Topic: Can Bitcoin make Banks disappear? - page 213. (Read 427614 times)
Banking Industry will not disapear. They will adapt to new technology, even cryptocurrencies. When all people use cryptocurrency , of course the bankers will put a lot of investment in cryptocurrencies so the technology of banking will follow the developpment of cryptocurrency.
Bitcoin can't make the banks disappear. This could never happen as long as the current worlds' financial system is set up as now. Banks are creating and moving the world economy and Bitcoin can't change that. But banks can accept the Bitcoins and accept blockchain technology and then with time situation can slowly change.
It will never be happen since bitcoin still need those banks to exchange or deposit money.. bitcoin is still just an alternative payment processor online because of bitcoin has a value.. That's the point, as we will need fiat for sure in order to get the value we expect for bitcoins...
That's what most people are here for, and it is profit, the only difference is, I admit and they don't...
i do not think so that bank can every disappear banks but i think banks will even do work with bitcoin in cooperation.
Bitcoin can't make the banks disappear. This could never happen as long as the current worlds' financial system is set up as now. Banks are creating and moving the world economy and Bitcoin can't change that. But banks can accept the Bitcoins and accept blockchain technology and then with time situation can slowly change.
It will never be happen since bitcoin still need those banks to exchange or deposit money.. bitcoin is still just an alternative payment processor online because of bitcoin has a value.. That's the point, as we will need fiat for sure in order to get the value we expect for bitcoins...
That's what most people are here for, and it is profit, the only difference is, I admit and they don't...
I think it's impossible. There are still people who wants real cash in the palm of their hands. 
But still a good idea to replace banks with bitcoins and make all transaction virtually. 
Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin. But still a good idea to replace banks with bitcoins and make all transaction virtually. Bitcoin can't make the banks disappear. This could never happen as long as the current worlds' financial system is set up as now. Banks are creating and moving the world economy and Bitcoin can't change that. But banks can accept the Bitcoins and accept blockchain technology and then with time situation can slowly change.
It will never be happen since bitcoin still need those banks to exchange or deposit money.. bitcoin is still just an alternative payment processor online because of bitcoin has a value.. Bitcoin can't make the banks disappear. This could never happen as long as the current worlds' financial system is set up as now. Banks are creating and moving the world economy and Bitcoin can't change that. But banks can accept the Bitcoins and accept blockchain technology and then with time situation can slowly change.
This is effectively what I have been saying for the entire time I've been here, and I personally think that we're looking at an extremely divisive future in the event Bitcoin becomes popularized. Banks will want to keep fiat money as long as they can while trying to incorporate Bitcoin, and Bitcoin would seriously diminish a bank's profits. Bitcoin can't make the banks disappear. This could never happen as long as the current worlds' financial system is set up as now. Banks are creating and moving the world economy and Bitcoin can't change that. But banks can accept the Bitcoins and accept blockchain technology and then with time situation can slowly change.
Banks will never adopt/accept Bitcoin as it goes against all their values. The blockchain however is a more than interesting piece of technology for banks and other institutes. But then again, it will be private chains and not the blockchain from Bitcoin.
Bitcoin can't make the banks disappear. This could never happen as long as the current worlds' financial system is set up as now. Banks are creating and moving the world economy and Bitcoin can't change that. But banks can accept the Bitcoins and accept blockchain technology and then with time situation can slowly change.
Very poor reduction in banks disappear and bitcoin will take their place. This is not true. Banks will always have its place in the global economy.
yes it can make banks disapper but it is not made for the compition it is made as an improved version of money system because bank system is the only chooise for us before bitcoin
I don't think so bitcoin can disappear banks because banks are dealing with the local currency that is accepted in the country, and it will happens then definitely banks start dealing with bitcoins. By the way it will gonna happen.
i think btc cannot make banks disappear, because banks are so strong that it is not possible in present time to disappear banks, because bitcoin still need so many hard world to become so popular that people start using bitcoin instead of fiat currency.
I doubt that banks will ever disappear. There always will be people who need money and people who need to keep their money in some protected place as Swiss banks. But today paper money are going in past and even cards may disappear. So I think banks just will find out how to work in this new terms and will continue their activity on some other level.
That is what is good with this banks. They can offer a loan instantly or even cash from your own credit card. Sure people are being fooled by this things now. But it is getting lesser as time goes by. People are getting wise when it comes to money and they are seeking options with a low percentage when it comes to loaning.
yes it can make banks disapper but it is not made for the compition it is made as an improved version of money system because bank system is the only chooise for us before bitcoin
I doubt that banks will ever disappear. There always will be people who need money and people who need to keep their money in some protected place as Swiss banks. But today paper money are going in past and even cards may disappear. So I think banks just will find out how to work in this new terms and will continue their activity on some other level.
I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.
Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin. But still a good idea to replace banks with bitcoins and make all transaction virtually. It is really that the banks are going to make disappear because of bitcoins. Because the government is going to choose banks rather than bitcoin, because they can control and manipulate the flow of money with banks unlike in bitcoins that is going to be hard for them to control it for it is a decentralized currency.
The major factor is that banks have support from the Government and that makes it even more stronger and bitcoin involves very few users at a moment and bitcoin and banks cannot be compared as bitcoin is too small in compare to banks.
I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.
Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin. But still a good idea to replace banks with bitcoins and make all transaction virtually. It is really that the banks are going to make disappear because of bitcoins. Because the government is going to choose banks rather than bitcoin, because they can control and manipulate the flow of money with banks unlike in bitcoins that is going to be hard for them to control it for it is a decentralized currency.
The major factor is that banks have support from the Government and that makes it even more stronger and bitcoin involves very few users at a moment and bitcoin and banks cannot be compared as bitcoin is too small in compare to banks.
I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.
Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin. But still a good idea to replace banks with bitcoins and make all transaction virtually. 
I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.
Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin. But still a good idea to replace banks with bitcoins and make all transaction virtually. I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.
Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin. But still a good idea to replace banks with bitcoins and make all transaction virtually. Jump to: