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Topic: Can Bitcoin change the world's financial system? (Read 2298 times)

legendary
Activity: 1022
Merit: 1003
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Of course it can, as long as we (bitcoiner) do it together. As we know, there are many financial company began to turn its attention to the bitcoin lately.
hero member
Activity: 924
Merit: 500
bitcoin is already in the process of changing the world's financial system. why do you think the banks are trying to implement blockchain-like system? they have to make changes in order to compete with bitcoin.

I agreed, just like what happened here in my country some of the banks,  store's outlet, etc.  are adopting it, meaning little
by little the mass adoption will happen sooner or later. Smiley
full member
Activity: 238
Merit: 100
It would enrich the financial system in future i assure. The more benefits it gives, the more transactions would happen.The BTC users can feel the changes since each knows bitcoin It has already made some changes of  financial system The BTC value will keep increasing and stay stable. 
legendary
Activity: 1232
Merit: 1091
yes bitcoin can change the world finanacial system very easily.

It has the potential to do so but the governments and banks will never allow Bitcoin to take over. Governments like to control every aspect of the economy. With Bitcoin they can't do that. That's why I think Bitcoin will never get incorporated into the financial system.
full member
Activity: 224
Merit: 100
yes bitcoin can change the world finanacial system very easily.
hero member
Activity: 924
Merit: 500
i cannot say that Bitcoins can change the worlds financial system i think
50-50 chances only,because nowadays only few people all around the world
have knowledge in bitcoins and how many countries and populations worldwide do we have now,
its a total of billions of population actually, Undecided
hero member
Activity: 1372
Merit: 564
I thunk bitcoins plans and goals is to really change the finamcial system of this world.But it may change the current financial  system if all people will adopt it
hero member
Activity: 966
Merit: 507
Actually the bitcoin project (and especially its blockchain) is already changing the current financial system, and that is why most larger financial firms and banks are making great efforts to implement this bitcoin technology to their financial systems because they have realized the great advantages of this innovative digital platform.
hero member
Activity: 1344
Merit: 565
It has already started its work. It is changing the world now. Bit coin users are really experiencing a new world in terms of its growth and stability. If you see the value of BTC now, it has already grown up and the financial market is really looking on its growth. Lets hope for more growth.
We can think better to implement this bitcoin system on banking like block chain. So that lets can get into new way of process financially. Should consider how this can be safe in all ways. I hope its already working to change the current system.
full member
Activity: 238
Merit: 100
It has already started its work. It is changing the world now. Bit coin users are really experiencing a new world in terms of its growth and stability. If you see the value of BTC now, it has already grown up and the financial market is really looking on its growth. Lets hope for more growth.
hero member
Activity: 602
Merit: 500
Well yes most underdeveloped countries would not be able to use bitcoin but I’m looking forward to seeing bitcoin being accepted as a means of payment throughout the world wide web. That way we won’t need to use paypal or card payment. You see bitcoin has online wallet system and with this we dont need any sort of debit / credit cards and all such infrastructure.  Bitcoin, if Implemented, worldwide can have serious and fruitful aspects on the people. (Not sure if the Governments will like this, People controlling the Currency)
newbie
Activity: 9
Merit: 0
Well BTC .. its already changing some parts of little industrial business but not to much i think its only about 15-25% only .. the reason is :

- bitcoin price always going up
- the biggest online selling games platform STEAM .. is now accepted bitcoin  Shocked
- top tier country like UK , USA now just creating ATM machine exclusively for bitcoin   Grin

legendary
Activity: 2688
Merit: 1004
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I suppose it could. I believe bitcoin could shake the world economy, the current bitcoin not be underestimated, because bitcoin has become an important part in the transaction. many countries that accept bitcoin, bitcoin is because most likely they can make financial economy changed, and I'm sure it will bring a positive impact.
legendary
Activity: 3178
Merit: 1128
We wouldn't see the instant changes bitcoin is doing because bitcoin has only been in circulation for 5 or 6 years more or less. Besides, the only ones using bitcoin are the people that has interest in it. If bitcoin does receive actual government recognition and adoption, only then we can see the effects of bitcoin and it may change the world's financial system slowly.
legendary
Activity: 3374
Merit: 1824
Bitcoin fans always say that Bitcoin is changing the world.
Everyone I know doesn't care about Bitcoin, like at all, like absolutely not at all.
There are 1-2 million Bitcoin users in the world. That's like one grain of sand on an utterly huge shore.
HOWEVER it is a brilliant experiment, and I think it's absolutely fascinating.

Much could be done with Bitcoin, but it's not really used all that much. That's not exactly setting the world on fire.


Am I wrong? Can/will/has it change(d) the world?

Thank you for your posts guys!

Well, many great things started in a small way and most people didn't notice any change.
Look at the beginning of Microsoft, Internet or Facebook.
It took long time, a lot hard work and dedication that this projects become big and spread all over the world,
It's the same with bitcoin.
Yes, it seems just a few people using bitcoin, nobody really cares, no real changes yet etc.
But, Bitcoin already created big revolution in the concept of money, payments, financial freedom even if most people are not aware yet.
Such idea will grow day by day and eventually become mainstream, it's inevitably.
Why?
Because bitcoin is the future and today's currencies and money in the world are already history Smiley
hero member
Activity: 2128
Merit: 520
It won't change the financial system mate, for me as long as there's so many greedy leaders and rich people who only care from what their gaining Bitcoin won't do anything from it. And for me it is still good for this coin to be hidden from those greedy person
member
Activity: 105
Merit: 11
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Bitcoin fans always say that Bitcoin is changing the world.
Everyone I know doesn't care about Bitcoin, like at all, like absolutely not at all.
There are 1-2 million Bitcoin users in the world. That's like one grain of sand on an utterly huge shore.
HOWEVER it is a brilliant experiment, and I think it's absolutely fascinating.

Much could be done with Bitcoin, but it's not really used all that much. That's not exactly setting the world on fire.


Am I wrong? Can/will/has it change(d) the world?

Thank you for your posts guys!

I think that btc will change the world and now it's a continue change with new application and new to spend btc.
So just wait... every day we see new idea born!
sr. member
Activity: 294
Merit: 250
Bitcoin fans always say that Bitcoin is changing the world.
Everyone I know doesn't care about Bitcoin, like at all, like absolutely not at all.
There are 1-2 million Bitcoin users in the world. That's like one grain of sand on an utterly huge shore.
HOWEVER it is a brilliant experiment, and I think it's absolutely fascinating.

Much could be done with Bitcoin, but it's not really used all that much. That's not exactly setting the world on fire.


Am I wrong? Can/will/has it change(d) the world?

Thank you for your posts guys!

Bitcoin will certainly change the world's financial system, its structure and how it's managed. It'll also get rid of loads of banks whose role it is now to scam us out of our savings via their convenient fractional reserve banking system.

Bitcoin have the potential to change. It just needs a bit of a push.
full member
Activity: 196
Merit: 100
Thanks Bitcoin and blokchain, the world economy can now be developed without reference to the usual restrictions in the form of borders and national barriers.
Bitcoin exists beyond the control of any kind were State nationalities and borders. Because of its decentralized nature and the ease of implementation of transactions within the network, it is available to any user with access to the Internet, wherever he was. The creation of this technology has led to what is now the global financial system is becoming less dependent on territorial boundaries.
legendary
Activity: 3192
Merit: 1213
Enterapp Pre-Sale Live
Right now its not reached the level to make changes in the financial system. Lot years are there to reach such a state in which it'll be having more users than the present. Another important thing is that bitcoin technology might be adopted by finance groups soon.
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