Topic: Bitcoin impacts? - page 5. (Read 7372 times)
Bitcoin can do anything, but will be harder for a bitcoiner to get a contract, since the most people under bitcoin like their privacy, but if we get exposed and we able to make contracts, we can work with colateral, the same way banks does in the general. Bitcoin has turned for me the only payment processor, fast with small fees, allowing and giving plenty control over my money.
Soon the banks will be of no use if bitcoin becomes popular and worldwide usable..
If Bitcoin starts being accepted in a large number of places, and if most people adapt to it, this can happen. But I would not say it will happen soon. The adoption of a technology like this, by the majority of the population, can take many years, maybe decades...I don't think banks will allow bitcoin to replace them so easily. But in order for that to happen a large, large number of people must adopt bitcoin and then in a few generations, banks would be somewhat obsolete.
If it ever comes to that (which could be loosely dubbed as Bitcoin replacing banks), banks will start using Bitcoin themselves. If ordinary people can earn profits through Bitcoin, why banks can't do the same? I guess they could earn even more since they certainly have experience and tools required for running Bitcoin in a big way. But that doesn't mean that they will care for it, they will throw it away as soon as it is no longer profitable for them...
And they may greatly contribute to that themselves
Of course banks will, some already have discovered bitcoin as an opportunity to make profit.
Ther is already a fond in Switzerland that is based on bitcoin. But bitcoin simply has not the capabiltys to replace banks.
Banks are more than just a flow of money. They offer services, consultings and many other things. Bitcoin can't do that
I have to disagree with that
Banks may offer many services, consulting and whatnot, but they still earn primarily through lending money at usury interest rates. Bitcoin is money, so I don't see any problem with banks lending out bitcoins. Besides that, banks could just as easily issue payment cards, something that they have been doing for ages (figuratively speaking), now with Bitcoin behind such cards. Essentially, they will be earning through Bitcoin just like they earn through fiat, and probably they will find a lot of other ways to earn, which are not even possible with fiat
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
I think the most impact would be in the financial system especially in banking system. As of now we can see banks planning to mimic bitcoin technology which is the blockchain for their system. They have seen the success of this technology an its effect to people. They would try to get back the trust of people thru mimicking what Bitcoin function is.
This might be an interesting article https://internationalbanker.com/banking/impact-bitcoin-central-banks/
Soon the banks will be of no use if bitcoin becomes popular and worldwide usable..
If Bitcoin starts being accepted in a large number of places, and if most people adapt to it, this can happen. But I would not say it will happen soon. The adoption of a technology like this, by the majority of the population, can take many years, maybe decades...I don't think banks will allow bitcoin to replace them so easily. But in order for that to happen a large, large number of people must adopt bitcoin and then in a few generations, banks would be somewhat obsolete.
If it ever comes to that (which could be loosely dubbed as Bitcoin replacing banks), banks will start using Bitcoin themselves. If ordinary people can earn profits through Bitcoin, why banks can't do the same? I guess they could earn even more since they certainly have experience and tools required for running Bitcoin in a big way. But that doesn't mean that they will care for it, they will throw it away as soon as it is no longer profitable for them...
And they may greatly contribute to that themselves
Of course banks will, some already have discovered bitcoin as an opportunity to make profit.
Ther is already a fond in Switzerland that is based on bitcoin. But bitcoin simply has not the capabiltys to replace banks.
Banks are more than just a flow of money. They offer services, consultings and many other things. Bitcoin can't do that.
bitcoin have a considerable impact, in fact it could reduce unemployment that exist in the country. Well, bitcoin has the potential to create an unemployment have a business, or income, and even it can affect the way others view transaction tool. Well, for me bitcoin really make a meaningful impact. made me a lot of money, even when I'm working
Soon the banks will be of no use if bitcoin becomes popular and worldwide usable..
If Bitcoin starts being accepted in a large number of places, and if most people adapt to it, this can happen. But I would not say it will happen soon. The adoption of a technology like this, by the majority of the population, can take many years, maybe decades...I don't think banks will allow bitcoin to replace them so easily. But in order for that to happen a large, large number of people must adopt bitcoin and then in a few generations, banks would be somewhat obsolete.
If it ever comes to that (which could be loosely dubbed as Bitcoin replacing banks), banks will start using Bitcoin themselves. If ordinary people can earn profits through Bitcoin, why banks can't do the same? I guess they could earn even more since they certainly have experience and tools required for running Bitcoin in a big way. But that doesn't mean that they will care for it, they will throw it away as soon as it is no longer profitable for them...
And they may greatly contribute to that themselves
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
Its making cashless more secured than ever, that to in its decentralised form.its making people more active online and it's really keeping people on it's toes to learn more and more. It's the best Bitcoin, they are helping people to do more charity also.
I don't see any people help for charity via bitcoin but few weeks before I noticed the thread where school accepting bitcoins as the fees. However donation link is here in the forum, if you have enough btc you can provide there;)
Soon the banks will be of no use if bitcoin becomes popular and worldwide usable..
If Bitcoin starts being accepted in a large number of places, and if most people adapt to it, this can happen. But I would not say it will happen soon. The adoption of a technology like this, by the majority of the population, can take many years, maybe decades...I don't think banks will allow bitcoin to replace them so easily. But in order for that to happen a large, large number of people must adopt bitcoin and then in a few generations, banks would be somewhat obsolete.
Soon the banks will be of no use if bitcoin becomes popular and worldwide usable..
If Bitcoin starts being accepted in a large number of places, and if most people adapt to it, this can happen. But I would not say it will happen soon. The adoption of a technology like this, by the majority of the population, can take many years, maybe decades...I don't think banks will allow bitcoin to replace them so easily. But in order for that to happen a large, large number of people must adopt bitcoin and then in a few generations, banks would be somewhat obsolete.
Soon the banks will be of no use if bitcoin becomes popular and worldwide usable..
If Bitcoin starts being accepted in a large number of places, and if most people adapt to it, this can happen. But I would not say it will happen soon. The adoption of a technology like this, by the majority of the population, can take many years, maybe decades...For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
Its making cashless more secured than ever, that to in its decentralised form.its making people more active online and it's really keeping people on it's toes to learn more and more. It's the best Bitcoin, they are helping people to do more charity also.
I think the biggest potential use for Bitcoin would be to be able to store funds in case of devaluation of your national currency or other measures imposed by the government.
Just look at India, where people are massively turning to Bitcoin after their government banned certain bank notes.
Just look at India, where people are massively turning to Bitcoin after their government banned certain bank notes.
I'm curious if their government now chose to cancel that decision, would people returned to fiat? Or even more people would switch to Bitcoin? On the flip side, though, the population of India is well over a billion of people. If only a small percentage of them actually turned to Bitcoin and that would be for real, the price would skyrocket in less than no time. But we don't see that happening, the price seems to be moving in the $700-750 range for a long time already...
Thereby, the number of people turning to Bitcoin in India is in fact not that large
I think the biggest potential use for Bitcoin would be to be able to store funds in case of devaluation of your national currency or other measures imposed by the government.
Just look at India, where people are massively turning to Bitcoin after their government banned certain bank notes.
Just look at India, where people are massively turning to Bitcoin after their government banned certain bank notes.
This happens rarely on which users will know about it, but in my view one of the best impact is every user having his own wallet without any others making changes or controlling it. We the user only has the access unlike other bank account.
I think the biggest potential use for Bitcoin would be to be able to store funds in case of devaluation of your national currency or other measures imposed by the government.
Just look at India, where people are massively turning to Bitcoin after their government banned certain bank notes.
Just look at India, where people are massively turning to Bitcoin after their government banned certain bank notes.
In terms of it's impact in society, I think it being decentralized is the one that will impact the society most. With it being impact, their money cannot be restricted by the government and that's why many of those who do transaction in deepweb use bitcoin. It being easy to use and to send and receive might make an impact in the society and it's volatility since it is what makes it worth investing for everyone.
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
Bitcoin still hasn`t any impact over the society.
The bitcoin community is still very small.
Bitcoin will have some huge impact in the future for sure.
well you can't say it didn't have any impact. Since a lot of people are using bitcoin, governments banning it, people investing into it,etc.. that must be an impact, even if it's a small one, still an impact.
Also, the userbase of bitcoin is growing day by day and slowly making bigger and bigger impact 
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
Bitcoin still hasn`t any impact over the society.
The bitcoin community is still very small.
Bitcoin will have some huge impact in the future for sure.
For you which could be the most important impact that bitcoin have made, will make or has been making to our society?
In my opinion the main impact that is given by the Bitcoin is world-wide transaction and deal with 0% tax . So I think still it is a big thing that is in the existence by Bitcoin But may be new things come in the future .
There's no external interference whatsoever when it comes to sending or receiving money, it's fast and transparent and anonymous and also secure at the same time. Earning and spending it easier as it's a hassle free process. It's pioneer in the history of decentralized currencies be it fiat or digital one.
There's none because we are decentralized and not outside parties can interfere our transaction. Unlike transacting in a government regulated online payment processor they can reverse any transaction when proven suspicious or anomalous. With bitcoin, there's no restriction at all and that is the great for all of us.No restriction if it's direct, what if people use exchanges services? It's not different from being a non decentralized.
And besides how come you say that government or whatever else online processor that has being centralized by the government are proven suspicious? So you mean all the government officials are all corrupt? Majority yes but it's not as everyone thins that "ALL" are fraud. It's not like that since at least a single official will condone that activity and therefore it can bring up a support from lower house or something like that. Plus take note also of the staff members of the said company that is employed on those online payment processor, are they all fraud and one is kind?
Why in the world will those online payment processor still alive today even they are proven suspicious according to your view? Please explain it more as this statement is totally a crap. How come you have a poor regulations of money transfer in your country.
There's no external interference whatsoever when it comes to sending or receiving money, it's fast and transparent and anonymous and also secure at the same time. Earning and spending it easier as it's a hassle free process. It's pioneer in the history of decentralized currencies be it fiat or digital one.
There's none because we are decentralized and not outside parties can interfere our transaction. Unlike transacting in a government regulated online payment processor they can reverse any transaction when proven suspicious or anomalous. With bitcoin, there's no restriction at all and that is the great for all of us.that is not a restriction, it is a feature and in fact it is a good feature too. we have all seen scammers online and in many cases having the option to do a charge back is good for customers. you should always see things from two point of view (the customer and the merchant) and having that reversal option is favorable for customers in case they encounter any problems with the merchant.
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