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Author Topic: The future of the paper money  (Read 403600 times)
richardsNY
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May 23, 2016, 09:00:47 PM
 #941

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


Not only they are still using cash money, but also local bazaars where people still use cash money to buy what they need. It doesn't depend only on poor people/third world countries. Cash money will always be a part of the economy. It will surely decrease in usage, but it won't vanish.

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May 23, 2016, 09:51:15 PM
 #942

Paper money will exist till people using them, goverment will not bad it i think, maybe in 20 years they will start doing something but nowdays it's safe.

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May 24, 2016, 08:23:51 AM
 #943

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

Paper money is still used a lot and that is nice because you already can see now that there are more people that is going to use Bitcoin but there are still a lot of people that dont even know how to use it.
And that have to change of course but that will takes a long time because you must win their trust also.
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May 24, 2016, 09:25:07 AM
 #944

Paper money will exist till people using them, goverment will not bad it i think, maybe in 20 years they will start doing something but nowdays it's safe.

That's for sure, paper money will be needed by the government, as many people couldn't easily adopt if the government will implement
the digital currency, like bitcoin. And paper money is much easier to use since people all of us are used to it.



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May 24, 2016, 09:52:47 AM
 #945

Paper money will exist till people using them, goverment will not bad it i think, maybe in 20 years they will start doing something but nowdays it's safe.

That's for sure, paper money will be needed by the government, as many people couldn't easily adopt if the government will implement
the digital currency, like bitcoin. And paper money is much easier to use since people all of us are used to it.

That's true paper money doesn't have any threat from bitcoin, people who are not used to internet and online shopping will prefer to use paper money for their transactions.


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May 24, 2016, 10:59:00 AM
 #946

Paper money will exist till people using them, goverment will not bad it i think, maybe in 20 years they will start doing something but nowdays it's safe.

A lot of people using cards for shoping, another payment etc.. paper money now is not so actual. Most people using it for cheap things or for guaranting that it's not scam. huge disadvatage of paper money is that they can be falsify, So most of the people will switch to Digital money and other upcoming methods.
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May 24, 2016, 01:50:54 PM
 #947

Of course it will be really hard to predict what is going to happen with the paper money and that is the problem but it is also hard to know what will happen with the Bitcoin.
And of course you see that the Bitcoin is becoming more popular but it is not that used that much so that have to change also.
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May 24, 2016, 01:57:38 PM
 #948

Of course it will be really hard to predict what is going to happen with the paper money and that is the problem but it is also hard to know what will happen with the Bitcoin.
And of course you see that the Bitcoin is becoming more popular but it is not that used that much so that have to change also.

May be bitcoin will disappear in future but paper money will never, paper money is traditional and its existence is from ages, I don't think paper money will ever disappear.
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May 24, 2016, 03:42:54 PM
 #949

Of course it will be really hard to predict what is going to happen with the paper money and that is the problem but it is also hard to know what will happen with the Bitcoin.
And of course you see that the Bitcoin is becoming more popular but it is not that used that much so that have to change also.

May be bitcoin will disappear in future but paper money will never, paper money is traditional and its existence is from ages, I don't think paper money will ever disappear.

No bitcoin will not be dissappear as long it has users. On the other hand, it's no reason to believe that paper money will dissappear just because of bitcoin. Bitcoin can't touch those physical transaction so in this paper money will still prevail. It's just that we really have benefits when using bitcoin at the same time.


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May 24, 2016, 03:59:44 PM
 #950

I see a very bright future of the paper money without any downside.

It is true that bitcoin has emerged in to a very important online currency nowadays. But paper money can't be beaten this way.

Probably the 1% of world population knows about bitcoin and 100% uses paper money. So in future probably bitcoin penetration will increase, but can't defeat paper money,

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May 24, 2016, 04:01:43 PM
 #951

The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
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May 24, 2016, 04:11:42 PM
 #952

The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.

So how or what is your view in those third world countries? Are they ready to use the fully digital transaction? And do you think that is easy to do even we count for a decades?

Please make some research that not all countries can hug and support all digital means of transaction.


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May 24, 2016, 04:13:45 PM
 #953

The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.

So how or what is your view in those third world countries? Are they ready to use the fully digital transaction? And do you think that is easy to do even we count for a decades?

Please make some research that not all countries can hug and support all digital means of transaction.
I am from third world country and I know what is the exact scenario, to be honest bitcoin is still no where, very few are aware about it and even in future people will prefer to use paper money.
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May 24, 2016, 05:27:58 PM
 #954

The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.
I think you've gone too far once thought comrades. even the digital world it is bound to use the hardware to transact, ie with money. you can not pay toilet digitally friend  Grin


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Corenin
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May 24, 2016, 07:44:15 PM
 #955

I don't think paper money is going anywhere, and paper money and bitcoin are two different forms of currencies one is best to spend physically and the other is best to spend digitally.
randy8777
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May 24, 2016, 08:30:39 PM
 #956

The future of the paper money is not so good because everything in the future is gonna be digital.
The advantages of that are that its of course way safer and easier with payments, due to this fact at the end the paper money will disappear.

So how or what is your view in those third world countries? Are they ready to use the fully digital transaction? And do you think that is easy to do even we count for a decades?

Please make some research that not all countries can hug and support all digital means of transaction.
I am from third world country and I know what is the exact scenario, to be honest bitcoin is still no where, very few are aware about it and even in future people will prefer to use paper money.

third world countries will always have paper money as their preference as they don't have internet access all the time. that will most likely never change unless the government or wealthy companies there decide to roll out proper internet in well crowded places.
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May 25, 2016, 03:46:08 AM
 #957

Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.

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RobinHoodster
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May 25, 2016, 07:52:26 AM
 #958

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

Paper money will not have that bad future and that is because there are still a lot of people that is using it as their payment method so that is not that bad for the paper money.
And of course you see that Bitcoin is becoming more popular and more used so that is really nice for the Bitcoin but it have only now to rise slowly so we can sell it in the future.
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May 25, 2016, 12:34:02 PM
 #959

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

You have to consider that Bitcoin - by now - is (still) outside the traditional banking system. So it's basically accessible for everyone, including those that would never get a bank account.

I think it's possible that the state withdraws from physical cash all together. It will be framed as a measure to combat crime but in fact it will be done in a move to prolong the terminally ill fiat scheme and financially enslave the population to make people more controllable.

Hopefully, the people behind Bitcoin will be strong enough to defend the network against attempts to turn it into a state-controlled nightmare. Digital money has a great future and can change the lives of many people for the better. However the precondition is that it remains private and free.

ya.ya.yo!
danherbias07
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May 25, 2016, 01:14:35 PM
 #960

Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.

Hmm when you say developed I see Singapore. But I dont know man. Paper money got a lot of history in it. It will be hard for the government to change it specially for the people also.

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