Bitcoin - New kid on the block
There is no doubt that the banks are among the factors that can change the face of Blockkin technology.
The purpose of the technology is to appeal to the "Middle Man" whether it is a credit company, a bank, or any entity that "cuts a coupon" on transactions or transfer of funds.
The Blockchine infrastructure is capable of solving many problems, but at the same time it explained that we are currently in its infancy, and the types of applications that are possible for development are endless.
It seems that the banks can not ignore the phenomenon, and it is very intriguing to see how the banks will behave in the coming years in this field.
With the growth of blockbain, there are still quite a few barriers.
Currently, the world is waiting for the US regulatory response because it is perceived as the leader of world markets. There are countries that fear that the blockachine area may shake the thresholds enough to create a real financial crisis, and therefore not all agree to enter the field.
There is a problem with the scope of possible transactions in the field.
The biggest challenge for the Blockcane community at the moment is how to make more deals take place in less time.
One of the questions that people occupy in the blockachine area is: Will the Bitcoin come up?
If we look at the Blockkin in the eyes of people from the old economy, we can understand all the fears from the field and the prophets of rage, but if we weigh the technological understanding and assessments of the Bitcoin world,
That we have not yet seen the end.
One of the main factors that may affect the adoption of blockbain domain is, of course, users.
If you talked to an acquaintance or colleague about the cryptographic currency field, you have probably noticed that some of them are still afraid of the field and are afraid to enter it.
If you ask entrepreneur Moshe Hogag, the founder and chairman of Singulariteam, there is a good reason: the user experience of anyone who wants to enter the field is catastrophic.
A terrible experience, if we do not improve the user experience, it will take years for Blockchen to recover.
We need to perform the conversion of the Token behind the scenes.
The user should not know. It seems that the end-user domain blockachine should not be interested in itself, but only its value.
The consumer should get "the same apartment on Airbnb, but at a lower price."
With regard to forecasts of the price of the Bitcoin, I believe that it is precisely his limitations today that indicate that he is about to grow further.
If you can now only perform 15 transactions per second, this is not a product for the masses, and you need to take care of the Bitcoin scale problem, and we are not there yet.
There are big minds working on it, and they'll fix it, and then the Bitcoin will jump.
Working with the bank has a conflict of interests: I want to pay as little as possible, and the bank wants me to pay as much as possible because it is a profit organization.
The second problem is that the bank has become a "policeman" of the government, while Bitcoin is not a policeman of no one and there are conflicts of interest, but only a computer that works and connects people.
The cheese begins to move, and the commissions that were gone.
There will be banks in 10 years because only they know to give credit ...
but they will change dramatically.
A topic that bothers many in the Blockkin industry in general and the cryptographic coins in particular is whether the market is actually a "bubble".
Perhaps there is no "bubble", only wild speculation, because it is impossible to know where Bitcoin or Etherium will be in the economic system of the future: it is not a product that competes in the retail market.
It's a product that competes with money itself.
There is no precedent for this except for the printing revolution in which banks realized they could print their own money.
The potential for his taste, is infinite. This is a future in which each company can create its own economy by issuing a personal currency that gives the customer a certain value (such as a monetary discount) and will cause customers to prefer to pay in that currency, and as a result the currency itself will grow and this internal economy will expand.
@nirgf