Post
Topic
Board Economics
Re: Why we should fear a cashless world
by
julzcoinbit
on 04/05/2018, 09:42:10 UTC
Poor people and small businesses rely on cash. A contactless system will likely entrench poverty and pave the way for terrifying levels of surveillance

http://www.theguardian.com/money/commentisfree/2016/mar/21/fear-cashless-world-contactless

Discussion
We should fear a cashless society because there are a lot of things will be changed. I do not know if the economy will become better or will become worse. There should be balance between fiat currency and virtual currency for us to maintain our good economy.

I don't think so, but due to some evolution of technology this cashless sytem will nearly possible to be happen in the futrue, so we have nothing to do about that. And I surely  those poor people will get affected for that evolution, but surely there will be a way for them as well.