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Author Topic: Imagine a cashless society  (Read 1728 times)
ajochems
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April 15, 2018, 03:42:29 PM
 #121

This will be the reflect of cashless society. Many had give a red carpet welcome  to cashless society,because they don't want to stand in a line .In money country ,we are not ok with this .Even to get over money, we need to visit the ATM.Bitcoin made all this easy one.We can transfer money by scanning as like in online bill pay.



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1714862300
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Reid
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April 15, 2018, 03:51:20 PM
 #122

Should be.
The technology is not getting futuristic. I did not really expect that it would come to this.
it is like 90 percent of the population now, even the poor have a smartphone in their hands. They are way getting cheaper.

So I think it is time everything should also change when it comes to spending money.
I dont have a credit card for I dont really trust the bank and I only have my debit card just because the company makes it mandatory for payroll.
Now I dont want to be going to an ATM just so I could cash it out and mostly they are not working or dont have the cash anymore to spit out.

If we could transact with a smartphone then it will be an ease for every human being.
Snappycoco
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April 15, 2018, 03:54:55 PM
 #123

It has a very high chance that this could happen. Reason is because its easy and simple. It might be hard for those who dont know how to use smartphones but with the modern world, I guess all people will know how to use one. It might happen but I guess not all country will agree with it.
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April 15, 2018, 03:59:20 PM
 #124

Going cashless is great. Even our country also initiated such a move buy the promoting the use of online transfers, cheque payments, net banking, digital wallets like paypal and others. But it was just an idea...nothing was being implemented on a serious note. In fact the illiterate section of the society was not bothered to go cashless. For them cash is the only method to go for transacting and they also fear the banking. Government even wanted to go for 100% financial inclusion but in vain. And what you are talking about here is just the use of single currency that is bitcoin. i cannot imagine such a thing in my country India where they are not at all interested to accept bitcoin!! But i think using only bitcoin will make the things go a little time consuming. Also the transaction fees is very high. However right now this seems far more away from the reality... so cannot say anything!!
izanagi narukami
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April 15, 2018, 04:05:55 PM
 #125

I think, the future will be like Jarvis ( Iron Man )
Internet is big and keep advance from time to time and bitcoin occur become the trendsetter for digital transaction that have quick progress of popularity
I won't be surprise if the future, bitcoin become legal currency for all country !

Smiley
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April 15, 2018, 04:08:10 PM
 #126

But if it happens, it will be in more than dozens of years from now, it is not going to happen in a few years from now like many people is thinking that it will be (in 2020 as an example)
This is a process, and it will take some time.
This will be the reflect of cashless society. Many had give a red carpet welcome  to cashless society,because they don't want to stand in a line .In money country ,we are not ok with this .Even to get over money, we need to visit the ATM.Bitcoin made all this easy one.We can transfer money by scanning as like in online bill pay.


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webdevmastery
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April 15, 2018, 04:15:20 PM
 #127

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

Cashless country is really good because there are a lot of people today who being scammed and robbed out in our society and government will implement a cashless society then it will be be easier to purchase anything online and much faster transactions as well.
PhucS
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April 15, 2018, 04:35:46 PM
 #128

Yes, I think this is possible. We are living in the era of industrialization, the 4.0 era with the cryptocurrency market is gradually becoming popular, not using cash is very possible. As you said, nowadays, we can use online payment by phone or use Bitcoin, is simple and has many convenient. However, it also exists a few difficulties. Poor people are still very dependent on cash, they can't access to technology and especially crypto. Moreover, this depends heavily on technology and it can be attacked by hackers
Lodipetmalu
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April 15, 2018, 04:44:55 PM
 #129

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

Yes, it is possible to impose cashless as modern days all the things was upgraded and if that will happen you have no worries if you go out coz you have no cash to disclose, thief and holdup will eliminate.
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April 15, 2018, 06:36:33 PM
 #130

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?
Yes it may happen in the future if growth in all sectors grows well with bitcoin, we expect the world to accept bitcoin as a tool for transacting now and possibly in the future. I really want it to be true because so far I have felt the benefits of ease of transactions using bitcoin.

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April 15, 2018, 06:40:30 PM
 #131

The problem with cashless transactions is that there is no physical value or collateral. For Example, the USA government just print extra notes but have a deficit of billions. If there is no physical cash, then there is no physical currency or value 
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April 15, 2018, 07:13:22 PM
 #132

it seems can not imagine if cash is not used anymore, because the daily needs of course require cash for the alar sale and purchase transactions we need later
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April 16, 2018, 02:00:32 AM
 #133

I think cashless society is already happening around us, we have seen that many people use their card, debit card or credit card, to buy something in the shopping store or in the online store. they don't have to use their physical money but only use the card. and I think in the future, there will more opportunity for us to see people buying something only use the QR code and pay the things in the store. the resources of physical money will be reduced from year by year and realize or not, we need something new that will solve this problem and I think cryptocurrency can be another solution besides using the cards.
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April 16, 2018, 02:58:28 AM
 #134

It is possible for all kinds of societies everywhere in the world to be cashless but not in the present.
There are a lot of considerations to be taken upon. One is that not all have access on technology and internet and cryptos rely on it. Second is that it is highly volatile, there is a hardship in spending it.
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April 16, 2018, 03:15:09 AM
Last edit: April 17, 2018, 06:21:34 PM by dynospytan
 #135

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

We all know that digital currency is becoming more popular that's why is it possible that it will happen that in the future. But, we should also remember that bitcoin cannot still replace our real currency. Maybe if we can use bitcoin as a transaction in any store, real currency is still cannot be remove. Why? it is because of bitcoin volatility. Of course we all know that all the items in any store has their own price. But if you want to buy that item at exact price, you need to convert your bitcoin into real currency, unless if the management will accept it in bitcoin.
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April 16, 2018, 03:27:41 AM
 #136

I like the concept of virtual money and transactions but I still want to have physical cash. Things that we only see virtually does not makes us feel that we have it. It's just made-believe for me and just numbers. I also believe that most people don't like cashless society too.
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April 16, 2018, 03:48:37 AM
 #137

聽起來不錯
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April 16, 2018, 04:23:37 AM
 #138

Well it could be nice to think that instead of bringing a bulky wallet with cards and cash, you only need is a smart phone.
On the other hand, smart phones shall be guarded and take care of as twice as the matter. Because everything is in a phone.
I don't know, it will be a hard time for us to adapt in world there is no physical money or cash.
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April 16, 2018, 06:51:07 AM
 #139

Just by using your phone, you could purchase almost anything. No need to withdraw on an atm. No more heavy coins on your pocket. Paying bills, and purchasing tickets without standing on a line. Very convenient and less time consuming. I know we're already using credit cards right now, but using a single currency like bitcoin world wide could really help on transaction, having less error than the normal and faster transfer and of course the security. Do you guys think this could happen in the future of bitcoin?

Cashless country is really good because there are a lot of people today who being scammed and robbed out in our society and government will implement a cashless society then it will be be easier to purchase anything online and much faster transactions as well.
Yes it will make us easy and reliable for payment and shopping as online payment, but now and cash out within few minutes is now possible with bitcoin, there is nothing in the world that we buy with money and we cannot buy with bitcoin,  bitcoin is very easy to use you can carry a lot of bitcoin at the same time without any fear of being robed it reduces the danger for your life too, so I want to invest in bitcoin I prefer to use bitcoin than cash and I will be happy a for a modern society without any fiat or cash.
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April 16, 2018, 07:10:50 AM
 #140

Sometimes, I imagined it that way. No more hassle in buying stuffs. But so far, I know for a fact that it is also dangerous. It is still involves money, it's just that we can use our cellphones to transact. I agree that it is more convenient in so many ways. However, how can banks and governments handle that situation?
There are very much rare chances of a cashless society and that in case this thing ever happens, this will make this world far better place to live and that it will surely remove any worries of keeping any of the paper money in your wallet as you can then use your crypto coins in your wallet and that you can use that crypto currency for the sake of buying different sort of things and that will surely help you in having more earning too because of increase in the market value of crypto coins after sometime.
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