Quote from: Huobi-USD on September 21, 2015, 07:23:32 AM

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?

I think future of paper money is also bright because it will remain in future as well as because non educated peoples and the people's without these electricity and electrical gadget facility they can not use these virtual money in their day to day lives so i think paper money remain in existence in future also we cannot remove the existence of paper money and probably on this forum many people are here too earn virtual money and then they convert it into paper money for day to day works or for their necessary things.

Ashutosh_Tiwari

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