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vs2014
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May 15, 2017, 08:56:26 AM |
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I think the future of paper money will not face any enormous amount of challenge, since paper money has been used as a most popular form of money so it'll last year after year.
It's very difficult to replace by another form of money.
Agree with this, paper money was still available to used in the future and the value will remains the same and it will base on the economy of one country. Other currency launch and it will only be an option by the people if they used it or be loyal in traditional currency in each country. The users of paper money are higher in compare to bitcoins and even in future we can expect the same scenario where people would prefer to use paper money over bitcoins as some people may find using bitcoin complicated and will stick to traditional way of spending money. |
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tristan1960
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May 15, 2017, 09:07:57 AM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
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Finestream
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May 15, 2017, 12:05:21 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
It will be but it takes time to make it happen, I do not know when but the new technology cannot be easily instill to the minds of the people and we cannot convince them to learn how to use digital currencies since most of them lack education that is required to easily comprehend things. |
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Theb
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May 15, 2017, 12:10:11 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
It will be but it takes time to make it happen, I do not know when but the new technology cannot be easily instill to the minds of the people and we cannot convince them to learn how to use digital currencies since most of them lack education that is required to easily comprehend things. What is your source with that? Are there any related news that all of the governments in the country are planning to abolish their own wealth? Or even a country trying to do something like that? Claims without facts are pure speculations just like what you did because right now all countries depend on their fiat currency to survive. |
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Symphony_fr
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May 15, 2017, 12:34:34 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made. |
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gabmen
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May 17, 2017, 12:36:10 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made. exactly. although these digital currencies would make life a lot easier for us, there's no denying the need for a physical currency in our everyday expenses. and accessibility to the internet is not enjoyed by everyone so this would be a big challenge for non fiat currencies to topple. |
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Meowth05
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Activity: 854
Merit: 267
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May 17, 2017, 12:52:48 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made. Indeed, though digital currency is easy to use and more convinient still we can't guarantee that internet will last forever. I guess paper will not vanish because we are accoustomed to use it as mode payment. It is much better if we have two way of payment. |
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Kp4everK
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May 17, 2017, 12:56:32 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made. Indeed, though digital currency is easy to use and more convinient still we can't guarantee that internet will last forever. I guess paper will not vanish because we are accoustomed to use it as mode payment. It is much better if we have two way of payment. Yes, there must always be options for the possibility of performing financial transactions. Thus, paper and electronic money will exist forever. |
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youngagethinker
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May 17, 2017, 01:20:08 PM |
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Paper money has been around for over a hundred years. There is nothing wring with the concept of paper money. What is wrong is the people who got greedy behind it. The concept is good and more convenient in transactions especially a fast pace transactions in personal. Bitcoin or cryptocurrencies are good concept but it is in the future. Not all people can't afford the medium behind bitcoins transactions. Fiat will last for at least 80 years.
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Intersan
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May 17, 2017, 01:59:02 PM |
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Paper money is going to be around for still a long time because it is just to much of a problem to get rid of it. It would be a whole process to go and only count digital money.
It would also be different per country I think.
yeah every country has a different time period may be for the USA who already advanced. they would sooner leave paper money and switch to digital money faster than other countries ? I don't think so, but USA is a country who used dollar, even they know the bitcoin but dollar is a part of their society. The dollar is big source of income of USA and the world is based on the dollar currency. Even the others, the prepared money is the cash because you can handle every where unlike bitcoin that need to use an internet before they proceed to process. in Business topic I think this will be the most demand currency especially in the investor. |
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Netnox
Legendary
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Activity: 2044
Merit: 1008
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May 17, 2017, 04:40:05 PM |
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Paper money will exist in the near future. Look at the most technologically advanced countries (Singapore, Japan.etc). The usage of paper money is almost the same as that in the developing nations.
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Gameroid
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May 17, 2017, 04:40:42 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made. exactly. although these digital currencies would make life a lot easier for us, there's no denying the need for a physical currency in our everyday expenses. and accessibility to the internet is not enjoyed by everyone so this would be a big challenge for non fiat currencies to topple. in fact the next generation trend is toward toward online shopping and trading therefore bitcoin can fulfill all their requirement. although there are so many other alt currencies. but the main currency is still bitcoin and still more and more people are using bitcoin for online shopping and investment. |
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chain_chain
Member
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Activity: 65
Merit: 11
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May 17, 2017, 05:50:58 PM |
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I'm not sure about paper, but some physical representation of value will exist forever.
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M Dian syahputra
Newbie
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Activity: 23
Merit: 0
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May 17, 2017, 06:23:52 PM |
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I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.
Bitcoin is good for the fore because the turnaround is very fast |
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Wintorez
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Activity: 109
Merit: 100
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May 17, 2017, 07:23:17 PM |
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I'm not sure about paper, but some physical representation of value will exist forever.
Of course modern fantasy films show the future this is what money people use in the future. But it seems to me that nothing like this will happen and paper money will exist very very long. No one will give real wealth to the hands of the man, but the government will still entrust the equivalent paper to people as it does now. |
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Vikingr
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May 17, 2017, 08:29:47 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made. Yes it is right that the fiat will remain in existence and bitcoin will be used for the future but I do not think that if the states started to implement bitcoin and started to work for its development then any issue will occur to it as the states are more powerful with more money for to spend on it and the development will be more faster for bitcoin. |
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wowanstrong
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May 17, 2017, 10:15:32 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made. Yes it is right that the fiat will remain in existence and bitcoin will be used for the future but I do not think that if the states started to implement bitcoin and started to work for its development then any issue will occur to it as the states are more powerful with more money for to spend on it and the development will be more faster for bitcoin. Bitcoin is a modern trend, I'm more than confident that for example my parents will never give up paper money. So Bitcoin should not react slowly but gradually but the full condition will only work in the distant future, today only the paper currency. |
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chineseprancing
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May 17, 2017, 10:37:47 PM |
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Paper currency were still used even digital currency era has come. Because this currency were symbolize each nation. But I don't think so if the value of paper currency were still stand in the original. Maybe it depends on the fluctuating of digital currency in the market.
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BeGoods
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Activity: 1372
Merit: 1008
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May 17, 2017, 11:57:41 PM |
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I do not think there is a future of paper money. Paper money will have been totally diminished.
Paper money will always exist so that in the event of a breakdown of the Internet, financial calculations can be made. You know that the internet is the main human need today. Even the world's finance in the bank is also dependent on the internet today. Actually already very visible signs that paper money will be replaced |
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mharz
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May 17, 2017, 11:59:54 PM |
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Paper currency were still used even digital currency era has come. Because this currency were symbolize each nation. But I don't think so if the value of paper currency were still stand in the original. Maybe it depends on the fluctuating of digital currency in the market.
I agree with you I think it takes a decades before paper currency were diminish in the market |
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