Bitcoin Forum
October 21, 2018, 09:28:28 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 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] 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 ... 286 »
  Print  
Author Topic: The future of the paper money  (Read 414997 times)
plucking23
Member
**
Offline Offline

Activity: 62
Merit: 60


View Profile
October 13, 2017, 12:17:12 PM
 #4461

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?

everything is temporary even paper money
they will be exchange by something that is greater with it
I think it would work because its already happening

1540114108
Hero Member
*
Offline Offline

Posts: 1540114108

View Profile Personal Message (Offline)

Ignore
1540114108
Reply with quote  #2

1540114108
Report to moderator
1540114108
Hero Member
*
Offline Offline

Posts: 1540114108

View Profile Personal Message (Offline)

Ignore
1540114108
Reply with quote  #2

1540114108
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
kamilah147
Full Member
***
Offline Offline

Activity: 448
Merit: 100


PlayGame.com


View Profile
October 13, 2017, 01:06:37 PM
 #4462

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
if I think the paper money will not be invincible, because paper money is something that has been built before bitcoin appears. in this case also paper money is a symbol for the country. because this is the struggle of the heroes of the past. so we as a successor must guard it, not replace it.

──────⟩   PLAYGAME   ⟨──────
Whitepaper Powering real economy in the gaming world Onepager
Telegram ENG / IND Group Channel ⟩──MediumTwitterYouTube
AjithBtc
Sr. Member
****
Offline Offline

Activity: 658
Merit: 250


View Profile
October 13, 2017, 01:09:55 PM
 #4463

Without paper money we could have never thought of such an innovation. So this will serve as the base for the entire economic framework. In particular without paper money nothing will function, some countries have digitalized their currency, but haven't abolished paper money. So till the last minute of the world paper money gets used.

   
████████
██████████████
█████████████████
███████████████████
████████████████▌▐████
██████████████
███████████
█████████▒▒
███████████
████████
██████████
██████████████
█████████████████▐█████
████████████████▌▐████
████████████████████
██████████████████
███████████████
████████
|
The ProFish online marketplace & tournaments
Twitter ⋄❖⋄ Telegram ⋄❖⋄ Facebook ⋄❖⋄ Instagram

|
listed on MERCATOX
═⟹  Community  ⟸═
ausbit
Legendary
*
Offline Offline

Activity: 1134
Merit: 1015



View Profile
October 13, 2017, 01:13:21 PM
 #4464

Paper money will stay forever.
Why? Because its easier to make than coins.

Yes paper money would last forever because the first money that we have.it is also our currency that can we used to buy other things.but there is also an important thing about coins its can helps us because it is digital currency that we can used in electronic system.
I do not agree with you because with the passage of time everything change and so will be happens with the paper money. If we look the past there was no paper money. All the trade would be done through barter system.

Then gold took place and then after a long tine paper money was introduced and now the time comes that digital currency will take place and the paper money will be disappear.

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















❱❱
❰❰

Tukang Becak
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500



View Profile
October 13, 2017, 04:35:09 PM
 #4465

Although the use of paper money for transactions is diminishing as many countries are diverting to digital money but I am sure that paper money will always exist and will never disappear.

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

█ █████  ▀▀ █▄▄▄▄▄▄▄█████ █
█ █████  ▄▄▄▄▄▄▄▄▄  █████ █
█ █████  ▄▄▄▄▄▄▄▄▄  █████ █
█ █████  ▄▄▄▄▄▄▄▄▄  █████ █
█ █████  ▄▄▄▄▄▄▄▄▄  █████ █
█ █████             █████ █
█ ███████████████████████ █
▀█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█▀
▄█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▄
█ ███████████████████████ █
█ ███████████████████████ █
█ ████▀███████▀   ▀▀▀▄███ █
█ ███▌  ▀▀███▌       ▄███ █
█ ███▀               ████ █
█ ███▄              █████ █
█ ████▄            ██████ █
█ █████▄▄        ▄███████ █
█ ████▄       ▄██████████ █
█ ███████████████████████ █
█ ███████████████████████ █
▀█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█▀
▄█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▄
█ ███████████████████████ █
█ ███████████████████████ █
█ ████████████████▀▀█████ █
█ ███████████▀▀▀    █████ █
█ ██████▀▀▀   ▄▀   ██████ █
█ ███▄     ▄█▀     ██████ █
█ ██████▄ █▀      ███████ █
█ ███████▌▐       ███████ █
█ ████████ ▄██▄  ████████ █
█ ██████████████▄████████ █
█ ███████████████████████ █
▀█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█▀
▄█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▄
█ ███████████████████████ █
█ ███████████████████████ █
█ ███▄    ███████▀   ▄███ █
█ ████▌    █████▀    ████ █
█ ████▌     ███▀     ████ █
█ ████▌▐█    █▀ █    ████ █
█ ████▌▐██     ██    ████ █
█ ████▌▐███   ███    ████ █
█ ███▀  ▀███ ███▀    ▀███ █
█ ███████████████████████ █
█ ███████████████████████ █
▀█▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄█▀
██..JOIN SPORTSFIX..
ugarpice
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
October 13, 2017, 08:16:47 PM
 #4466

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?


Maybe that would happen in 30 or 50 years time. We cannot determine when will the cash be gone and replaced by bitcoin. The paper money is protected and regulated hy the government thats why it wodmbe gone soon.
BarbieCasino
Sr. Member
****
Offline Offline

Activity: 546
Merit: 250


View Profile
October 15, 2017, 04:31:16 PM
 #4467

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?

everything is temporary even paper money
they will be exchange by something that is greater with it
I think it would work because its already happening

The future of the paper money is now very dull according to me, the people are aware of the new technologies and they are using these things for the betterment of the bitcoin and the crypto currency, the value of the bitcoin is high and the importance of the bitcoin is increasing more and more. The bitcoin is now being use by a lot of the people and the future of the crypto currency is very bright as compare to the fiat money.

BarbieCasino                  ▄▄▄       ▐▄
                 ▄████▄   ▄▄  █▄
               ▄▀██████  ▄ ▐█▄ ██
           ▄▀▀   █▀█████  █ ▐█ ▐█▌
      ▄▄▄█▀      ▐▌ ████▌ ▐█ █▌ ██
  ▄▄█████         █ █████  █ █▌ █▌
▐████████         ▐▄▐████ ▐▌ █  █
▐██████████▄▄▄▄▄▄  ▀█████      ▐▀
      ▀███▌        ▀▀███
        ███▄
        ▐███
          ▀▀
p r o j e c t
p r o m o t i o n



                           ▄▀▀▀▀▀▀▀▄▄
                         ▄▀         ▀█
                        █▀       ▄██  █
                 ▐████▌ █  ███▄▄██▀   █
                 ▐▌     █▄  ▀███▀     █
                 ▐▌      ▀▄         ▄█
       ▄███▄     ▐▌        ▀█▄▄▄▄▄▄▀
       █████     ▐▌
       █████     ▐▌
     ▄▄█████▄▄   ▐▌        ▄█▀▀▀▀▀▀▄
                 ▐▌      ▀▀         ▀█
                 ▐▌     ▄▌  ███▄▄██   █
                 ▐█▀▀▀  █    ▀███▌    █
                        █▄  ███▀███   █
                         █▄         ▄█
                           ▀▄▄▄ ▄▄▄▀▀
Moderation
S e r i v c e
   
▓█
▓▓                           ▄▄▄
▓▓                            ▓██
▓▓                          ▄█  ▀
▓▓                █▓▄     ▄█
▓▓               █▀▀▀▀▀▀█▓▌
▓▓     ▐▓▓█▄   ▓▀
▓▓    ▄█    ▀▓▓▌
▓▓  ▄█▀
▓▓
▓▓▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
Social media
  Network
Marketing
johnne
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
October 16, 2017, 12:10:27 PM
 #4468

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.
Blackwhite69
Sr. Member
****
Offline Offline

Activity: 532
Merit: 250



View Profile
October 16, 2017, 12:15:40 PM
 #4469

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?

everything is temporary even paper money
they will be exchange by something that is greater with it
I think it would work because its already happening

The future of the paper money is now very dull according to me, the people are aware of the new technologies and they are using these things for the betterment of the bitcoin and the crypto currency, the value of the bitcoin is high and the importance of the bitcoin is increasing more and more. The bitcoin is now being use by a lot of the people and the future of the crypto currency is very bright as compare to the fiat money.

I have felt it because it seems that virtual currency is now very much the talk of everyone around the world.
Everyone told me about it.


░░░░░░▄▄█▀▀▀▀▀▀▀▀█▄▄

░░░░▄█░░▄▄▄▄▄▄▄▄▄▄░░█▄
░░▄█░░▄█░░░░░░░░░█▄░░█▄
░░▄█░░░░▄███▄░░░░░█▄░░
░░░░░░░░░░░░░░░░░
░░░░░░░░█▄░░░░░░░
░░░░░░░░██░░░░░░░░░
░░░░░░░░░░░░░░░░░
░░░░░░░░░░░░░░░░░
░░▀█░░░░▀███▀░░░░░█▀░░
░░▀█░░▀█░░░░░░░░░█▀░░█▀
░░░░▀█░░▀▀▀▀▀▀▀▀▀▀░░█▀
░░░░░░▀▀█▄▄▄▄▄▄▄▄█▀▀
[Facebook] •--»  DECOIN  «--• [Bounty]
[World's leading Cryptocurrency Exchange and Trading Platform]
ANN Telegram Whitepaper Twitter
Bitcoincole
Full Member
***
Offline Offline

Activity: 448
Merit: 102



View Profile
October 16, 2017, 01:00:26 PM
 #4470

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.


Digital currencies are already in its verge of popularity especially in higly developed countries.However, I don't believe that paper money will lose its value anytime in the future.Maybe lesser percentage of people will be using it in the rich countries but in the third world countries paper money will still be the leading source of payments.

futile-resistance
Hero Member
*****
Offline Offline

Activity: 686
Merit: 508



View Profile
October 17, 2017, 07:26:00 AM
 #4471

the future of of the paper money will echange to digital money or digital currency using digital more healhty and safe the jungle
This is something for which we need to wait, only then we can know exactly what will happen. In my opinion, paper money will remain at its very own place in the future and people will keep on using paper money as well. This might happen that the use of paper money will become less but it cannot be entirely vanished out from this society.

Platio
Smart Banking Ecosystem


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

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


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

                                     ████
                             ▄█████████████████████
                          ████▀      ████
                       █████
                     ████
                  ████
               ████
           █████
██████████████ ████████ ██████ ████████ ██████████
           █████
               ████
                  ████       
                    █████
                       █████
                          ████▄          ████
                             ▀██████████████████████
                                         ████
Smart Banking Ecosystem for crypto, fiat and
stocks, based on EOS blockchain technology

.
GET WHITELISTED NOW
Platio
Smart Banking Ecosystem
supercanada1
Sr. Member
****
Offline Offline

Activity: 658
Merit: 250



View Profile
October 17, 2017, 06:03:27 PM
 #4472

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.


Digital currencies are already in its verge of popularity especially in higly developed countries.However, I don't believe that paper money will lose its value anytime in the future.Maybe lesser percentage of people will be using it in the rich countries but in the third world countries paper money will still be the leading source of payments.
Yes the popularity of the digital currency is increasing, more and more people more investing in the digital currency so I think it is very good to buy the bitcoin and then hold the bitcoin for more profit, the digital service is now available in all the areas of the country and a lot of people are investing in it. The more you will make it popular the more you will be able to get the profit through using the digital currency only.

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Everything that makes you vital
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

████████████  █████  WHITEPAPER  █████  ████████████
███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███
▄▄███████████▄
▄███▀▀▀▀▀▀▀▀▀████
███           ▀███
███            ███
███   ▄█████▄  ███
███  ███▀▀▀████▄▀
███  ██     ▄▀███▄
███  ███▄▄▄███ ▀███▄
███   ▀█████▀    ▀███
███               ███
███              ▄███
▀███▄▄▄▄▄▄▄▄▄▄▄▄████
 ▀▀██████████████▀▀
BitVit███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███
███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███

███  ███  ███
drlukacs
Sr. Member
****
Offline Offline

Activity: 490
Merit: 250



View Profile
October 17, 2017, 06:47:49 PM
 #4473

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
if I think the paper money will not be invincible, because paper money is something that has been built before bitcoin appears. in this case also paper money is a symbol for the country. because this is the struggle of the heroes of the past. so we as a successor must guard it, not replace it.
You also know the fact is we do not have much people use paper money in large countries as U.S, China, U.K ... Most people are using Visa/Mastercard instead of bring wallet have paper money, of course, the benefit of Visa/Mastercar has overcome paper money. So, I think in someday, we will not need to use paper money is possible.


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

⬢⬢

⬢⬢



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


██████████████████



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


██████████████████



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


██████████████████



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


██████████████████
usorin
Hero Member
*****
Offline Offline

Activity: 952
Merit: 500


Romanian translator


View Profile WWW
October 17, 2017, 07:30:51 PM
 #4474

If we look back in the history we can imagine those big oversized note from the chinese (they introduced the paper money), and if we compare it with the present paper or brother plastic money i would say that it is inevitable to avoid the digital money. Paper money brings a lot of trouble and they are more expensive, and not for last, they can't be traced so it is harder to find out what where goes...so the paper money will vanish at some point.

████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ████████████ ████████████████ ████████████ ██████████████████████████████████████████████████████████ ██████████████████████████████████████████████████████████ ████████████████████████████████████████████████████████ ████████████████████████████████████████████████████████ ██████████████████████████████████████████████████████ ██████████████████████████████████████████████████████ ████████████████████████████████████████████████████ ████████████████████████████████████████████████████ ██████████████████████████████████████████████████ ████████████████████████████████████████████████
M ▄▄█▀▀█▄▄ ▄█▀ ▀█▄ ▄█ ▄██▄ █▄ █ ██████ █ █▄ ▀████▀ ▄█ █▄ ▀▀ ▄█ ▀█▄▄ ▄▄█▀ ▀▀▀▀ N ██ ▄▀▀▄ █ █ █ █ ▄▀ ██ ▀▄ █ ████ █ █ ██ █ ▀ ▀ R C H █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ FACEBOOKTWITTERTELEGRAMREDDIT
z38630610
Legendary
*
Offline Offline

Activity: 1053
Merit: 1000



View Profile
October 17, 2017, 08:07:57 PM
 #4475

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?


You should think about how many people use credit or bank cards or mobile payment systems. If it grows paper money will start to lose reputation. Maybe 30 or 40 years later, there will be no paper many in the world. İmagine that all people uses mobile phones for payment.

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

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

Activity: 840
Merit: 500



View Profile
October 18, 2017, 03:29:29 AM
 #4476

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?


You should think about how many people use credit or bank cards or mobile payment systems. If it grows paper money will start to lose reputation. Maybe 30 or 40 years later, there will be no paper many in the world. İmagine that all people uses mobile phones for payment.
It's actually growing and yet the demand of paper money is still here, paper money might less demand but it not be loss in circulation.
A lot of people are still relying on paper money in their transaction so it will stay and we can only see a lot of choices and we choose based on our convenience.

JTASSOCIATES
Full Member
***
Offline Offline

Activity: 182
Merit: 100


View Profile
October 18, 2017, 04:02:39 AM
 #4477

In my point of view at least for next 100 years the paper money will exist because still people don't have access to internet and it will take more 50 years to have internet whole world then government has to define the digimoney according to their country required tax format.

So it is not that much easy for time being to avoid or quit from Paper money. The revolution has been initiated and start using by people next generation like to use cards and net payments which is actually required one and we no need to panic about the paper money.

In my life since 10 years paper money usage is max 25% all financial and purchase transaction through cards and Netbanking only. Hope very soon paper money will disappear.

▂▂▃▃  TRADE CRYPTOCURRENCIES | INDEXES | FUNDS ▃▃▂▂
●▬●▬●▬●▬●▬●▬●▬●▬●▬●▬●▬● BITOTAL.COM ●▬●▬●▬●▬●▬●▬●▬●▬●▬●▬●▬●
░▒▓█ DEPOSIT BONUS | 0% TRADE FEES | WIDE COIN OFFER | EXCLUSIVE ICO'S █▓▒░
Himanshu111
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250



View Profile
October 18, 2017, 04:35:13 AM
 #4478

If we look back in the history we can imagine those big oversized note from the chinese (they introduced the paper money), and if we compare it with the present paper or brother plastic money i would say that it is inevitable to avoid the digital money. Paper money brings a lot of trouble and they are more expensive, and not for last, they can't be traced so it is harder to find out what where goes...so the paper money will vanish at some point.
You are saying that fiat money will vanish in future.It cannot happen at any cost.I don't think it will ever happen in future.I believe that paper money or fiat money will always exist in future and till the end of mankind.But on the other hand cyptocurrency will also have an important part.So I think that both the currencies will go hand in hand in the future and we should try to get profit from of them.Fiat money is used all over the world and in all soughts of transactions.Moreover,a large percantage of people in the world have not even heard about the cryptocurrencies.
tkamal
Jr. Member
*
Offline Offline

Activity: 53
Merit: 10


View Profile
October 18, 2017, 05:03:29 AM
 #4479

I don't think paper money will be wiped out from the world in near future also. We can expect the next three or four generation it is possible to finish the Paper money maximum as we can say almost nil. To see that may we not alive likely Bitcoin will be there to see all the changes till the world exist.

◤ ─────────────── PROJECT PAI ─────────────── ◥
│       DECENTRALIZED PLATFORM FOR INTELLIGENT AVATARS       │ (https://projectpai.com/)
◣ ─── JOIN PROJECT PAI TELEGRAM TO GET FREE TOKENS ─── ◢ (https://t.me/projectpai)
steveabrahams
Sr. Member
****
Offline Offline

Activity: 588
Merit: 251


View Profile
October 18, 2017, 05:05:30 AM
 #4480

I don't think paper money will be wiped out from the world in near future also. We can expect the next three or four generation it is possible to finish the Paper money maximum as we can say almost nil. To see that may we not alive likely Bitcoin will be there to see all the changes till the world exist.

Paper money will still exist even the digital money comes in the future, the different is a place like a village, downtown and some outside place will be hard to adopt digital money on there. People already fine using paper money and it takes time to courage them to use digital money such bitcoin.
Pages: « 1 ... 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] 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 ... 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!