The future of the paper money

[E-shipper]

First of all, you need not only to someone, but also themselves learn to tell the truth. We still continue to use real paper money in their daily life. And this will continue for a long time. At least it is very convenient for me.

[grenade launcher]

It should be. It is more convenient for us and more people will be seeing it. We know that USD is very much accepted spevially in poor countries. If the two can be combined then a big change will happen for both bitcoin value and USD. Just have to be careful with the illegal transactions though.

For USD paper bills to be acceptable worldwide they need to be save from counterfeits (the "funny money") and exactly there digital signatures are reaching new frontiers

The US dollar is not accepted worldwide even now, and that makes sense since every country has their own economic needs, just look at the euro, and see the failure it is, some of the indebted countries need to print their currency to get out of their debts but they can’t because they cannot print euros.

Here I disagree with you. From the dollar depends almost the entire world economy. This currency bude supported by all participants in the market, including even the World Bank will do everything to resist the dollar. And the euro as a whole and the European Union was doomed because of the bureaucracy.

[Natalim]

First of all, you need not only to someone, but also themselves learn to tell the truth. We still continue to use real paper money in their daily life. And this will continue for a long time. At least it is very convenient for me.

Not only for you but most especially to those people who do not know how to operate online transaction, using bitcoin will require a person to be educated with the technology while paper money even the very poor person can easily use it. The world has a big popular and majority of that population belongs to poverty, I don't think the government would allow to eliminate paper money, they need to be serve as they are people as well.

[bitbunnni]

First of all, you need not only to someone, but also themselves learn to tell the truth. We still continue to use real paper money in their daily life. And this will continue for a long time. At least it is very convenient for me.

Not only for you but most especially to those people who do not know how to operate online transaction, using bitcoin will require a person to be educated with the technology while paper money even the very poor person can easily use it. The world has a big popular and majority of that population belongs to poverty, I don't think the government would allow to eliminate paper money, they need to be serve as they are people as well.

Totally agree with you. In drawing conclusions from this, we can say that paper money will always be. And the future they will be real, because most people will only use them.

[deisik]

It should be. It is more convenient for us and more people will be seeing it. We know that USD is very much accepted spevially in poor countries. If the two can be combined then a big change will happen for both bitcoin value and USD. Just have to be careful with the illegal transactions though.

For USD paper bills to be acceptable worldwide they need to be save from counterfeits (the "funny money") and exactly there digital signatures are reaching new frontiers

The US dollar is not accepted worldwide even now, and that makes sense since every country has their own economic needs, just look at the euro, and see the failure it is, some of the indebted countries need to print their currency to get out of their debts but they can’t because they cannot print euros.

Here I disagree with you. From the dollar depends almost the entire world economy. This currency bude supported by all participants in the market, including even the World Bank will do everything to resist the dollar. And the euro as a whole and the European Union was doomed because of the bureaucracy

Here I should disagree with you too

Basically, dollar is only a tool, and the entire world economy cannot depend on it since it can be easily substituted with something else (e.g. gold for final settlement of accounts between countries) if required. Further, you could theoretically say that the world trade comes to depend on the US dollar but only as long as it doesn't lose purchasing power due to massive devaluation by the US government. If that should happen, it will be just as easily substituted with another means of payment

[AUDREY23]

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government

[DrPepperJC]

Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.

[Mitcsell]

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government

Given that my parents and even older generation do not know how to even use credit cards, for them the only way to paper money will pay for their purchases. And for bitcoin even speech can not go.

[gabmen]

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government

Given that my parents and even older generation do not know how to even use credit cards, for them the only way to paper money will pay for their purchases. And for bitcoin even speech can not go.

Which tells us that in the future, it is more likely than not, people would still be using paper money even in a digital age. Bitcoin and other digital currencies may be widely accepted and used by that time but i think in general, purchases and transactions would still be through fiat or there would be an option for people on what is dasier for them. But definitely paper money is here to stay

[Erza]

Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.

So what if it is national currency? What we really focus on is the future of paper money? How about if in the next few years this will change? And there is no more fiat?
All is about transaction using blockchain? This is the real point of the future paper money. It does not matter if we are being decieved by governmeny, as long as our wallet is safe I dont think that it will a big problem

[bncbnc]

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government

but why is the government taking such decision, because they feel that now  people interest is no there in fiat currency therefore they must be start thinking about egital currency. but still not a single government has announced any digital currency.

[South Park]

50 years ago currencies such as dollar were the same as it is today, if you worked 8 hours a day and could buy a house after 1 year you can now work 8 hours a day and buy a house after one year but since there are many new things that people need or want and they are growing in numbers as new technologies come to light it is often more difficult than before to have enough money.
50 years ago your kids didn't want ipad, iphone, tablet, then you only needed to buy them a atari and that was it.

While our technological progress has been incredible, if we compare an Atari vs any video games console of today, that does not mean an Atari was cheap back in the day, it was the latest technology, and no matter the era that is expensive.

[agamasrori]

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government

but why is the government taking such decision, because they feel that now  people interest is no there in fiat currency therefore they must be start thinking about egital currency. but still not a single government has announced any digital currency.

although my country has not regulates bitcoin but the government and my country bank announced that they would make their own digital money. I think they target the online transactions that number continues to grow. Probably they can control their digital money , and maybe this currency will replace paper money. but I prefer bitcoin for full control in my hand.

[Viscore]

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government

but why is the government taking such decision, because they feel that now  people interest is no there in fiat currency therefore they must be start thinking about egital currency. but still not a single government has announced any digital currency.

although my country has not regulates bitcoin but the government and my country bank announced that they would make their own digital money. I think they target the online transactions that number continues to grow. Probably they can control their digital money , and maybe this currency will replace paper money. but I prefer bitcoin for full control in my hand.

The government had already thought of digital currency, however they cannot duplicate bitcoin to attract more people to use or particular attract the bitcoin users to use there service and quit bitcoin. Even how good their system is, they cannot erase the fact that with government is still in control, it will always mean centralization which is the complete opposite of bitcoin.

[dEjAvU97]

Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.

The time is changed, paper money too many weakness, and easier to inflation and the government is very difficult to controlling. Better is digital money. I agree paper money will survive anytime, but for small and cash transaction only.

[asriloni]

in fact if the government had taken the decision that it will issue a digital currency, the government itself has prepared everything relating to the security of digital currency that, if most people have already switched to digital currency is by itself banknotes will be abandoned by their users without there should be a ban on the government

Given that my parents and even older generation do not know how to even use credit cards, for them the only way to paper money will pay for their purchases. And for bitcoin even speech can not go.

The older person such as my grandpa and grandma are unfamiliar with the technology and they're just know about using the fiat currency for fill the daily needs. But too difficult for give an explanation about the technology for them.

[avikz]

I do not agree with the gloomy future of paper money which you wanted to tell. Paper money is the backbone of today's economy and accepted in every corner of the world. On the other hand, a majority of people didn't hear about bitcoin yet. Only a minor percentage of human population heard about bitcoin and even lesser number of people are using that. So I don't see bitcoin as a threat to the paper money in any way.

Paper money is so deeply rooted to the society, it is nearly impossible to uproot that also paper money is being supported by the government. So the future of paper money is still as shinning as ever. Bitcoin is not threat or it doesn't have the power to be a threat to the paper money.

[bncbnc]

Paper money is the national currency and the government should always do everything that it was at a good level. Although in some countries because of corrupt officials to make money on the exchange rate differentials, thus deceiving its citizens.

The time is changed, paper money too many weakness, and easier to inflation and the government is very difficult to controlling. Better is digital money. I agree paper money will survive anytime, but for small and cash transaction only.

yes it is very much possible that if the number of bitcoin users will increase and when people will start using bitcoin as currency in their local shops then it will really effect fiat. only those people who do not know about the use of bitcoin will be using fiat other wise all the new generation will give preference to bitcoin.

[mastica]

Banks are introducing digital services, and they are the ones that will and has already started the era digital offering those kind of services. Almost all people has one or more phones, and are conected atleast 1-5 hours daily, paper money is something that should be replaced to digital currencies, in the next 30-50 years i believe it will happen.

[wizmo]

Digital currency is the future many countries tried to reduced the use of paper money.