Can Bitcoin make Banks disappear? - page 150.

death69

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Quote from: iqlimasyadiqa on February 25, 2017, 07:50:59 PM

Quote from: deppil on February 25, 2017, 07:30:23 PM

Quote from: bncbnc on February 24, 2017, 03:36:34 PM

Quote from: Sled on February 23, 2017, 12:33:14 PM

Quote from: Memeicomel on February 23, 2017, 03:24:45 AM

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.

yes that is as a fact although it is limited but still it will stay for ever/

nope i think bitcoin users are already comfortable using bitcoin. and they will continue to maintain bitcoin #imo
for the bank itself. it will continue to run look both have different functions

both will be run in accordance with the purpose of each. bitcoin has its own market and also the bank has demand. it can not be removed and will continue until one of them has a remarkable feature.

Time will answer us whether Bitcoin can sweep away bank or not. Bank is centralized and Bitcoin is decentralized. Both of them are not supporting each other. They are totally different and therefore, they can not live together in this planet. Bitcoin is still very weak. in the future, I hope that I can see more people using Bitcoin. Then, we can witness the war between bitcoin and banks

iqlimasyadiqa

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Quote from: deppil on February 25, 2017, 07:30:23 PM

Quote from: bncbnc on February 24, 2017, 03:36:34 PM

Quote from: Sled on February 23, 2017, 12:33:14 PM

Quote from: Memeicomel on February 23, 2017, 03:24:45 AM

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.

yes that is as a fact although it is limited but still it will stay for ever/

nope i think bitcoin users are already comfortable using bitcoin. and they will continue to maintain bitcoin #imo
for the bank itself. it will continue to run look both have different functions

both will be run in accordance with the purpose of each. bitcoin has its own market and also the bank has demand. it can not be removed and will continue until one of them has a remarkable feature.

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Quote from: deppil on February 25, 2017, 07:30:23 PM

Quote from: bncbnc on February 24, 2017, 03:36:34 PM

Quote from: Sled on February 23, 2017, 12:33:14 PM

Quote from: Memeicomel on February 23, 2017, 03:24:45 AM

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.

yes that is as a fact although it is limited but still it will stay for ever/

nope i think bitcoin users are already comfortable using bitcoin. and they will continue to maintain bitcoin #imo
for the bank itself. it will continue to run look both have different functions

Both has got different functions. Bitcoin helps with the huge sum of transactions with reduced fee which is not possible through banks. Secondly banks provide an user friendly and ease of usage through its universally recognized network of banks. This makes common public to depend much on banks than bitcoin.

deppil

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Quote from: bncbnc on February 24, 2017, 03:36:34 PM

Quote from: Sled on February 23, 2017, 12:33:14 PM

Quote from: Memeicomel on February 23, 2017, 03:24:45 AM

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.

yes that is as a fact although it is limited but still it will stay for ever/

nope i think bitcoin users are already comfortable using bitcoin. and they will continue to maintain bitcoin #imo
for the bank itself. it will continue to run look both have different functions

MONKEYJUNK

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Banks would always find a way to adapt, with or without fiat money being the primary form of their functionality. They would just really, really prefer that Bitcoin doesn't enter the mainstream because if something like that happens, there would be a huge discrepancy with what they would be able to loan out and keep within their vaults, and that proceeds to limit their ability to make money off of FRL.

Blockchain technologies are applicable and useful for them; Bitcoin is not.

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Quote from: noormcs5 on February 25, 2017, 11:42:21 AM

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Quote from: zidanw on February 22, 2017, 12:11:06 AM

I think not and also how bitcoin bank can make disappear, while bitcoin is not accepted as legal payment or legal currency in some countries and I think fiat still dominate for now

It won't happen that banks will be disappearing that way easily. But banks has the rights to use bitcoin with the method of payment of their clients for their services. Let's stop thinking that banks will be disappeared by bitcoin only the government has the right to do so and bitcoin is still new and not popular world wide.

Right, now and ever bitcoin can't disappear the bank. I also thought, bitcoin is still new and also in future if bitcoin will be remain than also bitcoin will not strong to disappear the bank. But i think in future may be bank something do for bitcoin, if bitcoin continuously rising and get more success.

i think bitcoin can disappear banks but it is only possible when people totally stop using fiat and start using bitcoin and for keeping bitcoin they use onlie wallet there there is not use of banks but it is not yet possible as soon as we are thinking.

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Quote from: noormcs5 on February 25, 2017, 11:42:21 AM

Quote from: ?? on ??

Quote from: zidanw on February 22, 2017, 12:11:06 AM

I think not and also how bitcoin bank can make disappear, while bitcoin is not accepted as legal payment or legal currency in some countries and I think fiat still dominate for now

It won't happen that banks will be disappearing that way easily. But banks has the rights to use bitcoin with the method of payment of their clients for their services. Let's stop thinking that banks will be disappeared by bitcoin only the government has the right to do so and bitcoin is still new and not popular world wide.

Right, now and ever bitcoin can't disappear the bank. I also thought, bitcoin is still new and also in future if bitcoin will be remain than also bitcoin will not strong to disappear the bank. But i think in future may be bank something do for bitcoin, if bitcoin continuously rising and get more success.

Yes in future Bitcoin may become one of the legal currency in any country, But because of this bitcoin, no banks will disappear. And maybe Bitcoin can disappear, but banks will never disappear until where the physical currency will be there in the market till their banks will not disappear.

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Quote from: ?? on ??

Quote from: zidanw on February 22, 2017, 12:11:06 AM

I think not and also how bitcoin bank can make disappear, while bitcoin is not accepted as legal payment or legal currency in some countries and I think fiat still dominate for now

It won't happen that banks will be disappearing that way easily. But banks has the rights to use bitcoin with the method of payment of their clients for their services. Let's stop thinking that banks will be disappeared by bitcoin only the government has the right to do so and bitcoin is still new and not popular world wide.

Right, now and ever bitcoin can't disappear the bank. I also thought, bitcoin is still new and also in future if bitcoin will be remain than also bitcoin will not strong to disappear the bank. But i think in future may be bank something do for bitcoin, if bitcoin continuously rising and get more success.

Winner

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Look ARROUND!

Banks aren't really going anywhere, there is a few Banks that have done bailouts and some even ranaway with peoples money while the people living in that area started to riot in the streets.

Banks can't do anything like keeping the citizens money safe while generating interest with it and letting the money increase for each citizen in that nation. The people should already know that letting a stranger borrow money will only cause a bad scenario and when that scenario happens the person who had let the money out of his lifesavings act like they didn't know that it would happen.

Common sense, I guess that some people just don't have it.

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Quote from: s0nicwall on February 24, 2017, 01:58:36 PM

How would the economy work without banks, thoughts? Banks aren't ultimate evil or the like IMO, it's just something that covers the needs of the lenders and loaners, With BTC there's no need for a central authority, but the economy would still need banks IMO.

Banks that deserves to be supported and believe it is a state-owned bank. I think the other banks making offers that are likely to harm customers. I prefer to state is monopolize money for public welfare than the foreigners who monopolize money. But I would prefer that no party can monopolize money.

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Quote from: Sled on February 23, 2017, 12:33:14 PM

Quote from: Memeicomel on February 23, 2017, 03:24:45 AM

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.

yes that is as a fact although it is limited but still it will stay for ever/

s0nicwall

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How would the economy work without banks, thoughts? Banks aren't ultimate evil or the like IMO, it's just something that covers the needs of the lenders and loaners, With BTC there's no need for a central authority, but the economy would still need banks IMO.

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Quote from: Ewinsane on February 24, 2017, 01:40:44 PM

Quote from: Zaun on February 22, 2017, 05:35:38 PM

Quote from: cramcram21 on February 22, 2017, 05:00:26 PM

Bitcoin cannot make the banks to disappear,
But I think if bitcoin become much more popular in the future the banks should do something,
Maybe adopt this crypto currency or support it in any way that they can.

I agree banks are too powerful. But both can join or cooperate and perhaps work together to make and offer a global fast payment option for the masses. If banks offer bitcoin deposits withdrawals for let's say 50 cent. I think it will be a win win situation for consumers.

Yeah you are right that bank is strong and it will be survive forever because fiat is the main regular currency which can keep in our bank wallet with safe and fiat used in our daily regular direct shopping and we know that bitcoin is also promoting everyday and I hope that bank will be adopt bitcoin in the future and then anyone can be use bitcoin easily.

I think they will not be cooperate.. banks are connected in government and i think they don't let bitcoin to use it locally since bitcoin still anonymous..
And there is no reverse payment in bitcoin.. what is the buyer protection once they had scam or they receive a wrong service..?

European Central Bank

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if i used bitcoin instead of a bank i'd be paying around $50-100 in transaction fees per month as i move around and spend alot. so i hope it doesn't make banks disappear. i can't afford it.

doomloop

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Quote from: Ewinsane on February 24, 2017, 01:40:44 PM

Quote from: Zaun on February 22, 2017, 05:35:38 PM

Quote from: cramcram21 on February 22, 2017, 05:00:26 PM

Bitcoin cannot make the banks to disappear,
But I think if bitcoin become much more popular in the future the banks should do something,
Maybe adopt this crypto currency or support it in any way that they can.

I agree banks are too powerful. But both can join or cooperate and perhaps work together to make and offer a global fast payment option for the masses. If banks offer bitcoin deposits withdrawals for let's say 50 cent. I think it will be a win win situation for consumers.

Yeah you are right that bank is strong and it will be survive forever because fiat is the main regular currency which can keep in our bank wallet with safe and fiat used in our daily regular direct shopping and we know that bitcoin is also promoting everyday and I hope that bank will be adopt bitcoin in the future and then anyone can be use bitcoin easily.

i agree with you that bitcoin will never disappear the bank and bank is made for fiat currency and bitcoin is just digital currency which can be used for online shopping and which can be use for online transaction.

Ewinsane

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Quote from: Zaun on February 22, 2017, 05:35:38 PM

Quote from: cramcram21 on February 22, 2017, 05:00:26 PM

Bitcoin cannot make the banks to disappear,
But I think if bitcoin become much more popular in the future the banks should do something,
Maybe adopt this crypto currency or support it in any way that they can.

I agree banks are too powerful. But both can join or cooperate and perhaps work together to make and offer a global fast payment option for the masses. If banks offer bitcoin deposits withdrawals for let's say 50 cent. I think it will be a win win situation for consumers.

Yeah you are right that bank is strong and it will be survive forever because fiat is the main regular currency which can keep in our bank wallet with safe and fiat used in our daily regular direct shopping and we know that bitcoin is also promoting everyday and I hope that bank will be adopt bitcoin in the future and then anyone can be use bitcoin easily.

BitcoinPC

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Quote from: Memeicomel on February 23, 2017, 03:24:45 AM

can not because bitcoin just a digital currency , and not always life..

Bitcoin live long life or not, but one thing is clear bitcoin can't disappear the banks. Becasue banks create for fiat currency and crypto currency is not too much popular and most of the people prefer to fiat currency into digital. Than i believe it is really hard for bitcoin to disappear the bank.

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Quote from: Japinat on February 23, 2017, 10:20:26 PM

Quote from: kingorbust on February 23, 2017, 09:14:07 PM

Sooner or later banks will have to adapt or face obsolescence.

That's something I'm doubt of, banks are very stable and they are a big industry fully supported by the government. Bitcoin is still emerging and there is not guarantee it will continue since we have the government that will surely control the financial industry in this world and that includes Bitcoin.
As they see people keeps adopting bitcoin, it will pose big threats to the banking industry and we will lead them no choice but to interfere and regulate the usages of bitcoin.

As quoted bitcoin will surely be a big threat for banking industry, which makes the banking industry active with updates in the technology and the speedy services similar to bitcoin or other digital currencies. This cannot make banks get replaced with bitcoin or the digital currency network.

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Quote from: kingorbust on February 23, 2017, 09:14:07 PM

Sooner or later banks will have to adapt or face obsolescence.

That's something I'm doubt of, banks are very stable and they are a big industry fully supported by the government. Bitcoin is still emerging and there is not guarantee it will continue since we have the government that will surely control the financial industry in this world and that includes Bitcoin.
As they see people keeps adopting bitcoin, it will pose big threats to the banking industry and we will lead them no choice but to interfere and regulate the usages of bitcoin.

kingorbust

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Sooner or later banks will have to adapt or face obsolescence.

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