Banks interest and big corporations saw at blockchain the possibility to save milions with the normal transactions they do make all days, soo they can save a huge ammount and raise their profit, thats their interest. Banks does provide a strong service and they risk their clients money with lending, but they do minimize the risks doing such lendings, something that for bitcoin gets similiar service would need a trusted escrow and would have to expose all credentials, something i doubt any bitcoiner wanna to be reall exposed.
That's a good point. I also believe that banks and corporations are not stitching will take their warm places or close to the people the opportunity to earn money.
Topic: Can Bitcoin make Banks disappear? - page 168. (Read 427614 times)
Banks interest and big corporations saw at blockchain the possibility to save milions with the normal transactions they do make all days, soo they can save a huge ammount and raise their profit, thats their interest. Banks does provide a strong service and they risk their clients money with lending, but they do minimize the risks doing such lendings, something that for bitcoin gets similiar service would need a trusted escrow and would have to expose all credentials, something i doubt any bitcoiner wanna to be reall exposed.
That's a good point. I also believe that banks and corporations are not stitching will take their warm places or close to the people the opportunity to earn money. 
Banks interest and big corporations saw at blockchain the possibility to save milions with the normal transactions they do make all days, soo they can save a huge ammount and raise their profit, thats their interest. Banks does provide a strong service and they risk their clients money with lending, but they do minimize the risks doing such lendings, something that for bitcoin gets similiar service would need a trusted escrow and would have to expose all credentials, something i doubt any bitcoiner wanna to be reall exposed.
Maybe can happen in future when people understand concept bitcoin, then they do not need third party to deal with each other.
You can answer immediately and clearly the question of the strength of the banking system against bitcoin. That never happens. Nobody will destroy the banking sector. Rather bitcoin will have many enemies than the opposite.
Banks interest and big corporations saw at blockchain the possibility to save milions with the normal transactions they do make all days, soo they can save a huge ammount and raise their profit, thats their interest. Banks does provide a strong service and they risk their clients money with lending, but they do minimize the risks doing such lendings, something that for bitcoin gets similiar service would need a trusted escrow and would have to expose all credentials, something i doubt any bitcoiner wanna to be reall exposed.
Maybe can happen in future when people understand concept bitcoin, then they do not need third party to deal with each other.
Banks interest and big corporations saw at blockchain the possibility to save milions with the normal transactions they do make all days, soo they can save a huge ammount and raise their profit, thats their interest. Banks does provide a strong service and they risk their clients money with lending, but they do minimize the risks doing such lendings, something that for bitcoin gets similiar service would need a trusted escrow and would have to expose all credentials, something i doubt any bitcoiner wanna to be reall exposed.
It will never happen because banks are mostly showing their interest towards bitcoin, bitcoin is just digital currency where we can transfer to any parts of country with low fee. But many countries banks want to implement the bitcoin transaction through banks.
I assume you meant to say that banks are showing their interest in the blockchain as technology, and not Bitcoin as coin, right? If so, then yes. Banks, governments, businesses, etc, see the added value of having a similar system as the blockchain technology to power their entire way of doing business and handling things. But the main thing here is that they are just looking to create their own private version of the blockchain. It will be made in the way that they remain in full control over every aspect, as they don't want you to enjoy any level of freedom.
This is the main reason why banks will not disappear but instead of banks disappearing it is bitcoin that is in danger. Chinas prototype digital currency will be released by Chinas Central bank this September of 2017. This is a concrete example that banks are turning into digital currency and bitcoin isnt winning the revolution. With this issue possibly later this year my expected price increase on bitcoin will only be a possibility and not a reality due to the release of China's Digital Money.
It will never happen because banks are mostly showing their interest towards bitcoin, bitcoin is just digital currency where we can transfer to any parts of country with low fee. But many countries banks want to implement the bitcoin transaction through banks.
I assume you meant to say that banks are showing their interest in the blockchain as technology, and not Bitcoin as coin, right? If so, then yes. Banks, governments, businesses, etc, see the added value of having a similar system as the blockchain technology to power their entire way of doing business and handling things. But the main thing here is that they are just looking to create their own private version of the blockchain. It will be made in the way that they remain in full control over every aspect, as they don't want you to enjoy any level of freedom.
It will never happen because banks are mostly showing their interest towards bitcoin, bitcoin is just digital currency where we can transfer to any parts of country with low fee. But many countries banks want to implement the bitcoin transaction through banks.
No. Bank can't disappear. Bitcoin is Anonymous.
My child will get nothing if i die and forget to tell them about my btc address and keys.
My child will get nothing if i die and forget to tell them about my btc address and keys.
That is right. I would like to use banks.
No. Bank can't disappear. Bitcoin is Anonymous.
My child will get nothing if i die and forget to tell them about my btc address and keys.
My child will get nothing if i die and forget to tell them about my btc address and keys.
logically yes bitcoin can take banks ingle handenly. but now a days banks startef some serious actions which they have not taken from these years. at this rate it will take only some decades to reach upto
us (us : bitcoiners)
us (us : bitcoiners)
The bitcoin is strong but I think not so strong, I think its also very dependable on the upcoming years.
If the bitcoin will grow with big numbers the next few years its possible in my opinion, but if this will not happen its highly unlikely.
My conclusion is that is not to predict at this time if I'm honest.
If the bitcoin will grow with big numbers the next few years its possible in my opinion, but if this will not happen its highly unlikely.
My conclusion is that is not to predict at this time if I'm honest.
Bitcoin can't make banks disappear, but It'll definitely give users secondary options,which would rather suit saving accounts.
It really can't make the banks disappear unless bitcoin will be supported by a country to make it banks replaced immediately. But I don't think that a certain country will support this decentralized crypto currency. They may support it in a way of adoption so that they will have some other source of taxation but making it their own bank and replace the usual bank, I don't think so.
No I do think this can happen in my opinion this is highly unlikely but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power that is why I do not think the bitcoin do it.
But banks have always found a way to adopt to the latest technologies and surely if the bitcoin becomes more and more popular and more investments were put into it, they will defiantly adopt and start using it as well, many online banks are starting to go down that road since a lot of the online freelancers use bitcoins. The banks are controlling the world and they have a lot of power that is why I do not think the bitcoin do it.
No I do think this can happen in my opinion this is highly unlikely but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power that is why I do not think the bitcoin do it.
Banks will always serve us even bitcoin will skyrocket, there must be a reason why the government put bank and that is to safeguard our assets if we prefer to deposit it, big businesses does not keep their money themselves, they put it in the bank. The banks are controlling the world and they have a lot of power that is why I do not think the bitcoin do it.
i dont think bitcoin can make bank disappear
we can become anonymous in bitcoin but that thing itself is the problem
not everyone like to hide their money or not like to put their money in not centralized currency
especially if you experience problem or bitcoin got problem how will you get back your money
unlike bank its centralized you can get the team behind it and owner information
bank adopt bitcoin have much higher possibility
while anyone can become anonymous while other can put their bitcoin in bank for higher security
we can become anonymous in bitcoin but that thing itself is the problem
not everyone like to hide their money or not like to put their money in not centralized currency
especially if you experience problem or bitcoin got problem how will you get back your money
unlike bank its centralized you can get the team behind it and owner information
bank adopt bitcoin have much higher possibility
while anyone can become anonymous while other can put their bitcoin in bank for higher security
No I do think this can happen in my opinion this is highly unlikely but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power that is why I do not think the bitcoin do it.
The banks are controlling the world and they have a lot of power that is why I do not think the bitcoin do it.
Bitcoin can't make banks disappear, but It'll definitely give users secondary options,which would rather suit saving accounts.
I don't think that bit coins will make banks vanish because not every nation has legalised it . Bank also gives us loan for different purposes like buying cars or anything else .bitcoin has to first overcome fiat .
Only bitcoin cannot do this . Everyone on this planet is not educated enough to use bitcoins .it would be a big journey to introduce bitcoins to them.but bank it is already giving loans making, accounts etc :-
Only bitcoin cannot do this . Everyone on this planet is not educated enough to use bitcoins .it would be a big journey to introduce bitcoins to them.but bank it is already giving loans making, accounts etc :-
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