Post
Topic
Board Economics
Re: The future of the paper money
by
avw1982
on 06/07/2016, 14:26:11 UTC
i think paper money will stay always and paper money are using in large number in everywhere and i also like paper money than coins .
i doubt that paper money will always stay around, in my opinion the price of the bitcoin is going to grow and i think that people will switch from paper money to bitcoins
are people ready for this transition though im not too sure.... Most people still dont know about bitcoin
We are not ready,nobody is ready maybe except some people who know bitcoin very very well.
If BTC can become a future of paper money,it will happen in i dont know 30 years? i dont really believe people will want to get rid of paper money,it is an old idea,old idea's usually hold strong in people's mind.

Paper money will always exist as bitcoin is not yet that powerful that it can replace strong currency like paper money as it holds more trust and more users in compare to bitcoin.

I think the usage of paper money will be decreased in the next 50 years as the percentage of people who constantly have always paper money in their pockets decreased or at least the level of money they use decreased.