Topic: The Future - page 5. (Read 783 times)
These stuffs that you're mentioning has already happened except for the bitcoin part, we still got a long way to go. We need to solve the energy consumption by the network because whether we like it or not, the network is consuming a lot of power. The robots one though, it's sort of in the middle or at the least encroaching as we haven't perfected automation and people aren't ready for this because people need jobs to make money and put food on the table.
•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
There is nothing bad about having new things and different ways to try things that we are doing. So, we can have new ideas and new things coming out, but what I wouldn’t really know if I’m going to like is a replacement of the ones that are already there in the past. Most of the times new things are there, to suit the needs of some people, because everyone is different from each other.•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
So, if you see what is good for you or what you’re OK with, you should just go for that and not insist that what has been or other options that are available are going to be taken down or replaced just because of you are satisfied with another, there are others who are not satisfied with what you are satisfied with, they have their own preference and we should respect that.
there is no comparison about banks and Bitcoin though both can be somekind of holding our funds but they are different in many ways.
like mentioned in post above me , Bitcoin is clearly a currency but Bank is a Business in which cannot be at once compete.
like mentioned in post above me , Bitcoin is clearly a currency but Bank is a Business in which cannot be at once compete.
It’s uncertain that all which you have mentioned will replace the existing system e.g. robots replacing human as there can’t think and take action on the job. What is achievable is them working in collaboration with each other to bring about a better future.
though there is one who comes to be happening and that is Amazon replacing Bookstore because nowadays bookstores are slowly dying and we might not seen one in the near future.
It’s uncertain that all which you have mentioned will replace the existing system e.g. robots replacing human as there can’t think and take action on the job. What is achievable is them working in collaboration with each other to bring about a better future.
Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;
•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
.•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
I do not agree with you on this ground Bitcoin replacing bank, even if Bitcoin is been accepted in every country in the future it's not like Bitcoin will replace the bank. What I am really sure about banks will work with cryptocurrency, exchange of Bitcoin will be done in the bank not Bitcoin replacing bank totally.
Some I can agree others I will reject. Because as the other said, banks will choose to adopt the revolution of the crypto industry instead of totally rejecting it. About using it as a means of payment for transportation, I think that would be possible since we already know about the Pyagyo in India accepting BTC as payment. Other means of transportation will follow when they see the growth of others.
If banks can adopt crypto to their system, maybe that can give them benefits and make their system secure. But it needs more research from them about how they can use crypto besides their system. Banks themselves need to evolve using a digital system because the era is changing, and they need to adapt to the growth. But suppose more companies can accepting crypto, especially accepting BTC as payment. In that case, that could evolve the transaction system to a new system and that will be a matter of time before that can happen. Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;
•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
I think those 2-5 list is already replacing those in this era but bitcoin is still have long way to go because it's still controversial and not less people are againts it because they could have disadvantages if bitcoin becomings people's main wallet.
People still need to develop bitcoin with safer security and more transparent to make a country want to adopt it as a main currency, in my vision it will still need 20 years or more to make it world wide.
Many of the things mentioned by OP are happening right now. as to Bitcoin replacing banks, that is slowly making true but not yet on the level that banks are getting worried. Instead, what is happening is that banks are adopting by also joining the bandwagon. So it is quite possible that instead of banks as the enemy to topple by Bitcoin they can be so friendly with each other as banks go where the money is just like sharks going where they can smell the blood and in this case the possible profits that can be made. I can see that soon we might have a bank called as The Bitcoin Bank.
Some I can agree others I will reject. Because as the other said, banks will choose to adopt the revolution of the crypto industry instead of totally rejecting it. About using it as a means of payment for transportation, I think that would be possible since we already know about the Pyagyo in India accepting BTC as payment. Other means of transportation will follow when they see the growth of others.
The future is here already whether anyone likes it or not. Whether they accept it or not, these changes will happen. Very soon paper money would be no more and all that would exist is electronic money. Bitcoin is the future of Cryptocurrency, it's better for the world to accept it sooner than later.
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•Bitcoin replacing Banks.
Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;
•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
1. Not going to happen. The best we can see is that banks accepting bitcoins and making it a part of their system (in a centralized way unfortunately).•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
2. Inevitable. But that doesn't mean that they will completely replace man-power. Someone will still have to look after those Robotic system.
3. Don't think so.
4. You mean online bookstores? Or physical stores? If it's the latter, then no they won't. Physical stores will still exist.
5. Hotels will never be replaced. Maybe we will see an integration between hotels and AirBnb. There are hotels that provide facilities that airbnb can't provide.
Bitcoin replacing Banks.
Bitcoin is a currency while banks a business. Using Bitcoin doesn't mean you've got rid the need for banks. If it someday becomes the global reserve currency, at that very moment you'll notice how will the banks adapt with it.The only thing Bitcoin replaces is one job of the banks; the need for a financial institution to process the online transactions.
Being engrossed in the present, I think a lot have failed and refused to envisaged, or envision the future such as viz ;
•Bitcoin replacing Banks.
~snip~
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
•Bitcoin replacing Banks.
~snip~
I feel they simply don't like all of this and are intimidated by the future, do you think so likewise ?
Note that we are truly still in the early stage, some people might already be heard about Bitcoin, but I'm sure they haven't yet comprehended the truest potency Bitcoin could offer. I might say they are not intimidated by the future, but they still figuring it out about cryptocurrencies spaces in general especially Bitcoin.
Nevertheless, I do also believe Bitcoin will not replace banks. People are accustomed to that it either one or another, but honestly, I don't think the world behaved that way, at the very least it is okay that Bitcoin and bank will both exists. It's not "or" but "and".
I would agree with you except about Bitcoin replacing banks in the future. I don't expect such thing to happen in the near or far future. You shouldn't intermingle Bitcoin with Blockchain. Bitcoin can't technically replace banks as they are completely different things. If you said cryptocurrency exchanges or Blockchain, then I would understand you. Because Blockchain is the future technology and its potential is big enough to replace many traditional systems.
•Bitcoin replacing Banks.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
•Robotics replacing Man-power.
•Uber replacing Taxi's.
•Amazon replacing Bookstores.
•AirBnB replacing Hotels.
You can't make an argument that Bitcoin will replace banks simply because history has examples of newer paradigms replacing older ones. You need to show how exactly this will happen and also why it will happen. And you also need to consider what banks and governments can do to stop it.
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•Bitcoin replacing Banks.
Human are so wise and love to discover new things that are beneficial to humanity. Therefore, we can assume more development and renovation that will come from digital world. Traditional ways of transaction may be change totally in the future once everybody will be engage into digital aspect like investment in cryptocurrencies, payment through cryptocurrencies and so on.
Most times the future is predictable, but when it comes to technology, man is always inaccurate in predicting technological advancement.
For instance; in the transportation industry, we all predicted that by now we will have flying cars, but am not sure it's fast coming.
Don't be surprised that an altcoin can dethrone the king in the future. Technology always take us by surprise.
As for Bitcoin replacing fiat(not banks); when we talk Bitcoin we talk fiat, when we talk banks we talk exchanges.
Some technologies augment another and not replace it.
In as much as we cannot predict that dollar will replace pounds, we should also not predict that Bitcoin will replace fiat. They can co-exist as long as they exist.
For instance; in the transportation industry, we all predicted that by now we will have flying cars, but am not sure it's fast coming.
Don't be surprised that an altcoin can dethrone the king in the future. Technology always take us by surprise.
As for Bitcoin replacing fiat(not banks); when we talk Bitcoin we talk fiat, when we talk banks we talk exchanges.
Some technologies augment another and not replace it.
In as much as we cannot predict that dollar will replace pounds, we should also not predict that Bitcoin will replace fiat. They can co-exist as long as they exist.
Give it a decade or two and the general perception towards change and advancements on technology will change. There are still a lot of boomers and people who lived during the olden times wherein these tech that we have isn’t even available or quite unheard of. Not that we are engrossed too much in the present, it’s just that change is just hard to accept especially if it’s happening almost quite instantly. I know sooner or later, the society will learn to accept these things and move on, as change is inevitable and they will see the benefits later on of what these changes are about.
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