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Author Topic: How Bitcoin Will Supersede The Eintire Financial System ?  (Read 1012 times)
Yakamoto
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February 15, 2017, 12:13:57 AM
 #21

Only one man knows it, how Bitcoin will supersede the entire financial system with Blockchain technology ? and he is the real inventor of Bitcoin and Blockchain Technology Mr. Satoshi Nakamoto; A macro economist, digital scientist and social engineer.

Any body can answer to this question and get enlisted to get a bounty of BTC100 BTC.
Blockchain technology, if applied to every single transaction, will never make Bitcoin into an economic powerhouse that will change the entire Fintech sector or anything of the sort.

I'm tossing an idea around when it comes to how to fix the situations we have right now, and I have a concept for how to make Bitcoin usable on the small scale without having to factor in large blockchain-based confirmation times, but I'll see how well it works.














 

 

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1511584289
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February 15, 2017, 05:49:43 AM
 #22

Only one man knows it, how Bitcoin will supersede the entire financial system with Blockchain technology ? and he is the real inventor of Bitcoin and Blockchain Technology Mr. Satoshi Nakamoto; A macro economist, digital scientist and social engineer.

Any body can answer to this question and get enlisted to get a bounty of BTC100 BTC.

Real answer, bitcoin won't do this and anyone that tries to tell you on this site is going to be biased when it comes to what they're saying. People don't understand that going from normal paper fiat currency to bitcoin would be insane, that would be a change and a half for people.

People wouldn't support such a drastic change, plus the money you're trying to give out as a bounty is a good laugh for me.



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Rainbot
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February 19, 2017, 08:36:17 AM
 #23

If you compare the invention of the bitcoin protocol with invention of other protocols before like smtp or voIP then you might derive that the entire financial system will not vanish or go away. Phys mail (FedEx) and telecoms just have lost some parts of their business (cards,letters or long distance calls) but keep on going quite well, if they went with time and adopted parts of technology.

For banks it is hard since most of their business is non-phyiscal, except of e.g. physical gold and safes, but they will stay if they go with the new tech.

Carpe diem  -  cut the down side  -  be anti-fragile
A feature that needs more than one convincing argument is no and Satoshi owes me no proof.
My coding style is legendary but limited to 1MB, sorry but cannot come much over my C64, Bill Gates and Tom Bombadil
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