Can Bitcoin make Banks disappear? - page 100.

Klausi

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Quote from: SIHIN on August 16, 2017, 06:56:47 AM

I think it can happen. Nothing is impossible.
Now we just waiting for the momen bitcoin make a bank.
Sooner or later bitcoin can create a bank

There might be a chance. Nowadays,banks are getting or having low profits from customers who save their money with a low interest monthly. Maybe that's one of the reasons why they are attacking bitcoin because the competency arises even if it's in a discrete way but they can trace any marks. They can see that many are investing to bitcoin because the market in banks are decreasing.

SIHIN

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I think it can happen. Nothing is impossible.
Now we just waiting for the momen bitcoin make a bank.
Sooner or later bitcoin can create a bank

congtuan001122asd

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I think banks won't disappear but if banks want to develop strongly, its could combine with bitcoin. In the future, bitcoin will become very popular.

nexus99

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I don't think that banks will go away, no. There will always be people that are interested in handling fiat. And not only that, there will always be people that need loans and mortgages and this kind of thing

ali50

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Quote from: Images21 on August 14, 2017, 09:54:42 AM

Banks are as deeply rooted as shit. They are controlling the world in a way. They cannot easily be removed from their spot. Bitcoin is still a young and crawling child as compared to the old and hard banking system and influence. But the two are not necessarily enemies. They will have to find a common ground.

Banks do not controlling world. Transcontinental corporations control the world

wahb

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Quote from: rikyy on August 14, 2017, 10:28:57 AM

No this is not possible because the banks will always exist in one form or another. That is how money gets transmitted.

i think it is possible but not so soon, i think it will take a lot of time, and it will only possible when all the people will start using bitcoin as currency. buti i think still a very little number of people know about bitcoin while majority of people do not have any idea about it. i think that when such people will start using bitcoin then it will surely become possible that banks will disappear.

expertpc

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Quote from: _Legendary_ on June 04, 2017, 11:19:52 PM

The use of the bitcoin only reduces the value of the transaction to the banks but the banks could not make disappear, the banks already hundreds of years and proved to be a part of human life.

Yes you right, there Some banks that lose transaction from fintech industries because bitcoin is being new choice that more practical and has lower fee.

Itjoker

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This is impossible, because people need money that can be touched (fiat), and banks work with such money.

flag39

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Banks work on fiat currency playing with dept and loans. Cryptocurrencies are commodities like gold silver oil etc. The price of commodities is only regulated by Bid/Ask ratio. Banks will be here to use the technology to their advantage.

pitiflin

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Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

Not a chance,banks are financial back bones of every country and do you think that 21 million bitcoins will be sufficient enough for all the countries. There are more banks than bitcoin,so imagine how much money banks will be possessing , so unless and until something huge comes up banks are going to exist and you or I can't help it.

OracionSeis

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Quote from: majeed on August 14, 2017, 10:03:32 AM

Quote from: marcbitcoins on August 11, 2017, 06:00:34 PM

Bank will not disappear because the root of all our activities to earn is because of money. Maybe a bank that will receive a bitcoins fund will be possible then it should be called bitcoin Bank.

Yes, it doesn't easy to make Bank disappear. Bank has existed for a long time and Bank is used by people all over the world. For sure that it bring trusted to people because it belongs to government. Therefore, I don't think Bitcoin can make Bank disappear.

Although Bitcoin can't make Bank disappear, but change the thought and the system banking of national banking or even international banking is possible. The technology blockchain of cryptocurrency really a revolution for change the world's.

kiddikoddi

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I think that the banks will find some way to get in on this with their own blockchain technology

giletto

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Quote from: marcbitcoins on August 11, 2017, 06:00:34 PM

Bank will not disappear because the root of all our activities to earn is because of money. Maybe a bank that will receive a bitcoins fund will be possible then it should be called bitcoin Bank.

BAnk will never recieve bitcoin and only stupid people deposit their bitcoin into bank. Bank is controlled by the centralized system while bitcoin is dencentralized. Therefore, if you are a true bitcoiner, never ever bring your bitcoin into any bank. ONly we are the one who can control our own money

rikyy

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No this is not possible because the banks will always exist in one form or another. That is how money gets transmitted.

Janation

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Quote from: winnerhor on August 14, 2017, 09:58:49 AM

I think bank will still there because bank got many function for us . Loan , contract or insurance maybe still give a way for bank

That is not a function but a way of people so they can earn more money. Banks will never dissapear, it may dissapear in a long long time but for now, bitcoin is ought to stay.
Also, not all people will be using bitcoin but will make a way to earn them.

majeed

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Damn

Quote from: marcbitcoins on August 11, 2017, 06:00:34 PM

Bank will not disappear because the root of all our activities to earn is because of money. Maybe a bank that will receive a bitcoins fund will be possible then it should be called bitcoin Bank.

Yes, it doesn't easy to make Bank disappear. Bank has existed for a long time and Bank is used by people all over the world. For sure that it bring trusted to people because it belongs to government. Therefore, I don't think Bitcoin can make Bank disappear.

winnerhor

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I think bank will still there because bank got many function for us . Loan , contract or insurance maybe still give a way for bank

Images21

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Banks are as deeply rooted as shit. They are controlling the world in a way. They cannot easily be removed from their spot. Bitcoin is still a young and crawling child as compared to the old and hard banking system and influence. But the two are not necessarily enemies. They will have to find a common ground.

Gens09

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Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

No,I don't think so. Yes,Bitcoin is emerging together with its usefulness and adcantages but it could never replace banks. Bitcoin system is still unstable,it might collappse any tym

8Habits

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Quote from: marcbitcoins on August 11, 2017, 06:00:34 PM

Bank will not disappear because the root of all our activities to earn is because of money. Maybe a bank that will receive a bitcoins fund will be possible then it should be called bitcoin Bank.

The latter might occur but not really to disappear the banks. Bitcoin and bank can go hand in hand - but when that time happens, of course, bitcoin will already be regulated and that is not good because it defeats the really purpose of bitcoin where there are freedom and no regulation from the government needed.

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