I don't think so. Yes it's good thing that cryptocurrency was develop, but it was not made to replace paper fiat or cash, instead it was develop to reinforce currency as we know it and to introduce alternative ways. Besides, not all people can readily accepts a society without cash. I also believe that it will create more problems than solutions if we totally extinct cash.
Bitcoin was specifically created to replace fiat money due to the corruption that centralization promotes. 
Topic: Does this mean Cash will be extinct? - page 54. (Read 14845 times)
I don't think so. Yes it's good thing that cryptocurrency was develop, but it was not made to replace paper fiat or cash, instead it was develop to reinforce currency as we know it and to introduce alternative ways. Besides, not all people can readily accepts a society without cash. I also believe that it will create more problems than solutions if we totally extinct cash.
Cash will be never extinct while people use. I think after 100 years it would be possible but now not. Bitcoin is still weak it needs to grow to 50k at least.
So people will know that its strong and that its not a weak scam coin.
100 years may not really still be possible. Definitely, it could be possible in some places with no demand for cash and with access to technology but would definitely be slower in some places with lower infrastructure since you will have to pretty much be online to transact without cash.So people will know that its strong and that its not a weak scam coin.
So, all this put into place would make it not go into extinction anytime soon and even longer than 100 years in some countries.
And with human level AI on the horizon it progress will speed up even more once that breakthrough occurs, which only hinges on more computing power - which we will see in the next decades.
Money might be a thing of the past entirely in the next century the way things are progressing right now.
I think cash will never be extinct, many direct transactions that will continue to use cash and will not be possible using virtual money or bitcoin. Besides, I'm sure the government will continue to maintain the existence of cash.
I think if the technology would permit it then it would be very possible. The problem is reaching people that are not technologically literate as people from the city. Maybe in the first world countries it can be done right away. For countries such as China though where a huge part is still rural and many farm based individuals would probably not be easy to assimilate into this.
We also have to take into account the cost of implementing this. Not all citizens would be able to afford such a move even in first world countries I believe. Maybe in Europe or the nordic countries it would be much easier for them. So it might still take a while for this to happen. Id say 30 years or more.
We also have to take into account the cost of implementing this. Not all citizens would be able to afford such a move even in first world countries I believe. Maybe in Europe or the nordic countries it would be much easier for them. So it might still take a while for this to happen. Id say 30 years or more.
It is a possibility in the future perhaps a decade or two most of the first world countries will stop using fiat currency and also implement a protection system for users. The only problem right now is the support as of now most of the people still think that cryptocurrency is not secure nor it safe little do they know that it is much safer that the fiat currency right now all they need to know is the right knowledge about it.
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 think it is not totally that the cash will be extinct because admit it or not, there will be still a small number of the total population around the world that will still prefer to use fiat or real money rather than using cryptocurrencies such as bitcoin and the government cannot force them to do make those people use it as it was used by other people. Maybe the right term is the usage of cash will be lessen since cryptocurrencies will be widely used but I think it is a little bit far from now that almost all people around the world will be using cryptocurrencies. 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
we wont really know what will happen to bitcoin in the yearsto come but i think bitcoin will still continue to exist and cash too because people still need fiats it is one of the symbol their country has.
I agree, No cash or fiat money cannot become extinct at any cost. A large number of population in the world still uses cash in the day to day transactions. The only source of their earning is through cash only. Many people in the world still don't have accessibility to the internet and have not even heard about the cryptocurrencies especially in bitcoin. It s even legalized in some countries and there are many cases of fraud.
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
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 will never make our world better, a cashless society is not an ideal thing when people are not all agree in uaing bitcoin for their entire life some of us will prefer having cash for transactions cause probably this is a way better than opening a gadget to pay for something, speaking of gadgets we cannot say bitcoin will make us more successful without a cash simply because how about the people who cannot afford buying gadgets are they going to live under our toes? We should consider every levels of our society.
we wont really know what will happen to bitcoin in the yearsto come but i think bitcoin will still continue to exist and cash too because people still need fiats it is one of the symbol their country has.
Cash will be never extinct while people use. I think after 100 years it would be possible but now not. Bitcoin is still weak it needs to grow to 50k at least.
So people will know that its strong and that its not a weak scam coin.
100 years may not really still be possible. Definitely, it could be possible in some places with no demand for cash and with access to technology but would definitely be slower in some places with lower infrastructure since you will have to pretty much be online to transact without cash.So people will know that its strong and that its not a weak scam coin.
So, all this put into place would make it not go into extinction anytime soon and even longer than 100 years in some countries.
Cash will be never extinct while people use. I think after 100 years it would be possible but now not. Bitcoin is still weak it needs to grow to 50k at least.
So people will know that its strong and that its not a weak scam coin.
100 years may not really still be possible. Definitely, it could be possible in some places with no demand for cash and with access to technology but would definitely be slower in some places with lower infrastructure since you will have to pretty much be online to transact without cash.So people will know that its strong and that its not a weak scam coin.
So, all this put into place would make it not go into extinction anytime soon and even longer than 100 years in some countries.
Cash will be never extinct while people use. I think after 100 years it would be possible but now not. Bitcoin is still weak it needs to grow to 50k at least.
So people will know that its strong and that its not a weak scam coin.
100 years may not really still be possible. Definitely, it could be possible in some places with no demand for cash and with access to technology but would definitely be slower in some places with lower infrastructure since you will have to pretty much be online to transact without cash.So people will know that its strong and that its not a weak scam coin.
So, all this put into place would make it not go into extinction anytime soon and even longer than 100 years in some countries.
There are many countries where hundrets of thousands or million of refugees without legal papers live and if the government will switch to electronic money only they will surely start to use something else as cash.
If the government just introduces electronic cash and let everyone participate whether legal or illegal, then the cash will likely extinct in that country. But I personally assume that governments will use the electronic money to control people and collect more taxes!
In that case people would just move to cryptos and ignore the governments to whatever extent possible though. That would be suicide for most governments today and then create a lot of chaos.If the government just introduces electronic cash and let everyone participate whether legal or illegal, then the cash will likely extinct in that country. But I personally assume that governments will use the electronic money to control people and collect more taxes!
It was very impossible for everyone to move on virtual currency and government will not agree because they will be traceable and most of the governments are corrupted so they will be revealed if everyone will be mandatory to use virtual currency.
possibly, but i really doubt that cash will be extinct. nowadays everything works in instant so its possible that we adopt to that technology and make the the cash we use as a digital cash, less hassle, safe and secure just make sure its Blockchain based otherwise I'm not interested.
Cash will not be extinct and it will just stay here in our world because majority of the people here in our world are using cash and they still prefer cash because of the ease of using it. Even bitcoin is a great currency, it is not enough for the cash to be replaced and we all know that the government still prefer cash over the other type or form of money.
I cannot say or cannot look forward that cash will be extinct anytime soon. Because there are still countries, shops and transactions out there that will be needing cash as a payment so that yes cash is not possible to just get lost. And also there are people who don't know how to use bitcoin that is why cash will still be there payment for whatever. 
Cash will not be extinct and it will just stay here in our world because majority of the people here in our world are using cash and they still prefer cash because of the ease of using it. Even bitcoin is a great currency, it is not enough for the cash to be replaced and we all know that the government still prefer cash over the other type or form of money.
I cannot say or cannot look forward that cash will be extinct anytime soon. Because there are still countries, shops and transactions out there that will be needing cash as a payment so that yes cash is not possible to just get lost. And also there are people who don't know how to use bitcoin that is why cash will still be there payment for whatever. 
Oh it will never happend that cash will extinct, cash is the basis in this world, while we are buying our wants and needs, cash is the number 1 need, and we need cash to survive in this society, if theres no cash theres no good future for your education, for our self, for our work etc, cash is part of history of all goverment so it will never happend that it will be extinct.
Money as we know it, in cash form has already start dying. More and more people are using pay cars and credit cards for paying their daily needs. That means, that one day cash will be gone, everything will be done electronically. Also you are wrong when you say that society need cash (paper money). You don't need cash to survive, you can do that easily without it. Therefor, one day we will stop using cash, and I think that is good. Because everything will be faster and easier, also cleaner.There are many countries where hundrets of thousands or million of refugees without legal papers live and if the government will switch to electronic money only they will surely start to use something else as cash.
If the government just introduces electronic cash and let everyone participate whether legal or illegal, then the cash will likely extinct in that country. But I personally assume that governments will use the electronic money to control people and collect more taxes!
In that case people would just move to cryptos and ignore the governments to whatever extent possible though. That would be suicide for most governments today and then create a lot of chaos.If the government just introduces electronic cash and let everyone participate whether legal or illegal, then the cash will likely extinct in that country. But I personally assume that governments will use the electronic money to control people and collect more taxes!
Oh it will never happend that cash will extinct, cash is the basis in this world, while we are buying our wants and needs, cash is the number 1 need, and we need cash to survive in this society, if theres no cash theres no good future for your education, for our self, for our work etc, cash is part of history of all goverment so it will never happend that it will be extinct.
Money as we know it, in cash form has already start dying. More and more people are using pay cars and credit cards for paying their daily needs. That means, that one day cash will be gone, everything will be done electronically. Also you are wrong when you say that society need cash (paper money). You don't need cash to survive, you can do that easily without it. Therefor, one day we will stop using cash, and I think that is good. Because everything will be faster and easier, also cleaner. Jump to: