Topic: The Future Of Bitcoin Changing The World - page 2. (Read 1633 times)
for now i didn't see that Bitcoin has change the world but it does only in particular countries and might be in the future bitcoin would do it but currently bitcoin doesn't any effect for economy sides in my country and may be because not all people in my country can take benefit and using bitcoin
I don't see BTC changing the world in the near future. It would take at least 5% of the population in any given country to change things. If Saudi Arabia says it wants to sell its oil for BTC, that would change the world, but this isn't going to happen.
it would change the world if Saudi Arabia would sell the oil. but I think bitcoin only can change not too many aspects of life. at least if affects some countries.
bitcoin has been growing so much and a lot of countries we can see that they are getting more and more interested in bitcoin each day and they are accepting bitcoin but i don't think bitcoin is going to change the financial system and banks that much, they are so powerful to change.
There is no any doubt to change the world, its chenging I think we can see that with in 2000. World is going to be change by Bitcoin. all the paper and printed money will disappear by Bitcoin.
I think yes it can change the world a little bit but i think still the same as now.. maybe in the future we will see hi tech machines in the future that uses bitcoin.. honestly its not the best bitcoin to choose if you are paying in gasoline station cellphones are not allowed.. it may cause explosive..
That's right Bitcoin is still not very convenient when it comes to peer-to-peer transactions when paying sometimes for goods and services in the real world but a very easy way around this is to buy gift cards prior to going shopping in supermarkets or gas stations or restaurants etc. It's a common thing to exchange Bitcoin for gift cards in fiat because not all offline businesses accept Bitcoin as a payment method yet. But hopefully in the future Bitcoin will gain more traction and will become mainstream to the point where people could directly pay with it without the need to convert it to other payment methods. Anyways Bitcoin undoubtedly has the potential to change the financial world.
Liberate yourself from Hell 
I think yes it can change the world a little bit but i think still the same as now.. maybe in the future we will see hi tech machines in the future that uses bitcoin.. honestly its not the best bitcoin to choose if you are paying in gasoline station cellphones are not allowed.. it may cause explosive..
That's right Bitcoin is still not very convenient when it comes to peer-to-peer transactions when paying sometimes for goods and services in the real world but a very easy way around this is to buy gift cards prior to going shopping in supermarkets or gas stations or restaurants etc. It's a common thing to exchange Bitcoin for gift cards in fiat because not all offline businesses accept Bitcoin as a payment method yet. But hopefully in the future Bitcoin will gain more traction and will become mainstream to the point where people could directly pay with it without the need to convert it to other payment methods. Anyways Bitcoin undoubtedly has the potential to change the financial world.
I think yes it can change the world a little bit but i think still the same as now.. maybe in the future we will see hi tech machines in the future that uses bitcoin.. honestly its not the best bitcoin to choose if you are paying in gasoline station cellphones are not allowed.. it may cause explosive..
That's right Bitcoin is still not very convenient when it comes to peer-to-peer transactions when paying sometimes for goods and services in the real world but a very easy way around this is to buy gift cards prior to going shopping in supermarkets or gas stations or restaurants etc. It's a common thing to exchange Bitcoin for gift cards in fiat because not all offline businesses accept Bitcoin as a payment method yet. But hopefully in the future Bitcoin will gain more traction and will become mainstream to the point where people could directly pay with it without the need to convert it to other payment methods. Anyways Bitcoin undoubtedly has the potential to change the financial world.
In a crisis Bitcoin becomes a good alternative to fiat. When banks start going bankrupt again Bitcoin usage those countries will increase massively. Bitcoin atms and Bitcoin Paying technology will rapidly spread out, and once the infrastructure is in place people will continue using it after a crisis is over.
Bank turning to bankruptcy is not the ways banks are today. That kind of bank is really a crap. There are lots of banks per country who really established a good and stable financial institution. In the first place why choose a bank that doesn't stand for really a long time.
A lot of the good and stable financial institution banks went bankrupt during the last recession and had to be bailed out by governments. Since then the governments changed the rules of what a bank could do if it went bankrupt. From now on banks are allowed to bail themselves out with customer's money. They call the new system a bail in.
Can you show here if the numbers or stats really that interesting to be preferred that bank turning to a bankrupt really always on hand today? We will proceed if you show some good numbers.
The new rules for EU banks say no bankrupt bank can have any government bail out money until it has paid 8% of its debts with customer's money. Between October 2008 and 2012 the EU paid out 592 billion euros to bail out bankrupt banks. The EU decided it couldn't afford to do that again, and to force banks to bail themselves out with customer's money in the future.
http://blogs.reuters.com/hugo-dixon/2016/01/04/eu-enters-brave-new-world-of-bank-bail-ins/
Quote
The European Union entered a brave new world of bank “bail-ins” at the start of 2016. Europe has wasted so much taxpayers’ money on bailing out bust banks in recent years that it is right to try to get investors to help foot the bills in future. However, the tough new regime carries big political risks.
The key new rule is that no bank can be bailed out with public money until creditors accounting for at least 8 percent of the lender’s liabilities have stumped up. So-called bail-ins typically mean wiping out creditors’ investments, slashing their value or converting them into shares in the bank. Uninsured depositors could get caught along with professional investors.
Moreover, within the euro zone, national authorities will no longer be responsible for dealing with bust banks as this job has just been transferred to the new Single Resolution Mechanism.
During the global financial crisis, bailouts were the normal way of shoring up bust banks. The European Commission approved 592 billion euros of state aid to lenders between October 2008 and the end of 2012. This was justified on the grounds that if banks collapsed and depositors lost their money there would be economic chaos.
The key new rule is that no bank can be bailed out with public money until creditors accounting for at least 8 percent of the lender’s liabilities have stumped up. So-called bail-ins typically mean wiping out creditors’ investments, slashing their value or converting them into shares in the bank. Uninsured depositors could get caught along with professional investors.
Moreover, within the euro zone, national authorities will no longer be responsible for dealing with bust banks as this job has just been transferred to the new Single Resolution Mechanism.
During the global financial crisis, bailouts were the normal way of shoring up bust banks. The European Commission approved 592 billion euros of state aid to lenders between October 2008 and the end of 2012. This was justified on the grounds that if banks collapsed and depositors lost their money there would be economic chaos.
Thanks. Interesting article.
In general it's only applied to a certain region and not as a whole.
Based on that, some of EU banks suffers a serious problem. The root of it hasn't been established nor presented by publicity.
Let's go back now in my post:
Bank turning to bankruptcy is not the ways banks are today. That kind of bank is really a crap. There are lots of banks per country who really established a good and stable financial institution. In the first place why choose a bank that doesn't stand for really a long time.
In this Im talking as a whole. It won't affect other banks as well in other countries since based on my understanding, it was linked to region's economical status. The said news is about "self" problems in that region alone.
But interesting news there.
the future of bitcoin is really changing the world. people are taking interst in bitcoin alot. they are investing their flat currency. i think people are getting confidence now. they are investing their money in bitcoin. the rate is gradually increasing. people are now accepting bircoin for exchange of money. some shopes are also accepting bitcoin in thier shops.
With blokchain system instead trusted to manage money to politicians and bankers, and we give him mathematics and computer calculations. So excludes theft, corruption, and similar financial crimes.
Politicians and heads of banks can negotiate behind closed doors, and the changes in the protocol Bitcoin developers are always visible and in general everyone. Openness!
The ability to pay for goods and services in any country. Bitcoin will bring long-awaited update banking systems of the 20th century
Politicians and heads of banks can negotiate behind closed doors, and the changes in the protocol Bitcoin developers are always visible and in general everyone. Openness!
The ability to pay for goods and services in any country. Bitcoin will bring long-awaited update banking systems of the 20th century
The bitcoin will change some things but I do not think it will take over the world, there are just so much currency's these days.
I think the bitcoin will not succeed in this but never say never of course.
I think the bitcoin will not succeed in this but never say never of course.
A company from China has already integrated and placed multiple bitcoin atm's in their country.
Steam has already adopted the use of Bitcoins as a form of payment.
Some merchants/shops in here are accepting bitcoins as payment, although there's quite a rare amount of them because they're only on experimental stage.
Steam has already adopted the use of Bitcoins as a form of payment.
Some merchants/shops in here are accepting bitcoins as payment, although there's quite a rare amount of them because they're only on experimental stage.
Bitcoin has already changed the world and it is going to continue to change the world....The question is: to what degree will the world be changed and at what rate will that change take place? The community has the ultimate control of bitcoin's destiny and it is up to us to recruit adopters....We need to make bitcoin appealing to the merchants before they will include it in their marketing platforms. When we shop we need to introduce the technology to our merchants. It's that easy if we all do our parts.
The way i see it, Bitcoin is going to change a lot of things. With Bitcoin, the economy of some countries is changing for the better. Some countries with high inflation rates can just invest heavily in technology (bitcoin atm's , Bitcoin Paying technology available at Supermarkets, Gas Stations etc )
Bitcoin can change the world, if the politicians can put their hidden agendas aside and make decisions with their own heads and not the master paying them. Bitcoin will also succeed if people can
recognize it's advantages over fiat currencies and other online payment options. We can do our best to grow adoption, but if shills keeps on spreading shitty rumours and we do nothing about it, it will
fail. When these people spread this misinformation, just go all out and debunk whatever they said, with facts.
In a crisis Bitcoin becomes a good alternative to fiat. When banks start going bankrupt again Bitcoin usage those countries will increase massively. Bitcoin atms and Bitcoin Paying technology will rapidly spread out, and once the infrastructure is in place people will continue using it after a crisis is over.
Bank turning to bankruptcy is not the ways banks are today. That kind of bank is really a crap. There are lots of banks per country who really established a good and stable financial institution. In the first place why choose a bank that doesn't stand for really a long time.
A lot of the good and stable financial institution banks went bankrupt during the last recession and had to be bailed out by governments. Since then the governments changed the rules of what a bank could do if it went bankrupt. From now on banks are allowed to bail themselves out with customer's money. They call the new system a bail in.
Can you show here if the numbers or stats really that interesting to be preferred that bank turning to a bankrupt really always on hand today? We will proceed if you show some good numbers.
The new rules for EU banks say no bankrupt bank can have any government bail out money until it has paid 8% of its debts with customer's money. Between October 2008 and 2012 the EU paid out 592 billion euros to bail out bankrupt banks. The EU decided it couldn't afford to do that again, and to force banks to bail themselves out with customer's money in the future.
http://blogs.reuters.com/hugo-dixon/2016/01/04/eu-enters-brave-new-world-of-bank-bail-ins/
Quote
The European Union entered a brave new world of bank “bail-ins” at the start of 2016. Europe has wasted so much taxpayers’ money on bailing out bust banks in recent years that it is right to try to get investors to help foot the bills in future. However, the tough new regime carries big political risks.
The key new rule is that no bank can be bailed out with public money until creditors accounting for at least 8 percent of the lender’s liabilities have stumped up. So-called bail-ins typically mean wiping out creditors’ investments, slashing their value or converting them into shares in the bank. Uninsured depositors could get caught along with professional investors.
Moreover, within the euro zone, national authorities will no longer be responsible for dealing with bust banks as this job has just been transferred to the new Single Resolution Mechanism.
During the global financial crisis, bailouts were the normal way of shoring up bust banks. The European Commission approved 592 billion euros of state aid to lenders between October 2008 and the end of 2012. This was justified on the grounds that if banks collapsed and depositors lost their money there would be economic chaos.
The key new rule is that no bank can be bailed out with public money until creditors accounting for at least 8 percent of the lender’s liabilities have stumped up. So-called bail-ins typically mean wiping out creditors’ investments, slashing their value or converting them into shares in the bank. Uninsured depositors could get caught along with professional investors.
Moreover, within the euro zone, national authorities will no longer be responsible for dealing with bust banks as this job has just been transferred to the new Single Resolution Mechanism.
During the global financial crisis, bailouts were the normal way of shoring up bust banks. The European Commission approved 592 billion euros of state aid to lenders between October 2008 and the end of 2012. This was justified on the grounds that if banks collapsed and depositors lost their money there would be economic chaos.
Bitcoin has really created a positive impact in the minds of its users as its helping us in many ways and we will see the best bitcoin in future for sure.
In a crisis Bitcoin becomes a good alternative to fiat. When banks start going bankrupt again Bitcoin usage those countries will increase massively. Bitcoin atms and Bitcoin Paying technology will rapidly spread out, and once the infrastructure is in place people will continue using it after a crisis is over.
Bank turning to bankruptcy is not the ways banks are today. That kind of bank is really a crap. There are lots of banks per country who really established a good and stable financial institution. In the first place why choose a bank that doesn't stand for really a long time.
A lot of the good and stable financial institution banks went bankrupt during the last recession and had to be bailed out by governments. Since then the governments changed the rules of what a bank could do if it went bankrupt. From now on banks are allowed to bail themselves out with customer's money. They call the new system a bail in.
Can you show here if the numbers or stats really that interesting to be preferred that bank turning to a bankrupt really always on hand today? We will proceed if you show some good numbers.
Yes , its already happening a lot of things change by bitcoins in terms of this earning online without a taxes . Saves energy bitcoin mining conserves energy and there's a thing that bitcoins can save us from world war III.
In a crisis Bitcoin becomes a good alternative to fiat. When banks start going bankrupt again Bitcoin usage those countries will increase massively. Bitcoin atms and Bitcoin Paying technology will rapidly spread out, and once the infrastructure is in place people will continue using it after a crisis is over.
Bank turning to bankruptcy is not the ways banks are today. That kind of bank is really a crap. There are lots of banks per country who really established a good and stable financial institution. In the first place why choose a bank that doesn't stand for really a long time.
A lot of the good and stable financial institution banks went bankrupt during the last recession and had to be bailed out by governments. Since then the governments changed the rules of what a bank could do if it went bankrupt. From now on banks are allowed to bail themselves out with customer's money. They call the new system a bail in.
I think yes it can change the world a little bit but i think still the same as now.. maybe in the future we will see hi tech machines in the future that uses bitcoin.. honestly its not the best bitcoin to choose if you are paying in gasoline station cellphones are not allowed.. it may cause explosive..
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