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Author Topic: The future of the paper money  (Read 403652 times)
Qunenin
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May 04, 2016, 05:22:59 PM
 #801

The future is only of bitcoins and not paper money.

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May 04, 2016, 05:32:42 PM
 #802

The future of paper money is as promising as it has been till date as the users of paper money are huge and they will continue to use it even bitcoin gets on mainstream.
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May 04, 2016, 05:58:58 PM
 #803

The future is only of bitcoins and not paper money.

That's not fair. In future we might see a scenario in which bitcoin might be used, but whatever the growth or fall paper money continues till the human survival.

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May 04, 2016, 06:22:42 PM
 #804

The future is only of bitcoins and not paper money.

That's not fair. In future we might see a scenario in which bitcoin might be used, but whatever the growth or fall paper money continues till the human survival.
Yes paper money is the basic necessity of majority of people around the globe as they must not be aware about the bitcoin yet, so they will prefer to use that is convenient for them.
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May 04, 2016, 08:32:33 PM
 #805

The future is only of bitcoins and not paper money.

That's not fair. In future we might see a scenario in which bitcoin might be used, but whatever the growth or fall paper money continues till the human survival.

I think  paper money is really necessary nowdays and will not lost popularity in fututre cause it's so simple to pay with it and also i like holding a huge money bundles.

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May 04, 2016, 08:44:34 PM
 #806

EU is dismissing 500 € banknotes  because cash is used only by criminals...
http://www.bloomberg.com/news/articles/2016-05-04/ecb-decrees-slow-death-of-500-euro-note-in-fight-against-crime
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May 04, 2016, 10:12:23 PM
 #807

The future is only of bitcoins and not paper money.

That's not fair. In future we might see a scenario in which bitcoin might be used, but whatever the growth or fall paper money continues till the human survival.

I think  paper money is really necessary nowdays and will not lost popularity in fututre cause it's so simple to pay with it and also i like holding a huge money bundles.

People loves the currency that they can hold physically and they also have more faith in it, so the users  will continue to use paper money in future too.
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May 04, 2016, 10:42:40 PM
 #808

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.

No, I don't think that even after 20 years any crypto currency will be able to replace paper money, because paper money is more easy for people to use for their local purchase in their offline markets and the other thing is that with paper money they do not have to pay any transaction fee for their purchases etc.

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May 04, 2016, 10:55:56 PM
 #809

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.

No, I don't think that even after 20 years any crypto currency will be able to replace paper money, because paper money is more easy for people to use for their local purchase in their offline markets and the other thing is that with paper money they do not have to pay any transaction fee for their purchases etc.

Its really difficult for people to adopt something new, it takes time and they also hesitate in trying something new, they prefer to use what they are comfortable with.
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May 05, 2016, 09:33:32 AM
 #810

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.
paper money is still a symbol for real money at this time. but I do not rule out the possibility that some day. something worn should definitely be replaced with newer and more sophisticated. perhaps 100 years from now the world will begin to change to leave the name of paper money


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May 05, 2016, 09:54:55 AM
 #811

The future is only of bitcoins and not paper money.
I think Fiat will continue into the future dude not bitcoin. I think that fiat money also has a digital version so it will compete with bitcoin in that field ?

gtglener
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May 05, 2016, 10:40:34 AM
 #812

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.
paper money is still a symbol for real money at this time. but I do not rule out the possibility that some day. something worn should definitely be replaced with newer and more sophisticated. perhaps 100 years from now the world will begin to change to leave the name of paper money


And I will say that paper is not only the symbol of real money at this time but also the identity of nations, every nation /country has its own currency(paper money) and they love their currency and consider their country's currency as their identity in the world of finance.

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May 05, 2016, 02:31:08 PM
 #813

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.
paper money is still a symbol for real money at this time. but I do not rule out the possibility that some day. something worn should definitely be replaced with newer and more sophisticated. perhaps 100 years from now the world will begin to change to leave the name of paper money


And I will say that paper is not only the symbol of real money at this time but also the identity of nations, every nation /country has its own currency(paper money) and they love their currency and consider their country's currency as their identity in the world of finance.
Yes and I think people are also comfortable in holding physical currency, and the fact is that they are now used to it and they will never leave  it in future too.
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May 05, 2016, 03:34:15 PM
 #814

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.
paper money is still a symbol for real money at this time. but I do not rule out the possibility that some day. something worn should definitely be replaced with newer and more sophisticated. perhaps 100 years from now the world will begin to change to leave the name of paper money


And I will say that paper is not only the symbol of real money at this time but also the identity of nations, every nation /country has its own currency(paper money) and they love their currency and consider their country's currency as their identity in the world of finance.
Yes and I think people are also comfortable in holding physical currency, and the fact is that they are now used to it and they will never leave  it in future too.
That's indeed a very important reason for people to prefer physical cash over Bitcoin as I hear a lot that people don't consider Bitcoin to be real money because they can't hold it in their hands.

But I have to say that the people who are saying this are mostly the older generation that also don't like to save their money in bank accounts and such.

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May 05, 2016, 05:16:15 PM
 #815

The future is only of bitcoins and not paper money.
I think Fiat will continue into the future dude not bitcoin. I think that fiat money also has a digital version so it will compete with bitcoin in that field ?
I think that paper money will always be used, even when the bitcoin already have access to all the shops or the world. bitcoin may only be used as an alternative to payment, and maybe it's just a card shaped like atm

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May 05, 2016, 05:22:48 PM
 #816

I would say that may only be a few people who use paper money. banknotes will remain valuable even though
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May 05, 2016, 05:27:12 PM
 #817

The future is only of bitcoins and not paper money.
I think Fiat will continue into the future dude not bitcoin. I think that fiat money also has a digital version so it will compete with bitcoin in that field ?
I think that paper money will always be used, even when the bitcoin already have access to all the shops or the world. bitcoin may only be used as an alternative to payment, and maybe it's just a card shaped like atm

You got a point here, if that is the case in future then we will see many users  using bitcoin and then people will prefer to use bitcoin more in compare to fiat currency.
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May 05, 2016, 06:04:54 PM
 #818

The future of paper money is as promising as it has been till date as the users of paper money are huge and they will continue to use it even bitcoin gets on mainstream.

For that bitcoin should get accept worldwide as payment gateway, Paper money is now largely used. And that will not change later. I also know that Bitcoin will be more used now in the future.
But many people need also their paper money, because some people dont even know what Bitcoin do, so first we must promote Bitcoin.

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May 05, 2016, 06:10:56 PM
 #819

The future of paper money is as promising as it has been till date as the users of paper money are huge and they will continue to use it even bitcoin gets on mainstream.

For that bitcoin should get accept worldwide as payment gateway, Paper money is now largely used. And that will not change later. I also know that Bitcoin will be more used now in the future.
But many people need also their paper money, because some people dont even know what Bitcoin do, so first we must promote Bitcoin.

Yeah that is the major issue that not many people knows what bitcoin is and how to use it and that is the reason they prefer to use paper money which is easy to spend.
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May 06, 2016, 07:10:10 AM
 #820

Nobody will know what the future will be of the paper money and as you can see now you see of course that Bitcoin is getting more used and it becomes also more popular.
But there are still a lot of people that dont even know how Bitcoin works and that is why paper money cant disappear.
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