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Topic: Can Bitcoin make Banks disappear? - page 121. (Read 427614 times)

hero member
Activity: 2408
Merit: 584
June 07, 2017, 10:24:22 AM
I think bitcoin can't disappear bank. Because most of the countries few people know about bitcoin. Large number of people use bank. Banks is fiat order. But bitcoin is not fiat order.
yes you are right bitcoin cannot makes bank disappear because the popularity of bitcoin is not too much now that disappear bank and also the banks operate fiats and fiat are known by all the people in the world and however if the popularity of bitcoin in future will be like fiat so there is possibility to bank accept and adopt bitcoin.
full member
Activity: 352
Merit: 125
June 07, 2017, 09:38:18 AM
I guess it was really obvious bitcoin is the banks worst fear it can really make them bankrupt as bitcoin becoming more popular in all over the world so no doubt that it can but maybe we can still use bank for today in withdrawing money or withdrawing bitcoin and exchanging it in cash but sooner or later we when the time come that we can use bitcoin as a currency i guess cash will be useless in that that when we can invest in bitcoin and the same time we can use  it as a currency.
sr. member
Activity: 1106
Merit: 250
Vave.com - Crypto Casino
June 07, 2017, 09:20:36 AM
I think bitcoin can't disappear bank. Because most of the countries few people know about bitcoin. Large number of people use bank. Banks is fiat order. But bitcoin is not fiat order.
hero member
Activity: 672
Merit: 500
June 07, 2017, 06:22:32 AM
Bitcoin has the ability and the power to make banks disappear. Bitcoin eliminates the middlemen during purchases, the consumer going directly to the source thus eliminating the need for middlemen. People will grow to trust  Bitcoin more and will question the credibility of banks. In the future, alternative banking that does not involve banks will exist and persist. As Bitcoin grow in popularity, banks will have to compete and develop further to be able to survive. How? I don’t know, that’s their problem. But for now, banks are here to stay.
sr. member
Activity: 756
Merit: 294
June 06, 2017, 09:35:15 AM
Banks as in the bank where we deposit, withdraw or invests money. Might disappear but the main idea of banking might not disappear. Coin wallet is a form of a bank. We deposit money for it to have some, we withdraw coming from banks and sometimes we used it for investments. Bitcoin cannot make banks disappear because its only a currency only another form of a new idea bank might make banks disappear, but some people will treasure the old fashion way.

There is one difference, among others, between banks and bitcoin wallets though. The former may invest the money people deposited while the latter is a pure depository of bitcoin.
sr. member
Activity: 672
Merit: 251
June 06, 2017, 08:07:33 AM
Banks as in the bank where we deposit, withdraw or invests money. Might disappear but the main idea of banking might not disappear. Coin wallet is a form of a bank. We deposit money for it to have some, we withdraw coming from banks and sometimes we used it for investments. Bitcoin cannot make banks disappear because its only a currency only another form of a new idea bank might make banks disappear, but some people will treasure the old fashion way.
sr. member
Activity: 700
Merit: 254
June 06, 2017, 06:24:54 AM
Banks may not disappear all but may evolve and follow the trend of whats is on that instant be it crypto currency or any other medium.Banks and owner will love to remain in business.

Yup, it will not disappear because it is one of the main foundation of money in every countries in the world. Even bitcoin is related to bank, why? If you sell your bitcoin and withdraw it, you have to use atm machines which will run by the banks, you can also withdraw in banks right? Like in our country. I think banks will never disappear, instead they can team up with bitcoin.
hero member
Activity: 714
Merit: 500
June 06, 2017, 05:38:11 AM
I think anything could happen, depending on market conditions, when there is no bank customer and everyone switched to the bitcoin and then bank will disappear soon.

For certain, it will not be sooner mate because banks have already established in our regulated financial institution. Government can easily trackdown financial transactions in fiat money versus bitcoin.
but to me I think banks are only surviving because banks are present, when the interest of the people about banks will over then banks value will start decreasing, and on other side the value of bitcoin be increasing.

Hmm, I never would have agreed if the bank will be a breeze. because the bank is a major Foundation in the integrity or stability of an economy of the bank. If the bank were replaced with bitcoin, then I am sure all countries using the system will surely experience a lot of losses and will eventually become a country with very little wealth. The currency for the transaction as usual, I think the best thing is bitcoin. Because in addition to providing benefits, bitcoin can also be an excellent tool to be used
 
sr. member
Activity: 462
Merit: 250
June 06, 2017, 05:19:54 AM
Banks may not disappear all but may evolve and follow the trend of whats is on that instant be it crypto currency or any other medium.Banks and owner will love to remain in business.
yes in start the are not going to disappear but later on when all the people of the world will start using bitcoin and when people will not give more preference to bitcoin then surely the use of banks will decrease, and the use of bitcoin will increase more and more.
member
Activity: 112
Merit: 10
June 06, 2017, 04:45:19 AM
Banks may not disappear all but may evolve and follow the trend of whats is on that instant be it crypto currency or any other medium.Banks and owner will love to remain in business.
full member
Activity: 179
Merit: 100
June 06, 2017, 04:20:43 AM
Big joke!!!
Bitcoin is a part of finance,Banks represent almost a whole of the financial system
Bitcoin cannot replace Banks
full member
Activity: 149
Merit: 100
June 06, 2017, 02:33:40 AM
How many here are keeping their own wallets on they computers and how many are using online services and online wallets?
I have the suspicion the percentages are the same with people keeping money in the bank and at home
Most people are using online wallet services simply because they are finding it difficult to use those with light weight wallets and those who are holding just a few couple of hundred dollars,everyone who holds more than a bitcoin will be using a light weight wallet as it not advisable or safe to store your assets in an online service.Bitcoin is not here to take over banks,it is a here for a different reason and i am happy with it.
full member
Activity: 234
Merit: 100
June 06, 2017, 01:53:21 AM
Your saying banks will disappear because of bitcoin then your wrong do you think banks are running only because of fund transfer there is lots of purpose of bank where do you get loan if bank doesn't exist how about credit card how about your insurance schemes how about your savings . Yes banks will loose some of its profit but not it completely disappear
Yes banks will loose some of its profit but not it completely disappear. Bitcoin is a part of finance. Bitcoin won't replace or eliminate finance because it can't.
Banks will stay despit the growing popularity of bitcoin. They may compete each other but nonetheless they provide services in different ways that is banks for fiats while wallets for bitcoin and other cryptocurrencies.
hero member
Activity: 1043
Merit: 500
June 06, 2017, 01:46:06 AM
Your saying banks will disappear because of bitcoin then your wrong do you think banks are running only because of fund transfer there is lots of purpose of bank where do you get loan if bank doesn't exist how about credit card how about your insurance schemes how about your savings . Yes banks will loose some of its profit but not it completely disappear
Yes banks will loose some of its profit but not it completely disappear. Bitcoin is a part of finance. Bitcoin won't replace or eliminate finance because it can't.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
June 06, 2017, 01:42:07 AM
No one is insane enough to put their bitcoin in a bank because bitcoin is based on the decentralized system while banks are centralized. Therefore, there is no way for banks to integrate bitcoin in their system. And in the future, both of these features will exist because they have their own weakness and strength

Really?

https://blockchain.info/en/wallet/#/
13 Million+ Wallets

Seems like a lot of people are just using this v 2.0 bank.

How many here are keeping their own wallets on they computers and how many are using online services and online wallets?
I have the suspicion the percentages are the same with people keeping money in the bank and at home

sr. member
Activity: 910
Merit: 252
June 06, 2017, 01:36:44 AM
Your saying banks will disappear because of bitcoin then your wrong do you think banks are running only because of fund transfer there is lots of purpose of bank where do you get loan if bank doesn't exist how about credit card how about your insurance schemes how about your savings . Yes banks will loose some of its profit but not it completely disappear
newbie
Activity: 25
Merit: 0
June 06, 2017, 01:23:04 AM
No this is not possible for the Bitcoin to replace the bank or make the bank system dissapear , it is because the many people entering in the Bitcoin for the earning and after the earnings they sell Thier Bitcoin for bank money , so this is only the thing of bank money system .
People always working hardwork for the bank money .
And also here you can see that in the bank system we have the assurance of the money that will not get loss because money remain like the offline ( remain online ) but with the passbook and ekyc verification we have truth with the bank system .
Black system have many limitations in comparison of Bitcoin but still Bitcoin can't replace bank .

True, I see bitcoin more viewed as an investment tool than as a "money" or a tool of transactions of goods and services, and it will not make Banks disappear, if it can synergize between banks and bitcoins, it would be very profitable
hero member
Activity: 882
Merit: 500
June 05, 2017, 11:48:52 PM
No this is not possible for the Bitcoin to replace the bank or make the bank system dissapear , it is because the many people entering in the Bitcoin for the earning and after the earnings they sell Thier Bitcoin for bank money , so this is only the thing of bank money system .
People always working hardwork for the bank money .
And also here you can see that in the bank system we have the assurance of the money that will not get loss because money remain like the offline ( remain online ) but with the passbook and ekyc verification we have truth with the bank system .
Black system have many limitations in comparison of Bitcoin but still Bitcoin can't replace bank .
full member
Activity: 196
Merit: 100
June 05, 2017, 11:44:41 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?


Bitcoin could not make banks disappear.Banks would exist.But bitcoin would minimise the number of people who use banks.Banks have already started suffering from revenue loss which they got from transactions because of bitcoins.In future,bitcoin may be only used for lending loans.
newbie
Activity: 17
Merit: 0
June 05, 2017, 11:23:30 PM
For me not . Bitcoin has own wallet . But banks can be safe Your Money not  like Bitcoin wallet may  be Hack..
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