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Author Topic: The future of the paper money  (Read 404031 times)
diodio5
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March 31, 2016, 03:18:27 AM
 #601

I don't think paper money will be banned or replaced completely, Even in the current time where debitcards and creditcards are used worldwide still paper money has a significant use particularly in physical transactions, I think it would still maintain presence even if bitcoin or other internet-based methods go mainstream.
I don't think that paper money bill will be banned. although I more often see people using credit cards when they shopping. but paper money still in priority to human.
Credit cards are still considered foreign to the poor and so on. cash more attractive


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March 31, 2016, 04:20:01 AM
 #602

I don't think paper money will be banned or replaced completely, Even in the current time where debitcards and creditcards are used worldwide still paper money has a significant use particularly in physical transactions, I think it would still maintain presence even if bitcoin or other internet-based methods go mainstream.

I strongly agree with you. Paper money will still be a necessity. Yes the future is online money but that doesnt say that paper money should be erased. That two kind of currency can exist together and be used as a necessity day to day.
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March 31, 2016, 05:46:05 AM
 #603

I strongly agree with you. Paper money will still be a necessity. Yes the future is online money but that doesnt say that paper money should be erased. That two kind of currency can exist together and be used as a necessity day to day.

It can exist together in a country, if a country choose to use digital currency over paper money then it will be a waste of resources to keep both of it. There is absolutely zero needs for paper money if you can pay everything using the digital way however if a country cant support digital currency then paper money will then be useful


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Dacarte
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March 31, 2016, 01:04:38 PM
 #604

In future, we are not using polyethene covers why because of those are very harmful to environment. That's why the paper market is gradually increasing than compare with others. And Paper is very eco-friendly.
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March 31, 2016, 01:20:51 PM
 #605

I don't think paper money will be banned or replaced completely, Even in the current time where debitcards and creditcards are used worldwide still paper money has a significant use particularly in physical transactions, I think it would still maintain presence even if bitcoin or other internet-based methods go mainstream.

I strongly agree with you. Paper money will still be a necessity. Yes the future is online money but that doesnt say that paper money should be erased. That two kind of currency can exist together and be used as a necessity day to day.

Yes i also with you both....because paper money was existing from very long and it will be there.....Atleast for 100 years we can say it is not possible that paper money will come to the end........
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March 31, 2016, 01:23:15 PM
 #606

In future, we are not using polyethene covers why because of those are very harmful to environment. That's why the paper market is gradually increasing than compare with others. And Paper is very eco-friendly.

Paper money will still be used because it popular and people are using it everyday and paper money has built it reputation.
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March 31, 2016, 01:53:54 PM
 #607

Making people believe that paper money will be extinct in future is a mere fallacy. Many years ago, gold and other precious stones were used a medium of exchange. Many believed that with the introduction of currency, that these precious stones will disappear but they are still existing and are being used as base currency for many countries. Similarly, with the advent of online transactions, crypto-currency and plastic cards, i don't believe paper money will be rendered redundant. Instead it is going to play a vital role in transactions and also acting as base currency. 
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March 31, 2016, 02:02:24 PM
 #608

In future, we are not using polyethene covers why because of those are very harmful to environment. That's why the paper market is gradually increasing than compare with others. And Paper is very eco-friendly.

Paper money will still be used because it popular and people are using it everyday and paper money has built it reputation.


Even if bitcoin is getting well know all around the world conventional people will still use paper money and wont even bother to try bitcoin.
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March 31, 2016, 02:04:11 PM
 #609

In future, we are not using polyethene covers why because of those are very harmful to environment. That's why the paper market is gradually increasing than compare with others. And Paper is very eco-friendly.

Paper money will still be used because it popular and people are using it everyday and paper money has built it reputation.

People will use only that which is easy and convenient for them and I think bitcoin is too complicated for them so will continue to use paper money in future too.


Even if bitcoin is getting well know all around the world conventional people will still use paper money and wont even bother to try bitcoin.
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March 31, 2016, 02:20:18 PM
 #610

Making people believe that paper money will be extinct in future is a mere fallacy. Many years ago, gold and other precious stones were used a medium of exchange. Many believed that with the introduction of currency, that these precious stones will disappear but they are still existing and are being used as base currency for many countries. Similarly, with the advent of online transactions, crypto-currency and plastic cards, i don't believe paper money will be rendered redundant. Instead it is going to play a vital role in transactions and also acting as base currency.  
I also do not believe that paper money sidelined by bitcoin easily. if the paper money is difficult on hold, should have been gold or credit cards have replaced the paper money, and bitcoin has just appeared and I guess it will not make replacing the paper money. but I believe that someday will become the currency bitcoin good

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March 31, 2016, 02:22:22 PM
 #611

I don't think paper money will be banned or replaced completely, Even in the current time where debitcards and creditcards are used worldwide still paper money has a significant use particularly in physical transactions, I think it would still maintain presence even if bitcoin or other internet-based methods go mainstream.

Yeah, i think so too. Paper money will lives permanently, because many people still use it. There are many places that don't have internet or technology that using digital money. So paper money is still good with them.
I think it's just a matter of time so the place does not have the Internet will be more advanced and modern. then the people there will try the internet no one people can resist modernization Cheesy
Paper money will have not a bad future in the value and that can be very good for the most people that is now already still using paper money, but the bad thing is that Bitcoin is now becoming more popular.
And that is also quite good for Bitcoin, but they have to know that you never know what can happen with the value later in the future.
yeah because bitcoin might make use of bills to be reduced. if bitcoin increasingly popular in the future. it will have a bad effect to the survival of paper money


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March 31, 2016, 02:23:12 PM
 #612

I'm not sure that governments will ever ban paper money.  At least not in our lifetime.  There will be a place for fiat and a place for bitcoin.  They can have separate uses and there will be some overlap.

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March 31, 2016, 02:34:40 PM
 #613

The value of a bitcoin itself has experienced volatile peaks and troughs which can undermine its role as a reliable medium of exchange.
So for next many years paper money have good future without any problem. Grin

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April 01, 2016, 05:04:22 AM
 #614

I'm not sure that governments will ever ban paper money.  At least not in our lifetime.  There will be a place for fiat and a place for uᴉoɔʇᴉq.  They can have separate uses and there will be some overlap.

No government would ban paper money...That is for sure, except if that paper money is already changed with a newer version and newly added features but with the same value...Paper money would still be known in the real world while bitcoin will be known in online transactions..

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April 01, 2016, 05:08:07 AM
 #615

I'm not sure that governments will ever ban paper money.  At least not in our lifetime.  There will be a place for fiat and a place for uᴉoɔʇᴉq.  They can have separate uses and there will be some overlap.

No government would ban paper money...That is for sure, except if that paper money is already changed with a newer version and newly added features but with the same value...Paper money would still be known in the real world while uᴉoɔʇᴉq will be known in online transactions..
No country would ban it because that is their money that they print. It has their stamp and seal of their respected country. How do you think they control their economies in the first place. They print more money if their reserves run low. Kind of like what Venezuela did, now their paper money is worthless.

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April 01, 2016, 05:25:15 AM
 #616

I'm not sure that governments will ever ban paper money.  At least not in our lifetime.  There will be a place for fiat and a place for uᴉoɔʇᴉq.  They can have separate uses and there will be some overlap.

No government would ban paper money...That is for sure, except if that paper money is already changed with a newer version and newly added features but with the same value...Paper money would still be known in the real world while uᴉoɔʇᴉq will be known in online transactions..
No country would ban it because that is their money that they print. It has their stamp and seal of their respected country. How do you think they control their economies in the first place. They print more money if their reserves run low. Kind of like what Venezuela did, now their paper money is worthless.


Lolz,who would ever ban paper money on others country even if there is a war going on currency of other countries wont be ban because they need that for their economy.
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April 01, 2016, 05:54:59 AM
 #617

I'm not sure that governments will ever ban paper money.  At least not in our lifetime.  There will be a place for fiat and a place for uᴉoɔʇᴉq.  They can have separate uses and there will be some overlap.

No government would ban paper money...That is for sure, except if that paper money is already changed with a newer version and newly added features but with the same value...Paper money would still be known in the real world while uᴉoɔʇᴉq will be known in online transactions..
No country would ban it because that is their money that they print. It has their stamp and seal of their respected country. How do you think they control their economies in the first place. They print more money if their reserves run low. Kind of like what Venezuela did, now their paper money is worthless.

It is. Why a country ban paper money ? It's non sense though, nowdays every country using paper money. And i think paper money is still avalaible even digital money become popular.
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April 01, 2016, 06:22:26 AM
 #618

I'm not sure that governments will ever ban paper money.  At least not in our lifetime.  There will be a place for fiat and a place for uᴉoɔʇᴉq.  They can have separate uses and there will be some overlap.

No government would ban paper money...That is for sure, except if that paper money is already changed with a newer version and newly added features but with the same value...Paper money would still be known in the real world while uᴉoɔʇᴉq will be known in online transactions..
No country would ban it because that is their money that they print. It has their stamp and seal of their respected country. How do you think they control their economies in the first place. They print more money if their reserves run low. Kind of like what Venezuela did, now their paper money is worthless.

It is. Why a country ban paper money ? It's non sense though, nowdays every country using paper money. And i think paper money is still avalaible even digital money become popular.

Uh, its been that way since for the longest.

Nothing will change nor this whole digital money talk nonense.. esp when credit cards are practically the same purpose of being digital.

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April 01, 2016, 06:25:19 AM
 #619

I'm not sure that governments will ever ban paper money.  At least not in our lifetime.  There will be a place for fiat and a place for uᴉoɔʇᴉq.  They can have separate uses and there will be some overlap.

No government would ban paper money...That is for sure, except if that paper money is already changed with a newer version and newly added features but with the same value...Paper money would still be known in the real world while uᴉoɔʇᴉq will be known in online transactions..
No country would ban it because that is their money that they print. It has their stamp and seal of their respected country. How do you think they control their economies in the first place. They print more money if their reserves run low. Kind of like what Venezuela did, now their paper money is worthless.

It is. Why a country ban paper money ? It's non sense though, nowdays every country using paper money. And i think paper money is still avalaible even digital money become popular.


Yes paper money will really be used even if the bitcoins becomes well know arounf the world,paper money is connected to the government so it will not be gone.
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April 01, 2016, 06:25:24 AM
 #620

It is. Why a country ban paper money ? It's non sense though, nowdays every country using paper money. And i think paper money is still avalaible even digital money become popular.

Everything is nonsense until it become reality. Do you notice how many nonsense has become reality? Telephone is one of them and it is one of the most needed technology on earth. Digital currency is also a nonsense , once it become reality and paper money is no longer used then you will eat your own words

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Akche, Türkiye'nin Dijital Parası
──────────────────── 29 Ekim 2017
╔═ WHITE PAPER ═╗
▣╠══ BOUNTY ══╣▣
╚═  ANNTHREAD  ═╝
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