i dont think so money will disappear as it is not so easy to stop something which is widely used. generally money if we have in our hand we feel like we got something and we can use it for us. but also not to forget btc also has lot of good sights because of its security, low transaction charges and some store it is acceptable.


people have more faith in paper money as they can hold it physically and store it physically in their wallet and that factor is missing when it comes to bitcoins.

If the bitcoin get it's physical form the usage as well the bitcoin adoptions will increase gradually. Whatever happens paper money usage won't come to end.

Paper money will always exist for sure even if we have bitcoin in physical form then also we will find many users that will continue to use paper money especially in poor countries.

Yes and the only reason behind it is they are not aware about the new technology and they hesitate in trying something new, fiat makes their work easy.
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March 20, 2016, 03:34:39 AM
 #454

I think paper money it still remains after bitcoin goes mainstream.
Especially for older people, because they do not know how to handle the new money IMO.

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March 20, 2016, 04:05:07 AM
 #455

I think paper money it still remains after bitcoin goes mainstream.
Especially for older people, because they do not know how to handle the new money IMO.
you're right, I guess paper money will always continue to evolve, because, how it is used is usually done by the community, when bitcoin growing, as well as paper money

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March 20, 2016, 02:29:55 PM
 #456

I think paper money it still remains after bitcoin goes mainstream.
Especially for older people, because they do not know how to handle the new money IMO.
you're right, I guess paper money will always continue to evolve, because, how it is used is usually done by the community, when bitcoin growing, as well as paper money

Yeah people who find using paper money easy will use it in future too, and spending bitcoin might be a little complicated for them as they lack knowledge about it.
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March 20, 2016, 07:33:23 PM
 #457

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.
And it is also a possibility that a paper form of Bitcoin will introduce and bitcoin also embrace the form of paper money. As the currency is currency, it can get into any form, like paper, coin or credits online.


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March 20, 2016, 07:50:28 PM
 #458

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.

Most people really rely thing they see and hold and that what makes it worthy to them and since you cant hold bitcoin people will have a hard time accepting it and will rely on paper money.

Yes thats true and i dont think so money will disappear as it is not so easy to stop something which is widely used. generally money if we have in our hand we feel like we got something and we can use it for us. but also not to forget btc also has lot of good sights because of its security, low transaction charges and some store it is acceptable.


people have more faith in paper money as they can hold it physically and store it physically in their wallet and that factor is missing when it comes to bitcoins.

If the bitcoin get it's physical form the usage as well the bitcoin adoptions will increase gradually. Whatever happens paper money usage won't come to end.

Paper money will always exist for sure even if we have bitcoin in physical form then also we will find many users that will continue to use paper money especially in poor countries.

How can you possibly have bitcoin in physical form?


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eddyubachs
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March 20, 2016, 08:38:19 PM
 #459

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.

Most people really rely thing they see and hold and that what makes it worthy to them and since you cant hold bitcoin people will have a hard time accepting it and will rely on paper money.

Yes thats true and i dont think so money will disappear as it is not so easy to stop something which is widely used. generally money if we have in our hand we feel like we got something and we can use it for us. but also not to forget btc also has lot of good sights because of its security, low transaction charges and some store it is acceptable.


people have more faith in paper money as they can hold it physically and store it physically in their wallet and that factor is missing when it comes to bitcoins.

If the bitcoin get it's physical form the usage as well the bitcoin adoptions will increase gradually. Whatever happens paper money usage won't come to end.

Paper money will always exist for sure even if we have bitcoin in physical form then also we will find many users that will continue to use paper money especially in poor countries.

How can you possibly have bitcoin in physical form?

We can never have bitcoin in physical form and that's what above mate is trying to say, that even if we can hold bitcoin physically it will not reduce the users of paper money.
sishendaoye
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March 21, 2016, 09:08:56 AM
 #460

Paper money will of course exist in the future and that is so good. I hope that more people will use Bitcoin. But it needs time.
Especially the older generation use paper money, because they dont even know what Bitcoin is.
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