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Coins and Hardwork
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February 15, 2018, 01:01:18 PM |
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actually bitcoin is better than physical money, and maybe bitcoin will also really be the money of the future. But besides that there are still many people who do not understand about digital money.
You can't blame them. There are a lot of people who do not really know what bitcoin is and other digital currencies. Some of them are busy to their lives, some of them are not interested in such technology and most of them are not really using such technology in their lives and are just using some like radios and mobile phones which I see most of the time in our place since we are just a province in a third world country. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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oreocuy
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Activity: 518
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February 15, 2018, 01:30:06 PM |
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The future of paper money is very good .. Paper money will continue to be used forever .. Paper money has a perfect support system that evolved from year to year that has been very attached to people's lives every day .. I am very confident if it will never be able to replace the money paper ..
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ScroodjMoney
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February 15, 2018, 01:39:04 PM |
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It will take a long time to paper money die and it's a steady progress but some countries already use more credit cards in compare with paper money.
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gabbiee
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February 15, 2018, 01:39:36 PM |
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Paper money will remain in this world. Especially for those countries who banned cryptocurrency in their place. But i think paper money will not use in the future in countries that start cryptos as mode of payment.
You're right, especially when the poverty still exist in this world, paper money will always be there. It will be hard for third world countries to adopt these kind of changes with the way we pay goods and services. It will take a long time before cryptocurrencies will take over paper money, it is not even in the near future. |
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marroxas
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February 15, 2018, 01:42:52 PM |
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I am sure that the future of paper money will continue to improve although the use of digital money continues to increase, this is because all transactions can be done with paper money but not all transactions can be done digital money or cryptocurrency, for example is a transaction in the forest or the middle of the sea that no have internet access.
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Marco Ambrusini
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February 15, 2018, 02:02:38 PM |
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Paper money is practically impossible to eradicate paper money will always show is presence in future too, as the market cap of paper money is huge .it will really take a long time before cryptocurrencies fully take over
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kirana08
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February 15, 2018, 02:11:52 PM |
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It will not be replaced paper money, because from the beginning we have used with paper money and coin money. If one day it will not be completely replaced, because for now where money is everything.
But if time to time with more sophisticated technology alone there could be a change in this case, but I'm sure that possibility is not 100% change.
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buihoa1995
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February 15, 2018, 03:02:36 PM |
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Paper money is still the main currency in daily payments. Do not worry about that.
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conected
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February 15, 2018, 03:04:10 PM |
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actually bitcoin is better than physical money, and maybe bitcoin will also really be the money of the future. But besides that there are still many people who do not understand about digital money.
You can't blame them. There are a lot of people who do not really know what bitcoin is and other digital currencies. Some of them are busy to their lives, some of them are not interested in such technology and most of them are not really using such technology in their lives and are just using some like radios and mobile phones which I see most of the time in our place since we are just a province in a third world country. - Therefore, paper money will still exist and continue to be widely used in the future, many people prefer to use paper money rather than digital money, this is a sure thing when we see the number of people knowing about bitcoin and the crypto world is very low. The convenience of paper money is nothing can replace, modern technology only creates more trouble for users, so users will always choose things that are simple and easy to use, this is the reason that makes paper money only change in form over the years but never disappears |
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zhelis74
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February 15, 2018, 03:45:34 PM |
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Paper money is practically impossible to eradicate paper money will always show is presence in future too, as the market cap of paper money is huge .it will really take a long time before cryptocurrencies fully take over
Well, our world is really fast in technology innovations. Did you ever notice that most of malls and gasoline stations or mostly everywhere in monetary transactions are already using digital transactions by using such electronic cards? then maybe that is where our world will be, a great feasibility exist because of the world is now interconnected and in the next coming generations paper money will slowly abolished and digital transaction will lead the way. |
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shanksluffy
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February 15, 2018, 03:57:25 PM |
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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?
Paper money I think will gone and government think that paper money are wasting of resources like tree that's why cryptocurrency is the best currency when the paper currency is useless. |
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Andrej Peiboski
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February 15, 2018, 04:06:07 PM |
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There is a lot of useless discussion about this subject: even if bitcoin will have a general acceptance (and I think this will take a lot of time) there will be a part of population that for different reason will continue to use paper money (in the same way that - even if car exist - lot of people prefer to walk)
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cavaBcoin
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February 15, 2018, 04:13:58 PM |
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Many people on this forum said that Bitcoin will soon replace paper money in the near future and i think it is difficult to happen because bitcoin is existing many problem which make bitcoin can't wide application in the life, example speed transaction is too slow. Altcoins which overcome the problem of bitcoin in the future but to replace paper money then i think we need more 100 years anymore when society of human is total automatic by machine.
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reverseflash
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February 15, 2018, 07:40:45 PM |
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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?
Paper money I think will gone and government think that paper money are wasting of resources like tree that's why cryptocurrency is the best currency when the paper currency is useless. That's is only for conducting cash transactions based on the cryptocurrency, you need a very advanced technical base, intuitive even for a person who does not know how to work with modern technologies. |
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yulchatar
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February 15, 2018, 08:22:25 PM |
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Paper money will remain in this world. Especially for those countries who banned cryptocurrency in their place. But i think paper money will not use in the future in countries that start cryptos as mode of payment.
You're right, especially when the poverty still exist in this world, paper money will always be there. It will be hard for third world countries to adopt these kind of changes with the way we pay goods and services. It will take a long time before cryptocurrencies will take over paper money, it is not even in the near future. It will be necessary to provide these countries with the necessary equipment, as well as to spend time for learning people. This will require a lot of time and very high costs. Therefore, I think that paper money will not disappear very soon. |
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Cryptophorus Columbus
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February 15, 2018, 10:48:41 PM |
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Who knows, money evolved in so different ways in the last 5.000 years that it's difficult to make predictions.
Very likely, some "world government" will put a tattoo with a QRcode on the arm, and we'll pay with it.
It's written in Bible...
"And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name."
Revelation Chapter 13, 17/18
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Cardan0
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Activity: 182
Merit: 10
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February 15, 2018, 10:54:38 PM |
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The "paper money" is still in very healthy conditions and it seems like it will stay like that for a long time. It is quite resistan for everyday use... no tech, no problems,...
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Cardan0
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February 15, 2018, 10:56:02 PM |
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completely paper money will not go away, this process is very slow, especially in the underdeveloped countries. in my own way exactly in 100 years)
With technology everything can be fast, now many studies to use digital money, and I think no more than 50 years paper money will disappear, and with bitcoin seems to be faster. The problem with technology is that it has many single points of failure for everyday use, so not a big deal to keep paper for that. Bitcoin will rule its own kingdom. |
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destroyer01
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February 15, 2018, 11:38:47 PM |
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Digital currency will replace paper money. If we are talking about the means to which we use currency, then yes, paper money will be replaced by digital currency. But I do not mean that something like Bitcoins will replace traditional currency. I am speaking of transactions that use something like a debit card or credit card.
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Kramblerty
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Activity: 266
Merit: 15
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February 16, 2018, 12:00:56 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?
This is what will happen inavitably. Every company will be having its coins...there will not be fiat currencies related to georgaphy (countries). Instead, there will ctyprocurrencies of the function (utility) with no boarders. |
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