Well,the system has been established for a really long time and I think it will be really hard for Bitcoin to take over the banks and stuff but it will be possible as long as people turn into Bitocin and see it as a powerful means for money exchange and know what it is all about.
That's why we need more campaigns so that we can grow the number of people who are into BTC really.
Topic: Can Bitcoin make Banks disappear? - page 198. (Read 427614 times)
Banks have been there since ages and they have their own degree of limitations and Bitcoins have its own.
So whatever happens, banks won't disappear at any cost because we will still need them.
Yes banks are not going anywhere, but they certainly will be operating from another point of view and this time, from mostly the point of view of peer 2 peer payment settlement. Those banks with mundane ideas set in stone, would have either to update and innovate or simply go under. Bitcoin indeed is an eye opener!So whatever happens, banks won't disappear at any cost because we will still need them.
Banks have been there since ages and they have their own degree of limitations and Bitcoins have its own.
So whatever happens, banks won't disappear at any cost because we will still need them.
Yes banks are not going anywhere, but they certainly will be operating from another point of view and this time, from mostly the point of view of peer 2 peer payment settlement. Those banks with mundane ideas set in stone, would have either to update and innovate or simply go under. Bitcoin indeed is an eye opener! So whatever happens, banks won't disappear at any cost because we will still need them.
I think one day in the future anything can be possible and certainly it is possible that bitcoin and blockchain technology can take over banking one day wince its simply better but the thing is the banks will fight as hard and as dirty as they can torevent that from happening and keep their precious profits.
there are opinions about bitcoin could be a better option than just using fiat money that impact to banks of course, in order to stay still banks might adopt blockchain technology, maybe not in anytime soon but about 5-10 years later when bitcoin growth rapidly all over the world and using mainstream by people as accepted payment.
It will only make it disappear when there will be a lot of people that is going to use Bitcoin otherwise it will be not possible for them and that will takes indeed a long time.
So you have to know that there will be a lot of people must promote Bitcoin to disappear the bank which is i think impossible.
So you have to know that there will be a lot of people must promote Bitcoin to disappear the bank which is i think impossible.
I think one day in the future anything can be possible and certainly it is possible that bitcoin and blockchain technology can take over banking one day wince its simply better but the thing is the banks will fight as hard and as dirty as they can torevent that from happening and keep their precious profits.
No bitcoin has limitations at the products that banks does provide as loan, with aa long repayment period, something that with bitcoin no one will risk to do loans for over 30 days. The fluctuation at bitcoin doesnt allow to borrow bitcoins for a long period, and the service that banks provides bitcoin cant offer without a small risk, bitcoin gets value over time but no one knows if it will stop.
The bitcoin is the same currency as the fiat. So the banks can borrow and lend out the bitcoin in the same way as fiat.
No bitcoin has limitations at the products that banks does provide as loan, with aa long repayment period, something that with bitcoin no one will risk to do loans for over 30 days. The fluctuation at bitcoin doesnt allow to borrow bitcoins for a long period, and the service that banks provides bitcoin cant offer without a small risk, bitcoin gets value over time but no one knows if it will stop.
Bitcoin can never be destroyed no matter what effort is been made to bring it down.
That's not the thing here. This is about making banks disappeared with the use of Bitcoins only and not about destroying bitcoins.
But yes, Bitcoins will never disappear no matter whatever ways governments take if they will ever try to ban it, but Bitcoins can't make banks disappear.
Bitcoin can never be destroyed no matter what effort is been made to bring it down.
Nope this won't gonna happen because bitcoin and bank are not related to each other. Bitcoin server purpose of transaction without fees I mean less fees and bank charges heavy transaction fees but generally we use bank to store our money because it centralised and problem with decentralized is that if system get hacked then no one will come to give back my money.
Exactly, you cannot make this two different things work together. Bitcoin and banks has a lot of uniqueness that if we will consolidate the two ti will create a lot of problem. Bitcoin is operated by the interest of the people while bitcoin is operated and controlled by the government. That alone cannot be consolidated as the government would always want us to comply.
No. But I am sure people will have some questions after they knew or experience what bitcoin is.
Let us try some examples.
Put 1 million USD in a bank. Wait for a year. Did you at least double your money after the long wait? NO!!!!
They just give you a little percentage of what they profited from the investment. What is more scary? In that span of a year anything could happen? What if that bank suddenly got broke and closes down?
In bitcoin, there is this $300 price from just months away in the past and now it is doubled. Those who have worked it out to make some more bitcoin with trading, faucets or some services not just doubled their money but also tripled it. Aint that cooler than just waiting for the bank to rob you?
Be a manager yourself here. STOP being lazy and move your ass. Banks are for lazy people who want their money to grow even if they almost die waiting.
Let us try some examples.
Put 1 million USD in a bank. Wait for a year. Did you at least double your money after the long wait? NO!!!!
They just give you a little percentage of what they profited from the investment. What is more scary? In that span of a year anything could happen? What if that bank suddenly got broke and closes down?
In bitcoin, there is this $300 price from just months away in the past and now it is doubled. Those who have worked it out to make some more bitcoin with trading, faucets or some services not just doubled their money but also tripled it. Aint that cooler than just waiting for the bank to rob you?
Be a manager yourself here. STOP being lazy and move your ass. Banks are for lazy people who want their money to grow even if they almost die waiting.
Nope this won't gonna happen because bitcoin and bank are not related to each other. Bitcoin server purpose of transaction without fees I mean less fees and bank charges heavy transaction fees but generally we use bank to store our money because it centralised and problem with decentralized is that if system get hacked then no one will come to give back my money.
Banks will change or go under but they won't go away. They will always find some service, or product to provide that someone else will want to buy.
thats right mate whatever happen banks will find its way to still exist. That's true , we can't live without those banks because they are the ones who are helping and regulating the usage and flow of the money in a country. And I don't think the countries people won't allow this to happen since bitcoin is still new to their ears. They will trust more banks rather than trusting bitcoin as they are still lack of knowledge about it.
Banks will change or go under but they won't go away. They will always find some service, or product to provide that someone else will want to buy.
thats right mate whatever happen banks will find its way to still exist. That's true , we can't live without those banks because they are the ones who are helping and regulating the usage and flow of the money in a country. And I don't think the countries people won't allow this to happen since bitcoin is still new to their ears. They will trust more banks rather than trusting bitcoin as they are still lack of knowledge about it.
Banks will change or go under but they won't go away. They will always find some service, or product to provide that someone else will want to buy.
thats right mate whatever happen banks will find its way to still exist. Shadow banking represent more than 18% of bank market now ... so, yes ... banks WILL be erased from the market by a better (and cheaper) industry.
lukely, we have build this industry.
Only if the government will allow that to happen. No question that bitcoin is a better way to do banking as we do not need the bank to transact.. We can transact anytime and the government will not know our finances, so this is s complete freedom for us.. We have to fight for it but our chance of winning is low. lukely, we have build this industry.
Shadow banking represent more than 18% of bank market now ... so, yes ... banks WILL be erased from the market by a better (and cheaper) industry.
lukely, we have build this industry.
lukely, we have build this industry.
That's only the words of extremist of bitcoins fans and field IMO, I think it's still too early for bitcoin to actually replace fiat or change the financial system. Bitcoin can be a great currency on the online field and for conducting transactions throughout the world.
The argument is that bitcoin would make the bank to disappear literally, because it is a revolution in the way we are going to be seeing and using money going forward. Those banks that chooses to hold on to their "stone age master-piece," well they will be left behind and those innovative ones will be the banks of the future, as simple as that, life is dynamic! That's only the words of extremist of bitcoins fans and field IMO, I think it's still too early for bitcoin to actually replace fiat or change the financial system. Bitcoin can be a great currency on the online field and for conducting transactions throughout the world.
Bitcoin wont replace anything, bitcoin its just the future where we will be doing everything online, besides some things we cant do, the financial system is taking a lesson that is possible to moove milions for a small cost, not the high fees they do charge, we are making those companies and banks rich with the fees, they need to readjust to the world low cost fees that bitcoin is providing already. Jump to: