Topic: Can Bitcoin make Banks disappear? - page 145. (Read 427614 times)
I am not so sure if bitcoin bank is able to make disappear. Well, most people today have to trust the bank, especially if the bank could give them a loan to a business. it is an important point that is owned by a bank, it is very difficult finding a loan of bitcoin so great for a business.
It is unfair to say Bitcoin will make banks disappear most Bitcoins earned are being converted to our respective local currencies and this can be cashed out via banking system, Bitcoin and Banks are different entity so therefore one works to compliments the other.
Apparently they can, by funding people like Jihan Wu to push software that will divide the community and kill the network effect.
So let's wait and see what happens, and hope JihanCoin dies soon. Maybe this is another stone in the way towards bitcoin's success that we have to beat.
So let's wait and see what happens, and hope JihanCoin dies soon. Maybe this is another stone in the way towards bitcoin's success that we have to beat.
Maybe question should be oposite? Can banks disappear the bitcoin ? As we know there is total limit of bitcoins right and transaction are irreversible. So if the banks will start buying big amounts of bitcoins from users and send them to notexisting btc address and make them "lost". Then there will be just few bitcoins in place and that will be end. 
Bank currency will not disappear, however the bank is a legitimate means of transaction in this world that want to make bitcoin bank ya have to make their own currency should not omit to say that I could not menghilankan bitcoin bank money thanks 
Yeh it might be a possible caus if bitcome gain more popularity than liquid cash or any other kind of e-cash transfer..but this will not happen in near future..it may take long time for bitcom to gain popularity..
Its hard to believe that banks will completely disappear in future as banks are the most strongest financial institution that we have and comparatively bitcoin is very young and small and even if it becomes more popular in future there will be many people and businesses that will be dependent on banks for their transactions.
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?
"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?
I dont know if it is possible because if im not mistaken banks are being held by the governments too. They pay a big taxes for goverment, and here in our cointry tax has been deducted to users.
Yeh it might be a possible caus if bitcome gain more popularity than liquid cash or any other kind of e-cash transfer..but this will not happen in near future..it may take long time for bitcom to gain popularity..
Its hard to believe that banks will completely disappear in future as banks are the most strongest financial institution that we have and comparatively bitcoin is very young and small and even if it becomes more popular in future there will be many people and businesses that will be dependent on banks for their transactions.
I think the real question that is; What kind of service would banks provide, in order to stay relevant, if Bitcoin were to become the dominant currency?
Banks would not disappear as long as most people are still using fiat money. But they could still exist of Bitcoin becomes the major currency. Many centuries ago, banks came into existence by acting as a safe for storing people's money. As people stored their money in the banks, the banks started lending this money out and collecting a fee from the lenders. Then, later on, they started offering some portion of this interest to the depositors. If Bitcoin would become the major form of currency, the banks could offer special security services for securing Bitcoins, and they could also lend money on behalf of people who store their Bitcoins on the banks secure servers.
Yeh it might be a possible caus if bitcome gain more popularity than liquid cash or any other kind of e-cash transfer..but this will not happen in near future..it may take long time for bitcom to gain popularity..
Yes the possiblity is there but then it takes time a long long time to happen because we do not know how bitcoin will gonna work someday, once the government support bitcoin for sure people will gonna make pump up everywhere like banks and there if people transfer from bank to bitcoin for sure bank will gonna disappear
Would be a great idea. Bitcoin feels like the future to me than the current boring banking system.
all people agree that bitcoin will not make bank disappear,the only possible thing is bitcoin will compete banks,and it start happen in this year,but some event will decide how long and how far bitcoin will make bank feel awfull with bitcoin existence.
very true indeed. bitcoin is not the main currency used by everyone, and also a currency could be valuable because there are under each country. So it was very lucky and auspicious if bitcoin appears in the absence of a legal trial and became the bitcoin main dealers, the Bank is the currency that exists in every country. So if the Bank lost then all the money released by the Bank will be lost and the position of countries which guarantee the bank will disappear as well. So, maybe the banks will not be lost, but the bank only looking for a way out to facilitates its users. using bitcoin system one, etc.
true, it is impossible that bank will disappear, bitcoin may vary in terms that it can goes in promoting in some banks but not literally it will replace bank. Bitcoin banks structurally may not happen in near future maybe when its in more development needed.
all people agree that bitcoin will not make bank disappear,the only possible thing is bitcoin will compete banks,and it start happen in this year,but some event will decide how long and how far bitcoin will make bank feel awfull with bitcoin existence.
very true indeed. bitcoin is not the main currency used by everyone, and also a currency could be valuable because there are under each country. So it was very lucky and auspicious if bitcoin appears in the absence of a legal trial and became the bitcoin main dealers, the Bank is the currency that exists in every country. So if the Bank lost then all the money released by the Bank will be lost and the position of countries which guarantee the bank will disappear as well. So, maybe the banks will not be lost, but the bank only looking for a way out to facilitates its users. using bitcoin system one, etc.
Yeh it might be a possible caus if bitcome gain more popularity than liquid cash or any other kind of e-cash transfer..but this will not happen in near future..it may take long time for bitcom to gain popularity..
Its hard to believe that banks will completely disappear in future as banks are the most strongest financial institution that we have and comparatively bitcoin is very young and small and even if it becomes more popular in future there will be many people and businesses that will be dependent on banks for their transactions.
Yeh it might be a possible caus if bitcome gain more popularity than liquid cash or any other kind of e-cash transfer..but this will not happen in near future..it may take long time for bitcom to gain popularity..
Its hard to believe that banks will completely disappear in future as banks are the most strongest financial institution that we have and comparatively bitcoin is very young and small and even if it becomes more popular in future there will be many people and businesses that will be dependent on banks for their transactions.
I agree with some people out there..
I believe that one day bank will gonna disappear because in years ago people do not have Bank to transfer their money or save their money. And once people fully accept bitcoin and by the government the start of bank disappering will happen. Support is only bitcoin needs from the government.
I believe that one day bank will gonna disappear because in years ago people do not have Bank to transfer their money or save their money. And once people fully accept bitcoin and by the government the start of bank disappering will happen. Support is only bitcoin needs from the government.
It's far from happening. Support from government is like asking your boss to make you hold his money when he has no idea who you are. Banks are holding many transaction, from local to sometimes up to abroad. They do not just deal with money.
I do agree that soon banks will be more into going digital in transactions to make their transactions faster, with that said, I am sure banks will evolve too.
I agree with some people out there..
I believe that one day bank will gonna disappear because in years ago people do not have Bank to transfer their money or save their money. And once people fully accept bitcoin and by the government the start of bank disappering will happen. Support is only bitcoin needs from the government.
I believe that one day bank will gonna disappear because in years ago people do not have Bank to transfer their money or save their money. And once people fully accept bitcoin and by the government the start of bank disappering will happen. Support is only bitcoin needs from the government.
It's far from happening. Support from government is like asking your boss to make you hold his money when he has no idea who you are. Banks are holding many transaction, from local to sometimes up to abroad. They do not just deal with money.
I do agree that soon banks will be more into going digital in transactions to make their transactions faster, with that said, I am sure banks will evolve too.
Yeh it might be a possible caus if bitcome gain more popularity than liquid cash or any other kind of e-cash transfer..but this will not happen in near future..it may take long time for bitcom to gain popularity..
I agree with some people out there..
I believe that one day bank will gonna disappear because in years ago people do not have Bank to transfer their money or save their money. And once people fully accept bitcoin and by the government the start of bank disappering will happen. Support is only bitcoin needs from the government.
I believe that one day bank will gonna disappear because in years ago people do not have Bank to transfer their money or save their money. And once people fully accept bitcoin and by the government the start of bank disappering will happen. Support is only bitcoin needs from the government.
Yeh it might be a possible caus if bitcome gain more popularity than liquid cash or any other kind of e-cash transfer..but this will not happen in near future..it may take long time for bitcom to gain popularity..
once people realized about how fool they are regulated by greedy government they will leave banks and move to bitcoin
bitcoin has anything that everyone dreaming about freedom.
Yeh it might be a possible caus if bitcome gain more popularity than liquid cash or any other kind of e-cash transfer..but this will not happen in near future..it may take long time for bitcom to gain popularity..
once people realized about how fool they are regulated by greedy government they will leave banks and move to bitcoin
bitcoin has anything that everyone dreaming about freedom.
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