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Author Topic: The future of the paper money  (Read 416519 times)
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November 11, 2016, 03:18:38 PM
 #2241

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.

What you said is correct, even in bitcoin they are printing in paper for more security purpose so in this sense how paper money will removed, paper money is more secure. Ya but in future it will become like bitcoin paper money instead of fiat currency paper money
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November 11, 2016, 05:01:04 PM
 #2242

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.
It may but it will take a very long time as you've said. Perhaps not in our lifetime but in the future. Though now there are a lot of alternatives now for paper money, generally it still is the one most used for simple expenses and other necessities.

 
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November 12, 2016, 03:57:00 AM
 #2243

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.
It may but it will take a very long time as you've said. Perhaps not in our lifetime but in the future. Though now there are a lot of alternatives now for paper money, generally it still is the one most used for simple expenses and other necessities.
Bitcoin can have it's own paper money but the big question is, who will implement on the laws to be followed. Paper money is a legal tender enforce by the government to use for their people so it's more secure and more stable in the long term.

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November 12, 2016, 04:04:34 AM
 #2244

In my opnion we will use paper money in the future just for micro payments. Nowadays isn't hard to do it digitally via banks and with bitcoin it's even simpler.

However we need paper money for daily things/micro spends.
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November 12, 2016, 04:27:03 AM
 #2245

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.
yes that is a fact that most of the people of the world are using fiat currency as the number of bitcoin users is not too much, but we can hope that in future when the number of bitcoin users will increase then bitcoin  will become more and more popular and it will reduce the use of fiat currency as the new generation trend is already toward online shopping so it is more convenient for them to use crypto currency in stead of fiat currency.
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November 12, 2016, 04:32:10 AM
 #2246

The paper money has a very big features than bitcoin i can see that paper money is more important than bitcoin but for those who really uses bitcoin bitcoin has a big difference beetween bitcoin and paper money. The most company are using fiat currency for there business and for them selves
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November 12, 2016, 05:13:44 AM
 #2247

The paper money has a very big features than bitcoin i can see that paper money is more important than bitcoin but for those who really uses bitcoin bitcoin has a big difference beetween bitcoin and paper money. The most company are using fiat currency for there business and for them selves

you should not copare paper money with bitcoin.

paper money is what we are all using and have no other choice of using it because all our lives are based on using it. and it is what the government controls and issues.

but bitcoin is what you can use on your own and in much less places and although it is good but it is not yet used everywhere.


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November 12, 2016, 06:20:20 AM
 #2248

The paper money has a very big features than bitcoin i can see that paper money is more important than bitcoin but for those who really uses bitcoin bitcoin has a big difference beetween bitcoin and paper money. The most company are using fiat currency for there business and for them selves

True. But we are talking about the future of paper money. Money in the future will not be paper for sure. We can see this movement today. The world is moving from paper to paperless systems. For example, bills nowadays are sent to customers via email or other electronic means.
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November 12, 2016, 06:22:22 AM
 #2249

Paper money is a liability so it is not real good to use anymore because of the ease of counterfeiting it now. Also this and it's becoming a relic to use.
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November 12, 2016, 08:14:55 AM
 #2250

Paper money is a liability so it is not real good to use anymore because of the ease of counterfeiting it now. Also this and it's becoming a relic to use.
Wow really? Can you live without paper money. I guess you should know what you are saying..

Whether we like it or not, we are still force to use paper money as almost all of our needs in this world to survive especially the basic needs can only be purchase using our paper money.
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November 12, 2016, 11:43:47 AM
 #2251

Paper money is a liability so it is not real good to use anymore because of the ease of counterfeiting it now. Also this and it's becoming a relic to use.
Wow really? Can you live without paper money. I guess you should know what you are saying..

Whether we like it or not, we are still force to use paper money as almost all of our needs in this world to survive especially the basic needs can only be purchase using our paper money.
Why we must use paper money? paper money does nit have intrinsic value, it is different with gold. Bitcoin in operational is better than paper money. We can send money anywhere around the world in a few minute. So I think people in the future will leave fiat then use gold or bitcoin.

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deisik
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November 12, 2016, 12:46:34 PM
Last edit: November 12, 2016, 03:19:55 PM by deisik
 #2252

Paper money is a liability so it is not real good to use anymore because of the ease of counterfeiting it now. Also this and it's becoming a relic to use.
Wow really? Can you live without paper money. I guess you should know what you are saying..

Whether we like it or not, we are still force to use paper money as almost all of our needs in this world to survive especially the basic needs can only be purchase using our paper money.

Not necessarily so. While cash is without doubt useful for everyday transactions and most likely will remain so for the foreseeable future, personally, I use cash only on rare occasions and prefer paying with my bank card as much as possible. Indeed, I get a hefty cashback by my bank, but using a payment card is just outright more handy and convenient than paper money. There may be whole months without me spending a single dime as cash, and whenever I have to use cash, it is mainly due to the backwardness of the service that I have to make use of...

Or they might just be aiming at tax evasion

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November 12, 2016, 01:33:28 PM
 #2253

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.
I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities
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November 12, 2016, 04:29:16 PM
 #2254

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.
I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities
Yeah you're right. Cryptocurrency would most likely be considered as an option for people aside from fiat. Though obviously paper money is still more needed than any other currencies, with crypto's growth many people would already be aware of it and would start using it because of ita benefits

 
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michkima
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November 12, 2016, 05:21:46 PM
 #2255

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.
I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities
Yeah you're right. Cryptocurrency would most likely be considered as an option for people aside from fiat. Though obviously paper money is still more needed than any other currencies, with crypto's growth many people would already be aware of it and would start using it because of ita benefits
 
I think paper money will be obsolete in the future though. Because, paper would be considered as a scarce resource as well as an inefficient medium for money or anything for that matter. Hence, in the future, for sure, everything will be digital. Being digital finance will follow suit. Money will become digital, it may or may not be bitcoin.
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November 12, 2016, 05:39:44 PM
 #2256

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.
I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

If they change paper money to a digital system where paper money wont be used anymore then there would be no use of paper money even in offline activities, but no one can say for sure that bitcoin will be that digital system of replacing paper money system.
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November 12, 2016, 06:02:28 PM
 #2257

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.
I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

If they change paper money to a digital system where paper money wont be used anymore then there would be no use of paper money even in offline activities, but no one can say for sure that bitcoin will be that digital system of replacing paper money system.
I think digital currency like bitcoin are good only for alternative just like atm if they have no money to pay they can give atm to buy and shops in malls.. but paper but you can not use in far places without signal so paper money should be stay and use by people because its valuable..
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November 12, 2016, 06:06:49 PM
 #2258

I think paper money there will exist be at least 50 years, and they will gradually be replaced with electronic money.
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November 12, 2016, 06:09:04 PM
 #2259

we are already entering the future of the monetary system we have already seen many xontrys are really started taking action on it. india, america , europe , london , switzerland and many more no matter what strict them buts its a massive improvment since last 15years

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November 13, 2016, 01:53:11 AM
 #2260

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.
I think though true digital currency will be more popular in the future but I'm sure it will not be disappearing to make paper money, because paper money will always be needed for offline activities

If they change paper money to a digital system where paper money wont be used anymore then there would be no use of paper money even in offline activities, but no one can say for sure that bitcoin will be that digital system of replacing paper money system.
I think digital currency like bitcoin are good only for alternative just like atm if they have no money to pay they can give atm to buy and shops in malls.. but paper but you can not use in far places without signal so paper money should be stay and use by people because its valuable..

The fact is people are used to paper money as they are using it since beginning and there is no way it can disappear in future as it holds support from the Government and they will never allow any digital currency to replace their national currency, more people will start using bitcoins in future but only as an alternative to paper money.
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