Topic: Cashless society - page 48. (Read 36287 times)

Well the problem with the concept "one world government" or a "global currency" is hard to happen as not all countries are in full cooperation or even at least have one view about the topic, and they are right to do so as there are certain economic consequences in doing so. It is no about cooperating with all the countries but also it is about protecting your own country from economic losses. Accepting one kind of currency will make you face global inflation as well as abuse of large corporations.

I think he's talking about merging cryptocurrencies with the fiat system. Which can be done but still we have a long way to go. He's saying that he want fiat to remain the same because it is much reliable these days ( I mean not everyone can provide a smartphone and a fast internet connection in order for cryptocurrencies to work ). But this idea will change 10 years from now where digital age is more improved and more implemented and trasacting with crypto is much more reliable than fiat.

All along, this was the dream of a one world government.  If you are watching a lot of movies, especially futuristic in nature, there has been a lot of presentation of a cashless society. One that would not bother anyone of a wallet.  There has been a long campaign already of this.  A no boundary cash.  This will happen in the near future as the birth of this cryptocurrency has crept in slowly into our society.

Yes, we do live in this generation now that everything can be done through cashless transactions and this is the reason why the blooming popularity of bitcoin starts to make some idea about the future of cashless society. Paying our bills through digital money or specific with bitcoin is less hassle and if other transactions are with this, we don't have to carry fiat money and be scared of robbers out there.

I do agree from this man. In one day or more, you can roamed around without any cash in your pocket right now. In transportation you can used beep cards, in malls you can buy with credit cards at home you can pay bills by your mobile. We are literally a cashless society now, maybe not all of humans but I would rate maybe 25% of world population is now doing it. And most of those are found on a first world countries i think.

I think the main reason most people don't like this is that everything becomes traceable. From a top down perspective, that's great! Increased public revenue, impede criminal activities, increased economic control (negative interest rates), etc.
The problem is that the vast majority of people place a lot of value on their privacy, and even more that dont trust their government, much less a central bank. And I see there point, this is something that could theoretically be abused.

Presently, digital electronic cash is establishing quite strong. System blockchain buying and selling method has present day technologies, making it less complicated for individuals to pay out, transactions, which is also a very good signal. However today's culture even now needs money, it also accounts for a really essential portion of each day daily life. A lot of people nevertheless do not know how to use Bitcoin, even with no understanding what it is, they even now want to use money to commit each day, using digital money to commit every day is fairly challenging, They are not as handy as income. Society nonetheless demands money

Correct. Cashless is not just bitcoin or any other other crypto coin at all. We use cards any type or card where transaction is cashless. Everyone pays at least once with card so this is cashless transaction, person didnt pay with cash.

So anything that is purchases by credit card or electronic funds transferral rather than with cash or checks is cashless.

It looks like great but it is impossible to happen, because more people were not know the bitcoin. Those people who have less knowledge in using gadgets have less prone to have an idea with regards to bitcoin. Moreover cash is included to the daily routine of all people, so it is impossible to declined the numbers of cash users.

Maybe there will come a time where physical cash are not that good of an option. I think, if more people would want to use cryptocurrencies then a cashless society might already been within reach. One, it can't be easily stolen from the user since it can be frozen and it has to be verified by either 2-way verification. But first a more secure network is needed for it to be implemented.

Cashless society would look like great,but its very hard to bring in to reality.Lots of issues would arise.Still we have senior citizens and illiterate people who don't know about digital transactions.They still consider paper money as the true currency.In india too,the government tried to ban high value notes and convert people to cashless economy,but it failed to deliver the expected results.Even in US where mostly digital transactions are carried out,still paper money is used.

A cashless society is really not all about Bitcoin and decentralized systems and I doubt more than a handful governments would want to incorporate that in their cashless policies. It should be made bare here that going digital or cashless does not necessarily mean transparency would follow. Bitcoin was only able to accomplish that much by way of the introduction and use of the blockchain and hashing algorithm.

cash less really  gonna be funny but is will eventually come with a lot of cons
*our money gonna less secure ( hacking our a/c or personal details)
*govt. gonna look after your money NOt you LOL.
* everybody gonna be expose globally , anyone(hackers) gonna know you real estimated value of your accounts.
*it will be very easy to bankrupt someone.
etc

there are really some pros of getting cashless ( every bank is already forcefully convincing us )

Nowadays cashless transactions are being utilized in many restaurants and or establishments. Major banks already offer this kind of feature through ATMs. Using atm may also be harmful as security against skimming devices are not yet that well established. On the other hand, if we will be using bitcoin for transactions, I think same thing will also apply, security must be up to date. People will always try to destroy or make a way to negatively alter something very precious to us like bitcoin. Internet sites are very vulnerable to malware attacks so there must be something that we should do to enhace its security, with this, cashless society can be more appreciated.

We are already a cashless society. 

Paper money and electronic payments existing simultaneously is a decentralized format. Paper fiat and electronic transactions compete which brings a type of balance.

Eliminating paper money so that only electronic payments exist would be a big step towards centralization.

Centralized formats go hand in hand with monopolies.

Monopolies tend to be exploitive and abusive towards consumers.

It could be a negative consequential chain of cause and effect.

I hope people think twice before committing to a cashless society.

Cashless Society: Is This What An 'E-krona' In Sweden Could Look Like?

Will Sweden get the krona in an electronic format, the so-called ‘e-krona’, as a complement to cash? This question is currently being investigated by the Swedish central bank, the Riksbank. It follows the launch of a project by the back in mid-March to investigate the need for such an e-krona and the consequences.

The reason for this is that digital payments, for example by card, are in the process of eliminating payments using banknotes and coins. This trend towards a cashless society could ultimately “make society vulnerable” in that the payment market would be concentrated among a small number of private participants, it was suggested.

The use of banknotes and coins has been declining in Swedish society over recent years. At the same time, the central bank noted that virtual currencies (read cryptocurrencies) and payment methods are moving rapidly are undergoing swift technological development.

Indeed, the proportion of cash payments in the retail sector in Sweden has declined from around the 40% mark back in 2010 to some 15% in 2016.

“If this trend continues, Sweden may, in the not-too-distant future, become a society in which it is no longer possible to pay using cash. This development is unique from an international perspective,” a communiqué from the world's oldest central bank stated.

https://www.forbes.com/sites/rogeraitken/2017/09/26/cashless-society-is-this-what-an-e-krona-in-sweden-could-look-like/#759d6729165e

I think if humans without money for now can not be realized because not all over the world using the means of payment without money for example small shop stall that many spread on the edge of the highway, but in the future it could be a community without money so effectively and efficiently.

I think if it will give conveniece to others its possible here in bitcoin,i think we can call that digital world big word but its not impossible here if that will happen like the transaction nowadays in different country in digital money,its so much fast and secure thats why we can trust now digital money here in bitcoin but i think im happy now here even bitcoin or a bank so let see if that will happen

Paper money is as important to world as digital currencies for working properly. I think that in near future these two currencies will work hand in hand for the betterment of society. Paper money has still bigger market than bitcoins or precisely crypto currencies. It is not easy at all to remove fiat forever.