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

[Fenix]

The current not-so-paper money (since both the fabric basis and various kinds of inclusions are present in the banknotes in order to significantly increase the service life of these banknotes) has a very long history of development. It starts from 117 BC, when leather money appeared for the first time on the territory of China, it seems. The current banknotes are the crown of more than two thousandth history of their development. They are not made from air at all. They are provided with material values ​​of the state (except, of course, the dollar) and are guaranteed by the state. This kind of money seems to exist as long as states exist. Of course, banknotes will be further improved.

[Ahmedalab]

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

[Ahmedalab]

People are claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

[PreshB]

Yes   I  do  time  without  number,  I  see  that  paper  is  been  use  by  everyone  in  the  world,  that  means  it  has  been  in  existence.

[squadus]

Paper money started out as paper notes written by private bankers. Slowly, it turned into notes given out by banks, and slowly but surely governments issued out currency in the form of paper money.

Before paper money, we used coins in various forms of precious metals, including gold, silver, etc

Now we are entering the age of cryptocurrency backed by the blockchain in the form of public cryptoassets. In this day in age, it is possible to buy gold with bitcoin on places like Vaultoro.   

[masudginanjar]

It is very brilliant for this because on the basis of ancient times there was no internet, computer or electricity.
Now it's modern and this has become the starting point for the emergence of Bitcoin that will replace paper money.

[Ahmedalab]

A banknote is guaranteed by the state that you have the right to purchase any goods in society for the sum of its face value and these bills are obligatory for acceptance and payment by all enterprises, institutions and organizations, officials and citizens of some state. Cryptocurrency does not have such guarantees.

[laughingburger]

Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.

I suppose why the paper that we are using is of value is because of the person that is backing it. Crypto got its value now is because of supply and demand that gives crypto its value.