"Swish" mobile payment solution in Sweden is already approaching 40% usage, it is zero fee and instant confirmation, this makes bitcoin transaction pale in comparison, the only benefit left for bitcoin is anonymous (mobile payments need full name id verification)
As banks closing the loop, fiat money never goes out of the banking system, thus there will never be a liquidity problem or bank run, and no one knows how much money is there so that banks can print as much as possible. But bitcoin price will just rise and rise after each QE, and become an indicator for fiat money supply
Topic: Sweden to Become World’s First Cashless Country (Read 2212 times)
In that case, unless it's managed to leave fiat behind to a large extent, they could strangle exchange options by simply blocking transfers in and out of them.
and what ?
exchange is only the following solution after localbitcoin because of the facility of the wire system.
if wire is blocked (they can't do this now ... because of the recent VAT indicator and because all major and big exchange are complained with tresorery policy of each country where they have his social location) ... sell and buy go the public decentralized exchange or ... localbitcoin system P2P mixed solution.
after all ... i can wire an amount of money to an other privat party that it sell BTC (with notority).
in europa, we have already an alternative to localbitcoin to connect privat buyer to privat seller with escrow and automated payment detection via postal banking service (like in africa !).
well ... the cost is not the same.
but, in my environment, i use the 3 solutions now :
- postal banking exchange (can buy at high speed)
- big exchange (can sell at high speed)
- national exchange (low volume, can catch bounce black hole)
It's important to add that Sweden is becoming the world's first country without any privacy. Everything is registered, everything is sanitized, everything is controlled. The government is aware of all transactions, and all professional activities. There's no freedom. I see no difference between Sweden and IS. It's exactly the same system, where the government is the Master, and all citizens are puppets.
Still so much of the world loves Sweden and it is often held up as an example to follow. Apparently, more government is always good.
Totalitarianism is in vogue.
that's why cashless society don't work ... because it's a hitler bank society.
bitcoin avoid this at all level of the society.
Let's not forget that in a cashless society they may suddenly declare Bitcoin a quasi cash too. In that case, unless it's managed to leave fiat behind to a large extent, they could strangle exchange options by simply blocking transfers in and out of them.
It's always been legal in Europe. As for cashlessness, be careful what you wish for...
This.
No cash means more banks' control over pretty much everyone and no annonymity. Bitcoin could provide a little relief, but with no mass adoption, that won't solve the problem.
Applauding 'cashlessness' just to drive BTC price up is borderline retarded (or just ignorant at best).
Yes.
ask to greek and cyprus people why they CAN NOT use more than 600 euros per month (PER MONTH) in cash.
they can not move here money to other country.
it's an hell.
it's CAPITALS CONTROLS.
that's why cashless society don't work ... because it's a hitler bank society.
bitcoin avoid this at all level of the society.
I'm from a third world country and when I travel to "rich" countries I see the difference clearly. Cash is hardly used in shops or even for services. Sometimes the cashiers don't even know how to give proper change. But in my country and many others the trend to avoid cash is also spiking, mostly due to security measures but also and it's fairly obvious, it's much easier to tax and control for the government.
This has nothing to do with Bitcoin or cryptocurrency. It's like saying people are flocking to Bitcoin because they doing more Paypal transactions than before.
Yes I agree with this. Youngsters tend to use paypal or any other pay options over internet.This has nothing to do with Bitcoin or cryptocurrency. It's like saying people are flocking to Bitcoin because they doing more Paypal transactions than before.
Even think about banking. elders still go banks to do banking while youngs use mobile banking.
I'm from a third world country and when I travel to "rich" countries I see the difference clearly. Cash is hardly used in shops or even for services. Sometimes the cashiers don't even know how to give proper change. But in my country and many others the trend to avoid cash is also spiking, mostly due to security measures but also and it's fairly obvious, it's much easier to tax and control for the government.
This has nothing to do with Bitcoin or cryptocurrency. It's like saying people are flocking to Bitcoin because they're doing more Paypal transactions than before.
This has nothing to do with Bitcoin or cryptocurrency. It's like saying people are flocking to Bitcoin because they're doing more Paypal transactions than before.
I do not think that to be possible right now. Perhaps in 10-20 years, but not anytime soon. There are lots of elderly people who only know and use cash, and many uneducated people who you cannot just get out of the money system. Much education is needed before it happens.
Most of all, the government would have to change banking regulations to make sure everyone is 'banked'. Right now banks can reject your application or terminate your account even without giving you a reason. That would obviously have to change.
Same goes for bank accounts for underaged.
People would not trust digital money... It can also be manipulated, just like fiat, with the backing of the majority consensus. Let's say for argument sake, a whole country decides to
back a specific Bip suggestion that would favor them, and they throw all their resources behind that, then they could get some high degree of consensus. There are some variables
that are still open for manipulation, and the risk is even higher with any GovCoin or FedCoin. Any digital currency is vulnerable to attack and complete blackouts. {If the electricity
goes down on a global scale} This could be because of something that happens in nature or targeted attacks during a global WAR situation.
back a specific Bip suggestion that would favor them, and they throw all their resources behind that, then they could get some high degree of consensus. There are some variables
that are still open for manipulation, and the risk is even higher with any GovCoin or FedCoin. Any digital currency is vulnerable to attack and complete blackouts. {If the electricity
goes down on a global scale} This could be because of something that happens in nature or targeted attacks during a global WAR situation.
I do not think that to be possible right now. Perhaps in 10-20 years, but not anytime soon. There are lots of elderly people who only know and use cash, and many uneducated people who you cannot just get out of the money system. Much education is needed before it happens.
Just think how much time took for credit cards to be a widely used form of payment, and still today many people refuse to use them.
Just think how much time took for credit cards to be a widely used form of payment, and still today many people refuse to use them.
Europe is not a country.
In my opinion Europe is not a country. But if you think Asia is a country, then Europe is a country in your definition.
Money started to become digits at computer screen even before bitcoin. You remember the phrase of Cantona?
"We must go to the bank. In this case there would be a real revolution. It's not complicated; instead of going on the streets and driving kilometres by car you simply go to the bank in your country and withdraw your money, and if there are a lot of people withdrawing their money the system collapses. No weapons, no blood, or anything like that."
Banks and governments who work with banks have all the power over money.
So I am skeptical about this situation. Bitcoin is different story.
"We must go to the bank. In this case there would be a real revolution. It's not complicated; instead of going on the streets and driving kilometres by car you simply go to the bank in your country and withdraw your money, and if there are a lot of people withdrawing their money the system collapses. No weapons, no blood, or anything like that."
Banks and governments who work with banks have all the power over money.
So I am skeptical about this situation. Bitcoin is different story.
Europe is not a country.
It's important to add that Sweden is becoming the world's first country without any privacy. Everything is registered, everything is sanitized, everything is controlled. The government is aware of all transactions, and all professional activities. There's no freedom. I see no difference between Sweden and IS. It's exactly the same system, where the government is the Master, and all citizens are puppets.
Do you need to report every transaction of Bitcoin in Sweden in the future? Is it feasible for the government to track down every transaction if you do not declare.
Even if you don't report or declare, they will still know it, given that they have the means to do so. If they leave bitcoin as is, then it is great, but I don't think Sweden would do the former just to have full control (which they will have if all their citizens use the same xard for transactions).
It's important to add that Sweden is becoming the world's first country without any privacy. Everything is registered, everything is sanitized, everything is controlled. The government is aware of all transactions, and all professional activities. There's no freedom. I see no difference between Sweden and IS. It's exactly the same system, where the government is the Master, and all citizens are puppets.
This is what too much radical feminism and extreme left-wing stupidity can do to a country. Soon they will be having government provided GPS chips attached on all the individuals, to monitor their movement.
You should also remember that Sweden is having one of the highest VAT and income tax rates in the world, and a gallon of gasoline there costs as much as three times of that in the United States.
That must be great news to hear. See, people nowadays should "open" their eyes for future money..
It's important to add that Sweden is becoming the world's first country without any privacy. Everything is registered, everything is sanitized, everything is controlled. The government is aware of all transactions, and all professional activities. There's no freedom. I see no difference between Sweden and IS. It's exactly the same system, where the government is the Master, and all citizens are puppets.
Do you need to report every transaction of Bitcoin in Sweden in the future? Is it feasible for the government to track down every transaction if you do not declare.
It's important to add that Sweden is becoming the world's first country without any privacy. Everything is registered, everything is sanitized, everything is controlled. The government is aware of all transactions, and all professional activities. There's no freedom. I see no difference between Sweden and IS. It's exactly the same system, where the government is the Master, and all citizens are puppets.
They want it but are poeple prepared for it?
Tha's why I think that this will still take a lot of years to be done!
Tha's why I think that this will still take a lot of years to be done!
I think europe is the first having bitcoin to be legal.and will be first cashless country i just read the victory of europan people that bitcoin is legal now in there country..
Europe is not a country.
It's always been legal in Europe. As for cashlessness, be careful what you wish for...
This.
No cash means more banks' control over pretty much everyone and no annonymity. Bitcoin could provide a little relief, but with no mass adoption, that won't solve the problem.
Applauding 'cashlessness' just to drive BTC price up is borderline retarded (or just ignorant at best).
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