Re: The future of the paper money

There is no future for fiat money,paypal,skrill,perfectmoney,payza,payeer,payoneer and and other fiat money online wallet there are past.There is only future for cryptocurrencies which everybody almost likes Cheesy

I think in future paper money will still be the same because we are using bitcoin as a option we can not spend bitcoin directly to buying anything so new generation will still prefer to use paper money as bitcoin can be complicated for them so they will use paper money as they are using..

for bitcoin myself I agree that it might just bitcoin will become an option for the fiat currency in the future, but I think that paper money may be lost or replaced by something sophisticated than fiat own future

That is easier said than done, by doing it, you will have to sacrifice the majority of users in this world. Paper money is the most convenient means to use for transaction and people has been using it for many years. Although we are moving slowly into a digital world but this people must be considered, thus, digital currency alongside with paper money will exist.

People are using paper money because they don't have any other options or they aren't aware that there's bitcoins. When you say the term "money" to an average person, he'd automatically think of fiat money and nothing else. Bitcoin is still in its early stage and it would take tons of time before it becomes mainstream.

Money is the most convenient means to use for transaction if you're having a deal person to person. But if you're going to send money abroad or somewhere else, bitcoin would be much better to use. Bitcoin doesn't have huge transaction fees, the effort that you'll do to send money is very minimal, and the time of transaction is fast at most times.