Topic: The Future of Bitcoin in a Cashless Society (Read 523 times)

Be realistic. Do you believe Bitcoin would help build a cashless society? Was it a Bitcoin goal? I don't think so. Because Bitcoin fees have become higher, and most likely, they will continue. For a long time, transaction fees have become unrealistic. We thought it would become normal after a few days, but it seems like nothing. Its true worls are moving to a cashless future, and many MFS services are helping with that. Bitcoin has become an investment opportunity. If transaction fees become lower, then Bitcoin would keep playing a role in making a cashless world.

We are heading there for sure but the road can be bumpy and there will be many distractions along they way which again am sure can make grandma a little bit dizzy so maybe I would prefer to deal with grandpa here. Now, seriously, being a payment system in a cashless society is one of the big vision for Bitcoin in a P2P setting but we know that for now there can be hiccups for this scenario to fully be effective. So am still so happy that am using BTC as a store of value because I am selfish and greedy too just like grandma...I would like to be rich and BTC can be the tool for me towards that direction.

Imagine a world where your grandma pays for cookies with BTC - wild, right? 🍪 Are we heading there or hitching a ride to a different destination?

It is outrageous to believe that the Fiat would somedays be whipped off the surface of currencies existence.
The global acceptability of Bitcoin is a potential to enforcement that everyone must deal with.
Besides, Bitcoin is just an alternative means of transactions otherwise investment means too. So the possibilities of Bitcoin to outshine the local fiats could be evitable while the world powerful Fiat currencies are not undermined.

I believe that there is already an existence of certain individuals including societies who has the possible running of cashless as a policy and they are certainly comfortable with it. So Bitcoin would only succeed this if it is a dominance and has suppressed the usefulness of the fiat and then mandatedly a compulsory that everyone must adopt and then, the possibility measures as maybe imagine cashless trending while Bitcoin transactions is emerged as the only possible means of transactions would not be twarted.

It would definitely be disasterous because not everyone who are used to the internets including the electronic mobile devices talking more of adoptions with the system of crytop currencies formulas of transactions.
I smile over this because making this a success is to call the world back to a unifyable educations whether they are interested or not leaving them to live at their own risk of handling the currency at such sceneros Bitcoin is made the only financial transactions options.

OMG... everything I think is contained in your writing. If I keep it simple, paper money will disappear replaced by digital culture or cashlesh. Bitcoin has a chance to compete with digital FIAT, but ETFs limit Bitcoin's flexibility as a decentralized asset. What I see is that it is difficult for Bitcoin to reach the top as the king of currencies, it will never happen as long as there are still many centralized agencies interfering in the international currency industry.

Even though the world needs cryptocurrencies, CBDC will be the first to become the choice of the global elite. My hope is that Bitcoin should remain decentralized forever.

We are heading towards a world where cash is mostly gone, at least in the countries that are called now "developed". Cash is not replaced by crypto but by CBDC. Each CBDC transaction is monitored closely by automated systems as part of wide government efforts to control their citizens.

Crypto's role has been reduced to financial instruments like ETF and various derivatives that are used to trade under government control on heavily KYCed centralized exchanges. Movement of real crypto outside of the centralized exchanges is discouraged and can bring the user unwanted government attention in the form of various audits from the tax authorities and other government agencies. After all only criminals use crypto outside of the government-approved exchanges, so the moment their KYCed customer tries to move his crypto into a self-hosted wallet, the automated systems know that there is something fishy going on.

In most countries privacy coins have either been directly prohibited or usage of privacy coins is made impossible in more indirect fashion by special laws by requiring KYC for every transaction of privacy coins making their use pointless unless the user is willing to break the law.

That is the direction we are headed.

Bitcoin's future is uncertain. It could either become the cornerstone of a cashless society or become a failed experiment in the long run. "Wall Street" now owns Bitcoin, so it's likely big investment companies will destroy its true value proposition in the future. I'm talking about Bitcoin becoming a centralized cryptocurrency manipulated by the "Elite" and mainstream governments. Perhaps, it will become the "One World Currency" many were talking about. If it doesn't, then CBDCs (Central Bank Digital Currencies) will be the ones that will "rule the world".

I'm certain a cashless society will happen one way or another. After all, the world is transitioning to the digital era at a very fast pace. The COVID-19 pandemic just accelerated digital payments adoption worldwide. Who uses cash (paper money) these days? I'd be surprised if 10-20 years from now, our society hasn't fully transitioned to a cashless one. Hopefully, BTC stays decentralized for as long as it lives. Just my thoughts

Hey, fellow Bitcointalkers! 🚀 Let's hop on the crypto rollercoaster and talk about the future of Bitcoin in a cashless society. 💸 Will our favorite digital gold shine even brighter, or will it face some turbulence? Strap in, no financial advice here – just enthusiasts sharing thoughts. Imagine a world where your grandma pays for cookies with BTC - wild, right? 🍪 Are we heading there or hitching a ride to a different destination? Dive into your crypto crystal ball and let's speculate on the fate of Bitcoin in this cashless adventure. What's your take on its survival skills in a world where cash is as ancient as floppy disks? Share your wild, unfiltered ideas! 🌐✨

Due to technological development we are moving towards a cashless society day by day. As currently fiat money can be carried through various banks and apps. No need to carry cash. Also, carrying a large amount of cash with you is very unsafe as it may get lost or stolen at any time. But there is no problem if you move with money in digital system. Perhaps in the future we will see Bitcoin give birth to a universally accepted digital currency cashless society.

First of all, I don't think the world is moving toward a cashless society. Some countries certainly are, but many are very far from it, and some are actively resisting it. So it's not just a matter of technological advancement. Countries like Italy are advanced enough, but just don't want to get rid of cash, and there is a similar situation with Germany.
But let's imagine all the obstacles are gone, and we are moving toward a cashless society. The way I see it, there are two different ways of getting there. One is cashless, but dominated by centralized structures like banks and corporations. In that case, Bitcoin doesn't play a major role. Another is cashless and decentralized, in which case Bitcoin can play a major role. It all depends on how much humanity will value privacy over national safety, security.

Hey, fellow Bitcointalkers! 🚀 Let's hop on the crypto rollercoaster and talk about the future of Bitcoin in a cashless society. 💸 Will our favorite digital gold shine even brighter, or will it face some turbulence? Strap in, no financial advice here – just enthusiasts sharing thoughts. Imagine a world where your grandma pays for cookies with BTC - wild, right? 🍪 Are we heading there or hitching a ride to a different destination? Dive into your crypto crystal ball and let's speculate on the fate of Bitcoin in this cashless adventure. What's your take on its survival skills in a world where cash is as ancient as floppy disks? Share your wild, unfiltered ideas! 🌐✨

Hey, fellow Bitcointalkers! 🚀 Let's hop on the crypto rollercoaster and talk about the future of Bitcoin in a cashless society. 💸 Will our favorite digital gold shine even brighter, or will it face some turbulence? Strap in, no financial advice here – just enthusiasts sharing thoughts. Imagine a world where your grandma pays for cookies with BTC - wild, right? 🍪 Are we heading there or hitching a ride to a different destination? Dive into your crypto crystal ball and let's speculate on the fate of Bitcoin in this cashless adventure. What's your take on its survival skills in a world where cash is as ancient as floppy disks? Share your wild, unfiltered ideas! 🌐✨