Quote from: Mate2237 on Today at 09:06:48 PM

Quote from: Iroh on Today at 05:22:49 PM

Quote from: Hauff Murray on Today at 03:57:56 PM

My prediction is that in 10 years at most, nobody will use paper money, and this will probably start on the side of the states, where they will completely abolish paper money, digitize everything and act more easily.

I bet you that your predictions would turn out wrong. Paper money has been in existence and use for over a century(thats a 100 years). We have gotten familiar and used to the paper money that any other means of payment would be scrutinized thoroughly and initially would be distrusted by most people.

Paper money will almost definitely still be in existence and use in 10 years. Besides, what other means of payment is as widespread, known and accepted as the fiat system? None that I know of.
In 10 years from today, we would still be using the fiat system. There may be other new and innovative means of making and receiving payments, that doesnt mean the fiat system would be completely abolished.

What Hauff Murray is saying is not far from the truth but 10 years are too close to forget paper money. I will say yes and no. Yes because there will a generation that is coming in the future that paper money will be automatically remove, in that generation, everything will be computerized and digitally oriented. No in the sense that, paper money makes things easier for people to buy and sell so for paper money to fade away will take another century. And I don't think Americans leaders will allow that to happen. Because dollar is worldly accepted currency and Americans are making profit from it.

A survey by a Singapore-based blockchain firm found that only 4.2 percent of people around the world are involved in cryptocurrency.
So there is a large number of percentage to go. I agree with that words that the use of paper money or currency will gradually become obsolete in the future. But I think it is still have to long way to go and I think that is not possible in the next ten years. If we see that cryptocurrency is still illegal in most countries of the world, maybe they will bring digital currency but paper money is still a long time to see. So I also think that it will take a long time for paper money to go away which by no means will happen in 10 years.