Topic: Can Bitcoin make Banks disappear? - page 129. (Read 427614 times)
i dont think bitcoin will ever become more mainstream than real money so no
Yes, bitcoin can not completely replace real money. It will exist as an additional currency, if nobody destroys it.
i dont think bitcoin will ever become more mainstream than real money so no
It seems to me that the concept of a bank in any case remains. Perhaps it will somehow change, but over the long years the bank is convenient for the whole of mankind to store currency and make money transactions. Perhaps for bitcoin, from time to time, their digital banks will be created.
Bitcoins will remain uncontrolled by the government and people would prefer that way, even if there is a bank that caters bitcoin and gives insurance like fiat banking does, I would not put all my money, I have to remain anonymous because the moment I entrust my money in the bank I will be force to agree with their terms and they want to implement the KYC which is not being done in crypto of which we are enjoying also. 
It seems to me that the concept of a bank in any case remains. Perhaps it will somehow change, but over the long years the bank is convenient for the whole of mankind to store currency and make money transactions. Perhaps for bitcoin, from time to time, their digital banks will be created.
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?
Actually, bitcoin can not make banks disappear as it is the primary material to convert your bitcoin/fiat money vice versa. Also, bitcoin also needs bank thus, disappearing of banks won't happen wether the fiat are a bout to dicrease its volume."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?
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. 
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?
Actually, bitcoin can not make banks disappear as it is the primary material to convert your bitcoin/fiat money vice versa. Also, bitcoin also needs bank thus, disappearing of banks won't happen wether the fiat are a bout to dicrease its volume. "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?
The Bank full supported by the Government, in any conditions the bank will continue to exist and will be maintained through subsidies. Bitcoin can not make banks disappear.
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. World and technology are very advanced right now. However, that does not mean the bank will disappear, instead the bank will innovate with this progress. Banks are needed by every country and its citizens.
if we think that bitcoin is also play a role of bank , in bank your money in control of your bank or country government and bitcoin is in our own control no one can stole or hold our balance and bitcoin fees is very much low than bank i hope one day bitcoin will be disappear the bank in the future. Aren't bitcoin wallets banks themselves? You do not need a big bank if you have bitcoin wallet that is not being controlled by anyone but you!
World and technology are very advanced right now. However, that does not mean the bank will disappear, instead the bank will innovate with this progress. Banks are needed by every country and its citizens.
if we think that bitcoin is also play a role of bank , in bank your money in control of your bank or country government and bitcoin is in our own control no one can stole or hold our balance and bitcoin fees is very much low than bank i hope one day bitcoin will be disappear the bank in the future. bitcoin has already have an ATM machine just like ATM of a bank. I found one in UK my friend told me that they can transact pound to bitcoin and bitcoin to pound. The bank may not disappear they will only adopt bitcoin because bitcoin is only digital currency and different to local paper money.
That is correct. I also believe that bank will just adopt bitcoin and not really disappear - that thing is close to impossible and if it really happens, maybe 50-100 years from now, I don't know
No it will never happen banks are not going anywhere as even if bitcoin becomes more popular in future there will be certain bunch of people who will prefer only to use banks as they have a feeling that their money in safe in banks which is actually true and no one knows how long bitcoin will survive in future.
World and technology are very advanced right now. However, that does not mean the bank will disappear, instead the bank will innovate with this progress. Banks are needed by every country and its citizens.
if we think that bitcoin is also play a role of bank , in bank your money in control of your bank or country government and bitcoin is in our own control no one can stole or hold our balance and bitcoin fees is very much low than bank i hope one day bitcoin will be disappear the bank in the future. bitcoin has already have an ATM machine just like ATM of a bank. I found one in UK my friend told me that they can transact pound to bitcoin and bitcoin to pound. The bank may not disappear they will only adopt bitcoin because bitcoin is only digital currency and different to local paper money.
That is correct. I also believe that bank will just adopt bitcoin and not really disappear - that thing is close to impossible and if it really happens, maybe 50-100 years from now, I don't know
World and technology are very advanced right now. However, that does not mean the bank will disappear, instead the bank will innovate with this progress. Banks are needed by every country and its citizens.
if we think that bitcoin is also play a role of bank , in bank your money in control of your bank or country government and bitcoin is in our own control no one can stole or hold our balance and bitcoin fees is very much low than bank i hope one day bitcoin will be disappear the bank in the future. bitcoin has already have an ATM machine just like ATM of a bank. I found one in UK my friend told me that they can transact pound to bitcoin and bitcoin to pound. The bank may not disappear they will only adopt bitcoin because bitcoin is only digital currency and different to local paper money.
World and technology are very advanced right now. However, that does not mean the bank will disappear, instead the bank will innovate with this progress. Banks are needed by every country and its citizens.
if we think that bitcoin is also play a role of bank , in bank your money in control of your bank or country government and bitcoin is in our own control no one can stole or hold our balance and bitcoin fees is very much low than bank i hope one day bitcoin will be disappear the bank in the future. World and technology are very advanced right now. However, that does not mean the bank will disappear, instead the bank will innovate with this progress. Banks are needed by every country and its citizens.
if we think that bitcoin is also play a role of bank , in bank your money in control of your bank or country government and bitcoin is in our own control no one can stole or hold our balance and bitcoin fees is very much low than bank i hope one day bitcoin will be disappear the bank in the future. Aren't bitcoin wallets banks themselves? You do not need a big bank if you have bitcoin wallet that is not being controlled by anyone but you!
World and technology are very advanced right now. However, that does not mean the bank will disappear, instead the bank will innovate with this progress. Banks are needed by every country and its citizens.
if we think that bitcoin is also play a role of bank , in bank your money in control of your bank or country government and bitcoin is in our own control no one can stole or hold our balance and bitcoin fees is very much low than bank i hope one day bitcoin will be disappear the bank in the future. 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.
These are some solid reasons but still many peoples have too many services with banks which bitcoin cannot provide them right now even in near future just because of this they are not going any where even bitcoins going to more popular in world 
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.
Banks will not dissappear. We will still need banks as not everyone will use Bitcoin. We are already seeing banks for Bitcoin. If anything banks as we know them may have to move with the times and start bitcoin accounts. At the end of the day banks make money of our money they will want to try making money from bitcoin too.
Bank is a system of money. So you are right people needs system to support or to finance money. Bitcoin is way more different to bank, meaning that bitcoin is not a bank itself because bitcoin does not have that specific system for example its transaction and price. In bank there is need on investing and investment which make money grow. But in bitcoin its price is an investment itself but it always follow the support of the users. For me banks will not disappear because of bitcoin but instead bank may support bitcoin for a wider scale coverage transactions and development.Jump to: