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Author Topic: The future of the paper money  (Read 413542 times)
ampere
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February 12, 2016, 10:17:35 PM
 #281

I do like paper money but in the future it will be gone.
The digital currency's are gonna take over the paper money.
Its just a matter of time till it will happen.

Yeah, everything gonna digital in future and people will adopt the change and get into the digital world, but paper money still will be in existence, but we would find more users of digital currency then paper money.
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February 13, 2016, 12:54:05 AM
 #282

The future of paper money seems to be stable, the only thing that would affect paper money would be the inflation rate, if the inflation rate is higher then it would loose all its value and people would prefer to hold more bitcoin rather then fiat.
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February 13, 2016, 02:23:00 AM
 #283

The future of paper money is safe as I don't see any digital currency replacing paper money, and paper do not have any threat from bitcoins, as people would continue to use paper money even if they have better options available.
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March 01, 2016, 07:06:14 PM
 #284

The future of paper money is safe as I don't see any digital currency replacing paper money, and paper do not have any threat from bitcoins, as people would continue to use paper money even if they have better options available.

I heard Sweden is going to be a cashless society. So there will be no paper money there. If it is a successful experiment, it will expand to other states.

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March 01, 2016, 08:00:07 PM
 #285

The future of paper money is safe as I don't see any digital currency replacing paper money, and paper do not have any threat from bitcoins, as people would continue to use paper money even if they have better options available.

That's true paper money don't have any threat from any digital currency, as the majority of the people have habit of holding and using paper money since long time, and it will continue in future too.

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March 01, 2016, 08:51:18 PM
 #286

The future of paper money is safe as I don't see any digital currency replacing paper money, and paper do not have any threat from bitcoins, as people would continue to use paper money even if they have better options available.

That's true paper money don't have any threat from any digital currency, as the majority of the people have habit of holding and using paper money since long time, and it will continue in future too.

Yes, bitcoin will be widely used and accepted in future and that's what we want, we don't either believe that it should replace paper money as it is simply impossible.
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March 02, 2016, 03:20:36 AM
 #287

paper money will stay banks will like to burn all paper money
if you have cash in your pocket your money is your money and your pocket is your bank
banks hate that

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DeDordtenaar
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March 02, 2016, 05:25:13 AM
 #288

I think paper money it still remains.
Especially for older people, because they do not know how to handle the new money
haha lol yeah This generation will be replaced dude. and banknotes/paper money will start to disappear


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March 02, 2016, 05:57:10 AM
 #289

However the technology get advanced, nothing will vanish the use of paper money. Soon use of digital money won't hit the entire world. If it happens also mostly the 1st world countries might adopt it.

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March 02, 2016, 06:07:00 AM
 #290

I think paper money it still remains.
Especially for older people, because they do not know how to handle the new money
haha lol yeah This generation will be replaced dude. and banknotes/paper money will start to disappear

Lets be honest though, to see paper money to fail so hard.

Its going to be when I`m dead in my grave and only my grand children will able to see them if I even have off-springs.

American history has proven how much it can take and still be alive.

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March 02, 2016, 06:25:13 AM
 #291

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

- no,i dont think papper money will banned,papper money always have "holders" and "lovers"
- no,it will not happen.
- it doesn't work,papper money easier to use for some poor people
- the main risk is mass adopted,it wouldn't spread until poor people on poor countries
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March 03, 2016, 09:14:16 AM
 #292

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

- no,i dont think papper money will banned,papper money always have "holders" and "lovers"
- no,it will not happen.
- it doesn't work,papper money easier to use for some poor people
- the main risk is mass adopted,it wouldn't spread until poor people on poor countries


Yeah, paper money can never get disappeared, just look at the life span of paper money and compare it to bitcoin, bitcoin is a small baby in front of paper money, paper money will rule the world in long run.
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March 03, 2016, 04:11:14 PM
 #293

However the technology get advanced, nothing will vanish the use of paper money. Soon use of digital money won't hit the entire world. If it happens also mostly the 1st world countries might adopt it.
you're right, how great was financial technology available on the Internet will probably never be able to make paper money replaced, even bitcoin. I guess banknotes will remain the number one currency in use world community

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March 03, 2016, 04:15:34 PM
 #294

However the technology get advanced, nothing will vanish the use of paper money. Soon use of digital money won't hit the entire world. If it happens also mostly the 1st world countries might adopt it.
you're right, how great was financial technology available on the Internet will probably never be able to make paper money replaced, even bitcoin. I guess banknotes will remain the number one currency in use world community

Yeah that's true, when you consider the current usage of bitcoins only a few millions know about it. When you ask about paper money most will be knowing and using it regularly.


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HarryKPeters
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March 03, 2016, 04:18:16 PM
 #295

The paper money will reduced of course later in the future. But it wont disappear, that is impossible.
Many people need also paper money. And that is good. They also dont even know what Bitcoin is and I hope that more people will know what Bitcoin is.

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March 04, 2016, 08:19:16 PM
 #296

Paper money will ofcourse exist in the future. But you never know what can happen with the digital money and that is quite risky.
I hope that more people will also use some Bitcoin, that will be good for the future, and paper money will always used.
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March 06, 2016, 12:29:24 PM
 #297

Paper money will ofcourse exist in the future. But you never know what can happen with the digital money and that is quite risky.
I hope that more people will also use some Bitcoin, that will be good for the future, and paper money will always used.
i think paper money will still exist because it takes long time to convert from paper money to digital money.
and there will be many countries that would be difficult to adapt.  Angry
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March 06, 2016, 12:33:56 PM
 #298

Paper money will ofcourse exist in the future. But you never know what can happen with the digital money and that is quite risky.
I hope that more people will also use some Bitcoin, that will be good for the future, and paper money will always used.

Yeah, I don't see any threat to paper money from bitcoins, as the users of paper money are in huge proportion, comparatively very few people are using bitcoins at present.

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March 06, 2016, 01:24:34 PM
 #299

Paper money will ofcourse exist in the future. But you never know what can happen with the digital money and that is quite risky.
I hope that more people will also use some Bitcoin, that will be good for the future, and paper money will always used.

Yeah, I don't see any threat to paper money from bitcoins, as the users of paper money are in huge proportion, comparatively very few people are using bitcoins at present.

True  i believe there will be a need of for paper money for decades to come. Sure things are getting done mostly online.
But some things can't be done online and for that we need paper money.

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March 06, 2016, 01:26:28 PM
 #300

Paper money will ofcourse exist in the future. But you never know what can happen with the digital money and that is quite risky.
I hope that more people will also use some Bitcoin, that will be good for the future, and paper money will always used.

Yeah, I don't see any threat to paper money from bitcoins, as the users of paper money are in huge proportion, comparatively very few people are using bitcoins at present.

True  i believe there will be a need of for paper money for decades to come. Sure things are getting done mostly online.
But some things can't be done online and for that we need paper money.

Agreed, and the fact is majority of the population believes in spending physically rather then spending it online, as the people who stay away from internet will find it very complicated and will keep on using paper money.
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