The Future of Money?

[mirakal]

Most likely everything will be digital in the future so paper money will disappear and everything also in real stores will be payed with digital money, we all will have our phone for it or a simple card.

The future is actually going to be more digital as we can see that happening everyday, but we cannot be sure if bitcoin will be the digital system adopted in place of paper money or the governments will make their own digital systems that will be implemented on us.

Yeah paper money would still be around and a lot of countries most likely would still have paper money as their main currency especially poor countries. It's highly possible that digital currency would be widely used in the future but paper money for me would be be a strong currency

In the future, digital currency is the trend but only for the corporate people, there are a lot of people who does not have the idea of using bitcoin and for sure they are comfortable with the money they are using. So probably, paper money will still be use, we need to educate people to use bitcoin and not all can understand.

[millgates]

I think people in the future will leave fiat as money, they will back to use gold anymore. Becouse gold is more worth. Gold is better than anything as a money. Gold value is not depend on the strenght of political country.

[arseaboy]

I think people in the future will leave fiat as money, they will back to use gold anymore. Becouse gold is more worth. Gold is better than anything as a money. Gold value is not depend on the strenght of political country.

It's possible but not in this millenium. There are still countries that hasn't been develop when it comes to technology.. especially those who lives in mountains and such.. so they still need cash. Gold value can flactuate like bitcoin value and they depends on the value of USD (money) no matter what.

[SvenBomvolen]

I think people in the future will leave fiat as money, they will back to use gold anymore. Becouse gold is more worth. Gold is better than anything as a money. Gold value is not depend on the strenght of political country.

It's possible but not in this millenium. There are still countries that hasn't been develop when it comes to technology.. especially those who lives in mountains and such.. so they still need cash. Gold value can flactuate like bitcoin value and they depends on the value of USD (money) no matter what.

   Yes, some countries are behind the modern world, but that can exactly be the reason for them to accept bitcoin even faster then modern countries. Fiat will disappear in this shape as fiat exist today, one day everything will be digital, that is clear to everyone. Bitcoin can be one of the currencies that will exist in future, its young and there is a years for bitcoin to adopt and improve.
   Gold will be one of precious metals and that will always have some value, and yes now gold and bitcoin are connected with price of dollar, but that can change for 50 years.

[Yakamoto]

I think people in the future will leave fiat as money, they will back to use gold anymore. Becouse gold is more worth. Gold is better than anything as a money. Gold value is not depend on the strenght of political country.

It's possible but not in this millenium. There are still countries that hasn't been develop when it comes to technology.. especially those who lives in mountains and such.. so they still need cash. Gold value can flactuate like bitcoin value and they depends on the value of USD (money) no matter what.

Uh

Are you sure that you meant millennium? You're saying that we still won't have a way to get the people out of poverty and the third world by 3000. Like, 10x longer than anyone born in 2000 will live, based on current statistics. That's 984 years...

Maybe half-century, but chances are we're going to see people everywhere get developed by 2050+. As long as everything goes well.

[goldcoinminer]

I think people in the future will leave fiat as money, they will back to use gold anymore. Becouse gold is more worth. Gold is better than anything as a money. Gold value is not depend on the strenght of political country.

It's possible but not in this millenium. There are still countries that hasn't been develop when it comes to technology.. especially those who lives in mountains and such.. so they still need cash. Gold value can flactuate like bitcoin value and they depends on the value of USD (money) no matter what.

Uh

Are you sure that you meant millennium? You're saying that we still won't have a way to get the people out of poverty and the third world by 3000. Like, 10x longer than anyone born in 2000 will live, based on current statistics. That's 984 years...

Maybe half-century, but chances are we're going to see people everywhere get developed by 2050+. As long as everything goes well.

You are talking of a long future, probably we are all gonna die during that time. But for me, I will stand on what I believe and I believe that paper money will not be gone in the circulation as it has been here for so long and we use paper money for our day to day transaction.

[DrGuns4Hands]

I think people in the future will leave fiat as money, they will back to use gold anymore. Becouse gold is more worth. Gold is better than anything as a money. Gold value is not depend on the strenght of political country.

well if you're talking about Goldbar . goldbar is so Rare right now. that's why they invented the fiat system for our economy to produce and goes to cycle. i think the future is the digital cryptocurrency like bitcoin. bitcoin is having his run now now it's 2016 im still waiting for the future where all people gonna use bitcoin as digita currency.

[BobK71]

I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.

Never say never. There was no single country which was very powerful in the Euro zone. Yet, we did see the Euro replace the lira, drachma and the deutsche mark.

The euro was made possible by the power and size of the France-Germany axis.  France was able to get Germany to agree to the euro by agreeing to German reunification.  If power was more dispersed across Europe, I'm not so sure if the euro would have been born.

As I mentioned, modern money is a political as much as an economic product.  And politics is not looking good for the dollar-based system (or any future IMF-based system which is really the same thing in a different guise) after this US election!

[BobK71]

I think it is very unlikely that we will see a worldwide crypto currency issued by a central bank since that will require a government so powerful that it can impose his will above the will of the other countries and while the U.S is very powerful is not that powerful.

It is possible if the central bank finds a way they can still control the crypto currency.

Central banks only care about if they can control the currency they issue, they don't care too much whether it is crypto or not.

The last 400 years of modern money and finance shows that central banks can use a small amount of hard money (gold, silver, and maybe Bitcoin in future) to enable themselves to issue a large amount of currency (by 'backing' the currency.) 

The whole idea of the gold and silver standards (up until 1971) was to suppress the value of the hard money by selling the amount they held at a fixed price.  The goal of this suppression was to enable the elites to benefit from issuing currency and debt out of thin air.

The softer gold standards since 1914 and the fiat system since 1971 turned out to be more difficult to hold together, and so this argues for going back to a hard peg against a hard money.

If they do that, the price of the hard money will have to be much higher to keep the peg stable.

[BobK71]

I think people in the future will leave fiat as money, they will back to use gold anymore. Becouse gold is more worth. Gold is better than anything as a money. Gold value is not depend on the strenght of political country.

well if you're talking about Goldbar . goldbar is so Rare right now. that's why they invented the fiat system for our economy to produce and goes to cycle. i think the future is the digital cryptocurrency like bitcoin. bitcoin is having his run now now it's 2016 im still waiting for the future where all people gonna use bitcoin as digita currency.

It is a question of the gold price level.

The Great Depression era's gold standard had a shortage of gold and became an economic problem because the price of gold was too low given the amount of paper wealth in circulation at the time.  The more paper circulating, the higher the gold price must be to maintain stability and prosperity.

The bankers and central bankers had issued too much paper, so the only way to stabilize the system after a crisis of confidence was to raise the price of gold.  But they didn't want to do that, since it would have made their theft too obvious.  (So they allowed the Great Depression instead.)

Today, if they want to (or have to) go back to gold, they will have to allow a much higher price of gold.

[Umigokath]

The future of the money is pretty good but no one knows that is really gonna happen with it of course because its something that we cannot predict.
The bitcoin can maybe be a global currency but we are right now still far from that.

[Doamader]

The only thing its slowly being implemented is the digital, banks are providing services for we from home handle any questions and problems, we can user our phone to pay bills from home, and any transaction, soo i believe further we will be into the digital era, where all will have one phone and internet will be free for all.

[South Park]

The amount of trees cut to issue paper money is a non-issue. We could just have higher denomination notes. In any case, most fiat notes are printed on polymers/plastics these days. So that will not be a reason for the adoption of crypto currencies.

But digital currencies must be environmental friendly in this sense. When we are already switching over to ebook and digital magazines for reason of deforesting, why not currencies alone still in physical format even it is printed on plastic substitutes (polymers may lead to severe pollution issues).

that will not be a reason for the adoption of crypto currencies.

But, we could use this environmental friendly reason to fasten the adoption of crypto currencies.

Miners use a big amount of energy so much in fact that the cost of the equipment is not the most important aspect but energy costs, so I don't know how environmental friendly cryptocurrencies  actually are.

[usefrees]

The future of the money is pretty good but no one knows that is really gonna happen with it of course because its something that we cannot predict.
The bitcoin can maybe be a global currency but we are right now still far from that.

and I think that to forecast relatively centralized currency everyone can. It will remain in use. Though it will be subject to inflation. And cryptocurrency account - is difficult to predict

[millgates]

A lot of country are get in mainstream of use digital currency and leave paper money. People are angry with a lot of government member who doing corruption of tax. So I think people will leave paper money and start to use gold or digital money.

[deisik]

The amount of trees cut to issue paper money is a non-issue. We could just have higher denomination notes. In any case, most fiat notes are printed on polymers/plastics these days. So that will not be a reason for the adoption of crypto currencies.

But digital currencies must be environmental friendly in this sense. When we are already switching over to ebook and digital magazines for reason of deforesting, why not currencies alone still in physical format even it is printed on plastic substitutes (polymers may lead to severe pollution issues).

that will not be a reason for the adoption of crypto currencies.

But, we could use this environmental friendly reason to fasten the adoption of crypto currencies.

Miners use a big amount of energy so much in fact that the cost of the equipment is not the most important aspect but energy costs, so I don't know how environmental friendly cryptocurrencies  actually are.

They are as environmentally friendly (or unfriendly, for that matter) as the sources of electric power that miners supply their equipment with. The total majority of miners are said to be located in China, where the main source of electricity today still remains plain old burning of coal at power plants (over 60% of generating capacity in China). Coal power plants are one of the dirtiest sources of electric power, if not outright the dirtiest one among all other sources of electricity out there that are in operation today...



So I don't think that mining is very friendly toward environment overall

[X-ray]

A lot of country are get in mainstream of use digital currency and leave paper money. People are angry with a lot of government member who doing corruption of tax. So I think people will leave paper money and start to use gold or digital money.

if people are leaving paper money in purpose to avoid tax because as you know tax are corrupted by the government,then the country will be doomed,will become an instant poor country with ultra low income which end up make them suffering a lot

[olubams]

A lot of country are get in mainstream of use digital currency and leave paper money. People are angry with a lot of government member who doing corruption of tax. So I think people will leave paper money and start to use gold or digital money.

Whether the people like it or not the government will continue to have its way because without government there we are calling for anarchy.  The fact that people dont trust government with taxes and so they will switch to other forms of currency wont work because its either government finds its way to get its taxes from that new source by making laws to cover it or if that is not possible, government will ban everything all together and force people back to the initial position with adequate punishment in the case of disobedience. Either way, government still wins...

[choppork]

A lot of country are get in mainstream of use digital currency and leave paper money. People are angry with a lot of government member who doing corruption of tax. So I think people will leave paper money and start to use gold or digital money.

Whether the people like it or not the government will continue to have its way because without government there we are calling for anarchy.  The fact that people dont trust government with taxes and so they will switch to other forms of currency wont work because its either government finds its way to get its taxes from that new source by making laws to cover it or if that is not possible, government will ban everything all together and force people back to the initial position with adequate punishment in the case of disobedience. Either way, government still wins...

I don't think so. There are ways for you to become anonymous online. Even if they do ban it, it would be hard for them to trace you and there are other things they should worry about. They will not arrest you in particular just because you used bitcoins. It should be something heavier than that.

There will always be people that use fiat. Even bitcoin users will use fiat in the future. We would still be paying tax. No need for them to do desperate moves just to get tax out of bitcoin users because the majority of people will still not use bitcoins primarily.

[arwin100]

A lot of country are get in mainstream of use digital currency and leave paper money. People are angry with a lot of government member who doing corruption of tax. So I think people will leave paper money and start to use gold or digital money.

Whether the people like it or not the government will continue to have its way because without government there we are calling for anarchy.  The fact that people dont trust government with taxes and so they will switch to other forms of currency wont work because its either government finds its way to get its taxes from that new source by making laws to cover it or if that is not possible, government will ban everything all together and force people back to the initial position with adequate punishment in the case of disobedience. Either way, government still wins...

So do you think.government trace out now? Where anonymous here and government surely will get a hard time to cath us and make us pay some taxes for our ventures here since we doesnt give any details to anyone, and from the startnofnusing bitcoins i didn't really sue by them and force me to pay those fucking taxes, and thats one of the reason why i dont believe government well win on searching people in this crypto industry.