Can Bitcoin make Banks disappear? - page 177.

choppork

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Quote from: Harlot on December 11, 2016, 03:57:36 AM

Bitcoin can't possibly go that far, because Banks are handles by conglomerate they know what they are doing. And as of the moment they are not panicking about Bitcoin and they have a reason not too. Bitcoin is a limited kind of currency and other than that it is unstable making it hard for any other people to use it. Also Bitcoin is not allowed in certain countries meaning they won't affect locals that much.

Bitcoin being limited is good. Scarcity gives value and if there was more amount of bitcoins in regulation right now, then the price of bitcoin would be different. There's no currency that has unlimited supply. Maybe if there was one, it would be fiat. Seriously, your balance in the bank is just a number. The government can easily adjust those digits.

People always say that bitcoin is banned in "certain countries" or in some countries but never bothered mentioned what countries are those. The government can't control whatever you want to do online. They might possibly track you down but they would never have control of your activities.

Harlot

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Bitcoin can't possibly go that far, because Banks are handles by conglomerate they know what they are doing. And as of the moment they are not panicking about Bitcoin and they have a reason not too. Bitcoin is a limited kind of currency and other than that it is unstable making it hard for any other people to use it. Also Bitcoin is not allowed in certain countries meaning they won't affect locals that much.

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Quote from: agamasrori on December 10, 2016, 09:10:46 PM

In the past I really did not think if bitcoin can make bank dissapear. But I have different thought right now. I think bitcoin have a chance to make it. If we are not need bank anymore so what for it still exist?

Banks won't get disappear, even if the entire population of the world accept bitcoin banks still continue to be used. Each has difference in the convenience, bitcoin is better for the user who is technically advanced and banks were preferred by common people who depend someone for financial services.

agamasrori

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In the past I really did not think if bitcoin can make bank dissapear. But I have different thought right now. I think bitcoin have a chance to make it. If we are not need bank anymore so what for it still exist?

Shenzou

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Well bitcoin can't really make bank disappear , i mean the idea of having wallets and only paying with your wallet address when going shopping or just simply buying coffee is really awesome and sounds really cool but if things gets digitized so as the banks i mean if the world starts using bitcoin all over the place banks will adapt and start using bitcoin instead of fiat .

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Quote from: ged00u on December 10, 2016, 10:31:30 AM

Quote from: iqlimasyadiqa on December 10, 2016, 05:43:35 AM

Quote from: Nevis on December 10, 2016, 04:39:46 AM

I think in the near future maybe it will came true that bitcon will eliminate banks now.That will just happen if all bigtime moneyholder and small people too wilp adopt bitcoins in their businesses and companies.

I agree with you . all of it will happen, we are only a matter of time. Bitcoin is now taking some of the financial sector in the world.
one of which is a system of online sales and also gambling sites. every time bitcoin continues to grow and become strong payment media.

Bank will soon disappear. It is only a tool which is used by Government to control citizen. Bitcoin is freedom. More and more people will know about Bitcoin and will use it instead of FIAT. While money keep inflating, Bitcoin price continue to go up no matter what. It is now playing an important role in the ecosystem, people can not ignore it forever

Even with people knowing bitcoin, they cant get the same as they do with fiat, or you will be consider to lend your bitcoins to a person you dont know for over something then 1 month? We all know bitcoin its volatil, and we can say bitcoin will keep growing over time, but at lending world there isnt the safety that we will get our bitcoins back, even if the loans are granted as btc and not their worth into fiat.

rally

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Bitcoin will never make banks disappear. That is impossible. There are only 21 million of bitcoins in the future. That is the maximum amount possible if i am correctly informeted. So if everyone in the world should be paying with bitcoins, we should all have very very very small amounts of bitcoin. That is impossible. I Believe in bitcoin as another value with which you will be able to pay all over the world, as you do with doller, yen, pound, euro or so. All the values will have there own life as now, and nothing is going to disappear.

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Quote from: Nevis on December 10, 2016, 04:39:46 AM

I think in the near future maybe it will came true that bitcon will eliminate banks now.That will just happen if all bigtime moneyholder and small people too wilp adopt bitcoins in their businesses and companies.

That is very doubtful, the only way that I could see that happening is if adoption grew overnight and it took the governments and banks by surprise by not allowing them time to do something about it, but since that is impossible then that means, as the user base of bitcoin grows banks and governments will have more than enough time to think what to do with this threat to the economic system.

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Quote from: ged00u on December 10, 2016, 10:31:30 AM

Quote from: iqlimasyadiqa on December 10, 2016, 05:43:35 AM

Quote from: Nevis on December 10, 2016, 04:39:46 AM

I think in the near future maybe it will came true that bitcon will eliminate banks now.That will just happen if all bigtime moneyholder and small people too wilp adopt bitcoins in their businesses and companies.

I agree with you . all of it will happen, we are only a matter of time. Bitcoin is now taking some of the financial sector in the world.
one of which is a system of online sales and also gambling sites. every time bitcoin continues to grow and become strong payment media.

Bank will soon disappear. It is only a tool which is used by Government to control citizen. Bitcoin is freedom. More and more people will know about Bitcoin and will use it instead of FIAT. While money keep inflating, Bitcoin price continue to go up no matter what. It is now playing an important role in the ecosystem, people can not ignore it forever

I agree Bitcoin is freedom, but I don't think so bank will disappear, in some countries and also due to some people of this world. Moreover if bank disappears I think the normal currency will also disappear and the price will not be going up anymore.

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Quote from: iqlimasyadiqa on December 10, 2016, 05:43:35 AM

Quote from: Nevis on December 10, 2016, 04:39:46 AM

I think in the near future maybe it will came true that bitcon will eliminate banks now.That will just happen if all bigtime moneyholder and small people too wilp adopt bitcoins in their businesses and companies.

I agree with you . all of it will happen, we are only a matter of time. Bitcoin is now taking some of the financial sector in the world.
one of which is a system of online sales and also gambling sites. every time bitcoin continues to grow and become strong payment media.

Bank will soon disappear. It is only a tool which is used by Government to control citizen. Bitcoin is freedom. More and more people will know about Bitcoin and will use it instead of FIAT. While money keep inflating, Bitcoin price continue to go up no matter what. It is now playing an important role in the ecosystem, people can not ignore it forever

iqlimasyadiqa

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Quote from: Nevis on December 10, 2016, 04:39:46 AM

I think in the near future maybe it will came true that bitcon will eliminate banks now.That will just happen if all bigtime moneyholder and small people too wilp adopt bitcoins in their businesses and companies.

I agree with you . all of it will happen, we are only a matter of time. Bitcoin is now taking some of the financial sector in the world.
one of which is a system of online sales and also gambling sites. every time bitcoin continues to grow and become strong payment media.

SvenBomvolen

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Tremendous task for bitcoin, I cant imagine something like this can happen. Banks are powerful institutions, there is more banks then altcoins, and if they feel threaten they can unite and make big troubles to bitcoin.
Banks work for government, or its reverse, they can make some new regulations and ban many things that we have available now.

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Quote from: Nevis on December 10, 2016, 04:39:46 AM

I think in the near future maybe it will came true that bitcon will eliminate banks now.That will just happen if all bigtime moneyholder and small people too wilp adopt bitcoins in their businesses and companies.

Far from realistic. If Bitcoin at some point in the future will form some sort of a danger to the entire banking system, then you can bet on it that the governments around the world will team up and force through a total ban. You can't simply expect the governments to keep looking at how Bitcoin is growing too large where no actions are taken. Every necessary action will be taken to prevent Bitcoin from causing any damage to their economy. That's why I am very happy with how Bitcoin is right now. It's an alternative, and not some sort of main currency. We all should be happy with that.

Nevis

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I think in the near future maybe it will came true that bitcon will eliminate banks now.That will just happen if all bigtime moneyholder and small people too wilp adopt bitcoins in their businesses and companies.

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Quote from: Mirconome on December 04, 2016, 11:41:31 PM

In general, the banking system so strong that it will withstand any shocks. It has existed for a long time, long before the emergence of the Internet and even electricity. Therefore, we can conclude that banks will live forever.

Aside from that bank managers and owners are clever enough to take advantage of any opportunity they find in the open market. They can even make profit to those supposed to be competitor because of their smart plannings. So definitely banks will stay and if ever bitcoin emerge as the top currency, this bank will take advantage of it and make it as tool to make their foundation stronger.

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Quote from: Sierra82fit on December 05, 2016, 01:17:26 PM

Today we are seeing a trend where governments support banking systems and do not want to accept bitcoin. But bitcoin still exists in spite of this policy. Poor that a small percentage of mankind knows about cryptocurrency.

If the bitcoin is widely accepted by non banking organisation such as shops, the banks will also accept it gradually.

Sierra82fit

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Today we are seeing a trend where governments support banking systems and do not want to accept bitcoin. But bitcoin still exists in spite of this policy. Poor that a small percentage of mankind knows about cryptocurrency.

Rastaman2016

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Quote from: 8Habits on December 05, 2016, 06:23:56 AM

Quote from: Barbut on December 05, 2016, 12:41:35 AM

Quote from: Mirconome on December 04, 2016, 11:41:31 PM

In general, the banking system so strong that it will withstand any shocks. It has existed for a long time, long before the emergence of the Internet and even electricity. Therefore, we can conclude that banks will live forever.

Nothing last forever, and banks are indeed old institution and they will disappear one day definitely. The reason of their disappearance will not be cause they are exist so long, it will be cause they are making rich people richer and they don't care about a little guy, and when awareness get to some higher level banks will be abandoned and people will move to alternatives, and for now fiat have just one alternative, bitcoin!

Wow, that is a very strong statement there mate! I really disagree with you that banks will disappear unless we will be in the point of no world order due to big nature calamities or after most of the countries are destroyed due to nuclear bombs from world war, or any related misfortunes.. But I doubt we will come to that point tbh.

Guys, if there is a war between the states, the bitcoin will not save anyone. This uniquely. Better not to think about it. Otherwise, banks will survive and bitcoin will lose its relevance.

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Quote from: wutard on December 05, 2016, 11:43:31 AM

If Bitcoin can offer people more than it offers a simple banking system, they will choose bitcoin. At the same time, and so that users use bitcoin, and ordinary people have yet to learn what it is.

Even if you throw Bitcoin without any regulations into the hands of the average joes, then still they will prefer to continue using the regular banking system. I know a few people that are exactly like this. No matter how many times I point them on the benefits of Bitcoin, they still follow their own path with a wrong way of thinking. Hard headed people that are not willing to agree as they are brainwashed by the media.

wutard

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If Bitcoin can offer people more than it offers a simple banking system, they will choose bitcoin. At the same time, and so that users use bitcoin, and ordinary people have yet to learn what it is.

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