Topic: Will we ever live in a cashless society where cryptocurrencies thrive? (Read 395 times)
February 14, 2018, 06:25:50 AM
I think that society cannot completely switch to cashless payments. Cash and non-cash money have always complemented each other. With non-cash money, we are always able to cash them. Have a cashless payment has its advantages. But there are drawbacks. There is a certain degree of vulnerability of electronic systems. All customer account data is stored on a specific server of the Bank. And if it to physically destroy something you cannot restore it.
February 14, 2018, 05:21:06 AM
If we're looking at the price then cryptocurrencies will be consider the most dangerous investment in the world by now however this doesnt close the future of bitcoin being used in cashless society because we all know future payment and cashless payment will be applied sooner or later, exampe of this is paypal which still used until now and who knows if bitcoin or any other cryptocurrencies will be used in cashless transaction as we all know that some government already implemented their own set of laws to regulate bitcoin. 
February 14, 2018, 04:32:57 AM
In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
yes, All of our transactions and payments will be digitalized in the near future. So even in payments and bills we will have a digital currencies. SO fiat money will be extinct and will have no value at all.
February 14, 2018, 04:05:57 AM
In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
Well, I'm sure in the future the volatility will cease to exist because nowadays the volatility is caused by the people who lack of understanding about BItcoin and have no faith in the cryptocurrencies, they just don't understand how promising cryptocurrency is. Because of that, I believe in the future when BItcoin already been boringly well-understand as financial assets, the price will stabilize. This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
February 14, 2018, 02:26:45 AM
I dont think so that we will survive in a cashless society, because crytocurrency or digital currency can be obtain and use of all people who are aware of using technology as a tool. But how about the others or in a low level of community, whom are not capable of accessing in technolgy nowadays, so it is impossible for them to survive in a cashless society.
That’s quite a crazy expectation. So let me guess, he wants a world where beggars sits by the road side with computers and smart phones and wait for a passersby that comes and send them Bitcoin? Lol. Such is not gonna happen. For you to have such a society, you will have to provide jobs and internet for everyone to be able to have access to the digital money you’re introducing. You don’t just bring a cashless society, and leave some people in the dark to die, it’s making no sense, and no one will even support you with such a thing. If such thing is mentioned in a government meeting, it would be regarded as stupid, seriously.
February 07, 2018, 09:43:59 AM
This is possible to think for the cryptocurrencies to have a big role in the financial system that we currently have in our world. We can live in a cashless society where the cryptocurrencies and the internet have its big roles that are keeping the world's economy well sustained for the next years and for sure in that era, the transactions are very fast, transparent and most important, secured.
February 07, 2018, 09:05:21 AM
I dont think so that we will survive in a cashless society, because crytocurrency or digital currency can be obtain and use of all people who are aware of using technology as a tool. But how about the others or in a low level of community, whom are not capable of accessing in technolgy nowadays, so it is impossible for them to survive in a cashless society.
February 07, 2018, 06:48:46 AM
In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
Actually even bitcoin was not yet used, we are able to make cashless society happened. We uses our credit or debit card to pay our groceries. We can even pay our bills directly on our savings account. And now that the cryptocurrency is the one in, it gives even more lot of opportunities to live in a cashless society. It can be done on some part of the world but not the whole.
Well clearly, bankers are not welcoming this thought. Purchases using credit cards and now being restricted i think, to try and supress this revolution. Blockchain technology can really revolutionize how we do transactions and if given the chance everyone will benefit from it.
February 06, 2018, 11:10:08 AM
I am confident that we will soon live in a cashless society, but I'm not sure which currencies will prevail. Cryptocurrencies or digital FIAT?
February 06, 2018, 10:37:47 AM
In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
Actually even bitcoin was not yet used, we are able to make cashless society happened. We uses our credit or debit card to pay our groceries. We can even pay our bills directly on our savings account. And now that the cryptocurrency is the one in, it gives even more lot of opportunities to live in a cashless society. It can be done on some part of the world but not the whole.
February 06, 2018, 10:33:43 AM
In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
Of course, now it is hard to imagine. The prices for crypto-currencies vary greatly, especially during this period. But in the future I really would like to use my coins to pay for various goods and services, all the more so for this there will be all the amenities, ICO projects - this is proof.
February 06, 2018, 03:14:41 AM
I think it is not impossible to happen maybe in the future we are going to live in a cashless society,
I think once the government takes this crypto currency into their own maybe we would see a cashless society in the future,
But who knows there are online banks right now and maybe we could see it in the near future .
I think once the government takes this crypto currency into their own maybe we would see a cashless society in the future,
But who knows there are online banks right now and maybe we could see it in the near future .
February 06, 2018, 12:20:04 AM
A cashless society would be possible. However, a cashless society wherein cryptocurrencies thrive is less likely to happen. Cryptocurrencies are volatile due to supply and demand and if ever they will be used, the market will be disorganized.
February 05, 2018, 10:17:56 PM
Bitcoin doesn't need to replace fiat currency as payment for everything. It is just an alternative way means for payment. If an individual wants a faster and secured way to make transactions that doesn't want any third-party tracking him then bitcoin is right for the job or if that individual is just sick and tired with all the oppression, exploitation and control from our monetary system and just want to freely use his/her money then crypto currency will be there.
February 05, 2018, 10:06:51 PM
Someday crypto money is definitely growing rapidly. With the support of increasingly sophisticated technology. All that will be easy pasilitas. And the future of everything that must be in search is instant. But if crypto money will replace fiat money in the future I think it is impossible because it is complicated for small transactions and the community would not agree.
February 05, 2018, 08:40:50 PM
I do not think I will be alive to see such a system but my kids may be using. In developing countries, 70% population have not even heard about Bitcoins.
That's true there are still some countries that some people doesnt know the use of cryptocurrencies. This time bitcoin striving hard its existince because of droping of the price. But, in the future I dont think we will see a cashless society. Although many users adopts this technology but we cannot ensure a cashless society will adopts by the whole citizen. 
February 05, 2018, 08:33:58 PM
In my opinion cryptocurrencies seem too volatile to be used in the future within a cashless society. For example, only a month ago Bitcoin was well above £12,000 and it now sits at around £7,000.
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
This does not mean I would not like to see it, I would love to be able to spend Bitcoin on Amazon, there have been rumours surrounding this. What are everyone's thoughts?
When majority of the people get into bitcoin or any altcoin, its value will become more stable and its not going to be too volatile. We are seeing bitcoin dramatically changing its value because there were still few people who has the big volume of it. Its normal at this season to see sudden dropping and pumping, seeing how bitcoin gained popularity surely it will once again regain its high value.
Its toi early to see bitcoin being a primary form of payment, it might happen but it will take a lot of adjustment and adaptation.
February 05, 2018, 08:28:13 PM
We essentially live in a cashless society already, most of the cash that is spent and circulated in done electronically and not physically. There isn't even enough physical currency to represent the total amount of transactions that occur. Cryptocurrencies are the next logical step in the progression of the industry. The main issue is avoiding the government's attempts to ban and control the crypto market as the central bankers panic about a new industry arising that they don't have direct control over. They are already seeing this as they can't just simply print more crypto or add 0's to the end of accounts like they do with regular fiat currencies.
February 05, 2018, 07:58:25 PM
Why not want to live where fiat and crypto coexist making people life easier and better?!
Fiat for daily transaction like paying for transpo, buying something in the store or in the market etc... While crypto for paying utility bills, transferring money and payment for online shopping. Also we can use crypto instead of creditcard or payment gateway for credit card.
Fiat for daily living and cryptocurrency for all online transactions. Better and safer transaction online.
Fiat for daily transaction like paying for transpo, buying something in the store or in the market etc... While crypto for paying utility bills, transferring money and payment for online shopping. Also we can use crypto instead of creditcard or payment gateway for credit card.
Fiat for daily living and cryptocurrency for all online transactions. Better and safer transaction online.
February 05, 2018, 07:41:49 PM
In fact, some of the world's population live without cash, many people do not even see the salary 
So the salary is paid automatically with basic payments such as rent, electricity, the internet. We live in an absolutely cashless society.
So the salary is paid automatically with basic payments such as rent, electricity, the internet. We live in an absolutely cashless society.Jump to: