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Author Topic: Blockchain - Killer or Savior?  (Read 202 times)
Fundalini
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August 13, 2018, 09:38:10 AM
 #41

In fact, blockchain has been a Savior especially in this time where people are really struggling financially. It has helped people gain financial freedom.
I don't know how you got to that conclusion. You do know that cryptocurrency is a zero-sum game, right? This means when people gain money, someone loses money. In other words, you profit, your financial freedom is exercised otherwise it is restricted. It seems to me that the "saving" aspect of blockchain is negated in this sense.

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Olalomi
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August 13, 2018, 10:47:58 AM
 #42

Blockchain is called a technology that will change us just as the Internet has changed it. blockchain ideologists claim that it is about to lead humanity to a ultra-modern world where there is no theft and deception. how will this happen? Will the blockchain become the Savior of our world economy or its killer? If the blockchain is tightly integrated into our lives, the unemployment rate will increase, and on a huge scale. And this can lead to a large percentage of poverty among the population. Will the world economy sustain such a large number of unemployed, or will society be further divided into social classes.
Although blockchain technology might lead to loss of Jobs in certain sectors like banking when fully utilized I believed there are going to be more Tech-sarvy Jobs related to this technology I had seen many jobs opportunities by exchanges eg binance etc who are demanding for blockchain programmers,
there are many areas that this technology when fully harnessed will improve the economy of the adopting country.

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August 13, 2018, 10:56:28 AM
 #43

blockhain is a savior in the economy because it prevents acts of corruption and manipulation
and of course blockchain becomes a killer for corruptors and manipulation
they can't do that anymore because each data stream must go through confirmation on the blockchain
Thay can play and manipulate the data that gets into the blockchain (before it gets there) the same as they can manipulate the data in databases. Actually blockchain guarantees very little, maybe only that the paricular data was not changed after it has been recorded in a blockchain, but it is far from guaranteeing that the particular data is accurate.

Do not read to much into a blockchain.

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August 13, 2018, 11:04:05 AM
 #44

Blockchain technology is a remedy to bad economies from the pespective of increasing their growth in the global market. Data is another significant resource that nations need to use and store efficiently in order to be benefited from them. This technology can reduce costs and lead to more earnings.

I agree that many jobs will be lost, but unemployment rate will not be increased, because more jobs will be created because of Blockchain tech.

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Tranglietduong
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August 13, 2018, 11:06:27 AM
 #45

Blockchain is a new technology. It is very comprehensive but has not been applied much because it is not perfect and stable. I think in the near future you can see the smartphone running the blockchain platform
Leonardo7
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August 13, 2018, 11:09:16 AM
 #46

No, when blockchain is fully integrated into our society, it won't to high poverty rate. Currently, we have too many frauds been perpetuated by these traditional institutions, of course, we will still have our industries but fraud will become difficult if not outrightly eliminated. More persons will get to take control of their destiny.
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August 13, 2018, 11:23:23 AM
 #47

You should know that Blockchain is creating jobs, helping people to earn their bread in a high-tech way, and Blochchain is always the savior.

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August 13, 2018, 11:33:34 AM
 #48

You should know that Blockchain is creating jobs, helping people to earn their bread in a high-tech way, and Blochchain is always the savior.
Yes, blockchain is an edge cutting technology and it already helps millions of people around the world and its clearly a saviour because people benefits on it from its product such crypto currency through investing and trading even though every transaction has its own fees.
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August 13, 2018, 11:39:31 AM
 #49

Blockchain and cryptocurrency are just vehicles like the internet. Now, it depends on the driver how they drive it. We can use it to destroy people on the road or alternatively can use it to transfer goods faster from one point to another that will help the economy.
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August 13, 2018, 11:40:32 AM
 #50

Blockchain technology is regarded as the bigest technology across the globe.

So yes, its a svaviour to so many busineses etc.
Leonardo7
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August 13, 2018, 11:41:13 AM
 #51

The blockchain is both a Killer and a Savior. If you don't understand it, you get burnt over and over time until you get the vibes. But when you understand its workability, you stay patient with it and get its reward at the appropriate time.
Crypto24hrs
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August 16, 2018, 09:30:29 AM
 #52


Their has never been a world where everyone is employed and employment is only for the employable, Blockchain is a savior and not a killer, the early people begins to prepare themselves ahead of time over the upcoming blochain technology the better for them.
Al Muhaimin
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August 16, 2018, 09:35:29 AM
 #53

past killer savior of the future hahahaha .... that's my bro opinion
BeeRoach
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August 16, 2018, 09:43:51 AM
 #54

I think that blockchain will be a saviour for us.  It has more pros than cons. As the old work places are being overtaken by robots and technology the new will also arise. Who wants to work will definately find the work.
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August 16, 2018, 09:44:06 AM
 #55

blockcain may also be a savior because of the new and sophisticated technology can create new jobs for humans from blockcain technology, from there they can earn enough for their lives ..
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