The death of cash

[lobcmt2]

What's happened in Venezuela when locals there have to carry bags of cash to buy only a cup of coffee is a classic example for the coming death of cash, not only in the nation, but also on the worldwide scale.

In addition, the situation for locals there has become much worse with the last days without or lack of electricity supply.

[Jet Cash]

One gold or silver coin or a bit of dash or Bitcoin would cover the cost of that coffee, and give a load of change.

btw - they can't be starving if they are paying cash to buy cups of coffee in restaurants.

The main ELE was the creation of man.

[tmfp]

btw - they can't be starving if they are paying cash to buy cups of coffee in restaurants.

You spotted the fatal flaw in their commie propaganda, congrats.

[BADecker]

Cash use is dying because of the convenience of credit/debit cards... and maybe other forms of electronic money. The question isn't really the death of cash. The question has to do with the death of fiat. There will always be barter, and money is a form of barter. But as fiat, money is a form of barter that makes the money makers more money by stealing from the money users without their realizing it. Below is the REAL death of cash.

How to Use Bitcoin When the Apocalypse Hits

When the world collapses and society splinters into factions fighting for the scraps, you'll want to keep your friends close and your crypto closer. Whatever the cause of the fallout, economic disaster is certain. Fiat currency will be the first to falter, leaving gold, bitcoin and barter as the only surviving means of exchange. Here's how you can use your crypto when judgement day comes.

It's the End of the World as We Know It

Bitcoin has long attracted interest from fringe elements of society. Anarchists, freedom fighters, libertarians, gun nuts, hoarders, preppers and combinations thereof. Many of these individuals have little faith in society, believing that global collapse is imminent, bringing the financial system down with it. In this post-capitalist world, only the prepared will survive, armed with their wits, weapons, a supply of canned goods and, of course, a stash of peer-to-peer currency.

There's just one problem: depending on how hard the apocalypse hits, and depending on its cause (nuclear fallout; meteorite; electrical storm; aliens; zombies), performing the sort of digital activities we take for granted today may be virtually impossible. For those convinced that the end times are nigh, it's not enough to stockpile bitcoin – preppers must also figure out how they're going to spend it when shit gets real.



Sending Crypto When the Internet's on the Blink

It would be easy to write survivalists off as loonies, but when the apocalypse arrives...

[Jet Cash]

Cash use is only dying for the middle classes. The Britannia is still being promoted by the Royal Mint, and it is being used, together with the Sovereign ( the coin, not the Queen ) for international payments.

https://www.royalmintbullion.com/Products/Britannia/Gold/UKB19GOS

[TECSHARE]

Cash use is only dying for the middle classes. The Britannia is still being promoted by the Royal Mint, and it is being used, together with the Sovereign ( the coin, not the Queen ) for international payments.

https://www.royalmintbullion.com/Products/Britannia/Gold/UKB19GOS

Are you sure the queen isn't being passed around for international payments?

[Brunus]

Well, the big net company are setting the base... We'll have very soon Facebookcoin, Googlecoin, Amazoncoin...

[Semosuchi Tesongrato]

Well, the big net company are setting the base... We'll have very soon Facebookcoin, Googlecoin, Amazoncoin...

Yes, and these coins won't be decentralized, so... bye bye Nakamoto...

[BADecker]

Well, the big net company are setting the base... We'll have very soon Facebookcoin, Googlecoin, Amazoncoin...

Yes, and these coins won't be decentralized, so... bye bye Nakamoto...

Maybe somebody should make the decentralized Nakamotocoin.

 

[omonuyak]

I have a different views about about cash but after reading this your thread and comments others has made I have to change my thinking.  Cash will never die as far as governments is there.  I believe that the wealthy will continue taking the advantage of the poor through the cash system.

[Jet Cash]

Following the hijacking of the Yellow Vest movement in France, they are now suggesting that supporters should withdraw all their bank deposits in cash, and use cash for payments. It will be inconvenient, but it will disrupt the banking system, and will be more productive than burning and destroying assets that will be needed for an economic recovery.

[LUCKMCFLY]

It would be great if all transactions were made digitally, with cryptocurrencies and taking the use of bitcoin to much higher levels in the traditional economy, but we can not forget that in countries like Germany the use of FIAT money is  use and much stronger

The FIAT money is very used mostly by governments and banks to have better control, however, the FIAT money when printing a lot which causes an increase in inflation, this is the weakness that the bitcoin does not have, because the bitcoin represents a totally deflationary economy, it is an advantage over FIAT money.

However the correct implementation of bitcoin in the traditional economy, where it is managed by governments and banking, should be introduced little by little, so that people get used to cryptocurrency and its benefits, but even so, FIAT money would be still framed in the global economy, it is very difficult to eliminate it.

[Malsetid]

I have a different views about about cash but after reading this your thread and comments others has made I have to change my thinking.  Cash will never die as far as governments is there.  I believe that the wealthy will continue taking the advantage of the poor through the cash system.

Same here. As long as there people in power stay in power and the system itself is the same, cash will always be here. Even when the time comes that crypto is adopted widely, cash will still be a relevant mode of transaction. People need to have a physical item to hold in their hand you know. Bitcoin will also be here in the future but i will not make cash obsolete.

[r1s2g3]

Yes, and these coins won't be decentralized, so... bye bye Nakamoto...

They will be of no value. These corporation are working to fill their own reserves ,people will get nothing.

Following the hijacking of the Yellow Vest movement in France, they are now suggesting that supporters should withdraw all their bank deposits in cash, and use cash for payments. It will be inconvenient, but it will disrupt the banking system, and will be more productive than burning and destroying assets that will be needed for an economic recovery.

But in the end , Money will reach to bank.

Even when the time comes that crypto is adopted widely, cash will still be a relevant mode of transaction. People need to have a physical item to hold in their hand you know. Bitcoin will also be here in the future but i will not make cash obsolete.

People do not need physical item to hold but they need convenient and easy thing to use. I rarely see people are using physical cash in big departmental store. They use cards.

[tmfp]

Maybe someone could create a hybrid of crypto and fiat, they could call it Bitcoin Cash.
Oh wait...