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Topic: Future without Middle men big way, but big Question? - page 4. (Read 1308 times)

sr. member
Activity: 742
Merit: 251
Things around us seek convenience and most of us will surely choose which faster and more affordable. As for me, the development and improvement of the community and society include the elimination of middlemen. We can't deny the fact that they still play a huge role in our society but if there will be better choices, I'm sure that apps or even mode of payment that provide faster transactions will surely grow better.
With the passing time, old things are just getting replaced with the new ones and it is not bad at all. If we can ease our tasks with technology, then why wont we. Technology has not taken jobs from anyone rather it has created more opportunities in this world. Be a bitcoiner or a youtuber, you can hit huge amounts. For doing all such stuff, no hard learning skills are required. Only those survive who go with the flow.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
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.
hero member
Activity: 1022
Merit: 521
Things around us seek convenience and most of us will surely choose which faster and more affordable. As for me, the development and improvement of the community and society include the elimination of middlemen. We can't deny the fact that they still play a huge role in our society but if there will be better choices, I'm sure that apps or even mode of payment that provide faster transactions will surely grow better.
I also think that the middlemen and third paties are a hurdle in our dealings and our businesses if we will do our dealings and transactions directly it will bring much convenience in our life and in our economy. It will boost the energy of our economy and will give more strength to the financial system of our countries. It will encourage all of those who are disappointed with the current system of finance and economy.
legendary
Activity: 3710
Merit: 1170
www.Crypto.Games: Multiple coins, multiple games
Do you think  life without middle men Will be better? 
Yes, with respect to my country's FMCG business structure, most of the money are going to middleman and the producers and the actual sellers are taking very less profits but the consumers are paying very big prices just due to lots of levels the middle. If the producers are directly able to sell to consumers then consumers will get products at cheaper prices and also the producers will get the maximum benefits.

At the same time we cannot ignore the need of multiple levels of middleman still I believe most of them could be eliminated from the business model. Let us come to the same kind of discussion into crypto level, I believe due to decentralization and when we are transacting without the need of bank I guess I'm going to pay same money but save more from the transaction costs as traditional banking is all about adopting negative interest rate which means their fees for every banking services will be more compared to what are paying right now.
sr. member
Activity: 1596
Merit: 335
Things around us seek convenience and most of us will surely choose which faster and more affordable. As for me, the development and improvement of the community and society include the elimination of middlemen. We can't deny the fact that they still play a huge role in our society but if there will be better choices, I'm sure that apps or even mode of payment that provide faster transactions will surely grow better.
sr. member
Activity: 742
Merit: 397
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? 


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.
newbie
Activity: 546
Merit: 0
I think Many new age banks promise to provide more control to consumers. These are false promises because in most cases, banks still manage assets and customers have to trust the bank to take good care of them. They are faster and more convenient, but basically not different from the old bank. Real disruption comes only with complete loss of personal control over the property. Many developers are creating innovative financial products towards open source protocols for asset exchange through decentralized platforms. The new platforms have two major financial advantages as they exist today.
Unsurprisingly, areas like finance and cryptocurrencies, where participants must have a good level of knowledge, are not open to all large regions of the world. However, as the main role of current finance will change and blockchain-based finance will likely play a bigger role in the future of global economies. Diversity helps make decisions and we can avoid a lot of tax controversy if the current financial system is fairer and more open in the first place.
sr. member
Activity: 734
Merit: 250
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?  


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.
legendary
Activity: 2492
Merit: 1018

3rd party can still be used as middle man probably like an App somehow its been used by merchants to escrow funds. It had to be there since we all know that when BTC is sent you can not file a dispute here unlike paypal where merchants can be scammed. But still escrows can still be taken out if both parties trusts each other.
hero member
Activity: 2548
Merit: 605
There is no need to worry much on middlemen or any intermediaries as technological revolution may boost some business and may eradicate some other business. This is how the entire world is working so far. Those people will switch over to new business/employment or go innovating to add new features to their existing system so that may keep their customer-base intact. But, here the most versatile thing will survive as people will choose the convenient one rather than sticking with existing with current system.

Bitcoin is here to provide a trustless payment system. It means you do not need to depend on your government for storing your hard work in terms of money as money will lose its value over the time due to inflation reasons. Bitcoin will ensure that you are not trusting anyone but yourself when you choose to invest your money into bitcoins. This does not mean banks will find its hard time to survive as most people may not trust themselves to adopt bitcoins as bitcoin is known for wildly fluctuating. Until, bitcoin finds stable prices, banks may exist hence middlemen will find some jobs to survive Smiley.
hero member
Activity: 2086
Merit: 501
★Bitvest.io★ Play Plinko or Invest!
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 
Banks will never go away as they are not only for safe keeping of money, they have other services offered like insurance, investments they can also take care of a company payroll. Definitely they will not be unemployed.
In a world where money runs deep, banks had established deep roots that can't be uprooted easily and there is no need to eliminate this but rather having us more options on what monetary system would suit as by the establishment of cryptocurrencies along with the question of which is more convenient to use giving the transactions' circumstances.
Do you think  life without middle men Will be better? 
There will always be a middle men, sometimes without us knowing, we are suddenly becoming a middle men whenever we see an opportunity. Big businesses also likes to have middle men as they dont expect everyone to come in and ask for their services. They even have special prices for middle men.
Although we are saying that through Bitcoin, middlemen are eliminated but the thing is it is hard to trust someone you don't know that's why we hire escrows to serve as a middleman and I am not saying that it is a bad thing but rather it is just the way it is. The good side in cryptocurrency is that you have more freedom to do what you wish to accomplish.
hero member
Activity: 1008
Merit: 531
No, I don't think that is a good idea. For example, now, ICO projects are without middle-men and currently there are many fraudulent cases. Besides, investors in cryptocurrencies are now begging to have a middle - men but no one dares to assume this lofty obligation. I think, for a society to develop well, there should be many middle - men for businesses, it will create trust and legit for many other investors. then the money will flow more and better.
Not the best comparison in my opinion, you're comparing basically high-risk crowdfunding businesses to another valid industry of middle man. And there have been IEOs that have not gone anywhere and a lot of the successful ones all have fake volumes.

I reckon we could get along our lives a lot cheaper and a lot easier without a middleman in some services, although what looks to be happening is that this middleman, is quickly becoming technology and automation, and not actual men.
legendary
Activity: 1834
Merit: 1036
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 
Banks will never go away as they are not only for safe keeping of money, they have other services offered like insurance, investments they can also take care of a company payroll. Definitely they will not be unemployed.

Do you think  life without middle men Will be better? 
There will always be a middle men, sometimes without us knowing, we are suddenly becoming a middle men whenever we see an opportunity. Big businesses also likes to have middle men as they dont expect everyone to come in and ask for their services. They even have special prices for middle men.
full member
Activity: 449
Merit: 103
Decentralized Ascending Auctions on Blockchain
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? 


In fact, having middle men is really important in this risky and risky financial market. I support intermediaries now, which both address the potential risks and create jobs for many around the world. and the existence of banks is a necessity in every country so I do not want a world too technology and modern to forget the old values. Hopefully you all will see the value of the bank and the middle men and no longer have aversion to it.
full member
Activity: 504
Merit: 100
Option Blitz
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? 


No, I don't think that is a good idea. For example, now, ICO projects are without middle-men and currently there are many fraudulent cases. Besides, investors in cryptocurrencies are now begging to have a middle - men but no one dares to assume this lofty obligation. I think, for a society to develop well, there should be many middle - men for businesses, it will create trust and legit for many other investors. then the money will flow more and better.
hero member
Activity: 1008
Merit: 531
There's always going to be a use for middleman, and it's not just going to end up with people doing everything for themselves. Middlemen are usually used to save time, or when something you want just can't be done (eg, you want to talk to investment bankers).

We aren't going to be able to see automation of every service, although a lot of the industries you are talking about are going to die (eg, taxis).

Also, you forgot a very important middle-man. Payment processors! I don't think they will ever end up outdated, they are too crucial and some businesses don't have the time to make their own payments.
legendary
Activity: 2730
Merit: 1288
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 

Professions change all the time. Thy appear and gets abandoned. In future that will only escalate. Weren't you told this in primary school when they help you choose your profession?  Did they told you that all will last forever?
legendary
Activity: 3486
Merit: 1055
Leading Crypto Sports Betting & Casino Platform
All will have many options because intermediaries in any case such as being a rule in every country and any community will at least choose the fast, best and safe way. Banks will still accept middle class people and even the less fortunate, so bankers will always work and people with different economic factors have at least their own choice.
hero member
Activity: 2184
Merit: 531
The banks will still be there! Don't get fooled by the fear mongers.

Sure, Bitcoin is the future but you also have countries and their fiat money held by national banks. They won't give it up and become decentralized because every government is centralized in its nature. Even if some small private banks go out of business and we have a financial revolution the national banks will become the middle men allowing people to exchange between fiat and crypto.
full member
Activity: 938
Merit: 159
i generally agree with the disappearance of intermediaries in transactions between private individuals with crypto, but perhaps for a little more security, the transformation of middle man into escrow for service payments.
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