The future of the paper money

[gabmen]

Its really impossible  for  paper money would  be  gone   because its being replaced  by another crypto currency which is really impossible  though. As you mentioned    government  can  produce anytime fiat  money  if  the  demand  arises because  of population  inflation.. The future  of  paper  money  is  still strong and  no  one  could able to replace  it anytime soon.

The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two.

Actually we can also produce paper money of bitcoin, but the big question is would it be illegal or not? Of course it is illegal because the government only produce a legal tender to be use a currency of the people, and even it is unregulated, it is hard to attract the trust of the people.

Well i don't think  that is possible though. Bitcoin will most likely stay as crypto and if ever it will be accepted i think it would be more like a credit card use. Considering the challenges bitcoin would be facing, it's likely that the future would still belong to fiat

[mirakal]

Its really impossible  for  paper money would  be  gone   because its being replaced  by another crypto currency which is really impossible  though. As you mentioned    government  can  produce anytime fiat  money  if  the  demand  arises because  of population  inflation.. The future  of  paper  money  is  still strong and  no  one  could able to replace  it anytime soon.

The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two.

Actually we can also produce paper money of bitcoin, but the big question is would it be illegal or not? Of course it is illegal because the government only produce a legal tender to be use a currency of the people, and even it is unregulated, it is hard to attract the trust of the people.

Well i don't think  that is possible though. Bitcoin will most likely stay as crypto and if ever it will be accepted i think it would be more like a credit card use. Considering the challenges bitcoin would be facing, it's likely that the future would still belong to fiat

We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.

[serjent05]

We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.

Well isn't the cryptoworld created by the people in the real world?  Supposedly there is no difference because of the  links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world.  Well we can't blame them, they want it all controlled and bitcoin is hard to control.

[Aamir1]

We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.

Well isn't the cryptoworld created by the people in the real world?  Supposedly there is no difference because of the  links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world.  Well we can't blame them, they want it all controlled and bitcoin is hard to control.

Exactly, and if they can't control it they would probably not let it replace paper money because paper money is in their control and they never want to lose that control, so even if bitcoin replaces paper money but it is controlled by the authorities somehow then there would be no difference between them.

[Fatanut]

We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.

Well isn't the cryptoworld created by the people in the real world?  Supposedly there is no difference because of the  links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world.  Well we can't blame them, they want it all controlled and bitcoin is hard to control.

Never heard that the government is controlling bitcoins. It's 100% decentralized so how are they doing it? I don't think this is true at all. If you talk to your friend about bitcoins, will the government go to your house and arrest you? No. You're free in this world. You can do whatever you want in bitcoins. You can advertise and promote it as long as you want. The government isn't holding you back. They don't have a law against bitcoin.

[TastyChillySauce00]

Its really impossible  for  paper money would  be  gone   because its being replaced  by another crypto currency which is really impossible  though. As you mentioned    government  can  produce anytime fiat  money  if  the  demand  arises because  of population  inflation.. The future  of  paper  money  is  still strong and  no  one  could able to replace  it anytime soon.

The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two.

Actually we can also produce paper money of bitcoin, but the big question is would it be illegal or not? Of course it is illegal because the government only produce a legal tender to be use a currency of the people, and even it is unregulated, it is hard to attract the trust of the people.

producing paper money of bitcoin will definitely make bitcoin lose its point to be a digital currency and to simplify people's need of transferring money with really low fees and decentralized system which make people could actually getting out of bank

[deisik]

We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.

Well isn't the cryptoworld created by the people in the real world?  Supposedly there is no difference because of the  links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world.  Well we can't blame them, they want it all controlled and bitcoin is hard to control.

Never heard that the government is controlling bitcoins. It's 100% decentralized so how are they doing it? I don't think this is true at all. If you talk to your friend about bitcoins, will the government go to your house and arrest you? No. You're free in this world. You can do whatever you want in bitcoins. You can advertise and promote it as long as you want. The government isn't holding you back. They don't have a law against bitcoin.

They don't need to control Bitcoin directly. Given that 90% (or even more than that) of all miners reside in China, and miners are the ones who come the closest to whoever might gain control over Bitcoin, the Chinese government has all the necessary tools to control miners, and through them control Bitcoin. Obviously, they can't do it openly since that would cast a shadow on Bitcoin itself while killing it (or trying to kill) would mean losing any control over it altogether. Besides, the level of control they might exert is rather limited per se due to the robust nature of Bitcoin. Moreover, they most likely don't want to control Bitcoin in the way the majority of Bitcoin users think they would...

But this doesn't in the least mean that they don't have an agenda

[iamTom123]

I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I understand what you mean by that. Well, as for me, I also love the usual paper money however I am also with Bitcoin as it is providing a viable alternative away from the control of central banking system. No, I don't believe that paper money will be out of existence in the near future. Bitcoin and other cryptocurrencies will co-exist with paper money for sure. And there is no need to choose one over the other, in my humble opinion.

[MTBTT]

Its really impossible  for  paper money would  be  gone   because its being replaced  by another crypto currency which is really impossible  though. As you mentioned    government  can  produce anytime fiat  money  if  the  demand  arises because  of population  inflation.. The future  of  paper  money  is  still strong and  no  one  could able to replace  it anytime soon.

The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two.

Actually we can also produce paper money of bitcoin, but the big question is would it be illegal or not? Of course it is illegal because the government only produce a legal tender to be use a currency of the people, and even it is unregulated, it is hard to attract the trust of the people.

producing paper money of bitcoin will definitely make bitcoin lose its point to be a digital currency and to simplify people's need of transferring money with really low fees and decentralized system which make people could actually getting out of bank

Lol then what is called the technology of the future if bitcoin producing the paper version? I think at this point it would be better if bitcoin digital form. because it would be much better?

[tunctioncloud]

Paper money won't be useless soon, considering the new Euro and Dollar bills that are or will be printed now and soon.

[equator]

Its really impossible  for  paper money would  be  gone   because its being replaced  by another crypto currency which is really impossible  though. As you mentioned    government  can  produce anytime fiat  money  if  the  demand  arises because  of population  inflation.. The future  of  paper  money  is  still strong and  no  one  could able to replace  it anytime soon.

The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two.

Actually we can also produce paper money of bitcoin, but the big question is would it be illegal or not? Of course it is illegal because the government only produce a legal tender to be use a currency of the people, and even it is unregulated, it is hard to attract the trust of the people.

producing paper money of bitcoin will definitely make bitcoin lose its point to be a digital currency and to simplify people's need of transferring money with really low fees and decentralized system which make people could actually getting out of bank

Lol then what is called the technology of the future if bitcoin producing the paper version? I think at this point it would be better if bitcoin digital form. because it would be much better?

I think that paper money and bitcoin are both different because bitcoin is mostly considered as investment like gold and silver but paper money is used in daily life for doing all expenses to live. But when bitcoin will come to main stream like paper money uses we can use bitcoin then their wont be paper money.

[Bitcoinsummoner]

The future of paper money will be the same as present there is nothing will be change. bitcoin is just alternative online and i think it is impossible that we can have a paper money for bitcoin maybe coins like casassius coins..

[Mr.grin]

I think paper money would still be used in the future. given the paper money has a way of making easy and use is practical, it makes it a very good transaction tool to use now, even since the first. I just think that tools other transactions will be used as an alternative, so paper money may not be replaced, and always in the update

[Doamader]

Paper money will keep be used while we moove into the digital era, the world is already very connected, but moove from printed to digital will mean a lot of improvements into the actual system and poor countries will need big investment.

[jaysabi]

We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.

Well isn't the cryptoworld created by the people in the real world?  Supposedly there is no difference because of the  links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world.  Well we can't blame them, they want it all controlled and bitcoin is hard to control.

Never heard that the government is controlling bitcoins. It's 100% decentralized so how are they doing it? I don't think this is true at all. If you talk to your friend about bitcoins, will the government go to your house and arrest you? No. You're free in this world. You can do whatever you want in bitcoins. You can advertise and promote it as long as you want. The government isn't holding you back. They don't have a law against bitcoin.

They don't need to control Bitcoin directly. Given that 90% (or even more than that) of all miners reside in China, and miners are the ones who come the closest to whoever might gain control over Bitcoin, the Chinese government has all the necessary tools to control miners, and through them control Bitcoin. Obviously, they can't do it openly since that would cast a shadow on Bitcoin itself while killing it (or trying to kill) would mean losing any control over it altogether. Besides, the level of control they might exert is rather limited per se due to the robust nature of Bitcoin. Moreover, they most likely don't want to control Bitcoin in the way the majority of Bitcoin users think they would...

But this doesn't in the least mean that they don't have an agenda

Assuming China could control miners (not saying I buy that possibility), is there a way to prevent mining in a specific area? Could the Bitcoin board block Chinese mining traffic to restore integrity to the system? (Is that technically possible?) Or because it's decentralized, they have no way to restrict who can mine?

[danherbias07]

We are living in different world and crypto world is a different world and we cannot merge the real world and the crypto world. Try to think of it, in the real world we have the government which make it centralized but in crypto no government at all and we have all the freedom to do with our bitcoin.

Well isn't the cryptoworld created by the people in the real world?  Supposedly there is no difference because of the  links between the cryptoworld and real world but the government made it hard for bitcoin to be totally used and show bitcoin potential in the real world.  Well we can't blame them, they want it all controlled and bitcoin is hard to control.

Never heard that the government is controlling bitcoins. It's 100% decentralized so how are they doing it? I don't think this is true at all. If you talk to your friend about bitcoins, will the government go to your house and arrest you? No. You're free in this world. You can do whatever you want in bitcoins. You can advertise and promote it as long as you want. The government isn't holding you back. They don't have a law against bitcoin.

They don't need to control Bitcoin directly. Given that 90% (or even more than that) of all miners reside in China, and miners are the ones who come the closest to whoever might gain control over Bitcoin, the Chinese government has all the necessary tools to control miners, and through them control Bitcoin. Obviously, they can't do it openly since that would cast a shadow on Bitcoin itself while killing it (or trying to kill) would mean losing any control over it altogether. Besides, the level of control they might exert is rather limited per se due to the robust nature of Bitcoin. Moreover, they most likely don't want to control Bitcoin in the way the majority of Bitcoin users think they would...

But this doesn't in the least mean that they don't have an agenda

Assuming China could control miners (not saying I buy that possibility), is there a way to prevent mining in a specific area? Could the Bitcoin board block Chinese mining traffic to restore integrity to the system? (Is that technically possible?) Or because it's decentralized, they have no way to restrict who can mine?

Those are hard questions my friend. Is there really a way to answer those? I think you would need someone with a good knowledge with the financial industry which is specializing in crypto currencies.

[bitdumper]

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

[Mastsetad]

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

Even if the people come to know about bitcoin which is way faster than paper money as a medium of payments but they would still be using paper money as they are in habit of it and it is not easy to stop doing something that has been with you for years.

[sourris01]

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

Even if the people come to know about bitcoin which is way faster than paper money as a medium of payments but they would still be using paper money as they are in habit of it and it is not easy to stop doing something that has been with you for years.

It's right. People are guided by habit and do not trust something new. They are afraid of losing their capital and left with nothing. Therefore, Fiat will long be used by people

[socks435]

the paper money are stiff lot more powerful than anything and people still prefer them as a quickest medium for payment maybe bitccoin has a good potentiality but still it is more portion hidden than the world. btc is being used almost completly on the onion sites which is really leaving a bad impression

Even if the people come to know about bitcoin which is way faster than paper money as a medium of payments but they would still be using paper money as they are in habit of it and it is not easy to stop doing something that has been with you for years.

It's right. People are guided by habit and do not trust something new. They are afraid of losing their capital and left with nothing. Therefore, Fiat will long be used by people

Also fiat is made from banks and control by government we can not change that because government is the only who can decide what fiat we can use in every country.