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Author Topic: The future of the paper money  (Read 413474 times)
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December 14, 2017, 09:17:40 PM
 #4961

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
 #4962

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
 #4963

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
 #4964

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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December 15, 2017, 10:06:53 PM
 #4965

There is not even a single advantages of paper money in the future because people prefer digital money instead paper money.
If you are having paper money:
1) Anyone can take a way
2) Less secured
3) Not profitable
4) Can be spend soon
5) Less worthy
6) A single paper money cannot buy happiness.

IBMINER DONE A GOOD JOB. I learned a lesson from him. He gave me negative trust just because i was dealing with account seller. To buy an account.
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December 17, 2017, 06:46:28 AM
 #4966

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 money will not stop but As we are observing the popularity and increasing in the value of Bitcoin it will create a great impact on the paper money. As Bitcoin transaction is more secure than paper money. There are so other reasons  that will effect paper money and pumps Bitcoin.

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December 17, 2017, 11:16:17 PM
 #4967

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.
Although you don't have risk as someone rob your Bitcoin directly, but you are using internet to use Bitcoin, so, you shouldn't forget the existence of hacker. You can call them are the thief on internetion. Be careful!
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December 17, 2017, 11:23:49 PM
 #4968

I do not understand what state-backed digital currency based on bitcoin means? They will probably create their own state-backed digital currency but surely independent of bitcoin, because otherwise how could they manipulate its value and the economy?

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December 17, 2017, 11:50:51 PM
 #4969

I think there will be less paper money when btc is fully materialized in all areas of the world.

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December 17, 2017, 11:56:08 PM
 #4970

I do not understand what state-backed digital currency based on bitcoin means? They will probably create their own state-backed digital currency but surely independent of bitcoin, because otherwise how could they manipulate its value and the economy?

This is probably centralized cryptocurrency supported by governments. It's more like digital money rather than literal cryptocurrency.

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December 18, 2017, 12:03:20 AM
 #4971

It´s pretty unlikely that the paper money is going to dissappear, even in the far far future. I say that because there exist many people in the world who still don´t know even how to use Internet and don´t understand how the money (fiat) works. So many of these people would absolutely reject to use "fake" money instead of the paper or "real" money that they have ever used.

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December 18, 2017, 01:36:59 AM
 #4972

I think there will be less paper money when btc is fully materialized in all areas of the world.
The future of the paper money will be stable eventhough there are many cryptocurrencies are blooming just like bitcoin and ethereum, for me peper money will always stay good just like now, and i think paper money will always be the number one choice of many people to use in the future.

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December 19, 2017, 01:10:12 AM
 #4973

I don’t understand why people are so worried for paper money. Paper money is here since hundred years & will remain there for next so many years. As compared to $83 Trillion world economy, fiat currency has $31Trillion where as cryptocurrencies share is $100million. So how fiat currencies future is in danger? Fiat currency is the most convenient and highly used currency in all parts of the world. Their centralised nature assures its holder a security. They are owned and controlled by government or by central bank so less volatile in nature. Any class of society can use it without any infrastructure.
People are worried about paper money because governments want to eliminate cash and while bitcoin creates an alternative to fiat at the same time it is another blow to paper money, paper money is incredibly practical and that is why it is still used all over the world as one of the preferred payment methods.
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December 19, 2017, 01:27:30 AM
 #4974

Apart from developed countries with leading technologies, there are still countries that are less developed and less developed. They can not keep up with technology and they will still use the traditional way of dealing, which is money. However, the amount of popularity will not be the same as before. It is a change, it is necessary for human development

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December 19, 2017, 01:37:50 AM
 #4975

I think that banknotes never lose their function.
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December 19, 2017, 04:11:36 AM
 #4976

increase in the use tool Exchange virtual, acceptance wider, and decreasing the growth of the use of paper money make a lot of people believe that cryptocurrency kinds bitcoin and ethereum is the future.
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December 19, 2017, 05:29:55 AM
 #4977

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 money is likely dull , because as we are observing that bitcoin provides unique facalities to user which paper money can’t. like easy transfer , high security and high rising rate in the market. It attract people toward itself and force them to invest in bitcoin. The paper money will likely lose the high importance and may use only for hand to hand trad only such as daily life  buying and selling.

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Botnake
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December 19, 2017, 05:52:23 AM
 #4978

I think that banknotes never lose their function.
For sure, people will use bitcoin but they will also use paper money, and the reality cannot be erase that majority of the popular of the
world is not interested with online transaction. Poverty is a big hindrance to adopt in new technology and we know there's plenty of people who are still under poverty.

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December 19, 2017, 05:53:43 AM
 #4979

Paper money is never going to be replaced, why are you thinking that it will be replaced?

Bitcoin will be a huge form of sending and receiving money, in fact, it is being one of the most famous ways to earn and keep your money safe, but no.. Paper money is not going to be replaced, doesnt matter what.


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December 19, 2017, 08:19:39 AM
 #4980

Paper money is never going to be replaced, why are you thinking that it will be replaced?

Bitcoin will be a huge form of sending and receiving money, in fact, it is being one of the most famous ways to earn and keep your money safe, but no.. Paper money is not going to be replaced, doesnt matter what.


That's because bitcoin is very limited, it's only applicable online and the fact is more people are doing face to face transactions
because it's more easy and less risky, maybe we will see bitcoin grow more but not enough to replace paper money in the circulation, that is just impossible.

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