Can Bitcoin make Banks disappear? - page 224.

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Quote from: Imoote on September 07, 2016, 11:27:03 PM

Quote from: machinek20 on September 07, 2016, 11:02:26 PM

Quote from: eddyubachs on September 07, 2016, 05:51:04 PM

Quote from: agamasrori on September 07, 2016, 05:43:44 PM

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.

i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin

Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.

And it is not just a low kind of fluctuation, it is a big wave so it will really be a problem for the economy. What if the same thing like the past happen again and it goes back to a very low price. Then it will be the fall of the economy of the said country.

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Quote from: Ryananda on September 07, 2016, 11:49:23 PM

Quote from: klf on September 07, 2016, 11:33:35 PM

Quote from: Imoote on September 07, 2016, 11:27:03 PM

Quote from: machinek20 on September 07, 2016, 11:02:26 PM

Quote from: eddyubachs on September 07, 2016, 05:51:04 PM

Quote from: agamasrori on September 07, 2016, 05:43:44 PM

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.

i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin

Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.

Yup not only now in future also the Bitcoin will not compete with Banks. The Banks is running for many years. The Bitcoin recently entered the market. But to making a profit with trading and gambling etc... Bitcoin is good. If you want to save money for your future, then I think Bank is the safest place.

Exactly. Bitcoin is not going to make the bank because the bank has long disappeared and it is believed many people. Banks are the safest place to store security guarantees. If we are to benefit bitcoin is perfect.

You are right bitcoin cant make banks disappear since banks are just storage of our fiat currency and theres no way that a cryptocurrency would able make it to disappear on the future but in fact i believe that its possible to have a bitcoin bank i guess which is more secure but i dont know if its possible.

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Quote from: klf on September 07, 2016, 11:33:35 PM

Quote from: Imoote on September 07, 2016, 11:27:03 PM

Quote from: machinek20 on September 07, 2016, 11:02:26 PM

Quote from: eddyubachs on September 07, 2016, 05:51:04 PM

Quote from: agamasrori on September 07, 2016, 05:43:44 PM

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.

i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin

Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.

Yup not only now in future also the Bitcoin will not compete with Banks. The Banks is running for many years. The Bitcoin recently entered the market. But to making a profit with trading and gambling etc... Bitcoin is good. If you want to save money for your future, then I think Bank is the safest place.

Exactly. Bitcoin is not going to make the bank because the bank has long disappeared and it is believed many people. Banks are the safest place to store security guarantees. If we are to benefit bitcoin is perfect.

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Quote from: Imoote on September 07, 2016, 11:27:03 PM

Quote from: machinek20 on September 07, 2016, 11:02:26 PM

Quote from: eddyubachs on September 07, 2016, 05:51:04 PM

Quote from: agamasrori on September 07, 2016, 05:43:44 PM

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.

i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin

Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.

Yup not only now in future also the Bitcoin will not compete with Banks. The Banks is running for many years. The Bitcoin recently entered the market. But to making a profit with trading and gambling etc... Bitcoin is good. If you want to save money for your future, then I think Bank is the safest place.

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Quote from: machinek20 on September 07, 2016, 11:02:26 PM

Quote from: eddyubachs on September 07, 2016, 05:51:04 PM

Quote from: agamasrori on September 07, 2016, 05:43:44 PM

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.

i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin

Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.

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Quote from: eddyubachs on September 07, 2016, 05:51:04 PM

Quote from: agamasrori on September 07, 2016, 05:43:44 PM

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.

i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin

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Quote from: eddyubachs on September 07, 2016, 05:51:04 PM

Quote from: agamasrori on September 07, 2016, 05:43:44 PM

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.

Not only that, but the incentive for people in well developed countries to use Bitcoin in their economy as payment option simply isn't there. Within the country you can instantly pay for everything. It doesn't matter whether it is via online shops or local companies. You just need 2 seconds to complete the transaction via NFC and walk out of the stores. And like 5-10 seconds to complete a transaction via internet.

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Quote from: agamasrori on September 07, 2016, 05:43:44 PM

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.

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Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

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Quote from: Superways on September 05, 2016, 06:48:15 PM

Quote from: newcoins1978 on September 05, 2016, 02:55:04 AM

Quote from: Kate007 on February 15, 2016, 10:26:31 AM

I think it's possible theoretically only. People are not ready to stop using banks. Peer-to-peer system is like something mythical to them.

It is possible for Bitcoin to take over a bank but to be honestly think that the change of that happening are almost at zero.
The chance us bigger that Bitcoin would be taken over by a bank.

You are wrong as bank do not work only to save and transact our money , only in some duties bitcoin will replace banks while in all other duties which bans have will remain with banks and for that banks will survive.

yeah, banks sometimes provide really good and required services and i doubt that bitcoins will ever make banks disappear

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Quote from: greatr on September 06, 2016, 07:24:55 AM

Quote from: Superways on September 05, 2016, 06:48:15 PM

Quote from: newcoins1978 on September 05, 2016, 02:55:04 AM

Quote from: Kate007 on February 15, 2016, 10:26:31 AM

I think it's possible theoretically only. People are not ready to stop using banks. Peer-to-peer system is like something mythical to them.

It is possible for Bitcoin to take over a bank but to be honestly think that the change of that happening are almost at zero.
The chance us bigger that Bitcoin would be taken over by a bank.

You are wrong as bank do not work only to save and transact our money , only in some duties bitcoin will replace banks while in all other duties which bans have will remain with banks and for that banks will survive.

thats true, they are working to make profit out of the money that you actually put into banks, i hope that bitcoin will make banks disappear

I don't see it happening in future, bitcoin will give tough competition to banks and it may reduce the number of customers of bank but it cannot make them disappear.

Zifen

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100% no and no sense to think of this.

Banks has it's purposes that serves the people and bitcoin can't do all of that services alone.

Why dissappear if it's more convenient if we have them both?

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Quote from: Superways on September 05, 2016, 06:48:15 PM

Quote from: newcoins1978 on September 05, 2016, 02:55:04 AM

Quote from: Kate007 on February 15, 2016, 10:26:31 AM

I think it's possible theoretically only. People are not ready to stop using banks. Peer-to-peer system is like something mythical to them.

It is possible for Bitcoin to take over a bank but to be honestly think that the change of that happening are almost at zero.
The chance us bigger that Bitcoin would be taken over by a bank.

You are wrong as bank do not work only to save and transact our money , only in some duties bitcoin will replace banks while in all other duties which bans have will remain with banks and for that banks will survive.

thats true, they are working to make profit out of the money that you actually put into banks, i hope that bitcoin will make banks disappear

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Quote from: BitLinkInvestments on September 05, 2016, 11:02:18 PM

No the Banks cannot make Bitcoin disappear. Bitcoin is a currency made by the people and for the people there isn't a way to just make it disappear.

I agree with you it is really not going to happen that bitcoin is going to disappear the banks. As bank is one of the biggest contributor of tax in a country and the government is not going to allow that banks are going to be disappear because bitcoin is not going to contribute in the tax of a government. So it is not going to happen.

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Quote from: Mr. Green on September 04, 2016, 07:33:20 AM

Banking is a huge business. If something or someone makes banks disappear then people will disappear with them. Do you want your relatives and friends to disappear? I don't think so.

Yeah bitcoin are huge business are banks are famous in every country because lots of people are using bank online or atm cards where they can easily withdraw or deposit there savings people have big trust on banks because banks are in the long run as the moment the the answer here that if bitcoin can bank disappear the answer here in short is NOO.

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No the Banks cannot make Bitcoin disappear. Bitcoin is a currency made by the people and for the people there isn't a way to just make it disappear.

drwtsn32

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Banks have all the main money. Main money buys bitcoin. What does that mean?
Banks control bitcoin is some way. Actually they control it through us who get our salaries from them then we use it to buy bitcoin.
So without the banks, bitcoin may get weak.

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Quote from: JITENDERPAR3 on September 05, 2016, 09:49:12 PM

since all experts are right at there own thinking because they are expert . And in my opinion bank will never dissapear because bank is a place where everyone believes more than on btc or bitcoins . while btc is a way to earn noney but bank is a better platform to store/save money .

I agree with you bitcoin is not going to make banks to disappear. As banks are really important in the economy of the country. And still the bank I think
is playing a big role with the fluctuation of the bitcoins price too. So, it is really not possible this to happen in the future. But it is possible that bank is going to make bitcoin disappear.

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since all experts are right at there own thinking because they are expert . And in my opinion bank will never dissapear because bank is a place where everyone believes more than on btc or bitcoins . while btc is a way to earn noney but bank is a better platform to store/save money .

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Quote from: Doamader on September 05, 2016, 08:09:12 PM

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Quote from: danherbias07 on September 05, 2016, 07:33:33 PM

Quote from: Superways on September 05, 2016, 06:48:15 PM

Quote from: newcoins1978 on September 05, 2016, 02:55:04 AM

Quote from: Kate007 on February 15, 2016, 10:26:31 AM

I think it's possible theoretically only. People are not ready to stop using banks. Peer-to-peer system is like something mythical to them.

It is possible for Bitcoin to take over a bank but to be honestly think that the change of that happening are almost at zero.
The chance us bigger that Bitcoin would be taken over by a bank.

You are wrong as bank do not work only to save and transact our money , only in some duties bitcoin will replace banks while in all other duties which bans have will remain with banks and for that banks will survive.

Right. We people have different ways of thinking. Some are not open to this kind of idea. If you are a bank owner what would you prefer? Will it add some profit in me? What if's and a lot more questions will pop up.

Well of course for the people who are working in the banking industry they will not allow that they are going to be conquered by bitcoin. Because they
are going to lose their job if this is going to happen. But I think this is really impossible to happen or else the bank itself is going to adopt the bitcoin
to their service.

The people around banks arent worryed with bitcoin, because bitcoin is powerful but limited, some things you cant do without banks, do you able to get a loan of 40 years to buy a house with bitcoin? As i know the big loans requests are with 1 year, and there is no sure the person who took the loan will repay.

Well you have the point with it that is why banks are going to exist forever because they are the ones that people are depending more rather than with
bitcoin because those people doesn't even know bitcoin yet. And there is no agency in bitcoin that is going to lend you big amount of money just to buy your dream house / car unlike banks.

i guess there is no advantage if you have a dream to buy a car with funds borrowed from the bank but if you concentrate on doing trade bitcoin with large scale it will be able to buy something without having to borrow money from the bank.

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