"Can Bitcoin make Banks disappear?"
Well a full grown elephant can "disappear" behind a tin of coke if it's 100 yards away
and the elephant in the room is Bitcoin transaction fees going from a mouse size $0.10 to
a massive $25.00 or more.
The two question you should be asking are
1. Will I have any value left in BTC to cash out
2. Will the banks take payments coming from Exchanges so i can spend fiat on the high streets
Facts are the bitcoin miners are worse than bankers when it comes to fees and the new
Lightning Network uses hubs, these charge fees are are mini banks anyway.
https://www.youtube.com/watch?v=MpfvhiqFw7A
Topic: Can Bitcoin make Banks disappear? - page 17. (Read 427612 times)
No NO NO , banks are required for a country for economic growth plus it gives a high security for money while bitcoin is just a currency that can be either be banned or not to a certain country,
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
Banks will not disappear, but they might change type of there activity, more likely they will change their system.
I think, it is hard to disappear the banks in the marketing world, maybe they can use bitcoin in withdrawal, deposit or loans in the bank. Bitcoin has so many credential in the marketing world, maybe it is not possible that bak will uses bitcoin in the future. Bank is more important to all people so that they will use bank to secure more money because in digital wallet, it can be hack or scammed by other people but in the bank there is only a less chance in this situation.
I don't think banks will go away or dissapear.
It might goes to a different way.
It might goes to a different way.
I dont think that Bitcoin or any crypto can make Banks disappear. Banks are very important for a lot of people, because they dont even know how to use Bitcoin and on top of that they cant be put in responsability to handle all their finances by their own.
I hope that there will be more people of course will use Bitcoin but it cant disappear the banks and that will also not happen. Banks wont disappear, they will just change the way they operate in the future.
I hope that there will be more people of course will use Bitcoin but it cant disappear the banks and that will also not happen. Banks wont disappear, they will just change the way they operate in the future.
From the most beginning banks tried to fight with the phenomenon of crypto currencies and ICO, cause it was taking clients from them. I do not know for how many times I have heard all those warnings to not invest in to crypto currencies and things about it's dangerous nature. And? I am soon for two years in all of that and for all this period of time I have got only profit and I don't want to leave it. Recently I have heard some news from South Korea about some of their banks, which adding cryptos into their exchange lists. That's what I call the progress and now we can see what is the end of the war between banks and crypto currencies.
I agree that banks were trying to fight against crypto currencies since the beginning but I'm not agree that you think it is the end of the war. I believe it is just starting to be bloody. Banks will try their best now to prevent further popularization of cryptos.
Capitalist system finds a way to protect itself so it's not that possible to make banks and other corporations disappear from the world. It's even harder with bitcoin and cryptocurrencies.
Generally, bank especially World Bank hold the most powerful currency, the cash or money. Even though Bitcoin has a great value today and have a big possibility to become bigger in the future, So BTC cannot make banks disappear. Because for me, you can't withdraw your BTC without banks. So every time you earn BTC and make it money, you also use banks.
No i dont think it can really. People that know about bitcoin in the world are not even a quarter of the worlds population
From the most beginning banks tried to fight with the phenomenon of crypto currencies and ICO, cause it was taking clients from them. I do not know for how many times I have heard all those warnings to not invest in to crypto currencies and things about it's dangerous nature. And? I am soon for two years in all of that and for all this period of time I have got only profit and I don't want to leave it. Recently I have heard some news from South Korea about some of their banks, which adding cryptos into their exchange lists. That's what I call the progress and now we can see what is the end of the war between banks and crypto currencies.
I agree that banks were trying to fight against crypto currencies since the beginning but I'm not agree that you think it is the end of the war. I believe it is just starting to be bloody. Banks will try their best now to prevent further popularization of cryptos.
From the most beginning banks tried to fight with the phenomenon of crypto currencies and ICO, cause it was taking clients from them. I do not know for how many times I have heard all those warnings to not invest in to crypto currencies and things about it's dangerous nature. And? I am soon for two years in all of that and for all this period of time I have got only profit and I don't want to leave it. Recently I have heard some news from South Korea about some of their banks, which adding cryptos into their exchange lists. That's what I call the progress and now we can see what is the end of the war between banks and crypto currencies.
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
Well that depends on the banks ability to adapt to the changes that the cryptocurrencies had brought to the world. Also, the fact that banks mostly accept money that has physical form, thereby refusing the whole idea of online currency. Still, I have faith that they would also adapt to the innovation of the world.
I think its impossible that bitcoin can make bank disappear because people nowadays is too advance ,if bitcoin will upgrade and the bank as well.
I think this is impossible, we all know that the major factor of bank power is the rule of the state and as long as the state protects the banks then anything that happens with bitcoin will not make banks disappear.
Banks will not disappear in general, instead banks will soon use bitcoins as part of their system.
The Banks will fight BTC and other cryptocoins by all means, the money and power holder nowadays i think are pretty powerful to do that. Maybe they will find a way to create a disbalance to the holding wealth again, by making their own crypto, or by all means posessing the biggest amount of the existing.
Bitcoin cant make the banks disappear in the future because many people need banks and you cant take it away. Cryptocurrency is a few years old, while banks have been around for centuries.
It is really impossible for banks to disappear. But I think they will undergo some change in the future but the lacks of banks meaning the end of economy of one country. All countries on the world rely on each others bank. Bitcoin can disappear but banks will not.
The banks will definitely lose some portion of the share to the crypto world. but disappearing or even bankrupt, i dont think it will happen at the near future.
Personally, I think it's possible that the cash disappear is a trend, so the emergence of cryptocurrency is to replace the cash.
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