Topic: Does this mean Cash will be extinct? - page 70. (Read 14862 times)
Cash will probably remain for the next two decades at least, but by then, things might have changed a lot to a point where we can't visualize right now.
To change the habit from cash to digital money would not be an easy task. There is always a challenge to teach about BTC or Fiat digital currency to illiterate persons or blind or poor who don't know how to use smartphone and internet. Being totally cashless is not possible in near future.
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 that would be happen in the future if people learn and choose no to cash.Because bitcoin is more easy to use in any transacting payable bills be made by electronics.And having one currency is good for every people in each country to have quick result of all we can do through bitcoin only.We dont need to go to money changer but only to use bitcoin.This is for the high technology to all over the world.That everybody will live in a cashless society.
I don't think so. First of all this article is a pure speculation. Who knows if Sweden will still exist as a country in 2013. With the rate they are being taken over by migrants I really doubt it.
The Nordic nations tend to be first at implementing such schemes so I think it would take 5-10 years for the rest to follow. Troubling news, though we kinda expected this to happen anyway. Once we started dealing with our money using cards, it's really just a short step to outright removing physical fiat.
I honestly hope we won't follow Nordic nations in their politics. The times of Vikings have passed. Nowadays they are full of leftists who don't even know how to approach the problems they're facing in the form of migration, terrorism and crime.
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
The Nordic nations tend to be first at implementing such schemes so I think it would take 5-10 years for the rest to follow. Troubling news, though we kinda expected this to happen anyway. Once we started dealing with our money using cards, it's really just a short step to outright removing physical fiat.
I honestly hope we won't follow Nordic nations in their politics. The times of Vikings have passed. Nowadays they are full of leftists who don't even know how to approach the problems they're facing in the form of migration, terrorism and crime.
Though I don't really have any ideological preference, yes, the Nordics have went full left mode already. I remember reading an article where Sweden sort of INVENTED a gender neutral pronoun and encourages people use that and ditch their his and hers.
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
The Nordic nations tend to be first at implementing such schemes so I think it would take 5-10 years for the rest to follow. Troubling news, though we kinda expected this to happen anyway. Once we started dealing with our money using cards, it's really just a short step to outright removing physical fiat.
But probably many countries won't make it the same. Because not 100% percent are accepting this kind of technology and I'm pretty sure that the government will bring themselves into more complicated situation. Maybe the can considered of having both currencies and it only depends to the community which one the are comfortable to used.
Not sure about that, of course the government would prefer their own cryptocurrency. Governments are still OK with bitcoin right now since they see that it increases overall value for the state (sending remittances, people holding and then selling bitcoins, etc). If they'll have their way though, they prefer every transaction done only using their fiat.
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 cash or fiat money will never be extinct or its impossible to happen. It is because not all people in the world knows digital currency and they dont have any idea what is it and how it works. So that, cash will still be available for those people who dont know digital currency in order for them to sustain their daily needs. 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
Slowly but surely cash will be extinct, this is because all users increasingly feel that the cash problem is too complicated to make cryptocurrency the best solution.
Yes the value of the bitcoin is now more than the cash and the other currencies so hold he btiocin and have fun with it, the value of the crypto currency is more than this, it is good to invest the money in the bitcoin and have the bright future, he price of the bitcoins is increasing more and more so I love the bitcoin and value of the bitcoins is increasing buying more will give you more than this. 
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 that time, they will stop providing services as well as payment methods by cash. It is a big step and risky, people are not familiar with the payment by card or telephone while the payment by cash will be much easier. But this is a good opportunity for digital money to show up and grow. So, I always support Bitcoin preference policies 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
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
yes I think that is a good move because in the future all digital, if cash money or paper money is still circulating, the trees and forest populations will decrease because the paper is made of wood. if still using paper it will make the earth barren and drought.
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 cash is impossible to be extinct because not all people know digital currency so they will not be able to cope up with that. Maybe some people in some countries like Sweden can do that but not all. But lets be open for all the possibilities. Also, no one knows what will happen in the future so lets wait and see.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
Bitcoin wasn’t made to replace cash, and mind you, no community can live without cash; people will always need physical form of money they could rely on, whether it’s dollars, stones, gold, silver or whatever. So saying cash will be extinct is absolute foolishness. They’ve been around in the beginning and will always remain.
Total removal of fiat from the society will do more harm than good.
No matter the level of technological development, not everyone will be able to embrace cashless transactions. And also, most services need to be paid in cash.
No matter the level of technological development, not everyone will be able to embrace cashless transactions. And also, most services need to be paid in cash.
I agree with you, it will cause harm if cash is remove. Cash will never extinct even though electronic currency are spreading and many people are using it. Eliminating cash will do harm on other because there still services that needed to paid by cash. And just in case if people lost their private key or anything that have access to their wallets, they money will be useless.
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
I guess we can not say money will extincted in near future. But it may be use less while mobile apps or online payment systems including bitcoin and altcoins increase. For now I don't use so much cash too. In the future this situation may rise.
Nevertheless, we cannot really know yet until some start it and they are used as case studies but for now all fingers are crossed.
For a developed country it would be easier to shift to a cashless society because given that they already have an advances technology and almost if not all people are already involved in the digital scene. For those people living in the developing countries then it would take a long time because they have much more problems than focusing on shifting to digital transactions. Many people don't even have a mobile phone so it would be hard to transact digitally.
I think it's too ambitious, this is not going to happen in coming 50 60years. Bitcoin is limited in market.
And replacing paper money can't be that easy.
Possibilities are that in the world of digital media, May we depends more on credit cards but replacement of cash is hard to find.
Cash money is the basic root of any country's economy, so eradication of cash us still sounds impossible.
But you never know what future has in its store for us.
And replacing paper money can't be that easy.
Possibilities are that in the world of digital media, May we depends more on credit cards but replacement of cash is hard to find.
Cash money is the basic root of any country's economy, so eradication of cash us still sounds impossible.
But you never know what future has in its store for us.
That is true, I don't even see Bitcoin replacing tfiat currencies but the two can co exist and complement each other for a better financial future and so I can't phantom why cash will be extinct. The worst will be a cashless society with fiat on a card and not a physical paper or coin.
Although this will effect economy negatively but the truth is we are moving toward the cashless society.
For the developed countries it is somehow possible to implement this money shift from fiat to digital in about less than 10 years but for the underdeveloped countries it isn't possible even for the next 20 years. Because still there are many countries which are suffering from major issues like poverty, water shortage and other basic needs, so they will need to solve their major issues first.
For the developed countries it is somehow possible to implement this money shift from fiat to digital in about less than 10 years but for the underdeveloped countries it isn't possible even for the next 20 years. Because still there are many countries which are suffering from major issues like poverty, water shortage and other basic needs, so they will need to solve their major issues first.
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's no use, let's just agree for a moment that Sweden does implement a cashless system, and here are the consequences: Sweden will require a lot of miners for mining purposes, the transaction fee will exist, taxes will paid for that, it will take days sometimes for verifying transactions. Unfortunately crypto is inferior to fiat in these aspects which is why it's not been implemented yet. 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
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's no use, let's just agree for a moment that Sweden does implement a cashless system, and here are the consequences: Sweden will require a lot of miners for mining purposes, the transaction fee will exist, taxes will paid for that, it will take days sometimes for verifying transactions. Unfortunately crypto is inferior to fiat in these aspects which is why it's not been implemented yet. 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's too ambitious, this is not going to happen in coming 50 60years. Bitcoin is limited in market.
And replacing paper money can't be that easy.
Possibilities are that in the world of digital media, May we depends more on credit cards but replacement of cash is hard to find.
Cash money is the basic root of any country's economy, so eradication of cash us still sounds impossible.
But you never know what future has in its store for us.
And replacing paper money can't be that easy.
Possibilities are that in the world of digital media, May we depends more on credit cards but replacement of cash is hard to find.
Cash money is the basic root of any country's economy, so eradication of cash us still sounds impossible.
But you never know what future has in its store for us.
That is true, I don't even see Bitcoin replacing tfiat currencies but the two can co exist and complement each other for a better financial future and so I can't phantom why cash will be extinct. The worst will be a cashless society with fiat on a card and not a physical paper or coin.
I think it's too ambitious, this is not going to happen in coming 50 60years. Bitcoin is limited in market.
And replacing paper money can't be that easy.
Possibilities are that in the world of digital media, May we depends more on credit cards but replacement of cash is hard to find.
Cash money is the basic root of any country's economy, so eradication of cash us still sounds impossible.
But you never know what future has in its store for us.
And replacing paper money can't be that easy.
Possibilities are that in the world of digital media, May we depends more on credit cards but replacement of cash is hard to find.
Cash money is the basic root of any country's economy, so eradication of cash us still sounds impossible.
But you never know what future has in its store for us.
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
This is too ambitious. It's not likely for this to happen soon. The world's governments have invested so much in the production of paper money and I doubt they would allow any digital currency such as bitcoin to pave the way for its extinction. 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
If there are many countries follow to suit, it could be happen. Cash can be changed by credit cars or other that physical payment may be nothing. However, it is not in that easy. It needs a lot of effort to reach it. As we know, there are so many countries that still use manual work rather than digital such credit cards.
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