Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.
So what is the problem with it.Unless there is a crisis you are able to get what to own. Just imagine that you have saved all your money as digital asset and consider that there is a natural disaster ,what would you do the redeem your assets for real valued product.So we need every option and these options are good for the future. 
Topic: Can Bitcoin make Banks disappear? - page 149. (Read 427614 times)
Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.
That is because the habit of the people. although it is very difficult to make a bank dissapear now, but the use of banks in society will be reduced little by little. especially in fintech industry.Banks have their own way of innovating themselves, those owners also has a future plan for their business just like how the bank innovates them selves from simple holding a money to releasing bank cheques, and now those electronic cards.
Besides fintech that you are talking about is not a reason why bank number would start to reduce, in fact, it could even boost the banking industry, it's like combining the traditional way of banking and the latest.
May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.
I mean people will use in very less amount because they have already a fascility of bitcoin bank .
Completely you are mistaken because bitcoin is digital currency, even now without banks people cannot able to able to buy bitcoin. Right now there are less bitcoin banks so it might take ages to setup banks. Because government are still in testing stage of block chain, so right now only banking system will lead the countries.
May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.
Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.
That is because the habit of the people. although it is very difficult to make a bank dissapear now, but the use of banks in society will be reduced little by little. especially in fintech industry.
Just imagine how many banks heavily logged in the lives of people. Who will not do any action without the bank. Salary, utilities payments and other financial matters, everything happens through the bank.
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?
No , it is not possible because this is only bank that has his direct offices and department that has direct communication with the user of bank and bank money ."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?
Secondly in the bank money we have assurance of security of our money and without bank and bank money we can't deal with bitcoin also .
So Banks have a better position in the world for every country for its economical growth and also for the reason to work for bitcoin only for bank money .
May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.
I mean people will use in very less amount because they have already a fascility of bitcoin bank .
May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.
I mean people will use in very less amount because they have already a fascility of bitcoin bank .
May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.
May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.
I do not think bitcoin can destroy the banks. People do not change their habits easily. They also trust the bank too much. If the bitcoin starts to be used by a few billion people around the world, the banking system could end up.
But the states will not allow it. States always support systems they can control.
But the states will not allow it. States always support systems they can control.
I think that's far from happening. Just imagine how many bitcoins are there, and if billions will be sharing it, then everyone will be getting a few thousands satoshi. It's not that the state wants something that they control, but it's all about the ease, and what's good for their economy. Bitcoin could help the economy, but as a currency of a certain country, it's hard to happen, but in banking, it is possible.
Yes it would be a dream to expect something like this for the next 5 years. But a country like Liberland has accepted bitcoin as its official currency. It would be funny to wait for developed countries to accept such a thing.
But with technology everything changes and changes very quickly. After 50 years, maybe bitcoin can be used by half of world population.
States may have accepted bitcoin. 50 years is enough time for such a thing to happen.
The concept of power can change over time. Economic systems, ideological systems, beliefs and religious views have constantly changed throughout human history.
So it is not possible to know what will happen to monetary systems in the future. Everything can happen.
May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.
can not because bitcoin just a digital currency , and not always life..
Yes indeed, Bitcoin 'not always life' or it can't to be live forever because it has limited supply and it is just a digital currency and it can lose for the incoming cryptocurrencies or digital currencies in the future because if the bitcoin doesn't improve for this next few years, I'm sure that the users or the community will migrate to another coin.I agree no matter how people want to change the system it is already embedded in the culture of people passed down from generation to generation that if you have money put it in the bank. So I guess Bitcoin will never make the bank disappear, probably bitcoin would have disappear but bank will stay forever.
can not because bitcoin just a digital currency , and not always life..
Yes indeed, Bitcoin 'not always life' or it can't to be live forever because it has limited supply and it is just a digital currency and it can lose for the incoming cryptocurrencies or digital currencies in the future because if the bitcoin doesn't improve for this next few years, I'm sure that the users or the community will migrate to another coin.
Bitcoin virtually no effect on the banking system. I think that bitcoin his blockchain technology only helped the banks to perfect and to keep pace with the times.
May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
That is not possible bitcoin can never make disappear as bitcoin is too small in compare to banks and banks also have an support from the Government and the people which makes it even stronger, comparatively bitcoin is still to many people.
May be many of friends here is saying , that it is impossible for the bitcoin to dissapear the bank system .
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
But I think opposite of this . According to the current condition of bitcoin of increasing popularity and price will surely result into dissapear bank system.
Bitcoin is not that big enough that it can replace biggest financial institutions of the country and the users of banks are much higher in compare to bitcoins as not many are aware about bitcoins yet and those who are aware have more faith in banks in compare to bitcoins.
can not because bitcoin just a digital currency , and not always life..
Yes indeed, Bitcoin 'not always life' or it can't to be live forever because it has limited supply and it is just a digital currency and it can lose for the incoming cryptocurrencies or digital currencies in the future because if the bitcoin doesn't improve for this next few years, I'm sure that the users or the community will migrate to another coin.for the bank itself. it will continue to run look both have different functions
The banks can also open business for the bitcoin. That will cut their operating cost.
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