Bitcoin Forum
July 21, 2018, 12:56:19 AM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 [223] 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 ... 286 »
  Print  
Author Topic: The future of the paper money  (Read 414692 times)
Gozie51
Full Member
***
Offline Offline

Activity: 406
Merit: 100



View Profile
October 11, 2017, 10:02:36 AM
 #4441

I really don't think paper money would fissle out, the much that can happen is that both will exist side by side in locals.

Meanwhile, I see a situation where bitcoin will be highly preferred in international transactions other than the known paper currencies. The reason is that, bitcoin is easily accessible, secured and fraudulent curtailed at least for now, is not carried about physically as you don't need a mobile excort for it etc.

Bitcoin will really change the financial topography of the business world with time. Many people will prefer it for larger and bigger financial payment because of its advantages and it is not carried about. Thus, paper money might just be reduced to small retail businesses.

1532134579
Hero Member
*
Offline Offline

Posts: 1532134579

View Profile Personal Message (Offline)

Ignore
1532134579
Reply with quote  #2

1532134579
Report to moderator
1532134579
Hero Member
*
Offline Offline

Posts: 1532134579

View Profile Personal Message (Offline)

Ignore
1532134579
Reply with quote  #2

1532134579
Report to moderator
1532134579
Hero Member
*
Offline Offline

Posts: 1532134579

View Profile Personal Message (Offline)

Ignore
1532134579
Reply with quote  #2

1532134579
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Harlot
Hero Member
*****
Offline Offline

Activity: 770
Merit: 533



View Profile
October 11, 2017, 10:43:16 AM
 #4442

Paper money would always be preferred by most since they've pretty much live their whole life using it. Cryptocurrency will never replace paper money due to many reason.

1. Bank notes (Issued and legalized by government)
2. Fiat Money Transactions (Majority will always prefer their fiat currency over digital)
3. Quick Transaction (Buying from a small store or stall)

For big transactions use crypto for small transactions use paper money. In the near future, the market would be a hybrid of paper money and digital money transactions.
We are living in that kind of world now even before Bitcoin existed in the world. People as of today are using other payment methods rather than using their Fiat currency straight up with the payment methods such as debit cards, credit cards, and Paypal you will see that we are living a world where digital transactions exist. The problem that I see here is that all of those payment method does not incur any kind of transaction fees for the buyer while Bitcoin transaction has.

.BITSLER.                 ▄███
               ▄████▀
             ▄████▀
           ▄████▀  ▄██▄
         ▄████▀    ▀████▄
       ▄████▀        ▀████▄
     ▄████▀            ▀████▄
   ▄████▀                ▀████▄
 ▄████▀ ▄████▄      ▄████▄ ▀████▄
█████   ██████      ██████   █████
 ▀████▄ ▀████▀      ▀████▀ ▄████▀
   ▀████▄                ▄████▀
     ▀████▄            ▄████▀
       ▀████▄        ▄████▀
         ▀████▄    ▄████▀
           ▀████▄▄████▀
             ▀██████▀
               ▀▀▀▀
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄             
▄▄▄▄▀▀▀▀    ▄▄█▄▄ ▀▀▄         
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄       
█  ▀▄▄  ▀█▀▀ ▄      ▀████   ▀▀▄   
█ █▄  ▀▄   ▀████       ▀▀ ▄██▄ ▀▀▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█  ▀▀       ▀▄▄ ▀████      ▄▄▄▀▀▀  █
█            ▄ ▀▄    ▄▄▄▀▀▀   ▄▄  █
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
█ ▄▄   ███   ▀██  █           ▀▀  █ 
█ ███  ▀██       █        ▄▄      █ 
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀   
▀▄            █        ▀▀      █   
▀▀▄   ███▄  █   ▄▄          █   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀     
▀▀▄   █   ▀▀▄▄▄▀▀▀         
▄▄▄▄▄▄▄▄▄▄▄█▄▄▀▀▀▀               
              ▄▄▄██████▄▄▄
          ▄▄████████████████▄▄
        ▄██████▀▀▀▀▀▀▀▀▀▀██████▄
▄     ▄█████▀             ▀█████▄
██▄▄ █████▀                ▀█████
 ████████            ▄██      █████
  ████████▄         ███▀       ████▄
  █████████▀▀     ▄███▀        █████
   █▀▀▀          █████         █████
     ▄▄▄         ████          █████
   █████          ▀▀           ████▀
    █████                     █████
     █████▄                 ▄█████
      ▀█████▄             ▄█████▀
        ▀██████▄▄▄▄▄▄▄▄▄▄██████▀
          ▀▀████████████████▀▀
              ▀▀▀██████▀▀▀
            ▄▄▄███████▄▄▄
         ▄█▀▀▀ ▄▄▄▄▄▄▄ ▀▀▀█▄
       █▀▀ ▄█████████████▄ ▀▀█
     █▀▀ ███████████████████ ▀▀█
    █▀ ███████████████████████ ▀█
   █▀ ███████████████▀▀ ███████ ▀█
 ▄█▀ ██████████████▀      ▀█████ ▀█▄
███ ███████████▀▀            ▀▀██ ███
███ ███████▀▀                     ███
███ ▀▀▀▀                          ███
▀██▄                             ▄██▀
  ▀█▄                            ▀▀
    █▄       █▄▄▄▄▄▄▄▄▄█
     █▄      ▀█████████▀
      ▀█▄      ▀▀▀▀▀▀▀
        ▀▀█▄▄  ▄▄▄
            ▀▀█████
[]
Sled
Hero Member
*****
Offline Offline

Activity: 882
Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
October 11, 2017, 12:49:38 PM
 #4443

I really don't think paper money would fissle out, the much that can happen is that both will exist side by side in locals.

Meanwhile, I see a situation where bitcoin will be highly preferred in international transactions other than the known paper currencies. The reason is that, bitcoin is easily accessible, secured and fraudulent curtailed at least for now, is not carried about physically as you don't need a mobile excort for it etc.

Bitcoin will really change the financial topography of the business world with time. Many people will prefer it for larger and bigger financial payment because of its advantages and it is not carried about. Thus, paper money might just be reduced to small retail businesses.
I agree to that. That is the scenario that can only happen in the paper money, they can experience a lesser amount of users for using it as a mode of payment because the other people or businesses will prefer bitcoin and other type of easy mode of payment like digital payments rather than paper money because the online businesses are getting more popular and trending so we can expect cryptocurrencies will be more crowded in the future.

whaawh
Sr. Member
****
Offline Offline

Activity: 448
Merit: 251



View Profile
October 11, 2017, 06:01:08 PM
 #4444

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. 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.

With electronic money there is question of privacy security and many people don't believe in electronic money they still prefer physical money and this will prevail in the future too.
Digital money is very develop now in most of the countries because using of digital money is easy as compare than paper money but keep in mind that paper money have his own value everywhere and it is not possible that paper money will complete disappear from the world because without paper money currency is not possible of any country.
The fact is that to date electronic money occupies a very low place in the financial sector in the world economy, but we must also take into account the fact that many people are not ready to use crypto currency. The fact is that to use crypto currency, you need a lot of specific knowledge and even education.

▄█▀▀▀▀▀▀▀▀▀▀▀█▄
▄█▀▄███████████▄▀█▄
▄█▀▄███████████████▄▀█▄
▄█▀▄███████ ██ ████████▄▀█▄
█ ███████▄▄ ▌ ▄▄▄ ▀██████ █
█ █████████ ▌ ████ ██████ █
█ █████████ ▌ ▄▄▄▄ ▀█████ █
█ █████████ ▌ █████ █████ █
█ █████▄▀▀  ▌ ▀▀▀▀ ▄█████ █
▀█▄▀███████ ██ ████████▀▄█▀
▀█▄▀███████████████▀▄█▀
▀█▄▀███████████▀▄█▀
▀█▄▄▄▄▄▄▄▄▄▄▄█▀
JINBI

merges gold’s investment
holding value
with
blockchain technology
[
T H E   G O L D E N   I C O
.
────────     WHITEPAPER     ────────
]
▄█▀▀▀▀▀▀▀▀▀▀▀█▄
▄█▀▄███████████▄▀█▄
▄█▀▄███████████████▄▀█▄
▄█▀▄███████ ██ ████████▄▀█▄
█ ███████▄▄ ▌ ▄▄▄ ▀██████ █
█ █████████ ▌ ████ ██████ █
█ █████████ ▌ ▄▄▄▄ ▀█████ █
█ █████████ ▌ █████ █████ █
█ █████▄▀▀  ▌ ▀▀▀▀ ▄█████ █
▀█▄▀███████ ██ ████████▀▄█▀
▀█▄▀███████████████▀▄█▀
▀█▄▀███████████▀▄█▀
▀█▄▄▄▄▄▄▄▄▄▄▄█▀
SirLancelot
Hero Member
*****
Offline Offline

Activity: 773
Merit: 500


BookiePro.Fun - The World's Betting Exchange


View Profile
October 12, 2017, 10:32:26 AM
 #4445

The future of money is digital, paper money will disappear eventually and most transactions will move online, but not necessarily crypto.
I don't think it will disappear, it will be minimize in use but will not totally disappear in the circulation.
That would not make all the people happy, digital requires internet to transact and we cannot educate all people about the internet.
More options are better than one.
For sure, if you are thinking that bitcoin will be the sole currency in future. Don’t think it, it is just useless. There are so many options now, as to transact online, offline, paper money, and so many currencies are there. But if these all get away, there will be no proper management. Plus people are illiterate about internet things, so can’t happen.

         ▄▄▄█████████████████
    ▄▄████████████████████████     
 ▄█████████▀▀▀            ████▌     ███▄
▐█████▀▀                  ▐███▌     ████
▐████                     ▐████     ████
▐████       ▄▄█████████████████      ▀▀█
▐████     ▐███████████████████▌
 ████▌     ███████▀▀▀▀▀███████████▄▄▄
 ▐████      █████       ██████████████▌
  █████     ▀█████     █████▌  ▀▀█████
   █████     ▀█████   █████▀     █████
    █████     ▀█████▄█████▀     █████
     █████     ▀█████████▀     █████
      █████      ▀█████▀      █████
       █████▄      ▀▀▀      ▄█████
        ▀█████▄           ▄█████▀
          ▀█████▄       ▄█████▀
            ▀█████▄▄ ▄▄█████▀
              ▀███████████▀
                 ▀▀███▀▀
BookiePro▀▀▀▀▀▀▀   BookiePro.fun   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██████████ █ █
  The World's Betting Exchange 
         ▄▄███▄███▄
        ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
       ██▀ ▀█████████████
   ▄██ ███▄██████████████
  ████ ██████████████████
   ███ ███████        ███ █▄
▄█▄ ██ ███████   ████████ ▀▀█▄
▀██▄ ████         █████ ▀██▄
  ▀█▄▄ ████▀▀▀   ▀▀▀█████ ██ ▀█▀
    ▀█ ████▄▄▄   ▄▄▄█████ ███
       ███████   ████████ ████
       ██████████████▀███ ██▀
       █████████████▄ ▄██
        ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 
             ▀███▀████▀▀
   Bet with  ▆▆▆▆▆
▆▆▆▆▆ Play Money

  Win Real Bitcoin 
|   5 BTC ▆▆▆▆▆
▆▆▆▆▆ Prize Pool

  World Cup 2018 
  Download 
Now
guoyu78
Hero Member
*****
Offline Offline

Activity: 811
Merit: 502


The stock photography revolution


View Profile
October 12, 2017, 01:12:42 PM
 #4446

I don't think that paper money will disappear in this world, although if later the crypto currency will become more popular and growing as well can exceed the excess of paper money.. I think paper money will still exist and will not be extinct. I am guessing in the future the paper money will remain and coexist with crypto currency in the countries if the crypto currency is still alive.
Paper money can’t be demolished. There will not be any concept of a cashless society. Without physical things system can’t run. And this is the system of the whole world. How can you think that there will be the whole online transactions, if you have to buy fruit pay bitcoin to the shopkeeper and all that low level chores can’t be transacted in bitcoins.

██████
███
███
███
███
███
███
███
███
███
███
███
███
██████
▄▄▄████████▄▄▄
▄▄██████████████████▄▄
▄█████████▀▀██▀▀█████████▄
▄██████▀▀      █▄    ▀▀██████▄
█████▀           █▄       ▀█████
█████              █▄       ▄█████
█████▀▀▀▀▀▀▀▀▀████████▄     ▄█ █████
████        ▄███▀▀▀▀███▄   ▄█   ████
████        ███▀      ▀███ ▄█     ████
████       ███          ████      ████
████      ████          ███       ████
████     █▀ ███▄      ▄███        ████
████   █▀   ████▄▄▄▄███▀        ████
█████ █▀     █████████▄▄▄▄▄▄▄▄▄█████
█████▀       ███             █████
█████▄       ███          ▄█████
▀██████▄▄    ███     ▄▄██████▀
▀█████████▄▄███▄█████████▀
▀▀██████████████████▀▀
▀▀▀████████▀▀▀
PHOTOCHAIN██████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
██████
██████
███
███
███
███
███
███
███
███
███
███
███
██████
██████
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
   ███
██████
Fatanut
Legendary
*
Offline Offline

Activity: 938
Merit: 1051



View Profile
October 12, 2017, 04:02:28 PM
 #4447

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. 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.

With electronic money there is question of privacy security and many people don't believe in electronic money they still prefer physical money and this will prevail in the future too.
Digital money is very develop now in most of the countries because using of digital money is easy as compare than paper money but keep in mind that paper money have his own value everywhere and it is not possible that paper money will complete disappear from the world because without paper money currency is not possible of any country.
The fact is that to date electronic money occupies a very low place in the financial sector in the world economy, but we must also take into account the fact that many people are not ready to use crypto currency. The fact is that to use crypto currency, you need a lot of specific knowledge and even education.

But a lot of things happen without people getting ready. Was the world ready to be filled of the Millennials who are constantly depressed, pressured, and on the verge of suicide? I don't think so. The world becomes what it becomes and as humans, we tend to adapt with our environment. Even if you are dumb, once everyone starts using bitcoin, you are also going to start using bitcoin. There are people in my place who have no proper education yet they are using Smartphones. Smartphones have English as language and that should be really hard for them. Yet the developers have made it intuitive by using corresponding logos that can easily be remembered by the user. I think the same thing was done with bitcoin. Online wallets are pretty intuitive and self explanatory.

It's their problem to deal with if they are not ready to use bitcoin yet. Once it becomes mainstream, they have no choice but to adapt to the environment because everyone is already doing it.

▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███▀▀   ▀▀███▀▀   ▀▀███▄
▄███    ▄▄   ▀   ▄▄    ███▄

███▌  ▄█████▄ ▄█████▄  ▐███
████  ███████ ███████  ████
████▌ ▐█████████████▌ ▐████
▀███▀  ▀███████████▀  ▀███▀
▀██▄▄▄▄███████████▄▄▄▄██▀
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
.MOZO.
|.
||
▄▄▀▀▀▀▀▀▀▀▀▀▀▀▄▄
▄▀▀ ▄▄▀▀▀▀ ▄▄ ▀▀▄▄ ▀▀▄
▄▀▀ ▄▀▄ ▄▄▄▀▀▀▄▄ █▀▄▄▀▀▄ ▀▀▄
▄▀ ▄▀▀ █ ▀▀█▀▄  ▐▌█ ▄▄▄▀▀▄▀▀▄ ▀▄
▄▀ ▀▄▄█▄█▀▀▄ ▀▀▀▄█ █▀▄▄▀▄▀▄██▄  ▀▄
▄▀ ▄█▄▄▄▀█▄▀▀▀▄▄▀▄█▀▀▀▄▄▄ ▀▄▄▄▄▀▀▄▀▄
█▄▀▄▄▀▀▄▀ ▄▄▀▀▄▀▀█▀▄▄▀▀█ ▀▀▄▄▄▄▀▀▀██
█▄▀▀█  █▄▀▀▄▄▀▀▄█▀▄▄▄▄▀▀▄█▀▀▄ ▐▌▄  ▀▄█
█▀▀█ ▄█ ▀▀█▄▄▄▀▀      ▀▀▀█▀▀▀▀▄▀▄▀▀▄██
█ ▀▄▀▄ █  ▄▄█ ▀▀▄▀  ▄▀▀▄▀█▀▄▄▀▄█ ▄ ▄ █
█ ▄ ▀▄█ ▄ ▄█ ▀██▀ █ ▀██▀ █ ▄█ █  █ █ █
█ █  ▄ █▄▀▀█     █       █▀▄ █   █ █ █
█ █  █  ▀█▀ █    ▀▄▀   █ █ █ ▀  ▄▀ █ █
█ █ ▀▄  █ ▄█▀▄ ▄▄▄▄▄ ▄▀▄▀█▄▀  ▄▀ █ █
▀▄ █ ▀▄  █ ▀▄▀▄▄ ▀ ▄▄▀▄▀ █▐▌ ▄▀ █ ▄▀
▀▄ █  ▀ ██▀▄▀▄▄▀▀▀▄▄▀  ▐▌█ ▀ ▄▀ ▄▀
▀▄ ▀▄▄  █ ▄▀▄▄▀▄▄▀▄▀▀▄▀▄  ▄▄▀ ▄▀
▀▄▄ ▀▄▄▀▀▀       ▀▀▀ ▄▄▀ ▄▄▀
▀▄▄ ▀▀▄▄▄▄▄▄▄▄▄▄▀▀ ▄▄▀
▀▀▄▄▄▄▄▄▄▄▄▄▄▄▀▀
.
VERSACE
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
& .38,000 STORES. are
accepting MOZO TOKENS

Ardenoss
Full Member
***
Online Online

Activity: 350
Merit: 100



View Profile
October 12, 2017, 04:19:13 PM
 #4448

Later supply paper money will be reduced. Because, technological advancements are driving innovation to financial world also those related to it. But, absolutely nothing will disappear.

▀▀▀▀▀▀▀▀▀▀▀▀     │      JINBI      │       T H E   G O L D E N   I C O     ▀▀▀▀▀▀▀▀▀▀▀▀
████████████                     JOIN ICO  -  21st  J U N E                     ████████████
▄▄▄▄▄▄▄▄▄▄▄▄          Whitepaper       Telegram       Twitter       Reddit           ▄▄▄▄▄▄▄▄▄▄▄▄
Himanshu111
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250



View Profile
October 12, 2017, 04:38:25 PM
 #4449

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 don't think that paper money is facing any competetion from Bitcoin simply because of the fact that paper money works offline and does not require any Internet for transactions. The confirmation time of transactions of paper money is zero.Paper money is also very stable because of the fact that the government backs it.  People mostly see Bitcoin as an investment as it has a very fast growth rate.

▄▄█████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███▀▀   ▀▀███▀▀   ▀▀███▄
▄███    ▄▄   ▀   ▄▄    ███▄

███▌  ▄█████▄ ▄█████▄  ▐███
████  ███████ ███████  ████
████▌ ▐█████████████▌ ▐████
▀███▀  ▀███████████▀  ▀███▀
▀██▄▄▄▄███████████▄▄▄▄██▀
▀█████████████████████▀
▀█████████████████▀
▀▀█████████▀▀
MOZO
|||
▄▄▀▀▀▀▀▀▀▀▀▀▀▀▄▄
▄▀▀ ▄▄▀▀▀▀ ▄▄ ▀▀▄▄ ▀▀▄
▄▀▀ ▄▀▄ ▄▄▄▀▀▀▄▄ █▀▄▄▀▀▄ ▀▀▄
▄▀ ▄▀▀ █ ▀▀█▀▄  ▐▌█ ▄▄▄▀▀▄▀▀▄ ▀▄
▄▀ ▀▄▄█▄█▀▀▄ ▀▀▀▄█ █▀▄▄▀▄▀▄██▄  ▀▄
▄▀ ▄█▄▄▄▀█▄▀▀▀▄▄▀▄█▀▀▀▄▄▄ ▀▄▄▄▄▀▀▄▀▄
█▄▀▄▄▀▀▄▀ ▄▄▀▀▄▀▀█▀▄▄▀▀█ ▀▀▄▄▄▄▀▀▀██
█▄▀▀█  █▄▀▀▄▄▀▀▄█▀▄▄▄▄▀▀▄█▀▀▄ ▐▌▄  ▀▄█
█▀▀█ ▄█ ▀▀█▄▄▄▀▀      ▀▀▀█▀▀▀▀▄▀▄▀▀▄██
█ ▀▄▀▄ █  ▄▄█ ▀▀▄▀  ▄▀▀▄▀█▀▄▄▀▄█ ▄ ▄ █
█ ▄ ▀▄█ ▄ ▄█ ▀██▀ █ ▀██▀ █ ▄█ █  █ █ █
█ █  ▄ █▄▀▀█     █       █▀▄ █   █ █ █
█ █  █  ▀█▀ █    ▀▄▀   █ █ █ ▀  ▄▀ █ █
█ █ ▀▄  █ ▄█▀▄ ▄▄▄▄▄ ▄▀▄▀█▄▀  ▄▀ █ █
▀▄ █ ▀▄  █ ▀▄▀▄▄ ▀ ▄▄▀▄▀ █▐▌ ▄▀ █ ▄▀
▀▄ █  ▀ ██▀▄▀▄▄▀▀▀▄▄▀  ▐▌█ ▀ ▄▀ ▄▀
▀▄ ▀▄▄  █ ▄▀▄▄▀▄▄▀▄▀▀▄▀▄  ▄▄▀ ▄▀
▀▄▄ ▀▄▄▀▀▀       ▀▀▀ ▄▄▀ ▄▄▀
▀▄▄ ▀▀▄▄▄▄▄▄▄▄▄▄▀▀ ▄▄▀
▀▀▄▄▄▄▄▄▄▄▄▄▄▄▀▀
.
VERSACE
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
38,000 STORES are
accepting MOZO TOKENS

Farma
Legendary
*
Offline Offline

Activity: 966
Merit: 1000


dApps Development Automation Platform


View Profile
October 12, 2017, 04:45:19 PM
 #4450

think again. I think paper money will still be in use in the future. because paper money is a practical means of payment for now, and can be used anywhere, even in places far from crowds, or technology.


            ▄▄▄▄
        ▄▄████████▄▄
    ▄▄████████████████▄▄
 ▄████████████████████████▄
██████████▀▀███████████████
██████████▄   ▀█████████████
████████████▄   ▀███████████
██████████████▄   ▀█████████
█████████████▀   ▄██████████
███████████▀   ▄████████████
██████████▄  ▄██████████████
███████████████████████████
 ▀████████████████████████▀
    ▀▀████████████████▀▀
        ▀▀████████▀▀
            ▀▀▀

⬢⬢

⬢⬢



       ▄▄▄▄
   ▄▄████████▄▄
▄██████████▀▀▀█▀█▄
██ ▀█████▀     ▀██
██▌   ▀▀▀      ███
███▄           ███
████▀         ████
▀████▄     ▄▄████▀
   ▀▀▄▄▄▄████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄████████████████▄
██████████▀▀  ▐███
██████▀▀  ▄   ████
███▀   ▄█▀   ▐████
████▄▄█▀     █████
▀█████▌ ▄▄▄ ▐████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄████████▄▄
▄███████▀   ▐████▄
████████  ▄███████
██████      ██████
████████  ████████
████████  ████████
▀███████  ███████▀
   ▀▀████████▀▀
       ▀▀▀▀


██████████████████



       ▄▄▄▄
   ▄▄██▀█▀███▄▄
▄███▀▀▀ ▀ ▀▀█████▄
██████ ████▄ █████
██████ ▀▀▀▀ ▄█████
██████ ▄▄▄▄ ▀█████
██████ ████▀ █████
▀███▄▄▄ ▄ ▄▄█████▀
   ▀▀██▄█▄███▀▀
       ▀▀▀▀


██████████████████
Flodemaga
Sr. Member
****
Offline Offline

Activity: 294
Merit: 250


View Profile
October 13, 2017, 12:49:36 AM
 #4451

Even knowing paper money is loosing space to credit and online transactions it still required for the  most merchants as way to pay, since they wont pay or loose any money with fiat payment, unlike online transaction with cards. Crypto does bring a new way to make business, and some coins are coming already with no fee transaction, soo in the end you will need to pay a fee to exchange those money to fiat and just, reducing the waste of the fee.

bustadice         ▄▄████████████▄▄
     ▄▄████████▀▀▀▀████████▄▄
   ▄███████████    ███████████▄
  █████    ████▄▄▄▄████    █████
 ██████    ████████▀▀██    ██████
██████████████████   █████████████
█████████████████▌  ▐█████████████
███    ██████████   ███████    ███
███    ████████▀   ▐███████    ███
██████████████      ██████████████
██████████████      ██████████████
 ██████████████▄▄▄▄██████████████
  ▀████████████████████████████▀
                     ▄▄███████▄▄
                  ▄███████████████▄
   ███████████  ▄████▀▀       ▀▀████▄
               ████▀      ██     ▀████
 ███████████  ████        ██       ████
             ████         ██        ████
███████████  ████     ▄▄▄▄██        ████
             ████     ▀▀▀▀▀▀        ████
 ███████████  ████                 ████
               ████▄             ▄████
   ███████████  ▀████▄▄       ▄▄████▀
                  ▀███████████████▀
                     ▀▀███████▀▀
           ▄██▄
           ████
            ██
            ▀▀
 ▄██████████████████████▄
██████▀▀██████████▀▀██████
█████    ████████    █████
█████▄  ▄████████▄  ▄█████
██████████████████████████
██████████████████████████
    ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
    ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
       ████████████
[bustadice.
Play
bustadice]
Protomono
Full Member
***
Offline Offline

Activity: 378
Merit: 100



View Profile
October 13, 2017, 03:16:03 AM
 #4452

Paper money maybe will lose, but certainly takes very long time. And indeed, now a technological era where financial transactions can be done using card or even in the presence cryptocurrency will further accelerate the displacement paper money.

⚡️ IAGON — WE REVOLUTIONIZE THE CLOUD ⚡️ | TOKEN SALE | DISCUSSION |
anhhung409
Full Member
***
Offline Offline

Activity: 260
Merit: 100


View Profile
October 13, 2017, 03:36:58 AM
 #4453

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?

In the near future, I think paper money will continue to grow as human needs are still paper money. But in the distant future, as people grow, things become more modern then I think paper money will be replaced by digital money. Because of the increasing demand of people, they have to be fast, convenient and easy to navigate, but they have to be high security and global transactions that can be used anywhere in the world and digital money meets those requirements

pejuang_mamak
Full Member
***
Offline Offline

Activity: 350
Merit: 101



View Profile
October 13, 2017, 03:41:12 AM
 #4454

Paper money maybe will lose, but certainly takes very long time. And indeed, now a technological era where financial transactions can be done using card or even in the presence cryptocurrency will further accelerate the displacement paper money.
if you can quickly replace the paper money means cryptocurrency will be increasingly known to many people and the more expensive the price but maybe it will impact on the currency of the country that resulted in such a country of China

      S P O R T S F I X           ●   BE A GAME CHANGER   ●
|     Whitepaper     |     Twitter     |     Telegram     |     Medium     |
████████████ [ Join SPORTSFIX ] ████████████
gunungkembar
Copper Member
Member
**
Offline Offline

Activity: 308
Merit: 16


ImmVRse | Disrupting the VR industry


View Profile
October 13, 2017, 04:05:38 AM
 #4455

the future of of the paper money will echange to digital money or digital currency using digital more healhty and safe the jungle

eekkaa
Full Member
***
Offline Offline

Activity: 252
Merit: 100



View Profile
October 13, 2017, 05:40:52 AM
 #4456

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?


the future of paper money will be echange to digital money like bitcoin, about 10 years to come

DCCDistributed Credit Chain
    Empower Credit, Enable Finance   
GithubFacebookMedium ‹‹‹dcc.finance››› RedditTwitterTelegram
kpcian
Hero Member
*****
Offline Offline

Activity: 686
Merit: 529


View Profile
October 13, 2017, 06:18:29 AM
 #4457

I am sure that paper money will last for a long time besides digital money. Because most of the people don't want to use the digital money due to getting the lack of credibility. they usually want to make their transaction in the conventional system. so paper money will be used until this financial system exists.

                 ▄▄██████████████▄▄
             ▄███████████████████████▄
           █████████████████████████████
         ███▀▀█████▀▀ ██  ██  ▀▀██████████
        ██▀ ▄  ▀      ██  ██      ▀█████████
       █▀ ▄██▀        ██  ██        █████████
      ▀ ▄███▌      ███████████▄▄  ▄███████████
      ▄████▌        ▀██████████████████████████
    ▄██████     ██▄   ▀███████████████████████████▀
  ▄████████    █████▄▄  ▀███████████████████████▀
▄██████████    ████████▄  ▀███████████████████▀
    ███████    ██████████▄   ▀██████████████▀ ▄█
    ███████    ████████████▄▄  ▀██████████▀ ▄███
    ███████▌    ██████████████▄  ▀██████▀ ▄████
     ███████      ██████████████▄  ▀██▀ ▄██████
      ███████▄      ▀██████████▀      ████████
       ████████       ██  ██        █████████
        █████████▄    ██  ██     ▄██████████
          ██████████▄▄██▄▄██▄▄▄███████████
            ████████████████████████████
              ▀██████████████████████▀
                  ▀▀████████████▀▀
                   

LocalCoinSwap
   World's Most Inclusive 
         Cryptocurrency Marketplace
[]
██████████████
█████████████████
██░░░░░████████████
██░░░░░██████████████
█████████████████████
██░░░░░░░░░░░░░░░░░██
█████████████████████
██░░░░░░░░░░░░░░░░░██
█████████████████████
██░░░░░░░░░░░░░░░░░██
█████████████████████
█████████████████████
TELEGRAM
TWITTER
FACEBOOK
REDDIT
INSTAGRAM
MEDIUM
LINKED IN
STEEMIT
TheGreatPython
Sr. Member
****
Offline Offline

Activity: 476
Merit: 252



View Profile
October 13, 2017, 11:02:19 AM
 #4458

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.

I believe that fiat currency will last forever but paper money will be replaced by digital currency issued by governments. This is the future.
The paper currency now is usable all over the world and in the future it will be, because digital currency is not acceptable in many countries till date. Therefore I realize in the near future there is no chance for its death, but in the long run it may be disappear from the world.

But it depends upon the trust and faith of the people and also the investment. When all the people convert their paper currency to digital one that will be the end of paper currency.

Moonrunner
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
October 13, 2017, 11:09:18 AM
 #4459

I think bitcoin can easily get paper money because it is really popular right now and the market is doing very good actually. So bitcoin might as well get paper money and be like the second paying method in the world.
biskitop
Full Member
***
Offline Offline

Activity: 406
Merit: 101


“Your professional profile on the blockchain”


View Profile
October 13, 2017, 11:11:04 AM
 #4460

I think there is no problem with paper money, though in the future bitcoin as a digital currency is getting more and more popular in use. I think people still need paper money for payment directly, especially when doing transactions in traditional markets.

Pages: « 1 ... 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 [223] 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 ... 286 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!