The Future

[D-law]

Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;

•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

[NeuroticFish]

•Bitcoin replacing Banks.

I am not convinced that this will happen. Banks can adapt to use bitcoin in their services and stay alive.
For example I don't know who else can do lending without digital collateral.

•Uber replacing Taxi's.

I believe that Uber will also be replaced by something even more efficient. But it'll take time.

•Amazon replacing Bookstores.

Amazon and online book stores are being replaced by online book lending services.
Storing too many books at home can easily become an expensive hassle. And many still prefer to read from paper than from Kindle or phone.

Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

As you can see, even yourself may not see far enough in the future. It's not necessarily about refusing to see that or being intimidated; people may just miss some bits of info here and there and it's not necessarily productive to think on that, the future evolves continuously and event the models we see as good now may become obsolete and superseded at some point.

[20kevin20]

I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

No. I just think they don't have a wide-enough spectrum to see what's coming. I notice people nowadays barely even want to read more about the things they hear and rather wait to evolve together with the technology. I think that to see these as being "the future" requires you to be at least a little bit visionary and to be interested in what comes next rather than what we have at the present moment.

[Yaunfitda]

I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

No. I just think they don't have a wide-enough spectrum to see what's coming. I notice people nowadays barely even want to read more about the things they hear and rather wait to evolve together with the technology. I think that to see these as being "the future" requires you to be at least a little bit visionary and to be interested in what comes next rather than what we have at the present moment.

Or maybe didn't look at the past, to see what might be for us in the future. Right now, only the billionaires can afford traveling in space, but who knows, maybe in the next 50 years it will be available to everyone.

As far as bitcoin replacing banks though, not sure if this can happen or if the banking institutions would allow bitcoin or any other crypto to take over.

[Konfusioon]

I do accept the basic premise of what you are saying that sharing economy will likely become more widespread, robotics will steadily take over and that old-style banking is becoming absolete. However I am very sceptical that any of the points you made happen in the way you said. World is a lot more complicated than just trying to take the current trend and extrapolate it. If you read sci-fi books from the 1960-s or so then you see them trying to predict early 2000-s by the same metric and more often than not they werent able to accurately predict most of it. This is because the world is a lot more nuanced and ever evolving than you predict

[Upgrade00]

Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;

It doesn't look like a matter of failing to accept the future, but rather they have not defined what would happen in the future.
Bitcoin, Uber, Amazon, robotics and Airbnb have all been accepted by people to varying degree, however deciding which technology would replace another is an idea and not certain.

Some would argue that the

[YOSHIE]

•Bitcoin replacing Banks.

This is very unlikely to happen, even though this world goes back to the time of ancient humans.

Bitcoin and Bank are far different, what you think will not happen, how do you combine: Bitcoin and Bank.

World bank is to provide financial funds or aid funds to various countries whose economies are not healthy, so that they can influence the economic conditions of the surrounding areas.

Bitcoin is a new currency or electronic money that was created in 2009 by someone using the pseudonym Satoshi Nakamoto.

Bitcoin is mainly used in transactions on the internet without using intermediaries or not using bank services.

These two factors are clearly contradictory, nothing will happen what you think it is, get rid of the dream, no.

•Robotics replacing Man-power.

This one is possible, it has similarities in terms of its working system, especially: technology, design, structural, construction, application, evaluation, electronics etc, yes maybe.

•Uber replacing Taxi's.

Well, this is getting more and more confusing. Uber's meaning is broad, what does that have to do with Taxi's, this has nothing to do with that, no.

•Amazon replacing Bookstores.

This is even worse, the perception is far between Amazon and bookstores, Amazon is an internet company, while what bookstores/libraries, wow, this is a mess if you think like that in the future, no.

•AirBnB replacing Hotels.

yes, this might happen in the future still has something to do with lodging and the like, yes maybe.


Conclusion: Stop saying anything in the future of Bitcoin with Banks, it won't happen, remember that, other elements may be possible, it's up to you, as long as you don't associate Bitcoin and Banks.

[DeathAngel]

Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;

•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

Bitcoin is the future of money & there’s nothing banks or governments can do about it. They either adapt & accept bitcoin or get left behind & become obsolete.

[mk4]

Besides probably Uber, t's highly likely not to be a winner-take-all, but a winner-take-most.

1. Banks will have it's own use case for a long time.
2. Not every single human labor can be replaced by robotics.
3. Amazon is dominating, but not as much as some people think.
4. Hotels will still exist, but it will mostly be a luxury.

As for whoever you're referring to with "they", regardless if they like it or not, newer technology will take over.

[tranthidung]

•Bitcoin replacing Banks.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

Bitcoin won't replace or take over or kill banks. It won't happen. Bitcoin, fiats and CBDCs will co-exist in the future. They will have different proportion in our society and have different target populations.

Think of paper book, e-books for example. They co-exist after many years since the innovation of e-books. Each type has own use cases and pros as well as cons.

[Rufsilf]

Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;

•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

They didn't refuse to envision the future of economy, they just didn't see what future upholds. Eventually, the young will replace the adults with some ideas that match their generation.

*Bitcoin and banks have different roles in our society and I think bitcoin can never replace banks.
*Possible but not all manpower or labor can be done with robots especially works that requires pure talent only.
*People chooses Uber more because they have the drivers info and they are more secured. Unlike taxis that have random drivers.
*Amazon offers more services than bookstore has, but online books replace both and internet offers free book reading.
*AirBnB and hotels are different, AirBnB offers to rent the whole house while hotels offer to rent rooms only.

[Artemis3]

Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;

•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

You got it wrong, because those robots have replaced Uber. Tesla/Elon planning people to buy/loan cars and put them to work as driverless taxis to pay themselves when you are not using it.

With so many cars doing that, the incentive of owning a car plummets, which is ironic, but that is what will happen.

And of course the same happens to anything else, automation is reaching all corners of life, including aviation and ships.

Do you know the things a smartphone has replaced? The list is way too long. So stop using a smartphone and try to continue life without one, you are suddenly frozen, like Facebook connecting their security doors to the internet, as if that could ever fail (it did, yesterday)...

The less thing i think about Amazon is books, which is terribly ironic. Amazon is the American Alipay, some digital market place to buy whatever. I can imagine you copied that old list for somewhere, but its already obsolete.

Bitcoin is global money, it does far more than mere "replacing banks", it is replacing the State's "role" of issuing and controlling money.

[fiulpro]

Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;

•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?

Banks :
The usage of banks for Lending and saving fiat would always be useful. At the end of the day cryptocurrencies like Bitcoins are more important for investments and maybe exchange ( buying/selling).
You would always need fiat, no doubt, we cannot get rid of poverty and we cannot teach everyone ( like old people and very young kids) about buying/selling, sending/ receiving. Therefore it would be very essential to actually use cryptocurrencies with fiat ( with banks ).

Robotics replacing man power is something that's still going on, they are using robots for the surgery, robots are being used to clean areas not accessible to man, they are travelling in space etc. That's gonna happen for sure.

Amazon replacing bookstores ?
Not so sure, there is something about book stores that people do find very comforting, therefore they might be vintage in the near future but then again who doesn't love vintage ?

Airbnb is not gonna replace hotels, it's gonna work with them and integrate the hotels on their sites so they can get a share of money they gonna earn .

Uber replacing taxis is true, but at some places it's cheaper to call a taxi rather than order it from the app so till they are able to compete with the prices, it would not happen..

[dupee419]

Now some of what you stated may seem true, it is true that technology continues to replace things that may seem to be convenient to us, CONVENIENCE is the reason why some objects are being replaced, why would you buy a vacuum when you can actually buy a smart vacuum? what's the difference? you just turn it on and it goes around your floor and cleans everything for you, convenience is the main factor to everything, but Bitcoin replacing banks? and by saying that you mean replacing fiat? I think that's not considered convenient anymore, we all know that Bitcoin is designed not to be as the main asset but as a tool, so I really don't think that everything will be replaced in the future, some things are just better left untouched.

[20kevin20]

As far as bitcoin replacing banks though, not sure if this can happen or if the banking institutions would allow bitcoin or any other crypto to take over.

Oh man, that's as likely as Putin willingly leaving his chair would be right now. Powerful institutions will never give away their power willingly. That is only if Bitcoin ever somehow miraculously takes everything over, which is quite improbable.

[dothebeats]

Give it a decade or two and the general perception towards change and advancements on technology will change. There are still a lot of boomers and people who lived during the olden times wherein these tech that we have isn’t even available or quite unheard of. Not that we are engrossed too much in the present, it’s just that change is just hard to accept especially if it’s happening almost quite instantly. I know sooner or later, the society will learn to accept these things and move on, as change is inevitable and they will see the benefits later on of what these changes are about.

[KingsDen]

Most times the future is predictable, but when it comes to technology, man is always inaccurate in predicting technological advancement.
For instance; in the transportation industry, we all predicted that by now we will have flying cars, but am not sure it's fast coming.
Don't be surprised that an altcoin can dethrone the king in the future. Technology always take us by surprise.
As for Bitcoin replacing fiat(not banks); when we talk Bitcoin we talk fiat, when we talk banks we talk exchanges.
Some technologies augment another and not replace it.
In as much as we cannot predict that dollar will replace pounds, we should also not predict that Bitcoin will replace fiat. They can co-exist as long as they exist.

[fileo]

Human are so wise and love to discover new things that are beneficial to humanity. Therefore, we can assume more development and renovation that will come from digital world. Traditional ways of transaction may be change totally in the future once everybody will be engage into digital aspect like investment in cryptocurrencies, payment through cryptocurrencies and so on.

[proTECH77]

•Bitcoin replacing Banks.

I don't think it will happen for bitcoin to replace bank because bitcoin is a digital currency that is not control by the government or share any ownership with any countries in the world. There are still some countries who don't legalized bitcoin which they don't have any ideas about bitcoin despite the evidence other countries that made it legalized are displaying all over the world.

[hatshepsut93]

•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.

You can't make an argument that Bitcoin will replace banks simply because history has examples of newer paradigms replacing older ones. You need to show how exactly this will happen and also why it will happen. And you also need to consider what banks and governments can do to stop it.