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traderethereum
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October 08, 2021, 05:38:13 AM
 #41

I can imagine how our future will be and that can happen in the future.
Some already happen and the others still need to wait for the development for more.
But bitcoin is not replacing the banks because if bitcoin does that, all countries will have one currency, which is bitcoin, and I do not think that they will accept that.
The era already changes into a digital era, so whether they are ready or not, we will face it soon, which can happen anytime.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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October 08, 2021, 03:46:27 PM
 #42

There are things that should have disappeared and in fact at the beginning of this 21st century some collapsed, others overcame that collapse and remain, that collapse included technologies and business models that were future, and in their collapse at the time: "how we do not think that this could disappear or even get better".

The future can be very far at times but the future is only 1 second, so the future of anything can be predicted with enough accuracy the shorter the prediction time and there we are all experts; improve something that exists as a business model, for example Uber, AirBnB and Amazon itself, they are pushed to do so by their own environment, they have not solved anything they have improved it and thanks to whom! to a true future that, although it is present, the Internet is constantly expanding.

Robotics and bitcoin deviate a bit from your example, because they are transformative, they come to modify business models, daily life.

The robotics only wait because the technology continues to advance and the future of what we think may be a robot is reached.
But instead the bitcoin is there, it already has the technology, it has the platforms, we already know How are its limits and why it is here, but it is still difficult for many to understand, to think how it works, then the future here will be to change our way of thinking about how our assets are managed and the laws that govern it.
 
O_T: The best future is for every human being to have access to water, that if it should be promising so that we all have the ability to see it.

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October 09, 2021, 12:07:16 PM
 #43

~snip~
The era already changes into a digital era, so whether they are ready or not, we will face it soon, which can happen anytime.
For the near term I think this is still very difficult. The future still requires bitcoin paper money may be an alternative means of payment but that may take quite a while. Currently the world's population is not ready to accept. I think today's society is a transitional generation, the millennial generation may be a source of change after the generation before the millennium ends. Today we are being herded into digitization, so now it's all starting.
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October 09, 2021, 12:18:31 PM
 #44

I don't think that Bitcoin will replace banks or any kind of a similar system. But if you say Blockchain will do so, then I would agree with you. Because I think that Blockchain has a very bright future and it already started being used in some places. The traditional system of banks can seem old beside a new technology like Blockchain. But when it comes to Bitcoin, it will not replace anything I think and it will just stay as an alternative way for people.

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October 09, 2021, 01:36:18 PM
 #45

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 ?
That seems to happen but that was not an unfortunate thing to happen as technologies upgraded just to give the very comfortable life that we wanted. I don't disregard these changes, it might be difficult to adjust at first but we have to embrace these things as this will come.
But above all of these things mentioned by OP, "bitcoin replacing Banks" is very unlikely. I simply don't believe that because it was clear to us that it was not how Bitcoin was meant to be.

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October 09, 2021, 01:57:16 PM
 #46

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 ?
That seems to happen but that was not an unfortunate thing to happen as technologies upgraded just to give the very comfortable life that we wanted. I don't disregard these changes, it might be difficult to adjust at first but we have to embrace these things as this will come.
But above all of these things mentioned by OP, "bitcoin replacing Banks" is very unlikely. I simply don't believe that because it was clear to us that it was not how Bitcoin was meant to be.

it is very, very unlikely that bitcoin can replace banks, because banks are a place for collecting, and distributing fiat money. while bitcoin is digital money that can always be managed by the bank itself. So bitcoin can replace the bank it's a different element.

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October 09, 2021, 02:01:45 PM
 #47

Hardly think one would happen. It's gonna split into two imo, but majority would still use banks due to convenience. Honestly most of your samples were more convenient ones replacing less convenient ones, but considering how Bitcoin is compared to the current fiat system in terms of it, I'd have to say banks beat Bitcoin by a mile.

Banks were made to provide convenience, Bitcoin was made so that you can be your own bank. It's convenient yes, but that'd be a subjective view imo.

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October 09, 2021, 02:22:52 PM
 #48


•Bitcoin replacing Banks.


how can you say bitcoin can replace banks Huh?
bank and bitcoin are very contradictory in my opinion where the bank has a system and rules in every transaction
not the other way around
so one thing is impossible if bitcoin replaces bank

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October 09, 2021, 04:22:17 PM
 #49

Why do you think so?? . It is undeniable that we live in a technological world, technological progress is very fast. If entrepreneurs do not upgrade their technology , they will be outdated and as a result they will go out of business . The progress of the world will definitely be felt at all times and people must follow the flow if they do not want to be left behind. It's just how we respond to the times.

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October 09, 2021, 06:51:07 PM
 #50

talk about the future, then we don't know what will happen. at this time we can guess that the things that exist today will be replaced with something new. however, we do not know what will happen in the future.
however, based on the text made, if a developer does not develop his business for the better, then it can be replaced. however, we don't know how far this development will go. I think the government will not be silent about bitcoin replacing banks, especially its decentralized system. however, I agree with the idea that what if in the future, banks take advantage of bitcoin. it will not make bitcoin replace the bank. In addition, there will be projects that replace other projects if there is no development at all or the project is old, and cannot adapt to technological developments.

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October 09, 2021, 10:37:43 PM
 #51

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 ?
in the future I'm sure banks will adapt and accept bitcoin and another cryptocurrency...

btw, I don't agree with airbnb going to replace hotels because currently airbnb has collaborated with many hotels and makes it easier for customers to make reservations at all hotels around the world. I agree more with the sentence 'collaborate' not 'replacing'



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October 09, 2021, 11:21:30 PM
 #52

Nobody can predict the future accurately.

But in my opinion about these:
•Bitcoin replacing Banks.
It will be very difficult and seems impossible because banks are under the control of the government and also world banks. And they will not let it be.

•Robotics replacing Man-power.
It may also, and it may be not fully, but most of us, well, and I am wondering and imagining like the movie with robots  Cheesy

And about other probabilities, they may be possible, but of course, they will face difficult and hard problems, obstacles and challenges. Because sometimes they will be dominant, not replacing all. Because every country may have a different culture. And maybe there will be other types of new future again

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October 09, 2021, 11:35:44 PM
 #53

I understand some people's concerns though. Think of how much unemployment some of the changes you mentioned will bring. Robotics will replace employees who do hard labour. Amazon making people not to enter physical book stores anymore. But as for Bitcoin, that is a really valid change that will rather better things and even ease payment.



 

 

 

 

 

 


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October 09, 2021, 11:38:17 PM
 #54

Why not just go along with both futuristic business ideals and as well as the traditional businesses and currencies that we have. I think existing at the same time gives us a better option and idea on what we prefer and what's giving us the easier option for things that we need like those services that you've mentioned in the op.

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October 10, 2021, 03:10:31 AM
 #55

Visualize a government without banks. Dive deep and you will see it might cause chaos.
There are those who won't agree and others who don't have the knowledge about it. It's not that acceptance is being neglected but taking out the traditional way may become the hardest part for a change.
First and maybe the most important of all, as a government that will try to change the financial system, they will need to educate everyone.
That means textbooks for rural areas, paid advertisements for the urban, computers, smartphones for each family, inserting them in curriculums, and more.
Why replace banks? Adoption is all they need. Small steps are better than none.
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October 10, 2021, 06:33:53 AM
 #56

•Bitcoin replacing Banks.
I don't think that it will happen in the future, there is no way for cryptocurrency to replace banks, government is against cryptocurrency, they wouldn't accept any decentralized system, but if though cryptocurrency will never replace fiat, I still don't care because I can still explore crypto world even though it is not yet accepted in our country and besides there is no way for them to ban cryptocurrency.
Banks become a buffer for the economy in a country, if banks are eliminated, and cryptocurrencies are replaced which cannot be controlled by anyone, then I think the government will object to that. and even if it happens, I think it will still take a long time, maybe generations after us. For now, I think it's better if we enjoy making money from cryptocurrencies

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October 10, 2021, 06:52:47 AM
 #57

For bitcoin and banks this will be difficult to happen, because they can work together so that nothing is replaced, from the past the bank is one of the exchanges that is always used around the world and this network is already very popular among the public, but for others it could be replaced because of the ever-changing global developments, and many people will hunt using the easier, And we don't know how it will happen so what we have to think about right now is to adapt to the development of the technological times, and we have to be on the right track.

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October 10, 2021, 06:57:35 AM
 #58

I understand some people's concerns though. Think of how much unemployment some of the changes you mentioned will bring. Robotics will replace employees who do hard labour. Amazon making people not to enter physical book stores anymore. But as for Bitcoin, that is a really valid change that will rather better things and even ease payment.
Also bitcoin has eradicate some elements of poverty across the nation, since the introduction of cryptocurrency especially bitcoin in year 2009 some people method of investment and methods of life has absolutely changed, so the Divine bitcoin brought is high From my perspective, so i don't really know what others are lamenting about bitcoin out there wether positively or negatively but what i really know is btc make some people to be self employed since they notice the important or it's advantages.

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..BUY/ SELL CRYPTO..
Ngewex Yuk
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October 10, 2021, 10:22:23 AM
 #59

The use of bitcoin is increasingly massive, now more and more countries are legalizing bitcoin so this is a good sign that the future of bitcoin will be bright, I believe bitcoin will become a legal payment system in the future so that the value of bitcoin will continue to increase.

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nurilham
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October 10, 2021, 03:02:51 PM
 #60

as technology develops, there will be many increasingly sophisticated technologies to make it easier and help people. as it is said that currently the development of technology is growing rapidly and so is crypto. bitcoin is increasingly recognized by many people and makes bitcoin more valuable, many people say that bircoin will be the future of currency. it could all happen if it was supported by the people themselves. we know that replacing fiat money with bitcoin is not easy, People need to adapt to it so the path may be a bit difficult. I think that even though the development of technology is growing, it doesn't mean that the old technology will also be eliminated.

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Duelbits
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