Can Bitcoin change the world's financial system? - page 2.

wintermeasures

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Quote from: prettybuds on May 13, 2016, 02:33:06 PM

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 it is not impossible, but if bitcoin still not accepted by all parties as it is today mainly by the government then I think bitcoin can not change the world's financial system. Thank you

dimox

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i thing its possible bitcoin to change the financial system view of the technological superiority blockchain

Altynbekova

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Quote from: ?? on ??

It can change the world in the future. Maybe in the future every transactions that will be done is using bitcoin. They don't need to carry their wallets while shopping instead they will carry their phones to easily pay using bitcoin. Well thats a possibility we cannot now for sure if it will happen or not.

I also think there is a chance of doing this with some years that it needs of course, if it stays growing this can be done.

Gleb Gamow

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Quote from: prettybuds on May 13, 2016, 02:33:06 PM

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!

Show me a shore containing only 3,562 grains of sand, and I'll show you a child's-pail-sized beach. Make that perhaps a toddler's-[1/4-]spoon-sized beach given that ~7,692,000 grains of sand fill one cup.

3,281,579 Grains of Sand (~1/2 cup)

To address the question posed, yes. Bitcoin, moreover the underlining blockchain and its past, present and future variants, will change the world's financial system as we currently know it. That's why the nefarious actors overseeing the sector are quick to embrace the technology. SHIT! What the fuck were we tricked into creating? Excuse me while I make like an ostrich and hunt for some loose sand.

"Well, that was a bad idea. Now I'll uncovered the nascent Financial Dark Web (FDW)."

praprata

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Quote from: bestluck on June 07, 2016, 02:16:39 PM

yes bitcoin will change sooner the world financial system, and if you notice bitcoin is already changing the world financial system, at least on online world now everyone is preferring bitcoin and want to use this currency instead of USD which is a leading currency of the world.

I also think that the bitcoin can rise to a high and nice world system, its just a matter of time in my eyes.
There is a good chance that this will happen.

bestluck

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yes bitcoin will change sooner the world financial system, and if you notice bitcoin is already changing the world financial system, at least on online world now everyone is preferring bitcoin and want to use this currency instead of USD which is a leading currency of the world.

BigBoom3599

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I think bitcoin definitely has the potential to change the financial system, even if that means just causing some healthy competition for banks. However there are many hurdles to cross before we can even think of becoming a mainstream payment method.

ekoice

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Yes some day some how it is possible that bitcoin will change the world financial system since it is getting very famous day by day and known world wide and its users are in millions that's why its use will change the world financial system very soon.

gadman2

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It's not meant to...

salmanahmedone

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Quote from: The Sceptical Chymist on May 13, 2016, 05:34:39 PM

Yeah well, most of us get paid in fiat and buy things that are priced in fiat...so unless bitcoin has an actual problem that it's a solution to, it's not going to get widely adopted. It is useful as a store of value, like precious metals, but as a currency it absolutely sucks. That's my opinion. I would much rather spend dollars than bitcoin, and it's much, much easier to do so.

the bitcoins will surely change the world financial System very soon.

xuan87

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Bitcoin still hasnt reached "changing financial system" yet, but i and all the people who uses bitcoin can feel the changes since we know bitcoin, it has change a small part of financial system, but in the next few years if bitcoin keep being develop it will change the world financial system

eyeknock

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Quote from: prettybuds on May 13, 2016, 02:33:06 PM

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!

and with only that small ammount of people using it, it has changed lot of things Wink

, for those who still thinking that this is imposible, will be very surprised in the next years, maybe more time than expected is needed, yes, but in the end the entire technology bitcoin/blockchain will change the world soon or later, so yes, it will change the financial system is just a question of time.

Kartikay

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It has not changed the world at all. It is only in it's infancy stage. Before changing the world, it has to stabilize itself and need to have a good reputation and trust among people. Bitcoin can change the world but it will take very long time as fiat is much more trusted among people.

Enotche

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Quote from: delliaerd on May 19, 2016, 04:52:58 AM

You are absolutely right mate, but in point of view, bitcoin can not change the world financial system for a near time, because the most of financial using on paper money. Correct me if I am wrong.

Perhaps, I will agree. The dependence on conventional paper money is too high, and it will wear off in the case of strengthening and establishment of stable prices, the popularization of Bitcoins, as well as the technological literacy of people.

delliaerd

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Quote from: Yakamoto on May 13, 2016, 04:04:32 PM

Bitcoin already has kind of changed the global financial systems, with the blockchain now being a more and more invested and valued technology, more banks are starting to move towards something like it and see what kind of technologies can be formed out of it. I personally think this is a good thing, because it will slowly interest more people in the origin of this technology, which is Bitcoin, and we can see growth in the userbase.

You are absolutely right mate, but in point of view, bitcoin can not change the world financial system for a near time, because the most of financial using on paper money. Correct me if I am wrong.

Crazygreek

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It's something new in world's finacial system, so maybe in future it will change smth but i can't predict something huge. Better just wait for smth and see what will happen.

prettybuds

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Quote from: somacoin on May 14, 2016, 02:36:32 PM

Quote from: Carlsen on May 14, 2016, 02:17:03 AM

Online micro transactions were not reasonable before, because the transaction costs were often higher than the sent amount.

Have you ever done an online micro transaction with Bitcoin? Cause I never have and I'm a heavy Bitcoin user.

I haven't even seen the possibility to do a micro transaction with btc except when signing up on bitcointalk with TOR Grin

PacePay

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Yeah, I think it will bring a lot of changes in the world's financial system, it will replace dollar(which is the currency of a single nation) and so everyone will support it and every nation will cooperate in business with it as after that no one will be in the hurry to destroy other economy in order to destroy other's currency, and they will then not worry that where the world currency flourish as bitcoi is the currency of everyone.

Farma

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Leading Crypto Sports Betting & Casino Platform

can. I think bitcoin have that opportunity, bitcoin can make in this world unemployment is reduced, that of course can change a country's finances better

angaper

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This is an interesting question, my friend, because I have no doubt that the bitcoin idea has generated a new outlook about the future of international economy, but I prefer to think that actually bitcoin is just the beginning of the real evolution to come.

This is just the first step, and I am convinced that the future will bring more amazing surprises.

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