Topic: Can Bitcoin make Banks disappear? - page 24. (Read 427618 times)
First, we all know the banking system is quite bureaucratic. Juxtaposing banks and blockchain technology would tell everyone that the latter is better. We are gradually moving from the bulky system of keeping money to a more technological way of storing money and wealth. When the banking system starts becoming less appealing, bankers may be compelled inadvertently to incorporate bitcoin and the blockchain technology into their system. I foresee banks adapting the blockchain technology like some banks have started adapting mobile money system where telecommunications companies and banks come together to serve customers.
Maybe it is not possible now,banks are afraiding about the bitcoins.in our country government fear about bitcoin and want to regulate.bitcoin is better than bank,it is useful for online transactions,low transaction charges.bitcoin is good investment plan.
it is possible but I think banks will adopt to the new system, blockchains.
and I think not, many are pessimistic Bitcoin will be able to shift the conventional currency both local and global level. The reason Bitcoin has a problem because it has no underscores and is not centered. In addition, Bitcoin also does not have a deposit and credit mechanism like any other currency.
Lightning Network is coming and that has these things the development team is trying to
sell us as hubs but they are banks and will be charging us fees
https://bitcointalk.org/index.php?topic=2680315.new#new
What again was you saying about banks disappearing because they will be
multiplying like rabbits if you ask me and the BTC development team will
be running them and calling themselves miners
$45 just to process 250 bytes of data is a total joke but maybe a few more
flashing lights and extra buttons on the slot machine will make you all think
that the chances of winning has increased even if it's going down.
If the governments realize this thing that bitcoin can be used in replace of paper money, then there is a possibility of this thing that the existence of banks remain no more. Banks are only there in this world just because of paper money. If there will be no paper money left, then there will be no point of having banks in this world. Things are changing and modern world can make banks disappear. sell us as hubs but they are banks and will be charging us fees
https://bitcointalk.org/index.php?topic=2680315.new#new
What again was you saying about banks disappearing because they will be
multiplying like rabbits if you ask me and the BTC development team will
be running them and calling themselves miners
$45 just to process 250 bytes of data is a total joke but maybe a few more
flashing lights and extra buttons on the slot machine will make you all think
that the chances of winning has increased even if it's going down.
Definitely no. Banks will change for what have happen.
Maybe it is not possible now,banks are afraiding about the bitcoins.in our country government fear about bitcoin and want to regulate.bitcoin is better than bank,it is useful for online transactions,low transaction charges.bitcoin is good investment plan.
yes, Bitcoin can beat Banks and make all banks disappear. Bitcoin systems is more powerful than banks and also provides more facility during BTC transactions. So people love more BTC than banks.
in my opinion, BANK can not be vanished by bitcoin. we know all that the BANK is controlled by a government, and if something bad happens to the BANK, then the government will definitely respond. while bitcoin, this is not controllable, if BANK is replaced with bitcoin, who will be responsible if something bad happens to bitcoin !!!
That is unlikely. I think bitcoin can not make the bank disappear. The bank has many benefits mk bitcioin does not have. Bitcoin only thrives in a short time, it's not popular yet, there are still a lot of people who do not know bitcoin.
Yes and there still countries that are not yet connected in the cyberworld and some countries are banning cryptos. Bitcoin has also a drawback when it comes to transaction unlike fiat that you deposited in the bank wherein you can still make a transaction even if it's offline. If only these problems can be resolved, i think there is a big possibility that Bitcoin can make Banks obsolete, thus making bitcoin as the international currency.
BTC cannot challenge the status of Banks, so Banks will not disappear.And BTC is no longer able to replace every country's currency, which is a new virtual currency.In the future, the development of virtual currencies should continue to grow.
I think banks will not disappear because there are still few people who know about bitcoin and many still need banks
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?
"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?
When the bitcoin profits are so big, the whole of people will withdraw money from the bank to collapse the bank, which is why the bitcoin is so hot, I still think if there is no bitcoin then there will be Other investment channels are better, because bitcoin is not unique, only one batch of bitcoin fork produces a new bitcoin.
well I want them to close down but I think it will not going to happen, indeed i can say very few banks will stay.
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?
"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?
Bitcoin can make banks disappear. Banks only get a big problems about the bitcoins because imagine if all the people invest to the bitoin so that few people save on the banks. If the banks create a new strategy like adopt the bitcoin system for example like change the bitoin to fiat or banks atm machine can withdraw bitcoin already convert to the real money.
Lightning Network is coming and that has these things the development team is trying to
sell us as hubs but they are banks and will be charging us fees
Lightning Network is just a wrapper for Bitcoin network. Something external. It need a huge banking-hubs. In fact, Lightning Network is the banking. sell us as hubs but they are banks and will be charging us fees
Bank is under by goverment. Bitcoin isn't.
No way to do.
No way to do.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I think that banks are scared because most of the people are investing on bitcoins rather than placing their money on the banks, But it is true that profit is much better on bitcoin depending on the season. Banks will really disappear if most of the people will decide to focus on bitcoins but it will take a very long time in order to make this things happen.
I think not, because the bank officially signaled the ban on its citizens on Bitcoin investments. the bank says its statements are for people to stay away from both the system and the investment in bitcoin, and there are still many people who do not know about bitcoin what's the point for the future.
They don't ban bitcoins, they just warn the public about investing on bitcoin related investment. Bitcoin is not an investment actually because it's a means for online transaction but because people believe its value will become
bigger in the future, they hold bitcoin since it has limited supply.
I think not, because the bank officially signaled the ban on its citizens on Bitcoin investments. the bank says its statements are for people to stay away from both the system and the investment in bitcoin, and there are still many people who do not know about bitcoin what's the point for the future.
yes, Bitcoin can beat Banks and make all banks disappear. Bitcoin systems is more powerful than banks and also provides more facility during BTC transactions. So people love more BTC than banks.
in my opinion, BANK can not be vanished by bitcoin. we know all that the BANK is controlled by a government, and if something bad happens to the BANK, then the government will definitely respond. while bitcoin, this is not controllable, if BANK is replaced with bitcoin, who will be responsible if something bad happens to bitcoin !!!
Banks are subject to regulations but governmetns are not directly controlling private banks. If you talk about government banks and some central banks, this might be true. Bitcoin cannot be controlled by the central powers and that's why they fear it.
exactly the reason BTC was created. I always feared that regulations would creep up on it though..... time will tell. not stoked that it's now on a futures exchange on wall street
yes, Bitcoin can beat Banks and make all banks disappear. Bitcoin systems is more powerful than banks and also provides more facility during BTC transactions. So people love more BTC than banks.
in my opinion, BANK can not be vanished by bitcoin. we know all that the BANK is controlled by a government, and if something bad happens to the BANK, then the government will definitely respond. while bitcoin, this is not controllable, if BANK is replaced with bitcoin, who will be responsible if something bad happens to bitcoin !!!
Banks are subject to regulations but governmetns are not directly controlling private banks. If you talk about government banks and some central banks, this might be true. Bitcoin cannot be controlled by the central powers and that's why they fear it.
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