Topic: Why we should fear a cashless world - page 17. (Read 9769 times)
If the cashless world would be an issue for poor, they will be suffering but after a while they have to adapt in this situation and learn the system. I hope if they learn it they won`t be poor any more.
True. It will still lean on how will the government change how this poor people will live.
If they can somehow make something that will enhance the life of those people then maybe a cashless country might work.
But as of now there are still rural places in every country and they need cash for them to still buy their necessities.
If they can somehow make something that will enhance the life of those people then maybe a cashless country might work.
But as of now there are still rural places in every country and they need cash for them to still buy their necessities.
Someday all money is in the form of digital. And there is no excuse, all people are required to have it. Your money is stored in your body in the form of rfid microchip implant.
Money transactions can be sent using crypto transferred to microchip implant.
Money transactions can be sent using crypto transferred to microchip implant.
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
Cashless World means no access to fiat currency but I think this is practically still impossible. Many countries are not developed and every citizen across the globe cannot access internet to access virtual currency. Also, I think if there is an ongoing war between 2 countries there internet services will be probably down and at such cases only faith currency will be useful. One should need to think from the point of view of below poverty line who cannot access internet and are illiterate, how will they sustain in a cashless world ? So, I think cash has its important place in the world and should not be eliminated.
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
Regarding surveillance i think after all it is a good think, if we consider all the crazy people out there gaining more and more power. Yes, it is not a democratic think but in our days it is necessary. Regarding the cashless fears there is only hackers and energy crisis.http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
Discussion
For me the one reason to become fear in the cashless money if this will fall and to lose our money using this. Since most of the bitcoin user used the bitcoin as source of income they want allot of profit not a losing of money, it means that they don't want to happen the falling of their business like investing or trading using the crypto-currency. Additonally we can't predict what will happen in the future in the world of crypto-currecny.
Well it has the both sides the bad and the good if we look at the positive side we will think positive so being a cashless world mean everyone is involved In the bitcoin and the crypto currency but the problem will be that not all the people are known to the technologies it will be easy and facilitated world for those who will earn and are aware of the use of bitcoin but it will be bit difficult for a few people who don’t know bitcoin and the use of the bitcoin properly.
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
Regarding surveillance i think after all it is a good think, if we consider all the crazy people out there gaining more and more power. Yes, it is not a democratic think but in our days it is necessary. Regarding the cashless fears there is only hackers and energy crisis.http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
Discussion
We should fear a cashless world because we cannot buy if there is no internet connection. Everything needs money to buy something and if it will happen that we will be in a cashless world, it is very difficult for us especially buying something in places where there is no fast internet connection like in countryside for example and there are actually many aspects that we need to consider before we can accept that cashless world.
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
Regarding surveillance i think after all it is a good think, if we consider all the crazy people out there gaining more and more power. Yes, it is not a democratic think but in our days it is necessary. Regarding the cashless fears there is only hackers and energy crisis. http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
Discussion
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
Cashless world will really affect those small businesses because they cant afford to buy those machines for credit cards or debit cards. It will be a great loss to their business because people will prefer the big business who can offer cashless transactions. Also, it would be more prone to hacking and other skimming system if cashless system would be implemented. http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
Discussion
Technology have its own pros and cons....history also proved that every inventions till now like T.V. refrigirator etc made human lazy and less social and also lost pease of mind
Cashless will even make people to become more lazy because where ever they go to any retial shop they can use their debit and credit card but the thing government are pushing people to go cashless because they want to make more money on these debit and credit transaction.
We really can't fear a cashless society because we are already going toward that whether we like it or not ! Because now technically every shop (even small ones ) , every market, every grocery store and just every place you need to pay something to get from are equipped with credit card payment methods which means you don't even have to carry cash on you any more !
Further more a cashless society is a safer society because you won't be running the threat of carrying cash around you and getting robbed , harmed or stolen from which can cause you both physical and moral damage over a few bucks whereas if you are just carrying a credit card no one will get the opportunity to steal what is yours .
Plus if everything goes digital , every transaction will be saved and will be clear which will help in fighting corruption which is highly difficult because tracing back cash is sometimes impossible .
Further more a cashless society is a safer society because you won't be running the threat of carrying cash around you and getting robbed , harmed or stolen from which can cause you both physical and moral damage over a few bucks whereas if you are just carrying a credit card no one will get the opportunity to steal what is yours .
Plus if everything goes digital , every transaction will be saved and will be clear which will help in fighting corruption which is highly difficult because tracing back cash is sometimes impossible .
Now a days government is trying to bring in a cashless world for the society as they want to monitor each and every transactions that is taking place.Yes i agree with your statement that it is going to affect the people living in the low class society and small business as they will be more comfortable with real life cash and cashless society will be causing them a huge loss as we all know if we deposit money in the bank the bank will normally take banking charges for each and every reason they will charge us for making transactions as well as for availing various banking features like the electronic card and we will even get a penalty if we don't maintain sufficient funds and its gonna be a threat for the poor people .Where as in the case of btc investment it is never going to be threat for anyone as it is not going to charge any penalty or service charges like the banks.
The government would never allow society that would exist in the cashless world. If this case should come to reality we would all be controlled and every evidence of our payments would be recorded. Criminality would be reduced and people would adapt to a new system. Paper money will always be printed cause it is centralized and the casheless world will never come into existence cause powerful people will not allow it.
There is no need to fear of cashless economy only the black money holders will be afraid of cashless world,actually cashless economy will help the country to save from illegal activities like black money holders who saves their income without paying any taxes to the government.If we convert to cashless economy then all our transactions will be recorded so everyone need to pay their taxes.
Even if "they" introduce cashless society as a standard mode for world to operate,
people will find another means to trade.
There are always thing like valuable metals, ore or jewels.
Barter trading will get reborn again. Im more then sure that when its needed some
new unknown ways for easy trade will be invented.
exactly people wont stay in single side waiting while they can make people will find another means to trade.
There are always thing like valuable metals, ore or jewels.
Barter trading will get reborn again. Im more then sure that when its needed some
new unknown ways for easy trade will be invented.
another alternatives on making income..for sure lots of idea and skills will
brought out just to adapt in new system as cashless world,so dont bother
about that cashless society that would not be applicable here.
People are not feared of cashless world, they are worried. Because in many countries infrastructure needed for cashless economy is not yet reached. These countries cant afford to adopt and implement it. If world become cashless how will these countries survive. Fiat currency is backbone of many countries. People using digital currencies are still fond of fiat currencies. Cash is the easiest mode of exchange in any part of the world. Without proper implementation cashless economies will ruin the poor people.
We've been living for a long time using physical money. I doubt that it will ever happen. Even though we are on the verge of digital age, there are countries or group of people that can't cope or catch up with the current technology. A demograph of people around 30 to 50 years old, misunderstood the concept of cryptocurrencies. Most things will never really change, we are already use to it.
However, living in a cashless society shouldn't be feared. There will be PROs and CONs for sure, but we should always look on the bright side. After all, we all want to live in a more convenient and less hassle society.
However, living in a cashless society shouldn't be feared. There will be PROs and CONs for sure, but we should always look on the bright side. After all, we all want to live in a more convenient and less hassle society.
Hi,
A cashless wolrd should not be feared in fact. Small businesses and "poor" people are used to using cash because it costs less than gettng a debit/credit card emitted by a bank.But for the bank, such emission costs nothing. They want us to believe so that they can charge our account with complete crazy fees. Maintaining an onlne system is costly if you consider the overall bill. If you divide it into all users, then it is nothing.
Then about surveillance. We are quite lucky in fact because bitcoin holds it own auto-vigilant system. You cannot lie with bitcoin. Well you can ut not about your transactions. Many cities are setting up system of video surveillance but you know what? It is useless. It changes nothing in terms of infractions.
So we should stop thinking we need some kind of "authority" to vigilate our actions. We can do it by ourselves, we can get rid of banks!
A cashless wolrd should not be feared in fact. Small businesses and "poor" people are used to using cash because it costs less than gettng a debit/credit card emitted by a bank.But for the bank, such emission costs nothing. They want us to believe so that they can charge our account with complete crazy fees. Maintaining an onlne system is costly if you consider the overall bill. If you divide it into all users, then it is nothing.
Then about surveillance. We are quite lucky in fact because bitcoin holds it own auto-vigilant system. You cannot lie with bitcoin. Well you can ut not about your transactions. Many cities are setting up system of video surveillance but you know what? It is useless. It changes nothing in terms of infractions.
So we should stop thinking we need some kind of "authority" to vigilate our actions. We can do it by ourselves, we can get rid of banks!
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
I think the things to fear in a cashless world is the work load that there is in order for a successful and effective implementation of online currencies and removal of the physical money. Also, the fact that it is all integrated with computer makes me worried that some day there might be a really good hacker that could infiltrate the system.
Because the world without money will be troublesome, because not everyone in this world can use digital money, so if money is lost then the poor will become more miserable ...
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