Does this mean Cash will be extinct? - page 44.

Boysen

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Quote from: babsalt1975 on October 11, 2017, 06:12:47 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

Of course no! People will not stop using cash. If you will see our society today, I know that you will find out that the cash will never be extinct. There are many ways that the cash can do and bitcoin cannot.

Frostyroar

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I do not know about the fact that cash will extinct but i believe it will because we are going in the future we need to improve and this is one of those improvements to make we are getting rid of cash and only accepting crypto currency.

CherRic

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Quote from: babsalt1975 on October 11, 2017, 06:12:47 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

That is the future of money, cashless. online banking, online buying and selling are emerging really fast. People prefer cashless transactions nowadays. They do not like to carry large money in trasacting or in buying. If first world countries start this, then everyone follows. It has more advantages.

Purno99

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until at any time cash will not go extinct because cash is a valid means of payment. and also its existence has been recognized and approved by various parties from national banks and government laws.

Jake Virus

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That is impossible that cash will be extinct in this world, eventhough bitcoin price is still increasing and rising it will not be enough that cash is we will be extinct, cash is so better now than bitcoin because we can use cash anytime and anywhere unlike bitcoin.

MUG1WARA

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For cash has long been used and in my opinion it will continue to be used by everyone because there is cash management one of which is the government. and the government will continue to grow and always survive with its currency

Yarsk

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Faint money or cash can not be totally eradicated from all countries of the world, while some developed countries and even developing countries are strongly optioning in for a cashless economy which seek to eliminate and discourage the use of paper money and switching to the mode of online payments through master cards and other online payments method in transaction.
This will still take a very long time before cash can totally go into extinction because there is still need for improvement in the area of technological development.

twicezeroiszero

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Quote from: gabmen on November 22, 2017, 09:30:10 AM

Quote from: fazerockzx on November 21, 2017, 05:06:08 AM

I dont think cash will be extinct even if bitcoin grows bigger in the future, maybe there's a slight possibility but for my personal preference it wont because not all of us here in the world, or i could say not all of us in every country can afford bitcoin because of social problems like internet. Thats why i conclude that there's only a slight chance.

That slight chance is leaning heavily on the impossible. I can't even imagine gat happening. Its can probably for some countries like the us and uk or japan but to say cash would be extinct entirely around the world, that's not happening

Cash is a currency proves existence of the government and their incluence in the world's economy.
If someday, no cash in the world, they will not exist and something or no one manage the world.

EdenAquis

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"One Token to Move Anything Anywhere"

I don't think so , fiat cash in many countries is imperative , they generally require money rather than cryptos. Perhaps the rich individuals may not require trade out the future but rather the vast majority required just greenbacks. Cashless society just implies that , the rich might be the person who can have cash later on . What's more, I don't believe that the vast majority of the nations government acknowledges this sort of cashless society.

BTCMILLIONAIRE

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Quote from: Rajatruck on November 22, 2017, 09:46:33 AM

I find it worrying the end of the cash personally, apart from the cryptocurrency, it would mean the end of the private life

Not at all. Cryptocurrencies in combination with anonymizing software is vastly more private than cash or even digital fiat ever could be.

sumangs

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It is just a prediction and maybe some countries will not let this to happen since their fiat money is a way of collecting tax to people. Some of countries thinks that bitcoin is a threat and they will absolutely ban it and it will not make the cash extinct.

Rajatruck

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I find it worrying the end of the cash personally, apart from the cryptocurrency, it would mean the end of the private life

mozillaspez

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Money relies upon the administration of one's nation. They are the person's who manage the stream of the cash inside the premises of their nation. Along these lines they are the main ones who can choose and the first who realizes that money is now wiped out.

gabmen

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Quote from: fazerockzx on November 21, 2017, 05:06:08 AM

I dont think cash will be extinct even if bitcoin grows bigger in the future, maybe there's a slight possibility but for my personal preference it wont because not all of us here in the world, or i could say not all of us in every country can afford bitcoin because of social problems like internet. Thats why i conclude that there's only a slight chance.

That slight chance is leaning heavily on the impossible. I can't even imagine gat happening. Its can probably for some countries like the us and uk or japan but to say cash would be extinct entirely around the world, that's not happening

twthmoses

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Quote from: fazerockzx on November 21, 2017, 05:06:08 AM

I dont think cash will be extinct even if bitcoin grows bigger in the future, maybe there's a slight possibility but for my personal preference it wont because not all of us here in the world, or i could say not all of us in every country can afford bitcoin because of social problems like internet. Thats why i conclude that there's only a slight chance.

The article is not about replacing cash with example bitcoin, something that is entirely undoable. Bitcoin is too slow, too expensive, to even remotely compete with the easy and speed of cash.

The article is about replacing physical cash with its digital delivering method, namely credit card and Mobil pay, both options which have already for years surpassed physical cash in transactions amount and count, in the Nordic countries.

fazerockzx

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I dont think cash will be extinct even if bitcoin grows bigger in the future, maybe there's a slight possibility but for my personal preference it wont because not all of us here in the world, or i could say not all of us in every country can afford bitcoin because of social problems like internet. Thats why i conclude that there's only a slight chance.

josephdenne

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Founder & Core Team @ Edge Network

Cash as we understand it is an endangered species. Whether or not it will persist in future depends on how you define cash in the first place. If you take it to literally mean money in physical coins or notes, then it will almost certainly die out. However if you take it to mean an untraceable and instant form of value transfer, then there will always be cash – it will just be facilitated on a device.

francedeni

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Quote from: KnightElite on November 21, 2017, 03:55:02 AM

Quote from: babsalt1975 on October 11, 2017, 06:12:47 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 it can be! The cash will never be extinct is this world! Cash has many important uses in our society! People in our society will not stop to use cash because of its important.

Indeed cash will never be extinct though we have bitcoin and being well known, cash would be in use daily. Cash has been part of our daily lives no matter of the new other currency will exists cash still be on top to use.

KnightElite

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Quote from: babsalt1975 on October 11, 2017, 06:12:47 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 it can be! The cash will never be extinct is this world! Cash has many important uses in our society! People in our society will not stop to use cash because of its important.

Stormup2017

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I think that it will be better for markets if all people use virtual money, because we can spend more and more money if we do not see them physically. And I think that in 5-10 years, cash will disappear, but not in all countries, but mostly.

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