A world without paper money. What does that mean for the generations to come? Well it means that the way we see our world economically, socially and cullturally will change.
I see a future world where we do not use paper money, but but currencies such as steem coins rules our economy which changes our perspectives socially and culturally. Some of you may not see the change or take this lightly.
But let me give you a throw back. What happen to the days where the only way of trading was through gold, silver some areas livestock? Since the introduction of paper money, they had to make people belive money had value so it can worth something so it can be used as a source of trade..jpg)
Now that is where degital currency comes in, i see a world where we trade digitally using currencies such as steem coins or a famous example like bit coins. It may not be easy making the transition and getting used to not having paper money. Psychologically you have to believe you have money but physically cannot touch it. In some people that can be psychologically challenging, so that is why i say electronic currency will change us socially and culturally.
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Whether we like it or not electronic currencies are here to stay. Gear up it is going to be a rocky ride. The world is changing, one day the stock markets will be ruled by crypto currency, so let us not miss the ride to the future and lets empower this change.
Going cashless is a positive and favourable reform as far as decentralized currencies are accepted for day to day minor transactions. If we rely on government currencies after going cashless, I wouldn't consider it to be a good circumstance for the masses.
It will be a loss of freedom if that happens. The central authourity will have access to 100% of the transactions taking place and for every transfer wether minor or major we will have to depend on a third party to let it through. We will be sacrificing on our liberty to make direct and independent transactions without government intereference. Also it will become much easier for the governments to cease our wealth and enforce undue taxes.
I totally agree with you. The government will aways be the force that will always determine the economic value of our money. It gives the government an upper hand to enforce unreasonable tax.
My view exactly
Thanks for posting. followed n upvoted
Thankyou for reading my article. Much appreciated. I will be following you and looking forward to your posts.
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