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Do you believe in a cashless society ?

Demonetisation Was a Catastrophe: Marc Faber (http://www.freedomsphoenix.com/News/225246-2017-09-11-demonetisation-was-a-catastrophe-marc-faber.htm)


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Read more at https://www.lewrockwell.com/2017/09/no_author/demonitization-was-a-catastrophe/.


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i dont understand the question but if you are pertaining to possibility or theoretically if it can be done in some ways yes since before money has been made there is barter trading. but it is so poor economically since there is no exact value of things that could be trade on other things, meaning there is less equality on the market and it could be disastrous to individuals whose way of living is by labor.

Or there are countries who are almost not holding cash but using only credit/visa cards in all their transactions. Like buying online using a credit and even in retail shops. Salary of every worker goes directly to their bank accounts which pays all their credit transactions. All money transfers are done online from bank to bank. Here in my place people rarely hold cash all they use is their credit cards.   

Totally, It's just like that in my country but It's not a good think, the lack of cash is driving people crazy, there are some places where you need to pay with cash and they can't accept credit car, or even public transport like the bus or the subway who cost almost nothing so you can't pay that with cash.

The answer all depends on who would make the digital money.

Agree. A society that is cashless is impossible. Maybe it is applicable in big market , how about the small industry like sole propriertor?  It is impossible to have a cashless society right now, but someday, there is a society that will make it happen.

i don't believe in that.
Why, because nowadays money is life.
 all people are practical, as long as they received money from something then the cycle will continue.
 but maybe in the future, it will happen because of the technology.

actually real societies are cashless.

i am no expert so don't quote me on this. cash is based in trust. it doesn't have any value unless it is backed by the country's governing monetary body. it is essentially a piece of paper saying "trust me, I'm worth something" and this worth depends on your gold backing. a cashless society is easier at some point. you can carry in your wallet countless amount of money without physically touching it. easily traceable. down side is the currency is virtual. so it will be easily stolen by hackers and such. but i think we will have a more secure way to keep virtual currency.

I dont know.. me personally i dont like bringing cash with me. I like to pay my bills online, buy groceries with a credit card, hail a cab with my phone and stuff. I mean its so convenient. But of course you run the risk of skimming, hacking, stuff like that.

We could be a cashless once the digital currencies are implemented worldwide. All people should have access in internet and needs a digital device before it would happen.

Cashless... yeah maybe in the near future... the cost of producing paper cash and coins cost the governments a lot and is prone to counterfeit.  So this cashless agenda is no longer foreign to UN... Sooner or later they will force to implement it....

Do mean a society without physical cash? Or a society without a concept of money?

I also confused, but i think if physical cash its possible but a concept of currency is impossible, you cant determine a thing without a price so you will not appreciate its value.

A cashless society would be difficult to maintain, many variables would need to change (Star Trek) - I do believe in a fully equal society though. May it be from an altered altruistic culture / paradigm (never gonna happen I think) or forced by an enlightened dictator (my dream job).

People who believe they've earned the money they've earn, are without a shred of doubt, dumb, clueless and shortsighted.

I believe in it,  the world is revolving and cryto may take over any time soon,  thouh it wont be easy because people are use to fiat currency already it will take time before we can see a society like that.

In my opinion , in some years our society will become cashless . and our government will take steps to reduce the cost of paper and coins .

Personally, i would prefer having a cashless society, but the concept of not having a physical thing to exchange with is just really hard do. For example, if you need to buy a drink, what would you give in exchange? Or lets say you can transact online, it would still be a hassle just to buy a simple drink. So for me a cashless society is just not possible. Atleast for now, we can never know what inventions the future will provide for us.

cashless can work in a society, but since there is already a monetary value in every things right now, i think it will never happen again.

It happened before when people used to barter goods and no money involved. Goods are traded with goods. As to our situation right now, this would be possible if government would allow crypto currency to take over fiat money. But, the problem is, crypto currency is decentralized, which would be a problem to the government.

If cashless means "no physical cash", then most modern societies are
already moving in that direction.  Interesting statistic: there's only about
$2000 of physical dollars for every person in the USA.  All the rest of the
money is already electronic / non-physical currency.

I believe if this will be launched, I believe this will be rhe start of the mark of the beast thats in the book of Revelations in the bible.

Before money could be used as a means of payment is exchange (formerly)
payers without regular money are used in the community, such as using cards that are already working with banks.
but cash is still indispensable for the means of payment

I do not think that someday society will be non-cash. There will always be a sufficient number of people who prefer ordinary money instead of electronic money.

No. A cashless city would work however. A city that only wealthy clans that exists in this world can afford. A city that most of the things that you buy in that place are so expensive that $100k is the lowest price that you can get for buying a thing or service that you want.

Cashless society means in literal lack of cash or money. I think this society has no improvement. There are many reasons why it happened, I think one of the reason is that corruption, unemployed person, low education attainment, and not responsible politicians behind the society.

Honestly I don't really understand or get the question but if you are pertaining to the financial of the society I think it is impossible to the society to do not have any fund of money. Because they are society, there is always someone who will fund the program and platform of that society.

I don't like the idea of cashless society because what are kids going to have - a credit card or every one has a phone? Like what's the point? What are we going to do with the cash and coins we have now. Also it would put heaps of people out of work and then they will have to find another job and that will take a while plus people won't have the money to buy a smart phone that will have the app and also if you don't have your phone on you when you want to buy something it could be a problem.

In my opinion, there will never be cashless society because people need give something in their trading . For that reason , manking must use currencies in trading but It does not matter whether this is real cash or online currency for sure.

well in the future generation i think it might work as well, or even it will happen, but as of now i think it is clearly impossible that such things might happen. there is no assurance also when this one will be implemented, because of the current standings and happenings in our society, i guess people might have a hard time adopting into virtual currency because lots of people doesn't really know a lot about crypto, and besides i think fiats wont be expelled in the society and it is really impossible and no need to remove cash in our society.

Cashless societies is a retarded, and impossible idea.

What matters is THEY believe and will try to implement it.

If it is impossible, then will screw things up while trying.

should we know in a revelation like that? location, conditions, and times. I think that yesterday's time there is no currency means to barter, and for this age we do with currency, this pebedaan is striking where humans are used to exchange goods with goods and this is common, different from now in this era we need money to meet our needs as human beings, so important money in this day and I do not trust Society without money. ;D

I mean why not? I lived almost a month without holding any cash. I go to work on a train using my train pass, bought food using credit card, payed bills online and so on. I mean the convinience of it is awesome, not to mention i could transact in large amounts without holding it in my hands; that i think is safe.

It can be done that all cash becomes digital and then a new way of mining it would be invented.

Definitely. Physical cash becomes more and more obsolete by the day.

no it's impossible  :) :) :) :)

I've heard about a cashless city in Germany. Labour is the currency there. So people exchange services for goods.

Services exchange is only one of many other funtions of money. I don't think that will work on bigger scale, internationally.

do you mean not materialistic society ? because that would be real one day but a society that doesnt deal with cash for me i cant imagine that

I guess that's what happeng in Brasil when inflation ratio were to high that they decided to exchange thing with out money.

Yes i believe in cashless society, this is the future. As we are growing high all things are getting better and better. This is the new mode of transactions for buying, selling, sending and receiving money. And as i think this is the safest way. We doesn't have to carry much more money with us.
ATM's, Credit Cards, Debit Cards, Net Banking, all this makes us more easy and simple for Banking.

I can not agree with you. The fact that you don't have money with you in your pocket but on bank account or somewhere else, doesn't make you feel safer. Acctually, now in era of common hakers' attacks I feel much safer having money in my wallet.

The answer to this question  :-\ :-\depends on who would make the digital money.

Cashless society is coming, it is called the blockchain.

The only way a cashless society would work is if every single person on earth would pitch in and do whatever needs to be done, all while not trying to live off the works of others. 100% of the population would have to be this way.

The brightest minds will develop things, and the same light, clean a toilet if that's something that has to be done.

Of course, it’s fun to imagine a world without cash. Liberated from the burden of physical currency, we could make purchases from the convenience of a mobile device or simply by using credit or debit cards.

I am an IT specialist. So, this whole idea of cashless society for me is really possible. Technology is evolving every year and it is for the convenience of the people. So, if a cashless society will bring convenience, then why not.

Me too, I can imagine a completely cashless society, but why? Will it be convenient to get rid of cash at all?

No, how can someone be live without money at all and live with a digital currency. It is impossible, not all can adopt the technology.

It's quite impossible right now, the government will not allow this because cryptocurrency is decentralized, the government can't monitor and control it. Maybe in the future, a cashless society is possible, when almost every can use cryptocurrency in everyday transactions.

Perhaps if I could figure out what believing in a cashless society meant, then maybe I could answer the question. Perhaps if you edited the OP to clarify (with a date listed when you edited it), then someone might be able to answer your question.

8)

Yes, I do believe in a cashless society but I cannot think such a thing is gonna happen in the near future. Yeah we have advanced a lot but come to think of it not all the people have bank accounts till now. It is sad but true. And even if they had one, they are not literate enough to know how to transact money. It would make their daily life very difficult. So yeah, the government nowadays is preferring towards going cashless but it isn't possible in the near future.

Oh, by cashless the OP means without paper money, but yes to electronic money,like debit and cryptos.

If that's the case, being that cash is simpler to use, it's always going to be there for those less technical people. Those people who have trouble using an ATM.

Plus it can be quicker. If something coast a quarter, just pull out of your pocket.

I believe in cashless community!!!  but society? I don’t think  soo,,, a lot of native at my country of Origen that some of native that is not civelise yet that really don’t have idea about money ,,,  becouse they hunt to wart that’s there way of leaving :-)

i believe that people can live without money but the society is not, people now is much greedy because of money, they do anything for money. people, professionals, politicians and even students. society needs money to run and its impossible to grow up.

If that happens, then society will return to its primitive state, when gold does not appear, people trade through exchanges, which means that the person has this item that can be exchanged for others and vice versa. But with this age that way, then humanity will not be able to developIf that happens, then society will return to its primitive state, when gold does not appear, people trade through exchanges, which means that the person has this item that can be exchanged for others and vice versa. But with this age that way, then humanity will not be able to develop

I don't believed in cashless society because money is the number one needed to survive. We need money for our basic needs. Even we want a cashless society, it is not possible. Money runs the world.

IT WILL BE ;D..

The UNIVERSAL INCOME ..

You will see after you will be amazed it can happen i worked it out ..

Just the world needs to get behind it..
Life will be so much better and records can be kept of how humans multiply and if more are needed and if not ..

It starts off with i am from the UK so i work it out in pounds ..

2 tokens one acts as a £1 and the other a £10k token ..

The £1 token splits into 100 units only ..
The £10k token splits into 10k units ..

This way easy to shop with and exchange ..

With the universal income everyone gets £150 every week for our universal income..
Once you have 10k tokens worth of £1 tokens you swap it for a 10k token through private banks or government banks and they automatically will know how much to take out in tax and profit for the banks ..

Now you can only buy a house or land with 10k tokens anything worth over 10k you need to use 10k tokens that way people still need to compete
to get rich but all still have a starting point to live..

I will tell you more tomorrow BUT i have worked out how to pay everyone a universal income by creating something out of nothing and selling it to each
other..JUST like making a clay pot ;D..

It's your minds that's been tricked so the few can have free money..

Cashless society will be very beneficial for everyone. It provides with great transparency and less corruption. It brings ease to consumers as well as producers. 

I don't believe that a cashless society exist because a society even a small one still need money to operate and to be able to support and provide for the society's needs. Nowadays almost everyone on earth needs money and wants to earn a lot of money because everything they want can be bought.

yeah i think this is possible. The way technology evolves in this very fast way maybe give it another 10 years and we will be seeing a world without cash.

no it is not possible because we have limited bit coins only like 21 millions of bit coins so for that reason how we can expect cashless society. up to now many country people don't no about bit coins. and most country's village people has no good facilities so they have to satisfying their needs use of cash in this situation how can we expect cashless society. so we did not expect cashless society. may be government  pass strictly this rules then we have to expect otherwise we can't expect.

No I don't, but if we have the solution to ignorance and have the ability to educate all our country men, maybe it is possible. How can we have a cashless society if there are people who can't even read nor write their own names. What will happen to them if the currency now be in the internet, how will the poor people will pay what they want to buy. I don't think the government of any country will allow that, they won't neglect their poor country men.

It is possible, Sweden and Scandinavian countries are already practicing it.

Needs to bring influence to other regions of the world, I believe.

I believe that because of the development of science and technology, people are getting lazy

if the society are cashless its mean that the people of that society are lazy and the don't try for welfare of themselves. on other hand if the society are rich with money its mean the people of the society are hard worker and want to be stable society. so we not believe in cashless society.

Technology is at its peak this days and the society is fast evolving. Things have actually changed overtime and societies going cashless is one of those things. I believe in a cashless society for its convenience and faster transactions. Though it has its own advantages likewise its disadvantages.

Cash is heavy and expensive to handle.  Already in the UK it is possible to live without it, I use my card for everything except the occasional coins for parking, and those are bing superseded by a telephone parking system where I can use my mobile to arrange payment.  I keep a note with me for emergencies (rarely used) and because I love the feel of cash, the heavy paper, the elaborate engraving and foil strips embedded; a work of art really.

Not only do I believe in a cashless society this is where we are inevitable trending my mind says. The reason I think so is because already most of the cash in society is digital. If I recall correct anywhere from 97-99% of the

cash currently in the world is already digital. Knowing this what stops the world from functioning when the other 1-3% goes digital as well? Well nothing really only thing that stops it is the central banks perhaps but other

than them there is nobody in the way

No, it won't be. Cashless society mean total government control of your income and outcome and payed taxed. I prefer to have some cold store cash instead.

Yes because our cashless society occurs, many expenses in our daily needs that will occur in our cashless society although the money is easy just lost due to expensive necessity of our sponsored so it rapidly lost the perasamga needs only.

Yes cashless society today are being implemented , like in western countries most western countries are using a cashless payments , . They use credit cards , paypal , visa to pay anything as long as there is enough balance in their cards. In future , we all be doing or paying our bills cashless too, the time of digital currency is born today. It will be easy for most people now to buy , pay without carrying any money.

Sometimes in the future,  when modern technology penetrated even the most distant plaae on earth, cashless system will going to be implemented and the cashless society will take its place.

I am using credit cards for more than 11 years now and mobile wallets for more than 2 years. I was never scammed or hacked while using them. On the other hand, pickpockets have managed to steal hard cash from my pocket at least 3-4 times in the past. I would say that for me CC/mobile wallets are safer than physical cash in the form of banknotes.

i think you did'nt understand the question sir, cashless society means a society in which consumers pay using credit or debit cards, electronic funds transfer, or shop online instead of paying by cash or bank check, it does not mean that the society is poor but it means that society and technology is already evolving.

i believe we should all swich to alt currency for easy and safe trasactions

I do not think that in the future we will go to a society without using cash because cash has many benefits in that it is convenient to use everywhere. Most of the e-payment is still difficult due to lack of popularity and many errors, so it will take some time for us to move towards non-cash society.

Not a fan of a cashless society at all, I think my money will always be safe when i have it in a ten inch steel vault safe but with it being cashless and everything done electronically, i can guarantee that hackers will have access and drain my account and lots of others. There is no security in the world that's not impregnable, even the Pentagon gets hacked how much more banks.

I believe that it can be realized, where people do not use cash as a means of payment, but it may be several years to come or still be realized.
while some people, especially rich people, have used non-cash payment methods such as credit cards, e-money and even digital currency as a means of payment, while lower-middle-class societies still prefer to use cash as a means of payment.
if someday government regulations on any country have passed laws regulating the use of non-cash payments then we all must be willing to follow the rules and will become cashless society

cashless society will reduce the amount of robbery related to possession of physical cash. This in turn will definitely give rise to the adoption of cryptocurrency. However, cyber crime might go on the rise, but this would be curbed as stronger security software to protect individuals account would emerge.