Quote from: Supercrypt on May 26, 2016, 07:19:26 AM

Quote from: SquallLeonhart on May 25, 2016, 01:32:01 PM

Quote from: danherbias07 on May 25, 2016, 01:14:35 PM

Quote from: Zooplus on May 25, 2016, 03:46:08 AM

Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.

Hmm when you say developed I see Singapore. But I dont know man. Paper money got a lot of history in it. It will be hard for the government to change it specially for the people also.

Even if it is fully developed country and is digitalized, still there will be many people who will prefer to use paper money, and you also need to pay maids, servants in paper money, bitcoin won't be helpful there.

The future of paper money is highly based on the adoption of bitcoin. But as you have said, maid or autorickshaw raids could not be paid with bitcoin even in next 5 to 10 years. Paper money will exist in this world but we can assume only with very less percentage of usage.

Never ever underestimate the digitalization. In many countries, auto rickshaw are switching into the system similar to call taxi. So, paying them with, Internet banking or bitcoin also will be possible very soon.

When your maid (a baby sitter) has some literacy, she may demand bitcoin payment.

I doubt the existence of paper money in the very near future.