Will future paper money disappear?

[bitcub]

Absolutely, fiat or paper money will be obsolete very soon.  We are going cashless. Digital currency are now introduced slowly. Soon money will be transact via computers or mobile.

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[bitkanu]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

I think that is quite impossible to happen. Bitcoin is made to aide paper money so it could be in its best form. Bitcoin is an aide but it also have flaws itself. It has so many holes and that is why we experience a very volatile cryptocurrency. The acceptance rate is still low considering its big boom last year. It has good characteristics yet nome of those can give an independent form of currency, independent in a sense that it would not need paper money anymore.

The volatility is not a hole, the market is still young with relatively low market capitalisation and NOT get backup by the government or organisation so basically it's like the condition of gold market when gold is first found.
Just if there's more capital come to bitcoin, it will surely become less volatile and immune to market manipulation.

[Viyamore]

No fiat won't disappear, maybe if poverty is stopped because not everyone could afford to own crypto wallet and others aren't that knowledgeable enough to understand how crypto works. Plus it'll be harder to determine the real value of bitcoin/crypto if fiat suddenly disappears. Paper money still has some pros for example when there's no power in your place.

At some point in the financial system's evolution and the advancement of technologies aiding banks to better serve their customers, paper money will be used less and less until money printing obsoleted.

But what replaces it will not be what you think. It will be a centralized digital currency issued by the central bank which is not private, not immutable and not under your control.

I get what you are saying. But the fact that bitcoin may replace the fiat system is quite hard to really happen because it is not yet accepted by the government. The acceptance of people have great advantage but it does not guarantee that it can replace anything that the government have set. Besides, if this will have, this has to be implemented to the whole world.

[Harleybtc01]

No fiat won't disappear, maybe if poverty is stopped because not everyone could afford to own crypto wallet and others aren't that knowledgeable enough to understand how crypto works. Plus it'll be harder to determine the real value of bitcoin/crypto if fiat suddenly disappears. Paper money still has some pros for example when there's no power in your place.

At some point in the financial system's evolution and the advancement of technologies aiding banks to better serve their customers, paper money will be used less and less until money printing obsoleted.

But what replaces it will not be what you think. It will be a centralized digital currency issued by the central bank which is not private, not immutable and not under your control.

I get what you are saying. But the fact that bitcoin may replace the fiat system is quite hard to really happen because it is not yet accepted by the government. The acceptance of people have great advantage but it does not guarantee that it can replace anything that the government have set. Besides, if this will have, this has to be implemented to the whole world.

Yes its right, paper money is difficult to disappear for it has established a lot. Using crypto in our daily lives maybe hard for we always need an internet connection and electricity, some people dont have these. So lets not be selfish about it, there are advantages of using crypto but there are more advantages using paper money.

[LogitechMouse]

I don't think this will happen in the next years or decades. Paper money has been used by all of the people worldwide and it has been used in all of the transaction in the world.

I don't see paper money to disappear but rather both paper and digital money will be use in the future so that if people who don't have access into internet then they can use paper money to buy something and vice-versa.

[Sled]

I don't think this will happen in the next years or decades. Paper money has been used by all of the people worldwide and it has been used in all of the transaction in the world.

I don't see paper money to disappear but rather both paper and digital money will be use in the future so that if people who don't have access into internet then they can use paper money to buy something and vice-versa.

We are in the world of technology right now and we are slowly evolving and i think that the government already notice that kind of behavior for this era. So we can easily expect that the paper money will surely evolve to and maybe they will make it digital to make things easier and more convenient and that is how paper money will disappear.

[yusupjatigumilar]

I think so, because if in the future continue to use paper money then the forest inventory on this earth will be exhausted because it continues to be used as a material of paper money, and we know what will happen if the world without forest. but if we use digital money, there will be no more tree felling for making paper money, so this digital money is considered more environmentally friendly

[BigBos]

I think so, because if in the future continue to use paper money then the forest inventory on this earth will be exhausted because it continues to be used as a material of paper money, and we know what will happen if the world without forest. but if we use digital money, there will be no more tree felling for making paper money, so this digital money is considered more environmentally friendly

I am sure paper money will not be disappear, and will still be used. paper money is now the ideal form of money. in addition to being easy to under, it has also become a habit, and the whole world is using paper money as a medium of exchange.

[enwi]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

I think bitcoin will not be able to replace paper money because every country has a different currency and not everyone can access bitcoin and use bitcoin so paper money will still be a currency that will always be used and accepted anywhere as payment

[Raja_Salman]

I think so, because if in the future continue to use paper money then the forest inventory on this earth will be exhausted because it continues to be used as a material of paper money, and we know what will happen if the world without forest. but if we use digital money, there will be no more tree felling for making paper money, so this digital money is considered more environmentally friendly

I am sure paper money will not be disappear, and will still be used. paper money is now the ideal form of money. in addition to being easy to under, it has also become a habit, and the whole world is using paper money as a medium of exchange.

basically money is having a form and real and it is in paper money. this money will still exist even though the development has advanced. even if btc in legalkan banknotes will remain

[gunungkembar]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

yes you are right the future of paper money will disappear because the condition of paper money for the transaction seems now is not too safe and not too efficient, as the development of advanced digital currency technology to be the right solution.

[LuffyD.Monkey]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

People will just give you the YES answer without even thinking twice on the possibilities of such taking place. Such thing will never happen, no matter how advanced the technology or whatever internet blahblahblah… just know that it won’t be happening cause paper money is very important, they are even the main money cause they have been around before we even started talking about internet and techs. A world where there is no paper won’t be in favor of most people. You yourself won’t like it.

[alexsandria]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

In my opinion bitcoin will never replace paper currency. Paper currency has a never changing value and thats what makes it dependable. Bitcoin can be an alternate way to pay from different stores, but it is far from replacing a countries money. Paper money can only be removed if electronic currency will be possible.

[MAJICOIN]

i think paper money is also playing a vital role in the country economy and like the paper money is using for the poor people and those who are not able to use internet they are unable to do any thing with crypto and i would like to use crypto for the future payments and the paper money will be used for offline transaction while the crypto will be use for online transactions.

[cmacwiz]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

In my opinion the answer is yes. But it take some years to happen . Because many still not know how to use online money and what benefit provide by it. And many people in developing country still not have a bank account. In this Morden society digital currency is highly use then that of fiat currency. Because it is safe, secure and its transaction is uninterrupted. Digital currency are easily accessible anywhere anytime. Many government encourage their people to use digital money like Bitcoin or their country own currency in digitally by smart phone application, debit card, credit card etc. 

[pathapoddo]

I am sure that in future Bitcoin will more popular and the paper money will be no more, it can be placed in museum only.

[stayeduptolate]

With the development of cryptocurrency, more and more places accept bitcoin. In the future, will paper money disappear, and the money that people earn will be given to you in encrypted form, and the purchase will be paid in encrypted form?
Please give your opinion.

It’s true that bitcoin has gained a lot of popularity and users since it had started but still I don’t think that bitcoin will be able to replace paper money and because of bitcoin paper money will come to an end this is because firstly, paper money is way more popular than bitcoin and also it has way more users than bitcoin. Then paper money is accepted everywhere whereas bitcoin is not accepted everywhere. Then people trust paper money whereas they don’t trust bitcoin.

[babyaia]

It maybe disappear paper money but I think it will take a long process to be done before it will replace to bitcoin,there are many things to consider in changing paper money to bitcoin.

[Raufjoze]

in my opinion it is not possible, although now cryptocurrency is growing I am sure the existence of paper money will still exist. because although this paper money has been in use since the first, and paper money is easy to use. Traditional people also do not understand about Bitcoin, but they prefer to use paper money!

Currently there are still countries that oppose cryptocurrency and what makes crypto difficult to replace fiat easily. I do not think fiat will disappear in the future given the fact that bitcoin has not yet reached global acceptance

[mOgliE]

Hi,

This would be interesting, indeed!

But I don't think this is possible for the moment, and even in the near future. Using encrypted money for big transactions is interesting, but I don't think it is convenient for daily shopping.

So, I see your idea but... paper money and metal coins still have some time!