Can Bitcoin make Banks disappear? - page 204.

arcanaaerobics

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Quote from: Shiroslullaby on October 19, 2016, 10:02:51 PM

No.
Sorry to sound like some Illuminati conspiracy nutjob,
but you are crazy if you think the people that actually control the world would let Bitcoin make a dent in the financial system.

Ask Muammar Gaddafi what happened the last time a world leader tried to stand up to the established banking system.
(You can't because we bombed his country into the dirt, killed him and dragged his body through the street...)
http://www.finalcall.com/artman/publish/World_News_3/article_7886.shtml

Bitcoin have 10 billion marketcap, some banks have it in the safe box Roll Eyes

More easily to banks make bitcoin disappear than any other thing, btw banks will start to use the blockchain soon, hope it can bring more attention to bitcoin and raise the price...

Shiroslullaby

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No.
Sorry to sound like some Illuminati conspiracy nutjob,
but you are crazy if you think the people that actually control the world would let Bitcoin make a dent in the financial system.

Ask Muammar Gaddafi what happened the last time a world leader tried to stand up to the established banking system.
(You can't because we bombed his country into the dirt, killed him and dragged his body through the street...)
http://www.finalcall.com/artman/publish/World_News_3/article_7886.shtml

croutonhexagon

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No, both have importance in our financial life and we need both the system. Banks are meant for traditional paper currency and bitcoin us for all digital purpose. And bitcoin and bank have connection that bitcoin could make banks disappear. But after few decades banks could adopt bitcoin system for transaction and processing of money transfer. Then the banking system would become much secure.

milewilda

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Quote from: diodio5 on October 19, 2016, 06:53:27 PM

Quote from: drwtsn32 on October 18, 2016, 03:33:53 AM

We don't really need to feel anxious about it because bitcoin and banks will get well together other than make each other collapse. You know. Both of them are important things and do different things.

true what you say that bitcoin and the bank are two different things, both of them will not be able to overthrow each other and I think even the two could work together, it can only happen if the government is willing to accept bitcoin?

Exactly those both are going to be good and important things and there is no reason that bitcoin are going to make banks disappear and the banks are going to make bitcoins disappear. Even though there is a threat for both parties. But if we are going to see it as a good partnership, that two is going to be a very good type of business partners.

Partnership on bitcoin and banks would be an impossible thing for sure because government would tend to control bitcoin but as we all know bitcoin cant be controlled by anyone thats why government would not agree on this because they have no control and they dont want a thing that cant be controlled.

goinmerry

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We should not pushed this idea or it might go the other way and bitcoin will be the one who will be banished by banks or ban them in their industry. There are just number of banks in one country, they can easily talk about it and maybe come to a decision to take it off from them. Other banks are already offering exchanges and they can close it easily which will affect some user

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Quote from: diazepam666 on October 19, 2016, 04:22:20 PM

Quote from: socks435 on October 19, 2016, 01:41:18 PM

Quote from: Hoor on October 19, 2016, 01:33:33 PM

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

It should not disappear because we need banks for bitcoin to exchange and banks are still more safe area to save our money unlike bitcoin that you are saving your money in online that you dont know it will stay long or not.. so bitcoin will be still stay and we need this banks for loans and savings..

But I think if bitcoin gets widely used and accepted in future then we don't need banks anymore as we can buy anything directly using bitcoin without converting to fiat, and it will reduce the customers of banks for sure.

Until there are an atm for withdrawal bitcoin into the fiat directly without using the bank service for this that's will happen, the bank will disappear in the future. but the bitcoin is already giving threaten to the bank according in some countries bitcoin are get a ban caused by the central bank are worried if bitcoin will spreading and making a lot of the bank service will bankrupt.

diodio5

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Quote from: drwtsn32 on October 18, 2016, 03:33:53 AM

We don't really need to feel anxious about it because bitcoin and banks will get well together other than make each other collapse. You know. Both of them are important things and do different things.

true what you say that bitcoin and the bank are two different things, both of them will not be able to overthrow each other and I think even the two could work together, it can only happen if the government is willing to accept bitcoin?

jerowacik

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Quote from: Hoor on October 19, 2016, 01:33:33 PM

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

it is an interesting collaboration. maybe even someday Bitcoin can be stored in a conventional BANK. it is one thing that must be realized. BANK's financial system and bitcoin will increase.

Doamader

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Quote from: diazepam666 on October 19, 2016, 04:22:20 PM

Quote from: socks435 on October 19, 2016, 01:41:18 PM

Quote from: Hoor on October 19, 2016, 01:33:33 PM

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

It should not disappear because we need banks for bitcoin to exchange and banks are still more safe area to save our money unlike bitcoin that you are saving your money in online that you dont know it will stay long or not.. so bitcoin will be still stay and we need this banks for loans and savings..

But I think if bitcoin gets widely used and accepted in future then we don't need banks anymore as we can buy anything directly using bitcoin without converting to fiat, and it will reduce the customers of banks for sure.

Bitcoin can handle several transactions online, but in the end banks does provide some service that bitcoin wont be able to provide loans are the only thing that will keep banks being the only companies that does controls fiat. And there are several people that wont join crypto world doesnt matter how good it might be they wont join neither use.

diazepam666

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Quote from: socks435 on October 19, 2016, 01:41:18 PM

Quote from: Hoor on October 19, 2016, 01:33:33 PM

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

It should not disappear because we need banks for bitcoin to exchange and banks are still more safe area to save our money unlike bitcoin that you are saving your money in online that you dont know it will stay long or not.. so bitcoin will be still stay and we need this banks for loans and savings..

But I think if bitcoin gets widely used and accepted in future then we don't need banks anymore as we can buy anything directly using bitcoin without converting to fiat, and it will reduce the customers of banks for sure.

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Quote from: Hoor on October 19, 2016, 01:33:33 PM

i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

It should not disappear because we need banks for bitcoin to exchange and banks are still more safe area to save our money unlike bitcoin that you are saving your money in online that you dont know it will stay long or not.. so bitcoin will be still stay and we need this banks for loans and savings..

richardsNY

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Quote from: croutonhexagon on October 18, 2016, 06:43:26 AM

No bitcoin can't make bank disappear because both are different thing and our old guys will never use bitcoin because they will think bitcoin something else. And due to generation gap they will not accept bitcoin.

I tend to agree with you, but old people don't trust banks and are saving everything as cash money in their house. Bitcoin can offer them the perfect store of value tool where they have nothing to do with banks and governments. Not that these people will trust Bitcoin at first, or see an added value to it, but eventually they might change their mind as storing cash money at home is very dangerous.

Hoor

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i do not think so that bank can disappear by bitcoin , hope that they will work in cooperation with each other, and bank will accept bitocin for deposit and withdraw.

South Park

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Quote from: drwtsn32 on October 18, 2016, 03:33:53 AM

We don't really need to feel anxious about it because bitcoin and banks will get well together other than make each other collapse. You know. Both of them are important things and do different things.

If banks and bitcoin perform different functions according to you then why should they fuse and become one. Banks and bitcoin are rivals and they will always be, but right now bitcoin or anything for that matter has the strength to make banks disappear.

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Quote from: BitcoinPC on October 19, 2016, 08:13:24 AM

Quote from: drwtsn32 on October 18, 2016, 03:33:53 AM

We don't really need to feel anxious about it because bitcoin and banks will get well together other than make each other collapse. You know. Both of them are important things and do different things.

Now a days, bitcoin and bank both have a different paths, but in future, i am sure the day will come when both will be a work in a one path, So i don't think that bitcoin can disappear the bank. Now a days, bitcoin is a small thing in front of bank. So it is impossible think.

Banks will never support bitcoins in future and I don't think they will start working together as bitcoin is threat to an banking system, in future many people will start using bitcoin but banks will never disappear.

Alauria

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bitcoin is getting big but can they make banks disappear i dont think they can becuase the banks will always hold their value because everyone needs to
use banks in their life everything goes trough banks.

BitcoinPC

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Quote from: drwtsn32 on October 18, 2016, 03:33:53 AM

We don't really need to feel anxious about it because bitcoin and banks will get well together other than make each other collapse. You know. Both of them are important things and do different things.

Now a days, bitcoin and bank both have a different paths, but in future, i am sure the day will come when both will be a work in a one path, So i don't think that bitcoin can disappear the bank. Now a days, bitcoin is a small thing in front of bank. So it is impossible think.

South Park

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Quote from: kidoseagle0312 on October 16, 2016, 07:08:57 AM

Bitcoin does not any intention to make banks disappear that's I thought. actually bitcoin can be a good tandem in the bank or in any banks, if they will only see the edge of bitcoin.

I disagree completely with this bitcoin is an enemy of the banks because it allows you to be your own bank, and banks don’t like none of it, after all, why will they like competition?

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Quote from: croutonhexagon on October 18, 2016, 06:43:26 AM

No bitcoin can't make bank disappear because both are different thing and our old guys will never use bitcoin because they will think bitcoin something else. And due to generation gap they will not accept bitcoin.

Not everyone use bitcoin, may be they are do not anything about bitcoins
but I am sure bitcoin is enough safe than the bank.

Fatanut

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Quote from: croutonhexagon on October 18, 2016, 06:43:26 AM

No bitcoin can't make bank disappear because both are different thing and our old guys will never use bitcoin because they will think bitcoin something else. And due to generation gap they will not accept bitcoin.

But humans actually have the ability to adapt the change in society. Back then, if you give somebody a computer and say that use that to earn money, he'll refuse. But today, if you give somebody a computer and told the same thing, he'll be happy to do so.

Those people that are very old might not accept Bitcoins, but we will come to a point were all those people are already dead. At that time, the people that are "young enough to understand" when Bitcoins took over are the "older" ones and the next generations will be using Bitcoin as well because that's one of the primary currencies when they were born.

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