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Author Topic: The future of the paper money  (Read 404053 times)
bestluck
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May 19, 2016, 10:42:14 AM
 #921

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.


Day by day the world is going to be part of Digital. As I feel in the digital world paper money is going to vanish and online banking system already started, there is many kind of card as like Master card, Visa Card ect.

Could be or for those who easily got access with it. Maybe for a country with high technology. But poor countries with a lot of rural areal will never get use to this.

Example is how would you give a beggar money? You will swipe the master card in what?  Grin

Agreed, there are few things where only paper money can help and you cannot use bitcoin, there are many people who work on daily wages especially labors we cannot expect them using bitcoin.

the beggar the labors and some other categories cannot accept bitcoin because they are uneducated and cannot understand the technology of bitcoin, but if the governments worked to provide proper training to all the citizens then I think everyone will accept payment in bitcoin, and then the beggars will not need any beg but they will be able to get to do some work for earning.
But still I will say that paper money will have the same value in future as is now.


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May 19, 2016, 10:43:25 AM
 #922

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.


Day by day the world is going to be part of Digital. As I feel in the digital world paper money is going to vanish and online banking system already started, there is many kind of card as like Master card, Visa Card ect.

Could be or for those who easily got access with it. Maybe for a country with high technology. But poor countries with a lot of rural areal will never get use to this.

Example is how would you give a beggar money? You will swipe the master card in what?  Grin

Agreed, there are few things where only paper money can help and you cannot use bitcoin, there are many people who work on daily wages especially labors we cannot expect them using bitcoin.
Exactly, because they( labors) have no little bit knowledge about all coins currencies, most of the labors are uneducated in many countries, if we tell them but they can't use it because they can never understand to use the ways of bitcoins or the other coins. same situation with our farmers, in my country, most of the farmers are uneducated, may be a few member are educated, but they have no interest to use the bitcoins, because they don't know about internet, so in this way, paper money too much easy for that kind of the peoples.
I m agree to your point, where i m living in my country, my farmers and labors are very poor peoples, also they are uneducated, even they don't know about credit and others cards, they are only using paper money. so it can't happened that online currencies damage to paper money.

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eddyubachs
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May 19, 2016, 10:44:21 AM
 #923

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.


Day by day the world is going to be part of Digital. As I feel in the digital world paper money is going to vanish and online banking system already started, there is many kind of card as like Master card, Visa Card ect.

Could be or for those who easily got access with it. Maybe for a country with high technology. But poor countries with a lot of rural areal will never get use to this.

Example is how would you give a beggar money? You will swipe the master card in what?  Grin

Agreed, there are few things where only paper money can help and you cannot use bitcoin, there are many people who work on daily wages especially labors we cannot expect them using bitcoin.

the beggar the labors and some other categories cannot accept bitcoin because they are uneducated and cannot understand the technology of bitcoin, but if the governments worked to provide proper training to all the citizens then I think everyone will accept payment in bitcoin, and then the beggars will not need any beg but they will be able to get to do some work for earning.
But still I will say that paper money will have the same value in future as is now.

There is no competition for paper money from bitcoin in future and people will continue to use it in future too as they are more comfortable in using it.
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May 19, 2016, 02:29:24 PM
 #924

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.

Even I like so much pal, The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.
Paper money will never extinguish but the use of it for sure will be decreased in the next years.

I see no decrease even for the next 50 years. Paper money will still prevail and all kinds of transactions are possible in paper money rather by bitcoin which you only have the ability to accessed it by online.
But I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.



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terman45x
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May 19, 2016, 02:50:00 PM
 #925

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.

Even I like so much pal, The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.
Paper money will never extinguish but the use of it for sure will be decreased in the next years.

I see no decrease even for the next 50 years. Paper money will still prevail and all kinds of transactions are possible in paper money rather by bitcoin which you only have the ability to accessed it by online.
But I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.

That is quiet possible to happen but the major issue is we don't know whether bitcoin will survive for next 50 years or not, if its alive then people will prefer to use only bitcoin.
rio3233
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May 19, 2016, 02:59:28 PM
 #926

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.

Even I like so much pal, The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.
Paper money will never extinguish but the use of it for sure will be decreased in the next years.

I see no decrease even for the next 50 years. Paper money will still prevail and all kinds of transactions are possible in paper money rather by bitcoin which you only have the ability to accessed it by online.
But I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.

That is quiet possible to happen but the major issue is we don't know whether bitcoin will survive for next 50 years or not, if its alive then people will prefer to use only bitcoin.

Well, our lives every years always upgrade into digital era. I'm sure someday we will not use the paper money anymore and all money become digital.
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May 19, 2016, 03:16:50 PM
 #927

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.

Even I like so much pal, The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.
Paper money will never extinguish but the use of it for sure will be decreased in the next years.

I see no decrease even for the next 50 years. Paper money will still prevail and all kinds of transactions are possible in paper money rather by bitcoin which you only have the ability to accessed it by online.
But I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.

That is quiet possible to happen but the major issue is we don't know whether bitcoin will survive for next 50 years or not, if its alive then people will prefer to use only bitcoin.

Well, our lives every years always upgrade into digital era. I'm sure someday we will not use the paper money anymore and all money become digital.

Yeah that is quiet possible, as it takes me to the past when internet took birth, majority of us said that it will not survive, but today it has become an necessity of each and every individual.
DuckKeeper
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May 20, 2016, 08:00:07 AM
 #928

It is really hard to predict what the future will be of the paper money but 1 thing for sure is that paper money will not disappear and that is because it is still many used by many people.
And of course you see that Bitcoin is getting more popular and used but that is not controlling the paper money.
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May 20, 2016, 04:08:37 PM
 #929

I like bitcoins a lot, paper money is very risky especially when bringing it in a dangerous place. I think the world is a better place to live if we all go digital. In that sense we could easily track our expenses and even required the government to give us the information to track public spending.

Even I like so much pal, The future of the paper money is pretty bad because everything is gonna be digital so that is good for the bitcoin but bad for the paper money.
Paper money will never extinguish but the use of it for sure will be decreased in the next years.

I see no decrease even for the next 50 years. Paper money will still prevail and all kinds of transactions are possible in paper money rather by bitcoin which you only have the ability to accessed it by online.
But I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.

That is quiet possible to happen but the major issue is we don't know whether bitcoin will survive for next 50 years or not, if its alive then people will prefer to use only bitcoin.

Bitcoin will survive even after 50years. People are now realizing the value of bitcoin so they will be more involve. Besides , bitcoin already.survive this far and bitcoin was not yet known before nor it have a good price yet. Bitcoin will continue to survive especially now that it is stable, good price and used by many.

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May 20, 2016, 04:10:16 PM
 #930

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.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

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May 20, 2016, 04:56:38 PM
 #931

Once up on a time the people was using gold or silver coin that time there was no any Paper Money. Now on the digital world every system is running with net/online.Paper money will destroy and vanish. Now banking system also running with Master Card , Visa card , Paypal card ect. 
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May 20, 2016, 05:00:39 PM
 #932

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.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

Yeah and the fact is that its not easy to steal your bitcoin but you can get robbed with paper money,  but still people are more comfortable in using paper money.
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May 20, 2016, 05:02:37 PM
 #933

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.

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

Yeah and the fact is that its not easy to steal your bitcoin but you can get robbed with paper money,  but still people are more comfortable in using paper money.

I think steal someone bitcoin is also easy if the person easily click random link that have a virus that can steal his coin. Both paper money and bitcoin are easy to steal imo.
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May 20, 2016, 05:17:26 PM
 #934

Once up on a time the people was using gold or silver coin that time there was no any Paper Money. Now on the digital world every system is running with net/online.Paper money will destroy and vanish. Now banking system also running with Master Card , Visa card , Paypal card ect. 
I think gold and silver will not be used in the future, it is because the stock is limited, unlike paper money which is not limited, I guess banknotes will remain in use, and bitcoin will only continue to shine on the internet


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May 20, 2016, 08:54:43 PM
 #935

Believe me, there is more "hackers" working with paper money, fiat, than with digital currencies, from my point of view we will be more safe with crypto than with all those fiat guys....

Are you one of them, or the one who goes after them?

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May 20, 2016, 10:21:20 PM
 #936

It is really hard to predict what the future will be of the paper money but 1 thing for sure is that paper money will not disappear and that is because it is still many used by many people.
And of course you see that Bitcoin is getting more popular and used but that is not controlling the paper money.
widely used not mean not disappear. you know the radio? a few years ago radios used by everyone and that is now on leave because it is considered are too old ?


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May 21, 2016, 11:38:27 PM
 #937

the reason why hackers are more interested in fiat money is because the price of it is steady
and doesnt fluctaute frequently. and when bitcoin achieve let say $1000 per bitcoin hackers
will turn theyre eyes to bitcoin and hack it, even right now bitcoin is being hacked.

The value of 1 bitcoin really doesn't matter. Hackers just look at total value - whether bitcoin or fiat.
They just try to extract the maximum possible value.
I think hackers will not see the price of bitcoin or something. there is even a hacker who stolen $2 from balance in my paypal accoutn? lol
as long as there is money in your purse. then hackers will steal your money. no matter it paper money or bitcoin.



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May 22, 2016, 12:02:57 AM
 #938

I could see in the future that only criminals, tax evaders and money launderers use paper money. There's really no need for it 99.9% of the time unless you're doing it for my reasons listed above.














 

 

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May 22, 2016, 01:18:09 AM
 #939

I could see in the future that only criminals, tax evaders and money launderers use paper money. There's really no need for it 99.9% of the time unless you're doing it for my reasons listed above.

Anybody who doesn't have immediate access to the traditional banking system would still use paper money.
Kids selling lemonade, homeless, etc

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May 23, 2016, 08:20:50 PM
 #940

I could see in the future that only criminals, tax evaders and money launderers use paper money. There's really no need for it 99.9% of the time unless you're doing it for my reasons listed above.

Is that also not exactly true of cryptocurrency?


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