Do you ever wonders why we are using this paper as money?

[cancoinl2]

People believe paper has a value because the government said so. Strength and reliability of a national currency depend on the financial actions of a certain government. The rates of currencies don’t depend on the amount of gold at the dispose of government and central banks but on their actions.

[yatogami]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

Those pieces of paper were once given some value by people who agreed that paper money should be an equivalent of some physical valuable objects like gold/silver/goods and services provided by the citizens of a country. The same social contract was once applied to cryptocurrencies. In this way, bitcoin is also an equivalent of financial services provided.
The difference from ponzi scheme is that a vast group of people benefits from using crypto, not only the leaders of a scheme.

[shield132]

It's not like that government said and so we use it. We have different demand and different supply, we had a need of something unique, that would be able to be bring me what I want and also collect this from giving what I don't want. At first there were silver and gold coins, then more practical and multifarius, easy to made. So it is for public use but on another hand, there is gold behind money too as an one indicator of it's value. So after coins, we move on paper, then virtual world came and we move on electro money, after that a revolutionary crypto currencies came. It will be interesting to know, what will be in future.

[Snaic]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

Well, firstly, banknotes, this is no longer paper. There are already many different additives that increase their lifespan. Secondly, you apparently do not even understand the basics of financial relations in society if you declare that paper money is a fraud. Better check yourself with the history of the money. The current banknotes are the result of human development over the last two millennia, when leather money first appeared in 118 BC.

[agentx44]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

We use paper as a currency simply because it is used as an material or to represent that it has value for you to work hard and to buy things that you wanted and needed for you to live . We use paper as a currency in a long time because it is hard to used things that is heavy to bring for you to buy things.

[Gabali126]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

Very simple, because our government decided to do this. We are not on our own and we are subject to our authority(i have never wanted to be on our own). We have to follow the rules that they create, if not, humanity cannot live much. And the method of payment was accepted paper money. If you transfer this to people, everyone creates a distinctive type of money.

You are very right. There has to be one thing generally accepted as money. Issued by an authority which we are all subject to its laws and regulations. Otherwise, we shall have many individuals or almost everyone creating his own money.

[Bonsaiav]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

We feel the need to use paper money, because there is a form of propaganda carried out by the government long before we were born and in the end gave birth to assumptions and beliefs in society, that paper money is the only payment method especially when making transactions.

Bitcoin's considered a scam or Ponzi because bitcoin's not a product created by the government, it's only natural if the government and people who work in banking call it a scam or Ponzi, because they are people who hate the existence of crypto/bitcoin especially for officials who love corruption.

[squog]

Well, technically money is not printed on papet but is actually printed on cotton. It is also not printed out of thin air because all of the printed currency if you collect them all with amount to the gokd reserves of a given country. The more reserves thebmore valuable the currency or the more currency a country can print. This is all very much available on the internet.

[ufaiz50]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

Only paper? the paper currency lies in the value of the material used and the history of using money as the use of gold is an extraordinary history in my opinion. I understand what you mean is that people claim and says that the digital currency is a scam and a ponzi, but it directs the topic to paper money and like saying that using paper money doesn't make sense then you are misdirected.

[bangkit tri]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

Only paper? the paper currency lies in the value of the material used and the history of using money as the use of gold is an extraordinary history in my opinion. I understand what you mean is that people claim and says that the digital currency is a scam and a ponzi, but it directs the topic to paper money and like saying that using paper money doesn't make sense then you are misdirected.

of course paper money is a chain of history in the world of transactions. in the era until now, paper money is the most petrified for everyday life. of course for when paper money is still solid to shift

[Burogh]

People start using paper money back up by gold because its more flexible to carry. Beside that, people using paper money because they dont have any other option. Right now, many option we can use like digital money, cryptocurrency or debit card and credit card etc

[aris av]

That's because the government authorizes paper money as a method of payment, and people follow the rules of the government using paper money.

[stephanirain]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

In my own opinion, the reason we are using paper as a money because it represent as an object and it is more comfortable and easy to bring and put it inside your pocket or wallet, instead using precious rocks and metals as an currency. Today, a lot of people are now using virtual money to use as an payment transaction instead bringing your wallet, you only need to bring is your phone.

[Huskarls]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

because the money we physically use every day does have value (although there is debate in this matter that the composition is not really pure). In addition, with the existence of physical form, this use is to avoid theft and also prices can be stable because the spread is evenly distributed and supply can be conditioned when there's an old edition that we must change to the new one

[Silberman]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

Those pieces of paper were once given some value by people who agreed that paper money should be an equivalent of some physical valuable objects like gold/silver/goods and services provided by the citizens of a country. The same social contract was once applied to cryptocurrencies. In this way, bitcoin is also an equivalent of financial services provided.
The difference from ponzi scheme is that a vast group of people benefits from using crypto, not only the leaders of a scheme.

Exactly, at the beginning those pieces of paper were a way to represent real value, they were backed by something, in most cases gold and silver, and you could exchange your paper money for a piece of gold in any bank but then the governments scammed all the world by stopping the ability of their citizens to convert their paper money to real money.

[tapaibuccok]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

I also thought like that, but whatever the reason, money is only a tool used to make it easier for everyone to make buying and selling transactions, using paper to be an exchange is a good thing because paper is not heavy and can be carried anywhere.

[senin]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

Banknotes of various countries are the result of a thousand-year history of the development of financial relations and are still the best and most convenient type of money. This is actually a receipt of the state that you have the right to purchase goods or receive services in the amount of its face value. Paper money is supported by the national wealth of society and is guaranteed by the state. Therefore, as the most convenient form of cash payments, they will exist as long as there are various states.

[bce]

That's because paper currency are believed to have value and are also legitimate by the government, so paper currency can be used to buy all your needs. Not because of the paper, but because of the approval from the government and also a belief that it has value.

what you convey is very true not only crypto currency paper if the government has legalized it and approved the crypto currency as the official currency I think the crypto currency will be held

[nur rochid]

That's because paper currency are believed to have value and are also legitimate by the government, so paper currency can be used to buy all your needs. Not because of the paper, but because of the approval from the government and also a belief that it has value.

what you convey is very true not only crypto currency paper if the government has legalized it and approved the crypto currency as the official currency I think the crypto currency will be held

right, the government does hold the key to being widely used. without the approval of the government, i think the development of crypto as a currency cannot develop as expected

[boyz97]

That's because paper currency are believed to have value and are also legitimate by the government, so paper currency can be used to buy all your needs. Not because of the paper, but because of the approval from the government and also a belief that it has value.

what you convey is very true not only crypto currency paper if the government has legalized it and approved the crypto currency as the official currency I think the crypto currency will be held

right, the government does hold the key to being widely used. without the approval of the government, i think the development of crypto as a currency cannot develop as expected

as this moment government was the key for cryptocurrency future.especially when SEC commision approved ETF , future of cryptocurrency market will be very bright.but unfortunately it would not happen right now.