The Future

[ziyaaa]

I would agree with you except about Bitcoin replacing banks in the future. I don't expect such thing to happen in the near or far future. You shouldn't intermingle Bitcoin with Blockchain. Bitcoin can't technically replace banks as they are completely different things. If you said cryptocurrency exchanges or Blockchain, then I would understand you. Because Blockchain is the future technology and its potential is big enough to replace many traditional systems.

[1714872528]

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[vv181]

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

Note that we are truly still in the early stage, some people might already be heard about Bitcoin, but I'm sure they haven't yet comprehended the truest potency Bitcoin could offer. I might say they are not intimidated by the future, but they still figuring it out about cryptocurrencies spaces in general especially Bitcoin.

Nevertheless, I do also believe Bitcoin will not replace banks. People are accustomed to that it either one or another, but honestly, I don't think the world behaved that way, at the very least it is okay that Bitcoin and bank will both exists. It's not "or" but "and".

[BlackHatCoiner]

Bitcoin replacing Banks.

Bitcoin is a currency while banks a business. Using Bitcoin doesn't mean you've got rid the need for banks. If it someday becomes the global reserve currency, at that very moment you'll notice how will the banks adapt with it.

The only thing Bitcoin replaces is one job of the banks; the need for a financial institution to process the online transactions.

[adzino]

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 ?

1. Not going to happen. The best we can see is that banks accepting bitcoins and making it a part of their system (in a centralized way unfortunately).

2. Inevitable. But that doesn't mean that they will completely replace man-power. Someone will still have to look after those Robotic system.

3. Don't think so.

4. You mean online bookstores? Or physical stores? If it's the latter, then no they won't. Physical stores will still exist.

5. Hotels will never be replaced. Maybe we will see an integration between hotels and AirBnb. There are hotels that provide facilities that airbnb can't provide.

[GeorgeJohn]

•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.

Bitcoin has replaced banking system partially because many people who knows about bitcoin doesn't store their money in the bank. because it's obvious that banking system does not yield interest or values to those that kept money on the bank rather whenever money currency depreciates values, it also Affects the currency values in the bank, but when it used for cryptocurrency especially bitcoin the values will clamp up like triple times than bank values, so therefore i prefer investing in bitcoin than saving money in the money, so from this scenario if seventy percent [%70] out of hundred percent [%100] prefer bitcoin system of storing money, that means bitcoin has taken over banking system.

[Baskeyairdrop]

The future is here already whether anyone likes it or not. Whether they accept it or not, these changes will happen. Very soon paper money would be no more and all that would exist is electronic money. Bitcoin is the future of Cryptocurrency, it's better for the world to accept it sooner than later.

[yazher]

Some I can agree others I will reject. Because as the other said, banks will choose to adopt the revolution of the crypto industry instead of totally rejecting it. About using it as a means of payment for transportation, I think that would be possible since we already know about the Pyagyo in India accepting BTC as payment. Other means of transportation will follow when they see the growth of others.

[DapanasFruit]

Many of the things mentioned by OP are happening right now. as to Bitcoin replacing banks, that is slowly making true but not yet on the level that banks are getting worried. Instead, what is happening is that banks are adopting by also joining the bandwagon. So it is quite possible that instead of banks as the enemy to topple by Bitcoin they can be so friendly with each other as banks go where the money is just like sharks going where they can smell the blood and in this case the possible profits that can be made. I can see that soon we might have a bank called as The Bitcoin Bank.

[wajik-tempe]

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 ?

I think those 2-5 list is already replacing those in this era but bitcoin is still have long way to go because it's still controversial and not less people are againts it because they could have disadvantages if bitcoin becomings people's main wallet.
People still need to develop bitcoin with safer security and more transparent to make a country want to adopt it as a main currency, in my vision it will still need 20 years or more to make it world wide.

[michellee]

Some I can agree others I will reject. Because as the other said, banks will choose to adopt the revolution of the crypto industry instead of totally rejecting it. About using it as a means of payment for transportation, I think that would be possible since we already know about the Pyagyo in India accepting BTC as payment. Other means of transportation will follow when they see the growth of others.

If banks can adopt crypto to their system, maybe that can give them benefits and make their system secure. But it needs more research from them about how they can use crypto besides their system. Banks themselves need to evolve using a digital system because the era is changing, and they need to adapt to the growth. But suppose more companies can accepting crypto, especially accepting BTC as payment. In that case, that could evolve the transaction system to a new system and that will be a matter of time before that can happen.

[Rockstarguy]

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 ?

.

I do not agree with you on this ground Bitcoin replacing bank, even if Bitcoin is been accepted in every country in the future it's not like Bitcoin will replace the bank. What I am really sure about banks will work with cryptocurrency, exchange of Bitcoin will be done in the bank not Bitcoin replacing bank totally.

[BIN-BIN]

It’s uncertain that all which you have mentioned will replace the existing system e.g. robots replacing human as there can’t think and take action on the job. What is achievable is them working in collaboration with each other to bring about a better future.

[Reatim]

there is no comparison about banks and Bitcoin though both can be somekind of holding our funds but they are different in many ways.

like mentioned in post above me , Bitcoin is clearly a currency  but Bank is a Business in which cannot be at once compete.

It’s uncertain that all which you have mentioned will replace the existing system e.g. robots replacing human as there can’t think and take action on the job. What is achievable is them working in collaboration with each other to bring about a better future.

though there is one who comes to be happening and that is Amazon replacing Bookstore because nowadays bookstores are slowly dying and we might not seen one in the near future.

[lixer]

•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 ?

There is nothing bad about having new things and different ways to try things that we are doing. So, we can have new ideas and new things coming out, but what I wouldn’t really know if I’m going to like is a replacement of the ones that are already there in the past. Most of the times new things are there, to suit the needs of some people, because everyone is different from each other.

So, if you see what is good for you or what you’re OK with, you should just go for that and not insist that what has been or other options that are available are going to be taken down or replaced just because of you are satisfied with another, there are others who are not satisfied with what you are satisfied with, they have their own preference and we should respect that.

[zanezane]

These stuffs that you're mentioning has already happened except for the bitcoin part, we still got a long way to go. We need to solve the energy consumption by the network because whether we like it or not, the network is consuming a lot of power. The robots one though, it's sort of in the middle or at the least encroaching as we haven't perfected automation and people aren't ready for this because people need jobs to make money and put food on the table.

[suzanne5223]

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

It not something we need to think of before we can understand that some people or organization will be intimidated when an innovative idea or technology is introduce, the same thing happens when planes were invented.

These stuffs that you're mentioning has already happened except for the bitcoin part, we still got a long way to go.

Why do you think Bitcoin is excluded when some financial institution and government are still intimidated by what Bitcoin may become in the future?

We need to solve the energy consumption by the network because whether we like it or not, the network is consuming a lot of power.

However, the energy used to print fiat annually is more than the energy used to mine Bitcoin annually.

[Blawpaw]

I guess you are not seeing things that straight...

•Bitcoin replacing Banks.

-Nah. Won't happen. Banks will step in and create their own use cases (if they haven't already)

•Robotics replacing manpower.

-Probably one day, but not sometime soon. We will be seeing a progressive change on several jobs that were primarily done by humans, but humans will still be on top of the decision chain

•Uber replacing Taxi's.

-Not right. They can coexist. They can both do the other's job.

•Amazon replacing Bookstores.

-Wrong again. Amazon may have seen its golden days but they are still here to give a fight. There will be always someone buying from Amazon.

•AirBnB replacing Hotels.

-Not going to happen. While Airbnb may be offering the same service as Hotels in the near future, each business can diversify the target users to get and can both coexist. Airbnb may be stepping into the long term rental market sooner than going into hotel business.

I think the hassle is always about change. There will be always the ones who fiercely fight for it while others will be the reaction.

[CaVO32]

Some I can agree others I will reject. Because as the other said, banks will choose to adopt the revolution of the crypto industry instead of totally rejecting it. About using it as a means of payment for transportation, I think that would be possible since we already know about the Pyagyo in India accepting BTC as payment. Other means of transportation will follow when they see the growth of others.

The first line of the OP is also that something I don't think will happen in our lifetime. But all the others have the possibility. But bitcoin replacing banks? Very far from happening at the moment. It may co-exist with the banks but ultimately replacing it, I am not seeing that to happen in our lifetime. The first thing the reason why it won't be, is because it is decentralized, and the government wants a centralized system so they have the grip of what's happening to their financial system.

[jamesnine]

•Bitcoin replacing Banks.

I highly doubt this will happen in our lifetime, but who really knows.  However, governments always like to maintain a level of control--thus I don't see banks moving away anytime soon.

[Gyfts]

To expand on robotics, AI will make the largest displacement the economy has ever seen, which is why it's important for anyone in the lower class to get involved in Bitcoin now. At least having some assets will be valuable in the future once the elites use AI and weaponize it against the lower class.