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Author Topic: The future of the paper money  (Read 414997 times)
danherbias07
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June 03, 2016, 08:38:06 AM
 #1061

I have been noticing lately that I don't use as much paper money as I used to. In the past, I wouldn't feel comfortable if my wallet is going low on cash. Now I prefer that I place just a small amount in my wallet and just use my debit card for most of my expenses. The future of bitcoin as a digital currency looks pretty bright if only the development continues and more people start to use it.
Using your debit card actually is very comfortable, especially when you are doing shopping in a mall, you don't need to bring a lot of cash which I would say makes our life easy and convenient when it comes to dealing with this type of transaction. On the other hand, if we can attract more merchant to adopt bitcoins then it would be very convenient for us to spend our coins only having the things we want to buy.
I could still remember, maybe about 12 years ago, my friends and I went to a tech shop to buy a brand new desktop computer. PCs during those times were still rather expensive and tablets and android were still not around. My friend having the need to bring loads of cash, had to strap them in a lot of different places, in a lot of creative ways. He put some on his socks, his briefs, his legs and I can't remember where else. With the technology we have now, those things are being avoided and there's less hassle in doing transactions. All we need to do now is bring a debit card. I would like to see myself 12 years from now shopping with a digital currency, be it bitcoin or some other alternative.
hahaha, that was a very risky way in buying a certain item, bringing cash in the public gives you an uncomfortable feeling that you might be rob, but with bitcoins nowadays, you can already but that items with just one click away. The good thing, we don't need to have to comply with so many requirements like banks do before we can transact online.

That is reality though. Imagine bringing that much money. I have done that too they are actually in a belt bag. I act like a normal walking guy buy deep inside my heart I am scared and my heart is beating so fast.
Now you could bring a credit card to make a faster transaction to buy a smartphone or other expensive things without the hassle of counting in front of the counter or getting scared in the public knowing you got a lot of money in your bag.


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June 03, 2016, 01:59:51 PM
 #1062

Paper money will stay for long time more.Even Swedish sociaty wants paper money back.your pocket is best bank often


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June 03, 2016, 03:08:01 PM
 #1063

The future of the paper money is not so good this year but its logical if you ask me because of the fact that everything is going to the digital side.
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June 03, 2016, 05:50:15 PM
 #1064

The future of the paper money is not so good this year but its logical if you ask me because of the fact that everything is going to the digital side.
Yes, it will not destroyed but the use of paper money will be decreased a lot. But it may be needed for some limited cases.

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June 03, 2016, 06:47:09 PM
 #1065

I think that paper money have future, cause many people is intereted on using of paper money and goverment will support it. Digital money is so hard to integrate.

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June 04, 2016, 01:53:01 AM
 #1066

I think that paper money have future, cause many people is intereted on using of paper money and goverment will support it. Digital money is so hard to integrate.
Paper money has already been use even before bitcoins or other digital currency, with that fact, people are already get used in using paper money as it is very simple which anybody can easy understand, lots of people are still not into computer world or computer savvy so they would prefer paper money. Digital money and paper money are both good.

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June 04, 2016, 07:43:32 AM
 #1067

I think that paper money have future, cause many people is intereted on using of paper money and goverment will support it. Digital money is so hard to integrate.

Technically, most money is in the form of plastic bills these days. Plastic is more durable.
Even Britain is looking to shift to plastic money.
https://www.inverse.com/article/16456-britain-will-start-using-plastic-money-in-september
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June 04, 2016, 08:16:50 AM
 #1068

I think that paper money have future, cause many people is intereted on using of paper money and goverment will support it. Digital money is so hard to integrate.

Paper money will always be needed in a government and society the future of it is always there just like bitcoin. But people will mostly rely to
paper money rather than bitcoin, it's up to the government if they will priority using paper money.



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June 04, 2016, 01:08:56 PM
 #1069

Paper money is really important, digital money is unstable and if something goes wrong people can lose it in one moment, at my opinion people should keep using it.

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June 05, 2016, 01:37:02 AM
 #1070

Paper money will exist and will always be. The reasons maybe: First, The government won't allow something to replace it, especially digital money since they can't control it unless they make one but i doubt people will support any digital money that government will make. Second, Most people will always prefer paper money.
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June 05, 2016, 02:57:15 AM
 #1071

Paper money will exist and will always be. The reasons maybe: First, The government won't allow something to replace it, especially digital money since they can't control it unless they make one but i doubt people will support any digital money that government will make. Second, Most people will always prefer paper money.
Indeed, because government are corrupt, they want to use the conventional ways to use paper money as it is not hard to trace especially on cash to cash transaction where audit trail cannot be possible, in that way they can hide their shady transactions.

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pocarime32
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June 05, 2016, 05:41:45 AM
 #1072

I think the paper money will still used even the digital money coming, because paper money already here before we born and in some old village, they more easier to use paper money.
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June 06, 2016, 06:22:32 AM
 #1073

I think the paper money will still used even the digital money coming, because paper money already here before we born and in some old village, they more easier to use paper money.

Exactly. Some rural areas doesn't have an access to the web even they want to. Typographical locations affect too.

If that is the case, then bitcoin is useless even you owned really great numbers of it.
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June 06, 2016, 08:21:31 AM
 #1074

I think the paper money will still used even the digital money coming, because paper money already here before we born and in some old village, they more easier to use paper money.

Totally agree. Those villages that cannot be reached by technology are the hardest part to be included in this good new currency. But that doesnt say that bitcoin will not have a purpose to them that lives there. Example is one relative that wants to send money through the banks that are available in that rural villages. Faster and easier.


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HilbillyFred
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June 06, 2016, 03:34:24 PM
 #1075

Paper money will have not that bad future and that is because there are still a lot of people that is using paper money for their payment method and that is nice.
You think that it will disappear soon because Bitcoin is getting more popular but that is not true.
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June 07, 2016, 03:59:44 AM
 #1076

Paper money will have not that bad future and that is because there are still a lot of people that is using paper money for their payment method and that is nice.
You think that it will disappear soon because Bitcoin is getting more popular but that is not true.
It's true, it is too early to tell that bitcoins will really dominate in the future. Paper money will still remain in terms value in the future, it can be use by any person with ease so they would prefer to use it. Only of the middle to upper class are capable of using bitcoins but the poor level will stick to using paper money.

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June 09, 2016, 02:44:44 PM
 #1077

Paper money is going to disappear in the future and I believe that everything will become digital. The real question is when it is going to happen I think that we are still going to have paper money around for at least another 25 years.
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June 09, 2016, 04:40:47 PM
 #1078

Are you really sure about the Swedish people? Do you have any proof of your statement or a link to the source? Because I have recently read an article that stated that the paper money will be gone in Sweden because more and more people are tired of paying with paper money.

The future of the paper money is not so good this year but its logical if you ask me because of the fact that everything is going to the digital side.

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June 09, 2016, 05:09:16 PM
 #1079

Paper money is going to disappear in the future and I believe that everything will become digital. The real question is when it is going to happen I think that we are still going to have paper money around for at least another 25 years.
I guess that will not happen, as long as the paper still in production, I think paper money will continue to be used. and I think paper money is a tool that is simple transaction, and I also think that bitcoin support the development of paper money

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June 09, 2016, 06:23:51 PM
 #1080

This thread should be called the demise of paper money.
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