Topic: Can Bitcoin make Banks disappear? - page 158. (Read 427614 times)
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.
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If there is a bitcoin bank, I think that, banks can disappear, or they can remove banks, and all of the bank transactions. We should know what will be the best for our bitcoin industry. We know that bitcoin can replace the paper money. We can also invest through bitcoins. We can earn a lot of profit through bitcoin.
I believe that you are confused with the terms 'bitcoin' and 'bank'. You posted about bitcoin bank. But bitcoin is a decentralized p2p currency with no need of a third trust entity like as a bank, right? Or you want to say something like as anyone can deposit bitcoins and he can convert to fiat? But this is the same thing which is made by exchanges. So I really cannot understand what were you thinking when you wrote about a bitcoin bank. Can you clarify this meaning for me or can you post a link with this idea?
Bank is for the people that is saving their money which means the people are letting these banks hold their money for the future use. It is for fiat and not for cryptocurrency, so what will be the reason that banks will disappear because of bitcoin? Even if bitcoin is used by half of the world population banks will still exist because people are using real money. All the people might have their own bitcoin wallet, and that will not affect the banks.
As we can see that the new generation is more into the digital way We are going to enter a new modern era where maybe in future because of a high potential crypto currency like bitcoins may overcome fiats
What happens when people start buying bitcoins instead of saving money in banks
Obviously one day they will come to know that the saving money in form of bitcoins is actually good and everyone would start using bitcoin wallets
We all know that the Value of bitcoins are like waves ,they go real high and then can fall also
People would start saving money in bitcoins and then withdraw them or use them when the value is low
And when all this would become a problem then the Value of bitcoins would become stable in order to make things right
From my standpoint it is still a little farfetch that it can out stand banks since the latter had already build a very strong foundation when it comes to currency/money itself. We know that the bitcoin industry growseveryday, we can't expect anything to change in just a day but it depends on the development as days passes just like how you earn money.
If there is a bitcoin bank, I think that, banks can disappear, or they can remove banks, and all of the bank transactions. We should know what will be the best for our bitcoin industry. We know that bitcoin can replace the paper money. We can also invest through bitcoins. We can earn a lot of profit through bitcoin.
From my standpoint it is still a little farfetch that it can out stand banks since the latter had already build a very strong foundation when it comes to currency/money itself. We know that the bitcoin industry growseveryday, we can't expect anything to change in just a day but it depends on the development as days passes just like how you earn money.
Banks are the strongest financial institutions we have at a moment which holds support from the Government and the society and bitcoin is not that strong enough which can make banks disappear as not many people are aware about bitcoins yet and they have more faith in banking system as it exist since long time and people do need banks for their daily financial transactions.
yes there is no doubt about this that banks are the strongest institute of the states. and will continue for a long time. until bitcoin become able to over fiat and may be then they start accepting bitcoin and create online wallets for that, but currently there is no threat to banks because still a very little number of people are using bitcoin. therefore may be it will take such a long time.
Bank is for the people that is saving their money which means the people are letting these banks hold their money for the future use. It is for fiat and not for cryptocurrency, so what will be the reason that banks will disappear because of bitcoin? Even if bitcoin is used by half of the world population banks will still exist because people are using real money. All the people might have their own bitcoin wallet, and that will not affect the banks.
Banks are the strongest financial institutions we have at a moment which holds support from the Government and the society and bitcoin is not that strong enough which can make banks disappear as not many people are aware about bitcoins yet and they have more faith in banking system as it exist since long time and people do need banks for their daily financial transactions.
yes there is no doubt about this that banks are the strongest institute of the states. and will continue for a long time. until bitcoin become able to over fiat and may be then they start accepting bitcoin and create online wallets for that, but currently there is no threat to banks because still a very little number of people are using bitcoin. therefore may be it will take such a long time. 
I dont think can make the bank is disappear
the bank is a great for a county and economic system to controling inflation and deflation
and not everyone knows about bitcoin, but everyone knows about banks.
the bank is a great for a county and economic system to controling inflation and deflation
and not everyone knows about bitcoin, but everyone knows about banks.
Yes it cannot make the banks disappear because the government is on the back of the banking sector and they are not going to allow someone will make the banking sector gone. But I think that banks will adopt bitcoin and there are some banks now that are ready in accepting services with the use of bitcoin.
I dont think can make the bank is disappear
the bank is a great for a county and economic system to controling inflation and deflation
and not everyone knows about bitcoin, but everyone knows about banks.
the bank is a great for a county and economic system to controling inflation and deflation
and not everyone knows about bitcoin, but everyone knows about banks.
Just a few years from now, paper money will disappear, $ and other fiat currencies will become digital only and banks will adopt to the new trend. Fiat will then coexist with Bitcoins. No banks will adapt they will not disappear.
I think if bitcoin accepted everyone may bitcoin can eliminate the banking system, but it seems it is difficult that become an issue is on the government, as we know all the countries in the world has no currency of its own and if you want to eliminate the bank may all governments of the world should use bitcoin to transact
Banks are the strongest financial institutions we have at a moment which holds support from the Government and the society and bitcoin is not that strong enough which can make banks disappear as not many people are aware about bitcoins yet and they have more faith in banking system as it exist since long time and people do need banks for their daily financial transactions.
I strongly agree with your statement, we cannot make banks disappear just because we are getting popular now. The popular that bitcoin had cannot match what the banks are currently enjoying, what the government wants is what they get, they will surely gonna make measures against bitcoin once it will become a threat to eliminate the popularity of banks.
maybe not this time, but later it can be disappear due to the technology we had it now is vey innovative, the impossible before in the sight of many people are become possible now. Meaning the digital currency by now is trend in our generation.
Yeah, I agree with you, one thing for sure is that bitcoin cannot take over the place of banks as countries still rely mostly on banks and bitcoin doesn't fit with bank system. But things change, we cannot know and make a complete prediction of the future as things which were impossible is now made possible, so let's see where bitcoin leads us to. 
In my opinion it is a great paradox when you come into comparison of Bitcoin and banks (or banking system). I have studied financial history and, especially, history of banking. Everytime the new technology was underway and posed some threat to the banks it was smoothly absorbed and integrated by major banks to benefit from it. What I think will hapen in the future. Banks will absorb and integrate the whole benefits of blockchain technology or any other technological innovations coming from the cryptocurrency world. Banks have enough political and financial strength to do that. They will increase their incomes dramatically in the future thanks to the blockchain and align technologies.
I think not, banks will still exist as long as there is client believing to them,. And bitcoin will become popular as years pass by, maybe in the near future some of the banks in the entire world will accept bitcoin because of the technolgy, but not now I think.
I believe that it can change the world and change the bank system. However, it will take at least a century for Bitcoin to do that. Bitcoin basically connect with the internet and the online system and as you can see, there are still many countries and people do not have a chance to access the internet. Therefore, first of all, we need to bring the Internet to everyone then we can dream about the world without bank
I think not, banks will still exist as long as there is client believing to them,. And bitcoin will become popular as years pass by, maybe in the near future some of the banks in the entire world will accept bitcoin because of the technolgy, but not now I think.
Banks are the strongest financial institutions we have at a moment which holds support from the Government and the society and bitcoin is not that strong enough which can make banks disappear as not many people are aware about bitcoins yet and they have more faith in banking system as it exist since long time and people do need banks for their daily financial transactions.
I strongly agree with your statement, we cannot make banks disappear just because we are getting popular now. The popular that bitcoin had cannot match what the banks are currently enjoying, what the government wants is what they get, they will surely gonna make measures against bitcoin once it will become a threat to eliminate the popularity of banks. 
Banks are the strongest financial institutions we have at a moment which holds support from the Government and the society and bitcoin is not that strong enough which can make banks disappear as not many people are aware about bitcoins yet and they have more faith in banking system as it exist since long time and people do need banks for their daily financial transactions.
i doubt it can make btc swipe banks but more about forcing them to use it
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