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Author Topic: The future of the paper money  (Read 404055 times)
jaysabi
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May 04, 2016, 04:02:58 AM
 #781

Unfortunately paper money will probably disappear completely at some point. Digital money has a lot going for it but it also has quite a few drawbacks. I think that there is always something that is irrecoverably lost with the death of a generation. Knowledge is gained at the expense of something somewhat more fundamental.

That's right. Paper money is dirty and very costly to print and protect. Then there are the thieves who try to print money and launder money. So governements will try to get rid of it asap.

Anything that has a high value is pretty expensive to protect. Also, laundering money would happen with digital money too. Those aren't criticisms unique to paper money.


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May 04, 2016, 04:42:11 AM
 #782

Paper money, for all its worth, will still be here for a long time, whether we like it or not. So many third world countries are still lagging behind in digital currency and have yet to be introduced to such technologies. If and when the day comes that paper money has seen its last day, something better would have replaced it, whether its digital or otherwise.
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May 04, 2016, 07:55:36 AM
 #783

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
When you have paper money if really feels like you have money in some way but I have to say it also looks good when you see money on your account.
But it is possible that the in the future paper money will disappear and only digital money will be available.


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May 04, 2016, 08:05:04 AM
 #784

Paper money, for all its worth, will still be here for a long time, whether we like it or not. So many third world countries are still lagging behind in digital currency and have yet to be introduced to such technologies. If and when the day comes that paper money has seen its last day, something better would have replaced it, whether its digital or otherwise.

Poor countries will still depend on paper money since they are one of the poorest country in the world.
They are not educated of how digital currency works.



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May 04, 2016, 08:22:13 AM
 #785

The future of the paper money will never change. People will always use normal gold to buy their
stuff. People cant live without paper money these days. Maybe after a 100 year it will be gone but
don't think so.
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May 04, 2016, 08:25:26 AM
 #786

The future of the paper money will never change. People will always use normal gold to buy their
stuff. People cant live without paper money these days. Maybe after a 100 year it will be gone but
don't think so.

As long as government produce and disseminate paper money, they will always be alive..Even if their citizens don't want to use it, if that's the only legal tender accepted in their locality, then probably they will be pushed to use it...

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May 04, 2016, 08:38:27 AM
 #787

Paper money, for all its worth, will still be here for a long time, whether we like it or not. So many third world countries are still lagging behind in digital currency and have yet to be introduced to such technologies. If and when the day comes that paper money has seen its last day, something better would have replaced it, whether its digital or otherwise.
yeah something better will begin to replace. the same as the first letter written message and now you can do via sms, chat, bbm, etc
The world is always changing

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May 04, 2016, 08:41:12 AM
 #788

Everyone is speculating about what will be the future of the paper money. The future of the
paper money will never change everyone needs it. The bitcoin is just a method to make online payments
allot easier but cash will always be number one.
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May 04, 2016, 08:41:45 AM
 #789

Paper money will always exist as there is no threat to it from bitcoin at a moment and I don't think that it will be in future too so paper money is not going anywhere.
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May 04, 2016, 08:49:05 AM
 #790

Paper money will always be there and i think that bitcoins cant change anything in the amount
of paper money are used. Bitcoins are growing but not that fast to say it's the future paying method number one.
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May 04, 2016, 09:02:48 AM
 #791

Paper money will always be there and i think that bitcoins cant change anything in the amount
of paper money are used. Bitcoins are growing but not that fast to say it's the future paying method number one.

You didn't understand this topic good then, its about paper money. Feel free to check what some countries plan for future about it. In some countries they already started to talk about that in parliaments. So paper money doesn't have future, its just question of time when will people go on electronic fully. 10, 20...., 100 years. Like always we will see some modern countries accept it faster then others. Its how this world doing things.


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May 04, 2016, 09:12:56 AM
 #792

Paper money is safe (for now) because the rich have paper money and as we all know, the rich makes the rules
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May 04, 2016, 09:25:41 AM
 #793

Paper money is safe (for now) because the rich have paper money and as we all know, the rich makes the rules

That's not true, they only have volume of it but they are not in control of paper money.I think it's more like government is in control of fiat. For example, if the government decide to make it illegal to use paper money then we have no choice.

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May 04, 2016, 09:34:01 AM
 #794

People from  poor countries will continue to use paper money even if bitcoin gets  on mainstream as they are not aware what the hell bitcoin is  Grin
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May 04, 2016, 09:51:21 AM
 #795

The future of the paper money is bad because its gonna disappear once and for all one day do to its all gonna be digital.
I think the most thinks are gonna be very different for the paper money and it will be gone.
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May 04, 2016, 10:00:18 AM
 #796

The future of paper money. For me i think paper money will not disappear anymore even if all people using digital money like bitcoin.
Because what if theres no internet ? What if theres no electricity? You cant transact because you cant use your digital money. So for me the paper money will not disappear i think this money can use as second option in many country.


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May 04, 2016, 03:17:39 PM
 #797

The future of the paper money will be the same as it is today as every nation is supporting its paper money on one hand and on the other hand there is not going any development in it so it will be the same as now.

Everything will be replaced sooner or later if there isnt any innovation into it. The example would be your cellphone back in 10 years ago people choose nokia over the others and yet nokia is very proud of themselves and now everything change and people dont even use that kind of phone anymore
Paper money will not disappear that fast because there are still a lot of people that is using paper money and that is because they dont even know how Bitcoin works.
But if you are talking about the future after some 20 years than it will be possible that it can disappear.
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May 04, 2016, 03:23:17 PM
 #798

The future of the paper money will be the same as it is today as every nation is supporting its paper money on one hand and on the other hand there is not going any development in it so it will be the same as now.

Everything will be replaced sooner or later if there isnt any innovation into it. The example would be your cellphone back in 10 years ago people choose nokia over the others and yet nokia is very proud of themselves and now everything change and people dont even use that kind of phone anymore
Paper money will not disappear that fast because there are still a lot of people that is using paper money and that is because they dont even know how Bitcoin works.
But if you are talking about the future after some 20 years than it will be possible that it can disappear.

Even people are aware of bitcoin, it's hard to left the usual paper money because it's strong. Paper money has been here for a long time now that even bitcoin can't surpass it. There are countries that bitcoin is really difficult to use so still will hug the paper money forever.


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phreaky
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May 04, 2016, 03:28:01 PM
 #799

The future of the paper money will be the same as it is today as every nation is supporting its paper money on one hand and on the other hand there is not going any development in it so it will be the same as now.

Everything will be replaced sooner or later if there isnt any innovation into it. The example would be your cellphone back in 10 years ago people choose nokia over the others and yet nokia is very proud of themselves and now everything change and people dont even use that kind of phone anymore
Paper money will not disappear that fast because there are still a lot of people that is using paper money and that is because they dont even know how Bitcoin works.
But if you are talking about the future after some 20 years than it will be possible that it can disappear.

Even people are aware of bitcoin, it's hard to left the usual paper money because it's strong. Paper money has been here for a long time now that even bitcoin can't surpass it. There are countries that bitcoin is really difficult to use so still will hug the paper money forever.

You are right about that but in fact I think every currency is gonna be digital in the future so that is why I think the paper money will also disappear because its simply not gonna be used anymore.
Maybe only in some country's but they will also change in a matter of time.
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May 04, 2016, 05:20:47 PM
 #800

The future of the paper money will be the same as it is today as every nation is supporting its paper money on one hand and on the other hand there is not going any development in it so it will be the same as now.

Everything will be replaced sooner or later if there isnt any innovation into it. The example would be your cellphone back in 10 years ago people choose nokia over the others and yet nokia is very proud of themselves and now everything change and people dont even use that kind of phone anymore
Paper money will not disappear that fast because there are still a lot of people that is using paper money and that is because they dont even know how Bitcoin works.
But if you are talking about the future after some 20 years than it will be possible that it can disappear.

Even people are aware of bitcoin, it's hard to left the usual paper money because it's strong. Paper money has been here for a long time now that even bitcoin can't surpass it. There are countries that bitcoin is really difficult to use so still will hug the paper money forever.


Well i guess bitcoin might become popular and many people using bitcoin. but it will not make the Fait money to be disappeared.
It can only give them tough time
You are right about that but in fact I think every currency is gonna be digital in the future so that is why I think the paper money will also disappear because its simply not gonna be used anymore.
Maybe only in some country's but they will also change in a matter of time.

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