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Author Topic: The future of the paper money  (Read 415014 times)
PokerFace3
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July 07, 2016, 07:47:53 AM

If bitcoin gains physical form then it can give tough competition to paper money in future as people have more faith in something that they can hold physically.

That is impossible that bitcoin is going to be on a physical form, then it is going to be fiat at all. No bitcoin is going to be digital at all.
That's the characteristic of bitcoin, is by a digital form.
I hope people will going to adopt bitcoin also but still the future of paper money is going to be the same at all.
It should be digital because it is bitcoin that is known for and because it is digital it would be easy and faster to use it in transaction online, we should not dream for that to happen as it is impossible for that to occur.
yeah, Bitcoins are digital currency. The main characteristics of bitcoins is that it's a virtual currency which exists in cyberspace other dimension. And for the paper money I guess it will also be in use but not that often. Paper money still needs to be used in remote areas where there is no technological advancements.
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July 07, 2016, 07:50:57 AM

If bitcoin gains physical form then it can give tough competition to paper money in future as people have more faith in something that they can hold physically.

That is impossible that bitcoin is going to be on a physical form, then it is going to be fiat at all. No bitcoin is going to be digital at all.
That's the characteristic of bitcoin, is by a digital form.
I hope people will going to adopt bitcoin also but still the future of paper money is going to be the same at all.
It should be digital because it is bitcoin that is known for and because it is digital it would be easy and faster to use it in transaction online, we should not dream for that to happen as it is impossible for that to occur.
yeah, Bitcoins are digital currency. The main characteristics of bitcoins is that it's a virtual currency which exists in cyberspace other dimension. And for the paper money I guess it will also be in use but not that often. Paper money still needs to be used in remote areas where there is no technological advancements.
It is just good to witness both paper and digital currency in our community, that would give us the leverage to do any kind of transaction and would make our life easy than sacrificing the one to excel the other.

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July 07, 2016, 10:25:29 AM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

That is why paper money lived for many years because of it convenience to every people. If it had not worked for them maybe they will change it but it did so it will be hard to take that away.


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July 07, 2016, 01:10:00 PM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

That is why paper money lived for many years because of it convenience to every people. If it had not worked for them maybe they will change it but it did so it will be hard to take that away.
Although paper money may not disappear easily but arising some phenomena such as internet of objects can lead to make paper money a memory.

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July 07, 2016, 01:19:37 PM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

That is why paper money lived for many years because of it convenience to every people. If it had not worked for them maybe they will change it but it did so it will be hard to take that away.
Although paper money may not disappear easily but arising some phenomena such as internet of objects can lead to make paper money a memory.

People will prefer to use bitcoin more in future as we will also find many physical shops where we can spend our coins directly, but I think the presence of paper money will always be felt.
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July 07, 2016, 01:22:00 PM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

That is why paper money lived for many years because of it convenience to every people. If it had not worked for them maybe they will change it but it did so it will be hard to take that away.
If you're going to observe, bitcoin is easy to use to in the future because we will expect a higher technology that is being develop on that time, so if you encounter slow time to confirm your transaction then expect it in the future to be fixed.
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July 07, 2016, 01:53:57 PM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

That is why paper money lived for many years because of it convenience to every people. If it had not worked for them maybe they will change it but it did so it will be hard to take that away.
If you're going to observe, bitcoin is easy to use to in the future because we will expect a higher technology that is being develop on that time, so if you encounter slow time to confirm your transaction then expect it in the future to be fixed.
Yes and as I said by arising and growth of technologies such as internet of objects we see decline of paper money.

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July 09, 2016, 03:07:51 PM

I think we cannot expect that bitcoin will kill or erase paper money.
We will have them for a long time still,maybe they will get erased but in many many years,and im sure that bitcoin won't do the job.

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July 09, 2016, 05:29:47 PM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

That is why paper money lived for many years because of it convenience to every people. If it had not worked for them maybe they will change it but it did so it will be hard to take that away.
If you're going to observe, bitcoin is easy to use to in the future because we will expect a higher technology that is being develop on that time, so if you encounter slow time to confirm your transaction then expect it in the future to be fixed.
Yes and as I said by arising and growth of technologies such as internet of objects we see decline of paper money.
decline to oblivion, i only see paper money extinct / obsolete.  so there will be time when technology will dictate that paper money is only a waste of material and hazardous to mother earth lol.  who would use money when digital cards is everywhere?  when even government stopped the producton of it?  what i can see is, if rural areas fail to adjust, a barter will be reestablish.

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Mr.grin
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July 09, 2016, 05:45:19 PM

I think we cannot expect that bitcoin will kill or erase paper money.
We will have them for a long time still,maybe they will get erased but in many many years,and im sure that bitcoin won't do the job.
Yes you're right. I also do not think that bitcoin will replace paper money. I feel that the paper money is a means of transaction that is suitable for the present and for the future. because it is very easy to be traded and create the risk of error when the transaction becomes small. I think bitcoin will only shine in transactions on the Internet

yugo23
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July 09, 2016, 08:50:21 PM

I'd say paper money is indeed endangered but not by btc.

Banks don't like to see people with real money, they prefer us to use credit card, that's why paper money will disappear!
MTBTT
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July 09, 2016, 11:47:00 PM

I think we cannot expect that bitcoin will kill or erase paper money.
We will have them for a long time still,maybe they will get erased but in many many years,and im sure that bitcoin won't do the job.
Lol I myself do not think that bitcoin will replace fiat paper money especially? I'm sure fiat would be removed,
but I'm not sure if that replaces paper money is bitcoin


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YTBitcoin
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July 10, 2016, 12:38:37 AM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

You are right paper money will not disappear with the establishment of bitcoin as paper money has its own good value and people like to use it for the purchases in their local markets.
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July 10, 2016, 01:58:36 AM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

You are right paper money will not disappear with the establishment of bitcoin as paper money has its own good value and people like to use it for the purchases in their local markets.

Local markets. You got it right. Its hard to use bitcoin there specially in the wet market. Many countries still have this. Even China still have one and those street foods. Paying up with cash is still faster.


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newcoins1978
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July 10, 2016, 02:55:00 AM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

You are right paper money will not disappear with the establishment of bitcoin as paper money has its own good value and people like to use it for the purchases in their local markets.

Local markets. You got it right. Its hard to use bitcoin there specially in the wet market. Many countries still have this. Even China still have one and those street foods. Paying up with cash is still faster.

Indeed in these parts they do not mostly even have a phone or something so that is gonna be difficult.
I always think that the paper money will exist because of this and people also like it, they like to see the money, on a digital form its just a number.
hermanhs09
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July 10, 2016, 02:57:09 AM

I think the usage of paper money was decreasing in the future, many people now are using credit cards, debit cards etc., using electronics currency, and now we facing to the world of bitcoin as an  e- currency , you can buy a things using bitcoin and may be in the near future you can buy anything using bitcoin only.Of course, rarely do any of us walk into Starbucks with a $5 bill anymore. We walk in with a credit card, or a Starbucks gift card, or with an Apple Pay app on our iPhone. And thats another way money has changed.

Decreasing is the right word but not totally erased. There are many things that cannot be done by electronics. What if everything is down, an electricity outage then what are we going to do to buy our stuff or our needs. That is why it is still needed.

Yeah the usage of bitcoin will increase in future but it doesn't indicates that paper money will simply disappear in future, paper money is easy to use anywhere to buy anything.

You are right paper money will not disappear with the establishment of bitcoin as paper money has its own good value and people like to use it for the purchases in their local markets.
We had silver and gold coins,for most of our human's history.
Now we have paper money.
What will be next? i think we will still pay with paper money,for many many years.

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July 10, 2016, 06:52:12 AM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
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July 10, 2016, 12:39:23 PM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

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hermanhs09
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July 10, 2016, 08:14:45 PM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.
yeah it is possible that we will get some digital currency or e-money,but believe me,it wont be a bitcoin.
Humanity is not ready yet for such a change,and bitcoin is too young for it.We will have something else.

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July 12, 2016, 10:29:29 PM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.
In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.
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