Quote from: praprata on May 18, 2016, 02:57:10 PM

Quote from: Febo on September 21, 2015, 11:15:32 AM

Quote from: Huobi-USD on September 21, 2015, 07:23:32 AM

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

t wil be not banned, it will be issued as much as there will be interest. At some point almost none. How long wil take that there will be issued almost none paper money. I would say about 20 years. Maybe more, for sure not less.

I do not think that paper money will disappear this quickly because some countries like in Europe have made new bills and stuff. I also think that it is going to be per country and that it will not happen all at once.

Yeah it is not going to disappear this quickly because we have not seen any hints yet of this going to happen. It is also true that this is going to be different per country.
It will not happen to all countries at once, they do not all have the money to do that.