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Author Topic: will humanity stop using cash  (Read 3995 times)
defoman
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October 31, 2018, 01:37:06 PM
 #581

I would very much like to have the opportunity to use cryptocurrencies to purchase any goods and services, so that my income and expenses are not controlled by the state or anyone else. So that I don't have to go to the Bank and worry about the safety of my funds. I myself want to dispose of my money, so the future in which there are crypto-currencies, as the main means of payment, is great for me.

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October 31, 2018, 01:42:52 PM
 #582

To change the cash will require a minimum of 2 or 3 generations. They will be replaced in any case, but this process will be slow and laborious.
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October 31, 2018, 03:02:52 PM
 #583

We are close to stop using cash right now. In most of developed countries, credit cards are uses much more often, while in other countires, there may be no ATMs at all.
In the future, it will grow. In my country, cash is still very popular, but with the projection of my country's grow, no one will use cash in the next 10 years. They will use a crypto or a credit card to replace it

Cash being used to create any offline transaction. I thought that everything will change in 10 years later consider so many merchants will try to implement online transaction to create more effectivity.
It's just the matter of time but crypto related to create such a new economic system that fully transparent.

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October 31, 2018, 03:05:26 PM
 #584

In my opinion, there is a chance that people will not use their cash, giving priority to crypto. But this should happen not so soon
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October 31, 2018, 03:05:45 PM
 #585

People are starting to switch to electronic money through plastic cards, if you have such, then you are well aware that it is now beginning to integrate very quickly and globally in almost every country, but SWIFT is also not an eternal technology.
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October 31, 2018, 03:17:03 PM
 #586

If you wanna know my opinion whether humanity will ever stop using cash? then I could tell you that humanity will never stop in using cash because there are still many people out there who doesn't have any clue about crypto currencies, altcoin or bitcoin and most of all there are still some places in the world who doesn't have any internet and mobile connection that will enable crypto currencies to exist in those places.
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October 31, 2018, 03:19:22 PM
 #587

I doubt it a lot since cash is the most convenient way to use your money, there are many stores that do not have the necessary technology to use bitcoin or transfers, what would be done in such cases? remember that there are rural areas that do not even reach the Internet, and these people will be consumers too, most will have to use cash to meet their needs.
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October 31, 2018, 03:23:10 PM
 #588

This is very unlikely in our world. Bitcoins are very good and aggressive as well as shorten time and cost as well as security. By adopting traditional cash rules with older people. And they can not use Bitcoin. Besides, their government has to manage the cash for the economy so if humanity uses Bitcoin the government will?
YinShuiSiYuan
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October 31, 2018, 03:36:50 PM
 #589

To change the cash will require a minimum of 2 or 3 generations. They will be replaced in any case, but this process will be slow and laborious.

I think it can happen much faster than you predict. Already cashless solutions are tested in some countries, for example in Sweden. Besides, just look how quickly in recent years constantly growth in popularity of payment cards.

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CreamyCheesecake
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October 31, 2018, 03:38:59 PM
 #590

I think people already stopped using cash for a lot of things like paying bills, paying debts, paying coffee, music, etc. We won't stop using cash, we are revamping it to a digital version. But what humanity will stop using, I believe is force to at least, is a debt base monetary system.

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October 31, 2018, 03:45:52 PM
 #591

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
Computers were developed for 60 years in this form, after 60 years we can say that everyone has a computer, so computers are massively used.
So I think that same thing happen to crypto, we have to wait for very long time to see crypto as a means of payment.

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October 31, 2018, 04:10:23 PM
 #592

Most likely because most of what is now taken is a credit card, but for small or traditional businesses, it still has to use conventional currency in general, but for modern times and the internet it will definitely be able to switch to the crypto world.

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October 31, 2018, 04:20:36 PM
 #593

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 think crypto is a good alternative to cash because of the convenience of it will help a lot in the transaction. People can not use cash forever, because cash is gradually losing its value, they have to make a lot of money for everyone to use. So in the future people will gradually move on to something new and bring their convenience
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October 31, 2018, 04:24:18 PM
 #594

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 like to dream about crytpo future! there's a feeling that you are right about humanity using some kind of a crossbreed between cash, cards and crypto. might be fun, don't you think? money cocktail
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October 31, 2018, 06:25:14 PM
 #595

I think it is possible, but not now for sure. Maybe after 30-50 years, we will not use paper money at all. I think it's a great way to save the environment.
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October 31, 2018, 06:29:17 PM
 #596

I think it is possible, but not now for sure. Maybe after 30-50 years, we will not use paper money at all. I think it's a great way to save the environment.

Your answer is really interesting. Really. But if you think about how much electricity and resources are required to produce a cryptocurrency. Of course, now more and more companies are starting to use renewable energy sources. But the resources that generate energy is also not unlimited.
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November 01, 2018, 08:23:51 AM
 #597

There are places without internet connection in big countries. It is hard to provide Siberia with propper connection, so cash is the only option.
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November 01, 2018, 08:28:54 AM
 #598

That is definitely on the "cards" there has been a war on cash for some time now. Sweden seems to be the trial country they have all but eradicated cash use there now. Once the trial has completed expect it to role out in other countries under the banner of stamping out crime as let's face it criminals are the only ones who want to use cash right?  Roll Eyes

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November 01, 2018, 08:33:35 AM
 #599

There are places without internet connection in big countries. It is hard to provide Siberia with propper connection, so cash is the only option.
Maybe if when the world is already based on technology which means everyone are using technology and internet then possible they lessen to used cash because they will used digital currency. But i think people cannot stop used cash because there still some store need cash as payment also cash is more convenience to used because not all people have access to crypto and have internet.

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November 01, 2018, 08:41:50 AM
 #600

users will not adapt too long if there are legal obligations. the problem is the preparation of the payment system from the companies that use it, their burden is far greater than the user to anticipate everything, especially accountability to consumers. Nothing is impossible and if the government has said crypto can be used, users will get used to it gradually.

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