Why we should fear a cashless world

[Bobocantik]

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

[1714806596]

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[1714806596]

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[zedicus]

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

In despite of disadvantages we can expect big chanhes in our government and how we used to spend money. If this happens we can't do anything jist to accept what we need. Robbery would be much higher and snatching because all in one our money was in our cold wallets, gadgets and not in the bank anymore. Think of what is it too easy for bad guys to be able to catch up one person if he/she is the only one walking arounds something like that.

[VapeCoinKeks]

Because if we lose the card, we can't buy ourselves a beer and stay sober, and that's not good.

[Ishiro5]

Cashless will someday happen, just like the world evolved from cowries and trade by barter. But by the time cashless happens, the world would have evolved up to that point and even the poor would have no option. At that point, it becomes a norm and nothing to be feared because sustainable systems would have evolved to dilute the fears and risks involved in a completely cashless world. But i think that is still a very long way from here.

[fianaindriati]

Because if we lose the card, we can't buy ourselves a beer and stay sober, and that's not good.

we need that cash as a reserve for our needs, and certain moments like the sudden moment and we need them all. without cash and we just rely on the card is very difficult too.

[aishyoo17]

I fear it because it favors people that have money especially wealthy people. Poor people are supposed to work to earn money to buy for their food but because it's a cashless society, they need to spend first for the internet and electricity to make transactions which will reduce the amount of food that they can eat.

I think most of the people uses the internet not so that's not something to be worried about and if cashless society will happen I think its understandable that everything is transacted through technology so I guess we will all adopt it little by little. They won't implement it right away just like what happened when they switched to paper money from using gold.

[Bitcoin2009]

As we know that the main economic problem is cashless, but it should be able to be utilized because they are the true economic drivers, providing free education and benefits to the state to help them.

[clarky]

Business passed off in our day by day groundwork only relies upon on a cash. All sorts of transaction do exercise the use of only with the aid of cash. Business establishment most of them rely on money basis and individual to individual transactions. It will be by hook or by crook very tough for people to pass except money on hand like buying a clean cooked meals and others. Also, what would the homeless and the negative do except cash? In western Europe nowadays, it is getting greater and extra difficult to live barring a bank account, and you may cease up paying a great deal greater for some services. The cashless society that some see as the future will be hell to the poor.

[East2011]

I always fear a cashless society because it is not fair for everyone. Like those people who don't know how to use gadgets and any technologies.

[klasik1980]

Yes, the non-cash world is getting bigger. I even notice on my own that I pay for everything by cashless settlement, including communal services, products and everything else. Yes it is certainly convenient. But I for some reason trust the cash more. It's safer when you hold them in your hands.

[Friskaadew]

Maybe the fear just happens to the layman who does not understand crypto or virtual money. Because they must think how to get the virtual money or crypto, how to save it, whether safe or not and others. For those of us who already understand and know about it will certainly feel relaxed and ready to face the world without paper money or real money.

[ahmad21]

A cashless world has many advantages like no need to carry cash, no wastage of money due to tearing of notes and less loss of money. But this has many harmful effects also. The “banks” who are already playing the role of gangsters in the world would become the “underworld don”. The transactions for transferring money from one person to another would become costlier which can be done for free with fiat. A bank charges a fee for issuing Debit card or ATM card whether you withdraw money or not. This will also increase as your entire funds will be with the banks. But yes if we use blockchain in the same scenario by putting our funds into blocks then this cashless world will be the one where we will be the real owner of our money. But the uncontrolled supply and demand may be really tough for common people.

[kive2k]

I do not think that this is threatening us in the near future, we still need to do a lot of work so that the first states that have switched to a completely non-cash system of calculation appeared ...

[bib24]

For me change is something we need to face and not to fear, if they will really implement a cashless market in future then they should make it accessible to everyone regardless of you status in the society. 

[Intersan]

For me change is something we need to face and not to fear, if they will really implement a cashless market in future then they should make it accessible to everyone regardless of you status in the society.  

Agree, we can not avoid to think that it will be possible to hack or possible lost our coin online, and they don't know the others how it works in our society. But for sure if they know the advantages of cryptocurrency now and to the future especially in payment transaction, they will encourage to use this because besides that it is another source of income.

[NyLymZbl]

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

I think if the world becomes cashless, there will definitely be another payment method for the poor and small businesses. They are a small part of human society so they will never be abandoned. This has taken place in the present and in the past.

[simpleholmes]

in cashless society centralization would be in a tremendous levels and poor become poorer and rich richer as always has been with any kind of innvoation, it is a mad world.

[konteskarlo]

Because the world without money will be troublesome, because not everyone in this world can use digital money, so if money is lost then the poor will become more miserable ...

[pheonyx]

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

This is nothing to be fear of, cashless society is a friendly users, think about this: this is all about money and all are using it so the government will not fail to contribute the very best thing just to provide the concern of the society.

[minersday]

I would not like to live in a world like that, take a look over it, and imagine how fatal it could be.
What is gonna be about all those people who do not even know how to manage cryptos? Are they gonna be poor because of that?

This is not good at all.