Why we should fear a cashless world

[Vatimins]

Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance

http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless

Discussion

  These things happening are things that we cannot deny nor prevent from being reality since it is almost happening. And it will only be a matter of time till governments get tired of wastimg time money and effort producing fiat that gets replaced countless times and get counterfeited or taken for granted. Amd when this happens good bye fiat.

But, even if this happens and may seem that this will be bad for poor people, i think people will still be able to adapt. That is what we are made of. We always adapt to various situations. Maybe when this happens, barter trade will be brought back to life and be a means of survival for poor people in remote areas. I don't know. But for sure, peole will adapt.

[yohan09]

For me, cashless world will systematically determined all of  your physical inputs your background, and character, Everything will be track down and monitored and this is against to everybody because we lost our privacy,

[uniquefighter]

Fear from hacking because if all of your money are now cashless it is prone to be hacked by someone and worrying this money will not return back to you.

We should fear a cashless world because the government can then now how much money we have and they would have to much control in my opinion. The balance in the world would not be fair at all.

[Bandon]

Remember when visa and mastercard blocked people from donating money to wikileaks? This is what I imagine in a cashless world. Buy something or give money to someone the government doesn't like? They simply shut off your wallet and you can't access your money anymore, or they block you from transacting with anyone who isn't on their white list of approved vendors. It is so ripe for abuse I can't believe anyone would want it. The road to hell is paved with good intentions, there is nothing that stops the people who take control of the system in the future from abusing it.

[MMS2017]

cash is very important in an economy and through this we can easily buy and sell things everywhere.if the world is cashless then the poor people and less educated people were disturbed because they don't know the electronic and digital money for that. the cash is also used everywhere and we should not eliminate them from the world so we would feel free if the world is not cashless.

[zander09]

Fear from hacking because if all of your money are now cashless it is prone to be hacked by someone and worrying this money will not return back to you.

We should fear a cashless world because the government can then now how much money we have and they would have to much control in my opinion. The balance in the world would not be fair at all.

There is a lot of hackers now, that's one of the disadvantage i see in cashless, because your money is not in your hand and you're still waiting when you recieve it. As long as you didn't touch your money you are not sure if you recieve it safe.

[indog]

because money is the world's number one ruler, in other words money can say a tool to transact buying and selling, the cost of education and as nya.oleh therefore everyone is afraid if no money and maybe back to the past which by way of goods exchanged with goods.

[bitbunnny]

At first thought cashless world has many advantages. No need for paper money anymore, lower risk for robberies and other crimes.
On the other hand in cashless world every big hacker attack or natural disaster when there is no electricity and similar would cause total chaos and we would be helpless. I'm totaly for digitalization but we are so depending on internet technologies already which is very vulnerable so we need also some alternative.

[DBronze98]

It's possible that people will become poorer and make sure that the rich get richer in the cashless  world.

[Domenc]

I fear cashless world only because technology gets outdated every next hour, and if everything is online there will be high risk of the security of funds. We might keep our holdings in cold storage wallet but other than that if some exchange get hacked or there is a virus stuck in the technology or wallet we use. All our funds would be loss, I think this is worrying more than anything else. Cashless world have their benefit but you should not move completely, everything has their own plus point and so is is cash.

[ausbit]

Technology have its own pros and cons....history also proved that every inventions till now Eg T.V. refrigirator etc made human lazy and less social. Through it keep us more updated and connected but still we lost our pease of mind due to this fast lifestyle. In the same way, being cashless is not bad...as transactions are more easy and fast, less chances of human error etc but it will make us more lazy and introvert than ever before.

There is no doubt in this thing that everything has drawbacks and plus points as well. We should keep in mind that all depends on users. The technology itself is not bad, it depends on the people who are involved with it. TV and refrigerator has made our lives very easy, refrigerator has at least not given us a serious drawback at all. Bitcoin is again the same case. I personally think it has more advantages than disadvantages.

[Xising]

Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance

http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless

Discussion

The thing is normal social media accounts are already hackable, it just needs the right push for people to do it. Now, imagine something that involves money and not to mention that the value of bitcoin is way higher than our usual money. If cash was to be eliminated, then it might cause some problems online not just hacking, but more.

[wolfgang56]

Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance

http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless

Discussion

There are many scammers in this world especially right now that bitcoin is gaining its popularity rapidly many people will use bitcoin to scam other, worst it can be used to hire people for them to kill their enemies, like the elites who can hire those kind of people.

[DRAWDE_3691]

Cashless, I really can't think of what will happen except, there will be too many illegal trades that can happen. It will be there way to transact and nothing gonna stop them.

[reijusama2583]

We must fear it because not all of us is reliable in technological money because not all of us is accessible in technology specially the indigenous people. The only thing that will prioritize this kind of system is the people that are engage in the business because the transaction in here is much faster compare to others and the other disadvantage is that many people may used as advantage the weakness of other by means of hacking and by means of playing words that can deceive the mind of every human being.

[trako]

because if this happens, the whole control will be on the computer. ie the authority of banks increases. and all the forbidden open bastards use us as slaves for this system. cashless society means authoritarianism.
it will always be a power that manages the digital one.
It scares me. maybe it will be in the future too long.

[Rostadom]

because if this happens, the whole control will be on the computer. ie the authority of banks increases. and all the forbidden open bastards use us as slaves for this system. cashless society means authoritarianism.
it will always be a power that manages the digital one.
It scares me. maybe it will be in the future too long.

How come digital power scares you? Are you not as scared as the power that the government has today? I think that since everything will be automated when everything has become ran digitally, there would be more transparency with what's going on in the government. It might even lessen their power because, let's say there's no more money and our monetary system has a public ledger just like what bitcoin has, the government's transactions will be out there. The people will be able to watch where are our country's funds goes to. We can confirm if those money are going to the address of the department it's allocated to. The government can't put the country's funds to their own banks unlike with what they are doing now.

I think you simply don't have enough ideas what will happen when we have a cashless world. Of course that monetary has to be zero flaws because otherwise the hackers will rule the world. So let's assume that it's unhackable like bitcoin. There are petitions and organizations saying that each and every government, national or just a small government (like the one we have per city which consists of Mayor, Vice mayor, etc.) should have a transparent record of where the money are going to to avoid corruption. You see, that's not happening in our world yet, a transparent record of the government's transactions that's why they keep on being corrupt and I bet that it's the only way to stop corruption and to actually put some power into the people's hands since that's the whole point of democracy anyway.

[supercanada1]

Fear from hacking because if all of your money are now cashless it is prone to be hacked by someone and worrying this money will not return back to you.

We should fear a cashless world because the government can then now how much money we have and they would have to much control in my opinion. The balance in the world would not be fair at all.

There is a lot of hackers now, that's one of the disadvantage i see in cashless, because your money is not in your hand and you're still waiting when you recieve it. As long as you didn't touch your money you are not sure if you recieve it safe.

Yes a lot of hackers are here now and they are ready to take the money from bitcoin investors and hold it in their own wallets. Bitcoin is not easy to hack now because it is having a lot of other wallets and saving systems. If you are using offline wallets then it will be more beneficial and it will be hard for them to take your money. I don’t know way people are afraid of lose and they want to use only one currency.

[pureclckr]

Fear from hacking because if all of your money are now cashless it is prone to be hacked by someone and worrying this money will not return back to you.

The main issue is that people do not want to know about how the online wallet works but want to have this facility. If we take a little tutorial before adapting to online wallets, we can stay safe from the hackers around the world. Some people have their passwords so weak that even the person who knows nothing about hacking ends up hacking them. Knowledge about the security of the online wallet system is really very mandatory if you want to save yourslelf

[geegaw]

Fear from hacking because if all of your money are now cashless it is prone to be hacked by someone and worrying this money will not return back to you.

We should fear a cashless world because the government can then now how much money we have and they would have to much control in my opinion. The balance in the world would not be fair at all.

There is a lot of hackers now, that's one of the disadvantage i see in cashless, because your money is not in your hand and you're still waiting when you recieve it. As long as you didn't touch your money you are not sure if you recieve it safe.

Yes a lot of hackers are here now and they are ready to take the money from bitcoin investors and hold it in their own wallets. Bitcoin is not easy to hack now because it is having a lot of other wallets and saving systems. If you are using offline wallets then it will be more beneficial and it will be hard for them to take your money. I don’t know way people are afraid of lose and they want to use only one currency.

Hackers are true geniuses, they will always find ways to steal money in our wallets in different ways, we will be very difficult to prevent that, we can use security or any wallet system, all will also be useless with them. Therefore, a world without cash really is something that we should fear, we will always live in a situation of anxiety, not knowing when the hacker will visit us, I never want that to come to me, it will be a nightmare. And the world without cash will bring an inconvenience to me and many others around the world, sometimes the transactions will be delayed, I hate that, even buy something with a few dollars that also need to use wallet online, that is really funny thing.