Andrew Haldane said one solution would be for the Bank of England to issue a state-backed digital currency based on bitcoin. Supporting this initiative would be a negative interest rate levied on paper currency relative to the digital currency, with these measures do you think there is more possibilities that sometime:
Paper money will be banned entirely?
How long do you think that happens?
would it work?
What security and privacy risks would it raise?
And how would public and privately issued monies interact?
Paper Money would band entirely if ONE nation would hold us or keep us for using one only currenry for the entire nation which is BITCOIN. but if not? paper money would continue to serve to people unless there is a country it self making a self regulation to use only digital currency and ban totally for paper money.
If this gonna be happen I think they will make a good and safe regulation for their constituents for the better serving to people.