how soon till we get rid of all paper/metal money and all currency is electronic

I paid my bills this morning, and entered everything in MS Money. Last month, my wife and I were about 80 percent electronic, 12 percent paper check, and 8 percent cash.

A decade ago, I would guess it was 40 percent electronic, 40 percent paper check and 10 percent cash.

I think cash will hang on quite a while. Checks, not so much.

18 months

I give it 3 years before we are all in an "In Time" scenario. This will make it very difficult to check our watches when running as we will have to move our watches to the right hand.

Cash Is making a big comeback for me in the last year. Checks, not as much.

We will get rid of cash at he same time as the homeless situation is solved.

Good luck giving a homeless person anything but cold hard coin.

Didn't they just invent a bitcoin to solve the worlds currency problems?

And then the sun will blast earth with a CME of Doom and destroy most of the world's computers and stored data, and everyone without cash or written records of their money will be broke.

Always get receipts, no matter what. The last CME of Doom was barely 150 years ago. It set telegraph offices on fire.

About 6 months before the gold standard returns.

SMJO wrote:

We will get rid of cash at he same time as the homeless situation is solved.

Good luck giving a homeless person anything but cold hard coin.

We get rid of cash, no more homeless people trying to beg money from me. Genius.

cash is KING wrote:

Didn't they just invent a bitcoin to solve the worlds currency problems?

It solved mine.

cash is KING wrote:

Didn't they just invent a bitcoin to solve the worlds currency problems?

obviously you're being sarcastic. But just for the heck of talking about it, bitcoin doesn't really have anything to do with electronic vs. physical money. Since we already have electronic money in the form of credit/debit cards and all whowhatsit. Bitcoin just makes it much easier to do things with money over the internet. But since you can't use physical money over the internet anyway, bitcoin doesn't change the physical vs. electronic money dynamic.

I just felt like talking about bitcoin.

cash is KING wrote:

bitcoin

Over 3% of the world's bitcoin supply is missing and presumed stolen.

come on son wrote:

cash is KING wrote:

Didn't they just invent a bitcoin to solve the worlds currency problems?

obviously you're being sarcastic. But just for the heck of talking about it, bitcoin doesn't really have anything to do with electronic vs. physical money. Since we already have electronic money in the form of credit/debit cards and all whowhatsit. Bitcoin just makes it much easier to do things with money over the internet. But since you can't use physical money over the internet anyway, bitcoin doesn't change the physical vs. electronic money dynamic.

I just felt like talking about bitcoin.

There are businesses that take Bitcoin the same way they take debit. They love it because the credit card companies don't get their "cut". The great thing about Bitcoin and other "alternative" currencies is they can bypass the problems that traditional government (and corporations in bed with the government) issued currentcies have. In other word taxes, fees, and rich corporations that rip the public off. I am sure they are VERY concerned with currentcies like Bitcoin and will figure out a way to control them if they can.