Quote from: Zooplus on July 13, 2016, 12:38:29 PM

Quote from: Jmild1 on July 13, 2016, 12:12:53 PM

Quote from: hermanhs09 on July 12, 2016, 10:33:59 PM

Quote from: jaysabi on July 12, 2016, 10:29:29 PM

Quote from: freedomgo on July 10, 2016, 12:39:23 PM

Quote from: Enotche on July 10, 2016, 06:52:12 AM

Traditional money in the near future will lose its function universal means of payment and will be replaced by electronic money. The main difficulty rejection of coins and banknotes lies not in the level of technology and in human psychology.
In e-money has a number of advantages and disadvantages. Banks and other electronic payments, bills and small change than financial institutions are much cheaper and easier to operate. The development of e-commerce further accelerates the process of eliminating the traditional money.

In the future it could happen, I know digital currency or e-money will rule the world as it gives us the convenience to transact online, and it would be easy to trace our transaction but paper money will not be out in the circulation.

But even then, you're talking about e-money in a form controlled by the government. Our economy and banking system is largely electronic already, but the control of the supply is still down top-down, from the Federal Reserve and the banking institutions it oversees.

That is the reason for bitcoin cannot be a future for paper money,at least that is my theory.
It cannot be,because bitcoin isnt controlled in anyway,by anyone.
So goverment would not let to erase the paper money,to get some crypto-currency,that they cannot even control in any way.

Who needs a system that be able to managed by everyone? Most people wants freedom when it comes to their own money. And by that it means if people know that there's an existing currency(bitcoin) that makes their money avoid being under surveillance. I am sure they will use it to have safetiness with their money.

And we only feel the freedom we have been longing for with bitcoins, as it is decentralized we don't need to comply with the government requirements to help them spy on our accounts.

That's RIGHT! Bitcoin is the only type of currency that gives you full access what to do with your coins without being questioned by any authority. That's why I like to see bitcoin being widely used and adopted in digital means like Paypal.