Does this mean Cash will be extinct? - page 43.

sheryl26

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Quote from: babsalt1975 on October 11, 2017, 07:12:47 AM

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

For me the word extinct is not very much appropriate, the cash will just be reworked or they will be upgraded. Because for me every country will not let the bitcoins as their official currency because of the fact that it is no stable the value do not varies day by day so it will be hard especially for ordinary people. And the second one are because of the fact that they are decentralized and the Government surely do not like that so the more likely to happen is for our cash today being converted into a digital version

w33man

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Quote from: babsalt1975 on October 11, 2017, 07:12:47 AM

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

It is true that cash may be extinct in the future, but I highly doubt that it is as early as 2023. I don't think that mankind is ready for that big change. Perhaps in the 2100 century, I am confident that maybe that time, it is possible for people to forget about the physical money that we have come to know and use for a long time.

Armstand

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Quote from: Boybugwal760820 on November 24, 2017, 04:08:49 AM

Cash will never be extinct even how much they would try... Cash will still remain because not all the places in the world is connected to internet or to mobile connection... there are many places in the world that are still remote where cryptocurrencies are never heard before. You might even lose your head if you say you'll gonna pay them with a cryptocurrency.

Cash will remain ita value to every people, especially the internet is not that stable yet, if it will be extinctbthen it might cause interruptions and problems in transactions so cash will still lives even when crypto spread popularly.

Boybugwal760820

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Cash will never be extinct even how much they would try... Cash will still remain because not all the places in the world is connected to internet or to mobile connection... there are many places in the world that are still remote where cryptocurrencies are never heard before. You might even lose your head if you say you'll gonna pay them with a cryptocurrency.

radjie

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I'm not sure about that, it does not mean with the existence of bitcoin cash will be extinct. Why is that? because it is not easy to replace the important role of cash in this world even if replaced with bitcoin or non-cash because all walks of life use cash as a tool to transact in daily life.
and many people still do not understand how to use bitcoin or non-cash money

jaaeeeyyyy

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I think its impossible to be a cashless society by now . Physical money is necessary because we can't buy anything with digital currency and also crypto is limited that cannot surpass the money we have today. It cannot withstand the necessity of the people in different country.

d1ceplayer

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Quote from: Kadal Ijo on November 14, 2017, 04:00:45 AM

Yes gradually cash will be extinct, now everyone uses digital money for transactions, we rarely find people carrying bags containing money, everything is only done with a piece of check paper, billet or giro.

There is no doubt in the thing that cash is becoming obsolete day by day and the maximum threat cash has from digital currencies especially bitcoin because it is not only currency but an investment as well. I am also not using cash very much now because these days I am suing bitcoin for clearing bills and purchasing things online. I usually do online shopping and this is more convenient with bitcoin.

azker

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Not yet for the time being in any event. Everybody still uses money fundamentally. On the off chance that everybody can take in more about Bitcoin and it gets their advantage then everybody may utilize it and it may cause annihilation however I don't see it happening.

Ulan01

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I think money will still be there. Because until now even people prefer to transact with cash. Because even though it is already crowded people use bitcoin in online transactions, but still few people know about bitcoin and ease of use

FeArZ

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Indeed yet the estimation of the bitcoin is higher than the paper cash and every one of the general population are presently mindful of the esteem and the significance of the bitcoin so I think later on individuals will lean toward the bitcoin and they will purchase every one of the things with the bitcoin internet shopping so I trust the bitcoin is the best seek after the general population same for me the bitcoin will be the lawful money in a few nations later on

Bitcoinjheta

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Quote from: BTCMILLIONAIRE on November 23, 2017, 11:06:24 PM

Quote from: dmamigo on November 23, 2017, 03:05:12 PM

Quote from: seasonw on November 23, 2017, 11:02:03 AM

Yes, sooner or later... But maybe not to crypto currency yet, maybe some other cashless methods. Have you ever seen people paying by cash in StarTrek, that's the answer to your subject question Grin

Yep, absolutely, surely cash will be be history, already cash is being reduced in few countries and digital usage is being promoted heavily.
Special rebates are being introduced in my country to transact digitally. Also new ways are being implemented where fund transfer has no fees provoking users to go by that path. Cryptocurrency will not make our world cashless, it will be the legal tender itself and government which will do so.

Well, there is a war on cash going on for sure. I'm all for it, I really don't like using cash. I like the designs of some coins and bills, but hate using it.

In Sweden probably Fiat money will be no longed active because there country is one of the richest countries in the world. One of that is there citizens are already using electronic transaction. So we can not deny the fact that digital currency will be the national currency soon in Sweden.

BTCMILLIONAIRE

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Quote from: dmamigo on November 23, 2017, 03:05:12 PM

Quote from: seasonw on November 23, 2017, 11:02:03 AM

Yes, sooner or later... But maybe not to crypto currency yet, maybe some other cashless methods. Have you ever seen people paying by cash in StarTrek, that's the answer to your subject question Grin

Yep, absolutely, surely cash will be be history, already cash is being reduced in few countries and digital usage is being promoted heavily.
Special rebates are being introduced in my country to transact digitally. Also new ways are being implemented where fund transfer has no fees provoking users to go by that path. Cryptocurrency will not make our world cashless, it will be the legal tender itself and government which will do so.

Well, there is a war on cash going on for sure. I'm all for it, I really don't like using cash. I like the designs of some coins and bills, but hate using it.

Dailyroberts

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Quote from: dmamigo on November 23, 2017, 03:05:12 PM

Quote from: seasonw on November 23, 2017, 11:02:03 AM

Yes, sooner or later... But maybe not to crypto currency yet, maybe some other cashless methods. Have you ever seen people paying by cash in StarTrek, that's the answer to your subject question Grin

Yep, absolutely, surely cash will be be history, already cash is being reduced in few countries and digital usage is being promoted heavily.
Special rebates are being introduced in my country to transact digitally. Also new ways are being implemented where fund transfer has no fees provoking users to go by that path. Cryptocurrency will not make our world cashless, it will be the legal tender itself and government which will do so.

Cash will never become extinct. It's been here for centuries and it will stay here as always. The changing thing is that some digital assets will be the new friends of cash, that's all. No need to discuss weird thing about the removal of cash.

H0neyAngelhearts

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I think, Cashless culture could not occur as easy, simply because there are plenty of individuals who have'nt noticed however about cryptocurrency, The tendency if individuals are much less informed in crytocurrency perhaps, there will be a great mayhem, In my opinion also there are neighborhood away from electronic globe, Exactly how should we teach them?

dmamigo

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Quote from: seasonw on November 23, 2017, 11:02:03 AM

Yes, sooner or later... But maybe not to crypto currency yet, maybe some other cashless methods. Have you ever seen people paying by cash in StarTrek, that's the answer to your subject question Grin

Yep, absolutely, surely cash will be be history, already cash is being reduced in few countries and digital usage is being promoted heavily.
Special rebates are being introduced in my country to transact digitally. Also new ways are being implemented where fund transfer has no fees provoking users to go by that path. Cryptocurrency will not make our world cashless, it will be the legal tender itself and government which will do so.

Eyesstalker

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No cash will never be extinct because there are always some country's that are poor and don't have internet so they need a form of payment method to buy their stuff. So that is why cash will never go extinct.

bystander_sss

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i think, therefore I am

that is depend on time, the crypto-coins will replace the cash finally.
But truly at this moment cash will not be replace Grin

Darwintas

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Quote from: seasonw on November 23, 2017, 11:02:03 AM

Yes, sooner or later... But maybe not to crypto currency yet, maybe some other cashless methods. Have you ever seen people paying by cash in StarTrek, that's the answer to your subject question Grin

I think that it will be also extinct but its not the time now, because even now a lot of people are using cash. In poor country's people have no credit cards most of the time.

So they will continue use it as before. So we will need to help them in order to make cash extinct.

seasonw

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Yes, sooner or later... But maybe not to crypto currency yet, maybe some other cashless methods. Have you ever seen people paying by cash in StarTrek, that's the answer to your subject question Grin

darkangelosme

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Quote from: babsalt1975 on October 11, 2017, 07:12:47 AM

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

I don't think that plan would succeed, fiat money is hard replace since it is very useful to buy our basic commodities, im not saying that it is impossible to pay our basic commodities with crypto, what i'm trying to say is really hard to broke the system of using the fiat money. That's my opinion only.

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