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Topic: Bitcoin VS bank - page 5. (Read 1764 times)

member
Activity: 308
Merit: 10
May 06, 2018, 05:47:53 PM
if the confidence will be replaced from banks to bitcoin which is a really big issue and which banks have so much potential to lose than yes bitcoin can replace the banks in world.
full member
Activity: 211
Merit: 100
May 06, 2018, 05:41:14 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

I will not agree that Bank endangered the stability of the nations economy because most of the nations economy now is very stable in which the banks are present and also i will not believed that Bitcoin will replace banks in the future as Bitcoin will not replace the paper money in which the banks are depending. This is simply because Bitcoin is just an alternative investments in which also depending on fiat that if the fiat will not acknowledge Bitcoin as investment then for sure Bitcoin will not going to become successful.

Banking system should have left by the people but it wasn't yet. We have some banking projects on blockchain too. Humaniq was one of them, Bankex and Cashaa were similar ones too if I'm not wrong. People don't want to leave banking system. And bitcoin is not a banking thing, it's only an asset. I don't understand why we mix them with each other.
full member
Activity: 364
Merit: 100
May 06, 2018, 05:09:25 PM
It's not possible for now because it's not as secure yet. But in the near future it is possible that bitcoin or other cryptos will destroy the banking system. Is not that the reason for Bitcoin's creation?
member
Activity: 420
Merit: 10
May 06, 2018, 04:55:31 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

There have been topics like this before. And I will still say, bitcoin will never replace banks and will not replace anything in this world. Bitcoin is an additional currency that has good price or value. Banks just need to adjust the way they think about crypto. Banks will comtinue to exist and will stay I think forver.
I agree with you my friend, Bitcoin has its own uniqueness in terms of value . Bitcoin cant replace banks for it is not that powerful as what we see today.
Bitcoin cannot replace banks at the moment because it has not yet gained trust of everyone and also not all of bank customers are aware of crypto currencies. Moreover, when someone first hears about bitcoin and altcoins, he does not feel like trusting it because a common person finds it difficult to believe in security of something that has no physical form. Besides, banks will start accepting crypto currencies.
Banks were the universally accepted financial management system, which is not that easy to get replaced by bitcoin or other sources. Banks lacks service and it has got few functional issues which were easily fulfilled by bitcoin. In my view banks will never go out of usage, banks will serve as the primary financial management service provider while bitcoin as well the cryptocurrency network function alternate to it.
Yes bank is work for physical business and bitcoin is work for network function but those people who are physical businessman  they can invest their money in bitcoin because it will also give them best profit and that's why they can earn much more money in bitcoin by  any ways in this currency, I think bitcoin is best than banking.
hero member
Activity: 994
Merit: 502
May 06, 2018, 04:35:00 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

There have been topics like this before. And I will still say, bitcoin will never replace banks and will not replace anything in this world. Bitcoin is an additional currency that has good price or value. Banks just need to adjust the way they think about crypto. Banks will comtinue to exist and will stay I think forver.
I agree with you my friend, Bitcoin has its own uniqueness in terms of value . Bitcoin cant replace banks for it is not that powerful as what we see today.
Bitcoin cannot replace banks at the moment because it has not yet gained trust of everyone and also not all of bank customers are aware of crypto currencies. Moreover, when someone first hears about bitcoin and altcoins, he does not feel like trusting it because a common person finds it difficult to believe in security of something that has no physical form. Besides, banks will start accepting crypto currencies.
Banks were the universally accepted financial management system, which is not that easy to get replaced by bitcoin or other sources. Banks lacks service and it has got few functional issues which were easily fulfilled by bitcoin. In my view banks will never go out of usage, banks will serve as the primary financial management service provider while bitcoin as well the cryptocurrency network function alternate to it.
sr. member
Activity: 889
Merit: 253
May 06, 2018, 04:24:17 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

There have been topics like this before. And I will still say, bitcoin will never replace banks and will not replace anything in this world. Bitcoin is an additional currency that has good price or value. Banks just need to adjust the way they think about crypto. Banks will comtinue to exist and will stay I think forver.
I agree with you my friend, Bitcoin has its own uniqueness in terms of value . Bitcoin cant replace banks for it is not that powerful as what we see today.
Bitcoin cannot replace banks at the moment because it has not yet gained trust of everyone and also not all of bank customers are aware of crypto currencies. Moreover, when someone first hears about bitcoin and altcoins, he does not feel like trusting it because a common person finds it difficult to believe in security of something that has no physical form. Besides, banks will start accepting crypto currencies.
copper member
Activity: 1162
Merit: 1025
May 06, 2018, 12:48:57 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

There have been topics like this before. And I will still say, bitcoin will never replace banks and will not replace anything in this world. Bitcoin is an additional currency that has good price or value. Banks just need to adjust the way they think about crypto. Banks will comtinue to exist and will stay I think forver.
I agree with you my friend, Bitcoin has its own uniqueness in terms of value . Bitcoin cant replace banks for it is not that powerful as what we see today.
Cryptocurrencies like Bitcoin and Ethereum have significant advantages over banks in a number of areas, including security, borderless transaction settlement, efficient payment clearance, and lack of dependence on centralized service providers or entities.
I think Bitcoin is the clear winner because Bitcoin offers more profit margin than the banks.Bitcoin is the number one cryptocurrency and it is the money making machine by which many people have become rich.Even billionaires invest in Bitcoin so as to earn more profit. If we keep our money in banks the growth rate is not much than that of Bitcoin. Taxes are also implied on the money but Bitcoin is decentralized so no taxes can be implied on it.
newbie
Activity: 110
Merit: 0
May 06, 2018, 05:43:39 AM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

There have been topics like this before. And I will still say, bitcoin will never replace banks and will not replace anything in this world. Bitcoin is an additional currency that has good price or value. Banks just need to adjust the way they think about crypto. Banks will comtinue to exist and will stay I think forver.
I agree with you my friend, Bitcoin has its own uniqueness in terms of value . Bitcoin cant replace banks for it is not that powerful as what we see today.
Cryptocurrencies like Bitcoin and Ethereum have significant advantages over banks in a number of areas, including security, borderless transaction settlement, efficient payment clearance, and lack of dependence on centralized service providers or entities.
member
Activity: 274
Merit: 10
May 06, 2018, 05:07:19 AM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

There have been topics like this before. And I will still say, bitcoin will never replace banks and will not replace anything in this world. Bitcoin is an additional currency that has good price or value. Banks just need to adjust the way they think about crypto. Banks will comtinue to exist and will stay I think forver.
I agree with you my friend, Bitcoin has its own uniqueness in terms of value . Bitcoin cant replace banks for it is not that powerful as what we see today.
jr. member
Activity: 109
Merit: 1
HPQ.IO - #1 Industrial ICO in Asia '2018
May 05, 2018, 10:41:05 PM
I think Bitcoin cannot replace the Bank in the future.
Although Bitcoin has many great opportunities to use, it does not mean Bitcoin will replace the Bank.
Bitcoin will still be used by the world community.
The work system of Bank and Bitcoin is different, then the possibility of Bank will be replaced with Bitcoin is a small opportunity.
newbie
Activity: 140
Merit: 0
May 05, 2018, 10:34:28 PM
Bitcoin simply can't replace Banks, where Banks are the place to store and control money and gold, and the government is behind it, and the government won't let that happen.
full member
Activity: 242
Merit: 100
“Blockchain Just Entered The Real World”
May 05, 2018, 10:17:03 PM
in my opinion bitcoin will never replace the bank position. banks and bitcoins have different functions, bitcoin is a digital currency that can be used as an investment asset. while the bank is a financial institution that serves to collect funds from the community and then distributed again to the community in the form of loan money or credit.
sr. member
Activity: 364
Merit: 256
May 05, 2018, 10:14:00 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

Bitcoin or other cryptocurrencies will never replace the bank. If you think that banks are just places where people save or save their money, you're wrong. Banks are very important in a country's economy. Bitcoin is unlikely to replace the bank in the future because the age of bitcoin is only temporary. Banks have been institutionalized, legalized and accepted how to put money and invest money. Banks are needed in every government to manage money and check and balance its currency. And I think this is one of the main reasons why banks will last longer than many think..
full member
Activity: 434
Merit: 100
May 05, 2018, 10:03:24 PM
Banks will stay here but they are certainly going to make a lot of adjustments because of the existence of bitcoin and other cryptocurrencies. Banks will also have less power in the future and they'll need us more compared today that we need them much more than they need us.
member
Activity: 322
Merit: 11
🚀🚀 ATHERO.IO 🚀🚀
May 05, 2018, 09:51:15 PM
If we talk about investments , when you invest in the banks the return profits is so very small per annum of stay of your money on bank, but for investment in bitcoin you gain more profits in your investment in the span of time , so it is better in bitcoin than in the bank.
sr. member
Activity: 1974
Merit: 450
May 05, 2018, 09:22:22 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?
yes, I think bitcoin and blockchain system will replace conventional bank system which enriches the elite of high class. one day people will move to a more transparent, easy, and decentralized currency
not that easy. I think banks will also develop systems that will not be outdone by blockchain. well, other than that the bank is also a state-recognized company, of course its development will be supported, in contrast to the blockchain. but I hope it can have the same level.
full member
Activity: 630
Merit: 103
May 05, 2018, 09:00:32 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

I will not agree that Bank endangered the stability of the nations economy because most of the nations economy now is very stable in which the banks are present and also i will not believed that Bitcoin will replace banks in the future as Bitcoin will not replace the paper money in which the banks are depending. This is simply because Bitcoin is just an alternative investments in which also depending on fiat that if the fiat will not acknowledge Bitcoin as investment then for sure Bitcoin will not going to become successful.
full member
Activity: 369
Merit: 106
May 05, 2018, 08:49:58 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?
yes, I think bitcoin and blockchain system will replace conventional bank system which enriches the elite of high class. one day people will move to a more transparent, easy, and decentralized currency
member
Activity: 224
Merit: 21
May 05, 2018, 08:40:58 PM
Bitcoin have power to disrupt major banking business and is disrupting now also like investment banking, money transfer, deposit and trading on share markets, commodities etc. I feel still Bitcoin will never replace fully banking system because of governments and large investors who have invested in financial institution
But the technology behind Bitcoin i.e blockchain will replace traditional banking system and take banking sectors to adavanced level to tackle problems of corruption, fast transaction, less transaction fees, cross border remittance. There are several players with the blockchain technology in the market which are helping banking sector already like ripple and more will launch with unique concept to replace traditional banking system.
sr. member
Activity: 364
Merit: 267
May 05, 2018, 08:03:39 PM
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?
I don't think that Bitcoin can replace banking system although they have a potential to do this. But I rather to choose bank in terms of money insurance and safety features that the bank can offer. Bitcoin is Bitcoin and bank is bank. They have a different feature. The only thing that the bank can do is to adjust to the modern way of banking and go with the trend of technology, they can also collaborate with the works of bitcoin..
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