Bitcoin impacts?

[mskryxz]

Be your own bank

[1714752825]

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[1714752825]

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[1714752825]

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[Mr. Forum]

Bitcoin has a great impact to the society. It allows options for trading thus creating employment. With high level of employed persons in the society, their living standards will be highly improved. People will have a reliable source of income that can help them make purchase of the daily needed commodities. A poverty free society is the best ever. I also believe that the economy will be improved if the bitcoins are used to the maximum of their potential. The positives just outweighs the negative impacts.

[delliaerd]

It's cool not having to depend on a bank or any corporate business. I can control what I do with it and when to withdraw and when to start saving and how much. There's not limit to what you can do with bitcoin.

Sure its amazing to have full control of your money without need to ask banks to let you witdraw your funds ,they take a fee from your money that they lend to others,then ask for some days to be able to withdraw big ammounts like 10k dollars ,bitcoin can moove milion into anywhere.

But if you save bitcoin until million dollars in bitcoin wallet, it is not safely. Hackers and cracker can detect your own wallet and maybe will steal your money. So better have more then one wallet to save a lot amount of bitcoin.

[Wapinter]

Mass adoption of bitcoin can force many financial institutions to make overhauling to their over all system.It can force money processors to lower their fee.Global monetary market will be severly effected by bitcoin

[MWesterweele]

Too many good bitcoin impact for our society.First is easy bank anywhere and easy money transfer.Fast payments on every online shops.Bitcoin can be a home based works for many people out there.Using bitcoin you dont have to pay big amount of taxes,all transactions is almost tax free cause of its very cheap transaction fees

[JeffBrad12]

For you which could be the most important impact that bitcoin have made, will make or has been making to our society?

the impact that bitcoin have made to me makes me have a more salary. make more easy to transfer and make a transaction or other.

the worst impact that bitcoin have made is to bank, it's will make decrease their customer or users,

[wintermeasures]

For you which could be the most important impact that bitcoin have made, will make or has been making to our society?

Nice thread never see before. For me personally on the community impact. with bitcoin I so rarely socialize. But for global bitcoin make welfare increases because a lot of people using bitcoin with increasingly rising prices. thank you

[cjmoles]

I think that much of the impact bitcoin is having on global affairs is not being covered....It's not being covered because it is developing on a scale too grand to be quantified with reasonable certainty.  Recent developments in analytics in conjunction with information gathered from farming social networks is producing overwhelming details about the inherent prospects of a globally connected world.  Bitcoin's network is more powerful and influencial than what's being admitted....It has an enormous potential to do good but it also has a tremendous aptitude to be disruptive....Let us understand it because what we do with it is our responsibility alone.

[sportis]

    It is released exclusively via the Internet, without the mediation of any bank, state or a central financial institution. The nature of digital currency makes impossible the manipulation, as it acquires value through the disposal of users to deal with them. In other words first time in human history people has absolute freedom to do anything they want with their money

[CyberKuro]

for decades people have thought only banks can control an economy and that anyone making their own currency would be put in prison.

for decades people have thought the only option to store value or trade for investments was through banks and wall street institutions.

but now people can make their own currency, as a local village economy, as a business asset (instead of shares), to take funds across the world without caring about the $10k limit. to purchase something with deflation without worrying about needing a gold vault or pay rent to security firms.

people are now realising their reliance on banks is not so required as they thought

Bitcoin affect a lot of people life as the ability of bitcoin replace many services that usually we do through banks system.
Decentralized system bitcoin remain as a major differentiators compare to any other currency system which could lead to harm people due to inflation and the value going down.

[bajing]

Bitcoin had making impact will make us close to our society, you will try to introduce bitcoin to anyone you know, trying to get referral by invite them to exchanger or some site that will make you get extra income and also you has help anyone to get money.

[MingLee]

Bitcoin had making impact will make us close to our society, you will try to introduce bitcoin to anyone you know, trying to get referral by invite them to exchanger or some site that will make you get extra income and also you has help anyone to get money.

And 99% of the time that income isn't worth anything unless you have literally dozens to hundreds of people slaving away at the same thing constantly.

Getting extra money is fine, but referrals blow a lot of the time and I wouldn't put time into it.

[SvenBomvolen]

   It's to early to say something about bitcoin impact on society and world generally. There is great individual stories, bitcoin made many people rich already and many others are earning good money. Bigger impact will come in future, I see that bitcoin is still in faze of mass adoption.
   

[The_Dark_Knight]

for decades people have thought only banks can control an economy and that anyone making their own currency would be put in prison.

for decades people have thought the only option to store value or trade for investments was through banks and wall street institutions.

but now people can make their own currency, as a local village economy, as a business asset (instead of shares), to take funds across the world without caring about the $10k limit. to purchase something with deflation without worrying about needing a gold vault or pay rent to security firms.

people are now realising their reliance on banks is not so required as they thought

True but I want to add that in the past national currencies existed but local currencies existed too, in fact there were a lot of local currencies in the world, banks did a good job destroying all the competition until the arrival of bitcoin.

[warwar]

It's cool not having to depend on a bank or any corporate business. I can control what I do with it and when to withdraw and when to start saving and how much. There's not limit to what you can do with bitcoin.

Sure its amazing to have full control of your money without need to ask banks to let you witdraw your funds ,they take a fee from your money that they lend to others,then ask for some days to be able to withdraw big ammounts like 10k dollars ,bitcoin can moove milion into anywhere.

But if you save bitcoin until million dollars in bitcoin wallet, it is not safely. Hackers and cracker can detect your own wallet and maybe will steal your money. So better have more then one wallet to save a lot amount of bitcoin.

I agree on you ,it is very safe ifyou have a lot of wallet so that you can distribute your money for security purposes if incase your account will be hack by someone or your password is been cracked then it is a big problem. Well the disadvantages is you can be confuse on the accounts and your password

[jonahmarieaton101]

For you which could be the most important impact that bitcoin have made, will make or has been making to our society?

Actually bitcoin gives a very big impact to the people nowadays. Because bitcoin is the best form of money i've ever seen in the history of civilization. And over the past years, bitcoin has been gaining significant impact throughout the world. Bitcoin change the global economy. Bitcoin is remarkable where it allows me to send money to anyone anywhere in the world, it is free without any party.

[Snorek]

Be your own bank

It is actually funny that this slogan is used by one of the biggest online wallet providers Blockchain.info - Be your own bank, so we can store your bitcoins for you.

Bitcoin change the global economy. Bitcoin is remarkable where it allows me to send money to anyone anywhere in the world, it is free without any party.

We don't see any radical changes here. Bitcoin with its market cap of $12 billion is not exactly a major player of global economy, not yet.
Sending money though Bitcoin network is not the best argument - with PayPal you can do the same - unfortunately most people don't care about 3rd party factor if transaction is free.

[alien-fx2]

Soon the banks will be of no use if bitcoin becomes popular and worldwide usable..

If Bitcoin starts being accepted in a large number of places, and if most people adapt to it, this can happen. But I would not say it will happen soon. The adoption of a technology like this, by the majority of the population, can take many years, maybe decades...

[ardentvolcanoes]

Soon the banks will be of no use if bitcoin becomes popular and worldwide usable..

bitcoin might become popular in the future and will be used worldwide but i don't think banks become useless as there are still fiat in the future as well and bitcoin will still be a cryptocurrency and will never be the same as fiat. but yes if bitcoin will be adopted by most of the local stores bitcoin will be mostly used.

[bamboylee]

Mass adoption of bitcoin can force many financial institutions to make overhauling to their over all system.It can force money processors to lower their fee.Global monetary market will be severly effected by bitcoin

This is only possible if it is massively adopted globally. Bitcoin can force the hands of the banks to adopt to what bitcoin is doing in order not to be out power by it. But at this moment, it is yet to make an impact to financial institutions. The users of bitcoin is too small to be noticed by the banks.