Alternative currency ( paper money )

[Seeker#9]

I think there is no such thing as alternative and unregulated paper money and only virtual currencies can be unregulated or decentralized. Any paper money or fiat that not issued by the government would be illegal and government will not even create any alternative money that beyond their control. In the older times, they used gold, silvers, porcelain and other goods in the barter trades because they have values even without government approval.

[eann014]

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

As long as I can use it and has a value then why not, of course I will use it if it has a value especially if I can use it for shopping. LOL.

[really01]

A pretty interesting question. To your question, the answer is the current bitcoin. Many people in the world are using and investing in it. However, it is currently not recognized by most countries in the world.

[Ewinsane]

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

I wont use it that paper money. We use fiat paper money because we trust on our government. No authorities can issue paper money without approvement from government

As long as it even comes to that, it becomes illegal pretty fast and there is no way government will even allow that.
In that vein, who is controlling it ? Just someone from somewhere who could just get greedy ? No way! The main reason why paper money has been the way it is till date is that the government issued it and anything outside that is even unacceptable.

The reason we are having digital money in place now is because it is accepted by people and unfortunately government were not the ones who came up with the idea in the first place, otherwise, they would have managed to keep it under their own control.

[CodyAlfaridzi]

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

No. I don't understand how an unregulated paper money could work. Who will have the authority to print the money? How to prevent forgery? Isn't the central authority would be just the same as government?

If I had to choose between this and digitalized fiat, I'd rather choose digital fiat over this. Paper and any other physical money is way too outdated by now.

[TrumpD]

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.

Yeah, but bitcoin derives its value from its community, I guess that's whats makes crypto special. Money has evolved from barter, cowries, coins to notes. People still argue that bitcoin is a ponzi scheme and so forth, try paying them with your coins  .

It took a while for paper money to catch on, but unregulated paper money is a stretch. However, I wouldn't be surprised if it happens at some point in time, and someone manages to hoodwink people. Would it be any different from the tokens all them scammy icos sell? For now the closest to paper money are paper wallets.

[Lumi3004]

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

Every law issued by the government or not issued by the local government in our country of residence, of course we must carry out or use it with the condition not to blame the law, as well as alternative paper money, which is not regulated by the government. the important thing can be for buying and selling transactions and selling on the market.

[Hasbro27]

I will not use it, because paper money is usually issued by a country, and the country that issued money guarantees that the money has value, if the paper money you mean is not issued by a particular country then the money will not be worth

[Boys27]

I am not interested in using paper money as you mean, because I think it's too stocky because the money might be illegal, I'm more interested in using money that already exists today like usd or euro

[Indrawan77]

Its an interesting question, it will depend on how was it created, the reason it was being created and who is the one that created, if the person got a hidden agenda about creating this currency then I won't used it, to be surre maybe I will see how other people reacted to this currency, the currency will have value if there is a supply and demand

[Gagah119]

Of course not, if the paper money is not through regulations or permits from the government then the money is like toy money, paper money becomes valuable after obtaining permission and through various regulations and government words paper money issued by the state is backed up with gold.

[fauzan Ichsan]

Its an interesting question, it will depend on how was it created, the reason it was being created and who is the one that created, if the person got a hidden agenda about creating this currency then I won't used it, to be surre maybe I will see how other people reacted to this currency, the currency will have value if there is a supply and demand

basically the currency will be valuable if there is a transaction, it means there is a need and someone offers. thus there will be an active market circulation so that the trade can run

[Ridwan Fauzi]

Its an interesting question, it will depend on how was it created, the reason it was being created and who is the one that created, if the person got a hidden agenda about creating this currency then I won't used it, to be surre maybe I will see how other people reacted to this currency, the currency will have value if there is a supply and demand

Agree, someone must see the creator of the money paper. Most of the money fiat/money paper will be regulated by the government and if someone tries to make a money paper on their own in that country, I am sure that it is an illegal act, the government will immediately pick up someone to be tried. And I am sure, a money paper made by someone without a valid legal basis will have no value and no one will use it as a transaction system.

[patarfweefwee]

The question ultimately is if that aforementioned alternative currency could be used in exchange for goods and services of could be used as a sort of investment to be exchanged for a currency that could be used to exchange goods and services. If not then there is no point in using it or having it.

[Chairul Muttaqin]

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

Of course no, who will print it??? Who will make sure that there is no counterfeit of it. Bitcoin maximum amount is limited and people know  amd sure about it because this is publicly viewable. Why paper money?? It can easily counterfeited, burned, ripped, and bring many germ. Why I would choose conventional than the modern one??

[hawkins]

Its an interesting question, it will depend on how was it created, the reason it was being created and who is the one that created, if the person got a hidden agenda about creating this currency then I won't used it, to be surre maybe I will see how other people reacted to this currency, the currency will have value if there is a supply and demand

alternatives to banknotes or payment instruments are actually quite a lot, even in some places the exchange of goods still exists. well, but it all depends on the people involved. we also can still use gold, or other items.

[rez303]

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

Currently I am using that currency, which is crypto. The government can not control my money. I can earn money from it and they have not promulgated the law on this. When the government did not intervene, I've made more money.

[Snaic]

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

Of course not. It would be useless paper. The whole power of paper bills is that they are issued by states and their circulation is mandatory for use on the territory of the state, guaranteed by the state and supported by the material values of this state and its gold and currency reserves. If such bills are guaranteed by individual business structures, these will actually be their shares, these forms already exist, and for this, nothing extra need be invented. Everything has long been thought out and works.

[wuvdoll]

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

Alternative paper banknotes that is unregulated by the government sounds like just counterfeit money.

I mean I wouldn't say I won't use it but it would need to become very popular. For example, back in my childhood McDonald started a new campaign and they were giving out paper money for their business, it wasn't actually "money" but just coupons to be spent there, there was some menu options where you give the ticket and they give you menu and there were just plain of "this much amount" type tickets as well.

If there was a bigger version of this than I would totally use it too. There was a huge gift card company that went bankrupt here but their gift cards were capable of using anywhere you go and you can buy anything you want with it. People started to give gift cards to each other as presents so that person could go to any shop they want and get anything they like. So there are similar ideas.

[noormcs5]

I think there is no such thing as alternative and unregulated paper money and only virtual currencies can be unregulated or decentralized. Any paper money or fiat that not issued by the government would be illegal and government will not even create any alternative money that beyond their control. In the older times, they used gold, silvers, porcelain and other goods in the barter trades because they have values even without government approval.

In bitcoin world,  Alternate currencies are the "Altcoins" and not the Fiat. Fiat is already there and we are getting rid of Paper money in order to use digital currency which has much more benefits than the old paper notes.