Can Bitcoin make Banks disappear? - page 191.

Catlonid

full member

Activity: 190

Merit: 100

Quote from: farl2web on November 07, 2016, 03:04:49 PM

Quote from: apriloni on November 07, 2016, 01:36:35 PM

yes bitcoin can dissapear bank if bitcoin acceptable in any local shops and i hope sooner we will be use bitcoin for direct shopping in the future and then people will be convert their all money into bitcoin.

I think that this is impossible. And the thing is that the economies of all countries are connected completely with the banks and in the heart of the World Bank, and together they make up the system, on which depends the whole financial structure and the social life of each country individually. And what if bitcoin comes and decides to destroy this relationship? How and what will happen then.

bitcoin is not possible to eliminate the bank because the bank has a system protected by the government. The bank has rules to managing currency included bitcoin.
So, I think bitcoin can't disappear bank.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: ?? on ??

Quote from: Tyrantt on November 07, 2016, 06:02:37 PM

Quote from: farl2web on November 07, 2016, 03:04:49 PM

Quote from: apriloni on November 07, 2016, 01:36:35 PM

yes bitcoin can dissapear bank if bitcoin acceptable in any local shops and i hope sooner we will be use bitcoin for direct shopping in the future and then people will be convert their all money into bitcoin.

I think that this is impossible. And the thing is that the economies of all countries are connected completely with the banks and in the heart of the World Bank, and together they make up the system, on which depends the whole financial structure and the social life of each country individually. And what if bitcoin comes and decides to destroy this relationship? How and what will happen then.

farl2web is right, if there is one thing that will not disappear while there are countries, it's banks. Even if the bitcoin is the main currency, a lot of banks would be able to get a small % of the btc and do something with it, and there are a lot of banks with a siht ton of money. It wouldnt surprise me if someone doesn't start buying now.

Just as like what comes to my mind. Banks will remain no matter what will happen because they are controlled by the government and they are one of the most important part of the financial industry for a country. And the banks can just simply about the usage of bitcoin and you can see some thread that entitled bitcoin banks.

Banks plays a vital rule in our life, with government to take in charge, they are protecting our money and with banks there's always an insurance of our deposits or our funds while in bitcoin everything is not ensured. The fact that we cannot put all our money in bitcoin, we badly need bad as much as we need fiat.

madwica

hero member

Activity: 714

Merit: 531

Quote from: ?? on ??

Quote from: Tyrantt on November 07, 2016, 06:02:37 PM

Quote from: farl2web on November 07, 2016, 03:04:49 PM

Quote from: apriloni on November 07, 2016, 01:36:35 PM

yes bitcoin can dissapear bank if bitcoin acceptable in any local shops and i hope sooner we will be use bitcoin for direct shopping in the future and then people will be convert their all money into bitcoin.

I think that this is impossible. And the thing is that the economies of all countries are connected completely with the banks and in the heart of the World Bank, and together they make up the system, on which depends the whole financial structure and the social life of each country individually. And what if bitcoin comes and decides to destroy this relationship? How and what will happen then.

farl2web is right, if there is one thing that will not disappear while there are countries, it's banks. Even if the bitcoin is the main currency, a lot of banks would be able to get a small % of the btc and do something with it, and there are a lot of banks with a siht ton of money. It wouldnt surprise me if someone doesn't start buying now.

Just as like what comes to my mind. Banks will remain no matter what will happen because they are controlled by the government and they are one of the most important part of the financial industry for a country. And the banks can just simply about the usage of bitcoin and you can see some thread that entitled bitcoin banks.

Correct bank is one of the basis of good economy of one country there is no country without bank even the bitcoin would be more popular i think bank will adjust and adopt bitcoin because it is also a currency which the bank is the currency holder.

Tyrantt

hero member

Activity: 1022

Merit: 564

Need some spare btc for a new PC

Quote from: farl2web on November 07, 2016, 03:04:49 PM

Quote from: apriloni on November 07, 2016, 01:36:35 PM

yes bitcoin can dissapear bank if bitcoin acceptable in any local shops and i hope sooner we will be use bitcoin for direct shopping in the future and then people will be convert their all money into bitcoin.

I think that this is impossible. And the thing is that the economies of all countries are connected completely with the banks and in the heart of the World Bank, and together they make up the system, on which depends the whole financial structure and the social life of each country individually. And what if bitcoin comes and decides to destroy this relationship? How and what will happen then.

farl2web is right, if there is one thing that will not disappear while there are countries, it's banks. Even if the bitcoin is the main currency, a lot of banks would be able to get a small % of the btc and do something with it, and there are a lot of banks with a siht ton of money. It wouldnt surprise me if someone doesn't start buying now.

farl2web

full member

Activity: 168

Merit: 100

Quote from: apriloni on November 07, 2016, 01:36:35 PM

yes bitcoin can dissapear bank if bitcoin acceptable in any local shops and i hope sooner we will be use bitcoin for direct shopping in the future and then people will be convert their all money into bitcoin.

I think that this is impossible. And the thing is that the economies of all countries are connected completely with the banks and in the heart of the World Bank, and together they make up the system, on which depends the whole financial structure and the social life of each country individually. And what if bitcoin comes and decides to destroy this relationship? How and what will happen then.

SidaroffVany

sr. member

Activity: 240

Merit: 250

Quote from: whizter on November 07, 2016, 01:50:43 PM

Quote from: Mr. Big on November 06, 2016, 07:20:20 PM

Quote from: virtualkeybuyer on November 06, 2016, 07:00:02 PM

I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.

The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding...

but i think bitcoin can disappear banks, but in one condition, if all the people of the world start using bitcoin and stop using fiat currency,and then banks will automatically disappear, but i think it is not possible in present time it will tame decades as most of the people still do not know any thing about bitcoin.

I do not think it's possible at all to bitcoin destroyed banks. The fact that it is better to cooperate than to conflict. Perhaps it is superfluous thoughts of users who want to bitcoin took the lead.

Orion25

full member

Activity: 239

Merit: 250

In my opinion bitcoin is more profitable to cooperate with the banks and not try to take their place. The fact that the banking system is very well established in the financial sector and the fight against it will be very difficult or even impossible.

whizter

hero member

Activity: 588

Merit: 500

Quote from: Mr. Big on November 06, 2016, 07:20:20 PM

Quote from: virtualkeybuyer on November 06, 2016, 07:00:02 PM

I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.

The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding...

but i think bitcoin can disappear banks, but in one condition, if all the people of the world start using bitcoin and stop using fiat currency,and then banks will automatically disappear, but i think it is not possible in present time it will tame decades as most of the people still do not know any thing about bitcoin.

apriloni

full member

Activity: 138

Merit: 100

i think bitcoin can not disappear bank sometime i feel bitcoin if bank adopt the bitcoin then bitcoin will be useful in the world and then bitcoin acceptable in any local shops and i hope sooner we will be use bitcoin for direct shopping in the future and then people no need to be convert their all bitcoin into fiat.

Holly-Dolly

full member

Activity: 179

Merit: 100

Quote from: danherbias07 on November 07, 2016, 12:31:28 PM

Quote from: marleybobthedog on November 07, 2016, 05:43:59 AM

No bitcoin doesn't have that much strength to make banks disappear but bitcoin itself could get vanished someday because it's partially against government laws, like it doesn't have taxes and its decentralized. But one day banks could adopt digital money and use system like blockchain.

Very true although its purpose is to an another option for banks it could be taken out by the government or get banned in an instant. But I dont think they can make that decision just like that. There are too many rich people who wont risk that. They own a lot of this bitcoin and I think the government will have a real fight concerning the vanishing of this currency.

Our life is very strongly bound to the banking system, and I just can not imagine that banks will cease to exist.

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: marleybobthedog on November 07, 2016, 05:43:59 AM

No bitcoin doesn't have that much strength to make banks disappear but bitcoin itself could get vanished someday because it's partially against government laws, like it doesn't have taxes and its decentralized. But one day banks could adopt digital money and use system like blockchain.

Very true although its purpose is to an another option for banks it could be taken out by the government or get banned in an instant. But I dont think they can make that decision just like that. There are too many rich people who wont risk that. They own a lot of this bitcoin and I think the government will have a real fight concerning the vanishing of this currency.

onyek16M

sr. member

Activity: 812

Merit: 250

Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

May be not yet , example bitcoin can transferring through with mobilephone but keep need function of bank ..

marleybobthedog

full member

Activity: 210

Merit: 100

No bitcoin doesn't have that much strength to make banks disappear but bitcoin itself could get vanished someday because it's partially against government laws, like it doesn't have taxes and its decentralized. But one day banks could adopt digital money and use system like blockchain.

Jessica136

member

Activity: 70

Merit: 10

yes, Bitcoin can beat Banks and make all banks disappear. Bitcoin systems is more powerful than banks and also provides more facility during BTC transactions. So people love more BTC than banks.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: madwica on November 06, 2016, 11:31:49 PM

Quote from: 8Habits on November 06, 2016, 11:13:44 PM

Quote from: ?? on ??

Quote from: Mr. Big on November 06, 2016, 07:20:20 PM

Quote from: virtualkeybuyer on November 06, 2016, 07:00:02 PM

I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.

The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding...

Surely it will be hard for bitcoin to make the disappearance of banks in the scene. And you are right with it because of sovereign power of banks that they are connected and being controlled by the government. But it depends to the banks if they will allow bitcoins to enter the scene or make an adoption for the usage and services of bitcoin.

We should always remember that bitcoin is just an alternative for using fiat money online. There are people that doesn't prefer bitcoin as a form of online transaction and thus banks will always be there. This is also the same with bitcoins, there are people that prefers using bitcoin to some of their online transactions and thus they will only need bitcoin wallets however, they still have their bank accounts for other transactions that most need it.

Agree with you mate that bitcoin is an alternative currency that we can use in online transaction, Bank still there and much trusted to used in all transaction it may online or offline transaction and it is much usable for the big transaction that people made.

That is true mate! Wink

Glad that we have the same outlook with regards to gambling. There are other people that always tend to complicate things - they go to extreme scenario like banks will going to disappear

They don't stick with the very basic and just enjoy life and technology that makes life easier and comfortable

madwica

hero member

Activity: 714

Merit: 531

Quote from: 8Habits on November 06, 2016, 11:13:44 PM

Quote from: ?? on ??

Quote from: Mr. Big on November 06, 2016, 07:20:20 PM

Quote from: virtualkeybuyer on November 06, 2016, 07:00:02 PM

I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.

The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding...

Surely it will be hard for bitcoin to make the disappearance of banks in the scene. And you are right with it because of sovereign power of banks that they are connected and being controlled by the government. But it depends to the banks if they will allow bitcoins to enter the scene or make an adoption for the usage and services of bitcoin.

We should always remember that bitcoin is just an alternative for using fiat money online. There are people that doesn't prefer bitcoin as a form of online transaction and thus banks will always be there. This is also the same with bitcoins, there are people that prefers using bitcoin to some of their online transactions and thus they will only need bitcoin wallets however, they still have their bank accounts for other transactions that most need it.

Agree with you mate that bitcoin is an alternative currency that we can use in online transaction, Bank still there and much trusted to used in all transaction it may online or offline transaction and it is much usable for the big transaction that people made.

8Habits

sr. member

Activity: 756

Merit: 294

Quote from: ?? on ??

Quote from: Mr. Big on November 06, 2016, 07:20:20 PM

Quote from: virtualkeybuyer on November 06, 2016, 07:00:02 PM

I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.

The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding...

Surely it will be hard for bitcoin to make the disappearance of banks in the scene. And you are right with it because of sovereign power of banks that they are connected and being controlled by the government. But it depends to the banks if they will allow bitcoins to enter the scene or make an adoption for the usage and services of bitcoin.

We should always remember that bitcoin is just an alternative for using fiat money online. There are people that doesn't prefer bitcoin as a form of online transaction and thus banks will always be there. This is also the same with bitcoins, there are people that prefers using bitcoin to some of their online transactions and thus they will only need bitcoin wallets however, they still have their bank accounts for other transactions that most need it.

Mr. Big

global moderator

Activity: 2324

Merit: 1179

While my guitar gently weeps!!!

Quote from: virtualkeybuyer on November 06, 2016, 07:00:02 PM

I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.

The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding...

RoomBot

legendary

Activity: 2324

Merit: 1130

Can Bitcoin make Banks disappear?

YES!

Bitcoin banks. Grin

chineseprancing

hero member

Activity: 630

Merit: 500

Quote from: virtualkeybuyer on November 06, 2016, 07:00:02 PM

I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.

Agree with you and also that two was different category and no currency will replace other currency, and bitcoin is decentralize currency then bank holding only centralized currency which is different to bitcoin.

Topic: Can Bitcoin make Banks disappear? - page 191. (Read 427614 times)