when everyone is forced to put their money into a bank then they will surely gonna switch to bitcoin because firstly they will try the other avalible options and secondly they are adicted to banks for a really long time so they will surely find bitcoin network exiting and free with it really is
Right now we are not forced to put our money in any bank, depending on where you live you can avoid them if you like and second while bitcoin is without a doubt better than any bank we are not anywhere the level of adoption needed for the average person to move to the bitcoin network. 
Topic: Can Bitcoin make Banks disappear? - page 189. (Read 427614 times)
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
Fiat is basically used for offline transactions and we need fiat for our day to day expenses, so even if we hold huge amount of bitcoins we need to convert them to fiat or transfer it to our bank accounts and till this situation continues I don't think that banks can ever disappear and bitcoin will always be dependent on banks and fiat currency.
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
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.
Neither fiat currency nor banks are going anywhere as majority of the population across the globe are dependent on it and using it since its inception and in that scenario its really hard to believe that it will get replaced with bitcoins as at this stage there are very few people who are aware about bitcoins.
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. 
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.
bitcoin can make banks disapper but it wont because it does not here to compete with banks it is aready an better version of it more sercurity more privacy and more freely ti manage money
Well, Bitcoin and banks both have obvious differences and offer different possibilities for customers, but they are competitors with regard to providing users an alternative to store value. And Bitcoin, being decentralized, provides a possibility that gives more control to the users. I do not think one will make the other disappear, anyway, at least not very soon. 
Bank do not disappear even bitcoin would be more popular and the value was too high and also bank is the safe keeper of the money of people who are very trusted to put our money and also this is government business.
Banks will be more progressive I guess if the bitcoin will be more popular because people will still use bank to buy and to sell their bitcoins. It will increase on the transaction of the bank as we primarily rely on the bank or in fiat. They will have a good volume while we will have a good adoption rate. when everyone is forced to put their money into a bank then they will surely gonna switch to bitcoin because firstly they will try the other avalible options and secondly they are adicted to banks for a really long time so they will surely find bitcoin network exiting and free with it really is
I don't get what you are pointing at...No one will force anyone to deposit their money to a bank, we are living in a free world and government is not forcing us to deposit our money to banks... Except if you mean that if everyone who deposit in the bank is exposing their money to the authority, well, there's nothing wrong with that, except if you are doing something illicit and not paying taxes and laundering your money... Bitcoin is a good option to store our money, but it will never replace banks functions...
Base on my own understanding, he is telling that if the bank will forced the people to deposit their money to the banks.
Then we or those people who are not like this type of system will also be forced to switch into bitcoins. And we are going to look for some other options so that we can avoid the banks disclosure to us.
Bank do not disappear even bitcoin would be more popular and the value was too high and also bank is the safe keeper of the money of people who are very trusted to put our money and also this is government business.
I believe that is it absolutely impossible that btc will destroy the bank system.
Beside its unpredictability, how could btc ever reach every country in the world? Think about the third world and remember: no internet no bitcoin.
Beside its unpredictability, how could btc ever reach every country in the world? Think about the third world and remember: no internet no bitcoin.
this is what i am trying to say too. for bitcoin to be accessed, people need internet, so automatically those who are i the remote are will not be able to use bitcoin. Second, even if bitcoin have replaced fiat money, there are several services of banks that cannot be replaced by bitcoin like storing important physical documents and many more.
Well the thing is that a Bitcoin wallet could take over some parts of a bank but there are financial instruments that banks use that you are not able to do a trustworthy investment with Bitcoin.
Also you don't get interest on your accounts with Bitcoin also
Also you don't get interest on your accounts with Bitcoin also
when everyone is forced to put their money into a bank then they will surely gonna switch to bitcoin because firstly they will try the other avalible options and secondly they are adicted to banks for a really long time so they will surely find bitcoin network exiting and free with it really is
I don't get what you are pointing at...No one will force anyone to deposit their money to a bank, we are living in a free world and government is not forcing us to deposit our money to banks... Except if you mean that if everyone who deposit in the bank is exposing their money to the authority, well, there's nothing wrong with that, except if you are doing something illicit and not paying taxes and laundering your money... Bitcoin is a good option to store our money, but it will never replace banks functions...
I believe that is it absolutely impossible that btc will destroy the bank system.
Beside its unpredictability, how could btc ever reach every country in the world? Think about the third world and remember: no internet no bitcoin.
I think that it is also impossible, for fiat still rule the world, and of course the fiat will continue to live because it is assisted by the government, so it is impossible that the bitcoin could make bank disappearBeside its unpredictability, how could btc ever reach every country in the world? Think about the third world and remember: no internet no bitcoin.
This is the reality that we can't change, fiat will still the most used type of currency and medium for different transactions. Even though there are online transactions or being paid by credit cards, still people will convert it to fiat and the banks are the ones who are responsible for doing that. So, bitcoin profits that needed to be sold and converted to cash, banks are needed for it so they will not be gone, they will remain.
when everyone is forced to put their money into a bank then they will surely gonna switch to bitcoin because firstly they will try the other avalible options and secondly they are adicted to banks for a really long time so they will surely find bitcoin network exiting and free with it really is
BANK network would not do it. but when bitcoin can provide better service, I believe users and communities in the world will slowly using bitcoin. bitcoin users will grow rapidly. when everyone is forced to put their money into a bank then they will surely gonna switch to bitcoin because firstly they will try the other avalible options and secondly they are adicted to banks for a really long time so they will surely find bitcoin network exiting and free with it really is
No one is forced to deposit money at the banks, we do use them for saving purposes, as well to protect our money, that is something that we had adopted severals years ago, better then let the money at home and someone steal it. Now we do have bitcoin that can save our money as well, but has no power to replace banks. 
I believe that is it absolutely impossible that btc will destroy the bank system.
Beside its unpredictability, how could btc ever reach every country in the world? Think about the third world and remember: no internet no bitcoin.
I think that it is also impossible, for fiat still rule the world, and of course the fiat will continue to live because it is assisted by the government, so it is impossible that the bitcoin could make bank disappear Beside its unpredictability, how could btc ever reach every country in the world? Think about the third world and remember: no internet no bitcoin.
I believe that is it absolutely impossible that btc will destroy the bank system.
Beside its unpredictability, how could btc ever reach every country in the world? Think about the third world and remember: no internet no bitcoin.
Beside its unpredictability, how could btc ever reach every country in the world? Think about the third world and remember: no internet no bitcoin.
I agree its not possible in my eyes due to the fact that the bank is way more powerful than the bitcoin itself on this moment.
when everyone is forced to put their money into a bank then they will surely gonna switch to bitcoin because firstly they will try the other avalible options and secondly they are adicted to banks for a really long time so they will surely find bitcoin network exiting and free with it really is
I dont understand what you mean. If we are force to put money into the bank, we will look at the different function of the bank and not somewhere else where we have no money to use. So i will end up using the bank debt card, ibank, atm etc.
I also do not understand this at all but the fact is indeed if this happen we will have banks but the bitcoin will than disappear..
when everyone is forced to put their money into a bank then they will surely gonna switch to bitcoin because firstly they will try the other avalible options and secondly they are adicted to banks for a really long time so they will surely find bitcoin network exiting and free with it really is
I dont understand what you mean. If we are force to put money into the bank, we will look at the different function of the bank and not somewhere else where we have no money to use. So i will end up using the bank debt card, ibank, atm etc.
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