Why we should fear a cashless world

[NeuroticFish]

There will always be people that will avoid the system.

People do trade carrots for eggs and such even now here and there.
People still use gold, diamonds and such for "whatever comes" if they have the opportunity.

Yes, cashless world is bad if it's implemented by bankers (we still hope for a cashless world with Bitcoin, right?), but there will be enough way to avoid "the system".

[Yakamoto]

There will always be people that will avoid the system.

People do trade carrots for eggs and such even now here and there.
People still use gold, diamonds and such for "whatever comes" if they have the opportunity.

Yes, cashless world is bad if it's implemented by bankers (we still hope for a cashless world with Bitcoin, right?), but there will be enough way to avoid "the system".

There can't really be a cashless society that will function properly if it is implemented by people that can control where everything can go. I think Bitcoin, or some other similar system, would be the best platform for a cashless society.

[NeuroticFish]

There can't really be a cashless society that will function properly if it is implemented by people that can control where everything can go. I think Bitcoin, or some other similar system, would be the best platform for a cashless society.

Governments will not give up fiat and embrace Bitcoin, because they can control fiat, its emission and value. Banks will also not give up fiat since Bitcoin would make their business not needed. And banks buy easily governments.

So to have a fair cashless society the whole way to do politics has to change. A lot.

[DimensionZ]

Why do all the Scandinavian countries want to transition to a cashless society? Moreover the people there use predominantly credit and debit cards and do most of their big purchases online and even pay for their daily grocery shopping via cards too.  Whay do you think guys?

[praprata]

If there was a cashless world the people are then forced to life like in the prehistory again. Nobody is going to work or going to school because then there is no point in working or going to school.

[JeanMcCoy]

Why would you fear for a cashless world do you really think there will be a time that no one
would use gold instead of bit coins. I doubt that everyone just keep remaining on their gold because witch
company pays their employees in coins XD

[n0ne]

If there was a cashless world the people are then forced to life like in the prehistory again. Nobody is going to work or going to school because then there is no point in working or going to school.

Yeah cashless world truly makes living to go long back. This will truly affect the growth as most people were now in complete dependence over technology.

[Sandroxa]

We should fear a cashless world because there would be no point in working and going to school and stuff. We would then go to the old ways and have to life like in the prehistory.
But the people could not life that way and there just would be chaos.

[MaritiJames3]

We should fear a cashless world because there would be no point in working and going to school and stuff. We would then go to the old ways and have to life like in the prehistory.
But the people could not life that way and there just would be chaos.

A cashless world would be a whole project to setup and it will take a long time before something like that is going to happen. I think that this is going be per country because it will be impossible for the whole world to not use cash at once.

[avikz]

The cashless system is not a welcoming move for everyone. Like every reformations, it also has a negative side and a positive side.

I can talk about one negative side, is that, your each and every transaction will be logged in to a central server which will give power to your government to assess your tax and networth anytime. You can't pay less tax, every single penny will come under taxing authority's surveillance.

This cashless system will not do good to the economy as a whole, instead it will give more power to your government to control you.

[Icathia]

We should fear a cashless world because there would be no point in working and going to school and stuff. We would then go to the old ways and have to life like in the prehistory.
But the people could not life that way and there just would be chaos.

Yeah it would be impossible for the people now a days to live like in the old times. The people would not know what to do and many people would steal and stuff.
The police would also disappear because they would not get paid anymore.

[calkob]

i tend to agree that a fully cashless society be a really dangerous thing.

[zimmah]

This is the worst point of the system. At this point laws can manipulate any person on the planet to do anything.

pretty much yeah, the police and armies are so powerful and the people are so sheeplike that governments can do whatever they want basically

democracy my ass, the government just does as they please.

[Sandroxa]

You see already that the world is getting more digital and that is perfect for the most people who is already using and that would be perfect if it will be more acceptable.
Many people are also using it as their new payment method and that is perfect for the currency.

[pitham1]

People would just move to using gold (and bitcoins?).
Beyond a point, the government cannot impose controls.
People will find a way around it.

[by.Szun]

Well in case some didn't knew, Sweden was the first cashless country since past 4 or 5 months (IIRC) and they haven't suffer any problem so far and the route for other countries is surely the same, it's just the matter of when it will happen.

Just as a note, Sweden is not yet fully cashless. Still quite a ways to go. The trend is leaning towards cashless, but plenty of places still accept physical currency.

Cashless also grants governments and other parties the ability to fully monitor your cash flow. They will know how much you make from your side job tending bar, how much you spend on pornography, where you travel. Police will track those odd $20 given to the same person every Saturday afternoon, when they realize that this same person is receiving the same amount from a dozen other people at the same time. Congratulations, you are now an open book.

[mookid]

I wouldn't fear a cashless world. I live in a country with triple-digit inflation, I'm EXHAUSTED of carrying cash, the maximum denomination bill here is 100 Bs or the equivalent of $0.1!!!!, this means that I need 4 of these bills to be able to pay for a coca-cola can.
It's awful.

[Ulloa]

There can't really be a cashless society that will function properly if it is implemented by people that can control where everything can go. I think Bitcoin, or some other similar system, would be the best platform for a cashless society.

Governments will not give up fiat and embrace Bitcoin, because they can control fiat, its emission and value. Banks will also not give up fiat since Bitcoin would make their business not needed. And banks buy easily governments.

So to have a fair cashless society the whole way to do politics has to change. A lot.

Bitcoin is getting more popular now around this time and that is because the world is also getting more digital and more stores are also going to accept Bitcoin so that is nice.
But the hard thing is that we have to promote it more to let them use Bitcoin as their payment method.

[Supercrypt]

I wouldn't really fear a cashless world because there is nearly no chance of it happening considering the current layout of the economy. I'd like to (re-)introduce to you all Barter Trade System which had existed way before cash were created, and still happens now at some indigenous areas and in some modern places unknowingly.

[GermanFoobla]

We should fear a cashless because without cash the government can keep check of us to easy and on what we spend our money on if everything becomes digital. I think that many people would not be okay with that because we deserve some privacy.