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Topic: Can Bitcoin make Banks disappear? - page 174. (Read 427614 times)

sr. member
Activity: 714
Merit: 250
December 20, 2016, 09:48:32 PM
The bitcoin is good and I think it has a good future but that does not means it can let banks disappear not gonna happen in my eyes.
I am sorry but I have different opinion with you, we use bank becouse we need to save our money in it, but if we have our own wallet it's mean we doesn't need it anymore. So many countries that start to accept bitcoin and it was become main stream. If bank do not begin to cooperate with bitcoin, I think they could be dissapear.
member
Activity: 72
Merit: 10
December 20, 2016, 08:35:23 PM
The bitcoin is good and I think it has a good future but that does not means it can let banks disappear not gonna happen in my eyes.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 20, 2016, 04:29:47 PM
Banks are loosing costumers, thats a fact, their services with the finacial system in problems are damaging banks, and they just raise their fees, i had a company and they raised the month fee around 50%, the result of the lower volume of lending. Anyway banks still being the best option for those which wanna to buy a new car or buy a house, allowing you to repay over 40 years, bitcoin lending its a sensible are till the moment, maybe some day someone can offer a legit service.
So where or the ex-customers of banks go? I think they still benefit of the use of a Bank accout. Also I can't blame banks for having low interest. Because they also have matters to face such as comptetitive rates and more discounts. And I doubt a bank will lose a customer because losing a cutstomers means that they don't even their bank account for use.
There are many people that don't use bank accounts at all, so ex costumers may leave the bank and go nowhere, depending on the place where you live, you could live without being part of the banking system for a very long time or for the rest of your life.
hero member
Activity: 980
Merit: 523
December 18, 2016, 04:02:31 PM
I think Banks will not disappear
but maybe they will use Bitcoin.
you are right that Bank will never disappear and i also hope that bank will be sooner adopting bitcoin for their bank because bitcoin getting too much popular and bitcoin adoption is also on high point so i am sure bitcoin will be promote to bank in the near future. 
legendary
Activity: 3542
Merit: 1352
Cashback 15%
December 18, 2016, 03:47:21 PM
Banks finance every country in this world and helps every government to do and create some projecst for the betterment of their people. The thing about banks is even if you tried to shut them off, the governments would back them simply because they benefit from it. And compared to bitcoins, banks are humongous entities; it requires a ton of effort to actually shift the tides.
hero member
Activity: 644
Merit: 500
December 18, 2016, 03:43:48 PM
It will happen one day that banks will disappear but it is hard to that it will happen due to Bitcoin or due to digital fiat transaction. If world start to do  digital transaction and technology improves than it is possible that there will be no bank office but still banks will be maybe digital banks. 
nope it will not happen, banks will continue to exist because the fiat will always support the bank. because fiat fiat owned by the government of course will always persist and live until whenever
including on banks
I will say that banks will remain not because of fiat but as there are a a lot of duties which the banks are performing for different governmental and non governmental bodies and because of these banks different institute limit their financial departments because they give their financial duties to banks.
full member
Activity: 154
Merit: 100
December 18, 2016, 03:10:31 PM
Bitcoin can't make banks disappear just because people are using it; it's what they know, and they will use. Even if they discovered Bitcoin and understands its purpose, they would still use what they know and always using because almost everyone uses banks. I hope it could be applied everywhere.
hero member
Activity: 1806
Merit: 672
December 18, 2016, 01:00:31 PM
Banks are loosing costumers, thats a fact, their services with the finacial system in problems are damaging banks, and they just raise their fees, i had a company and they raised the month fee around 50%, the result of the lower volume of lending. Anyway banks still being the best option for those which wanna to buy a new car or buy a house, allowing you to repay over 40 years, bitcoin lending its a sensible are till the moment, maybe some day someone can offer a legit service.
So where or the ex-customers of banks go? I think they still benefit of the use of a Bank accout. Also I can't blame banks for having low interest. Because they also have matters to face such as comptetitive rates and more discounts. And I doubt a bank will lose a customer because losing a cutstomers means that they don't even their bank account for use.
hero member
Activity: 868
Merit: 500
December 18, 2016, 12:49:53 PM
Banks are loosing costumers, thats a fact, their services with the finacial system in problems are damaging banks, and they just raise their fees, i had a company and they raised the month fee around 50%, the result of the lower volume of lending. Anyway banks still being the best option for those which wanna to buy a new car or buy a house, allowing you to repay over 40 years, bitcoin lending its a sensible are till the moment, maybe some day someone can offer a legit service.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
December 18, 2016, 09:13:20 AM
If the network remains stable and decentralized over the years, Bitcoin will certainly be a successful currency and will attract a large number of people who use banking systems, but I think that in the early stages these people will use both systems at the same time, as the Bitcoin ecosystem still does not provide all the resources for people to use it as the only platform.

Of course we are always wanting to be on the safe zone and by just simply using both systems of bitcoin and banks that is making us wise doing that. Since bitcoin will not make the banks disappear still we are going to stick with both of it whether they will have their own competition, still the consumers will always have the favor.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 18, 2016, 08:10:48 AM
I think Banks will not disappear
but maybe they will use Bitcoin.
Either way, it's not happening. Bank will not be replace by bitcoin of course it's a different thing and we cannot compete with fiat. People will always support bank as it is legitimate compared to bitcoin and government supports bank.
sr. member
Activity: 454
Merit: 250
December 18, 2016, 02:40:45 AM
If the network remains stable and decentralized over the years, Bitcoin will certainly be a successful currency and will attract a large number of people who use banking systems, but I think that in the early stages these people will use both systems at the same time, as the Bitcoin ecosystem still does not provide all the resources for people to use it as the only platform.
hero member
Activity: 1190
Merit: 500
December 18, 2016, 02:34:06 AM
It will happen one day that banks will disappear but it is hard to that it will happen due to Bitcoin or due to digital fiat transaction. If world start to do  digital transaction and technology improves than it is possible that there will be no bank office but still banks will be maybe digital banks. 
nope it will not happen, banks will continue to exist because the fiat will always support the bank. because fiat fiat owned by the government of course will always persist and live until whenever
including on banks
hero member
Activity: 798
Merit: 500
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December 18, 2016, 02:12:33 AM
Bitcoin prospects are still unknown, whether it can replace the banks largely depends on the attitude of the government, it is theoretically possible, but does not rule out the emergence of more advanced technology.
Perhaps the trend is that banks should support bitcoin development. After all, the encrypted currency has proven to be a cost-effective transfer or remittance.

One thing that I am thinking that will be sacrificed when bitcoin is being regulated by the government is its decentralization, which is as far as I know is against the bitcoin. Now, if we are talking about banks, we are talking about legal and government regulated money is what they are running, in short we will end up being used by the government and for sure lots of changes will happen and I don't think that it will still be called bitcoin.
sr. member
Activity: 297
Merit: 250
December 17, 2016, 10:09:09 PM
Bitcoin prospects are still unknown, whether it can replace the banks largely depends on the attitude of the government, it is theoretically possible, but does not rule out the emergence of more advanced technology.
Perhaps the trend is that banks should support bitcoin development. After all, the encrypted currency has proven to be a cost-effective transfer or remittance.
hero member
Activity: 588
Merit: 500
December 17, 2016, 06:10:01 PM
It will happen one day that banks will disappear but it is hard to that it will happen due to Bitcoin or due to digital fiat transaction. If world start to do  digital transaction and technology improves than it is possible that there will be no bank office but still banks will be maybe digital banks. 
i think it is not so easy, and i think it will take a lot of time, it is only possible if all the people of the world start using bitcoin and i think it is not possible in near future, i think it will take decades.
full member
Activity: 162
Merit: 100
December 17, 2016, 04:58:46 PM
Quite unlikely Bitcoin would make banks dissaper, at strongest case scenario it'd either reduce the reliance on banks for funding and payments, or force banks to implement Bitcoin.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 17, 2016, 04:53:50 PM
Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.
yep even some say in the future there will be a special bank bitcoin like fiat, in my country bitcoin is not legal payment. so seems must a long wait until it happens
Both have a separate value, The Banks are under control of our government, and the Bitcoin is ruling online gambling industry. Our governments need banks to control our economy. And the banks will pay tax to government so the banks are legal in all country. Why the bitcoin is not legal in many countries means in BTC transaction govt will not get any income and people will use this currency to do illegal activities. That is why BTC is illegal in many countries.
Government will not get income and people can maximize it's income, I guess that's fair and that's the main reason why we adopters of bitcoin does not want it to be regulated so government will not interfere in our transaction online.

When goverment don't have income, i think it will make country fail. It means no more construction.
Governments in the past also participated in several business opportunities, so they generated profits, and also organized lotteries and stuff to raise money for projects in the past, that would not be enough but it could help to soften the blow.
sr. member
Activity: 462
Merit: 250
December 17, 2016, 10:48:42 AM
Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.
yep even some say in the future there will be a special bank bitcoin like fiat, in my country bitcoin is not legal payment. so seems must a long wait until it happens
Both have a separate value, The Banks are under control of our government, and the Bitcoin is ruling online gambling industry. Our governments need banks to control our economy. And the banks will pay tax to government so the banks are legal in all country. Why the bitcoin is not legal in many countries means in BTC transaction govt will not get any income and people will use this currency to do illegal activities. That is why BTC is illegal in many countries.
Government will not get income and people can maximize it's income, I guess that's fair and that's the main reason why we adopters of bitcoin does not want it to be regulated so government will not interfere in our transaction online.

When goverment don't have income, i think it will make country fail. It means no more construction.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 16, 2016, 08:49:40 PM
Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.
yep even some say in the future there will be a special bank bitcoin like fiat, in my country bitcoin is not legal payment. so seems must a long wait until it happens
Both have a separate value, The Banks are under control of our government, and the Bitcoin is ruling online gambling industry. Our governments need banks to control our economy. And the banks will pay tax to government so the banks are legal in all country. Why the bitcoin is not legal in many countries means in BTC transaction govt will not get any income and people will use this currency to do illegal activities. That is why BTC is illegal in many countries.
Government will not get income and people can maximize it's income, I guess that's fair and that's the main reason why we adopters of bitcoin does not want it to be regulated so government will not interfere in our transaction online.
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