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Author Topic: Will future paper money disappear?  (Read 2405 times)
Gudhal Untu
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April 09, 2018, 11:52:10 PM
 #501

I'm a faithful believer that it will not disappear and that it will coexist along with the cryptocurrencies, although I do not remove the side or the possibility that it disappears and that in 20 years I will be displaced by cryptocurrencies.
Yes, this is because of the full guarantee of the country, paper money is the symbol of the country so the country will do everything to make paper money survive, besides with paper money then everyone can transact.
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April 10, 2018, 12:04:21 AM
 #502

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.

Maybe it can be happen that paper money will dissapear. With technology advance, many people connecting internet, everybody can make transaction globally with more easy and without using money and using bitcoin or other cryptocurrency. Transaction using digital money is already common on our sociality

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April 10, 2018, 12:30:41 AM
 #503

Thru the technology this is not possible to disappear the paper money or coins, nowadays we see that they gradually disappear and change the mode of payment thru cards, points, and also you can trade money with ATM cards, I think it's not possible that in future we do not use paper money and coins instead we use high technology like bitoj of cryptocurrency for trading, buying something. And even transaction they preferred to use digital money instead of paper money.
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April 10, 2018, 12:33:57 PM
 #504

Probably not due to its sheer simpleness and familiarity. Cash money will not disappear. There will be always demand for paper money. People still like hard money and do not trust the banks or the government. Also, crime organizations will ensure that paper money stays around. However, the amount of paper money will keep decreasing with development of technology...
Yeah, this is a real issue and it is going to take at least few decades to make internet available for everyone whether he or she is from some developed state or not.

Even there is a good percentage of people in the developed states who are unaware of internet or even if they know about it, they are not interested in using social apps or things like that. So we first need to make people use web to introduce them to crypto market.
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April 10, 2018, 12:38:46 PM
 #505

Paper money will disappear completely when it is more convenient and faster to pay with cryptocurrency. Unfortunately, until things are different. But still all ahead and then there will be a real boom of cryptocurrencies.

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April 10, 2018, 01:08:11 PM
 #506

The process of completely abandoning paper money will be lengthy and gradual. Tradition of paper money for many years and abandoning it will be a complex process. Somehow this should have happened one day



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April 10, 2018, 01:14:46 PM
 #507

will never disappear. as well as cash transactions, paper money is also the identity of each country. so despite the development of sophisticated technology about transactions, paper money will continue to survive.

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April 10, 2018, 01:27:00 PM
 #508

paper money will remain in every country because its benefits and functions are more common, and can be used in all aspects of transactions can not be replaced by other functions such as bitcoin and altcoin but both can coexist and complement each other in economic life

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April 10, 2018, 01:46:07 PM
 #509

I do not approve of this. In my opinion, we are witnessing an advanced technology from the crypto market, which has many benefits and effects in life. However, it can not replace fiat for many reasons. Fiat will continue to exist and develop. It is a successful tool of the government to reform and operate the economy, regulate social stability and create balance. Fiat is really important and familiar to us.
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April 10, 2018, 01:51:17 PM
 #510

BTCs are now worthless, they can not afford cash because they are too risky to hold, They do not have the same high liquidity as paper money. So they will never be able to replace cash.

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April 10, 2018, 02:08:34 PM
 #511

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, the trend of using Bitcoin and cryptocurrency has increased internationally.

So, it is not impossible that cryptocurrency will one day replace the position of paper money as a medium of exchange. The reason, this currency can fix problems that exist in paper currency, and indeed in history, the same thing always happens in the new currency that replaces the old currency.
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April 10, 2018, 02:16:45 PM
 #512

Paper money are not going to disappear. However, the circulation of Fiat maybe lessen. Because it was very convenient for those who aren't capable to buy mobile device where they can run wallet or buy hardware wallet. These are the truth specially in those 3rd world countries.

Fiat are more usable than crypto currencies in those places.

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April 10, 2018, 02:24:45 PM
 #513

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.
,,,l think it is not impossible that fiat money will disapper, if, all nations become united one, but if, it won't be happened, paper money would still remain.
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April 10, 2018, 02:28:54 PM
 #514

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.
If we look at the present marketing system globally, considering the flow of exchange and trading process internationally. Perhaps, it is to early for a global cryptocurrency manifestation. We need to calibrate the entire system to implement such innovation. However, the possibilities are still there since no one really knows what would happen in the future of global market. Mankind is always looking for periodical changes that can bring convenience to the people.
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April 10, 2018, 02:34:44 PM
 #515

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.
``More and more places are accepting crypto currency`` - this is an exaggeration, there are not so many of them (if you take online stores.If you consider how the crypto currency is used in each country, this is another conversation). At the moment it is too early to say that all money will disappear and only cryptocurrency will be used. If this happens, it will not be very soon
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April 10, 2018, 02:40:50 PM
 #516

It depends cause in my opinion whole population will need to have a connection with internet and  thanks to that they will be able to use crypto without that it won't be able to just replace paper money with crypto.
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April 10, 2018, 02:51:35 PM
 #517

I dont think that paper money is going to disappear in the near future at least. Because most people worldwide used to complete their daily deals and paying their bills with this currencies and paper money; and the usability of crypto currencies for doing the fast daily payments is really hard, because crypto transactions need time to get confirmed.
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April 10, 2018, 04:06:07 PM
 #518

I do not think paper money can disappear. It is characterized by familiarity and long life with each person. In fact, it does not have the utilities and efficiency with high technology like digital currency. But with its longstanding nature and concept, it brings a familiarity and meaning. It balances the economy, creating a balance in the development of society.
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April 10, 2018, 04:11:47 PM
 #519

I don't think so because paper money has established itself firmly in the heart of the general public .so disappearing paper money is quite impossible .again there are so many people who are ignorant of the knowledge of Bitcoin .they don't even know how to work with internet. so how they can deal with Bitcoin ??impossible !they cannot do so .and the majority percent of people belong to middle class family. they feel that it's better to work physically .they don't like to work in online.so how can they love Bitcoin and will help paper money disappeared? I don't think so this can ever happen.

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April 10, 2018, 04:12:06 PM
 #520

There are lot of possibility that the paper money will disappear, due to continuous improvement of technology, anything is possible to happen. Many transactions will go online, and coin transations will have a high possibility to grow in the future. Thus, Paper money will seldom use or even disappear.
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