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Author Topic: Will future paper money disappear?  (Read 2405 times)
Chienna
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April 19, 2018, 04:15:41 PM
 #661

I think digital currency will keep increasing such the time goes by. Plus bitcoin will be more powerful transaction of payment. But I dont think so paper money will totally DISAPPEAR but maybe paper money will LESS; But not totally disappear.
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Rossy Akbar
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April 19, 2018, 06:45:48 PM
 #662

Well,  we'll se. Maybe if bitcoin acceptable in every single country it means like the government really declare that these new thing was absolutely good for the people even the cashless society, and it can solve the economys problem for the country I think is possible. But perhaps just need quite long time to make it possible.
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April 19, 2018, 06:59:18 PM
 #663

Of course yes. Nowadays in Europe have a countries which payments are paid by debit card ninety over hundred. Even this tells us from the future. So, in the end even governments will accept cryptocurrencies.
Fedrey
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April 19, 2018, 07:00:10 PM
 #664

Well,  we'll se. Maybe if bitcoin acceptable in every single country it means like the government really declare that these new thing was absolutely good for the people even the cashless society, and it can solve the economys problem for the country I think is possible. But perhaps just need quite long time to make it possible.
first, you need to think about the fact that not every country can give up its national currency. Perhaps they will be able to create their national crypto currency. But many countries also believe that the crypto currency can be a danger to their domestic economy.
budz0425
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April 19, 2018, 07:04:26 PM
 #665

Well,  we'll se. Maybe if bitcoin acceptable in every single country it means like the government really declare that these new thing was absolutely good for the people even the cashless society, and it can solve the economys problem for the country I think is possible. But perhaps just need quite long time to make it possible.
first, you need to think about the fact that not every country can give up its national currency. Perhaps they will be able to create their national crypto currency. But many countries also believe that the crypto currency can be a danger to their domestic economy.
It is too early to make a conclusion now that in the future paper money will gonna disappear, but I could say that there is a big chance since a lot of people wants it and some countries are open for this kind of change, if all countries will finally adapt cryptocurrency then it is possible.
rhamdy
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April 19, 2018, 07:21:32 PM
 #666

This seems difficult to come true.
Currently, government permits related to the use of Bitcoin are difficult.
There are only a few countries that allow the use of Bitcoin & facilitate transactions in their country.
In addition, banknotes are currently regulated by central banks that are Centralized while Bitcoin is Decentralized.
So I think Bitcoin will still be used by many people but can not replace the current paper money.
Kahoy01
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April 20, 2018, 04:02:11 PM
 #667

Yes. With the current progress in the technology we have made, paper money becomes more and more obsolete as the years go by. As if now a lot of countries solve this by renewing and releasing new editions of the paper bills tgey once had issued way back then. Which does not only mean more cost, but also could potentially damage the environment due to the waste and tge cutting down of numerous trees and vegetation to supply our needs for currency.

stayeduptolate
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April 20, 2018, 04:08:10 PM
 #668

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’s true that bitcoin has gained a lot of popularity and users since it has started and its demand among the people have also increased a lot. But still I don’t think that bitcoin will be able to replace paper money in the future because firstly, paper money is way more popular than bitcoin and paper money has way more users than bitcoins. Also paper money demand is way more than bitcoin. So it’s ok to say that bitcoin will not be able to replace paper money.
gilangIDR
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April 20, 2018, 04:14:22 PM
 #669

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's all going to happen. However I prefer that both can coexist for use. I am pessimistic that all places will have facilities that support the use of cryptocurrencies. There should be equality between rural and urban areas. Because to use crypto all facilities and infrastructure must be available. Yes we all will always evolve and there will always be changes every time. The era of digitalization will indeed arrive, all waiting for time because we are all being led to it.
doge_shit666
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April 20, 2018, 04:39:28 PM
 #670

Bitcoin is increasingly modern and developed with modern blockchain technology. It meets the needs of people for the payment of services quickly and conveniently. This is the advantage of bitcoin. It is much more creative and smarter than paper money. Nothing is impossible, I think the future of paper money may be lost and replaced with bitcoin.
lagoon88
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April 20, 2018, 04:48:43 PM
 #671

I don't think that paper money would disappear. But more and more people would use bitcoin and it will be acceptable all over the world.
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April 20, 2018, 05:28:56 PM
 #672

I don't think that paper money would disappear. But more and more people would use bitcoin and it will be acceptable all over the world.

The end of paper money is very close, for some countries and people who live in those countries that will happen very soon. Cashless society is becoming reality, will it be digital cash or crypto money we know answer, first digital fiat and after crypto. For many countries digital money, credit cards is yet to come, for others it will pass soon, but all world is following big countries and what US is doing, where is China, EU? Look at them, they are all about crypto , making regulations, researching blockchain, all that leads me to think that they will be crypto in near future.
Cash will become thing of the past in next 10-20 years, believe in that or not its your thing, but don't be surprised when it happens, you have been warned.

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Pujangga
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April 20, 2018, 05:49:16 PM
 #673

I believe so, with the increasing number of digital money users and the latest is blockchain technology then it is a sure thing everyone is reluctant to use paper money, this is what will make the future of the transaction system immediately changed.
laracastvue
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April 20, 2018, 06:01:54 PM
 #674

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 my own opinion, bitcoin will really disappear in the future since there are a lot of people today who are interested on investing in cryptocurrency and banks will be forgotten that's why they are scared of the growth of bitcoins.
Situk brok
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April 20, 2018, 06:03:49 PM
 #675

Although digital currencies are currently growing rapidly but I think this digital currency has no effect on the loss of paper currency so in my opinion paper currency will never be lost due to the existence of this digital currency.
B4rk4d4
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April 21, 2018, 02:10:24 PM
 #676

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 paper money disappear what will happen to all the banks in the world?
So aper money will not disappear in the future.
And there are only a few countries that allow the use of Bitcoin & facilitate transactions in their country.
YzzyGo
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April 21, 2018, 02:29:17 PM
 #677

I wouldn't count on it in the near future. Fiat currency will always be needed as it makes paying easier for low level transactions like buying ice cream or hotdogs from the stand. Going digital has its risks. It wouldn't hurt if we have access to both in the future.
dzhan
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April 21, 2018, 02:49:10 PM
 #678

I think it will disappear but not in our nearest future, it will be used for several coming years or even decades for sure. Crypto currencies still not really popular yet worldwide, and still need long time to replace the paper money, especially most governments and banks still supporting only fiat currencies and paper money and fighting BTC.
yourialfa
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April 21, 2018, 02:54:59 PM
 #679

I think paper money will remain in the future. But users have started to decrease or little used in the community. Indeed technology will grow and something like paper money may lose its identity. But not everyone will leave the paper money because they may have problems on how to use the internet. But I myself might leave the paper money and move on to another payment.
molenracing
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April 21, 2018, 03:05:41 PM
 #680

How could that be, paper money will remain for a very long time. currently there are still many areas that have not reached the internet, it certainly will not allow people to access digital money like Bitcoin. Digital money can only be accessed by the Internet, and only people who understand who can use it. while traditional people in my opinion prefer to use paper money.
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