Why we should fear a cashless world

[maimainguyen05]

Cashless world in the future will be manipulated by governments in countries around the world, and now the cryptocurrency is born to solve those difficult problems. The monetary market will gradually become unreliable, and it is predicted that for the next 20 years the electronic currency market will rise to the throne, as people's habit is to pay online over the Internet, and the paper money will no longer exists.

[Lomberjack]

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

Indeed. Most power will go into those upper and middle class people who can easily adapt to the cashless society wherein most of them already rely on virtual money rather than using fiat or real money. Also, there will be difficulties to access your money even though it was just a couple of clicks away because we are going to be dependent with internet before we can access our money in our virtual wallets or accounts where we store our money.

[christina30]

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

  I think cashless world is not bad...what if we just use trade.Trading people by people just like 1000cent or decade... there are no money on that time they just trade there items to get another items.And if there no cash or money in this world.No more curruption in the government and and more bad things that money can do... i think its good world with out money just hardworking and creative.

[Tenderino]

You need to diversify between a decentralized and a government issued cashless system. The government issued cashless system is of course a nightmare for human rights, because the system can simply exclude dissidents. A decentralized cashless system is basically not a problem, but I vouch for partial cash and partial crypto currency use.

[deppil]

a cashless world can only work with a decentaralized system, not a centralized autorithy like bank and governmetns, so bitcoin is the correct answer for this

therefore only if somethign like bitcoin will be very big, you can get rid of cash completely

Well for me the most fearfull thing about cashless society are the "HACKERS"
Why ? Simple because, when you say cashless it means that all the transaction are done online.
Therefore many hackers are possible to attact, the money of the people.
Its will be easy for them to, steal money from investors or even ordinary person.
And it I think the big challenge when the cashless society comes.

thats true, you know that there are many people on the internet who have the greatness to hack despite having good security. but I do not think the government will adopt a system without a mature calculation. of course the government will see whether the security in cashless is good enough or not. if not necessarily the government will develop a decent security benefit their community. I myself believe in the government they will definitely do the best for their community

[Shady]

Cash in life won't be killed by cryptocurrency, only extended by it. From regulation wanting this world without paper, devastating events would happen and influence cycles reversed. Bitcoin and other properties certainly have changed the intent or views made by public officials, however plans to fix instead of hurt are also in positive effect for the first time since long history.

Don't ever believe that physical currency will be removed, it's likely going to establish grounds again adding to exclusiveness in taste. These scares are always in the media, so plan for every variable if wanting to feel safe.

[tabas]

Cashless world in the future will be manipulated by governments in countries around the world, and now the cryptocurrency is born to solve those difficult problems,

If we will use cryptocurrencies and almost all the people in the world are using it there might be some manipulation. Actually, it is everywhere even in the normal markets, art market, jewelry, name those markets as there will always rich group of people that are manipulating to get attraction and favor for where they are. Cashless society is the future and it's coming.

[reymartH]

Forcing consumers to go cashless comes with concerns. Those hurt the most could be the poor and small businesses who today rely deeply on cash. Some believe that a contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance.

[300pips]

A small buyer will be greatly affected by this cashless world.  Some can't afford to buy a new gadget that will be needed for this kind of technology. 

[automail]

We should fear cashless society because all of our money will be taxed and detected by the government. Cashless society can't be applied in our country. A lot services are paid by cash and it is almost impossible for them to be cashless. I can't imagine buying food on the street using my ATM or credit card. Street vendors will not be able to afford the machine that reads cash payment. If there is no electricity, how can they accept payment. We live in a country where the weather is unpredictable and storm are most likely to come so preparing for power outages is a must. This will be a problem for cashless society. May this is applicable in other country but not yet for ours.

[mrtryonebiggums]

Not if the way micro transactions were done were also on a blockchain. You won't be subject to surveillance if your blockchain is privacy based and doesn't allow for you to be known. I embrace a cashless world and welcome it anytime now.

[millionaireshs]

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

First of all, we have no assurance that it will happen for many problems may arise when it happens. Cryptocurrency runs through the internet so it will be a big problem if our internet connection fails. I believe that having cash in society is very important because there are still individuals who are not knowledgeable in cryptocurrency. In addition, there is a  big possiblity that they will be cheated by others.

[-avp]

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

It is indeed a scary thought. What’s more terrifying is that this is slowly becoming a reality. A cashless world easily means a world that will be easy to manipulate. Everything will be controlled with just a snap.

[Maslate]

Not if the way micro transactions were done were also on a blockchain. You won't be subject to surveillance if your blockchain is privacy based and doesn't allow for you to be known. I embrace a cashless world and welcome it anytime now.

I wish the transaction will be low so everyone can benefit the blockchain, for now the transaction fee of bitcoin is really high
which is not good for micro transaction. There are a lot of options that we can use because the crypto market is getting bigger and there are big competition which could bring better service for us.

[Vikingr]

no one in the world are pleased to lose money, but also no rich people never lose money. contrast, a lot of the poor are never lose serupiah also, since they actually never invest or business at all.

When all the money will be in our country's account in sight, then they will all know about us. And then great control will begin and demand from us, where did we get this money, and also pays to pay taxes.

There is no fear with cashless world. Actually the cash free world is very peaceful and secures transactions. The transactions are very fast. The Bitcoin is the digital currency which needs no banks involvement. The popularity of Bitcoin is increasing therefore the demand of Bitcoin is too high. Because the investors are feels relax in saving their money on internet in a safe mode. The price value of their money is increasing rapidly. That returns them a huge amount of profit.

[todiefor17]

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

Yes, the world we live in now accounts for more than 60% of the transaction, and the rest are other types of transactions, which shows the importance of cash to us, Most of them use cash because those places have not been developed

[Ziskinberg]

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

Yes, the world we live in now accounts for more than 60% of the transaction, and the rest are other types of transactions, which shows the importance of cash to us, Most of them use cash because those places have not been developed

Even those people who are using digital currency are also cash because they like to have a lot of options, the world is moving to embrace with the technology because this will make life easy and fast to us but there are still a lot of people who will remain using cash because only a small number of the world is well develop. Poverty is a big hindrance to adopting the new technology but let's hope this technology could help solve poverty one day.

[Altas]

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

Yes, the world we live in now accounts for more than 60% of the transaction, and the rest are other types of transactions, which shows the importance of cash to us, Most of them use cash because those places have not been developed

Even those people who are using digital currency are also cash because they like to have a lot of options, the world is moving to embrace with the technology because this will make life easy and fast to us but there are still a lot of people who will remain using cash because only a small number of the world is well develop. Poverty is a big hindrance to adopting the new technology but let's hope this technology could help solve poverty one day.

The technology keeps on growing fulfilling the requirements. To the fast moving world technology advancement is a must and the same is getting fulfilled by blockchain technology. Here the cashless world is the only option and same as that it has got more negative effects of hacks and other scams.

[goldenera]

I think cashless society is better than our current society for its efficiency is higher.

[Somebody@41]

Yes, i agree on that, hope they will always give option not to push/force on that..