Why we should fear a cashless world

[magz]

In the world full of credit card, this may affect small businesses. But then if we shift to a cashless society, it doesn't mean that there is no literally cash involve. It's just tangible cash becomes intangible cash.

[dillpicklechips]

Then that simply means they can keep a track to the transactions that you are going to participate which lessens your privacy. You might end up on your knees following those banks since they hold your money and might set up new rules or regulations which would favor them. But if we are talking about a cashless world in a decentralized platform like BTC then I would say it will lessen the fear (if not absolute) then that would be great. Away from central authorities, better privacy and control over your finances.

[maaydin]

unfortunately every invention and development is more for the wealthy sake than the whole humanity such as AI and robotics which make rich richer and poor poorer.

[Rebisco]

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 is no problem if all of the people will adapt digital currencies! There is no need to worry because cashless society is really good idea. I know that the bitcoin will change our world in the future.

[acener]

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 believe that it would be a big challenge that might also ruin the lives of those who can't access bitcoin. We all know that tgere are still lots of people who are having a hard time understanding bitcoin specially those poor people who haven't had enough education. They should know everything about bitcoin first.

[limek]

Only decentralized cashless will sustain. Imagine one bad officer manipulate the account in the centralized system. It can be a disaster.

[Ahmat faisol]

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

cash is made long ago and has different laws from each country.
the poor will always hold their trust in real money because they have different forms and codes that are written by using it as a legitimate means of payment from a country and through the money they do business and make the same money each time doing manual transactions and will have services from banks as a form of delivery via credit card each with varying fees.
in the era of the ever-evolving economic activity we do today, we prefer a better way of regular money without bank rules through virtual money that might slightly encourage people to get better without the pressure of each side by the rules more simplified for its users.
every sophisticated technology must have a weakness in every corner that the scouts choose richer victims, just as the money robber selects his victim in any way that relatively chooses his life as his bet.

[scrototeabaggins]

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,

[Gufeng]

If we trying to pursue to use only one currency like bitcoin, then yes it's possible to be, if all countries unite to use it.

[boksoon]

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

We admit that cashless method is not easy to do specially to the poor people but because of the generation high technology system is bringing to all people into progressive way of living, so no reason why people stay in a usuall method because now is the time to use a safest, fastest and convenient way for doing something in everyday lives.

[BitcoinMarketer39]

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

Those people who does not have the capability of earning cryptocurrency should fear the cashless world since they do not have the capability to sustain their daily needs if the government will convert fiat in to digital currency.

[Ondongeric18]

I don't believe in a cashless society happening sooner or later. Consider that every amount of money is carefully evaluated and printed. It is backed up by gold and other precious metals. Giving money to the poor is a good thing but have you wondered why the government isn't printing too much coin? This will only make the market unstable. So i don't think it will happen.

[BlockpassIdentity]

Given that there is already poverty in a cash system, it shows that cash is not the solution.

Blockchain technology is enabling transparent charitable endeavours even at this relatively early stage. If people can see where their money is being used they're more likely to donate.

[GrayFullbuster]

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 hard to achieve cashless society because people will not let cash disappear. The people in our society will hard to adapt the virtual currencies because it is is really complicated. They should have a lot of knowledge for them to understand well how it works.

[SkustaClee]

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 will big effect in our economy and society if cashless society happens. There are positive and negative effects that we will experience. In positive effects, the transaction will become more faster and better. In negative effects, the people will hardly adapt the cryptocurrencies.

[jona]

A cashless payment is not going to be possible in a country were there are so may poor once,computer illiterates,this will create a whole lots of frustrations to this categories of persons 

[Tomborneque_1102]

there are a lot of negative things about having a cashless world. that means everyone is controlled by the government. every transaction is recorded. they can freeze your account at any time they want. we'll have no privacy at all. there will be a big adjustment to the economy and even in the Business Industry. because we don't need banks anymore. and what will happen to poor ones? so there's a lot of things to fear when we have a cashless world.

[LuciferEveningStar]

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

Community has different levels like there are people who are rich and poor so fearing a cashless world will be depending on your state in life, most of the governments will still prefer to use fiat because not everyone in the country does have the capability to earn cryptocurrency.

[Hypnosis00]

Having a cashless world will be quite difficult since you don't know or you don't have a tangible proof of the amount you gain from bitcoin because everything might be based on bitcoin only. We should fear a cashless because there might be hackers that will take your account in bitcoin and might steal the information that you have and your money may also be stolen because it is now easy to do that everyday.

[salterious]

there are a lot of negative things about having a cashless world. that means everyone is controlled by the government. every transaction is recorded. they can freeze your account at any time they want. we'll have no privacy at all. there will be a big adjustment to the economy and even in the Business Industry. because we don't need banks anymore. and what will happen to poor ones? so there's a lot of things to fear when we have a cashless world.

And if that reality isn't enough to scare you into fighting for our privacy, I don't know what is. Some people say they will embrace a cashless society but I am not sure they even know what they are saying yes to at that point. The only way I would agree to cashless society is if Bitcoin was private and nobody could trace my transactions through it and if it was accepted everywhere. I highly doubt that will be the reality, and I will fight tooth and nail to keep cash alive in society for this exact reason.