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South Park
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February 17, 2017, 10:37:58 PM
Last edit: February 18, 2017, 05:41:51 PM by South Park |
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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. Paper money can be used for big purchases too, but the governments of the world don't like it since they cannot track cash, that is why you see that in many countries you cannot buy a house or a car with cash you need to use a check or to transfer money between banks accounts and that is mostly done to know how much money you have and what use you are giving to it. |
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BitcoinMarshal
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February 17, 2017, 10:48:13 PM |
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Digital currency is the future many countries tried to reduced the use of paper money.
Currently we have no chance of this digital currency to be applied in any country because this need too much work and have some serious problems also its can be but still long way to go for this even in developed countries |
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deppil
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February 17, 2017, 11:12:45 PM |
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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.
but the government would undertake reforms towards something that is outdated and rarely used, for the time being paper money is still survive. but I'm sure someday will surely replaced with something sophisticated |
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hase0278
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February 17, 2017, 11:41:38 PM |
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Paper money might still exist in the future since it has long been trusted by many to be used. There is also a possibility that fiat currencies in the future are in the form of crypto-currency, digital currencies that will be backed by government and not bitcoin since they like their currency to be controllable by them, the government. There is a chance that bitcoin is still alive at that time but it will just be another payment method online.
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Theb
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February 18, 2017, 01:05:45 AM |
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Paper money might still exist in the future since it has long been trusted by many to be used. There is also a possibility that fiat currencies in the future are in the form of crypto-currency, digital currencies that will be backed by government and not bitcoin since they like their currency to be controllable by them, the government. There is a chance that bitcoin is still alive at that time but it will just be another payment method online.
There is no "might exist" because it will really exist until the future. The government will have anymore ideas on what is a better currency than what they have now. Also Fiat now has a form in cryptocurrency, this is what banks does. Converting your money into debit, you can even make it a credit account. No one will ever try to form a fiat currency into a Virtual money currency because it will be useless. |
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bitbob82
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February 18, 2017, 06:22:17 AM |
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Paper money might still exist in the future since it has long been trusted by many to be used. There is also a possibility that fiat currencies in the future are in the form of crypto-currency, digital currencies that will be backed by government and not bitcoin since they like their currency to be controllable by them, the government. There is a chance that bitcoin is still alive at that time but it will just be another payment method online.
yes most of the people will be using fiat. in fact they may have no access to bitcoin or they may do not know about bitcoin therefore they will be using fiat for a long time, i think those people who are using bitcoin will also be using fiat. because most of them are using bitcoin as optional. because still they do not have facilities to use bitcoin in their local shops. |
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wizmo
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February 18, 2017, 08:43:08 AM |
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Digital currency is the future many countries tried to reduced the use of paper money.
Currently we have no chance of this digital currency to be applied in any country because this need too much work and have some serious problems also its can be but still long way to go for this even in developed countries Yes it needs too much work but government always wanted to catch tax evaders who don't pay their taxes that's why some countries try to ban big currency notes which is main source of black money. Paper money will be available in future too but for small amounts. |
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Altas
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February 18, 2017, 12:04:46 PM |
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The future of the paper money is going to an end. IN this digital world many of the countries started to use digital currency so they reduce the use of paper currency. Still there is a problem in using digital currency, most of the people from the third world countries do not know about the technical growth . They are relay on paper currency.
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OrangeII
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February 18, 2017, 05:25:47 PM |
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My country, paper money has always been the money that is often in the search. I think it is a very simple form for now. moreover, the development of technology in the city is so slow. but I believe, little by little, will switch to the digital age and leave the paper money.
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Longsnowsm
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February 18, 2017, 05:36:06 PM |
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Without some sort of physical form of value/money that can be exchanged privately among individuals outside of the control of banks and governments humanities express track to absolute enslavement is guaranteed.
Digital currency such as BTC is nice as long as the internet is still "somewhat" free. But we are quickly approaching the end of probation for BTC and our little crypto experiment as the world govt and banks roll out their own version of blockchain and approved "money" and declare anything outside of their approved "money" illegal.
The direction the internet is heading routes everything through govt/bank systems and filters. Tiered access to the internet with only approved sites on specific approved tiers of the internet are quickly approaching.
Of course the angle is your personal safety... We have to stop the money laundering, child porn, sex slaves, drug trafficking.... Of course all approved activities of the CIA and the money elite... but pay no attention to the "man" behind the curtain.
You want to ensure absolute slavery, take away people's money that is outside the control of the monsters.
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South Park
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February 18, 2017, 05:44:55 PM |
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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.
Paper money will keep on existing that is correct but make no mistake the banks and the state are not happy with cash, because they cannot track it, many illegal business are made with cash and tax evaders can use cash to avoid being detected in their financial operations. |
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Reid
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February 18, 2017, 05:49:20 PM |
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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.
Paper money will keep on existing that is correct but make no mistake the banks and the state are not happy with cash, because they cannot track it, many illegal business are made with cash and tax evaders can use cash to avoid being detected in their financial operations. There have been ways now to track that. They are more afraid with the bitcoin technology because it is sure to give them problems about monitoring it. They will be blind as what is happening now. Illegal transactions such as weapons are being done even this time and they would not known. Why they hate it? Because they are not the one who is getting the profit. |
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bitbob82
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February 18, 2017, 06:37:02 PM |
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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.
Paper money will keep on existing that is correct but make no mistake the banks and the state are not happy with cash, because they cannot track it, many illegal business are made with cash and tax evaders can use cash to avoid being detected in their financial operations. yes paper money will continue increasing for long time. i think in near future there is nothing wrong to fiat because more than 99% people are using fiat. and fiat will continue for a long long time. because still people need to know about bitcoin. |
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horace08122
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February 24, 2017, 09:45:27 PM |
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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.
Paper money will keep on existing that is correct but make no mistake the banks and the state are not happy with cash, because they cannot track it, many illegal business are made with cash and tax evaders can use cash to avoid being detected in their financial operations. yes paper money will continue increasing for long time. i think in near future there is nothing wrong to fiat because more than 99% people are using fiat. and fiat will continue for a long long time. because still people need to know about bitcoin. If we stick to a very interesting proverb, it turns out it is not necessary to before running too, and celebrate victory prematurely. I believe that paper money is still very much surprised everybody. |
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Gilf
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February 25, 2017, 07:09:44 AM |
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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.
Paper money will keep on existing that is correct but make no mistake the banks and the state are not happy with cash, because they cannot track it, many illegal business are made with cash and tax evaders can use cash to avoid being detected in their financial operations. There have been ways now to track that. They are more afraid with the bitcoin technology because it is sure to give them problems about monitoring it. They will be blind as what is happening now. Illegal transactions such as weapons are being done even this time and they would not known. Why they hate it? Because they are not the one who is getting the profit. My main income and my family is still in the Fiat, and we always use paper money. And I'm not the only one. Many will be very sorry if this change. |
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geegaw
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February 25, 2017, 07:57:41 AM |
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In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
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pyata4ok
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February 25, 2017, 07:59:13 AM |
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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.
Paper money will keep on existing that is correct but make no mistake the banks and the state are not happy with cash, because they cannot track it, many illegal business are made with cash and tax evaders can use cash to avoid being detected in their financial operations. And I think very differently, because paper money is easier to control than the bitcoin. Although, if the state will pursue bitcoin, then he will lose the existing committers. |
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tripplewarz
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February 25, 2017, 08:57:32 AM |
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In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
No big difference. Any physical object that will replace the money will bring the same problems. In the digital money is not for the problem. Paper money will be a very long time. |
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Pattart
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February 25, 2017, 09:08:01 AM |
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In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
paper money will not be replaced with another currency. paper money only will rejuvenate become more sophisticated and more flexible. The new version will be even more likely to be digital |
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Fatanut
Legendary
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Activity: 1008
Merit: 1060
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February 25, 2017, 09:22:40 AM |
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In the future, paper money will disappear, it will be replaced by another currency. In other words, paper money will become worthless because many countries print more money to stimulate the economy, the value of paper money will decrease serious. And i think electronic money will be the main currency in the future because it safe, fast and ensure transparency
No big difference. Any physical object that will replace the money will bring the same problems. In the digital money is not for the problem. Paper money will be a very long time. One major problem with digital money is that the government can just add more funds on their wallet whenever they want. They own all of those money, then of course they can do whatever they want. It's basically the same thing as what they do with paper money. The only difference is that it's much easier to do in digital money. They only have to add some numbers, then Voila! instant billions worth of your fiat. The value of your fiat will decrease accordingly as well. That is why digital money should have a limit on its supply just like what we have in bitcoins or any other altcoins. Any currency that can increase in number anytime the government wanted to do so will keep devaluating because the government would want more and more money so they would print/add more quantity in their fiat money. |
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