Why we should fear a cashless world

[jak3]

Honestly I do not see any reason to hate a cashless system, digital bank or cryptocurrency system is often better than any bank combined from the whole world. Banks takes the money from US and gives it to others so technically we are spending our own money when we believe that it is in bank. They make profit from our money which the latter give out as the payments of their staff. Bitcoin provides all the security we need and the transparent network which banks cannot provide.

[Smarty14392]

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.

World can easily survive without cash with no problem but the system of world can’t run smoothly without money because if the world was cashless then people has to use some good for exchange like the old times, which is also a mean of cash so the system of world can’t survive without cash because now it is a need of world. Moreover I think no one fear cashless world because everyone has his own idea that how to survive in a cashless world.

[Barbarian]

I think those only who are not capable to use bitcoin or any digital coin are going to be afraid in the Cashless Society. Because if we already entire the Cashless Society it is more easy for us to use it.

You have point, but if we are living in a cashless world, because it will become a centralized and it would be easy for the government to manipulate the currency we are using for and there will be a panic that is going to happen considering government are corrupt, we don't want to be controlled by them as we want freedom to spend our bitcoin funds.

I think centralization will only happen if you use fiat (the government will probably have a digital version of fiat in the next few years) there is no centralization of bitcoin. yeah moreover cashless help us to do the transaction quickly and very flexible to carry wherever. and of course the government will easily see what its citizens do in conducting financial transactions

They are going to try to centralize bitcoin one way or another, we know that mining is centralized so that is a vector of attack that governments can use to try to damage bitcoin, governments have a lot of money they may try to bribe the devs or something or some of the forks may have governments behind it.

[tats14]

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

It is too complicated if the world became a cashless, the poor citizens need a cash or a paper money to survive in this world then how about the rich people? they became rich and richer because of cashless society, for me, I fear cashless society because if the world has been cashless then we poor citizens became poor ever.

[Choyor]

A world without cash will be bad for small communities and small businesses. Because the technology has not covered the entire community and still includes upper-level society and business on a larger scale.

[mia khalifa]

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

because paper money made from wood raw materials, jikq paper money is still in use then the earth will be hot and no more greening, the reduction of cash usage should be done because it is not very efficient and very vulnerable, different from digital currencies such as bitcoin can be open and can be used for any payment.

[BeGoods]

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.

World can easily survive without cash with no problem but the system of world can’t run smoothly without money because if the world was cashless then people has to use some good for exchange like the old times, which is also a mean of cash so the system of world can’t survive without cash because now it is a need of world. Moreover I think no one fear cashless world because everyone has his own idea that how to survive in a cashless world.

fortunately people who already know the technology of course they will not be afraid of cashless precisely they are happy when the digital currency can be implemented in their daily lives because it would be easier for them in making transactions. while the majority of the world today is still not ready to accept that technology? let alone many poor people in the world? certainly many of them still comfortable using cash. they will not understand about new technology dude.

[markint]

I do not think we should worry too much about a world without cash, because towards that tendency the modern currents of the economy seem to be directed as multiple studies by expert economists have shown. However, I think that to reach that moment there is still a long time to go, because certainly there are large sectors of the world population that do not have the means to access the necessary technologies to integrate and live in a cashless world.

[cheann20]

 For me I never want to see this situation and I never dream it, because its too technical, what I mean is natural and simple way of living will be extinct and thats not my visoin of life, I want to stay with this kind of life.. Just like I can pay my bills through my cash from my pocket, I can pay my ice cream using my coins, I will lost my wallet because of my being clumsy. And I dont see all my profits will be in digital way, I have red some that it maybe a way to punished someone like if your not a good one, they may closed all your account , see? it's terrifying and unconditional. And the other reason why I don't want to living with technology is how those people who don't have enough idea or knowledge about of technology or about of this.. Many of people has no weapon to start a battle with this kind of livelihood..

[cryptojac17]

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.

World can easily survive without cash with no problem but the system of world can’t run smoothly without money because if the world was cashless then people has to use some good for exchange like the old times, which is also a mean of cash so the system of world can’t survive without cash because now it is a need of world. Moreover I think no one fear cashless world because everyone has his own idea that how to survive in a cashless world.

fortunately people who already know the technology of course they will not be afraid of cashless precisely they are happy when the digital currency can be implemented in their daily lives because it would be easier for them in making transactions. while the majority of the world today is still not ready to accept that technology? let alone many poor people in the world? certainly many of them still comfortable using cash. they will not understand about new technology dude.

In our time we are doubtfull how these technologies works  aside from we are completely educated because there is no learning institutions who cater formal training about bockchain technology or crypto currency.but for the next generation maybe not a problem for them because technology development still moving forward into a new concept of to secure your investment into cyberworld.

[Digital_Lord]

Fear from hacking because if all of your money are now cashless it is prone to be hacked by someone and worrying this money will not return back to you.

The main issue is that people do not want to know about how the online wallet works but want to have this facility. If we take a little tutorial before adapting to online wallets, we can stay safe from the hackers around the world. Some people have their passwords so weak that even the person who knows nothing about hacking ends up hacking them. Knowledge about the security of the online wallet system is really very mandatory if you want to save yourslelf

Cash is more reliable and secure than digital money and that is the main reason that most of the people fear from cashless world. Everyone satisfies when he sees his money in hard. He is mentally relaxed and digital money cannot be seen and one has the fear of being stolen and hacking.

Computer and internet is not a security guarantee and that’s why people are afraid of digital currency. No one can give surety of a secure bitcoin wallet.

[CARrency]

A world without cash will be bad for small communities and small businesses. Because the technology has not covered the entire community and still includes upper-level society and business on a larger scale.

That is the problem of third world countries, not all of the people there are expecting that the currency they are currently using will be changed, and they are used to using this kind of currency. Do you think people will just accept this kind of currency that will be used in their everyday just like that? I think now, people will be fighting to things that they used to do and use, and I think currency is also one of them.

[Sandijoee]

I think this is something I can not imagine, If in this world there is no money, it is certain that the industry will not grow as fast as it is today. We know that various industries are competing to make as much money as possible. If there is no money, competitiveness and creativity will decrease dramatically. People will not think of gadgets or other electronic goods. Can you imagine, if no money, what goods should be exchanged to get a gadget? By land or gold?

[vergel24official]

Cashless world makes all your transactions traceable, bank and other payment methods can be access those personal info. It is convenient to use cash in small transactions like buying candy bar in store with direct payment hassle free.

[youdacapt]

Cashless world makes all your transactions traceable, bank and other payment methods can be access those personal info. It is convenient to use cash in small transactions like buying candy bar in store with direct payment hassle free.

Transparency and tracking is a very complicated issue, but ultimately the world will require it to be used and leave the already obsolete payment patterns, we are living in the gates of the digital generation era.

The scariest one is that no one can guarantee digital security because it always has security holes, especially crypto currency. I think there are some things that make us keep making traditional payments, the main factor is the minimization of cyber crime.

[MAJICOIN]

Cash is good and cashless world is not good because if we totally dependent over the electronic money or digital money then if there is a problem sometime in the digital currency like the internet is not working somewhere properly how they will utilise their money while cash is used everywhere in the presence and absence of electricity they can fulfil their needs through cash. the less educated people can use cash easily. Crypto is good but cash is also important for us.

[Guapongbadoy]

Cashless society is not bad if that will happen in the future, and this things is unstoppable because technology evolving and become better, so cashless so society in the future is the product of evolving good technology.

[Condoriano]

Eventhough than cashless has its advantage, it is really scary to become a cashless world. Imagine a bank can easily control and manipulate our money and it can be easily freeze so that you wont be able to use it. It might also promote corruption as it takes a lot of process to investigate a transaction and we might just get tired of it.

[mgwm]

Having a cashless world will have a low economy because there is no certain money circulates in the world and the world can be back to past were people exchanging animals for goods and its hard for other people to have that because of the poor living.

[Btcjunpitz18]

Having a cashless world will have a low economy because there is no certain money circulates in the world and the world can be back to past were people exchanging animals for goods and its hard for other people to have that because of the poor living.

We should fear a cashless world specially those developing countries cause half sections of that society in rural areas is illiterate and poor. For this reason the lack of education is very disadvantageous as far as the cashless economy is concerned. Although it is easy to do online transactions but for those people who don't have the knowledge, they will be the victim of online scam, hacking of bank accounts and cyber fraud.