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Author Topic: The future of the paper money  (Read 403603 times)
Erzatium
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April 01, 2016, 09:02:24 AM
 #621

It is hard to know for what will happen with the paper money and that can be very risky, but I think that paper money will have not that bad future later.
Many people are using now paper money, and you can of course see that there is not more people using Bitcoin and that is because the world is becoming more digital.

There is no possibility that paper money will disappear in the future, there are a lot of people that is still using it.
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n0ne
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April 01, 2016, 02:28:18 PM
 #622

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.

Well as the same of a credit/debit card, bitcoin card has existed but this has not stopped the use of credit/debit card which is also in its digital form. Same way bitcoin will be used as a additional currency, but will not replace paper money.



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April 01, 2016, 02:40:06 PM
 #623

The future of the paper money is no very good but maybe this is also a good sign for the bitcoin of course, everything is gonna be digital.
So yeah the paper money will disappear but if you think good about it the bitcoin will maybe replace this soon or later right ?

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April 01, 2016, 02:44:49 PM
 #624

The future of the paper money is no very good but maybe this is also a good sign for the uᴉoɔʇᴉq of course, everything is gonna be digital.
So yeah the paper money will disappear but if you think good about it the uᴉoɔʇᴉq will maybe replace this soon or later right ?


No bitcoin will not replace any fiat currency if we are going to a digital world then countries will just create their own digital money and wont support bitcoin.
GamingBro
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April 01, 2016, 06:29:48 PM
 #625

The future of the paper money is no very good but maybe this is also a good sign for the uᴉoɔʇᴉq of course, everything is gonna be digital.
So yeah the paper money will disappear but if you think good about it the uᴉoɔʇᴉq will maybe replace this soon or later right ?

Why you think that future for paper money isnt good? I think people will use it activly even if online wallets will be more popular then now.

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April 01, 2016, 09:55:26 PM
 #626

The future of the paper money is no very good but maybe this is also a good sign for the uᴉoɔʇᴉq of course, everything is gonna be digital.
So yeah the paper money will disappear but if you think good about it the uᴉoɔʇᴉq will maybe replace this soon or later right ?

Why you think that future for paper money isnt good? I think people will use it activly even if online wallets will be more popular then now.

Paper money will always exist at the market cap of paper money is huge and bitcoin is not that popular at a moment so I think the future of paper money is pretty safe.
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April 02, 2016, 05:41:14 AM
 #627

The future of the paper money is no very good but maybe this is also a good sign for the bitcoin of course, everything is gonna be digital.
So yeah the paper money will disappear but if you think good about it the bitcoin will maybe replace this soon or later right ?

No, that is still impossible by now, paper money would still exist and might live longer than bitcoin..governments give it importance in the economy...Paper money is probably a witness to how the country became great and rich..

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April 02, 2016, 05:57:06 AM
 #628

 It is true that electronic transactions have become more common over the last few years and I see this trend will continue. We may even get to the point where paper money transactions become incredibly rare, even now everyone is comfortable using cards while shopping , so as time goes on the trend may change, but still you need paper money to purchase small things ,they wont allow cards for a can of soda do they  Grin

 
danherbias07
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April 02, 2016, 03:33:52 PM
 #629

The future of the paper money is no very good but maybe this is also a good sign for the bitcoin of course, everything is gonna be digital.
So yeah the paper money will disappear but if you think good about it the bitcoin will maybe replace this soon or later right ?

No, that is still impossible by now, paper money would still exist and might live longer than bitcoin..governments give it importance in the economy...Paper money is probably a witness to how the country became great and rich..

Agree with rick. Plus look at the images in those money. It says the history of our countries. You will see heroes or presidents there. So i dont think erasing it is a good idea.

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April 02, 2016, 03:47:15 PM
 #630

The future of the paper money is no very good but maybe this is also a good sign for the bitcoin of course, everything is gonna be digital.
So yeah the paper money will disappear but if you think good about it the bitcoin will maybe replace this soon or later right ?

No, that is still impossible by now, paper money would still exist and might live longer than bitcoin..governments give it importance in the economy...Paper money is probably a witness to how the country became great and rich..

Agree with rick. Plus look at the images in those money. It says the history of our countries. You will see heroes or presidents there. So i dont think erasing it is a good idea.


Yeah,paper money has so much pride in it and wont be going anywhere else bitcoin will remain just a internet currency and wont replace fiat.
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April 02, 2016, 06:34:37 PM
 #631

It is true that electronic transactions have become more common over the last few years and I see this trend will continue. We may even get to the point where paper money transactions become incredibly rare, even now everyone is comfortable using cards while shopping , so as time goes on the trend may change, but still you need paper money to purchase small things ,they wont allow cards for a can of soda do they  Grin

 
I know that the times and the growing use of credit cards has been growing rapidly, even bitcoin might someday will have a card like that. but the use of paper money will always be used, even if it becomes a currency bitcoin, I believe bitcoin in the form of paper money will definitely be made



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April 02, 2016, 06:47:22 PM
 #632

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.
people will still use paper money until whenever although someday every countries accept bitcoin as digital currency paper money will still more popular than digital currency because using paper money is very easy you just keep it in your pocket and no need a password or internet connections to use it

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April 02, 2016, 07:08:26 PM
 #633

papper money is peoneer of money,its will not dissapear with any reason,even bitcoin cannot replacing it. we believe in the future the world will fully of digital era,but its not make paper money disappear.
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April 03, 2016, 03:12:44 AM
 #634

papper money is peoneer of money,its will not dissapear with any reason,even bitcoin cannot replacing it. we believe in the future the world will fully of digital era,but its not make paper money disappear.

Yeah right. I just dont see yet a world without paper money. It will be really for those people that cannot afford to see or have knowledge in knowing what it is. I have been poor when I was a kid so I feel how it will be really hard for them.

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April 03, 2016, 03:46:28 AM
 #635

papper money is peoneer of money,its will not dissapear with any reason,even bitcoin cannot replacing it. we believe in the future the world will fully of digital era,but its not make paper money disappear.

Yeah right. I just dont see yet a world without paper money. It will be really for those people that cannot afford to see or have knowledge in knowing what it is. I have been poor when I was a kid so I feel how it will be really hard for them.
I personally favor the "there will always be cash" argument, but the technology for digital banking for even the poorest of people is coming. SpaceX's satellite internet, the $1 (or whatever) smartphone, among other things, are making it possible for more and more people to get connected to the internet.

Truthfully, I am more confident than not that there will always be paper money. But there is always the possibility that it will all become digitized, one day.














 

 

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April 03, 2016, 04:34:44 AM
 #636

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.
I think if coming digital era, paper money will not be able to resist it, times have changed into a modern, certainly the paper money will start to decrease annually
and it lasts for many years and then disappear

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April 03, 2016, 10:49:30 AM
 #637

papper money is peoneer of money,its will not dissapear with any reason,even bitcoin cannot replacing it. we believe in the future the world will fully of digital era,but its not make paper money disappear.

Yeah right. I just dont see yet a world without paper money. It will be really for those people that cannot afford to see or have knowledge in knowing what it is. I have been poor when I was a kid so I feel how it will be really hard for them.
I personally favor the "there will always be cash" argument, but the technology for digital banking for even the poorest of people is coming. SpaceX's satellite internet, the $1 (or whatever) smartphone, among other things, are making it possible for more and more people to get connected to the internet.

Truthfully, I am more confident than not that there will always be paper money. But there is always the possibility that it will all become digitized, one day.

Not sure about that. There are still places that arent occupied and those places that dont have a lot of population also have the lowest technology. If the government cannot prevent people from getting poor then that wont happen. First things first they need something that they can use to go online. Then they need knowledge for that. Who will be the one teaching them? The government? I doubt that.

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April 03, 2016, 12:00:00 PM
 #638

First things first they need something that they can use to go online. Then they need knowledge for that. Who will be the one teaching them? The government? I doubt that.

The golden rule of living your life in this world is about adaptation , if you cant adapt then you will surely be the victim of this harsh worlds. If government will switch to online payment then they need to provide education for the people as well because it is essential for them to learn on how to use it properly

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April 03, 2016, 12:09:35 PM
 #639

First things first they need something that they can use to go online. Then they need knowledge for that. Who will be the one teaching them? The government? I doubt that.

The golden rule of living your life in this world is about adaptation , if you cant adapt then you will surely be the victim of this harsh worlds. If government will switch to online payment then they need to provide education for the people as well because it is essential for them to learn on how to use it properly


Governments supporting bitcoins? I don't think so that is possible in near future, they will always support paper money as they have full control on it, in compare bitcoin enjoys the freedom.
23dzmaz
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April 03, 2016, 12:44:45 PM
 #640

First things first they need something that they can use to go online. Then they need knowledge for that. Who will be the one teaching them? The government? I doubt that.

The golden rule of living your life in this world is about adaptation , if you cant adapt then you will surely be the victim of this harsh worlds. If government will switch to online payment then they need to provide education for the people as well because it is essential for them to learn on how to use it properly


Governments supporting bitcoins? I don't think so that is possible in near future, they will always support paper money as they have full control on it, in compare bitcoin enjoys the freedom.

Someday Governments will supporting bitcoins. And i think paper money still exist and i think the future for paper money is normal. I mean people always using paper money in the next 10 years.
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