Bitcoin Forum

If the government came out today and declared that Bitcoin cannot be accepted as legal tender for purchases, I believe Bitcoin would find a way. It would find a way only because of the anonymity that today's cash affords people. Cash is the lovely bridge that people use in turning their Bitcoins into value.

Tomorrow though, when there is no longer cash and the only form of payment is electronic, and where all electronic payments are handled by auditable pools of companies, what will happen?

If you want to look how that might look in the future, look at a company that already functions are entirely electronic payments.
Take a look at Amazon: If Amazon was ordered not to accept Bitcoin, and cash no longer existed in the world, how would one be able to use Bitcoin to purchase things on Amazon?

In order for Bitcoin to work in a world that is hostile against it, it needs the anonymity of cash. What happens when that goes away?
Would love to hear anyone's thoughts on this dilemma I've been having.

If the government would declare such implementation or action then they are already created a new cryptocurrency or electronic money on which it would be used globally or on just single country then we cant really used bitcoin regarding on the goods or transactions on daily basis but still the same story even you cant use bitcoin you could always still exchange it to electronic cash that you mentioned.

I do not think cashless society will kill bitcoin but increase its price. Imagine a society without any currency notes the only method of paying is online. Since bitcoin transaction is fast and cheap and anonymous hence it would be preferred.

I hope it won't kill bitcoin it may increase the price of bitcoin because even bitcoin is digital currency, many people are buying bitcoin through electronic transfer only not with the cash, majority of people are buying bitcoin through electronic transfer only not directly with the cash. If government really declares than definitely there will big jump for bitcoin community.

We will not see cashless world in next few decades for sure, not even in well developed countries because government also use anonymity of cash to fund projects which they don't like to reveal to public. Also it is quite hard to digitize whole economy because of possible data breach so there will be always some cash backing up those digital cash system.

Like gold bitcoin can also be traded directly as cash without need to exchange bitcoin to fiat and than purchase something and lets not worry about fully digitize economy because bitcoin is already a form of electronic payment so it doesn't require to be exchanged to cash. In future you may be able to buy anything with bitcoin over POS machine.

Oh, that's easy. Say you have an Amazon account and I have Bitcoins with which I want to buy something there. I treansfer BTC to you, with some additional fee, say 5%, and you order the item I want for me on Amazon. I'm happy because I've got what I want, you are happy because you've got extra money and the Amazon happy of course too. :)

Cashless society is the beginning of bitcoins .how can it end it ? People will go for bitcoin transactions as their currncy and it will slowly become more and more popular and the price of bitcoins would rise a lot .

If the government would enforce using electronic fiat cash only, the formation of black markets would be the result. Bitcoin is already here and it can't be easily banned. There will always be people, who are interested in using it for P2P trade. That form of informal business will only grow, if governments impose restrictions on financial freedom.

In a way that's true, but if people could find  away to purchase Bitcoins using the electronic or net banking or 3rd party online payment providers, then they could do this to buy Bitcoins and spend it anonymously. A cashless society could in a way reduce Bitcoin purchase cause people could have many other ways to spend their money and they may not necessarily have to rely on Bitcoins. Where Bitcoin could benefit from this scenario is unrestricted transactions, while Governments could setup restrictions on other electronic forms of payments, Bitcoin could prevail.

That is true. But many people would fear to use Bitcoins on the illegality. Governments would use fisical strenght if their ordens wouldn't be accepted, opression. Because of it many people would surrender to the tyrannic orders, using only fiat instead of btcs. Only some rebels would keep the bitcoins world alive, but the climate of instability would be always present... The most powerfull rules, no arguments against it.

At the moment there's not many ways to get Bitcoin without cash or at least fiat. If the price rises a lot many people will be afraid of exchanging their local currency to Bitcoins, at least that's how I see it. Of course the answer is buying a fraction, but will this switch ever happen? I can't imagine my grandpa withdrawing his life savings to buy Bitcoin, can you?

there is already a wrong point in your statement, "if government etc..." first and before everything, there is no single government controlling the world hopefully, no america it's not the only government, so killing bitcoin there will not make bitcoin useless, bitcoin will never depend on an authority ever, so if amazon will never accept bitcoin, bitcoin will be used on the street or on other shop, no central autorithy that rule everything will ever exist imho

Bitcoins are only doomed if Amazon doesn't accept them? I mean that's what your post comes down to. You do realize that they don't accept bitcoins right? So ... What is a possibility for you is actually a reality.

You don't need to buy bitcoins. They're money. You can earn them like how you would with any other currency. Just because one business doesn't accept that currency doesn't mean it's dead. Let's assume Canada declared bitcoins are illegal and nowhere can accept them. Ok, we'll I still have some, and they're still worth $1050CAD as of today (assuming the market didn't drop) and I see other Canadians on here that I'm sure still have bitcoins and will accept them, it still has value.

Just because something isn't mainstream doesn't mean it's going to die. Just because something is illegal doesn't mean it's going to die. How many people do you know that own a Tesla? Same here, not a single person. Are they dead? Far from it. Do you have cocaine in your area of the world? I can pretty much assume it's illegal everywhere, yet it still has value (pretty high value actually). So the reasoning for your post isn't great.

Think of this now. Your coked out friend just heard that they now live in a cashless society. He needs a fix. He doesn't have cash because it doesn't exist. How should he buy his cocaine? Hmmmm.... What could he use... Oh ya, his outlawed bitcoins! Because that's what everyone else is using! Either that or a shitcoin like potcoin (rofl! Cocaine-coin anyone!?).

There's always going to be a market for bitcoin whether it's big or small. So get used fo it hanging around. Maybe next time post this from your main account instead of a shill so we can try to take it more seriously.

To the contrary, cashless society will make bitcoin go 100,000+ per coin overnight. As soon as they get rid of cash, people will go to bitcoin because it will be the perfect way to keep financial privacy as the physical cash is removed.

You might ask "but how people is going to buy bitcoins withnout no cash?" well its easy. People will work for bitcoin, and pay with bitcoin, just like they do with cash now.

Well if that happens, where no more paper money is available and only electronic ones are available, I think you could still use bitcoin. Only the form of currency changed not the system of things. In the end, you will still find people wanting to trade Bitcoins for their "electronic money." Probably, if the currency will function like bitcoin, then bitcoin may become obsolete.

bitcoin can be easily deposited in neteller/skrill from where you can withdraw in bank.

any money exchanger will work.so cashless society cant remove bitcoin

I think there is no chance to cashless society to kill bitcoin. Bitcoin is the new word in all financial system and it cannot die, it can transform in something different or to add something to it's system what will follow the interests of the society.

It will not kill bitcoin, instead it will rise bitcoin popularity, bitcoin is already exist with a form digital currency. There's always have a way for bitcon.
The government just create centralized digital currency which just turn their fiat to digital form. If you talk about bitcoin into value use cash pair, the value is more worth, you can use it to buy everything, since it's designed P2P.

Amazon can't kill bitcoin just because their not accept bitcoin, otherwise they will miss the party.

I don't understand how cashless society could kill the Bitcoin. This has no sense because Bitcoin represents cashless society, it's digital currency that has no paper banknotes, it exists only virtualy. So Bitcoin can only profit from the cashless world but to my opinion we will have to wait for a while before cash disappears entirely.

In this hyphotetically cashless society, BTC isn't allowed and only official government currency is allowed, but not in paper, only in virtual world. That is mean a virtual currency, but controlled by government, centralized, total oppost of decentralized Bitcoin. Could Bitcoin be killed this way?

I think bitcoin can survive without cash, cash is only the medium we used to put the value, so even without the cash bitcoin already has it value, if one day the government discard all of the cash and change to electronic payment, it won't be any effect to bitcoin, because it's only fiat in digital form, while bitcoin is a decentralized digital currency, it is two different things

A cashless society would mean that bitcoin is well and thriving.

This is the wave of the future, going cashless.  And people want to, it's not just the governments.  People hate carrying bills and change and all that.  I see people paying for their Starbucks with their phone 9 times out of 10.  It scares me, honestly, but nothing I can do.  As far as bitcoin goes, governments are going to regulate it.  We've already seen that.  But it's not something that governments are going to kill.

I just want to clarify that cashless society could not kill bitcoin because bitcoin has its own way cashless options and is already doing online transaction which has advantages over fiat currency. If world of fiat will crash and thats the time we can tell bitcoin is killed already but for now bitcoin and fiat economy health is both 100% better for me.

you're right bitcoin is already cashless society because we already chose to put our money in bitcoin because we believe about bitcoin features and its literally doing its promises to us. and bitcoin was not been created to replace fiat. its totally secured and we can send and recieved through bitcoin so fast and more reliable than using remittance center. thats why bitcoin is just a back and if the fiat system will disappear it will dont affect the bitcoin society.

then how if you live in a country which deny to legalize bitcoin but they're doing the opposite thing,banned bitcoin and then you will forced to use their own digitalized currency which could be traced everywhere and in the same time you want to buy bitcoin. if they make regulation after banning bitcoin and you get caught for buying bitcoin maybe you will sentenced. you're not going to buy bitcoin didn't you?. if the whole world doing that then bitcoin will come to an end. but i hope it will never happen

"The question isn't who is going to let me; it's who is going to stop me."

Ayn Rand

Bitcoin itself is part of that cashless Society in my own opinion. Though bitcoin is using another system or technology but bitcoin will play an important role in these new Virtual Society.

Not at all. I think that now some people tend to choose fiat not only because it is regulated by the government but because it is material as well, so they are sure they have their money. If all the currencies become digital then fiat loses this second advantage of it. The differences between btc and these curencies will be seen shraper as well, because btc  gives freedom when govermental currencies will look like bad copies of btc trying to take people's freedom away.

I really what to understand what is going here because Bitcoin in itself to me is cashless because of the btc I have earned even on this forum I have never seen the live Bitcoin or own one. So, how will two cashless situation negates each other. I am waiting to understand...

If governments decide one day to ban bitcoin then  they would better have a way or another electronic currency that would be used , people are more and more starting to switch to a life where everything is being used by internet and they want to do the least amount of actions to get what they need and paying is one of them so if you tell them that you can pay your bill with only one click they would start doing so , right now bitcoin did not have the best promotion or advertisement that it need it so there are few who use it and few companys that accept it as a payment, so when the time is right all the world would switch to bitcoin.

A cashless society does not kill Bitcoin, it just acts as another series of valued digits on top of the ones offered by the government.

Right now, people don't really care for a lot of the cash we do have available to use, but people still use it. There are too many things that can go wrong with a completely cashless society that it likely will never fully disappear. We'll likely always have the combination of valued tokens and digital value.

A cashless society would lead to cryptocurrencies flourishing, in the normal course.
If the government manages to wipe out cash, they would make Bitcoin their next target. And whether Bitcoin can survive that is a different question.

A cashless society would cause people to seek other payment methods, and that includes Bitcoin. If Amazon didn't embrace those methods, it is more likely to damage Amazon than Bitcoin imho.

It's simple bitcoin is backed up by dollars. If dollars will vanish today including all other fiat currencies then bitcoin will lose its value. Remember that bitcoin is not yet a fully pledged legal tender and so we purchase bitcoin using dollars. Without fiat currency cryptocurrencies will be reduced to numbers without a value. And the reason is the world is not yet ready for cryptocurrency to dominate the economy but possibly in the future bitcoin will be independent.

Several users have quoted the question to be senseless. We are now a part of digitalization and when cashless economy gets prioritized the fiat will be backed by gold but we use it in a digital form. So this decreases the use of bitcoin as a currency and as a potential investment. But everywhere digitalization is not possible, for which I believe OP's question is right.

I think the answer is no, it couldn't. Although governments want to have everything under their control and thus they don'y like BTC much, Bitcoin exists now and it seems that nothing could prevent its existence in the future. Also I think not all the governments are alike so even if BTC will be banned by some it will be accepted by others.

No it can't but the demand will surely decrease as well as the price because many people will be afraid to use bitcoin cause it is already stated in the law that its use is forbidden but there will be always some people who are courageous enough to use vpn or tor netwwork and these people will keep it alive.

Pardon me but I do not see that it's forbidden to use bitcoin, in fact the adopters are increasing so that is a good sign to think that people are having trust and confidence of bitcoin. A cashless society would be great only for online people but it would not help the majority of the population at all.

You are right,but a the cashless society is just a dream.

A cashless society will be a way for the goverment to take full control over our money and our lives.

Bitcoin is an alternative to fiat money,but also an alternative to this idea.

If Amazon and any other multi national is not happy to accept my coins I will buy goods from another one that is friendly with that. But  let speak seriously; do you believe that Amazon will not accept btcs when microsoft, dell and some others have already accepted? When amazon see its sales dive in not only bitcoin but some other altcoins will accept as a means of payment.

No no it will not kill the society at all .as the government may implement digital and go cashless like prime minister narendra modi , that would led to a hike in the price of bitcoins and more and more people will go for investments in bitcoins.

Bitcoin is also a digital currency but it is different from what the government is planning to make, they have a similarity as they can be done using online transaction but the decentralized factor of bitcoin will always remain and the government will stick to centralization. Two differences that only people will decide where to adopt, and as what I have seen, people are more fan with bitcoin.

We cant still conclude on where people would switch its either on bitcoin or the coin thats being created by the government. We would definitely switch into cashless society in near future because technology is fast evolving and most transaction on near future would be cashless and government will surely make their own money and they would really not adopt bitcoin because it cannot be control.

But mate how would it affect bitcoins users ? I mean ok let the people use the government apps but how would that make a downfall to our user base ? No chance !
Yeah though the buyers of bitcoins would decrease since they would fear that the government might question those transactions where bitcoins is listed even if buying or if selling.

Indeed I had the same thought since a cashless society means that people would start accepting new currencies and processors. Moreover people would also have to change their stubborn mentality and hence they would learn about new systems and their working which means we would get more and more users to the bitcoins database.

I do not care one Beanie Baby how fluffy a turtle you is, we AS A SOCIETY is going cashless.  Up there in Candida, they already nuked the penny which you need about 10 thousand of jist to purchase a stamp.  Then all these here Oriental countries is 86ing them big bills, an' no one in North America can stand whippin out dolla bills thet you know have been up a stripper g-string more times than anyone could count.  Cashless is clean an' easy.  So how you think that gon' kill bitcoin, which is 'bout as cashless as you kin git?  You tell me.

I am from Russia and recently I was reading on bitcoin news that our gowertment plan to make a commitment to pay the tax to government for all bitcoin users. So they going to count bitcoin as profit. Isn't that mean that Russia is planning to admit bitcoin as currency?

probably it is right. I have ever seen on TV a community who do not have any currency. they only eat from plants where they live. and no internet connection there. they even do not have any electronic stuff. but they are fine and do not think to use bitcoin. so I think OP's opinion is better.

I think cashless society is a bit scary, depending too much with internet is too risky, i admit that having online payment is far more efficient than cash and it is easier to used, but there are so many threat using online payment

I think it will not even happen, we cannot live in a cashless society as all people has no idea with online transaction. In some part of the world, there are still people who do not have an idea of what is computer and internet so they will not adopt for sure. Only people in the rich countries will be adopting a cashless society.

Yeah actually government like in India are trying to make their own apps and hence more and more transactions would be under their eye and hence they will catch the tax scammers easily.

The problem here is that we would need to give information about each transaction since its done with the govt. app and hence we would have to tell that we bought bitcoins which the government would never appreciate :(

Yeah it is a win and loose situation because people would for sure get used to new processors.

But at the same time they would be more prone to using the legal or I should say local government appreciated systems.

Though there won't be a decrease in the bitcoins users for sure, and the only possible thing is that the population of btc users would increase but the worry is that how would shops accept bitcoins when they would have some legal systems built fort hem by the local government ?

I am afraid your thought is wrong. In my country the tax legislation says that an investor with a portfolio of stocks and bonds when sells a part of these stocks pay a percent of fiat money as tax. Although I don't live in Russia I believe that your government considers bitcoin as a similar asset as a stock. Maybe you have the same rationale in Russian tax legislation.

The only way to kill bitcoin i do know is turn internet off, without internet there is no bitcoin, but with such act we will start world warIII, and will be people against their governments. Since isnt going to happen, the only way to kill bitcoin would become into control the 51% hash or buying all the coins at all exchanges, and then expose the adress in control and the total coins, but this would be a waste of resorces.

You don't need to kill the internet to kill Bitcoin, you just have to be effective with preventing people from using it through whatever means possible. A cashless society would be one way to prevent the money from getting in an out of Bitcoin via exchanges.

Cashless societies make everything more difficult, but it is entirely possible to work around the issues presented.

If bitcoin is to be chocked financialy by financial institution, there would need to be some special corporate law that allows banks to refuse its services. Right now the corporate law protects itself from government not helps governments. Thinking there is an outright cooperation and could be an outright cooperation outside of a pseudocoruption by lobbing is thin foil hatting.

Right now corporation is a king and governments are their hostages. Corporation would not help or cooperate with governments. They own them to some extend, but goverment needs to pretend its for the people. In theory it is, but its a dog that have two masters. Us and corporations.

If that online payment processor would developed in the future then people will surely use that because they know that it is implemented or regulated by the government which means it is safe to use and i think people will more use that rather than bitcoin but there would be still users on bitcoin because they know that advantages of a decentralized and a centralized coin.

My theory is that, if the government wanted Bitcoin dead, it would be dead by now.

Not only was Bitcoin legalized in 2013, you can argue that its rise in value is also due mostly to support by state actors rather than real-economy demand.  (Sure, Chinese have been piling into Bitcoin to escape the yuan, but that is also due to the above-mentioned support.)

The reason governments want Bitcoin to stay alive is simple: since their monetary-financial system is inherently unstable, they don't know when they will have to support their own currencies by pegging them against a 'hard' money, like gold or Bitcoin.  At that point, the alternative is a total collapse of their financial power.

Compared to gold, Bitcoin is cheaper to acquire and less embarrassing to embrace, from the governments' point of view, since they can claim they are modernizing the system by using crypto.  (Compare that to having to increase the pegged price of gold to God-knows-what from the last price of $35/ounce!)

As Mervyn King (last Bank of England governor) wrote, central banks need to hedge their bet between paper and gold.  Bitcoin is just a new gold.  In an all-electronic world, you might sometimes be forced to pay tax on Bitcoin, but its value should basically hold.

The problem is that the big companies are yet not trusting bitcoins maybe because its impossible to track who bought what if they implement bitcoins payments, while the government of any country would ban that site from which they can not take taxes and hence most of the sites are not yet accepting bitcoins.

It's not necessarily so

Also, it is not clear which government you imply specifically. There are many governments out there, and all of them are different in respect to Bitcoin (if you meant to refer to them collectively). Nevertheless, the government may just have underestimated the potential threat of Bitcoin, and it probably still does so. On the other hand, is there any real threat coming from Bitcoin at all? Surely not if we mean major players like the US, EU, China, and their kind. Smaller governments are irrelevant anyway, even if they choose to outright ban Bitcoin, and they seem to understand that. Paradoxically, Russia also changed their attitude toward Bitcoin eventually, as I got it, mostly because of other big players being more or less loyal toward Bitcoin (so as not to be a black sheep of sorts)

Well I see it as battle of centralized and decentralized system where centralized have an edge over that decentralized system since the first one is supported by the government.  Having said that there is an authority behind cashless society, there is a big chance that it will kill bitcoin because it already do the supposed to be function of bitcoin.  Aside from same sort had been tested for several decade now and had been proven to work great unlike bitcoin which is at its early phase of development and application. 
So one factor that cashless society could possibly kill bitcoin by making the government to eliminate competition and that is banning bitcoin or same sort of decentralized cryptocurrency.

A cashless society may happen but it is not going to happen everywhere at the same time, it will happen sooner in the developed countries, but in poorer countries cash will keep on existing so a possible solution for some time will be if you live in a cashless society is to buy cash from other countries and then use that cash to buy bitcoin and once you have it you can use the same channels as before to buy stuff with bitcoin like purse.io.

I agree with you on that, the fact that majority of the world's population are still living in poverty, they are not subject for a change in the future as they will still continue with the old ways.

That poverty is really a problem that can't be wiped out from a century ago until now or even longer and it means that waiting until poverty cleared is such a waste of time. Technology must be developed with the cheapest possible to make those poor people could afford the technologies thus they can be getting involved into cashless society

The biggest problem is that our current economic system also creates poverty, capitalism in its truest form relies on having people work for as little money as possible.
Companies will always try to skim the rules and do have any morals in general.

Poverty is a problem that has been with humanity since the beginning and there does not seem to be a solution for it, in fact technology seems to make the division even larger, for example in the past when there was not much technology everyone needed to walk to go where they wanted, now the poor still need to walk to reach whatever destination they may try to reach but if you have money you can go anywhere, in a car, a boat or a plane.

yes that is right to say, i think in most of the developed countries most of the people are doing online shopping and they do not use cash, the trend is now even increasing in poor countries, i think after some time almost all the people will stop using cash and they will give preference to online payment.

A cashless society could kill bitcoin because we will see fast and easy to use systems that the mainstream will love. Just looking at success stories like Venmo, AliPay and WeChatPay and many others show how it could be done right. Thousands of transactions in an app that everybody loves, centralized secured so that nobody will ever lose its funds naturally, low fees and many other benefits.

How could a slow Bitcoin, that is semi anoym, with bad user experience, high risk of losing brainkey, high risk of getting hacked personally compete with such a system? Bitcoin and other digital currencies have to improve dramatically to provide a real alternative to the mainstream. We still have a long way ahead and if I look at the Chinese FinTech markets, Bitcoin is losing to the mainstream rapidly.

Lol what the hell? Stick with fiat because clearly you aren't seeing the basics of bitcoins to be beneficial. Slow? Transactions are instant. Fail. High risk of getting hacked? Then you're too dumb to google how to securely make a paper wallet or too cheap to buy a hardware wallet.

Bitcoins aren't going to be the only currency someone uses but that doesn't mean it can't be mainstream.

I use bitcoin to store wealth and rarely use it for transactions. IMO that's where bitcoins are a win.

As described its better to make a technology advanced as well affordable and accessible by poor people which helps eradicate poverty. Another thing is that cashless environment makes the benefits from government to people directly without any intermediate which is good for poor.

A cashless society would give advantage to the government to easily function on their job, all transactions can easily be monitored and any illegal transactions will be trace directly, that's the fear of those who are doing illegal activities and even though from the legitimate users as we can never trust the government to serve the interest of the public all the time.

Fiat has many problems that we can solve with digital currencies, Fiat is still losing over the time.

Bitcoin transfer announcement is instant, yes, but the settlement can take anything from 10 min up. That is not instant and does add cost and risk to business who want to work with Bitcoin. We at BlockPay.ch deal with these delayed payments all day. If a supermarket wants to accept Bitcoin as a payment, the supermarket has to hedge the settlement time and trust
a) the payment service provider (BitPay, Coinbase, BlockPay, etc.)
b) the sender aka customer
c) the bitcoin blockchain and miners,
that no party involved delay or cancel the transaction. Of course, no merchant wants to let the sender/customer wait until the transfer has been settled. Would you wait 30 min at a supermarket until the bitcoin settled? Who will pay for the risk of a canceled Bitcoin transaction? What if a sender has a modified Bitcoin Wallet and can manipulate the sending process? What if the sender set the mining fee so low that the transaction will never be cleared in the future? All these time issues are harming the business and are adding extra costs and barriers to accepting bitcoin as a payment option.

With social engineering, you can hack almost anybody, exchanges and bitcoin celebrities are a popular target nova days. How should business like Amazon start integrating Bitcoin payment solutions easily? They could easily get hacked and lose their funds. Paper wallets can be secure but are not practically for business. We need to build scalable backup solutions that allow you to store your private keys in the best matter. The solutions might even allow you to retrieve lost keys. Think about the average Joe cracking his phone, how will he ever get back his bitcoin? Bitcoin is a great invention, making everybody a bank, but do we all have personal bank grade security in place yet?
Regular financial service solutions will be a more expensive, but easier to use, less risk of getting hacked, and come with a fraud insurance.

Bitcoin apps are not easy to use yet, most mobile wallets lack any good design and struggle to introduce normal people to the world of Bitcoin and Altcoins. I still see a long way ahead for all of us to reach a broader user adoption.

Don´t get me wrong, I am pro digital currencies, but I see many problems we have to fix first before we can reach a global mainstream. The race against fiat is on!

Even though there are news that are coming out since the past years that cashless society will be implemented soon with the use of microchips. I bet it that the government will ban bitcoin. There are a lot of financial experts that will volunteer to have sometime to give detailed explanation to the countries that are going to do it so. And instead, they don't have to make their own digitized currency they can simply adopt bitcoin so I believe that bitcoin will not be killed easily because of it.

I think government would rather create their own digital currency than adopting bitcoin. Government are not dumb to handover its Country's economy to Bitcoin whales.  It is the same as giving your country;s fate in foreigners hand.  This is one big problem why bitcoin is struggling to be adopted by any government.  Aside from that, government would favor cashless society because of the control the government always wanted.  And mostly the one stated by Chris4210x (https://bitcointalk.org/index.php?topic=1713624.msg17344387#msg17344387)

Government will not going to waste their effort creating a new digital currency but just digitalize what they've owned so it's like dollar have its digital form just like bitcoin in internet and i'm sure that it's already happening if you look at some webmoney that having balance in form of those currencies which were owned by the government

That is unlikely to happen since bitcoin has been a big help in each country and it is still in process and would take many years before it happens. However, if that happens there would still ways for bitcoin to still exist. I know that time bitcoin is already well developed.

I don’t think that cashless society will kill bitcoin, quite the opposite in fact, people are starting to relay more and more on using credit cards and digital money, and they are using internet in everything which means that the bitcoin may become the best alternative for cash and credit cards.

Yes, cashless society will make people to search for alternatives and they may finally find out the benefits of adopting bitcoins.

Was it a subtly hidden sarcasm, or are you really serious?

In any case, I don't think it is a good idea overall to give any advantage to the government since when the government obtains an advantage, it usually uses it to serve their own interests in the first place. It doesn't really matter if you are law abiding or not since you are just made to follow the laws which you didn't endorse or give approval to. You should be your own law and responsibility, and Bitcoin is there to help, so to speak

The fact that something is loved by the general masses does not mean it is better, just look at movies, food, television, or music and see the bad quality for yourself, bitcoin is not perfect but it offers many things those payments will never offer and are not interested in providing it.

Seeing everyone's opinion is a good summing up each contents that is possible to happen. I understand the fact that you are not seeing government's adoption of bitcoin because of its decentralization and so called control by the whales. But talking about its ability to make our lives easier as technology is, bitcoin does what it takes to be adopted that the government needs to study its potential.

Even us users do really saw the potential of bitcoin regarding on its benefits and convenience but government wouldnt still convince them to use or adopt it because they know already that they cant able to control it therefore they would surely create their own replica into bitcoin and im assure it would spread fast because its being regulated and people who dont know bitcoin will directly believe into it.

They can however, create a modified version of bitcoins where it is centralized but has all the great features of bitcoins like the blockchain. The ultimate end of it all is that there would be a digital currency that would replace fiat. It is just a matter of time before it happens. Governments will adopt an electronic financial systems that will be smarter and better than fiat or even bitcoins.

What I understand is that you mean that the world is going cashless like only through banks and only through online and without physical money, this is true but this is good for banks as they don't spend money to print them but just by changing the digits on their system but I don't think that this could kill bitcoin because we already see the range of bitcoin and it's popularity.

This is better I guess when the government will create their very own modified bitcoins, but how they are going to call it? It will be 'modified btc' just to give credit for where all the credits and idea came from? And also making it centralized will be good for them so that they can have full control for everything, also they can just reproduce it.

This is correct and we would surely reach that point on the future on which we do have cashless society and they would surely get those features from bitcoin because they could see the usefulness of it.If this thing would happen then bitcoins adoption will surely slow down because of its existence and only people who will still use bitcoin is the one who knows about its decentralized aspect.

At first I didn't really get this post but I still made comments but just recently I just find out that something is happening in las Vegas, people from financial institutions and banking systems have gathered and meet on how to use and integrate blockchain technology into the banking system, and China is creating a virtual currency to replace Chinese Yuan. This is a sign that possibly bitcoin will go bankrupt sooner. Maybe a cashless society will kill bitcoin after all.

This idea is stillborn as has been explained many times already

Whatever the government might create to undermine Bitcoin (provided it ever comes to that), that will eventually play against them, since copycats are not very tenacious overall, just look at all those useless and worthless legions of altcoins. People will use such a currency for some time and then switch to Bitcoin, raising its even further ("to the sky"). Other than that, you simply can't create a centralized version with the blockchain. The blockchain technology by definition means decentralization

yes i think bitcoin will make them to think about their own digital currency, actually the governments can understand the importance of bitcoin after accepting it by the people and giving importance to it. therefore they must start tier own cryto currency to fulfill the requirements of the modern age.

A cashless society will in fact promote bitcoins as more and more people will start using digital payments or bitcoins. We all know bitcoins is the father of online transactions just we need to get it accepted at big stores and sites.

I agree that when a government create their own replica of Bitcoin, it will be absorbed by people because of this reason.  They have the authority.  The created replica will automatically have valuation depend on how the government decides its value making merchant more comfortable in using them than the high volatility Bitcoin.  Aside from that, either the masses like it or not, it is an implementation, there is no way for us to reject it unless we go out in the street but i think that will be futile.  This replica if approved by group of commerce will then be used by companies and then may apply it to their payment system for their employees.  


Seem you mixed up your details. 

As far as I know online transaction was made possible way back 1979 when Michael Aldrich invented online shopping.  I don't know if Bitcoin  exist way back that time.

You can read more information here : https://en.wikipedia.org/wiki/Michael_Aldrich

Lol ya wtf was he talking about? Freaking foreigners on this website holy crap. I can't understand what they're trying to say half the time.

@OP is obviously wrong. If there's no other currency to deal with then theres only cryptocurrencies left. What a stupid idea. Oh no I can't buy bitcoins with cash, I just earn them. Durp.

im didn't know that the father of online transactions is Bitcoin  ??? .By the way a cashless society is the one step that we are living in futuristic world.

It is not easy to make your community or society cashless because people are addicted to make cash pay , which is traditional .
But instead of incoureging few people to adopt digital payment , we should make some campaigns , So that we can explain about this to all person together .
In this way they can easily adopt online payment system , even they can enter in bitcoin Job also .

Well for me no, It won't kill Bitcoin. Among other online currencies, bitcoin's features would prove to be the most beneficial and easy to use for users. If it comes to a time when all transactions are done online, bitcoin definitely would thrive. Though of course in today's time, cash is still a necessity for people as most transactions are still done through it, even bitcoin needs to be exchanged to cash most of the time.

I would have to disagree with saying that bitcoins the father of online transactions, (VISA+Mastercard are) If you look at this article

http://www.retailgazette.co.uk/blog/2016/01/ps114bn-spent-online-in-2015

It says that 114$ billion euro was spent online in 2015, bitcoin cannot come anywhere near that. To put it in comparison, 114million bitcoins would have had to be traded to match that. Now you might say, well that is possible if you consider the bitcoin traders/daytraders, if you consider them part of online spending then you would need to count all of trillions that are spent on the NASDAQ/DOW/S&P. Which would blow bitcoins out of the water

I don't think that it will cause for bitcoins fall down because of cashless society. Since the idea came from bitcoin and those agencies that wants to integrate with blockchain technology so how that it will be the cause of bitcoins death if they wants to collaborate with blockchain technology? And for those Chinese people even they will have their own virtual currency still many of them will stick to bitcoin.

Sure, it is not easy to make people to go cashless. It will take time and efforts from the side of the Government. But once people see the benefits and uses cashless means for payments, Bitcoin will start to gain massive attraction.

Bitcoin is too small to be a threat right now (so that is another reason to buy it at this price.)  The US-led system has clearly seen it as an asset rather than liability, for the reason I stated.

If the major governments present a united front (as often has been the case when the imperial system was strong, e.g. the IMF stipulates no member may anchor its currency with gold,) and if this united front doesn't want Bitcoin, Bitcoin would probably be dead.

Right now, only the West, plus Japan, Australia, etc. support the imperial system.  Russia and China are not (fully) co-operating, so that is another reason for buying Bitcoin, (similarly for gold in this case.)

So they will have to make it into the UN Security Council to outlaw Bitcoin on a world-wide scale, right? I'm not talking about under what guise or pretext they are going to ban Bitcoin (money laundering, terrorism financing, climate change, etc), my point is that it would mean in effect recognizing Bitcoin as the threat to all "advanced and progressive humanity" as Joseph Stalin put it and, at the same time, its strength. The main issue is that governments today don't have as much power as they had some fifty years ago, and they may lose this battle in the end...

Bitcoin is parasitizing on fiat making use of its weaknesses, and while there is fiat there will be parasites

Remember that it will all take time. But I expect it to happen in next 5 to 10 years. And I don't see how bitcoin will fail when people go cashless. There are only ways for bitcoin to flourish!

This is just waiting the time, many peoples said if bitcoin will banned by the government and then will die, but until now its never happen.

Unless one implements a form of anonymity in bitcoin, bitcoin is a privacy hell as compared to electronic fiat cash.  In fact, I guess it would be a dream for all agencies of whatever nature that want to audit people for their behaviour, that people use bitcoin.  Bitcoin is a privacy nightmare with its transparent ledger as it stands today.  Electronic cash (fiat) can only be audited with a special request, but the block chain is open to read and analyse for anyone.  It propagates real world knowledge of transactions like a bush fire.

We can only hope that by the time they consider bitcoin a real treat, our technology is robust enough, and private enough that we can bypass all the government 1984 tier surveillance. Make no mistake, it is only a matter of time until US, EUR China and Russia start banning bitcoin, some other places may follow. Governments hate to not have control of the monetary policy, they will not give up without a fight, so bitcoin and its community must remain strong in order for freedom to finally win.

What the hell!? You think electronic fiat transactions are more anonymous than bitcoins? With bitcoins you can mix your coins, how the hell do you do that with fiat? Run a shady drug ring out of your backyard!? Come on man. That doesn't make sense at all.

Seeing a Hero Member saying this is astonishing. Okay the ledger is public, and in the only purpose that if someone wanted to verify that someone possesses what he claims to own, or cases like that. You can know how much one possesses, but only if he choose to let you know, and that is the beauty of the thing. NSA can not know how much I have if I do not want them to know.

I think he is not talking about fiat transaction or electronic transaction is not anonymous he is just talking about special request that honestly we i never experience that there is special request in electronic cash to transfer or sending or receiving ..
Bitcoin is anonymous even you do not need to use mixer.

Yes bitcoin is anonymous but these days there are ways that bitcoin transaction could be tracked already thats why some really need to use mixers to increase the anonymity features of bitcoin.Cashless society would really be on the future and electronic payments and transactions would be there it might affect bitcoin somehow regarding on adoption but it cant kill bitcoin.

Going cashless is not that good, since you are going to leave a record somewhere of your transactions, one of the good thing a bout cash is you can buy stuff and it is not reflected anywhere. So I see a cashless society where people still use fiat as a terrible idea for those that are concerned about their privacy.

I disagree with the OP. A "cashless" society would even benefit Bitcoin.

Electronic payment systems are eye-openers, they show people that there exist other methods than cash and credit/debit cards (that also are "cashless", but their usage is more similar to that of cash as you don't need a computer or smartphone to use them).

If some governments would forbid Bitcoin payments to large companies in some countries (like in your Amazon example) then let me remark two things:

1) there are a LOT of governments and countries, it's extremely improbable that Bitcoin payments to large companies would be banned in all or even a majority of them;
2) if Bitcoin is popular and there would be only companies from a Bitcoin-hostile country (e.g. the US with Amazon) banned from accepting it, there would be, very probably, other alternatives in other countries.

What could kill Bitcoin is a "moneyless" society. I think that's less utopic than it sounds. (Take the open-source-software business: it's already largely money-less). In a few decades, maybe we'll not need the USD nor Bitcoin to get access to goods. Then Bitcoin, probably, will die.

Well if India is anything to go by, then you are right - there wasn't much interest in bitcoin there at all till the withdrawal of the notes in circulation.

"mixing bitcoin" is a somewhat clumsy way to obtain a kind of anonymity in bitcoin, but you need a third, trusted party for that, and (shady ?) partners that want to mix too.  With sufficient effort, such "mixing constructions" can be obtained with fiat too if you are allowed to trust third parties.  The bitcoin protocol IN ITSELF doesn't allow any form of automatic anonymity.   
The point is that mixing is clumsy in bitcoin, that most coins aren't mixed, that the mixing itself "colours" the coins, and that non-mixed coins, with the network of change addresses and combinations to arrive at the right amounts of payment, are propagating real-world knowledge to *anyone*, not just to banks and law enforcement if they obtain a warrant for it.

If I'm a plumber, and I get paid in bitcoin to repair the toilets in Joe's bar, and then I give some of those coins to Mary, who is my friend, and Mary goes and has a coffee at Joe's bar, then Joe can EASILY find out that the money he gave me to pay for his toilet repair, ended up in Mary's hands, so that there is a link between me and Mary.  If the same is done with fiat, Joe doesn't know such a thing.  Bitcoin's ledger is propagating real world knowledge like a bush fire.
Yes, I can mix my coins.  Yes, I can do 20 transactions between my own accounts and pay a lot of fees to "hide" this.  Joe will nevertheless see that Mary got the bitcoins he gave me at a certain point, even though now Mary COULD also have obtained them from a shady drugs dealer on the other side of the world I happened to mix with. But what should have remained (innocent) private information, is shouted out to the world with bitcoin's transparent ledger, and to even try to hide it takes me a lot of effort, and the necessity to trust a third (mixing) party ; while with fiat, that kind of innocent privacy comes automatically.  If Joe has paid me with a wire transfer, and I gave money to Mary with a wire transfer, and she paid with her VISA card at the bar, then Joe cannot know in the most remote way that the money he got from her was the money he paid me.  Actually, in fiat, that doesn't even make sense, because bank money is fungible while bitcoin isn't (by definition, every coin has a whole history to it which distinguishes it from another one - apart from a mixer operation).

Look at the answer in my previous post.   I fully agree that *if there is no real world knowledge* then it will not be propagated (obviously) on the block chain.  This is probably the kind of anonymity Satoshi thought he implemented.  But using money means of course giving out real world knowledge about a specific transaction.  Most of the time, the buyer and the seller know each other (it is even legally required, with KYC).  That a buyer and a seller know each-other, and know the specific transaction between them, is normal.    However, that this knowledge (to the buyer - emitter of coins - for future information propagation, to the seller - receiver of coins - for information propagation in the past) LINKS to other transactions is the privacy nightmare of a public ledger.

In my example of me, the plumber, Joe and Mary, Joe received future knowledge as a buyer about MY transactions ; Joe further received coins from Mary, which propagated information backward about HER transactions.  When he combined both, he found out something new, namely that I (he knew me) transacted to Mary (he knew her).

The fundamental error in thinking that bitcoin's pseudonymity implies transaction anonymity is by looking at addresses and transactions in an abstract way.  Of course, there's no way to find out, JUST from looking at the ledger, what real world identity is connected to what bitcoin addresses or transactions.  But that's not the point.  ONCE you know something, and with use of money, that's very normal, as money is about agreements and interactions between people, that knowledge
PROPAGATES.

I agree, once they would start freezing bank account randomly, and people could not buy a piece of bread and starve to death because there would be no other currency.


Then people would quickly realize why it's important to have a decentralized payment system and currency.



It would exponentially accelerate the use of Bitcoin.

How the hell would they freeze bank accounts? It is done for a reason, especially when you violated laws.

They... just freeze them? Government order or bank choice? The thing is a cashless society makes it exponentially easier for a government to maintain complete control over their citizens because it can freeze accounts of political enemies or people who want to think outside of the system, or critiques of the government can find their entire bank account wiped, frozen or they can be blacklisted on the system, preventing them from ever making their money.

If you don't think governments do this, you haven't been paying attention to world history. It happens over and over, just not in the exact same way.

Haha you are too naive.

They will just freeze your bank account for any reason. You know laws change every time, and if for some reason some Orwellian Nazis take control, then we are all fucked.


The scumbag Nazis froze and confiscated Jewish bank accounts in 1935, no trial, no hearing, just like that based on a hateful racial ideology (https://en.wikipedia.org/wiki/Nuremberg_Laws), so what makes you think that your current govt has your best interest in your mind?

It can happen again if totalitarianism comes back.


Just read this thread:
https://bitcointalk.org/index.php?topic=1738530.0

In the movies happens all the time, in reality even more times, innocent guy get arrested and prosecuted. What are our options, that is the point here? What we can do if we become unwanted in eyes of law?
Maybe this duality is a good thing, to have bitcoins and cash in the same time. In that way we will always be able to choose what we suit more.

That will never happen for ever in all the countries even if it happens, it will not find significant impact.

Government will emphasize cashless society just to fight against black money and corruption but that will help bitcoin to get popular among people as they will find more advantages rather than using other traceable e-currencies.

Then Government may take bitcoin favor or against decisions but bitcoin will get rapid adoption among cashless society regardless of their government's stand.

by banning bitcoin can't really make it die, just for example, so many governments around the world working together to eradicate piracy but they're until now fail even all of the country around the world working together, and if bitcoin users are still want to use it then it's really hard to be eradicated as hard as piracy which is spreading around the world

Cashless society is the Credit Card and Debit Card Users right? its a totally different market and would not affect bitcoin society. most of them come from rich and the upper class and capitalized on the new thing like bitcoins to be more richer.

Yes, will not have an impact for the bitcoin user. Marketcap bitcoin is already very broad and diffuse, if any cashless surely won't affect anything, the proof is the price of bitcoin thus rose in recent days. I sure this year is better than 2016.

Bitcoin is cashless as well, so they are both good for faster transaction, what advantage bitcoin has for us is we have no restrictions to use our money at whatever we want to spend it with. There's a lot of rules to comply when you are using a regulated digital currency and you have no freedom at all as you are obliged to follow the rules otherwise you will have to pay the penalty government has imposed.

I agree with all the comments that followed this post about naivety of your thinking, namely, that governments who themselves issue the laws for us would require a special request to trace your fiat transactions, and from whom exactly, from God? I just want to say that all fiat transactions are already traced. The transactions that involve transfers of huge or just large sums of money are surveilled right on the spot. If you think that you can get away with a lot of small transactions, you'd better abandon that hope, all transactions are traced and if their total exceeds some threshold amount, they also get instant attention from anti money-laundering and similar agencies...

Basically, we are already well in 1984 regarding our financial life inasmuch as it involves fiat

Most people still use cash, the only people that don't use cash are indeed the upper class that always have credit cards loaded with money. All those trust fund kids don't even have cash on their pockets, it's usually a big fat Visa. But even they still use cash sometimes.

The rest of the population use cash daily. By cashless society we are talking about all physical cash being removed. The impact would be huge and it would be felt within the entire population spectrum, this event will drive the price of bitcoin to unforeseen highs.

A cashless society to me means carrying out transactions without the use of Physical cash and to the best of my knowledge that is what is applicable over here as majority of transactions can be done even via the mobile phones or mobile applications and BTC is even still thriving as I dont see any competition as even BTC that I have is coinless without having a physical coin. So I see cashless economy as a platform and not a competition.

Maybe so. But that is not totally cashless in my opinion. Probably, a cashless society would be one where the state would be imposing to get rid of all the paper fiat currency and replace it digital currency they have created as replacement. This would, I think, would eliminate every digital currency in whole including bitcoins. But, the novelty of it being decentralized might save it.

How? What government? Tonga republic?

By who? Tonga republic again?

How and why would that go away?

I don't think there is going to ever be a society where money is not needed, open source software may not charge you money to you or anyone but if the software its useful the developers receive funding from large corporations to keep the project going.

The only way that a cashless society could kill bitcoin is how people will buy bitcoin if there is no cash, with the bitcoin becoming harder to mine many people don’t have the hardware of that so their only option to do so is buy using real money to buy so how will they do that if there is no cash.

Cashless society would mean that people have already converted all their fiat into a different currency that is not cash or fiat. In other words, literally every single paper money, every bank balance, has been converted into bitcoins or a currency which isn't fiat. Conversion from fiat to bitcoin is not a matter of problem anymore at that point. Assuming that bitcoin is our main currency in a cashless society, then the prices that are put in the stores are in bitcoins and not in fiat. There would still be price but only currencies that will be affecting bitcoins are altcoins.

I’m pretty confident that a cashless society will strengthen bitcoin. Banks they want a cashless world so as to have the absolute control of people's wealth. That means, banks will know every financial movement people they are doing and according their willing will accept or not their customers transactions. So, many people will turn to cryptocurrencies to fulfill their needs. Therefore more and more people will use bitcoins to buy/sell goods and services

I agree with that, bitcoin is cashless and we are just seeing an increase of adopters by the time it will happen. Government want to control people, so bitcoin enthusiast will remain in bitcoin to still feel the freedom and we can attract more adopters.

I agree, it need long time to withdraw and replace fiat money from circulation and totally switch to digital currency.
Talking about digital currency in the future, bitcoin maybe the best one and still exist.
It's an advantage for bitcoin if government decide to full adopt digital currency even if they prohibit the use of bitcoin.

If we cut out all the noise, and get right down to it, the best hope for mankind is for believers in state-free money to form their own independent state.  The majority of mankind will then learn from example the benefits of free money.

The free-money state will need to have these features to survive:

- Monetary as well as economic and political freedom.

- Military deterrence against aggression.

- Economic self-sufficiency and refusal to trade with non-free-money states.  Trade has been the route through which the dominant imperial-bubble-based world system has gradually weakened the sound money practiced by states with different monetary beliefs.

It is not pure fantasy.  This small state can survive by modulating its foreign policy carefully, i.e. not becoming an immediate threat to the world system, but only a long-term one.  Since the imperial elites only think short-term (if they thought long-term they would agree with monetary freedom!) they could be enticed to co-operate with the new state.   (I.e. it has both a carrot and a stick to use against the world.)

I dont know why but I do agree with what you are saying. For me it will be still impossible to see a world without cash. I just cant imagine it yet. That is way too long for a leap. Not now, not yet.

"I agree with you, I don't know why. But I agree with you." - Typical dittohead mindset. Research further this topic, I advise (or just read the whole discussion). Don't just agree and leave.

Just think of a whole new world that has screens almost everywhere for people to check their current wallet balance. Every shop will have a screen to show the transaction that you have made. If you've watched, Elisium, that's how it would look like. Maybe not the whole setting of the movie, but the ones where they pay some digital coins to buy something.

I think if the whole world goes cashless, It would indeed help bitcoin adoption for Bitcoin is also a form of cashless payment.
Many opportunity will pop up for bitcoin with cashless society as traditional fiat system is a great hindirence for bitcoin.

When someday our life is no more use cash/paper money and start using electric one, i think bitcoin is really suit with it. Bitcoin is easy to use and can be combined with electric too. But, we need to make sure that people also know about bitcoin and know how it works.

But that will take a big hit if the government will be the one telling that. A great value will be lowered with bitcoin. Some will not trust it anymore and might withdraw their coins. With that everything will come down. Until no one will support it anymore because of the big loss.

I think you meant "hindrance" not "hindirence". I'd like to think that the world has become cashless because mass adoption has already happened. It would suck if the cashless society would be something that everyone's using credit card or ATM cards. That's still fiat money and the government are still in total control. It would take a lot of time before we will become a complete cashless society so it would really be rubbish if all those time weren't enough for the mass adoption of bitcoin to not happen.

Should think positively, bitcoin is not come tomorrow or today, it has been spend more than 7 to 8 years, it is a long time period, but still during that period, no one government argue with bitcoin or any other crypto currencies. So i don't think that in future, we will be seen that any other government not accept the bitcoin. I believe every country want to facilitate to their people, and bitcoin is one of them.  
Also, i don't think that cashless society could kill the bitcoin, because you see banks and government are using better schemes for cashless way.

Thats just a typo and its already understandable for me and yes its hindrance not hindrence. Cashless society would be possible but same as you said it would really took long time for it to be implemented since government would create such actions but people in the world got used to fiat currency physically.

Yeah I think that is the real point there.
Considering there are countries that haven't been upgraded with technology, bitcoin cannot be done there.
So those countries will just go on a rampage and might make something that will make bitcoin invaluable.
If ever a greater percentage of the world will be making huge updates with the way their transactions will work then it might work even if there will be some groups that will oppose it.

Its the anonymity of bitcoin transaction that makes it very popular and keeps it going. Cashless society will not kill bitcoin its only it bitcoins doesnt become anonymous when people will stop using it.

A cashless society is just something thats too far to happen, I doubt that our generation will be able to witness it.  Don't worry, I think the government is not dumb enough to implement something that can't be used or might affect the economy . A cashless society will only be implemented if all countries agreed to it cause if its just a one or two, The economy will surely go down . If the cashless society ever happened, I'm sure there'll be a huge improvement on humanities technology and of course we should expect an internat connection worldwide (not just limited to someones house) for free .

The economy is already mostly cashless

So going totally cashless can't possibly make it any worse. In fact, cashless transfers made it possible to boost the economy since you don't have to wait when your counterparty from another part of the world brings you a pile of cash in half a year. Apart from that, you are obviously considering an extreme case with no paper money around altogether. But this is not what governments want because that would be prohibitively expensive to set up presently. And using payment cards (which basically serve to solve the "lat mile problem") are more handy overall than bills

The same thing as what I'm thinking, cashless society won't kill bitcoin. Instead bitcoin will inspire for us to have cashless society. I knew it that this will happen but just like what is happening now. The people are starting to look for more convenient transactions and that is because of the start of crypto currency specifically with bitcoin, this will start the legacy of cashless society.

The more I think about it, a cashless society would be the greatest thing to ever happen to bitcoin. Other than cash, no option is as cheap, fast, and secure as bitcoin.  It would be the most preferred payment method on the planet.

Spoiler alert: Cash is not going away. 

I agree, instead of declaring cashless society to be bane for bitcoin, it is actually boon for it. It is not the form of currency but the concept of currency which distinguish fiat money and bitcoin. So a cashless society, in place of discouraging bitcoin movement, will help it by removing biggest obstacle in its path i.e. Digital Illiteracy. If person knows how to use money on mobile, etc., he will sure gonna know how to use Bitcoin.

well in india this scenario is happening in actual, government is taking actions so that everyone in country can go cashless, they are really working hard to develop each and every payment  method in India to become cashless even they changed the currency recently. they recently declared bitcoin ban in india because of the amount of people getting scammed but still we think bitcoin is needed for the society

A final decision about bitcoin’s legality will hardly be made even on April 20 when a special committee created by the Indian government will be discussing the subject. Right now Bitcoin buying, selling, trading or mining is not illegal by any law in India.

As for the cashless society, this will never happen, not in our lifetime anyway.

Over here, a new cashless policy has just being implemented where it becomes more expensive to hold cash but after a careful study of this, I dont see its effect on bitcoin simply because most of the trades concerning buying and selling or bitcoin still revolves around a cashless society where you dont collect raw cash rather bank transfer and same thing the cashless policy is proposing to the society...

Bitcoin's strength isnt in doing daily payments that I could use a credit card or in the future digital fiat currency for. Bitcoin's strength is in censorship resistance and store of value, things that the government would have a very hard time shutting down. If they wanted to, the most effective method would be to go after exchanges and making it impossible for any company to do business with them. The vast majority of people dont want to keep their money in bitcoin forever.

Thanks for the encouragement, but I really believe that the top elites are smarter than to try to kill gold or Bitcoin.

As I mentioned originally, the elites themselves know better than others that their system is inherently unstable (because of the incentives it offers to the elites.)  So, yes, they try to manipulate things to create demand for their money and debt, and, yes, they will suppress gold (and probably Bitcoin too in future) to minimize the competition.

But, in the end, they realize that they need gold and Bitcoin.  If and when confidence collapses completely in their system, their last hope for keeping their power will be to peg their money to gold and/or Bitcoin.

Before imperial China went to physical silver, the country had lived through several centuries of paper money, and the entire monetary system was on the verge of collapse from inflation, even though the law was that anyone not using the state money was punishable by death.

To address the original point on its own terms (i.e. the idea that if the government ends cash, there will be no anonymity in trading Bitcoin:)

We can take a lesson from major events in history.  During the postwar Bretton Woods period, Western countries had free trade with each other, but there were tight capital controls (to keep exchange rates constant.)  So an American could buy German goods, but couldn't buy German currency (marks) or bonds, for example.

What import/export traders did was to build personal relationships, and then, say, sell something worth $20,000 at the price of $25,000.  The extra $5000 the American paid was used by his German friend to buy German marks for him. (The German could legally exchange all the dollars he got for marks, as part of the free trade system.)  And they would of course do this for themselves as well as wealthy people trying to bypass the capital controls.

The same thing has been happening with China.  So China's attempts to control capital flight is also leaky.  And I'm pretty sure many poor countries who trade with the West would love to stop their citizens from buying dollars and euros with their own currencies, but can't, because an importer can legally buy just a little more dollars than is really needed, after his American exporter friend increases the invoice price a little.

Take this to the personal level -- when all money is electronic, I pay my friend the shopkeeper $25 to buy something really worth $20.  For the extra $5, my friend will move some Bitcoin from an (already anonymous) Bitcoin address to my own anonymous address.  Thus, a market and price system for Bitcoin is born.

(This is a big topic in monetary economics.  The economists have basically concluded that 'if countries open up their current accounts, it's impossible to keep their capital accounts closed for long.')

I theorize that the payment method would be by a chip worn as a bracelet and you sync it to a scanner and the transaction is complete. It will then be embedded in the human body, fusing man and machines. Bitcoin will still exist and there would be such wearable hardware wallets. There would still be companies who exchange bitcoins for electric fiat currency.

So what I think if the world stops using cash and go back to the old days just like you said, is that everyone will race to get as much as the y can with any way possible to get the current way to pay for things just to dominate the world and become the most powerful, and that is going to create a conflict which will lead to war, kind of what is happening to oil right now, countries rush to get as much as they can from it.

Well definitely a cashless society will totally kill bitcoin because we all knew that money is involved even not in a real time it would be much easier to attract or invite a single person to be part of any online transaction businesses and bitcoin is one of an online part time full time business transaction.

Bitcoin will be the least of our problems is cash ever gets removed. Ironically bitcoin itself promotes the cashless society btw but i'll leave it for now.
When the cash is no more, i would expect asset prices like gold/real estate/land to go to full moon.

Having your cash on bank is all good if you live in a country without an evil government but that's very rare. On the other hand, There will always be dumb people and clever people. People who trust their instincts (their first instinct actually) are most likely to survive this shit. That's called evolution.

Long story short, if you invested in gold, don't worry. Nobody can harm yer ass. Bitcoin? It is still 1's and 0's in the and. Can go all 0's one day. Full trust? No. FIAT? I aint trust no gov. Fck that.

Can cashless society kill bitcoin? Fuck yeah it can. But you won't be concerning about that when the time comes.

I couldn't get a thing out of what you tried to say

How exactly a cashless society is going to "totally kill bitcoin", I'm curious? It seems to me that a real cashless society would actually promote Bitcoin use all over the place since all people will have to necessarily transact online, either directly via Internet or indirectly via payment cards. Either way, switching to Bitcoin will be a lot easier for people once they get used to cashless transactions

I do not think a cashless society could kill Bitcoin although it may cause an impact. It has been recently implemented in some countries that the use of cash shall be limited, and it goes without saying that sooner or later, cash will become obsolete in these jurisdictions. This move, of course, has its own benefits and drawbacks. Benefits such as faster transaction, safer, easily traceable, and etc. Drawbacks such as lack of anonymity especially for the un-banked communities, easier government regulation, to name a few. Regardless of the implementation of a cashless society by different government bodies, Bitcoins will still be a strong option because it exists without much regulation and that transactions using the same are guaranteed anonymous. People, especially those who belong in the substantially upper segment, would want to maintain their anonymity so as to protect their business interests. This is what draws the line between Bitcoins and the implementation of a cashless society.

Actually, every cashless transaction has consumes huge fees behind the financial system. Please surfs about this in Google and the Government cheats consumer in large via the Digital transaction.
Bitcoin will not comparison also with this idiotic fiat financial system. Just consumes all the money from the citizens and loot the money from us via taxes and other things. Bitcoin will be rock in future for sure.

And will there be such an opportunity? How do you say? It seems to me that the banking system and the government have not missed it, so you still need to expect some kind of dirty trick if you decide to tackle the crypto currency.

Even there is a cashless society, it can't affect bitoin because what we buy on things and our daily needs in our daily life is what we buy for bitcoin. Bitcoin developers has many ways to solve that problem because they will study it.

Bitcoin itself is working as cashless currency currently. I am thinking government itself will try to implement it into real world as physical cash. Bitcoin is very interesting also as it is capturing mind of every business sector. If you try to checkout the ratio of society which uses or trust bitcoin then it is way lot as compared to other fiat money. There are less chances of happening this and government is big thinker it won't let bitcoin go down as it is popular in societies which government also wants closer to them. :)

A cashless society might best be defined as a form of slavery which would kill every economic and financial freedom.

It wouldn't kill only bitcoin. It would kill scientific research, innovation, progress and advancement in many fields and industries while implementing a form of widespread stagnation.

I think you got the wrong idea. A cashless society will simply not have cash but instead have a digital currency. We're starting to live a cashless society by using cards mostly and other digital currencies like bitcoins. It didn't kill anything.

But let's stay in your idea where cashless society = no currency society. Don't you think that that will actually solve the fiat slavery going on and make the world an even better place. Back then, when there's still no coins which were originally made by the Lydians, there were still no slaves. The human slavery only came to life when coins were made.

In my personal view cashless society is something similar to a slavery as quoted by Op. The reason is that corporates handle all the transactions and levy taxes and other charges for it. This profits the corporate and not the user. If people doesn't get into card usage they might have not got such charges for using their own money.

First of all,its very difficult to create a cashless society through out the world.India already tried that by demonitizing high value currencies and it failed to succeed.People just returned to cash transactions.Even if world becomes cashless one day,then we have to just convert our bitcoins into digital cash to buy any goods.

Bitcoin is an independent currency and can only be killed by loss of interest from users. When people stop buying it, then it will die.

Yeah, creating a cashless society is simply a hard task. India made an experiment and it succeeded to some extent. The reason is that it makes the people suffer a lot, forcing them to use cashless transaction such as the cards, e-wallets and mobile​ payment application which were new to the majority of the population.

You want to say that now it is not so, even in the presence of cash? The bulk of the business now pays the wages for a credit card after taxes. You have no choice. You can earn cash just in case if you are engaged in private business, but not for long.

Cashless society is the Credit Card and Debit Card Users right? its a totally different market and would not affect bitcoin society. most of them come from rich and the upper class and capitalized on the new thing like bitcoins to be more richer.

It is actually a good point to see how cashless payment could help Bitcoin in terms of transaction. If it would happened in the future we all know that Bitcoin could serve as the priority in transaction becasue it is the one who set its name into the market that proves that transaction thought the internet is possible as a part of innovation and development.

What government? On what legal grounds?
90%+ of your transactions are already electronic. Most people do not have a penny that was not accounted for electronically. Your paycheck. the ATM, online banking, etc. Banks do not actually hold your money, they are just credits on a ledger
It is because of this that bitcoin will crush banking. Bitcoin is a digital native response to banking's clumsy attempt to fit paper money into a digital system. This all helps bitcoin.

True. And its not easy to do that because not all people can adapt that. And if only they could imaging what bitcoin will bring to people then bitcoin will last as long as it is used

bitcoin is obviously supported by money, if people have no money, how could they buy or sell bitcoin? the money is circulating and makes bitcoin alive.