Bitcoin VS bank - page 9. | Bitcointalksearch.org

fernandoaleixo

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Activity: 126

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Community Manager at Bitsurf.eu

I use bitcoin because I can keep my money without being connected to any center. I don't trust banks and capitalist system therefore I will always use bitcoin

This is very important but we can't always keep our money hidden from the establishment forever, also rememebr that bitcoin and cryptocurrencies in general are part of the capitalist system, that is based on individual liberty.

lelangsabun

newbie

Activity: 140

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Yeah indeed maybe it will happen when many people ate accepted bitcoin in the future or maybe that can be someone making some similiar like a bank to making circulation with bitcoin or just implement of it

Williams_Leo

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Quote from: yanxuanyunshan4 on March 10, 2018, 01:25:19 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 are still a lot of banks fearing Bitcoin that there are a lot of potential risks, and I think that those banks do not accept Bitcoin as well, because no one knows if Bitcoin will exist in the future. Not because this is just a virtual currency.

aksay79

sr. member

Activity: 532

Merit: 250

state banks are called traditional banks and bitcoin has the technological sophistication of blockchain, but bitcoin will require a tradional bank for a currency exchange transaction of each country, the conclusion is bitcoin and banks will always be related forever

Rose balignasay

newbie

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Bank is not allowed to use to paying electric bill, salary loan. Then the bitcoin is allowing to pay your loans.. But you can both cash in and cash out

Wilsonong222

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Activity: 130

Merit: 5

Quote from: yanxuanyunshan4 on March 10, 2018, 01:25:19 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?

I don’t think bitcoin will overrun the banks in terms of volume and size. Even with great potential of BTC banks will always have a place in the financial system of the human race. Banks are one of the oldest business and challenge by other instrument yet still exist because of their ability to adapt in changes.

Spain2000

member

Activity: 224

Merit: 10

In my opinion banks are the financial institutions which is working for the monetary movements and the overall financial system at all and if we check the digital money then banks can deal it because they are also dealing in currencies so when the bitcoin become allowed in the countries the central banks of the country will make some rules and regulations for it and bitcoin can be then deposited into banks.

Marrionbitcoin

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Activity: 294

Merit: 11

Quote from: yanxuanyunshan4 on March 10, 2018, 01:25:19 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?

Banks and Bitcoin have so many differences and they are incomparable. Banks protect our money plus they can interest income but in a minimum interest and the risk is very low.

On the other hand, Bitcoin is a digital currency wherein we can use it to buy some stuff and paying in a digital way and we can use it in trading so that we can earn income but there's always a big risk that you might get much loss.

ClackKendi

newbie

Activity: 196

Merit: 0

Banks are places where you can invest money by depositing savings and receiving interest depending on the term you send, while bitcoin is also where you spend money to invest it, but the interest you receive Bitcoin is hard to predict but I'm sure it will be many times higher than the bank

Bestpromoter

full member

Activity: 322

Merit: 100

I can actually says that Bank is good and your money is safety because they all had the securities and they are legitimate but bitcoin is much better i guess well we have to take the risk to take bigger win right. If we are going to chose in these two i would rather to recommend bitcoin. Bitcoin can actually back your money with profit in just a minute if the price increase and in the bank it is just that the interest is fixed by year.

Bitcoinjheta

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Merit: 104

Quote from: Ronaldcoin2017 on April 27, 2018, 01:09:12 AM

Quote from: maydna on April 27, 2018, 12:21:03 AM

I don't think that in the future, bitcoin will replace the bank if people still use the bank to make a transaction. right now, we still use the bank to keep our money, to secure our money without any risk, to grow our money even for a small amount. and it's a small percentage of people that know and use bitcoin for their daily transaction and they still use the bank to send the amount of money. besides that, if we want to buy something in an online or offline store, we still use the money to pay and we are not yet all ready to use bitcoin to pay what we buy.

Yes I agree on that, I believe that bitcoin and bank has a different path way and they don't have to be compact or competence, because we are using bank for a verry long time while bitcoin is new and many people didn't even know about bitcoin yet. Bitcoin I really amazing but I think bank is more popular on it.

Bitcoin and bank are two different income generating investment. They have their own uniqueness and respectively uncommon features only that bitcoin as of the moment is more profitable and is equally open to all without many hassle and requirements needed.

Ronaldcoin2017

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Quote from: maydna on April 27, 2018, 12:21:03 AM

I don't think that in the future, bitcoin will replace the bank if people still use the bank to make a transaction. right now, we still use the bank to keep our money, to secure our money without any risk, to grow our money even for a small amount. and it's a small percentage of people that know and use bitcoin for their daily transaction and they still use the bank to send the amount of money. besides that, if we want to buy something in an online or offline store, we still use the money to pay and we are not yet all ready to use bitcoin to pay what we buy.

Yes I agree on that, I believe that bitcoin and bank has a different path way and they don't have to be compact or competence, because we are using bank for a verry long time while bitcoin is new and many people didn't even know about bitcoin yet. Bitcoin I really amazing but I think bank is more popular on it.

maydna

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I don't think that in the future, bitcoin will replace the bank if people still use the bank to make a transaction. right now, we still use the bank to keep our money, to secure our money without any risk, to grow our money even for a small amount. and it's a small percentage of people that know and use bitcoin for their daily transaction and they still use the bank to send the amount of money. besides that, if we want to buy something in an online or offline store, we still use the money to pay and we are not yet all ready to use bitcoin to pay what we buy.

KeijiN

member

Activity: 294

Merit: 10

I personally think that guys, who owns banks are smart enough to not fall in front of near crytpo revolution, they definately will invent something to stay on board.

Kizaki

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Merit: 250

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Quote from: yanxuanyunshan4 on March 10, 2018, 01:25:19 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?

Anything is possible in the future, it is either crypto will replace bank, or both will be working together to make fund security and services more credible and convenient to users. We all know that crypto still has a long way to improve and people are still improving it as technology advances. So, there's no telling what is in store for crypto and bank in the future.

varun bee

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Activity: 132

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Decentralized cryptocurrencies like Bitcoin and Ethereum have strong advantages over centralized financial systems, primarily because of their ability to function and operate without a single point of failure, which hackers and bad actors can target.Non-custodial cryptocurrency wallets enable users to remain in full control over their funds, by only allowing users to gain access to their private keys and no other centralized entity or platform. As such, Bitcoin wallets like Blockchain, Trezor and Ledger cannot refund transactions or recover user accounts once the private key is lost, encouraging users to be more financially aware and responsible. bitcoin will give you financial freedom.

altercreed

full member

Activity: 434

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As part of satoshi nakamoto's plan to upgrade the payment system globally, it's undeniable that banks are also affected on the process. Banks can no longer ask for a charge for someone who wants to send money abroad or pay something abroad.

CryptoLoverz

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Quote from: yanxuanyunshan4 on March 10, 2018, 01:25:19 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?

I think it will be very difficult to happen. All humans must have been in contact with the bank. And not a few who use as a means in life. The government also strongly supports the existence of banks in a country. In my opinion, it all depends on the government and the people who use bitcoin or bank, if indeed the government is very much using bitcoin as a positive in a country. Maybe bitcoin will run parallel to the bank. And someone's interest will gradually move to bitcoin.

TN0904950

newbie

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Quote from: biuifyus on April 10, 2018, 09:34:20 PM

The impact of bitcoin is growing, and I think the future is going to be a two-tiered one, where people who support blockchains will use bitcoin, and traditionalists will continue to support their Banks. They coexist.

I think Bitcoin will not be allowed to join the party and replace the bank.
The good news is that bitcoin provides a new alternative to operating private funds, an alternative is required for all types of liberal societies
I also do not believe that bitcoin will replace the bank in the future, because the modern political regime is tied to a bank-based financial system.

jatin729

full member

Activity: 812

Merit: 108

Bitcoin can never compete with banks because banks are still having trust from its consumers and it has third party ( regulatory authority ) for solving issue if any persist but in bitcoin no one can help you to recover funds if something bad happened .

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