Topic: Why we should fear a cashless world - page 19. (Read 9769 times)
In a cashless world our currency was decentralized now we started a cashless we fear cashless because all fiat would be gone and its hard for the people who have no knowledge in cryptocurrency.
I fear a cashless world because we do not know what it entails. Although if you think about it, we are living in a cashless world today. Most countries don't even use cash as a primary tool of monetary exchange anymore. It is simply a fact.
What future are we talking about? Few years? 10 years?
I think in 10 years there would be no fiat money and no cash, because all economics will be changed, decentralised and that will change the worlds map. No governments, no borders. Universal Basic Income for all people on Blockchain. Lots of robots working for people etc.
I think in 10 years there would be no fiat money and no cash, because all economics will be changed, decentralised and that will change the worlds map. No governments, no borders. Universal Basic Income for all people on Blockchain. Lots of robots working for people etc.
There is no way that all of this can happen within 10 years and how would the blockchain even begin to generate and provide a basic universal income for all people using it? All of the things you've listed take so much time to be adopted as change always does, I would be surprised to see any of them happen within the next 50 years.
What future are we talking about? Few years? 10 years?
I think in 10 years there would be no fiat money and no cash, because all economics will be changed, decentralised and that will change the worlds map. No governments, no borders. Universal Basic Income for all people on Blockchain. Lots of robots working for people etc.
I think in 10 years there would be no fiat money and no cash, because all economics will be changed, decentralised and that will change the worlds map. No governments, no borders. Universal Basic Income for all people on Blockchain. Lots of robots working for people etc.
I believe theres a lot of ways online system of payment or cashless system of monetary policy is very fearful and dangerous because:
1. Altcoins or crypto currency can be used to transact illegally. This can be used by many bad guys all over the world and the can continue to do they bad doings without worrying any financial transaction because its digital.
2. We all know that in this cryptoworld we never know when these digital money can be available. Yes we never know how long would these digital currency last.
3. These can be used as easy go out scams. Because most of the investing site/mining site vanishes in a blink of an eye without any trace because its digital and its level of security is very high! And a lot more stories will come. Thats why having a cashless system of payment is very fearful.
1. Altcoins or crypto currency can be used to transact illegally. This can be used by many bad guys all over the world and the can continue to do they bad doings without worrying any financial transaction because its digital.
2. We all know that in this cryptoworld we never know when these digital money can be available. Yes we never know how long would these digital currency last.
3. These can be used as easy go out scams. Because most of the investing site/mining site vanishes in a blink of an eye without any trace because its digital and its level of security is very high! And a lot more stories will come. Thats why having a cashless system of payment is very fearful.
We need not be afraid of cashless world because it will never happen. You imagine, how they are people who live in the village or in traditional markets. How will they do the transaction if cash is not allowed? Will they do a barter system like ancient times? Transactions using cryptocurrency will grow in the future, but that will not make Cash disappear. So stay calm and not to be afraid. People can judge and see everything. People who are not capable use Bitcoin or any digital coin will not afraid and keep living !
Well our socio economic life wouldn't always be the same and there is bound to be developments at some point even if it's not our generation it will definitely happen in generations to come where everyone would be somewhat educated to use digital electronics systems.
I believe theres a lot of ways online system of payment or cashless system of monetary policy is very fearful and dangerous because:
1. Altcoins or crypto currency can be used to transact illegally. This can be used by many bad guys all over the world and the can continue to do they bad doings without worrying any financial transaction because its digital.
2. We all know that in this cryptoworld we never know when these digital money can be available. Yes we never know how long would these digital currency last.
3. These can be used as easy go out scams. Because most of the investing site/mining site vanishes in a blink of an eye without any trace because its digital and its level of security is very high! And a lot more stories will come. Thats why having a cashless system of payment is very fearful.
1. Altcoins or crypto currency can be used to transact illegally. This can be used by many bad guys all over the world and the can continue to do they bad doings without worrying any financial transaction because its digital.
2. We all know that in this cryptoworld we never know when these digital money can be available. Yes we never know how long would these digital currency last.
3. These can be used as easy go out scams. Because most of the investing site/mining site vanishes in a blink of an eye without any trace because its digital and its level of security is very high! And a lot more stories will come. Thats why having a cashless system of payment is very fearful.
We need not be afraid of cashless world because it will never happen. You imagine, how they are people who live in the village or in traditional markets. How will they do the transaction if cash is not allowed? Will they do a barter system like ancient times? Transactions using cryptocurrency will grow in the future, but that will not make Cash disappear. So stay calm and not to be afraid. People can judge and see everything. People who are not capable use Bitcoin or any digital coin will not afraid and keep living !
I think those only who are not capable to use bitcoin or any digital coin are going to be afraid in the Cashless Society. Because if we already entire the Cashless Society it is more easy for us to use it.
You have point, but if we are living in a cashless world, because it will become a centralized and it would be easy for the government to manipulate the currency we are using for and there will be a panic that is going to happen considering government are corrupt, we don't want to be controlled by them as we want freedom to spend our bitcoin funds.
I believe theres a lot of ways online system of payment or cashless system of monetary policy is very fearful and dangerous because:
1. Altcoins or crypto currency can be used to transact illegally. This can be used by many bad guys all over the world and the can continue to do they bad doings without worrying any financial transaction because its digital.
2. We all know that in this cryptoworld we never know when these digital money can be available. Yes we never know how long would these digital currency last.
3. These can be used as easy go out scams. Because most of the investing site/mining site vanishes in a blink of an eye without any trace because its digital and its level of security is very high! And a lot more stories will come. Thats why having a cashless system of payment is very fearful.
1. Altcoins or crypto currency can be used to transact illegally. This can be used by many bad guys all over the world and the can continue to do they bad doings without worrying any financial transaction because its digital.
2. We all know that in this cryptoworld we never know when these digital money can be available. Yes we never know how long would these digital currency last.
3. These can be used as easy go out scams. Because most of the investing site/mining site vanishes in a blink of an eye without any trace because its digital and its level of security is very high! And a lot more stories will come. Thats why having a cashless system of payment is very fearful.
Are you saying we should be in fear now? Why should we be in fear? We are almost in a cashless world as it stands right now. I think the figure is that only 30% of all the money currently held today is in cash whereas it used to be 100% before the invention of digital transactions. Which means every day less and less cash is out there to be used by people and transactions are becoming more and more digital.
I think those only who are not capable to use bitcoin or any digital coin are going to be afraid in the Cashless Society. Because if we already entire the Cashless Society it is more easy for us to use it.
You have point, but if we are living in a cashless world, because it will become a centralized and it would be easy for the government to manipulate the currency we are using for and there will be a panic that is going to happen considering government are corrupt, we don't want to be controlled by them as we want freedom to spend our bitcoin funds.
Arent credit cards, debit cards, apple pay, paypal, alipay, wechat pay, etc..... cashless?
I believe we are all already semi-cashless society, as most of the cash-based economies are usually third world countries.
I believe we are all already semi-cashless society, as most of the cash-based economies are usually third world countries.
I think those only who are not capable to use bitcoin or any digital coin are going to be afraid in the Cashless Society. Because if we already entire the Cashless Society it is more easy for us to use it.
I think we will never reach cashless world till USA is printing money. It will hit its economic system and bring it to default.
Forcing consumers to go cashless comes with concerns. Those hurt the most could be the poor and small businesses who today rely deeply on cash. Some believe that a contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance.
Cause it won't be anything to make value of something for me world without it won't survive for more than half year.
I think we should not be afraid of the non-cash world, because it's impossible right now...a lot of countries are not adapted to this, and as mentioned above - small businesses are also unable to support it...and this is a large part of the population...so it doesn't threaten us
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
But that is only true if we live in a cashless world dominated by fiat currency but now thanks to bitcoin you can avoid that level of surveillance, so that world is never going to materialize the same way a world where the elites had a monopoly on information did not materialize thanks to the printing press at first and then thanks to the Internet. http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
Discussion
Hmm cashless world is crypto? It was kinda suggestion or what? If we are talking about debet cards etc. i think is it huge possibility not ony the payment version but also something new. For sure if yu ccan pay for your shoping with card without your password then if someone else will steal your card he could be able to make anythingl. So stay tuned and watch out.
A cashless world is like what we have seen on futuristic movies. More and more transcations rely on the internet and in cash taht even poor people has card. I think if that happens, even poor people are be given a card to use. There are more aspects to consider before that happen and i think its a 100 year process and hopefuly there would be no poor people in this world.
I was told in a cashless society we would earn some kind of shared income per month as a community pay or something like that I think AI is somehow involved once there will be no more use for people when robots take our jobs? I forget the exact explanations but it was an interesting theory.
Nobody can deny the fact that bitcoin is quite powerful as a means of currency, but many factors can cause fear for the cashless world as many are not fully aware of how it works and often the disadvantages are highlighted.
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