I'm not a fan of cashless-fiat-currency. I don't trust central banks. I do like the idea of new technologies changing what we define as 'cash'. After all, money is technology, money is printed or minted... We moved on from rocks and shells, maybe it's time to move on again?
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hmm but the speed is very fast are you sure some 3rd world countries can follow suit in this globalized world...
what if there is hackers attach on the general database? i still feel we are moving too fast on this...
Your first argument has little validity, developing countries have faster growth and faster implementation of newer technologies. It's like they skip steps, they are more eager to change then the industrialized countries. There is even something called trickle-up innovation.
The second argument is invalid, all systems suffer from hackers, especially centralized, like the Indian Aadhaar database getting hacked for example. Decentralized systems are safer from attacks.
Learning from an experienced steemian... Thanks for educating me on these issues
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I'm a newbie but thanks :)
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Ok...great. Thanks