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Author Topic: Will future paper money disappear?  (Read 2403 times)
Rhaizan
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March 24, 2018, 09:51:16 AM
 #41

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.

No, in my opinion paper money will never disappear.
Yes you are right the development of CryptoCurrency was increase and some palaces are accepting bitcoin, but we know that there's country bitcoin is banned. And also sometimes the internet connection are slow and have a problem with it. So impossible that the paper money will disappear.
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March 24, 2018, 10:01:30 AM
 #42

crypto currency is needed by human in the future and people will it already facilitie so I think cryto currency will not makes paper money and dissapeon because the volotilit will prevent merchantss to accpt them


There are some countries where it is isolated where internet doesn't reach. Some are too poor not to afford the expensive network to have internet. If paper money will disappear some people will not able to have the electronic currency that will exis causing them to be left behind. If this will be implemented in the future many factors must be considered.
Every year the Internet becomes more accessible. In poor countries, the price of network access services is lower than in developed countries. A few decades ago, a mobile phone was a luxury. Now mobile phones are used even by the inhabitants of wild tribes in the jungle. I am sure that Elon Musk will realize his idea to make the Internet accessible anywhere in the world and our smartphones will be our wallets, passports, notebooks, etc.
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March 24, 2018, 10:19:48 AM
 #43

I never subscribe to that fact where paper money or Fiat generally shall later in future disappear and to be replaced by Bitcoin or Cryptocopin generally. We should remember that Bitcoin is an on line Currency with different but intrinsic features to the Fiat. So many people around the world accepted and are using the paper money as their legal tender, where Bitcoin has not met such features because it is still struggling to be accepted by all. Also, Paper money is generally known and Bitcoin is still found wanting with respect to this. Inferring my conclusion however, no paper money shall dissipater in future like that, but there might be Collaboration

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March 24, 2018, 10:34:49 AM
 #44

Maybe, in the future that is not so near, paper money might disappear. But, for now, people tend to have their security in owning something if they can hold it physically. Even so, cryptocurrency is a big thing but it taking over the entire banking system is not that powerful yet.

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March 24, 2018, 10:36:00 AM
 #45

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.
For my own opinion, it is not easily to be disapear, papet money is the most popular money all over the world, but it has a possibilty to be un useful because of digital currencies.

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March 24, 2018, 10:38:52 AM
 #46

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.

That was a great idea if ever happened. Maybe in the future paper money are just only a history if all paper money converted to crypto currency. But how about the third world country, the people who know about crypto they will agree or not?
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March 24, 2018, 10:53:10 AM
 #47

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.

We can't totally say that it would actually disappear though, well maybe in the future but we still needed the fiat money or the paper money, how can the beggars or the homeless be given through bitcoin?, well i think that is impossible so i guess no , it paper money will not be disappear.

 
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March 24, 2018, 11:01:14 AM
 #48

i think so, with the rapid increase of internet using in our daily life and as we know that internet will take over and become a major part of our life, the concept of money paper therefore is just become out of place, because everything is just one click away, there will be no place for paper money and other, and replacing paper money is also good for environmental.
Sorry for contradicting you but I think fiat currency will not vanish and majority replaced by crypto, not this near future. Actually, paper money remains much better to use rather than cryptocurrency because it doesn't require digital wallet apps (which have usenames, passwords and private keys) and Internet connection at all, it is mainly made of a paper yet provides a convenient tool for dealing with daily transactions.

The invention of crypto was absolutely awesome because this is a technological breakthrough for us but I think it is not yet ready to replaced our current monetary system for the reason that many still oppose to its concept and besides we can still see loopholes from it.  
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March 24, 2018, 11:12:33 AM
 #49

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.

nah paper currency will disappear in the future because the paper currency is considered not too efficient for the transaction because it has a lot of risk and paper materials will also run out while the digital currency in my opinion is the answer of the future currency.

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March 24, 2018, 11:16:57 AM
 #50

i think so, with the rapid increase of internet using in our daily life and as we know that internet will take over and become a major part of our life, the concept of money paper therefore is just become out of place, because everything is just one click away, there will be no place for paper money and other, and replacing paper money is also good for environmental.
Sorry for contradicting you but I think fiat currency will not vanish and majority replaced by crypto, not this near future. Actually, paper money remains much better to use rather than cryptocurrency because it doesn't require digital wallet apps (which have usenames, passwords and private keys) and Internet connection at all, it is mainly made of a paper yet provides a convenient tool for dealing with daily transactions.

The invention of crypto was absolutely awesome because this is a technological breakthrough for us but I think it is not yet ready to replaced our current monetary system for the reason that many still oppose to its concept and besides we can still see loopholes from it.  
Cryptocurrencies will never replace national currencies. But the fact that the cash will disappear is for sure. Cash is very expensive in production and can be forged. Counterfeiters annually cause great damage to the economy. To control the cash flow was also very difficult. I think that modern technology will push the cash out very soon.
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March 24, 2018, 11:19:29 AM
 #51

The main target of market makers is to make everything digital and cashless.  Theres a huge advantages when all nation become cashless. It will prevent or lessen the crimes. It will speed up the transaction.  But one thing true Christians are feared off, the plan of the Antichrist to insert his mark in this digital currency.

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.

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bitcad4u
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March 24, 2018, 11:20:06 AM
 #52

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 I think it is possible.Now most of the online payment accept bitcoin as a one of the payment.So this surely increase the usage of bitcoin in this world.In U.S many of the shop accept the bitcoin as a payment.In a decade,bitcoin will replace the paper money.
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March 24, 2018, 11:37:10 AM
 #53

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.

Though a lot of bitcoin enthusiast and highly respected people always said that paper money will soon disappear because of the advanced technology today, my assumption will always remain that paper money won't come to an end. But if you are stating that the cause of disappearance or diminution of paper money is bitcoin, well that's exactly hard to tell. A larger possibility still exist to new few technologies other than bitcoin and any cryptocurrencies to become the cause of cashless society.
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March 24, 2018, 11:38:28 AM
 #54

if we analyze the current money in the world we clearly can see that people don`t carry cash so much rather they use cards and mobile apps to make the payments so it is possible even for paper money to disappear.
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March 24, 2018, 11:51:58 AM
 #55

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.

That gives rise to to unrelated thought process. What I mean is, there is no relation between bitcoin's use and disappearance of the Paper Money.

We have to understand that paper money is traditional thing and it is differently regulated, valued, maintained in different countries.

When you think about such questions you actually considering only your own countries status and not the global level. It cant replace paper money from your own country only, if it has to do that then it has to be global extinction.

Few of the facts :

Bitcoin is just another form or process of payment/transactions/trades.

Bitcoin is not meant for replacement it is just optional currency that you may or may not use as per your will.

Paper money is traditional thing, neither people nor government will accept its annihilation.

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March 24, 2018, 11:54:02 AM
 #56

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 so paper money will disappear in the future because we will live in a high technology world. So it's possible that we will live in a cashless society. So that everything will make it easy. Digital will make everything better because everything will be done in electronics transaction. We will not be in difficult to do what we want to do especially in payments.
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March 24, 2018, 12:26:48 PM
 #57

I don't think so, fiat will always be part of our daily lives just like how gold does, it will always be part of our lives especially to those people who cannot afford to use bitcoin and other cryptos. I think it would only be possible if all people, even poor and beggars have gadgets and internet to use in order to transact and if they have knowledge and know how to use bitcoin as well as altcoins, but I think it would take forever before that happens.

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March 24, 2018, 12:31:43 PM
 #58

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 would be a good probability in the future. But I guess that needs to be addressed because encrypted form of payments are very volatile and the possible earnings of the community is at stakes in a risky method of payment.

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March 24, 2018, 12:50:03 PM
 #59

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.

As long as the internet is still paid (not free) and unevenly economic growth in the community, it looks like paper money will still exist and last forever. Although without the internet the spread of banknotes has proven to be very effective and can be distributed equally to various layers of society.

If, bitcoin has enjoyed a high popularity while paper money has a high flexibility.
Please compare and decide which one is best according to you?...
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March 24, 2018, 12:56:49 PM
 #60

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.
Well most defiantly, that is something that is bound to happen someday, since the world is constantly developing and new technologies are being created every day, money will be converted into digital form and the physical money will be replaced enticingly by credit cards, i don't think that cryptocurrency might replace the money, because  using it is not in the favor of governments, and it eliminates the need for bank, and makes tracking transactions harder, so if they are going to replace paper money it will be with something that they create and have control over it, and not with some decentralized cryptocurrency .
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