Paper Money vs. Digital Currency

[sacrotic]

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.

[Delgboke]

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.

[Freemind]

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.

[mr.Robot]

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

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.

[tervel]

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.

[rizen337]

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.

[Fenix]

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.

[rizen337]

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.

[Noverteno]

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.

[saprakib]

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.

[Vx1]

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.

[raisajahan]

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.

[Alcor]

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

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.

[Limabd]

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.

[Delgboke]

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.