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  • People use paper money?

    You people still exist? I haven't used paper/physical money in 6 years and have never had a single problem, no need to have change with me to pay to keep my car somewhere, no need to use paper money in ANY store and not to mention it's safer, someone steals a wallet with physical money you lose it all, someone steals my wallet with my bank pas in it they can't do anything with it since they don't have the code.

    People say they can ''hack'' your bank account or hack their own and add money and therefore less safe however that's also a concern with physical money, fake money is a thing and it works.

  • The technology is getting there

    1. Money is inconvienient to carry. You need a wallet to carry it, and it takes a lot of time putting all the cash into it.
    2. Most of the people now use credit cards-we're almost there.
    3. Fingerprint! Fingerprint is very convienient. Everybody's fingerprint is different, even twins!
    4. Eye contact! You just have to look in the camera. DONE!

  • The technology is getting there

    At least one (rapidly growing) company has already invented unhackable password storage. And I mean unhackable in a literal strength. There is no route in via a system, nor even if you were to break into the room where the hardware is stored. The same principles can be applied to make a global currency where copies cannot be forged or stolen.

    Solid money will take a long while to disappear, but it seems feasible enough (like everything else that has been rejected by elder generations but accepted by youth growing into a new world).

    The main obstacles are global governments themselves. But a centralised currency opens up trade (c.F. The EU), so once enough growing economies sign on to it, then it'll put pressure on others to join.

    Also there's the matter of global warming and clean energy - all arguments for digitisation assume that we actually generate sufficient electricity to power the network!

  • The technology is getting there

    At least one (rapidly growing) company has already invented unhackable password storage. And I mean unhackable in a literal strength. There is no route in via a system, nor even if you were to break into the room where the hardware is stored. The same principles can be applied to make a global currency where copies cannot be forged or stolen.

    Solid money will take a long while to disappear, but it seems feasible enough (like everything else that has been rejected by elder generations but accepted by youth growing into a new world).

    The main obstacles are global governments themselves. But a centralised currency opens up trade (c.F. The EU), so once enough growing economies sign on to it, then it'll put pressure on others to join.

    Also there's the matter of global warming and clean energy - all arguments for digitisation assume that we actually generate sufficient electricity to power the network!

  • The technology is getting there

    At least one (rapidly growing) company has already invented unhackable password storage. And I mean unhackable in a literal strength. There is no route in via a system, nor even if you were to break into the room where the hardware is stored. The same principles can be applied to make a global currency where copies cannot be forged or stolen.

    Solid money will take a long while to disappear, but it seems feasible enough (like everything else that has been rejected by elder generations but accepted by youth growing into a new world).

    The main obstacles are global governments themselves. But a centralised currency opens up trade (c.F. The EU), so once enough growing economies sign on to it, then it'll put pressure on others to join.

    Also there's the matter of global warming and clean energy - all arguments for digitisation assume that we actually generate sufficient electricity to power the network!

  • Yes, digital currency will replace paper money.

    If we are talking about the means to which we use currency, then yes, paper money will be replaced by digital currency. But I do not mean that something like Bitcoins will replace traditional currency. I am speaking of transactions that use something like a debit card or credit card.

  • Yes, it will.

    Not in the close future. People like to see what they own, it gives them a sense of security holding their money and knowing they have it. However, people will slowely lean away from paper money and everything being a digital currency as it is a much easier medium to use for purchasing goods.

  • Yes, digital currency can serve as an alternative to paper money.

    As our society becomes increasingly dependent upon technology, digital currency will become a more popular means of paying for products. Paper money negatively impacts the environment in addition to being more difficult to obtain. Digital currency can be obtained and traded instantly. It is a more efficient and environmentally friendly means of engaging in economic activity. As a result, I believe that this is the future of currency in our world.

  • Nope, never, too hard

    Paper money comes from trees and coton, there fore nobody can makes copy of it and for credit cards, some hacker can easily go and hack you credit card and you it for his own personal things. Also paper money is reliable anywhere in the world, and some restaurents in other country`s might not allow cradit cards.

  • Absolutely not. Inflation.

    Decentralising each of the worlds major currencies would leave our global economy at severe risk of hyper-inflation. Despite mathematics dictating a upper limit on currency available, there will always be a way to duplicate and forge digital currencies. When quantum computers are stabilised, encryption becomes redundant. It won't happen. Too risky.

  • No, Replacement is a no-brainer

    If we do move toward a digital currency, we should ensure that we retain
    some type of digital cash that is anonymous or at least pseudonymous
    and that is not tied to a financial intermediary that can control
    transactions. The nascent digital currency Bitcoin has demonstrated that such e-cash is possible.

  • Digital currency will never replace money

    Digital currency will never replace money. It may come close at some point in the future, but the paper money currency we use is still very effective and a reliable method to keep track of money. The digital age may seem to make it easier to use credit cards, but in the end they still fail us. The paper currency will never make mistakes that credit card companies make today with loss of information at the hands of hackers and government officials.


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