Topic: Why we should fear a cashless world - page 15. (Read 9769 times)

Without cash, nothing is possible in our selfish lives and worlds. Nobody cares for you, nobody helps you most probably. That's the reason why people feel very bad about being cashless in the world.

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..

When a hacker found a spot open to your backdoor they will exploit it until you have no more left but once are good at protecting your belonging no one would ever come close to you. They will need to put a hard effort to get to your computer which is through social engineering and planting a malware in your device. If you are all aware to your surroundings you will easily notice these guys.

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.

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

That's one of the disadvantage of the digital currency, to remote areas beyond internet and electricity reach. There are people who don't even know how to use smart phones. My country is composed of 7k+ islands and most of them are rural areas. Only the people living in the urban areas are using digital payments such as BTC.

Remember, whatever we need need money, it makes the role of money is very important, money like blood on the body, so if without money then we will die, then from now we must prepare ourselves to have money.

Hackers are true geniuses, they will always find ways to steal money in our wallets in different ways, we will be very difficult to prevent that, we can use security or any wallet system, all will also be useless with them. Therefore, a world without cash really is something that we should fear, we will always live in a situation of anxiety, not knowing when the hacker will visit us, I never want that to come to me, it will be a nightmare. And the world without cash will bring an inconvenience to me and many others around the world, sometimes the transactions will be delayed, I hate that, even buy something with a few dollars that also need to use wallet online, that is really funny thing.

The main issue is that people do not want to know about how the online wallet works but want to have this facility. If we take a little tutorial before adapting to online wallets, we can stay safe from the hackers around the world. Some people have their passwords so weak that even the person who knows nothing about hacking ends up hacking them. Knowledge about the security of the online wallet system is really very mandatory if you want to save yourslelf

Yes a lot of hackers are here now and they are ready to take the money from bitcoin investors and hold it in their own wallets. Bitcoin is not easy to hack now because it is having a lot of other wallets and saving systems. If you are using offline wallets then it will be more beneficial and it will be hard for them to take your money. I don’t know way people are afraid of lose and they want to use only one currency.

How come digital power scares you? Are you not as scared as the power that the government has today? I think that since everything will be automated when everything has become ran digitally, there would be more transparency with what's going on in the government. It might even lessen their power because, let's say there's no more money and our monetary system has a public ledger just like what bitcoin has, the government's transactions will be out there. The people will be able to watch where are our country's funds goes to. We can confirm if those money are going to the address of the department it's allocated to. The government can't put the country's funds to their own banks unlike with what they are doing now.

I think you simply don't have enough ideas what will happen when we have a cashless world. Of course that monetary has to be zero flaws because otherwise the hackers will rule the world. So let's assume that it's unhackable like bitcoin. There are petitions and organizations saying that each and every government, national or just a small government (like the one we have per city which consists of Mayor, Vice mayor, etc.) should have a transparent record of where the money are going to to avoid corruption. You see, that's not happening in our world yet, a transparent record of the government's transactions that's why they keep on being corrupt and I bet that it's the only way to stop corruption and to actually put some power into the people's hands since that's the whole point of democracy anyway.

because if this happens, the whole control will be on the computer. ie the authority of banks increases. and all the forbidden open bastards use us as slaves for this system. cashless society means authoritarianism.
it will always be a power that manages the digital one.
It scares me. maybe it will be in the future too long.

We must fear it because not all of us is reliable in technological money because not all of us is accessible in technology specially the indigenous people. The only thing that will prioritize this kind of system is the people that are engage in the business because the transaction in here is much faster compare to others and the other disadvantage is that many people may used as advantage the weakness of other by means of hacking and by means of playing words that can deceive the mind of every human being.

Cashless, I really can't think of what will happen except, there will be too many illegal trades that can happen. It will be there way to transact and nothing gonna stop them.

There are many scammers in this world especially right now that bitcoin is gaining its popularity rapidly many people will use bitcoin to scam other, worst it can be used to hire people for them to kill their enemies, like the elites who can hire those kind of people.

The thing is normal social media accounts are already hackable, it just needs the right push for people to do it. Now, imagine something that involves money and not to mention that the value of bitcoin is way higher than our usual money. If cash was to be eliminated, then it might cause some problems online not just hacking, but more.

There is no doubt in this thing that everything has drawbacks and plus points as well. We should keep in mind that all depends on users. The technology itself is not bad, it depends on the people who are involved with it. TV and refrigerator has made our lives very easy, refrigerator has at least not given us a serious drawback at all. Bitcoin is again the same case. I personally think it has more advantages than disadvantages.

I fear cashless world only because technology gets outdated every next hour, and if everything is online there will be high risk of the security of funds. We might keep our holdings in cold storage wallet but other than that if some exchange get hacked or there is a virus stuck in the technology or wallet we use. All our funds would be loss, I think this is worrying more than anything else. Cashless world have their benefit but you should not move completely, everything has their own plus point and so is is cash.

It's possible that people will become poorer and make sure that the rich get richer in the cashless  world.

At first thought cashless world has many advantages. No need for paper money anymore, lower risk for robberies and other crimes.
On the other hand in cashless world every big hacker attack or natural disaster when there is no electricity and similar would cause total chaos and we would be helpless. I'm totaly for digitalization but we are so depending on internet technologies already which is very vulnerable so we need also some alternative.