Quote from: nururochac on July 22, 2016, 09:38:07 AM

Quote from: rickbig41 on July 21, 2016, 08:25:38 AM

Quote from: Mauser on July 21, 2016, 06:24:30 AM

Quote from: bitcoinisfurture on July 21, 2016, 05:38:49 AM

Future remains intact of the paper money as worldwide there cannot be one currency. Paper money will not disappear anytime soon, maybe it will be replaced by something else similar to paper. Bitcoin could act as an secondary currency if country adopts it.

I think this is more depending on generations. The older generations want their paper money, which they can feel and carry around. But the younger generations prefer the plastic money by just having one credit card. In the next 20-30 years we will see the paper money more and more disappear.

For politics it would be great to get rid of all paper money as they can fully control virtual currencies.

Well, it depends, younger generations may want their card so as the old want the paper money, but they won't be the one deciding when will paper money disappear.. It is the government that will decide which one is better for the state... Most probably, politicians might probably the first one to object to going digital..For sure they will hate the transition period... Grin

Most valid reason so far. Although we're in a progressive development of technology if other people choose to have their own simple way of living like sticking on what they already know which is fiat, it won't make the paper money obsolete.

As of today's current state of the economy, I don't think paper money will be lose in circulation. Paper money is the simplest bill to use in majoirity of transactions in our life, bitcoins is great but having different options to spend is way more better.