Bitcoin will survive in "cashless society" ?? - page 9.

darkangel11

legendary

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Don't let others control your BTC -> self custody

Quote from: maculeth on July 04, 2018, 08:57:00 PM

in my opinion, bitcoin without cash also means nothing. because almost everyone is using bitcoin as an investment asset and will surely be exchanged for cash. Until now no one has received payment using bitcoin.

Are you for real? Thousands of people were paid on this very forum with Bitcoin for various jobs starting with signature campaigns and ending with creation of new altcoins.
If you want examples from outside the forum, just google companies that pay their employees in cryptocurrencies. You'll be amazed how many there are.
Cash is not important. I haven't been using cash for some time now. I always have some with me in case the terminal doesn't work or to unlock shopping carts, but I rarely spend it. It's just more convenient to use a card.

xWolfx

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Why not?

Bitcoin is digital by nature and will be always so it's obvious that it is even better prepared to be used in everyday transactions in a "Cashless society". In fact, thanks to it's Blockchain technology it will be able to do even better than fiat in that matter.

The only need that needs to happens is Bitcoin getting more stable in some years as the mining rate decreases and it settles on the market and costumer preference worldwide.

Ridersss

newbie

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Merit: 0

Quote from: First77 on February 28, 2018, 01:29:19 PM

It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..

USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..

Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"

I think bitcoin will survive and thrive in a society that has started using digital money. With a very high public response to bitcoin, it will signal the development of bitcoin and will make it a mass currency, which can be used in various countries.

kamoto

newbie

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Well ... the world is changing very fast. Consequently, ordinary paper money, sooner or later, will go to the past ... however much we are accustomed to them. Progress is constantly moving forward at a high speed ... and it is not possible to stop it ... only to slow down a little (which many states are trying to do)

First77

member

Activity: 266

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Bitcoin has failed as a digital currency now that expedia removed Bitcoin for payments. How is bitcointalk.org's "marketplace" where all kinds of products and services are for sale for Bitcoin. I saw 3 bedroom apartment for 91 bitcoins.

SunJAB

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Quote from: SixOfFive on July 09, 2018, 01:30:45 PM

Yes, obviously it will survive. The cashless society, as the name indicates avoids the use of cash. It aims at digitalizing the financial transactions. Bitcoin and all cryptocurrencies are digital, implying they don’t have any physical presence. This in fact is good for the development of cryptocurrencies. The cashless society will increase the use of cryptocurrencies and its growth.

Not using cash can not be applied immediately. Most of them still have low intellectuals, do not change, do not apply advanced to life. Ever get rid of old ideas will have the opportunity to flourish. Cash used for small-business commodity exchange transactions. More time may be new. Bitcoin is forever sustainable.

rindayle

jr. member

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He can survive but he needs to become legal and cooperate with governments. Bitcoin has a great chance for the future, the main thing is to do what is necessary for further development.

SixOfFive

sr. member

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Yes, obviously it will survive. The cashless society, as the name indicates avoids the use of cash. It aims at digitalizing the financial transactions. Bitcoin and all cryptocurrencies are digital, implying they don’t have any physical presence. This in fact is good for the development of cryptocurrencies. The cashless society will increase the use of cryptocurrencies and its growth.

Kittygalore

member

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Quote from: First77 on February 28, 2018, 01:29:19 PM

It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..

USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..

Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"

Crypto is like a bank version of internet, where as you can save, invest and such. It does not necessarily means bitcoin is a physical aspect. Probably it will survive because this is its main purpose. To help people do transactions without having a physical interaction to a tangible money. The physical presence of bitcoin does not really need therefore it will survive in cashless countries.

ZCHALK

newbie

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Bitcoin will only survive as a crypto asset based on pure speculation to support it's worth. Day to day transactions and real wealth will be tied to your bank account. There are many better options than Bitcoin as a medium of transfer such as credit cards that give you much better protection guarantee and rewards.

Bitcoin has really crummy safe guards and by being pseudo anonymous one can really lose everything if they are hacked or simply can't access their wallet because of a password issue. I can't really see a purpose for the Bitcoin in day to day transactions as it is not scalable and there is a transaction fee. Credit cards are for most part free if you pay your bills out in full each month.

First77

member

Activity: 266

Merit: 32

Quote from: Hallmader on July 04, 2018, 09:56:54 PM

First, to clarify your claim, china is far from being considered a cashless society. Maybe, just maybe, cashless transactions are thriving in their large metropolitan cities like Beijing. But we have to remember that the largest part of china is made up of villages and provinces that are still living in poverty. The country's economy is rich though.

"China Mobile" has 800 million subscribers, the largest subscribers base with a single mobile phone service provider

CryptoInvestICO

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Bitcoin will not only survive, but will take the leading position in our world, the bitcoins are convenient to translate to each other with small commissions, there are no state borders and bitcoin is easy to use

tester4206

newbie

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You should be able to see the total potential of bitcoin supply currently available only about twenty satua million bitcoin pieces which means bitcoin will become very rare and of course bitcoin will survive because I see bitcoin has good potential

Hallmader

sr. member

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Quote from: First77 on February 28, 2018, 01:29:19 PM

It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..

USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..

Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"

First, to clarify your claim, china is far from being considered a cashless society. Maybe, just maybe, cashless transactions are thriving in their large metropolitan cities like Beijing. But we have to remember that the largest part of china is made up of villages and provinces that are still living in poverty. The country's economy is rich though.

Bitcoin will definitely survive in a cashless society but it should be coupled with real progress in the conversion of the world into a really digital world. The progress should be parallel.

mourinho hala 98

newbie

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I don’t think bitcoin will face any problem in countries with classless society,they are not direct competitors due to using different technologies,which can be used for different purposes and will be in-demand.

maculeth

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in my opinion, bitcoin without cash also means nothing. because almost everyone is using bitcoin as an investment asset and will surely be exchanged for cash. Until now no one has received payment using bitcoin.

Ziomuro27

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Quote from: First77 on February 28, 2018, 01:29:19 PM

It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..

USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..

Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"

I thibk that it would survive, because we are now in an advance era wherw technologies are rising, this will prove tgat bitcoin will survive in a cashless country. Bitcoin can also lessen the number of people whp are strugling to find there jobs and the directions of their life. Yet some good news aboit bitvoin that universities and students are now aware on how and what benefits that they can get if they learn this currency.

nawmiii

newbie

Activity: 5

Merit: 0

In my opinion, I think it will survive because it is also a digital currency. It doesn't have any physical attributes. As long as the countries will adopt Bitcoin to their system, it won't die.

gerasimo

newbie

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it was made for the cashless world. how can it not survive

chaoscoinz

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Quote from: First77 on February 28, 2018, 01:29:19 PM

It is said now China is a "cashless society". Use of debit cards and credit cards on online & offline stores/shops, pay bills etc..

USA and UK/England are into use of credit cards and debit cards in a big way for online & offline stores/shops, pay bills etc..

Will Bitcoin survive in "cashless society" where money becomes digital/numbers ??

Just like Bitcoin which does not have a physical presence, money/cash will not have physical presence in "cashless society/countries"

Possibly, it is a really tough call though, despite the dystopian futures portrayed by science fiction, whereas everyone would assimilate into digital currency use flawlessly. It is possible to live within a cashless society, but it shouldn't be rushed, Ludites need time to adopt technology. Not everyone is gung ho on innovation.

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