Post
Topic
Board Economics
Re: The future of the paper money
by
batang_bitcoin
on 30/11/2016, 01:22:12 UTC
Give a man a gun and he can rob a Bank. Give a man a Bank and he can rob the world.

Are you serious about this man? LOL.


Paper money is all love and use. They are very popular. and yet very few people know about Bitcoin. that is why in the future, all paper money will also be live

That is not true. Macbooks may be popular now but something better than a Macbook may come out in the future and replace the macbook for apple users. Or Xbox may be replaced by something better. Same goes with curencies.

Paper money is worthless, and will be dead.
i think it is too early for that, as a very little number of people are using bitcoin majority of the people do not know about bitcoin, they have even not yet hear the name of bitcoin and therefore they are using fiat currency, to me i think it will take decades when al the people of the world will start using bitcoin.

Paper money can't be dead either because it is controlled by the government, it can be dead but today and for the next years it is going to be hard for a decentralized currency to make it replaced. It can be replaced by being upgraded from paper money to digital money but still that is a local currency that has been transformed to digital.
every government wants their currency have good value in the international market, no country want their currency to become devalue, therefore they are giving strong support to it, and the second reason is that still people have no other best option available which can fulfill all their need therefore they are still giving preference to their fiat.

There is a country that devalued their currency and if you have read and heard the news that India devalued some of their paper money. But there are some reasons why they did that and that's good enough for the bitcoin economy. Unless a country have some other plans and they need to discourage their people to devalued their own currency.