The future of the paper money

[ekoice]

Paper money willnot be replaced. It will last for years. Even if the government adopts digital currencies instead of paper money, still it will have the control over the digital currency and decentralisation willnot be possible.But issuing paper money will get reduced to a great extent

[1713497723]

1713497723

[1713497723]

1713497723

[1713497723]

1713497723

[MaritiJames3]

Paper money is going to keep existing for a while because I still think that it is to soon for us to make every payment digital. Also, the government would then have so much control.
They can see everything that we buy which is part of our privacy in my opinion.

[saiha]

Interesting thoughts, I think over  time the paper money will  become obsolete. The convenience of  electronic payment systems brings  great market opportunities ahead..

I believe that is going to happen for the next generations. Because it all started with paypal, people can buy things all over the net without using cash.

And since we are already in the technology days, I do believe that there is going to be a cashless society in the future.

But I don't know when it is going to happen that paper money is going to become totally lose.

What you are talking is just a payment processor and it was not considered as legal tender, if we will not fund it with fiat that is worthless.

I agree paypal is still depending on fiat because you aren't going to have balance to your paypal if you are not going to use fiat money.

I guess the same thing in bitcoin that is going to be a total digital currency and does also need to have fiat if you are going to buy bitcoins.

But in the long run that is going to make paper money because of these innovations.

[GermanFoobla]

What will the future bring for the paper money i dont think there are allot of people think that the paper money will me replaced by bitcoins and that is what everybody needs to know bitcoins are big  but not such big.

[mirakal]

Paper money will be destroyed. Bitcoin will win.

Not gonna happen ever, paper money are more stable and the government would not allow that, paper money can be use in any transaction and it is the simplest method to use while bitcoin although it has benefits but only for the people who love to transact online and we know more people do offline transaction than online.

[goinmerry]

What will the future bring for the paper money i dont think there are allot of people think that the paper money will me replaced by bitcoins and that is what everybody needs to know bitcoins are big  but not such big.

Correct. We bitcoin users are only the one thinking this currency can replace fiat and that is just a little percentage of the people in the world. That wont make a lot of impact now. Bitcoin is young and we still need to grow in numbers. That two being added will change it somehow in the future.

[Newcoins2020]

Paper money is too old and doesn't fit with the time anymore. It's not practical at all and makes us vulnerable for eachother.
Digital money is more secure and more advanced, this is why I believe A cryptocurrency will be the next global main currency. Doesn't have to be bitcoin it will be digital.

[eminem90]

Paper money will be banned entirely?

it is possible that cryptocurrency replace paper money . I think. it is the matter of time

[chaser15]

Paper money is too old and doesn't fit with the time anymore. It's not practical at all and makes us vulnerable for eachother.
Digital money is more secure and more advanced, this is why I believe A cryptocurrency will be the next global main currency. Doesn't have to be bitcoin it will be digital.

You just said it, too old but if you look outside the box, it's still dominating the world of money currency.

It means fiat are tested for long term usage. Look at how old it is and still strong up to today.

[X-ray]

What will the future bring for the papermoney i dont think it would change allot because everyone needs paper money it cant be gone because bitcoin is not everything im sorry to say that over here.

if the technologies force us to use any digital goods and paper money will be no more used in most of country due to its disadvantages that could easily destroyed or even can be faked then the papermoney will be sure come to extinction,just in case if this is going to be happening

[bamboylee]

Paper money is too old and doesn't fit with the time anymore. It's not practical at all and makes us vulnerable for eachother.
Digital money is more secure and more advanced, this is why I believe A cryptocurrency will be the next global main currency. Doesn't have to be bitcoin it will be digital.

You just said it, too old but if you look outside the box, it's still dominating the world of money currency.

It means fiat are tested for long term usage. Look at how old it is and still strong up to today.

It is not because it is old. Fiat will collapse because the government that is backing it keeps on printing money. Soon it will run out of value because there are way too many printed money.

[nova-rider]

Interesting thoughts, I believe  that over time the paper money will  become obsolete. The convenience of  electronic payment systems brings great market  opportunities ahead.

[Daneric]

Interesting thoughts, I believe  that over time the paper money will  become obsolete. The convenience of  electronic payment systems brings great market  opportunities ahead.

It is a pity that paper moneyight become obsolete with time buy it has its own conciniency. Electronic currencies depend on technology which can fail at one time. Imagine a situation where there is total lack of internet even for just 5 minutes. I bet trillions will be lost over the world.

[airezx20]

Paper money is going to keep existing for a while because I still think that it is to soon for us to make every payment digital. Also, the government would then have so much control.
They can see everything that we buy which is part of our privacy in my opinion.

Yes paper money will keep existing not only for a while but i think forever atleast until i am alive i dont see paper money going any where.
Yes bitcoins and other crypto-currencies may become very popular in the years to come.But it will not affect paper money that much,and future of paper money is fine.

[deisik]

Interesting thoughts, I believe  that over time the paper money will  become obsolete. The convenience of  electronic payment systems brings great market  opportunities ahead.

It is a pity that paper moneyight become obsolete with time buy it has its own conciniency. Electronic currencies depend on technology which can fail at one time. Imagine a situation where there is total lack of internet even for just 5 minutes. I bet trillions will be lost over the world.

What do you mean by trillions lost? No money will be lost even if there is a total blackout, not just some internet connection severed. A few monies may not get earned, indeed, but certainly not in the range of trillions unless there is no more electricity for good (just like in the Revolution movie series). Beside that, digital currencies started off decades before Internet...

The technology behind electronic funds transfer (wire transfer) had been developed in the late 1950s - early 1960s

[Positid]

Interesting thoughts, I believe  that over time the paper money will  become obsolete. The convenience of  electronic payment systems brings great market  opportunities ahead.

It is a pity that paper moneyight become obsolete with time buy it has its own conciniency. Electronic currencies depend on technology which can fail at one time. Imagine a situation where there is total lack of internet even for just 5 minutes. I bet trillions will be lost over the world.

What do you mean by trillions lost? No money will be lost even if there is a total blackout, not just some internet connection severed. A few monies may not get earned, indeed, but certainly not in the range of trillions unless there is no more electricity for good (just like in the Revolution movie series). Beside that, digital currencies started off decades before Internet...

The technology behind electronic funds transfer (wire transfer) had been developed in the late 1950s - early 1960s

Glad to know that, you really are very knowledgeable sir, I find new lessons on some of the comments you've shared. I am just a young person but I am already very confident with my belief that bitcoin will be successful in the future while paper money will still remain.

[mindrust]

Recent news show that It is out of control at the moment.

FED raises or decreases rates, BOJ goes with the new way, ECB does anything they like... Non of those can change nothing. Nobody gives a shit anymore. They want people to spend their money but no matter what central banks do, people see it as an opportunity to save more money.

It is over.

Gold and Bitcoin are the only real currencies right now. Rest are useless shits.

[xIIImaL]

Recent news show that It is out of control at the moment.

FED raises or decreases rates, BOJ goes with the new way, ECB does anything they like... Non of those can change nothing. Nobody gives a shit anymore. They want people to spend their money but no matter what central banks do, people see it as an opportunity to save more money.

It is over.

Gold and Bitcoin are the only real currencies right now. Rest are useless shits.

I would choose bitcoin which has potential for the future. It would be best pick of the world in 2020. We are expecting more adoption among us like purse.io, Sony and Amazon.

[deisik]

Recent news show that It is out of control at the moment.

FED raises or decreases rates, BOJ goes with the new way, ECB does anything they like... Non of those can change nothing. Nobody gives a shit anymore. They want people to spend their money but no matter what central banks do, people see it as an opportunity to save more money.

It is over.

Gold and Bitcoin are the only real currencies right now. Rest are useless shits.

If so, why Bitcoin userbase doesn't expand explosively, and Bitcoin itself doesn't cost thousands of dollars per coin? Neither does gold, by the way (only slightly above $1,300 and been there for months). On the other hand, you can still buy a lot of things with dollars, and things seem to be where they have been at least for half a century. Why don't we hear it in the news (or in the talks) that merchants are massively refusing to accept dollars (or whatever currency they usually price their goods in)...

In short, no amount of dreaming can change the harsh reality

[mindrust]

Recent news show that It is out of control at the moment.

FED raises or decreases rates, BOJ goes with the new way, ECB does anything they like... Non of those can change nothing. Nobody gives a shit anymore. They want people to spend their money but no matter what central banks do, people see it as an opportunity to save more money.

It is over.

Gold and Bitcoin are the only real currencies right now. Rest are useless shits.

If so, why Bitcoin userbase doesn't expand explosively, and Bitcoin itself doesn't cost thousands of dollars per coin? Neither does gold, by the way (only slightly above $1,300 and been there for months). On the other hand, you can still buy a lot of things with dollars, and things seem to be where they have been at least for half a century. Why don't we hear it in the news (or in the talks) that merchants are massively refusing to accept dollars (or whatever currency they usually price their goods in)...

In short, no amount of dreaming can change the harsh reality

Cash is cash.

Gold is Gold just like, Bitcoin is bitcoin.

In July/20/2014 Btc was 85$. Now it is 600$.

Gold was 600$ in Oct/01/2006. Now it is 1330$

In 2006 100$ was 100$. In 2016, 100$ from 2006 is 135$ of 2016. (I assume you got a %3 yearly interest rate)

No matter how cheap gold will become, there is no need to panic. On the contrary, it is an opportunity to buy more. You can't create or print gold but you can print infinite cash.

Gold has so many in common with bitcoin. You just can't create them because the supply is limited. If you want them, you have to mine them. (or buy them)

If you are going to hold your money at least 5 years. You don't wanna keep them in the banks. This is one thing i am sure of.

You only need cash when you are going to buy something. That's why i hold cash if i plan to buy something in 2-4 years.