Quote from: 4by2 on March 13, 2016, 06:24:55 PM

Quote from: chaosknight on March 13, 2016, 06:23:42 PM

Quote from: SquallLeonhart on March 13, 2016, 03:31:40 PM

Quote from: DeDordtenaar on March 13, 2016, 01:18:30 PM

Quote from: 23dzmaz on March 13, 2016, 09:33:32 AM

Quote from: jaysabi on March 12, 2016, 04:26:25 PM

Paper money is more durable than electronic money. Obviously, you cannot accept electronic money any place that is not specifically set up to take it, or when power or internet is out. I'm not sure you'll ever eliminate physical currency for that reason.

I agree with you, especially in my country there are many place that hard to get internet. So paper money very usefull on that place. I think paper money will permanent in some place.

agree. this time not all the places in the world connected to the internet. so digital era can not be implemented at this time of paper money will always be valuable.

Yes just think of poor countries where there is no access to internet and mainly people are paid on daily wages in fiat, so they will only use fiat as they don't have any other option for their spendings.

Agreed, the future of paper money is safe as I don't think that bitcoin can have an impact on it as people will use only those currency that they are comfortable and they will continue to use which is easy for them.

Fiat will always have it's place for the exact reason you detail, people are comfortable with the current system and don't have any intent on changing something that already works well, in their eyes.

Most people who have studied sociology or economics already know this is what is going to happen, it's not something that is unexpected Cheesy

fiatvacation

Posts

Merits