Can Bitcoin make Banks disappear? - page 127.

paul gatt

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Quote from: rhamzter on May 28, 2017, 03:03:50 AM

It's a long road for Bitcoin before can make disappear the bank. Because bank is a stable institution, it was earn a lot of trust from the people. Moreover, bitcoin was started to know by the people as currency. But I think sooner or later bitcoins were become famous in the digital currency and bank were still stand up.

I always assert that bitcoin can not make the banks disappear. Because that will never happen, although bitcoin exists without the banks, but it does not compete with banks, in contrast, people use banks and cash as the method to buy bitcoin.

rhamzter

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It's a long road for Bitcoin before can make disappear the bank. Because bank is a stable institution, it was earn a lot of trust from the people. Moreover, bitcoin was started to know by the people as currency. But I think sooner or later bitcoins were become famous in the digital currency and bank were still stand up.

pitiflin

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Bitcoin is the future of all currencies,there is a high possibility of banks disappearing in the near future as the advancement of technology is already created online banking ,soon people will stop going to banks and banks will be totally forgetten as people will do all their financial transactions with the help of internet

myelbow4

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Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.

dasana212

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Certainly not. Banks always exist in every country, because bank is a financial entity that attracts and issues money in society, mainly providing credit and services in traffic payments and circulation of money

momagic

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I dont think that will happen. I think that the most people just need the normal banks. Some people doesnt even know that Bitcoins exist.
I hope later that more people will get to know about Bitcoin and that more people will use it in the future.

MoneyIsDebt

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Quote from: Rufsilf on May 20, 2017, 08:15:36 AM

Banks cannot be disappear by just popularity of bitcoin because banks are already well established and a lot of people now are using banks as a storage of their money and bitcoin cannot break that connection and makes banks disappear.

Yeah I think banks have its own importance it use want to use your bitcoin for shopping in your daily life from any practical shop or store you have to exchange it in the fait money.
and you have to store it in the bank so, I think it will increase the use of bank.

FlightyPouch

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Quote from: millgates on May 26, 2017, 09:11:05 PM

I do not think that bitcoin can make banks dissapear because bank can influence the economy of the country. But may be the bank usage can reduced by bitcoin usage. By the way so many people pretend bitcoin such as the future of money.

Bitcoin will never make banks disappear, but your reason, or what you are thinking is wrong. Bitcoin can influence the economy of one's country, so that will never be a reason. Fiats will be used forever because all of the people in these world are used to that kind of payment, it is been running for so many years now. And as long as there are using fiats, there will still be banks. Also, not all the people can afford an internet and have a bitclin wallet.

millgates

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I do not think that bitcoin can make banks dissapear because bank can influence the economy of the country. But may be the bank usage can reduced by bitcoin usage. By the way so many people pretend bitcoin such as the future of money.

Osarman

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Quote from: mudboy93 on May 26, 2017, 12:49:06 PM

I don't think it will happen or bitcoin making banks disappear because banks is a very important in the current financial system, there needs to be a system offering interest for getting capital and investing it which is the actual meaning of investment and capital financial system.

yeah i also feel that its impossible that bitcoin will be dissapear the bank i think bank is very important for each country and we know that bank controlling the economy of any country so it can not happen.

richkellj

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Quote from: fullypak on May 19, 2017, 08:59:15 AM

Quote from: the rise on May 19, 2017, 08:30:44 AM

Quote from: boyptc on May 19, 2017, 08:15:54 AM

Quote from: Alif Mahardika on May 12, 2017, 02:04:20 AM

nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.

Yes I believe that there's nothing impossible but with this thing, the chance to make the banks disappear is not that too high. And that's why I really don't think that the banks will have good time to make the banks disappear because they are needed by our society and bitcoin cannot handle the whole economy if there's no bank.

Banks are under government supervision, until whenever banks will remain the best, what the Japan government is doing now is very good where the bank trying to manage the management and system adaptation and taxation bitcoin systematically.

Once any one country accepts this bitcoin and manages it in a proper way like how Japan is doing now. Then remaining countries also start to accept this currency. Japan took initiate, and they are doing good in bitcoin transaction. I don't know how they are managing this bitcoin transaction and how they collect tax from this BTC transaction. Any one have any idea about this?

I thought that we were here to discuss the topic of the bank disappearance but you are far away from it and are talking about the japan acceptance of the Bitcoin. I guess there is no link anyway let’s considers that yes they do have a link but to my opinion Japan must be involving its banks in this whole story.

Noctis Connor

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Quote from: anami57 on May 26, 2017, 10:02:48 AM

It will not happen. bank was established by state to run its program. And bitcoin is digital currency, bitcoin can be a global currency, but bank will and always needed by everyone in the world.

True with that bank is the first established by state to save our money or in money laundering called loan bitcoin i just a currency from internet that can be use only fron internet too it can't use in physical thing lmao but i have faith on bitcoin that in near future everything will be chaange because of this tread currency.

sana54210

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Quote from: batang_bitcoin on May 20, 2017, 06:22:12 AM

Quote from: akija on May 19, 2017, 05:33:26 AM

It wont bank will always be the best place to store your Money .

No Replacement For bank In near future .

This is what I can see in the future even bitcoin will be popular and will be on the trend still I believe that banks will remain. The government and the whole country needs a bank to play for the economy. I don't think that the government will allow bitcoin to do something or manipulate the banking system because it's a big source of income for them.

Yes I agree that the banks will exist. Actually those who talk about that the banks will disappear have no idea of the function of a bank for a state.

Being a student of economics I know that the only work of the bank is not transactions but in fact the bank and specially the central bank is the institution works as the back bone of a country’s economic system.

mudboy93

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I don't think it will happen or bitcoin making banks disappear because banks is a very important in the current financial system, there needs to be a system offering interest for getting capital and investing it which is the actual meaning of investment and capital financial system.

anami57

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It will not happen. bank was established by state to run its program. And bitcoin is digital currency, bitcoin can be a global currency, but bank will and always needed by everyone in the world.

Pinkris128

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Quote from: kevin go on January 11, 2016, 09:48:55 PM

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...

I think that is very impossible to happen. Even in a long time. One possible thing that could happen is the bank will accept bitcoin as a real currency. Bank is not that easy to replace and its more useful as of now than bitcoin because bitcoin is not that popular like banks.

Armstand

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Quote from: Seville on May 26, 2017, 08:50:32 AM

Banks will never dissapear.. how can we buy bitcoins with fiat then? Grin

There is still a need for banks ,bitcoin alone can't use without bank since there is limited option yet to use btc.

Seville

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Banks will never dissapear.. how can we buy bitcoins with fiat then?

richkellj

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Quote from: Rufsilf on May 20, 2017, 08:15:36 AM

Banks cannot be disappear by just popularity of bitcoin because banks are already well established and a lot of people now are using banks as a storage of their money and bitcoin cannot break that connection and makes banks disappear.

Well how so ? I am not sure that the banks will survive in such a condition that the transactions and the financial matters will all be dealing through the BTC and the crypto exchange. The banks will be left with almost no role to be there. This will be the time when the banks will wind up.

Rufsilf

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Banks cannot be disappear by just popularity of bitcoin because banks are already well established and a lot of people now are using banks as a storage of their money and bitcoin cannot break that connection and makes banks disappear.

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