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.
Topic: Can Bitcoin make Banks disappear? - page 199. (Read 427614 times)
Well, many people, have cash that they need. Some people do not even know what Bitcoins. Anda lot of businesses need the credit or lending from the bank, without bank a lot of businesses would not exist. Sad but true, most of the people in almost every country is still dependent on fiat, and they know what to do with it and how to run it, but bitcoins, they may know this, but still they are more interested in fiat, so they need the bank. This has always been the way. The traditional ways of living are hard to change, people tend to stick to those familiar ways and not be willing to change it unless something beneficial comes along that makes it easy to switch. But bitcoin is not at that stage yet.
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.
you are right. although currently bitcoin emerging technology, I think the bank will not miss about that, and we can not argue that the bank was ahead of bitcoin. Well, the bank has earned the trust of the whole world, so I think it would be very difficult to make bank disappear. So whatever happens, banks won't disappear at any cost because we will still need them.
I don't think so because Bitcoin will not be in this position to make banks disappear. Bitcoin has survived and will grow more as parallel online payment procedure or digital currency but can not reach to be equivalent to banks at global level. Banks are necessary for backward countries and common people to their day to day transactions.
Even if those backward countries or common people start or learn using bitcoins or any digital currencies but banks would still not disappear because they are the sources of economy of a country which is controlled by a government and bitcoin is not something that can be in control of a country as it is an anonymous coin used for other purposes but not to be used as a national currency of a country.
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.
But apparently the age of something doesn't determine if it will stay longer or not. Everything can be replaced by a brand new idea. Those people that were in the barter system might thought that their payment method will never be replaced ever just like how you think fiat and the banking system will never disappear. But look at us now, the barter system has been replaced by fiat and fiat will eventually be replaced by a digital currency.So whatever happens, banks won't disappear at any cost because we will still need them.
presently more than 95% of people are using bitcoin therefore it is not right to say that banks can disappear banks, although now people has started using bitcoin instead of fiat but not as on permanent bases, as still most of the daily uses stuff are not availing for buying in bitcoins.
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.
But apparently the age of something doesn't determine if it will stay longer or not. Everything can be replaced by a brand new idea. Those people that were in the barter system might thought that their payment method will never be replaced ever just like how you think fiat and the banking system will never disappear. But look at us now, the barter system has been replaced by fiat and fiat will eventually be replaced by a digital currency. 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.
So whatever happens, banks won't disappear at any cost because we will still need them.
That will not happen. But I think that will not happen so fast. That is not so good for the people.
I think that more people will use also normal banks. And they dont know how to use Bitcoin.
I think that more people will use also normal banks. And they dont know how to use Bitcoin.
Even I am thinking the same, bank will not disappear. may be bank will accepts bitcoin as a one of mode of payment.
I don't think so because Bitcoin will not be in this position to make banks disappear. Bitcoin has survived and will grow more as parallel online payment procedure or digital currency but can not reach to be equivalent to banks at global level. Banks are necessary for backward countries and common people to their day to day transactions.
Maybe but not in the near future because banks deal in fiat currencies mostly and digital currencies don't seem to replace fiat currencies altogether in the near future so banks are there to stay
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. The banks will adapt to the new environment. The banks has been changing since from 1000 years ago.
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.
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.
I think it would not be possible, the same as the impossibility for bitcoin to be able to shift fiat, as long as there fiat bank will continue to exist
Yeah, the existance of both are very important in the sense that it will be very difficult for someone to use bitcoin without the assistance of the banks, at the same time,the bitcoin make financial transaction easier for you with the outside world. Hence, both of them are needed. I do not think there is going to be a complete replacement. Bitcoin can make new banks stronger. If a bank integrates bitcoin in its payment system and provides bitcoin related service, this bank will be very popular.
I doubt any of the banks will integrate or accept bitcoin deposit/withdraw soon they may adopt blockchain tech behind bitcoin like few banks have already started research on this but they feel bitcoin and decentralized payment method as their stronger competitor.
If the bitcoin is able to reach the banks i dont think that the banks will disappear because i think that the banks will manage the bitcoin so they can manage your mo
ney and your bitcoins i dont think that is a really good idea dont you think so.
ney and your bitcoins i dont think that is a really good idea dont you think so.
I dont think that the bitcoin is able to do that becuase i know that the bitcoin is not doing that becuase peopel love to see the bitcoin as a apart kind of things and dont want to
involve the bank by this kind of things.
involve the bank by this kind of things.
bitcoins can do allot of things but do you really think that the bitcoin can make banks dissappear i dont think that is going to happen you know so many peopel are thinking
this kind of things and that is nog straight.
this kind of things and that is nog straight.
Bitcoins can do allot you know but make banks disappear i dont think that they can do that because the bank will deal with the bitcoin him self if he wants to disappear you know so banks are getting
bitcoins and money.
bitcoins and money.
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