Can Bitcoin make Banks disappear? - page 244.

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Quote from: PokerFace3 on July 17, 2016, 01:40:48 PM

Quote from: shugareward on July 17, 2016, 10:20:25 AM

In the far far future, because banks are very big organisations and its obvious that banks are putting a lot of effort to fight with growing bitcoin popularity.

I too believe that Bitcoins can disappear banks but not that fast. The banking system is trying hard to push back cryptocurrency. But this won't be happening. Banks can make bitcoins harder to access. I think eventually Banks wont be able to stand against bitcoins.

Seriously, what makes you think that Bitcoin stand a chance against mighty banks, and indirectly the governments as they support fiat banks?

Governments will never allow Bitcoin to come even close to damaging their in full control banking system.

If Bitcoin comes too close, then governments will force banks to adopt new rules and policies regarding Bitcoin usage, and maybe even a total ban for companies to do any kind of Bitcoin related business.

That's why I prefer Bitcoin to be and stay an alternative option to fiat currencies and banks as that will suit a lot Bitcoiners much better.

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Quote from: shugareward on July 17, 2016, 10:20:25 AM

In the far far future, because banks are very big organisations and its obvious that banks are putting a lot of effort to fight with growing bitcoin popularity.

I too believe that Bitcoins can disappear banks but not that fast. The banking system is trying hard to push back cryptocurrency. But this won't be happening. Banks can make bitcoins harder to access. I think eventually Banks wont be able to stand against bitcoins.

dragonusa9

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i dont think that bitcoin can make banks disappear, because still the bank that offer something that bitcoin can't match like fast support and guaranteed money keep. and lot of older people nowadays that still thinking the bank is far simple than using bitcoin on internet to cooperate, because they don't want to learn how to use of internet.

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Before asking this question whether btc can replace bank or not.we should check world literacy rate in case of digital currency.
Lets take the current scenario, more than 2/3 of the world(approx) do not about btc(sorry to say but it is true fact).yes btc is rapidly increasing in progress but cant replace the bank.
Bank may take pay payment in the form btc or alt coin.
Note-do not ask for proof as it cant be calculated.

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Quote from: shugareward on July 17, 2016, 10:20:25 AM

In the far far future, because banks are very big organisations and its obvious that banks are putting a lot of effort to fight with growing bitcoin popularity.

And if that is going to happen that is many years before it is going to happen. Because banks are really important for a country.
Without it the country is going to be poor on managing the wealth of a country.
So they are really important and it can't be disappear.

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In the far far future, because banks are very big organisations and its obvious that banks are putting a lot of effort to fight with growing bitcoin popularity.

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Quote from: sishendaoye on July 17, 2016, 10:08:48 AM

Quote from: CoinFoxs on July 17, 2016, 05:10:21 AM

Quote from: PeRo on July 16, 2016, 02:26:22 PM

Bitcoin could make Banks disappear only if it would spread globally and be a global currency which would be used in every single country in the world if you mean disappear everywhere. But that will unfortunately never happen and probably, if it happened, someone would make Bitcoin banks so it would be all the same again.

Bitcoin is becoming popular in the world but i think it will not accepted as a global currency because it is not as much strong to disappear other currency and become global currency.

Banks are doing too much work fighting against bitcoin. Which makes it hard for bitcoin to compete with them.
People want them to dissapear but banks are just too powerfull

Of course banks are going to do that. Because if they are not going to fight against bitcoin. They are going to lose some clients that are loyal to them.
And going to try the use of bitcoin. And when they have experienced the use of bitcoin in convenience for sure they are going to recommend it again to the other bank users.

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Quote from: CoinFoxs on July 17, 2016, 05:10:21 AM

Quote from: PeRo on July 16, 2016, 02:26:22 PM

Bitcoin could make Banks disappear only if it would spread globally and be a global currency which would be used in every single country in the world if you mean disappear everywhere. But that will unfortunately never happen and probably, if it happened, someone would make Bitcoin banks so it would be all the same again.

Bitcoin is becoming popular in the world but i think it will not accepted as a global currency because it is not as much strong to disappear other currency and become global currency.

Banks are doing too much work fighting against bitcoin. Which makes it hard for bitcoin to compete with them.
People want them to dissapear but banks are just too powerfull

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Quote from: CoinFoxs on July 17, 2016, 05:10:21 AM

Quote from: PeRo on July 16, 2016, 02:26:22 PM

Bitcoin could make Banks disappear only if it would spread globally and be a global currency which would be used in every single country in the world if you mean disappear everywhere. But that will unfortunately never happen and probably, if it happened, someone would make Bitcoin banks so it would be all the same again.

Bitcoin is becoming popular in the world but i think it will not accepted as a global currency because it is not as much strong to disappear other currency and become global currency.

maybe your reason is wrong, for me, bitcoin is made became a companion of the real currency or similarly we called them money. can make us never doubt and worried with the distance for making any transaction.

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Quote from: PeRo on July 16, 2016, 02:26:22 PM

Bitcoin could make Banks disappear only if it would spread globally and be a global currency which would be used in every single country in the world if you mean disappear everywhere. But that will unfortunately never happen and probably, if it happened, someone would make Bitcoin banks so it would be all the same again.

Bitcoin is becoming popular in the world but i think it will not accepted as a global currency because it is not as much strong to disappear other currency and become global currency.

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Quote from: Omegasun on July 16, 2016, 02:30:54 PM

I dont think so. Banks are the main foundation of our currency that we use now. It is impossible for them to disappear. Maybe in the future, banks is also accepting btc to be deposit.

True, the Bank is the main foundation for the release of any money that we now use. It will be a big problem if the Bank eliminates. Because without a bank we can not Exchange existing currency and could not get a details about the money we use, not only that money without a bank that we use will be useless.

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Quote from: Strongkored on July 16, 2016, 11:03:18 PM

Quote from: dotajhay on July 16, 2016, 09:46:26 PM

maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

Yes I agree if the bank can indeed lost its popularity because bitcoin. I think we could have reduced the value of money in bitcoin, for example if the price of bitcoin down the value of our money is going down but its bitcoin number will remain the same, right?
So the conclusion bitcoin and banks have advantages and disadvantages of each, but I think the bank will not disappear as long as we are still using the fiat: D

Not even if the price of bitcoin down it does not affect the price of money in reality. If the price of bitcoin dropped it because of fluctuations and at a very reasonable bitcoin if fluctuate. Banks will not lose its popularity because it would always be updated. Banks will not be made disappear by bitcoin.

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If this Currency will be introduced to all of the people, its possible that this Currency can make Banks disappear. Why ? Because as we know, the bank for bitcoin is online. But it depends on what the society will do. If they will accept it as an international currency or not. But this will take years or decades before this currency can make Banks Disappear. But there are pro's and con's if this will make it possible. This currency can be easily robbed because that's only an account. If they will know your account then all of your earnings will be robbed. But the pro for this is its light and fast. Just a swipe of your card and poof, you can now buy groceries, things and pay some bills and services.

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Don't you think that banks have nothing to do with Bitcoin?
Banks will get abolished but Bitcoin will not. Because the owners are us.

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Quote from: dotajhay on July 16, 2016, 09:46:26 PM

maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

Yes I agree if the bank can indeed lost its popularity because bitcoin. I think we could have reduced the value of money in bitcoin, for example if the price of bitcoin down the value of our money is going down but its bitcoin number will remain the same, right?
So the conclusion bitcoin and banks have advantages and disadvantages of each, but I think the bank will not disappear as long as we are still using the fiat: D

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Quote from: Mr. Big on July 16, 2016, 09:57:20 PM

Quote from: dotajhay on July 16, 2016, 09:46:26 PM

maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

That's not true, banks will never disappear just because of the popularity of bitcoin and ease of use..Bank is not just getting money from you, better have knowledge about banks first before you say that... If you are depositing in the banks, you agreed in the terms and conditions and it is stated in there, the reason why..

That is rigjt, and more reason is loan. We know that we cant make loan just everywhere here. Plus without this community loans are impossible. Banks can do that and you just have to go to their place and fill up some form.

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Quote from: Omegasun on July 16, 2016, 02:30:54 PM

I dont think so. Banks are the main foundation of our currency that we use now. It is impossible for them to disappear. Maybe in the future, banks is also accepting btc to be deposit.

I totally agree with this.. Giving the fact that bitcoin has it's limits of production in near future while fiat money of each country can be limitless according to the growth of the economy. The near to fact would be that the banks will have chances of adopting bitcoin in their services than the former will disappear.

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Quote from: dotajhay on July 16, 2016, 09:46:26 PM

maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

That's not true, banks will never disappear just because of the popularity of bitcoin and ease of use..Bank is not just getting money from you, better have knowledge about banks first before you say that... If you are depositing in the banks, you agreed in the terms and conditions and it is stated in there, the reason why..

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maybe in future the bank will lost due to popularity of bitcoins because you can easily store money in your bitcoin wallet without decreasing your money and stable transaction not like in the bank.

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Quote from: Omegasun on July 16, 2016, 02:30:54 PM

I dont think so. Banks are the main foundation of our currency that we use now. It is impossible for them to disappear. Maybe in the future, banks is also accepting btc to be deposit.

well yeah, banks play a huge role in our life i think and it is vital to have them right now though in the future i think that things might change and we might see bitcoin taking over

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