Post
Topic
Board Economics
Re: Does this mean Cash will be extinct?
by
bitgov
on 22/10/2017, 18:28:02 UTC
Total removal of fiat from the society will do more harm than good.
No matter the level of technological development, not everyone will be able to embrace cashless transactions. And also, most services need to be paid in cash.
The whole process would have to be postponed until 2050/2060, so people who do not use computers and technology would be a small percentage of whole world.