Quote from: streazight on October 31, 2017, 07:03:28 PM

Quote from: futile-resistance on October 31, 2017, 09:11:53 AM

Quote from: twthmoses on October 30, 2017, 11:50:46 AM

Quote from: Koro-Sensei on October 30, 2017, 11:22:36 AM

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

I think it will probably goes into a digital chaos on the internet if this will imply on any country also hackers will be more active than other time because they want to test their skills and more cybercrimes and attack will be more than ever . This idea will probbaly an absurd one because how they will build the securing and safe measures out of it.

The technology for digital currency is no match for the ease and speed of cash. We need completely different thinking of the technology if digital currency should rival cash.

The article is not about changing to digital currency, its about changing to digital delivering method of paper money, namely credit cards and Mobil pay. This will happen within a few years in all Nordic countries and has already been underway for 10+ years.

Bitcoin is not just a replacement for cash but it is also a great revolution in the economy transfer system as it will change the thinking of people who use it about paying and earning money. Bitcoin payment methods can be more fast and convenient and also secure than a cash payment mods as it is a digital currency it has many plus points over the real cash which we use.

I will be difficult to change whole system and only use digital currency it is mostly impossible i think but bitcoin can be used as an alternative to this some times

It would really be difficult to change the whole system and for cash to go extinct then definitely some generations would apparently have to go extinct as well. Cash would still be used and bitcoin would be just another form of payment and that is how we will have it.

No government would want to give that up at least not anytime soon and probably later when there is less need for cash or no need at all, we may start seeing more focus by governments on adopting the blockchain technology the more.

No cash cannot become extinct at any cost.People still use cash or fiat money rather than cryptocurrencies.Many people in the world still have not heard about the cryptocurrencies.Many still do not have accessibilty to the internet and also do not have any basic knowledge about the internet and digital money.They use cash for day to day transactions.So cash cannot vanish from the world.