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Author Topic: The future of the paper money  (Read 404013 times)
rickbig41
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April 10, 2016, 09:34:56 AM
 #701

People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.

Well, that's true, those who are old and don't want to try new things, would really prefer using paper money..Bitcoin would only be behind it when it comes to usability...

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April 10, 2016, 02:40:45 PM
 #702

If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.

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April 10, 2016, 04:56:48 PM
 #703

If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.

Bitcoin needs to become price stable before it does any conquering of anything.


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April 14, 2016, 06:18:21 PM
 #704

If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.
I do not think that paper money appears and if in case it appears it is very out of mind that bitcoin can replace it, at least with its current format.



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April 14, 2016, 10:58:12 PM
 #705

If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.

Bitcoin needs to become price stable before it does any conquering of anything.

or it just needs to be legalized 1st lol.

whatever the price goes up or down, it still needs to be accepted everywhere in the law in every state in the US 1st.. for it to even have a chance.

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April 14, 2016, 11:05:25 PM
 #706

Paper money will never have a threat from bitcoin in future, bitcoin is still a small kid in front of fiat, and fiat will always rule the world for sure.
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April 15, 2016, 12:19:14 AM
 #707

If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.

Bitcoin needs to become price stable before it does any conquering of anything.

or it just needs to be legalized 1st lol.

whatever the price goes up or down, it still needs to be accepted everywhere in the law in every state in the US 1st.. for it to even have a chance.

No government agency is forbidding it, so it is already legal. The problem is merchants aren't adopting it because it's not compelling. It can't hold a steady value which makes it useless as a currency.


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April 15, 2016, 02:41:03 PM
 #708

The future of paper money will later in the future indeed disappear as you can see now you see also that the value is not even getting higher and that is the problem.
But it will be nice if Bitcoin is getting more popular and also more acceptable.
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April 15, 2016, 02:53:04 PM
 #709

Soon or later the money will disappear, I really have no doubts about that because the paper money is just a old way to pay, in my country a lot of people are already using their credit card or bank account pass to pay things in the stores itself.
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April 16, 2016, 07:29:45 AM
 #710

Paper money will still exist in future, but it might be reduced.
Digital currency is gonna take over the paper money.

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April 16, 2016, 12:09:32 PM
 #711

People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.

Paper money has the advantage that it is with you physically and you have more trust on it.  Even if bitcoin hits mainstream, paper currency  will always be there for these people.

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April 16, 2016, 01:25:16 PM
 #712

Paper money will still exist in future, but it might be reduced.
Digital currency is gonna take over the paper money.
I agree with you, because now the technology will be growing, perhaps one day we no longer need paper money, and will use a credit card or something digital.

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April 16, 2016, 01:35:27 PM
 #713

Paper money will still exist in future, but it might be reduced.
Digital currency is gonna take over the paper money.
I agree with you, because now the technology will be growing, perhaps one day we no longer need paper money, and will use a credit card or something digital.

I don't get it. In the US many people already use credit card mostly to buy what they need.
In scandinavian countries the same.Sweden is almost free of cash.
Paying with smartphone becomes more and more popular.
95% of the fiat is digital! The future is already here! The problem is only with all these different payment systems you are under total control and surveiilance.
Bitcoin can change that!

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April 16, 2016, 08:31:33 PM
 #714

People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.
These are some people who do not want to accept the change. They cant digest change from paper currency to Digital. If it is possible we have to educate them so that they get to know the benefits of this Bitcoin currency and hence they start using it.

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April 16, 2016, 10:01:42 PM
 #715

People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.
These are some people who do not want to accept the change. They cant digest change from paper currency to Digital. If it is possible we have to educate them so that they get to know the benefits of this Bitcoin currency and hence they start using it.

Yes we all know that people resist change and its really difficult for them to accpet or switch to something new, as they will only do that only if they are hundred percent sure about it or else they will continue with fiat.
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April 16, 2016, 11:01:35 PM
 #716

Paper money will never have a threat from bitcoin in future, bitcoin is still a small kid in front of fiat, and fiat will always rule the world for sure.
but did not rule out the possibility because the whole body if the user already reach all people on earth. nothing can stop bitcoin to be able to replace the dollar and defeat it


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April 16, 2016, 11:07:31 PM
 #717

People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.
These are some people who do not want to accept the change. They cant digest change from paper currency to Digital. If it is possible we have to educate them so that they get to know the benefits of this Bitcoin currency and hence they start using it.

I believe change is already happening either we like it or not lol.

Money has been evolving in our generation form, like the whole square, apple pay, etc. Its only natural if we see bitcoin becoming the new form.
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April 16, 2016, 11:21:02 PM
 #718

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.

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April 16, 2016, 11:24:03 PM
 #719

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.

Paper money is ruling the world since its inception and no other currency can replace it in future, people are more comfortable in using fiat rather going for digital stuff.
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April 17, 2016, 12:06:04 AM
 #720

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.

Paper money is ruling the world since its inception and no other currency can replace it in future, people are more comfortable in using fiat rather going for digital stuff.

Yeah from its existence paper money is ruling the world. This could continue till the end of the world and the future will continue to use digital currencies as an alternative but would never replace the use of paper money.

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