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Author Topic: The future of the paper money  (Read 414692 times)
Bella Thorne
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December 12, 2017, 02:22:32 PM
 #4941

Paper money is much needed to control the market since they can always count how much paper money they release.
I think the future of paper money is also bright because paper money is all people needs to buy there daily needs in life and paper money is people needs to use for paying there expenses so i am sure that even in the future paper money is we will have sa bright future.

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December 12, 2017, 02:26:46 PM
 #4942

I think paper money will last as long the citizens of the country still need it. It will last 20 or 30 years from now. Even many e commerce and bank trying to replace paper money its still need more time to educate people to plastic money and electric money. If the secure of electric money increase and get more previllage from e-money its not impossible the paper money will lost the existence.

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December 12, 2017, 02:42:23 PM
 #4943

banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.

The cryptocurrency or the crypto money cannot be controlled by the government but as long as majority of people are still using fiat, we are still gonna
covert our bitcoin to fiat which in such case we will be able to pay taxes since the government can control the exchanges.
physical money will femain forever.because we must accept that virtual
money can only support the transaction over internet and with electricity power.
but the physical money will do the rest.and the virtual money has a limited
function in our daily needs.not like physical that can cover all

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December 12, 2017, 04:22:32 PM
 #4944

banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.

The cryptocurrency or the crypto money cannot be controlled by the government but as long as majority of people are still using fiat, we are still gonna
covert our bitcoin to fiat which in such case we will be able to pay taxes since the government can control the exchanges.
physical money will femain forever.because we must accept that virtual
money can only support the transaction over internet and with electricity power.
but the physical money will do the rest.and the virtual money has a limited
function in our daily needs.not like physical that can cover all

The future of the fiat money is very dull, in the future the fiat money may disappear because bitcoin give such facilities to the holders that the paper money can't. Also the rate of the rising in the value of the bitcoin is very high while the value of the paper currencies considers fixed which also effect fiat currencies and make bitcoin great. The security of the paper currency is very low which bitcoin have a strong security.

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Sweeet123
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December 12, 2017, 05:34:47 PM
 #4945

As of now the world is not ready to completely go digital currency, this would be a big change for people ,and I am pretty sure not everybody is ready to embrace such a big change, people still trust and rely on paper money, so yes coming to the future of paper money, it still has a long way to go
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December 12, 2017, 05:41:15 PM
 #4946

As of now the world is not ready to completely go digital currency, this would be a big change for people ,and I am pretty sure not everybody is ready to embrace such a big change, people still trust and rely on paper money, so yes coming to the future of paper money, it still has a long way to go
agree with you. even many people who complain about the use of bitcoin, even some countries make it illegal. certainly, this makes the use of paper money to be higher and can not be left behind.

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futuret
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December 13, 2017, 06:45:29 PM
 #4947

banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.

Not all the people think like this several courtiers are even thinking to make bitcoin as the legal and regular money of their country. For me whenever I go to some markets I mostly saw a board written as bitcoin payment service is available. So it is not a big deal to have bitcoin now a lot of countries are going to make it legal. Bitcoin demand is now very high and people are using it as legal currency so future of paper money it in danger zone.

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December 13, 2017, 09:07:24 PM
 #4948

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?

If those first world countries start doing that, others will follow. But I think paper money would not totally be banned because not all people can do digital or online transaction. Also, not all stores are online or virtual. They would still consider those small businesses especially in those countries with a lot of street vending.

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December 13, 2017, 11:22:58 PM
 #4949

As of now the world is not ready to completely go digital currency, this would be a big change for people ,and I am pretty sure not everybody is ready to embrace such a big change, people still trust and rely on paper money, so yes coming to the future of paper money, it still has a long way to go
agree with you. even many people who complain about the use of bitcoin, even some countries make it illegal. certainly, this makes the use of paper money to be higher and can not be left behind.
We are talking about the world which is compose of big population, I think we will not see even in the future that majority of people
will be using digital currency and if ever they will use I am sure it's not bitcoin, they will always keep safe using what the government tell them to use.
Paper money is very helpful to all people, that would make it stay and will continue to satisfy people with a simple and easy transaction using paper money.

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andrei56
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December 14, 2017, 01:55:56 AM
 #4950

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

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

I think the future of the paper money is secure. Cryptocurrencies will never replace and surpass the fiat currency. People are prefer to use fiat money than digital money.
Things are not so simple, people are not going to keep custom, if bitcoin or another cryptocurrency is better then people are going to begin to use it, that is just the way technology works, we had the telegraph then the telephone, then mobile phones and now we have smartphones.

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December 14, 2017, 02:35:37 AM
 #4951

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 guess Paper money will still exist,Paper money, credit cards and bitcoins are what i have today for my use in transactions. although maybe the value of transactions that happened not as much as a few years ago, the more progressive world where people continue to innovate to create things faster, practical and mobile. Bitcoin is another option as a means of payment.

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December 14, 2017, 03:04:48 AM
 #4952

The current transaction with paper money continues to decrease so that many countries plan to replace with digital money, in addition to easy to control the use of digital money is not destructive nature because paper money raw materials are paper that comes from trees.

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December 14, 2017, 03:09:35 AM
 #4953

There is no future for paper money, many countries are spend a lot of fund only for the maintenance of paper money. We should  moving forward by leave the conventional medium of exchange to the new one. We ahve to looking for the better currency than paper noney.







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December 14, 2017, 03:26:44 AM
 #4954

There is no future for paper money, many countries are spend a lot of fund only for the maintenance of paper money. We should  moving forward by leave the conventional medium of exchange to the new one. We ahve to looking for the better currency than paper noney.

It's not about the funds being use but the convenience in using it, if people will still use paper money then we can always expect that will
continue in the circulation, it's the majority will win in the end and we know majority are using paper money.

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December 14, 2017, 06:26:36 AM
 #4955

banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.

This will happen yes, but in coming few years. If you talk about like few decades later, believe me bitcoin will be the super currency of the world and at that time, you will see the surpassing of bitcoin over these paper currencies. The coming near future is safe of paper money because bitcoin isn’t prevailed all around the globe. It is needed to be spread but that will definitely takes time.

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December 14, 2017, 08:48:44 AM
 #4956

True. I believe that paper money will soon be replaced by cryptocurrencies because of its efficiency, convenience and near real-time value. People will soon realize how convenient it is to transact using digital currencies because by then there will be equal value of what we buy and/or sell. Like for instance, you need not wait for change when you pay using fiat currency because by using cryptocurrencies, there is an actual equivalent to your purchase. That is just one of the many instances you will later realize once cryptocurrencies dominate the market. 

   I think the same! No one can say when will this happen, reality is that now
cash have alternative, 10 years ago this alternative did not exist.
   Real-time value is something that is not yet achieved, from there all fluctuations
come.
   This year many new ICO`s appeared, and many companies joining. In my opinion
the end of traditional currencies already started! Member Zinkin said it will be a long
process and that is true, it will be but it is happening already.
The future of paper will black in future because the world is developing very fast and in future people will start accepting payment as a credit card and bitcoin is a digital currency and people will start payment in digital currency because it is more safe and easy method.

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December 14, 2017, 09:17:40 PM
 #4957

banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.

Not all the people think like this several courtiers are even thinking to make bitcoin as the legal and regular money of their country. For me whenever I go to some markets I mostly saw a board written as bitcoin payment service is available. So it is not a big deal to have bitcoin now a lot of countries are going to make it legal. Bitcoin demand is now very high and people are using it as legal currency so future of paper money it in danger zone.
Many people complain about the use Bitcoin. But when they know the real benefits of Bitcoin they become fan of it. The Bitcoin is the only crypto currency which got the level of popularity. That’s all because of its unique qualities. Bitcoin has many advantages over the paper money. There is no any fear of theft of Bitcoin as compare to paper money. We need to help of banks to save our money.


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December 14, 2017, 10:22:05 PM
 #4958

I think the future of paper money will last. because most people use digital currency as a sale and purchase transaction. perhaps the use of fiat money is too difficult and impractical. it takes a lot of space to save the money. unlike digital money that takes a little space and is easy to use

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December 14, 2017, 10:34:24 PM
 #4959

The current transaction with paper money continues to decrease so that many countries plan to replace with digital money, in addition to easy to control the use of digital money is not destructive nature because paper money raw materials are paper that comes from trees.
Eventually,  there will be no paper in the world at all, there is no future whatsoever when it comes to paper money and everything will be digital, I will not be surprised if countries start making their own cryptocurrencies.



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December 15, 2017, 09:47:04 PM
 #4960

banknotes including fiat money managed by the government. if in appeal to cripto money very much different, because fiat money will get many rules from the government such as taxes. while crypto money will not be affected by the government.

Not all the people think like this several courtiers are even thinking to make bitcoin as the legal and regular money of their country. For me whenever I go to some markets I mostly saw a board written as bitcoin payment service is available. So it is not a big deal to have bitcoin now a lot of countries are going to make it legal. Bitcoin demand is now very high and people are using it as legal currency so future of paper money it in danger zone.
Many people complain about the use Bitcoin. But when they know the real benefits of Bitcoin they become fan of it. The Bitcoin is the only crypto currency which got the level of popularity. That’s all because of its unique qualities. Bitcoin has many advantages over the paper money. There is no any fear of theft of Bitcoin as compare to paper money. We need to help of banks to save our money.
As far as I know, if we do not protect our Bitcoin wallet careful, the hacker still have chance to rob our Bitcoin anytime. Remember, the Bitcoin community had many cases about hacker stealing Bitcoin through virus or fake sites. Example recently, myetherwallet or poloniex exchange are the subjects of hacker to create fake sites.
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