The shift to digital money changes everything!

[retreat]

The shift to digital currency doesn't just change transactions, it changes the discipline of individuals.

Personally, even though I use digital payments quite often these days, I'm still able to manage my spending. The apps I usually use even have summaries of my income and expenses, which makes it easier for me to keep track of my finances. So, I don't think being wasteful or not depends on the payment method, but rather on a person's discipline in managing their money. If someone is naturally wasteful, they'll spend too much regardless of whether they're using digital payments or not.

[katanic97]

The shift to digital currency doesn't just change transactions, it changes the discipline of individuals.

Personally, even though I use digital payments quite often these days, I'm still able to manage my spending. The apps I usually use even have summaries of my income and expenses, which makes it easier for me to keep track of my finances. So, I don't think being wasteful or not depends on the payment method, but rather on a person's discipline in managing their money. If someone is naturally wasteful, they'll spend too much regardless of whether they're using digital payments or not.

Fair point, but some people just don’t feel like they’re spending "real" money when they pay digitally. It’s not really the same feeling as cash.It’s definitely not the same experience. I know a lot of people who actually prefer paying in cash instead of digital payments, because with cash they feel more in control and less likely to overspend. On the other hand, when using apps or cards, it’s much easier to spend more even if you’re not naturally wasteful. Personally, i prefer digital payments more, because i still have that sense of control over my spending

[fillippone]

The shift to digital currency doesn't just change transactions, it changes the discipline of individuals.

Personally, even though I use digital payments quite often these days, I'm still able to manage my spending. The apps I usually use even have summaries of my income and expenses, which makes it easier for me to keep track of my finances. So, I don't think being wasteful or not depends on the payment method, but rather on a person's discipline in managing their money. If someone is naturally wasteful, they'll spend too much regardless of whether they're using digital payments or not.

Fair point, but some people just don’t feel like they’re spending "real" money when they pay digitally. It’s not really the same feeling as cash.It’s definitely not the same experience. I know a lot of people who actually prefer paying in cash instead of digital payments, because with cash they feel more in control and less likely to overspend. On the other hand, when using apps or cards, it’s much easier to spend more even if you’re not naturally wasteful. Personally, i prefer digital payments more, because i still have that sense of control over my spending

Guys, come on, we are in 2026, and everything is digital. We must undertand how money works and how to manage it digitally.
We have to adapt to a fully digital money, as we are now used to a fully digital way of writing, taking picturess and listening to music.
There is no more space for excuses.
OF course, when speaking about digital momey, I am thinking about bitcoin, not CBDC's.

[Bit-Mj1014]

The shift to digital currency doesn't just change transactions, it changes the discipline of individuals.

I also want you to elaborate more on that part, what do you really mean by discipline? Because if I relate it to myself, I’d say I need to be more disciplined so I won’t be easily tempted to gamble, especially since with digital currency it’s very easy to transfer funds, and that could lead to addiction on my part.

This your point about betting is a very good example of why digital currency is a big disadvantage to individuals, because it's very easy to fund your bet account, before now you had to go to a bet shop.

[Odogwu-Blockchain]

Like we're now starting to see; governments, financial institutions, and even households are pushing or accepting the possibility of a very high percentage shift to digital money.

Although it has its many advantages as one would, it completely changes everything about human discipline.
Firstly, digital money comes with the flexibility of easy transfers, and easy transfers mean easy and fast spending.
Secondly, there's less physical awareness of money. What this does is changing the spending psychology of individuals.
The shift to digital currency doesn't just change transactions, it changes the discipline of individuals.

What changes the narrative to digital spending was COVID 19 global outbreak where everything was shifted to digital engagement. Certain event could be the reasons why certain things changes to another level or stop at all. The whole essence of remote work also started from COVID 19 too where everyone works from home.

So yes, digital spending makes everything seems stress less, easy going and faster without delay.

I don't know what global pandemic outbreak might come up in the future that may change everything too, maybe to something more problem solving of digital spending to something else more faster.

[Akbarkoe]

My psychology changed when I adapted to digital money that's true, but otherwise I'm much more wasteful using cash than digital, I see the digits in my account and wallet always look a little bit so I'm not easy to spend using digital money and makes me less wasteful, but when using cash (paper) it's much easier because I feel I have a lot of money and spend it slowly every time I travel out and feel that I still have a lot of money if.

Some people have reverse psychology they feel more wasteful using digital money than cash itself.

[Taskford]

The shift to digital currency doesn't just change transactions, it changes the discipline of individuals.

Personally, even though I use digital payments quite often these days, I'm still able to manage my spending. The apps I usually use even have summaries of my income and expenses, which makes it easier for me to keep track of my finances. So, I don't think being wasteful or not depends on the payment method, but rather on a person's discipline in managing their money. If someone is naturally wasteful, they'll spend too much regardless of whether they're using digital payments or not.

Fair point, but some people just don’t feel like they’re spending "real" money when they pay digitally. It’s not really the same feeling as cash.It’s definitely not the same experience. I know a lot of people who actually prefer paying in cash instead of digital payments, because with cash they feel more in control and less likely to overspend. On the other hand, when using apps or cards, it’s much easier to spend more even if you’re not naturally wasteful. Personally, i prefer digital payments more, because i still have that sense of control over my spending

Guys, come on, we are in 2026, and everything is digital. We must undertand how money works and how to manage it digitally.
We have to adapt to a fully digital money, as we are now used to a fully digital way of writing, taking picturess and listening to music.
There is no more space for excuses.
OF course, when speaking about digital momey, I am thinking about bitcoin, not CBDC's.

Correct, we have seen digitalization spreading more and Bitcoin is the real digital currency that they can use anytime. If we compare it to bank apps and CBDC's which has been promoted by government. Bitcoin is borderless, decentralized in nature and scarce or numbers in circulation is limited.

Having Bitcoin somehow means that they are managing their funds without interference of any middlemen. The same as what you have said on writing and other more, so people should not have any excuse when seeing those things and its best to adapt on current great changes happening on digital scene.

[tabas]

The shift to digital currency doesn't just change transactions, it changes the discipline of individuals.

It did really changed so many aspects of individuals way of living. From how we deal with finances and savings and to the look of the future of the technology that we're using. Before, this is only happening through banks and remittance centers but now, it's made easier by these wallets and even the banks have their own way of easing the transactions from country to country. I'm happy with this technology and it's not different from the innovation that we're having with cryptocurrencies and people have seen that investments is no longer for the rich but it has opened for everyone who likes to get invested.

[junder]

Like we're now starting to see; governments, financial institutions, and even households are pushing or accepting the possibility of a very high percentage shift to digital money.

Although it has its many advantages as one would, it completely changes everything about human discipline.

Firstly, digital money comes with the flexibility of easy transfers, and easy transfers mean easy and fast spending.

Secondly, there's less physical awareness of money. What this does is changing the spending psychology of individuals.

The shift to digital currency doesn't just change transactions, it changes the discipline of individuals.

Nowadays, digital money is increasingly used by people rather than cash this makes many people prefer to use digital money because it is simple and practical but don't assume that digital money is dominating the world because there are payments that cannot use digital money, although it depends on the individual seller.

[justdimin]

I'm seeing it as a good change. Less carbon footprint and less trees to cut for a greener world.
On the contrary, I disagree wtih your statement about easy transfers causing fast spending and if what you mean by fast spending is a more consumptive behaviour.

I have a hard time managing cash than managing then money I have in the banks, cash is hard to keep track while I can monitor how much money I have with both bitcoin and bank accounts.

I agree about less carbon and paper trail because for receipts, it will consume paper which means more trees for its creation. If there will be a development that can create more paper without cutting trees and then recycling of materials, much better and that's just fine. Although the problem about this digital or cashless transactions is being connected to the internet when you do it. So, if someone is in area where there's not that much signal, and they're trying to pay it to the cashier, they might have a problem. I've experienced this despite that I am in an urban area and did the transaction, some times there will be disruptions in signals. That's why traditional cash is good as a back up and as well as the savings card.

That might be one of the problems when there is no network but most of the world is now covered with broadband connections. Even if you do not have mobile coverage, you can always ask if that vendor has a Wi-Fi coverage or if he/she can share their mobile hotspot until the payment is done. I too have faced this issue especially when visiting hilly regions. Even in those situations, I have never carried cash and managed my entire journey just by using online payments.

Anytime I land up in network issues, I will simply approach the vendor, and the issue would be resolved because even the vendors are aware about the issue. Regarding paper trail, there are papers made from recycled Agri waste like sugarcane leftover. Those papers are called eco-friendly and also decompose much faster so I do not think paper trail would increase the carbon footprints.

[fuguebtc]

I'm seeing it as a good change. Less carbon footprint and less trees to cut for a greener world.
On the contrary, I disagree wtih your statement about easy transfers causing fast spending and if what you mean by fast spending is a more consumptive behaviour.

I have a hard time managing cash than managing then money I have in the banks, cash is hard to keep track while I can monitor how much money I have with both bitcoin and bank accounts.

I agree about less carbon and paper trail because for receipts, it will consume paper which means more trees for its creation. If there will be a development that can create more paper without cutting trees and then recycling of materials, much better and that's just fine. Although the problem about this digital or cashless transactions is being connected to the internet when you do it. So, if someone is in area where there's not that much signal, and they're trying to pay it to the cashier, they might have a problem. I've experienced this despite that I am in an urban area and did the transaction, some times there will be disruptions in signals. That's why traditional cash is good as a back up and as well as the savings card.

In theory, the shift from paper to digital money seem like good change because it help reduce carbon emissions and contributes to a greener world. But in reality, it is not as good as you think. Because to operate a digital system, we need to build infrastructure, data centers, networks...All of these thing consume a huge amount of energy

Like AI, do you know how much energy and water it consumes?
The environmental impact will become increasingly severe as the world fully transitions to digitalization. But people do not care about that, all they pursue is convenience.

[Smartprofit]

I read a study that found that people are more casual about digital money than physical banknotes. Everything tangible is perceived as more valuable. Digital money is just numbers on a smartphone screen. Therefore, people spend digital money more quickly and thoughtlessly than paper bills.💸

Meanwhile, most payments in the world are now made cashless. These are primarily bank cards and smartphone payments (via NFC technology).

Personally, I very rarely pay for goods and services with cash. Paper bills wrinkle and tear in my jeans pocket. It's very inconvenient! Then you wonder what to do with the torn banknote... 🤷 It creates a feeling of loss...

However, the greatest danger is not bank cards, but central bank digital currencies (CBDC). These are programmable currencies that could very easily be used to build a digital concentration camp.  And I have no doubt that this is exactly what governments around the world are aiming for. With CBDC, people can be trained like dogs. Behave well, and you can spend money. Behave badly, and you can't spend money. Algorithmic power is the worst kind of power. There will be no one to complain to!🙅

[M47AK16]

I'm seeing it as a good change. Less carbon footprint and less trees to cut for a greener world.
On the contrary, I disagree wtih your statement about easy transfers causing fast spending and if what you mean by fast spending is a more consumptive behaviour.

I have a hard time managing cash than managing then money I have in the banks, cash is hard to keep track while I can monitor how much money I have with both bitcoin and bank accounts.

I agree about less carbon and paper trail because for receipts, it will consume paper which means more trees for its creation. If there will be a development that can create more paper without cutting trees and then recycling of materials, much better and that's just fine. Although the problem about this digital or cashless transactions is being connected to the internet when you do it. So, if someone is in area where there's not that much signal, and they're trying to pay it to the cashier, they might have a problem. I've experienced this despite that I am in an urban area and did the transaction, some times there will be disruptions in signals. That's why traditional cash is good as a back up and as well as the savings card.

Yes, the whole receipt thing is so archaic and has to end already. Like if there is a "must" for it, then make that digital too, like directly sent to your account or something, or mailed to you, or whatever really, just make one big app and everyone gets their receipts to that, and since we are paying via QR code or cards, banks already see all our shopping and they could have one side that shares that, in their app.

All we use is banks, and all banks have apps, so we can see it there, and save so much, and save the trees as well. Imagine every single receipt is gone tomorrow, no more receipts ever, and how many trees that would save, we would literally be talking about saving the whole world with an idea like that.

[MinMan]

You are just looking at the downside although there are a lot of upsides. Digital money has changes payment all over the world. Anyone can now transfer money across the nation without waiting for a single minute. Digital money is borderless which makes transactions way lot easier and comfortable. No matter how big or small the amount is, it can be transferred in just a click. I still can't find a reason why you are against digital money. I am sure you yourself might be transacting using digital money for your day-to-day needs.

Discipline can only be made with a firm mind. If anyone does not have a firm mind, no matter if he used physical money or digital money, both would be the same for him. Even with digital money, people are responsible. You might be looking at a minute percentage of the entire population but think about the masses here.

[Marvelockg]

I read a study that found that people are more casual about digital money than physical banknotes. Everything tangible is perceived as more valuable. Digital money is just numbers on a smartphone screen. Therefore, people spend digital money more quickly and thoughtlessly than paper bills.💸

Both are different and unique in Thier own way and the way people go about using physical money is based on the fact that in the long run, they've gotten used to it and considering the convenience that comes with it, You can't just compare using digital currency to using fiat using one index because where one fails, another stands unique and in the most realistic sense the digital banking system is a good complement to the fiat.

The relevance of digital currency finds application in its place of relevance while not entirely cutting short anything that's entirely fiat based. You can't use one while neglecting the other.

[Lida93]

My psychology changed when I adapted to digital money that's true, but otherwise I'm much more wasteful using cash than digital, I see the digits in my account and wallet always look a little bit so I'm not easy to spend using digital money and makes me less wasteful, but when using cash (paper) it's much easier because I feel I have a lot of money and spend it slowly every time I travel out and feel that I still have a lot of money if.

There's this particular psychology about cash funds in hand, it's typical seen as money to be spent and you wouldn't really know when you've spent much of it until you're close to spending the last few notes. But when you've funds in digital form before you think of logging into your wallet you would have to reason how important what is necessitating you to want to withdraw your funds is before you to starting pressing those buttons to access it for withdrawal..

[Findingnemo]

You may spend more money on regular purchases with digital money than carrying physical cash around but the shit has already happened since we have been using credit cards and then digital wallet apps like Apple Pay for very long time now, so this doesn't make much difference if those users switch to decentralized crypto for their payments.

Even though I carry as many credit cards and two debit cards in my wallet still I have some cash because sometimes the transactions might decline due to server error from banking and cash is always the king.

[DrBeer]

Like we're now starting to see; governments, financial institutions, and even households are pushing or accepting the possibility of a very high percentage shift to digital money.

Although it has its many advantages as one would, it completely changes everything about human discipline.

Firstly, digital money comes with the flexibility of easy transfers, and easy transfers mean easy and fast spending.

Secondly, there's less physical awareness of money. What this does is changing the spending psychology of individuals.

The shift to digital currency doesn't just change transactions, it changes the discipline of individuals.

No, the change you described happened with the shift from cash to card accounts. And that process has been going on for over 20 years.
The cryptocurrency monetary system is about something a little different. It’s about anonymity, decentralization, and independence from the whims of the central bank.
But... to my HUGE regret, we’re still a long way from that.

[gracreavix]

True digital money has changed a lot of things, that one is obvious you’re correct on that. But I don’t fully get the part about it changing people’s discipline like that. I feel like discipline depends on the individual, whether the money is digital or physical. some people will still manage well, while others will overspend regardless.

Maybe the ease just makes it more tempting, but I don’t think it defines a person’s discipline.

[bhadz]

I agree about less carbon and paper trail because for receipts, it will consume paper which means more trees for its creation. If there will be a development that can create more paper without cutting trees and then recycling of materials, much better and that's just fine. Although the problem about this digital or cashless transactions is being connected to the internet when you do it. So, if someone is in area where there's not that much signal, and they're trying to pay it to the cashier, they might have a problem. I've experienced this despite that I am in an urban area and did the transaction, some times there will be disruptions in signals. That's why traditional cash is good as a back up and as well as the savings card.

That might be one of the problems when there is no network but most of the world is now covered with broadband connections. Even if you do not have mobile coverage, you can always ask if that vendor has a Wi-Fi coverage or if he/she can share their mobile hotspot until the payment is done. I too have faced this issue especially when visiting hilly regions. Even in those situations, I have never carried cash and managed my entire journey just by using online payments.

Anytime I land up in network issues, I will simply approach the vendor, and the issue would be resolved because even the vendors are aware about the issue. Regarding paper trail, there are papers made from recycled Agri waste like sugarcane leftover. Those papers are called eco-friendly and also decompose much faster so I do not think paper trail would increase the carbon footprints.

I would avoid asking for that connection to the vendor although that's really is the solution. I'm sure that vendors also sees that as a solution for interruption of internet connection for their customers who would like to pay cashless. While I'll avoid connecting to any of their connections, I'll try to have some back ups at all times and bring a cash with me.

In theory, the shift from paper to digital money seem like good change because it help reduce carbon emissions and contributes to a greener world. But in reality, it is not as good as you think. Because to operate a digital system, we need to build infrastructure, data centers, networks...All of these thing consume a huge amount of energy

Like AI, do you know how much energy and water it consumes?
The environmental impact will become increasingly severe as the world fully transitions to digitalization. But people do not care about that, all they pursue is convenience.

I know how much energy and water it consumes. For some generation of prompt, it would take liters of water just to resist the heat of the machines that are operating for the generation of its results. You're right, there goes the other impact of it. But we got to choose which one is reducing carbon emissions and greener for the environment. We have less choices but who knows if in the future it will 100% green.

Yes, the whole receipt thing is so archaic and has to end already. Like if there is a "must" for it, then make that digital too, like directly sent to your account or something, or mailed to you, or whatever really, just make one big app and everyone gets their receipts to that, and since we are paying via QR code or cards, banks already see all our shopping and they could have one side that shares that, in their app.

All we use is banks, and all banks have apps, so we can see it there, and save so much, and save the trees as well. Imagine every single receipt is gone tomorrow, no more receipts ever, and how many trees that would save, we would literally be talking about saving the whole world with an idea like that.

It's a good start to get rid of receipts because we're all dumping it to the trash after receiving it. While with transaction receipts that are online, we get to receive and keep it without having the paper copy which is more convenient IMO.