Quote from: Positid on July 14, 2016, 08:07:50 AM

Quote from: martinacar on July 14, 2016, 08:01:44 AM

Quote from: tabas on July 14, 2016, 03:59:26 AM

Quote from: PokerFace3 on July 14, 2016, 02:08:10 AM

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.

Yes it will be tough. But btc will surely minimize the use of paper money. Coz it has many benefits over paper money. The govt won't let it happen and that's why it won't full replace paper money

The future of paper money is always the same, maybe the designs are going to change but the use of it is going to be there. And even the bitcoin is going to the trend. It is not going to change the use of paper money. Because paper money is being controlled by the government unlike bitcoin government is not going to control it.

Paper money is going to keep existing for a while because I think that we are just not ready yet for money to be only digital.
In the future they are going to make the change but they do not have to rush things.

The adoption period is long because a person needs to be educated enough before they can adopt with bitcoins and we know that bitcoins is not that simple which paper money is, as of the current rate paper money will dominate in the circulation and we are just few using bitcoins.

Bitcoin is absolutely complicated compared to paper money, as he said adoption period would take a long time because everyone should know Bitcoin first, what's the usage and how to use it. As we all know that not all people have the same intellect regarding on how to adopt things easily.