There will no corrput nation if cashless society implement. governments wants to manipulate also the market if it goes viral. i think one reason why we should be cashless so that we don't have a hard time lose our money. our gadgets is our new money now.
Still there are disadvantages about cashless society like hacking the system which is have a higher chance of losing all the money in just one click. This idea is really good but in terms of security level I think they need to really focus on every possible disadvantages so that in the near future this disadvantages will be resolved. 
Topic: Why we should fear a cashless world - page 14. (Read 9767 times)
whether it feels fair to those who do not have non-cash facilities such as credit cards and bank accounts. Surely they will find it difficult if the world without cash, the fate of small traders will be difficult in buying and selling merchandise. so naturally if they are afraid of the world without cash.
Poor people and small businesses rely on cash. A cashless society would dream come true for a tyrannical state that can monitor and regulate every aspect of our lives that involves money.
We were fear to cashless world because in this kind of society we have no assurance. Why? Because technology is made by people, some innocent people were possible to hack or steal their money without knowing and it's hard for them to determine what happen? Also systems of all digital currencies had no hard security to protect the amount of all users. Moreover there were no insurance for the people who save high amount, it means that savings in digital world was taking your own risks too.
In this world, we have to adapt or you get left behind, with those small and medium they have to adapt because the era of a cashless society will be coming very soon whether they like it or not. At the moment its even here and soon its going to be the only means of payment and i think i will be okay with it because FIAT takes a lot of natural resources to make. We were fear to cashless world because in this kind of society we have no assurance. Why? Because technology is made by people, some innocent people were possible to hack or steal their money without knowing and it's hard for them to determine what happen? Also systems of all digital currencies had no hard security to protect the amount of all users. Moreover there were no insurance for the people who save high amount, it means that savings in digital world was taking your own risks too.
In our cash societies there aren't assurances too. If your currency crashes you will lose all your money value... With digital currencies I agree that it's not different, anyway none of them are effective from the assurance point of view. So we need to have physical items that have price and get price along the time. They could be lands, ores, relics... Cashless society or not it doesn't change anything, the human nature will be the same.
There will no corrput nation if cashless society implement. governments wants to manipulate also the market if it goes viral. i think one reason why we should be cashless so that we don't have a hard time lose our money. our gadgets is our new money now.
because if we are still using cash and using paper money then it is not very efficient and can make the paper material run out and the earth becomes very arid, we must reduce the circulation of paper money and reduce the use of paper money.
Do you really believe that printing of paper money destroys the earth? It just proves that you have no idea how bills are made! Paper money are paper only by name. Here's a nice reading for you:
The paper, also known as the substrate, is a special blend of 75% cotton and 25% linen to give it the proper feel. It contains small segments of red and blue fibers scattered throughout for visual identification.
http://www.madehow.com/Volume-3/Paper-Currency.html#ixzz51XtgpfBp
And here's another excerpt:
Not a single tree is cut down to make the great American greenback. It’s not because the government has instituted an environmentally responsible recycling program, but rather because the paper used for currency is completely unlike the stuff we use for printing and writing. Wood pulp-based paper is designed to be affordable and mass produced, but is not necessarily very durable.
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
http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
Discussion
because if we are still using cash and using paper money then it is not very efficient and can make the paper material run out and the earth becomes very arid, we must reduce the circulation of paper money and reduce the use of paper money.
We were fear to cashless world because in this kind of society we have no assurance. Why? Because technology is made by people, some innocent people were possible to hack or steal their money without knowing and it's hard for them to determine what happen? Also systems of all digital currencies had no hard security to protect the amount of all users. Moreover there were no insurance for the people who save high amount, it means that savings in digital world was taking your own risks too.
no one in the world are pleased to lose money, but also no rich people never lose money. contrast, a lot of the poor are never lose serupiah also, since they actually never invest or business at all.
I think if the world becomes cashless, there will definitely be another payment method for the poor and small businesses. They are a small part of human society so they will never be abandoned. This has taken place in the present and in the past.
Actually we dont have to fear with cashless society, although it might have disaDvantages in using it. As like what you said normal citizen or the poor suffer. Some of tjose poor people dont have the access in internet (which we need in transacting online) or even using credit card that needed some annual fees or any other hidden fees. Also online hacking is possible eapecially to those who have weak security. (credit cards are hackable these days). But in the brighter side, cashless society will help people at ease without carrying much money in their purse. Just swipe or in one click we can purchase anything.
I can never imagine a cashless world..because paper cash is important...and it can never be stopped...the real proof is always on paper..even court never trust on online proof..
Yes go to any part of the world we can see the use of fiat money, it is highly impossible to stop the use of paper money. Both advantages and disadvantages are there by the use of paper money. That is not a sort of fear but that surely affects small traders and lower middle class people. Main beifit of cashless society is that decreases fake currency. 5) Not classed as a "good" citizen, they will freeze your account leaving you destitute instantly.
This is the worst point of the system. At this point laws can manipulate any person on the planet to do anything.
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
http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
Discussion
If the poor will be fully educated about how to use cashless transactions then there would be no problem at all. Though the risk is high in cashless system because it can be hacked and you funds will be gone in an instant. I think the most effecient way is have a cashless system at the same time have the fiat system and sync both to secure every people's funds.
Fear from hacking because if all of your money are now cashless it is prone to be hacked by someone and worrying this money will not return back to you.
We should fear a cashless world because the government can then now how much money we have and they would have to much control in my opinion. The balance in the world would not be fair at all.There is a lot of hackers now, that's one of the disadvantage i see in cashless, because your money is not in your hand and you're still waiting when you recieve it. As long as you didn't touch your money you are not sure if you recieve it safe.
I guess cashless society can bring us some advantages and disadvantages as well. Some advantages maybe btc can hack right away if you did not keep your password, phones, computers in a very safe mode. Internet connection may interup our transaction as well. But there are some advantages as well in cashless society. It can bring us more earning and fast transaction too.
Fear from hacking because if all of your money are now cashless it is prone to be hacked by someone and worrying this money will not return back to you.
We should fear a cashless world because the government can then now how much money we have and they would have to much control in my opinion. The balance in the world would not be fair at all.There is a lot of hackers now, that's one of the disadvantage i see in cashless, because your money is not in your hand and you're still waiting when you recieve it. As long as you didn't touch your money you are not sure if you recieve it safe.
yes we must be afraid if the world without money is very unlikely because with the advancement of today's technologically sophisticated then all the transaction activity definitely involves cash both cash and non cash. and it is very important for human life
What are you talking about? A cashless world isn't a world without money! Money come in many forms, cash is one of them.
One of disadvantages of having a cashless environment is that we could never transact or buy anything we want if everything goes offline. Unlike having real cash around, you can do transaction right away and doesn't need you to be online at all.
And how would you put "everything" offline? You'd have to destroy the network in a given country, but how? By nuking all the hubs and telephone towers? By destroying the whole power grid? If anything like that would happen you'd be afraid to transact in cash as the country would go unstable within hours along with its whole treasury and banking.
If this happen it really good development for the all countries then all money controls are transferring into bank system and the world currencies are become decentralized. But this only worth for some people because more poor people does not know about the trading and they are not using that.Then how can they understand.First of all when it commenced by goverment they should announce the awareness about that.
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