Cashless society

[No.14]

More like the future because i don't think in the future people will pay with cash but instead of cash all people will pay with cards and you will have a card of bitcoin and all your other coins.

It is a world of technological development as the digital coin dominates the globe. But it is still just a baseless hypothesis.

[robbietobby]

I think bitcoin (btc) would make it all possible, a cashless society. Using debit cards, wallets runned by btc or other coins will rule the economic system. It has been years since the economic has transformed the system including the transactions, collections, gathering, circulations, and etc.

[Sabar90]

This is possible, but this would be implemented by the governments.  This would result into fiat currency being converted to electronic currency. Generally, I think this will not result to the governments using cryptocurrency as most of those are decentralized. Something the governments don't want.

if the Community without our money will not be what "and if the people without money would starve ...

[boyptc]

I do believe by that time crypto currencies will still exist on that moment when we are in the era of cashless society. And after Paypal it was now followed by > crypto currencies so we had the initiative and the government is the one to imply this thing. Those people that are reading about the one world government including myself sees bitcoin is the medium of this society.

[yonjitsu]

It is not far from impossible with the undeniably increasing users of cryptocurrencies around the globe. If the government will also allow this system, i would be glad to be part of it.

[tienigarazz]

It is not possible base on what our technology do. And in the near future it is possible that our society will become a cashless society. And all the paper money  will be gone.

[azguard]

More like the future because i don't think in the future people will pay with cash but instead of cash all people will pay with cards and you will have a card of bitcoin and all your other coins.

It is a world of technological development as the digital coin dominates the globe. But it is still just a baseless hypothesis.

Hypothesis or Compton art or even some bigger plan but still we can speculate on this topic. Many factor and thing must be in perfect order for cashless society to exists not just to to work like we think or speculate. This isnt something that can be done in single day or one year. Think that Japan will be model for this cashless society cuz they accepted bitcoin in day trade. And any possible mistake or setback will be implement in this cashless society some day.

[superplus]

It is not possible base on what our technology do. And in the near future it is possible that our society will become a cashless society. And all the paper money  will be gone.

Society without money? then we will transact if we do not use the money then use what? voucher? lol. The money will remain but the obvious will be in the form of virtual.

[stepwilli]

We are already in the cashless world and plastic money is already being used by the developed and developing countries much commonly. But we are using all this with the support of fiat. Without them all these cards etc are useless. I don’t think so cryptos will eliminate fiat forever even buying bitcoin is too hard in many part of this globe.

Crypto currencies can never make a cashless society as they will be available for only those who understand them. An illiterate person doesn’t know about crypto currencies what these are and how they work.

Even in today’s era not all of the people are well aware of credit/debit cards. So it is impossible to have a cashless society.

[GoodLuck2]

I think that the world will not completely give up cash, because in case of failure, a person will not be able to sell or buy anything. Cash will probably be less, but they will exist.

Cash has been used for centuries for buying and selling goods, moreover people are really comfortable with cash since it is easy to deal with. There are chances that in the near future the usage of cash decreases but as you said, it won’t disappear forever. People will always love to carry cash.

[gabmen]

I think that the world will not completely give up cash, because in case of failure, a person will not be able to sell or buy anything. Cash will probably be less, but they will exist.

Cash has been used for centuries for buying and selling goods, moreover people are really comfortable with cash since it is easy to deal with. There are chances that in the near future the usage of cash decreases but as you said, it won’t disappear forever. People will always love to carry cash.

Being cashless would have its own repercussions in today's society. You can't really expect to go exclusively cashless because it acts as backup when things go wrong with online and crypto. People won't be too keen in dropping cash anytime soon

[LeancyBTC]

I think that the world will not completely give up cash, because in case of failure, a person will not be able to sell or buy anything. Cash will probably be less, but they will exist.

Cash has been used for centuries for buying and selling goods, moreover people are really comfortable with cash since it is easy to deal with. There are chances that in the near future the usage of cash decreases but as you said, it won’t disappear forever. People will always love to carry cash.

I agree with you. It is not to change this fact. Cash wil always exist in our world and it can only be changed into other forms, such as from paper to computer algorithm. Therefore, there will not nothing call a cashless society. We always need something to trade between people and people

[KingdomHearts]

I think that the world will not completely give up cash, because in case of failure, a person will not be able to sell or buy anything. Cash will probably be less, but they will exist.

Cash has been used for centuries for buying and selling goods, moreover people are really comfortable with cash since it is easy to deal with. There are chances that in the near future the usage of cash decreases but as you said, it won’t disappear forever. People will always love to carry cash.

Being cashless would have its own repercussions in today's society. You can't really expect to go exclusively cashless because it acts as backup when things go wrong with online and crypto. People won't be too keen in dropping cash anytime soon

I have the same opinion regarding cashless society and I don’t think so there is as such need of cashless society. It would be much better to use the combination of cash and digital currencies in order to meet our financial demands. Both systems will operate well side by side. People will not appreciate going cashless full time.

[Gozie51]

I do not think cashless society would bring an end to corruption, unaccountability in any case . On the part of the government, I believe some unscrupulous persons in government would still devise means to cheat.

[virtualkeybuyer]

We are already in the cashless world and plastic money is already being used by the developed and developing countries much commonly. But we are using all this with the support of fiat. Without them all these cards etc are useless. I don’t think so cryptos will eliminate fiat forever even buying bitcoin is too hard in many part of this globe.

Crypto currencies can never make a cashless society as they will be available for only those who understand them. An illiterate person doesn’t know about crypto currencies what these are and how they work.

Even in today’s era not all of the people are well aware of credit/debit cards. So it is impossible to have a cashless society.

Exactly! There is hardly any chance that we can see a cashless society ever as far as I think. There is a large community of people who are using paper money since quite long. They will never opt for digital currency especially those who are not well educated. We cannot expect a society without paper money.

[Strught85]

I will not consider that income will totally be changed with cryptocurrencies in long term simply since crypto don't function offline. Crypto is largely for the educated course who know how to use Net and cannot be utilised by every person so i will not believe cashless society is achievable.

[DpremiumTrades]

cashless transaction is already a norm fr some people, but it'll be most unlikely for every single person on earth will use bitcoin as currency since there are still many people that likes cash transaction more than using any form of cashless transaction.

[MarconyGL]

cashless transaction is already a norm fr some people, but it'll be most unlikely for every single person on earth will use bitcoin as currency since there are still many people that likes cash transaction more than using any form of cashless transaction.

Now most people use bitcoin not as a currency, but as earnings and then exchange it for the currency of their country. I think in the future it will be used also because the commission for the transaction is too high for small purchases.

[Sabar90]

I think people without cash will happen with their economy because there is no cash

[Lolang]

Have you ever wondered how would the world's economy be like in the future as a cashless society?

Perhaps, with the increased traction of blockchain acceptance nowadays, could lead to the creation of digital fiat currencies powered by blockchains that are managed by governments themselves. With this in mind, there would be no need for physical cash, as digital fiat currencies would provide many advantages such as quick settlement, global payments, full transparency, implants use on citizens to make payments, and more.

If this becomes a reality, which I'm sure that it will, it would radically transform our lives for the better and reduce criminal activity as a result of the full transparency and auditability that a digital fiat currency would have thanks to the power of the blockchain technology.

Also, it makes me wonder if cryptocurrencies like Bitcoin would exist by that time, or will they co-exist with digital fiat currencies.

Nevertheless, I would like to know your opinion about this. 

Cashless society is like a dream for every individual but it is not impossible to happen. Yes, it is better in some ways like reduction of Criminal activities, hassle free, no more long transaction at the office. On the other hand, it will make people more dependent with technology, less socialization less interaction with others. Nevertheless, it will be really helpful. Everything has its own advantages and disadvantages anyway.