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Multipulty
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November 10, 2016, 12:46:58 PM |
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The future of the bitcoin is good but not so good that paper money will disappear a bit but not fully in my eyes.
Maybe in the future this will happen, everything will be digital.
nope I do not agree, although in the future will all be very sophisticated but I think that cash will always be there, people will definitely need the cash no matter what happens People may always need paper money but that point is how much they will be using for their routine life. Almost nobody is using paper money in my office as we are having other facility to pay all of our needs. Yes, we can able to buy food with electronic money and we are able to pay the taxi driver with some in build their service specific electronic money. Paper money is just for the people who are yet to adopt electronic gadgets. I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do. Exactly, at this stage we don't have any other choice but to use paper money as the usage of bitcoins is very limited at a moment specially in physical world as there are not many places where we can spend our bitcoins and for that we need to convert them to fiat first and the same thing will be followed in future too. |
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mirakal
Legendary
 Offline
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
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November 10, 2016, 02:19:26 PM |
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The future of the bitcoin is good but not so good that paper money will disappear a bit but not fully in my eyes.
Maybe in the future this will happen, everything will be digital.
nope I do not agree, although in the future will all be very sophisticated but I think that cash will always be there, people will definitely need the cash no matter what happens People may always need paper money but that point is how much they will be using for their routine life. Almost nobody is using paper money in my office as we are having other facility to pay all of our needs. Yes, we can able to buy food with electronic money and we are able to pay the taxi driver with some in build their service specific electronic money. Paper money is just for the people who are yet to adopt electronic gadgets. I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do. Exactly, at this stage we don't have any other choice but to use paper money as the usage of bitcoins is very limited at a moment specially in physical world as there are not many places where we can spend our bitcoins and for that we need to convert them to fiat first and the same thing will be followed in future too. What we need to do now is to make use of the two, paper money is more dominant but it's only a currency and it will not increase its value in the future but will depreciate due to inflation. Bitcoin increases its value in the future so we have to invest with bitcoin but still use paper money to spend. |
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bitdumper
Sr. Member
Offline
Activity: 266
Merit: 250
One world One currency, Bitcoin.
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November 10, 2016, 03:46:57 PM |
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ofcourse bitcoin is the future of paper money. but letrally being vertual or digital is the main reason of development. if we can comfort our work with better and faster features then only we can make our lifestyle better its how we upgrade ourselfs
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to1ga
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November 10, 2016, 06:38:42 PM |
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The future of the bitcoin is good but not so good that paper money will disappear a bit but not fully in my eyes.
Maybe in the future this will happen, everything will be digital.
nope I do not agree, although in the future will all be very sophisticated but I think that cash will always be there, people will definitely need the cash no matter what happens People may always need paper money but that point is how much they will be using for their routine life. Almost nobody is using paper money in my office as we are having other facility to pay all of our needs. Yes, we can able to buy food with electronic money and we are able to pay the taxi driver with some in build their service specific electronic money. Paper money is just for the people who are yet to adopt electronic gadgets. I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do. Exactly, at this stage we don't have any other choice but to use paper money as the usage of bitcoins is very limited at a moment specially in physical world as there are not many places where we can spend our bitcoins and for that we need to convert them to fiat first and the same thing will be followed in future too. What we need to do now is to make use of the two, paper money is more dominant but it's only a currency and it will not increase its value in the future but will depreciate due to inflation. Bitcoin increases its value in the future so we have to invest with bitcoin but still use paper money to spend. Bitcoin is the only currency that can grow over a period of time which is not possible with paper money but due to the limited usage of bitcoins we will always need paper money to take care of our purchases and I don't think that bitcoins has that power to replace paper money in future. |
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Bitcoinsummoner
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November 10, 2016, 06:43:58 PM |
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The future of the bitcoin is good but not so good that paper money will disappear a bit but not fully in my eyes.
Maybe in the future this will happen, everything will be digital.
nope I do not agree, although in the future will all be very sophisticated but I think that cash will always be there, people will definitely need the cash no matter what happens People may always need paper money but that point is how much they will be using for their routine life. Almost nobody is using paper money in my office as we are having other facility to pay all of our needs. Yes, we can able to buy food with electronic money and we are able to pay the taxi driver with some in build their service specific electronic money. Paper money is just for the people who are yet to adopt electronic gadgets. I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do. Exactly, at this stage we don't have any other choice but to use paper money as the usage of bitcoins is very limited at a moment specially in physical world as there are not many places where we can spend our bitcoins and for that we need to convert them to fiat first and the same thing will be followed in future too. What we need to do now is to make use of the two, paper money is more dominant but it's only a currency and it will not increase its value in the future but will depreciate due to inflation. Bitcoin increases its value in the future so we have to invest with bitcoin but still use paper money to spend. Bitcoin is the only currency that can grow over a period of time which is not possible with paper money but due to the limited usage of bitcoins we will always need paper money to take care of our purchases and I don't think that bitcoins has that power to replace paper money in future. There is no reason that paper money can be replace by bitcoin since bitcoin is just alternative currency that we can use online . and it can be stay as alternative just like paypal or other currency online.. |
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Doamader
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November 10, 2016, 11:39:31 PM |
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Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.
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Mr. Big
Member
Global Moderator
Legendary
Offline
Activity: 2296
Merit: 1175
While my guitar gently weeps!!!
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November 11, 2016, 01:49:55 AM |
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Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.
Which means paper money's production will be decreased in time due to this digital transactions that are already happening now and soon maybe all the government transactions and transaction in banks will go all digital too... With that evolution, I think banks has more future plans for money, I think bitcoin is not really their first option...  |
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TravisNeko
Member
Offline
Activity: 85
Merit: 10
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November 11, 2016, 02:23:58 AM |
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The future of the bitcoin is good and this also applies for the digital currency's, paper money will soon or later disappear and everything will be bought and payed digitally.
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michkima
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November 11, 2016, 03:23:45 AM |
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I think the paper money is going to disappear for good because the digital currencies are the future, you also can see online payments are getting more standard and also in real life is easier.
I think it will never disappear for good, but the amount will lower for sure.
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LegendOF45
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November 11, 2016, 03:50:39 AM |
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The future of the bitcoin is good and this also applies for the digital currency's, paper money will soon or later disappear and everything will be bought and payed digitally.
I still doubt if paper money will soon disappear, I sure money paper still use in future, because peoples also need physical to real small transactions. |
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lionheart78
Legendary
Offline
Activity: 2884
Merit: 1152
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November 11, 2016, 04:02:13 AM |
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The future of the bitcoin is good and this also applies for the digital currency's, paper money will soon or later disappear and everything will be bought and payed digitally.
I still doubt if paper money will soon disappear, I sure money paper still use in future, because peoples also need physical to real small transactions. There is a possibility that paper money will be phase out in some countries but I doubt paper money will be wiped out in every corner of the world. Though the trend of a currency is going to be digital there are still this developing country that unable to support such system. Though I think there countries implementing such system and even planning to ban paper money to be used. |
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MTBTT
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November 11, 2016, 04:38:55 AM |
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Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.
I do not think that banks will remove the bills and turn them into digital currency. I'm sure the technology would have evolved but that does not mean they will remove paper money |
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freedomgo
Legendary
Offline
Activity: 3080
Merit: 1144
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November 11, 2016, 05:41:26 AM |
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Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.
I do not think that banks will remove the bills and turn them into digital currency. I'm sure the technology would have evolved but that does not mean they will remove paper money It's not possible, more than half of the population of the world still rely on paper money. Bitcoin is only for online transaction and not even regulated by the government, for sure the government would always want their interest to be followed and with paper money all people can be benefited. |
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icecube45
Legendary
Offline
Activity: 1218
Merit: 1000
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November 11, 2016, 09:43:50 AM |
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Usually who start to change the financial system are banks, and they are providing a lot services for phones, and looks like they are mooving into the digital era, soo in the future just some people will go to banks, i dont know how long it will take, but there will come the day that we have all tools at our phone, in fact we do have few already.
I do not think that banks will remove the bills and turn them into digital currency. I'm sure the technology would have evolved but that does not mean they will remove paper money I think the banks are not going to turn it into digital currency. Since the bank already has fitus e-banking that could easily pay the bills. Technology has developed the first bank in my opinion. And paper money will not be eliminated because it is still very necessary for the transaction directly. Transactions directly using paper money very quickly and effectively in my opinion, so that the paper money has been very perfect. |
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mace15
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November 11, 2016, 10:58:23 AM |
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Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
to all bitcoin users.
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mirakal
Legendary
Offline
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
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November 11, 2016, 11:28:14 AM |
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Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
to all bitcoin users.
In the future bitcoin is still here while paper money is also here, nothing will change as they are both partners for success. The fact must be accepted that we can never replace paper money with our very own bitcoin as we are just a small group in the crypto whose still under the watch of the government. |
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michkima
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November 11, 2016, 01:10:08 PM |
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Paper money is relevant in the future through bitcoin transaction.
I dont think paper money will be remove in the future as this is
being used already. However, lets admit thats its really helpful
to all bitcoin users.
Yes, paper money will still be relevant today and shortly. But looking into the future. Currently we are transitioning to digital and paperless systems. We are striving hard to remove paper and probably paper money will be next. Moving to a paperless future is the path we should take. |
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gufpmvgw3334
Member
Offline
Activity: 106
Merit: 10
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November 11, 2016, 01:30:52 PM |
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The world is going cashless and not only because bitcoin,but bitcoin will up the process!
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serjent05
Legendary
Offline
Activity: 2828
Merit: 1253
Cashback 15%
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November 11, 2016, 02:38:10 PM |
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The world is going cashless and not only because bitcoin,but bitcoin will up the process!
This might be possible but it will take sometime. There are lots of country that are not capable of doing the cashless society. Other simply does not like the idea because it prevent people from exercising its right to choose the form of currency they want to use. Bitcon may Not hasten the process of cashless society and maybe will conflict the process since cashless society is centralized and bitcoin is decentralized. Two opposing feature. |
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November 11, 2016, 02:45:37 PM |
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For me it will take a very long process but we don't know if it would really happen. But i see future that the time will come as years passing by maybe every decade because the progress of technology is approaching faster, almost everything is possible now so maybe again the paper money will be replace by a digital currency and what we have already now ATM, credit and debit cards.
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