Re: The future of the paper money

Maybe in the developed world country there will be less demand of paper money as they will go to full digital, the world is moving toward digital world if you have notice, we have a lot of inventions or developments to make our life fast and easy.

Hmm when you say developed I see Singapore. But I dont know man. Paper money got a lot of history in it. It will be hard for the government to change it specially for the people also.

But the government will have no choice if everybody is using bitcoin then what are they going to do ban the use of bitcoin if it's not regulated by authorities? That would make civil wars the next step lol anyways I don't think bitcoin will get far enough to be a real treat.

well they could just ban it and sentence to prison the people who are using it and people would just avoid it

Even if governments ban bitcoin, there will still be poeple who will use it underground because of the benefits like anonymity.

You mean worldwide banning? Then where will you exchange it? No, that is not possible it will be dead once they ban it. There wont be a price anymore even underground wont take it cause there is no value. You will lose all the users with that.

If the government will ban bitcoin we will not surely gonna achieve a massive adoption when everyone is dreaming, this will not progress as probably it will only be use for illegal activities and it would not be good for the eyes of the many.

Banning it would be still useless because as we all know every country has its own law and perception about bitcoin thats why we cant really dictate things with this matter. It would be possibly ban by government but only a few i guess. the future of paper money would still remains and its unbreakable even how bitcoin would progress on the future.

I also believe that paper money will still be in use for a long time. It's a habit, moral people need.