Topic: Cashless society - page 79. (Read 36284 times)
If that happens the difference between social classes also would be bigger. How can a poor person can afford those elements?
I don't think that it is close to being a possibility because until now everything is based on cash from credit card payments to even Bitcoin you will see that it is being converted to Fiat currency. What the government also want is that their is a physical existence of their economy an actual proof of their own existence in which you will hardly see something that exist virtually. If the world goes virtual what do you think will happen? Then all the crimes now will double because money is now mostly seen in the web.
A cashless society is a nightmare for the people and good for the governments, because then they can fully control you. The government can put you on a blacklist if your personal opinion is not in accordance with their opinion.
Yes. It would be really bad to live in a cashless society, as governments would have full control over your financial information. However, the good thing about this is that it may reduce or completely eliminate criminal activity such as money laundering, as everything would be transparent making it much easier for governments to track and trace any unusual activity.
As banks and governments are becoming more interested into blockchain technology everyday, this may be unavoidable to happen at some point in the future. We will witness a cashless society where it brings convenience and security, but at the same time it will take over your privacy and control of your financial information.
Imagine if we had to use a digital Dollar, Euro, or perhaps a new world currency which every country around the world would use in a cashless society. The possibilities are endless, and we will embrace them in the future. Just my opinion.
Cashless society is already here. Most people don't use cash as much as they did before internet boom. I wouldn't want complete cashless society, it gives more power to the bank and government and take it away from people. Do you really want government keeping tracks of everything you buy/sell/own and then sell your information to private corporation who'll abuse it? It's already happening
A cashless society is a nightmare for the people and good for the governments, because then they can fully control you. The government can put you on a blacklist if your personal opinion is not in accordance with their opinion.
Yes. It would be really bad to live in a cashless society, as governments would have full control over your financial information. However, the good thing about this is that it may reduce or completely eliminate criminal activity such as money laundering, as everything would be transparent making it much easier for governments to track and trace any unusual activity.
As banks and governments are becoming more interested into blockchain technology everyday, this may be unavoidable to happen at some point in the future. We will witness a cashless society where it brings convenience and security, but at the same time it will take over your privacy and control of your financial information.
Imagine if we had to use a digital Dollar, Euro, or perhaps a new world currency which every country around the world would use in a cashless society. The possibilities are endless, and we will embrace them in the future. Just my opinion.
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.
Cashless society? Wow, sounds good to hear but how? Can we adopt this kind of system? If you said possible, what are some ways to implement of the government? I think it would take some years to be implemented this one. It would be hard for the beginner to adopt it. People wouldn't know how to handle it. The only thing they know is the fiat currency. The government here in my country don't care about this kind of system.
You seem to refer to In Time movie, right?
That's one of may favorite movies about a possible dystopian future of humanity that may actually come true one day. But I can't agree that the world pictured in this movie is completely cashless (though I understand that this is highly debatable). Indeed, there are no coins and banknotes in this movie, buy everyone has his stash of money (in this case, time to live is used as a money token) in his own hand, so to speak. In other words, the transactions are still made hand-to-hand (in the literal sense of the phrase), and there are no Central banks or just banks (or network, for that matter) to process payments (at least, that's what we can guess)
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails.
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails.
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.
Cashless society? Wow, sounds good to hear but how? Can we adopt this kind of system? If you said possible, what are some ways to implement of the government? I think it would take some years to be implemented this one. It would be hard for the beginner to adopt it. People wouldn't know how to handle it. The only thing they know is the fiat currency. The government here in my country don't care about this kind of system.
You seem to refer to In Time movie, right?
That's one of may favorite movies about a possible dystopian future of humanity that may actually come true one day. But I can't agree that the world pictured in this movie is completely cashless (though I understand that this is highly debatable). Indeed, there are no coins and banknotes in this movie, buy everyone has his stash of money (in this case, time to live is used as a money token) in his own hand, so to speak. In other words, the transactions are still made hand-to-hand (in the literal sense of the phrase), and there are no Central banks or just banks (or network, for that matter) to process payments (at least, that's what we can guess)
Cashless society is not far to happen. Many people nowadays accepted cyptocurrency as a new form of money. With cashless society, you can go anywhere in the world without cash on hand and worry free of being holdup.You can do all the transaction via online so everything will be hassle free. Value of money will be the same everywhere as well. Thank you to the power of blockchain technology and the people behind it is a genius. I am so excited to experience that.
Agree. We're not that far from making a cashless society become a reality soon. As more people become interconnected with the increased usage of smart mobile devices, they will have the opportunity to experience the use of cryptocurrencies or digital fiat currencies. While there are still some areas of the world where there is no internet access, that will be a thing of the past eventually leading the way towards a cashless society.
The blockchain technology has finally removed the need for trust, paving the way towards automation and freedom of commerce in a rapidly evolving world. With it, a cashless society would be formed where the IoT and AI would make a great combination towards an efficient ecosystem to make this a reality.
Nevertheless, where there is IoT, AI, and the blockchain, there is a possibility of a cashless society to happen in the future. It would probably be such where each government has a blockchain of its own or perhaps a new global currency would become used by any country in the world within a single unified blockchain. Just my opinion.
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails.
For the simple reason that there should always be a back up especially with the monetary system hat we have, we can't go fully cashless. It's not logical tonhave a system that is based on something like the internet that can anytime crash. What happens to us then?
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
If you're using altcoin then it is possible that they have backdoors to the blockchain, it's not just speculation, i'm pretty sure there are cases of it happening in the past(usbcoin i think?). But the discussion here is about cashless society in general, not just about altcoins.
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails.
Well, i think if you are going to planning on implementing a cashless society completely, then you'd have to go with decentralization. If you are conducting transactions on the VISA and Mastercard network, you are trusting their system to function correctly and no hacks to occur.
Cashless society isn't a good thing by itself, but if it's done with btc then it is, as the economy becomes decentralized.
The money based their value on trust but now with crypto the trust is digital and specualtive.
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails.
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails.
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails.
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails.
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Not only that but imagine what would happen in the case of the internet going down for a significant period of time due to hardware failure or hacks. At least now we can use cash even when all technology fails.
It would be a horror since you would be in the hands of the dev's .One negativ interrest rate and your wealth is going down when sleeping
Very long ago I watched the documentary "Zeitgeist". Then I thought it was too futuristic and closer to a conspiracy theory, but now I see that all what is said starts to come true. I'm sure at 100% that in the near future there is no place for paper money.
Although the people in the world might move to another type of payment method the people that use that system will rely on the money built from the Government. The platform that Bitcoin has will only influence the spending of Government money without having to use another company to do transactions that much. Jump to: