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Topic: Why we should fear a cashless world - page 11. (Read 9767 times)

hero member
Activity: 3024
Merit: 745
Top Crypto Casino
January 09, 2018, 07:27:17 PM
Cashless world in the future will be manipulated by governments in countries around the world, and now the cryptocurrency is born to solve those difficult problems,
If we will use cryptocurrencies and almost all the people in the world are using it there might be some manipulation. Actually, it is everywhere even in the normal markets, art market, jewelry, name those markets as there will always rich group of people that are manipulating to get attraction and favor for where they are. Cashless society is the future and it's coming.
full member
Activity: 294
Merit: 100
Life is a game, you either play it or get played.
January 09, 2018, 07:19:05 PM
Cash in life won't be killed by cryptocurrency, only extended by it. From regulation wanting this world without paper, devastating events would happen and influence cycles reversed. Bitcoin and other properties certainly have changed the intent or views made by public officials, however plans to fix instead of hurt are also in positive effect for the first time since long history.

Don't ever believe that physical currency will be removed, it's likely going to establish grounds again adding to exclusiveness in taste. These scares are always in the media, so plan for every variable if wanting to feel safe.
hero member
Activity: 1008
Merit: 501
January 09, 2018, 07:10:44 PM
a cashless world can only work with a decentaralized system, not a centralized autorithy like bank and governmetns, so bitcoin is the correct answer for this

therefore only if somethign like bitcoin will be very big, you can get rid of cash completely
Well for me the most fearfull thing about cashless society are the "HACKERS"
Why ? Simple because, when you say cashless it means that all the transaction are done online.
Therefore many hackers are possible to attact, the money of the people.
Its will be easy for them to, steal money from investors or even ordinary person.
And it I think the big challenge when the cashless society comes.
thats true, you know that there are many people on the internet who have the greatness to hack despite having good security. but I do not think the government will adopt a system without a mature calculation. of course the government will see whether the security in cashless is good enough or not. if not necessarily the government will develop a decent security benefit their community. I myself believe in the government they will definitely do the best for their community
full member
Activity: 336
Merit: 103
January 09, 2018, 07:08:12 PM
You need to diversify between a decentralized and a government issued cashless system. The government issued cashless system is of course a nightmare for human rights, because the system can simply exclude dissidents. A decentralized cashless system is basically not a problem, but I vouch for partial cash and partial crypto currency use.
member
Activity: 364
Merit: 10
January 09, 2018, 07:01:38 PM
Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance

http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless

Discussion
  I think cashless world is not bad...what if we just use trade.Trading people by people just like 1000cent or decade... there are no money on that time they just trade there items to get another items.And if there no cash or money in this world.No more curruption in the government and and more bad things that money can do... i think its good world with out money just hardworking and creative.
full member
Activity: 384
Merit: 106
January 09, 2018, 07:00:38 PM
Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance

http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless

Discussion
Indeed. Most power will go into those upper and middle class people who can easily adapt to the cashless society wherein most of them already rely on virtual money rather than using fiat or real money. Also, there will be difficulties to access your money even though it was just a couple of clicks away because we are going to be dependent with internet before we can access our money in our virtual wallets or accounts where we store our money.
full member
Activity: 252
Merit: 105
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January 09, 2018, 06:53:09 PM
Cashless world in the future will be manipulated by governments in countries around the world, and now the cryptocurrency is born to solve those difficult problems. The monetary market will gradually become unreliable, and it is predicted that for the next 20 years the electronic currency market will rise to the throne, as people's habit is to pay online over the Internet, and the paper money will no longer exists.
sr. member
Activity: 728
Merit: 250
January 09, 2018, 06:40:48 PM
Cashless society is not bad if that will happen in the future, and this things is unstoppable because technology evolving and become better, so cashless so society in the future is the product of evolving good technology.
A cashless society is not going to arrive just because of technological advancement, the war on cash has to do with the economy, in many countries there are negative interest rates, basically the banks charge you money to have your money there and with cash you can avoid that and they do not like that.
newbie
Activity: 76
Merit: 0
January 07, 2018, 06:38:09 AM
I think the people will suffer in that could happen, mostly in the 3rd world country where people have no access to computer and technology, it is just good for countries that are well developed.
full member
Activity: 168
Merit: 120
January 07, 2018, 06:35:58 AM
a cashless world can only work with a decentaralized system, not a centralized autorithy like bank and governmetns, so bitcoin is the correct answer for this

therefore only if somethign like bitcoin will be very big, you can get rid of cash completely
Well for me the most fearfull thing about cashless society are the "HACKERS"
Why ? Simple because, when you say cashless it means that all the transaction are done online.
Therefore many hackers are possible to attact, the money of the people.
Its will be easy for them to, steal money from investors or even ordinary person.
And it I think the big challenge when the cashless society comes.
sr. member
Activity: 987
Merit: 289
Blue0x.com
January 07, 2018, 06:29:26 AM
most of the world does not have a computer ,or internet access, or a desire to use a compuiter, or a desire to not use paper money. There are even people who could use a computer but dont because they dont want to be exposed to an electromagnetic field. It's also a big privacy violation because as we know bitcoin isn't anonymous at all. Getting rid of things in society in favor of things that are dependent on computers and the internet is a very dangerous trend that I'm disappointed of how far it's gotten already. Like I went to the drive through and they couldnt serve me because the computer was down. I had cash ready, and they had food ready, but we all had to starve because the computer was down.

      I believe i get where you are going at. Everything you have mentioned are true and really makes it a big problem if ever this dream of other people to have a cashless society really does happen. I can already picture lots of people poor peole being outcasts and making oppositions towards the government. Others killing others for survival, etc.. in short, the world will be in chaos. And add up the possibility of hackers getting access to the main servers amd disrupt the current systems...
The cashless dream really isn't something we should push to happen. Crypto and cash needs to exist together in harmony.
newbie
Activity: 36
Merit: 0
January 07, 2018, 05:51:52 AM
most of the world does not have a computer ,or internet access, or a desire to use a compuiter, or a desire to not use paper money. There are even people who could use a computer but dont because they dont want to be exposed to an electromagnetic field. It's also a big privacy violation because as we know bitcoin isn't anonymous at all. Getting rid of things in society in favor of things that are dependent on computers and the internet is a very dangerous trend that I'm disappointed of how far it's gotten already. Like I went to the drive through and they couldnt serve me because the computer was down. I had cash ready, and they had food ready, but we all had to starve because the computer was down.
yes some people still use cash for transactions because there are still many who are on the edge of the world who do not want to be involved with the electronics world, I think that's their personal right.
full member
Activity: 266
Merit: 222
Deb Rah Von Doom
January 07, 2018, 04:03:49 AM
most of the world does not have a computer ,or internet access, or a desire to use a compuiter, or a desire to not use paper money. There are even people who could use a computer but dont because they dont want to be exposed to an electromagnetic field. It's also a big privacy violation because as we know bitcoin isn't anonymous at all. Getting rid of things in society in favor of things that are dependent on computers and the internet is a very dangerous trend that I'm disappointed of how far it's gotten already. Like I went to the drive through and they couldnt serve me because the computer was down. I had cash ready, and they had food ready, but we all had to starve because the computer was down.
sr. member
Activity: 364
Merit: 267
January 07, 2018, 04:00:43 AM
I'm sort of new to this, but Bitcoin is an alternative currency. I don't understand how some think that it can completely replace paper money. Especially when it's so technical and a good portion of humanity will not understand how to use it.
Well I think this is just how they see the future of cryptocurrencies but not all users sees it that way and besides cashless society doesn't mean that bitcoin will replace paper money, instead of using it we will use cards or other than paper money. I think it is not yet possible to do that because not everyone in the world can afford it, some people or countries still don't have enough technology for that kind of transactions.
member
Activity: 158
Merit: 10
January 07, 2018, 12:12:35 AM
May because we will soon not be able to buy goods and services. Also, it will pull our economy going down. But then come to think of it. Having a Cashless world will lead all person to have camaredie. What they'll going to do is to connect with each other, share what they have in order for us all to make Good that we have in the present. Just pure unity and we'll surely survive.
sr. member
Activity: 546
Merit: 257
January 06, 2018, 11:47:12 PM
Having a cashless world will have a low economy because there is no certain money circulates in the world and the world can be back to past were people exchanging animals for goods and its hard for other people to have that because of the poor living.

We should fear a cashless world specially those developing countries cause half sections of that society in rural areas is illiterate and poor. For this reason the lack of education is very disadvantageous as far as the cashless economy is concerned. Although it is easy to do online transactions but for those people who don't have the knowledge, they will be the victim of online scam, hacking of bank accounts and cyber fraud.

I think we need to ensure that people are educated properly on how to deal with debit and credit cards and also about the cashless payment system. It is inevitable and the best thing to do is to make people aware and get them prepared for any events such as hacking, fraud, etc. It is not easy to do it, but definitely worth the efforts.
Internet connection or everyone system should be stable before making ir happen, and i think it's not yet applicable in our country since internet were too slow.

When you say cashless, it is not only digital currencies that will be used, because before a digital currency is used as a currency cards will be implemented first. A lot of people mostly used it and there is no need for that fast internet connection since even if there are slow internet in our country, which is a third world country, there is no problem.
jr. member
Activity: 67
Merit: 1
January 06, 2018, 11:43:15 PM
I'm sort of new to this, but Bitcoin is an alternative currency. I don't understand how some think that it can completely replace paper money. Especially when it's so technical and a good portion of humanity will not understand how to use it.
member
Activity: 154
Merit: 10
January 06, 2018, 11:40:53 PM
In my opinion, humans are not afraid of money or being poor.
  money is also important for the life of the world economy. but the most important and feared by humans, the poor, and small entrepreneurs.
Money is misused for politics. thus entering an unstoppable world of corruption.
because today many people go into politics and no matter what the outcome. Grin
jr. member
Activity: 196
Merit: 1
January 06, 2018, 11:21:55 PM
Cashless world is similar to economic shutdown. Nobody wants happen to our world become cashless, and everybody afraid of that. If our world become cashless the source of our economy will back into agricultural in terms of barter. But cashless not difinitely nothing but it is only a minority source of cash. We knew that cash money are depend on what economic income based.

In our country i think 30% will be affected because they are still suffering in poverty. Hence, they need to be educate about the digital money.
newbie
Activity: 168
Merit: 0
January 06, 2018, 11:02:51 PM
Cashless world is similar to economic shutdown. Nobody wants happen to our world become cashless, and everybody afraid of that. If our world become cashless the source of our economy will back into agricultural in terms of barter. But cashless not difinitely nothing but it is only a minority source of cash. We knew that cash money are depend on what economic income based.
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