Topic: Stop talking about cashless society! Let us preserve mother nature! (Read 692 times)

Many experts see this problem.And if you are observant then at the moment there are many ICO projects that are ready to solve this problem.And this problem can be solved only in one way-the production of crypto currency with the help of renewable energy sources.Believe me, it will be so.And in the Wake of production, all countries will switch to the use of such energy sources in everyday life

It's getting harder and harder to save mother nature each year as innovation has its consequences. Instead of halting it altogether, maybe the better way is to find ways of mitigating or acquiring environmentally safe sources of electricity. Like solar, hydro or geothermal. Governments should focus on these before anything else. Or they may be part of the problem because of politics.

While I do not see in the next few hundred years the possibility of the transition of mankind to a non-cash form of settlements. This is not yet possible for various reasons and the need for additional energy for this special role does not play. This requires the technical willingness of the society to switch to non-cash money, and this will not be very long. In any case, this will definitely not happen in our lifetime.

I'm more against cashless society (as in from the government, not cryptos) because I feel it's a means to abuse power. Sure the government can use it to freeze 100% of a criminal's money, and what would a drug dealer do? (I guess put it into cryptos) But too many good people would rather not have banks or the government in their business.

Of course I feel preserving the environment is more important than a cashless society.

yeah right. Being Cashless or using a crypto is eco friendly because we dont need to to cut trees or to mine a gold in order to create a fiat/regular money .

we can preserve our mother nature just by using a crypto alone but the problem is that we cant always use a crypto due to the fact that cryptos are fully dependent on some important factors like electricity and internet .

Thats why , we still need a fiat/regular money in order to keep us going .

Digital currencies that compose the mainstream economy may actually be more beneficial to the environment, than previous types of currency.

Gold and silver were essentially one of the longest lasting forms of money. However, we all know that to mine them, huge resources are invested, whole landmasses are being exploited, all to produce this form of asset. Same with paper, you need actual physical resources in order to print the paper money, and also electricity to carry out the printing process.

By having a cashless society, especially on a decentralised blockchain, we could use completely renewable forms of energy while posing no physical harm to the environment whatsoever. It could even boost demand for renewable energy in some cases. Besides, the benefits brought by having a decentralised cryptocurrency as a global currency would far outweigh any increases in energy use, even if that was the case.

Cashless society cannot destroy our mother nature by any means. The electricity for running the cryptocurrency mining farms can be generated using methods that are environment friendly like solar energy.

Yes, the way it is, it is more like the cashless society is actually the one trying to bring about the preservation of mother nature as the OP so called it, even though I find it a bit hard to understand his points with the likes of flood and seismic activities.

Printing cash alone requires a whole lot which sure also have an impact on the nature itself, since everything used is from nature anyway. In that case, I want to believe like you said, that having a cashless society where only electricity is required which I believe solar, wind, and some other means can be used to generate them, does not sound like a problem to me.

Moving toward a cashless society may seem not necessary as of now but when we enter into fully digitized lief style, it may become as a mandatory thing. I do see already many countries are preparing for cashless society but the success of it will be decided after some time. Moving into cashless society is a change in human's financial world, no one could stop that. Because in this world everything will change only "changing to advancement" will never change.

Don't you thing that creating or making the virtual currency such as Dollar, Rupiah, etc, is not consuming the electricity or even the main material of those currency is also from our nature. The matter is not how people consuming or using the electricity but how people can respect to the nature. If using or consuming the electricity for our life, it is no matter. In fact, now days many people explore and mine our nature, and they only take advantages.

 

Printing paper money requires a lot of resources, both energy and materials. Same with coins, so regardless of what money we use - electronic payment systems, crypto, cash, we will still have to use resources. But the truth is, they are only a tiny fraction of our resource consumption, and many everyday activities have disproportionately higher negative impact on the environment than using money. It's really counterproductive to attack minor environmental threats when there are thousands of other threats that are way bigger, you only distract the public.

yes, traditional markets must also continue to exist for the middle to lower income economies. and that all must happen with cash. let bitcoin only become an online transaction tool, and cash for offline transactions.

People are busy focusing on modernizing the world, thinking that someday they can help change the future. Yes they can change the future, but the result of risk are high. They are busy focusing on technology that they forgot our nature is slowly dying. Climate change are starting to kick in, polar bears are facing extinction, trees and plants are slowly loosing their population rate, green houses gases are spreading easily in our atmosphere. If we are not able to resolve it fast, then, maybe we have only a 150 years to live.

Preserving nature isn't an easy task. A lot of resources are wasted every day and crypto plays a big role in it. Mining consumes a lot of energy and not every mining farm uses renewable resources. If any country wants to preserve energy and wants to save their country at the very least, for the long run, they need to invest in renewable resources. While some countries have spent a few billion on this, the process on this is very slow. Governments are more concerned on other things at the moment, and preserving nature is no country's top priority. hard facts.  

If people like Bill Gates,Jeff Bezos and other filthy rich people could help in using more of renewable resources, it can help a lot. Also, people should stop chopping down trees. Sometimes I feel that modernization is a fucking curse on our own future.  

Yes your are right that we need to protect our mother nature by not consuming to much electricity but as we seeing the big picture we are coming for that way because the new technology like cryptocurrency was coming and after 40 to 50 years i think this is what happening. Not only for crypto but also those coming new technology that need electricity. Consuming electricity now is part now part of our daily lives.

As I first read the title of your thread, I'm clueless on how you co-relate our nature with crypto. But As I read to your post, I slowly understand what you are pointing about. Props to you sir.

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Going back to the topic, sir St4yInTh3D4rk was right. There's nothing wrong of consuming too much energy because the real things which harm our environment are our means of extracting it and the byproducts after using it.

Yeah! There are solar, hydro and wind power generation present but still not widely implemented up to the extent that it finally replace crude oils. This is very hard to achieve because of the high demands of our world and due to the oil oligarchy itself because they want to exterminate the competition so that they can monopolize the market, a simple logic. Another problem, carbon dioxide emissions are inevitable especially to this era where everything was run by a machine. If we can be able to minimize this stuff, I'm sure that our world will now have some more time to heal itself and everything went into balance.

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Crypto revolution damages our nature? I don't think so, just being ambitious only . And I don't see any wrong with that because that's the nature of human — curious and never contented — we always seeking for further improvement and excellence.

What's been mentioned in the Op is true, preserving of the nature is a must. When we cannot do this surely the impact will be big on the global scale. When we makes plans for implementation, nature needs to be prioritized. If that is possible, we can easily benefit without disturbing the nature. The major cause right now is the need for a growth plan that will never Have any negative impact on nature.

Crypto is really the only version of a cashless society that has such high energy demands. There are far more efficient and robust cashless systems already in place that beat the pants off crypto for a slim fraction of the power consumption. Digital fiat, ACH transfer, and other forms electronic payments through the traditional banking system work better than crypto currently does and doesn't require this constant churn of processors sucking up power to rather pointlessly solve algorithms. The world is moving towards a cashless society, but it's quite unlikely to involve cryptocurrencies in any significant way due to the simpler and less consumptive system already in place.

It was difficult for me to actually figure out what you where talking about but if you talk about the next generation and how the use of the natural resources at the present may purse a threat to that generation you should also take into account that most resources being use by this generation for the quest of having a cashless society are all renewable resources and at that the next generation will still have something to build on.

Hydroelectric power resources I think this natural resources will not harm our mother nature, and also there is a solar electric resource which is very safe to use even in your own house that is totally safe. Through these kinds of resources, we would able to run the digital money and having a cashless society which I until now it will never exist.
Yes, calamities will the best struggle in cashless society, without these resources it will never run the cashless society.

I have not seen anywhere anyone have advocated for a total cashless economy because that in itself, is an unattainable objective but what is being advocated is that large portion of transactions should be done cashless. Aside of the obvious reasons which include convenience as I can stay in my room and order goods in China, pay for it then get it deliver to my door step and security as I don't have to carry huge bag of dollars to carry out a transaction as a transfer from my account would get it solved.

On the issue of nature, having a cash denominated economy would get rid of the green environment as we then need to fell more trees in other to house the notes, the vehicle that would transport the cash from one location to another would discharge exhaust in the atmosphere, the factory that the notes would be printed needs to be powered, the generator would be fuelled, and all these costs will need to reoccur this notes are to be replaced. Put all these together, cashless is better off.

This is a big problem that will be very difficult to solve, because industrialized countries will not stop polluting the environment and will not stop destroying nature, I will give a great example of the Chinese. A few years ago in my country there were many forests, there were many dogs, there were many types of fish. The Chinese have arrived in my country and since their arrival everything in my country has changed, the forests are dying today, today it has become very difficult to find some dog, today it has become very difficult to find fish in our sea and this is because the Chinese are the destroy the forests of my country, the Chinese eat the dogs of my country and the Chinese do illegal fishing in my country. This is to say that developed countries are depleting the natural resources of other poor countries

so it is necessary to preserve our nature. You need to save resources, everything is right. But we ocos must grow our abilities, intellect, etc. Therefore, every year there are super computers, artificial intelligence, etc. Electronic money is another step in our humanity, and despite natural disasters, I believe that they will stay in us.

Honestly speaking, i don't see much point in becoming cashless. What happens if we go cashless and there is a shortage in power supply? Would we be able to still buy bread?

Yep, this would the most important thing that we need to do. Without nature we may be in a lot of trouble. How can we enjoy those things we we're all going to die sooner?

Who is saying that cashless societies will mean that natural resources will be depleted?

As long as the energy source is clean, there is no reason why a cashless society can't be environmentally friends, sustainable, while still offering the benefits of cashlessness when it comes to convenience, zero-counterfeits, and digital nature of it all. In fact, printing cash could be potentially more harmful to the environment, or even the mining of precious metals.

The only concern that people should have with a cashless society is if the society relies on third party payment processors that are centralized and controlled by the government. In that case, payments can be monitored easily, and the government has even further control on currency itself.

You think you have been preserving mother nature with cash all these while. Stop deceiving yourself mate.

Moreover, I do not see how this would really mean much for the mother nature preservation when the energy and what you are trying to preserve are meant to be used for something tangible anyway and they are simply more like the way of seeing more advancement in technology and how things can be done faster and better.

Cashless society has nothing to do with the pandemic situations you mentioned such as earthquake, floods, storms, which makes me wonder the point you were really trying to drive at in the first place.

I found it quite appalling that people only see the bad on the initiative towards a cashless society rather than the good. Also, blame the 19th century industrial revolution for all this mess and waste that the earth has accumulated for over 200 years. Compared to the burning of fossil fuels, cryptocurrencies are only around for ~10 years, with the first few years of its existence generating little to no carbon emissions.

I'm pretty sure that there will come a time when PoW will become obsolete once a new algorithm is found to be fair and secures the integrity of the network after all the 'switch,' but until that isn't solved, we'll be sticking with PoW for now. With all the recent yapping about energy consumption from the community and the peers, I'm sure this will ring the minds of brilliant devs who can come up with a solution.

How does one create physical mediums of exchange such as bank notes and coins with using natural resources?

For all its downsides going paperless and digital has likely decreased the amount of paper and ink wasted for not only creating physical cash but also invoices, documents, etc. We already live in a digital age. Unless you want to go back to pre-internet days we might as well leverage existing technologies for more productive tasks than posting on online forums.

If we are going cashless then we are already preserving the nature as we dont have to spend more energy on the printing press of the fiat currency and thus there is no way we are calling the nature in bad path.

Lets assume, printing press would take huge energy to do so, plus lots of paper, colours, and much more, This can take up huge trees down and also may need more electricity than the normal industries. So isn't that we are already onto something ?

I don't think there will be an absolutely cashless society in the near future because they still have a legitimate use case, like what you illustrated. People have been inching closer and closer though, like Sweden and China. These shifts are more because of convenience rather than ideology. Note that Sweden is concerned that they may be going cashless faster than they're ready for, suggesting that cash will be living on even in the country closest to being cashless for a while longer.

I don't think cash is significantly more nature friendly than cashless considering the resources it takes to create, transport, and store it. If that's your biggest concern about going cashless, you may want to do more research on the issue.

hey bro, do you forget that the paper used to make cash money is made from wood, whether the cutting of trees isn't included the destruction of natural resources too, I think electricity is easier to obtain without destructing natural resources, solar cells and wind for example

Speaking of the resources and energy, the digital infrastructure is already here. I wouldn't say that the shift to a fully cashless society would mean a rapid increase in energy/resources consumption. What I am worried about is a personal freedom. The right to hold cash means by the way possibility to evade or at least mitigate consequences of monetary and fiscal policy. This right is important to be protected and preserved.

they will use renewable resources to power up their digital equipments. Where did you hear this idea of cashless society? We're still very far away from going completely cashless but it's consumers and businesses who get to decide whether they go cashless or not.

I can agree with your point. Although technology is needed and it is really useful in today's world, we still need cash. I really quite like to use cash to pay for some items and I do not like to put too much money at the bank. It made me very nervous about the money I sent.

If everything is generated with the renewable sources like wind, solar, water then there is no question about the hampering of Mother Nature. Sometimes, these are the things which needs to be discussed because when we will be powering the internet with such electrical sources then what is wrong with using of digital money at all? Dont you think that the digital money will itself be a harmless currency because it is running on the renewable energy sources! Thats the fun thing about it. The cash will always need more from the mother nature, starting from the cutting of woods for the paper prints to the fire pollution for destroying the old notes with wear tear state.

I'm sorry but you don't seem so informed in your post. Aren't you aware that there are naturally renewable sources of energy? We do not need to use up our natural resources to provide power to run a cashless society. Aren't your choice paper money and coin more dependent on natural resources? The sun, amidst other unending energy sources, for example is available to keep powering whatever project we have in mind. We know countries like Germany produce so much energy that there was even an excess in supply. So, I do not really think that your arguments are plausible. Depleting natural resources isn't one of the fears in moving to a cashless society.

Firstly the two things do not necessarily go hand in hand. It is perfectly possible to have a technology that enables a cashless society that doesn't use a large amount of energy. Secondly using a large amount of energy is not an issue if this energy can be renewable - I bet you within 50 years we will have a sustainable way to consume electricity at our current levels or even higher levels. You may be right in saying we may never be able to function without cash but there are ways around this, the blockchain can function offline it's just the tech is readily available just yet, if it becomes more commonplace then this will be facilitated far more easily. It will operate much better than cash in natural disasters, no one is going to accept your wet ruined paper bills if there's a flood but your provable digital funds will look much more appealing.

You sound like an angry teenage kid.Who is talking about cashless society?I don't see it coming in the next 30 to 50 years.Some newbies keep asking questions about the cashless society here and there,but that doesn't mean anything.It's just a discussion about the future.I don't get your point.So you say that physical money,like banknotes can't be destroyed by earthquakes,floods,storms and it's better to save them in our closets. Really?
The human civilization is poluting the nature in a thousand different ways,why do you bother only about digital payment systems?

Technological advances especially in the financial sector, cannot be avoided, because humans are required to be able to solve current problems, especially bribery in the government bureaucracy. And this situation is inversely proportional to the reality of natural resources that are directly related to energy sources, especially electricity that supports cashless system infrastructure. Solutions should be sought to overcome these problems, for example making power plant from renewable natural resources such as solar or hydro energy.

You have your point here but we can't stop them from using too much electricity not unless everyone will use solar power to generate electricity which is not going to happen easily. Cashless society is really not possible because of many circumstances and who will wants to put their money online while you are on the place when there is no internet, so technically cash will stay with us.

i am sooo at lost at this topic, what has nature got to do with nature, but i like your point about calamities and exchanges, this surely shows us that cashless society will not gonna happen, not unless they developed a physical medium to replace paper money that i think illogical. the point is, cryptocurrencies are digital, without electricity during calamities, all those crypto assets will be deemed worthless. 

Using large amount of electricity is not a problem but how they are making that electricity matters,if they are using electricity from renewable sources like solar,wind and hydro power plants then they can talk about the environment issues but electricity is the reason for transferring from physical money system into cashless system?

This is the problem with industrialized countries they are the one who are mandating that we need to preserve and conserve natural resources for the benefit of the next generations to come. However, they are not worrying when they use too much electricity or power with the ambitious move to make a cashless society. How will they do it without using the natural resources to power up their digital equipment? And then there is no absolute cashless society because anywhere you go you will going to need physical money for a medium of exchange especially in times if there are natural calamities like earthquake, floods, storm and etc. where power could be affected by these events. So they are just really ambitious and damaging our mother nature sir/maam.