Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Bank will stay, but cryptocurrency will be more dominant in the future. Its hard to kill a multi-billion company, they will also adopt for sure and it can be a better banking system in the future. We have to be focus on helping cryptocurrency to succeed for a more better future, we should not let anyone to destroy this market. 
Topic: Banks against the crypto - page 12. (Read 12007 times)
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
It's difficult to completely vanish the banking system but not impossible at all.
The banking system have strong roots in our economic system of world, and cryptos are too young so it will take some time to transfer financial power from banks towards cryptocurrencies.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
all possibilities can happen and no one can ensure that in my opinion the bank will not lose the possibility that in the future technology obtained from crypto currency will be adopted by the bank No matter how quickly and strongly the cryptocurrency develops, banks will not go anywhere and will live for a very long time. If the day comes when people will start to pay in cryptocurrencies, the real money in any case will not disappear and will continue to exist together with the cryptocurrency.
In addition, most likely in most countries, the crypto currency will not be allowed as it causes damage to the economies of countries. If the money will no longer pass through banks, government agencies will lose a decent amount and it is not profitable for them. So we won't be left without banks anyway.
I agree.Even if mass adoption for crypto will take place,i think banks will still remain.There are still a lot of people particularly the old ones who still prefer to use banks in storing their money than crypto.And crypto is not really made to replace banks.It only serves as an another option aside from fiat currency so they can be as well work together to serve the people.In addition, most likely in most countries, the crypto currency will not be allowed as it causes damage to the economies of countries. If the money will no longer pass through banks, government agencies will lose a decent amount and it is not profitable for them. So we won't be left without banks anyway.
Well it may change in time that's for sure. Eventually the old ones who are not open to change wi be replaced by newer generations that have been exposed to crypto already. I guess that's how transition will be. So in case crypto overtakes banks, it'll probably be on 2 or 3 generations.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Banks avoids getting loss because of bitcoin. They are against Crypto because it is not unstable where in they will get loss or get benefits. In our country banks are always against cryptocurrency when it comes creating bank account but we can use to wothdraw our cryptocurrency through banks by the use of our mobile wallet the coins.ph. I visited a bank last week and tried to create an account and they asked what is it for and what kind of source do I'll use for depositing and I answered It is for cryptocurrency then they denied my creation immediately because they don't accept cryptocurrency as a deposit.less fees and almost instant transactions which in result would affect the profitability of banking sector thats why they do attack Bitcoin and other cryptos
due to that reason.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Banks avoids getting loss because of bitcoin. They are against Crypto because it is not unstable where in they will get loss or get benefits. In our country banks are always against cryptocurrency when it comes creating bank account but we can use to wothdraw our cryptocurrency through banks by the use of our mobile wallet the coins.ph. I visited a bank last week and tried to create an account and they asked what is it for and what kind of source do I'll use for depositing and I answered It is for cryptocurrency then they denied my creation immediately because they don't accept cryptocurrency as a deposit. 
No matter how quickly and strongly the cryptocurrency develops, banks will not go anywhere and will live for a very long time. If the day comes when people will start to pay in cryptocurrencies, the real money in any case will not disappear and will continue to exist together with the cryptocurrency.
In addition, most likely in most countries, the crypto currency will not be allowed as it causes damage to the economies of countries. If the money will no longer pass through banks, government agencies will lose a decent amount and it is not profitable for them. So we won't be left without banks anyway.
I agree.Even if mass adoption for crypto will take place,i think banks will still remain.There are still a lot of people particularly the old ones who still prefer to use banks in storing their money than crypto.And crypto is not really made to replace banks.It only serves as an another option aside from fiat currency so they can be as well work together to serve the people. In addition, most likely in most countries, the crypto currency will not be allowed as it causes damage to the economies of countries. If the money will no longer pass through banks, government agencies will lose a decent amount and it is not profitable for them. So we won't be left without banks anyway.
I do not believe that they can dethrone the banks, simply because in the world the security standards in the economy are managed under insurance, that is, economies that are supported, either by gold or by any precious metal that has worldwide validity.
The bitcoin represents risk economists, can not establish securities or simply can not control it, this is something they do not recommend, that is why the bank will not accept bitcoin completely, because it is not a supported currency, because it does not have liquidity, only survives because of the immense demand and supply.
Although Bitcoin represents financial freedom, banks will always prefer that people have to limit their profits and that they are assigned how much money they have to manage, with bitcoin you can manage large volumes of money without anyone controlling the movements.
However, the time will come for people to feel that FIAT money will not be as useful as cryptocurrency and little by little they will move on to technology, but that is little by little, in the very long term.
The bitcoin represents risk economists, can not establish securities or simply can not control it, this is something they do not recommend, that is why the bank will not accept bitcoin completely, because it is not a supported currency, because it does not have liquidity, only survives because of the immense demand and supply.
Although Bitcoin represents financial freedom, banks will always prefer that people have to limit their profits and that they are assigned how much money they have to manage, with bitcoin you can manage large volumes of money without anyone controlling the movements.
However, the time will come for people to feel that FIAT money will not be as useful as cryptocurrency and little by little they will move on to technology, but that is little by little, in the very long term.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
the point that you are mentioned in second point will be apt for currency because cryptocurrencies are not against anything and banks also not against the cryptocurrency we need some adjustments if it happens then all the things are going very properly it will be very good for the future also.
No matter how quickly and strongly the cryptocurrency develops, banks will not go anywhere and will live for a very long time. If the day comes when people will start to pay in cryptocurrencies, the real money in any case will not disappear and will continue to exist together with the cryptocurrency.
In addition, most likely in most countries, the crypto currency will not be allowed as it causes damage to the economies of countries. If the money will no longer pass through banks, government agencies will lose a decent amount and it is not profitable for them. So we won't be left without banks anyway.
In addition, most likely in most countries, the crypto currency will not be allowed as it causes damage to the economies of countries. If the money will no longer pass through banks, government agencies will lose a decent amount and it is not profitable for them. So we won't be left without banks anyway.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Banks will certainly adapt to the changing situation. They are already working on solutions that are beneficial for them. I do not think that cryptocurrencies could lead to the disappearance of banks. They are too small a part of global economy to threaten the importance of banks.
This is how banks were able to beat gold and put their fiat in its place, people were unable to secure their gold and then banks offered to keep their coins safe for them and then they began to use fractional reserve banking to increase their profits, if we really want things to change we need to take responsibility of our coins and store them safely ourselves especially since hardware wallets are so cheap, but I do not have high hopes this will happen and so banks will try fractional reserve banking with bitcoin once people give up control of their bitcoins to them.
We have no reason to give our bitcoins for the banks to keep,if we are doing that means there is no means for decentralization here.Everything will change,so people also may get changed in the future if we want to be their banks rather than trusting a third party and giving them opportunity to make money for themselves.
Believe me I would like to believe in the people and I would like they relied on themselves to store their coins but they will take the easiest solution available to them which will be to delegate the control and responsibility of their coins to someone else.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
Banks will certainly adapt to the changing situation. They are already working on solutions that are beneficial for them. I do not think that cryptocurrencies could lead to the disappearance of banks. They are too small a part of global economy to threaten the importance of banks.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
the point that you are mentioned in second point will be apt for currency because cryptocurrencies are not against anything and banks also not against the cryptocurrency we need some adjustments if it happens then all the things are going very properly it will be very good for the future also.With that, we are all obliged to follow the rules, otherwise we will face the consequences, crypto is good because it introduce blockchain to the world and if banks are against crypto, they would have not use the blockchain or adopt with crypto.
I'm we can see some news that some banks have allience with some coins in the market, for example, a bank have alliance with XRP and ETH.
Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?
the point that you are mentioned in second point will be apt for currency because cryptocurrencies are not against anything and banks also not against the cryptocurrency we need some adjustments if it happens then all the things are going very properly it will be very good for the future also. no, it will never happen there are still many people who really trust banks as a safe place compared to cryptocurrencies.
I am sure that the bank will never be defeated by the cryptocurrency.
I am not agree with you because there are people in the modern age world who are spreading crypto currency faster day by day, and the reality is crypto currency has more value and importance than bank system it is safe to keep our money in crypto currency it rises and makes profit, but storing money in bank is only waste of opportunity.I am sure that the bank will never be defeated by the cryptocurrency.
I lost trust in banks and I`m close to a 40 years. Many younger people already hate banks, older population
trust in banks a lot. Now I find that Blockchain is much more trustworthy than any bank in the world.
Young generations see what banks are doing. They wish to be a bank for themselves. That is what Blockchain
can provide.
The bankers are worried that the rate at which crypto market is growing will have a serious impact on their operation and many banks have banned their customers from purchasing cryptocurrency with their credit cards. cryptocurrencies are rapidly growing and using of blockchain many banks Now are investing in cryptocurrencies.
Banks are afraid that their fortune will decrease if all bank customers switch to using crypto money, because crypto is a transaction system that is peer to peer so it does not use bank services.Therefore they will protect their business systems so that they can hamper the progress of the crypto that is progressing because they are aware that crypto is very dangerous for banks in the future.
no, it will never happen there are still many people who really trust banks as a safe place compared to cryptocurrencies.
I am sure that the bank will never be defeated by the cryptocurrency.
I am not agree with you because there are people in the modern age world who are spreading crypto currency faster day by day, and the reality is crypto currency has more value and importance than bank system it is safe to keep our money in crypto currency it rises and makes profit, but storing money in bank is only waste of opportunity.I am sure that the bank will never be defeated by the cryptocurrency.
I lost trust in banks and I`m close to a 40 years. Many younger people already hate banks, older population
trust in banks a lot. Now I find that Blockchain is much more trustworthy than any bank in the world.
Young generations see what banks are doing. They wish to be a bank for themselves. That is what Blockchain
can provide.
no, it will never happen there are still many people who really trust banks as a safe place compared to cryptocurrencies.
I am sure that the bank will never be defeated by the cryptocurrency.
I am not agree with you because there are people in the modern age world who are spreading crypto currency faster day by day, and the reality is crypto currency has more value and importance than bank system it is safe to keep our money in crypto currency it rises and makes profit, but storing money in bank is only waste of opportunity. I am sure that the bank will never be defeated by the cryptocurrency.
no, it will never happen there are still many people who really trust banks as a safe place compared to cryptocurrencies.
I am sure that the bank will never be defeated by the cryptocurrency.
Wide adoption of cryptocurrencies doesn't mean that we are competing into banking system or in vice versa. Of course, banks will still remains to have a big role in the community where we can rely in terms of storing our money for safe keep. I am sure that the bank will never be defeated by the cryptocurrency.
Even that, banks have also its pursuance to accept crypto as some banks are doing sponsorship to run ICO that reflected into their personal coins.
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