Cashless society - page 10. | Bitcointalksearch.org

NS-Soul

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Quote from: SirDwp on February 25, 2018, 02:17:29 PM

Let's be realistic - human resources are limited, and desires are limitless.
That's why we need a universal means of exchange, which is called money.

Definitely! Of course I go through the use of cryptocurency but that doesn't mean EVERYONE can be controlled by the government or countries that will agree to use cryptocurrency as mode of payment and as long as this will not be legalized by the government, it woudn't work.

Yanisumin

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Quote from: Addywealth on February 24, 2018, 12:57:18 AM

Quote from: bouren on June 14, 2017, 11:47:50 AM

Have you seen Mr. Robot? You reminded me of it.
Well coming to real world, it is not possible at least for next 20 years. No matter how easy cryptocurrencies made the finance but still its scope limited to internet. We need liquid flow of internet to transfer BTC and other coins from one person to other. But if we see current situation, internet is not the bite of every individual. Lots of technical jargon stops the way of utopian society of CRYPTOCURRENCIES.

From the look of things I think 20 years is too long for bitcoin to make the world a cashless society. There could be a technology that will alternate Internet facility in the use of transfer of bitcoin from one person to another.

I think he is talking about the TV series Mr. Robot, and, yes 20 years is enough to solve the major problems that we are facing now in the Crypto World. Imagine the internet 20 years from now. I don't think that there are still people that time that don't want to take a bite in the technology of the internet, I don't expect cryptocurrencies to rule the world of finance 20 years from now, but I'm seeing a large number of users who will use crypto's and fiat at the same time and in their respective functions.

kurt1212

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Quote from: bouren on June 14, 2017, 11:47:50 AM

Have you seen Mr. Robot? You reminded me of it.
Well coming to real world, it is not possible at least for next 20 years. No matter how easy cryptocurrencies made the finance but still its scope limited to internet. We need liquid flow of internet to transfer BTC and other coins from one person to other. But if we see current situation, internet is not the bite of every individual. Lots of technical jargon stops the way of utopian society of CRYPTOCURRENCIES.

For me cashless society is really difficult because it cant help economy to grow and you have to work have to you to have money. In real world you have to do your best to have money .

andrei214

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Quote from: Abiky on June 14, 2017, 11:41:23 AM

Have you ever wondered how would the world's economy be like in the future as a cashless society?

Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.

If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.

Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.

Nevertheless, I would like to know your opinion about this. Wink

It is not impossible that one day we will have a cashless society.Only if people nowadays starts to lose trust and starts to be bored with cash.It wont happen that fast but by a many more years, and besides cash are still useful for many people.

Dux2K

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Some government considering this idea in very long time and some are still in not so good mod for this yet to be even consider. Some countries are using more plastic then real money and as such they have been in some process of cashless society. However think it will take lot more not just time but effort for this to be accomplished in any time.

Andrej Peiboski

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A cashless society is very possible, but we need to take care that it will be a decentralized one, based on the blockchain.
Because if we'll have a cashless society based on credit card and fiat money controlled by governments, it will be a dictatorial nightmare.
And I think that 99% of people out of this forum don't understand the difference. Sad

HalfDeck

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Quote from: Tuyul Gupies on February 24, 2018, 03:06:39 AM

if people do not use money then all will be a bit chaotic, because with the currency people can make cash transactions. people still need money and many still can not use bitcoin as a digital currency better than paper money. all will switch to bitcoin to welcome a better future and it's all happening but paper money will not go extinct.

Like Gold, Gold was used as the primary payment method for the monetary system of thousands of years ago. However, when paper money comes out, Gold wasn't used as a currency, it has used as an asset and jewelry until today. Therefore, paper money will also like Gold if cryptocurrency or digital currency become the next future for the world's economy. It can be use as a backup payment method when we need to create transaction offline Roll Eyes

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Abiky

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Quote from: RAmondragon on February 24, 2018, 01:02:53 AM

Going to cashless society is ideal but not yet possible as of now or for another 15 years. But if it happens, everything will be convenient. No need to go to the atm to get cash and buy for stuff. All can be transacted online. All will be smooth.

Agree. Now, we're still far away from experiencing a cashless society. It would take years of research and development, for governments to adopt this system and issue digital currencies of their own. Not to mention, that internet access need to be expanded to anyone in the world for this to happen. But, I believe that the time will come where there will be no need to use physical money to buy stuff, as everything would be bought with digital cash. Transactions will settle within seconds and they could cross borders easily with extremely cheap fees by using the blockchain technology.

As Ripple is near instant, cheap, and has made many partnerships with banks worldwide, I think that it will be used in the future for cashless payments. Perhaps, central banks will issue their currencies within XRP's ledger, or maybe they will design a private blockchain of their own. Whatever happens, I'm sure that our society will transform into a cashless one for years to come. Just my thoughts Grin

RAAAMA

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I think cashless society will happen many many years from now. As of now, many people is not yet connected to the internet. That means they can't be part of cashless society. But huge number of the society will definitely going to be cashless.

alval

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cashless society was creating and will be advance someday, world was going on that point. doesn't matter that way
we are all using debit or credit card to buy something .it's first generation of cashless society. and not only on payment sectors
cashless society will take control of service sector too. indeed. a cashless society that had created nowadays can reduce illegal activities and gov can trace easily every transaction goes through the network. but when we talk p2p and blockchain technology. we talk decentralized society who didn't third party ever

pallang

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I believe that the government will have a hard time to implement this if this will be the trend because you need to use ,an internet to have transactions,pay bills and more and it's a long time processing to make it happen.

SirDwp

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Let's be realistic - human resources are limited, and desires are limitless.
That's why we need a universal means of exchange, which is called money.

Tuyul Gupies

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if people do not use money then all will be a bit chaotic, because with the currency people can make cash transactions. people still need money and many still can not use bitcoin as a digital currency better than paper money. all will switch to bitcoin to welcome a better future and it's all happening but paper money will not go extinct.

soso23

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maybe it would be something like in star trek, but I;m not sure most of the humans are evolved enough to accept the fact that they are all equal and that they should be all treated the same.
In an ideal society a cashless would be easy to use and the economy would still be the same, but the trees won;t die for people to make money. I would like to see that society but I;m not sure the money would be as safe as they are in your own wallet

RAmondragon

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Going to cashless society is ideal but not yet possible as of now or for another 15 years. But if it happens, everything will be convenient. No need to go to the atm to get cash and buy for stuff. All can be transacted online. All will be smooth.

Addywealth

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Quote from: bouren on June 14, 2017, 11:47:50 AM

Have you seen Mr. Robot? You reminded me of it.
Well coming to real world, it is not possible at least for next 20 years. No matter how easy cryptocurrencies made the finance but still its scope limited to internet. We need liquid flow of internet to transfer BTC and other coins from one person to other. But if we see current situation, internet is not the bite of every individual. Lots of technical jargon stops the way of utopian society of CRYPTOCURRENCIES.

From the look of things I think 20 years is too long for bitcoin to make the world a cashless society. There could be a technology that will alternate Internet facility in the use of transfer of bitcoin from one person to another.

lsokalski

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Cashless will be possible only if the goverment will allow it or will implement this cashless and paying thru bitcoins. It all depends on our government or our leader in our country.

Yanisumin

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Quote from: jaredl on January 19, 2018, 04:39:49 PM

The two countries that are closest to a cashless society are India and China.

I travel a lot for work and in this 2 countries, you can definitely survive by digital payments.

Even tips can be paid by cashless means..most developed nations have become entrenched in

our traditional payment forms like cash, cheques, credit cards but for China and India, they have

skip everyone and jump straight to cashless digital payments for all.

This trend is very good for crypto as crypto has no physical form as well.

We will likely see countries launching their own crypto currencies this year and in a few more years,

cashless will be the norm.

btw with cashless, governments will be able to track every cent you earn and spend - great for collecting taxes.

This is the real motivation for governments to move to cashless..

Some say that Singapore is a pretty good example in cashless payments. I'm not a traveller but I think Japan is the Japan is also leading in this kind of society. Countries that will be launching their own crypto and control it by their own means has no difference than their current system. I wonder how well this crypto tech will grow in the next ten years.

"This is the real motivation for governments to move to cashless.."
Government have failed us a thousand times and Im hoping that this motivation will not gonna be a big NO again when it comes for them using the blockchain.

Quote from: zkgirl on January 23, 2018, 12:33:16 PM

Not sure I still be alive to see this. There are too many people of my generation (and even the next one) who are afraid of technology and will hold as much as they can to their habits.

As for the impact on criminality, it was my understanding that bitcoin is already used hugely in some shady business... no ?

Criminality has been here long time ago. BTC won't have to shoulder everything. Blockchain is a large scale technology. Such problems can be easily solve by building a platform that can protect someone form shady businesses.

zhelis74

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Quote from: BILGPS on February 22, 2018, 03:31:05 AM

If we look at the society then cash is playing a good role in present time so we can perform transaction off line and your money is in your possession. Cash is good for many transactions and if we look at the current trend every thing is done through cash ans cash is better than online form of money like the crypto currency like bitcoin is operating for many transactions.

Yes, cashless society is already started but not all can use since people in every society is different and not the same standing in life specially in the third world country or in a developing country. Using ATM card, debit or credit card is an example of using payment without cash and i believe in the next generation the world will fully become cashless society and crypto currency plays a vital role for that changes.

jhamz03

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Yes cashless society may happen in the future but not globally, maybe only in some rich country's like USA. There are many countries where there is so high number of poverty, I think it could be hard for them to adopt cashless society when earning money is their problem.

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