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Post Reply Do you think cash will become obsolete in the future?
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22 / M / Fraxinus
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Posted 7/9/15
Is it Denmark that's scrapped cash? I know it's a country around that area. Anyway, let's just observe them and see how things work out for them.

I do think at some point, maybe in the distant future, cash will become a thing of the past. I can see it being the natural and logical progression of things.
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Posted 7/9/15

Firedestroyer wrote:


biscuitnote wrote:

Bitcoin isn't backed by anything other than pure speculation there is no real value behind it. The US dollar is backed by the largest economy in the world. I think cashless systems will eventually be the norm as will living and working part time in virtual spaces. Barring some severe catastrophe I see our world becoming more digital not less.


You people always forget why money is valuble. You can trade the dollar for gold.

Or, you could, a few years ago. Now the government is refusing to exchange for gold, so the entire thing is just a Ponzi scheme on a huge scale.


Whats gold backed by? Its a shiny rock that has a few ornamental or industrial applications. The US dollar is backed by trillions in economic activity.
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24 / M / USA
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Posted 7/9/15

Serrota wrote:

I hope currency disappears


How would any work get done if that happened?
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22 / M / Fraxinus
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Posted 7/9/15

biscuitnote wrote:


Serrota wrote:

I hope currency disappears


How would any work get done if that happened?


It wouldn't. Even way back when, when people would trade their goats or cows or whatever for other goods, that would still be considered currency. Unless we live in some crazily optimistic society where everyone gets everything for free, and people still have the motivation to go to work and do their jobs, shit won't get done and we may as well kiss goodbye to a civilised society.
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Posted 7/9/15

Frenzify wrote:


biscuitnote wrote:


Serrota wrote:

I hope currency disappears


How would any work get done if that happened?


It wouldn't. Even way back when, when people would trade their goats or cows or whatever for other goods, that would still be considered currency. Unless we live in some crazily optimistic society where everyone gets everything for free, and people still have the motivation to go to work and do their jobs, shit won't get done and we may as well kiss goodbye to a civilised society.


I agree with you there would be no motivation to go to work or improve yourself without currency unless you were forced to work as a slave at gunpoint.
xxJing 
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Posted 7/9/15

Frenzify wrote:


biscuitnote wrote:


Serrota wrote:

I hope currency disappears


How would any work get done if that happened?


It wouldn't. Even way back when, when people would trade their goats or cows or whatever for other goods, that would still be considered currency. Unless we live in some crazily optimistic society where everyone gets everything for free, and people still have the motivation to go to work and do their jobs, shit won't get done and we may as well kiss goodbye to a civilised society.


Currently a lot of people work to survive. However the other portion of people work for self-satisfaction, self-esteem, luxury, entertainment, admiration. You could live a life of decent luxury on I'd say $5 million. Yet people who have billions at their disposal still keep working. Walt White from Breaking Bad kept cooking meth in the later parts of the series, not because he needed more money, but because he was good at it. If we are able to automate the world enough so that no one will need to work to survive, then more people will want to work for self-satisfaction, self-esteem, admiration, fame, luxury. Either that or they will commit suicide, in which case we rid the gene pool of people prone to depression. We will always have people trying to develop new forms of entertainment, trying to discover new things.

I am actually quite curious as to how society would be at that point.
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Posted 7/9/15 , edited 7/9/15
I don't think so. as much as people want it to be I don't think it ever will. I like using cash. cash may look kinda cheesy now but it makes you feel powerful
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Posted 7/9/15 , edited 7/9/15
You can pay a babysitter with a check, but not with PayPal--There are still going to be some private casual debts off the grid that High Finance aren't going to handle.

(Although the taxis in our area have now switched to using card readers on their iPads, for people who found themselves "out of cash" at the end.)
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22 / M / Fraxinus
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Posted 7/9/15

xxJing wrote:

Currently a lot of people work to survive. However the other portion of people work for self-satisfaction, self-esteem, luxury, entertainment, admiration. You could live a life of decent luxury on I'd say $5 million. Yet people who have billions at their disposal still keep working. Walt White from Breaking Bad kept cooking meth in the later parts of the series, not because he needed more money, but because he was good at it. If we are able to automate the world enough so that no one will need to work to survive, then more people will want to work for self-satisfaction, self-esteem, admiration, fame, luxury. Either that or they will commit suicide, in which case we rid the gene pool of people prone to depression. We will always have people trying to develop new forms of entertainment, trying to discover new things.

I am actually quite curious as to how society would be at that point.


And I'm sure there will be people like this, but I imagine the majority of people would rather spend their time in their own way. I'd like to think everyone would do their bit, and contribute towards a well-oiled, and functioning society, but realistically, although there will be people who would work for the reason you stated, or simply because they feel like they should, a significant number of people just wouldn't bother, if they had no personal incentive to. I mean we can be a pretty selfish species, after all.
xxJing 
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Posted 7/9/15

Frenzify wrote:


xxJing wrote:

Currently a lot of people work to survive. However the other portion of people work for self-satisfaction, self-esteem, luxury, entertainment, admiration. You could live a life of decent luxury on I'd say $5 million. Yet people who have billions at their disposal still keep working. Walt White from Breaking Bad kept cooking meth in the later parts of the series, not because he needed more money, but because he was good at it. If we are able to automate the world enough so that no one will need to work to survive, then more people will want to work for self-satisfaction, self-esteem, admiration, fame, luxury. Either that or they will commit suicide, in which case we rid the gene pool of people prone to depression. We will always have people trying to develop new forms of entertainment, trying to discover new things.

I am actually quite curious as to how society would be at that point.


And I'm sure there will be people like this, but I imagine the majority of people would rather spend their time in their own way. I'd like to think everyone would do their bit, and contribute towards a well-oiled, and functioning society, but realistically, although there will be people who would work for the reason you stated, or simply because they feel like they should, a significant number of people just wouldn't bother, if they had no personal incentive to. I mean we can be a pretty selfish species, after all.


Actually now that I remember there is a manga that has such a society as a plot point.

I will put the title of the manga in spoilers since I want to discuss the issue.

Essentially, in the manga, there was a race of highly advanced technological beings. They became so advanced that they didn't need to do anything anymore. However because of this, they got really really bored and didn't want to do anything. So what they did was they created another world, basically an MMORPG that resembles our world, they wiped their own memories and simply played the mmorpg for their entire existence. They would be born and live life like a normal human not knowing of their godhood until they died. When they died they would be returned to their god realm, and basically wipe their own memories again and start a new character.

I think that something similar to that would happen in a utopian society.

I'll put the manga in the spoiler, what I posted though was kind of a big spoiler, so look at your own discretion. I also put it as a picture so you won't accidentally see it if you try to quote my post.
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Posted 7/9/15
I think physical currency will eventually become obsolete/seldom used.

Many people already rely on electronic transfers to pay for nearly everything, carrying little to no hard cash.
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Posted 7/9/15

xxJing wrote:


Frenzify wrote:


xxJing wrote:

Currently a lot of people work to survive. However the other portion of people work for self-satisfaction, self-esteem, luxury, entertainment, admiration. You could live a life of decent luxury on I'd say $5 million. Yet people who have billions at their disposal still keep working. Walt White from Breaking Bad kept cooking meth in the later parts of the series, not because he needed more money, but because he was good at it. If we are able to automate the world enough so that no one will need to work to survive, then more people will want to work for self-satisfaction, self-esteem, admiration, fame, luxury. Either that or they will commit suicide, in which case we rid the gene pool of people prone to depression. We will always have people trying to develop new forms of entertainment, trying to discover new things.

I am actually quite curious as to how society would be at that point.


And I'm sure there will be people like this, but I imagine the majority of people would rather spend their time in their own way. I'd like to think everyone would do their bit, and contribute towards a well-oiled, and functioning society, but realistically, although there will be people who would work for the reason you stated, or simply because they feel like they should, a significant number of people just wouldn't bother, if they had no personal incentive to. I mean we can be a pretty selfish species, after all.


Actually now that I remember there is a manga that has such a society as a plot point.

I will put the title of the manga in spoilers since I want to discuss the issue.

Essentially, in the manga, there was a race of highly advanced technological beings. They became so advanced that they didn't need to do anything anymore. However because of this, they got really really bored and didn't want to do anything. So what they did was they created another world, basically an MMORPG that resembles our world, they wiped their own memories and simply played the mmorpg for their entire existence. They would be born and live life like a normal human not knowing of their godhood until they died. When they died they would be returned to their god realm, and basically wipe their own memories again and start a new character.

I think that something similar to that would happen in a utopian society.

I'll put the manga in the spoiler, what I posted though was kind of a big spoiler, so look at your own discretion. I also put it as a picture so you won't accidentally see it if you try to quote my post.


Dang it I looked at your spoiler. I have seen the first two seasons of heavens lost property haven't read the manga very interesting.
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Posted 7/9/15 , edited 7/9/15

xxJing wrote:
Essentially, in the manga, there was a race of highly advanced technological beings. They became so advanced that they didn't need to do anything anymore. However because of this, they got really really bored and didn't want to do anything. So what they did was they created another world, basically an MMORPG that resembles our world, they wiped their own memories and simply played the mmorpg for their entire existence. They would be born and live life like a normal human not knowing of their godhood until they died. When they died they would be returned to their god realm, and basically wipe their own memories again and start a new character.


That manga is basically the Simulation Argument rephrased, with a motive provided.


biscuitnote wrote:
Dang it I looked at your spoiler. I have seen the first two seasons of heavens lost property haven't read the manga very interesting.

I highly recommend the Manga.



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It doesn't matter.
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Posted 7/9/15
Credit has many benefits that cash doesn't.
but cash can't be tracked.
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Posted 7/9/15

Sir_jamesalot wrote:
but cash can't be tracked.


One of many reasons government is encouraging electronic transfers.

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