Digital Money = Cashless Society - page 47.

naidray

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Quote from: hisuka on March 27, 2018, 09:27:35 PM

Quote from: Lexurdania on March 27, 2018, 08:29:25 PM

Quote from: First77 on March 25, 2018, 12:27:41 PM

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Bitcoin is a part of digital money. How is digital money is your country ??

Its now become more popular using digital money in many country. Its because the advance of technology. In my country, not many people using digital money, and digital money not in many merchant but I am believe in the future, its will be standart for payment

Glad to hear this kind of situation in other country a cashless society. Here in my country digital currency is started to be well known. But, not in the sense to be adopted by all to use as payment in the store. Our Government has no plans to adopt this digital currency because people still prefer the onhand or paper money. As this paper money is still very vital in the economy and to all citizens.

This is the same situation we are beginning to have in my country as well and with the way things are going, it is becoming rampant.

Yeah, one may still need paper money in some places, but you are rather doing most of the things you do digitally these days without the need of card. You buy food, fuel, groceries, etc. with your debit or credit card via POS, and most times, you are living every day without cash, that is how it has become.

Technology is advancing every day, internet itself has changed a lot of things and since we can easily do most things without having to hold fiat, cashless system is beginning to gradually take a hold of most places all over the world. I cannot remember the last time I held fiat, and even the little I have on me for a long time now, it is either I am using it to pay some few hard laborers who may do some repairs for me, or give it as alms.

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Quote from: valentine401 on March 31, 2018, 08:14:19 PM

Quote from: First77 on March 25, 2018, 12:27:41 PM

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Bitcoin is a part of digital money. How is digital money is your country ??

Cashless society is a great idea but i think that there are governments who are going to complain about the system because some of the are corrupted and they do not want to get tracked about those bad things they are doing to the community.

I think it will not happened because some street vendors doesn't know about the technologies On bitcoin. About transactioning the payments through the system ,we all know that some people still believe on the paper money because of the historical and well known all over the world. Instead of cashless society I think paper money still exist but it will reduce because of digital money.

to change from fiat money to digital money i think it need a long time. besides that many rejection of this. there are still many areas that do not yet have internet so they will still use fiat currency

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Quote from: First77 on March 25, 2018, 12:27:41 PM

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Bitcoin is a part of digital money. How is digital money is your country ??

Cashless society is a great idea but i think that there are governments who are going to complain about the system because some of the are corrupted and they do not want to get tracked about those bad things they are doing to the community.

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Quote from: mace15 on March 31, 2018, 07:25:48 PM

Quote from: arrmia11 on March 31, 2018, 06:17:31 PM

A society cannot be called completely cashless society even if it is mostly using digital money. We cannot still deny the fact that we need the paper money to regulate the economy of our country and to identify us that the currency we are using is belongs to that society. It is very normal nowadays all over the world to use cashless mode of transactions but it wouldn't determine the society to be as cashless.

I agree with you, this totally means there is still countries needs a paper money, not all can easily adopts to use this digital money. To the fact, cashless society also has a good impact to the economy were it helps as fast transaction. Therefore, cashless society would be great but, in my country paper money still has the vital role in the economy system whereas this technology is not yet totally adopted.

Only countries where people don't have access to internet need paper money. In a futuristic society there isn't any need of using paper money, only if people wish for some particular reasons... Countries can regulate their economy virtually and it's even easier for them to track the money in a digital format than in paper. Paper money can go to anywhere and it won't be tracked, while digital money is being tracked all the time.

In our countries cashless society isn't a reality yet because the lack of technology, as you said, and the lack of interest from older people in learning how to use digital cash instead of paper.

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Quote from: arrmia11 on March 31, 2018, 06:17:31 PM

A society cannot be called completely cashless society even if it is mostly using digital money. We cannot still deny the fact that we need the paper money to regulate the economy of our country and to identify us that the currency we are using is belongs to that society. It is very normal nowadays all over the world to use cashless mode of transactions but it wouldn't determine the society to be as cashless.

I agree with you, this totally means there is still countries needs a paper money, not all can easily adopts to use this digital money. To the fact, cashless society also has a good impact to the economy were it helps as fast transaction. Therefore, cashless society would be great but, in my country paper money still has the vital role in the economy system whereas this technology is not yet totally adopted.

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A society cannot be called completely cashless society even if it is mostly using digital money. We cannot still deny the fact that we need the paper money to regulate the economy of our country and to identify us that the currency we are using is belongs to that society. It is very normal nowadays all over the world to use cashless mode of transactions but it wouldn't determine the society to be as cashless.

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Quote from: cryptosize on March 26, 2018, 03:51:23 PM

What if Bitcoin (and blockchain tech in general) started as a social experiment (possibly by the NSA*) to acclimatize the masses to a cashless society?

* http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm
https://www.naturalnews.com/2017-12-10-evidence-points-to-bitcoin-being-an-nsa-psyop-roll-out-one-world-digital-currency.html
https://www.zerohedge.com/news/2017-06-12/exposed-real-creator-bitcoin-likely-nsa-one-world-currency

I know it sounds like a weird conspiracy theory, but think about it for a second...

There's one major hurdle for the Average Joe when it comes to blockchain tech: securing someone's private key. Most people are too negligent and they tend to lose/forget passwords and stuff like that (unless it's too easy to remember).

What's the solution to this problem?

Store the private key (256-bit number) into an NFC chip and inject it into your hand! Sounds familiar?

https://arstechnica.com/information-technology/2014/11/man-has-nfc-chips-injected-into-his-hands-to-store-cold-bitcoin-wallet/
https://en.wikipedia.org/wiki/Number_of_the_Beast

Disclaimer: I'm not a religious person.

We don't know who Satoshi Nakamoto is, but we know that he was a very smart person and he made lots of successful predictions...

If you think this is a conspiracy theory, then try to remember why Steam (most famous PC digital game marketplace) succeeded: PC gamers were acclimatized to digital-only games thanks to piracy (which was condoned to a certain extent) for many years before Steam arrived.

Pls don't shoot the messenger!

Nobody should waste any time thinking about such a stupid conspiracy theory. All the sources posted are garbage websites that peddle nonsense to idiots who are too stupid to think critically. Society was moving to a cashless system far before crypto was ever conceived, let alone implemented, and nobody is even using Bitcoin on a large scale compared to actual cashless fiat systems. If the gubment wanted to acclimate people to cashless society because [insert evil conspiracy theory] they would come up with something far more useful than crypto and something that people actually use to conduct transactions.

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Quote from: sidodadii on March 29, 2018, 07:09:51 PM

Digital currency in my country is still prohibited to be used for shopping anytime, because it seems my country's government is afraid of inflation if bitcoin dominates the market while the currency of my country even does not apply, with the government will be difficult to control the market

It is my opinion that if bitcoin keeps getting bigger we are going to see more and more of that, governments trying to do their best to forbid bitcoin and avoid people to use it but if they are unable to offer a better product, in this case a currency, then people are going to use the superior currency, that is unavoidable, so at the end it doesn't matter what the government do if they cannot manage their economies correctly bitcoin will overcome their fiat.

markk94

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uhh kinda excited about this topic on cashless society, especially that term on china. once view videos about that cashless system in china, kinda amazed by their system of cashless. so quick and simple to use! i hope in my country, there will be open minded people who lead us and create such a system or they simply accept cryptocurrencies in our country.

First77

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In cashless society, there will be no armed robbery at stores/shops since all the money gets deposited in store owner's bank account when customers make the payment using debit or credit card. There will be no cash at the stores/shops.

So store owners will benefit more by not having to face guns when they encourage card payments and by supporting cashless society.

jatin729

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I totally agree with digital money concept because now a days technology has been changing in every month and world become faster now a days. In faster world blockchain comes for providing convenient way to transaction.

cashless society is not an easy talk country like India, but govt. Is doing all effort for going cashless. Recently year NPCL ( national payment corporation of india) launched UPI (unified payment interface) for ewallets like paytm etc. And this is very successful step they have takens because last month total transactions had taken place near about 140millions.
It shows that digital currency is not away.

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Quote from: toygama on March 25, 2018, 11:40:41 PM

Quote from: pixie85 on March 25, 2018, 04:23:54 PM

I think cashless society is vulnerable in many ways. You don't have anything to trade if you ever go outside of the internet range. If you've ever travelled you know how easy it is to get into a blind spot where your phone doesn't work. And in such spot your internet won't work too. They won't have card terminals and you won't be able to buy fuel for your machine or a bottle of water. It's too early to try to live in a cashless society.

I think maybe in the future cashless society as of now is not the proper time but with the new technology wich bitcoin can play a major role in digital transactions hope we can be a cashless society.

In the future, if there comes a time when we manage to have only digital currency all over the world and that all the countries and their governments have declared them as legal currency, then there are likely chances to experience a cashless society and that there will be hardly any person who will then be even interested in keeping paper money with himself as he will be much more interested in crypto currency then.

ronics

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In my state it is almost identical to china but their are still many offline stores in that collected cash from their customers. Is it that many people who stops or outs from using credit cards very little according to all it makes most people spend a lot on you not think the world is able to adapt or become a cashless society .

First77

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Quote from: om_iyo on March 29, 2018, 11:49:53 AM

Yea, the world was change. We live in digital world right now, such as money and payment. It need more regulation to safe, secure, and useful in any transaction. Bitcoin is a sample of decentralized system product. It has no board to control it. It's different with e-money based of debit or credit card. So, it's one of bitckin's weakness to develop and survive among another 'money'.

Now there are some 4,000,000,000 internet users worldwide.

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Quote from: Biggapp on March 29, 2018, 04:12:47 PM

Quote from: tanghere02 on March 29, 2018, 06:41:06 AM

I’ve also heard even beggars in china use digital money, I mean they have a QR code laminated and if tourist or people wants to give them money they just use that to scan the code. In my country digital money or currency is still taboo to some so its not that useful yet but hopefully in time.

The worst thing about different cultures and people is that they term new inventions as forbidden on them and the notables of that community ensure that no one from that area uses that invention for the betterment. Here comes the best part of the crypto currency that it hides you from your wallet and no one can come to know about your wallet and portfolio. In my opinion, after some time all of this will be over and people are going to use the crypto currency like the normal currency they have in their wallets.

Just like in my country. in some developing and poor countries most people still rely on cash because technology has not been so widely used. yeah so using digital money is still too taboo. to implement a cashless society I think it will take a long time because the human resources of each country itself some are still not ready yet.

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Quote from: First77 on March 25, 2018, 12:27:41 PM

It is said now China is a cashless society. Use of debit and credit cards in shops/stores, online pay bills, shopping online.

Money earned from the internet is known as digital/electronic money. People who earn money from the internet, they get paid money in electronic form by payment processors such as skrill, perfectmoney, alipay, paypal, bank-wire transfers because online workers are worldwide.

Last month, I got $20 from online surveys. The money was sent to my bank account via online payment processor. Now if I buy 2 shirts using debit cards at offline or online stores, there is no cash involved but I have 2 shirts.

Bitcoin is a part of digital money. How is digital money is your country ??

The future would be a cashless society, but as long as there are people who oppose for it then it would still he debatable. Volatility is the aspects that affect the implementation of a cashless society in some of the countries.

Harrisonimo

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This is the way of the future transactions. It is really easy and you end up not getting to touch any cash just like you exemplified. This is part of the idea conceived by the Cryptocurrency and easy payments for goods and services rendered. It is time for global acceptance and adaptation of the blockchain concepts.

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Digital currency in my country is still prohibited to be used for shopping anytime, because it seems my country's government is afraid of inflation if bitcoin dominates the market while the currency of my country even does not apply, with the government will be difficult to control the market

Hazaki

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The only populations that fear cashless societies are the few countries that are heavily invested in the cryptocurrencies market especially in asia such as japan and china .. All the others are safe from such things since most of the people aren't really up to date with what's happening and still consider cryptos as a scam .

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Quote from: richardsNY on March 25, 2018, 02:21:59 PM

I once wanted to pay with paper money in a barber shop, and they just couldn't provide me the change because almost no customer uses cash to pay, and thus they had not much in their cash desk. I was kinda shocked, because usually barbers, bazaars, etc, are those who work with cash the most, but even that is declining. If I think back, I don't recall having even touched cash money this year. I just pull out my bank card, have it touch the NFC panel, and transaction is made. No fees are involved, I enjoy buyers protection, insurance on various products, etc. It's an ultimate form of convenience that people love, and I got to admit, it's difficult for Bitcoin to even disturb this process....

Bitcoin is probably not going to disturb that process, but the good thing is that it doesn't have to the whole economy is going to take care of that when people realize the lie they had been sold and how fiat is such a terrible idea, but I agree that in theory the system cannot be beaten its very convenient to use and it offers great protection in case of fraud, but all of that is going to be gone when the economy as a whole crashes.

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