1. No, the banking system won't be miserable. I have been into the belief that crypto or mainly Bitcoin is going to change the whole system and replace it. But I don't think that the government will allow that to happen, remember that they still have the laws and regulations on their hands and they understand that even without them, this community will go on and will have Bitcoin as a payment system but this time, more of an asset.

2. Well, unemployed people given that they don't have much financial things then it is for sure that they'll have problems related to it and as it dominates with other problems to occur. And I don't see the connection of it ever dominating or not the world as this problem has existed before even BTC existed.

3. Not a curse but for sure they're going to look at it as something that they dislike and the only thing they can do is to learn and adopt it so they do not get left behind.

4. It's easy to tell them that they can hold their own money and they're the keeper of it. The basic and common quote that everyone and platforms use is "you are your own bank".

Whatever work we do must be decided considering the current and future conditions of that work. Without proper knowledge about any job a person can face big problems in future with any job.  

All of us who are involved with Bitcoin have enough knowledge and understanding about Bitcoin. We have been involved with Bitcoin for a long time and by now we have a fairly good understanding of Bitcoin and its price movement. In addition to having a good understanding of the current state of Bitcoin, we also have a good idea of how Bitcoin will affect people in the future.
For those who think that Bitcoin can destroy the economic system of a country, I want to say that El Salvador has accepted Bitcoin as a legal document in their country. As their countries adopt Bitcoin, they are making more long-term plans with Bitcoin, and every year we see them moving forward to implement new plans.Whatever you say about Bitcoin, I want to say about Bitcoin that Bitcoin has eliminated the unemployment of millions of people. When you are unemployed after graduation society will talk bad about you instead of helping you and when you are starving with your family and no one will give you one meal I don't see anything wrong if I can earn money with Bitcoin.

In the region where I live, many boys are unemployed even after completing the highest education in the country, but after finding no job, they finally chose bitcoin, bitcoin investment, trading as their profession and now they are very happy and financially stable. They are in front of my eyes, I don't need to see anything else. All I will say is that Bitcoin will become one of the most popular currencies in the world at some point, even if it's a bit late, and I look forward to that day.

With the knowledge I have so far, I don't think that fiat will be abolished totally even though Bitcoin is adopted worldwide, as of now bitcoin remains a digital currency, the meaning of this is that, we can only see the figure and not feel it physically, if we must make use the figure, we have to convert it to fiat unless we are purchasing stuffs from dealers that accept Bitcoin as a means of payment.
There are people that are helpless in terms of the banking sector charges but those people still prefer banks because they don't believe that crypto is real, they see bitcoin as a scam without proper knowledge or information about the said currency, even though there is mass adoption today, some people will still continue to go the traditional banking way and I see this as a normal stuff, you don't force people to believe in what they do want.

To put it bluntly, the possibility of cryptocurrency taking over fiat will never happen, it will only happen when the government is no longer the leader and controller of this world. But if that happens, our world will collapse, the world cannot exist without leaders. As long as governments exist, they will use fiat currency or whatever they control, they will never allow bitcoin or any other decentralized currency to take the place of fiat. Furthermore, bitcoin was not created to take over or completely replace fiat, it is just an alternative.

Whilst I understand we, as a community, tend to overestimate the innovative and disruptive power of Bitcoin and blockchain technology in general I have a completely different view on whatthe future changes to social and economic enviromment that Bitcoin ( to cut it short, meaning with it all the innovation blockchain technologies are bringing) can cause.
I think "we" will always be just one niche or maybe a sector af the overall economic movement : there will always be industry , part of which will benefit, and are already benefiting of blockchain techs, traditional finance world that will do whatever is in ther possibility to keep their leadership with the help of govermennts and supragovernmental organizations, entertainment industry, stports , travels foods and moltitude of other activities that I can't even imagine right now that will keep on beeing needed  and will continue to exist despite how great the advent and affirmation of blockchain technologies will be.

First of all, this would never happen so the problems you raise wouldn't happen either. As others have answered, I am also a crypto investor but I am not too optimistic that cryptocurrencies and bitcoin can dominate the world and completely replace fiat currencies. Cryptocurrency is attracting a lot of attention in the world because of the hype and innovation it brings. But that doesn't mean it will become huge and out of government control to dominate this world . After all, cryptocurrency is just a financial market that will also be regulated by governments and financial authorities.

  The only thing permanent is change, mere things will continue to evolve/undergo changes, we are currently seeing the change in the automotive industry where cars are running with batteries not longer gas. This still fall under the change the world is currently experiencing. The financial sector wouldn’t be left out Bitcoin is seen as the future of the financial institutions if it’s finally gets adopted by the government. The many benefits of bitcoin, even makes it difficult for the government to get rid of it because among their cabal they still have people who still own bitcoin. Bitcoin is going mainstream and it’s awareness as be made publicly for the world to see. It will be really hard for the government to scrape it off. Bitcoin can only go if we the people don’t buy to it. But as long as we the people agree to and accept it is here to stay.
   Investors are moving to Bitcoin because of its decentralization and its potential impact it has to  the market. A lot of seminars and conferences have been held in favor of bitcoin so that people may have insight about what’s going on the space.  Some public functions are now paying using  bitcoin, personally I don’t see bitcoin or cryptocurrency being cancelled. Because of it high in demand plus being one of the most talked about projects for the past years now it’s makes it hard for government to sweep it under the carpet.

You are making some pretty bold statements DanWalker.

You are suggesting that if governments cannot control money, then they have no purpose in existing, so the world as we know it cannot exist, and it seems to me that you are presuming too much in regards to governments having to be in control of money otherwise they cannot do their jobs of representing people or whatever it is that they are supposed to be doing versus what they actually do.

Personally, I believe that government can still exist without being in charge of printing and/or debasing the money, as seems to be their current and even historical practices, even maybe there had been times in which they debased it less or maybe sometimes they did not intend to debase the money, but it just happened as part of the process.. so maybe some of the spiraling debt system pickle that various governments are currently in was not completely their fault or intentional at all times, but many of us should recognize and appreciate that they are in a really shitty situation, even though maybe they can continue to prop up the current system for another 10-20 or even 50 years, but it seems that bitcoin provides a better system, in which it would be best to try to transition into whether we are talking on the individual level, institutions and/or governments.

Once governments transition into bitcoin, they will likely find themselves having different parameters and having to set up new ways of dealing with and interacting with people... and I don't claim  to know how the various systems are going to evolve, but I am surely not going to presume that government and bitcoin cannot exist in some kind of comfortable and/or stable state at the same time.

Disagreed, it might happen, but it's still far from happening. You see, all that's happening right now in the world is banking. The banking system is the main reason why there's budgets for every country, why most businesses are running, and many things rely on banking. So in short, the banking system cannot be replaced. Don't get me wrong, I want bitcoin to be in the main stream, but consider, of course, the other things connected to it, for example, banking.


There's a process or right transition for everything. You only think about the negative side of bitcoin being the main stream or adopted; of course, before transitioning to crypto currency, there's a proper way for that. It can't be in an instant because, of course, it will create chaos and disorder. So before thinking of anything, think about how bitcoin will slowly but surely be adopted. There's a right process and step for everything.