Topic: Can Bitcoin make Banks disappear? - page 157. (Read 427614 times)
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
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.
Not really going to happen that easy. Lets keep in mind that it's not just the money transaction that are happening in banks. They are holding others that are important to the community. When we are holding bitcoin, it would just be like holding a money. I believe that if all the products in the world are payable with bitcoin, and it is recognized everywhere, and exchanges have their offices and doing some bank tasks, that's the end of the banks.
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.
That is only possible if all of us are using bitcoin but as i can see it is not recognize yet especially here in our place so it wont gonna happen sooner majority of people trust banks.And that is a way far of our concerns and I dont think we are still alive to see that. Everyone using bitcoin? While it is being more used at the deep web for illegal transactions. It is hurting the trust of those people who wants to be part of this crypto currency while those evil syndicates are using it more just for their selfish reasons. This should be changed first or else something bad might happen if it this goes for too long.
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.
That is only possible if all of us are using bitcoin but as i can see it is not recognize yet especially here in our place so it wont gonna happen sooner majority of people trust banks. 
Ummm, I dont think bitcoin will make Banks disappear. Many people must use banks for their business at least in my country. Incase bitcoin accepted as worldwide currency, i'm sure Banks will change the way they operate. I don't know about many years later, but i don't see it happening (bank disappear) at least in my lifetime.
Exactly, they will adopt to the needs of its customers. Bank owners are not fool to just shut down their business because there is a great competition, but rather,they would make their service better and adopt new technology so they could survive. Lets not forget that banks play important role in the economy. They won't be staying that long if they do not do things that could make them better.
the Bank could reach the whole community up and down to use it, while the bitcoin is still limited and only certain people who use it. because it must always be connected to the internet. so it's unlikely the bank will disappear because of bitcoin. or maybe banks adopt bitcoin
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.
Not really going to happen that easy. Lets keep in mind that it's not just the money transaction that are happening in banks. They are holding others that are important to the community. When we are holding bitcoin, it would just be like holding a money. I believe that if all the products in the world are payable with bitcoin, and it is recognized everywhere, and exchanges have their offices and doing some bank tasks, that's the end of the banks.
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.
it will happen when everyone is using bitcoin, and do not use the bank to save money. but, in reality there are always people who put their money in the bank. other than that, this time, bitcoin only be viewed as a very good business for those who have understood. bitcoin will probably make the banks disappears when everyone has turned to save money they have into bitcoin. 
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.
Bitcoin can't make bank disappear. Bitcoin and banks are completely different things.
Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
Yeah, Its like saying if there's digital money, will banks still run? Of course banks will still run without a problem. If bitcoins really grows and is adapted by the society at large. Then we might see some banks adopting bitcoins into their system.Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
The government will do things in their favor, so we should not trust so much with our investment to minimize the risk.
Bitcoin can't make bank disappear. Bitcoin and banks are completely different things.
Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
Yeah, Its like saying if there's digital money, will banks still run? Of course banks will still run without a problem. If bitcoins really grows and is adapted by the society at large. Then we might see some banks adopting bitcoins into their system.Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
Bitcoin can't make bank disappear. Bitcoin and banks are completely different things.
Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
Yeah, Its like saying if there's digital money, will banks still run? Of course banks will still run without a problem. If bitcoins really grows and is adapted by the society at large. Then we might see some banks adopting bitcoins into their system. Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
Bitcoin can't make bank disappear. Bitcoin and banks are completely different things.
Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
A lot of differences between bitcoin and banks. Just like bitcoin, bitcoins also have the same thing like banks, Banks have the account, and bitcoin have a wallet address, for their differences, bitcoin has a wallet address, but the banks have the account number. In banks, you can loan a big money, without any risks, while in bitcoins, a lot of scammer in bitcoins. A lot of negative effects for bitcoin, but, there is also a vice versa for that.
Bitcoin can't make bank disappear. Bitcoin and banks are completely different things.
Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
A lot of differences between bitcoin and banks. Just like bitcoin, bitcoins also have the same thing like banks, Banks have the account, and bitcoin have a wallet address, for their differences, bitcoin has a wallet address, but the banks have the account number. In banks, you can loan a big money, without any risks, while in bitcoins, a lot of scammer in bitcoins. A lot of negative effects for bitcoin, but, there is also a vice versa for that.
Bitcoin can't make bank disappear. Bitcoin and banks are completely different things.
Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
Banks will not be allowed to provide Bitcoin related services unless Bitcoin is centralized and regulated. Bitcoin and banks are not competitors.
Also banks don't need to improve anything to reach Bitcoin and I don't understand why some posters think that Banks are technologically behind of Bitcoin. Internet banking system is well established and more advanced technology compared to Bitcoin. Conversely Bitcoin is new and is subject to be improved until it's established. There is no competition between Banks and Bitcoin as they are really different things. They provide different services to different type user base.
Ummm, I dont think bitcoin will make Banks disappear. Many people must use banks for their business at least in my country. Incase bitcoin accepted as worldwide currency, i'm sure Banks will change the way they operate. I don't know about many years later, but i don't see it happening (bank disappear) at least in my lifetime.
Exactly, they will adopt to the needs of its customers. Bank owners are not fool to just shut down their business because there is a great competition, but rather,they would make their service better and adopt new technology so they could survive. Lets not forget that banks play important role in the economy. They won't be staying that long if they do not do things that could make them better.
Ummm, I dont think bitcoin will make Banks disappear. Many people must use banks for their business at least in my country. Incase bitcoin accepted as worldwide currency, i'm sure Banks will change the way they operate. I don't know about many years later, but i don't see it happening (bank disappear) at least in my lifetime.
Bitcoin has no power to make and take banks downs,with the full advantages against the bank system ,based on fiat,bitcoin isnt a threat to them,as they have the support from all costumers,just some ,maybe us and some others just dont like them.
Yes bank will likely adapt and accept bitcoin once it became mainstream like fiat.
Banks will never disappear, all transactions are heavily dependent from the bank, with the bank all things can be supervised and controlled. I'm sure even though use of the bitcoin great but will not make banks disappear.
Because they are centralized and they need to comply with the law of the state. We need bank as fiat is our main tool using to transact now. Bitcoin, a new found technology would be good if it will co-exist with fiat but to replace fiat and make banks disappear, that is next to impossible.bank are still holding economy but if you see, you'll know lots of people are not happy with banks and their unfair taxes and charges.. stopping the whole world from using banks and only use bitcoin is not easy but it is happening slowly.
Banks will never disappear, all transactions are heavily dependent from the bank, with the bank all things can be supervised and controlled. I'm sure even though use of the bitcoin great but will not make banks disappear.
Yes it will never disappear because a lot of people always need the services of the bank because they are not just for deposit and withdrawal.
They also do offer guides and tips for investments and they have thousands of professionals that are ready to serve us.
Although bitcoin is a good method if those professionals will apply it with bitcoin.
Banks will never disappear, all transactions are heavily dependent from the bank, with the bank all things can be supervised and controlled. I'm sure even though use of the bitcoin great but will not make banks disappear.
Because they are centralized and they need to comply with the law of the state. We need bank as fiat is our main tool using to transact now. Bitcoin, a new found technology would be good if it will co-exist with fiat but to replace fiat and make banks disappear, that is next to impossible. Jump to: