BitcoinPanther
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December 01, 2016, 06:10:15 PM |
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For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
I think the most impact would be in the financial system especially in banking system. As of now we can see banks planning to mimic bitcoin technology which is the blockchain for their system. They have seen the success of this technology an its effect to people. They would try to get back the trust of people thru mimicking what Bitcoin function is. This might be an interesting article https://internationalbanker.com/banking/impact-bitcoin-central-banks/
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deisik
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December 01, 2016, 06:24:18 PM Last edit: December 01, 2016, 08:19:54 PM by deisik |
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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... Yeah it will takes many generations for people to begin using and accepting bitcoin because fiat money still plays a key role in most people's lives and it's still the factor which influences a country's growth. So it's quite difficult for bitcoin to take over the place of fiat currency in just a few years like right now, I hope this would change sooner or later. I don't think banks will allow bitcoin to replace them so easily. But in order for that to happen a large, large number of people must adopt bitcoin and then in a few generations, banks would be somewhat obsolete. If it ever comes to that (which could be loosely dubbed as Bitcoin replacing banks), banks will start using Bitcoin themselves. If ordinary people can earn profits through Bitcoin, why banks can't do the same? I guess they could earn even more since they certainly have experience and tools required for running Bitcoin in a big way. But that doesn't mean that they will care for it, they will throw it away as soon as it is no longer profitable for them... And they may greatly contribute to that themselves Of course banks will, some already have discovered bitcoin as an opportunity to make profit. Ther is already a fond in Switzerland that is based on bitcoin. But bitcoin simply has not the capabiltys to replace banks. Banks are more than just a flow of money. They offer services, consultings and many other things. Bitcoin can't do that I have to disagree with that Banks may offer many services, consulting and whatnot, but they still earn primarily through lending money at usury interest rates. Bitcoin is money, so I don't see any problem with banks lending out bitcoins. Besides that, banks could just as easily issue payment cards, something that they have been doing for ages (figuratively speaking), now with Bitcoin behind such cards. Essentially, they will be earning through Bitcoin just like they earn through fiat, and probably they will find a lot of other ways to earn, which are not even possible with fiat
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mastica
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December 01, 2016, 06:30:25 PM |
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Bitcoin can do anything, but will be harder for a bitcoiner to get a contract, since the most people under bitcoin like their privacy, but if we get exposed and we able to make contracts, we can work with colateral, the same way banks does in the general. Bitcoin has turned for me the only payment processor, fast with small fees, allowing and giving plenty control over my money.
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vindicare
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December 01, 2016, 07:19:29 PM |
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the anonymous sending of currency while you're sitting on your couch/chair what a relief not going to the bank or using any online banking . With many choices to make your money safe, that's the most I know bitcoin impacts are current technology.
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_Miracle
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December 01, 2016, 08:16:06 PM |
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For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
Bitcoin = decentralization.
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There 'used' to be more truth in forums than anywhere else. Twitter: @cryptobitchicks Spock: "I am expressing multiple attitudes simultaneously. To which are you referring?" INTJ-A
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Selly Arumsari
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December 02, 2016, 04:17:57 AM |
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For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
so far for me just positive impacts example so fast get a profit to all age
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rababo
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December 02, 2016, 05:54:28 PM |
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Bitcoin makes transactions so easy. Bitcoin is secure, fast transactions, and it has low fees. We can do transactions anytime and anywhere. And it's decentralized concept makes us have fully control over our bitcoin.
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BingoDog
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December 02, 2016, 06:39:25 PM |
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For me the most important impact is the fact that Bitcoin is treated like the real money and you can buy things or pay bills fast and easy. Anonimity or now partial anonimity is another very good thing. The huge impact is also that Bitcoin made banks to have fear of it.
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malaj
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mk4
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December 02, 2016, 06:48:28 PM |
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it impacts me in a way that it provides a very easy way of payments online. not like paypal (which has cashbacks)
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kryptqnick
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December 02, 2016, 06:53:06 PM |
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Bitcoin has not only united people allover the world by not being connected with any country but has also shown that people our days tend to believe pure science and not the real nature. The crisis of european science about which Husserl was writing is partly over if people now believe in numbers without a physical thing representing them. Another thing is that it has shown that money can be used anonymously and be out of governmental control.
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Shenzou
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December 02, 2016, 07:12:14 PM |
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The fact that i am writing you this reply from another country from another part of the world shows how much bitcoin has brought us close together, the fact that we might be different race different ideas we come to unite on one thing which is the bitcoin, the fact that we all speak different languages we all speak the language of bitcoin, that's how bitcoin changed our lives, that's how much bitcoin has brought us close ,and i think these is the idea that Satoshi Nakamoto is trying to give to the world a thing that makes us all talk the same language, and i am so proud to be a part of that idea
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crwth
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December 02, 2016, 07:22:42 PM |
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Bitcoin did a great impact on me simply because of its possibilities. Every transaction made easier through bitcoin. Earning money has been made easier using bitcoin. This wonderful forum was created because of bitcoin. That's what the greatest impact for me since this is where I discovered it and learned what it is, when did it start, how it's being used (legal or illegal). Everything.
I wish I had known bitcoin when it was just coming out.
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machinek20
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December 02, 2016, 11:54:12 PM |
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The greatest impact from bitcoin for me is the freedom, now i own a currency which wont be intrude by government or anyone else and i can do transaction without need to reveal my identity, bitcoin has made a worlwide transaction become easier
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Doamader
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December 03, 2016, 12:21:28 AM |
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Low fees transactions, a decentralized currencie showing that people dont know how to manage the currencie, but the most important thing that bitcoin bringed to me were the freedom, and plenty control off our money, something that were with banks.
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Natalim
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December 03, 2016, 03:26:22 AM |
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Low fees transactions, a decentralized currencie showing that people dont know how to manage the currencie, but the most important thing that bitcoin bringed to me were the freedom, and plenty control off our money, something that were with banks.
I guess the low fees are really attractive, it's the lowest for international transfers and I would say as well it's the fastest since it's decentralized and no authorities will check our transaction before approving it. It will make a big impact in the world since there's a great possibility people can make big savings by using bitcoin in their transaction.
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Boss CJ
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December 03, 2016, 04:12:05 AM |
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For me it's big impacts is the fact that you can easily transfer your money anywhere and anytime, and it's low transaction cost. Also the greatness of trading, hassle free and paper less and that you can pull out and add your investment anytime. The most important is you are working at your own time.
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stomachgrowls
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December 03, 2016, 04:19:29 AM |
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Low fees transactions, a decentralized currencie showing that people dont know how to manage the currencie, but the most important thing that bitcoin bringed to me were the freedom, and plenty control off our money, something that were with banks.
I guess the low fees are really attractive, it's the lowest for international transfers and I would say as well it's the fastest since it's decentralized and no authorities will check our transaction before approving it. It will make a big impact in the world since there's a great possibility people can make big savings by using bitcoin in their transaction. Agree with this transction fees regarding on money transfer is really an advantage for those people who uses it. Fees are lower compare to those money transfer and remittances which is really a good thing but as we notice on past days transaction are now on bulk and fees are tending to rise up and transfer times are already long.
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onyek16M
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December 03, 2016, 04:57:12 AM |
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For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
more easy payment by bitcoin , we can use it without bring real money
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ipanks
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December 03, 2016, 05:27:19 AM |
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the big impact from bitcoin to people is people now realize that bitcoin can be act like another source to make money and its really help many people to have another investment in online business. beside that, the function from bitcoin itself is the anonymously from the sender to recipient and the sender can make the transaction without worried about showing the identity.
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Silberman
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December 03, 2016, 05:34:19 AM |
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In my opinion the biggest impact so far bitcoin has is showing to the world the possibility of having a functioning currency without the backing of any country, that shows we don't need a government controlling the money supply at all.
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