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Author Topic: Will future paper money disappear?  (Read 2408 times)
NS-Soul
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March 28, 2018, 01:09:48 PM
 #161

I think that in the future the paper money will disappear because the cryptocurrencies will be the new type of the currency or money that we will be using in the future. More and more people are now getting into cryptocurrency so it is really obvious that it is the future that we are heading to so just be with the cryptocurrency and don't lose hope even the price is going down because it will be alright again soon.
Too early to talk with that but many believe that it will happen obviously people who are in cryptocurrency now like crypto to replace paper money. I am watching some videos and it say cryptocurrency and those physical metals and minerals will next to dollars because of continued falling of dollars.

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March 28, 2018, 01:20:41 PM
 #162

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 don't think so. Yes there are many cryptos but the question is; could everyone get access to it for their daily lives? That's quite not clear. You see we have ATM & debit card but we still have paper money. That only means not everything works with technology. We have smaller stores that accept paper money which shouldn't be eliminated.
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March 28, 2018, 01:30:43 PM
 #163

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, in my opinion I think it is impossible for fiat or paper currencies to disapper because of cryptocurrencies given that there are people who are not into cryptos due to the volatility in the market. Also, fist are supported by the governments unlike cryptos which are decentralized. Also, that's not the goal of Bitcoin and chances are high that both currencies whether digital or not will co-exist in the future.

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March 28, 2018, 01:39:01 PM
 #164

nope, i think fiat will remain and it would be best if cryptocurrency and fiat can coexist. not all will use cryptocurrency many still prefer to use money. in a place where there is no electricity cyrptocurrency is not useful so money is more convenient. even though countries prosper some place still have no electricity and some people are still poor.
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March 28, 2018, 02:40:45 PM
Last edit: March 31, 2018, 05:05:26 PM by eelectrick
 #165

Paper money will disappear but in some countries which are rich and have modern technology.

I think not at all, there's really no probable real reason or threat that paper money be made to disappear. Though I think a lot will
debate on making sense and making it matter to completely replace paper money just because bitcoins and cryptoccurencies
are here. We all do transact and earn cryptocurrency but we also tend to convert it and rely on the actual value of it in cash.
Maybe paper money and digital currency are the future, they must coexist together. I think it's a really good option to have
both, since not everyone will always favor the use of fiat or crypto in everyday expenses. At the end of the day, having cash
in your hand and wallet is still a lot more satisfying and traditional.
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March 28, 2018, 03:15:09 PM
 #166

Paper money will still be in the future some of country still don't belief in crypto currency and is not all people have the knowledge of digital currency.... paper and fiat money will still be in future
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March 28, 2018, 03:29:46 PM
 #167

nope, i think fiat will remain and it would be best if cryptocurrency and fiat can coexist. not all will use cryptocurrency many still prefer to use money. in a place where there is no electricity cyrptocurrency is not useful so money is more convenient. even though countries prosper some place still have no electricity and some people are still poor.
Yes, that is why today we can really say that crypto currency cannot replace paper money because of some reasons like internet and electric supply limitations, but i strongly believe that the future of money is an electronics money as we already started today in the form of ATM, credit card and debit card etc., and the world technology is moving forward to discover new technology so crypto will be the future of electronics money.

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March 28, 2018, 03:37:11 PM
 #168

I think that in the future the paper money will disappear because the cryptocurrencies will be the new type of the currency or money that we will be using in the future. More and more people are now getting into cryptocurrency so it is really obvious that it is the future that we are heading to so just be with the cryptocurrency and don't lose hope even the price is going down because it will be alright again soon.
Too early to talk with that but many believe that it will happen obviously people who are in cryptocurrency now like crypto to replace paper money. I am watching some videos and it say cryptocurrency and those physical metals and minerals will next to dollars because of continued falling of dollars.

It is very difficult for cryptocurrency to replace paper money because for using these coins one needs internet and at this time large number of population do not have access to internet. Another reason is that crypto market is highly volatile, main reason why some people do not want to invest.
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March 28, 2018, 03:41:51 PM
 #169

As of today, I will not assume that paper money will be disappear due to virtual currency because there are many use of paper money that coins can not replace. Such example was the common expense which coins is not applicable such as petty cash expenses which are very small in amount. It was not advisable to use coins for the petty amount so they will still use paper money for that transactions.
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March 28, 2018, 03:49:50 PM
 #170

Paper money will still be in the future some of country still don't belief in crypto currency and is not all people have the knowledge of digital currency.... paper and fiat money will still be in future
paper money will not be replaced by digital money because the paper money is still in need. talking about money actually bitcoin itself does not qualify to be money

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March 28, 2018, 04:26:08 PM
 #171

I think the paper money still exist .. because not all countries legalize Bitcoin .. and paper money remain because the paper money become a state identifier
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March 28, 2018, 04:44:01 PM
 #172

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, that possibility will happen, paper money will be lost and replaced with crypto money. But for the change it will require a very long process.
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March 28, 2018, 06:25:24 PM
 #173

In my own view I will say paper money won't disappear in the future but it will be use along side with the encrypted one. There will be a certain restriction that will not  allow the full use in some certain part of the world. This might be as a result of technology of those places.

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March 28, 2018, 06:43:43 PM
 #174

not fiat money will continue to survive, you know fiat money has been familiar in various transactions from a long time, it is very difficult to replace it with something new, crypto is indeed a pretty good development, but not many can access it, maybe less his information on kripo and not everyone is familiar with crypto, some of them may have difficulty in using it because of economic limitations and prefer fiat because according to them more practical
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March 28, 2018, 06:55:10 PM
 #175

for me not just lose the paper money that we used to use because of cryptocurrency could have been paper money because it did not even have a paper money in our world before the digital money went out of paper money that we first used daily.
It was an old age mate when we were using paper money to get daily needs but it is now modern age where everyone is using fast service now which is gonna be the future for us. Now everything is being digital we are living in age of digital currency, if we can earn with bitcoin currency then we can buy everything with it without any problem as transaction of bitcoin has become very fast and it can be easily transact huge amount of bitcoin within few minutes now, so paper money is just a thing now it is no longer will be a currency.
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March 28, 2018, 07:05:03 PM
 #176

I think that it will 100% happen - we already are experiencing a situation close to it - most of payments are made via cards.

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March 28, 2018, 07:54:59 PM
 #177

I don't see that happening in the near future. Who knows what will happen after like 50 years tho...
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March 28, 2018, 08:16:34 PM
 #178

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 do believe with innovation, progress of modern technology and as well as the currency / money upgrade for the upcoming years.
But I don't really think that paper money will disappear, not all countries does have the capacity to support such system.
What's on my mind is that there will be a digital transaction/money for people who knows that much and are capable of it.
While the paper money will still be an alternative to it but it won't be gone.
In the beginning, there was just barter system, no concept of money. Then people started using gold. Later on, paper money was introduced and it replaced gold. I am trying to say that with time, all processes and methods evolve. New things replaced the old because old methods or stuff failed to meet the increasing demand or new needs of people. Digital currency is far better than paper money in all those aspects which have top priority now. It can take over paper money.

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March 28, 2018, 08:28:09 PM
 #179

I dont think so. Because technology nowadays is very fast growing but also people know how to get your accounts using the hacking method. That’s why paper money still is our real money.
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March 28, 2018, 09:30:26 PM
Last edit: March 28, 2018, 09:43:50 PM by deevan
 #180

yes, it can happen the paper money may disappear, as cryptocurrency is booming now & a hot topic among people/media, also people/community have started to adopt cryptocurrency. So in future, payment, buying/selling of goods will be done in the form of cryptocurrency instead paper money. Have you thought why we are giving value to paper money? because it is backed by government &  accepted currency globally. What if people have started giving more importance to cryptocurrency than paper money? it means then paper money will have less demand and eventually, it will be replaced by cryptocurrency same as how paper money replaced gold in past. And still, there is thought like that how it can be possible that it needs some techie knowledge to send/receive cryptocurrency & will be hardened for people to understand who are no educated, or for some parts of the world who don't have even internet access. So most probably in future, some good project will be developed to tackle this issue.
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