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torrentheaven
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October 20, 2016, 04:55:08 PM |
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I think there would be no future for paper money . if there's an future then it always use as paper money and physical money to buy some things that we need to. in daily life and paper money will never disappear right as long as we are using bitcoin then there would be a paper money to use too.
We have been using paper money ever since, and we have the best experience so far over the other forms of payment. With paper money we can transact anywhere we want to and that makes it very simple, so people will not surrender paper money for bitcoin. Yeah even if bitcoin becomes huge in future there will be many people who will go with only paper money as they are used to it and the fact is there is no hassle in using it as it is accepted everywhere. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Doamader
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October 20, 2016, 05:43:46 PM |
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I think there would be no future for paper money . if there's an future then it always use as paper money and physical money to buy some things that we need to. in daily life and paper money will never disappear right as long as we are using bitcoin then there would be a paper money to use too.
We have been using paper money ever since, and we have the best experience so far over the other forms of payment. With paper money we can transact anywhere we want to and that makes it very simple, so people will not surrender paper money for bitcoin. Yeah even if bitcoin becomes huge in future there will be many people who will go with only paper money as they are used to it and the fact is there is no hassle in using it as it is accepted everywhere. Well the world need improvements the weather is changing due to polluition, printed money its a waste of resorces and it should advance into digital moment we are living already, where we can do anything at home from computer and cellphone. |
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serjent05
Legendary
 Offline
Activity: 2828
Merit: 1253
Cashback 15%
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October 20, 2016, 05:58:25 PM |
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I think there would be no future for paper money . if there's an future then it always use as paper money and physical money to buy some things that we need to. in daily life and paper money will never disappear right as long as we are using bitcoin then there would be a paper money to use too.
We have been using paper money ever since, and we have the best experience so far over the other forms of payment. With paper money we can transact anywhere we want to and that makes it very simple, so people will not surrender paper money for bitcoin. Yeah even if bitcoin becomes huge in future there will be many people who will go with only paper money as they are used to it and the fact is there is no hassle in using it as it is accepted everywhere. Well the world need improvements the weather is changing due to polluition, printed money its a waste of resorces and it should advance into digital moment we are living already, where we can do anything at home from computer and cellphone. Paper money can be plastic money LOL, I think making money is not tree consuming as before. Government had already learned to recycle used material and recreate it the same like before. Beside, there is another approach to that, there is specific trees that can be use as papers so creating paper money does not necessary mean they are cutting all the trees in the world LOL. Anyway I agree that the money system need to evolve. |
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bitdumper
Sr. Member
Offline
Activity: 266
Merit: 250
One world One currency, Bitcoin.
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October 20, 2016, 06:07:27 PM |
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i agree with the statement too that money system needs a lot of development but we are the one who is giving papers there real value as money and if we continieu this with bitcoin then we will reach the future faster but if we do it slowly then its gonna be little creapy anyway the money production is also depends on the growing population everyone is havong babies
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dasana212
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October 20, 2016, 06:35:27 PM |
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Paper money is always good. Bitcoin is of course getting more popular and used but that doesnt mean that paper money will disappear.
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Rmaqks
Newbie
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Activity: 29
Merit: 0
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October 20, 2016, 07:19:06 PM |
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Paper money is always good. Bitcoin is of course getting more popular and used but that doesnt mean that paper money will disappear.
That's right, paper money will long live. Electronic money will not replace the centralized currency. Many people use paper money, and it is convenient. Some people do not trust the electronic money and the more alternative currencies |
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The_Dark_Knight
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October 20, 2016, 07:53:40 PM |
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There is no doubt that in an effort to break your privacy even further some governments will do their best to try to ban cash in fact that is a battle that has been fought for decades in my country there are a lot of things you cannot buy with cash, like cars and expensive jewelry.
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kanazawa
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October 21, 2016, 02:01:15 AM |
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Honestly, I think it will be a step forward after the plastic card. Like in the beggining of 80' when the first ATM was opperating in big cities, they had the size of 2 telephone cabs (or more) and were very noisy. It took lot of years to people adapt to this equipment that they were afraid. The system was very "hard to believe". Lot of TV channels interviewed people and they said "I won't use this machine. How can I be sure that my money will be sent to another person in safety, and how could I trust to put a paper wallet inside this robot machine and they will store safety and when I want money I'll just pick up and booom!". It was funny. Now ATM's are so normal as a garbage can.
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BombayChicken
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October 21, 2016, 02:11:12 AM |
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The future of the paper money is not so good because the fact is that its gonna less more than back in the days.
Digital money is taking over the world... its all digital.
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Mr. Big
Member
Global Moderator
Legendary
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Activity: 2296
Merit: 1175
While my guitar gently weeps!!!
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October 21, 2016, 03:31:55 AM |
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The future of the paper money is not so good because the fact is that its gonna less more than back in the days.
Digital money is taking over the world... its all digital.
Government know that, and making moves to make it prosper, as long as computer and technology doesn't saturate the earth yet, it will always be there... Perhaps countries would just go digital if every corner of its street has internet and computer...  |
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freedomgo
Legendary
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Activity: 3080
Merit: 1144
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October 21, 2016, 05:10:36 AM |
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The future of the paper money is not so good because the fact is that its gonna less more than back in the days.
Digital money is taking over the world... its all digital.
Government know that, and making moves to make it prosper, as long as computer and technology doesn't saturate the earth yet, it will always be there... Perhaps countries would just go digital if every corner of its street has internet and computer... Digital money is the future but it does not mean that paper money will be lost in circulation, people will be more smarter but it cannot surpass the total users of paper money and even smart people who are users of bitcoin are also using paper money for their daily transactions. |
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Kava
Sr. Member
Offline
Activity: 448
Merit: 250
https://saturn.black
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October 21, 2016, 08:11:56 AM |
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A lot of poor stranine ready to move to the digital currency. The level of development is very low. They prefer lengi stored in paper form.
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rizkyhiw
Legendary
Offline
Activity: 1484
Merit: 1004
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October 21, 2016, 08:25:52 AM |
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The future of the paper money is not so good because the fact is that its gonna less more than back in the days.
Digital money is taking over the world... its all digital.
indeed everything is digitizing nowadays start from books, images, documents etc and now is money turn , bitcoin come as the first cryptocurrency digital money but can you imagine if there is a paper money of bitcoin like this  |
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Doms
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October 21, 2016, 08:27:31 AM |
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Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
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clickerz
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October 21, 2016, 08:33:54 AM |
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governments simply aren't interested in incorporating bitcoin. they can't deal with the fact that it is something they can't control. paper money will stay at least for another 10-20 years.
Maybe 20 years or more,our fiat currency will stay.Several government as of now are trying to regulate bitcoin to curb fraud and some illegal activities but it also means to control the said cryptocurrency.As of now transaction will undergone several confirmations at its quite slow in real time payments. |
Open for Campaigns
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MTBTT
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October 21, 2016, 09:02:58 AM |
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I think the future of the bill is still not clear, see a lot of people who use digital currency instead of using paper money
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RealMalatesta
Legendary
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Activity: 2338
Merit: 1124
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October 21, 2016, 11:13:52 AM |
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I don't see any risk in the future of paper money and it will always survive even in future as Government will never allow any digital currency to get on the mainstream as it can be an threat to their financial system.
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amacar2
Legendary
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Activity: 1120
Merit: 1007
CryptoTalk.Org - Get Paid for every Post!
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October 21, 2016, 11:19:06 AM |
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Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
Yes and actually paying with paper money may involve risk of carrying lots of money but it also give some privacy than doing banking transactions so still some people prefer to get paid in paper money like students who like to get paid in hard cash for their extra time in work so that they can work more than their working hour limitation. So paper money may remain in demand even after decades from now on. |
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Zooplus
Legendary
Offline
Activity: 1106
Merit: 1000
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October 21, 2016, 11:36:58 AM |
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Although we are entering an age where everything has its digital version, I don't see the paper money being obsolete. It is still nice to have physical forms of money. The increasing transaction counts using digital money and online payment has reduced the need to bring cash but there are still things that are better off being paid by paper money.
Yes and actually paying with paper money may involve risk of carrying lots of money but it also give some privacy than doing banking transactions so still some people prefer to get paid in paper money like students who like to get paid in hard cash for their extra time in work so that they can work more than their working hour limitation. So paper money may remain in demand even after decades from now on. That's right, with paper money anyone can use it even kids. It does not need to have an internet or electricity to be able for you to use it and that makes paper money a more valuable for the majority than bitcoin where only few sectors are just being serve. |
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hawkins
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October 21, 2016, 12:23:11 PM |
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I don't see any risk in the future of paper money and it will always survive even in future as Government will never allow any digital currency to get on the mainstream as it can be an threat to their financial system.
I actually saw that paper money is the best tool to use the transaction at this time. Well, everyone has been accustomed to using paper money, even from your credit card can be used at several stores, I think people still use paper money as their primary currency. Well, anyway, I think the current digital money will only be used as an alternative |
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