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Author Topic: The future of the paper money  (Read 414610 times)
Asmonist
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October 23, 2017, 11:05:43 PM
 #4501

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.

Yes I agree. 10-20 years paperless money would be possible soon. Though its so risky but I think the authorities can implement or formulate regulations of bitcoin usage. If paper money will be eliminated we can also save our nature because paper money are from the trees. People are increasing and our forest are getting small. We need to preserve our trees also. Paper money in the future will be eliminated.



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October 24, 2017, 04:35:58 AM
 #4502

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.
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October 24, 2017, 04:47:45 AM
 #4503

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.

Paper money does not have actual value only perceived value whereas Bitcoin has real, legitimate value.

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October 24, 2017, 04:50:39 AM
 #4504

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.

Paper money does not have actual value only perceived value whereas Bitcoin has real, legitimate value.
We believe on that because we are supporting bitcoin but we know that bitcoin would not be widely use without paper money or fiat.
Bitcoin is just a payment system according to the government and it cannot stand alone with fiat.


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October 24, 2017, 04:55:12 AM
 #4505

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.
That actually depending on the situation, in general we cannot say bitcoin is better that paper money as majority if not all of the people are still using paper money. Bitcoin is still young but it has a big potential so we are very optimistic with its success but if we are realistic we will realize that we are far behind in terms of success because paper money are still easy to use and people trust it.

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October 24, 2017, 05:03:04 AM
 #4506

I personally don't think that paper money will be banned.Because there's still majority percent are using paper money only a few of us who are using crypto currency through bitcoin has a real value but the future of paper money is safe

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October 24, 2017, 05:03:31 AM
 #4507

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?

Clearly I see the future, even electronic money will be if accepted, then transferred to paper. This is money that is felt and people believe in them. And to the electronic yet not used, do not even know the mechanism of payment.

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October 25, 2017, 11:05:07 AM
 #4508

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.

Paper money does not have actual value only perceived value whereas Bitcoin has real, legitimate value.
It is really very much difficult to comment on this thing right now. It is because of the reason that still there are so many people who are only using paper money and they don’t know about bitcoin. It will take a lot of time to see cashless society.

In fact, I think it is nearly impossible sort of thing. Paper money will remain at its own place but the number of people holding paper money will be reduced.


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October 25, 2017, 11:08:41 AM
 #4509

I personally don't think that paper money will be banned.Because there's still majority percent are using paper money only a few of us who are using crypto currency through bitcoin has a real value but the future of paper money is safe

The thing here is, who will ban the paper money or the fiat? The government will not be using a digital currency as their national currency since it is decentralized. They may create a digital currency but it will not be a decentralized one. Many people are still using fiat since a lot more people do not know what a digital currency is.


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Chrystora123
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October 25, 2017, 11:18:22 AM
 #4510

I think the use of paper money will decrease in the future, environmental lovers definitely support the use of digital money
because it is more environmentally friendly ..

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October 25, 2017, 11:35:21 AM
 #4511

Paper money is unique among payment instruments in that anyone can transact anytime,anyplace.It is considered more convenient and versatile.No matter what, the connection with paper money will be hard to break.
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October 25, 2017, 12:12:42 PM
 #4512

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.
The future of paper money is fully secured and established.It cannot disapper in the future.The daily transactions in the world are done by paper money.The illiterate and common man still use paper money for daily livings.Banks also give us paper money for loans.They do not pay us in cryptocurrencies as they do not have any control on cryptocurrencies.Many nations still do not know about the cryptocurrencies and cash is the only way.Cryptocurrencies are also in demand but it will it take many decades for them to compete with the paper money or fiat money.

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October 25, 2017, 12:51:47 PM
 #4513

Paper money continues exist because government needs it to show existence. So, difficult if paper money will disappear, even to be replaced with a digital currency. Because bitcoin or altcoin exists to make it easier and not to replace because has no regulator its circulation.

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October 25, 2017, 01:08:02 PM
 #4514

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 agree, governments are wise when it comes to money that’s why even thou cryto currency keeps on upgrading still paper money cannot be replaced easily. Many people likes to have their money right on their hands but still it safer if it is not.
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October 25, 2017, 01:22:38 PM
 #4515

Paper money will nonetheless lived on and will be employed by folks about the entire world,people living in locations in which internet is not able will use paper income and wont use bitcoin.
Well in my opinion paper money has his own value and cryptocurrency have his own value but bitcoin is batter than paper money because it’s easy to carry and you can take it with yourself anywhere any place without any fear and secondly its price is high than any other currency if you will exchange bitcoin in any currency so its price will be high.
That actually depending on the situation, in general we cannot say bitcoin is better that paper money as majority if not all of the people are still using paper money. Bitcoin is still young but it has a big potential so we are very optimistic with its success but if we are realistic we will realize that we are far behind in terms of success because paper money are still easy to use and people trust it.
Society will develop, people will follow the trend of modernization, although paper money has become a habit of many people but this life needs development, we can not use paper money forever, paper money will be replaced by something more modern. However, it will be a very long time, it belongs to a distant future, we can not know when, and I believe that Bitcoin is not an option to replace paper money, the government does not support and does not accept bitcoin, it is not under the control of the government, and many people do not trust it. My opinion is that the government relies on the technology of bitcoin and altcoin to create a new currency that belongs to their country in the future.

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October 25, 2017, 01:32:13 PM
 #4516

The future of paper money is secure,  according to me.  I think paper money will no go out of our economy.  It may be possible that uses of paper money will be get minimised may be in future. Money in form of paper is so well established that it's removal is not possible from the system.  Most of the transaction take place in the world are in the form of paper money by the banks and this is can not be easily removed. Banks also become a major part of our economy that removal of them is not possible and banks is based on paper money. Banks and paper money are the core of economy and they will get modify in future.  
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October 25, 2017, 03:26:03 PM
 #4517

The use of direct transactions with paper money continues to decline, we can see that payments on toll roads, hospitals, hotels, restaurants to online shopping do not use paper money, it makes me believe that the future of paper money will soon disappear.

I agree with you. Just like today, people using credit cards instead of paper money. Bill are already paid thru online payments which banks also provided with the partnership of the goverment. I think the future of paper money will be obselite in the future because of this. Paper money will be antique in the future so spare some of it. It will become a token of the past.😁

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October 25, 2017, 03:33:37 PM
 #4518

I do not think digital currency will be more safety. It can cause higher development of hackers who will trying stole our money and other expensive things.

In my opinion paper money are more safety

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October 25, 2017, 05:13:10 PM
 #4519

The temperature of the earth continues to increase, this is due to the decline of plants and large trees, most of the trees are cut down for the needs of industry and one of them is for the needs of paper money, with this fact then I believe the future of paper money will soon be disappear.

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October 25, 2017, 05:29:53 PM
 #4520

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?

It will nerver gonna happen you can not just ban a physical money, remember that physical money is fixed while digital currency is volatile.

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