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Thanasis
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March 29, 2018, 04:38:26 PM |
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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 it will happen if bitcoin got more support from people because bitcoin is like transferring the value of money from paper money to bitcoin,But it is impossible to replace completely the paper money because we don't have internet access in every corner of this world.But bitcoin gives us freedom to use our money without anyone's permission. |
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ayiaye
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March 29, 2018, 06:29:55 PM |
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fiat money will not disappear, because not everyone can understand crypto money and also knowledgeable on the internet. if paper money is lost and crypto money as a replacement, it will be very difficult to use daily payments. Because why? because crypto money is never stable
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tambok
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March 29, 2018, 07:43:09 PM |
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fiat money will not disappear, because not everyone can understand crypto money and also knowledgeable on the internet. if paper money is lost and crypto money as a replacement, it will be very difficult to use daily payments. Because why? because crypto money is never stable
At this year and in the coming year, we will have a hard time predicting if paper money will gonna disappear, but for sure a big change will gonna happen in the future, and it might be the change that we will have a world with cashless society. So, we don't know when it will gonna happen but we should be ready and embrace the fact in case. |
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Heroonnone
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March 29, 2018, 08:09:25 PM |
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I think that cryptocurrency will replace all paper money, because it is useful, fast and easy. Many people believe in bitcoin more than their national currency, and I too.
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doomloop
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March 29, 2018, 08:10:37 PM |
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I don't think fiat will ever disappear in the future given the fact that bitcoin hasn't achieved a global acceptance yet. There are still countries who are against the cryptocurrencies and that what makes it hard for cryptos to replace fiat easily.
Fiat will remain effective for some time in the world because right now there are two different options with total different implementations if the world wants to go cashless. First is that there will be the banking systems in all the third world countries as well so that people can get the benefits of going cashless whereas other is that bitcoin will become the universal currency and people will prefer doing transactions in this. In both the ways fiat will stay for 2-3 decades from now. |
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Odora
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March 29, 2018, 08:20:00 PM |
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I can not say it will, but from the rapid technological advancement and the changing times I'm sure the paper money will not be used anymore,
all will switch to digital money like through Paypal, Payoneer or other, it could even be converted into cryptocurrency.
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Bitbratt
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March 29, 2018, 08:21:07 PM |
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Maybe. Could possibly be. Since year 2000 i used to received my salary in the bank. I only got pay slips and i had atm card connected to my bank account so that was already cashless. Now i am working abroad i am getting my salary also in the bank. Everything i get in hand is only numbers and papers.
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Isaacck1
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March 29, 2018, 08:34:57 PM |
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Well, technically we can not say what could happen in the future. But for me, I think this would not happen. First of all, if we look at the purpose of bitcoin, it does not give any reason to replace paper money. For me bitcoin was created to bring faster, anonymous, and decentralized money transactions which the current systems cannot give. It was created to patch up the holes created by the current system we have. So I think it is best to have it this way, where bitcoin and money both exists.
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HiringYou
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March 29, 2018, 08:52:27 PM |
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No doubt that cryptocurrencies are developing and their popularity is increasing at a very fast rate but I don't think that it will make paper money disappear in future.This is because paper money has a physical form and it's usage is more simpler than that of Bitcoin. It does not require any sort of internet connection and can be used everywhere.Unlike cryptocurrencies,paper money is under proper supervision of government and banks so no government will allow such currency over which they have proper control to be replaced by a currency over which they have no control.Moreover it is difficult for cryptocurrencies to gain the amount of trust that paper money has.So I don't think that paper money will disappear.It will work hand in hand with cryptocurrencies.
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Razick
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March 29, 2018, 08:52:36 PM |
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Quite possibly. The time of paper money is actually coming to an end and we are about to usher in the age of cashless societies where you won't have to worry about carrying a wallet or carrying around wads of cash and always be scared of losing your money. Paper money will not survive much longer especially with the emergence of cryptocurrencies.
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ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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kive2k
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March 29, 2018, 09:33:21 PM |
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In the future, of course, there will be no place for paper money, but it is too early to talk about it. Technology does not yet allow you to fully switch to e-currency and not all people are ready for this
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South Park
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March 29, 2018, 10:04:35 PM |
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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 the best case scenario that is what will happen but I have my doubts that scenario will materialize and the reason for that is very simple, many people are unable to use technology the way we do, they know how to do some stuff with it but as soon as you ask them to do something differently they are lost and I think that is going to happen with bitcoin besides I'm not really sure people are ready to take the full responsibility of their money |
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DiabolicAnt
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March 29, 2018, 10:09:21 PM |
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I'm nearly 100% sure in that - people already try to avoid paper money in different ways; in near 10-20 years we won't see them at all I think.
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Rockyxy
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March 29, 2018, 10:15:34 PM |
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I think no. Fiat currency wont go because it is already a playform where every nation, country accepts and is very stable. And it is a currency where every one understand. Mybe crypto currency will take a percentage in circulation but not totally used.
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Btcepoy11
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March 29, 2018, 10:15:59 PM |
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Paper money will be gone ang it will replace by digital money in the future, even now we are using digital curenccy.
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jvper
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March 29, 2018, 10:22:27 PM |
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Paper money is increasingly gonna be extintc, but it may take several decades because the whole infrastructure of online payments need to evolve first.
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Yamifoud
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March 29, 2018, 11:14:33 PM |
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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 may think that it will happen if we all accept this currency including small businesses. As long as some areas won't have internet to access these and mostly establishments never accept these, it can't be totally realized.. |
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anthinguy21
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OPEN GAMING PLATFORM
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March 29, 2018, 11:23:05 PM |
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You can see that at the present time, payments are now made more on the Internet, as people have switched to online payments than paying cash for their inconvenience when paying a large sum of money. So in the future, I think paper money will only account for 5% of the transaction, and the remaining 95% will be made on the Internet.
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Cedie
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March 29, 2018, 11:38:09 PM |
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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. |
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nightxglow
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March 29, 2018, 11:50:48 PM |
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It may happen. Like in the movies, far away in the future, everything will be all about technology. It's not weird if we won't use paper money instead, and use cryptocurrency, or even maybe there's a new type of a currency.
But i bet it won't happen near future. Not for 10-20 years later. There are still many countries who can't adapt the technology development yet, and there're still many countries that ban and don't support cryptocurrency.
So i don't think it's gonna happen soon, but i bet it will happen, far in the future.
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