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Author Topic: The future of the paper money  (Read 414984 times)
Ziskinberg
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January 24, 2018, 12:04:32 PM
 #5261

Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.
A lot of time is needed to make the paper money disappear, society still believes in them.
Well, I think that will never disappear, it's not that it's only trusted but its widely use since it's very simple to use and the government can only create it.
With the government making it, the confidence is big for people who are using it, including me.


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January 24, 2018, 12:34:27 PM
 #5262

I think the future of paper money will depends on the decisions of every government. I don't see that this will replaced by crypto since we know how volatile the price of cryto in the market. It's safe to use paper money and we all know how to use it rather than replace it with volatile cryptocurrency.

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January 24, 2018, 12:50:50 PM
 #5263

I think the future of paper money will depends on the decision of government. I don't see that this will replace by crypto since will all know how volatile the price of cryto in the market. It's safe to use paper money and we all know how to use it rather than replace it with volatile cryptocurrency.
If crypto will just replace everything then I don't think the government will like that, they want a centralized system so they can
monitor the money circulation. If in the event they will decide to eliminate paper money in the circulation, that would really take time and it will be
replace by digital money that they created.

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January 24, 2018, 12:52:06 PM
 #5264

Paper money has been used for several centuries, so they will not disappear anywhere. How will people pay if you turn off the electricity and the Internet? With a greater probability, the cryptocurrency will disappear, and not paper money.

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January 24, 2018, 12:59:26 PM
 #5265

The future of paper money is great, I think it will remain so, because now they are all used, and will be used. Now it is very common.
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January 24, 2018, 01:03:54 PM
 #5266

I think the paper money will be very rare uses in the future the future is for crypto currency and bitcoin are using in the future. Bitcoin is highly famous for the online businesses and because of this the paper money will be used in villages and it will use for the uneducated community of the world bitcoin is really amazing in the present time bitcoin is using for online hiring and for the earning as well. Paper money is now using every where but in the future the people will use the digital money.
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January 24, 2018, 02:13:23 PM
 #5267

I don't think paper money will disappear and bitcoin will be in because many of us still think that paper money is more easy to use and we are more used to it.
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January 24, 2018, 02:30:37 PM
 #5268

paper money will never die because it has its own interests, now many people use credit cards to make transactions and use debit cards. but paper money will always be used to make transactions such as buying staple food every day.

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January 24, 2018, 02:38:47 PM
 #5269

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 believe that it won't banned entirely. Even if we are facing the digital world today, paper money still have a place in our society. It won't apply to every situation given the fact that not everyone can access bitcoin; but let's say everyone knows bitcoin,
Not everyone will accept it. It is risky indeed in some points. Maybe banning will work if the problems were address in the future. However, it will be a very long time.

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January 25, 2018, 07:37:46 PM
 #5270

For me, paper money has become useless. If I can, I always use a credit card. Paper money is a nuisance as it may take a lot of room in a pocket.
Unlike credit cards, paper money belongs to you personally, they can not be frozen, debited for debts, etc. Also they can not be tracked, this is their similarity with the cryptocurrency.
If paper money is banned before the legalization of cryptocurrencies, this will be a bad decision. People will not have any options for anonymous purchases and services.
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January 25, 2018, 08:19:21 PM
 #5271

 Millions of people who live on the brink of poverty still will be using paper money in the bearest future. Only people from developed countries can claim they don't need paper money at all, using credit cards.
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January 25, 2018, 11:39:49 PM
 #5272

Every era is always changing, not everything can survive including paper money, the presence of digital money makes all transactions to be concise and more secure because unknown criminals, this is what will make paper money disappear one day.

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January 26, 2018, 01:18:17 AM
 #5273

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


they are also easy to counterfeit than bitcoin or electronic payment, i guess they will eventually fade away slowly or reduced for only small business in the future
but also contains falsified bitcoins, because criminals always have a way to get the benefits they want, and it is not impossible that a bitcoin will also be duplicated by irresponsible people.
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January 26, 2018, 02:13:58 AM
 #5274

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


they are also easy to counterfeit than bitcoin or electronic payment, i guess they will eventually fade away slowly or reduced for only small business in the future
but also contains falsified bitcoins, because criminals always have a way to get the benefits they want, and it is not impossible that a bitcoin will also be duplicated by irresponsible people.
I think paper money and digital coin have positive and negative effect and both of them are complete in every day because not all state use the digital coin for transaction Smiley

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January 26, 2018, 02:35:21 AM
 #5275

the future of paper money isn't very illustrious, cause it is very susceptible to damage by natural and man-made(e.g robbery or fake notes etc) causes.
So I think the future money will be digital, where the concept of bearing liabilities would be the main theme without any real exchange of material stuffs of any kind
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January 26, 2018, 02:57:10 AM
 #5276

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?

definitely this will never happen,i love crypto and i want this virtual currency this is a big help for every user specially those relying in online transactions less effort and time,but due to respect in physical money the capacity and capability of fiat is indeed..as we knew that digital currency only works using internet and electric power,without those two this wont available,so still the paper money will do the job.

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January 26, 2018, 05:35:44 AM
 #5277

Paper money absolutely has no future.

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January 27, 2018, 08:01:24 PM
 #5278

Paper money will last a very very very long time, it's going no where and believe it or not 99.9% of human likes paper money, they like to be in control and paper money make one feel in control.

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January 27, 2018, 08:12:44 PM
 #5279

Paper money will last a very very very long time, it's going no where and believe it or not 99.9% of human likes paper money, they like to be in control and paper money make one feel in control.
I think that it's not about control, but how much easier it is for a person to use paper money and to make purchases and sales of different goods. For many people, the crypto currency is out of reach for today and all because of the lack of knowledge and certain technologies.

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January 27, 2018, 08:21:06 PM
 #5280

Paper money will last a very very very long time, it's going no where and believe it or not 99.9% of human likes paper money, they like to be in control and paper money make one feel in control.
I disagree with you. I think the government will spur people on the fact that they would switch to a digital currency and the criterion would help.

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