Why we should fear a cashless world

[pixie85]

because if we are still using cash and using paper money then it is not very efficient and can make the paper material run out and the earth becomes very arid, we must reduce the circulation of paper money and reduce the use of paper money.

Do you really believe that printing of paper money destroys the earth? It just proves that you have no idea how bills are made! Paper money are paper only by name. Here's a nice reading for you:

The paper, also known as the substrate, is a special blend of 75% cotton and 25% linen to give it the proper feel. It contains small segments of red and blue fibers scattered throughout for visual identification.
http://www.madehow.com/Volume-3/Paper-Currency.html#ixzz51XtgpfBp


And here's another excerpt:

Not a single tree is cut down to make the great American greenback. It’s not because the government has instituted an environmentally responsible recycling program, but rather because the paper used for currency is completely unlike the stuff we use for printing and writing. Wood pulp-based paper is designed to be affordable and mass produced, but is not necessarily very durable.

[splat44]

There will no corrput nation if cashless society implement. governments wants to manipulate also the market if it goes viral. i think one reason why we should be cashless so that we don't have a hard time lose our money. our gadgets is our new money now.

[mrcash02]

We were fear to cashless world because in this kind of society we have no assurance. Why? Because technology is made by people, some innocent people were possible to hack or steal their money without knowing and it's hard for them to determine what happen? Also systems of all digital currencies had no hard security to protect the amount of all users. Moreover there were no insurance for the people who save high amount, it means that savings in digital world was taking your own risks too.

In our cash societies there aren't assurances too. If your currency crashes you will lose all your money value... With digital currencies I agree that it's not different, anyway none of them are effective from the assurance point of view. So we need to have physical items that have price and get price along the time. They could be lands, ores, relics... Cashless society or not it doesn't change anything, the human nature will be the same.

[yoseph]

We were fear to cashless world because in this kind of society we have no assurance. Why? Because technology is made by people, some innocent people were possible to hack or steal their money without knowing and it's hard for them to determine what happen? Also systems of all digital currencies had no hard security to protect the amount of all users. Moreover there were no insurance for the people who save high amount, it means that savings in digital world was taking your own risks too.

In this world, we have to adapt or you get left behind, with those small and medium they have to adapt because the era of a cashless society will be coming very soon whether they like it or not. At the moment its even here and soon its going to be the only means of payment and i think i will be okay with it because FIAT takes a lot of natural resources to make.

[dantheman666]

Poor people and small businesses rely on cash. A cashless society would dream come true for a tyrannical state that can monitor and regulate every aspect of our lives that involves money.

[Aryanto28]

whether it feels fair to those who do not have non-cash facilities such as credit cards and bank accounts. Surely they will find it difficult if the world without cash, the fate of small traders will be difficult in buying and selling merchandise. so naturally if they are afraid of the world without cash.

[Dodoymabs]

There will no corrput nation if cashless society implement. governments wants to manipulate also the market if it goes viral. i think one reason why we should be cashless so that we don't have a hard time lose our money. our gadgets is our new money now.

Still there are disadvantages about cashless society like hacking the system which is have a higher chance of losing all the money in just one click. This idea is really good but in terms of security level I think they need to really focus on every possible disadvantages so that in the near future this disadvantages will be resolved.

[voztata]

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.

Having a cashless world is really not a good idea and that is total madness. Yes, small businesses needs cash, but it’s not only small businesses, there are also other things that deserves. Another thing you need to know is that having a cashless world we require everyone to have computers and smart phones.

There are people in this world that can’t afford a tooth brush, not to even talk of having a smart phone and computer. So I say no to cashless world.

[nagatraju]

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.

Having a cashless world is really not a good idea and that is total madness. Yes, small businesses needs cash, but it’s not only small businesses, there are also other things that deserves. Another thing you need to know is that having a cashless world we require everyone to have computers and smart phones.

There are people in this world that can’t afford a tooth brush, not to even talk of having a smart phone and computer. So I say no to cashless world.

I won't argue, because it is necessary to face the truth and see that the world is full of people who are needed in elementary things...they won't be able to take advantage of non-cash world

[KalaiBTC]

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 thing is normal social media accounts are already hackable, it just needs the right push for people to do it. Now, imagine something that involves money and not to mention that the value of bitcoin is way higher than our usual money. If cash was to be eliminated, then it might cause some problems online not just hacking, but more.

Lots of people are investing their life time savings and still they are afraid of losing their money because now a day’s hacking world has been reached on boom and there are lot of people who are losing their money through the hackers. That’s why people are afraid of clashes the world. Money has become very important part of our society. It’s the basic need of every human for buying the goods for the survival of life.

[Barbarian]

Are you saying we should be in fear now? Why should we be in fear? We are almost in a cashless world as it stands right now. I think the figure is that only 30% of all the money currently held today is in cash whereas it used to be 100% before the invention of digital transactions. Which means every day less and less cash is out there to be used by people and transactions are becoming more and more digital.

No point in feeling fear especially now that bitcoin is around and it is not going to disappear, it does not matter if cash disappears, bitcoin will be around and that will allow us to escape complete surveillance from governments they may try to attack bitcoin to change this but bitcoin cannot be killed that easily and they know it.

[Bonakid]

Cashless is not advisable for everybody especially to those persons who are unable to read and write,use mobile phones or any gadgets using our new technology,I think it will not be useful for those who have no knowldge on it.Cash is important to us it cannot be replace by any other currency.

[sampalokmix]

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

Well I am not really agree with cashless society cause lets accept it, we cannot force people to accept Bitcoin and live according to technology, and a cashless society seems to produced so much problem to community and people who cannot afford this kind of what so called development will be the most unfortunate people if this will be implemented.

[doycku]

I can not know the opinions of other people, but I will say so personally, I am not afraid of cashlessness, it is very convenient to pay in a store or in a cafe with a card. It's good when the money is on the card, but not scattered throughout the bag. In general, it does not frighten me at all.

[changcloy]

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.

right this will be a big effect to the small bussiness or traders and it is a bad effect to them so it means many people will suffer in a cashless world and there is possibility that small bussiness will be forced to closed...cashless is okay because it is veru accessible but hoping that having cash on hand will not gone.

[laravuemaster]

In my own opinion, The only people that were going to be afraid of cashless world  are the those who are working for the government because of our leaders today are corrupting the country and they might get caught in their transactions.

[RavenHood]

In my opinion, we would not worry in a cashless society. In the 20th century, we were already using credit cards to pay our bills, things, investment, etc. so why we need to fear in the cashless world. Technology is giving us some opportunity to upgrade our society, have some freedom at tax and less fee. Bitcoin is also a currency, but it is digital, so it depends on the acceptance of the people if they would embrace the cashless world.

[GREATLOVE]

We should fear the Cashless Society because we will ended a very nice green environment where people is not relying on the internet. If we enter this Cashless Society we do needs internet and modern things.

[weblaraveluser]

There is no need to fear on a cashless world because if every country will be using bitcoins then it means the transactions is more secured and no illegal activities will be made because they will be detected quickly.

[readygoaw]

no one in the world are pleased to lose money, but also no rich people never lose money. contrast, a lot of the poor are never lose serupiah also, since they actually never invest or business at all.

When all the money will be in our country's account in sight, then they will all know about us. And then great control will begin and demand from us, where did we get this money, and also pays to pay taxes.