Bitcoin Forum

Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;

•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

I am not convinced that this will happen. Banks can adapt to use bitcoin in their services and stay alive.
For example I don't know who else can do lending without digital collateral.


I believe that Uber will also be replaced by something even more efficient. But it'll take time.


Amazon and online book stores are being replaced by online book lending services.
Storing too many books at home can easily become an expensive hassle. And many still prefer to read from paper than from Kindle or phone.


As you can see, even yourself may not see far enough in the future. It's not necessarily about refusing to see that or being intimidated; people may just miss some bits of info here and there and it's not necessarily productive to think on that, the future evolves continuously and event the models we see as good now may become obsolete and superseded at some point.

No. I just think they don't have a wide-enough spectrum to see what's coming. I notice people nowadays barely even want to read more about the things they hear and rather wait to evolve together with the technology. I think that to see these as being "the future" requires you to be at least a little bit visionary and to be interested in what comes next rather than what we have at the present moment.

Or maybe didn't look at the past, to see what might be for us in the future. Right now, only the billionaires can afford traveling in space, but who knows, maybe in the next 50 years it will be available to everyone.

As far as bitcoin replacing banks though, not sure if this can happen or if the banking institutions would allow bitcoin or any other crypto to take over.

I do accept the basic premise of what you are saying that sharing economy will likely become more widespread, robotics will steadily take over and that old-style banking is becoming absolete. However I am very sceptical that any of the points you made happen in the way you said. World is a lot more complicated than just trying to take the current trend and extrapolate it. If you read sci-fi books from the 1960-s or so then you see them trying to predict early 2000-s by the same metric and more often than not they werent able to accurately predict most of it. This is because the world is a lot more nuanced and ever evolving than you predict

It doesn't look like a matter of failing to accept the future, but rather they have not defined what would happen in the future.
Bitcoin, Uber, Amazon, robotics and Airbnb have all been accepted by people to varying degree, however deciding which technology would replace another is an idea and not certain.

Some would argue that the

This is very unlikely to happen, even though this world goes back to the time of ancient humans.

Bitcoin and Bank are far different, what you think will not happen, how do you combine: Bitcoin and Bank.


These two factors are clearly contradictory, nothing will happen what you think it is, get rid of the dream, no.

This one is possible, it has similarities in terms of its working system, especially: technology, design, structural, construction, application, evaluation, electronics etc, yes maybe.

Well, this is getting more and more confusing. Uber's meaning is broad, what does that have to do with Taxi's, this has nothing to do with that, no.

This is even worse, the perception is far between Amazon and bookstores, Amazon is an internet company, while what bookstores/libraries, wow, this is a mess if you think like that in the future, no.

yes, this might happen in the future still has something to do with lodging and the like, yes maybe.

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Conclusion: Stop saying anything in the future of Bitcoin with Banks, it won't happen, remember that, other elements may be possible, it's up to you, as long as you don't associate Bitcoin and Banks.

Bitcoin is the future of money & there’s nothing banks or governments can do about it. They either adapt & accept bitcoin or get left behind & become obsolete.

Besides probably Uber, t's highly likely not to be a winner-take-all, but a winner-take-most.

1. Banks will have it's own use case for a long time.
2. Not every single human labor can be replaced by robotics.
3. Amazon is dominating, but not as much as some people think.
4. Hotels will still exist, but it will mostly be a luxury.

As for whoever you're referring to with "they", regardless if they like it or not, newer technology will take over.

Bitcoin won't replace or take over or kill banks. It won't happen. Bitcoin, fiats and CBDCs will co-exist in the future. They will have different proportion in our society and have different target populations.

Think of paper book, e-books for example. They co-exist after many years since the innovation of e-books. Each type has own use cases and pros as well as cons.

They didn't refuse to envision the future of economy, they just didn't see what future upholds. Eventually, the young will replace the adults with some ideas that match their generation.

*Bitcoin and banks have different roles in our society and I think bitcoin can never replace banks.
*Possible but not all manpower or labor can be done with robots especially works that requires pure talent only.
*People chooses Uber more because they have the drivers info and they are more secured. Unlike taxis that have random drivers.
*Amazon offers more services than bookstore has, but online books replace both and internet offers free book reading.
*AirBnB and hotels are different, AirBnB offers to rent the whole house while hotels offer to rent rooms only.

You got it wrong, because those robots have replaced Uber. Tesla/Elon planning people to buy/loan cars and put them to work as driverless taxis to pay themselves when you are not using it.

With so many cars doing that, the incentive of owning a car plummets, which is ironic, but that is what will happen.

And of course the same happens to anything else, automation is reaching all corners of life, including aviation and ships.

Do you know the things a smartphone has replaced? The list is way too long. So stop using a smartphone and try to continue life without one, you are suddenly frozen, like Facebook connecting their security doors to the internet, as if that could ever fail (it did, yesterday)...

The less thing i think about Amazon is books, which is terribly ironic. Amazon is the American Alipay, some digital market place to buy whatever. I can imagine you copied that old list for somewhere, but its already obsolete.

Bitcoin is global money, it does far more than mere "replacing banks", it is replacing the State's "role" of issuing and controlling money.

Banks :
The usage of banks for Lending and saving fiat would always be useful. At the end of the day cryptocurrencies like Bitcoins are more important for investments and maybe exchange ( buying/selling).
You would always need fiat, no doubt, we cannot get rid of poverty and we cannot teach everyone ( like old people and very young kids) about buying/selling, sending/ receiving. Therefore it would be very essential to actually use cryptocurrencies with fiat ( with banks ).

Robotics replacing man power is something that's still going on, they are using robots for the surgery, robots are being used to clean areas not accessible to man, they are travelling in space etc. That's gonna happen for sure.

Amazon replacing bookstores ?
Not so sure, there is something about book stores that people do find very comforting, therefore they might be vintage in the near future but then again who doesn't love vintage ?

Airbnb is not gonna replace hotels, it's gonna work with them and integrate the hotels on their sites so they can get a share of money they gonna earn .

Uber replacing taxis is true, but at some places it's cheaper to call a taxi rather than order it from the app so till they are able to compete with the prices, it would not happen..

Now some of what you stated may seem true, it is true that technology continues to replace things that may seem to be convenient to us, CONVENIENCE is the reason why some objects are being replaced, why would you buy a vacuum when you can actually buy a smart vacuum? what's the difference? you just turn it on and it goes around your floor and cleans everything for you, convenience is the main factor to everything, but Bitcoin replacing banks? and by saying that you mean replacing fiat? I think that's not considered convenient anymore, we all know that Bitcoin is designed not to be as the main asset but as a tool, so I really don't think that everything will be replaced in the future, some things are just better left untouched.

Oh man, that's as likely as Putin willingly leaving his chair would be right now. Powerful institutions will never give away their power willingly. That is only if Bitcoin ever somehow miraculously takes everything over, which is quite improbable.

Give it a decade or two and the general perception towards change and advancements on technology will change. There are still a lot of boomers and people who lived during the olden times wherein these tech that we have isn’t even available or quite unheard of. Not that we are engrossed too much in the present, it’s just that change is just hard to accept especially if it’s happening almost quite instantly. I know sooner or later, the society will learn to accept these things and move on, as change is inevitable and they will see the benefits later on of what these changes are about.

Most times the future is predictable, but when it comes to technology, man is always inaccurate in predicting technological advancement.
For instance; in the transportation industry, we all predicted that by now we will have flying cars, but am not sure it's fast coming.
Don't be surprised that an altcoin can dethrone the king in the future. Technology always take us by surprise.

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As for Bitcoin replacing fiat(not banks); when we talk Bitcoin we talk fiat, when we talk banks we talk exchanges.
Some technologies augment another and not replace it.
In as much as we cannot predict that dollar will replace pounds, we should also not predict that Bitcoin will replace fiat. They can co-exist as long as they exist.

Human are so wise and love to discover new things that are beneficial to humanity. Therefore, we can assume more development and renovation that will come from digital world. Traditional ways of transaction may be change totally in the future once everybody will be engage into digital aspect like investment in cryptocurrencies, payment through cryptocurrencies and so on.

I don't think it will happen for bitcoin to replace bank because bitcoin is a digital currency that is not control by the government or share any ownership with any countries in the world. There are still some countries who don't legalized bitcoin which they don't have any ideas about bitcoin despite the evidence other countries that made it legalized are displaying all over the world.

You can't make an argument that Bitcoin will replace banks simply because history has examples of newer paradigms replacing older ones. You need to show how exactly this will happen and also why it will happen. And you also need to consider what banks and governments can do to stop it.

I would agree with you except about Bitcoin replacing banks in the future. I don't expect such thing to happen in the near or far future. You shouldn't intermingle Bitcoin with Blockchain. Bitcoin can't technically replace banks as they are completely different things. If you said cryptocurrency exchanges or Blockchain, then I would understand you. Because Blockchain is the future technology and its potential is big enough to replace many traditional systems.

Note that we are truly still in the early stage, some people might already be heard about Bitcoin, but I'm sure they haven't yet comprehended the truest potency Bitcoin could offer. I might say they are not intimidated by the future, but they still figuring it out about cryptocurrencies spaces in general especially Bitcoin.

Nevertheless, I do also believe Bitcoin will not replace banks. People are accustomed to that it either one or another, but honestly, I don't think the world behaved that way, at the very least it is okay that Bitcoin and bank will both exists. It's not "or" but "and".

Bitcoin is a currency while banks a business. Using Bitcoin doesn't mean you've got rid the need for banks. If it someday becomes the global reserve currency, at that very moment you'll notice how will the banks adapt with it.

The only thing Bitcoin replaces is one job of the banks; the need for a financial institution to process the online transactions.

1. Not going to happen. The best we can see is that banks accepting bitcoins and making it a part of their system (in a centralized way unfortunately).

2. Inevitable. But that doesn't mean that they will completely replace man-power. Someone will still have to look after those Robotic system.

3. Don't think so.

4. You mean online bookstores? Or physical stores? If it's the latter, then no they won't. Physical stores will still exist.

5. Hotels will never be replaced. Maybe we will see an integration between hotels and AirBnb. There are hotels that provide facilities that airbnb can't provide.

Bitcoin has replaced banking system partially because many people who knows about bitcoin doesn't store their money in the bank. because it's obvious that banking system does not yield interest or values to those that kept money on the bank rather whenever money currency depreciates values, it also Affects the currency values in the bank, but when it used for cryptocurrency especially bitcoin the values will clamp up like triple times than bank values, so therefore i prefer investing in bitcoin than saving money in the money, so from this scenario if seventy percent [%70] out of hundred percent [%100] prefer bitcoin system of storing money, that means bitcoin has taken over banking system.

The future is here already whether anyone likes it or not. Whether they accept it or not, these changes will happen. Very soon paper money would be no more and all that would exist is electronic money. Bitcoin is the future of Cryptocurrency, it's better for the world to accept it sooner than later.

Some I can agree others I will reject. Because as the other said, banks will choose to adopt the revolution of the crypto industry instead of totally rejecting it. About using it as a means of payment for transportation, I think that would be possible since we already know about the Pyagyo in India accepting BTC as payment. Other means of transportation will follow when they see the growth of others.

Many of the things mentioned by OP are happening right now. as to Bitcoin replacing banks, that is slowly making true but not yet on the level that banks are getting worried. Instead, what is happening is that banks are adopting by also joining the bandwagon. So it is quite possible that instead of banks as the enemy to topple by Bitcoin they can be so friendly with each other as banks go where the money is just like sharks going where they can smell the blood and in this case the possible profits that can be made. I can see that soon we might have a bank called as The Bitcoin Bank.

I think those 2-5 list is already replacing those in this era but bitcoin is still have long way to go because it's still controversial and not less people are againts it because they could have disadvantages if bitcoin becomings people's main wallet.
People still need to develop bitcoin with safer security and more transparent to make a country want to adopt it as a main currency, in my vision it will still need 20 years or more to make it world wide.

If banks can adopt crypto to their system, maybe that can give them benefits and make their system secure. But it needs more research from them about how they can use crypto besides their system. Banks themselves need to evolve using a digital system because the era is changing, and they need to adapt to the growth. But suppose more companies can accepting crypto, especially accepting BTC as payment. In that case, that could evolve the transaction system to a new system and that will be a matter of time before that can happen.

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I do not agree with you on this ground Bitcoin replacing bank, even if Bitcoin is been accepted in every country in the future it's not like Bitcoin will replace the bank. What I am really sure about banks will work with cryptocurrency, exchange of Bitcoin will be done in the bank not Bitcoin replacing bank totally.

It’s uncertain that all which you have mentioned will replace the existing system e.g. robots replacing human as there can’t think and take action on the job. What is achievable is them working in collaboration with each other to bring about a better future.

there is no comparison about banks and Bitcoin though both can be somekind of holding our funds but they are different in many ways.

like mentioned in post above me , Bitcoin is clearly a currency  but Bank is a Business in which cannot be at once compete.
though there is one who comes to be happening and that is Amazon replacing Bookstore because nowadays bookstores are slowly dying and we might not seen one in the near future.

There is nothing bad about having new things and different ways to try things that we are doing. So, we can have new ideas and new things coming out, but what I wouldn’t really know if I’m going to like is a replacement of the ones that are already there in the past. Most of the times new things are there, to suit the needs of some people, because everyone is different from each other.

So, if you see what is good for you or what you’re OK with, you should just go for that and not insist that what has been or other options that are available are going to be taken down or replaced just because of you are satisfied with another, there are others who are not satisfied with what you are satisfied with, they have their own preference and we should respect that.

These stuffs that you're mentioning has already happened except for the bitcoin part, we still got a long way to go. We need to solve the energy consumption by the network because whether we like it or not, the network is consuming a lot of power. The robots one though, it's sort of in the middle or at the least encroaching as we haven't perfected automation and people aren't ready for this because people need jobs to make money and put food on the table.

It not something we need to think of before we can understand that some people or organization will be intimidated when an innovative idea or technology is introduce, the same thing happens when planes were invented.

Why do you think Bitcoin is excluded when some financial institution and government are still intimidated by what Bitcoin may become in the future?

However, the energy used to print fiat annually is more than the energy used to mine Bitcoin annually.

I guess you are not seeing things that straight...

•Bitcoin replacing Banks.

-Nah. Won't happen. Banks will step in and create their own use cases (if they haven't already)

•Robotics replacing manpower.

-Probably one day, but not sometime soon. We will be seeing a progressive change on several jobs that were primarily done by humans, but humans will still be on top of the decision chain

•Uber replacing Taxi's.

-Not right. They can coexist. They can both do the other's job.

•Amazon replacing Bookstores.

-Wrong again. Amazon may have seen its golden days but they are still here to give a fight. There will be always someone buying from Amazon.

•AirBnB replacing Hotels.

-Not going to happen. While Airbnb may be offering the same service as Hotels in the near future, each business can diversify the target users to get and can both coexist. Airbnb may be stepping into the long term rental market sooner than going into hotel business.

I think the hassle is always about change. There will be always the ones who fiercely fight for it while others will be the reaction.

The first line of the OP is also that something I don't think will happen in our lifetime. But all the others have the possibility. But bitcoin replacing banks? Very far from happening at the moment. It may co-exist with the banks but ultimately replacing it, I am not seeing that to happen in our lifetime. The first thing the reason why it won't be, is because it is decentralized, and the government wants a centralized system so they have the grip of what's happening to their financial system.

I highly doubt this will happen in our lifetime, but who really knows.  However, governments always like to maintain a level of control--thus I don't see banks moving away anytime soon.

To expand on robotics, AI will make the largest displacement the economy has ever seen, which is why it's important for anyone in the lower class to get involved in Bitcoin now. At least having some assets will be valuable in the future once the elites use AI and weaponize it against the lower class.

I can imagine how our future will be and that can happen in the future.
Some already happen and the others still need to wait for the development for more.
But bitcoin is not replacing the banks because if bitcoin does that, all countries will have one currency, which is bitcoin, and I do not think that they will accept that.
The era already changes into a digital era, so whether they are ready or not, we will face it soon, which can happen anytime.

There are things that should have disappeared and in fact at the beginning of this 21st century some collapsed, others overcame that collapse and remain, that collapse included technologies and business models that were future, and in their collapse at the time: "how we do not think that this could disappear or even get better".

The future can be very far at times but the future is only 1 second, so the future of anything can be predicted with enough accuracy the shorter the prediction time and there we are all experts; improve something that exists as a business model, for example Uber, AirBnB and Amazon itself, they are pushed to do so by their own environment, they have not solved anything they have improved it and thanks to whom! to a true future that, although it is present, the Internet is constantly expanding.

Robotics and bitcoin deviate a bit from your example, because they are transformative, they come to modify business models, daily life.

The robotics only wait because the technology continues to advance and the future of what we think may be a robot is reached.
But instead the bitcoin is there, it already has the technology, it has the platforms, we already know How are its limits and why it is here, but it is still difficult for many to understand, to think how it works, then the future here will be to change our way of thinking about how our assets are managed and the laws that govern it.
 
^{O_T: The best future is for every human being to have access to water, that if it should be promising so that we all have the ability to see it.}

For the near term I think this is still very difficult. The future still requires bitcoin paper money may be an alternative means of payment but that may take quite a while. Currently the world's population is not ready to accept. I think today's society is a transitional generation, the millennial generation may be a source of change after the generation before the millennium ends. Today we are being herded into digitization, so now it's all starting.

I don't think that Bitcoin will replace banks or any kind of a similar system. But if you say Blockchain will do so, then I would agree with you. Because I think that Blockchain has a very bright future and it already started being used in some places. The traditional system of banks can seem old beside a new technology like Blockchain. But when it comes to Bitcoin, it will not replace anything I think and it will just stay as an alternative way for people.

That seems to happen but that was not an unfortunate thing to happen as technologies upgraded just to give the very comfortable life that we wanted. I don't disregard these changes, it might be difficult to adjust at first but we have to embrace these things as this will come.
But above all of these things mentioned by OP, "bitcoin replacing Banks" is very unlikely. I simply don't believe that because it was clear to us that it was not how Bitcoin was meant to be.

it is very, very unlikely that bitcoin can replace banks, because banks are a place for collecting, and distributing fiat money. while bitcoin is digital money that can always be managed by the bank itself. So bitcoin can replace the bank it's a different element.

Hardly think one would happen. It's gonna split into two imo, but majority would still use banks due to convenience. Honestly most of your samples were more convenient ones replacing less convenient ones, but considering how Bitcoin is compared to the current fiat system in terms of it, I'd have to say banks beat Bitcoin by a mile.

Banks were made to provide convenience, Bitcoin was made so that you can be your own bank. It's convenient yes, but that'd be a subjective view imo.

how can you say bitcoin can replace banks ????
bank and bitcoin are very contradictory in my opinion where the bank has a system and rules in every transaction
not the other way around
so one thing is impossible if bitcoin replaces bank

Why do you think so?? . It is undeniable that we live in a technological world, technological progress is very fast. If entrepreneurs do not upgrade their technology , they will be outdated and as a result they will go out of business . The progress of the world will definitely be felt at all times and people must follow the flow if they do not want to be left behind. It's just how we respond to the times.

talk about the future, then we don't know what will happen. at this time we can guess that the things that exist today will be replaced with something new. however, we do not know what will happen in the future.
however, based on the text made, if a developer does not develop his business for the better, then it can be replaced. however, we don't know how far this development will go. I think the government will not be silent about bitcoin replacing banks, especially its decentralized system. however, I agree with the idea that what if in the future, banks take advantage of bitcoin. it will not make bitcoin replace the bank. In addition, there will be projects that replace other projects if there is no development at all or the project is old, and cannot adapt to technological developments.

in the future I'm sure banks will adapt and accept bitcoin and another cryptocurrency...

btw, I don't agree with airbnb going to replace hotels because currently airbnb has collaborated with many hotels and makes it easier for customers to make reservations at all hotels around the world. I agree more with the sentence 'collaborate' not 'replacing'

Nobody can predict the future accurately.

But in my opinion about these:
It will be very difficult and seems impossible because banks are under the control of the government and also world banks. And they will not let it be.

It may also, and it may be not fully, but most of us, well, and I am wondering and imagining like the movie with robots  :D

And about other probabilities, they may be possible, but of course, they will face difficult and hard problems, obstacles and challenges. Because sometimes they will be dominant, not replacing all. Because every country may have a different culture. And maybe there will be other types of new future again

I understand some people's concerns though. Think of how much unemployment some of the changes you mentioned will bring. Robotics will replace employees who do hard labour. Amazon making people not to enter physical book stores anymore. But as for Bitcoin, that is a really valid change that will rather better things and even ease payment.

Why not just go along with both futuristic business ideals and as well as the traditional businesses and currencies that we have. I think existing at the same time gives us a better option and idea on what we prefer and what's giving us the easier option for things that we need like those services that you've mentioned in the op.

Visualize a government without banks. Dive deep and you will see it might cause chaos.
There are those who won't agree and others who don't have the knowledge about it. It's not that acceptance is being neglected but taking out the traditional way may become the hardest part for a change.
First and maybe the most important of all, as a government that will try to change the financial system, they will need to educate everyone.
That means textbooks for rural areas, paid advertisements for the urban, computers, smartphones for each family, inserting them in curriculums, and more.
Why replace banks? Adoption is all they need. Small steps are better than none.

Banks become a buffer for the economy in a country, if banks are eliminated, and cryptocurrencies are replaced which cannot be controlled by anyone, then I think the government will object to that. and even if it happens, I think it will still take a long time, maybe generations after us. For now, I think it's better if we enjoy making money from cryptocurrencies

For bitcoin and banks this will be difficult to happen, because they can work together so that nothing is replaced, from the past the bank is one of the exchanges that is always used around the world and this network is already very popular among the public, but for others it could be replaced because of the ever-changing global developments, and many people will hunt using the easier, And we don't know how it will happen so what we have to think about right now is to adapt to the development of the technological times, and we have to be on the right track.

Also bitcoin has eradicate some elements of poverty across the nation, since the introduction of cryptocurrency especially bitcoin in year 2009 some people method of investment and methods of life has absolutely changed, so the Divine bitcoin brought is high From my perspective, so i don't really know what others are lamenting about bitcoin out there wether positively or negatively but what i really know is btc make some people to be self employed since they notice the important or it's advantages.

The use of bitcoin is increasingly massive, now more and more countries are legalizing bitcoin so this is a good sign that the future of bitcoin will be bright, I believe bitcoin will become a legal payment system in the future so that the value of bitcoin will continue to increase.

as technology develops, there will be many increasingly sophisticated technologies to make it easier and help people. as it is said that currently the development of technology is growing rapidly and so is crypto. bitcoin is increasingly recognized by many people and makes bitcoin more valuable, many people say that bircoin will be the future of currency. it could all happen if it was supported by the people themselves. we know that replacing fiat money with bitcoin is not easy, People need to adapt to it so the path may be a bit difficult. I think that even though the development of technology is growing, it doesn't mean that the old technology will also be eliminated.

This the main reason why government and bank's don't want Bitcoin and Crypto Currency, I think they'll get out of control and can no longer be in full control by the government.
Truth be told Bitcoin can replace banks,but will sure replace paper money in the nearest future.

Yes, progress and innovation are kept on happening but btc will stay as btc but there are things that will bloom one of this days that involves BTC. Like using it worldwide for daily transaction or payment and others. Lifting ban, specially in some countries and many more.

Yes the simple reason is that they cannot control the funds that is kept in crypto space and both government and banks want to control of the money so that they can plan their schemes accordingly.

These things could possibly happen in the future especially now that our technology is getting more advanced but I don't think Bitcoin replacing banks could happen soon. We all know that there are still lots of things that contradict it. Bitcoin is still in the process of adoption so it still needs time to be accepted in most countries.

In this day and age we have to keep up with the times otherwise we will be eroded by change. Nothing lasts forever. They are not lost, only replaced with changes for the better. But bitcoin cannot replace banks because they have their respective functions and their benefits are different. So no intimidation here. Because we live in the future, not in the past.

correct, it will gonna happen and they don't have choice as it's very obvious that bitcoin is really the future, indeed even nowadays there are some countries that already adopt bitcoin and made it as a legal tender.. So much more in the future? Unless if other countries create their own digital currency like what happened to china because there's a potential it will not  gonna happen to bitcoin.

I think this is really difficult because BTC is very difficult to replace fiat money and it can only exist side by side.
Yes,it is the progress of man in the future i think human power will be completely replaced by machine power
I think Uber will replace taxis in the future and it will grow strongly, in the future it will replace all taxis.
Amazon is popular and known by many people, but I still like to read books on mobile apps or books in the library because it is more convenient and easier to use Amazon.

No one can anticipate what would be happening there in the future. Today if we Compare the last 100 past years with 100 future years what will we feel. What will be the situation there about advanced technology and software development. What replacement will be taken there?
I think that Bitcoin and cryptocurrency will be a Global currency in the coming day and its business will be going as a Global business in the global Bitcoin market.

I don't think this can happen, especially if Bitcoin Replacing a bank is difficult because market conditions are unstable and difficult to control or even impossible to control. Yes indeed no one knows what the future of Bitcoin will be, when viewed from previous years Bitcoin continues to skyrocket and is increasingly known to many people. This is a positive thing and maybe this can be a big hope for the future so that Bitcoin will be better and not abandoned. As a crypto user I hope so too.

Well, new things and ideas keeps coming out every time. The world never seizes to impress us with new things all the time. But some of the things we see are not there to replace the ones that are already there, rather they can come to coexist with the other ones that have been, and just be another means to achieve the same thing.

Uber is same thing with Taxi, except that it has made things easier, you don’t have to run out to look for taxi, rather you can order for that same taxi in the comfort of your home at anytime. So, these innovations are making things easier and not really a replacement. Between bitcoin and the bank, I think it is more likely going to be a coexistence.

It's a 50/50 situation here, cause I can agree and disagree at the same time:
banks will adopt to BTC
robotics will replace man-power only where possible, cause we know what life-factors are and not all robots can easily replace a man-kind thinking
Uber is a taxi already, but there are countries that don't let it in, cause they already have a monopoly and that might stay
bookstores can be replaced by anything, but still real paper books will stay in use, because of the aura they have,
hotels will doubtedly come out of popularity, cause there are too much people who are not ready to give up comfort and luxury to rationality.

Of course, this is all a distant future, I do not think that all this will happen, although in this I also believe that the blockchain can really replace the banking system. But it seems to me that our society is not ready for such changes, especially when the cryptocurrency is on everyone's lips, it cannot replace banks at the moment, it will be in its speculative form for a very long time and this is good.

We are all not fortune tellers, so we don't know what will happen in the future, anything can happen in the future. But for now I dare to make sure
the banking system still cannot be replaced. Moreover, blockchain technology is still being studied and not fully understood by the government,
so most countries are still neutral towards cryptocurrencies. So we should just be grateful with the current situation, at least we can all enjoy
the benefits that cryptocurrencies provide. It takes a long process to replace the banking system that has been running for a very long time.
After all, most people still need education about cryptocurrencies, to be honest the majority of people don't really understand cryptocurrency.

it is not the society is not ready but it is the idea why there is a need of Replacement? why does Blockchain need to replace banking system in which the world having all our life for hundred years?
do you really believe that as easy as that it will be replaced? People around the world knows Banking but only few knew about Blockchain so where did you get the idea of replacing?
this will only happen in the next hundred years and not in our generation now.

Bitcoin replacing banks in my opinion is impossible. Bitcoin is unstable and uncontrollable making it difficult for him to replace the position of a bank that is controlled by a government or state. Bitcoin is more suitable as an option to invest in the future or trade as it is today. However, it is more developed and gives rise to new techniques. Even if you think about it, fluctuating market conditions indirectly become your source of income from crypto, when the dump market you buy then pump you sell it. Otherwise it may be difficult for you to make a profit

Indeed. I think some of those I agree but others I will reject. Because as other people said, banks will choose to adopt the revolution of cryptocurrency world, it is too impossible to happen. There's a lot of things that crypto is used such as a way of payment for transactions and other goods and services that crypto don't need banks for using as a way of transaction. That's how human are so wise and love to discover new things that are beneficial to humanity. But, still it will depend to what should happen to the future, we can't predict.

We haven't gotten the best of AI yet we still await more technological advancement In some areas you mentioned above like for Bitcoin it can't replace the traditional banking even if it might serve as a compliment in near future. Bitcoin isn't stable a more stable digital currency would serve this purpose

For Uber we haven't had the best of transportation yet more advanced technology would be developed to counter Uber service in the future

Robots are gradually replacing human efforts in some sector of life and soon it could be incorporated into many other fields
More and more advancement are expected. Artificial intelligence is the future replacing human efforts with sophisticated machines

I think with a lot of these things there is a big difference from one to the next.  I would agree with your premise that many people are failing to see what's the best bet for the future, but as with anything this simply takes some time for people to get used to.  I think with all of the other things they were a much lesser transition than going from traditional money to bitcoin is.  It will happen over time imo, it will just take some time.

4 years ago there was a lot of speculation that bitcoin would replace banks but realistically the world needs money and bitcoin converts into money needs, all economic chains have their own mutualism symbiosis

the future point that you imagine may only be a few things that happen but we are social beings who will never be replaced by robots even in the  place of work


maybe this point will be realized in the future, especially after the covid pandemic

Banks have their own use case and it has existed since the beginning. Replacing it with bitcoin is impossible or it may not happen.
Robots cannot do all human work, it will not happen to replace human power but they will remain in the future and will be a part of people’s lives because of modern technologies.
Amazon is a company that offers online services. Bookstores will remain in different places and will continue to exist because people prefer to read hard copy type books rather than electronic books.
Maybe a lot may change in the future but what people have been accustomed to since then will remain.
Let the next generations face those changes.

Although we know nothing about the future but in my own opinion, i do not think that bitcoin could replace banks.

I know that it has a potential to do so but i'm still not convinced. I wanted to witnessed it myself, with my own eyes because you know how the old saying
goes " to see is to believe" and that's how it works for me.

The world is still in a process of developing and evolving, i wouldn't be surprise if this happens because it is already starting to happen.

Right now, we're already experiencing the near future ahead of us where everything is handled by robots and robots alone. Japan is a good example, they make robots serves in a coffee shops. I've seen it recently and was amaze by it and indeed robotics would replace human power in the future. There's no doubt about it.

For more info, click the link below:
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.businessmodelsinc.com/machines/&ved=2ahUKEwi-6f3DlPrzAhXBdN4KHRj3AyQQFnoECDQQAQ&usg=AOvVaw3DrnIgPsZvq91tlVVqQoJt

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In summary, the technology will be replacing the manual work and  if all of them is deployed in true sense, it will be helpful for the humanity. We have already seen the advantages of Uber and how it changed the whole taxi industry. Robotics  and Artificial Intelligence is the next big thing and bitcoin will also get more adopted with passage of time.

Exactly, People I've seen (most) need to have the satisfaction that their money is safe and protected but they're not responsible for it.
This behavior itself is avoiding responsibility and one of the many reasons for them to prefer Bank over Bitcoin or Crypto.

Banks also provide loans which Crypto also can but it's complicated and is extremely hard to handle.

I agree with the opinions of the majority, for me to change the future into a bitcoin crypto currency is enough for me to increase it even more now I will exchange it in case bitcoin changes in the future here I will still remain a bitcoin crypto  bounty and as far as I know, even in other countries, bitcoin is gradually entering, soo for bitcoin has changed the whole world and that will come too, inshalla

In the future… the virtual reality is growing. If you just watch people, you quickly notice that they are with their smartphones. For the most part, they play games or check social media. Sometimes they make phone calls, but the cell phone is no longer as important. So most people are gone in a virtual world. Den now the metaverse will develop and people can do what they want there. That will be the future and in that future there be a virtual currency...will it be bitcoin?

to replace the old technology is not easy and it will be difficult because it takes trust and confidence from people to use new technology as described above. doesn't mean you can't, it's just that there are some things or technologies that were created just to help make things easier, not to shift old technology because it would be difficult. and talking about crypto replacing banks I think it will be too difficult, crypto and banks are different. they have their respective advantages that cannot be shifted from one another.

The reason why banks still get the trust of the majority of people, is because banks can provide security and protect their customers money,
without the hassle of customers being responsible for their money. All the banks will handle it, while in crypto we ourselves must be responsible
for the security of our money. For people who want to manage their own finances, without a third party involved it will choose crypto.
And in the future more and more people will choose crypto, because people will increasingly understand the benefits they get from crypto.
But that does not mean that in the future banks will disappear, but it is likely that banks will start adopting crypto. According to my predictions
eventually everything will remain both banks and crypto, because it is impossible for a bank system that benefits the government to be replaced
by crypto.

I believe, that's one item from the OP's list that would not happen in our lifetime. Yes, crypto is growing but I don't think we will see it proliferate and replace the traditional banking system. There are benefits using crypto but we can't deny the fact that the government is still relying from the services of traditional banks. Actually, most of the population on this planet will trust the banking system over crypto system. For one, the government wants a centralized platform where they know the ins and outs, and crypto is far from this system. But we can all agree that crypto adoption is growing each day, so let's just appreciate this growth and look at reality.

Everyone have right to thought and expression. Here the discussion is about "the future" it maybe 10,100 or even 500 years. The legacy of banks are falls that you are witnessed in 2008 crisis. So I strongly believe ending up of banking system  and the fiat currencies are near future. Maybe Bitcoin will not be replace banks but government backed crypto currencies will definitely replace. In 40's and 50's digital transaction is just a dream bt now it's common. So whatever shifts come off we should update our acquaintance and go ahead.

Bitcoin and banks are different entities. A bank is a legal entity that oversees the circulation of applicable money, while Bitcoin is a cryptocurrency or digital money.
It can be seen that Bitcoin and banks have different functions, maybe in the future what will replace Banks will be Exchanges that bridge the circulation of cryptocurrencies, including Bitcoin.

There's no way this is going to be possible. If you said it would make banks redundant, there would be a possibility to that the same way eMail made Postal services redundant. Even with the spread of knowledge and use of the internet in sending messages, the eMail hasn't still replaced postal services. Come to think of it, there are countries still struggling with internet services, and there are some with much illiteracy level; so how are those ones going to fully embrace Bitcoin and jettison banks?

There are jobs robots still can't do despite their sophistication. And that will continue to remain that way. Nursing is one of them.

Isn't Uber taxi? Both are the same except for convenience and ease.

The point you mentioned will probably happen in the next 10-15 years with the presence of the metaverse. all structured in the digital world along with Bitcoin as the currency and robotic have assignment to working.but in the real world the Bank still dominates, especially as long as there is a global elite that governs the world government, it is impossible for the Bank to be acquired by bitcoin. everything we dream of in the future will be possible

While I support bitcoin I am not so sure that will ever happen, the influence of the governments will be massive for this development not happening but people will also play its part, we must remember that banks originally were created to keep the gold of the public safe since they could not do it by themselves, and I see the same happening with bitcoin, many people are not capable of securing their coins and will rely on banks to do this for them, creating a need for banks and the fiat system.

Human are so wise nowadays and love to discover things that can benefit to humanity. Therefore, we can assume a lot of development in the future such as the way we do transactions. Bitcoin may became a future money and there's nothing that banks and the government can do about it. Bitcoin or banks can't even replace each other or Bitcoin won't kill banks. Bitcoin and banks may exist in the future but have different proportion in our society and have different target population. And about the Robotics replace to Man-power, it might be possible since technology is very useful nowadays that people may think to create even thousands of it. As I was saying, human are so wise nowadays that they will discover things that might benefit to humanity.

I'm not sure this is an intimidation of progress or whether their reason is a real fear so they reject bitcoin but I still believe this needs time and a middle solution so that everything becomes simple and complementary and accepted in the lines and terms of the future economy without dropping each other

For me in my country right now all this are not true for bitcoin replacing banks, not even talking in respect to my country I didn't see the reason that will make you say this even if you use bitcoin replacing fiat I can even try to agree with you on a little percentage

im not sure if bank replaced by bitcoin. yeah, crypto user is strong than banks, but its not strong enough to replace it, but i have faith if they can walk together.
hard to adapt in new technology for older, they must choose to take the easier than something thorough.

According to wold bank, there are around 2 billion people globally that are out of banking system due to different banking constraint. Bitcoin can be very useful tool to include all these bank less people into financial ecosystem. But bitcoin is not in a position to replace banks. Just like AirBnB coexist with hotels n uber with traditional taxis, bitcoin will coexist with banks.
First of all Bitcoin need to made it to main payment system, if it really wanna replace banks.

"Bitcoin replacing Banks" unreal about that uncertain future not only some bank institutions but almost all banks do not like to participate in legalizing bitcoin in their country ,even in my country banks are very against crypto ! another thing is that bitcoin is superior to banks because the current situation around the world many are adopting bitcoin and they are even more fortunate in investing in bitcoin ,starting from trust of the whole community that invest in bitcoin leads to abundant wealth ! this point will also coexistence with banks in a more advanced society's economy ,because banks also benefit from customers who disburse funds to bitcoin or from bitcoin

It is the nature of humans that he remembers the past in good words but he remains fearful about the future and what is going to happen to him. This is not reality. Change always takes time until the human mind is ready for this change.
 What will be in the future always expect God that he will do better. And surely you would find everything better.
Nature always wants change and advanced technology is a reality. something will be replaced by someone and this is a natural process. Not no need to worry about it.

Updates happen all the time and things like what you said may be replaced with newer ones in the future.
but for the bank that btc replaced I don't think something like this will happen.
although indeed btc will continue to increase and more and more adoption but things like this will not happen.
the bank will still exist and will always be there at any time I think because their position is still vital.

The future is digital for sure and the mode of payment is going to be cryptocurrencies which will be accepted worldwide.
And banks are already trying to take this over crypto currencies, back in days when the news showed that bitcoin is banned in many countries and banks bought a chunk of it when the majority of people sold.

Indeed Uber can replace taxis but I'm not sure if Bitcoin can replace banks, we all know if banks are backed by the state and if banks are replaced by Bitcoin then Bitcoin needs support from a country. In my opinion, decentralized Bitcoin cannot be controlled by the government, unlike Banks which can be controlled by the government, so I don't think Bitcoin can replace the position of banks. Let Bitcoin be a financial and investment alternative to fiat, I think the role of Bitcoin now is very good because Bitcoin creates jobs for people like me.

I think it's normal to feel intimidated by not feeling ready for change. I'm sure they will slowly adapt and accept change.
Bitcoin will not replace banks because the two systems are different. We still need Banks even in the future. it is impossible for a country to use bitcoins they cannot control to replace banks.

That was totally wrong for me to say bitcoin will replace banks,banks are meant to accept bitcoin transaction it not too.
It's either government place rules and regulations to control bitcoin transactions rather than banned of cryptocurrency affairs.

Yes and why need replacing ?why people keeps talking about Bitcoin or cryptocurrencies will replace banks? when banks can adopt crypto if they wanted so what is replacing to happen?

and also correct , putting regulations is the only thing that government need to do so all will take into table.

Just imagining or imagining I agree, who knows it could come true, could it be........

For me, I definitely think that there is only one Bitcoin and a bank, maybe with the current technology, crypto is rapidly growing into a bank, but still in fiat money exchange, but people can do the same thing as today, crypto is measured and can be exchanged in banks, maybe.

need to know that bitcoin and bank systems are different, as well as others. I think they all have their advantages. With the existence of new technology and also new discoveries, it does not mean that old technology is also abandoned because each technology has its own advantages. although now the development of technology is growing rapidly but many people are not able to accept it well. I think it will be difficult even to wait for this to happen in the next few years.

Some will lose their functions but some will retain and still exists. Banks and fiat money still have their purpose and value in the community that we can never think will vanish and replace by crypto and blockchain technology.  I'm for sure this will never happen and what we gonna see is adoption by the banks and they have to just for the sake of fulfilling the needs of the people and their old clients.

I don't feel like those who always think badly about the future. I even want to make it a hope that later can come true, because everything will change over time, it is impossible for it to continue like this, I hereby agree to what is written for the future ..!

I don't think the "bitcoin replacing banks" will easily happen. For something that already take part in world for long time, wouldn't that easily replaced especially for not all people can reach. We know fiat even people who don't have technology can use it, and for bitcoin replacing bank, still need a very long journey.

The world is moving digitally it's possible that bitcoin can replace bank in time coming because bitcoin is like global currency which no country today don't know about it, and we should know that anything prediction made because of bitcoin will come to the passed because it has take over the countries

In terms of inflation in currencies that is happening at this time, actually many governments - BANK - already know some of these weaknesses and that makes them not touch the realm of blockchain [bitcoin] because the technology carried by bitcoin is not in line with bank policies that can fully regulate money in country

while they are doing that people are keeping to find and learn about alternatives and in this bitcoin and crypto are entering peoples lives.
from no knowledge to become crypto living humans, the popularity of crypto is increasing day by day and this will come to the extent that people will seek for this than using fiat so the future still lies in crypto and not the centralization of fiat government.

The future of Crypto is bright. Because there are many succesful blockchains are introduced jn Crypto and its also been asset of payment and many of countries make it legal and it is Success. Which shows that the future is bright