there's nothing impossible in the world the technology of the new era are very faster to new development, thats the reason the cryptocurrency goes to use in any transaction use by the whole world become a cashless society, maybe 20 t 30 years the become a cashless society using the cryptocurrencies in the decentralized volatile.
We can be only a cashless society with cryptocurrencies if there will be a cryptocurrency that is unlimited... unlimited supply because that is the only answer for the possible demand of the people in the world so after 20 to 30 years of waiting we can have a cashless and smooth society with a cryptocurrency. 
Topic: Cashless society - page 58. (Read 36284 times)
there's nothing impossible in the world the technology of the new era are very faster to new development, thats the reason the cryptocurrency goes to use in any transaction use by the whole world become a cashless society, maybe 20 t 30 years the become a cashless society using the cryptocurrencies in the decentralized volatile.
A cashless society would not be possible for at least 100 years. Funny enough the last BTC will be mined in 2021 so maybe that is a sign?
Actually, the mining of the last BTC has no significance. It only ensures that miners have to look at transaction fees rather than block reward for their profits.
We don't need a full cashless society. Even if less than 1% of transactions are done through cash, it would serve the government's purpose.
A cashless society would not be possible for at least 100 years. Funny enough the last BTC will be mined in 2021 so maybe that is a sign?
Actually, the mining of the last BTC has no significance. It only ensures that miners have to look at transaction fees rather than block reward for their profits.
We don't need a full cashless society. Even if less than 1% of transactions are done through cash, it would serve the government's purpose.
A cashless society would not be possible for at least 100 years. Funny enough the last BTC will be mined in 2021 so maybe that is a sign?
Actually, the mining of the last BTC has no significance. It only ensures that miners have to look at transaction fees rather than block reward for their profits.
We don't need a full cashless society. Even if less than 1% of transactions are done through cash, it would serve the government's purpose.
There's been a lot of discussion about this lately. And it all comes down to the same thing, there is some hold that paper money has over people that they're unwilling to let go of it this time. It has nothing to do with cryptocurrency, the transition could have been made with debit cards, services like Google pay, Pay Pal, and other services like that. There is simply something that people refuse to let go of when it comes to paper currency and until we figure out what that is then there's not going to be any replacing it.
A cashless society would not be possible for at least 100 years. Funny enough the last BTC will be mined in 2021 so maybe that is a sign?
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.
I think that would be awesome with our society being cashless, no more lost cash because we dropped it. No more wallet snatched because we will have digital wallets. But among those advantages there will aways be a disadvantages like hackers will try to easily hacked all our money and steal all our investment and savings but I know there will always be a way to avoid that thing lets just not thing about that future, let that future come to us.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.
This is actually a good idea, a cashless society means less hassle more convenience to all of us. Imagine a world without worrying about your money in your wallet, that it may get stolen from you. Cryptocurrency also helps us with its security, we do not need to be bothered by storing our money in the bank or at a safe, the online wallets do that job for us. A cashless society is the most convenient way to live our lives carefree.
Stealing can be made with cryptos to, hard but possible.
It becomes much easier when you entrust your private keys to third parties. Take the example of banks: in the future, they will be offering bitcoin banking services. Because average folks don't understand Bitcoin and don't want to deal with securing their keys, they'll pay banks to do it for them. If banks "lose" the bitcoins to hacks, they might be insured up to a certain amount, but it will only be like FDIC insurance, denominated in USD. That's the nature of fiat money; it must be accepted by law for the payment of debts.
So it will be important to remember in the future, even as Bitcoin is mainstream and all the major banks offer supposedly secure storage services, to hold your private keys personally. Regulated entities will only be required to pay USD value up to the insured amount.
This is actually a good idea, a cashless society means less hassle more convenience to all of us. Imagine a world without worrying about your money in your wallet, that it may get stolen from you. Cryptocurrency also helps us with its security, we do not need to be bothered by storing our money in the bank or at a safe, the online wallets do that job for us. A cashless society is the most convenient way to live our lives carefree.
Stealing can be made with cryptos to, hard but possible. Anyway it would be good not to worry all the time about cash in wallet sometimes can be very frustrating. Most keep coins on secure wallet but this could be good if someday comes to reality. Still in some point we are in cashless society but for complete we will need much more. Who knows maybe in some near future it will be cashless but it wont be with cryptos maybe with something else.
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.
I think that would be awesome with our society being cashless, no more lost cash because we dropped it. No more wallet snatched because we will have digital wallets. But among those advantages there will aways be a disadvantages like hackers will try to easily hacked all our money and steal all our investment and savings but I know there will always be a way to avoid that thing lets just not thing about that future, let that future come to us.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.
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.
I think that would be awesome with our society being cashless, no more lost cash because we dropped it. No more wallet snatched because we will have digital wallets. But among those advantages there will aways be a disadvantages like hackers will try to easily hacked all our money and steal all our investment and savings but I know there will always be a way to avoid that thing lets just not thing about that future, let that future come to us. 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.
There is a great book on cashless society and what may go wrong or what may go right. It was like the author predicted tokenization in 80's. It is called "limes inferior".
In general not to spoil: society bases on digital currency (points: gold, silver and brown). Everyone has access to brown, which gives basic life. While anything beyond the needs of sustaining requires the silver and gold.
https://en.wikipedia.org/wiki/Limes_inferior
I think future may be related in such way to tokens, cyrpto and fiat money. While 90% of the society will suffer from the lack of resources, early adopters will benefit form the creation of such system.
But it would take the independency.
In general not to spoil: society bases on digital currency (points: gold, silver and brown). Everyone has access to brown, which gives basic life. While anything beyond the needs of sustaining requires the silver and gold.
https://en.wikipedia.org/wiki/Limes_inferior
I think future may be related in such way to tokens, cyrpto and fiat money. While 90% of the society will suffer from the lack of resources, early adopters will benefit form the creation of such system.
But it would take the independency.
Yes. I love Cashless Society. I spend most of my time studying and researching about Digital Currency because I wanna learn the basics of handling my crypto coins. This is in preparation for Cashless Economic System.
This is the best season to be educated and promote the advocacy of Digital Money. We must share our learnings to the people even to the Government System of our country. The President must be aware of the benefits of Cashless system.
This is the best season to be educated and promote the advocacy of Digital Money. We must share our learnings to the people even to the Government System of our country. The President must be aware of the benefits of Cashless system.
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.
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.
I think people without money will never succeed
Because a lot of negative impact in my opinion
Such as drug transactions with ease, where corruption and so on.
The day bitcoin gets completely decentralized and the government starts tracking blockchain activities, it will become worthless in less time.
I am very happy to interact with its anonymity and decentralization I don't wanna any changes in it.
I am very happy to interact with its anonymity and decentralization I don't wanna any changes in it.
Cahsless society is quite impressive and exciting to happened in the future. However people needs to develop more stable internet connection in countries that has low connectivity for it to work. Transactions are online and it will be more convenient for everybody. I'm very good at it.
This is actually a good idea, a cashless society means less hassle more convenience to all of us. Imagine a world without worrying about your money in your wallet, that it may get stolen from you.
Imagine having every payment openly tracked by the government. What if you like to partake in recreational drugs or prostitution? If you blow a bunch of money in Vegas, are banks going to start using it against us like credit reports? Maybe our employers will even start having access to this information? This seems like a very dangerous path to me.
Cryptocurrency also helps us with its security, we do not need to be bothered by storing our money in the bank or at a safe, the online wallets do that job for us. A cashless society is the most convenient way to live our lives carefree.
I don't see fiat currency going anywhere. So ideally, cash will remain. As for cryptocurrency, I can only hope that privacy-enhancing features are on their way. Because Bitcoin is very transparent, and governments are looking closer and closer.
That can surely happen someday in future. But there are a lot of decades left for that. Firstly you need near 100% internet availability for all. Secondly there are hacking and internet security issues. Thirdly there are awareness and internet literacy issues. So yes, it will take time and more importantly will of the society and government, but yes, I see that happening in distant future.
The idea is fascinating though I do think that this will not happen yet soon or in the near future. But given that it happens it will be very convenient for all of us , shop online, go to grocery stores, pay rents and make everday activities without carrying physical money nor cards with us. Imagine also that crypto banks would multiply i mean it could open a lot of opportunities for everyone in terms of knowledge , money and career. The only thing I see is lack of security what comes to my mind is the Ghost in the shell movie. The industry will never be ever be safe as it is. Especially as good people become smarter so does the fraudsters, twice as much.
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