Quote from: BunnyShibe on October 26, 2017, 05:20:40 PM

Quote from: UzumakiSakuragi on October 26, 2017, 03:52:02 PM

Quote from: babsalt1975 on October 11, 2017, 11:12:47 AM

Sweden is contemplating to stop using cash by 2023, does this mean cash might be extinct if other countries follow suit?

https://www.weforum.org/agenda/2017/10/sweden-could-stop-using-cash-by-2023?utm_content=buffer40bef&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

For me, its gonna be hard to stop using cash especially in a world where we use money everyday for such a long time. I think its gonna be really cool and convenient if we are gonna use cryptocurrencies to every transactions that we do, but I think replacing cash or paper money is gonna take along way before actually happening.

I think cash and bitcoin will go together for a long long time. It is depending on the interest and usage of the people, if all the people of the world will stop using fiat and will give more preference to bitcoin then we can expect that fiat will extinct, but it do not seems so easy, because not all the people of the world so much educated to know about computer and internet and therefore it is not so easy for them to use bitcoin. Therefore we can say that it will take a lot of time and it is not so easy as it look like.

You are right, there are not much people know Bitcoin and have enough knowledge to using it. In poor countries, the poor have not opportinity to using Bitcoin though they know it, because the value of Bitcoin is higher than their salary very much.