Can Bitcoin make Banks disappear? - page 215.

Diplomata

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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.

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

stromma44

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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.

Diplomata

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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.

co5hike

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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.

Universat

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no i think banks are not going to disappear banks will do work with bitcoins, i think banks will accept bitcoin and they will create wallets for bitcoins where people will put their bitcoins safely.

South Park

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Quote from: Doamader on October 04, 2016, 06:23:37 PM

Quote from: SquallLeonhart on October 04, 2016, 01:48:34 PM

Quote from: AsaroUk on October 04, 2016, 01:43:55 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.

I also do not think this is very gonna happen because its simply not easy to do and the bitcoin has than to fight up against a higher power and that is simply not reachable.

Bitcoin is too small in compare to the banking system as a whole and replacing banks is something out of the reach of bitcoins and banks will always be ruling the world even if bitcoin gets more popular in future.

Even with bitcoin taking huge investment and mass adoption, banks will keep with their service and control over the people money, as the countries rule that way. Bitcoin hasnt been made to replace anything just to return the power back to the people.

Yeah, there is no way around that, if most people feel good with that system let them; we will take advantage of this new technology that has empower us beyond belief.

BrewMaster

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Quote from: greatr on October 04, 2016, 06:35:38 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.

to be honest anything is possible in my opinion and bitcoin can makes banks disappear in the future

That is just going to be possible if the government will recognize bitcoin. But as long as they are not going to implement and endorse the usage of bitcoin then it is not possible to make banks disappear by bitcoin. And instead if the government will see bitcoin as a threat to the economy they are going to make bitcoin prohibited enter to the country.

so you are in fact saying it is not possible.

because the government will never accept bitcoin because that would mean they should give up the power they have over creating paper money and that is a power nobody would give up.

greatr

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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.

to be honest anything is possible in my opinion and bitcoin can makes banks disappear in the future

MWesterweele

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Quote from: CryptoBjorn on June 07, 2016, 05:01:10 AM

off course can bitcoins not make banks disappear and that is only because of the many users of the banks. Banks will always be trusted by people who have money on it. And it is not that bitcoin cant get the same amount of users but it will never be such big as normal gold is for now.

Yes bitcoin cant bank disappear bitcoin in not a big money and not a holder of money and its anonymous ans free to use not lome banks many user and theres a lot of billionaire business man who uses bitcoin and be the one who handle the banks

Doamader

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Quote from: SquallLeonhart on October 04, 2016, 01:48:34 PM

Quote from: AsaroUk on October 04, 2016, 01:43:55 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.

I also do not think this is very gonna happen because its simply not easy to do and the bitcoin has than to fight up against a higher power and that is simply not reachable.

Bitcoin is too small in compare to the banking system as a whole and replacing banks is something out of the reach of bitcoins and banks will always be ruling the world even if bitcoin gets more popular in future.

Even with bitcoin taking huge investment and mass adoption, banks will keep with their service and control over the people money, as the countries rule that way. Bitcoin hasnt been made to replace anything just to return the power back to the people.

ElpadroBitcoin

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No I do not have the feeling that the bitcoin can let banks disappear the banks are way to powerful and can accomplish way more things.
I think that the bank will always win right now.

richardsNY

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Quote from: doraemon1 on October 04, 2016, 01:47:48 PM

No I do not think this is possible, banks are just to big to win from, the banks want to destroy the bitcoin completely.
The banks only want the system behind the block chain, I really hate it but I think the bitcoin still has a chance to win but it will be a long journey.

Banks will never be able to destroy Bitcoin, that's for sure. They can however prevent people from using their bank accounts in Bitcoin related transactions. That's a possibility. Other than that, they can't do much. From that level, governments will step in and take their preferred actions against Bitcoin. That's only a possibility when Bitcoin becomes a serious threat to the banking system. That's not the case right now, so we don't have to worry about that

Yakamoto

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Quote from: South Park on October 04, 2016, 04:02:29 PM

Quote from: BitHodler on October 01, 2016, 06:21:53 PM

Quote from: Alphagog on October 01, 2016, 01:49:32 PM

Quote from: South Park on October 01, 2016, 12:00:26 PM

At best bitcoin will force an evolution of banks basically banks as we know it may disappear but a new model will emerge and probably be as strong as always.

You might be right. The bank cannot rely on the central banks to save them in the future. They have to work hard.

Certain banks are so big and deep rooted in the world economy, that governments/central banks will always jump in to offer a helping hand when needed.

But then again, where is the limit of all this support? Will they just keep printing money to help financial institutions, or will they just help out the most important ones, and let others fail? No one knows yet.

Either way, Bitcoin can't and will never be able to make banks vanish. It's impossible and not even worthy of dreaming about.

There is not enough money to save them all, so I think central banks will need to decide which of the banks they want to save the most out of all those banks that may face the threat of closing their doors.

The banks will always save the "too big to fail" banks. For the states this means JP Morgan, Chase, Bank of America, and so on. Banks that are simply just too big and hold too much money within their walls to collapse and cause people to be out of an investment or bank savings. Most smaller banks will be ignored and tossed under the bus if they don't have enough money in the savings accounts, however those same banks will likely not be embroiled with the same kind of liabilities the bigger banks possess, so they can typically be saved with less.

South Park

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Quote from: BitHodler on October 01, 2016, 06:21:53 PM

Quote from: Alphagog on October 01, 2016, 01:49:32 PM

Quote from: South Park on October 01, 2016, 12:00:26 PM

At best bitcoin will force an evolution of banks basically banks as we know it may disappear but a new model will emerge and probably be as strong as always.

You might be right. The bank cannot rely on the central banks to save them in the future. They have to work hard.

Certain banks are so big and deep rooted in the world economy, that governments/central banks will always jump in to offer a helping hand when needed.

But then again, where is the limit of all this support? Will they just keep printing money to help financial institutions, or will they just help out the most important ones, and let others fail? No one knows yet.

Either way, Bitcoin can't and will never be able to make banks vanish. It's impossible and not even worthy of dreaming about.

There is not enough money to save them all, so I think central banks will need to decide which of the banks they want to save the most out of all those banks that may face the threat of closing their doors.

SquallLeonhart

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Quote from: AsaroUk on October 04, 2016, 01:43:55 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.

I also do not think this is very gonna happen because its simply not easy to do and the bitcoin has than to fight up against a higher power and that is simply not reachable.

Bitcoin is too small in compare to the banking system as a whole and replacing banks is something out of the reach of bitcoins and banks will always be ruling the world even if bitcoin gets more popular in future.

doraemon1

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No I do not think this is possible, banks are just to big to win from, the banks want to destroy the bitcoin completely.
The banks only want the system behind the block chain, I really hate it but I think the bitcoin still has a chance to win but it will be a long journey.

AsaroUk

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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.

I also do not think this is very gonna happen because its simply not easy to do and the bitcoin has than to fight up against a higher power and that is simply not reachable.

Conus

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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.

kreskko

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"It is possible to buy products of bitcoin on the internet and get paid at work and to lay down the money in the bank and then spend them in stores. Why do I have to choose I do not understand.

Yaupgitda

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Quote from: BingoDog on October 04, 2016, 12:06:03 PM

As a fuly decentraliezed and independent system Bitcoin will not replace the banks. I'm sure that many people would like that but this is not possible because the whole worlds financial system relies on banks. But I'm sure if there is the will banks could embrase Bitcoin.

I agree with this. The banks can actually use the bitcoin as a currency or provide a service based on it.

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