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.
I'm not sure because we are having the another good commodity such as gold, and in the previous centuries we are all using the trade to get more stuff to complete our daily needs.
You should think that we are on a modernize kind of world so that gold as a currency for exchanging items is not that practical as it like the past centuries because past and now have a huge difference and you should know that. The future always need paper money or the traditional fiat system because most of us get used to that kind of currency and without that then we will suffer from chaotic situations.
Fiat is needed not to people, but to the government. In order to manage people and take away their free time. Therefore, the government does not crowd bitcoin. It can not control it.
I am confident that paper money and fiat will exist as long as there is a state
Even if everything gets digital in future there will be certain percentage of people who will prefer to use fiat and those are the illiterate and poor people who gets their wages in fiat currency and we cannot expect them to use bitcoin or debit/credit card as they will never have that and they would find it complicated to use it and paper money is the only easy way for them to spend.