Quote from: peta4e on July 21, 2016, 02:22:53 PM

Quote from: chaser15 on July 21, 2016, 08:40:33 AM

Quote from: milewilda on July 21, 2016, 06:40:44 AM

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Quote from: milewilda on July 21, 2016, 06:29:35 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.

Paper money would not disappear since its been used for many centuries even there are lots of kinds of currency out there, one would be replace and one currency would exist . You stated that bitcoin would act as secondary, yes it would since theres no possibility that bitcoin could replace paper money since btc was made of codes it a different story and shouldnt be compare.

In the future it could be more on digital money rather than paper money but we cannot predict when it will happen. There is a good possibility that it will happen because the world is starting to switch into paperless economy.

Well you have a point since technology is upgrading everyday maybe those digital currencies would be adopt by a certain country but i would take time too too replace paper currency. Lets see what would be the potential of digital currency like bitcoin would contribute and developed in the future.

Let's make things easy to understand,

Paper money is on the real world while bitcoin is on virtual world. How come a paper money can dominate the digital transactions, also same goes for bitcoin on how can it dominates the physical transactions without using an internet.

The fact is both will survive in long run and people will use both of them according to their convenience as I don't think that bitcoin can ever take place of paper money.

Bitcoin is a relatively new form of currency that is just beginning to hit the mainstream, that is far faster than any inter-bank transfer and survives for long. Paper money is the old one that remains the same and cannot be replaced by bitcoin.