Topic: The Future - page 4. (Read 783 times)

Visualize a government without banks. Dive deep and you will see it might cause chaos.
There are those who won't agree and others who don't have the knowledge about it. It's not that acceptance is being neglected but taking out the traditional way may become the hardest part for a change.
First and maybe the most important of all, as a government that will try to change the financial system, they will need to educate everyone.
That means textbooks for rural areas, paid advertisements for the urban, computers, smartphones for each family, inserting them in curriculums, and more.
Why replace banks? Adoption is all they need. Small steps are better than none.

Why not just go along with both futuristic business ideals and as well as the traditional businesses and currencies that we have. I think existing at the same time gives us a better option and idea on what we prefer and what's giving us the easier option for things that we need like those services that you've mentioned in the op.

I understand some people's concerns though. Think of how much unemployment some of the changes you mentioned will bring. Robotics will replace employees who do hard labour. Amazon making people not to enter physical book stores anymore. But as for Bitcoin, that is a really valid change that will rather better things and even ease payment.

Nobody can predict the future accurately.

But in my opinion about these:
It will be very difficult and seems impossible because banks are under the control of the government and also world banks. And they will not let it be.

It may also, and it may be not fully, but most of us, well, and I am wondering and imagining like the movie with robots 

And about other probabilities, they may be possible, but of course, they will face difficult and hard problems, obstacles and challenges. Because sometimes they will be dominant, not replacing all. Because every country may have a different culture. And maybe there will be other types of new future again

in the future I'm sure banks will adapt and accept bitcoin and another cryptocurrency...

btw, I don't agree with airbnb going to replace hotels because currently airbnb has collaborated with many hotels and makes it easier for customers to make reservations at all hotels around the world. I agree more with the sentence 'collaborate' not 'replacing'

talk about the future, then we don't know what will happen. at this time we can guess that the things that exist today will be replaced with something new. however, we do not know what will happen in the future.
however, based on the text made, if a developer does not develop his business for the better, then it can be replaced. however, we don't know how far this development will go. I think the government will not be silent about bitcoin replacing banks, especially its decentralized system. however, I agree with the idea that what if in the future, banks take advantage of bitcoin. it will not make bitcoin replace the bank. In addition, there will be projects that replace other projects if there is no development at all or the project is old, and cannot adapt to technological developments.

Why do you think so?? . It is undeniable that we live in a technological world, technological progress is very fast. If entrepreneurs do not upgrade their technology , they will be outdated and as a result they will go out of business . The progress of the world will definitely be felt at all times and people must follow the flow if they do not want to be left behind. It's just how we respond to the times.

how can you say bitcoin can replace banks ?
bank and bitcoin are very contradictory in my opinion where the bank has a system and rules in every transaction
not the other way around
so one thing is impossible if bitcoin replaces bank

Hardly think one would happen. It's gonna split into two imo, but majority would still use banks due to convenience. Honestly most of your samples were more convenient ones replacing less convenient ones, but considering how Bitcoin is compared to the current fiat system in terms of it, I'd have to say banks beat Bitcoin by a mile.

Banks were made to provide convenience, Bitcoin was made so that you can be your own bank. It's convenient yes, but that'd be a subjective view imo.

it is very, very unlikely that bitcoin can replace banks, because banks are a place for collecting, and distributing fiat money. while bitcoin is digital money that can always be managed by the bank itself. So bitcoin can replace the bank it's a different element.

That seems to happen but that was not an unfortunate thing to happen as technologies upgraded just to give the very comfortable life that we wanted. I don't disregard these changes, it might be difficult to adjust at first but we have to embrace these things as this will come.
But above all of these things mentioned by OP, "bitcoin replacing Banks" is very unlikely. I simply don't believe that because it was clear to us that it was not how Bitcoin was meant to be.

I don't think that Bitcoin will replace banks or any kind of a similar system. But if you say Blockchain will do so, then I would agree with you. Because I think that Blockchain has a very bright future and it already started being used in some places. The traditional system of banks can seem old beside a new technology like Blockchain. But when it comes to Bitcoin, it will not replace anything I think and it will just stay as an alternative way for people.

For the near term I think this is still very difficult. The future still requires bitcoin paper money may be an alternative means of payment but that may take quite a while. Currently the world's population is not ready to accept. I think today's society is a transitional generation, the millennial generation may be a source of change after the generation before the millennium ends. Today we are being herded into digitization, so now it's all starting.

There are things that should have disappeared and in fact at the beginning of this 21st century some collapsed, others overcame that collapse and remain, that collapse included technologies and business models that were future, and in their collapse at the time: "how we do not think that this could disappear or even get better".

The future can be very far at times but the future is only 1 second, so the future of anything can be predicted with enough accuracy the shorter the prediction time and there we are all experts; improve something that exists as a business model, for example Uber, AirBnB and Amazon itself, they are pushed to do so by their own environment, they have not solved anything they have improved it and thanks to whom! to a true future that, although it is present, the Internet is constantly expanding.

Robotics and bitcoin deviate a bit from your example, because they are transformative, they come to modify business models, daily life.

The robotics only wait because the technology continues to advance and the future of what we think may be a robot is reached.
But instead the bitcoin is there, it already has the technology, it has the platforms, we already know How are its limits and why it is here, but it is still difficult for many to understand, to think how it works, then the future here will be to change our way of thinking about how our assets are managed and the laws that govern it.
 
^{O_T: The best future is for every human being to have access to water, that if it should be promising so that we all have the ability to see it.}

I can imagine how our future will be and that can happen in the future.
Some already happen and the others still need to wait for the development for more.
But bitcoin is not replacing the banks because if bitcoin does that, all countries will have one currency, which is bitcoin, and I do not think that they will accept that.
The era already changes into a digital era, so whether they are ready or not, we will face it soon, which can happen anytime.

To expand on robotics, AI will make the largest displacement the economy has ever seen, which is why it's important for anyone in the lower class to get involved in Bitcoin now. At least having some assets will be valuable in the future once the elites use AI and weaponize it against the lower class.

I highly doubt this will happen in our lifetime, but who really knows.  However, governments always like to maintain a level of control--thus I don't see banks moving away anytime soon.

The first line of the OP is also that something I don't think will happen in our lifetime. But all the others have the possibility. But bitcoin replacing banks? Very far from happening at the moment. It may co-exist with the banks but ultimately replacing it, I am not seeing that to happen in our lifetime. The first thing the reason why it won't be, is because it is decentralized, and the government wants a centralized system so they have the grip of what's happening to their financial system.

I guess you are not seeing things that straight...

•Bitcoin replacing Banks.

-Nah. Won't happen. Banks will step in and create their own use cases (if they haven't already)

•Robotics replacing manpower.

-Probably one day, but not sometime soon. We will be seeing a progressive change on several jobs that were primarily done by humans, but humans will still be on top of the decision chain

•Uber replacing Taxi's.

-Not right. They can coexist. They can both do the other's job.

•Amazon replacing Bookstores.

-Wrong again. Amazon may have seen its golden days but they are still here to give a fight. There will be always someone buying from Amazon.

•AirBnB replacing Hotels.

-Not going to happen. While Airbnb may be offering the same service as Hotels in the near future, each business can diversify the target users to get and can both coexist. Airbnb may be stepping into the long term rental market sooner than going into hotel business.

I think the hassle is always about change. There will be always the ones who fiercely fight for it while others will be the reaction.

It not something we need to think of before we can understand that some people or organization will be intimidated when an innovative idea or technology is introduce, the same thing happens when planes were invented.

Why do you think Bitcoin is excluded when some financial institution and government are still intimidated by what Bitcoin may become in the future?

However, the energy used to print fiat annually is more than the energy used to mine Bitcoin annually.