Does this mean Cash will be extinct?

[frowsiter]

I don't think so. Yes it's good thing that cryptocurrency was develop, but it was not made to replace paper fiat or cash, instead it was develop to reinforce currency as we know it and to introduce alternative ways. Besides, not all people can readily accepts a society without cash. I also believe that it will create more problems than solutions if we totally extinct cash.

Bitcoin was specifically created to replace fiat money due to the corruption that centralization promotes.

No way. How can corruption can be stopped with a currency like decentralised bitcoin. I mean if we can't control the corruption with centralised currency which can be tracked all the time then how can we do the same with bitcoin which can't be tracked if moved around crazy.

It was not made to replace the fiat at all and there were no plans like this in the first place. All the algorithm and stuff was made out of curiosity to change the way we do transactions and keep it anonymous. That is all the bitcoin is about and it will be like that always.

[bambazamba]

I don't think so. Yes it's good thing that cryptocurrency was develop, but it was not made to replace paper fiat or cash, instead it was develop to reinforce currency as we know it and to introduce alternative ways. Besides, not all people can readily accepts a society without cash. I also believe that it will create more problems than solutions if we totally extinct cash.

Bitcoin was specifically created to replace fiat money due to the corruption that centralization promotes.

No, Bitcoin is created to have an smooth transactions without the need of any banks or companies to transfer money from one place to another and it makes transactions anonymous. For example, Signature campaign managers hold big amount of bitcoin like 2 BTC or 3 BTC for campaigns and distribute that at the end of the campaign but these whole transactions are  hidden from government. So,  i think it will boost corruption rather than stopping if proper rules are not formed. 

[Granxis]

I believe most is that the physical costs will come out of use some day. the paper currency is constantly falling, the change money is taking up unnecessary space. We are permanently hygienically endangered. Get out the physical money.

[UchihaRukawa]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

I think that would be hard to do, money or should I say paper money is not gonna go down that easily, I think cryptocurrency and and paper money are meant to work together, one will work better with the help of the other. So I think cash is not gonna go anywhere, but will be working together with cryptocurrencies.

[matchi2011]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

I think that would be hard to do, money or should I say paper money is not gonna go down that easily, I think cryptocurrency and and paper money are meant to work together, one will work better with the help of the other. So I think cash is not gonna go anywhere, but will be working together with cryptocurrencies.

Exactly. No need to remove one and depend entirely on the other. Bitcoin can act as a contingency for fiat and the other way around if something happens to either of them. And people's lives would be much more convenient if they have both fiat and crypto at their disposal and use depending on different situations

[GideonGono]

No. It will not. Fiat will stay. Bitcoin will stay. Both of them stays. They have their pros and cons which will bring the economy a lot of growth and the absence of fiat would lead to a negative outcome in my opinion.

[3la9l_kolbaCa]

of course not! cash is different to crypto there is a big big difference about it you know. cash is used by the people in their everyday life, it can't be extinct there are also many people will be rally about that and make complain about the cash system that you are saying, it is impossible to extinct cash.

[000JC88]

Probably until 2020 we are going to have a cryto token economy.

[PrinceCaspian]

I don't think that the cash will be extinct because cash is very powerful and there is a lot of users it all over the world and the government are backing them up in case of the problem and that is why the cash is even more unstoppable than bitcoin and other cryptocurrency so the extinction will never happen right now and even in the future.

[BTCMILLIONAIRE]

I don't think so. Yes it's good thing that cryptocurrency was develop, but it was not made to replace paper fiat or cash, instead it was develop to reinforce currency as we know it and to introduce alternative ways. Besides, not all people can readily accepts a society without cash. I also believe that it will create more problems than solutions if we totally extinct cash.

Bitcoin was specifically created to replace fiat money due to the corruption that centralization promotes.

No way. How can corruption can be stopped with a currency like decentralised bitcoin. I mean if we can't control the corruption with centralised currency which can be tracked all the time then how can we do the same with bitcoin which can't be tracked if moved around crazy.

It was not made to replace the fiat at all and there were no plans like this in the first place. All the algorithm and stuff was made out of curiosity to change the way we do transactions and keep it anonymous. That is all the bitcoin is about and it will be like that always.

The first instance of corruption is introduced at the level at which fiat currency is created. Bitcoin cuts the snake's head off instead of the tip of its tail.

I don't think so. Yes it's good thing that cryptocurrency was develop, but it was not made to replace paper fiat or cash, instead it was develop to reinforce currency as we know it and to introduce alternative ways. Besides, not all people can readily accepts a society without cash. I also believe that it will create more problems than solutions if we totally extinct cash.

Bitcoin was specifically created to replace fiat money due to the corruption that centralization promotes.

No, Bitcoin is created to have an smooth transactions without the need of any banks or companies to transfer money from one place to another and it makes transactions anonymous. For example, Signature campaign managers hold big amount of bitcoin like 2 BTC or 3 BTC for campaigns and distribute that at the end of the campaign but these whole transactions are  hidden from government. So,  i think it will boost corruption rather than stopping if proper rules are not formed. 

You are wrong. Please research why Bitcoin was created yourself. It was not so a regulator could come and step in to control the flow of money, because that's what created most of the economic collapses in modern history.

[LordDisick]

Cash depends on the government of one's country. They are the one's who regulate the flow of the money within the premises of their country. Thus they are the only ones who can decide and the first one who knows that cash is already extinct.

Yeah right, in every country its all up to their government to change their currency from cash/fiat to digital. It doesn't mean that since Sweden are planning to eliminate cash it also applies to other country its a case to case basis. Maybe in sweden cryptocurrency are legal their. In my own opinion cash will not going to be instinct anytime soon.

[BTCMILLIONAIRE]

Cash depends on the government of one's country. They are the one's who regulate the flow of the money within the premises of their country. Thus they are the only ones who can decide and the first one who knows that cash is already extinct.

Yeah right, in every country its all up to their government to change their currency from cash/fiat to digital. It doesn't mean that since Sweden are planning to eliminate cash it also applies to other country its a case to case basis. Maybe in sweden cryptocurrency are legal their. In my own opinion cash will not going to be instinct anytime soon.

Fiat can be digital, cash can not.

[prince05]

cash will never go extinct as this is the only currency which is accepted throughout the world as far as we know it, if some countries are planning to go cashless that would be a major shift as the whole world might be affected. Not all countries have the technology to go cashless so I guess cash will still be there.. yes it will be minimize but never will it be extinct in my opinion.

[popo0709]

i guess this will not be in the near future..removing real money will be very difficult..imagine buying a single candy through online transactions or atm cards..service charge will be bigger than you are buying..

[aizenbryle]

I think no, because removing real money is not a good idea. Most of the services need a paper money, it will do harm more than good

[Meowth05]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

No I don't think so because paying with cash is embeded in our daily life. Paying with cash cannot be remove nor vanish because it is the old way mode of payment. Most of the people are much prefer to use cash instead on digital currency because store are mostly accepting a fiat as payment.

[websoftwareengineer]

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

No I don't think so because paying with cash is embeded in our daily life. Paying with cash cannot be remove nor vanish because it is the old way mode of payment. Most of the people are much prefer to use cash instead on digital currency because store are mostly accepting a fiat as payment.

Cash will always exist and never be removed nation wide, Fiat is the very first currency to use nation wide and not every country is using bitcoins and it was hard to adopt immediately for governments to migrate their currency.

[Erkallys]

This is no secret that about every developed country in the world except maybe the United States try to ban cash to spy on its people. Because if there is no cash, you pay using credit card, and with this payment method there is tracks for ever of what you bought at which place at which price. It is a true Orwellian nightmare, but it seems that it shocks no one...

[crustez00]

If another country agreed to that suit and follow sweden. and for sure cash is gonna useless in the country that apply that suit. but, in another region/ country, cash is still used. I doubt if in this planet, cash will extinct in all over region. but, if we live in cashless era, i don't mind too. it's convenient 

[BTCMILLIONAIRE]

If another country agreed to that suit and follow sweden. and for sure cash is gonna useless in the country that apply that suit. but, in another region/ country, cash is still used. I doubt if in this planet, cash will extinct in all over region. but, if we live in cashless era, i don't mind too. it's convenient 

If politicians don't flex too hard and send us into nuclear winter, cashless societies will just be a matter of time.