Topic: Can Bitcoin make Banks disappear? - page 128. (Read 427614 times)
I think that will be impossible, they will adapt to the new reality and adopt the new technologies only when they are mature
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?
Your confusing the country Japan with the government of Japan and with companies and business in Japan.
Three different entities with different role in the so called "acceptance" of bitcoin.
Japan as a country is not accepting bitcoin payments. And there is no other country that would pay Japan in bitcoins.
The government in japan has nothing to do with payments. They don't take payments. They just issue legislation.
Now the third one are the ones that can really use bitcoin. But you won't be able to force a merchant to accept bitcoins not can someone force you to accept your change in bitcoins.
Taxes are collected juts as you collect in any other country.
You sell 10 donuts you pay taxes. It doesn't matter how you got payed for them
.
It wont bank will always be the best place to store your Money .
No Replacement For bank In near future .
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.
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.
We know that Japan can adopt almost everything and when bitcoin is on their economy, the bank will still play a very good part in the adoption of bitcoin. But it will never make the banks disappear because the government will back it up. And we will see in the upcoming years if there will be a great change and adoption.
It wont bank will always be the best place to store your Money .
No Replacement For bank In near future .
No Replacement For bank In near future .
Bitcoin - this is the replacement for banks. But the problem is that the government will never allow the disappearance of banks. Bankers and officials have always worked together. If the government chooses that bitcoin displaces banks, it will prohibit the use of bitcoin
How can bitcoin be a replacement to banks? Bitcoin is a digital currency, it is a digital currency that we people, can supervise freely. Some might not use banks, some will still use. Bitcoin will not replace fiat,so, until there is fiat, there will be also a bank to store the money there.
Paper money may disapper but banks will never become obsolete. They have service that only they can do. Bitcoin cannot store physical things and that is the reason why Bitcoin will never make banks disappear. Aside from that people will keep on using banks no matter what happen.
It wont bank will always be the best place to store your Money .
No Replacement For bank In near future .
No Replacement For bank In near future .
Bitcoin - this is the replacement for banks. But the problem is that the government will never allow the disappearance of banks. Bankers and officials have always worked together. If the government chooses that bitcoin displaces banks, it will prohibit the use of bitcoin
How can bitcoin be a replacement to banks? Bitcoin is a digital currency, it is a digital currency that we people, can supervise freely. Some might not use banks, some will still use. Bitcoin will not replace fiat,so, until there is fiat, there will be also a bank to store the money there.
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?
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.
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.
It wont bank will always be the best place to store your Money .
No Replacement For bank In near future .
No Replacement For bank In near future .
Bitcoin - this is the replacement for banks. But the problem is that the government will never allow the disappearance of banks. Bankers and officials have always worked together. If the government chooses that bitcoin displaces banks, it will prohibit the use of bitcoin
The government should benefit from the use of bitcoin and if it is, then it is possible to crowd out banks. It is just necessary that a younger generation come to power, which more trusts modern technology.
It wont bank will always be the best place to store your Money .
No Replacement For bank In near future .
No Replacement For bank In near future .
Bitcoin - this is the replacement for banks. But the problem is that the government will never allow the disappearance of banks. Bankers and officials have always worked together. If the government chooses that bitcoin displaces banks, it will prohibit the use of bitcoin
It wont bank will always be the best place to store your Money .
No Replacement For bank In near future .
No Replacement For bank In near future .
nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.
Even bitcoin has a lot of years, it's still not enough to make the banks disappear because the banks are very strong and it is supported by the government and the governments will not allow bitcoin to beat their banks and take over the financial system. Bitcoin will be just like paypal and it will not make banks disappear.Bitcoin is nothing like Paypal. Bitcoin will not make banks disappear as it makes no difference for banks if they work with usd or bitcoins.
Banks has the people trust, even with some manipulation and too much control above your money, bitcoin is a medium-high risk investment since the price changes a lot, but its supposed to get value over time. The fact is people will keep making their loans over banks, which they can pay in 20-40 years, something with bitcoin there is no way to make such, atleast not yet.
The government will also not let their bank dissapear. Bank has power to influence the country economy. the interest rate, inflation and currency valus are highly correlated. The central bank is setting the interest rate to affect the inflation. Every now and then I hear another funny thing about bitcoin from idiots around here.
So bitcoin is a website!!
How could I have missed that?
I've got the "involvement" part.
nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.
Even bitcoin has a lot of years, it's still not enough to make the banks disappear because the banks are very strong and it is supported by the government and the governments will not allow bitcoin to beat their banks and take over the financial system. Bitcoin will be just like paypal and it will not make banks 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?
It is very impossible that the banks will disapper because of the bitcoin. It can't be happen. But maybe banks will use bitcoin in future and create different bitcoin accounts. Bank is very important to us and we need bank. "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?
nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.
Bitcoin never make banks get disappeared. Banks are the economy backing system without which we could have never grown or could have never experienced such a growth in within our country as well in other sectors. Possibly both are essential for a successful growth.
I think if the use of the bitcoin massive then people will distract from real money transactions to the bitcoin. Banks are very likely to disappear because the user is gone.
It's not gonna happen, massive use will not hit a majority of the worlds population, bitcoin is not simple to understand and big number of the world's population are living a poor life or under poverty, do you think they will bother to spend time researching on how to use bitcoin without earning from it?I guess not, people are saying that bitcoin can give earning but it's not, it is a currency as per general definition.
Banks has the people trust, even with some manipulation and too much control above your money, bitcoin is a medium-high risk investment since the price changes a lot, but its supposed to get value over time. The fact is people will keep making their loans over banks, which they can pay in 20-40 years, something with bitcoin there is no way to make such, atleast not yet.
The government will also not let their bank dissapear. Bank has power to influence the country economy. the interest rate, inflation and currency valus are highly correlated. The central bank is setting the interest rate to affect the inflation. 
I think if the use of the bitcoin massive then people will distract from real money transactions to the bitcoin. Banks are very likely to disappear because the user is gone.
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