Quote from: player514 on October 15, 2017, 05:38:27 AM

Quote from: Willitivity on October 14, 2017, 10:33:09 PM

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.

We don't really know what new technology may come out in the future though. It's possible that somehow in the near future, everyone will have instant access to a bank account or some form of savings account that they can use instantly with some piece of technology. For now, however, I agree with you that the removal of fiat would not fare well with society.

Its true that there are place that the modern technology can't reach especially provinces so it will be impossible to implement bitcoin and other things that needs internet connection. We have been using the normal way of paying by cash and I really think that it will not go extinct because of the existence of cryptocurrencies. I mean, the latter can be implemented but will not wipe out cash.

Another is that there are poor people who can't afford buying gadgets so if bitcoin payment will be implemented how are they going to take it? We are happy because technology keeps on evolving, making our lives easier but of course there are people who can't just easily adapt and we have to consider them.

Quote from: fishball on February 09, 2018, 11:54:58 AM

I think it won't happen. Cryptocurrencies are still not legalized and if other countries have already done legalizing these, other countries won't be able to catch up specifically third world countries. They will still stick to what has been used for centuries.

That is true, bitcoin is not yet legalized in many countries. In fact, there are countries who opposed that use of it because they think that it is affecting badly the economy and that authorities are afraid that it is being used for illegal transactions. Our country is also getting concerned about because the population of bitcoin users here also grow when the price of bitcoin bubbled up last year. There are people who doesn't believe in bitcoin and would prefer cash and depositing cash in banks for investment.