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Author Topic: Imagine a cashless society  (Read 1727 times)
ufaiz50
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April 29, 2018, 11:14:32 AM
 #361

I do not know, I personally think that using exchange tools such as credit cards and cryptocurrency using blockchain technology is more simple, but if viewed with security I think cash is still good, because we do not directly face to face with the seller in case there is an element fraud.

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April 29, 2018, 12:00:12 PM
 #362

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?

Well, it would be a non crowded place out there because you do not need to go out to pay and buy goods because you can do that even if you are home. You will only see i think delivery boys on the street. and families will just be going to parks for outing maybe. but not going to banks or groceries or supermarkets or department stores because they will just wait for their orders at home.
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April 29, 2018, 12:16:34 PM
 #363

Having a cashless society is possible and I believe that with the help of blockchain technology, we will push through the era of cashless society. Which for me is good thing because even our information will be even more safe and transparent.

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April 29, 2018, 12:30:37 PM
 #364

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?

No need to wait for the longer future. It is already starting to happen right now although we are still on the first phase so to speak. There is still a lot of do in terms of improvements and advances. The future of commerce and business are going to be a lot brighter with Bitcoin. More clients and customers will flock them easily as everything will be one online. There will be no more queues. 

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April 29, 2018, 12:35:35 PM
 #365

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 could and that will make world completly diffrent. For me whole transactions will be easier and faster and what is more it will be more safe thanks to technology that we know from bitcoin.
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April 29, 2018, 12:40:43 PM
 #366

can reduce criminal acts such as theft. because the money is stored in the wallet online / offline, with a password that is only understood by the user.

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April 29, 2018, 12:46:05 PM
 #367

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 are already on this way of cashless payments. I suppose that bitcoin and other cryptocurrencies will be legitimized throughout the world in the nearest future and we will become a cashless society.
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April 29, 2018, 12:46:14 PM
 #368

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.
A cashless payment system would make the monetary policy transmission mechanism more efficient, as there would be very little or no cash available anymore. In particular, it would become possible to implement negative interest rates on a broad front, in order to boost consumption.
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April 29, 2018, 06:55:19 PM
 #369

Just imagining it feels good to us in the digital age. All transactions we just do by pressing hp or gadget we do not need to leave the house and queue. but realizing this is not an easy matter. Currently there are many countries that do not know about bitcoin and cryptocurrency. Also they have not gotten internet access yet. So they still do the traditional buying. It takes a long time to make it happen.
I think cashless doesn't mean having to use cryptocurrency, even using a credit card is including cashless. you are right that if that happens of course it will be very convenient in payment or shopping, you don't need to go outdoors to buy something or pay something, just a knock your finger on your gadget and it has paid off, yeah but it will be difficult to be realized because the world conditions are still not yet support it.
A cashless society will need to work completely different than what we are used to, even all those numbers in the screen that you see when you withdraw money from your credit card or when you use it directly came at first from a person that deposited his money in that bank, so the numbers that you see on the screen originated first from a cash deposit, cash that was printed at first by a government, it will be interesting to see how a government tries to make a cashless world works.

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April 29, 2018, 07:13:13 PM
 #370

Just imagining it feels good to us in the digital age. All transactions we just do by pressing hp or gadget we do not need to leave the house and queue. but realizing this is not an easy matter. Currently there are many countries that do not know about bitcoin and cryptocurrency. Also they have not gotten internet access yet. So they still do the traditional buying. It takes a long time to make it happen.
I think cashless doesn't mean having to use cryptocurrency, even using a credit card is including cashless. you are right that if that happens of course it will be very convenient in payment or shopping, you don't need to go outdoors to buy something or pay something, just a knock your finger on your gadget and it has paid off, yeah but it will be difficult to be realized because the world conditions are still not yet support it.
A cashless society will need to work completely different than what we are used to, even all those numbers in the screen that you see when you withdraw money from your credit card or when you use it directly came at first from a person that deposited his money in that bank, so the numbers that you see on the screen originated first from a cash deposit, cash that was printed at first by a government, it will be interesting to see how a government tries to make a cashless world works.
Yes if government realised that bitcoin is a legal currency and everyone can easily use it everywhere, so bitcoin will use as a currency in every country, we will buy everything for our house and for our family, so i think cash will reduce from this world and bitcoin will replaced anywhere .

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April 29, 2018, 07:58:24 PM
 #371

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?
It would be the biggest innovation of us. It's like we are owning a money but we cannot touch it. We don't need to bring bags, card, money, etc.. It helps our daily life to be easy. Most of us always forgot to bring money but never the phones. So if that happens it will help a lot.



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April 29, 2018, 08:02:32 PM
 #372

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.
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April 29, 2018, 08:27:57 PM
 #373

If bitcoin will be really recognize in the future , the people will be experiencing a cashless society ,because you do not have to bring cash where ever you go even around the world because bitcoin is accepted anywhere ,any establishment, so will be hassle free and cashless transactions.


I think we are already using credit cards now, but using a single currency like bitcoin around the world can be very helpful in transactions, having fewer errors than normal and faster transfer and of course security. Do you think this could happen in the future bitcoin?
Just by using your phone you can buy almost anything. No need to draw atm. No more heavy coins in your pocket. Pay the bills, and buy tickets without standing in line. Very comfortable and takes less time.
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April 29, 2018, 08:32:11 PM
 #374

I am Imagine a cashless society.It has many good sites we can bring money fo here and there for our need.We can transfer digital money to one country to another and crime will be fewer .people can move safely. But The Online digital currency Transaction system possibilities will be not safe.It can be Hack.Every Invention has good and bad sites.We Have To Use it the proper way.

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April 30, 2018, 04:11:50 AM
 #375

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?
It would be the biggest innovation of us. It's like we are owning a money but we cannot touch it. We don't need to bring bags, card, money, etc.. It helps our daily life to be easy. Most of us always forgot to bring money but never the phones. So if that happens it will help a lot.

I agree with you and I think this will reduce the criminals level in every city and we don't have to worry if we want to go to some places. we can buy something and then we don't have to pay with physical money and I think it's more simple and easy to use that money. I think some apps in our android has applied this too and I think it will grow more in the future so soon or later, we don't need to use physical money. but of course, there are still many things that need to be prepared before we used this and it needs to test first so people can use without any problem.
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April 30, 2018, 04:49:44 AM
 #376

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?
Actually its already happens now most of the country, they already known and accepted bitcoins but exchange first into fiat money then they can make bills payment, no more standing long lines, no need to bring cash, in just one click on your phone then you can already make transactions and that's good.

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April 30, 2018, 04:56:22 AM
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I`m surely persuated that it is comming, but I dont know for sure will it be a crypto economy, or just electronic money.
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April 30, 2018, 05:03:35 AM
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Probably Yes.  Cashless is a word which literally means having no cash but in today’s world, it refers to using digital form of payments instead of cash for payment of various expenses or transactions done by the individual. In order to understand this term better let’s look at advantages and disadvantages of cashless economy.

The first and foremost advantage of cashless economy is that an individual does not need to carry cash with him or her everywhere which in turn reduces the chances of theft from wallet, reduces inconvenience due to carrying cash, give freedom from problem of change when transaction is of odd amount, no risk of receiving counterfeit currency and so on.

But sad to say that the biggest disadvantage of the cashless economy is that not everybody has the knowledge of doing digital transactions and hence its reach is limited to urban and semi-urban centers only and therefore it is very difficult to implement cashless economy in the big country where many sections of the society in rural areas is illiterate and poor. Hence the lack of proper infrastructure and education among citizens is disadvantageous as far as the cashless economy is concerned.
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April 30, 2018, 05:10:29 AM
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It would be ideal, but in reality I think it will be impossible. At least in the near future.

How convenient would it be if the world used one unified language? one unified measurement system? and so on?

Government, history, customs etc are the reasons behind blocking such process.
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April 30, 2018, 02:31:20 PM
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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's awesome world.  Grin  But I think using single currency like Bitcoin is not good idea. If you transfer money to the wrong people (bitcoin use address, not the bank ID, it doesn't show the recipient's name), you will not be able to get your money back. Yes, Bitcoin is a modern, fast, convenient currency, but it's not suitable for daily life. If Bitcoin want to be daily currency, it may need to change. The amount of bitcoin is limited, but our need is infinite. I think bitcoin is not a good choice. In cashless world, Bitcoin should be extra selection, i don't hope it will replace cash.
The biggest problem with Bitcoin is that it's too convenient for criminals. I don't think "mankind" like it.

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