Because people these days have the technology and skill to make fake money.
Because governments can print as much of paper money as they wish, thus devaluating all private monetary savings. Of course they only do this in emergency situations like war, but still, these situations happen quite often.
The money would rip
With trust
Advanced printing technology enabled counterfeiters to produce fake paper money that was difficult to distinguish from genuine banknotes, leading to a loss of trust in paper currency. This decreased the use and acceptance of paper money, as people were wary of receiving counterfeit bills.
The first users of paper money where in China
The national central bank holds the gold reserve to back the use of paper money. The gold is a security measure that allows the trust of the paper money having worth. Paper money is a note for trading that is used in place of gold.
Barter
Not anytime soon, but we may possible that we might advance in future generations.
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Trust and convenience !
they used it to well when they sold silk people would use paper money so there you have peeps paper money thank you thank you you've been a great.. well what ever by by
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This is when paper money first became popular. It was actually in 806 AD that paper money was used. The Chinese were the first ones to give bank slips and paper money under the T'ang dynasty. It was later abandoned in 1455 in China only to be reinstated in the 1800s.