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Author Topic: The future of the paper money  (Read 414982 times)
buternasek
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April 16, 2018, 03:02:48 PM
 #5701

The future of paper money seems to be stable, the only thing that would affect paper money would be the inflation rate, if the inflation rate is higher then it would loose all its value and people would prefer to hold more bitcoin rather then fiat.

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April 16, 2018, 04:24:13 PM
 #5702

good news for bitcoin users, but I think bitcoin will not replace paper money, because there are still many countries that have not known bitcoin and also have not been interested in bitcoin ..

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April 16, 2018, 04:33:40 PM
 #5703

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 believe that if the growth of cryptocurrency will still continue even in the future then there will be a huge chance for fiat to be removed since most of the countries has already a plan to live a cashless nation in the future.

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April 16, 2018, 07:08:09 PM
 #5704

The future of paper money is on the "tightrope" because technology is advancing, although I do not think it will disappear soon since technology does not work in all parts of the world but it will be possible in a few decades later.
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April 16, 2018, 08:13:11 PM
 #5705

The future of paper money is increasingly uncertain, it is true that it is the identity of each country, but it is also true that technology has advanced enough to continue depending on the role.
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