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Author Topic: Imagine a cashless society  (Read 1129 times)
genset88
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April 30, 2018, 02:31:20 PM
 #381

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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April 30, 2018, 02:47:15 PM
 #382

Yes, it is hard to imagine a society without cash. There are too many problems going around paying for the costs of living or trading. bitcoin, crypto, debitcard can replace cash with features that are nice and efficient. However, internet problems or features from the technology required require such things as a device, a computer, or a phone. It can cause more hassle or complexity in making payments.

I do not think that the government will remove cash - one that is considered the most successful tool in their centralized operation and management. So, I think the cashless society is not feasible in the real world.
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April 30, 2018, 03:42:59 PM
 #383

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?
A non-cash society will definitely grow, so many people are joining Bitcoin to get virtual currency, and the world is now developing a virtual currency with a big model. , I think in the future cash will not survive to grow as many virtual coins. In my country cash has been less used.
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April 30, 2018, 03:59:29 PM
 #384

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?
A non-cash society will definitely grow, so many people are joining Bitcoin to get virtual currency, and the world is now developing a virtual currency with a big model. , I think in the future cash will not survive to grow as many virtual coins. In my country cash has been less used.
So far now, I don't think that cash less society is impossible, for sure that it is not impossible, as we all know that it is getting adapted already by most people and it will definitely adapt in times, since people prefer not having a hassle transactions just like paying bills, they would prefer paying in bitcoin rather than falling in line outside.

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April 30, 2018, 04:07:43 PM
 #385

Chances are possible, but there are many things that need to be fixed. It needs support from governments around the world, while many countries are banning bitcoins. There should be socialization and completeness of facilities that support it.
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April 30, 2018, 04:07:58 PM
 #386

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 I believe this is possible, a one currency for cashless society,for me this idea is the best thing that will happen in the history of humanity. Imagine after how many years, finally human has managed to create something that will set everyone free from the system that is full of unwanted experiences and emotion that even just for a simple transaction you need to fall in line and wait for your turn.

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April 30, 2018, 04:15:54 PM
 #387

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?
Having a cashless society will be a great idea but still there is a disadvantages for that. Yes, it will make our life easier for having a more faster transaction by paying through our btc and by just bringing our mobile phone but as we all knew scammer is also adapting technology so it means that they also find/make ways how to scam this kind of methods, so we better be extra careful keeping our passwords/private keys and just make it sure your not making transactions to scamming site.
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April 30, 2018, 06:50:29 PM
 #388

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.

Actually our need is not infinite. We, the whole population of the world, need from 60 to 75 trillion USD to be able to make our payments. Once I came to conclusion that even Bitcoin alone could satisfy the need if 1 satoshi was worth around $0.04. But taking into account that we have other good cryptos the world could definitely be good with cryptocurrencies replacing all the money. This will hardly happen in the nearest future though, becuase people are slow to accept changes .

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April 30, 2018, 07:16:18 PM
 #389

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 point of view, it will be very convenient and very useful to the society if it has been approved by the government. If we have a cashless society we are not seeing people standing in a line anymore because it is more faster and we can send our payment through online. And we will not having troubles in bringing a lot of cash and coins instead we only need to bring is our cellphone.

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April 30, 2018, 07:17:44 PM
 #390

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 offer course the security. Do you guys think this could happen in the future of bitcoin?

Don't worry the world is going towards this kind of payement and I don't think that is happening in a long time actually I bet it gonna happen in 15 years tops as it makes tracing the sources of money easy prevents crimes.

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April 30, 2018, 08:01:13 PM
 #391

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?

I think this will happen regardless of Bitcoin. The US economy (to pick one example) is a lot closer to being a cashless society than it is to being a Bitcoin society. Most transactions are already electronic. People get paid electronically, pay bills electronically, and can already access all their accounts on their phone. Just about every merchant takes all major forms of electronic payment: credit cards, ACH, debit, PayPal, etc. Bitcoin is nowhere near being widely adopted. It's likely the advancements in electronic payments in the traditional banking sector are a bigger threat to Bitcoin than anyone realizes. Bitcoin doesn't offer any improvement over traditional electronic payments.


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April 30, 2018, 08:32:14 PM
 #392

imagine a cashless society which runs completely on cryptocurrency then world will be on decentralised mode with no inflations of prices
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April 30, 2018, 09:12:05 PM
 #393

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?
A cashless society will be really great for the society because it will be much faster in paying your bills and buying your expenses and you also do not need to accept a change you only need to type the exact price of your bill. But i think it could have a problem because people could make fake online money and could hack into your wallet, so i think it is still better to have a cash as a alternative.

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