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Topic: Cashless society (Read 36220 times)
Odelkaleng
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Re: Cashless society
April 19, 2018, 02:43:56 PM
#1701
There have been a lot of people who have been pioneers of the cashless society issue, but the cashless society though helps its also helping to enrich some people who are on top of the matrix, for every transaction made you get to pay transaction fees always
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Choghonl
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Re: Cashless society
April 19, 2018, 03:03:50 PM
#1702
A cashless society would be ideal it would be a solution to a ton of problems in the society it would lessen crimes because there isn't gonna be physical money that you can take, and it would make global and simple transactions hassle less, maybe in the near future it would happened because technology itself is unpredictable and making this happen would not be impossible.
Kingjagat
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Re: Cashless society
April 19, 2018, 03:15:16 PM
#1703
Quote from: Scallywag on September 06, 2017, 01:02:35 AM
Well if i look at my own life 95% of my payments are electronic , it is much more convenient.
So i think it is inevatible we will go there, but it brings alot of problems . if you look just at privacy and a power shortage for example. But people won't care for that because they aren't caring for it now. Nobody holds big amounts of cash and most money is already online. So i think we are going there.
In my opinion In general, I think this will not result in government using cryptocurrency because most of them are decentralized. Something the government does not want.
This is possible, but it will be implemented by the government. This will result in a fiat currency converted to an electronic currency.
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Re: Cashless society
April 19, 2018, 03:42:47 PM
#1704
Quote from: litolmarauder16 on January 21, 2018, 12:12:15 AM
A cashless society wherein a state conducts transactions not with physical money but with the use of digital currencies is a bit far-fetched at this point or even at the years to come. While we cannot ignore the fact that the online transactions and atm's are of much help and convenience, we cannot deny the reality that a society with no cash on hand is really difficult because not all countries are developed enough to have this kind of change. It will take a very long time for all the countries to adapt to the fast-rising technology especially in terms of development in finance.
I think maybe in the near future it will happen because the technology itself is unpredictable and making this happen will not be impossible
A society without money would be ideal it would be a solution to a ton of problems in society that would reduce the crime because there would be no physical money you could take, and that would make the global and simple transactions less troublesome
maemunah
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Re: Cashless society
April 19, 2018, 03:50:45 PM
#1705
it would be very difficult in this world if people without using cash though there is already a lot of digital money that has entered the country of the country in this world. and to the extent that the public needs to require cash currency
futuret
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Re: Cashless society
April 19, 2018, 07:55:25 PM
#1706
Quote from: jona on April 19, 2018, 02:21:09 PM
Cashless society is the reason why cryptocurrency is been created to reduce stress of going to the bank for normal transaction,with cryptocurrency you should be able to kickoff your transactions without third party.
There was a time when the people in Venezuela would pay before starting eating their meal at a restaurant because the prices of the food would rise after they had finished eating. This is because the value of their currency was very unstable and the IMF forecasted he inflation to be spiraling about 13,000 percent this year. This made the people to reduce their demand for cash and adopted the mobile money. The cash simply disappeared. So yeah a cashless society is possible.
Abiky
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Re: Cashless society
April 20, 2018, 02:07:28 AM
#1707
Quote from: samycoin on April 19, 2018, 02:11:09 PM
Nothing is impossible it comes to cashless society because in the next generation world much more rely on technology so I think cashless society is will be alright. The important is we buy what we need even in cashless or in cash.
Agree. In a few years from now, we might be able to experience a cashless society. It will depend on the level of adoption from the people in this world for it to become a reality. As such, it could take a short or long time before everyone on the planet starts making cashless transactions, putting an end to physical fiat for good.
Nevertheless, the more technology rises, the more people will adapt to it, transforming every aspect of our lives not only in finance, but also healthcare, education, and more. With a cashless society, everything would be much more efficient and the worldwide economy would become great again. Just my opinion
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Piggymonster
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Re: Cashless society
April 20, 2018, 03:31:11 AM
#1708
Yes we are moving now to a cashless society where we paid through the use of our gadgets, then it would be a stronger case to consider bitcoin payments. It is only a matter if all the merchants accepts bitcoin and if it is legal to use in a country.
C. Bergmann
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Re: Cashless society
April 20, 2018, 08:50:54 AM
#1709
Well sooner or later this would come true all the fiat are gone , only card it's not a cashless now it's card society , and as of now we can see the changes of our society , still looking forward and can't wait to see our world evolve to a better one.
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azguard2
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Re: Cashless society
April 20, 2018, 04:27:26 PM
#1710
Quote from: Piggymonster on April 20, 2018, 03:31:11 AM
Yes we are moving now to a cashless society where we paid through the use of our gadgets, then it would be a stronger case to consider bitcoin payments. It is only a matter if all the merchants accepts bitcoin and if it is legal to use in a country.
It would be good yes, but many dont like not just bitcoin but crypto as global. Many banks dont like it cuz they cant control it but eventually we will come to the point where we will accept everything just to sell. We are close to become cashless society but many countries still depends from paper money usage. So just one step at the time for the moment.
Dark_Felix
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Re: Cashless society
April 20, 2018, 04:45:09 PM
#1711
i really believe on this insight, i mean it would be a wonderful world if everywhere will be cashless. I mean i'm a person who really hates hassle and loves convenience at it's finest. I mean who else here doesn't want it, so really believe in the power of blockchain technology will be a gateway in order for this one to happen in the future.
BitcoinPaw
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Re: Cashless society
April 20, 2018, 06:12:16 PM
#1712
I'm not sure that world is ready for it. Cash helps people to understand the value of money but when evertything will cahnge to digital many people would be angry for sure.
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m9shn9sh
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Re: Cashless society
April 20, 2018, 07:09:56 PM
#1713
The cashless society will really happen if most of the people will prefer to use digital money than fiat money. If the bitcoin gained so much power, there is a big possibility that the bitcoin can replace the fiat money.
phpartisanmaster
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Re: Cashless society
April 20, 2018, 07:13:23 PM
#1714
Quote from: Abiky on June 14, 2017, 03:41:23 PM
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 really good since we are are all going to use cryptocurrency to pay our bills daily and bitcoins price will grow as well so we can expect a lesser expenses in the future if we use bitcoins daily.
zoomzoom
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Re: Cashless society
April 20, 2018, 07:15:44 PM
#1715
For something to be a necessity like that it would require licensing, government acceptance, and with a blockchain involved - and therefore internationally.. I can see there being big problems. There are a lot of pros for it ofcourse, but I'm not sure it will be a reality anytime soon.
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Friskaadew
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Re: Cashless society
April 20, 2018, 07:23:53 PM
#1716
It's can surely happen someday in future. But there are a lot of decades left for that. Firstly you need near 100% internet availability for all. Secondly there are hacking and internet security issues. Thirdly there are awareness and internet literacy issues. So yes, it will take time and more importantly will of the society and government, but yes, I see that happening in distant future.
J-S
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Re: Cashless society
April 20, 2018, 07:37:52 PM
#1717
Please check my opinion:
https://bitcointalk.org/index.php?topic=3360316.0
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