Can Bitcoin make Banks disappear? - page 25.

Hateculd75

jr. member

Activity: 34

Merit: 1

Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

yes, [Dream bitcoin] will bank banks disappear it is good to buy/sell with instant transaction and low fee.
we need to stay long time to have this answer

Chainblock

full member

Activity: 168

Merit: 102

In my opinion the current bitcoin system and shape can not completely make banks disappear or change the economical system in such a way, I think they may coexist together and each cover a part of the financial field.

Airdrop Manager

member

Activity: 73

Merit: 10

Making banks get disappeared is not simple. From the observation I understood the banks might increase their technological development, else banks which adapt bitcoin technology would come into existence.

moetimas

full member

Activity: 221

Merit: 100

Quote from: jankekek on January 03, 2018, 07:13:54 AM

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 !!!

BobbyZounours

newbie

Activity: 48

Merit: 0

I dont think that it can happen. Many people doesnt even know what Bitcoin is.
And people need some normal banks too. They dont know the online wallets.

congtuan001122asd

full member

Activity: 186

Merit: 100

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.

Anti-Cen

member

Activity: 210

Merit: 26

High fees = low BTC price

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.

amadocuaresma

newbie

Activity: 59

Merit: 0

I don't really think so. Maybe a lot of people may use bitcoins but banks can adjust on the currency of what are people using..

Maxcrypto1990

jr. member

Activity: 54

Merit: 29

I agree, Banks won't dissapear. They will adapt to the changes. There is the chance that smaller banks might dissapear but the large ones won't.

More likely they will create their own blockchains or tokens. Just look at what Putin's minister is suggesting, for a government to create their own digital currency (ruble). Mainstream economy will adapt to and or adopt the new technologies, but as in most cases there will be the stragglers that will be left behind.

Coyoteerex09

jr. member

Activity: 71

Merit: 3

It can't never happen. The bank will not disappear because of bitcoin. I think the bank will make ways on how to adapt bitcoin into their system. Some of the banks right now are already accepting payments through bitcoin.

nicolesalv

jr. member

Activity: 252

Merit: 4

Ethereum Limited Edition ICO

Quote from: subcypher on January 11, 2016, 09:48:18 PM

Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.

Yeah true. It won't go away, maybe less bank transactions but to be totally not existing anymore ? It is very impossible . Bitcoin is there to earn extra money or to have investment but not to replace the bank eventhough there are bitcoins transactions rhat it doesn't need the bank to cash it out but then there are also lots of stuffs that bank has to do with people transactions. People need banks like banks need people to invest as well.

handsomes

member

Activity: 238

Merit: 10

No, the bitcoin can not disappear simply because it is a cash money in the technology it means base on computer however blockchain technology can be improved because of its increase the bank can not be lost .

cx_primo

newbie

Activity: 32

Merit: 0

This days not possible because of to many currency are showing in BTC or Blockchain so we must prepare that its not only btc cn produce its own currency. Just wait for another 3 year and then the possibility is on.

sksshopee

newbie

Activity: 176

Merit: 0

I think Bitcoin will not disappear because after few year banks were also accepting bitcoin due to peoples choice to transfer the money in all over the world or also purchasing house hold goods from that.

Gheka

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Merit: 501

DGbet.fun - Crypto Sportsbook

Quote from: jankekek on January 03, 2018, 07:13:54 AM

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.

I do not think so, you should compare the number of bitcoin users and the number of bank users worldwide, you will have the answer to this question, we will easily see the bank beat the bitcoin in terms of number of users and trust, Bitcoin is still just a place for people to make money, it can not be a place to store money, it is too risky and unreliable. Therefore, the bank will not disappear, it will still exist for a long time, bitcoin can not affect the position of the bank, it does not have sufficient capacity and the government will not allow it to do things that affect the economy of their country

lhvleao

full member

Activity: 476

Merit: 128

Banks are here to serve the society. When people realize that they don't need banks anymore, I'm sure that they will lose their power and eventually disappear

heureca

sr. member

Activity: 658

Merit: 250

In my mind bitcoin can't replace bank system. However, blockchain technology could be integrated in bank system to improve it

blackbutterfly

member

Activity: 109

Merit: 10

Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

Ask of my opinion bitcoin doesn't disappear banks because in our society everywhere in the world Bank is very important to people.because banks is the only way people know how they can save their money for sure.bank is much popular than Bitcoin to those people who didn't know about this.so I think,bank is always going steady.t hey didn't know about bitcoin especially to those who old people.

Red Fire

member

Activity: 189

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Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

No, bitcoin can't make banks disappear because there are many things that bitcoin can't make while banks do, like storing money that can be borrowed by other people. And also banks can produce money, any banks can do it while bitcoins can't be produce by anyone.

lfc_san

member

Activity: 132

Merit: 10

Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

I am not sure if the bank will disappear with the bitcoin because not all people understand about bitcoin and not all also understand the technology. Could be Bitcoin may be currently recognized by the upper middle class.

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