Post
Topic
Board Economics
Re: The future of the paper money
by
Zisove28
on 29/11/2016, 20:46:16 UTC
Paper money still exist in the future even dihital currency would ve more popular because not all people can have this decentralized currency that is ehy paper money is much usable to them for daily needs.

It depends. If we can promote bitcoin and spread it worldwide then there isn't really much of a use for paper currency, especially when they are issued by a government and costing them so much to issue.

Governments could even move onto cryptocurrencies themselves, to save the printing fees.
We do not need to promote Bitcoin at all. Bitcoin itself can easily spread all over the world because of its advantages and cyber-used. Bitcoin provides a lot of benefits which people can not deny. In spite of not being popular right now, I believe that Bitcoin will be accepted by most of the people in the near future
I don't think that Government will choose Bitcoin to be either priority currency or secondary currency because people do not have to pay fee to use Bitcoin and it will make the government slowly die.
I know bitcoin is very popular now but that would not be possible without our support. Let's take it this way for everyone to understand.

Businesses promote bitcoin by accepting bitcoin as a payment method and we members of the forum online promote their business thru a signature campaign or any sort of activities. That's just one of the basic example.

Yes, you are right, Bitcoin is becoming more popular every day. I think this is a very good trend. This will have an impact on the price of safe Bitcoins. But paper money will be used for a long time

That's acceptable, digital currencies have its own trend or it can be considered as a trend, among which bitcoin is the style which lasts long. Each season or period some trends reach the entire world but everything is not successful. Same is here this time digitalization as a trend had been successful with the innovative bitcoin. At the same paper money is the reason for those trends without which trends are unwanted. So in any situation paper money will be used.


I fully agree with the fact that there are always wishing to use paper money. Even if you implement the latest technology in popularity of paper money will remain high