Quote from: aardvark15 on December 08, 2017, 08:39:39 PM

Quote from: Jabiii on December 08, 2017, 06:15:25 PM

For me it would be a good economy because it has great value and bitcoin is more convenient to use. How about you what do you think? Share your thougths.

If cryptocurrencies become more mainstream and easier to use and safe, we are going to see people using cryptocurrencies instead of banks to store their money. Not everyone will do this, but it will have an impact on the banking industry. Banks will have to evolve to keep up and of course some will go out of business.

Another thing thats going to happen is that businesses will begin to used cryptocurrencies as a method of payment. This will impact the credit card industry which is also the big banks.

We will see other impacts in the way we send money and information around the world. There will be impacts in ways that we havent thought of yet.

I imagine the world to be very technologically advanced by the time bitcoin is totally adopted. I guess an impact it would have would be that it may hurt the small enterprises and industries, unless a way were to developed for those to accept bitcoin as a payment system. Just imagine street vendors having to accept bitcoin. It's either their businesses get killed or they survive by adopting.