Future without Middle men big way, but big Question? - page 3.

audaciousbeing

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Quote from: Polo7 on November 28, 2019, 12:41:37 PM

I see the World is Going to the Way that no Middle men anymore!

Like decentralized banking the New era of living.

Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....

But the question is :

What about Middle - men?
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?

Do you think life without middle men Will be better?

If you are talking about the middle-men, they are not going anywhere rather they would only change form. The Uber that you have rightly mentioned, what just happen here is Uber assuming the role of middle men by being the go-between the rider and the drivers. The same thing goes to other online businesses that works with the same model. It will even surprise you the more that the same current middle-men who have made more than a fortune in the existing business model are the investors in this new models but because companies don't go all around announcing their angel investors or the financial muscles that is making them run their business and the irony is that these investors own the business.

sana54210

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Middle man will never go away, people think it will go away but the middleman is just becoming more hidden instead of being more up front.

For example, you said Uber, now that allows people to directly contact with the driver and directly go some places etc etc but the middleman here is still uber, I know they are just taking their commission and do nothing else unlike banks but that is still a middleman. Same with all other similar concepts.

Long story short, we are not going to a system where there are no more middlemans in the world, no, we are going to a system where there are more hidden and smaller middleman that doesn't intervene that much anymore because people want to buy directly from the source and whoever makes that possible is the one that makes the most profits.

fiulpro

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Hey ,
What I think is middle men have dominated every sector in this whole world , actually we should understand that , they don't help them instead they actually earn a huge profit , they buy things at 1 and sell them at 100 , the person who is a actually selling doesn't even get to know what they could have earned and eventually they never get out of the poverty line and the middle men keeps earning .
A world without them would be amazing for the people who have to go through a lot and earn nothing when they should be the ones getting the profits , it would be so so beneficial for the people like farmers or even Bitcoins sellers , they won't have to pay thrice just to sell their coins .

Cherylstar86

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Quote from: cryptoknightt on December 08, 2019, 10:34:38 AM

Quote from: webtricks on November 28, 2019, 01:21:42 PM

Decentralized banking is misleading term. There is no concept like decentralized banking. The closest substitute to this term is cryptocurrencies and few dapps providing online credit facilities. But since value of cryptocurrencies is highly dynamic, this model is not sustainable. In short, banks are not going anywhere.

he thought it was too far, I mean, how could banks be eliminated, even though crypto would be used as predicted, but at the same time exist with the banking business and not get rid of everything. Roll Eyes

Both have a point but it will really matters to the users compatibility on how to deal those things comfortably. Eliminating banks is somehow impossible in which here in our country adopt the crypto currency, I mean some banks invest on it since they are accredited by our government but somehow the bank is just relying on the market and they have no control since it is still decentralized system that's really make sense.

cryptoknightt

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Quote from: webtricks on November 28, 2019, 01:21:42 PM

Decentralized banking is misleading term. There is no concept like decentralized banking. The closest substitute to this term is cryptocurrencies and few dapps providing online credit facilities. But since value of cryptocurrencies is highly dynamic, this model is not sustainable. In short, banks are not going anywhere.

he thought it was too far, I mean, how could banks be eliminated, even though crypto would be used as predicted, but at the same time exist with the banking business and not get rid of everything. Roll Eyes

dimonstration

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Dimon69

Quote from: Nolimitz84 on December 07, 2019, 05:04:17 PM

Quote from: mdgabrielzim on November 29, 2019, 05:34:32 PM

It is an evil that is necessary. Just as many country men have lost their jobs, so many bankers will also lose their jobs someday.

Yeah not very much like anyone to lose their jobs,but it comes down to this scenario.Alas.Many people who perform the role of intermediaries are waiting for such a fate.

There are many opportunities they can still have even they got unemployed as the technology advances many will have chance to be their own boss on their business. Or online supports in banking etc. Middlemen may still be needed as not will be able to understand the app by themselves and there is always need supports in every application.

abhiseshakana

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Quote from: Polo7 on November 28, 2019, 12:41:37 PM

If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?

Do you think life without middle men Will be better?

In my opinion, the bank should be abolished because the principle of bank work only benefits some groups and disadvantages other groups. Take the case in my country, for example, the interest on loans for small business loans is 17.75% while the interest on corporate loans is 9.95%. A credit application must have collateral while collateral is only owned by rich people and those who can save money in the bank are usually rich people.

I feel that the role of the government is still needed in cross-border transactions as an SOP, especially when each other's parties have low levels of trust. But the role of banks can be replaced by the role of international surveyors such as SGS (General Society of Surveillance).

It will be very difficult to escape from the bank's trap if the community itself still uses bank services to save and borrow money in the bank. Credit cards (relying on bank loans) have become a trend in millennial life now. In addition, banks always innovate to be accepted in all circles and in all situations and conditions.

Betwrong

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Quote from: gentlemand on December 04, 2019, 02:04:13 PM

Uber, Aribnb and so on are middle men in disguise and more insidious too. They still take your money. They want to hide behind the saps they're exploiting to provide their services when they go wrong. It's a very attractive development for existing middle men. More profit. Less liability.

Other than that most of the world does not want decentralisation or care about it. They want someone else to do the work and complain to.

That's right, but I think that's how it has always been. Only really independent individuals root for decentralization, but most people don't want it at all. What they want is an emperor, good or bad, doesn't matter, as long as they can blame all their problems on him. Most people find this lifestyle more desirable than one where they have to take all the responsibility for how they live.

But I believe that in the future there will be more and more open-minded and independent individuals, because it's kind of a trend nowadays to be the one.

agentx44

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Quote from: Polo7 on November 28, 2019, 12:41:37 PM

I see the World is Going to the Way that no Middle men anymore!

Like decentralized banking the New era of living.

Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....

But the question is :

What about Middle - men?
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?

Do you think life without middle men Will be better?

I think one of the main reason why there's a mediator on every set of group or a system is to maintain balance and control. They are the one that handles the complaints and troubles being experienced but the thing is the absence of it may make things better since you will be able to confront your problem to the main source of it. Life without a middle men might make things better or may not. Without it, frauds and scams will be more vulgar more probably. If there is a middle men, there will be process which will surely avoid any unnecessary events.

ntsdm1

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Quote from: Polo7 on November 28, 2019, 12:41:37 PM

Do you think life without middle men Will be better?

The very word,, mediator,, does not command respect.To me, a middleman is a speculator.So of course without them it will be better!

uneng

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Quote from: Lorence.xD on December 07, 2019, 11:40:28 AM

Quote from: pawanjain on December 05, 2019, 11:24:42 AM

You care about unemployment but don't care about your loved ones being in trouble because of those middle men ?
It's no rocket science that these middle men (i.e the bankers) have been troubling us since ages.
Now since there will be no middle men, these people won't be able to trouble us anymore.
You talk about life but my friend, you must look at life from a different perspective.

Middlemen are part of each transaction; this commonly happens to the smaller business to avoid having scams and illegal transactions. They are responsible for handling both parties to secured they are safe on the business they want to do. In banking always there's a middleman that handles the transaction of the customer and verifying the information of both parties to avoid of having misinformation. Today this happens on the small business if they want to buy something or to sell because to secured their selves and the items they have they must hire a middle man that handles both of the things they have and to assure there's no threat for them.

I think we won't get rid of middlemen because of that fact. Without middlemen we aren't safe to deal with strangers, at least paying the fee to the intermediary we have the assurance we are dealing safely without risks.
It would be amazing to have a society without middlemen for sure, but it sounds like a utopia for me. Trust levels are decreasing in the communities, even neighbors who used to be trustful before are now strangers. How to live without middlemen in a community like this? Impossible...

Nolimitz84

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Quote from: mdgabrielzim on November 29, 2019, 05:34:32 PM

It is an evil that is necessary. Just as many country men have lost their jobs, so many bankers will also lose their jobs someday.

Yeah not very much like anyone to lose their jobs,but it comes down to this scenario.Alas.Many people who perform the role of intermediaries are waiting for such a fate.

mersal

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Quote from: Polo7 on November 28, 2019, 12:41:37 PM

I see the World is Going to the Way that no Middle men anymore!

Like decentralized banking the New era of living.

Do you think life without middle men Will be better?

Even if we not adopt to decentralized peer to peer payments, the current banking system will not exist in a decade later because already banks are working on AI implement for the functions which is currently done by a human to avoid giving salary and get more output and also reduce other misc fees to spend for their employers.So all these middle men have to find a career for themselves ASAP or they will be on streets for sure.

Amel

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Quote from: Karmakid on December 03, 2019, 08:11:58 PM

Quote from: MyIdeas on December 03, 2019, 01:59:06 PM

These middle men are the same people like us they have the same minds as we and these are the people from among us so they will also join our community and they will not remain jobless. If they will lose one opportunity then they will get many other opportunities which will be far more better than the previous one.
So don't worry for the decentralized era it will make us more stronger and independent in the financial world.

The decentralization that the blockchain technology has brought to us will not remove the jobs of the people in our era and it will create more jobs instead. We are now in the midst of transition towards a full technology based era and we need more people to support this transition so tech companies will hire more people and it will provide opportunities to those who are currently jobless.

And at that time the changes appear, where the jobs played by humans will be replaced by machines. But that does not mean people will be unemployed, but they will also follow these changes where they are forced to follow technological developments including their work.

If today humans work for sustainability, then humans in the future will work for innovation.

Lorence.xD

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Quote from: pawanjain on December 05, 2019, 11:24:42 AM

You care about unemployment but don't care about your loved ones being in trouble because of those middle men ?
It's no rocket science that these middle men (i.e the bankers) have been troubling us since ages.
Now since there will be no middle men, these people won't be able to trouble us anymore.
You talk about life but my friend, you must look at life from a different perspective.

Middlemen are part of each transaction; this commonly happens to the smaller business to avoid having scams and illegal transactions. They are responsible for handling both parties to secured they are safe on the business they want to do. In banking always there's a middleman that handles the transaction of the customer and verifying the information of both parties to avoid of having misinformation. Today this happens on the small business if they want to buy something or to sell because to secured their selves and the items they have they must hire a middle man that handles both of the things they have and to assure there's no threat for them.

dirgayeah

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Quote from: Polo7 on November 28, 2019, 12:41:37 PM

I
But the question is :

What about Middle - men?
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?

Do you think life without middle men Will be better?

Middle man still has a place in this world. especially in banking sector. banking still need a broker to find the customer. and if we hope all of banking system will be decentralized is impossible. Middle man also a ppl which is want to find halal money. as long as they are work under the rules and law

AjithBtc

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With banking what we experience now will continue, just on decentralizing everything won't function eliminating the middlemen. From what Op thinks, there is no need for banks. If we say there is no middlemen on uber, airbnb then its wrong because they are the middlemen. Earlier if we want a taxi we go to the road and hire a taxi. Now if we want to hire a taxi we contact the middlemen ola or uber and further he connects us with a taxi.

7788bitcoin

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Quote from: Polo7 on November 28, 2019, 12:41:37 PM

I see the World is Going to the Way that no Middle men anymore!
Like decentralized banking the New era of living.
Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....

If you are talking about bitcoin and a decentralized market then it gets rid of the banking sector if you are using it as a tender to transact globally but if you are using the banking system then there is a middle man in all of the transaction and there is no way around it. The middle man is a curse in majority of market and if we get rid of them we will have some benefits but the job market will get affected.

Quote from: Polo7 on November 28, 2019, 12:41:37 PM

But the question is :
What about Middle - men?
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed?
Do you think life without middle men Will be better?

Sure it will create unemployment and i am not expecting the traditional banking system will get replaced anytime soon.

Shenzou

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First of all the middle man is never gonna go away, there are many things out there that require you to use a third party, like when you pay your taxes when you pay your flight ticket or when you buy your groceries, things like those are always going to require a middle man whether directly or indirectly, and if employment is the concern here there are other things that are effecting it that we should be worried about, like robots and machines that are replacing us, the same way steam powered machines replaced humans years ago in the industrial revolution and caused millions of people to lose their jobs.

pawanjain

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Nothing lasts forever

You care about unemployment but don't care about your loved ones being in trouble because of those middle men ?
It's no rocket science that these middle men (i.e the bankers) have been troubling us since ages.
Now since there will be no middle men, these people won't be able to trouble us anymore.
You talk about life but my friend, you must look at life from a different perspective.

Topic: Future without Middle men big way, but big Question? - page 3. (Read 1268 times)