Post
Topic
Board Economics
Re: The future of the paper money
by
Mikez
on 19/03/2017, 17:24:41 UTC
I like paper money. I like to feel the buying power in my hands :p Bitcoin makes me feel like a robot. I am not saying paper money is better tho.

I also like to feel paper money in my hands, not virtual ones. Virtual do not bring such pleasure, they can not be touched and sniffed.
although you say feel more comfortable to use paper money but if the store no longer accept paper money. what would you do ? I think the era inevitably change. and everyone should follow it
I think it would be better to have both, there are stores that accepts bitcoin but I'm sure they will accept fiat also but most of the stores only accepts fiat. That shows how popular and strong fiat is, it has the confidence of the majority and bitcoin will only remain being used by the minority of population in this world, having said that the future is paper money is still good and will continue to be popular.
Bitcoin is not accepted worldwide and even when you live in a country which supports Bitcoin, I doubt that you can find more than 10 stores accept Bitcoin in your area. Fiat is still the king and we have to use it for a long long time.
in my area as i do not know that there is single shop who are accepting bitcoin for shopping but still i am hopeful that very soon we will be able to use bitcoin as in our shops for shopping.

That is the problem we all are facing as none around us is aware about bitcoins and it will take long time for people to discover bitcoins and merchants will start accepting bitcoins as a mode of payment only if they find enough demand for it.