Can Bitcoin make Banks disappear? - page 200.

Labumi

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Quote from: Bawah Perut on October 24, 2016, 08:45:59 AM

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.

Hmm,. I think it would probably be a good thing. But if in the other hand it will give a bad thing, because I see that all the banks definitely need to be able to build a system of profits and also to pay some of the Bills that should be their responsibility. so if banks accept bitcoin then every thing we do in the bitcoin will definitely be subject to Fee

Hallseplex

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Bitcoins cant make banks dissappear because i know for sure that in the future when the bitcoin is growing such fast i think that the bitcoin will be atleast alot more worth
than he is right now you know.

Bawah Perut

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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.

dunfida

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Quote from: vasrasus on October 24, 2016, 08:17:55 AM

Quote from: Jeraerid on October 24, 2016, 08:04:39 AM

But banks can now also be accessed online, and I think almost the same as digital. Banks I am sure will have plenty of ways to stay afloat and I'm sure it would get help from the government. That's why banks are very difficult to disappear.

Banks already adpated butcoins and other crytocurrency and offers an exchanged for fiat. Banks will never disappear but it is better to called ut as innovation. I think fiat days will be starting to take over by crypto currency and sooner it will fully control the market

Your assumptions would not happen hence government wouldnt allow this because as we all know bitcoin cant be controlled by anyone and merging of banks and bitcoins/cryptos would be no have sense at all. No matter how cryptos would boom up but still banks would remain strong .

vasrasus

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Quote from: Jeraerid on October 24, 2016, 08:04:39 AM

But banks can now also be accessed online, and I think almost the same as digital. Banks I am sure will have plenty of ways to stay afloat and I'm sure it would get help from the government. That's why banks are very difficult to disappear.

Banks already adpated butcoins and other crytocurrency and offers an exchanged for fiat. Banks will never disappear but it is better to called ut as innovation. I think fiat days will be starting to take over by crypto currency and sooner it will fully control the market

Blitzcranky

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i think bank will not be disapear, i believe someday bitcoin will be replace the fiat but bank will be exist, as we know that some bank and other economic organization are interested on technlogy behind the bitcoin of course the blockchain, maybe they will build their own cryptocurency, but to adopted bitcoin officially i think it's imposible due to their principal against bitcoin

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Quote from: Jeraerid on October 24, 2016, 08:04:39 AM

But banks can now also be accessed online, and I think almost the same as digital. Banks I am sure will have plenty of ways to stay afloat and I'm sure it would get help from the government. That's why banks are very difficult to disappear.

Banks are way better but smart investors does not trust banks that is why they are here and they are making bitcoin successful.
The big difference is that bitcoin is decentralized and we are confident our currency and investment at the same time is at safe hands, we are lucky we found bitcoin now as this will make a big difference in the future.

Jeraerid

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But banks can now also be accessed online, and I think almost the same as digital. Banks I am sure will have plenty of ways to stay afloat and I'm sure it would get help from the government. That's why banks are very difficult to disappear.

Zaelle

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bitcoin has a possible to hack and bitcoin value is not stable so its impossible that the banks will be disappear because of bitcoin... do you think guys if you forgot the password or you accidentally deleted your password in your laptop you can recover your account for me no so banks and atm's is always safe than bitcoin.

Vaclya

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Banks will always be needed, even if their not needed they will make sure there is something new that we need them for. they wont just close their doors and move along because some decentralized bitcoin comes along.

pinoycash

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Quote from: Doamader on October 23, 2016, 11:53:31 AM

Thats true neither bitcoin neither banks are a problem, both has their costumers and people do need banks for daily needs, while bitcoin is more an extra feature to be used.

But thinking hat bitcoin will going to replace banks in the scene is very impossible. And I think banks are playing an important role in a society they are not going to be replaced easily even though people is not using them often. But for me, both must be balance and keep on using by the people so that it will remain in the economy.

A bank that only deals with bitcoins is much probable scenario in the future. but since we can basically hold our bitcoins in our own wallet and manage it from there.. banks will become obsolete in the future.

dragonusa9

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Quote from: MyIdeas on October 23, 2016, 12:38:56 PM

Quote from: virasog on October 22, 2016, 04:06:14 AM

Quote from: stadus on October 22, 2016, 01:05:40 AM

Quote from: rozee on October 22, 2016, 12:10:36 AM

I dont think if bitcoin will make banjs disappear
because not all people can use it especially old peoples who's cant use internet
and lots of country not allow bitcoin to operate on their country

Banks will always be stable and they are here to give us on safekeeping our money, in bitcoin there is not safe keeping at all as the act of putting your money in bitcoin is considerably called already as investment, and all forms of investing has risk so with that statement we need both bank and bitcoin to have a wonderful life.

Actually, many people are not understand about this point as you explain, and i am agree with you, bank always do their work for safe our money, and give us benefits about saving. And about bitcoin, bitcoin is like a investment, we can use it in different ways and make money.
And one thing is always clear that bank can't disappear to bitcoin, and bitcoin can't disappear to bank.

But the issue is that there are some people who put their money in banks because the want to earn profit and so they now have found another place which is bitcoin which pay a much higher profit to the holders of bitcoin so banks will remain empty.

i dont know any profit like higher profit on bitcoin sir, except the price rising at the moment and the anony.
price can falling too, but banks will give you profit whenever thing happened as long you keep your money on the bank

MyIdeas

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Quote from: virasog on October 22, 2016, 04:06:14 AM

Quote from: stadus on October 22, 2016, 01:05:40 AM

Quote from: rozee on October 22, 2016, 12:10:36 AM

I dont think if bitcoin will make banjs disappear
because not all people can use it especially old peoples who's cant use internet
and lots of country not allow bitcoin to operate on their country

Banks will always be stable and they are here to give us on safekeeping our money, in bitcoin there is not safe keeping at all as the act of putting your money in bitcoin is considerably called already as investment, and all forms of investing has risk so with that statement we need both bank and bitcoin to have a wonderful life.

Actually, many people are not understand about this point as you explain, and i am agree with you, bank always do their work for safe our money, and give us benefits about saving. And about bitcoin, bitcoin is like a investment, we can use it in different ways and make money.
And one thing is always clear that bank can't disappear to bitcoin, and bitcoin can't disappear to bank.

But the issue is that there are some people who put their money in banks because the want to earn profit and so they now have found another place which is bitcoin which pay a much higher profit to the holders of bitcoin so banks will remain empty.

richardsNY

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Quote from: abonarea on October 23, 2016, 11:16:51 AM

Current financial system run by bankers already facing serious threat but Bitcoin has nothing to do in this regard. Bitcoin just opened a new door for banks by introducing blockchain technology. Banks has no direct threat from Bitcoin because of its design and limited supply. Bitcoin will keep its independent identity till new digital currency era starts. Where bitcoin will keep important position to deal with.

Believe me, banks do fear Bitcoin as it has the potential to complete put banks offside if people all work together and start shifting to Bitcoin. This however is something that will most likely never happen as the majority of the people (average joe) will keep using banks for as long as possible. Another thing is that the current supply of Bitcoin isn't an issue at all since you can split 1 BTC into 100,000,000 Satoshi's. You can even choose to change your wallet settings to show your coin balance in mBTC or uBTC.

1 BTC = 1000 mBTC.
1 BTC = 1,000,000 uBTC.
1 mBTC = 0.001 BTC.
1 uBTC = 0.000001 BTC.

Doamader

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Thats true neither bitcoin neither banks are a problem, both has their costumers and people do need banks for daily needs, while bitcoin is more an extra feature to be used.

abonarea

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Current financial system run by bankers already facing serious threat but Bitcoin has nothing to do in this regard. Bitcoin just opened a new door for banks by introducing blockchain technology. Banks has no direct threat from Bitcoin because of its design and limited supply. Bitcoin will keep its independent identity till new digital currency era starts. Where bitcoin will keep important position to deal with.

South Park

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Quote from: South Park on October 22, 2016, 12:48:18 PM

Quote from: rababo on October 21, 2016, 10:35:20 AM

No, I don't think it can. Bank has a lot of uses in compare to bitcoin. And banks has very different system than bitcoin.
People have more believe in banking system than bitcoin and there are many people who are still not aware about bitcoin.

Bitcoin has a lot more uses than any bank, just the blockchain technology is so revolutionary that is going to change a lot of things. Right now the only problem with bitcoin is adoption.

You are right with it, bitcoin needs more mass adoption but the fact that even though bitcoin has a lot of users already. Many are not going to agree if we are going to make the total phase out of banks. And the government is going to make a lot of complain if their people is not going to use any bank service because of bitcoin, because banks are taxable and bitcoin is not.

Governments and banks for the most time don’t complain since they have control of the money and the laws, so they can make bitcoin illegal although I think that will make bitcoin even more valuable, for example look at the war on drugs, illegal drugs are that expensive because they are illegal.

bamboylee

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Quote from: South Park on October 22, 2016, 12:48:18 PM

Quote from: rababo on October 21, 2016, 10:35:20 AM

No, I don't think it can. Bank has a lot of uses in compare to bitcoin. And banks has very different system than bitcoin.
People have more believe in banking system than bitcoin and there are many people who are still not aware about bitcoin.

Bitcoin has a lot more uses than any bank, just the blockchain technology is so revolutionary that is going to change a lot of things. Right now the only problem with bitcoin is adoption.

You are right with it, bitcoin needs more mass adoption but the fact that even though bitcoin has a lot of users already. Many are not going to agree if we are going to make the total phase out of banks. And the government is going to make a lot of complain if their people is not going to use any bank service because of bitcoin, because banks are taxable and bitcoin is not.

The government does not have to complain, they just have to ban bitcoin in their country if they want it. That is why banks will not disappear, the government will back and protect them against any threat.

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Quote from: MTBTT on October 22, 2016, 05:46:48 PM

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

the bitcoin value is based on fiat, so bitcoin must come with a bank so far, unless the commodities are backable to bitcoin.

MTBTT

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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

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