Future without Middle men big way, but big Question?

[1Referee]

It is an evil that is necessary. Just as many country men have lost their jobs, so many bankers will also lose their jobs someday.

Exchanges are the new financial institutions, but people don't yet consider them to be that. They aren't very far away from offering the same services as legacy financial institutions, but with a different flavor, one that will appeal to more people potentially.

All the people in crypto saying that banks are bad and should disappear, need to look in the mirror and ask themselves why they still allow exchanges to hold their coins. It's pretty much the same principle; you trust a third party to hold your money for you. In this case it's even worse because I trust my bank more than the most regulated crypto exchange.

I do not fear for the money in my bank account, but I constantly fear for the money at my exchange, no matter how insignificant the amount actually is.

[1715334849]

1715334849

[crossabdd]

there are two choices. if you choose with the middle man, you will be left behind with an increasingly advanced world. because more and more days, speed in action is needed. middle people in banking are need time in the transaction process. while in the blockchain world, you are only a few seconds and it has already been verified. then, what about the middle man? I think they will also get other jobs.

[suzanne5223]

I see the World is Going to the Way that no Middle men anymore!

Like decentralized banking the New era  of living.

Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....



But the question is :

What about Middle - men? 
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 

Crypto currency and others block chain project are not created to eradicate traditional banks but as an alternatives, this is the reason why IMF Boss advised the government to think of creating other own national currency so the occasion where they will obsolete won't happen. However, we can't consider about the present much if we want to advance to the future.

Do you think  life without middle men Will be better? 

Life without middle will be better because the middle have took a lot of people for granted by stealing from people's account through unnecessary charges.

[Ucy]

I guess lack of middle men is one of the reasons transactions are cheaper in Crypto world.
What use are the middle men in your transportation of your customers phone from point A to B when you can use a small drone quickly, efficiently ,cheaply and easily? The quicker mode of transportation or the use of cheaper transactions will benefit the economy aswell. The middle men will also benefit from quicker, cheaper and efficient ways of making things. The long-term benefits of all these is what am not sure of.

[darkangel11]

What about Middle - men? 
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 

Are you worried about bankers? This line of work was their own choice.

What about all the other jobs that have disappeared over time? There's less and less blacksmiths, but should we be worried. Telegraph workers have also disappeared when telephone was invented.

The good thing about bankers is that they are fit for most jobs within the sector. They can do statistics, work as accountants, look for jobs in the IRS, and if all fails, start their own companies, maybe move to crypto and offer loans here.

Would they cry for you if you lost your job? I don't think so.

[Betwrong]

I see the World is Going to the Way that no Middle men anymore!

Like decentralized banking the New era  of living.

Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....



But the question is :

What about Middle - men? 
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 


Do you think  life without middle men Will be better? 

No, I don't think that life without middle men would be better because it's hard to produce things and to sell them at the same time. Some firms are successfully doing just that, but most of them need middle men, that's how things have been going for millennia. But do we need banks, that's a question. I think many bad things in economy happen exactly because of banks nowadays, so maybe those institutions should be replaced by something else. Without banks, it would be a completely different economic system than what we have now, and, surely, the transition wouldn't be easy, but we are so fed up with banks that maybe this idea worth consideration.

[mr.robot8]

i generally agree with the disappearance of intermediaries in transactions between private individuals with crypto, but perhaps for a little more security, the transformation of middle man into escrow for service payments.

[pixie85]

The banks will still be there! Don't get fooled by the fear mongers.

Sure, Bitcoin is the future but you also have countries and their fiat money held by national banks. They won't give it up and become decentralized because every government is centralized in its nature. Even if some small private banks go out of business and we have a financial revolution the national banks will become the middle men allowing people to exchange between fiat and crypto.

[hahay]

All will have many options because intermediaries in any case such as being a rule in every country and any community will at least choose the fast, best and safe way. Banks will still accept middle class people and even the less fortunate, so bankers will always work and people with different economic factors have at least their own choice.

[Febo]

If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 

Professions change all the time. Thy appear and gets abandoned. In future that will only escalate. Weren't you told this in primary school when they help you choose your profession?  Did they told you that all will last forever?

[hello_good_sir]

There's always going to be a use for middleman, and it's not just going to end up with people doing everything for themselves. Middlemen are usually used to save time, or when something you want just can't be done (eg, you want to talk to investment bankers).

We aren't going to be able to see automation of every service, although a lot of the industries you are talking about are going to die (eg, taxis).

Also, you forgot a very important middle-man. Payment processors! I don't think they will ever end up outdated, they are too crucial and some businesses don't have the time to make their own payments.

[Aaroenz0r]

I see the World is Going to the Way that no Middle men anymore!

Like decentralized banking the New era  of living.

Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....



But the question is :

What about Middle - men? 
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 


Do you think  life without middle men Will be better? 

No, I don't think that is a good idea. For example, now, ICO projects are without middle-men and currently there are many fraudulent cases. Besides, investors in cryptocurrencies are now begging to have a middle - men but no one dares to assume this lofty obligation. I think, for a society to develop well, there should be many middle - men for businesses, it will create trust and legit for many other investors. then the money will flow more and better.

[dragon695]

I see the World is Going to the Way that no Middle men anymore!

Like decentralized banking the New era  of living.

Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....



But the question is :

What about Middle - men? 
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 


Do you think  life without middle men Will be better? 

In fact, having middle men is really important in this risky and risky financial market. I support intermediaries now, which both address the potential risks and create jobs for many around the world. and the existence of banks is a necessity in every country so I do not want a world too technology and modern to forget the old values. Hopefully you all will see the value of the bank and the middle men and no longer have aversion to it.

[nydiacaskey01]

If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 

Banks will never go away as they are not only for safe keeping of money, they have other services offered like insurance, investments they can also take care of a company payroll. Definitely they will not be unemployed.

Do you think  life without middle men Will be better? 

There will always be a middle men, sometimes without us knowing, we are suddenly becoming a middle men whenever we see an opportunity. Big businesses also likes to have middle men as they dont expect everyone to come in and ask for their services. They even have special prices for middle men.

[hello_good_sir]

No, I don't think that is a good idea. For example, now, ICO projects are without middle-men and currently there are many fraudulent cases. Besides, investors in cryptocurrencies are now begging to have a middle - men but no one dares to assume this lofty obligation. I think, for a society to develop well, there should be many middle - men for businesses, it will create trust and legit for many other investors. then the money will flow more and better.

Not the best comparison in my opinion, you're comparing basically high-risk crowdfunding businesses to another valid industry of middle man. And there have been IEOs that have not gone anywhere and a lot of the successful ones all have fake volumes.

I reckon we could get along our lives a lot cheaper and a lot easier without a middleman in some services, although what looks to be happening is that this middleman, is quickly becoming technology and automation, and not actual men.

[GideonGono]

If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 

Banks will never go away as they are not only for safe keeping of money, they have other services offered like insurance, investments they can also take care of a company payroll. Definitely they will not be unemployed.

In a world where money runs deep, banks had established deep roots that can't be uprooted easily and there is no need to eliminate this but rather having us more options on what monetary system would suit as by the establishment of cryptocurrencies along with the question of which is more convenient to use giving the transactions' circumstances.

Do you think  life without middle men Will be better? 

There will always be a middle men, sometimes without us knowing, we are suddenly becoming a middle men whenever we see an opportunity. Big businesses also likes to have middle men as they dont expect everyone to come in and ask for their services. They even have special prices for middle men.

Although we are saying that through Bitcoin, middlemen are eliminated but the thing is it is hard to trust someone you don't know that's why we hire escrows to serve as a middleman and I am not saying that it is a bad thing but rather it is just the way it is. The good side in cryptocurrency is that you have more freedom to do what you wish to accomplish.

[barbara44]

There is no need to worry much on middlemen or any intermediaries as technological revolution may boost some business and may eradicate some other business. This is how the entire world is working so far. Those people will switch over to new business/employment or go innovating to add new features to their existing system so that may keep their customer-base intact. But, here the most versatile thing will survive as people will choose the convenient one rather than sticking with existing with current system.

Bitcoin is here to provide a trustless payment system. It means you do not need to depend on your government for storing your hard work in terms of money as money will lose its value over the time due to inflation reasons. Bitcoin will ensure that you are not trusting anyone but yourself when you choose to invest your money into bitcoins. This does not mean banks will find its hard time to survive as most people may not trust themselves to adopt bitcoins as bitcoin is known for wildly fluctuating. Until, bitcoin finds stable prices, banks may exist hence middlemen will find some jobs to survive .

[enhu]

3rd party can still be used as middle man probably like an App somehow its been used by merchants to escrow funds. It had to be there since we all know that when BTC is sent you can not file a dispute here unlike paypal where merchants can be scammed. But still escrows can still be taken out if both parties trusts each other.

[MyIdeas]

I see the World is Going to the Way that no Middle men anymore!

Like decentralized banking the New era  of living.

Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....



But the question is :

What about Middle - men?  
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?  


Do you think  life without middle men Will be better?  

These middle men are the same people like us they have the same minds as we and these are the people from among us so they will also join our community and they will not remain jobless. If they will lose one opportunity then they will get many other opportunities which will be far more better than the previous one.
So don't worry for the decentralized era it will make us more stronger and independent in the financial world.

[khanhht1809]

I think Many new age banks promise to provide more control to consumers. These are false promises because in most cases, banks still manage assets and customers have to trust the bank to take good care of them. They are faster and more convenient, but basically not different from the old bank. Real disruption comes only with complete loss of personal control over the property. Many developers are creating innovative financial products towards open source protocols for asset exchange through decentralized platforms. The new platforms have two major financial advantages as they exist today.
Unsurprisingly, areas like finance and cryptocurrencies, where participants must have a good level of knowledge, are not open to all large regions of the world. However, as the main role of current finance will change and blockchain-based finance will likely play a bigger role in the future of global economies. Diversity helps make decisions and we can avoid a lot of tax controversy if the current financial system is fairer and more open in the first place.