Can Bitcoin make Banks disappear? - page 139.

DoublerHunter

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Quote from: kikeda on April 10, 2017, 04:44:35 AM

Quote from: batang_bitcoin on April 10, 2017, 03:10:52 AM

Quote from: dianikusuma on April 08, 2017, 09:39:00 AM

i think can because bitcoin more easier than bank , can transfer money without we'll go to the bank .. save our money in wallet this is very easy

No, people aren't going to believe in bitcoin's power to make the banks disappear. And besides they aren't going to allow this to happen. We know that banks can't be flopped that easy. And banks have a backed up power from the state so I don't think this is very possible to happen.

Yup banks are the most powerful institution that we have and it will not be easy for bitcoin to make banks disappear as bitcoin is too small and not that powerful in compare to banks and even bitcoin lacks support from the Government.

Bitcoin is nothing compared to the banks because banks is already here since the time of our great great grandparents so i don't think bitcoin will have a chance to make the banks disappear or replace it. Bitcoin will be just another kind of money and additional to our world which can make other kind of things better but not a pure replacement for something.

kikeda

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Quote from: batang_bitcoin on April 10, 2017, 03:10:52 AM

Quote from: dianikusuma on April 08, 2017, 09:39:00 AM

i think can because bitcoin more easier than bank , can transfer money without we'll go to the bank .. save our money in wallet this is very easy

No, people aren't going to believe in bitcoin's power to make the banks disappear. And besides they aren't going to allow this to happen. We know that banks can't be flopped that easy. And banks have a backed up power from the state so I don't think this is very possible to happen.

Yup banks are the most powerful institution that we have and it will not be easy for bitcoin to make banks disappear as bitcoin is too small and not that powerful in compare to banks and even bitcoin lacks support from the Government.

Reid

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Quote from: Harlot on April 10, 2017, 03:21:54 AM

Quote from: posternat on April 08, 2017, 09:25:17 AM

Quote from: CODE200 on April 06, 2017, 10:16:35 AM

I think bitcoin can't make bank disappear because banks are still more useful than bitcoin and banks are run by the goverment and the government are more powerful than the people who runs bitcoin. But if no one are still using the bank there's a big chance that bitcoin can make the bank disappear.

You are first person who said this answer very clear and i am certain with you. Because i also think like you, bitcoin can't disappear the bank. Because all banks work under the government and government is more powerful than bitcoin's users.

I agree with you with all of what you said but I like to clarify one thing about Banks being ran by the government. Banks are regulated by the government in the means of rules/regulations/limitations but they are not exactly controlled by the government. The bank's customers and their accounts is still protected by means of privacy in which the government cannot instantly request from banks. Also banks are not some kind of special industry they are still businesses ran by corporations in which they need to pay their respective taxes.

Okay there is privacy.
But how come they can get money from you whenever it has something to do with the government.
Parking tickets. Once unpaid with the due date they will force it by touching your bank account.
What the bank does after that? They will just inform you. They didnt even try to stop it for your own opinion first.
Now tell me. Is that right at the banks part? They dont even respect your decision.

Sapin

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No, I do not think that it can make banks disappear for a simple reason : their will always have a big demand for loans.

Harlot

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Quote from: posternat on April 08, 2017, 09:25:17 AM

Quote from: CODE200 on April 06, 2017, 10:16:35 AM

I think bitcoin can't make bank disappear because banks are still more useful than bitcoin and banks are run by the goverment and the government are more powerful than the people who runs bitcoin. But if no one are still using the bank there's a big chance that bitcoin can make the bank disappear.

You are first person who said this answer very clear and i am certain with you. Because i also think like you, bitcoin can't disappear the bank. Because all banks work under the government and government is more powerful than bitcoin's users.

I agree with you with all of what you said but I like to clarify one thing about Banks being ran by the government. Banks are regulated by the government in the means of rules/regulations/limitations but they are not exactly controlled by the government. The bank's customers and their accounts is still protected by means of privacy in which the government cannot instantly request from banks. Also banks are not some kind of special industry they are still businesses ran by corporations in which they need to pay their respective taxes.

batang_bitcoin

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Quote from: dianikusuma on April 08, 2017, 09:39:00 AM

i think can because bitcoin more easier than bank , can transfer money without we'll go to the bank .. save our money in wallet this is very easy

No, people aren't going to believe in bitcoin's power to make the banks disappear. And besides they aren't going to allow this to happen. We know that banks can't be flopped that easy. And banks have a backed up power from the state so I don't think this is very possible to happen.

Format.C^

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Quote from: lighpulsar07 on April 09, 2017, 11:20:43 PM

Quote from: TribalBob on April 09, 2017, 10:41:34 PM

Quote from: lighpulsar07 on April 09, 2017, 08:35:28 PM

No, bitcoin can't disappear banks because banks is more useful than bitcoin for example in online purchases banks can process the transaction fast with low fee unlike bitcoin you have to pay the high miner fee in order to prioritize your transaction and wait for a block to confirm your transaction.
Also the government is controlling the banks, they have support from the government and the society. In my own opinion

Delay in transaction will not be permanent and that issue will be solved in near future so you cannot say banks are better only for that single reason as there are many drawbacks even with the banks but even people will continue to use banks as they don't have any other choice.

Yes I agree with you but the increasing in difficulty to find a block is a problem too even if you paid the high priority fee, you will have to wait for a block 15-30mins or sometimes a hour.

I think waiting for an hour is not a big deal and most of the people will prefer to wait for that if they are earning good amount of bitcoins and they will ignore this issue as there are many advantages attached with bitcoins in compare to disadvantages.

lighpulsar07

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Quote from: TribalBob on April 09, 2017, 10:41:34 PM

Quote from: lighpulsar07 on April 09, 2017, 08:35:28 PM

No, bitcoin can't disappear banks because banks is more useful than bitcoin for example in online purchases banks can process the transaction fast with low fee unlike bitcoin you have to pay the high miner fee in order to prioritize your transaction and wait for a block to confirm your transaction.
Also the government is controlling the banks, they have support from the government and the society. In my own opinion

Delay in transaction will not be permanent and that issue will be solved in near future so you cannot say banks are better only for that single reason as there are many drawbacks even with the banks but even people will continue to use banks as they don't have any other choice.

Yes I agree with you but the increasing in difficulty to find a block is a problem too even if you paid the high priority fee, you will have to wait for a block 15-30mins or sometimes a hour.

TribalBob

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Quote from: lighpulsar07 on April 09, 2017, 08:35:28 PM

No, bitcoin can't disappear banks because banks is more useful than bitcoin for example in online purchases banks can process the transaction fast with low fee unlike bitcoin you have to pay the high miner fee in order to prioritize your transaction and wait for a block to confirm your transaction.
Also the government is controlling the banks, they have support from the government and the society. In my own opinion

Delay in transaction will not be permanent and that issue will be solved in near future so you cannot say banks are better only for that single reason as there are many drawbacks even with the banks but even people will continue to use banks as they don't have any other choice.

RedX

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No because it will lead to a world major crisis. Banks are very important because they are supporting thousands of jobs around the world and especially the government. Banks and Bitcoin can exist at the same time and I don't see any problem on that.

lighpulsar07

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No, bitcoin can't disappear banks because banks is more useful than bitcoin for example in online purchases banks can process the transaction fast with low fee unlike bitcoin you have to pay the high miner fee in order to prioritize your transaction and wait for a block to confirm your transaction.
Also the government is controlling the banks, they have support from the government and the society. In my own opinion

kikeda

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Quote from: dianikusuma on April 08, 2017, 09:39:00 AM

i think can because bitcoin more easier than bank , can transfer money without we'll go to the bank .. save our money in wallet this is very easy

Its really easy to save money in bitcoin wallet and also to send or receive money with bitcoins but the fact is it cannot replace banks as banks holds maximum number of users and banks have support from the society and government so banks will always survive.

dianikusuma

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i think can because bitcoin more easier than bank , can transfer money without we'll go to the bank .. save our money in wallet this is very easy

posternat

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Quote from: CODE200 on April 06, 2017, 10:16:35 AM

I think bitcoin can't make bank disappear because banks are still more useful than bitcoin and banks are run by the goverment and the government are more powerful than the people who runs bitcoin. But if no one are still using the bank there's a big chance that bitcoin can make the bank disappear.

You are first person who said this answer very clear and i am certain with you. Because i also think like you, bitcoin can't disappear the bank. Because all banks work under the government and government is more powerful than bitcoin's users.

Rostadom

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Quote from: Rinder on April 07, 2017, 02:07:41 PM

If banks join crypto world, we will have a huge problem, because banks like power and control, soo they will manipulate crypto. I hope they stay away since bitcoin isnt really a big problem to them, since they keep with their services of savings and lendings, something that at bitcoin is just possible the savings, because lendings is a high risk attempt, and even with some people lending here is for reputable members or with proper colateral.

I don't know how can the banks control bitcoins when it's unregulated and decentralized. Either they stay away or not, bitcoin will be safe from them as they cannot control it. They cannot blackmail or bribe someone since no one's in charge. They cannot pay the founder of bitcoin because there isn't any.

Bitcoin isn't a problem to them but when the number of bitcoin users blows up, it will start becoming their problem. They cannot tax the sales going on in the bitcoin world and when people start doing business online instead of offline (fiat), it will be a problem to them since they will collect lesser and lesser tax.

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Quote from: ipungadhi on April 07, 2017, 06:22:05 PM

Quote from: bitbob82 on April 07, 2017, 03:20:25 PM

Quote from: hawkins on April 07, 2017, 08:55:45 AM

bitcoin is currently not big enough and reliable for all communities. bitcoin might be able to compete with the bank, but I think bitcoin will not be able to make the banks disappear, because the bank is something big, and reliable is needed by the community.

but we have to accept the reality that bitcoin is becoming popular day by day and very soon when all the users of the world will start using bitcoin then banks will disappear automatically.

Lol I laughed at this, I also believe that bitcoin will be more popular but it will not make banks die or disappear. see the importance of banks for fiat and the government itself. central bank set the state finances

It will never happen because we do not have the power to do it, our government will manipulate everything in order to main in the power. Believe it or not, this world is not safe as we expected, we are being spied everywhere we go and only this who decentralized thing makes me convince that we can have freedom for the first time, but it's not possible to be fully adopted due to some government restrictions.

ipungadhi

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Quote from: bitbob82 on April 07, 2017, 03:20:25 PM

Quote from: hawkins on April 07, 2017, 08:55:45 AM

bitcoin is currently not big enough and reliable for all communities. bitcoin might be able to compete with the bank, but I think bitcoin will not be able to make the banks disappear, because the bank is something big, and reliable is needed by the community.

but we have to accept the reality that bitcoin is becoming popular day by day and very soon when all the users of the world will start using bitcoin then banks will disappear automatically.

Lol I laughed at this, I also believe that bitcoin will be more popular but it will not make banks die or disappear. see the importance of banks for fiat and the government itself. central bank set the state finances

mornabo

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Quote from: Lubang Bawah on April 07, 2017, 01:47:33 AM

If anyone says banks disappear because of the bitcoin, then emphatically I say it was impossible, that could make the banks disappear is the government policy not another.

its true. as a bank under the control of the government during the government banned the bitcoin bank will continue to live and bitcoin would not be able to beat the banks especially government

bitbob82

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Quote from: hawkins on April 07, 2017, 08:55:45 AM

bitcoin is currently not big enough and reliable for all communities. bitcoin might be able to compete with the bank, but I think bitcoin will not be able to make the banks disappear, because the bank is something big, and reliable is needed by the community.

but we have to accept the reality that bitcoin is becoming popular day by day and very soon when all the users of the world will start using bitcoin then banks will disappear automatically.

Rinder

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If banks join crypto world, we will have a huge problem, because banks like power and control, soo they will manipulate crypto. I hope they stay away since bitcoin isnt really a big problem to them, since they keep with their services of savings and lendings, something that at bitcoin is just possible the savings, because lendings is a high risk attempt, and even with some people lending here is for reputable members or with proper colateral.

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