Bingooop
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August 18, 2017, 05:01:24 PM |
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If it's something made by the government or by banks then you should definitly know that it won't be private and they will have control of everything just like the banks right , nothing much will change . and for what comes to the Paper money I don't think it will dissapaear , maybe on some countries yes but worldwide ?definitly not because some countries don't even use Credit cards for their transactions so ... yep
In future bitcoins are going to take on all the currency as it gonna become the most valuable currency in the world and also the world market day by day so I think I will be in Bollywood movie
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Lieldoryn
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August 18, 2017, 05:11:57 PM |
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The future of paper money will never be replaced even though bitcoin will become increasingly popular among the people, as paper currency in each country has a more valuable historical value. Local people in the future will continue to use paper currency as the primary payment symbol in each country.
It all depends on the position of the state. Just a volitional decision to paper money disappeared. All wages and allowances will only be issued to a Bank card and cash at receipt in Bank are withdrawn from circulation.
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dali_masmoudi
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August 18, 2017, 05:31:46 PM |
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I think that the paper money will last forever. It is the easiest way to do transactions. Because Cryptocurrencies is so complicated and need a lot of resources ( internet and ... ). But the paper money is more simple.
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krisnt80
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August 18, 2017, 10:14:34 PM |
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I don’t see paper money keep being printed as todays, in the future we will use digital money for all things, cryptocurrencies are an example of how the future will became on the next 50-100 years, we do a lot things online already soo its normal we move into digital currencie.
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kuryadi
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Merit: 100
Buglab.io
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August 18, 2017, 10:25:46 PM |
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I think the users of paper money will not be banned and will still be used. It's just that enthusiasts of paper money in the future will be few. Life in the future will be very instant. As well as in payments. Future banknotes will no longer be used. People prefer to use digital money from paper money because it is easier to use and not heavy to carry the digital money. Digita money will be used more often by companies and stores because the transaction is faster and easier.
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batang_bitcoin
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August 18, 2017, 10:34:12 PM |
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I don’t see paper money keep being printed as todays, in the future we will use digital money for all things, cryptocurrencies are an example of how the future will became on the next 50-100 years, we do a lot things online already soo its normal we move into digital currencie.
They are being printed by the central banks and it will always be. As long as the state will not declare to stop printing they will keep on operation. I also guess that they are trying to consider now to improve and upgrade with the current phase of technology. Things are being transact now through digital, computer so digital money will be in and paper money will be out.
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justmaketoken
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August 18, 2017, 10:54:23 PM |
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I don’t see paper money keep being printed as todays, in the future we will use digital money for all things, cryptocurrencies are an example of how the future will became on the next 50-100 years, we do a lot things online already soo its normal we move into digital currencie.
They are being printed by the central banks and it will always be. As long as the state will not declare to stop printing they will keep on operation. I also guess that they are trying to consider now to improve and upgrade with the current phase of technology. Things are being transact now through digital, computer so digital money will be in and paper money will be out. Maybe there is a way to tie cash to a decentralized stable cryptocurrency
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Gameroid
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August 18, 2017, 11:13:05 PM |
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I don’t see paper money keep being printed as todays, in the future we will use digital money for all things, cryptocurrencies are an example of how the future will became on the next 50-100 years, we do a lot things online already soo its normal we move into digital currencie.
i think we cannot ignore the importance of paper money in near future. i think it will run for a long time because majority of people still do not know about bitcoin. and they will continue using fiat paper for a long long time.
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stergium
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August 18, 2017, 11:37:55 PM Last edit: August 22, 2017, 12:13:19 AM by stergium |
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I don’t see paper money keep being printed as todays, in the future we will use digital money for all things, cryptocurrencies are an example of how the future will became on the next 50-100 years, we do a lot things online already soo its normal we move into digital currencie.
They are being printed by the central banks and it will always be. As long as the state will not declare to stop printing they will keep on operation. I also guess that they are trying to consider now to improve and upgrade with the current phase of technology. Things are being transact now through digital, computer so digital money will be in and paper money will be out. yes that is right that it will continue for a long time, may be for centuries, because it is not possible to stop using fiat at once, i think it can only be possible when all the people of the world start using bitcoin and they stop using fiat at once. but i think it is not so easy i think it will take decades.
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batang_bitcoin
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August 19, 2017, 05:30:51 AM |
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I don’t see paper money keep being printed as todays, in the future we will use digital money for all things, cryptocurrencies are an example of how the future will became on the next 50-100 years, we do a lot things online already soo its normal we move into digital currencie.
They are being printed by the central banks and it will always be. As long as the state will not declare to stop printing they will keep on operation. I also guess that they are trying to consider now to improve and upgrade with the current phase of technology. Things are being transact now through digital, computer so digital money will be in and paper money will be out. Maybe there is a way to tie cash to a decentralized stable cryptocurrency There's no way, it will be against to the ruling of the government. We know that the government is the one to implement centralized things and in terms of paper money, they are responsible of it. And that's why I am sure of that they can't tie cash to decentralized crypto currency as that will be subject to the rule of the state.
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superplus
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August 19, 2017, 05:38:52 AM |
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Nah, I don't see it dissapearing. Sure we got e-currencies, but that's all traceble. People who care about anonimity would want to stash it in somewhere.
Not just the criminals, but also regular people. Isn't it our right to manage and maintain our own money where and how we want?
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chrisst
Jr. Member
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Merit: 10
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August 19, 2017, 06:24:18 AM |
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The future of paper money is good and promising but at my opinion it's much better than digital money on many reasons
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Natalim
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August 19, 2017, 10:07:55 AM |
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The future of paper money is good and promising but at my opinion it's much better than digital money on many reasons
I believe the demand of paper money in the future will be lessen because the trend today is already a digital currency and with digital currency it's more secured to us people so we will be confident to transact online. People will be educated in the future especially if the government will support crypto currencies as well.
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Wapfika
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August 19, 2017, 10:24:56 AM |
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The future of paper money is good and promising but at my opinion it's much better than digital money on many reasons
I believe the demand of paper money in the future will be lessen because the trend today is already a digital currency and with digital currency it's more secured to us people so we will be confident to transact online. People will be educated in the future especially if the government will support crypto currencies as well. It will be much easier ,but it will take long time since there are few stores still that accepts btc. In my country it jist in transaction center not on buying stuffs.
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Dr.Osh
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Merit: 1004
Buzz App - Spin wheel, farm rewards
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August 19, 2017, 10:45:08 AM |
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The future of paper money is good and promising but at my opinion it's much better than digital money on many reasons
I believe the demand of paper money in the future will be lessen because the trend today is already a digital currency and with digital currency it's more secured to us people so we will be confident to transact online. People will be educated in the future especially if the government will support crypto currencies as well. You're right, because now bitcoins have a higher value than paper money that has spread. But I'm not so sure that bitcoin will be famous and as popular as paper money in the near future, because there are still many people who seek and need it.
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Bowly88
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August 19, 2017, 11:19:07 AM |
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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?
I think the era of the paper money will soon be vanished. And that is the time that the digital currency will start to run the currency business and there will be no paper money anymore but instead a virtual cash which is very easy to use and to bring. You can now bring millions of cash without bringing a lot of cash and without that feeling of they might get ut from you because virtual currency are very secured. But despite from that there will always be a negative effect.
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jameshowlett
Sr. Member
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Activity: 338
Merit: 250
Asura – Self Sustainable eSport ecosystem
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August 19, 2017, 11:23:44 AM |
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The future of paper money is good and promising but at my opinion it's much better than digital money on many reasons
I believe the demand of paper money in the future will be lessen because the trend today is already a digital currency and with digital currency it's more secured to us people so we will be confident to transact online. People will be educated in the future especially if the government will support crypto currencies as well. It will be much easier ,but it will take long time since there are few stores still that accepts btc. In my country it jist in transaction center not on buying stuffs. well, many countries are learning bitcoin and bitcoin will soon be implemented to the world payment system. Your country is the same as mine but I do have a big hope that bitcoin will appear everywhere on the street. Due to a huge demand of the people, bitcoin will be introduced within a few year
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WatchMaker
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PUFFY FINANCE
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August 19, 2017, 11:41:21 AM |
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Bitcoin is the currency of the future because is decentralized, fast, and secure. Well, paper currency will survive but it will be less important in the future.
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futuret
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August 19, 2017, 06:32:02 PM |
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I'm sure, no more than 50 years paper money will disappear, this is because today many countries are transitioning transactions from cash (paper money) to digital, so slowly paper money will be disappear.
no doubt the life of the paper money is left very short now because it is the digital era and we are living in the age of the computers, bitcoin is the digital currency and it is easy to use than the paper money it is easy to carry and very reliable to use .bitcoin is being popular on every level of the life it is being a source of income and a source of easy payment as well so we can buy thing and can pay the bills with bitcoin so it can easily replace the paper money in a very near of the future.
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Kisanaq
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August 19, 2017, 09:06:38 PM |
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Time is constantly changing with human problems and needs, people just barter but because people continue to grow then they use paper money and bank, now everything must be practical and bitcoin will replace paper money.
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