Paper Money vs. Digital Currency

[CryptoFriend]

The majority of people in the world believe in paper money. They believe it is used to buy and sell goods and services. A currency that is physically visible to the world.
But the world to come is the world of digital currency. Because it's an easy and reliable way to send and receive money anywhere in the world. We can send or receive money in minutes.
But there is a big difference between the two currencies.
Therefore, it is very difficult to adopt digital currency worldwide. Because consumers are not familiar with this new technology and they are not willing to use this payment method. Because they still don't believe in this technology.
So, how do we persuade people to adopt digital currency?

I Translate Only This Page : https://www.altcoinstalks.com/index.php?topic=187284.0

[Nostoman]

90% of the people in our country believe in paper money. However, if the new generation is aware of cryptocurrency, everyone believes that cryptocurrency may be the opposite of money in the future. This means that cryptocurrency can take the place of paper currency for transactions.

I see a lot of popularity of cryptocurrencies. Bitcoin transactions in particular are on the rise. Although the government of the country does not give place to cryptocurrency in the economy, cryptocurrency plays a huge role in the economy. That means cryptocurrencies occupy 30% of the space in the economy.


Cryptocurrency will be used against paper currency in any country. People around the world will believe in digital transactions. When will the virtual currency Bitcoin be used the most.

[Callisto]

Paper money is subject to inflation, so it is better to transfer it into more valuable assets, for example, cryptocurrency is a more valuable asset, it tends to rise in price. Therefore, I vote for cryptocurrency.

[KKH84]

Current developments lead to this, whether we realize it or not gradually everything will change, as before gold was used as a transaction tool because it was considered unsafe to carry gold everywhere (prone to being robbed).  And then use paper money as a transaction tool with a gold backup (although I personally doubt this) and now digital money will replace paper money because paper money is vulnerable to inflation.

[marcsymons]

Paper money will continue to dominate as long as there are nation states and governments are powerful enough to enforce their laws. Fiat currencies exist because the alternatives, such a gold, ultimately failed to meet the demands of the modern world. Bitcoin is similar to gold, but actually worse in the supply is even more constrained.

[nadyn]

In the next 10 years, we are unlikely to switch to digital currency. The dominance of paper money is too great, in my opinion, it should take at least 50 years for society to accept digital money and abandon paper money.

[Confero]

In the next 10 years, we are unlikely to switch to digital currency. The dominance of paper money is too great, in my opinion, it should take at least 50 years for society to accept digital money and abandon paper money.

Bitcoin and paper currency will be used equally in the future, Bitcoin will be used by modern people who are looking for the convenience of being able to transact, while traditional people will still choose paper money.

[masterrex]

The majority of people in the world believe in paper money. They believe it is used to buy and sell goods and services. A currency that is physically visible to the world.
But the world to come is the world of digital currency. Because it's an easy and reliable way to send and receive money anywhere in the world. We can send or receive money in minutes.
But there is a big difference between the two currencies.
Therefore, it is very difficult to adopt digital currency worldwide. Because consumers are not familiar with this new technology and they are not willing to use this payment method. Because they still don't believe in this technology.
So, how do we persuade people to adopt digital currency?

I Translate Only This Page : https://www.altcoinstalks.com/index.php?topic=187284.0

I think it needs more time to adapt and use cryptocurrencies because it was involving a lot of reasons like regulations, availability of the existing technologist and infrastructure thats why it's obvious that the paper money still widely use until theses days but in the near future I believe it will happen for sure.

[Vladok]

We certainly will not go away from paper money, as most people in the world have all savings in paper money, perhaps in 20-30 years, and that will change, but it's too early to say

[CryptoFriend]

We certainly will not go away from paper money, as most people in the world have all savings in paper money, perhaps in 20-30 years, and that will change, but it's too early to say

Yes you are right. it's obvious that the paper money still widely use until theses days but in the near future I believe cryptocurrencies it will happen for sure.

[alltalk]

It will be always debatable about the effectiveness of paper money and digital currency. But I can say if we cannot leave paper money at all. Why not if we have both paper money and digital currency? I think they will complete one another if we have both paper money and digital currency. We cannot rely on digital currency only, it needs the internet. While we know not all places in the world can access the internet. Also, not in all situations that the digital currency can be better to use.

[Fivestar4everMVP]

I don't think you really can persuade a person to change from what they've set their heart to, you can only let or allow them to see and make that decision themselves when ever they feel the time is right for them to.
The best way to bring more people into using digital currencies is for we that are already using it to start accepting it as a means of payment amongst ourselves, and if possible, we can make our primary form of payment for good and services where if anyone walks into your business area, you tell them you no longer accept fiat currencies but digital currencies, and if this same person walks into another store, and they tell him or her the same thing, such person whether young or old would want to know what this digital currencies are and how he or she can own some of it, in this process, more and more people will discover the new form of money and start using it.

[Gurujebs]

Paper money is subject to inflation, so it is better to transfer it into more valuable assets, for example, cryptocurrency is a more valuable asset, it tends to rise in price. Therefore, I vote for cryptocurrency.

This sounds like a comment coming out from a layman. You can't just make money in circulation to mimick the features of crypto, it's going to end up as a disaster if we go through that process.
How will you measure the price of goods peg with crypto, not ideal at all. 

[Seerge]

Paper Money and Bitcoin have their respective advantages, but in my opinion paper money is more trusted by the public even though paper money has many shortcomings when compared to Bitcoin.  Bitcoin is more suitable for investing or trading, because it cannot be done with paper money.  The potential for profit is much greater if we invest in Bitcoin rather than holding large amounts of banknotes for a long time.

[Bit]

Why they believe more in fiat or paper money is because it is a habit. This has been conducted and used for years ago and they are used for daily activities. Many people use more fiat or [aper money than digital currency. Digital currency is new and not all people are using them or common with the digital currency