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Author Topic: The future of the paper money  (Read 404072 times)
jamesl22
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May 09, 2016, 08:42:14 PM
 #861

Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.
I guess if someday bitcoin will be known and spread in the real world, I feel that bitcoin will be created in the form of paper, the same as the existing banknotes

If that is the scenario then many more people will start using bitcoin, as people have more faith in a currency that can be hold physically and spent physically.


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May 09, 2016, 10:31:49 PM
 #862

Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.

Well the future should be almost if not all digital as you said,but i dont know what would be the costs to improve the current printed money into digital machines .But i believe we are far away to moove into digital ,on that time bitcoin can become mainstream and more popular.
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May 09, 2016, 10:38:57 PM
 #863

Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.
yeah every country has a different time period may be for the USA who already advanced. they would sooner leave paper money and switch to digital money faster than other countries ?

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May 10, 2016, 04:25:55 AM
 #864

Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.
yeah every country has a different time period may be for the USA who already advanced. they would sooner leave paper money and switch to digital money faster than other countries ?
Well, maybe if a state has bitcoin and the result is a great success, I guess it only takes the right to bitcoin accepted throughout the country and replace banknotes. and I heard several countries have received the bitcoin as one of the public interest

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May 10, 2016, 04:39:30 AM
 #865

Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.
yeah every country has a different time period may be for the USA who already advanced. they would sooner leave paper money and switch to digital money faster than other countries ?
Well, maybe if a state has bitcoin and the result is a great success, I guess it only takes the right to bitcoin accepted throughout the country and replace banknotes. and I heard several countries have received the bitcoin as one of the public interest
yeah it is precisely In the Swiss city, Bitcoin has been received for the service of the public interest now.


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May 10, 2016, 04:46:56 AM
 #866

Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.
yeah every country has a different time period may be for the USA who already advanced. they would sooner leave paper money and switch to digital money faster than other countries ?
Well, maybe if a state has bitcoin and the result is a great success, I guess it only takes the right to bitcoin accepted throughout the country and replace banknotes. and I heard several countries have received the bitcoin as one of the public interest
Public interest is one thing, mass adoptions is another. And even if there's mass adoption, the most that BTC's role will become is an alternate currency. Governments will not allow for it to replace paper money, because they have control of it, unlike BTC which is decentralized by nature. BTC will eventually find its place under the sun, but not as a primary currency.
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May 10, 2016, 06:31:42 AM
 #867

There is no future of paper money

I don't think so, i think many people still using paper money even the digital money like bitcoin become popular, because not every place accepted bitcoin,
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May 10, 2016, 07:16:07 AM
 #868

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.
Thats what everybody supposed to feel. We need paper money without it we cant life. How can we pay things
like rent or something with the bitcoin no i dont think so. There is always paper money and no coin will change that.
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May 10, 2016, 07:22:23 AM
 #869

Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.
I guess if someday bitcoin will be known and spread in the real world, I feel that bitcoin will be created in the form of paper, the same as the existing banknotes
Paper money will not have that bad future and that is because you also can see that there is still a lot of people that dont even know how Bitcoin works and that is the problem.
So they just use the paper money and it will not disappear soon because it is quite important for the most people.
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May 10, 2016, 07:23:32 AM
 #870

What will the future bring us i don't know maybe a big bitcoin world where everybody
get payed by coins and pays their bills with coins. Noo that's not true paper money will always
be the best way to pay something. Banks will never let that disappear.
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May 11, 2016, 09:42:49 PM
 #871

What will the future bring us i don't know maybe a big bitcoin world where everybody
get payed by coins and pays their bills with coins. Noo that's not true paper money will always
be the best way to pay something. Banks will never let that disappear.

Thes most banks already offer their services digital,soo it wont take a long period till you do anything from home,talking with manager and your bank at cellphone to do or not the investment make or not the payment,be sure printed money has its days counting the period till that happen can be 50 or more years but be sure the improvement will be done.
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May 11, 2016, 09:57:48 PM
 #872

If bitcoin gains physical form in the future then it can give tough competition to paper money but I don't think it will ever happen in future and if it does then also we need to wait long time.
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May 11, 2016, 10:11:36 PM
 #873

The paper money will on a day disappear it will of course take a lot of time and I think it will be around the 5 years from now it can happen.
Its getting closer and closer of course but we will what happen.


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May 11, 2016, 10:21:35 PM
 #874

The paper money will on a day disappear it will of course take a lot of time and I think it will be around the 5 years from now it can happen.
Its getting closer and closer of course but we will what happen.

Paper money will never disappear mate, especially in poor countries where majority of people are not aware about technology and how to use internet, they will choose what is easy for them.
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May 12, 2016, 09:45:21 AM
 #875

The paper money will on a day disappear it will of course take a lot of time and I think it will be around the 5 years from now it can happen.
Its getting closer and closer of course but we will what happen.

Paper money will never disappear mate, especially in poor countries where majority of people are not aware about technology and how to use internet, they will choose what is easy for them.

This is what people don't see. Bitcoin can't touch the far away land and bitcoin can only be used "ONLINE". No internet connection , no bitcoin transaction, of course except for a ledger or hardware that can user bitcoin directly to a shop. Majorty of people doesn't have the transaction like that so still it's a dumb thing to desire that bitcoin will replace paper money.


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May 12, 2016, 11:22:47 AM
 #876

The paper money will on a day disappear it will of course take a lot of time and I think it will be around the 5 years from now it can happen.
Its getting closer and closer of course but we will what happen.
We never know if the paper money is going to disappear, I think that is not not that good of a idea to make everything in the world digital in the future.
But even then it would take some time before we can do that, it is also going to depend per country.
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May 12, 2016, 11:42:36 AM
 #877

The paper money will on a day disappear it will of course take a lot of time and I think it will be around the 5 years from now it can happen.
Its getting closer and closer of course but we will what happen.
We never know if the paper money is going to disappear, I think that is not not that good of a idea to make everything in the world digital in the future.
But even then it would take some time before we can do that, it is also going to depend per country.

Eventualy it will dissapear simply because of the benefits of digital money. But yes in most continents it will be used for decades to come. since many countries are behind when it comes to ict and tech.

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May 12, 2016, 11:47:29 AM
 #878

The paper wallet is not going to dissapear in the future, but the quantity of the big amounts like 500 euros will not be produced, so 200 and 100 euros and down will be used more, but in generally the paper money can't be disappeared, there are millions of people that do not have access to internet.

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May 12, 2016, 12:05:24 PM
 #879

The paper money will on a day disappear it will of course take a lot of time and I think it will be around the 5 years from now it can happen.
Its getting closer and closer of course but we will what happen.
We never know if the paper money is going to disappear, I think that is not not that good of a idea to make everything in the world digital in the future.
But even then it would take some time before we can do that, it is also going to depend per country.

Eventualy it will dissapear simply because of the benefits of digital money. But yes in most continents it will be used for decades to come. since many countries are behind when it comes to ict and tech.

Yeah especially in poor countries people will prefer to use paper money, as people who are working on daily wages will always get paid in paper money, we can't expect them earning in bitcoin.
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May 12, 2016, 01:54:17 PM
 #880

Paper money have not that bad future and that is because there are now here still a lot of people that dont even know about Bitcoin and that is why they are using still their paper money as their payment method.
And of course you can see that people is going to use Bitcoin more and that it also becomes more popular but it wont replace it.
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