Quote from: ivan.daineko23 on November 13, 2016, 10:34:41 PM

Quote from: LieXurui on November 13, 2016, 10:24:36 PM

Quote from: Huobi-USD on September 21, 2015, 07:23:32 AM

Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:

Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?

paper money, real fiat money until next 10 year
cant't replace, nothing is digital curency replace position paper money fiat money

The banking system will come up with a way out of this situation. I do not believe that everything will just end. It's a lot of pressure on people who have had banks with paper money.

The future of paper money is safe until people will keep on using it and till it exists and we don't see any sign in paper money getting disappear in future as it hold the maximum number of users and apart from that it also enjoys the support from the Government.