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Topic: Bitcoin x banks (Read 1976 times)

full member
Activity: 644
Merit: 100
November 12, 2018, 09:06:31 PM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?




It seems to me that, Banks are start to research and looking for the benefits of crypto or bitcoin to their business. Banks has running for a long time for sure they are not afraid if many people saying that cryptocurrency or blockchain will replace banks. However, if we are collaborating with banks we have a chance to svoid banning of some countries.
full member
Activity: 1526
Merit: 111
Pepemo.vip
November 09, 2018, 10:31:09 PM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?





 
I think the banks will soon pay attention to the blockchain technology and they will cooperate with the potential altcoins like EOS or CS. We can not know where we are and this cooperation is only possible when governments around the world recognize Bitcoin and other altcoins as legitimate.
this is now happening, and banks have started using blockchain. we know that bitcoin does not need a bank, so this is a threat to the bank. hence role of government is very important to regulate all through its policies
member
Activity: 464
Merit: 10
November 09, 2018, 10:23:38 PM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?





 
I think the banks will soon pay attention to the blockchain technology and they will cooperate with the potential altcoins like EOS or CS. We can not know where we are and this cooperation is only possible when governments around the world recognize Bitcoin and other altcoins as legitimate.
hero member
Activity: 759
Merit: 500
November 09, 2018, 10:09:01 PM
Many bank fear Bitcoin. And there are more reason present behind this. People mainly use for secure money transaction. But Bitcoin provide better secure money transaction facility with more advantage then bank due to this many people using Bitcoin instead of bank. Bitcoin provide its user an uninterrupted money transaction facility which is untraceable too. While bank doesn't provide such facility to its user. And in order to use bitcoin transaction their is no need to give full information of sender and receiver. And bitcoin provide faster transfer facility with low transaction cost. These thing makes Bitcoin better than bank ;)q
for someone who wants undercover and confidential transactions. of course they will prefer bitcoin rather than bank. but I don't think most people care about freedom and undercover. they prefer convenience and the bank gives it? comfort and ease in transactions wherever and accepted anywhere? so I don't think banks need to worry about it
No need to think about banks or bitcoin because both of them have their respective roles, where banks only receive savings and transactions that have been legalized by state rules and all transactions via bank requires a clear identity so the transactions can be done. It’s true that transactions via bitcoin can be done confidentially and anonymously without identity but still banks and crypto will be useful to us all.
jr. member
Activity: 238
Merit: 7
September 26, 2018, 05:02:42 PM
Banks will still be there as it is a mean of money transfer, storage and is backed by a state. With Bitcoin, a person's identity is not tied to its wallet which would be likely impossible to track person assets for money laundering cases. Both have their own system and way to function which fulfill a user needs. Don't consider BTC as an alternative to fiat consider it as an asset only which can be sold for fiat.
Banks are responsible for users money in case hacks happen, the bank will reimburse to the user but in case of BTC a user is responsible for it, in case a person misplaces his/her wallet file or private key he himself will be responsible.
jr. member
Activity: 74
Merit: 3
September 26, 2018, 04:11:35 PM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?






like oil and water
these two systems will never be able to merge because they have their own systems
and the world community is deceived by the system provided by the bank
and we are trying to make them aware
hero member
Activity: 980
Merit: 500
September 26, 2018, 02:10:25 PM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?






Yes your point of view is right. Bitcoin is like the opponent of bank. Many Place bitcoin is ban because of bank. Bitcoin is affect bank profits and because of this many national bank suffer from loss and force their government to ban bitcoin in their country. Bank mainly use for money transaction purposes. So Bitcoin is also use for money transaction purposes and bitcoin provide better transaction facility then that of bank. Bitcoin transactions fee are also low then that of bank and bitcoin money transaction processing time is also speed and safe then that of bank. And bitcoin also help in international transfer with less trouble. So these thing of bitcoin attract more people to use bitcoin instead of bank.
member
Activity: 294
Merit: 10
JOIN THE NEXT MEGATREND IN CRYPTO!
September 26, 2018, 11:46:50 AM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

Crypto is like a "a state within a state", a "shadow government" supported by technical geeks and greedy financial dealers.
Despite the fact that crypto has become more popular over the past several months, it still has no visible impact in the fates of most people.
There is no significant effect of bitcoin on banks so far, as most of them do not deal with cryptocurrencies at all.
hero member
Activity: 910
Merit: 523
September 26, 2018, 11:39:36 AM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

Not anytime soon, even for 5-10 years imho. Central banks control monetary policies and controlling the nation's entire money supply, which mean the bank will stay around for decades or centuries as long as the country has an official currency. On the other hand, bitcoin is a decentralized monetary system, but it can work perfectly fine as a medium of exchange just like fiat currency. Probably banks will become obsolete if a country no longer has an official currency, in Zimbabwe and Venezuela where inflation goes crazy and their currencies worth almost nothing, banks still exist though.
full member
Activity: 395
Merit: 100
September 26, 2018, 11:27:10 AM
The biggest breakthrough of Bitcoin is the ability of a person to send something of value to others with the ease of an anonymous transaction. It runs the global economy on a Blockchain network.
legendary
Activity: 1176
Merit: 1024
September 26, 2018, 11:12:23 AM
We can't realy deny that people still prefer to stored their money or fiat currency in the bank because of security and assurance. But on the other hand, if we talk about investment, people who are engage in crypto world prefer to use bitcoin for their investment because we all know that bitcoin could give you huge amount of profit in just a short time.
First and foremost, this is a very new space and the possibilities of still trying to minimize risks rather than going all in is still there even though you want to believe in the long term potential of the market. This is one thing that would still keep helping to make fiat relevant and then banks to still be in action, asides from the fact that not everyone anyway will end up being a part of the space due to some limitations or the other.

For those who believe in the future of savings and spending with freedom, they will always choose bitcoin anytime any day and it will even get better when we start seeing real life usage. I guess the main issue here is just enlightenment as people need to understand how things should naturally be, but you cannot simply force everyone and we all know knowledge is profitable.
member
Activity: 196
Merit: 10
“Blockchain Powered Clinical Trial Management”
September 26, 2018, 10:59:50 AM
Everyone understands that the blockchain is an innovative technology of the distributed registry, but here's how to implement it, that's the main task. It's like everyone understands that electric cars are the future, but petrol and diesel engines are still used. On the way of acceptance and recognition of crypto-currencies are the  financial institutions and the government, who are afraid of losing control over finances.
jr. member
Activity: 193
Merit: 4
September 25, 2018, 03:14:42 AM
It right bitcoin is going to have almost the same effect on bank and YouTube have on television, but we must understand they differences despite the fact that the both terms television- YouTube and bitcoin- bank they all perform a complementary role to them self they all can not do without each other.
member
Activity: 322
Merit: 10
September 25, 2018, 03:00:05 AM
one of the effects of bitcoin on banks is that the decline in public interest in using bank transfer services is because they prefer to transfer their money in the form of bitcoin because it is easier, cheaper, and there is no limit to the amount and distance in making transactions
jr. member
Activity: 142
Merit: 2
September 25, 2018, 01:12:24 AM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?







We can't realy deny that people still prefer to stored their money or fiat currency in the bank because of security and assurance. But on the other hand, if we talk about investment, people who are engage in crypto world prefer to use bitcoin for their investment because we all know that bitcoin could give you huge amount of profit in just a short time.
member
Activity: 168
Merit: 12
Look ARROUND!
September 23, 2018, 10:26:08 AM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?






People nowadays knows bitcoin but always choose to invest in banks because they think its safe for their money. But think about it bitcoin is more secured and it can give us huge profit. It is also perfect for long term and short term investment.
hero member
Activity: 1022
Merit: 538
September 23, 2018, 10:03:08 AM
indeed BTC is a technological innovation in payment instruments. but on the other hand bank cannot be replaced, because under the supervision of government, of course government must look for answers to bitcoin policy later
Government will never want to allow banks to become irrelevant and banks as well will not want to become irrelevant in the long run. As it is, there are a lot of things going on with the banking sector that shows they are trying to bring up a lot of distinctive attributes to make them be in par with the idea of using cryptocurrency and that is certainly what we need anyway. At least, the fact that it is becoming a competitive space for them makes it a whole lot enticing for all of us.

I think banks will adapt to the market. When the market uses crypto currency more than fiat, i think the banks will create their own coin and maybe their own virtual wallets. I don't think banks are dumb enough to be complacent when the crypto currency market booms in the economy. Lastly, banks are shrewed, they will do everything to slow us down.
At this moment, I am sure they are already trying to check out ways they can adapt to the market and see how they can keep being closely connected or appropriate to what is being done in the crypto space so as not to get left behind. I know bitcoin will definitely not eradicate the usage of banks, and they will still be functional, but now that they know they have a lot to do to keep the interest of the users at heart when it comes to using banks, makes it even more interesting.
legendary
Activity: 966
Merit: 1000
September 21, 2018, 11:06:55 AM
Banks have a problem with Bitcoin and other crypto currencies. They feel threatened. They should be afraid. Because finally we have a tool that gives us the opportunity to don't use banks and their services. We don't need them anymore. They have manipulated our lives until now, and it was enough.

in fact there is a good idea that banks can work with crypto currencies, so there might be convenience that will be accepted, but why is it difficult, many problems are not easy to decide because there may be many state policies that do not yet legalize crypto. but even so crypto has gone well.
It seems some people think that banks are never going to accept cryptocurrencies, but you must remember banks only care about one thing and that is making money and if cryptocurrencies become so popular that they see an opportunity to make a lot of money they're going to take it, they're going to do the same that they do with your money they're going to gamble with it in the markets and get huge profits while you get nothing.
Yes the bank will do things for big profits without us knowing and I also agree that the bank only cares about those who give the bank's profits. But I think bank will having difficult to cooperate with Crypto because it’s still regulated by laws of the state government, while crypto is not bounded by any rules of the state government.
hero member
Activity: 998
Merit: 504
September 21, 2018, 03:18:46 AM
I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?






Lol… This one is funny, please what exactly did YouTube do to Television? Cause even till today we all still watch television  and also rushing cinemas every time new movies are released just like the Avengers Infinity war that released not so long and other movies too.

I’m also sure that lots of people here still buy Blu-ray. Lol, back to the main point, Bitcoin can’t win bank, so quit all these games you’re playing and face the truth.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
September 19, 2018, 05:34:29 PM
We are still far from it but I think banks really know that crytpo currency is a threat. I mean once one of the crytpo currencies in the marker become stable enough to be adopted then it will be a huge game changer. Everyone will be pulling out their fiat and converting it to crypto currency. Give it a few more years and we will see it happen.
I think we're going to see a lot of people using bitcoin in the future but I do not know if the adoption is going to be so generalized, I say that because even if bitcoin is very easy to use from my perspective there are a lot of people that are not used to use technology and are probably going to find bitcoin to be very challenging especially when it comes to securing their coins.
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