Why we should fear a cashless world

[TiffanyLien23]

For me, i think there's no need to fear a cashless society, if you are holding Bitcoin that is. Bitcoin will explode in value once people realize the importance of it the harsh way. Everyone that didn't instruct him/herself to learn Bitcoin and buy when it was cheap will be rendered an idiot once the value of Bitcoin is understood as the only way to bypass government totalitarian control. It's then when we will see Bitcoin skyrocket to millions of dollars a coin.

[biuifyus]

I think it would be a good thing to be a cashless world, it's a sign of human progress.

The government will not give up legal tender and accept bitcoin. I think the future government will issue its own cryptographic currency.

[spongegar]

It depends on how the government will actually execute a cashless society. People, in the olden times believed barter is a perfect system of trading. When they introduced cash, people started questioning the value of a piece of paper in their hands. Now we could say that yes our cash will be digital, but it will still be backed up by resources and would definitely have value. The problem is how will everyone get to have access to their funds without physical cash to hand out.

[GamingBro]

Cashless world means economy based on digital systems, it's good but with progress scammers and hackers will start improving too. It's not good when your country losing everything because of one terrorist.

[RadikGG]

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 should fear cashless world because  if that happen we all will be under total control, one day can happen blackout in world and all the crypto money could be lost...

[Tynovten_]

In conclusion, money is  a thing that accepted by society to measure value, exchange, and make payments on the purchase of goods and services

Before this money was enacted bartering in former times ,we know for sure and this method is complicated and its has many weaknesses.

 
1. The difficulty of finding a harmonious dual will.
2. The price or value is difficult to determine.
3. Difficulty transporting and storing.

Why do you want to complicate your life if you are given something easy.

[danwanyd]

Mobile payments have swept the world, and people are increasingly relying on digital payments rather than cash.

Cash is almost non-existent, but because it is "almost", we are still using cash.

The most obvious example of a good world: when you go to a store and buy something, you want to pay in cash.

[robynmario]

I think there is nothing to worry about and fear. Will not happen. Cash is important and essential in this society. Developing economies rely on cash, banks to sustain the economy, people's lives and promote the development of businesses. In addition, the easy-to-use nature of cash is part of the habits of the people.

[GeniusAko]

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 should fear a cashless society because there are a lot of things will be changed. I do not know if the economy will become better or will become worse. There should be balance between fiat currency and virtual currency for us to maintain our good economy.

[supergorg27]

I think not everybody will adapt the cashless system like small businesses and even the poor people, of course they don't understand on how it works, they simply need cash so we don't need to fear, there still be cash rotating in our society.

[nazaididuan1]

There is a big downside to the lack of cash transactions, which is that you spend your money more unthinking, happier, and more materialistic.

Cashless society, the concept of wealth, because it has become a currency account, digital account, you become blurred!

[pendekar cinta]

Because with the cash someone does not feel afraid when want to buy an item so the majority of people tend to comply with government regulations to anticipate the occurrence of legal channels in the future.

[solidrock]

The biggest fear I have is that if the power goes I might not have access to my cryptos But I am even more scared of the fiat system hehe

[julzcoinbit]

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 should fear a cashless society because there are a lot of things will be changed. I do not know if the economy will become better or will become worse. There should be balance between fiat currency and virtual currency for us to maintain our good economy.

I don't think so, but due to some evolution of technology this cashless sytem will nearly possible to be happen in the futrue, so we have nothing to do about that. And I surely  those poor people will get affected for that evolution, but surely there will be a way for them as well.

[ArteMixer]

But if cryptos will become a bit more physical, that would fix the problem, integrating also remote parts of the world. That would improve the capitalization of cryptos but would harm their decentralization.

[Panpan66L]

Maybe becouse small business lives out of small and fast transactions, without taxes, hand to hand... Impossible in the case.

[Lakash]

there is no reason to fear a cashless world. if this is going to happen, it will take some time. it’s not gonna happen soon.

[Opekin]

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 should fear a cashless society because there are a lot of things will be changed. I do not know if the economy will become better or will become worse. There should be balance between fiat currency and virtual currency for us to maintain our good economy.

I don't think so, but due to some evolution of technology this cashless sytem will nearly possible to be happen in the futrue, so we have nothing to do about that. And I surely  those poor people will get affected for that evolution, but surely there will be a way for them as well.

We should fear some disavantage and this will be a start of new technology that may harm a people because anytime a people can do bad things for the sake of their own wants especially in about money. I don't worry instead i will do my best to keep safe my money and to thibk ahead of the possibility of losing or being hacked.

[Barcode_]

I don't think there is anything to fear even if the world have reach to a stage that everyone uses digital money to pay for goods and services, I believe the digital payment technology would have already stabilize after multiple rounds of testing and the system will be relatively stable for everyone to use.

[billbear]

I would fear that global unite currency becouse it gives an opportunity to prevent somebody to buy, or sell anything easily.