Banks have a great network for more than a century.They would continue to exist.They only suffer in transaction sector due to bitcoins offering transactions in much lower fee.But still they continue to lend loans for interests and so there is no problem for their survival.
That's true , it will still continue to grow since bitcoin and banks have different purpose/function in diff. industries. 
Topic: Can Bitcoin make Banks disappear? - page 109. (Read 427614 times)
A bank is different like a bitcoin page, bank exist centurys ago in the Medici era in Florence, the banks will always hold the paper money the difference is that bitcoin is online and can´t be touch.
Banks have a great network for more than a century.They would continue to exist.They only suffer in transaction sector due to bitcoins offering transactions in much lower fee.But still they continue to lend loans for interests and so there is no problem for their survival.
I think it is still impossible for bitcoin to disappear the bank because the bank is one of the most important financial institutions for the international economy
in fact bitcoin is not created to disappear banks it is created for online purpose and now people are also using it in offline shops also. i am sure that bitcoin will help with banks. Most definitely, Bitcoin has the potential and power to make every bank obsolete. Its all up to the people to want this change. While some are easily convinced of the advantages of using Bitcoin in the everyday environment, others will need to receive hard treatment to change over their current bank account into a bitcoin wallet. At this stage, I'd have to say that the level of security that each form of currency (cash-wire for banks) features has to go to Bank transfers. They are ultimately more secure and at least here in Australia, you are covered by the Fraudulent Act., meaning that if your money does get stolen, no matter the amount, the banks have to pay it back to you. However, this same feature cannot be achieved with Bitcoin as it is decentralised, meaning that you are the only person to own what you have - banks on the other hand are heavily centralised. Bitcoin is still, however, in its developing phase, meaning that we can still expect a lot more from it in the next few years.
I guess it all comes down to what the user wants - functionality over security and stability (at least at this stage). The future can however very rapidly change and we will be able to see what people want in the next coming years.
I guess it all comes down to what the user wants - functionality over security and stability (at least at this stage). The future can however very rapidly change and we will be able to see what people want in the next coming years.
Well that's just because fiat money is made from thin air. Your money got stolen? Don't you worry. The banks got your back!
They simply have to add digits on your account and ta Dah! Your money has been recovered like nothing happened. They wouldn't even worry about the money that was stolen from you. They will just say that it will cost more if they are going to investigate the guy that stole your money. And on your end, everything's already fine because you got your money back.This is why banks and fiat money are rather an illusion. Everything is just created from magic. They will just print more money and it's almost as if nothing happened at all. Imagine maybe someone is already abusing this fraudulent act and is robbing himself over and over again. That doubles his money everytime. Genius.
I think it is still impossible for bitcoin to disappear the bank because the bank is one of the most important financial institutions for the international economy
It cannot be easily happened, the possibility is still low, since banks are connected to each country's government
but i think if bitcoin will grow the banks will also grow
Yeah banks are basically controlled by the governments so that they won't let that happens which makes their controlable source of taxes. On the other hand, Bitcoin is not yet optimized for daily payments so that it can not replace real money, banks are still needed.but i think if bitcoin will grow the banks will also grow
I agree, Bitcoin is not yet in its full capability, but replacing real money is somehow impossible for me, even to think that in the near future bitcoin might be the popular currency doesn't change the fact that we still need real money.
Can Bitcoin make Banks disappear? is funny dude
. I think maybe not, banks will not disappear because of bitcoin. that's true bitcoin is not yet optimized for daily payments. I used dollar to buy coffee, popcorn, and pizza not bitcoin;D. is enough proof if ban will not disappear. 
Most definitely, Bitcoin has the potential and power to make every bank obsolete. Its all up to the people to want this change. While some are easily convinced of the advantages of using Bitcoin in the everyday environment, others will need to receive hard treatment to change over their current bank account into a bitcoin wallet. At this stage, I'd have to say that the level of security that each form of currency (cash-wire for banks) features has to go to Bank transfers. They are ultimately more secure and at least here in Australia, you are covered by the Fraudulent Act., meaning that if your money does get stolen, no matter the amount, the banks have to pay it back to you. However, this same feature cannot be achieved with Bitcoin as it is decentralised, meaning that you are the only person to own what you have - banks on the other hand are heavily centralised. Bitcoin is still, however, in its developing phase, meaning that we can still expect a lot more from it in the next few years.
I guess it all comes down to what the user wants - functionality over security and stability (at least at this stage). The future can however very rapidly change and we will be able to see what people want in the next coming years.
I guess it all comes down to what the user wants - functionality over security and stability (at least at this stage). The future can however very rapidly change and we will be able to see what people want in the next coming years.
It cannot be easily happened, the possibility is still low, since banks are connected to each country's government
but i think if bitcoin will grow the banks will also grow
Yeah banks are basically controlled by the governments so that they won't let that happens which makes their controlable source of taxes. On the other hand, Bitcoin is not yet optimized for daily payments so that it can not replace real money, banks are still needed.but i think if bitcoin will grow the banks will also grow
I agree, Bitcoin is not yet in its full capability, but replacing real money is somehow impossible for me, even to think that in the near future bitcoin might be the popular currency doesn't change the fact that we still need real money.
No. Both, Banks and Bitcoin will work together in the upcoming days for secure and safe transactions. Both have their own identities in the financial segment, so don't think in negative way and understand the benefits of bitcoin.
Bitcoin is the new payment technology but, it will don't make banks disappear. In the coming days, banks will understand the usage, advantages and technology of Bitcoin and implement in various payment methods.
I agree with you, that will be the possible scenario for bitcoin and also the banks because if the banks will realized that bitcoin is worth it then there is no reason to not adopt it as a good payment method for their banks deposit and also for withdrawals and acting as an exchange for bitcoin to fiat or vice versa. Banks will adjust because they can't stop bitcoin because it is decentralized currency.Whether we like it or not, banks are there for profit. And if there are more additional profits they can get from incorporating bitcoin services into their business, then there is really no reason for stopping that. I believe that they are just keenly watching and observing how this new bitcoin phenomenon and it is just a matter of time that they will soon adopt it.
I think both are existing quite solidly for now. So I think they will still exist side by side.
You can take advantage of both for now. We will have to just do with it for now.
You can take advantage of both for now. We will have to just do with it for now.
Bitcoin is the new payment technology but, it will don't make banks disappear. In the coming days, banks will understand the usage, advantages and technology of Bitcoin and implement in various payment methods.
I agree with you, that will be the possible scenario for bitcoin and also the banks because if the banks will realized that bitcoin is worth it then there is no reason to not adopt it as a good payment method for their banks deposit and also for withdrawals and acting as an exchange for bitcoin to fiat or vice versa. Banks will adjust because they can't stop bitcoin because it is decentralized currency. 
Bitcoin is the new payment technology but, it will don't make banks disappear. In the coming days, banks will understand the usage, advantages and technology of Bitcoin and implement in various payment methods.
Bitcoin has a unstable price. It cant replace bank according to me. Bitcoin is not a paper copy of currency. Untill now, Bitcoin banks are also not established. Bitcoin price can anytime grow or decrease. If its price becomes stable then banks can be established of bitcoin, but its highly impossible. Bitcoin's price can never be stable. Its a cryptocurrency. Bitcoin will grow a lot.
Bitcoin ATM are available in some countries but banks are not yet established so its not possible for banks to replace with bitcoins.
Bitcoin ATM are available in some countries but banks are not yet established so its not possible for banks to replace with bitcoins.
Bitcoin is the main rival of bankers.Banks mainly depends on two things for its income.First by lending loans for interests and second from transaction fees.They have started to suffer a huge loss in income got from transaction fee due to bitcoin.But,they are still gaining income by lending loans which has not been affected by bitcoin.So banks would continue to exist.
It cannot be easily happened, the possibility is still low, since banks are connected to each country's government
but i think if bitcoin will grow the banks will also grow
Yeah banks are basically controlled by the governments so that they won't let that happens which makes their controlable source of taxes. On the other hand, Bitcoin is not yet optimized for daily payments so that it can not replace real money, banks are still needed.but i think if bitcoin will grow the banks will also grow
I agree, Bitcoin is not yet in its full capability, but replacing real money is somehow impossible for me, even to think that in the near future bitcoin might be the popular currency doesn't change the fact that we still need real money.
It cannot be easily happened, the possibility is still low, since banks are connected to each country's government
but i think if bitcoin will grow the banks will also grow
Yeah banks are basically controlled by the governments so that they won't let that happens which makes their controlable source of taxes. On the other hand, Bitcoin is not yet optimized for daily payments so that it can not replace real money, banks are still needed. but i think if bitcoin will grow the banks will also grow
Bitcoin will never make banks disappear. Why? Because the quantity of bitcoin is not enough to be used worldwide replacing fiat in all countries. 
Banks are a fundamental and critical part of the financial system and is very important, I don't think bitcoin can make these disappear in a day or two and it would be a process of years if it ever happened.
Banking system would change with the blockchain system IMO, but not banks themselves disappearing, and it would still be the same (people open accounts, deposit, bank lend to merchants, pay interest).
Banking system would change with the blockchain system IMO, but not banks themselves disappearing, and it would still be the same (people open accounts, deposit, bank lend to merchants, pay interest).
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