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Topic: Can Bitcoin make Banks disappear? - page 246. (Read 427614 times)

full member
Activity: 196
Merit: 100
July 15, 2016, 01:31:27 PM
I don't think so, because if bitcoin become popular, i'm sure bank will try adopted bitcoin and it makes both bitcoin and banks got big advantage for both.
yes i am also thinking so. if the banks will accept bitcoin. it will be in the favour of both bitcoin and banks. people will use banks for bitcoin transection. and it will be better in the favour of banks.
legendary
Activity: 1232
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July 15, 2016, 01:00:26 PM
I don't think so, because if bitcoin become popular, i'm sure bank will try adopted bitcoin and it makes both bitcoin and banks got big advantage for both.

I don't think banks will ever adopt Bitcoin alongside fiat. But on another note, I don't want banks to adopt Bitcoin. I can already see them block/freeze accounts due to "suspicions" that you have gotten your coins by doing fraudulent things or theft. I am happy that Bitcoin gives me the opportunity of owning my wealth in full. No need for banks to adopt Bitcoin.
sr. member
Activity: 434
Merit: 250
July 15, 2016, 12:49:01 PM
I don't think so, because if bitcoin become popular, i'm sure bank will try adopted bitcoin and it makes both bitcoin and banks got big advantage for both.
hero member
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July 15, 2016, 12:45:32 PM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.

Till Government is alive, banks will be alive too, as both of them have a good partnership since long time to cheat people and it will be followed in future too.

I totally agree with this, as long as there is government , banks will always be there and never go become dead. Because the government is earning big amount of income because of banks.
And it is one of the legal ways to get money from people. But it is impossible for bitcoin to make banks disappear.
by the way bitcoin is not going to disappear banks. but bitcoin will make bank more stable and more profitable. because when the banks will accept bitcoin people will use banks for trisection and for sending bitcoin from one place to another.

yeah bank will be around even  bitcoin succesfully replaced fiat money( just making a sample scenario here)  bank isn't only used to store money or transact money.  It is also used to  store several precious items.  Yes bank as a vault.  So even money gone,  bank will stay around for this functions.
Yes bank provide us safety and security.Wallets also do but we hear about wallets being hacked and btc stolen then there is no where to go we cant get our money back but there is surety in bank.There is no chance we that our money can be stolen from our bank account

You are right, banks guarantee for the security of our money and we cab get back our money even when the bank loot out, I will say bitcoin do not need to replace banks but will need to make place for itself in banks.
legendary
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July 15, 2016, 12:40:18 PM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.

Till Government is alive, banks will be alive too, as both of them have a good partnership since long time to cheat people and it will be followed in future too.

I totally agree with this, as long as there is government , banks will always be there and never go become dead. Because the government is earning big amount of income because of banks.
And it is one of the legal ways to get money from people. But it is impossible for bitcoin to make banks disappear.
by the way bitcoin is not going to disappear banks. but bitcoin will make bank more stable and more profitable.
Bitcoin will never make bank disappear because just looking for the fact. they having a relationship between the bank with their fiat and bitcoin. And bitcoin will never make bank stable basically the system of bank and bitcoin is very different, but the bank can taking or adopt some system from bitcoin to make improvements for their system.
full member
Activity: 238
Merit: 100
July 15, 2016, 12:33:51 PM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.

Till Government is alive, banks will be alive too, as both of them have a good partnership since long time to cheat people and it will be followed in future too.

I totally agree with this, as long as there is government , banks will always be there and never go become dead. Because the government is earning big amount of income because of banks.
And it is one of the legal ways to get money from people. But it is impossible for bitcoin to make banks disappear.
by the way bitcoin is not going to disappear banks. but bitcoin will make bank more stable and more profitable. because when the banks will accept bitcoin people will use banks for trisection and for sending bitcoin from one place to another.

yeah bank will be around even  bitcoin succesfully replaced fiat money( just making a sample scenario here)  bank isn't only used to store money or transact money.  It is also used to  store several precious items.  Yes bank as a vault.  So even money gone,  bank will stay around for this functions.
Yes bank provide us safety and security.Wallets also do but we hear about wallets being hacked and btc stolen then there is no where to go we cant get our money back but there is surety in bank.There is no chance we that our money can be stolen from our bank account
legendary
Activity: 3010
Merit: 1280
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July 15, 2016, 12:26:14 PM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.

Till Government is alive, banks will be alive too, as both of them have a good partnership since long time to cheat people and it will be followed in future too.

I totally agree with this, as long as there is government , banks will always be there and never go become dead. Because the government is earning big amount of income because of banks.
And it is one of the legal ways to get money from people. But it is impossible for bitcoin to make banks disappear.
by the way bitcoin is not going to disappear banks. but bitcoin will make bank more stable and more profitable. because when the banks will accept bitcoin people will use banks for trisection and for sending bitcoin from one place to another.

yeah bank will be around even  bitcoin succesfully replaced fiat money( just making a sample scenario here)  bank isn't only used to store money or transact money.  It is also used to  store several precious items.  Yes bank as a vault.  So even money gone,  bank will stay around for this functions.
sr. member
Activity: 252
Merit: 250
July 15, 2016, 12:10:55 PM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.

Till Government is alive, banks will be alive too, as both of them have a good partnership since long time to cheat people and it will be followed in future too.

I totally agree with this, as long as there is government , banks will always be there and never go become dead. Because the government is earning big amount of income because of banks.
And it is one of the legal ways to get money from people. But it is impossible for bitcoin to make banks disappear.
by the way bitcoin is not going to disappear banks. but bitcoin will make bank more stable and more profitable. because when the banks will accept bitcoin people will use banks for trisection and for sending bitcoin from one place to another.
member
Activity: 112
Merit: 10
July 15, 2016, 09:16:20 AM
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?



nothing bitcoin can't will disposition bank conventional
is bank is run bussines
bank saving real money exchange real money loan lending is bussiner real if real money liquuid
is bitcoin not liquid payment
hero member
Activity: 3024
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July 15, 2016, 08:48:51 AM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.

Till Government is alive, banks will be alive too, as both of them have a good partnership since long time to cheat people and it will be followed in future too.

I totally agree with this, as long as there is government , banks will always be there and never go become dead. Because the government is earning big amount of income because of banks.
And it is one of the legal ways to get money from people. But it is impossible for bitcoin to make banks disappear.
legendary
Activity: 980
Merit: 1000
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July 15, 2016, 08:46:24 AM
Although Bitcoin offers competition to the banks, I highly doubt it will replace it in our lifetimes.

Agree with that also. Hard work have been done to establish those industry and it will also be a long time before someone or something could make it fall. That is just not that easy.
It is not even close to that. bitcoin is so far far away from taking place of banks. the world is running with help of banks and real currency..
I don't even think bitcoin creators thought about it so. they created bitcoin as just a decentralized currency. not for kill all other currency.



Banks have support from the Government and society and people who are not aware about bitcoin will stand tall with banks and will never allow bitcoin to take place of banks.

Thats true. bitcoin can not replace banks. but yes we can say that bitcoin may replace all other online payment systems. it is also so much hard but it is at least not impossible.
hero member
Activity: 910
Merit: 500
July 15, 2016, 08:36:42 AM
nope i dont think so the best part of it that i am actually thinking instead of letting banks disappear because of bitcoin is that they might be going to adopt bitcoin and allows user to transfer bitcoins from wallet to banks and vise versa
i also think so. i think bitcoin cannot disappear bank. but it will be approved by the government and the bank will also do accept bitcoin in banks. so we can say that bank will not disappear but they will adjust bitcoin.

Bitcoin is an threat to banking system and it is a tough competitor for them, so I don't think banks will shake hands with bitcoin ever in future, banks will always dominate  the world.

Well in some ways you are correct but i have read some articles on bitcoim related that the national bank of the government here in the Philippines is planning to used bitcoin as because they have said that the volume of bitcoin transaction here is quite affecting the economy so they are planning to legalize this one so possibility right now is high
sr. member
Activity: 714
Merit: 250
July 15, 2016, 02:44:08 AM
Bitcoin will not make banks disappear, it will change the way the world banks.
Yes the banks have been here for a long time and gained trust of almost every people.  Furthermore the elite are still standing in the way of the rise of btc. So it is nearly impossible for btc to vanish banks.


Yeah and bitcoin is not yet that powerful that it can replace strong financial institution like banks, as banks holds support from the Government and they will never allow bitcoin to get on the mainstream.

The other point is that banks have much more matters, deals and affairs other than saving our money so if people start to put their money in bitcoin then banks will still work for the government and other organizations to assist them in their financial matters.
Yes absolutely right bank is needed in government and making people use the bank. Very unlikely to make disappear the bank because the bank can certainly maintain his fame in the community. The Bank will continue to update and will not be outdated.
hero member
Activity: 3010
Merit: 629
July 15, 2016, 01:14:33 AM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.
Yes it wont disappear, banks are not just the safe-keeper of our money, but when need arises we can take loans according to our needs. and no matter how popular bitcoin is when it comes to physical money the final word and the trust of people will goes to bank.
hero member
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July 15, 2016, 01:04:15 AM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.

Till Government is alive, banks will be alive too, as both of them have a good partnership since long time to cheat people and it will be followed in future too.

Strong words which is the truth. Why would they want to get that position badly. Simply because there is money there. And those banks will be the one who will be hiding their cheat money. That is why it is impossible to make them just disappear.

I agree with you, banks are the ones keeping the government officials cheats and secrets...Bank secrecy law is also one of the best features of the banks that in favors those who wants to deny what they are doing, that is why bank is still alive and been backed by the governments...
legendary
Activity: 2940
Merit: 1083
July 15, 2016, 12:11:26 AM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.

Till Government is alive, banks will be alive too, as both of them have a good partnership since long time to cheat people and it will be followed in future too.

Strong words which is the truth. Why would they want to get that position badly. Simply because there is money there. And those banks will be the one who will be hiding their cheat money. That is why it is impossible to make them just disappear.
hero member
Activity: 907
Merit: 500
July 14, 2016, 04:30:50 PM
Bitcoin will not make banks disappear, it will change the way the world banks.
Yes the banks have been here for a long time and gained trust of almost every people.  Furthermore the elite are still standing in the way of the rise of btc. So it is nearly impossible for btc to vanish banks.


Yeah and bitcoin is not yet that powerful that it can replace strong financial institution like banks, as banks holds support from the Government and they will never allow bitcoin to get on the mainstream.

The other point is that banks have much more matters, deals and affairs other than saving our money so if people start to put their money in bitcoin then banks will still work for the government and other organizations to assist them in their financial matters.
hero member
Activity: 840
Merit: 1000
July 14, 2016, 04:29:22 PM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.

Till Government is alive, banks will be alive too, as both of them have a good partnership since long time to cheat people and it will be followed in future too.
full member
Activity: 196
Merit: 100
July 14, 2016, 04:22:11 PM
Banks will not dissapear because of bitcoin.How we will withdrawal our money then?Gorvements are supporting corrupted bankd im their dirty business so they can live forever.
hero member
Activity: 714
Merit: 500
July 14, 2016, 04:09:04 PM
nope i dont think so the best part of it that i am actually thinking instead of letting banks disappear because of bitcoin is that they might be going to adopt bitcoin and allows user to transfer bitcoins from wallet to banks and vise versa
i also think so. i think bitcoin cannot disappear bank. but it will be approved by the government and the bank will also do accept bitcoin in banks. so we can say that bank will not disappear but they will adjust bitcoin.

Bitcoin is an threat to banking system and it is a tough competitor for them, so I don't think banks will shake hands with bitcoin ever in future, banks will always dominate  the world.
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