Topic: Can Bitcoin make Banks disappear? - page 221. (Read 427614 times)
I don't believe that will happen anytime soon. In the current economy, banks are used by many people, and many people are resistant to new technologies. But the things may change in the future.
No. Banks are going to be there forever because of the Governments 'taking care' of them all the time. They are never going to disappear because they're being built for surveillance and for control.
The fact is banks holds support from the Governments and the society which are the two strongest factor that we have and people won't simply stop using banks because of bitcoins as they have more faith in banking system.
Governments control the majority of what people will and should be using, and thus a major part of the world will constantly follow everything the government tells them to do. This won't change. That's exactly why banks will stay strong as they are. We Bitcoiners are a very small minority with how we think about Bitcoin and how it helps us to gain more financial freedom and stuff. We most likely won't even make a dent in the way the world thinks about banks. That's why it will be very impressive when we at some point have 1% of the world to use Bitcoin.
Bitcoin will love long but banks will never be disappear.. banks still a good choice because saving for your future have a great future..
And its imposible that banks can be disappear..
Me too I don't think that banks are going to be disappeared just because of bitcoin. It is just going to possible to happen if the government is going to allow the disappearing of banks that easily. But I don't think the banks are going to allow that to happen because they are really important in a country because they are the one who has a lot of contribution in the distribution of money in a country.
The fact is banks holds support from the Governments and the society which are the two strongest factor that we have and people won't simply stop using banks because of bitcoins as they have more faith in banking system.
I think not because banks will always find a way in order to continue their existence. If they see bitcoin as a threat to them then they will modify and innovate to compete with bitcoin and in fact they are already studying and doing something to compete the technology of bitcoin and then applying it to them. Another thing is that fiat will continue to exist so as long as there is fiat then there will always be banks.
Let us be aware that bitcoin has a limit of its production - I believe it is up to 12 million bitcoins and that is it. Hence, fiat money will still be around and so with the established banks. Let us be aware though that bitcoin was not created to take over fiat money and banks. It was created to have alternative way on transacting online comercially that is more convenient and private - people can choose as to what to use.
Not 12 millions but its 21 millions, apart from that I agree with you that there is no need in choosing only one if we have an choice to use both of them, as we cannot depend only on bitcoins at a moment.
Oh I am sorry, it is 21 million.. I'll be editing it now.. thanks for pointing that out - just a typo error
Doing both - bitcoin and fiat money is the way to go. That is the wiser way of using it. There is no advantage in just doing one over the other, we should always adopt and use everything at our convenience and advantage..Yeah banks are important part of our financial system and cannot disappear so easily and it also holds support from people and Governments that makes them even more stronger.
I think not because banks will always find a way in order to continue their existence. If they see bitcoin as a threat to them then they will modify and innovate to compete with bitcoin and in fact they are already studying and doing something to compete the technology of bitcoin and then applying it to them. Another thing is that fiat will continue to exist so as long as there is fiat then there will always be banks.
Let us be aware that bitcoin has a limit of its production - I believe it is up to 12 million bitcoins and that is it. Hence, fiat money will still be around and so with the established banks. Let us be aware though that bitcoin was not created to take over fiat money and banks. It was created to have alternative way on transacting online comercially that is more convenient and private - people can choose as to what to use.
Not 12 millions but its 21 millions, apart from that I agree with you that there is no need in choosing only one if we have an choice to use both of them, as we cannot depend only on bitcoins at a moment.
Oh I am sorry, it is 21 million.. I'll be editing it now.. thanks for pointing that out - just a typo error
Doing both - bitcoin and fiat money is the way to go. That is the wiser way of using it. There is no advantage in just doing one over the other, we should always adopt and use everything at our convenience and advantage..Yeah banks are important part of our financial system and cannot disappear so easily and it also holds support from people and Governments that makes them even more stronger.
I think not because banks will always find a way in order to continue their existence. If they see bitcoin as a threat to them then they will modify and innovate to compete with bitcoin and in fact they are already studying and doing something to compete the technology of bitcoin and then applying it to them. Another thing is that fiat will continue to exist so as long as there is fiat then there will always be banks.
Let us be aware that bitcoin has a limit of its production - I believe it is up to 12 million bitcoins and that is it. Hence, fiat money will still be around and so with the established banks. Let us be aware though that bitcoin was not created to take over fiat money and banks. It was created to have alternative way on transacting online comercially that is more convenient and private - people can choose as to what to use.
Not 12 millions but its 21 millions, apart from that I agree with you that there is no need in choosing only one if we have an choice to use both of them, as we cannot depend only on bitcoins at a moment.
Oh I am sorry, it is 21 million.. I'll be editing it now.. thanks for pointing that out - just a typo error
Doing both - bitcoin and fiat money is the way to go. That is the wiser way of using it. There is no advantage in just doing one over the other, we should always adopt and use everything at our convenience and advantage.. I think not because banks will always find a way in order to continue their existence. If they see bitcoin as a threat to them then they will modify and innovate to compete with bitcoin and in fact they are already studying and doing something to compete the technology of bitcoin and then applying it to them. Another thing is that fiat will continue to exist so as long as there is fiat then there will always be banks.
Let us be aware that bitcoin has a limit of its production - I believe it is up to 12 million bitcoins and that is it. Hence, fiat money will still be around and so with the established banks. Let us be aware though that bitcoin was not created to take over fiat money and banks. It was created to have alternative way on transacting online comercially that is more convenient and private - people can choose as to what to use.
Not 12 millions but its 21 millions, apart from that I agree with you that there is no need in choosing only one if we have an choice to use both of them, as we cannot depend only on bitcoins at a moment.
I think not because banks will always find a way in order to continue their existence. If they see bitcoin as a threat to them then they will modify and innovate to compete with bitcoin and in fact they are already studying and doing something to compete the technology of bitcoin and then applying it to them. Another thing is that fiat will continue to exist so as long as there is fiat then there will always be banks.
Fiat will not disappear well that depends on the government .also i have read some news about biggest banks to innovate or planning to accept bitcoins they will go over bitcoin which to be more convienient for the users of it they will taking advantage of bitcoin .I don't remember what country it is but that country will make a Altcoin which only use on their country and not allowing bitcoin on them .government on them are taking advantage so that matter advance technology will make money for them .
I think not because banks will always find a way in order to continue their existence. If they see bitcoin as a threat to them then they will modify and innovate to compete with bitcoin and in fact they are already studying and doing something to compete the technology of bitcoin and then applying it to them. Another thing is that fiat will continue to exist so as long as there is fiat then there will always be banks.
Let us be aware that bitcoin has a limit of its production - I believe it is up to 12 million bitcoins and that is it. Hence, fiat money will still be around and so with the established banks. Let us be aware though that bitcoin was not created to take over fiat money and banks. It was created to have alternative way on transacting online comercially that is more convenient and private - people can choose as to what to use.
I think not because banks will always find a way in order to continue their existence. If they see bitcoin as a threat to them then they will modify and innovate to compete with bitcoin and in fact they are already studying and doing something to compete the technology of bitcoin and then applying it to them. Another thing is that fiat will continue to exist so as long as there is fiat then there will always be banks.
Bitcoin will love long but banks will never be disappear.. banks still a good choice because saving for your future have a great future..
And its imposible that banks can be disappear..
Bitcoin will love long but banks will never be disappear.. banks still a good choice because saving for your future have a great future..
And its imposible that banks can be disappear..
I think, no. bank is a financial institution that is very important for the world economy. so I think, the bank will not be disappear
Bitcoin will love long but banks will never be disappear.. banks still a good choice because saving for your future have a great future..
And its imposible that banks can be disappear..
Traditional banks as we know them will never go away. I am sure that they at some point will come up with their own digital currency where their customers get all the benefits from crypto currencies but where the banks are still full in control of every economy aspect. The average joe has more trust in something issued by the bank than something "decentralized" as Bitcoin.
Even if Bitcoin became the #1 form of currency use across the entire world, banks would never disappear and they would still be a thing, however their profits would be hampered by the rise of Bitcoin. hey would have a harder time instituting fractional reserve lending, they would have to own more Bitcoin to loan (relative to what they are able to do now) and there would be more tracking involved. 
Traditional banks as we know them will never go away. I am sure that they at some point will come up with their own digital currency where their customers get all the benefits from crypto currencies but where the banks are still full in control of every economy aspect. The average joe has more trust in something issued by the bank than something "decentralized" as Bitcoin.
bitcoin has the potentiality tomake this true but bitcoin is not made for this it is a better choise than bank its like comparing a photograph with a pc or just a movie things are just more and more developed everyday which only makes our living very smooth and happy
Banks are stable, bitcoin can't destroy them, never and ever. Because not everyone will use bitcoin, at least in 100 years, people will still use paper/metal money, but digital currency, digital ones can be alternatives, but never replace them. Why A must replace B? They can exist and help each other
I don't think Bitcoin can make banks disappear. Banks hold fiat and there are people who would rather die than embrace the idea of Bitcoin. Those people would keep the banks alive. Also, not everyone of us likes using the Internet or the technology itself. Some people just like sticking with what he/she have been using ever since. They simply don't want change.
We (bitcoin users) would probably like to have a change like that but as you said there are people from every corner of the world who would never like such a change as they have been using that system from start and they wont embrace a change so soon.
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