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Author Topic: will humanity stop using cash  (Read 3990 times)
dulinivanrus
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October 25, 2018, 08:45:57 AM
 #421

This requires a long period of time. This is real in theory but in practice, people need to gain confidence in the cryptocurrency and its instability is difficult )

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angel64
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October 25, 2018, 09:23:56 AM
 #422

The whole world turns into a number. I think every state will create its own cryptocurrency. This is a matter of time. Cryptocurrency will supplant ordinary money within 10-15 years. It will make money more personalized and strengthen control over the costs of an individual. This is what the government of any country needs.
deevan
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October 25, 2018, 09:36:44 AM
 #423

Humanity stopping using cash will not happen, as storing your coins in a wallet, creating your wallet, saving private keys is a little technical part which will not be understood by a layman living all over the world mostly rural areas. Cash & crypto will move in parallel in future but it may happen that crypto will be massively adopted all over the world mostly in urban areas.
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October 25, 2018, 09:38:25 AM
 #424

All when something dies and cash is no exception to the rule. So I almost never use cash and almost forgot how they look. Always and everywhere I try to use a bank card and it is convenient and profitable to also include cashback in some stores. Cryptocurrencies can live for a long time until some other financial instrument arrives.
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October 25, 2018, 09:58:03 AM
 #425

Take this year and even 4 years ago. And today, more and more people and institutions is electronic payment. There are certainly places where except for cash not to buy anything, but I think that sooner or later cash will completely go out of use of people
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October 25, 2018, 10:08:42 AM
 #426

I don't even see the salary I've received in 2 years. I'm doing my transfers from the bank to the bank. This is how I can eat. I don't carry money in my pocket anymore. So after a period, everyone will get used to it. At that time the crypto world will develop further.

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October 25, 2018, 10:22:15 AM
 #427

Maybe it will be realized in the future.Now although currency digitization is the trend.Cash is still in use.In some ways, it is still inseparable from cash.
Harkorede
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October 25, 2018, 10:23:25 AM
 #428

I have a vivid discussion with my friends lately. They say that one day people will forget what cash is and they will start use card only. Then the era of the changed and innovated cryptocurrency world comes, and we will stop using money and switch on crypto coins only. They say it might take twenty or thirty years, maybe longer, but it is a sure thing to happen, they have no doubts about it. I am not so sure... well, people might give up using cash as it is not that convenient, but giving up money as whole? I really really doubt it, it seems so impossible for me. What do you think? Maybe we will start using something brand new, neither cash nor cards? What is the future of the cryptocurrency world, anyway? Will it die in fifty, sixty years or it is going to be a thing that will live forever? Let's dream for a while Smiley

I agree the world is approaching an era where people will eventually do without cash and adopt a full cashless policy. That can't be guaranteed for cryptocurrency as there will always be relevance for fiat in the local communities and rural areas where using the cashless policy and debit or credit is currently already an issue, and for the expectation of cryptocurrency to die in 50-60 years, I don't see that happening either, Perhaps, It might evolve into a technology more advance and powerful, but definitely wouldn't die off..

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October 25, 2018, 10:35:28 AM
 #429

I think I will agree with the fact that humanity will soon to stop using cash because as we can see the online currency now are making some noise of how useful he is in any country.(some country just don't know yet) And I think in the coming years more people will appreciate using online currency because of it is easy to use than cash.

ArtemSergeevich
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October 25, 2018, 10:48:03 AM
 #430

Cash can step back and they will replace the card, maybe even cards with cryptocurrencies. But so widespread cryptocurrency will not get, they will still be converted for example into dollars. The country will not allow such a development, I believe that cryptocurrency will take its rightful place in Internet Commerce, but to the masses they will not come.
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October 25, 2018, 11:08:02 AM
 #431

I don't know. Perhaps the future will tell but there are now online currency which are really working hard to overcome the cash. As I said earlier, time will tell.
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October 25, 2018, 11:12:53 AM
 #432

Perhaps you are right.  After all, this all goes.  Soon it will be possible to pay with digital money for all services!

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Dimas245
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October 25, 2018, 11:13:55 AM
 #433

Yes, I agree that cryptocurrencies will have a great future! And in my opinion, there is an even greater half of humanity that lives on the verge of poverty and will not simply have the opportunity to materialize the use of cryptocurrencies in the daily lives of ordinary citizens.
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October 25, 2018, 11:38:38 AM
 #434

It is not likely that society will abandon cash for cryptocurrency, moving forward, cryptocurrency will become valuable to the extent that major service will accept and prefer cryptocurrency for paynent because of it's benefit!
Chances being abandoned by community is far from reality if we are talking about fiat, the government will not allow that to happen they may adopt cryptocurrency but to changing it all the way will have a big impact to their society, fiat is a symbol of a nation and from that point the main control
are always being hold by the government, if this will be change and things will turn crypto they won't be able to trace everything and that's the majority
reason why there's still countries who's still not accepting this currency.

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manwithsuit909
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October 25, 2018, 11:40:00 AM
 #435

I have a vivid discussion with my friends lately. They say that one day people will forget what cash is and they will start use card only. Then the era of the changed and innovated cryptocurrency world comes, and we will stop using money and switch on crypto coins only. They say it might take twenty or thirty years, maybe longer, but it is a sure thing to happen, they have no doubts about it. I am not so sure... well, people might give up using cash as it is not that convenient, but giving up money as whole? I really really doubt it, it seems so impossible for me. What do you think? Maybe we will start using something brand new, neither cash nor cards? What is the future of the cryptocurrency world, anyway? Will it die in fifty, sixty years or it is going to be a thing that will live forever? Let's dream for a while Smiley

after 1000 years ?maybe
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October 25, 2018, 11:44:32 AM
 #436

While people in India, some countries of the African continent and also in some countries of South-East Asia live below the poverty line, it is premature to talk about the global spread of cryptocurrencies.
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October 25, 2018, 11:50:38 AM
 #437

By showing the recent trend in the financial and banking era almost every economy want to go green in the way of complete cashless transactions for the transparent of taxation policy for the national growth. But, the main point here is the method used for the cashless should be transparent and clearly visible all the aspects of the giver and the sender. The man also wants not to use cash much where the transactions are heavy but the little cash transactions will happen every day.
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October 25, 2018, 12:01:56 PM
 #438

I do not believe mankind will stop using cash. Although electronic money becomes legal and becomes the official currency, it can not replace cash in everyday life. Although the technology age 4.0 is gradually changing our lives every day.
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October 25, 2018, 12:05:46 PM
 #439

While people in India, some countries of the African continent and also in some countries of South-East Asia live below the poverty line, it is premature to talk about the global spread of cryptocurrencies.


It will take so much effort for that to happen in the future. It's a real possibility. I do agree. But on the global scale it would be a great task to realize. Some countries may adopt this new era of transaction in the future easily. But it would take time for other countries.

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October 25, 2018, 08:52:04 PM
 #440


I am using more on my plastic card compared to cash,  I guess we are becoming more like a cashless society. However, in a practicality and a place where they are more cash loving people the challenge still there to replace cash into something digital.

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