Can Bitcoin make Banks disappear? - page 214.

South Park

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Quote from: jonsmith on October 06, 2016, 10:00:47 PM

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. Cheesy

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.

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Quote from: Windpower on October 06, 2016, 09:59:37 PM

Quote from: co5hike on October 05, 2016, 05:11:09 PM

Bitcoin disappearing banks will never happen in future as banks are too big and strongest financial institution that we have and which holds support from the Government and the people.

Yeah I really doubt that Bitcoin will catch on to everyone in the world. This means that banks will never disappear. And if they ever do, it won't be because of Bitcoin.

Yes I agree that bitcoin will never make banks disappear because banks have more usage than bitcoin has. Bank can be used as storage of physical goods that cannot be done by bitcoin. Even if Bitcoin become the main currency bank is here to stay forever as long as people has a needs for secure physical storage of their important stuff.

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Quote from: AlexBits on October 06, 2016, 10:45:38 PM

Quote from: bamboylee on October 06, 2016, 10:11:30 PM

Quote from: Adaleon on October 06, 2016, 09:52:56 PM

Quote from: fravia on October 05, 2016, 07:26:56 PM

Quote from: Conus on October 04, 2016, 12:59:12 PM

That is not going to happen in our life times!! There are to many older people who do not trust much, let alone something they can not see such as Bitcoin. There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use.

I honestly do not see this small chance and I also do not think this wil happen, the fact is that the bitcoin is strong but banks are still twice so strong if you are asking me.

For now fiat and banks are stronger. But what will happen if their reserves dry out because of too much printing of fiat? Fiat and banks will lose its power and transfer that power to bitcoin. Though this may take a very long time before it happens.

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Quote from: dearbesz1219 on October 07, 2016, 08:52:13 AM

I'm afraid not, I know there are people like bank and other's like bitcoin. So I think it will not come to that case. But maybe in the long run bbitcoin and bank can be a team up in the business for the benefits of their clients. That was I thought.

that's not going to happen. bitcoin offers people financial freedom. and exactly that is something banks and governments don't want you to have. they want you to depend on banks to store all your savings and such. that's the system.

dearbesz1219

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I'm afraid not, I know there are people like bank and other's like bitcoin. So I think it will not come to that case. But maybe in the long run bbitcoin and bank can be a team up in the business for the benefits of their clients. That was I thought.

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bitcoin eliminate the Bank? I think bitcoin will not be able to get rid of the Bank. why? because Bank is one of financial institutions official state useful to set the economy National and international

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Quote from: coynedterm on October 06, 2016, 10:26:49 PM

i think it can't happen . because for bank money we usually buy bitcoin and sell and direct earning bitcoin . so if we are working hardwork for bank money then why bank will disappear .
but we can say , bank use will slow down .

For sure it is not going to happen because the banks are controlled by the government and they are not going to allow that to happen. Instead what is possible to happen is that. The banks are able to make the bitcoin disappear if they are going to make the usage of bitcoin prohibited in a country and that is going to be more possible to happen.

AlexBits

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This already has been mentioned multiple times but I think that banks will let the bitcoin disappear faster if they want that the bitcoin can do in their whole lifetime.
The bitcoin is simply to weak and I think due to that its not possible too.

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Quote from: AlexBits on October 06, 2016, 10:45:38 PM

Quote from: bamboylee on October 06, 2016, 10:11:30 PM

Quote from: Adaleon on October 06, 2016, 09:52:56 PM

Quote from: fravia on October 05, 2016, 07:26:56 PM

Quote from: Conus on October 04, 2016, 12:59:12 PM

That is not going to happen in our life times!! There are to many older people who do not trust much, let alone something they can not see such as Bitcoin. There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use.

I honestly do not see this small chance and I also do not think this wil happen, the fact is that the bitcoin is strong but banks are still twice so strong if you are asking me.

Not only twice, bitcoin is just one economy and if you combined all the banks in the world we are just very small.

Bitcoin has its unique purpose and it cannot make all the people to adopt because some people especially those who are holding a bigger amount of money in their bank accounts wants some security which bitcoin cannot offer. The security we are talking here is not only limited to safe keeping but also the economy, fiat is way better and fiat needs banks for its people.

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Quote from: bamboylee on October 06, 2016, 10:11:30 PM

Quote from: Adaleon on October 06, 2016, 09:52:56 PM

Quote from: fravia on October 05, 2016, 07:26:56 PM

Quote from: Conus on October 04, 2016, 12:59:12 PM

That is not going to happen in our life times!! There are to many older people who do not trust much, let alone something they can not see such as Bitcoin. There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use.

I honestly do not see this small chance and I also do not think this wil happen, the fact is that the bitcoin is strong but banks are still twice so strong if you are asking me.

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i think it can't happen . because for bank money we usually buy bitcoin and sell and direct earning bitcoin . so if we are working hardwork for bank money then why bank will disappear .
but we can say , bank use will slow down .

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Quote from: jonsmith on October 06, 2016, 10:00:47 PM

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. Cheesy

it is very nice if it actually happens, but for now I think it will not happen. banks are still bigger than the bitcoin. so bitcoin need to evolve more rapidly again until it could finally compete with the bank, but I guess it is still long, because we need everyone to accept bitcoin before that can happen

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Quote from: Adaleon on October 06, 2016, 09:52:56 PM

Quote from: fravia on October 05, 2016, 07:26:56 PM

Quote from: Conus on October 04, 2016, 12:59:12 PM

That is not going to happen in our life times!! There are to many older people who do not trust much, let alone something they can not see such as Bitcoin. There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use.

jonsmith

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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. Cheesy

Windpower

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Quote from: co5hike on October 05, 2016, 05:11:09 PM

Bitcoin disappearing banks will never happen in future as banks are too big and strongest financial institution that we have and which holds support from the Government and the people.

Yeah I really doubt that Bitcoin will catch on to everyone in the world. This means that banks will never disappear. And if they ever do, it won't be because of Bitcoin.

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Quote from: fravia on October 05, 2016, 07:26:56 PM

Quote from: Conus on October 04, 2016, 12:59:12 PM

That is not going to happen in our life times!! There are to many older people who do not trust much, let alone something they can not see such as Bitcoin. There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

th3nolo

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I do not think so, but maybe will change for represent their clients so that people continue to invest large amounts of money on them but perhaps will be more digital enconomia very similar to the DAO

South Park

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Quote from: stromma44 on October 05, 2016, 05:37:01 PM

Quote from: Diplomata on October 05, 2016, 05:29:41 PM

No I do think this can happen.
In my opinion this is highly unlikely, but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power/money, that is why I do not think the bitcoin do it.

Banks will always be an first choice of people and bitcoin will be an alternative method for the payment systems and if bitcoin gains more popularity in future then it can reduce the number of user of banks but cannot make it disappear.

As bitcoin gains popularity and adoption it may be possible for more and more persons to give up banks in favor of bitcoin but I think this is going to be a minority at best.

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Quote from: Conus on October 04, 2016, 12:59:12 PM

That is not going to happen in our life times!! There are to many older people who do not trust much, let alone something they can not see such as Bitcoin. There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

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Quote from: Diplomata on October 05, 2016, 05:38:48 PM

Quote from: stromma44 on October 05, 2016, 05:37:01 PM

Quote from: Diplomata on October 05, 2016, 05:29:41 PM

No I do think this can happen.
In my opinion this is highly unlikely, but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power/money, that is why I do not think the bitcoin do it.

Banks will always be an first choice of people and bitcoin will be an alternative method for the payment systems and if bitcoin gains more popularity in future then it can reduce the number of user of banks but cannot make it disappear.

You are right..i think boths will survive..

Yes and I think both are important for the society as the businesses who are not into bitcoins will surely depend on banks for their transactions and even they can get business loans from banks in huge amount which is not possible with bitcoins.

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