Topic: Can Bitcoin make Banks disappear? - page 161. (Read 427614 times)
How will bitcoin even make the banking system disappear is something I am still trying to figure out but I see the banking system embracing the blockchain infrastructure for the safety of the customers deposit and investment from cyber attacks but overtaking of the sysytem by bitcoin is not happening the banking system not only have they not been with us for ages, they also have the support of government which gave it the legitimacy in which bitcoin is yet to get. If that is settled then we can see some competition but not now.
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. When this happen the banks will become weak and won't have forces to compete against bitcoin, but they wil ltry to find another way to make profit, maybe investing in a centralized project of currency with many benefits for population or investing in a new decentralized currency but with ocult intentions to have the same benefits they have now, making more profit than any other person.
I hope one day bitcoins rule and there are no banks.
bitcoin rule yes
but, no bank? that will not happen
bank will always be there, they're good for some case.
bank have some rules and bank have security. User need to tell all information when making account at bank.
bitcoin? too annonymous, you dont have anything just private key.
Banks don't really need to create their own currency as basically everything is digital already. It's just that they need to create (if it hasn't been created already) a platform or a system that is able to process everything instantly where all banks worldwide can transact with each other. I think in Europe there would be something similar launched where people could wire money to each other instantly before 2018 I believe. That's what I consider to be a huge step forward.
So if we are seeing the adotion of bitcoin i think we will see more adoption in banks if they seen more develop feature in bitcoin are increase that can increase also the adoption for banks just to give a good service to people.. and we can also use it online.. transaction look at pioneer world wide we can use it..
I don't fully understand what you mean, but if it's that Bitcoin is pushing banks to upgrade their systems as they feel Bitcoin is pushing things, then yes. It's not for nothing that banks have improved their services significantly in the last 2 or so years. I can't directly proof that these acts of improvements are really due to Bitcoin, but I like to think that's exactly the case. Why? Because I am a hardcore Bitcoin supporter.
I hope one day bitcoins rule and there are no banks.
bitcoin rule yes
but, no bank? that will not happen
bank will always be there, they're good for some case.
bank have some rules and bank have security. User need to tell all information when making account at bank.
bitcoin? too annonymous, you dont have anything just private key.
Banks don't really need to create their own currency as basically everything is digital already. It's just that they need to create (if it hasn't been created already) a platform or a system that is able to process everything instantly where all banks worldwide can transact with each other. I think in Europe there would be something similar launched where people could wire money to each other instantly before 2018 I believe. That's what I consider to be a huge step forward.
So if we are seeing the adotion of bitcoin i think we will see more adoption in banks if they seen more develop feature in bitcoin are increase that can increase also the adoption for banks just to give a good service to people.. and we can also use it online.. transaction look at pioneer world wide we can use it..
I don't fully understand what you mean, but if it's that Bitcoin is pushing banks to upgrade their systems as they feel Bitcoin is pushing things, then yes. It's not for nothing that banks have improved their services significantly in the last 2 or so years. I can't directly proof that these acts of improvements are really due to Bitcoin, but I like to think that's exactly the case. Why? Because I am a hardcore Bitcoin supporter.
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. 
I hope one day bitcoins rule and there are no banks.
bitcoin rule yes
but, no bank? that will not happen
bank will always be there, they're good for some case.
bank have some rules and bank have security. User need to tell all information when making account at bank.
bitcoin? too annonymous, you dont have anything just private key.
Banks don't really need to create their own currency as basically everything is digital already. It's just that they need to create (if it hasn't been created already) a platform or a system that is able to process everything instantly where all banks worldwide can transact with each other. I think in Europe there would be something similar launched where people could wire money to each other instantly before 2018 I believe. That's what I consider to be a huge step forward.
So if we are seeing the adotion of bitcoin i think we will see more adoption in banks if they seen more develop feature in bitcoin are increase that can increase also the adoption for banks just to give a good service to people.. and we can also use it online.. transaction look at pioneer world wide we can use it..
I hope one day bitcoins rule and there are no banks.
bitcoin rule yes
but, no bank? that will not happen
bank will always be there, they're good for some case.
bank have some rules and bank have security. User need to tell all information when making account at bank.
bitcoin? too annonymous, you dont have anything just private key.
Banks don't really need to create their own currency as basically everything is digital already. It's just that they need to create (if it hasn't been created already) a platform or a system that is able to process everything instantly where all banks worldwide can transact with each other. I think in Europe there would be something similar launched where people could wire money to each other instantly before 2018 I believe. That's what I consider to be a huge step forward.
If people would start to think definitely, banks steal from you.
i do not think that it is possible in near future because banks have so stable position and having the support of fiat therefore i do not think that the bitcoin community which is not so much in number can disappear banks so soon. this is exactly why they wont exist wait till the next crash and wee will see
I hope one day bitcoins rule and there are no banks.
bitcoin rule yes
but, no bank? that will not happen
bank will always be there, they're good for some case.
bank have some rules and bank have security. User need to tell all information when making account at bank.
bitcoin? too annonymous, you dont have anything just private key.
I hope one day bitcoins rule and there are no banks.
bitcoin rule yes
but, no bank? that will not happen
bank will always be there, they're good for some case.
bank have some rules and bank have security. User need to tell all information when making account at bank.
bitcoin? too annonymous, you dont have anything just private key.
I hope one day bitcoins rule and there are no banks.
bitcoin rule yes
but, no bank? that will not happen
bank will always be there, they're good for some case.
bank have some rules and bank have security. User need to tell all information when making account at bank.
bitcoin? too annonymous, you dont have anything just private key.
I hope one day bitcoins rule and there are no banks.
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. 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.
Bitcoin can't make banks disappear. But that aside, it will never happen, but even if 80% of the people on earth make use of Bitcoin in one way or another, then it still doesn't mean banks will be outruled. Banks have a fixed position in the economy, also in benefit of the governments as they via that way know what level of wealth each person has, etc. Bitcoin will definitely grow in the future, but more in the way that the store of value and investment aspect will be the main reasons people make use of Bitcoin. Also don't forget that money transfers are important as well. But if you look at how it is to do your local shoppings with Bitcoin, then it's simply not interesting and convenient to use Bitcoin due to the confirmation times and increasing transaction fees. In that regard, fiat will still remain the main tool of people for their shoppings. Don't forget that a lot people simply don't see anything in Bitcoin, and thus won't be using it. Getting even 1% of the world population to use Bitcoin in one way or another will be a very difficult task.
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. 
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.
I don't think bitcoin can make banks disappear, however bitcoin can make the banks starting to use bitcoin
For me, bitcoins can not make banks disappear. First, they are now working together even they function differently. Their combinations is one of the successful moments especially to BTC. I consider both of them to improve and to have better development in our economy.
Yes banks cannot be disappeared easily by bitcoins. And as of the moment there is no bank that is ready to accept bitcoin but there are some that are showing interest with it. But this is a risky move for the banks, because of its decentralization that can cause economic collapse if all the people will use bitcoin because it doesn't have indefinite value.
I'm thinking about its legalization is going to be possible for some countries, but even though it will be legalized for some countries. Still it is not going to affect the banking system, maybe some people will take the advantage of using bitcoin to prevent taxation from the bank. But it will still result in the same result, that it can't make the banks disappear.
For me, bitcoins can not make banks disappear. First, they are now working together even they function differently. Their combinations is one of the successful moments especially to BTC. I consider both of them to improve and to have better development in our economy.
Yes banks cannot be disappeared easily by bitcoins. And as of the moment there is no bank that is ready to accept bitcoin but there are some that are showing interest with it. But this is a risky move for the banks, because of its decentralization that can cause economic collapse if all the people will use bitcoin because it doesn't have indefinite value.
I'm thinking about its legalization is going to be possible for some countries, but even though it will be legalized for some countries. Still it is not going to affect the banking system, maybe some people will take the advantage of using bitcoin to prevent taxation from the bank. But it will still result in the same result, that it can't make the banks disappear.
If people would start to think definitely, banks steal from you.
i do not think that it is possible in near future because banks have so stable position and having the support of fiat therefore i do not think that the bitcoin community which is not so much in number can disappear banks so soon. Jump to: