this is just bullshit, bitcoin is a digital currency, and paper money is the currency that is always used for the exchange of tools that is recognized throughout the world. besides bitcoin will not do any good if it can not be exchanged for paper money.
Right. Cash will not be extinct because digital money exist. It will be hard to anyone to adjust with the use of bitcoin. Not all enterprises specially small enterprises will accept this as a payment when a person buy a good that you have to pay for a small amount unless all product will increase the price. Beside to that the government for sure will not accept that manner because being decentralized of bitcoin, it does not need to pay any taxes. 
Topic: Does this mean Cash will be extinct? - page 56. (Read 14862 times)
Obviously cash will be extinct if other countries will follow, they will only have value for collectors and museums. But for the possibility of that happening I don't think so relying fully on technology for payment in the future might not be best for all of us, I mean not all people are technically inclined to use gadgets let alone make our legal tender virtually exist. It would take years before people will fully adapt to the new system as many people will still prefer the use of Fiat currency.
cash is the identity of a country, so in my opinion, eliminate the cash means eliminating one of the identity of the country.
Might be true when eliminating cash altogether, but I don’t believe so. Many countries in the euro-zone has abandoned their former national currency and change to the Euro. Some problem free, some not so. But their national identity has not disappeared.
Cash will always exist cause people will need physical currency to transact or pay their bills and also digital currency can only be used if you have internet or a device that can connect to the internet were some countries doesn't have access to the internet or does not have those devices. It would be highly possible for this countries to create their own crypto currency but they could not relinquish as payment.
What you saying here is true somehow but the purpose of cash is because every single thing is cash needed right now. From small thing to huge thing need some cash unless some of them are going to trade with coin may be it is depends on both side. But overall there is no way that we cash can be extinct since bitcoin will turn out to be some cash in the end. If there is no cash, how can bitcoin even worth?
So, we might still have to deal with it for now. I for one still want cash in existence even if I do not use it much, but it is physical and it just comes in handy sometimes.
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.
cash is the identity of a country, so in my opinion, eliminate the cash means eliminating one of the identity of the country.
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
No I dont think so. Cash will not somehow extinct because we all know that this bitcoin is not somehow so strong to replace the cash in our economy. We can say that bitcoin can be somehow become more popular but not in terms of having it as our major currency to be used and replaced cash.
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
Maybe it will in the long run. But when you think about it, the reason why digital money is made by mr. Satoshi is because he wants to liberate us from use of fiat currency controlled by a centralized authority. So come to think of it, maybe his main goal will be materialized afterall. But before we get there, we will go through a lot of difficulties and resistance.
Cash will always exist cause people will need physical currency to transact or pay their bills and also digital currency can only be used if you have internet or a device that can connect to the internet were some countries doesn't have access to the internet or does not have those devices. It would be highly possible for this countries to create their own crypto currency but they could not relinquish as payment.
What you saying here is true somehow but the purpose of cash is because every single thing is cash needed right now. From small thing to huge thing need some cash unless some of them are going to trade with coin may be it is depends on both side. But overall there is no way that we cash can be extinct since bitcoin will turn out to be some cash in the end. If there is no cash, how can bitcoin even worth?
So, we might still have to deal with it for now. I for one still want cash in existence even if I do not use it much, but it is physical and it just comes in handy sometimes.
Despite of the growing fame of bitcoin and other cryptocurrencies, I truly believe that cash or physical money will not cease to exist and will still coexist as it has been used by our civilization for a very long time. We are still dependent to it and there are still a huge fraction of the world's population who still doesn't have access to virtual money so I think that completely phasing it out may take some time.
Cash will always exist cause people will need physical currency to transact or pay their bills and also digital currency can only be used if you have internet or a device that can connect to the internet were some countries doesn't have access to the internet or does not have those devices. It would be highly possible for this countries to create their own crypto currency but they could not relinquish as payment.
What you saying here is true somehow but the purpose of cash is because every single thing is cash needed right now. From small thing to huge thing need some cash unless some of them are going to trade with coin may be it is depends on both side. But overall there is no way that we cash can be extinct since bitcoin will turn out to be some cash in the end. If there is no cash, how can bitcoin even worth?
So, we might still have to deal with it for now. I for one still want cash in existence even if I do not use it much, but it is physical and it just comes in handy sometimes.
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
it takes a long time to get rid of cash and the process is also not easy, it must be supported by human resources and good banking technology, however cash payment will not be extinct, maybe cash payment can be another alternative if the digital connection is disconnected
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
Maybe, it is not impossible, if we have the same currency, then there will be no poor country, transactions will be easy and even those who are in poverty line level of citizen then can participate on transactions too, there will be no discrimination on life status, 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
As said elsewhere, I'm sure that cash will be banned by most countries in a very short period. I guess that the forecasts made by Swede dealers are right, and I suppose that in other northern countries it won't take much longer than 18 years. I'd just like to point out that I believe the robbery thing to be a cheap excuse. I believe the central point to be total control on cash flows, be it for noble reasons (as might be reducing taxes dodging or detecting illegal activities) or very less noble (squeezing our pockets for bank services, allowing total seizure on your wealth and the very like).
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 will probably goes into a digital chaos on the internet if this will imply on any country also hackers will be more active than other time because they want to test their skills and more cybercrimes and attack will be more than ever . This idea will probbaly an absurd one because how they will build the securing and safe measures out of it.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
The technology for digital currency is no match for the ease and speed of cash. We need completely different thinking of the technology if digital currency should rival cash.
The article is not about changing to digital currency, it’s about changing to digital delivering method of paper money, namely credit cards and Mobil pay. This will happen within a few years in all Nordic countries and has already been underway for 10+ years.
I will be difficult to change whole system and only use digital currency it is mostly impossible i think but bitcoin can be used as an alternative to this some times
No government would want to give that up at least not anytime soon and probably later when there is less need for cash or no need at all, we may start seeing more focus by governments on adopting the blockchain technology the more.
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 will probably goes into a digital chaos on the internet if this will imply on any country also hackers will be more active than other time because they want to test their skills and more cybercrimes and attack will be more than ever . This idea will probbaly an absurd one because how they will build the securing and safe measures out of it.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
The technology for digital currency is no match for the ease and speed of cash. We need completely different thinking of the technology if digital currency should rival cash.
The article is not about changing to digital currency, it’s about changing to digital delivering method of paper money, namely credit cards and Mobil pay. This will happen within a few years in all Nordic countries and has already been underway for 10+ years.
I will be difficult to change whole system and only use digital currency it is mostly impossible i think but bitcoin can be used as an alternative to this some times
No government would want to give that up at least not anytime soon and probably later when there is less need for cash or no need at all, we may start seeing more focus by governments on adopting the blockchain technology the more.
this is just bullshit, bitcoin is a digital currency, and paper money is the currency that is always used for the exchange of tools that is recognized throughout the world. besides bitcoin will not do any good if it can not be exchanged for paper money.
You don't seem to understand money... Also, just because something has "always" been used doesn't mean it's the best way to do things. And paper money has only existed for roughly 1000 years, so we definitely can't talk about "always used" to begin with.There are many benefits of dumping both fiat and physical money in favour of a cryptographic alternative, regardless of whether or not that alternative is Bitcoin. Physical money wastes a large amount of resources, and fiat money is inherently worthless and gives too much power to the group that issues it. So no, the only "bullshit" here is your uninformed post.
I agree that bitcoin can be a great alternative to cash, but as it is now (the technology) it has no chance to substitute cash. It is simply too slow, too expensive and you cannot pay small amounts without getting killed by fee.
Imagine I take the kids for an ice and soda one hot summer day at the beach. Not only can I not buy just 4 ice and soda, without fee at least doubling the amount, I need to buy 50 to make it worthwhile, I also have to wait for some miner to mine a block in order for the shop to confirm my payment – and that only if I really kicked the fee up, or else I might wait 2-5-20-100 blocks.
You need instant transaction / confirmation, zero or close to zero fee and physical light mass / volume. Such alternative already existed to physical cash, its called credit card or Mobil pay.
Envision I take the children for an ice and pop one sweltering summer day at the shoreline. Not exclusively would i be able to not purchase only 4 ice and pop, without charge in any event multiplying the sum, I have to purchase 50 to make it advantageous, I likewise need to sit tight for some digger to mine a piece all together for the shop to affirm my installment – and that lone on the off chance that I truly kicked the expense up, or else I may hold up 2-5-20-100 squares.Imagine I take the kids for an ice and soda one hot summer day at the beach. Not only can I not buy just 4 ice and soda, without fee at least doubling the amount, I need to buy 50 to make it worthwhile, I also have to wait for some miner to mine a block in order for the shop to confirm my payment – and that only if I really kicked the fee up, or else I might wait 2-5-20-100 blocks.
You need instant transaction / confirmation, zero or close to zero fee and physical light mass / volume. Such alternative already existed to physical cash, its called credit card or Mobil pay.
Now that is comedy
Sometimes wording must sound very weird in the crypto world. I imagine something like listen to Dutch or Platt-German. Good one 
I think, Cashless society could not happen as easy, because there are so many people who have'nt heard yet about cryptocurrency, The tendency if people are less educated in crytocurrency perhaps, there will be a great chaos, I believe also that there are community away from digital world, How can we educate them?
this is just bullshit, bitcoin is a digital currency, and paper money is the currency that is always used for the exchange of tools that is recognized throughout the world. besides bitcoin will not do any good if it can not be exchanged for paper money.
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