The future of the paper money

[nasipadang]

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet

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[X-ray]

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet

but the newspaper still favourable amongst many people, they often said that the feels of reading news paper and reading news through internet is different by many factors, according to that i can say that there must be some people who still prefer paper money over digital currency,they will hold on until government ban that paper money or stop to use it

[diegz]

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet

but the newspaper still favourable amongst many people, they often said that the feels of reading news paper and reading news through internet is different by many factors, according to that i can say that there must be some people who still prefer paper money over digital currency,they will hold on until government ban that paper money or stop to use it

Actually news papers now has online version. Both are good to read and are just the same, but I am sure millennials will prefer the online version and the old folks love to read the news papers with their coffee.  With regards to money, it will survive for many years and probably will just have a change in its composition or the materials that it use, but still, it will survive.

[Rostadom]

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet

No you can't just compare one thing to another and conclude that it's analogous to the other. That's like saying "since we used to draw stuffs on an actual paper and now we can draw using our tablets. Thus, we can also draw money online."

Newspaper and paper money isn't just the same thing. The word "paper" on their names doesn't make them similar to each other, other than the fact that they are both made of paper.

[South Park]

Paper money is here to stay. When you check the history of the evolution of money, people used to do barter trade. Slowly, the system evolved to other commodities like silver diamond and gold. The evolution continued until now where we have electronic money. You can realize that those commodities (precious stones) that were used as currency (in exchange of goods) are now regarded highly. Similarly, paper money will not disappear but will have a more important meaning.

Paper money is just paper money and those precious stones have value because they were mined and you can't just find them easily. It took a lot of effort to collect and process those, and those things are limited unlike the paper money that the government can print out whenever they wanted too.

I'm pretty sure that people have started accepting stuffs like silver and gold at first because they know that it's precious and valuable. Fiat money was created back then so it would be easier to pay someone and all fiat money was backed by gold. But now, it isn't backed by gold anymore which makes paper money just a simple paper that we accept in exchange to our goods. When everything goes down, these paper money would have no value.

Gold is scarce, precious stones like diamonds are not, the reason diamonds are so valuable is because a company has  a monopoly of more than 80% of the diamond production and they run a very successful marketing campaign to make diamonds part of the marriage process.

[czvezda]

future where technology is growing I think the paper money will be forgotten and replaced by something more easily possible. as well as the newspaper now you can read the news on your gadgets via the internet

but the newspaper still favourable amongst many people, they often said that the feels of reading news paper and reading news through internet is different by many factors, according to that i can say that there must be some people who still prefer paper money over digital currency,they will hold on until government ban that paper money or stop to use it

Actually news papers now has online version. Both are good to read and are just the same, but I am sure millennials will prefer the online version and the old folks love to read the news papers with their coffee.  With regards to money, it will survive for many years and probably will just have a change in its composition or the materials that it use, but still, it will survive.

Yeah the younger generation will prefer to go for digital payment methods and older generation will still prefer to use paper money as bitcoins can be complicated for them and they are used to paper money as they are using it since the beginning so even in future we will find many users who will prefer to stay with paper money.

[HateEU]

There is no future for fiat money,paypal,skrill,perfectmoney,payza,payeer,payoneer and and other fiat money online wallet there are past.There is only future for cryptocurrencies which everybody almost likes

[jaysabi]

Paper money is only limited by earth's supply of trees

At least digital currency is "backed" by the mining's ever-soaring level of difficulty. This built-in scarcity model prevents deflation of bitcoin value, raises the miners' bar for return on investment, and thereby guarantees a steady climb in price. Each transaction buyer wants to hold for a later price rise, and so on down the line. Not every trader can outwait their own need for their own fiat currency, so naturally there are trades at a loss. Whoever has the most patience and greatest wealth can end up with a large hoard of bitcoins.

Mining difficulty in no way backs the value of bitcoin. Mining difficulty is only a result of how many computers are solving the algo that mints coins. Whether bitcoin was worth $1000 or $1, it wouldn't directly affect the difficulty of the mining.  

The built-in scarcity does not give it a floor value. If that was true, any altcoin with fewer than 21 million possible coins would have a price point higher than bitcoin. What gives bitcoin value is the collective belief by people holding it or seeking to buy it that it will continue to have value. It's just a confidence game.

Well in mining there is more chance of running out coins to be mines than trees running out first. Also if Trees are the problem there is a lot of ways now creating a new fiat currency and that is the use of Fibers from fruits and other materials. Also the government does not need to develop new prints of money because it creates an imbalance in the economy. Remember they control the flow of currency in the country.

Most new dollar creation is digital these days compared to physical money anyway. So worrying about "running out of trees," while not a major concern to begin with, is even less of a concern in today's economy. All the bitcoins will be mined long before we run out of trees. Especially since money isn't made out of trees to begin with!

[jaysabi]

I am very sure, paper money survive no more than 50 years, this is because the Earth has been very badly damaged, thus the use of papers are forbidden, including to make money.

interesting thought , but there is a lot of crumbly paper too ,
so it shouldn't be a problem anymore if they want to keep printing the pape money ,
imho applying digital money needed hundred years ,
so i doubt within 50 year paper moneycan be replaced.

"Paper" money isn't actually paper anyway. It's a mixture of linen and cotton. It's far more durable than if bills were made out of actual paper. Any bill that got wet would basically disintegrate. But the "paper" money we have now can survive being wet, or even being washed in a washing machine. It's durable for a reason.

[Catswold]

There is no future for fiat money,paypal,skrill,perfectmoney,payza,payeer,payoneer and and other fiat money online wallet there are past.There is only future for cryptocurrencies which everybody almost likes

No mate that is not a reality as there are many people who are not still aware about crypto world and even have a fear of using credit and debit cards for making purchases and prefers only to use paper money as its very easy and don't have a feeling of loosing their money so I think paper money will always survive even in future.

[ironm@n]

Many people are thinking that bitcoin will be paper money but i thiknk we have already a paper money which is our paper wallet contains private key. but bitcoin will never be the same as fiat that has paper money.. since bitcoin is just alternative payment processor we can only use it online and now many sites are accepting it even here in my school i found someone now are studying bitcoin and they are earnings few bitcoins ..

I also never heard of it. many people who say that perhaps bitcoin will be released in a form of paper money, and I also thought like that. but, basically bitcoin has had the best form, ie as cryptocurrency, and it has become a tool of the best deals on the internet. Well, I believe that paper money will only be used for the fiat, not for bitcoin.

I think it would be a setback for the technology when bitcoin bitcoin create a paper version. because as you've said cryptocurrency or virtual currency has been the best form of a currency

Actually there are already the so-called paper wallets, and some users see this as a safe way to store Bitcoins. However, I see some problems in this form, because if the paper is damaged, you can lose access to your Bitcoins. Maybe it can serve as a way to diversify, to put just a few coins, but the safest way, in my opinion, is to store in a secure computer or device, preferably offline.

[BitSat]

There is no future for fiat money,paypal,skrill,perfectmoney,payza,payeer,payoneer and and other fiat money online wallet there are past.There is only future for cryptocurrencies which everybody almost likes

No mate that is not a reality as there are many people who are not still aware about crypto world and even have a fear of using credit and debit cards for making purchases and prefers only to use paper money as its very easy and don't have a feeling of loosing their money so I think paper money will always survive even in future.

Few peoples living in dream world and saying paper money is going to end but its nothing happening to this because currently very few peoples have access to this crypto world and its not going to cover all other poor and third world countries even in next 100 years so future of paper money is still good

[Wowcoin]

Paper money is still a dominant type of currency in the future because this is very popular currency and its value is not fluctuating compared to crypto currency, and you cant expect its price to be like bitcoin that can spike up higher price. Few people knew bitcoin and it doesn't overcome the participation of fiat money at all because most people wants to earn bitcoin and exchanged it to fiat money through wallets online.

[masterkiller]

Paper money is still a dominant type of currency in the future because this is very popular currency and its value is not fluctuating compared to crypto currency, and you cant expect its price to be like bitcoin that can spike up higher price. Few people knew bitcoin and it doesn't overcome the participation of fiat money at all because most people wants to earn bitcoin and exchanged it to fiat money through wallets online.

Yeah we cannot spend bitcoins directly for buying anything and if we have to do that then converting to fiat is the only choice left for us so I don't think that there is any threat to the future of paper money from bitcoins as bitcoin still needs a time to develop and reach to each and every corner of the world and if that happens in future its hard to believe that it will be used and accepted everywhere as a mode of payment.

[gabmen]

Paper money is still a dominant type of currency in the future because this is very popular currency and its value is not fluctuating compared to crypto currency, and you cant expect its price to be like bitcoin that can spike up higher price. Few people knew bitcoin and it doesn't overcome the participation of fiat money at all because most people wants to earn bitcoin and exchanged it to fiat money through wallets online.

Yeah we cannot spend bitcoins directly for buying anything and if we have to do that then converting to fiat is the only choice left for us so I don't think that there is any threat to the future of paper money from bitcoins as bitcoin still needs a time to develop and reach to each and every corner of the world and if that happens in future its hard to believe that it will be used and accepted everywhere as a mode of payment.

Yeah and aside from that, i think people feel more secure if they can hold their money in their hands whenever they want to. People have been transcting exchanges from a long time when we're using barter system where there is an actual exchange of product going on. Bitcoin is not a physical currency and i think at best it would just be in support of paper money.

[Babayega31]

The paper money is a gateway of btc for cashing out to fiat. In the future paper money will still be the same but we have an option to earn bitcoin along with paper money because they are compatible to each other. Although economy is always moving it doesn't mean paper money will vanish in the future but there maybe possibility that it will be use as worldwide digital currency partner soon if bitcoin will become progressive and successful.

[diegz]

The paper money is a gateway of btc for cashing out to fiat. In the future paper money will still be the same but we have an option to earn bitcoin along with paper money because they are compatible to each other. Although economy is always moving it doesn't mean paper money will vanish in the future but there maybe possibility that it will be use as worldwide digital currency partner soon if bitcoin will become progressive and successful.

In the future we won't be needing to convert bitcoin to fiat, but for sure paper money will still be there, probably lesser and some of its components have been changed. It will never vanish even if new crisis arrive. What I only think that will make it vanish is when we don't have resources to use to print new paper money and the government starts to shift into something new.

[ekoice]

Even in advanced countries like US, where digital transactions are more, still paper currency exists.
People in most of developing countries even now dont know about credit cards and debit cards.
Digital currencies would reduce the paper currency usage to a considerable amount.
If paper money is used, it is accountable. But when digital transactions are used with digital currencies,there is no need to provide personal details and if altcoins providing anonymity are used for transactions, even transactions could not be traced.

[mornabo]

There is no future for fiat money,paypal,skrill,perfectmoney,payza,payeer,payoneer and and other fiat money online wallet there are past.There is only future for cryptocurrencies which everybody almost likes

nope I think the future of the currency will remain on fiat, of course fiat will make a version of the currency in accordance with the times such as virtual currency.

[Finestream]

There is no future for fiat money,paypal,skrill,perfectmoney,payza,payeer,payoneer and and other fiat money online wallet there are past.There is only future for cryptocurrencies which everybody almost likes

nope I think the future of the currency will remain on fiat, of course fiat will make a version of the currency in accordance with the times such as virtual currency.

Fiat is the present and the future but it will be in digital form, however, paper money will not be erase in the circulation as some people are comfortable in using it especially those who cannot comprehend the use of online transaction. We have different countries and there's a big population in a certain country, you can't expect they can adopt all.