Topic: Blockchain will change the world. Soon. - page 2. (Read 432 times)

Influence of blockchain on the world economy
The implementation of the blockchain technology can transform the world economy. At the moment, the financial world system is centralized and managed by the participants, who have the most power. The implementation of the blockchain will create an economy of joint participation. Consequently, it will exclude intermediaries between market participants.
In the financial and banking spheres it will accelerate and automate processes. Furthermore, the use of "smart contacts" will allow limiting or completely excluding regulatory bodies. The use of fast, efficient digital money that does not bear the cost of processing cash and can be tracked will improve the financial system and reduce the level of corruption. In the future, the use of blockchain will facilitate the banking and interbank transfers.
In addition, digital money can be introduced to make transactions in everyday life for ordinary citizens. Already, there are digital wallets, ATMs, credit and payment systems on the basis of the blockchain. For example, to pay for advertising on the Internet, a limited set of payment methods is used (most often bank transfers). Using blockchain and cryptocurrency will allow each user to easily pay for advertisements so that they can develop their business (a similar solution is offered by the Dan Service project (https://dan-service.com/)). Optimization of advertising will allow the business to increase efficiency and conversion.
The implementation of blockchain in developing countries will bring them to a qualitatively new leap in development. For example, some small countries do not have fixed phones or addresses, but most of them have smartphones and the ability to create wallets with crypto-currencies. Cryptocurrency will provide them with an opportunity to pay for basic needs, such as utilities, rentals, and meals.
Besides, blockchain will increase the transparency of various charitable organizations that fall under corruption or government manipulation. Enhancing the level of trust will increase the money flow to those parts of the world that need financial assistance. Blockchain technology and the digital currency will reduce risk and fraud and give them final control over the implementation of monetary policy and taxation. Therefore, the introduction of this system will allow building a financial system based on trust.
The government of developed countries also plans to implement blockchain. For example, the UK plans to use it to reduce corruption and fraud, as well as improve the efficiency of government agencies. Experimental developments are conducted in the area of welfare distribution, namely pensions and wages. It will allow Great Britain to track and record all citizens' payments. Also, one of the areas of blockchain’s possible application should be an automated customs service. Consequently, it is planned to reduce the waiting time at customs points when arriving at the airports etc.

Yes, it can be seen that the birth of Blockchain marks the change and transformation of the world. This is considered one of the technologies of the future society, especially as an Internet and 4.0 technology are growing.

Blockchain will change the world in terms of the financial industry..WHY? 

Blockchain is considered practical and payment media..
ETH Alert— $32 Million worth of ETH Stolen — Update 13
https://medium.com/crypt-bytes-tech/eth-alert-32-million-worth-of...

Over $20M Worth of ETH Stolen from Misconfigured Wallets ...
https://nulltx.com/over-20m-worth-of-eth-stolen-from-misconfigured...
The interface usually comes disabled by default on the majority of Ethereum-based applications, requiring a reasonably knowledgeable user to dive into the application ..

$300m in cryptocurrency’ accidentally lost forever due to ...
https://www.theguardian.com/technology/2017/nov/08/cryptocurrency...
More than $300m of cryptocurrency has been lost after a series of bugs in a popular digital wallet service led one curious developer to accidentally take control of ...

Coinrail Exchange Hacked, Loses Possibly $40 Million in ...
https://www.coindesk.com/coinrail-exchange-hacked-loses-possibly...
Coinrail, a cryptocurrency exchange based in South Korea, said on Sunday its platform has been hacked, with other sources suggesting it lost cryptocurrencies totaling ..

NiceHash: More than $70 million stolen in bitcoin hack
https://money.cnn.com/2017/12/07/technology/nicehash-bitcoin-theft...
07/12/2017 · Bitfinex, a Hong Kong-based bitcoin exchange, was briefly shut down last year after hackers stole nearly 120,000 bitcoins-- worth more than $65 million at the time. The year before, ..


EVERY YEAR   MILLIONS IS STOLEN     now the fact the "WORD CRYPTO" is involved means it's safe because of a cryptic code:^^^^^^^
And every year exchanges rob your monies hackers DEVS liars even saying Jesus needs some     

Not very PRACTICAL would you say ?..

See your average joe wouldn't know how to use crypto ..

Blockchain will change the world in terms of the financial industry, it's the most obvious and will be most affected by the existence of crypto. Blockchain is considered practical and payment media will certainly be a lot of people want it in the modern era. so this will be a new revolution to the world of finance.

Dream on   with your ideas that will kill the planet I am not saying crypto is bad  no no   what I am saying is it cannot be a currency..

Ok why do so many get crypto then cash out and use CURRENCY .. ..See imagine just for one second no government backed crypto or currency  who will pay all the pensions ?  firemen   remember no governments involved  because bitcoin is the currency  ..

You all really need to stop dreaming   ..Yes blockchain is good but for what ?..NOT A CURRENCY ..i will not make little cabbage billy who bought 500 pounds worth of bitcoin that all you do with it is trade and he as 500k worth of them be my ruler  NO WAY   DREAM ON   because soon my planet will go to shit..

LOOK AT THE TECH INDUSTRY ..They make loads of money?  well look what they leave behind ..

https://www.bing.com/videos/search?q=san+francisco+homeless&&view=detail&mid=73EBEF9CA9A207FB34A573EBEF9CA9A207FB34A5&&FORM=VRDGAR

They make all that money and they let the area go to poo ..

And hellfish you leave my post you bell end

Blockchain  will change the world, because it will create an entirely new system of calculations.
This is the first.

The second.
blockchain will help to save the resources of all mankind.
Third. In my country, blockchain will help to replace corrupt officials with clever contracts.
I faced personal corruption in Ukraine.

Why will blockchain change the world?   I mean soon the way things are going everyone will own a crypto exchange or a crypto gambling site..

Soon everything will change...
Remember? A famous song about blockchain.

Toby Ganger + Decap - Welcome To The Blockchain (The Bitcoin Song)

https://www.youtube.com/watch?v=YbzNJr26H-4

And one more thing..
Pay attention - 2012 !!!! =)



https://www.youtube.com/watch?v=WdrSP0V-KLg


UPD (3/08/2018)



About why Bitcoin is needed.
Bitcoin, as you already heard in the song, has a limited emission.
It is important. He is deflationary. And the usual fiat currencies are inflationary.

Simple people around the world do not have the ability to save capital.

How can my grandmother be rich?
She worked all her life. Honestly worked. Hard work.

But the year 1990 has.... The USSR collapsed. All the money that my grandmother kept on the savings book - in the bank - disappeared.

And even the usual cash was just a paper ....


For me, as a child, my parents also put money aside. And they disappeared ....

Any world currency, including the US dollar, depreciates.
How can I check this? Look at the price table in 1930 ... in 1945 ... in 1965 ... and now ....

Simple people are constantly getting poorer. They become poorer by the percentage that is INFLATION.

Every year, my and your savings are "eaten up" by inflation.

How can I become richer ?? More work But the current system is not fair. Those who release money use them before they have depreciated. They become richer ... and we (ordinary people - poorer !!!) ...

Bitcoin and some other crypto currency, as well as gold and silver (Money of God), bring stability. And a person can accumulate savings. For example, on your retirement ....
Now do you agree?


But Blockchain is not just cryptocurrencies..
Blockchain will help to defeat corruption and save resources around the world.

But this is only if the Blockchain will be decentralized, and not in the cancers of monopolists and dictators....



UPD (09.08.2018)
I will repeat - the states can also create their own crypto-currencies, but they will cease to be uncontrolled.
Because all people can see their issue.
In the world now - a partial bank reservation.
This means that for every dollar (for you - pound) bank LEGALLY creates a lot more dollars (pounds) of credit money.

Who benefits from this? Poor???
No! The total money supply is growing. The same number of assets remained. And this means that money depreciates against assets.

Am I wrong?

Read, please, the books of Hayek, Lietar.


UPD (I publish here, because my answer to the topic was deleted)

1. "If Bitcoin is to become a currency then who pays for my roads and bins to be fixed or cleaned?   all the bitcoin people will hand over donations to my government to fix the pot holes in the roads"


1.1 Bitcoin will be a means of accumulation. It is limited in quantity.

State digital currencies will be used for calculations. Also on the Blockchain.

For example, - based on Stellar. Although it is not decentralized, it is suitable for creating on its basis national currencies
And, for example, a komodo

1.2 Taxes will be paid by the owners of Bitcoin. Therefore - the budget will not suffer.
By the way, the budget suffers more from underpayment of taxes by world TNCs
Transnational companies always optimize their taxes so as not to pay much.

UPD: 11.08.2018 (I publish here, because my answer to the topic was deleted)
There are many places in the world from which the crisis can begin. These are the deficits of pension funds, and stock bubbles, and trade war ...
I am silent about the bankrupt banks and the overload of the whole world with debt ...

To be continued...