Topic: Can Bitcoin make Banks disappear? - page 188. (Read 427614 times)
Banks won't disappear unless we'd get past the governments seeking nothing but total control over us. We're using them because it's easier and maybe even a necessity, but if you think about banks throughoutly you'll find out you don't agree with banks either. They are like the evil disguised in angel.
Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.
ya , right i agree to you .. sophisticated and popular as any bitcoin , it has not been able to replace bank 
Bitcoin could replace banks on storing your money, but for now it can make them disapear. But banks will need to improve its services because other fintech companies could replace them on lending, and other services.
I do not want banks to improve their service, I would rather bitcoin take over for them, because they charge so many fees it is unreal. Did you know their lending laws in the USA allow them to loan out 1,000% of what you have in savings with them. So if you deposit 100k into the bank, they will give you 2% if you are lucky and they will be able to loan out 1 Million dollars that the government will back at the average interest rate of 11.3%. So for the $3thousand you make, max, in interest per year, they make an average of 110k!! Anyone else like banks to satay around?
Theres no chance for a digital currency in placing a fiat currency. We all know that fiat is being used by all people all over the world and it already established its name and its uses worldwide and for bitcoin no matter how it flies , it cant still place fiat currency , so this means banks would be still there because fiat do store on banks.
I agree with you, bitcoin and bank is two totally different concept, bitcoin's existence doesn't have anything to deal with banks and the fact that no matter how high bitcoin can grow or how low it can get, banks aren't affected by any of them. Therefore, bitcoin certainly can't replace banks, not to mention make them disappear.Bitcoin makes some bank functions obsolete, but not all of them.
From the top of my head: bitcoin cannot do the following:
-lending & borrowing
-letter of credits
-chargebacks
Bitcoin could replace banks on storing your money, but for now it can make them disapear. But banks will need to improve its services because other fintech companies could replace them on lending, and other services.
Theres no chance for a digital currency in placing a fiat currency. We all know that fiat is being used by all people all over the world and it already established its name and its uses worldwide and for bitcoin no matter how it flies , it cant still place fiat currency , so this means banks would be still there because fiat do store on banks.
I agree with you, bitcoin and bank is two totally different concept, bitcoin's existence doesn't have anything to deal with banks and the fact that no matter how high bitcoin can grow or how low it can get, banks aren't affected by any of them. Therefore, bitcoin certainly can't replace banks, not to mention make them disappear.Bitcoin makes some bank functions obsolete, but not all of them.
From the top of my head: bitcoin cannot do the following:
-lending & borrowing
-letter of credits
-chargebacks
Bitcoin can not make banks disappear because it has not parallel system to replace all the things what banks are doing and services they are providing. Bitcoin has controlled a large portion of banking services mostly online related things already and that is sufficient to keep focus on. They will exist in working together atmosphere continuously.
Both the crypto and fiat are different from each other and so will not make much difference but can be helpful to each other in some ways
yes i am also agree with you. i also think that bitcoin is not going to disappear banks, i also think that both will work together and a time will come when banks will accept bitcoin for depositing and withdrawal, and for os many other purposes. 
Both the crypto and fiat are different from each other and so will not make much difference but can be helpful to each other in some ways
I think crypto also included so bitcoin currency has the possibility to be able to shift fiat currencies, I think if it happens it will eliminate bank 
Will in addition to banks paying interest if you save money not more b but at least they pay. banks also provide more protection to its customers, if you're fooled by a merchant. you can report the bank and they will freeze fraudsters wallet and your money will be refund in you bank that's cool but in bitcoin world situation is something else. All bitcoin services comes to loot money not to profit you.
You are right about that, banks offer some better protection and if case of scam they can do something. Only its not like that in reality, scammers don`t have bank accounts, they in most cases don`t have nothing on their name, they know for all the tricks. Maybe with cold wallet and safe place of your own choice you can protect your money better then the bank.
It`s not true that bitcoin services are scams, there is good ones, and if people have a little brain they will come here and inform about some service before they give money. That is right thing to do, and you should do it and you will not be scammed.
Will in addition to banks paying interest if you save money not more b but at least they pay. banks also provide more protection to its customers, if you're fooled by a merchant. you can report the bank and they will freeze fraudsters wallet and your money will be refund in you bank that's cool but in bitcoin world situation is something else. All bitcoin services comes to loot money not to profit you.
If Bitcoin really becomes the defacto currency, banks will only adopt them and remain rich. Business is business to them.
Banks do business but they still comply with the basic laws of the government, they are a business of trust and they want everything to be transparent. Bitcoin is under their watch list as we can transact here without giving enough information and we can do illegal activities, with banks they will not allow that.That's not the job of the bank do this but it's the job from government however the banks always will provide all infos about accounts/money/transactions to the government if it's required. However banks earn a lot of money from poor people and lend this money to "rich" people.
Banks are good in handling your money and different financing services so even they are not covered by the government law. Still they are business and business tend to give good customer service and satisfactory to their customers. And that's the reality of the banks they are using saved money for lending to businessmen. That's why bitcoin won't possibly make the disapperance of banks.
Is good in handling your money?
Do you know that if every person go to withdraw their money, the banks will have money to pay just a very small % of the people?
This is a big scheme that government agreed, something sick and that's why banks are unsafe, wait untill the next big economy crash.
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?
In my opinion bank can never be disappear . Atleast in 40-50 year bank can never be disappear , because the main reason behind this phrase is that a big part of the population of the world is uneducated and this will take much time to became aware about this and use online payment . "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?
If Bitcoin really becomes the defacto currency, banks will only adopt them and remain rich. Business is business to them.
Banks do business but they still comply with the basic laws of the government, they are a business of trust and they want everything to be transparent. Bitcoin is under their watch list as we can transact here without giving enough information and we can do illegal activities, with banks they will not allow that.That's not the job of the bank do this but it's the job from government however the banks always will provide all infos about accounts/money/transactions to the government if it's required. However banks earn a lot of money from poor people and lend this money to "rich" people.
If Bitcoin really becomes the defacto currency, banks will only adopt them and remain rich. Business is business to them.
Banks do business but they still comply with the basic laws of the government, they are a business of trust and they want everything to be transparent. Bitcoin is under their watch list as we can transact here without giving enough information and we can do illegal activities, with banks they will not allow that.
If Bitcoin really becomes the defacto currency, banks will only adopt them and remain rich. Business is business to them.
Banks do business but they still comply with the basic laws of the government, they are a business of trust and they want everything to be transparent. Bitcoin is under their watch list as we can transact here without giving enough information and we can do illegal activities, with banks they will not allow that.
If Bitcoin really becomes the defacto currency, banks will only adopt them and remain rich. Business is business to them.
Banks do business but they still comply with the basic laws of the government, they are a business of trust and they want everything to be transparent. Bitcoin is under their watch list as we can transact here without giving enough information and we can do illegal activities, with banks they will not allow that.
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?
I do Not think that bitcoin can make bank dissapear, people may more like decentralization than centralization. But country still need bank, bank is foundation of world economy. Bitcoin and bank is still needed. "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?
If Bitcoin really becomes the defacto currency, banks will only adopt them and remain rich. Business is business to them.
Banks do business but they still comply with the basic laws of the government, they are a business of trust and they want everything to be transparent. Bitcoin is under their watch list as we can transact here without giving enough information and we can do illegal activities, with banks they will not allow that.
If Bitcoin really becomes the defacto currency, banks will only adopt them and remain rich. Business is business to them.
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