Topic: Can Bitcoin make Banks disappear? - page 159. (Read 427614 times)
No big banks are staying strong,to big to fail,lifeblood of economy etc it global organisation what is keepin wealth of that world in his iron arms.On other hands people need ordinary banks what will provide financial service for them.Sure banks can include bitcoin to his service but big banks dont want that,becouse it will limit his profit from money transfering
Today, banks and bitcoin there without any problems and is in my opinion do not overlap, though their interests are quite similar. And also the fact that their influence is also opposing members. That's just people do not have other alternatives in order that they may offer banks. Therefore, it would be useful for the people, it will happen.
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.
Banks are very well oriented in the modern world, and I think that nothing will happen to their work. Bitcoin can not win the whole corporation. It's impossible.
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.
nope, bitcoin can't make the banks disappear because the government could adopt digital money but there would be always a central agency to control the flow of money so banks would be there always for us to check and control the money of country. and all people count effort smartphone or laptop to do online or cashless transaction but the could afford to visit banks for any banking related job.
The banking system is much stronger and not concede its place even bitcoin, no matter how wonderful it was. Even today, many financial institutions to test and implement in your system Blockchain technology. This suggests that their views on the future go with the times.
Banking system is quite strong enough to compete with bitcoin. The technology advancement have made a step ahead in the financial service. But this will never replace bank, by the years to come can expect banks having their own digital currency based upon bitcoin's Blockchain technology. 
I don't think bitcoin can make banks disappear, however bitcoin can make the banks starting to use bitcoin 
bitcoin can make bank disappear if more than 80% of people on this planet start using Bitcoin. Bitcoin and bank are totally different to each other because banks are a part of the centralized system while Bitcoin is created for the freedom. Nope you are wrong. In the first place bitcoin cannot replace fiat currency. Bitcoin is backed up by fiat currency without fiat currency being used to purchase bitcoin then bitcoin will lose its value. The reason why people are using bitcoin its because they can exchange it to fiat currency. If governments ban bitcoin because they cannot control it then what will be the use of bitcoin. With these the banks will exist not because they will be reduced to a loan agency for bitcoin but because fiat currency will not be replaced by bitcoin.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
In my country, many of my fellow citizens here are not knowledgeable also in bitcoin. However, according to what you had mentioned that bank can make disappear, I don't think it will happen, or if ever will happen for sure all people in the world are much more familiar with Bitcoin.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
In my country, many of my fellow citizens here are not knowledgeable also in bitcoin. However, according to what you had mentioned that bank can make disappear, I don't think it will happen, or if ever will happen for sure all people in the world are much more familiar with Bitcoin.
The banking system is much stronger and not concede its place even bitcoin, no matter how wonderful it was. Even today, many financial institutions to test and implement in your system Blockchain technology. This suggests that their views on the future go with the times.
50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.
They will adopt bitcoin, that's true, but then, it is not mean that it will be their main currency and leave fiat and banking aside. In the future that is what will happen, bitcoin will be used by many but we won't leave banking. We will always use them except if their reputation is ruined thru lost deposits, unsecured transactions and unsecured facilities where holdups happens frequently.
Delays in transaction in banks is not enough that bitcoin will make them disappear.
I'm still not competent enough in this area, but still trying to understand the subject matter in that moment, that the banks will disappear or will be able to work with bitcoin. If this is the topic of conversation aimed at the banks disappear, we have already discussed in another topic creation bitcoin bank. Then the question arises, what is the difference between the two banks?
50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.
They will adopt bitcoin, that's true, but then, it is not mean that it will be their main currency and leave fiat and banking aside. In the future that is what will happen, bitcoin will be used by many but we won't leave banking. We will always use them except if their reputation is ruined thru lost deposits, unsecured transactions and unsecured facilities where holdups happens frequently.
Delays in transaction in banks is not enough that bitcoin will make them disappear.
50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.
They will adopt bitcoin, that's true, but then, it is not mean that it will be their main currency and leave fiat and banking aside. In the future that is what will happen, bitcoin will be used by many but we won't leave banking. We will always use them except if their reputation is ruined thru lost deposits, unsecured transactions and unsecured facilities where holdups happens frequently.
Delays in transaction in banks is not enough that bitcoin will make them disappear.
50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.
There's no even chance of happening that in the future, the power of bitcoin is not that big to surpass what the government has already established. Banks will stay here and it is mandated by the government, they produce fiat and we have no option but to use fiat if we want to survive with our daily needs. Bitcoin and fiat is going to be a good partner that can give people more choice and it will benefit all. I don't think bitcoin will going make it happen that they are going to make banks disappear. And bank is very important, because all people already use it and trust bank. And i think the goverment cant really investigate people wealth for tax purpose if they use bitcoin. So no, banks will stand here where they are and cannot disappear.
Agree with you, I think bitcoin might not be able to get rid of the bank. Because with the help of banks state could investigate the wealth of people. Moreover, the current bitcoin users still not much . And the average person in this world who have a lot more bank accounts than their own bitcoin. Most people prefer a bank for safety assurance although with expensive fee. Thank you
50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.
Banks will always remain no matter what is going to be the success of bitcoin or crypto currencies for the next years. Banks are important body of government and I'm sure that they won't allow bitcoin to replace banks position. Because it is the one who is responsible for controlling the flow of money to the society. But with bitcoin, that's going to be a chaos if they will take over banking services.
50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.
I don't think bitcoin will going make it happen that they are going to make banks disappear. And bank is very important, because all people already use it and trust bank. And i think the goverment cant really investigate people wealth for tax purpose if they use bitcoin. So no, banks will stand here where they are and cannot disappear.
For me, banks will not disappear. Bitcoin is good and somehow it is very helpful. But the thing that bitcoin is bad is that there are some who earn only by gambling. They are only wasting their Bitcoin. And banks will not disappear because we all know that banks are very trusful and safe.
Probably if others have the same thinking as yours, they will not consider bitcoin as a serious development for humanity, you have a very limited knowledge about bitcoin, I suggest you do more research as little knowledge is very dangerous. If you have been gambling, for sure you will know that you can do it even without bitcoin, having said that, bitcoin is not entirely made for gambling purposes. Jump to: