Bitcoin is a system that objects to simplify transactions without the necessity for a bank.
People have a tendency to overlook the statistics that anywhere one manages the value in different systems inevitably forms an economy. There shall be tools and factors that affect this economy to promote it. Banks are among the factors that affect the economy. Banks proceed within another kind of economy. Banks are considered to safeguard people’s money, offer the same money to people that essential to collect interest and eventually have the money replaced within to generate maximum price per rotation.
Topic: Can Bitcoin make Banks disappear? - page 110. (Read 427614 times)
No, banks are already thinking into some way to use bitcoin technology to save them a lot money over their inside transactions. Bitcoin isnt a real problem for banks, they provide a usefull thing the loans for over 2 years up to 50 years, the max period you will lend your coins will be for maybe 2 weeks with colateral. Besides those the world economy does use banks, and they wont change it at all, soo bitcoin isnt a problem to banks at all, even with some people using it, the money will return to banks in the end.
What you're saying is true because people will also exchange btc to fiat in order to buy things that can only be bought by means of fiat money. But what everyone saying here is what if many countries began accepting btc as a payment ( as we all see they began regulating btc ), and what if many people are using btc let's say 60% btc 40% fiat currency, I wonder if the banks will accept the fact that btc is the new age and they will bought a lot of btc in order to replace their money into digital currency which I think if they don't do some companies will begin launching other cryptocurrencies banks and the older banks will fade, which I think this will have a lot of contradictions regarding fiat to cryptocurrencies to Central banks and to online banks and to government and it's people who use cryptocurrencies. This will be a long haul of hearings and New laws will be implemented in the payment system of cryptocurrencies.Your assumptions are valid but it is far from happening anytime soon because our financial industry, which banks are in, are regulated by the government and they can control and implement policies for the thriving of these banks.
Yup Ive heard some central banks are regulating btc but they are still finding some ways on how to implement tax on it. That means we are still not free from taxes.
Hmmm If they are making ( little by little ) to be used in the microeconomic system and soon in the macroeconomics, then it is a good sign but too much taxes are ruining it. I still dont imagine a central bank using btc that easily because as far as I know, there are too much people and things involve, not mentioning the personal interests.
That was hard or difficult to be done. Why? Because banks are commonly used by people and it makes them comfortable with it as well as they already trusted it. Banks have the strong foundation that people can really trust their money on their. Since it is proven and tested by all. Government are one who connected with it. So, it is impossible that bitcoin can make banks disappear maybe bitcoin will be more valuable to anyone but banks can never replaced.
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
but i think if bitcoin will grow the banks will also grow
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 Bitcoin will not make the banks disappear but also make it even more development. Because, the value of Bitcoin will also be converted into money, where money exists, it is certain that banks will also survive. I believe the banks will change rather than disappear. They will change to be able to work with Bitcoin. In addition, banks are inevitable needs of each person when they want to borrow money, save money, change money, transfer money, ... nothing can change it. Therefore, the bank will not disappear
That is correct. So, what is sure thing to happen and is currently happening right now is that banks and bitcoin co exist each other.. People have opportunity to choose which alternative they want to use on their online financial transactions.
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 Bitcoin will not make the banks disappear but also make it even more development. Because, the value of Bitcoin will also be converted into money, where money exists, it is certain that banks will also survive. I believe the banks will change rather than disappear. They will change to be able to work with Bitcoin. In addition, banks are inevitable needs of each person when they want to borrow money, save money, change money, transfer money, ... nothing can change it. Therefore, the bank will not disappear
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 Bitcoin will not make the banks disappear but also make it even more development. Because, the value of Bitcoin will also be converted into money, where money exists, it is certain that banks will also survive. I believe the banks will change rather than disappear. They will change to be able to work with Bitcoin. In addition, banks are inevitable needs of each person when they want to borrow money, save money, change money, transfer money, ... nothing can change it. Therefore, the bank will not disappear
Plus one of the fundamental ingredients of the state economics-taxation, depends on banks and the banking system. This alone would be more than enough of a reason for bitcoins to never be able to overtake banks without inherent value.
Correct. When the government and a country is still functioning well, there is no reason that bitcoin can replace banks because banks are already an institution and has been established with the government. When the country is in chaos, no order, and anarchy, maybe that is the time that bitcoin can overtake banks - but really, what is it for when that happens?
Plus one of the fundamental ingredients of the state economics-taxation, depends on banks and the banking system. This alone would be more than enough of a reason for bitcoins to never be able to overtake banks without inherent value.
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?
Fiat money replaced gold"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?
Electronic money (eg paypal) still did't replaced fiat money
Bitcoin didn't replaced banks within your and mine lifetime.
You do not underestimate the government's actions. None of the big Bank is not able to work independently. They are all controlled by the rich, and those in control of the government. More than that they are the government. It turns out banks are murderers, and customers of government.
I should not underestimate how bad can somebody write.
Bypassing the double negation, my aunt has a few (a bit more actually) shares in a bank.
So she and other are owning that bank. Does that make her a murderer?
You can press charges if you want, I'll give you her name and address.
The bank will not be replaced, because the function of the bank not only as a place to save money, but also can make borrowing money, other than that the bank can also make purchases of houses, cars etc. And bitcoin still can not do all that
This is not possible since banks are the Fundamentals of daily economics of our lives. Bitcoin is just a fantasy here compared with banking system and its components.
Banks will start wars between countries, races, religious to obtain more power, let alone what they would do for not losing their existince. Unfortunately, they will always exist.
Exactly there are many trades has been done though banks. No one country will ever want to disappear any bank from a country. Suppose if bank is removed from a country. In a law if any bank default then you cannot get the money you have keep in a bank. If you take a loan from a bank. You are also free which huge disadvantage for a bank is. But one thing can happen Banks will allow bitcoins in a future as it is seeing. Bitcoin can only make banks decrease in number if bitcoin eliminate the bank then all will be glass because many people need the bank and it is very important for them.
At that point people within that Bank will have to use Bitcoin since the price of their original currency would receive a harsh enough drop to where they wouldn’t get any profit from it if they cashed that money out.Bitcoin can eliminate Banks, the question is when?
i think banks will not disappear. many people don't know about it.
It really depends on too many variables and there is no way to be certain whether or not banks, in the way they exist today, are here to stay or if they will end up changing in the near future, or if they will exist at all. Everything from a breakdown of social cohesion and more divisions along with a bubbling economy and unmotivated work force might spell the end for financial systems as a whole, not just banks. A growing interest in Bitcoin could result in similar collapses, but in a less spectacular way since it would just require a shift of medium as opposed to any sort of major restructuring.
Bitcoin can only make banks decrease in number if bitcoin eliminate the bank then all will be glass because many people need the bank and it is very important for them.
Banks will start wars between countries, races, religious to obtain more power, let alone what they would do for not losing their existince. Unfortunately, they will always exist.
Banks are made by people run by people.
It's not the guns that kill it's the idiot who pulls the trigger.
You are right they change many lives and systems just for survival and kills thousands of innocent peoples they can do every thing because they are controlling all things around us many small countries are cannot survive without them and bitcoin is not going to compete with them
Who killed thousands of people?
The banks?
Let's compare how many people have the banks killed with how many have a few bright leaders who wanted to share the wealth of the evil rich guys with everyone. Let's start with Stalin and end in four leaps forward with Mao.
Banks will start wars between countries, races, religious to obtain more power, let alone what they would do for not losing their existince. Unfortunately, they will always exist.
You are right they change many lives and systems just for survival and kills thousands of innocent peoples they can do every thing because they are controlling all things around us many small countries are cannot survive without them and bitcoin is not going to compete with them I guess that's a conspiracy as I know banks are being controlled by a big person and richest organization in a country. And banks are not the one who are starting wars but those greedy people behind it, those that are controlling it. They are wanting to have more power but with bitcoin, I think they will still going to enter it but they won't allow banks to be gone.
Banks will start wars between countries, races, religious to obtain more power, let alone what they would do for not losing their existince. Unfortunately, they will always exist.
Banks are made by people run by people.
It's not the guns that kill it's the idiot who pulls the trigger.
You are right they change many lives and systems just for survival and kills thousands of innocent peoples they can do every thing because they are controlling all things around us many small countries are cannot survive without them and bitcoin is not going to compete with them
Who killed thousands of people?
The banks?
Let's compare how many people have the banks killed with how many have a few bright leaders who wanted to share the wealth of the evil rich guys with everyone. Let's start with Stalin and end in four leaps forward with Mao.
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