Can Bitcoin make Banks disappear? - page 249.

fkvidar

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Quote from: CoinFoxs on July 08, 2016, 04:02:20 AM

It is not possible that bank will disappear because the reason behind this is that bitcoin is not as much popular in the world and if it happens than bank will change their way of dealing and deal with bitcoins but they will not disappear in any case.

Yeah banks will always stay and not easy that it will simply disappear, banks are strongest financial institution that we have and bitcoin is too small comparatively, and people have more faith in banks in compare to bitcoins.

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It is not possible that bank will disappear because the reason behind this is that bitcoin is not as much popular in the world and if it happens than bank will change their way of dealing and deal with bitcoins but they will not disappear in any case.

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Quote from: beerlover on July 08, 2016, 03:03:56 AM

Quote from: eddyubachs on July 06, 2016, 04:37:36 AM

Quote from: drwtsn32 on July 06, 2016, 04:34:37 AM

I don't think so. Banks are the foundation of money in general.
Soon enough, banks may actually use bitcoin as one of the main currencies.

That is possible that banks will start adopting bitcoin, but there is no chance that bitcoin can replace banks as the size of banking system is too huge, comparatively bitcoin is still too small.

Yep. The bitcoin market cap is just too small to even challenge all banks.
There are already banks in London that are thinking of adopting bitcoins. Just look it up in your search engines and you will surely be able to find those news.

True, unless bitcoin exponentially increases the market cap, which would seem impossible because of how high the difficulty would have to rise for new blocks to be mined. I think it would make banks stronger if banks utilized bitcoin in their business.

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Quote from: eddyubachs on July 06, 2016, 04:37:36 AM

Quote from: drwtsn32 on July 06, 2016, 04:34:37 AM

I don't think so. Banks are the foundation of money in general.
Soon enough, banks may actually use bitcoin as one of the main currencies.

That is possible that banks will start adopting bitcoin, but there is no chance that bitcoin can replace banks as the size of banking system is too huge, comparatively bitcoin is still too small.

Yep. The bitcoin market cap is just too small to even challenge all banks.
There are already banks in London that are thinking of adopting bitcoins. Just look it up in your search engines and you will surely be able to find those news.

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Quote from: BitMaxz on July 07, 2016, 05:19:47 PM

Quote from: 2legit2 on July 07, 2016, 04:18:07 PM

Quote from: Altcoinsupporter on July 07, 2016, 04:11:22 PM

Quote from: trickshot22 on July 07, 2016, 03:33:05 PM

Quote from: hendra147 on July 06, 2016, 11:42:48 PM

because bank can't control bitcoin, bank can't freeze bitcoin account, bank can't blocking bitcoin transaction.
but in fact blockchain, the technology behind bitcoin make bank interesting to adopt it.

well thats true though governments can just ban bitcoins and most people wouldnt use it then in my opinion, i think it would be great if banks disappeared because of the bitcoins

They can ban the bitcoin but they are not gonna do this for sure, I really think there is no such chance that they will.
They have no reason for it and they can also not stop it even if they are banning it.

actually there is a huge chance of htis happening, in my opinion governments might do this in order save the banks and that would be really bad for the bitcoin community

I think its no chance that bitcoin will be ban its different in banks because you can use banks only for local not international unlike bitcoin.. bitcoin is just the same as paypal.. we are using bitcoin for transaction paying for service or buy something online.. so no banks involve.. and i think its a perfect couple if banks and bitcoin will partner business they will use bitcoins for online and if someone withdraw bitcoin to fiat they can easily withdraw bitcoin in their banks..

They should really connect with bitcoin. This is another profit from them. No loss will come. Businesses would want bitcoin to be back in fiat and here they enter with a little percentage of what is exchanged.

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Quote from: 2legit2 on July 07, 2016, 04:18:07 PM

Quote from: Altcoinsupporter on July 07, 2016, 04:11:22 PM

Quote from: trickshot22 on July 07, 2016, 03:33:05 PM

Quote from: hendra147 on July 06, 2016, 11:42:48 PM

because bank can't control bitcoin, bank can't freeze bitcoin account, bank can't blocking bitcoin transaction.
but in fact blockchain, the technology behind bitcoin make bank interesting to adopt it.

well thats true though governments can just ban bitcoins and most people wouldnt use it then in my opinion, i think it would be great if banks disappeared because of the bitcoins

They can ban the bitcoin but they are not gonna do this for sure, I really think there is no such chance that they will.
They have no reason for it and they can also not stop it even if they are banning it.

actually there is a huge chance of htis happening, in my opinion governments might do this in order save the banks and that would be really bad for the bitcoin community

I think its no chance that bitcoin will be ban its different in banks because you can use banks only for local not international unlike bitcoin.. bitcoin is just the same as paypal.. we are using bitcoin for transaction paying for service or buy something online.. so no banks involve.. and i think its a perfect couple if banks and bitcoin will partner business they will use bitcoins for online and if someone withdraw bitcoin to fiat they can easily withdraw bitcoin in their banks..

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Quote from: Altcoinsupporter on July 07, 2016, 04:11:22 PM

Quote from: trickshot22 on July 07, 2016, 03:33:05 PM

Quote from: hendra147 on July 06, 2016, 11:42:48 PM

because bank can't control bitcoin, bank can't freeze bitcoin account, bank can't blocking bitcoin transaction.
but in fact blockchain, the technology behind bitcoin make bank interesting to adopt it.

well thats true though governments can just ban bitcoins and most people wouldnt use it then in my opinion, i think it would be great if banks disappeared because of the bitcoins

They can ban the bitcoin but they are not gonna do this for sure, I really think there is no such chance that they will.
They have no reason for it and they can also not stop it even if they are banning it.

actually there is a huge chance of htis happening, in my opinion governments might do this in order save the banks and that would be really bad for the bitcoin community

Altcoinsupporter

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Quote from: trickshot22 on July 07, 2016, 03:33:05 PM

Quote from: hendra147 on July 06, 2016, 11:42:48 PM

because bank can't control bitcoin, bank can't freeze bitcoin account, bank can't blocking bitcoin transaction.
but in fact blockchain, the technology behind bitcoin make bank interesting to adopt it.

well thats true though governments can just ban bitcoins and most people wouldnt use it then in my opinion, i think it would be great if banks disappeared because of the bitcoins

They can ban the bitcoin but they are not gonna do this for sure, I really think there is no such chance that they will.
They have no reason for it and they can also not stop it even if they are banning it.

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Quote from: hendra147 on July 06, 2016, 11:42:48 PM

because bank can't control bitcoin, bank can't freeze bitcoin account, bank can't blocking bitcoin transaction.
but in fact blockchain, the technology behind bitcoin make bank interesting to adopt it.

well thats true though governments can just ban bitcoins and most people wouldnt use it then in my opinion, i think it would be great if banks disappeared because of the bitcoins

sobsitesearch

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As of now i do not see the bank will disappear due to popularization of bitcoin because bank always updated in the field of currency and i think they already know about the value of bitcoin right now and they already have a plan for bitcoin.

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Quote from: hendra147 on July 06, 2016, 11:42:48 PM

because bank can't control bitcoin, bank can't freeze bitcoin account, bank can't blocking bitcoin transaction.
but in fact blockchain, the technology behind bitcoin make bank interesting to adopt it.

Banks can easily control bitcoin but the problem is that they do not start to work on bitcoin, if they start to work on bitcoin they will easily provide a way for its control, and if they only create their wallets then they will also be able to do some control on bitcoin.

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Soon, I have to go away.

When a governments gives banks a bailout, to stop them from going bankrupt so to speak.

Do you people understand who actually pays this money to the Ponzi banks?
I urge you to go find out.

DavidoAlto

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No bitcoin cannot let banks disappear these days, this would be so ridiculous in my eyes because banks are way too big.
The bitcoin is really depending on stockings and banks that are using the dollar so right now its note even possible.

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Quote from: leonix007 on July 07, 2016, 06:23:22 AM

Possible If and only if they will ignore the existence of blockchain technology, I've heard of other companies putting up business on virtual money if the banks continue to ignore this then it will surely heat on their head straight and will left behind, and the thing that they could do is to go allied with government and declare such technology as illegal. Lol

The banks will be stronger if they use the block chain technology. They will be even stronger if they use the bitcoin.

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Possible If and only if they will ignore the existence of blockchain technology, I've heard of other companies putting up business on virtual money if the banks continue to ignore this then it will surely heat on their head straight and will left behind, and the thing that they could do is to go allied with government and declare such technology as illegal. Lol

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Quote from: DavidoAlto on July 07, 2016, 05:57:23 AM

Quote from: hendra147 on July 06, 2016, 11:42:48 PM

because bank can't control bitcoin, bank can't freeze bitcoin account, bank can't blocking bitcoin transaction.
but in fact blockchain, the technology behind bitcoin make bank interesting to adopt it.

You are right, I think the bitcoin can honestly not do this because of the fact that the bitcoin is too small and the banks have way more power.
I honestly think that the bitcoin is gonna be close to it but people cannot stop with using banks in my eyes..

That's right bank is very strong that bitcoin bank could not make disappear. People can not escape from the bank because it is very safe to save money there and for a country's economic activity. It is highly unlikely the bank disappeared.

hermanhs09

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Quote from: DavidoAlto on July 07, 2016, 05:57:23 AM

Quote from: hendra147 on July 06, 2016, 11:42:48 PM

because bank can't control bitcoin, bank can't freeze bitcoin account, bank can't blocking bitcoin transaction.
but in fact blockchain, the technology behind bitcoin make bank interesting to adopt it.

You are right, I think the bitcoin can honestly not do this because of the fact that the bitcoin is too small and the banks have way more power.
I honestly think that the bitcoin is gonna be close to it but people cannot stop with using banks in my eyes..

This time i dont agree with you,i really doubt that bitcoin will be closed or is going to die.
We cant kill banks with bitcoin,but it may happen some day with a loads of luck,if btc price would really sky rocket,and a really big %
of world's population would use it!

DavidoAlto

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Quote from: hendra147 on July 06, 2016, 11:42:48 PM

because bank can't control bitcoin, bank can't freeze bitcoin account, bank can't blocking bitcoin transaction.
but in fact blockchain, the technology behind bitcoin make bank interesting to adopt it.

You are right, I think the bitcoin can honestly not do this because of the fact that the bitcoin is too small and the banks have way more power.
I honestly think that the bitcoin is gonna be close to it but people cannot stop with using banks in my eyes..

Imoote

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Quote from: Corenin on July 07, 2016, 02:47:37 AM

Quote from: PokerFace3 on July 07, 2016, 02:44:52 AM

Quote from: stadus on July 05, 2016, 03:26:10 PM

Quote from: ardentvolcanoes on July 04, 2016, 09:56:40 AM

it is much impossible for bitcoin to make banks disappear because bitcoin price still relying on the real currencies and if banks will disappear because of bitcoin it would be our new currency and it is not a good idea because it doesn't have a stable price and it cannot be the same as the fiat .

If the bitcoin is a good transaction tool to cut the banking cost and make them more profit, the banks will use it.

Bitcoins is absolutely a good transaction tool to cut the banking cost. But I doubt if the banks would easily use bitcoins. As many people don't know banks become from lending money that don't really have. So, bitcoins are big problem for them. As long as there are other currencies Banks will hold it's ground and many us hard to use bitcoins.

The fact is people are not aware about bitcoin yet so they don't have any other option but to use banks for their financial transactions, users of bitcoin will be higher in future but banks will always stay and won't get disappear so easily.

Yeah right bitcoin will not be able to eliminate the bank because the bank certainly very necessary to save money. And banks are able to follow the development of time so as not to lose. The reality of people using bitcoin also use a bank, like me. Because I think both have their uses, respectively.

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Quote from: PokerFace3 on July 07, 2016, 02:44:52 AM

Quote from: stadus on July 05, 2016, 03:26:10 PM

Quote from: ardentvolcanoes on July 04, 2016, 09:56:40 AM

it is much impossible for bitcoin to make banks disappear because bitcoin price still relying on the real currencies and if banks will disappear because of bitcoin it would be our new currency and it is not a good idea because it doesn't have a stable price and it cannot be the same as the fiat .

If the bitcoin is a good transaction tool to cut the banking cost and make them more profit, the banks will use it.

Bitcoins is absolutely a good transaction tool to cut the banking cost. But I doubt if the banks would easily use bitcoins. As many people don't know banks become from lending money that don't really have. So, bitcoins are big problem for them. As long as there are other currencies Banks will hold it's ground and many us hard to use bitcoins.

The fact is people are not aware about bitcoin yet so they don't have any other option but to use banks for their financial transactions, users of bitcoin will be higher in future but banks will always stay and won't get disappear so easily.

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