Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: CryptoFriend on January 22, 2021, 08:39:47 AM
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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?
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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.
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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.
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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.
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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.
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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.
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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.
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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?
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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.
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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
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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.
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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.
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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.
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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. :D
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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.
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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
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We can see many countries have created digital currencies. They know in the future, every country needs digital currency to have an effective financial system. Yep, paper money and digital money seem to use together in the future. So, people will have many options to use money in life.
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Yes I agree that the paper market is more used by people because:
- Used for a long time
- Many people or merchants also accept this money
- Many people are not strange and have been familiar with paper money
- Digital currency is one and not all people can use it
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They believe in paper money because everyone uses it and the country supports it with regulations, digital money will sooner or later be used all over the world, because technology development is getting faster, economic activity will also develop.
Cryptocurrency offers financial freedom, which is why many people believe that cryptocurrency will be massively adopted in the future.
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The new generation of people are more prone to adopt new technology and that is where change can start. In convincing people to go for digital, there is no need to impose it on them because eventually the convenience and speed in using digital money can be enough for them to take a look and maybe try. Now, it does not mean that paper money will really be gone for good because there are remote place and people who may have a hard time adopting the same all because digital money is using technology whereas paper money is not. So what I am seeing is that soon we can see digital and paper money to be two choices for anyone to use and I am sure soon people will have these two options at hand.
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Cashless payments have existed before and they always came with cash. The digitized currencies of states will be more convenient to use, but they will not be able to completely displace paper money from circulation. Sometimes there is a need to complete quick household transactions and one of the parties may not always have the technical means to complete it. In addition, it is necessary to understand that non-cash payments are always full government control over the spending of your money. I personally do not want to always go under such a financial cap.
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~snip~
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?
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Before paper money, we were familiar with the barter system and coins in gold.
This happened because in the past there were no banknotes or fiat currency.
If we look at the current blockchain system and technology, we can wait patiently to see the financial system and transactions and digital currencies will happen, all that takes time and the payment system cycle will always change over time.
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Yes I agree that the paper market is more used by people because:
- Used for a long time
- Many people or merchants also accept this money
- Many people are not strange and have been familiar with paper money
- Digital currency is one and not all people can use it
The main reason to increasing digital currency uses that people are preferring to have some things which have varieties. Digital currency has a varieties and it can use without risks. Paper money also very favourite where digital currency not applicable.
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At the beginning I approached cryptocurrencies for the huge rate of growth and to be able to take advantage of this trend. But subsequently I discovered a new form of digital money and a new industry that is unstoppable. I think that over time it will be able to take on more and more markets until it becomes global.
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paper money will soon end its existence in the next five years, the active introduction of state cryptocurrencies will begin by 2030, I think only collectors will have paper money ;)
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paper money will soon end its existence in the next five years, the active introduction of state cryptocurrencies will begin by 2030, I think only collectors will have paper money ;)
I see you seem very sure of that.
I also have the same view, but in today's systems and technology we need an adequate source of electricity and resources, in the future we will see that everything can be done with 1 click, but all systems will have flaws, we will look at paper currency and digital currencies can be used together.
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In the 90's most people used copper and silver coins. At present evolution has resulted in paper money. Paper coins are used for shopping in various shopping malls. 99% of people believe in paper money. But now virtual currencies are traded. Virtual currency transactions do not require a third party or bank. The transaction is convenient. So the transactions for different organizations and export imports. In those transactions, bitcoin is traded using blockchain technology.
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Indeed, it will be difficult to make or change someone's habits, especially if it is an ingrained belief. I myself am also not sure if people will accept digital money and replace paper money. The process required to educate them will certainly be very long.
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Indeed, it will be difficult to make or change someone's habits, especially if it is an ingrained belief. I myself am also not sure if people will accept digital money and replace paper money. The process required to educate them will certainly be very long.
Yes, you are right. It will need along time to educate people and change their habits.. But I still believe at digital era we will see many people will use digital currency , not use paper money again.
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This is just like the emergence of cars, followed by the development and progress of the times. Society will let us eliminate paper money. Let us enter the era of electronic money. :)
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the use of paper money is still very important and its use is also applied in all sectors and for digital currency, its used for long term assets and there are still many who are reviewing the implementation of the technology applied and its benefits if it is used in the future.
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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?
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You don't need to persuade people to use digital currency, the most important thing to start using digital currency is to make people around the world able to use smart technology that is currently available. that way people will begin to understand the more practical and concise use of digital currency. without understanding the use of technology we will find it difficult to use digital currency.
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In the future digital currencies will dominate the payment system, and banknotes will be abandoned. Everyone will use digital currency without being persuaded, otherwise they will be left behind.
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In the future digital currencies will dominate the payment system, and banknotes will be abandoned. Everyone will use digital currency without being persuaded, otherwise they will be left behind.
Yes, I have seen applications such as modes of transportation and online shop platforms have digital payment methods using stable money such as USDT.
There are many payment options on various trading and transportation platforms, but now crypto has entered into an important component of the transaction system, with its transparency, the Paypal company is willing to buy Bitcoin because they see that there are many crypto users who use Bitcoin for transactions, now we are can send and make transactions using Bitcoin on paypal.
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Now a days Digital Currency is very popular. Because it is more then easier from Paper Money. Digital currency is very easy for transection, and transection fee is low from Paper Money. And Digital currency has no regulatory from government but Paper money controlled by Government. So i think Digital Currency is Best.
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I remember when plastic bank cards were first introduced, the situation was similar, no one understood and did not believe in this payment system, but now in developed countries it is difficult to find a person without a plastic card, so it will be the same with cryptocurrency.
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I don't think the use of paper money is very important. People around the world are now more confident in virtual transactions. Everyone is benefiting by virtual transactions. In other words, it is possible to transact a lot of assets in a very short time. The third does not require any authority. So virtual transactions are now popular. Paper currency transactions are declining.
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Some country paper money suffers what they call inflation due to lack of value so therefore the value depreciate in value, while digital currency have what we call internal value despite that it's anonymous and volitility but if you have the valueable crypto project that has long time investment plan it Will be more better than some country paper money.
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I don't think the use of paper money is very important. People around the world are now more confident in virtual transactions. Everyone is benefiting by virtual transactions. In other words, it is possible to transact a lot of assets in a very short time. The third does not require any authority. So virtual transactions are now popular. Paper currency transactions are declining.
Yes , I see Many people prefer in virtual transaction. It is easier and safety.I think at the coming future we will see virtual transaction is more popular than use paper money. I hope digital era will come soon.
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Yes @Anak Mantu, but a lot of time still has to pass for that. The next generations will use and understand it without any problem, and our generation will too. But I don't think older people feel comfortable or safe. We must remember that there are still many older people who do not know how to use a credit card, and that right now is a difficult problem to solve.
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Obviously digital money is the way forward whether it will be crypto or the CBDCs the future form of the money is definitely going to be digital like we have seen almost everything going digital and smart.
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I think we need a comparison to see future trends:
Crypto:
+ Advantages: transparent, safe, decentralized, cheap transaction cost, high speed, no intermediaries required;
+ Disadvantage: requires modern equipment & internet. Legal issues that threaten the power of governments.
Fiat:
+ Advantages: Government issue & value guaranteed. Easily accessible to everyone.
+ Disadvantage: devaluation, lack of transparency, easy to be counterfeited.
As such, crypto will become a trend for users with conditions and in countries that are open to crypto. And fiat will continue to exist in developing countries and reach normal people, who don't have chance to use smart devices and internet.
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Are digital currency and cryptocurrency the same? I have no idea to persuade people to use digital currency in my country. Especially, to use digital currency for payment purposes. Our government doesn't allow us to use cryptocurrency for payment purposes. We just use it for digital investment.
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both paper money and also digital currency have their own characteristics, positive and also negative sides. Imagine that this is a technology ear, so the use of digital currency should be much better in order to find a good place for the crypto to stand with good beleive and also trust especially that crypto will make the easier and more efficient story
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I don't think the use of paper money is very important. People around the world are now more confident in virtual transactions.
In certain circumstances paper money is certainly important, but this is where we must understand, paper money and digital money are both we need, because in certain circumstances we need one of them to facilitate transactions.
As an example for transactions between countries, of course we will choose digital money because it is very easy to use,
but when formal transactions require using paper money, of course we will use paper money instead of digital money.
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banknotes can be used for traditional transactions and of course currently paper money is still widely used for local transactions because not all places have internet access and not everyone understands transactions using digital currency, so banknotes and digital currencies will go hand in hand.
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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?
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I think people need more time to adoption with digital currency. But form 2009 to 2020 we are satisfied with exploration of digital currency. Specially in nCOVID season digital currency has more explored. So i think we digital currency has more future side by hard money.
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The most striking difference between cryptanages and paper money is that cryptic payments are only available digitally, while paper money exists in physical form.
Paper currency currencies are central, cryptic decentralized. While a central authority (banknote) exists in the paper money system and prints money, there is no such central authority in cryptic currency. There is no bitcoin bank or the like.
Instead, cryptures are based on the blockchain , a kind of decentralized database that stores all the financial transactions that have ever been done.
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I think paper money is actually much less effective, besides being wasteful of paper, paper money is also more difficult to carry around in large quantities. In contrast to digital money, which we store only in digital wallets on our gadgets. Very easy to carry, very effective and can save paper.
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Most people are accustomed to fiat money and therefore it will take a huge amount of time for the whole world to switch to digital currencies and gradually more and more people are becoming interested in digital currencies, and if this will continue, then in the future there is such a possibility that digital currencies will replace fiat, but this is still only a theory.
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I myself prefer digital currency. But of course it will be very difficult to convince ordinary people to be able to switch to digital money. They definitely need a process to change their habits and it's very long.
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Paper money is very easy to be sued for the daily transactions, moreover the direct transaction in a counrty. However digital currency is also very easy to be used for transactions in the far distance, global, and also hurry payment but no pape rmoeny. Here, we cannot replace or choose only one of them. Both are good for our daily life
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Paper money is very easy to be sued for the daily transactions, moreover the direct transaction in a counrty. However digital currency is also very easy to be used for transactions in the far distance, global, and also hurry payment but no pape rmoeny. Here, we cannot replace or choose only one of them. Both are good for our daily life
Yes , you are right. Paper money is very easy to be used for the daily transaction. Because it's habits. When digital ear coming, I think all people will use digital currency. Because digital currency is more easier, faster and safety.
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It is not our duty to let the world adopt the digital system. The government is the responsible to make it. I think more years to come before the digital finance will boom in the world. this days where the people in the world are not ready to accept the digital so it will take more time to adopt the system.
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The good thing about using digital money among many other things will be the speed and security (that is always a variable) of use it has. The bad as always depends on who issues that digital money, it will be the governments of each country, and that is the worst, we will once again be at the mercy of their control over our funds, and I think that's the first thing to avoid for there to really be a change.
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People are already quite actively switching to non-cash forms of payments. I see no point in speeding up this process. And it is also dangerous to completely switch to digital payments. We don't need such extremes. Cash and non-cash money have their own advantages and disadvantages. Therefore, they must continue to walk in parallel. Let everyone choose the most convenient payment method depending on the specific situation.
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Maybe people until now is still struggling to use this new type of technology because most of them are not techies. But time will come when the old generation will passed and new generation is controlling the world which is I believe there will be no more resistance for digital world.
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persuading people to buy digital currency is quite difficult many people don't understand about crypto currency, actually crypto is very easy for people who understand and understand but it is difficult for ordinary people to digest so many people misinterpret it now paper money is so bad for in the future, because it is so different, paper money has no selling value and one day it will fall, it has no value later.
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Now we are live at digital era. In this century people are not like to use paper money they get flexibility by using digital currency. Covid-19 is ongoing, health annalist express that digital money is very much secure at the pandemic situation. So i realize it is very much adoptable in any situations. That is why i corroborate Digital Currency.
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what many people think is of course whether digital currency is safe or not if I give directions to people who are still doubtful about its security besides that there are still many people who don't know the Internet so maybe gradually people will get to know
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So, how do we persuade people to adopt digital currency?
I think people inevitably will follow the times, so automatically they will follow the current technology trends. Especially if they have a business that deals with transactions they don't want to be out of date.
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To convince the world that they use cryptocurrency, at the moment, in my opinion, it is impossible, because everyone is used to ordinary forms of payment. I think this moment will come, but not soon, first of all, the state should accept the cryptocurrency.
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No need to persuade them because the time will make them decide to accept this new way of transaction. For now the information they keep on hearing from every crypto adoptersis enough to condition their mind and see how convenient the digital way.
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Many things have changed day by day all over the world. In the future, there will be a day in the world when the introduction of digital currency in all countries of the world is just a matter of time. However, it will take some time for the government to continue with the introduction of digital currency in the country.
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The factor for everything is this, because the factor of acceptance of this cryptocurrency is really difficult for the country.
The country concerns everyone's life so there is no way that cryptocurrency will be accepted by everyone, except maybe cryptocurrency is a stable coin.
It is very risky if a country accepts cryptocurrency to pay in its country because of its uncertain price.
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I saw several places in several countries starting to accept digital money payments
I am sure that I do not rule out the possibility that digital money will be accepted in the world
with that we must promote digital money so that it is quickly recognized and accepted by all people and countries
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I do not agree if you make Fiat vs Crypto, Fiat and crypto are together. You can't buy a cryptocurrency without fiat money, and if you want to buy staple food in the market you must using fiat, right.. But for investment, we all know that Fiat not an investment, and crypto is
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The use of paper money is mostly in practice because the currency of all countries is on paper money, while digital currency is used only by a select few who have sufficient resources.
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The use of paper money is mostly in practice because the currency of all countries is on paper money, while digital currency is used only by a select few who have sufficient resources.
That right, Fiat money have their own usage and crypto also, but cryptocurrency is not only as a payment method but investment method
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though its not easy as of now, as time pass by people can be influence little by little, but not all at a goal, so it will be gradual process, people will get used to it and gain confidence in it before it can be widely acceptable.
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Why I feel digital money will find it difficult to gain mass adoption (less than 30% of the world population uses cryptocurrencies) is because,most coins have cap and are not very tradable in small units.Who would want to exchange his bitcoin for food,knowing very well that bitcoin is limited in number.Also we need to have a way of dealing with the ever changing price of most cryptocurrencies.Imagine getting paid your salary in bitcoin?.whose price flunctuates daily.If only there was a method to ensure the price of good and services are reflective of the changes in the value of the cryptocurrency used in purchasing them,it would be nice.
Lastly,I feel there should be little evidence to trace a transaction between two people.For instance Mr A sends bitcoin to Mr B,it would aid mass adoption if Mr A can have a receipt or something to signify he indeed sent something to Mr B in case of disputes that may arise.
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Paper money is old and traditional so people have come to trust it over the years. Digital money/cryptocurrency is more popular among the Millenials because they are born in the age of digital revolution so it's easier for the younger generation to embrace it.
Mainstream adoption of cryptocurrencies will take a lot of effort via massive awareness/education, simplification of UX/UI of dApps, and some form of regulation of the space.
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Everything needs a process and I believe that someday digital currency will play a large role as a means of payment throughout the world, but I am not sure that paper currency will be eliminated. Paper currency and digital currency will be used equally.
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The process of phasing out paper money with digital currencies will be gradual and should not be pushed. In addition, paper money will still remain in the foreseeable future and will run in parallel with digital.
It should also be borne in mind that the concept of digital money is also different. States, it seems, will practically all issue their national digitized central bank currencies and this will change the world a lot. They will combine the benefits of conventional and digital money. Let's see what happens.
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Well I believe all people in the world will slowly adopting digital currency in the future but I hope that paper money will still exist because in case you lost your mobile or no internet then use paper money as a second payment option.
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A shift to digital currencies would make it easier to implement negative interest rates, which would go a long way toward restoring the potency of monetary policy in crises. The post-pandemic world will move very fast in payments technologies. Paper Money and Digital Currency they are currently interconnected.
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Everything took a long time to introduce crypto to people, because several countries had not legalized cryptocurrency either. For example, recently India will make a regulation on the prohibition of cryptocurrencies.
but I believe in the future all countries will definitely legalize cryptocurrency for transactions
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@piqulhdt28 governments can make anything in their interest illegal, but they cannot prevent it from being done, this is how history has shown since its inception. When time passes and governments realize their mistake, they will do the opposite. They fear what they do not know and does not benefit the elites.
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I think the only way we can make majority of the public to start using digital currency is by reaching them, although it seems a bit hard cause there are so many people who have been left behind in terms of technology wise more one of the disadvantage of digital currency which is you won't be able to send or receive money in your wallet without a good data connection, could be the reason people still prefer paper money.
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Everything took a long time to introduce crypto to people, because several countries had not legalized cryptocurrency either. For example, recently India will make a regulation on the prohibition of cryptocurrencies.
but I believe in the future all countries will definitely legalize cryptocurrency for transactions
Me too, I think at the coming future I believe crypto currency will be legalized. Crypto currency is the future currency , It will replace fiat money at the coming future . Maybe several people said It is difficult. But Anything can happen
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State can more easy to control digital currency, so paper money will be used less and less. There are advantages here, but also here there are cons.
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I think paper money will not disappear completely, but electronic currency in very many will replace physical money, since this electronic currency is easier to control, thus more and more cryptocurrency will be used.
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Due to the introduction of paper currency in my country. People in my country believe in paper money. They trade everything through paper money. But those like me who believe in cryptocurrency are more interested in the introduction of digital currency. However, in the future, at some point in time, the circulation of paper money will also increase in my country and the circulation of digital currency will increase.
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@piqulhdt28 governments can make anything in their interest illegal, but they cannot prevent it from being done, this is how history has shown since its inception. When time passes and governments realize their mistake, they will do the opposite. They fear what they do not know and does not benefit the elites.
their reason is because they are afraid that competition does not benefit the elites in the country, for example, banks in their country will find it difficult to compete if crypto is legalized in that country.
Me too, I think at the coming future I believe crypto currency will be legalized. Crypto currency is the future currency , It will replace fiat money at the coming future . Maybe several people said It is difficult. But Anything can happen
We don't know the future picture yet, but hopefully it can replace fiat money, it all depends on the government in a country. because all that makes regulations about crypto is the government.
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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.
Yes, you're right, paper money is subject to inflation. But I think the government will control the inflation. Digital currency is unpredictable and high on volatility, I think government will not accept crypto currency to replace their fiat money. But If you want to get profit, you can invest in crypto.
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Digital currency is not a cryptocurrency. The introduction of digital money gives the government full control over transactions and blocking digital currency accounts.
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Digital currency is not a cryptocurrency. The introduction of digital money gives the government full control over transactions and blocking digital currency accounts.
I agree that the digital currency does not cease to be a fiat. The advantages of digital currency are full control of transactions by the state, and digital currency acts as an alternative to cryptocurrencies, but unlike cryptocurrency, it has full control over it.
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Have been using paper money as long as I can remember and I don't blame the people for having so much trust in it and they fear digital money because of the scam stories they have heard about it, also not everyone has caught up with the technological world a more reason why people still use fiat over crypto, they don't understand what is a crypto wallet or how to operate it, all this are the major barriers holding crypto from mass adoption,if we can break this barrier then crypto will massively adopted even in the rural areas.
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Have been using paper money as long as I can remember and I don't blame the people for having so much trust in it and they fear digital money because of the scam stories they have heard about it, also not everyone has caught up with the technological world a more reason why people still use fiat over crypto, they don't understand what is a crypto wallet or how to operate it, all this are the major barriers holding crypto from mass adoption,if we can break this barrier then crypto will massively adopted even in the rural areas.
I have not heard about the introduction of cryptocurrency in rural areas, if it is not difficult to give a couple of examples. As for paper currency, many people are just more familiar, more convenient to use paper currency. :)
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Have been using paper money as long as I can remember and I don't blame the people for having so much trust in it and they fear digital money because of the scam stories they have heard about it, also not everyone has caught up with the technological world a more reason why people still use fiat over crypto, they don't understand what is a crypto wallet or how to operate it, all this are the major barriers holding crypto from mass adoption,if we can break this barrier then crypto will massively adopted even in the rural areas.
I have not heard about the introduction of cryptocurrency in rural areas, if it is not difficult to give a couple of examples. As for paper currency, many people are just more familiar, more convenient to use paper currency. :)
in some countries, people in rural areas do not even have ATMs or payment terminals because banks do not want to service remote systems. Perhaps cryptocurrencies and online payments using cryptocurrency would be a good way out, but for the countryside today, cryptocurrency is unavailable due to lack of knowledge.
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In my opinion digital money is more important than paper money in paper money there we can do corruption but in digital currency there is no chance of doing it digital currency is the future and we all should invest in it
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Have been using paper money as long as I can remember and I don't blame the people for having so much trust in it and they fear digital money because of the scam stories they have heard about it, also not everyone has caught up with the technological world a more reason why people still use fiat over crypto, they don't understand what is a crypto wallet or how to operate it, all this are the major barriers holding crypto from mass adoption,if we can break this barrier then crypto will massively adopted even in the rural areas.
I have not heard about the introduction of cryptocurrency in rural areas, if it is not difficult to give a couple of examples. As for paper currency, many people are just more familiar, more convenient to use paper currency. :)
in some countries, people in rural areas do not even have ATMs or payment terminals because banks do not want to service remote systems. Perhaps cryptocurrencies and online payments using cryptocurrency would be a good way out, but for the countryside today, cryptocurrency is unavailable due to lack of knowledge.
Yes, the countryside lags behind in the development of cities and they simply do not need cryptocurrency.
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That is another negative point, the rural areas far from the population centers. As you are commenting in rural areas, banks are not interested in putting ATMs due to the high cost of the service and the little use that citizens will give it, but it must also be borne in mind that in most rural areas there are no Internet connection, at least in my country. And without internet connections, citizens of those areas won't be able to use cryptocurrencies either, so the problem is twofold, the lack of infrastructure and the ignorance of cryptocurrencies.
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in some countries, people in rural areas do not even have ATMs or payment terminals because banks do not want to service remote systems. Perhaps cryptocurrencies and online payments using cryptocurrency would be a good way out, but for the countryside today, cryptocurrency is unavailable due to lack of knowledge.
I think It's a good idea , crypto will be a good solution for country side if don't even ATMs. But we must consider about internet connection. If the countries side have internet connection, I think crypto currency will be used at there. They have to learn about crypto as payment
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I personally prefer digital currency more about this. But paper money is still in circulation in my country. Paper money is used for all kinds of transactions. So everyone in my country prefers paper money. They can easily buy and sell any product with paper money. So I keep saving paper money right now. But hopefully in the future when the circulation of digital currency increases, everyone in my country will be interested in digital currency.
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If I have both paper money and digital currencies, it means that I just have two opportunities to pay or buy something, instead of one. If electricity is cut off all over the earth, then any money will lose its value. But such a scenario is unlikely.
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If I have both paper money and digital currencies, it means that I just have two opportunities to pay or buy something, instead of one. If electricity is cut off all over the earth, then any money will lose its value. But such a scenario is unlikely.
I completely agree that you cannot have all your savings in electronic currency, there must be at least a small amount of savings in paper currency
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That is another negative point, the rural areas far from the population centers. As you are commenting in rural areas, banks are not interested in putting ATMs due to the high cost of the service and the little use that citizens will give it, but it must also be borne in mind that in most rural areas there are no Internet connection, at least in my country. And without internet connections, citizens of those areas won't be able to use cryptocurrencies either, so the problem is twofold, the lack of infrastructure and the ignorance of cryptocurrencies.
Unfortunately, this is the real world, if it is very bad in the village, then the best way is to move to live in the city when you are a student. You can also organize a fundraiser to connect the Internet from the nearest city.
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Unfortunately, this is the real world, if it is very bad in the village, then the best way is to move to live in the city when you are a student. You can also organize a fundraiser to connect the Internet from the nearest city.
That would be an option @MishaSER, but not everyone can go to town. There are people who do not have the economic capacity to do so, especially the elderly, the little money they have is used to send their children or grandchildren to study in the city. I think being able to use the internet in rural areas with StarLink would be a good solution for all those citizens.
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Unfortunately, this is the real world, if it is very bad in the village, then the best way is to move to live in the city when you are a student. You can also organize a fundraiser to connect the Internet from the nearest city.
That would be an option @MishaSER, but not everyone can go to town. There are people who do not have the economic capacity to do so, especially the elderly, the little money they have is used to send their children or grandchildren to study in the city. I think being able to use the internet in rural areas with StarLink would be a good solution for all those citizens.
Everything is gradually moving towards this, technologies are being introduced more and more. I think everyone should have the Internet, for this is the future.
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If I have both paper money and digital currencies, it means that I just have two opportunities to pay or buy something, instead of one. If electricity is cut off all over the earth, then any money will lose its value. But such a scenario is unlikely.
Yes, I think for now, we still use both. Paper money and digital currency, We cannot replace paper money with digital currency. As you said, we have two opportunities to pay and buy something. We can use paper money or digital currency.
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Don't persuade everyone to enter cryptocurrency but let them understand for themselves what cryptocurrency is because cryptocurrency is full of uncertainty.
It is better for us to keep quiet and continue to develop our expertise in cryptocurrency trading because every day there is always good in cryptocurrency changes and this is definitely more convenient for us than persuading everyone to enter cryptocurrency.
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We are talking about technology in the Cryptocurrency asset that uses internet money like digital asset, like internet money since people have grow up with paper money and it looks like it's difficult to adopt because people believe that anything from internet is not real with that mentality people are always left out in the era of digital currencies.
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We are talking about technology in the Cryptocurrency asset that uses internet money like digital asset, like internet money since people have grow up with paper money and it looks like it's difficult to adopt because people believe that anything from internet is not real with that mentality people are always left out in the era of digital currencies.
Yes, I see many people believe that anything from internet is not real, but It will take several years again. maybe they didn't know about technology and crypto currency. I think Paper money will be replaced by Digital currency.
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actually, paper money or digital currency have their respective advantages. not everyone knows or can accept digital coins for their daily life. maybe people who already know will prefer digital coins for their own reasons, which is certain if using digital coins should really be more careful.
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Papar money and digital currency both are very important but it varies from counties to countries because where digital currency are accepted there from digital currency more popular than paper money
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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?
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I believe with time this will be realize as in the adoption of digital currency like cryptos and this is due to technological awareness, availability and understanding like you said. A lot of people still dont have access to and hence lack the understanding of all this technological gadgets/features that can facilitate all digital currency transaction and until this is widely accessible, it would be difficult for Digital currency to take over paper money.
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I think there is no need to convince people to switch to the world of cryptocurrency, this is the popularization of cryptocurrency itself, the hype around it, it does this process itself, more and more people begin to believe in it, you just need to wait.
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The two are different. However, the circulation of digital currency has increased over time. Easy to carry. Fast transactions Due to all these, the popularity of digital currency is increasing. Paper coins are rarely used nowadays
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it's true that we must keep up with technological developments, but we know that not everyone can accept the digital currency. I think it will be quite difficult to persuade ordinary people to adopt digital currency because most lay people find paper money more effective
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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?
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Nowadays, I think out of 100% it is still 95% all over the world remain dependent on paper money.
But both are helpful to everyone actually, in fact, paper money and digital currency are also helping one another, just like if someone wants to send money from the other country they can use digital currency to do it.
And this was already proven and tested to me and also to some of the community here as well for sure.
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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?
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Unfortunately, the current cryptocurrency is not yet an easy and reliable way to manage our finances. To learn how to work with cryptocurrency, you need to spend quite a decent amount of time, and this is what people do not want or cannot afford. Many make various mistakes and because of this, they lose access to their wallets and their cryptocurrency. It certainly scares people off.
The transition to the use of digital currency should occur gradually and as it improves. This process is lengthy and not for one generation.
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Till today paper money is dominating world economy , though the crypto currency is being familiar and popular day by day. The modern world is being digitalized gradually; at the same time new generation do not think except digitalization; so the demand of digital money will be increased day by day moreover it is easy to transect.
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No one should doubt that digital money will displace paper money from circulation. But it will not be an ordinary cryptocurrency, but a national digital currency issued by the governments of various countries.
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Paper money will become obsolete at some point, maybe it will become obsolete in the next generation. One day digital currency will be everything. Will force everything to happen. Many things in the world have now become digital currency based in many countries. The demand for banks is slowly declining. People are converting to digital currency as there are many benefits to digital currency from paper money to transactions.
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I don't see any reason to vote for paper currency! The dollar as an international paper means of payment is not backed by any valuable minerals or other form of physical capital, so it is simply a fiction of the global financial market. Cryptocurrency is the future means of payment, only payments will be very simplified compared to today's technologies.
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Both fiat currency and cryptocurrency are good, they are both used for different purposes. Almost all of the people are using fiat currency because this is the standard one and no one can live without it because they are using it to sustain their daily needs and wants while cryptocurrency is still new for the eyes and ears of many people because it is used on the internet and some are not familiar with using the internet and some are now having a stable internet connection.
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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?
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There will be no need for persuasion, more People will still come around to use the digital currency, that is cryptocurrency but this will be only those that have the knowledge to do so because like we all know, digital currency even though it is easier and faster for most crossover transactions, it need the know how which most people for now wont be able to do.
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In my opinion, from the differences between each, there are some advantages and disadvantages, in terms of use, it is clear that digital money is superior because it is easy and can be used anywhere and from a security point of view, I think paper money is superior because it can be stored in a bank. At present although the value of paper money is higher then digital currency but in future digital currency will dominate every where in the world.
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Trust me, I believe in digital currency more then paper money. Cz, I always love to hold my money in decentralized place. So, Cryptocurrency, specially BTC is best for it. Paper money always centralized. I need to use paper money. But, I love to hold my money in digital currency.
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Of course, it will still be very difficult to accept and use cryptocurrency in everyday life, but we will have to give up paper money very quickly and even the government will be interested in this. today, almost all countries are advocating for citizens to switch to cashless payments and get rid of the habit of using paper money.
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Paper money is that which have physical entity that means can be store physically or can be showing to others. Paper money can be centralized by the government or by the central bank of that country that means centralized by the government. One the other hand digital currency is that which has no regulatory firm or organization. Its actually decentralized funds where no one can be operated this. Digital currency has the scope for operating globally and the popularity of digital currency is growing day by day.
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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
Yes, that's true, people doesn't familiar with digital currency. But I think digital currency is the future currency. It will be more popular at the coming year. Not easy to change the habit of people that used paper money for their transaction, as many people said he. But It must be happen.
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Paper money is old-fashioned in current society through it's still heavily used everywhere. We are seeing digital money as fiat and cryptocurrency which offers more security, reliabilities, and more opportunity for society. Digital money is the key to making a digital society and country. Both have advantages and disadvantages but I am on the side of digital currency.
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It still takes a lot of time to adopt and use digital currency for payment instruments. Due to many reasons such as regulatory issues, infrastructure and the availability of existing technology. That is why paper money still dominates as a legal tender in this world. I think digital currency and paper money will be used together in the future.
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You are saying right! There are two different types of currencies in the world. And they are very different with their use case. One is a global currency of the world. And the paper currency varies from country to country currency. Digital currency can only be used through internet. But paper currency can be used anytime, and without internet.
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When debts are collected, much of the income a country makes. When people borrow money, banks make money. Taking the US dollar case: if no borrowings were issued, perhaps no dollars would be circulating. And other words, the US dollar wouldn't be out there in the world without customers borrowing from banks.
Though fiat money seems to have a large share of its debt worth, Bitcoin is not. Beyond the faith of his group Bitcoin has its inherent value. Bitcoin is not dependent on a loan system; its worth depends on how useful it is as an investment medium.
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And who said that they need to be convinced to switch to digital currency. And who decided that digital currencies are the future? Ordinary paper money will still be in use for a very long time and this is right and good.
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Digital mоnеу аrе mоnеу uѕеd on the іntеrnеt. ... Digital сurrеnсіеѕ аrе centralized; thеrе іѕ a grоuр оf реорlе аnd соmрutеrѕ that rеgulаtеѕ thе state of the trаnѕасtіоnѕ іn the nеtwоrk. Crурtосurrеnсіеѕ аrе decentralized, аnd thе regulations аrе mаdе bу thе mаjоrіtу оf the community.
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Paper money is that which have physical entity that means can be store physically or can be showing to others. Paper money can be centralized by the government or by the central bank of that country that means centralized by the government. One the other hand digital currency is that which has no regulatory firm or organization. Its actually decentralized funds where no one can be operated this. Digital currency has the scope for operating globally and the popularity of digital currency is growing day by day.
Paper money is only centralized as it is issued by the central bank of the state. Although they are outdated, under certain circumstances they are often not replaceable and are very convenient when used as a means of payment, and therefore they should still exist for a long time. Especially if the pace of technological progress slows down due to natural disasters, human war or other factors. The use of cryptocurrencies and other digital currencies will continue to expand, but we still need paper money.
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The fact remains that, both type of currency will still be in use going forward into the future. Digital money (crypto) might have some same functionality like paper money but there are some limitations too to it.
Even the limited knowledge of it by most people is a minus regardless of its efficiency.
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And who said that they need to be convinced to switch to digital currency. And who decided that digital currencies are the future? Ordinary paper money will still be in use for a very long time and this is right and good.
No doubt. In the world, were people still exchange goods/services to goods/services (like in ancient times), paper money will exist for a very long time. Another fact that paper money will be used for a long time is shady economy. As long as people will be greedy and ready to pay less than original price, paper money will exist.
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I'm going to correct you a bit, it's seconds, not minutes.
Fiat money as we know it will be a thing of the past. It also pollutes, it is not green and something that is more serious, they are centralized.
On the other hand, the Blockchain is the opposite...
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If the entire global economic system were redone for the use of cryptocurrency, including interstate relations, payment of wages, payment for goods and services, etc., then the entire population would be forced to use crypto. And for this, time and aspiration on the part of the state must pass.
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both have their respective advantages and to persuade ordinary people to use the digital currency I think it will be quite difficult because not everyone is interested in digital currency. what is certain is that it takes quite a long time if you want the digital currency to be used for transactions especially by ordinary people in the world
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Well i can say that paper money is still the people's choice. I believe that there are a lot of people that still doesn't know about crypto for now. Maybe in the next few years people will choice crypto if they know how convenient crypto is. We cannot deny the fact that we are now in the modern world and high technology so i believe that people in the near future will used crypto than paper money.
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No need to debate which one is better because both have valuable and different function. My government have discussion to replace paper money on digital currency to avoid crime and saving data transaction, for me that's great. Paper money will always exist but use digital currency technology, in future that will happen and we should prepare about it.
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Paper money I think is still has power because that's what people of the are used to we can't change that facts but in terms of digitality and economic development digital currency are more advanced compare to paper money of some countries which the value is liable devaluation.
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Apart from the fear that most people feel for the unknown and that several generations have to pass to fully educate the population about the digital world in which we live, we must not forget that many people distrust cryptocurrencies and everything digital just because they can't touch it. It may sound silly, but it is important. It takes a long time to fully utilize our funds fully digitally.
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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?
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Paper money is more accessible than digital money now a days and its the main reason people are still with paper money. Also there need more awareness and education about digital money, so that people can understand about it. Also there have matter of transaction fees, because of that people are holding their money in cash more than digital money. Otherwise they will have to pay an amount of fee everytime they do a transection.
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The imposition of digital currency must be done by governments and banks.If a country successfully launches a (CBDC)Central Bank Digital Currency or a private payment system, it can change international capital flows substantially. Therefore, the dollar, as the most prominent reserve currency, could lose its dominance.
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The imposition of digital currency must be done by governments and banks.If a country successfully launches a (CBDC)Central Bank Digital Currency or a private payment system, it can change international capital flows substantially. Therefore, the dollar, as the most prominent reserve currency, could lose its dominance.
I think the dollar will not lose, everything will remain in its place, only the currency will not be paper, but electronic.
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It's not about people's belief in paper money. Paper money is issued by the state and is guaranteed by the state as a method of payment for any transactions on its territory. The circulation of digital currency, cryptocurrency is not yet guaranteed by anything and anyone. Only by the general availability of blockchain technology. The statement that cryptocurrency is simple and reliable is not yet true. Cryptocurrency is still quite difficult for ordinary people to understand, both in theory and in practical use. Cryptocurrency is not only a simple transfer of funds from one address to another. Here, first of all, you need to have extensive knowledge in order to protect it from hackers and scammers and prevent numerous mistakes. In addition, it is still developing rapidly and therefore the rules for working with it are rapidly changing. Therefore, working with cryptocurrency is actually not as easy as it seems at first glance.
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It's not about people's belief in paper money. Paper money is issued by the state and is guaranteed by the state as a method of payment for any transactions on its territory. The circulation of digital currency, cryptocurrency is not yet guaranteed by anything and anyone. Only by the general availability of blockchain technology. The statement that cryptocurrency is simple and reliable is not yet true. Cryptocurrency is still quite difficult for ordinary people to understand, both in theory and in practical use. Cryptocurrency is not only a simple transfer of funds from one address to another. Here, first of all, you need to have extensive knowledge in order to protect it from hackers and scammers and prevent numerous mistakes. In addition, it is still developing rapidly and therefore the rules for working with it are rapidly changing. Therefore, working with cryptocurrency is actually not as easy as it seems at first glance.
I agree that to enter the cryptocurrency, you need to have at least some basic knowledge, and so I think I think that it's a matter of time, in 10-20 years the world will change a lot.
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We shouldn't be too keen to move to digital currency. Finance does not like quick changes, no matter how beneficial these changes may seem. We see this even in the example of states introducing their own stablecoins of central banks. Everything is carefully studied, all possible consequences are being worked out, and then, the governments are not completely sure how it will all work. Let everything take its course. Cash also has its advantages over non-cash money. The ratio of cash to non-cash, digital versus non-cash, things have to slowly balance. The cryptocurrency should take its own niche among non-cash and digital payments. This process is quite lengthy.
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No need to debate which one is better because both have valuable and different function. My government have discussion to replace paper money on digital currency to avoid crime and saving data transaction, for me that's great. Paper money will always exist but use digital currency technology, in future that will happen and we should prepare about it.
You need to walk with the ahead world. that's why debate actually come. We need to take the vest one always and it is now the digital currency at the moment. You can do transaction, stake,trade and more. So that why its could not be replaced with paper monet. Its tge time to take digital currency.
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This is a reality in the area I live, There are still many people who do not believe in Cryptocurrencies. They still think this is gambling or something.
Maybe they lack news updates or how I don't know, which is definitely difficult to get them to go deeper into this Cryptocurrency digital currency. I never force them, because in my opinion over time this cryptocurrency will definitely be increasingly recognized by the public by itself.
For me if they want to learn from me then I will teach them about Crypto as best I can, but if not I won't persuade them.
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Paper money is that which has a physical entity where digital currency or money is that which has no physical entity but have a digital wallet. Paper money is not possible to transfer to distance location where digital money has no border and transact all over the world. In our country every people use paper money where few of people are using digital currency but that is not allowed in our country. Few of people are using it but they remain under mental pressure because digital asset or crypto currency is not supported in our country.
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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?
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Digital currency and cryptocurrency in particular will gradually replace cash and then, up to a certain limit. Paper money should not disappear from circulation, they are needed for the development of the economy of each state and, apart from cryptocurrency, this is the only type of money that is difficult for the state to track, and even more so to identify its owner. Therefore, I would not want humanity to quickly get rid of paper money.
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There are many differences between paper money and digital currency. The meaning of paper is limited to each country within their own borders. And there is no limit to what digital currencies are traded around the world. Where paper money cannot be moved far and wide. Every people in our country uses paper money. Even many of them do not know about cryptocurrencies. Maybe the lack of news updates among them. However there are some people in our country who use digital currency but they are under different pressures all the time. Because digital resources or cryptocurrencies are not supported in our country. This is why we hope that digital resources or cryptocurrencies will be supported in our country very soon.
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Paper money has been for years even before the creation of digital money or can we say that digital currency has also existed even before it was developed to become a reality today, although people are used to paper money than digital currencies that's why it will be actually difficult for some people to adopt to the change digital currencies brought to that world but it's unknown to them that paper money can as well be converted to digital money but you cannot take it away from them because most people are still left behind in the era of technology due to high level of negative view in cryptocurrency as a digital currencies some say that it's a devil strategy to corrupt the world.
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paper money or fiat is centralized and been controlled by financial bodies and government. it is a means of separating the rich and poor in our society. if there could be a means of preventing traders or anyone from buying crypto using fiat, it should be promoted because both currency serves the same purpose but different utility.
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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
If you talked about digital currency and paper money, I think digital currency will take along years again be more popular.
Well, paper money is familiar and has been used by many people as their payment at the world.
But I think digital currency will be more needed at the coming future, we will see the digital era.
So, no worries about crypto currency.
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Your opinions are right about paper currency and Digital Currency like bitcon.
Digital currency has many advantages like you can transfer money within a short time and with a lower transection fees.Thats why in near future digital currency will be used in most of the sector.
Digital currency will be adopted in mass level when we spread it's Advantages.
To know the differences and advantages between Traditional currency and Cryptocurrency you can visit this article-
Article (https://articles.whalesheaven.com/cryptocurrency-vs-traditional-currency-is-bitcoin-better-than-fiat)
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I believe lot's of people really believe in paper money over digital currency because they don't really know much about digital currency but I believe in the nearest future lot's of people will definitely get to know about it. I believe there is still need for awareness to make people know more about it they have to know how it works how easy and reliable it is.
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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.
The adoption of electronic money is growing rapidly and if it continues which I know it would then in the future we may not see the much use of the fiat anymore, there are already plans of countries creating their own E-money, hopefully the adoption will rise and Electronic money will take over the future.
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Paper money vs Digital currency that means these two are face to face . Now realize what currency is good . Before Explain the advantage and disadvantage I will say both are useful to us if we use in good way and safe way . The advantage of Digital currency :
1. It has no risk to carry anywhere in the world .
2. No need to pay extra tax in airport when travel .
3. Safe in security no risk to miss out .
4. Buy anything what people want .
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Previously, when I was very young, people were not willing to accept bank plastic cards, but over time, it is now difficult to find a person without plastic, with cryptocurrency as well, it takes time and patience, cryptocurrency is the next stage in the development of " money of the future".
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Everything will be phased out as a dangerous aversion to gold was considered everywhere (vulnerable to robbery) when it was previously used as a trading tool. And then, using banknotes as a trading tool to feed gold (I suspect), I will update the notes as virtual currencies are now vulnerable to inflation.
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Paper money vs Digital currency that means these two are face to face . Now realize what currency is good . Before Explain the advantage and disadvantage I will say both are useful to us if we use in good way and safe way . The advantage of Digital currency :
1. It has no risk to carry anywhere in the world .
2. No need to pay extra tax in airport when travel .
3. Safe in security no risk to miss out .
4. Buy anything what people want .
I agree with you, I think there are several advantages of digital currency. It is more safety, no risk, and usable to be payment method.
During pandemic paper money will bring covid19 , be careful.
I hope digital currency will be accepted by the government soon.
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Paper money vs Digital currency that means these two are face to face . Now realize what currency is good . Before Explain the advantage and disadvantage I will say both are useful to us if we use in good way and safe way . The advantage of Digital currency :
1. It has no risk to carry anywhere in the world .
2. No need to pay extra tax in airport when travel .
3. Safe in security no risk to miss out .
4. Buy anything what people want .
I agree with you, I think there are several advantages of digital currency. It is more safety, no risk, and usable to be payment method.
During pandemic paper money will bring covid19 , be careful.
I hope digital currency will be accepted by the government soon.
Yes, digital currency will soon be massively adopted by governments. However, it will not be a cryptocurrency, but their digitalized currency of the central banks. Of course, cryptocurrency will also expand its presence, however, states and their governments will be interested in developing their digitalized currency. It is possible that in this regard, we may even be able to see a wave of strict regulation of the circulation of cryptocurrency.
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Besides been different, we have several digital currency that can be use as a means of payment I guess this is what will confuse people the more because when we talk about btc it's transaction feed are quite on the high side same as eth, this are the 2 major coins that are trusted enough to be use by many but unfortunately they are not cheap when it comes to fees, so it this will be difficult.
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This is dilema for cryptocurrency different and i'll choose 2 options in the future.
Digital currency is a new order system that is currently being studied and is an asset that must have super tight security in the digital world.
Paper currency has been loved for a long time and of course there are also many who understand the workings of paper currency rather than digital currency.
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There is no need to convince people to switch to digital currency, because paper money is the basis of the economy of the whole world, paper money will never leave their business, cryptocurrency will always be an alternative payment system, in my opinion this is completely normal and natural.
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Paper money is a printed currency that is considered worl wide for exchange of goods and services, While Digital currency is relatively related to cryptocurrency where transactions can be done without paper money and the transaction will be successful because the digital currency is more safer to keep than paper money for security reasons and easily carried along due to it been digital and one can not go or live without a smartphone so transaction with digital currency is more valuable because some countries in the world a preparing to move from paper to digital currency.
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The question here is not faith in paper money. Paper money, ideally, is printed according to the volume of goods and services that can be purchased and that are provided in this state, that is, they are directly related to the economy of the state. Cashless payments in the national currency and the digitized national currency are also associated with the economy of the state, which cannot be said about the decentralized cryptocurrency.
In addition, paper money is the least tracked by government authorities, as opposed to digital currencies, with the exception of cryptocurrencies. Therefore, it is not worth giving up paper money, and this issue will be completely decided by states and their governments.
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There is no need to convince people to switch to digital currency, because paper money is the basis of the economy of the whole world, paper money will never leave their business, cryptocurrency will always be an alternative payment system, in my opinion this is completely normal and natural.
Indeed, it will be difficult to convince someone to Cryptocurrency digital currency if they are not familiar with it, and I am not sure that I will be able to do it myself. For now, paper money is still the favorite, but in 10 or 20 years, there will probably be many countries that already use Cryptocurrency digital currency.
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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?
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The world is changed and the world economy is changed so today or tomorrow we have to change our economy at the same time we need to know many things about Blockchain technology so I think it will be good for us that we learn about digital currency as soon as possible.
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You should also understand that electronic currency can be blocked by the country in which you live, but cash should always be in the first place. Of course, now new developments in the field of electronic currency have leapt forward and it will be difficult to return the cash currency later.
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You should also understand that electronic currency can be blocked by the country in which you live, but cash should always be in the first place. Of course, now new developments in the field of electronic currency have leapt forward and it will be difficult to return the cash currency later.
Although I agree that the world is moving towards digital money and, in general, this is correct, since digital money is more efficient and provides us with new opportunities, nevertheless, we should not forget about cash and it is necessary that they also have the right to parallel circulation. In some cases, they are still more conveniently calculated, and they remain the least monitored by the state. In addition, under certain cataclysms, digital technologies may fail.
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The idea that much of today’s cash use will shift to digital tokens is no outlandish. Sure, governments will borrow some elements of the distributed ledger technology behind private cryptocurrencies, but they will very much want to retain control of what circulates as money in their economies.
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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?
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Both are really good and different thing.
I support on both, because have own advatage.
For investmeny, I prefer in digital currency, But for trnasaction, paper money still better
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Of course, digital money, but so far the world has not yet come to this and paper money cannot be dispensed with yet. People are not ready to give up paper money, they will still be needed in some kind of emergency, for example, if you get up somewhere along the highway, where there are no connections.
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Well, some of the ways to persuade or rather encourage the use of digital currency includes,
1.Use Referral Programs To Incentivise Word of Mouth.
2.Airdrop Tokens.
3.Run Marketing Campaigns On Social Media And Do Email Marketing.
I personally think that digital currency is on it early stage of adoptions, and with little time in near future, more people will definitely adapt to it considering it's importance as compared to fiat currency.
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In my opinion, paper money is not very efficient anymore because the cost of paper money is expensive and can have a bad impact on the environment because the main material for paper is wood, which trees can be used for oxygen production in the forest which eventually must be lost due to being cut down by humans.
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I think this depends on your needs, if you are in need of paper money then you can use paper money, it's just that it might be inefficient because everything develops as technology develops, so money can be stored in digital form and not carry too much paper money so you can make transactions become more efficient.
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After passing the day everything in the world is getting sophisticated. The Transformation of money is also included. Now people fell more comfortable with digital money then paper money. Moreover there is huge facility to use digital money such as transferring, exchanging or using. We have seen a lot during the period of pandemic. In my opinion the day is not so far away when the paper money will be kept in museum.
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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.
Well , we all know paper money often inflation, but the government always control it.
So, I think It's not the big problem.
Digital currency cannot be controlled by any one, I think It's the reason why the government didn't use crypto.
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Of course for old people it is better to use paper money. But young generation is open to anything new and comfortable like digital money. Besides that we must to understand the difference between digital money and cryptocurrencies. Digital money are state money, so they are not decentralized and are managing by the state. But cryptocurrencies are decentralized.
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Paper money is now very risky to use or can be invested because it is prone to counterfeiting and of course paper money is not as flexible as digital money.
Digital money is very fast in transactions and of course it is also very needed when it is urgent, such as when it comes to payment of electricity, water, internet or house tokens.
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A fair question that gets asked a lot, with regards to persuasion. One thing about the internet going down is we have paper as the backup, or something physical. If the entire planet had solid internet 247, with zero problems / hiccups, it would be an easier sell. That isn't our reality today ...the fact that we don't ALWAYS have internet and there are problems that occur, the world becomes an entire standstill. In that respect, getting rid of cash / physical spending entirely isn't so wise
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In my opinion, paper money is not very efficient anymore because the cost of paper money is expensive and can have a bad impact on the environment because the main material for paper is wood, which trees can be used for oxygen production in the forest which eventually must be lost due to being cut down by humans.
This is not a true belief.People also think that gasoline cars cause more damage to the environment than electric cars.It's exactly the same here.To maintain the workability of the blockchain, a huge amount of electricity is needed.And this may even have a more negative impact on the environment than cutting down trees.
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the need for socialization and direction about the ease of transacting digital money because it covers the whole world but if an area does not have internet access, of course it will also be a problem that it is difficult to accept digital currency
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It is difficult to persuade or influence someone to believe in digital currency. Because some of the brands are also still difficult to use the technology. In the world also paper currency is more trusted and known to everyone because of its tangible form and they have been using it for years as a transaction tool. This may also be the reason if people are more comfortable using paper currency.
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The problem for decentralized cryptocurrency is still that it is very poorly used as a means of payment. So far, this is the most speculative asset, which is expected to grow in value over time. Therefore, states will use their digitized national currencies of central banks and, most likely, they will find support among the population. Paper money will gradually decrease in turnover, but it is also needed. I don't think we will be able to get rid of cash in the near future.
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It is difficult to persuade or influence someone to believe in digital currency. Because some of the brands are also still difficult to use the technology. In the world also paper currency is more trusted and known to everyone because of its tangible form and they have been using it for years as a transaction tool. This may also be the reason if people are more comfortable using paper currency.
Don't worry, I know It's difficult to influence some one to believe in crypto currency, maybe They have read negative issu or true crypto haters.
Digital money is always be digital asset and paper money will survive until the digital era come.
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IMO, I believe paper money is hard to replace because it was widely used and accepted globally, But because of the rising technological advantage of digital currency it might be used for payment services but it should be a form of stable coin and not a form of decentralized cryptocurrency because it's too volatile that might reduce its value during the prices movement.
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The problem for decentralized cryptocurrency is still that it is very poorly used as a means of payment. So far, this is the most speculative asset, which is expected to grow in value over time. Therefore, states will use their digitized national currencies of central banks and, most likely, they will find support among the population. Paper money will gradually decrease in turnover, but it is also needed. I don't think we will be able to get rid of cash in the near future.
Even if in the future all paper money will be replaced by digital, it will not mean that this money can be speculated. It will be a digital fiat. People will also pay them in the store using cards, phones. Most won't even notice the transition.
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The problem for decentralized cryptocurrency is still that it is very poorly used as a means of payment. So far, this is the most speculative asset, which is expected to grow in value over time. Therefore, states will use their digitized national currencies of central banks and, most likely, they will find support among the population. Paper money will gradually decrease in turnover, but it is also needed. I don't think we will be able to get rid of cash in the near future.
Even if in the future all paper money will be replaced by digital, it will not mean that this money can be speculated. It will be a digital fiat. People will also pay them in the store using cards, phones. Most won't even notice the transition.
Hopefully it will happen, crypto currency will replace fiat money at the coming future.
I always imagine about it, when digital era I think everything will be digital.
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paper money with digital money in my opinion has a very different character, paper money has a very expensive printing cost and of course requires raw materials that make the world very dry because it will lose trees because the raw material for paper is wood, while digital currency having a digital form and no physical form makes itself more efficient, maybe for now paper currency is still not completely gone, it's just that the reduction in the use of paper money seems to have started to happen because more and more digital currencies are developing.
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paper money with digital money in my opinion has a very different character, paper money has a very expensive printing cost and of course requires raw materials that make the world very dry because it will lose trees because the raw material for paper is wood, while digital currency having a digital form and no physical form makes itself more efficient, maybe for now paper currency is still not completely gone, it's just that the reduction in the use of paper money seems to have started to happen because more and more digital currencies are developing.
If talking about effectivity and cost of paper money, Of course papaer money take expensive cost.
Digital currency is more effective and low cost.
But I don't think digital currency will replace fiat money.
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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?
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There is no need to rush to move to digital money. They are more efficient compared to non-cash forms of payments, but they cannot replace paper money. In some cases it is much more profitable to use paper money than non-cash money. Therefore, digital money, CBDC, should simply complement existing types of payments. You should not get rid of old and reliable paper money. We shouldn't be completely dependent on new technologies. It must be remembered that in various cataclysms, high technologies often fail.
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Paper money is fading away gradually and more intentional approach are made to keep banks in checks with what the Crypto innovative world is putting in play. More often we would be having much more banking solutions that favours the users, Bitay exchange is launching its Visa card soon, this would ease fiat to crypto exchange and vice versa. Bitay which is an already established exchange with over 700k KYC users on its platform and recording up to $55,000,000 daily trading volume. Bitay coin is also launching soon with NFT and games also coming to the ecosystem this year.
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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
Of course, almost all of people at the world believe in paper money than digital currency.
Digital currency will take several years to be more popular and has been accepted by many people
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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
Apart from believing in the technology, it is not its time yet. we still have a long way to go for many to adopt and use it just like paper money is been used. You and I and many on this platform believe in the Tech and crypto but how often have you used it for payment? So it is not only the belief but the general adoption which will be very difficult because that aspect is controlled by the Government and they too believe in the tech but are not willing to adopt because they understand the consequences of it.
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PAPER MONEY IS IN REACH OF EVERYONE IN THE WORLD BUT DIGITAL MONEY HAS NOT YET REACHED THE PEOPLE.BUT THE FUTURE IS OF DIGITAL MONEY
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Paper money is that which is tangible and physical existance one the other hand digital money is that which has no physical existence. Also digital money is transferable to other wallet within few moments but paper money is not possible within short time. For that reason i really prefer digital money other than physical or paper money.
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Paper money is that which is tangible and physical existance one the other hand digital money is that which has no physical existence. Also digital money is transferable to other wallet within few moments but paper money is not possible within short time. For that reason i really prefer digital money other than physical or paper money.
Yeah paper money is tangible, crypto is digital currency.
I think we will see the digital era, the people will move from paper money to digital asset or crypto at the coming future.
But It won't happen at the next few years, It will take several years again.
The government will prepare about it, make regulations to control crypro at digital era.
I personally always believed, It will come.
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In many countries, the share of non-cash payments reaches more than 90%, but here we are talking about real money, as for digital currencies, many people have not yet heard the word "cryptocurrency"
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We need both of them, both of them have their own good roles and each have their own weaknesses.
Paper money would be great for real-life use, such as buying things at a price that's easy to determine.
Digital money is very good for use in digital life, it is very difficult to transact with paper money in cyberspace, even managing it for a bank is quite difficult, digital money looks simple because it only requires a wallet.
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If you mean fiat, I think in its last legs. Remember that many countries are waxing lyrical on CBDCs which are not physical money. That is how the future would be be
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We need both of them, both of them have their own good roles and each have their own weaknesses.
Paper money would be great for real-life use, such as buying things at a price that's easy to determine.
Digital money is very good for use in digital life, it is very difficult to transact with paper money in cyberspace, even managing it for a bank is quite difficult, digital money looks simple because it only requires a wallet.
Both are different platform and I see still usable in our life.
Fiat money is so popular and As payment method.
Digital currency is digital asset and also good for payment method at the coming future.
Both will exist for along years , I think won't replace each other.
Because fiat money is usable for offline transaction , not only online.
Digital currency for online transaction, need internet connection.
We know that,
not all places have internet connection, this is the reason fiat money is still needed.
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Maybe several people has predicted crypto currency will replace fiat money at the coming future.
Yes It can but need long process.
Crypto currency needs several facility.
The government should allow and adopt this technology and have regulations at their country.
The people should have internet connection to do transaction in crypto.
So, It's not easy.
But let's see what happen at the coming future.
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cryptocurrencies will become a legal means to one degree or another.It's inevitable.The question is when and how widely
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Paper money and digital money will become currencies in the future, paper money or fiat will not disappear even though digital currency has been widely used. Fiat is very easy to use, from anywhere without the need for an internet network while Cryptocurrency cannot be used without an internet network. Both have advantages and disadvantages of each.
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The non-fiat policy from govt lately gives the same possesion to onwers holding USDT. Digital currency is portable and the stable form is for project developing. Governmet will give the endorse to any reliable stable coin irrespective there provision
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I hope you know not all fiat is paper money. I guess you are referring to fiat. People can also buy stuff, especially goods off retail services like Amazon. And its not paper money but its fiat
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If you mean fiat, I think in its last legs. Remember that many countries are waxing lyrical on CBDCs which are not physical money. That is how the future would be be
The currency of the states will in any case continue to exist. It can only change its form, but not its essence. Cryptocurrency can only exist alongside fiat, that is, the currency of states. It would be wrong to believe that cryptocurrency can replace fiat or dominate it.
CBDC is the same fiat, only in digitized form. Therefore, CBDC cannot be called a cryptocurrency. What connects CBDC with cryptocurrency is that in most cases it uses blockchain technology and sometimes also platforms of popular cryptocurrencies such as ethereum. However, it is a completely state-controlled currency. The Chinese Digitized Yuan does not even use blockchain technology.
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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.
Fiat money as payment method is traditional habit, it's not easy to change this..
Digital currency is digital asset because didn't more popular at payment method yet..Maybe It will take several years again, become payment methods.
Fiat money can do offline transaction, but for crypto currency is just for online transaction.
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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.
Nevertheless, it should be borne in mind that paper money does not require special knowledge, certain techniques and the necessary conditions for making payment for any transaction. In addition, this is the most untraceable type of transaction. As much as we would not like the opposite, but for now there will be a significant part of the population that does not want to deal with cryptocurrency. Any currency has its advantages and disadvantages. It will be most correct if all their aids are used together and applied depending on the desire of people and their convenience of use in a particular situation.
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Fiat money or cryptocurrencies each have advantages and disadvantages, fiat money is money issued by a country as a means of payment transactions, while payment transactions in various countries have started using crypto because it is easier, faster and practically does not need the help of third parties such as banks. With a decentralized system there are no conditions that must be obeyed for transactions.
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Apart from the relative lack of main stream adoption attention, crypto has many things going against it. For example the price volatility is going to make it uninteresting for payment solution
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Today the world is getting closer to digital trend where we can see digital use everywhere specially back then when the covid started. Almost everything were digital.
Not surprising one day the world will totally adopt this kinda convenient way to pay and send money as we can already witness the actual scenario that people are fully aware about digital money.
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Today the world is getting closer to digital trend where we can see digital use everywhere specially back then when the covid started. Almost everything were digital.
Not surprising one day the world will totally adopt this kinda convenient way to pay and send money as we can already witness the actual scenario that people are fully aware about digital money.
It should not be assumed that in the foreseeable future the population of the planet will abandon paper money or that cryptocurrency will replace the currency of states. State money will continue to circulate in any case, since it ensures the development of the economy of any state, and the cryptocurrency lacks the necessary functions. But the ratio of paper, non-cash and digitized money will change not in favor of paper money. But all kinds of currencies are necessary, because a universal currency has not yet been invented.
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The Bitcoin cryptographic approach is the most used in the cryptocurrency industry but is continuously developing and including new technologies. “Understanding Bitcoin; cryptography, engineering and economics” by Pedro Franco is one of the most popular books for learning about Bitcoin and offers a wide view on the implementation of the technology.
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Paper Money is easy to use so most people use paper money around the world but in the past, some years new generation fastly adopted the digital way to make payments. I am not talking about only cryptos. I am talking about payment through like GooglePay platform every country has a different system to get the payment so we can expect cryptos will also be used like this in the future. The benefit of digital currency you don't need to keep the money in your pockets. We can not persuade anyone this is an automatic process and you will see slowly-slowly people will adopt crypto also for making payments around the world instantly.
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It's up to you which assets you feel comfortable carrying around. Some people still think paper money is more legit than digital currency because it has a physical form and we can touch it. People may have different opinions due to different levels of knowledge about the monetary system. But one day they will be forced to accept digital money because of the unavailability of paper cash.
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It's up to you which assets you feel comfortable carrying around. Some people still think paper money is more legit than digital currency because it has a physical form and we can touch it. People may have different opinions due to different levels of knowledge about the monetary system. But one day they will be forced to accept digital money because of the unavailability of paper cash.
If you compare which is legit, of course paper money is legit because the government behind it.
But if you ask which is profitable, I think crypto currency is more profitable and more potential to be more expensive at the coming future.
Many investors believe about this opportunity.
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Both the currency have their own importance. Paper money which depends on the country. The digital currency , that you are using smartly. I think they cannot Compare. because both of them are needed.
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Paper money and digital currency means there is a lot of difference between both currency. Paper money which is a national money of every nation. Paper money which is completely valid in every nation. In addition, the digital money is very useful. it is quite used. , But it is not valid everywhere. As now the digital time is increasing. Looking at him, it seems. It will slowly spread everywhere.
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Paper money and digital currency means there is a lot of difference between both currency. Paper money which is a national money of every nation. Paper money which is completely valid in every nation. In addition, the digital money is very useful. it is quite used. , But it is not valid everywhere. As now the digital time is increasing. Looking at him, it seems. It will slowly spread everywhere.
I think one day every thing will be crypto, paper money will be leaved.We will see paperless and digital era will come.
We know crypro currency didn't allow at all countries, but it will be
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i think at this point i just simply stop working
40% inflation within a few months
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I think one day every thing will be crypto, paper money will be leaved.We will see paperless and digital era will come.
We know crypro currency didn't allow at all countries, but it will be
As I know, crypto cannot be used if there is no internet network, this is a weakness of crypto.
however I support transactions using crypto and Fiat, both work for payments and crypto can be used without a bank intermediary, and I like the idea of P2P transactions.
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The most revolutionary aspect of cryptocurrencies, is that
it can be spent and received by anyone, anywhere, at any time throughout the world and without the need for a bank or a government.
Again, the paper money or Fiat money is issued and controlled by (central) banks and governments.
Crypto is produced and distributed through a process called mining and is not controlled by a centralised authority
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I think one day every thing will be crypto, paper money will be leaved.We will see paperless and digital era will come.
We know crypro currency didn't allow at all countries, but it will be
As I know, crypto cannot be used if there is no internet network, this is a weakness of crypto.
however I support transactions using crypto and Fiat, both work for payments and crypto can be used without a bank intermediary, and I like the idea of P2P transactions.
You're right, crypto transaction needs internet connection.
Maybe we doubt about everything will be crypto at the coming future, because several are no internet connection.
it's just prediction about future.
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many still do not have access to banking products and still use cash, but this does not mean that the introduction of cryptography will slow down.
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many still do not have access to banking products and still use cash, but this does not mean that the introduction of cryptography will slow down.
In less developed countries, where citizens cannot access any type of financial product or service from banks, cryptocurrencies may be the best solution to their problems. Cryptocurrencies can be the best option since they do not need to create banking systems from scratch or build any kind of infrastructure, so the initial investment would be really cheap. After all, it is governments that must make these kinds of decisions and I hope that someone is studying the best way to do it.
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In some countries, there is no Internet available to anyone to use cryptocurrency. There should also be stability of cryptocurrencies as paper money, you can simply make a program for automatic exchange for cryptocurrency.
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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 agree on several opinion that said Digital currency will replace paper money at the coming future.
It will be
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Paper money is a country's official, paper currency that is circulated for the transactions involved in acquiring goods and services.Transactions involving digital currencies are made using computers or electronic wallets connected to the internet or designated networks.
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I agree on several opinion that said Digital currency will replace paper money at the coming future.
It will be
Deciding what will happen to paper money is not in the competence of cryptocurrencies or cryptocurrency holders. It is entirely up to states and their governments. States can regulate the amount of their cash and non-cash money, but they will not refuse them. Cash is a separate issue. They are not perfect and may still undergo changes in the process of evolution. But the currency of states will always exist as long as the states themselves exist.
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Unfortunately, even cash will exist for a long time... residents of many countries do not have access to banks and ATMs and have never heard of crypto currency.
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Paper money is a country's official, paper currency that is circulated for the transactions involved in acquiring goods and services.Transactions involving digital currencies are made using computers or electronic wallets connected to the internet or designated networks.
This is the main difference that will not allow digitized money to displace paper money. Some categories of citizens do not have access to digital money, or will not make the transition to digital money for other reasons. And in general, in some life situations, paper money is easier and more convenient to use than digital money. It seems to me that paper money has not yet become obsolete and it will be in circulation for a long time in parallel with other forms of money.
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Actually fiat currency exist before creation or introduction of cryptocurrency more especially bitcoin in particular and it's obvious that bitcoin is a general currency which every country can adopt but due to lack of information and adoption of it in different countries people refused to adopt it as most accepted currency, from the basic awareness or impact bitcoin created recently even the least person in my own area is over interested in bitcoin, because the knowledge people adopt from crypto people have to preferred bitcoin more than fiat currency because bitcoin can be use to purchase anything across the countries.
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Bitcoin is still far from a fiat currency, and it is incorrect to compare it with them.
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Interesting question. Blockchain technology can add a lot of security to how we store our money and carry out transactions. Some people are already distrustful about the trend of using less and less actual paper money and more and more card and bank transactions, though. Educating people about the technologies underlying finance could help in my opinion.
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In some countries, there is no Internet available to anyone to use cryptocurrency. There should also be stability of cryptocurrencies as paper money, you can simply make a program for automatic exchange for cryptocurrency.
Not everywhere has the internet, so in these times paper money is still important no matter what because whether we admit it or not cryptocurrency in this era is only for those who have internet in their respective homes.
No one has yet thought that it is possible to do cryptocurrency-like trading without the internet. But if there is someone who can think of conducting trade in crypto offline, this is good news by chance, maybe if this happens, I can say that paper money will lose its meaning in my opinion.
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Unfortunately, even cash will exist for a long time... residents of many countries do not have access to banks and ATMs and have never heard of crypto currency.
Cash has the right to exist along with other types of means of payment. In some cases, this is the easiest, fastest and most reliable way to calculate. After all, people do not always have access to working technical means with which they can carry out transactions. You also need to remember that this is practically the only payment method untraceable by the government. Even cryptocurrencies can, under certain circumstances, be relatively easy to trace.
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Not all cryptocurrency transactions can be tracked, as well as bank transactions, not every person will be given the opportunity to track a transaction. Cryptocurrency is now an opportunity to quickly transfer funds anywhere in the world in a short period of time.
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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.
It is hardly worth saying that 90 percent of people believe in paper money. They use paper money, as it is the easiest and most affordable way to make transactions, especially small household ones, and also because the power and authority of the state is behind paper money.
Cryptocurrency will not be able to displace paper money or other state currency. To do this, cryptocurrency needs to destroy states, and this is an absolutely losing prospect.
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It is what it is. That is the world for you. Digital currency is still a novelty to some people and would remain so for maybe up to 50 years. The integration of digital currency is not getting any headway especially in my country in Africa, where many people, even the youth, hold it in contempt and suspicion
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Bitcoin is still far from a fiat currency, and it is incorrect to compare it with them.
As popularity I think bitcoin is popular but we know the government against crypto currency at several countries.
I think It's the reason why, so difficult to happen.
But I believe we will see paperless, everything will be digital, crypto will dominant
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As popularity I think bitcoin is popular but we know the government against crypto currency at several countries.
I think It's the reason why, so difficult to happen.
But I believe we will see paperless, everything will be digital, crypto will dominant
There are already many countries in the world that accept and legalize Bitcoin. I don't think it is the main reason why most people still prefer using fiats (paper money). The main reason is many people still don't think digital money is more effective to use. Especially in remote places that have no capability to adopt digital money.
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Fiat currency has a close relationship with bank systems and Crypto has decentralized blockchain technology, crypto adoption should have entered several countries such as El Salvador, but because the government is not able to regulate crypto, until now the rules for its use are still strict and continue to be monitored.
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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.
Despite the fact that the states themselves see some advantages of digital money over paper money, paper money will still exist and so far I don’t see any rejection of it at all. In some cases and for certain categories of people, paper money is simply necessary. It should also be remembered that paper money is untraceable by states compared to their digital types of money. Therefore, paper money will decrease in circulation, but will not go anywhere. Digital and paper money have their own advantages and disadvantages, so they may well coexist together.
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Its always a win-win situation for digital money. Its seignorage is quite low and negligible as compared to paper money, with the huge bills government owned printing and minting presses rack up. This is the future for me
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I would like to see a certain synergy, where the old and entrenched are integrated with the new and promising
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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.
Yes, I do believe that paper money still has the dominance but 50 years don't you think you are saying it more. With the ongoing of the superfast internet services and there upgradation it will not take that long.
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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.
Yes, I do believe that paper money still has the dominance but 50 years don't you think you are saying it more. With the ongoing of the superfast internet services and there upgradation it will not take that long.
Many countries have almost abandoned cash payments and switched to non-cash payments, while the digital currency is not legal tender for them.... and it should not.