Why we should fear a cashless world

[Lang09]

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.

[Papaczed]

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.

For me cashless world is will never happen in this world because the goverment and a lot of people in this world will not agree that the cash will be replace by digital currency, maybe in the future all people can use Cash and can also digital currency as a payment.

[Indra32]

yes we must be afraid if the world without money is very unlikely because with the advancement of today's technologically sophisticated then all the transaction activity definitely involves cash both cash and non cash. and it is very important for human life

In my opinion Overall technology will make changes but must be developed in the same way to reach all.
The cashless world as mentioned in the document, will destroy the poor and the growth of small-scale traders.

[onyok]

The problem isn't cashless, the problem is a centralized bank system. Bitcoin coud solve the problem for users that don't rely on banks. Bitcoin in this context its like cash (it has no central system that could block your money).

Yeah i gree with this, not the cashless or even the cash money is the problem but it is the system on it..on how it works in a process within our economy. Its all.about how we handle with money and how we deal with it.

[Vaniaevergarden]

I think cashless world is probably our future but it's not the monster and it will not happen over knight, there will be period of adjustment. And that doesn't mean that everything will only be about cryptocurrencies, cashless doesn't mean without fiat money, it will not disappear just we will probably use in electronic transactions and through credit cards.

[Elsonbol]

if ever is non-cash, we will still serve apples or caves, perhaps, the monetary system is pain, but she changes development and exchange of goods according to our requirements.

[jerix]

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, of course, we are afraid of the World without Money. Because in this world everything depends only on money. To meet our daily needs we only need money. To buy something that we want, to buy food or buy anything definitely just needed Money. That's why we can not just drop the money. Money is precious to the lives of all of us.

[patarfweefwee]

Right, a cashless society, although convinient with the advent of the internet will chaste people into classes. Being that the bank will decide on what class you are in your capacity to pay. Also, it's right that bsnks eill have sole control over your accounts but then again, this should have the OK of the governing body. This has the possibility of being abused by banks and state alike.

[jeluhtajem]

I think the fact that not all people can adopt the technology bitcoin has is something that must fix first before entering a cashless society. It needs ro settle first the issue of how to teach uneducated people about bitcoin and how those people in the lower level of the society can access to internet aside from that who will regulate the currency if government can't..I think there's a lot of problem if we enter the cashless society.

[Senja Kemuning]

the main problem of country and economy globally is cahsless, everyone is scared and worried about it because they can be a time bomb that can explode anytime and to overcome this is by subsidizing them.

[mstfprcn]

cashless world is crypto? if yes we dont need to afraid this, if it is not about crypto , we already almost in the cashless world, i see my money just at the bank atm screen

[red_variety]

cashless world means that every transaction you made will be traceable can be good or bad depends on what you do for a living

[jcarlo]

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 the most important thing when we entering cashless world is about avoid from hacker. In digital world. if we dont carefull with our data, our wallet can hack by unresponsible people.

[Betwrong]

cashless world is crypto? if yes we dont need to afraid this, if it is not about crypto , we already almost in the cashless world, i see my money just at the bank atm screen

I agree, crypto would not be the main reason of a cashless world. Plastic cards purchases comprise over 60 percent of all in-person sales in the world already and cryptos have nothing to do with that. Nevertheless, I think cash will never disappear, like postal services have not disappeared following the wide adoption of e-mail. If something possesses unique capabilities, this thing will always be used by some people because of that.

[barryallen1999]

I guess cashless society can bring us some advantages and disadvantages as well. Some advantages maybe btc can hack right away if you did not keep your password,  phones, computers in a very safe mode. Internet connection may interup our transaction as well. But there are some advantages as well in cashless society. It can bring us more earning and fast transaction too.

[realcrypto]

Some many are afraid of cashless financial system. Even currently in my country so many people do not have ATM card, some do not even have bank account. So if you tell such people about digital currency it will sound so abstract and risky. It will take decades for most people to embrace cryptocurrency.

[rhomelmabini]

One reason why we fear the cashless world is the SCAMMERS, Right you read it correct. In this contactless world that we only have transaction thru digital world it is hard to trust person because you cant see your the person you can transact with. All of our action here in the digital world should have a responsibility of what will happen in the near future.

[ArnoldChippy]

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, of course, we are afraid of the World without Money. Because in this world everything depends only on money. To meet our daily needs we only need money. To buy something that we want, to buy food or buy anything definitely just needed Money. That's why we can not just drop the money. Money is precious to the lives of all of us.

I do not think that we should worry about it, because in modern time as all the people are going to use internet and that is the fastest way of communication with each other, so we are expecting that it will be more easy for us to use online currencies as compare to fiat, although some people are worrying about the internet but i think that is now an important part of our life and will present forever.

[BitProCoin]

Cash might be more secure, since it requires someone to physically steal it from you. However, as a society, being cashless might be very valueable.

By reducing the transaction costs we can use resources on more important things, instead of using them on simply transferring funds from one place to another.

[Bella Thorne]

the main problem of country and economy globally is cahsless, everyone is scared and worried about it because they can be a time bomb that can explode anytime and to overcome this is by subsidizing them.

For me we should fear a cashless world because not all people in this world can adopt how to used digital currency, and i believe that some people will still choose or will still prefer fiat or cash because it is always used by all people in this world.