Post
Topic
Board Economics
Re: The future of the paper money
by
groll
on 25/11/2016, 19:11:34 UTC
Some country are getting saturate to use paper money,  its value is decrease eveytime becouse of inflation. I think people in the future will choose another thing to be a currency.
I agree but i don't think it would be with this generation. I don't think some countries are ready to move on to a different type of currency especially third world countries. There may be other forms of currency that may come up in the future but i think we would still be using paper money for quite a long time
Yes, paper money has been used by people a long time ago and there's no way that can replace it since it's already been established since the beginning. It's possible that there will be changes for the currencies but paper money will not gone for now.

It is impossible to replace for me because it was made by banks that control by government and i think government will not allow bitcoin as new currency or replace paper money..
Bitcoin is just always good for alternative that we are adopting right now..
The only money that can now free to use without resorting to mechanical st digital device, it is made of paper. That kind of money on the outskirts of major cities.

Money is only an agreement from the lender that he is liable to pay the borrower the certain amount of goods or services equivalent in the foreseeable future.
If we look at the history of money, in the initial days, there was no concept of money and only one type of good was exchanged for another type. So going in this way, the future of paper money isn't very illustrious, cause it is very susceptible to damage by natural and man-made