Re: The future of the paper money

I believe paper money will disappear over time naturally. In the same time bitcoin can overtook fiat currencies and many people moved over to that.

I agree that there may be paper money began to be abandoned by many people in the world, and probably will dominate the digital money. but I'm not sure bitcoin can replace fiat

We should be optimistic about digital currencies adoption, because many countries started regulating Bitcoin exchanges like Australia and some American states,therefore, digital money is on the right way.

Digital currencies are still developing, and the paper money at the end of its development. But still digital money can not replace paper. Many countries are not ready

Even if many of the poorer countries are not ready some of the most powerful and the ones that move most of the world economy are in fact ready to replace paper money just look a t credit cards.

People can and are ready, and the government - is not. That the government is addressing the issue. In many developed countries have not defined the status cryptocurrency

Nope only a few "chosen" people or users are ready to use cryptocurrency. The main reason is the connectivity issue. More than half of the globe population have no access to internet. Let alone that only a small percentage of internet users are aware of cryptocurrency, You can try to survey that and they will ask you about "What cryptocurrency is" . So in my opinion if the government wanted to replace their currency and use digital currency such is bitcoin, they need to improve and make their country population to have 100% internet access.