Quote from: CrowdFunder on December 19, 2017, 04:28:33 PM

Quote from: cexylikepie on December 19, 2017, 04:22:05 PM

Quote from: LETme on December 19, 2017, 10:07:12 AM

I think it's not going to happen because cryptocurrencies has no physical form, not all the people know about this kind of technology or know about the existence of digital coin and you must have a internet connection and not all the people are afford to buy a gadget for using cryptocurrencies and paper money was used over a 100 years so it's not easy to replace.

The biggest problem when we use cryptocurrency to replace paper money is cryptocurrency can not use offline. If we transfer cryptocurrency to paper wallet, why do we not use normal paper money? This is the biggest problem make cryptocurrency can not change the best function of paper money.

Bitcoin competes with card payments and banks rather than with paper money. Paper money will never disappear due to working offline but it is currently a tiny proportion of the financial system, the vast majority of money is already digital on peoples bank accounts.

We use bitcoin as a crypto currency for not transferred it to paper money only. We use bitcoin for the purpose of investing or trading. We can use paper money which available offline. But we cant do good investment as we do with bitcoin which is a crypto currency. The answer is that crypto currency will replace paper money. It can replace do you people of ancient time will believe that a bitcoin will exist. In future it will make real money disappear but slowly and gradually not too fast.