Topic: Can Bitcoin make Banks disappear? - page 22. (Read 427618 times)
Maybe in the future
Bitcoin could have eventually made banks obsolete and disappear for good. Luckily, banks found a way to disrupt Bitcoin. It's called Ripple. Just my 2 cents though.
As my knowledge, Ripple like a tool to help Bank operate smoothly, saving cost.. And when buying Ripple, we still need to exchange through Bitcoin.
How can Ripple make Bitcoin disappear?
I don't think so. No matter how popular bitcoin is today, I don't think that it will replace banks anytime soon. Despite of the number of people who trust and use bitcoin nowadays increasing, there are still people who will continue to choose bank. It will always be a part of human lives.
No!! bitcoin can’t and nothing can do that. Even the bitcoin need the bank. Bitcoin and bank has a lot of difference, bank is also connected to all of the countries, and they have a kind of standards to follow. Unlike with bitcoin, it is not globally accepted and we don’t even know who is the one controlling this, so it has no standards. Banks are highly secure that it is insured thru other banks, that if the time come that it will be bank corrupt someone will rescue them, and that bitcoin don’t have, the secure and the one who will rescue in time of emergency. Bitcoin is good but it cannot and will never ever banks to disappear.
Wrong.
Banks are not higly secure. They get broken into, SWIFT system was hacked 3 times last year, they cheat with their holdings and create money out of thin air. It is not SOMEONE rescuing them it is US. The taxpayer. You and me. Managers will still get their bonuses. So it's our choice to make, wether we trust in an unhackable code to transfer value, or humans that break their promises...
Watch this: https://www.youtube.com/watch?v=mII9NZ8MMVM
No!! bitcoin can’t and nothing can do that. Even the bitcoin need the bank. Bitcoin and bank has a lot of difference, bank is also connected to all of the countries, and they have a kind of standards to follow. Unlike with bitcoin, it is not globally accepted and we don’t even know who is the one controlling this, so it has no standards. Banks are highly secure that it is insured thru other banks, that if the time come that it will be bank corrupt someone will rescue them, and that bitcoin don’t have, the secure and the one who will rescue in time of emergency. Bitcoin is good but it cannot and will never ever banks to disappear.
Bitcoin could have eventually made banks obsolete and disappear for good. Luckily, banks found a way to disrupt Bitcoin. It's called Ripple. Just my 2 cents though.
Bitcoin can not serve as a reason for the disappearance of banks. Banks will always exist, because there will always be people who do not want to use crypto currency, or for some reason can not do it. It will be their right and no one can force them to use the crypto currency.
In addition, banks will always serve a certain part of the business, as well as state structures in their financial activities.
Yes, bitcoin will never serve as a reason for the disappearing of banks. Bitcoin came into usage to fulfill the things that is not possible with the banking system. Right now bitcoin has dependence over banking network, so it never leads to a replacement or a disappearing. Everything happens as an healthy growth to move next levels of growth. In addition, banks will always serve a certain part of the business, as well as state structures in their financial activities.
I think Bitcoin will always be a sort of "Gold 2.0". Even with systems like Lightning to make transactions cheap and fast people will still hoard/hodl. Crypto won't go away either, it will have it's own niche as a store of value and alternative currency, but right now it needs fiat to survive and I see them being co-dependent on eachother for a while.
Governments in each country are too interested in controlling the people living in it, so this is highly unlikely.
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
In my opinion, the bank has not taken bitcoin seriously at all, at least in my country, because there is no bank concerned about cryptocurrency. , "TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
Banks can change in their form, but they are still banks. Bitcoin can attempt to integrate with banks or be the primary currency that banks use in the future.
Bitcoin can not serve as a reason for the disappearance of banks. Banks will always exist, because there will always be people who do not want to use crypto currency, or for some reason can not do it. It will be their right and no one can force them to use the crypto currency.
In addition, banks will always serve a certain part of the business, as well as state structures in their financial activities.
In addition, banks will always serve a certain part of the business, as well as state structures in their financial activities.
all that can happen if bitcoin wants the bank to disappear or disappear, because that's one of the bitcoin goals. With all the decentralization it offers, it all has the potential to do it. banks are still needed because for us all still need his financially.
It might be another crypto altogether, maybe not bitcoin.
But all in all: CRYPTO will make banks dissapear!
But all in all: CRYPTO will make banks dissapear!
I'm confident that someday bitcoin will definitely make banks disappear. But to get rid of banks I hope it could not because banks are different and opposite in concept to each other. As Japan legalized bitcoin each and every country for sure will legalize bitcoin and banks will disappear automatically then.
I think cryptocurrency has the ability to make banks turns into bubbles. Since, it's main goal is to have a paperless transaction, we won't be needing banks anymore. But, I think it will still take time before it happens.
At the moment it looks impossible, but in future bitcoin may replace banks.
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
For now the bank will not disappear, but in the future it may happen because changes will always be there.
Don't hope for that, there is not the slightest chance. What Bitcoin can do is provide an alternative store of value which is independent from the banksters. I am already happy with that, 
Banks will never be replaced by bitcoin. Government will never allow it. But banks will surely upgrade its technology.
yes exactly bitcoin would not replace bank since bank 's serve as a medium of both virtual and actual transaction maybe banks would ride to the crypto craze to earn more profits Jump to: