Digital currency could possibly one day but not Bitcoin specifically
bitcoin is the best currency that has ever been invented thus it is going to grow a lot and it will possibly replace all the currencies we have right now 
Topic: Can Bitcoin make Banks disappear? - page 237. (Read 427614 times)
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?
I dont think that will gonna happend very soon. Even in dozens of years banks will not dissapers. Because banks are controled by gouverments and they are an important fact for the economy of every country"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?
I agree with this. It would be hard to impossible to remove banks and replace it with bitcoins. With the current popularity oof bitcoins, the close to possibility is that banks will try to ingrate bitcoin services than going against it. But who knows? We are just making presumptions here
I think the bank will not accept bitcoin in the payment system. Banks already have a digital system is very much so bitcoin will not be used. If bitcoin used in the bank system would not be good for bitcoin fluctuations will inevitably affect bank. And bitcoin will not make banks disappear. Because the bank is very strong in the community.
It would never happen.Bitcoin is depending on dollar so it has no chance bitcoin making banks disappear in this days.
yeah you are right mate it woul never happen that bitcoin can make banks disappear because some banks now are in now in the long run when they service is more than amazing if bitcoin can banks disppear then bitcoin will disspear too because bitcoin are depending on the dollar or the real currency of this world so the answer is no
One day they will I believe 
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?
I dont think that will gonna happend very soon. Even in dozens of years banks will not dissapers. Because banks are controled by gouverments and they are an important fact for the economy of every country"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?
I agree with this. It would be hard to impossible to remove banks and replace it with bitcoins. With the current popularity oof bitcoins, the close to possibility is that banks will try to ingrate bitcoin services than going against it. But who knows? We are just making presumptions here
Digital currency could possibly one day but not Bitcoin specifically
banks will change , and they can change the name of the banks but it can't disappear why because if people keep depositing their money then the bank will keep it alive because of the money they going to recycle it to earn more or to grow the investors money , but if bitcoin become famous and popular then many bank user will probably choose bitcoin than banks
Other wise from that to changing the name of the bank is not easy like you said because they must report to the government and the central bank before they changed their name and reaudit. i don't think how the bitcoin users wanna withdraw their money into fiat without a bank.
Seriously no it cant, in fact it would be really hard to regulate with out USD
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?
I dont think that will gonna happend very soon. Even in dozens of years banks will not dissapers. Because banks are controled by gouverments and they are an important fact for the economy of every country "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?
I don't believe on this, because banks is always protected by goverments of their countries and also bitcoin is not so good as many currencies like dollar.
Nah that is not true I think bitcoin will just be difficult to replace it to fiat money. If ever bitcoin will replace the fiat money I think the bank will go to the bitcoin world and I well bet that they will offer a lot of things. Like maybe more ATM for bitcoin or other stuff.
Bitcoin can never replace any major currency and replacing banks is something impossible to believe, bitcoin will always be used as an alternative option to fiat currency.
It's up to people to make the banks disappear. The blockchain is a ready to go replacement
Up to people? You mean the people governed or the owners? The blockchain aint ready for replacement. I dont see any talks about replacing the banks. This is just a thread here not the news.
Yeah and I don't think that will ever happen, bitcoin it not too big that it can replace strongest financial institution and the fact is people have more faith in banks in compare to bitcoins.
That alone proves that bitcoin cannot make banks disappear and the governments wouldn't allow that since bitcoin transactions are transparent and government transactions aren't.
It is absolutely impossible. Bitcoin can't just decrease the bank's value in any way. Bank is a well regulated and government backed financial institution.
Probably the blockchain technology can impact bank's daily routine due to which the banks may start adopting new technologies and diversify but it is not possible for bitcoin to decrease their credibility in any way. That just can't happen.
Probably the blockchain technology can impact bank's daily routine due to which the banks may start adopting new technologies and diversify but it is not possible for bitcoin to decrease their credibility in any way. That just can't happen.
It's up to people to make the banks disappear. The blockchain is a ready to go replacement
Up to people? You mean the people governed or the owners? The blockchain aint ready for replacement. I dont see any talks about replacing the banks. This is just a thread here not the news.
Yeah and I don't think that will ever happen, bitcoin it not too big that it can replace strongest financial institution and the fact is people have more faith in banks in compare to bitcoins.
Very precise, bitcoin will never replace the bank for all the things done by the bank. Bitcoin as simply a place to reproduce or seek profits and that doesn't mean bitcoin can replace an existing financial institution before bitcoin appears. Bitcoin for folding the duplicate money and banks to save money with a good warranty
It's up to people to make the banks disappear. The blockchain is a ready to go replacement
Up to people? You mean the people governed or the owners? The blockchain aint ready for replacement. I dont see any talks about replacing the banks. This is just a thread here not the news.
Yeah and I don't think that will ever happen, bitcoin it not too big that it can replace strongest financial institution and the fact is people have more faith in banks in compare to bitcoins.
I think banks will adopt blockchains sooner or later, so they won't disappear at all.
Yes banks will adopt blockchain technology in near future but they will not support bitcoins for sure, and banks will always survive at they have support from Governments.
It's already happening. And not by a bank in some obscure country either. Haven't you guys heard of RSCoin, it was announced a few months ago, it's a joint effort by the Bank of England and the University College of London. You can read more about it here: http://www.firmex.com/thedealroom/bank-of-england-blockchain-digital-currency-bitcoin/
It's up to people to make the banks disappear. The blockchain is a ready to go replacement
Up to people? You mean the people governed or the owners? The blockchain aint ready for replacement. I dont see any talks about replacing the banks. This is just a thread here not the news.
banks will change , and they can change the name of the banks but it can't disappear why because if people keep depositing their money then the bank will keep it alive because of the money they going to recycle it to earn more or to grow the investors money , but if bitcoin become famous and popular then many bank user will probably choose bitcoin than banks
That's not possible, and it will always fall to "maybe"... banks and money will never disappear, depositing your money to banks is more secure than investing it to bitcoin... Banks have securities and insurances on your deposit, so even if they were robbed, you will always be paid... There is no way that bitcoin could change it...
People will prefer to use both of them as both have their unique features and if we have an opportunity to use both of them they why to choose a single one.
It's up to people to make the banks disappear. The blockchain is a ready to go replacement
That is will never happen bank makes an adjustment in their clients' not to withdraw all their saving and turn to bitcoin of blockchain because as of now bitcoin has no insurance that is why you money is not secure to put in.
It's up to people to make the banks disappear. The blockchain is a ready to go replacement
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