Topic: Can Bitcoin make Banks disappear? - page 19. (Read 427618 times)
No, because regardless of how fiat will perform in the future, the lending business will always exist.
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
Or they may just mint their own cryptocurrencies
Can Bitcoin make banks disappear? This is not possible because bitcoin cannot do without bank because the coin will b change to cash.moreso some country re not internet compliance, their banking system is still manually done
I am really certain that bitcoin cannot make the banks disappear because there are countries who banned the use of bitcoin and also there are parts in the world who has no mobile and internet connection yet so therefore bitcoin will never exist on those areas which don't have any mobile or internet connection at all so that will be the main factors why bitcoin could never make the all banks go extinct in the near future.
Always in any phenomenon or process there are people who in favor of, and people who against. Only bitcoin will not replace the banks. That's for sure. There will always be adherents of the fiat currency who do not believe in crypto currency, in its right to exist, and consider bitcoin a soap bubble that is about to burst. Those banking institutions that will be able to introduce blocking technology into their systems will definitely be able to get ahead of their competitors.
They will not disappear but surely the banks will no longer be as we know them.
This is just a misunderstanding and misconception of the people about bitcoins that like bitcoins are going amazing right now so what they will be doing to banks when they will be legalized in all countries around the globe. So I think they need to understand the fact that there is no such thing going to happen. Yes things are scary for the banks as per the situation but banks will be there too.Banks are permanent structures, it's not possible to destroy them or disappear them. Disruption of the current banking system is still possible by the way. Bitcoin and blockchain will try this disruption.
It is possible. I know banks are not keen on Bitcoin because it represents a threat for them. But I think those banks who find solutions to implement their business on the blockchain will survive
As long as people uses fiat money, and not all people know and have knowledge about bitcoin, banks will never disappear.
Do you think Bank will accept Bitcoin as a currency to exchange?Bitcoin can't make Banks disappear, but it will be a part of economy and is used through Banks.
They will not disappear but surely the banks will no longer be as we know them.
This is just a misunderstanding and misconception of the people about bitcoins that like bitcoins are going amazing right now so what they will be doing to banks when they will be legalized in all countries around the globe. So I think they need to understand the fact that there is no such thing going to happen. Yes things are scary for the banks as per the situation but banks will be there too. 
BTC cannot challenge the status of Banks, so Banks will not disappear.And BTC is no longer able to replace every country's currency, which is a new virtual currency.In the future, the development of virtual currencies should continue to grow.
If we only consider bitcoin then it will be really difficult for a alone entity to eliminate banks but now we have many alternative coins due to which the digital currencies have become a threat to the banking system. It is a fact. Digital currencies are better than banks and their usage is also increasing rapidly. However, banks are also smart. They have started to accept digital currencies like ripple is famous for this. So banks are not going to disappear rather their ways will be changed.
Nothing will prevent the development of all. And bitcoin and banks exist.
No that impossible,banks are here decades ago and BTC is just starting maybe after hundred years banks will disappear together with the government.
Well said the bitcoin may bring some changes in the banking sector but it won't make banks disappear. Even even though we trust bitcoin but finally we are into banking to withdraw dollars. Soon the transaction through banks might get reduced when a lot of users get involved in bitcoin.
It will, But takes its time.
well, what do you think? bitcoin will not make the bank vanished. because the bank has a guarantee of protection from the state.
Hello
Not Bank will not disappear as soon it will take decades.
But monopoly of banks will disappear soon.
Thanks
Not Bank will not disappear as soon it will take decades.
But monopoly of banks will disappear soon.
Thanks
It is not true that bitcoin can make banks disappear even there are many people using banks than bitcoin. No one can disappear the banks unless you are the most powerful man in the whole world. Not all the people use bitcoin for transaction of their money that's why I don't believe that bitcoin can make banks disappear. It will not happen because at the end of the time, banks is the one that we need for transaction of our money and this is one of the thing that help us to make a money. We used banks when we cash out and also we use it for gaining our own money
As long as people uses fiat money, and not all people know and have knowledge about bitcoin, banks will never disappear.
I don't think it will going to happen because not all of the people know what Bitcoin is and not everyone knows how to use the computer. If you compare banks and Bitcoin they were the opposite of each other so why make banks disappear?
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.
I do agree on your statement, Banks wont go away because there will be a lot of people who are going to be affected, But bitcoins will really affect the society since more people will invest on it rather than placing their money in the banks and government will be also greatly affected.
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