Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on October 24, 2018, 03:56:50 AM
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The era of the paper money is gradually vanishing, no doubts about that. It appears cumbersome in the physical wallet of people especially when carrying a huge sums around. People's attention is gradually shifting to the digital currencies because of convenience. Cryptocurrency will definitely turn to be the master of all digital currencies due to its fast and transparent transactions.
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Maybe that will happen, I don't think to bring 1 million dollars in a bag, it's very risky because our money can be stolen and it's not safe. Crypto makes everyone feel comfortable, no need to carry a bag to carry out large transactions, crypto is very safe for us to have it.
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basically, not everyone can accept crypto well. there are even some countries that still prohibit cryptocurrency. and I think crypto's better development has made many people interested in studying cryptocurrency to make a profit from it.
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Yes it is. Because more and more people are interested in cryptocurrency, as it has become very popular. It seems to me in 5 years. Cryptocurrency replaces paper money.
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Seriously paper money is beginning to seem less value as many people now move and do almost anything that paper money can do true online. In some developed areas in some of these developed countries, you virtually make any transaction without paper money.
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I agree with your statement, that the current existence of paper money has begun to decrease, although in fact this is still very much needed. Nowadays, everything is digital, there are many buying and selling places that use digital transactions without paper money. And if the time has come, the paper money will be completely abandoned, and all of it moves to digital money.
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Your opinion may be true if it is viewed from practicality to use it on a large amount. Crypto will be more flexible and easy to transfer. But when we are talking about its volatility and instability of the values, it will be quite difficult to be accepted as the national currency in a country. How safe the crypto becomes a legal currency. We should pay attention to this question.
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I think the era of fiat money is still not over, especially there are still many countries that are developing and using fiat money, and I think many advanced countries still use it, because not all people are technologically savvy and not everyone wants to accept new things that are sensitive like money, therefore I think the era of fiat money will still last a long time, but the era of digital payment will grow very rapidly replacing existing payment payments such as credit cards and others.
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I guess so. I definitely prefer using a digital wallet or a digital card (not necessailry cryptocurrency) that I can use in my day-to-day financial transactions
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But the number of hackers will be the biggest problem in crypto. Do people believe and trust Crypto if there are still cases of theft?
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I am not sure of your opinion. difficult to replace paper money. all are still using and more valuable. If crypto is used like paper money, I think people should learn to use it.
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Paper money in our time does not cease to be popular, however, if the blockchain technology will continue to develop at a dynamic pace, it is obvious that the cryptocurrency will force out the usual currency
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every day more and more people learn about cryptocurrency, and many make payments using crypto-conversions, but still many states make bans on cryptocurrency, I hope that everything will change
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At this time it hasn't happened yet. Because there are still many national economic activities that must use currency in transactions. Although there have been many new ways to make transactions through online systems today. But that is all an alternative to making long-distance transactions and does not take long.
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Yeah almost everyone is using credit/debit cards, carrying money is obsolete in these days. But will it change into crypto? Don't really know. Firstly people might start using their phones, smart watches for payments, then maybe cryptocurrencies will come.
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The circulation of paper money in the world really decreases, but paper money will not disappear. They will walk at the same time with non-cash money and cryptocurrency. Each type of this money has its advantages and disadvantages. They have paper money. For various reasons, a certain part of the world's population will not be able to constantly use non-cash money or cryptocurrency. Therefore, in order not to come to barter, paper money will always be in demand.
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Yes, I've seen many people switching to credit cards, coupons, paying with mobile phones, etc. But there is still something special about holding that "worthless" paper in your hands, isn't it? I would say the use of paper money will decrease gradually, but never truly cease to exist. At least not for our lifetimes.
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there are still many countries that ban cryptocurrency, I hope everything will change. every day more and more people learn about cryptocurrency, and many make payments using crypto-conversions.
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The era of the paper money is gradually vanishing, no doubts about that. It appears cumbersome in the physical wallet of people especially when carrying a huge sums around. People's attention is gradually shifting to the digital currencies because of convenience. Cryptocurrency will definitely turn to be the master of all digital currencies due to its fast and transparent transactions.
Yes I think the era of paper money is diminishing. It will be digital era. I believe It will happen soon. Lets see.
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paper money is beginning to seem less value as many people now move and do almost anything that paper money can do true online. In some developed areas in some of these developed countries, you virtually make any transaction without paper money.
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I don't think that the era of paper money diminished because we still use paper money in all country and they still prefer to have paper money than cryptocurrency. But soon, after the resource of paper money is reduced too fast, then the government need to think about replacing the paper money with something new.
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Well, I hope so but I don't think so.
Paper money is like wasting time when you compare it to the crypto, but there are tons of people who is never going to believe crypto since they are not able to hold in in their hands.
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When viewed from the progress of the technology. I am sure that the real money for its use is getting worse nowadays, even though it is little by little. But nowadays Cryptocurrency itself is also more and more users and its development is progressing even though the price is still unstable. I think it will be true that Cryptocurrency will be the future currency.
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When viewed and cared for carefully and securely in daily life. Indeed, paper money is now being reduced in function, because of the large number of people using Crypto, supported also by the number of companies that use crypto also make salary payments to their employees. So this will be an interesting thing where paper money will slowly disappear.
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there are even some countries that still prohibit cryptocurrency. and I think crypto's better development has made many people interested in studying cryptocurrency to make a profit from it.
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At present, Cryptocurrency itself is getting more and more users and its development is progressing even though the price is still not stable. I think it would be true that Cryptocurrency will become the future currency. I am sure that real money for its use is getting worse nowadays, though little by little.
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The era of the paper money is gradually vanishing, no doubts about that. It appears cumbersome in the physical wallet of people especially when carrying a huge sums around. People's attention is gradually shifting to the digital currencies because of convenience. Cryptocurrency will definitely turn to be the master of all digital currencies due to its fast and transparent transactions.
Yes I think, Digital era will come soon. The era of paper money is diminishing.
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The era of the paper money is gradually vanishing, no doubts about that. It appears cumbersome in the physical wallet of people especially when carrying a huge sums around. People's attention is gradually shifting to the digital currencies because of convenience. Cryptocurrency will definitely turn to be the master of all digital currencies due to its fast and transparent transactions.
Yes i believe more and more people prefer to pay in digital currencies but need not be crypto but like other payment like visa and master as this is what the world want us to be as a digital country.
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The era of the paper money is gradually vanishing, no doubts about that. It appears cumbersome in the physical wallet of people especially when carrying a huge sums around. People's attention is gradually shifting to the digital currencies because of convenience. Cryptocurrency will definitely turn to be the master of all digital currencies due to its fast and transparent transactions.
Nowadays, everyone uses Bank cards or Apple Pay, if you do not want to use traditional paper money.Potentially cryptocurrency is better than Fiat money, but it is unlikely you will use Bitcoin to pay when its rate is so volatile. Perhaps in the future, cryptocurrencies will develop and this issue will be resolved.
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I think that since there have been debit and credit cards coming into the community, the production of Fiat has become less and less. It is seen in several developed countries such as the US, Japan, China, Korea, even Singapore. I have not found the impact of crypto as a substitute for paper money, even crypto does not affect at all except countries that are experiencing a crisis such as Venezuela.
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For paper money,it has outgrown its use for a while now such that people dont think of doing transactions holding huge cash at hand. The electronic way of transaction has taken over and its even faster and safer. Gradually when crypto becomes globally accepted, the entire fiat would be history
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Of late, hardly would you see any person carrying a case full of cash just to go make a trade. Thoae days are gone, of late cashless transactions known as e-banking or electronic transactions have taken place and its safer and much reliable too. As crypto goes global gradually, it would replace the electronic fiats and be the sole medium of exchange
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I do agree on the fact that handling paper money is becoming less common and that means digital money is about leading. I believe that we will gradually get to the time where paper money will be no more and all payment will be done digitally
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Yes it is. Because more and more people are interested in cryptocurrency, as it has become very popular. It seems to me in 5 years. Cryptocurrency replaces paper money.
With the advent of cryptocurrency, the use of paper money is really reduced. However, the reduction also has its limit. National paper money of the state will never disappear. In any case, not in five or fifty years. If in the distant future the states will switch to non-cash form of payments, they will not switch to the use of cryptocurrency exclusively. National money of the state has the opportunity to interact with the economy of this state, and the cryptocurrency does not have such interaction. Therefore, in the distant future, the world may be cashless, but not digital. Cryptocurrency can only go at the same time with the national money of the state - in cash or non-cash.
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Obviously, the world will go paperless in some years to come but that does not mean there would not be fiat money. People would love to transact online and that will help crypto to grow
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I think that will not happen,Central bank will not allow that to happen. tho some may prefer to use Crypto but not all establishment can't accept that as a payment method specially the small enterprises and public transportation.
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Definitely the era of paper money is slowly diminishing and people started to adapt digital currency though not all is aware of this i think in the future this will be the trend. Using digital wallet is convenient and easy as long as people is knowledgeable.
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Along with the development of technology, especially technology in the world of digital money, such as Cryptocurrency, obviously, the more days there are more enthusiasts in Crypto and use it as a digital currency. Judging from that, it is clear that the use of real money has already been abandoned even though Cryptocurrency also needs real money. But more and more people are starting to switch to Crypto and start not using real money in transactions.
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I think so as well that's paper will start to decrease. Because we prefer to use credit or debit card and it's more convenient to use than bring a big amount of money. We don't feel safe anymore especially this generation.
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Banknotes are clearly decreasing. Technological advances are increasingly rapid and also increasingly spoil the technology users. Then came digital money technology like Crypto. nowadays more and more users and investors, therefore I am not surprised if paper money is increasingly not used anymore because it is less effective in making transactions, different from Crypto which is cheaper, faster, effective and efficient in dealing without third parties as well bank.
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For me I don't think that paper money will vanish like that because there are some people in our society today that doesn't have the knowledge of Internet neither the use blockchain technology so I think that both currencies we exist,but cryptocurrency money will be more available for only those that have the knowledge.
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We all know that some of our local community's don't have the knowledge of Internet neither aware of global age,I think for now the both currencies we still exist together though cryptocurrency maybe available for those that have a better knowledge about cryptocurrency money and those that don't have right knowledge we be using paper money unless the cryptocurrency sector has plan for the nuknowledgeable community's
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Yes , i think that is the result of digital money, we have different mobile app here than can be loaded and turn into digital money, also this mobile app can pay like electricity bills , water bills etc, thus this means that digital money will stand out in the future.
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I think paper money will remain and run as usual even though digital currencies are very popular because not many people understand digital currency, maybe people who already understand digital currencies will use digital money.
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I think with you. Indeed, in fact and data, the use of paper money has declined since the existence of Cryptocurrency and Blockchain technology. From the beginning I had expected it. Therefore Crypto can be referred to as a coin or future currency that can be relied on and follows the times. But Crypto can't beat paper money easily, there will be hard work and long time for Crypto to replace the full paper money.
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Seriously paper money is beginning to seem less value as many people now move and do almost anything that paper money can do true online. In some developed areas in some of these developed countries, you virtually make any transaction without paper money.
Yes, I agree with what you say, that the existence of paper money has now begun to decrease, even though banknotes are still very much needed today, but now there are many places to buy and sell that almost make everyone use digital transactions and without using banknotes . so if the time has come, I think the paper money will be completely abandoned, and everything will move to digital money.
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The era of the paper money is gradually vanishing, no doubts about that. It appears cumbersome in the physical wallet of people especially when carrying a huge sums around. People's attention is gradually shifting to the digital currencies because of convenience. Cryptocurrency will definitely turn to be the master of all digital currencies due to its fast and transparent transactions.
This is all exaggeration. Paper money, although slightly reduced in volume when used, will continue to be used in the distant future. I do not think that one of the major drawbacks of cash is their heaviness when wearing. Nobody pounds cash with you. Digital money can not replace the national money of the state, because they can not have interaction with the economy of any state.
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if I think that's right, bro. moreover the population and people are increasing. so paper money is not enough if they withdraw all their money. therefore with the existence of cryiptocurrency. will help meet their needs
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The era of the paper money is gradually vanishing, no doubts about that. It appears cumbersome in the physical wallet of people especially when carrying a huge sums around. People's attention is gradually shifting to the digital currencies because of convenience. Cryptocurrency will definitely turn to be the master of all digital currencies due to its fast and transparent transactions.
Its to early to say that, like now crytocurrwncy is in deep and bleeding at the market. Maybe it recover but getting out papaer money in the scene is very imposible.
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It will definitely happen but not for now, because we still need banknotes and crypto as an online payment system, if the payment system in every country legalizes crypto I think that will happen, paper money will decrease because some countries have digital currencies for the system payment
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the inflation rate of fiat is very high because authority can print anytime if the or the circulation of fiat is very low unlike in crypto the supply is limited and the transaction is fast and secure.
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The era of the paper money is gradually vanishing, no doubts about that. It appears cumbersome in the physical wallet of people especially when carrying a huge sums around. People's attention is gradually shifting to the digital currencies because of convenience. Cryptocurrency will definitely turn to be the master of all digital currencies due to its fast and transparent transactions.
Yes I think It will happen at the coming future. The era paper money will diminish. Digital era will come soon.
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Yes that's right. The time will come and we will forget about paper money, because all technologies go to this, namely, to create a cashless payment for any services!
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With respect to whitepaper which Satoshi Nakamoto wrote, I want to believe that people will understand the obstacles of paper money and transform it to the digital money.