Alternative currency ( paper money )

[freeman1177]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

[1715543449]

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[Irvinn]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Does this mean that this paper money will actually be either private or issued by any business structures? And what will they be provided with and what is the guarantee that the individuals or legal entities who issued them will not go bankrupt in the future? No, I think that such money will not have value and will not be in demand. In any case, I would never use them.

[cryptocrusher]

Most money works on the basis that there is something or someone guaranteeing its future value. Mostly holding a currency is an investment in to the government of the country it belongs to, or more specifically the future prosperity of their economy and the demand for their currency. If there was an unregulated paper money it would be hard to guarantee some sort of real value (much like bitcoin), the value would then come from utility, in this case crypto as a digital money is far superior to paper money in many ways and so there would be no incentive to choose this new paper money over cryptocurrency.

[ylnar123]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Is there something like that? It would be fake if there is unregulated paper money circulating in the community. Such question is not a deal to begin with and cannot be true due to the government not allowing such currency.

[figmentofmyass]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

probably not. it sounds like "wildcat banking" in america during the 1800s. since there was no federal regulation of banks, there were lots of questionably backed bank notes issued by state chartered banks. as the story goes, these wildcat notes rarely fetched their face value when trying to negotiate them in other states.

anyway, i'm not a fan of private currency. they're essentially debt notes---it's basically like holding USDT and things like that. money shouldn't entail worrying about whether the issuer can really back the notes.

i much prefer decentralized currency, where i can verify for myself against a protocol whether the money is really there.

[pozmu]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Is there something like that? It would be fake if there is unregulated paper money circulating in the community. Such question is not a deal to begin with and cannot be true due to the government not allowing such currency.

Yes there is, for example Bristol, England - they do have their own currency which is accepted in many shops. Another city, Hull, was going to run their own cryptocurrency but I don't know how successful they are. Some cities popular with tourists also run their own currencies e.g. Polish Łeba. 

Interesting article: Local UK currencies

[Michael_Cox]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Is there something like that? It would be fake if there is unregulated paper money circulating in the community. Such question is not a deal to begin with and cannot be true due to the government not allowing such currency.

Why does this give me the impression of play money? Also, if this is going to come to fruition, there will be a lot of people printing their own fake bills. I'd rather stick with bitcoins. At least it's got some value.

[pozmu]

Why does this give me the impression of play money? Also, if this is going to come to fruition, there will be a lot of people printing their own fake bills. I'd rather stick with bitcoins. At least it's got some value.

Bitcoin was called play money in beginning, it was also called ponzi scheme, scam, fraud etc.

And what about vouchers, would you call a voucher play money?

[Emily_Davis]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Does this mean that this paper money will actually be either private or issued by any business structures? And what will they be provided with and what is the guarantee that the individuals or legal entities who issued them will not go bankrupt in the future? No, I think that such money will not have value and will not be in demand. In any case, I would never use them.

Also, if there will ever be an alternative paper money that is unregulated by the government, it won't last because aside from bitcoin, it will have a greater competition with the regulated paper money that everyone else is already using. Why would people switch to something that doesn't have value to begin with?

[HabBear]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Nope. Because "unregulated" and "by the government" are opposite, contradicting things that are impossible to exist side by side. What you describe can only be a scam in its implementation.

[Twentyonepaylots]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Nope. Because "unregulated" and "by the government" are opposite, contradicting things that are impossible to exist side by side. What you describe can only be a scam in its implementation.

   I am not comfortable to agree with the above topic as stated, No government will have such an alternative paper money out for circulation besides the authorized government money under regulation by its Central Bank of each Government. No control for such alternative money out for circulation.

[musharaf]

If we have crypto in paper form and every where it has some departments where this will issue and we can exchange it there and in every country there would some banks for it then the popularity and it's use will be more often than now if this available in paper form then it would be more attractive currency.

[DigitalCyberius]

I remember a few years ago seeing these gold and silver based bills that came in small packs - you would rip each one out like from a checkbook. I've never been able to find the video since, but this is a similar product (if not the same that's been changed) - https://www.peakprosperity.com/podcast/84359/new-way-hold-gold

Gold and/or silver in a papery-like bill would be an excellent alternative currency.

The Cyberius team.

[ice18]

Unregulated means its not approved and not advised to used by the government so if this happens I think no one will use that said fiat money paper money are only controlled by one country and only the government has the right to create and release it no private entity can make another one. 

[Friskaadew]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

of course, it would be very difficult for the public to accept if the money was not regulated by the government, especially if the government that made it would cause a lot of counterfeit money and make the money hit by inflation that in a long time will be very worthless, and from the start it will be very difficult if it is because the public trust will be very minimal on money that has nothing to do with the government. I personally might not use it at all because it will have a very high risk

[Jerryzack2]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

This is not even possible, it means government will have no say or control in the flow of cash. Yes! I will spend such currency though, I think the likes Mfchain innovations working to provide instant fiat to crypto conversion and so many more features bringing about mass adoption of cryptocurrency, creating a border-less economy should be supported. Government currency not contolled is just illusive, no government will create such currency when the have nothing to gain form it.

[batang_bitcoin]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

Why would I use it? what's going to be the purpose?

The government determines the value of a currency and if that is not regulated by them, who's going to predict the value of that currency? Let's except crypto's on this but every currency that exists that didn't came from the government can still be regulated even if it was created or produced by a company.

[Thanasis]

If there was an alternative currency (paper money) unregulated by the Government would you use it?

If it is decentralized then we can use it just like the crypto currencies or if someone backed up that currency than government then it has lot of negativities than the paper currency regulated by the governments.But it is impossible to make such kind of money in paper format because it will be harder to maintain due to the liquidity of the coin.But why we need another new one when we already have cryptos?

[Dimon8]

Yes, I would use this currency, but if it was supported by some value, such as gold or diamonds.

[STT]

Its mostly seen as illegal to use undefined or self issued currency not minted by the government of that nation.   I've heard of a few cases where people just turn out plain metal discs and have gotten into trouble because it was seen as a kind of counterfeiting operation that undermined the tax regime.

If you want to use currency outside of your own countries, its better to take up the established currency of a sovereign nation.    In some cases you can hold a gold or silver coin that is still widely traded and accepted as valid.     I realise some will argue its perfectly fine in theory but in practise it raises eyebrows and some alarm.    Just carrying around large amounts of cash can cause forfeiture for example which is not exactly fair but common as an offfence because of the drugs trade unfortunately