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Author Topic: The future of the paper money  (Read 412221 times)
knowhow
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March 28, 2016, 02:12:27 PM
 #561

Paper money will be removed soon or later,credit and debit cards as bitcoin will turn and become the main way to moove your money ,soo they can start an coutdown,as governements see what they can save stop printing the coins ,but with printed money they can control the flux of the currency.
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March 28, 2016, 02:23:39 PM
 #562

Paper money will be removed soon or later,credit and debit cards as bitcoin will turn and become the main way to moove your money ,soo they can start an coutdown,as governements see what they can save stop printing the coins ,but with printed money they can control the flux of the currency.

For the next 5-10 years i'm sure people still use paper money, but i think someday people will not use paper money because bitcoin is a digital currency.
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March 28, 2016, 05:12:12 PM
 #563

Paper money will be removed soon or later,credit and debit cards as bitcoin will turn and become the main way to moove your money ,soo they can start an coutdown,as governements see what they can save stop printing the coins ,but with printed money they can control the flux of the currency.


I think paper money will exist. Very important thing. I don't know how people will live without cash can even imagine it.

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March 28, 2016, 11:49:02 PM
 #564

 Be sure credit and debit cards means money for the most people over the world soo in the end you will walk with your money more safety,just that
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March 29, 2016, 04:44:35 AM
 #565

That would a great way in fighting anti-robbery around the street but what about the robbery in the worldwide web? I have heard one story of a call center agent that they can steal some money from credit cards.

With or without paper money there will always be a robbery, so you cant really expect things to be safe just because the world is choosing not to use paper money anymore. However the world needs to adapt if it wants to survive therefors the usage of paper money will be less and less in the future

Have you though about the people who cant use this kind of online currency? Who cant afford to get a credit or debit card? Really man, there are still a lot of people in the street who dont have this kind of sh1t they are still poor, and why would they get something that they will need to pay annually. In bitcoin case, they would need to be teach on how they will use it.





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betohell
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March 29, 2016, 05:19:40 AM
 #566

Paper money will be in use whatever means of transactions as well currencies exist, Paper money is in use from the early days of human existence.
agree with you more than a thousand years of paper money survive. they may not disappear just because the coming digital era
may be a few users left. but paper money will not be lost

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March 29, 2016, 05:25:09 AM
 #567

Be sure credit and debit cards means money for the most people over the world soo in the end you will walk with your money more safety,just that
yes, with credit and debit cards we might be able to walk and takes the money safely, but it may occur when all the shops have a tool atm to withdraw money at any time we needed it. I think it's getting better bitcoin

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March 29, 2016, 05:31:48 AM
 #568

Paper money will be here for awhile there's no telling when they will be gone but bitcoin will continue rising.
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March 29, 2016, 05:39:10 AM
 #569

Paper money will be here for awhile there's no telling when they will be gone but bitcoin will continue rising.

There will always be some country that will keep their paper money because it is more conventional than digital currency or some other digital payment method. A country could only use a digital or cashless payment method only if their country's infrastructure such as wifi / internet connection is good enough, there is no way that poor countries in africa could adopt this payment method


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March 29, 2016, 07:39:12 AM
 #570

Paper money will be here for awhile there's no telling when they will be gone but bitcoin will continue rising.

Paper money will surely be here for a long time and wont be replace by bitcoin or any other digital currency.
When we move on the next phase of our evolution we will not be using paper money.

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March 29, 2016, 07:58:45 AM
 #571

In the future the paper money will still exist, because not all people can afford to buy a mobile and can afford to pay for the internet provider.
There are still 3rd world country that will still prefer to use paper money. Also, not all government will accept/adapt to bitcoin.
I think the bitcoin will still keep on rising and getting more popular.
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March 29, 2016, 10:41:36 AM
 #572

In the future the paper money will still exist, because not all people can afford to buy a mobile and can afford to pay for the internet provider.
There are still 3rd world country that will still prefer to use paper money. Also, not all government will accept/adapt to bitcoin.
I think the bitcoin will still keep on rising and getting more popular.
That's true especially people from poor countries will keep on using paper money as they are not aware about the bitcoins yet and if they are aware they will hesitate in using it.
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March 29, 2016, 10:59:35 AM
 #573

In the future the paper money will still exist, because not all people can afford to buy a mobile and can afford to pay for the internet provider.
There are still 3rd world country that will still prefer to use paper money. Also, not all government will accept/adapt to bitcoin.
I think the bitcoin will still keep on rising and getting more popular.
That's true especially people from poor countries will keep on using paper money as they are not aware about the bitcoins yet and if they are aware they will hesitate in using it.


Yeah paper money will still be used there and bitcoin is not a main factor as they wont even have internet connection to get bitcoin.
So paper money will still be alive for a long period of time.

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March 29, 2016, 11:48:29 AM
 #574

Paper money will not cease to exist simply because government will not allow it to happen. As simple as that. We can continue to use bitcoin but I do not think we will have enough influence to abolish the government backed paper money. They will continue to print and we will continue to use it even if we have bitcoin to rely on. Bitcoin will just be an alternative, a better alternative.

Unless the government wants a cashless monetary system because it's easier to control digital money than physical cash. That's what people are worried about. Digital money doesn't mean Bitcoin, it just means not physical fiat. As it is, the majority of the transactions in the US are already cashless digital transactions. People are just worried that what is now a convenience will someday be mandatory.


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March 29, 2016, 12:08:47 PM
 #575

Be sure credit and debit cards means money for the most people over the world soo in the end you will walk with your money more safety,just that
it is a common form of digital money you do not need paper money. the actual picture of the future of paper money is already evident from the many people who use debit or credit cards.
I own many use credit cards instead of paper money. you know I mean

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March 29, 2016, 12:27:14 PM
 #576

In the future the paper money will still exist, because not all people can afford to buy a mobile and can afford to pay for the internet provider.
There are still 3rd world country that will still prefer to use paper money. Also, not all government will accept/adapt to bitcoin.
I think the bitcoin will still keep on rising and getting more popular.
That's true especially people from poor countries will keep on using paper money as they are not aware about the bitcoins yet and if they are aware they will hesitate in using it.


Yeah paper money will still be used there and bitcoin is not a main factor as they wont even have internet connection to get bitcoin.
So paper money will still be alive for a long period of time.

Paper money has been used for many decades now and its will stay that way no technology can take that away.
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March 29, 2016, 01:04:01 PM
 #577

paper money as we know it is going to be extinct in a couple of years for sure but money (fiat) as we know it is never gonna go away. the only thing possible is that it might change form like online banking (everything digital), things like credit cards,... will replace it. but i don't think money system is gonna be replaced even by bitcoin.

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KoinKartel
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March 29, 2016, 01:17:23 PM
 #578

If it's something made by the government or by banks then you should definitly know that it won't be private and they will have control of everything just like the banks right , nothing much will change .
and for what comes to the Paper money I don't think it will dissapaear , maybe on some countries yes but worldwide ?definitly not because some countries don't even use Credit cards for their transactions so ... yep

When you say "Private," what do you mean?

Governments can quite easily put out a non-private digital currency and still maintain almost 100% control of that currency. I mean, who really created Bitcoin? That hasn't been revealed.

The benefit of digital currencies is their 'programmable' aspect.

It doesn't matter what a small segment of anarchists and/or libertarians think, 90% of most societies in the world live almost 100% by the word of their government. And if their government tells them to adopt some form of digital currency that they have programmed to deduct certain amounts of money per year for tax purposes, then they WILL adopt that currency - regardless of how private or non-private it is.

But, overall, if some government actually did this, then they would be bringing with them an entire country and adding that population to the crypto currency ecosystem - which will be a GREAT thing for alternative currency developers

As far as paper money goes, there has been plans to eliminate paper currencies since the invention of debit and credit cards. Denmark is now a testing ground for the coming cashless society as well as Sweden.

So, clearly, cash is on the way out and this has many connotations on a macro economic scale.

Without cash, there can be no bank runs. So perhaps in the coming years, the world governments are anticipating some form of catastrophic event that could lead to a world wide run on the banks. And, through technologies such as Bitcoin and the Blockchain, they are preempting this by slowly ushering in a completely re-designed financial system... beginning with the gradual elimination of Cash

nielaminda
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March 29, 2016, 01:22:16 PM
 #579

Paper money will still lived on and will be used by people around the world,people living in areas where internet is not capable will use paper money and wont use bitcoin.
EdenHazard
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March 29, 2016, 01:23:15 PM
 #580

Be sure credit and debit cards means money for the most people over the world soo in the end you will walk with your money more safety,just that
it is a common form of digital money you do not need paper money. the actual picture of the future of paper money is already evident from the many people who use debit or credit cards.
I own many use credit cards instead of paper money. you know I mean
The future would match to a non-paper money , as you said using debit card/credit card are more simple and secure.

The problem are,  there is many merchants not yet accept that non-paper money, they prefer to use paper money. But we know it will solved as time goes by.

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