Cashless society - page 24. | Bitcointalksearch.org

mutrang23

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Quote from: Abiky on June 14, 2017, 10:41:23 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

In my opinion, in the next 10 years, the society will not use cash, because now there are many places have replaced cash in electronic money, in my country even on the taxi was paid. by electronic transactions

ehab.co

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If the world retains the same attitudes of ownership, greed and selfishness that is perpetuated by the current system, then new technologies such as digital currency and the robotic automation of jobs will have negative consequences for many people on earth. The only acceptable way to guarantee benefit from these incredible technologies is to change our society into one which is more equitable and is more conscious of the potential benefits and negatives these technologies can provide.

Omega Weapon

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Quote from: letningmequin on December 29, 2017, 06:49:54 PM

It's really impossible for a society that doesn't have cash. I know it sounds great or amazing but for me it sounds dangerous for a society that has too much freedom and no undercontrol by something.

You are mistaken a society without cash is a society with less freedom, everything you spend will be recorded somewhere and if you use your credit cards for everyday things like groceries even your habits will be profiled, so even if you used some other form of payment they will be able to know that it was you the one to make those purchases since security agencies will know your habits already.

skillink

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I agree if the digital money system can not be manipulated. My concern is oversupply because the demand for digital money is so cheap.

Tungsten-1

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Quote from: chrmn27 on January 03, 2018, 07:04:22 PM

That will be hard. Although more and more people are now paying attention to cryptocurrencies, let's not forget that there are still many who can't even afford to buy gadgets which is a vital tool in engaging in cryptocurrencies. Still, cash is needed by the society even if cryptocurrencies manage to be at its peak.

Bitcoin cryptocurrency is surely the next big thing in international currency and it has already shown some proofs. Many organizations have started to accept bitcoin as a source of transaction. They also provide discounts and promotions for consumers who pay through bitcoin. The organizers just need to ease its accessibility and it should be easily available on online and reachable platforms.

dx_twisted

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Quote from: 19Nov16 on January 05, 2018, 09:05:36 AM

I think this is a matter of concern, the cashless society is increasingly apparent today, the rich and the poor are too far apart to make a big problem in the economic order.

We already have a big problem in the economic order. There are third world countries, Class D sectors in our society that has a huge gap to fill in just to cope up with the current trend in the digital economy. However, business is business, if being cashless is the in thing nowadays, those companies will do anything in order to widen up their market which makes their business strive and survive further, without much consideration. After all, they'll just care to those citizens that brings money into their business, there's no point to pinned out that the poor are being left far behind.

19Nov16

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I think this is a matter of concern, the cashless society is increasingly apparent today, the rich and the poor are too far apart to make a big problem in the economic order.

Fantastic33

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Casheless society would be great, because transactions would be easier and faster. But i think it would be very difficult to establish. We've been using fiat for thousands of years, and is widely accepted form of payment by the government. It would be a very long process to convert everything into a cashless society. IT CAN BE POSSIBLE, but it will definitely take a very long time for it to happen.
Internet is also necessary for a cashless society. Without it, there will be no transactions. Other thab that, some areas in different part of the world do not have internet, or some people (especially the low earners) do not have mobile phones or gadgets to download app so cryptocurrency's transaction would be feasible.

azguard

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Quote from: sheldonnnn on January 04, 2018, 04:14:59 AM

I almost do not use cash in my everyday life. But I think that the usual money will never disappear. Like gold, they were always and there are more reliable than crypto-currencies. Cashless society it's like an utopia despite the fact that crypto-currencies are very popular nowadays and will become more popular in the future.

That is true everyday cash will be used for many years to come, some will say reason are this or that but if we think little wider then you will see. NO matter how much we use paper money or not crypto or not in the end we are all into paper for some reason or credit/debit cards.

We are using paper money for so long that it would be miracle if paper money disappear for good.

sheldonnnn

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I almost do not use cash in my everyday life. But I think that the usual money will never disappear. Like gold, they were always and there are more reliable than crypto-currencies. Cashless society it's like an utopia despite the fact that crypto-currencies are very popular nowadays and will become more popular in the future.

Wewe Gombel

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I think this is a sad thing. The current economic gap between countries is very high, in developed countries ordinary people spend $ 1000 per day while in developing countries people spend no more than $ 10 per day.

chrmn27

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That will be hard. Although more and more people are now paying attention to cryptocurrencies, let's not forget that there are still many who can't even afford to buy gadgets which is a vital tool in engaging in cryptocurrencies. Still, cash is needed by the society even if cryptocurrencies manage to be at its peak.

tempebacem

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Community without cash. Of course life will be difficult, poverty will increase, will have real impact. But fortunately every country has its own currency for shopping, can also be used for daily needs. Everyone needs our money need money in the world people will need money there are many ways to make money easily. All btc mining pools currently have Fundraising-managed programs supported by BLOCKCHAIN. You can easily get lots of btc there.

Mahanton

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Quote from: eaLiTy on January 03, 2018, 04:11:48 PM

Quote from: richmcrich on January 03, 2018, 05:29:49 AM

As soon the bitcoin will get implemented as currency banks will become of no use and because bitcoin is itself a bank and it is giving more than banks to its investors and sooner or later we will be living in cashless society and that will be good enough we don’t have any security issues as and we can get our payments done on our finger clicks and I am sure that modern time will be more beneficial for he everyone using bitcoin.

If you check the post the OP was talking about a cashless society and not about bitcoin being a currency,which is impossible in the first place if you are talking about that ,on the topic of having a cashless society it is a hard take as i do not want to follow any government coming up with any form of cashless solution and force me into using it,natural transition takes time as there are bigger problems to settle before thinking about having a cashless society.

Full transition came from paper currency to electronic or cashless society would really takes time and it wont really be an easy stuff. Even you would say that you wont follow their rules but still you would end up on having no choice but to accept it because how can you live without even using those tx since you would really need it. Cashless is possible since technology do evolve but I'm sure it would really takes time.

eaLiTy

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Quote from: richmcrich on January 03, 2018, 05:29:49 AM

As soon the bitcoin will get implemented as currency banks will become of no use and because bitcoin is itself a bank and it is giving more than banks to its investors and sooner or later we will be living in cashless society and that will be good enough we don’t have any security issues as and we can get our payments done on our finger clicks and I am sure that modern time will be more beneficial for he everyone using bitcoin.

If you check the post the OP was talking about a cashless society and not about bitcoin being a currency,which is impossible in the first place if you are talking about that ,on the topic of having a cashless society it is a hard take as i do not want to follow any government coming up with any form of cashless solution and force me into using it,natural transition takes time as there are bigger problems to settle before thinking about having a cashless society.

Majharul Saiif

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BountyMarketCap

Cashless society means pay money for buying something in virtually. I think it will be better for us.It is very needed in our modern society. I hope that we will pay for all these things in Bitcoin in future.

boyptc

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Quote from: letningmequin on December 29, 2017, 06:49:54 PM

It's really impossible for a society that doesn't have cash. I know it sounds great or amazing but for me it sounds dangerous for a society that has too much freedom and no undercontrol by something.

You are saying it now because you are not reading some things about it. But once you have an insight on how cashless society is possible then you'll say that it is very possible. In fact that this type of society has started already and not bitcoin started it out, if you are familiar with microchips then that is the start.

kriptotr

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Quote from: louisedem on January 03, 2018, 05:48:26 AM

Quote from: LuanX3 on June 14, 2017, 11:14:53 AM

This is possible, but this would be implemented by the governments. This would result into fiat currency being converted to electronic currency. Generally, I think this will not result to the governments using cryptocurrency as most of those are decentralized. Something the governments don't want.

I dont really think so, based on what the most people said, this is not going to make our society better but to worsen the current situation we have, it might trigger the urge of the hackers if the mass storage of the profit since its a cashless society already will be centralized which may attract hackers , this is basically will be a digital system so we cannot deny the fact that great hackers will be present.

Yes but governments may not need already existed coins. They can create their own coins as their national currency systems. But this will help the current crypto market expand more anyway.

Xenoph0bia

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Quote from: knightmairesaint on January 03, 2018, 07:41:17 AM

Quote from: louisedem on January 03, 2018, 05:48:26 AM

Quote from: LuanX3 on June 14, 2017, 11:14:53 AM

This is possible, but this would be implemented by the governments. This would result into fiat currency being converted to electronic currency. Generally, I think this will not result to the governments using cryptocurrency as most of those are decentralized. Something the governments don't want.

I dont really think so, based on what the most people said, this is not going to make our society better but to worsen the current situation we have, it might trigger the urge of the hackers if the mass storage of the profit since its a cashless society already will be centralized which may attract hackers , this is basically will be a digital system so we cannot deny the fact that great hackers will be present.

Of course, it will motivate people to do hacking and to steal in a very advance and technical way which is not good but I also think that it will be a challenge for the crypto world to have a more secured and advanced digital system. It is our hope that the security will be increased and be more effective and efficient but I also think that there will be a problem in these. These advanced system will not just create professional hackers but will also create a big advancement in the economic system, in which I think that we are not yet ready. If we hope for cashless society then there will be a very long road ahead of us.

Yes cashless society can be possible but not in the near future.All of the people of the world use the physical money because most of the population have no idea what is a cashless society what are cryptocurrencies.Moreover to operate cryptocurrencies you need to have an Internet connection and some knowledge about how to operate it. Many people are still illiterate and internet connection is not available at every place.The government also will not legalize cryptocurrencies such easily as they are full of risk because they are decentralized so physical money will continue to operate.

Mr.X(999)

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It's possible, just for example China. Most of the people cashless and use alipay or wechat as payment, even a homeless do have barcode for someone want's to donate them. Bitcoin have a good chance to be internationally virtual money.

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