Topic: Why we should fear a cashless world - page 6. (Read 9827 times)

Cashless is a very complicated and difficult problem to solve, it certainly takes a long process and the most important thing to overcome or reduce cashless is to improve the education system.

i do think cashless world would make poor people live become even worse than before. I dont think my country would be ready and there is too much people with low understanding in cryptocurrency and i believe it would take really hard to teach them about it.

In every change that occurs the solution is always with it to solve the possible or existing problem to make everything go smoothly. So there is nothing to worry about or to fear, such response doesn't help anything.

First of all when everything would be build on digital technologies we should be scared of hackers, spies and many other stuff in this cases. The second problem would be lack of value, people would be linked to credit cards and other stuff..

It can not be denied again that the biggest problem of the country today is cashless, it shows the fairness of the country to the people so that if can not cope with cashless then one day can make the state to civil war.

A cashless society will be possible if and only if the country could sustain in that situation. When the country can provide unlimited and strong internet connection. And when the people itself are ready to face the digital world.

There is a major difference when it comes to cashless world presented by a government and a cashless world created by a decentralized currency, majority of the people here are talking about the negatives of a cashless society, the problem is that you cannot trust a government who plans to make everything digital, but when it comes to bitcoin and if they could scale properly, we could use bitcoin for each and every market in the world irrespective of the national inflation.

Think about a world without cash, what will happen. In Vietnam this is very bad. How will small daily trading activities take place? Can not buy a plate of rice, water that pays by bitcoin. Things will turn upside down if there is no cash.

Cashless world is the beginning of the unrest, if many countries do not immediately overcome this of course they will rebel, the state justice is needed to reduce the economic gap so there is no cashless world in this world.

I am not against to cashless society just like other country but in innovation in the technology let's also consider the other people point of view about it and people's abilities in using the cryptocurrency. We also think the old people's and remote areas that the signal of internet is not so good. In planning something like this we should always think other people before we decide what to do.

It's impossible to have a cashless society poor people will be the first to be affected because of their way of life no internet access and maybe they don't even know how to use cryptocurrency how about paying bills and buying small quantity of items it's hard to do transactions with bitcoin so i think this will not happen can't imagine the scenario.

In our  time  these will never happened in our time because our  government infrastructure is not yet ready but  for  the next generation this is possible because most of the peoples are already oriented with internet and digital world.

Slowly our world is adapting this kind of system for many reason, cashless world means digital world is now at work it could be fearful somehow because everything's depends on machine and you no longer have to carry cash within you for any transaction or payment to make, but what about the poor one? how are they going to pay their bills and buy something in the market when they have so little amount of money? I guess they will have solution to these.

Well I am very afraid that someday,  less fortunate people will be isolated to the society in which the acceptable norm will be the person who could step up and live like the other usual people. I fear that my next generation will never be count as a people to my own native land if they will not be able to access this kind of platform to ensure their life will be supported, I fear that there will be an extreme poverty and discrimination if that happened.

What people value in money is the ability to spend it as they wish. A cashless economy removes this freedom. This will drive people to seek other means of trade. Expect barter, silver, gold, bit-coin, soup cans, laundry detergent bottles, whatever.

Fluid money used as a means of exchanging in the world for purchase of the goods or necessities for purchase of products, people without cash which they will be afraid to come back in the past when all transactions have to use the tool of exchange system of goods it, certainly, it can be very difficult for all.

Any totalitarian society - it is bad for personal freedom. Full transition to non-cash payment - a big step by totalitarianism. Though there is always a hope for the best.

Because the world of non-cash payments can be traced. Do people want the government (not always favorable), banks or operators of payment systems to have access to this information? When in their hands there will be huge power and frightening potential possibilities of totalitarian control of finances. In contrast, cash provides many opportunities. They allow you to buy and sell, as well as to accumulate wealth without being dependent on anyone. And they can remain outside the financial system if they wish.

Cashless world is impossible in the near future because neither people nor system are ready for such changes. As for me I am not ready to refuse cash. People must have a choice between cash and cashless payments and savings and it is reasonable.

Well for me,  not exactly to the point that I should fear if the world is going to be a cashless economy or society.  Cause we all know that being a cashless economy has a disadvantages and advantages as well.

And speaking of the disadvantage of the cashless economy, one of this is that not everybody has the knowledge of doing digital transactions and hence its reach is limited to urban  and semi-urban centers only and therefore it is very difficult to implement cashless economy in the big country where many sections of the society in rural areas is illiterate and poor. Hence the lack of proper infrastructure and education among citizens is disadvantageous as far as the cashless economy is concerned.

But the advantage of cashless economy foremost is that an individual does not need to carry cash with him or her everywhere which in turn reduces the chances of theft from wallet, reduces inconvenience due to carrying cash, give freedom from problem of change when transaction is of odd amount, no risk of receiving counterfeit currency and so on.

That's are some of advantages and disadvantages of the cashless economy.  So I guess, any government thinking of adopting cashless economy model should carefully analyze the merits and demerits and then take the decision as the cashless economy cannot be imposed on the people rather it can be gradually adopted by the people of the country.