Quote from: MTBTT on November 01, 2016, 03:32:10 PM

Quote from: aubert on November 01, 2016, 11:16:14 AM

Quote from: Positid on October 31, 2016, 10:06:39 AM

Quote from: Mastsetad on October 31, 2016, 08:11:01 AM

Quote from: dunfida on October 31, 2016, 06:38:09 AM

Its really impossible for paper money would be gone because its being replaced by another crypto currency which is really impossible though. As you mentioned government can produce anytime fiat money if the demand arises because of population inflation.. The future of paper money is still strong and no one could able to replace it anytime soon.

The biggest reason of fiat not being replaced by bitcoin is that paper money is produceable, any government can print any amount of paper anytime they want, and bitcoins has just a limited amount which would probably not be able to fill the gape between these two.

Actually we can also produce paper money of bitcoin, but the big question is would it be illegal or not? Of course it is illegal because the government only produce a legal tender to be use a currency of the people, and even it is unregulated, it is hard to attract the trust of the people.

producing paper money of bitcoin will definitely make bitcoin lose its point to be a digital currency and to simplify people's need of transferring money with really low fees and decentralized system which make people could actually getting out of bank

Lol then what is called the technology of the future if bitcoin producing the paper version? I think at this point it would be better if bitcoin digital form. because it would be much better?

I think that paper money and bitcoin are both different because bitcoin is mostly considered as investment like gold and silver but paper money is used in daily life for doing all expenses to live. But when bitcoin will come to main stream like paper money uses we can use bitcoin then their wont be paper money.