Can Bitcoin make Banks disappear? - page 171.

NEWGOODOUBLE

sr. member

Activity: 476

Merit: 250

Quote from: posternat on December 24, 2016, 01:39:49 PM

Quote from: ?? on ??

I think Banks will not disappear
but maybe they will use Bitcoin.

Yes, in fact we are looking forward for this thing to happen.
But bank will not replaced by bitcoin because of its government's support and even there are many people who are truly using bank.

see government very anti with bitcoin. because bitcoin have decentralized nature and can not be controlled. I think it will be difficult for bitcoin to be accepted or adopted by the bank, saw the banks are owned by the government and with the permission of the government

sunsilk

hero member

Activity: 3038

Merit: 634

Quote from: Yaupgitda on December 27, 2016, 04:00:37 AM

Quote from: fasdorcas on December 27, 2016, 02:29:16 AM

Quote from: Zigsss on November 05, 2016, 06:17:11 PM

No it cannot let banks disappear these days that is just simply not possible because banks are way too big and also too powerful.
The bank cannot disappear simply because of that.

i agree with you that bitcoin can not disappear the bank because nowadays banks play very important role in any country and we pay our bills through bank and we deposit and withdrawal our money through banks so recently its impossible that bitcoin disappear then bank .

The banks can adopt the bitcoin and provide services based on the bitcoin. That will lower their operating costs.

Yeah that will lower their operating costs but they will charge their subscribers or potential customers for using their service.

As we know that banks are also charging different unusual fees that we don't know. Even we are not using their service, so that's really disappointing.

buyinbtc

legendary

Activity: 1008

Merit: 1010

CryptoTalk.Org - Get Paid for every Post!

Yes, Bitcoin can, but only if most of humanity will wake up and start buying bitcoins to save their money, and not to keep them in bank, a now a lot of people don't trust bitcoins yet and still keeps their money in bank, But when people will change this, i am sure that banks will have very bad times

but also, even if people will buy bitcoins like crazy, banks will be with us for next 20 years for sure, or even more

Yaupgitda

sr. member

Activity: 455

Merit: 250

Quote from: fasdorcas on December 27, 2016, 02:29:16 AM

Quote from: Zigsss on November 05, 2016, 06:17:11 PM

No it cannot let banks disappear these days that is just simply not possible because banks are way too big and also too powerful.
The bank cannot disappear simply because of that.

i agree with you that bitcoin can not disappear the bank because nowadays banks play very important role in any country and we pay our bills through bank and we deposit and withdrawal our money through banks so recently its impossible that bitcoin disappear then bank .

The banks can adopt the bitcoin and provide services based on the bitcoin. That will lower their operating costs.

fasdorcas

hero member

Activity: 798

Merit: 527

Quote from: Zigsss on November 05, 2016, 06:17:11 PM

No it cannot let banks disappear these days that is just simply not possible because banks are way too big and also too powerful.
The bank cannot disappear simply because of that.

i agree with you that bitcoin can not disappear the bank because nowadays banks play very important role in any country and we pay our bills through bank and we deposit and withdrawal our money through banks so recently its impossible that bitcoin disappear then bank .

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: Ziskinberg on December 26, 2016, 12:22:30 AM

Quote from: boyptc on December 25, 2016, 11:54:30 PM

Quote from: posternat on December 24, 2016, 01:39:49 PM

Quote from: ?? on ??

I think Banks will not disappear
but maybe they will use Bitcoin.

Yes, in fact we are looking forward for this thing to happen.
But bank will not replaced by bitcoin because of its government's support and even there are many people who are truly using bank.

That's true and it's hard to believe that a new young crypto currency will be able to replace the banking system that very easy way. That's why there are countries that are banning bitcoin because they know that it is going to be a demand cypto to their country and that can make people not obliged to pay their responsibility like tax.

Banning bitcoin does not help them as they think, we will continue to be bigger and we will be fighting for our right, there's no one that controls the system and this helps the humanity to enjoy fast and cheap transactions online using bitcoin, being anonymous is also a freedom we are looking and no one will look into our accounts just like the bank is doing.

There's no need to fight for our right unless your government did already ban the usage of bitcoin or if they do, we will still do some other ways to keep on using bitcoin. Because as long as we keep on using bitcoin and the government doesn't see some illegal activities involving us(citizens) they will not implement strict rules for it. But that is going to be a hard way if we think that bitcoin will make the banks disappear because we need it.

RajaJudi

sr. member

Activity: 403

Merit: 250

Less is more

Quote from: Wandering Soul~ on December 26, 2016, 07:29:05 AM

Banks has been up for a hundred years . Its an enough proof that banks played an important role in peoples life and will be continued to be needed in the future .

Banks rules might be changed over the years but it will be difficult to make it disappear.
So of course, Making bitcoin banks disappear is not very likely to happen as bitcoins greatest enemy are the government and banks are tied by its government.

People used to think that the Earth is the center of the universe. They had built many theories base on this belief. And then, it collapsed. We can not predict whether the bank system can be destroyed or not, but according to the history, we can easily see that many reliable system had been replaced to adapt new things, new ages, new techonologies

LifeLine

newbie

Activity: 21

Merit: 0

Quote from: Skarner21 on November 27, 2016, 04:12:33 PM

Quote from: lionheart78 on November 27, 2016, 03:22:34 PM

Quote from: Kabul on November 27, 2016, 08:02:26 AM

Quote from: avikz on November 27, 2016, 06:02:41 AM

My answer is no. Bitcoin can be a revolutionary electronic currency but it doesn't have the power to replace the traditional banking system. The reason is simple, bank is a government backed system. Also the Fiat currency is backed by government.

On the other hand bitcoin is backed by people's trust and it doesn't have any Central agency to support so the blockchain system can make an attractive investment route, but replacing banking system is never going to be happen.

I disagree with you. I believe that Bitcoin can easily replace banks in the future. Look at the world right now. We are in the middle of the World fourth technology revolution and the internet steadily replace physical services. And soon, Bitcoin will be a part of this world

I strongly disagree with you on this. Bank is not a currency that compete against Bitcoin, Bank is a financial institution, and this institution is clever enough to even make bitcoin popularity in their favor. And take note, bank operation is not limited to fiat money alone. Bitcoin may disappear but this kind of institution might be modified but will never disappear.

Yeah banks will be stay but bitcoin it can be gone and we cannot use bitcoin in offline mode unlike banks that we can use them online and offline.
Also banks is control by government so it is impossible that banks will disappear.
Bitcoin there is still no assurance that bitcoin will stay long in the future..

i think we can be use bitcoin as fiat in the near future because bitcoin is going more successful currency and bitcoin more move up to improve his facility and then i hope we can be use bitcoin in offline or online mode in the future.

bncbnc

hero member

Activity: 840

Merit: 500

Quote from: posternat on December 24, 2016, 01:39:49 PM

Quote from: ?? on ??

I think Banks will not disappear
but maybe they will use Bitcoin.

Yes, in fact we are looking forward for this thing to happen.
But bank will not replaced by bitcoin because of its government's support and even there are many people who are truly using bank.

actually bitcoin is not yet so much mature, it need some more time as still a very little number of people are using bitcoin, but in fact the number of bitcoin users is increasing continuously and hope that very soon all the people of the world will start using biitcoin.

Wandering Soul~

sr. member

Activity: 406

Merit: 250

Wolf

Banks has been up for a hundred years . Its an enough proof that banks played an important role in peoples life and will be continued to be needed in the future .

Banks rules might be changed over the years but it will be difficult to make it disappear.
So of course, Making bitcoin banks disappear is not very likely to happen as bitcoins greatest enemy are the government and banks are tied by its government.

R3ffun

sr. member

Activity: 714

Merit: 250

i think can not because in my opinion bitcoin can not usefully of bank ..

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: boyptc on December 25, 2016, 11:54:30 PM

Quote from: posternat on December 24, 2016, 01:39:49 PM

Quote from: ?? on ??

I think Banks will not disappear
but maybe they will use Bitcoin.

Yes, in fact we are looking forward for this thing to happen.
But bank will not replaced by bitcoin because of its government's support and even there are many people who are truly using bank.

That's true and it's hard to believe that a new young crypto currency will be able to replace the banking system that very easy way. That's why there are countries that are banning bitcoin because they know that it is going to be a demand cypto to their country and that can make people not obliged to pay their responsibility like tax.

Banning bitcoin does not help them as they think, we will continue to be bigger and we will be fighting for our right, there's no one that controls the system and this helps the humanity to enjoy fast and cheap transactions online using bitcoin, being anonymous is also a freedom we are looking and no one will look into our accounts just like the bank is doing.

boyptc

hero member

Activity: 3024

Merit: 680

★Bitvest.io★ Play Plinko or Invest!

Quote from: posternat on December 24, 2016, 01:39:49 PM

Quote from: ?? on ??

I think Banks will not disappear
but maybe they will use Bitcoin.

Yes, in fact we are looking forward for this thing to happen.
But bank will not replaced by bitcoin because of its government's support and even there are many people who are truly using bank.

That's true and it's hard to believe that a new young crypto currency will be able to replace the banking system that very easy way. That's why there are countries that are banning bitcoin because they know that it is going to be a demand cypto to their country and that can make people not obliged to pay their responsibility like tax.

Kray

hero member

Activity: 658

Merit: 500

Quote from: ?? on ??

Quote from: pyata4ok on December 24, 2016, 01:56:21 AM

Quote from: ?? on ??

Quote from: Gilf on December 23, 2016, 04:33:16 PM

Bitcoin in the current situation will not affect the banking system. All the people who own and make banks much trying to find a way for the user control bitcoin. But the banks do not withdraw from the market.

It can affect the banking system when people who are using banking services sees that it is an advantage for them to use bitcoin for sending and accepting payment through it unless their senders and receiver are using bitcoin. Because it is not going to be covered by tax and the fees are even cheaper like the banks are charging but not just because of this, banks will remain and not going to disappear.

The people are very dependent on the banking system, and the government never want to lose this power to celebrate their populations and to profit from it. Bitcoin in this case could help, but it will not work.

And that's the advantage of the banks, they are covered by the power of the government. They will not even allow this to happen because they are getting a lot of tax from the banking institutions. Even though bitcoin has a good purpose of helping us to be convenient but I think they are going make the image of bitcoin in ears of the people.

Bank have their real life

hurain

sr. member

Activity: 462

Merit: 250

Quote from: posternat on December 24, 2016, 01:39:49 PM

Quote from: ?? on ??

I think Banks will not disappear
but maybe they will use Bitcoin.

Yes, in fact we are looking forward for this thing to happen.
But bank will not replaced by bitcoin because of its government's support and even there are many people who are truly using bank.

yes it is not such an easy job to disappear banks by using bitcoins. currently majority of people have no idea about bitcoin and those people who even know about bitcoin but still they are also using it as secondary option therefore they also use banks for majority of their activities.

posternat

hero member

Activity: 798

Merit: 500

Quote from: ?? on ??

I think Banks will not disappear
but maybe they will use Bitcoin.

Yes, in fact we are looking forward for this thing to happen.
But bank will not replaced by bitcoin because of its government's support and even there are many people who are truly using bank.

kwuccduck

full member

Activity: 138

Merit: 100

Quote from: deppil on December 24, 2016, 03:29:48 AM

Quote from: Mirardowyn on December 21, 2016, 08:51:23 PM

No I do not think that this can happen to be honest but of course you never know it, most likely it cannot do this.
Banks are just way too powerful.

of course the bank is very strong because the government is behind the bank in addition to the human need for banks are quite high. with the bank people can send and receive money easily and quickly
so impossible banks will disappear

Banks are now very much or try to rein in bitcoin users and thus take control of their own or want to help the authorities. So help users bitcoin nowhere to wait.

deppil

hero member

Activity: 1008

Merit: 501

Quote from: Mirardowyn on December 21, 2016, 08:51:23 PM

No I do not think that this can happen to be honest but of course you never know it, most likely it cannot do this.
Banks are just way too powerful.

of course the bank is very strong because the government is behind the bank in addition to the human need for banks are quite high. with the bank people can send and receive money easily and quickly
so impossible banks will disappear

dimonchik13

sr. member

Activity: 261

Merit: 250

Quote from: Botnake on December 24, 2016, 02:38:31 AM

Quote from: pyata4ok on December 24, 2016, 01:56:21 AM

Quote from: ?? on ??

Quote from: Gilf on December 23, 2016, 04:33:16 PM

Bitcoin in the current situation will not affect the banking system. All the people who own and make banks much trying to find a way for the user control bitcoin. But the banks do not withdraw from the market.

It can affect the banking system when people who are using banking services sees that it is an advantage for them to use bitcoin for sending and accepting payment through it unless their senders and receiver are using bitcoin. Because it is not going to be covered by tax and the fees are even cheaper like the banks are charging but not just because of this, banks will remain and not going to disappear.

The people are very dependent on the banking system, and the government never want to lose this power to celebrate their populations and to profit from it. Bitcoin in this case could help, but it will not work.

When the government profit, we profit as well. Government is not a private entity that they will not share of their income, we put them in their position and it is just right to serve the will of the majority, they are governing the people to ensure it is the benefit for everyone on whatever we venture. By saying that, they will allow to welcome bitcoin to make banks disappear, banks are government so ain't happening.

I do not accept "trust" concept. I do not know these guys in the banks, why should I believe them? On the other hand, in the BTC confidence is not even considered as a factor. I do not want someone else controlling my money and credit cards. I earned that money. What the fuck someone decides when and how much can I withdraw from an account or make a deposit? Therefore bitcoin better than banks.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: pyata4ok on December 24, 2016, 01:56:21 AM

Quote from: ?? on ??

Quote from: Gilf on December 23, 2016, 04:33:16 PM

Bitcoin in the current situation will not affect the banking system. All the people who own and make banks much trying to find a way for the user control bitcoin. But the banks do not withdraw from the market.

It can affect the banking system when people who are using banking services sees that it is an advantage for them to use bitcoin for sending and accepting payment through it unless their senders and receiver are using bitcoin. Because it is not going to be covered by tax and the fees are even cheaper like the banks are charging but not just because of this, banks will remain and not going to disappear.

The people are very dependent on the banking system, and the government never want to lose this power to celebrate their populations and to profit from it. Bitcoin in this case could help, but it will not work.

When the government profit, we profit as well. Government is not a private entity that they will not share of their income, we put them in their position and it is just right to serve the will of the majority, they are governing the people to ensure it is the benefit for everyone on whatever we venture. By saying that, they will allow to welcome bitcoin to make banks disappear, banks are government so ain't happening.

Topic: Can Bitcoin make Banks disappear? - page 171. (Read 427614 times)