Topic: Can Bitcoin make Banks disappear? - page 102. (Read 427614 times)
It could see the community and bitcoin users from year to year continue to increase, because of the simplicity to the sophistication offered bitcoin. This will certainly affect the use of the bank, but I think it will take a long time.
it is possible that bitcoin can make banks disappear, since it is not regulated by banks, it can replace banks, but i think both bitcoin and banks need to co exist, since that value of bitcoin is echangeable to fiat, and people with a lot of cryptocurrencies would also like to have thdir money secured, one which is you can exchange it and deposit through banks
I think it is not possible. There is no such reason in this world that the bitcoin will make the bank disappear. It can't be and it is impossible that the bank will disappear because of the bitcoin. The bitcoin doesn't have enough power to make the bank disappear. 
It is only the perception of some people, in fact the local bank its use evenly from the society up to the community down. So it would be difficult for bitcoin to get rid of local banks. Maybe if it works together can.
There's no chance in disappearing of banks, they can get many issues or lose some customers. But still many organizations and businesses that are putting their money on it , it will be hard for some to not put it on a real facility.
it is possible that bitcoin can make banks disappear, since it is not regulated by banks, it can replace banks, but i think both bitcoin and banks need to co exist, since that value of bitcoin is echangeable to fiat, and people with a lot of cryptocurrencies would also like to have thdir money secured, one which is you can exchange it and deposit through banks
I do not believe banks will disappear, actually. If anything what will happen is banks as we know them today will become "Bitcoin banks", where individuals can store their Bitcoins to keep them safe from getting stolen/hacked.
In fact, there are already Bitcoin banks in existence. I just read about one opening in Israel.
i think it is still very early to say that bitcoin will replace banks.or will disappear it. i think still bitcoin community is very low and i do not think that bitcoin is providing us such facilites through which we can use bitcoin for everything and we will never feel the need to use banks i think banks will continue for a long time. In fact, there are already Bitcoin banks in existence. I just read about one opening in Israel.
I do not believe banks will disappear, actually. If anything what will happen is banks as we know them today will become "Bitcoin banks", where individuals can store their Bitcoins to keep them safe from getting stolen/hacked.
In fact, there are already Bitcoin banks in existence. I just read about one opening in Israel.
In fact, there are already Bitcoin banks in existence. I just read about one opening in Israel.
well it might happen after a long long time, maybe if that happens they will just became a bitcoin trading center.
yes that is a fact that it is not so easy that bitcoin will make banks disappear. No, I think, it isn't so powerful to destroy the banking system. Seems like nonsense 
It can disappear back as you said. But in my opinion banks would allow bitcoin soon as possible because they are also looking for a great currency but might some restriction by Federal Reserve banks. But about product you said it should be like that if it is goes like that then more crowd means traffic will appear to bitcoin side. So Yes it can do better if there is option like that in future. 
well it might happen after a long long time, maybe if that happens they will just became a bitcoin trading center.
It is impractical that bank will vanish on the grounds that the explanation for this is Bitcoin is not as much prevalent on the planet and in the event that it happens then the bank will change their method for managing and manage bitcoins however they won't vanish regardless.
i dont think so ... but im agree if bank will gone because of bitcoin
I think Bank will not disappear. Because, Bitcoin and Bank are different fields, each of which bring certain benefits for people using them
Yeah. This two cannot be compared because they are not alike. Perhaps, they should compare banks with bitcoin wallet sites.
Even you take bitcoin as a commodity it is far away from being a bank and it wont make it disappear.
Maybe it will lessen the bank users because with bitcoin wallet they can now manage their own account but that doesn't mean it will take away banks.
We cannot erase the fact that banks are being trusted by most of the people until now.
Well they are very much afraid of crypto assets that banks are heavily advertising their systems these days. Ads on tv about bank investments are prompting almost every hour. Now the Floyd made people aware of it, it must be something they hate the most.
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 really hope that banks does eventually disappear from the system, In my country a telecommunication giant is offering a service called mobile money where you can you save your money on your phones thus use it to transact business. This is making banks lose customers due to their outrageous monthly charges and people are flocking to mobile money. In due time when bitcoins is widely accepted everywhere, this is the scenario we are going to see everywhere. "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 think the state-owned bank will always exist because its managament structure is clearly compared to bitcoin if the bank in bitcoin is lost nor is there anybody who can be responsible
Can Bitcoin make Banks disappear?
It could be future will be like that, because nowadays it has been using digital for existing payment.
Does not rule out the banks that will exist today will disappear in the future that exists.
It could be future will be like that, because nowadays it has been using digital for existing payment.
Does not rule out the banks that will exist today will disappear in the future that exists.
We are really not certain and unless there is chaos going on in worlds government, then maybe that is the time that Bitcoin will overtake banks or even replace it - but it is really far from happening.
I think the banks has started learning about the bitcoin system. Because they now that bitcoin can became their rival one day.Bitcoin can abolish bank system.But it take many years to became a challenge for them. Because their are many people in world who has not listen the name what the thing bitcoin is.
They are surely aware of bitcoin.
They are now even trying to make their own blockchain just to copy it. They saw many great features with bitcoin and they want this installed in their system but don't want bitcoin itself.
They dont want something which is free and people are the one managing it.
I think the banks has started learning about the bitcoin system. Because they now that bitcoin can became their rival one day.Bitcoin can abolish bank system.But it take many years to became a challenge for them. Because their are many people in world who has not listen the name what the thing bitcoin is.
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?
"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 think it is a yes because today everything depends on the internet and bitcoin is an internet money so I think bank might be disappear if the whole world depends on the internet.
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