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

[yousufatik]

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.

[bdsharminsoltana]

Yes I wonder it and I thought about it a lot and it was just paper and People excepted it for a precious commodity and use it for to buy something and I think it is not the modern way to use paper money in this century cryptocurrency can be modern money for this century.

[mamun777]

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, you've kinda answered your question - Bitcoin is even more "worthless" than paper money, because it's just a sequence of ones and zeroes. Money is valuable when people believe that it's valuable. Often times opponents of fiat currencies are fans of gold standard, but gold is only different from paper money because it's scarce - if someone would find a huge source of gold, it could become just as worthless in one day. Bitcoin just makes things easier because everyone knows exactly how many Bitcoins are in existence and how many there will be

[HomelandPatriot]

This is not regular paper, this is paper with watermarks backed up with power of the state

[kamal420]

The paper or fiat is being guarantee by the government so the price will always be there, while bitcoin was created by some one or group and the value comes out because there are supply and demand, so without any supply and demands the value will be disappear, this is one that people afraid and for the one that doesn't understand, then the person will consider bitcoin as a fraud

[bdamenaakter]

We use paper money because its approved by the government to use and its effectivity compared to gold if in the early years we discovered the bitcoin/blockchain then I think its the currency we are already using right now because of its finite supply compared to fiat.

[RapidRabbit]

Because a lot of events and processes in history made them
But... do we really us paper so iften right now? Now, if I'm using fiat money, it's always in digital form. I have almost forgot how it is to have this papers with Important People Of Your Country in my wallet. And this change had happen in one decade! And now, we're slowlly switching to crypto (in some countries it has happen already, in Ohio you will be soon able to pay your taxes with bitcoin), and despite different form, it has the same role - to maintain the system, to keep economy stable. The spice must flow! The change from credit cards to credit cards based on bitcoin won't be so radical as change from barter to fiat money. It'll be a process, an in its consequence we'll only change a form of paying, not base of economey itself.

[gribble]

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 opinion because paper money or fiat has been guaranteed by the government so the price will always be there, while bitcoin is made by someone or group and the value will come out because of the supply and demand, so without the supply the value will be lost. so this is one of the most feared people and for people who don't understand, then that person will consider bitcoin as a fraud

[sampoerna]

now the development of technology is increasingly sophisticated and we must be able to follow it well. we know that the cryptocurrency is supported by blockchain technology  which is it will be profitable. therefore we must be able to use it well to get the benefits from it.

[Ahmedalab]

Because paper money or fiat has been guaranteed my the government. Money is valuable when people believe that it's valuable. Often times opponents of fiat currencies are fans of gold standard, but gold is only different from paper money because it's scarce - if someone would find a huge source of gold, it could become just as worthless in one day. Bitcoin just makes things easier because everyone knows exactly how many Bitcoins are in existence and how many there will be

[kenning]

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.

You are right to say we are just using a piece of paper everyday and that paper become valuable because of the government backing. People does not see where is crypto at is because it is too volatility and not backing from government that making it less trustworthy.

[aji678]

I have never questioned and questioned paper as money, because paper has been used globally and the whole world uses paper as money that might retain its historical value. for bitcoin I don't think it's money because bitcoin is a very valuable digital asset, even though it's only a digital asset but it's something that must be owned just like money that can be used to transact and also investment.

[meale]

Economists define money as anything commonly accepted by people for the exchange of goods and services. Although every country has its own system of coins and paper money, other things can also often be used as money.

[Alcor]

To assert that the banknotes of states made of air will be a big mistake. A banknote is guaranteed by the state that you have the right to purchase any goods in society for the sum of its face value and these bills are obligatory for acceptance and payment by all enterprises, institutions and organizations, officials and citizens of this state. Cryptocurrency does not have such guarantees.

[tamango]

people that say that BITCOIN is a ponzi scheme simply don't know anything about it and blockchain and speak without knowledge.  I think that every crypto entusiast like us have to try to inform their friends about the real potential of crypto and how they could change the way we make payments and investments