Topic: Why we should fear a cashless world - page 3. (Read 9767 times)
currently I am not using cash in my existing life due to credit card.. I can use easily cashless life..
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 we can't rely everything on digital currency because
most of the people today don't have enough knowledge about it yet. Also, there are places where there were no internet connections which is really important when using digital money. Cash is still convenient in our generation today.
I would not want all my money to be in the power of the bank or that he just knew about them, it's not freedom
Some many are afraid of cashless financial system. Even currently in my country so many people do not have ATM card, some do not even have bank account. So if you tell such people about digital currency it will sound so abstract and risky. It will take decades for most people to embrace cryptocurrency.
Cashless will not be forced to happen or implemented, we don't have to worry about it, of course the government will understand, they know the condition of human resources from their community, I think the government will focus more on handling poverty and educating people than confused about cashless society, do not worry about it mate
As long as banks are printing paper money it will not yet extinct and people will need to be educated first regarding on digital money before cash be removed. it will took time.
You don't have to fear a cashless world. It is not going to happen in my opinion for now. Consider that mostly internet connection is only available in bigger cities and in rich nations therefore it would be so hard to totally implement the total use of a cashless society. If implemented it would be too costly because each product adds the cost of internet connections to it. So I don't think this is really a profitable one.
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 am living in a developing country and in my area I am seeing even uneducated people are interested to know about bitcoin and many of them have invested their money in that currency. I am going to add that this currency is still in the early stage in my country so if it will get more place then these poor and small businesses will also adopt it and if they will adopt then there is a benefit for then to rise their business. http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
Discussion
the main problem of country and economy globally is cahsless, everyone is scared and worried about it because they can be a time bomb that can explode anytime and to overcome this is by subsidizing them.
For me we should fear a cashless world because not all people in this world can adopt how to used digital currency, and i believe that some people will still choose or will still prefer fiat or cash because it is always used by all people in this world.
Cash might be more secure, since it requires someone to physically steal it from you. However, as a society, being cashless might be very valueable.
By reducing the transaction costs we can use resources on more important things, instead of using them on simply transferring funds from one place to another.
By reducing the transaction costs we can use resources on more important things, instead of using them on simply transferring funds from one place to another.
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
Yes, of course, we are afraid of the World without Money. Because in this world everything depends only on money. To meet our daily needs we only need money. To buy something that we want, to buy food or buy anything definitely just needed Money. That's why we can not just drop the money. Money is precious to the lives of all of us.http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless
Discussion
One reason why we fear the cashless world is the SCAMMERS, Right you read it correct. In this contactless world that we only have transaction thru digital world it is hard to trust person because you cant see your the person you can transact with. All of our action here in the digital world should have a responsibility of what will happen in the near future.
Some many are afraid of cashless financial system. Even currently in my country so many people do not have ATM card, some do not even have bank account. So if you tell such people about digital currency it will sound so abstract and risky. It will take decades for most people to embrace cryptocurrency.
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.
cashless world is crypto? if yes we dont need to afraid this, if it is not about crypto , we already almost in the cashless world, i see my money just at the bank atm screen 
I agree, crypto would not be the main reason of a cashless world. Plastic cards purchases comprise over 60 percent of all in-person sales in the world already and cryptos have nothing to do with that. Nevertheless, I think cash will never disappear, like postal services have not disappeared following the wide adoption of e-mail. If something possesses unique capabilities, this thing will always be used by some people because of that.
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 most important thing when we entering cashless world is about avoid from hacker. In digital world. if we dont carefull with our data, our wallet can hack by unresponsible people.
cashless world means that every transaction you made will be traceable can be good or bad depends on what you do for a living
cashless world is crypto? if yes we dont need to afraid this, if it is not about crypto , we already almost in the cashless world, i see my money just at the bank atm screen
the main problem of country and economy globally is cahsless, everyone is scared and worried about it because they can be a time bomb that can explode anytime and to overcome this is by subsidizing them.
I think the fact that not all people can adopt the technology bitcoin has is something that must fix first before entering a cashless society. It needs ro settle first the issue of how to teach uneducated people about bitcoin and how those people in the lower level of the society can access to internet aside from that who will regulate the currency if government can't..I think there's a lot of problem if we enter the cashless society.
Right, a cashless society, although convinient with the advent of the internet will chaste people into classes. Being that the bank will decide on what class you are in your capacity to pay. Also, it's right that bsnks eill have sole control over your accounts but then again, this should have the OK of the governing body. This has the possibility of being abused by banks and state alike.
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