Bolivar_Tony
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April 16, 2018, 11:10:23 AM |
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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.
Paper money is said to be very familiar to people in the world, in which developed countries are gradually becoming alienated from cash and developing virtual currency. Many believe that Bitcoin is a virtual currency, but many are now known, and the world is turning to virtual money. |
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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Ondre
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April 16, 2018, 11:16:49 AM |
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No, it will not disappear, it will stay even if cryptocurrency will be known. but for now it is still reigning, it will decrease in usage but it will still be there.
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tumis
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April 16, 2018, 03:05:34 PM |
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The paper trunk as we know it now will surely disappear, but a better version of such a trunk will appear. It may be something that is going to have a cover in the cryptalant, but that has its physical equivalent.
People must have something here and now that is 100% independent of all possible external factors
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MendozaCharles
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April 16, 2018, 03:16:58 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.
The paper money in my country is very popular with many people as well as in the country, there are many places to replace cash in digital money, but there are many places like petrol stations or small grocery stores are not yet Can pay by virtual currency, so cash is still very important. |
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vaughn125
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April 16, 2018, 04:03:54 PM |
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I think the paper currency will not disappear, it will still be maintained by some countries because paper currency can also be said as a symbol within a country. perhaps in the future, there will only be additional rules about the use of cryptocurrency, it can be used freely and extensively around the world if we have the same connection. but if we are going to visit a country, paper money will still be in use, so I think the paper money will continue to survive.
Yes, great point man, I too believe that even after cryptos have been legalized fully, there would still be paper money. This is simply because every country is not the same - others are more technologically advanced while others are far behind. Meaning, a lot of countries will have areas that has no access with technologies needed to really adopt this kind of innovation. And of course, paper money being a symbol of every country is also a pretty good reason as to why this cannot happen. But maybe in the far future, this can be possible but I don't think that anyone of us here will be able to reach that moment. |
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calya
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April 16, 2018, 04:14:26 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.
although later it has received a lot of bitcoin, but i think it's hard to replace fiat currency with cryptocurrency, because every region in a country there are no internet facility agrees with you, even when bitcoin has a very high price, and is becoming more popular than now, I do not think bitcoin will ever replace paper money in the future. in fact, I think that paper money will continue to be used in each country as legitimate money. paper money actually symbol of country will be used forever.there will never be a discourse to replace paper money with anything, even with sophisticated technology. |
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wxxyrqa
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April 16, 2018, 05:05:01 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.
although later it has received a lot of bitcoin, but i think it's hard to replace fiat currency with cryptocurrency, because every region in a country there are no internet facility agrees with you, even when bitcoin has a very high price, and is becoming more popular than now, I do not think bitcoin will ever replace paper money in the future. in fact, I think that paper money will continue to be used in each country as legitimate money. paper money actually symbol of country will be used forever.there will never be a discourse to replace paper money with anything, even with sophisticated technology. If you mean a national currency, no country can refuse this. But nevertheless, if we compare the European Union and the new euro money, which united many countries, then the whole world will be able to defeat the crypto currency. |
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carlisle1
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April 16, 2018, 05:32:48 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.
If im not mistaked this same thread has been in forum for how many times,and about me for 4-5 times I delivered answer fora the same topic but posted by other people but my stand is simple and the same,never that paper money will gone,maybe lessen but will still remain here..because cryptocurrency wont cover all the transaction of this world |
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ScottJake
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April 16, 2018, 06:41:58 PM |
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I could disappear. Especially if the blockchain technology is implemented within society more and more, the growth of the internet and online services have become a popular system in recent times, this could be the end of paper money.
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xxToaDxx
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April 19, 2018, 05:09:35 AM |
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Cryptocurrencies is Inevitable For a great many years mankind has built up various diverse monetary forms over the ages. We went from exchanging chickens and animals to genuine money. For a very long time we utilized coins that were diverse sorts of valuable metals. After that we began utilizing paper cash including legitimate tenders when the metal began getting low. With the new digital age we're heading into, it is totally inescapable that we will one day utilize digital money. People are continually hoping to gain ground and go into a strong new age.
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brontosafar
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April 19, 2018, 06:05:52 AM |
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maybe in the future paper money will disappear, but i think it will takes very long long long time. the reason is simple, in order to replace paper money you must do it all around the world. and for example country A and country B have different economical condition, advance in technology, the way of thinking of the citizen, etc that will takes a long time to adapting with cryptocurency. in the present time, we cant denied that there are a lot of people that is didnt know and didnt want to know about cryptocurency(advance currency in financial sector). so i think it will takes very long time, maybe in next century or maybe in next several decade
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imToken
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April 19, 2018, 08:42:28 AM |
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This is impossible. Banknotes are the legal currency issued by the country. It is under the control of the state and is designed to enable the state to supervise and control the national economy. If the banknote disappears, it means that the country has given up control over the economy. I think no country will give up this power.
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nazaididuan1
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April 19, 2018, 08:59:05 AM |
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I don't think paper money will disappear.
If the currency were to become fully digital, the terrorists would be able to destroy the world's economy by developing a virus that was powerful enough.
And the world economy will never grow to the extent that people around the world have access to the Internet anytime and anywhere.
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brontosafar
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April 19, 2018, 11:06:57 AM |
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I don't think paper money will disappear.
If the currency were to become fully digital, the terrorists would be able to destroy the world's economy by developing a virus that was powerful enough.
And the world economy will never grow to the extent that people around the world have access to the Internet anytime and anywhere.
yeah i got the idea and i agree with that. but maybe it will become fully digital someday, but we must think how to resolve the problem for example as have been said above |
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Fretcy
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April 19, 2018, 11:09:53 AM |
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Bitcoin and alternative coins are always backed by fiat currencies as the crypto currencies does not have physical existence and not all merchant's are not into the crypto world, it might take time may be a decade or more for wider acceptance of bitcoins and other crypto currencies then there is possibility for the fiat currencies to disappear as more and more government's are exploring the block chain technology to implement the block chain technology as the transactions are secure and clear in such a situation the fiat currencies may disappear and bitcoins or other cryptocurrencies may take over the position of fiat currencies and bitcoins will be in the mainstream of financial markets.
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clarky
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April 19, 2018, 02:42:54 PM |
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Paper money then fiat foreign money still exists in future comes also it's the ball on cryptocurrency we stay in today. It choice never disappear due to the fact not whole human beings are conscious about digital currency then if such regime nonetheless now not trusting cryptocurrency below we wish able to usage the historic order bills.
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kuncimobil
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April 19, 2018, 02:44:00 PM |
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I think not, paper money is still needed by many people and not everyone likes bitcoin and can use bitcoin, people feel more comfortable and easier to use paper money
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NBIToin
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April 19, 2018, 02:52:35 PM |
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I can't see paper disappearing completely... let's face it imagine that the power goes out not to mention something much worse like a earth quake or war. What would you reach for in one of these situations? Granted fiat might loose its trust in a war but if the lights go out what should you use as a medium of exchange? Metals is one option I can come to think of but that seems quite far fetched (at the moment) looking at it from a centralbankers point of view... but hey I might be wrong...
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kkaroul4
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April 19, 2018, 02:55:36 PM |
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will never lose the cash currency in this world because the cash or paper currency has been used as a symbol of the state. so the future of paper money will surely be there forever anytime
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Mr.John19
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April 19, 2018, 03:01:07 PM |
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I think NO, the paper money can't vanish in this world. We know the advancement of the digital currency is developing each year and the acknowledgment the bitcoin on the store and dealer are also demanding today. But we still have a nation that bitcoin is restricted, or somewhere have an absence of internet connection. Paper money and crypto have substantial distinctive the digital cash can't supplant the paper money. Digital currency is extra cash in this world.
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