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Author Topic: Imagine a cashless society  (Read 1731 times)
cutikanzilong
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April 28, 2018, 02:23:08 AM
 #341

I think the future bitcoin can be a simple and very effective payment tool, but it all depends on government policy in a country that must legalize bitcoin as a means of payment in a country
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April 28, 2018, 02:42:12 AM
 #342

I think it could happen but we need to be very careful with such a thing , this will mean that probably all your financial info will be tracked. Privacy coins will be banned by governments and there will be back doors on your phone for the government to check your data. Cash is such an important thing and i think most people fail to see that , they just want bitcoin to succeed without thinking about the consequences.

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April 28, 2018, 02:50:57 AM
 #343

If that is really possible in the future, then how about the beggars, the physically challenged, the oldies and most of all those computer and internet illiterate? I think there's really a conflict about a cashless society concept because there are disadvantages of cryptocurrencies too.

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April 28, 2018, 03:33:26 AM
 #344

If people can just use their phone to pay for something they bought and not needing to use a cash. It will be easier. But not all the people is capable to do that. Cash is still needed. Not everyone have a high tec phone. It will be a disadvantage to those people who did not have it. Also those generation who's not really familiar with technology these days. Like our grandparents and some parents.  They will have a hard time.
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April 28, 2018, 04:50:01 AM
 #345

We all want that to happen but is it the right thing? As you know many people doesnt want that to happen because they are afraid to use cryptocurrency because we humans want to experienced real things some may want to use cash rather than using cards because they feel the experienced the exchange they witness it and this is  a common behavior.

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April 28, 2018, 01:38:22 PM
 #346

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 because the world is innovating same as with bitcoin. Nothing is impossible. I can imagine a cashless society that has high technologies using digital currency to purchase any thing. That is very amazing!

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April 28, 2018, 01:50:35 PM
 #347

 I would be happy to travel around without thinking about my personal wallet be snatch on the street since we can only worry to keep our code in our mind. No need to carry a lot of coins in my pocket since change will be keep online too. it is just wonderful.
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April 28, 2018, 01:59:41 PM
 #348

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?

Most of the advantages you mentioned are for middle and elite classes. Have you imagined those who are in low class? they will need to have smart phones before they could purchase necessities. If fiat money would be removed from the economy because of those convenience, a lot of low class people might die.

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April 28, 2018, 02:02:07 PM
 #349

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?
That is unimaginable, cause it can never happen. Even if we get into making use of electronic form of payments,the physical forms of money will still be there in the bank or wherever they are being stored, cause they are very important and there will be moments when we will all need them. So you can’t be telling me to imagine a cashless society, cause it’s not possible. Even if it does happen in a society, other societies won’t follow such step cause it’s stupidity, and most people living there will just relocate. Hackers will also get into full job of hacking devices and stealing everything in it.

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April 28, 2018, 02:41:23 PM
 #350

I would be happy to travel around without thinking about my personal wallet be snatch on the street since we can only worry to keep our code in our mind. No need to carry a lot of coins in my pocket since change will be keep online too. it is just wonderful.
there is a safe and whether or not, sometimes if you forget your pin then your money or our money will also disappear so quickly. so we also need cash as well for the needs of the occasional small amount. because the need is not always that much.
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April 28, 2018, 03:43:40 PM
 #351

Maybe if at this time people without cash will be very difficult to make transactions and people have to be born back to the old days doing barter system but if people already know bitcoin then without cash was already able to make transactions.
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April 28, 2018, 06:18:11 PM
 #352

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?

Nearly it has been done that mostly our daily works we do it without any use cash like we are paying our bills and online shopping and home delivery for food, without any going the outside and our work done it, so in this while bitcoin is also one most important thing that we use it for international level and deal for everything on online behalf of bitcoin.  

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April 28, 2018, 07:24:11 PM
 #353

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 society would be convenient for us who uses it but would be hard for those who don't have enough idea about it. It would be a problem for those who don't have enough wisdom on how to access it. I think before the government implement a cashless society, they should first educate the society about it.
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April 28, 2018, 10:35:45 PM
 #354

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?
In my own opinion, having a cashless society is a good idea because it is more convenient and more faster. People do not need to stand in a long line just to pay their bills and to get their money in a bank. Many people will agree if the government is planning to make a casgless society. The only problem that we could face in cashless is the security because nowadays there are a lot of hackers that could steal your money in just a second, so probably it is still better to have cash for alternative ways.

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April 29, 2018, 12:46:37 AM
 #355

"A cashless society describes an economic state whereby financial transactions are not conducted with money in the form of physical banknotes or coins, but rather through the transfer of digital information (usually an electronic representation of money) between the transacting parties." - THE COST OF CASH IN THE UNITED STATES (2013) We are seeing this trend of cashless society is rising and already happening in different ways. "Such a concept has been discussed widely, particularly because the world is experiencing a rapid and increasing use of digital methods of recording, managing, and exchanging money in commerce, investment and daily life in many parts of the world, and transactions which would historically have been undertaken with cash are often now undertaken electronically." - Independent In many cases we are already do not using paper money and coins as a payment method.

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April 29, 2018, 01:12:45 AM
 #356

people without cash I do not think it could be that problem because for buying and selling now use cash instead of bitcoin, while not many people use bitcoin and the government has not provided the exchange for daily activities.

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April 29, 2018, 02:20:16 AM
 #357

This sounds great until you think about how a discharged phone will be equated to losing a wallet. It is not necessary to completely switch to this method of payment. A person should have a choice.
I think right now many people in this world will not agree on a cashless society, and i think many people in this world will take for long time until all people in this world will accept and adopt cashless society, and i am sure cashless society can happen in the future.

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April 29, 2018, 02:24:16 AM
 #358

If society does not use cash, it is very good and safe.
May be in the future just a phone, credit card ...
Not afraid of stealing, robbing. Not afraid of danger when carrying cash
I like it.

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April 29, 2018, 03:12:16 AM
 #359

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?
Imagining the world being cashless. So amazing , No confusing with the money, Less crime in public places, Nothing to worry with our bags full of money. All we need is to secure all our money to online wallets . Easiest way of living when we are in cashless society, Easy to buy everything we want in the world.
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April 29, 2018, 10:54:11 AM
 #360

It is so surprising and amazing to have bitcoin and I can't wait to see to have a cashless society, just imagine how our world will work because of this. It is really amazing to have this kind of idea, a big change will come into our world.
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