Topic: Can Bitcoin make Banks disappear? - page 156. (Read 427614 times)
Bitcoin needs the banks, you know why? Because its the only way to save your bitcoin into a form of fiat currency money and yet in terms of cashing through wallet bank is very useful. If banks will disappear what will be the same instution like bank that will be catering all the needs of people like money transactions? I think no one will replace banks in the future because it really rooted to peoples lives and most specially with businesses worldwide, although bitcoin digital currency is very popular nowadays but we still believe the strong foundation of banks.
Don't think banks disappear, this is nasty thoughts, a lot of people who hang on to life and business of the bank. If banks disappear then may result in the termination of employment and increased unemployment.
That will not be the worse thing that will happen, if bank will be replace or bitcoin will make banks disappear, centralize will also be replace. That is a crazy thoughts, you are right with that, we are completely changing the world if that will take place. The current world peace and order is still acceptable, but by the time there will be no government, chaos will happen.Do you really think that the world is peaceful and orderly? Maybe from your point of view, the world is peaceful because you don't see other people killing each other. Just take a look at the ISIS, do you call that peaceful. Do you call war peaceful? If the government was so good, they could've ended chaos long ago. But there's still chaos. We don't have to depend on the government to be peaceful but we always need someone to be at the top to handle situations from there.
Too much freedom would make us kill each other but we're just talking about bitcoins here. When bitcoin users has outnumbered fiat users, the government wouldn't just leave the scenario. They would either fight bitcoins, and do desperate moves to do so, or they can simply embrace it. Either way, they will not just leave.
The bank is the official institutions that protected by the State, I'm sure the banks will not disappear even though a lot of people switch to bitcoin, if bitcoin already popular I bet the bank will accept bitcoin as one of the types of deposits.
Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.
I think that you're right because the banks will never go away and will find a solution for this.
Banks are institutions which deals in fiat currencies. So the direct question lies can bitcoin makes FIAT disappear!
Obvious answer is no! It is pretty utopia to say everyone in this world uses Bitcoin to transact! Bitcoin is still under adoption phase. So in Global Economy's Balance Sheet we can show Bitcoin as-
I. Non-Current Assets
(1) Fixed Assets
(a)Capital work-in-progress
i. Bitcoin
Obvious answer is no! It is pretty utopia to say everyone in this world uses Bitcoin to transact! Bitcoin is still under adoption phase. So in Global Economy's Balance Sheet we can show Bitcoin as-
I. Non-Current Assets
(1) Fixed Assets
(a)Capital work-in-progress
i. Bitcoin
Don't think banks disappear, this is nasty thoughts, a lot of people who hang on to life and business of the bank. If banks disappear then may result in the termination of employment and increased unemployment.
Absolutely, I never imagined such a thing happen. If it does occur will actually make the new problems in this world. But if bitcoin integrate with the bank that will be good, but with a note bitcoin will be centralized and controlled by the government, where it is not going to happen. In the end bitcoin and banks will walk alone, and until whenever I think banks will still be there so that the country's financial stability can be set. Thank you
Don't think banks disappear, this is nasty thoughts, a lot of people who hang on to life and business of the bank. If banks disappear then may result in the termination of employment and increased unemployment.
That will not be the worse thing that will happen, if bank will be replace or bitcoin will make banks disappear, centralize will also be replace. That is a crazy thoughts, you are right with that, we are completely changing the world if that will take place. The current world peace and order is still acceptable, but by the time there will be no government, chaos will happen.
Don't think banks disappear, this is nasty thoughts, a lot of people who hang on to life and business of the bank. If banks disappear then may result in the termination of employment and increased unemployment.
I never thought a bank would disappear although bitcoin is found, a couple of years ago when paypal was discovered, many consider the bank transactions will drop drastically, but in reality it is not. whatever happens the bank will continue to survive.
Maybe yes because bitcoin is increasing rapidly. people are using them and saving their money on wallet. banks are risky due to robbers but we can save bitcoins on our hands
Price alone is not enough to take down banks. We need a bigger reason for bitcoin to make banks disappear. IMO, if bitcoin, has a physical structure/offices which can shoulder and compete with what banks are doing, that's the only time banks might start to close one by one, provided that bitcoin offices is legally permitted to operate like a bank.
Maybe yes because bitcoin is increasing rapidly. people are using them and saving their money on wallet. banks are risky due to robbers but we can save bitcoins on our hands
Price alone is not enough to take down banks. We need a bigger reason for bitcoin to make banks disappear. IMO, if bitcoin, has a physical structure/offices which can shoulder and compete with what banks are doing, that's the only time banks might start to close one by one, provided that bitcoin offices is legally permitted to operate like a bank.
Exactly, it's quite impossible that bitcoin banks will disappear, there might some changes in some banks accepting and using bitcoin transactions. But it will not replace the fact that it will always be the same bank that people uses for their money.
Agree! the OP's reference to bank is the bank for fiat and not for bitcoins - I believe we are not even calling it a bank of bitcoin but a bitcoin wallet.
Maybe yes because bitcoin is increasing rapidly. people are using them and saving their money on wallet. banks are risky due to robbers but we can save bitcoins on our hands
Price alone is not enough to take down banks. We need a bigger reason for bitcoin to make banks disappear. IMO, if bitcoin, has a physical structure/offices which can shoulder and compete with what banks are doing, that's the only time banks might start to close one by one, provided that bitcoin offices is legally permitted to operate like a bank.
Exactly, it's quite impossible that bitcoin banks will disappear, there might some changes in some banks accepting and using bitcoin transactions. But it will not replace the fact that it will always be the same bank that people uses for their money.
Maybe yes because bitcoin is increasing rapidly. people are using them and saving their money on wallet. banks are risky due to robbers but we can save bitcoins on our hands
Price alone is not enough to take down banks. We need a bigger reason for bitcoin to make banks disappear. IMO, if bitcoin, has a physical structure/offices which can shoulder and compete with what banks are doing, that's the only time banks might start to close one by one, provided that bitcoin offices is legally permitted to operate like a bank.
Exactly, it's quite impossible that bitcoin banks will disappear, there might some changes in some banks accepting and using bitcoin transactions. But it will not replace the fact that it will always be the same bank that people uses for their money.
Maybe yes because bitcoin is increasing rapidly. people are using them and saving their money on wallet. banks are risky due to robbers but we can save bitcoins on our hands
Price alone is not enough to take down banks. We need a bigger reason for bitcoin to make banks disappear. IMO, if bitcoin, has a physical structure/offices which can shoulder and compete with what banks are doing, that's the only time banks might start to close one by one, provided that bitcoin offices is legally permitted to operate like a bank.
Maybe yes because bitcoin is increasing rapidly. people are using them and saving their money on wallet. banks are risky due to robbers but we can save bitcoins on our hands
Very likely, when all transactions can be done by yourself without any bank will certainly make the banks deserted and slowly can close the business. I'm sure if everyone using bitcoin, then the bank will close automatically but no time soon, because the user has not been much bitcoin.
I think the purpose and duty of banks is not to regulate the transactions only but their main works are many more like facilitating the financial affairs of government and other organization and giving loans etc to needy people. So in that case we cannot say that banks will be replaced with the use of bitcoin.Yeah i agree with you, maybe he doesn't know why bank still active until next hundred years. There are some reason why bank can not disappear, one of the reason is person identification/verification/authentication.
Everyone here only can speak privacy is better, anonymous is good, and bla..bla..bla.. If you get scam 5 BTC by someone, did you happy?? how you will track the scammer?? In this case if you used bank not BTC, you can track scammer easyly. You can said anonymous is very good no matter what happen because you never got scam in huge BTC.
Anonymous in positive act is good, not in negative act. Cmon man, dont have short minded
Very likely, when all transactions can be done by yourself without any bank will certainly make the banks deserted and slowly can close the business. I'm sure if everyone using bitcoin, then the bank will close automatically but no time soon, because the user has not been much bitcoin.
I think the purpose and duty of banks is not to regulate the transactions only but their main works are many more like facilitating the financial affairs of government and other organization and giving loans etc to needy people. So in that case we cannot say that banks will be replaced with the use of bitcoin. NO, this is a mistake of your thought, Bitcoin can not make the banks disappear, because the bank is the most basic foundation of the existence of Bitcoin. if the banks disappear, then the value of Bitcoin is no longer, the value of Bitcoin is based on the value of real money. It is certain, however, thrive Bitcoin will affect banks. This will be difficult, but it can not do the banks disappear
Trust me, if bank disappear, I doubt that bitcoin will also disappear...
They are two different thing, and only the same thing in one - which is money... But anyway, maybe the production of money will be reduced in time, but I doubt if banks are going to close because of bitcoin... Who knows, one day we will be seeing bitcoin in banks...
I totally agree with this. Bitcoin won't make banks disappear because the former is just an alternative for online and offline transactions - basically online transactions. While bank, caters fiat money that people are using regularly in day to day basis.
NO, this is a mistake of your thought, Bitcoin can not make the banks disappear, because the bank is the most basic foundation of the existence of Bitcoin. if the banks disappear, then the value of Bitcoin is no longer, the value of Bitcoin is based on the value of real money. It is certain, however, thrive Bitcoin will affect banks. This will be difficult, but it can not do the banks disappear
Trust me, if bank disappear, I doubt that bitcoin will also disappear...
They are two different thing, and only the same thing in one - which is money... But anyway, maybe the production of money will be reduced in time, but I doubt if banks are going to close because of bitcoin... Who knows, one day we will be seeing bitcoin in banks...
I totally agree with this. Bitcoin won't make banks disappear because the former is just an alternative for online and offline transactions - basically online transactions. While bank, caters fiat money that people are using regularly in day to day basis.
NO, this is a mistake of your thought, Bitcoin can not make the banks disappear, because the bank is the most basic foundation of the existence of Bitcoin. if the banks disappear, then the value of Bitcoin is no longer, the value of Bitcoin is based on the value of real money. It is certain, however, thrive Bitcoin will affect banks. This will be difficult, but it can not do the banks disappear
Trust me, if bank disappear, I doubt that bitcoin will also disappear...
They are two different thing, and only the same thing in one - which is money... But anyway, maybe the production of money will be reduced in time, but I doubt if banks are going to close because of bitcoin... Who knows, one day we will be seeing bitcoin in banks...
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