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nejibens
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April 10, 2016, 02:40:45 PM |
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If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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jaysabi
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Activity: 2044
Merit: 1115
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April 10, 2016, 04:56:48 PM |
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If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.
Bitcoin needs to become price stable before it does any conquering of anything. |
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expert4knowledge
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April 14, 2016, 06:18:21 PM |
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If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.
I do not think that paper money appears and if in case it appears it is very out of mind that bitcoin can replace it, at least with its current format. |
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lissandra
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April 14, 2016, 10:58:12 PM |
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If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.
Bitcoin needs to become price stable before it does any conquering of anything. or it just needs to be legalized 1st lol. whatever the price goes up or down, it still needs to be accepted everywhere in the law in every state in the US 1st.. for it to even have a chance. |
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JessicaSe
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Activity: 840
Merit: 1000
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April 14, 2016, 11:05:25 PM |
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Paper money will never have a threat from bitcoin in future, bitcoin is still a small kid in front of fiat, and fiat will always rule the world for sure.
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jaysabi
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Activity: 2044
Merit: 1115
★777Coin.com★ Fun BTC Casino!
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April 15, 2016, 12:19:14 AM |
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If the Bitcoin will conquer the world as expected, so i think paper money will disappear as most people will use bitcoin instead of it.
Bitcoin needs to become price stable before it does any conquering of anything. or it just needs to be legalized 1st lol. whatever the price goes up or down, it still needs to be accepted everywhere in the law in every state in the US 1st.. for it to even have a chance. No government agency is forbidding it, so it is already legal. The problem is merchants aren't adopting it because it's not compelling. It can't hold a steady value which makes it useless as a currency. |
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DuckKeeper
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April 15, 2016, 02:41:03 PM |
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The future of paper money will later in the future indeed disappear as you can see now you see also that the value is not even getting higher and that is the problem.
But it will be nice if Bitcoin is getting more popular and also more acceptable.
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Piltover
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April 15, 2016, 02:53:04 PM |
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Soon or later the money will disappear, I really have no doubts about that because the paper money is just a old way to pay, in my country a lot of people are already using their credit card or bank account pass to pay things in the stores itself.
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rababo
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April 16, 2016, 07:29:45 AM |
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Paper money will still exist in future, but it might be reduced.
Digital currency is gonna take over the paper money.
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setupbounds
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April 16, 2016, 12:09:32 PM |
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People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.
Paper money has the advantage that it is with you physically and you have more trust on it. Even if bitcoin hits mainstream, paper currency will always be there for these people. |
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hawkins
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April 16, 2016, 01:25:16 PM |
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Paper money will still exist in future, but it might be reduced.
Digital currency is gonna take over the paper money.
I agree with you, because now the technology will be growing, perhaps one day we no longer need paper money, and will use a credit card or something digital. |
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Denker
Legendary
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Activity: 1442
Merit: 1014
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April 16, 2016, 01:35:27 PM |
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Paper money will still exist in future, but it might be reduced.
Digital currency is gonna take over the paper money.
I agree with you, because now the technology will be growing, perhaps one day we no longer need paper money, and will use a credit card or something digital. I don't get it. In the US many people already use credit card mostly to buy what they need. In scandinavian countries the same.Sweden is almost free of cash. Paying with smartphone becomes more and more popular. 95% of the fiat is digital! The future is already here! The problem is only with all these different payment systems you are under total control and surveiilance. Bitcoin can change that! |
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ricardobs
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April 16, 2016, 08:31:33 PM |
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People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.
These are some people who do not want to accept the change. They cant digest change from paper currency to Digital. If it is possible we have to educate them so that they get to know the benefits of this Bitcoin currency and hence they start using it. |
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co5hike
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April 16, 2016, 10:01:42 PM |
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People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.
These are some people who do not want to accept the change. They cant digest change from paper currency to Digital. If it is possible we have to educate them so that they get to know the benefits of this Bitcoin currency and hence they start using it. Yes we all know that people resist change and its really difficult for them to accpet or switch to something new, as they will only do that only if they are hundred percent sure about it or else they will continue with fiat. |
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DeDordtenaar
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April 16, 2016, 11:01:35 PM |
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Paper money will never have a threat from bitcoin in future, bitcoin is still a small kid in front of fiat, and fiat will always rule the world for sure.
but did not rule out the possibility because the whole body if the user already reach all people on earth. nothing can stop bitcoin to be able to replace the dollar and defeat it |
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malzahar
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April 16, 2016, 11:07:31 PM |
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People who are comfortable with paper money will only use paper money even if bitcoin hits the mainstream as they will find easy way to spend their money, and paper money will take care of it.
These are some people who do not want to accept the change. They cant digest change from paper currency to Digital. If it is possible we have to educate them so that they get to know the benefits of this Bitcoin currency and hence they start using it. I believe change is already happening either we like it or not lol. Money has been evolving in our generation form, like the whole square, apple pay, etc. Its only natural if we see bitcoin becoming the new form. |
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xht
Sr. Member
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Activity: 462
Merit: 250
hey you, yeah you, fuck you!!!
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April 16, 2016, 11:21:02 PM |
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Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.
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chaosknight
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April 16, 2016, 11:24:03 PM |
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Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.
Paper money is ruling the world since its inception and no other currency can replace it in future, people are more comfortable in using fiat rather going for digital stuff. |
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KennyR
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April 17, 2016, 12:06:04 AM |
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Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.
Paper money is ruling the world since its inception and no other currency can replace it in future, people are more comfortable in using fiat rather going for digital stuff. Yeah from its existence paper money is ruling the world. This could continue till the end of the world and the future will continue to use digital currencies as an alternative but would never replace the use of paper money. |
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Cyaren
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April 17, 2016, 12:08:33 AM |
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I believe that the paper the government has to print them on is getting more and more expensive, so it's getting harder for governments to print currency and manipulate the currency supply. And most people use online banking anyway... So why not? Digital currency/bitcoin will never replace money and people will still use the paper money because The paper currency will never be replaced.
Exactly what people said when coins were the only currency and paper, representative money came along. |
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