Can Bitcoin make Banks disappear? - page 235.

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Quote from: Strongkored on August 17, 2016, 02:06:13 AM

Quote from: rio3233 on August 17, 2016, 01:44:09 AM

Quote from: Mr. Big on August 17, 2016, 01:34:22 AM

Quote from: tahirkhanmrd on August 16, 2016, 11:24:19 AM

i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.

That's too much of a dream and "if"... Not all are into using bitcoin and if that would happen it will take more than this lifetime... One thing is for sure, bitcoin will be living along with banks and we can't convince all the people to use bitcoin alone...

Yes, bitcoin can go along together with banks or maybe they can collaborate together and banks accept bitcoin. I think bitcoin can't make banks disappear.

Yeah, I also think bitcoin bank can not make disappear. Because we know the bitcoin system is still relatively new and different with the banks that have begun the system decades ago. But the possibility is always there. And banks accept bitcoin I would not think so, because if bitcoin bank accepted then there will be interference from the government. thanks

we have the same though no matter how bitcoin would be developed in the future but its impossible for them to make the banks disappear since banks are just storage of paper currency/fiat and doesnt control the the fiat itself. Its also an impossible thing that bitcoin would be included in the bank as others said they would be an interference with its government of a certain country.

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Quote from: JeffBrad12 on August 16, 2016, 08:11:16 PM

Quote from: greBit on August 16, 2016, 07:46:15 AM

I don't think banks are going anywhere, it will survive for sure and may be in future they will too start accepting bitcoins and both of them will coexist in future.

From where you are sure for the bank wanna to starting to accepting bitcoin in the future if in this time the bank wanna to adopt the blockchain system for making a better system rather than it. I never believe the bank will accept bitcoin until the future is coming.
[/quote

I beg to disagree, true that banks are not going anywhere instead of doing that, once the bitcoin cannot be stop because of popularity whether they like it not they will accept bitcoin into their system, they gonna ride on the trend.

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Quote from: rio3233 on August 17, 2016, 01:44:09 AM

Quote from: Mr. Big on August 17, 2016, 01:34:22 AM

Quote from: tahirkhanmrd on August 16, 2016, 11:24:19 AM

i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.

That's too much of a dream and "if"... Not all are into using bitcoin and if that would happen it will take more than this lifetime... One thing is for sure, bitcoin will be living along with banks and we can't convince all the people to use bitcoin alone...

Yes, bitcoin can go along together with banks or maybe they can collaborate together and banks accept bitcoin. I think bitcoin can't make banks disappear.

Yeah, I also think bitcoin bank can not make disappear. Because we know the bitcoin system is still relatively new and different with the banks that have begun the system decades ago. But the possibility is always there. And banks accept bitcoin I would not think so, because if bitcoin bank accepted then there will be interference from the government. thanks

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Quote from: Mr. Big on August 17, 2016, 01:34:22 AM

Quote from: tahirkhanmrd on August 16, 2016, 11:24:19 AM

i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.

That's too much of a dream and "if"... Not all are into using bitcoin and if that would happen it will take more than this lifetime... One thing is for sure, bitcoin will be living along with banks and we can't convince all the people to use bitcoin alone...

Yes, bitcoin can go along together with banks or maybe they can collaborate together and banks accept bitcoin. I think bitcoin can't make banks disappear.

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Quote from: tahirkhanmrd on August 16, 2016, 11:24:19 AM

i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.

That's too much of a dream and "if"... Not all are into using bitcoin and if that would happen it will take more than this lifetime... One thing is for sure, bitcoin will be living along with banks and we can't convince all the people to use bitcoin alone...

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Quote from: greBit on August 16, 2016, 07:46:15 AM

I don't think banks are going anywhere, it will survive for sure and may be in future they will too start accepting bitcoins and both of them will coexist in future.

From where you are sure for the bank wanna to starting to accepting bitcoin in the future if in this time the bank wanna to adopt the blockchain system for making a better system rather than it. I never believe the bank will accept bitcoin until the future is coming.

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Quote from: lixer on August 16, 2016, 03:53:32 PM

Quote from: takingthis4 on August 16, 2016, 08:48:18 AM

Quote from: adriaymati58 on August 16, 2016, 07:42:37 AM

I doubt that will happen anytime soon, By the current condition of the world that might happen in the future but not in the current year, even minor chances of taking some of the banks roles will be enough.

it will happen soon, believe me it is going to happen in like a decade or so, people are not into banks already and i hope less and less people will use it

Nope. Not at all.
There are people who'd rather use banks than bitcoin wallets. Me for example. I wouldn't want to risk my asset losing value because of bitcoin's being highly volatile. Currently, my asset is divided at 70% bank, 20% bitcoin and 10% on hand, roughly.

As you there are several people that dont wanna to risk their money, savings into bitcoin because its huge volatility, as several are investing into bitcoin because of that. Banks are ruled by countries and they make almost all the transactions of the world, bitcoin is making several transactions, but to a restricted group. Banks provide services that bitcoin now cant offer as loan over 1 year or either 40 years, no one will risk bitcoin to get a huge %% has banks charge over the years lending.

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Quote from: subcypher on January 11, 2016, 09:48:18 PM

Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.

Agreed, We knew that bitcoin has a good future and it doesn't mean the banks will disappear at once. Of course not, actually it can be a good partner or they can help to one another if the bank will adopt the bitcoin system has, for the sake of the benefits of the customers.

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I've been sitting on the sidelines for a while because of the volatility. But it's become clear to me that cryptocurrency is the future. It will threaten many organizations that are built on current government issued currency over time.

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Quote from: Bestwishes745 on August 16, 2016, 03:23:03 PM

Quote from: adriaymati58 on August 16, 2016, 07:42:37 AM

I doubt that will happen anytime soon, By the current condition of the world that might happen in the future but not in the current year, even minor chances of taking some of the banks roles will be enough.

I totally is agree with you, bitcoin is unable to replace banks as banks function is not only transacting money from one person to another and not it work only for saving our money, but it has other functions also like it control our financial system of our businesses and of our state and organizations etc.

It seems that such ideas about replacing banks bitcoin, it's just an incredible effect. Just think, how can a currency substitute, organization or institution who conduct various operations with these currencies. Banks have been and will be.

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Quote from: takingthis4 on August 16, 2016, 08:48:18 AM

Quote from: adriaymati58 on August 16, 2016, 07:42:37 AM

I doubt that will happen anytime soon, By the current condition of the world that might happen in the future but not in the current year, even minor chances of taking some of the banks roles will be enough.

it will happen soon, believe me it is going to happen in like a decade or so, people are not into banks already and i hope less and less people will use it

Nope. Not at all.
There are people who'd rather use banks than bitcoin wallets. Me for example. I wouldn't want to risk my asset losing value because of bitcoin's being highly volatile. Currently, my asset is divided at 70% bank, 20% bitcoin and 10% on hand, roughly.

Bestwishes745

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Quote from: adriaymati58 on August 16, 2016, 07:42:37 AM

I doubt that will happen anytime soon, By the current condition of the world that might happen in the future but not in the current year, even minor chances of taking some of the banks roles will be enough.

I totally is agree with you, bitcoin is unable to replace banks as banks function is not only transacting money from one person to another and not it work only for saving our money, but it has other functions also like it control our financial system of our businesses and of our state and organizations etc.

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Quote from: greBit on August 16, 2016, 07:46:15 AM

I don't think banks are going anywhere, it will survive for sure and may be in future they will too start accepting bitcoins and both of them will coexist in future.

yes most of the people are thinking so, but it is only possible if the bitcoin become more popular in the people and they start using bitcoin in their daily life, and it compel banks to accept bitcoin then banks and bitcoin will world together.

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Quote from: tahirkhanmrd on August 16, 2016, 11:24:19 AM

i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.

You think bitcoin can do "ALL" those services that banks can offer? Banks are useful in many ways.

Forget the profit here and let's head on how banks help the community and government. You are just pointing about money lost. If bitcoin can do all bank services then I will joined your shit opinion.

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Quote from: tahirkhanmrd on August 16, 2016, 11:24:19 AM

i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.

As you can imagine such a state of the financial situation of people who are not in need of banking services and equivalent, it would be a lot of money for all needs. But this is unrealistic. Banks is also one of the oldest organizations.

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i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.

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I think even bitcoin conquor the world bitcoin can't make the bank disappear because banks is more reliable than bitcoin wallets many people are using banks so that they can hold their money , lets say some investors are using bitcoin currency to invest or to gamling but some investors are using digital currency we know that we use digital currency to know where country we belong

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Quote from: hope4ever on August 16, 2016, 09:43:07 AM

no i dont think so bitcoin cannot disappear banks,i think it will make banks more stable and profitable.

How could bitcoin makes bank more stable and profitable?
Bitcoin is a threat for bitcoin isn't it ? since it's decentralization so they banks can't controll it, it might be right that bitcoin can't make bank disappear but who knows a hundred years later people move to crypto and leave banks as their trusted place for storing their money.

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Quote from: hope4ever on August 16, 2016, 09:43:07 AM

no i dont think so bitcoin cannot disappear banks,i think it will make banks more stable and profitable.

very precise, bitcoin will not make banks disappeared. for if the bank lost then all this in the world of finance will have a big problem and I am sure that all of the currencies of each country no cost because there is not a place to manage it

hope4ever

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no i dont think so bitcoin cannot disappear banks,i think it will make banks more stable and profitable.

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