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Topic: Can Bitcoin make Banks disappear? - page 10. (Read 427618 times)

newbie
Activity: 28
Merit: 0
January 25, 2018, 04:57:56 AM
Government also make their transactions so transparent. It would be easy to identify the right party.  Bitcoin should replace bank's place in future.to less people know about bitcoin and hard to understand for some people and im sure one day the would understand and change to more good things just like bitcoin..
I think it would really take more time, maybe years from now or we might not see it anymore if it happens, banks are everywhere and fiat is in there, and fiat runs the economy, so if it will make banks disappear, where will we put our paper money...so I think it is far from happening at this lifetime.
newbie
Activity: 39
Merit: 0
January 25, 2018, 04:46:15 AM
banks carry professional investigation services in attempt to stop fraud and to inquire more info on the transactions.They stop scams in most of the cases but they keep track of every transaction and have their control over it but bitcoin doesn't.Bank owners are clever enough to see why bitcoin is going strong as it matures, and most probably one day, they will do their best  to cope up with it and survive...
newbie
Activity: 76
Merit: 0
January 25, 2018, 04:44:40 AM
That is true. But I dont think it possible to disappear a bank. Many people use banks and that is really important for them.I think it will possible in the future because everything is gonna be digital in the future so.
full member
Activity: 378
Merit: 101
January 25, 2018, 04:42:58 AM
Other people want to secure their all money. So i guess that will never happen. Bitcoin is very risky because of its features. You could lose it without knowing it. Ofcourse banks also vulnerable to bad elements but it is centralize and more secure than bitcoin. Bank is your better option in terms of security.
jr. member
Activity: 77
Merit: 4
January 25, 2018, 04:41:32 AM
No, I don't think so that bank will completely get disappear . bitcoin will definately makes its place in the market . Till now so many people are not aware about bitcoin we have to make them aware about bitcoin.
member
Activity: 222
Merit: 24
January 25, 2018, 04:15:35 AM
Bitcoin can never replace bank because majority of people are not accustomed to bitcoin which is more online
newbie
Activity: 19
Merit: 0
January 25, 2018, 03:59:39 AM
Not at all the bank will not disappear.May be bitcoin will  disappear aftre 2145.
copper member
Activity: 448
Merit: 110
January 25, 2018, 03:50:13 AM
it is possible to lose the bank when the bank loses money in a country its effect will also lose the local fiat money or total money in nationwide.

what is the effect of losing fiat money?
the most affected the bank is I think it's not good for bitcoin to lose the fiat money and bank. If we think that the fiat money is gone and the human target has moved to bitcoin here that the price of another altcoin will increase. Because the fiat is gone and the bitcoin bank is taking taxes the governments do not have any local money alone in digital money bitcoin.

Is that ny opinion only. that's why I run into my mind when the fiat money and the bank are gone.
member
Activity: 96
Merit: 10
January 25, 2018, 03:11:59 AM
i dont think so, the banks will have to accept the system and have to keep pace with it. but they will survive Smiley
legendary
Activity: 1260
Merit: 1029
January 25, 2018, 03:06:00 AM
I dont think Bitcoin can, will or should make Banks disspaear. It was not ment to do that nor it does all that Banks do, so it can replace them. What it CAN do and i'm pretty much sure it WILL do, is cut into their business, make em behave more user friendly (because they do have alternative in par of their business now) and give us alternative which is always good thing to have.
newbie
Activity: 82
Merit: 0
January 25, 2018, 02:59:08 AM
Maybe Bitcoin will be disappeared before Bitcoin can make Banks disappear...
jr. member
Activity: 126
Merit: 5
January 25, 2018, 02:15:48 AM
I think it's hard for bitcoin to disappear.
Now there is only one part of the world that recognizes bitcoin.
Many other countries are unfriendly to bitcoin, some of which prohibit bitcoin trading as a hoax.
member
Activity: 259
Merit: 76
January 25, 2018, 02:02:47 AM
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?



I don't think that Bitcoin can make banks disappear, maybe their customers will be lesen but there are more people who wants banks because they are afraid to the possible risk of Bitcoin. Many people may use Bitcoin but choose banks to invest their money; because banks have papers that serves as the proof when unexpected things happen. You can make assure that all loss money were be back to you whatever happens.
newbie
Activity: 163
Merit: 0
January 25, 2018, 01:54:17 AM
Bitcoin does not allow banks to disappear. This is not shown. The world government does not allow this to happen. Although bitcoin is entirely dependent on the Internet. But bitcoin does not completely replace the display currency. Bitcoin is still a bit far away from most people. There are a lot of people who don't know bitcoins. There is still a need for more people to accept bitcoin. I look very much more than special money. I will hold it firmly.
newbie
Activity: 217
Merit: 0
January 25, 2018, 01:51:43 AM
 How can Bitcoin make banks disappear that is impossible according to my studies human nature  can't afford and even accept what is introduced newly .Even now also there are people who don't understand and try to understand what Bitcoin is though Bitcoin was introduced from 2008 even half of the population in the world are not aware of Bitcoin,People now also put their trusts only in physical currency and Banks they think that bitcoin is not stored in Banks so it can be lost anytime and will be safe if it is invested in Banks so Bitcoin can't make Banks disappear so easily.
member
Activity: 98
Merit: 16
January 25, 2018, 01:44:17 AM
I think perhaps the banks will issue a cryptocurrency their own time, the bank's role is not only savings, there are many investment loans, these features can not be replaced by Bitcoin for the time being.
member
Activity: 168
Merit: 15
January 25, 2018, 01:38:20 AM
I do not think so..
Bitcoin is a system that aims to facilitate transactions without the need for a bank,
there shall be tools and factors that influence this economy to cultivate it.
Banks are just one of the factors that influence economy
jr. member
Activity: 210
Merit: 3
January 25, 2018, 01:37:36 AM
No bitcoin can't make Banks disappear. No matter how successful bitcoin is in the future, Banks are not dependent on bitcoin.

Banks have their role in the community and will always be with us.
member
Activity: 350
Merit: 47
January 25, 2018, 01:30:29 AM
Banks would not disappear. That is seemingly impossible. If what they mean is the tangible banks, that may be plausible since almost everything is advancing through technology. Banks in the future may be just an online banking. Banks would not disappear cause not everyone has the access to the internet or some may just prefer going to banks than transacting online. And lastly if you say banks would disappear because of bitcoin, that is unlikely to happen. Since not everyone use, and have the knowledge in bitcoin.
newbie
Activity: 266
Merit: 0
January 25, 2018, 01:14:11 AM
I think banks will never disappear just because one digital currency, either now or in the future, the bank will be better and stronger in the future.
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