Can Bitcoin make Banks disappear? - page 239.

moonya

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Quote from: coinoclock on August 07, 2016, 09:54:02 AM

Quote from: iqlimasyadiqa on August 07, 2016, 03:01:23 AM

Quote from: coinoclock on August 07, 2016, 02:39:09 AM

i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

bitcoin financial system is more to digital and transparency. so we can not hold the money physically. eg, safe deposit box, bitcoin does not have it. the most important thing when it have bitcoin wallet account is to saving us safely.

i don't mean to hold bitcoins in a safe deposit box. the box is for holding documents and jewelry. i would like to see how a blockchain handles that Wink

It can not be to blockchain completely fell under the prohibition of any kind. Banks can take a lot into service for its activities. Recently I came across the information that even the US Democrats have expressed about the use of blockchain to improve the electoral system.

23dzmaz

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I don't think bitcoin can make banks disappeaer. Every country need banks and bitcoin can't do shit into banks if all people not know about bitcoin.

randy8777

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Quote from: terman45x on August 07, 2016, 09:57:31 AM

Quote from: JeffBrad12 on August 07, 2016, 08:04:01 AM

Quote from: PanZerrr on August 07, 2016, 02:01:27 AM

Quote from: JeffBrad12 on August 05, 2016, 09:12:08 PM

Quote from: GamingBro on August 05, 2016, 12:39:54 PM

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

Its possible that banks will adopt blockchain technology in future but I don't think they will shake their hands with bitcoins as bitcoin is a major threat to the banking system.

if banks happen to adopt the block chain as technology, then they will surely stick to fully private block chains. because remember, banks are only willing to adopt something if they have 100% control over it.

terman45x

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Quote from: JeffBrad12 on August 07, 2016, 08:04:01 AM

Quote from: PanZerrr on August 07, 2016, 02:01:27 AM

Quote from: JeffBrad12 on August 05, 2016, 09:12:08 PM

Quote from: GamingBro on August 05, 2016, 12:39:54 PM

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

Its possible that banks will adopt blockchain technology in future but I don't think they will shake their hands with bitcoins as bitcoin is a major threat to the banking system.

coinoclock

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Quote from: iqlimasyadiqa on August 07, 2016, 03:01:23 AM

Quote from: coinoclock on August 07, 2016, 02:39:09 AM

i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

bitcoin financial system is more to digital and transparency. so we can not hold the money physically. eg, safe deposit box, bitcoin does not have it. the most important thing when it have bitcoin wallet account is to saving us safely.

i don't mean to hold bitcoins in a safe deposit box. the box is for holding documents and jewelry. i would like to see how a blockchain handles that Wink

JeffBrad12

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Quote from: PanZerrr on August 07, 2016, 02:01:27 AM

Quote from: JeffBrad12 on August 05, 2016, 09:12:08 PM

Quote from: GamingBro on August 05, 2016, 12:39:54 PM

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

Kotone

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Quote from: Rude Boy on January 11, 2016, 10:09:46 PM

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Yeah, I think they will merge Bitcoin at banks soon in the future. And this will lead to other cryptocurrency too like Ethereum and DogeCoin and also Litecoin if they want. But as long as they are using bitcoin, this currency will make our world more circular because of the new digital currency lying in this world today.

danherbias07

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Quote from: coinoclock on August 07, 2016, 02:39:09 AM

i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

You are right. They cannot just dump those banks. Just look at it. There is still a line whenever you go to the bank and it is way too long sometimes. This still proves that a lot of people is entrusting their money with this kind of service.

Imoote

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Quote from: iqlimasyadiqa on August 07, 2016, 03:01:23 AM

Quote from: coinoclock on August 07, 2016, 02:39:09 AM

i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

bitcoin financial system is more to digital and transparency. so we can not hold the money physically. eg, safe deposit box, bitcoin does not have it. the most important thing when it have bitcoin wallet account is to saving us safely.

Bitcoin does not have the physique for including into digital currency. Between bitcoin bank system with very different so I sure would not affect each other. I believe bitcoin bank can not make disappear.

iqlimasyadiqa

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Quote from: coinoclock on August 07, 2016, 02:39:09 AM

i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

bitcoin financial system is more to digital and transparency. so we can not hold the money physically. eg, safe deposit box, bitcoin does not have it. the most important thing when it have bitcoin wallet account is to saving us safely.

coinoclock

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i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

diodio5

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Quote from: AlanDiz on August 04, 2016, 01:41:43 PM

In Kenya we dont have da banks much.... Grin

The coins are catching on man. We are a few years from this taking da world.

For the hackers its all ez money.

Lol yeah in poor countries (im sorry) very few banks that exist. so I think this is an opportunity for bitcoin to be touched to the small country. their currencies had a very low price. so maybe bitcoin could overtake their currencies. and bitcoin could be your country's currency Lol

noictib

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i think no . because there is less trust on the buy sell of btc in online market . and not every product is avaliable to buy through btc so i think bank can never be disappear due to popularity of bitcoins .

PanZerrr

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Quote from: JeffBrad12 on August 05, 2016, 09:12:08 PM

Quote from: GamingBro on August 05, 2016, 12:39:54 PM

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

Guys, the banking system was born a long time ago. Even in another way, but nevertheless all the banks will continue to exist, and even if such a global bitcoin takes place in the financial world, banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

Naughtid

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Quote from: JeffBrad12 on August 05, 2016, 09:12:08 PM

Quote from: GamingBro on August 05, 2016, 12:39:54 PM

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

The banks will not die. They will adapt to the new environment and adopt the bitcoin and make more profit.

JeffBrad12

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Quote from: GamingBro on August 05, 2016, 12:39:54 PM

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

cookiemonster07

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You might be wrong. Because bitcoin is not a single factor baseded system.I would bet that it will never happen although bitcoin has a large user, it will not make banks be disappearing.
if fiat continue as usual banks will follow in order to stay afloat.That is right. The banks will always make money and use whatever currency that makes money. There is no exception

happyearnings

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Quote from: GamingBro on August 05, 2016, 12:39:54 PM

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

yes i also thing so i think bitcoin cannot disappear banks, because banks run on fiat money and fiat money is our basing necessity, to me if banks accept bitcoin the banks will become the most profitable department of the state because there is so much potential in the market of bitcoin and still a lot of people are trading bitcoin and if they use banks for that they have to pay a lot of commission to banks, which will increase the income of the banks,

universe_

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Quote from: AlanDiz on August 04, 2016, 01:41:43 PM

In Kenya we dont have da banks much.... Grin

The coins are catching on man. We are a few years from this taking da world.

For the hackers its all ez money.

well i hope that african countries will adopt to bitcoins pretty fast, it doesnt require any banks and it would be really great for both people and the currency

GamingBro

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I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

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