The future of the paper money

[mirakal]

Maybe paper money in that time would be obselete but it will never be gone. Some people especially those who are in rural areas still be needing paper money because most of them are not aware of technology and the internet signal is that good so paper money would still be their primary mode of payments.

No matter how far the technology will reach in the future, paper money will still be the basic currency to be used by people. No matter how many cryptocurrencies will appear and be made, people cannot disregard the use of paper money for it is the money that can be held physically and can be used even without internet connection and without electricity.

That's the reality, we cannot live without paper money.. We need it for our daily needs as bitcoin can only be use for online transaction.

Who can, even now that we are using bitcoin we still have to convert it to fiat or paper money for us to use this. Bitcoin is still young and we cannot rely on our future with it, paper money has been in circulation for many years and it will remain there.

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[jaysabi]

Maybe paper money in that time would be obselete but it will never be gone. Some people especially those who are in rural areas still be needing paper money because most of them are not aware of technology and the internet signal is that good so paper money would still be their primary mode of payments.

I'm sure at times people thought the same of gold-backed currency; that no matter how convenient fiat was, it would always need be be backed by gold in order to have value. That clearly hasn't been true. Money is no longer backed by gold and the economy is fine. Perhaps the reliance on paper money is similarly over-stated.

[vegito]

Paper money will probably be around here for many years, maybe decades. I think Bitcoin will be a successful currency before that, but there will be people who will continue to use conventional forms of payment, especially people who are resistant to adopting new technologies.

[magneto]

Paper money has absolutely no future. Even for the notorious fiat currency printers the governments across the world, paper currency is becoming extremely difficult to print on a large scale and is costing them lots to recycle, print, and manage counterfeits.

Even governments with little knowledge of digital payment gateways would know that digital currency is the way to go these days.

[EdenHazard]

Paper money will probably be around here for many years, maybe decades. I think Bitcoin will be a successful currency before that, but there will be people who will continue to use conventional forms of payment, especially people who are resistant to adopting new technologies.

i agree , but i am sure we will keep moving forward if necessarry people might will feel like forced to adopt technology that will come like digital money bitcoin technology , as they need it to continue life in the digital era.

everything has been digitizing , so do with money too , bitcoin will be the leading of digital money although paper money still used but it will be less.

[goldcoinminer]

Paper money will probably be around here for many years, maybe decades. I think Bitcoin will be a successful currency before that, but there will be people who will continue to use conventional forms of payment, especially people who are resistant to adopting new technologies.

i agree , but i am sure we will keep moving forward if necessarry people might will feel like forced to adopt technology that will come like digital money bitcoin technology , as they need it to continue life in the digital era.

everything has been digitizing , so do with money too , bitcoin will be the leading of digital money although paper money still used but it will be less.

We don't need to force them as like I said many times bitcoin is freedom and since it's freedom people has an option base on his decision. But I know people will be attracted to adopt as bitcoin has a good technology and a community as well.

[MTBTT]

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

yeah maybe it will happen in the future in which all transactions will be online and may also be a free internet, but think that paper money would disappear I think it's too scary you know

[uname]

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.

I think the true real money will always be in the form of paper money, and the money will be digital only as an option, although the future of digital money later will be more widely used, but I'm sure paper money will continue to survive

[Positid]

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

yeah maybe it will happen in the future in which all transactions will be online and may also be a free internet, but think that paper money would disappear I think it's too scary you know

Not really, you are just saying that kids should learn bitcoins and illiterate people should need to learn computer. It does not work that way, the world is not fair, there are people who are living in poverty who does not have an education to comprehend what is bitcoin in the first place.

[20kevin20]

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.

I think the true real money will always be in the form of paper money, and the money will be digital only as an option, although the future of digital money later will be more widely used, but I'm sure paper money will continue to survive

Paper money has to survive until everyone on this world will afford to get their own computer, or smartphone. Another way would be something like a solar powered Trezor wallet to be released and given away to every citizen, but that means a LOT of money. For example, I'm not even sure how India will survive with the e-cash as there are a lot of poor families there.

[dEjAvU97]

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.

I think the true real money will always be in the form of paper money, and the money will be digital only as an option, although the future of digital money later will be more widely used, but I'm sure paper money will continue to survive

Paper money can be elimanate if system between stable, paper money is many the weakness like prone to false, paper money also difficult to control by government.

[Positid]

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.

I think the true real money will always be in the form of paper money, and the money will be digital only as an option, although the future of digital money later will be more widely used, but I'm sure paper money will continue to survive

Paper money can be elimanate if system between stable, paper money is many the weakness like prone to false, paper money also difficult to control by government.

Wow! are your kidding me? You really have no idea that the government created paper money and it has a serial number as their control. Do your research please.

[danherbias07]

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

yeah maybe it will happen in the future in which all transactions will be online and may also be a free internet, but think that paper money would disappear I think it's too scary you know

Not really, you are just saying that kids should learn bitcoins and illiterate people should need to learn computer. It does not work that way, the world is not fair, there are people who are living in poverty who does not have an education to comprehend what is bitcoin in the first place.

Correct. Some people loves the environment and dont want to leave the life to where fresh air is there and good food is also there (the healthy ones). We could not force them to do this kind of things where technology is involved. I think they are also good in what they are doing specially those in farms.

[shintosai]

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

yeah maybe it will happen in the future in which all transactions will be online and may also be a free internet, but think that paper money would disappear I think it's too scary you know

Not really, you are just saying that kids should learn bitcoins and illiterate people should need to learn computer. It does not work that way, the world is not fair, there are people who are living in poverty who does not have an education to comprehend what is bitcoin in the first place.

Correct. Some people loves the environment and dont want to leave the life to where fresh air is there and good food is also there (the healthy ones). We could not force them to do this kind of things where technology is involved. I think they are also good in what they are doing specially those in farms.

that's the reality people will not embraced any changes that will lead them to removed their comfort zone most of the poeple from old community still don't have any idea regarding to global web considering bitcoin will able to reach most of the first world country it is not enough to completely change the form of currency such as paper money.

[Farma]

I dont know if im advancing too fast, but in the future we will do all transactions online without the need anymore of the printed money, besides that i do believe we will have internet acess for free, companies will sell just computers and digital equipments.

Real Money will always be paper and digital for use on a network. There is much debate on the subject, just much talk seriously about bitcoin such as international currency very early and premature.

I think the true real money will always be in the form of paper money, and the money will be digital only as an option, although the future of digital money later will be more widely used, but I'm sure paper money will continue to survive

Paper money can be elimanate if system between stable, paper money is many the weakness like prone to false, paper money also difficult to control by government.

Wow! are your kidding me? You really have no idea that the government created paper money and it has a serial number as their control. Do your research please.

Well, frankly paper money very easily controlled by the government of the coin, because paper money is very easy to use, in addition to the banknotes more easily made than a coin, because the material of the paper money is very easy to obtain and can be said that the material is very easy recycled, unlike the coins. so I feel that paper money will always be used in a very long time

[J Gambler]

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Paper money will not be banned and what is the main reason to banned this one? Paper money has a very big features in the future and it always be a based digital currency on bitcoin and it will support bitcoin all the way and paper money will be a long term and i think it will not forever but it's life time.

[anasis]

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Paper money will not be banned and what is the main reason to banned this one? Paper money has a very big features in the future and it always be a based digital currency on bitcoin and it will support bitcoin all the way and paper money will be a long term and i think it will not forever but it's life time.

As long as people will need to be paper money, as they will exist. Today, the real money brings ample amenities.

[pereira4]

It's pretty clear by 2036 no paper money will exist at all, it will be all digital and Bticoin will be worth millions of dollars since it will be the only way out from the Orwellian nightmare society where the government issues a centralized digital currency that is impossible to hide from. It will be the only way out for a lot of people. We are pioneers.

[Aamir1]

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Paper money will not be banned and what is the main reason to banned this one? Paper money has a very big features in the future and it always be a based digital currency on bitcoin and it will support bitcoin all the way and paper money will be a long term and i think it will not forever but it's life time.

Paper money wont get banned, it will get exchanged with some digital system like bitcoin, it wont be bitcoin as governments are not able to control it so they wont use it but they will surely make their own digital currencies and use them in place of paper money later on in future.

[romero121]

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

Paper money will not be banned and what is the main reason to banned this one? Paper money has a very big features in the future and it always be a based digital currency on bitcoin and it will support bitcoin all the way and paper money will be a long term and i think it will not forever but it's life time.

Paper money wont get banned, it will get exchanged with some digital system like bitcoin, it wont be bitcoin as governments are not able to control it so they wont use it but they will surely make their own digital currencies and use them in place of paper money later on in future.

As indicated paper money never gets out of use. Its the currency form that existed from the early days of human life. This will continue to be used by most of the public, though lot other forms of currency gets generated.