Can Bitcoin make Banks disappear? - page 196.

BitMaxz

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Quote from: BitHodler on October 31, 2016, 11:31:00 AM

Quote from: lOvE mE forEvEr on October 31, 2016, 10:11:32 AM

I would like to see that happen, disappearing of banks sounds great. But unfortunately that will not happen. For me its hard to predict what will banks do about and with bitcoin but for sure they have some plans. What is for some bank couple million dollars, they can came in the game when ever they wish, maybe they are in now who can tell?

How can you say that when banks disappear, that it will be great? You really don't know what you are talking about.

First of all, there is absolutely no need for Bitcoin to replace anything as both can work alongside each others without any problems.

And second, the power is within the hands of the governments. Only they have the ability/power to change something in their financial system. Bitcoin has not even a slight chance.

There is no way that banks will gone or disappear if banks will disappear it can affect also the price of bitcoin all everything online related in fiat will gone.. banks are the main source of money why we have money and that is why bitcoin can exchange into fiat because of banks. they are perfect couple just like you said.. and yeah i believe bitcoin is just alternative payment processor or investment

bitcoluck

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I hope of course that bitcoin will be more popular and more used. but banks are important and a main part of the economical system, I think bitcoins will coexist with banks.

jonpande

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Banks will never disappear, because there will always be people who will depend on the bank, no bank, fiat could not exist, because the bank is the only one that creates the money, so there is no reason for banks to disappear.

Doamader

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But why would us or regular clients of fiat invest into banks accounts knowing they can manipulate the value whenever they wanna, if they provide some advantage to get their coins, it will be a sucess otherwise i do believe they will fail.

Aamir1

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Quote from: to1ga on October 30, 2016, 01:51:02 PM

Quote from: iram3130 on October 30, 2016, 12:14:24 PM

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

Exactly, and if they really reach the point where they think they would need to do something else as the banks wont run anymore, they would probably make their own coins or something which will be in their control as they would not be able to have any control on bitcoin i guess.

BitHodler

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Quote from: lOvE mE forEvEr on October 31, 2016, 10:11:32 AM

I would like to see that happen, disappearing of banks sounds great. But unfortunately that will not happen. For me its hard to predict what will banks do about and with bitcoin but for sure they have some plans. What is for some bank couple million dollars, they can came in the game when ever they wish, maybe they are in now who can tell?

How can you say that when banks disappear, that it will be great? You really don't know what you are talking about.

First of all, there is absolutely no need for Bitcoin to replace anything as both can work alongside each others without any problems.

And second, the power is within the hands of the governments. Only they have the ability/power to change something in their financial system. Bitcoin has not even a slight chance.

whizter

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Quote from: ?? on ??

Quote from: ananas99 on October 30, 2016, 02:16:34 PM

Quote from: to1ga on October 30, 2016, 01:51:02 PM

Quote from: iram3130 on October 30, 2016, 12:14:24 PM

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

Banks still my last word is not said, and had not even come to that. Believe me, bitcoin is self-sufficient, but the banking system is better-off than we think.

That is going to make banks stronger because they have been trusted by the people they are the ones that will be used by the people so if bitcoin will make bitcoins disappearance then the people will get mad at it, those people who doesn't really know what bitcoin is. But for us who loves to use bitcoin that is a tax free market.

bitcoin is really becoming stronger and stronger, and going is not going to disappear any where, we will use it for ever and will get benefit from it.

lOvE mE forEvEr

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I would like to see that happen, disappearing of banks sounds great. But unfortunately that will not happen. For me its hard to predict what will banks do about and with bitcoin but for sure they have some plans. What is for some bank couple million dollars, they can came in the game when ever they wish, maybe they are in now who can tell?

BitcoinPanther

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Quote from: ?? on ??

Quote from: ananas99 on October 30, 2016, 02:16:34 PM

Quote from: to1ga on October 30, 2016, 01:51:02 PM

Quote from: iram3130 on October 30, 2016, 12:14:24 PM

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

Banks still my last word is not said, and had not even come to that. Believe me, bitcoin is self-sufficient, but the banking system is better-off than we think.

That is going to make banks stronger because they have been trusted by the people they are the ones that will be used by the people so if bitcoin will make bitcoins disappearance then the people will get mad at it, those people who doesn't really know what bitcoin is. But for us who loves to use bitcoin that is a tax free market.

Lol if you think that you are free from tax when you buy with bitcoin, think again Cheesy

. Aside from income tax, there are several tax that are impose in services and goods. It is not the government that is taking advantage of the users or buyers, it is the merchant you pass the responsibility to us consumer. The mark-up of the goods we bought are with all the taxes and value added taxes.

mirakal

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Quote from: 8Habits on October 31, 2016, 05:15:28 AM

Quote from: icecube45 on October 31, 2016, 04:54:57 AM

Quote from: to1ga on October 30, 2016, 01:51:02 PM

Quote from: iram3130 on October 30, 2016, 12:14:24 PM

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

I do not know if all banks will accept bitcoin in the end, but in my country the bank does not want to cooperate with bitcoin for several reasons. Perhaps the bank already has its own system that will be developed and accepted by many people. I think between the bank and the bitcoin very different so it can not work together, and bitcoin could not make disappear the bank because the bank has good strength.

At this point in time, bitcoin is a good alternative for fiat money when in terms of financial transactions online and even other stuff like online gaming, trading altcoins, investing, and the like. Hence, it will not make banks disappears because it serves as a good alternative for people that want to use bitcoin.

Well, obviously we need bank to transact or buy and sell bitcoins, that means bitcoin is not independent yet. As a user of bitcoin, I have a lot of good experience with it because it can give me benefits online to earn money but at the end of the day, it still goes down to bank when I cash out.

8Habits

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Quote from: icecube45 on October 31, 2016, 04:54:57 AM

Quote from: to1ga on October 30, 2016, 01:51:02 PM

Quote from: iram3130 on October 30, 2016, 12:14:24 PM

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

I do not know if all banks will accept bitcoin in the end, but in my country the bank does not want to cooperate with bitcoin for several reasons. Perhaps the bank already has its own system that will be developed and accepted by many people. I think between the bank and the bitcoin very different so it can not work together, and bitcoin could not make disappear the bank because the bank has good strength.

At this point in time, bitcoin is a good alternative for fiat money when in terms of financial transactions online and even other stuff like online gaming, trading altcoins, investing, and the like. Hence, it will not make banks disappears because it serves as a good alternative for people that want to use bitcoin.

icecube45

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Quote from: to1ga on October 30, 2016, 01:51:02 PM

Quote from: iram3130 on October 30, 2016, 12:14:24 PM

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

I do not know if all banks will accept bitcoin in the end, but in my country the bank does not want to cooperate with bitcoin for several reasons. Perhaps the bank already has its own system that will be developed and accepted by many people. I think between the bank and the bitcoin very different so it can not work together, and bitcoin could not make disappear the bank because the bank has good strength.

Darmo Gandoel

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Banks has the trust of the costumers,people wont change soo fast their mind.Banks for some are trusted,even knowing that anytime they may bankrupt as their costumers withdraw all funds. banks will the most stay with nothing as they lended those to others. they work with others money,if all take all money out bank is gone. look at Greece financial problem that limited otherwise they would be closed.

1Referee

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Quote from: iram3130 on October 30, 2016, 12:14:24 PM

As u can see many country's banks are adopting bitcoins in their transactions

What are you talking about? Where can I see that many countries and banks, or "country banks" as in the central bank (if that's what you mean) of a given country that has adopted Bitcoin?

Quote from: iram3130 on October 30, 2016, 12:14:24 PM

and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

Once again I can't really figure out what you try to say. Either way, just to bring you back into reality, banks will never go down/vanish just because of Bitcoin (as that is the main subject here). They don't like it (perhaps even hate it), they don't need it, they are not interested in it. It's that simple.

Note; I am not sure whether or not you use Google translate, or just write your posts yourself, but at least try to put more effort into making your post understandable.

ananas99

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Quote from: to1ga on October 30, 2016, 01:51:02 PM

Quote from: iram3130 on October 30, 2016, 12:14:24 PM

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

Banks still my last word is not said, and had not even come to that. Believe me, bitcoin is self-sufficient, but the banking system is better-off than we think.

to1ga

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Activity: 336

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Quote from: iram3130 on October 30, 2016, 12:14:24 PM

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

iram3130

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As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

SidaroffVany

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Quote from: iamTom123 on October 30, 2016, 11:59:08 AM

Bitcoin can be a direct competitor for some of the services rendered by the banks and for this reason there will come a time when banks may resent the lost of many lucrative services. However, in my opinion banks will always stay because they can also evolve and then survive. For sure, Bitcoin is the new game changer of the banking industry.

Most likely in the near future we will see a large alliance of banks and bitcoin. If the natural paper money will come from the household, they are replaced by digital.

iamTom123

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Bitcoin can be a direct competitor for some of the services rendered by the banks and for this reason there will come a time when banks may resent the lost of many lucrative services. However, in my opinion banks will always stay because they can also evolve and then survive. For sure, Bitcoin is the new game changer of the banking industry.

markyminer

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Quote from: victoryboy on October 30, 2016, 04:37:26 AM

I have to say no Bitcoin can not make the banks disappear never. There is a logical explanation behind this because banks are not like super markets or shops which appears and disappears or replaced by other. Actually they are providing base to all the financial structure of complex system from issues of salaries to utility bills, from loan to investment and much more than this. They both will exist and work together in future with more collaboration.

yes that is right to say that it is not so much that bitcoin will disappear banks as bitcoin is not so much popular in the world, still majority of the people are using fiat currency therefore they are using banks for most of their activities so it is really difficult that bitcoin will disappear banks.

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