Quote from: bitart on March 12, 2017, 01:52:19 PM

Quote from: Viscore on March 12, 2017, 11:53:21 AM

Quote from: igorokavg13 on March 10, 2017, 07:57:30 PM

Quote from: bitllionaire on March 10, 2017, 02:55:42 PM

Quote from: genny2kuk on March 08, 2017, 01:16:59 PM

The countdown for paper money extinction is on. The foundation of this monetary policy is flawed and have to be fundamentally changed. Bitcoin offers good option though

i do not think that there is any countdown to paper money. paper is will exist for next few decades, actually majority of people are still depending on fiat currency because they still do not know anything about bitcoin so i cay say that for next few decades there is nothing wrong to fiat currency. may be in future when bitcoin will become more popular then people refuse using bitcoin.

Yes, I am sure that people will not be able to live without paper money for at least another 50 years. Therefore, I am confident that the future has paper money.

Not only in 50 years, I guess it will be forever because paper money will stay forever. The world is moving and people country moves as well but we cannot deny the fact that there are countries who are are really poor which a big population is still under poverty. In that situation, most of the population are not into technology and development because they are more concern on the food and shelter.

Those poor countries are usually lack of electricity for 3-4 days a week, so they cannot depend on a payment method that requires electric power and network coverage (or internet connection). They can and will use bitcoin also, but just for little part of their daily transactions, or just for savings (if any).
In the urbanized part of the world (where if you don't have electricity for 10-20 minutes can be called a disaster situation) using bitcoin or virtual currencies will be widespread, but because of the above mentioned things, paper money will allwas have it's function, so it will be needed

You forget about phone lines

These are separate from electricity circuits and usually remain charged at the times when there is a blackout (there are phone lines that don't need electricity altogether but they for short distances only). Telephone circuits can be used to transmit data just like optical cables which don't need electricity either. In other words, if you have a local source of electricity (say, a diesel generator), you don't so much depend on whether the local power grid is charged or not. In fact, if you have a satellite Internet access coupled with a home source of electricity, you may be completely independent from the local grid