Why we should fear a cashless world

[ohkkstaaahp]

Business occurred in our daily basis only depends on a cash. All types of transaction do practice using only by cash. Business establishment most of them depend on cash basis and person to person transactions. It will be somehow very difficult for people to move without cash on hand like buying a fresh cooked food and others..

If the world does not use cash, using virtual currency is very risky. This is a chance for hackers to be duped and misappropriating fraudulent accounts. So many people will fear. I do not believe Crypto will replace cash in the future.

[ShadowBits]

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

The only way for them to survive is also to adapt it. And don't you ever worry about that thing right now since it will have a long time to happen.

[Nylesor]

This cashless world might happen in the near future. As for today everybody are using credit cards for their purchase or use their debit cards. They may also purchase item without the need of going out of your home. The product will be delivered right to your doorsteps. So time will come cashless society will emerge.

[Rose119]

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

The only way for them to survive is also to adapt it. And don't you ever worry about that thing right now since it will have a long time to happen.

As for now some of us using cashless. Many people use credit card, and sometimes bitcoin can also use to buy things and this is only happen to the store who accept bitcoin, for sure in the future many people will use bitcoin if they see how it works.

[jennygamilo]

it is very difficult to lose money in the world when the world's money loses the economy because it's bad for people because they know they do not have to worry about it, and yet if there is no money in the world it's probably foolish when people are going to be the reason they are, why should they work while they do not need money,

[Aristus]

A cashless society is giving complete control over to the bankers.

When implemented (which will happen sooner rather than later) you can expect the following -

1) Negative interest rates - spend your money or watch the balance shrink daily

2) Bail in's - Laws already in place, you are classed as an investor in the bank.  When the bank folds you loose your cash.

3) No more bank runs due to point 2 as there is no longer any physical money to withdraw.

4) Every transaction you make is logged and audited.

5) Not classed as a "good" citizen, they will freeze your account leaving you destitute instantly.

Your wrong bro. There is no reason to fear if cashless society will happen in the future world because this will help the world become more better and every transaction will become convinient, a time saving transaction. You maybe have some points on your proposition and you become so much worried with this. But remember bro that we are approaching the future and the there are many things that are not yet discovered and I believe that one of these things are the solutions.

[BertoloyBTC]

We should not fear a cashless world ,because it will have a good planning so that the world will not be in chaos, when using the digital payments and transactions, the cashless society is the most advance technogy to happen but of course there are already advance planning for this modern technology in the digital world.

[Salesman4coinZ]

You just have to fear a cashless world when the digital currency is controlled by a bank or a corrupt gouverment. When it is a cryptocurrency who is decentralized, you dont have to fear it. Except if you are in to do some ilegal stuff. WHen your in these business, its the best way to stay on fiat money. But for the normal legal use, they would be a lot of benefits from using cryptocurrencies for the mainstream. It would be much safer and you would have always the fully controll of your money.

[zekeshawn]

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

The only way for them to survive is also to adapt it. And don't you ever worry about that thing right now since it will have a long time to happen.

You are right cashless world is not going to happen soon so there is no need to worry and I think by that time everything is going to be operated with machines so we expect that the world already know how this thing works.

[geegaw]

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

Crypto's are the most efficient and convenient to use rather than paper money, With regards to poor people, I guess government will find solutions for poor people if the time may comes.

Crypto is only good when we use to carry out transactions worldwide, more precisely, it is only suitable for long distances, with direct transactions and relatively close distances, it does not clearly show the advantages that it possesses, and it even shows its inconvenience. And I do not think the government can find a solution for the poor when conditions that poverty and lack of knowledge have lasted so long, what they can do is just limited and improved, can not be thoroughly eliminated, a cashless world will be a very distant story, it's not even possible, so we do not need to be afraid when this problem does not come or happen in the time that we exist.

[Freddie Aguiluz]

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

A cashless world means digital world has come, everything is digital and easy to have access with. Theives will have an eassy access to your account and information, we all know that it is so hard to put back to normal all that is damaged. So when someone has hacked and attack your privacy then it will be very hard fix

[c++btc]

Well yes i guess too because in cashless system there are so many risk that you can encounter like transaction errors and also there are so many countries in the world that still hasn't know about internet and also bitcoin but also there is positive effect if the world will be cashless. Like no hassle in paying something.

[geometryboastful0]

There is less security when you go cashless and everything is online and can be hacked.

[Tang lancip]

if we look with the development of our technology easier for transactions without cash.
but if the world without cash tends to be heavy because technology is not evenly distributed. people living in remote and impoverished areas can not yet follow.

[broilsemla0]

I don't know what made others to think such but I would personally say, btcs like heaven for me

[AAfunctionaluppityF]

Cashless world is the future and there is nothing to fear but the government must.

[tamarindbleu]

Again, we need infrastructure. People can just transact with their DNA signature or whatever. Come on. Cashless will make the society prosper. The poor will have access to any trade just with their whatever we can think of.

We should fear a cashless world because all people in this world will not able to used a fiat money or a cash money because in the future digital currency will have a chance to replace fiat and i think it is not a good thing because fiat or cash is almost all people knows how to use.

[Seunbabatunde]

The only reason is that there is scam everywhere.

[thetruth123123]

For me personally, I doubt that many people are thinking the same, but the problem is that in my country not in every place you can pay without cash ;0

[panganib999]

Cashless world as mentioned in the document, it will ruin the poor and the growth of small scale traders. On the whole the technology will make changes but it should be developed in a equal manner to reach all.

It may but it would not be a part of it. I think bitcoin would affect the society in much more positive way that it would provide better and faster way of transaction for people and a chance for people to make a living out of investments and trading with the help of decentralized system of bitcoin and the volatile price of cryptocurrency.