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Author Topic: The future of the paper money  (Read 403633 times)
Cyaren
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April 17, 2016, 12:08:33 AM
 #721

I believe that the paper the government has to print them on is getting more and more expensive, so it's getting harder for governments to print currency and manipulate the currency supply. And most people use online banking anyway... So why not?

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

Exactly what people said when coins were the only currency and paper, representative money came along.
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April 17, 2016, 05:02:36 AM
 #722

I believe that the paper the government has to print them on is getting more and more expensive, so it's getting harder for governments to print currency and manipulate the currency supply. And most people use online banking anyway... So why not?

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

Exactly what people said when coins were the only currency and paper, representative money came along.

if paper money disappears, it still won't be for a very long time. It won't happen for a long time, because the government will be able to control fiat currency much easier, so bitcoin won't replace it very soon.
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April 17, 2016, 07:21:49 AM
 #723

I believe that the paper the government has to print them on is getting more and more expensive, so it's getting harder for governments to print currency and manipulate the currency supply. And most people use online banking anyway... So why not?

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

Exactly what people said when coins were the only currency and paper, representative money came along.

if paper money disappears, it still won't be for a very long time. It won't happen for a long time, because the government will be able to control fiat currency much easier, so bitcoin won't replace it very soon.

I agree,bitcoin wont be replacing dollar because of the government are controlling it and that is their source of power over other country.
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April 17, 2016, 07:52:13 AM
 #724

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.
I think not only as a financing alternative I could see many people like to have something that instant or transaction that is easy and simple more time would be a lot of people who liked with it.
I think that digital currency will replace paper money and paper money will be as the alternative course Cheesy


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April 17, 2016, 08:19:02 AM
 #725

I believe that the paper the government has to print them on is getting more and more expensive, so it's getting harder for governments to print currency and manipulate the currency supply. And most people use online banking anyway... So why not?

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

Exactly what people said when coins were the only currency and paper, representative money came along.

if paper money disappears, it still won't be for a very long time. It won't happen for a long time, because the government will be able to control fiat currency much easier, so bitcoin won't replace it very soon.

I agree,bitcoin wont be replacing dollar because of the government are controlling it and that is their source of power over other country.
you are right. bitcoin prices are also unstable. other than that bitcoin is not possible to replace the traditional means of exchange and a currency that has always been in use by the public, it would probably lead to chaos and the economic crisis



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April 17, 2016, 09:44:51 AM
 #726

I believe that the paper the government has to print them on is getting more and more expensive
What makes you think that? Google "cost of printing money":
$1 and $2: 5.5 cents per note
$5: 10.9 cents per note
$10: 9.9 cents per note
$20 and $50: 10.6 cents per note

Quote
so it's getting harder for governments to print currency
If I could print 471 $50 notes by paying 1 $50 note that seems like a very cheap way of creating more money!

Quote
and manipulate the currency supply.
The FED doesn't need to print money to do this. They just adjust the interest a bit and punch some numbers into a computer.

faridkifly
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April 17, 2016, 11:43:54 AM
 #727

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.
yes i agree.
real money will always be real money. digital currency cannot replace it. for ex in this modern era a lot of people still using real money  Cool Cool
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April 17, 2016, 12:33:13 PM
 #728

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.
yes i agree.
real money will always be real money. digital currency cannot replace it. for ex in this modern era a lot of people still using real money  Cool Cool

I think bitcoin is only good for digital transaction or online transaction and wont be good or cant compete with paper money in any country.
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April 17, 2016, 01:43:12 PM
 #729

Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.
yes i agree.
real money will always be real money. digital currency cannot replace it. for ex in this modern era a lot of people still using real money  Cool Cool

If you think that only paper money is 'real' money, you are behind the times by a few decades.
The world has moved on.  Smiley
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April 17, 2016, 03:41:41 PM
 #730

paper money will of course exist in the future. And that is just impossible to happen that it will disappear, Bitcoin is of course more used in the future and that is good.
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April 17, 2016, 04:53:18 PM
 #731

paper money will of course exist in the future. And that is just impossible to happen that it will disappear, Bitcoin is of course more used in the future and that is good.

Digital currency is basically a threat to the old conventional paper money, as the world is heading toward the cashless society then paper money will surely feels its effect.
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April 18, 2016, 08:14:52 AM
 #732

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.
Paper money is not that bad, as you can see now you see that there are a lot of people is still using paper money and that is nice for paper money itself.
You see that Bitcoin is of course getting more popular and used but that doesnt mean that paper money will disappear.
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April 18, 2016, 08:15:54 AM
 #733

the future is vurtual money and oppurtunities will be on the internet if that happens.
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April 18, 2016, 09:04:09 AM
 #734

I believe that the paper the government has to print them on is getting more and more expensive
What makes you think that? Google "cost of printing money":
$1 and $2: 5.5 cents per note
$5: 10.9 cents per note
$10: 9.9 cents per note
$20 and $50: 10.6 cents per note

Quote
so it's getting harder for governments to print currency
If I could print 471 $50 notes by paying 1 $50 note that seems like a very cheap way of creating more money!

Quote
and manipulate the currency supply.
The FED doesn't need to print money to do this. They just adjust the interest a bit and punch some numbers into a computer.

The problem with notes is not that they are too expensive as you point out (thanks for the info by the way).  Notes are too easy to store out of a bank, especially those of higher denominations.
If a bank wants to have negative interest rates, they need all the money in the banks, i.e. not in cash.

Thus they sell up the whole cashless society idea, which sounds nice and easy, but not when the interest rates are -5%.  Don't worry though, credit cards will still charge 15%+ interest, only banks will have negative interest available to them.


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April 18, 2016, 11:35:17 AM
 #735

The future of paper money will most likely be good and will be used by all people in the world and paper money is relevant to every countries history.
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April 18, 2016, 12:06:59 PM
 #736

The future of paper money will most likely be good and will be used by all people in the world and paper money is relevant to every countries history.

Yes paper money will be good because theirs a law behind its existance and cant never replace to any other crypto or digital money existance and any other of it i dont think crypto currencies my have its own version of paper money becausr it is no country origin while paper money is origanated by country makers and have strong law implemented.

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April 18, 2016, 01:15:24 PM
 #737

The future of paper money will most likely be good and will be used by all people in the world and paper money is relevant to every countries history.

Yes paper money will be good because theirs a law behind its existance and cant never replace to any other crypto or digital money existance and any other of it i dont think crypto currencies my have its own version of paper money becausr it is no country origin while paper money is origanated by country makers and have strong law implemented.

Paper money is much important and won't disappear however the digitalization takes place. Everywhere there will be some people who don't have interest over the digitalization.
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April 18, 2016, 01:21:12 PM
 #738

Digital currency is basically a threat to the old conventional paper money, as the world is heading toward the cashless society then paper money will surely feels its effect.
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April 18, 2016, 03:19:15 PM
 #739

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.
but it looks like the changing times will change someone's more comfortable paying for something instantly via cell phone or laptop. not offline and deal face to face with the seller. the human need for more and more if you have a solid course you will need to purchase and pay distress offline. bitcoin will be very useful

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April 18, 2016, 03:36:20 PM
 #740

Digital currency is basically a threat to the old conventional paper money, as the world is heading toward the cashless society then paper money will surely feels its effect.
Indeed, the bitcoin has a good future because its digital with the paper money this is most likely the opposite it has a bad future because everything is gonna be digital.
I think the paper money will soon or later disappear.
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