Can Bitcoin make Banks disappear? - page 250.

PokerFace3

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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.

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Quote from: JeffBrad12 on July 07, 2016, 01:28:20 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.

Bank is never interested with bitcoin but the bank is interested in the system, is used by bitcoin, for now, some bank institution is starting to adopt the blockchain system. The bank will try to give a different offer to their customer with the new system. let's see the bank a new system.

Banks do not want to admit the existence of bitcoin, but look forward to when they themselves will be able to adopt a bitcoin technology. Do banks understand that without the existence of bitcoin will not blokchain? These banks see endless possibilities in which they will potentially save millions of dollars a year by using the much more rapid, economical and safe alternative to existing infrastructure that is made possible by digital currencies that they are trying to ignore.

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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.

Bank is never interested with bitcoin but the bank is interested in the system, is used by bitcoin, for now, some bank institution is starting to adopt the blockchain system. The bank will try to give a different offer to their customer with the new system. let's see the bank a new system.

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Quote from: Wendigo on July 06, 2016, 02:07:08 AM

Bitcoin vs Banks seems to be the never-ending battle around here. I think the future lies in cooperation and integration and not into assimilation and disintegration if you know what I mean. Banks have been around for so long and even they are implementing Blockchain technology in their systems because the addition of different technologies will make the final product better and benefit the end user. I think we should stop with this animosity and think outside the box. It's not about them vs us. On the contrary, it's more about how we could benefit from all the cards on the table.

I will go with this comment. I see a good future for the two. And we dont even know what projects are now at hand for those banks. Maybe they are now starting something that would benefit them also through this technology or maybe it is already done. If there is a thing that is getting popular specially when it is regarding money they wouldn't want to be late about it.

hendra147

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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.

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Quote from: sobsitesearch on July 06, 2016, 07:59:28 PM

Quote from: jossiel on July 06, 2016, 07:35:43 PM

Quote from: hermanhs09 on July 06, 2016, 07:11:05 PM

Quote from: Galiatram on July 06, 2016, 03:12:37 AM

There are allot of people telling me that they think that bitcoin can conquer the world and make banks disappear and other bullshit i know you like the bitcoin all but that much
i dont think he will be very big in the future so dont think that.

You might be right indeed,bitcoin have a great future,but well we cannot get over-excited like small kids,
and say that bitcoin will kill banks,poverty and governments,it's just a coin.A special one,but still a coin!

I agree on what you have said, and we can't even tell what is going to happen with bitcoin by that time.
But still banks are needed by a country and it must not be removed by any means.

Thats true bitcoin can not replaced the bank. And we can used the bank for cash out our bitcoin. And we do not know what is the future of bitcoin as of now.
I think bitcoin will absorb by the bank as their another currency if bitcoin would be more popular in the future.

That's totally nuts if bitcoin will make bitcoin disappear in a country. It is more reliable and I'm going to believe if banks will make bitcoin disappear.
I guess that is way possible.
But bitcoins to make banks disappear that is really impossible.

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Quote from: jossiel on July 06, 2016, 07:35:43 PM

Quote from: hermanhs09 on July 06, 2016, 07:11:05 PM

Quote from: Galiatram on July 06, 2016, 03:12:37 AM

There are allot of people telling me that they think that bitcoin can conquer the world and make banks disappear and other bullshit i know you like the bitcoin all but that much
i dont think he will be very big in the future so dont think that.

You might be right indeed,bitcoin have a great future,but well we cannot get over-excited like small kids,
and say that bitcoin will kill banks,poverty and governments,it's just a coin.A special one,but still a coin!

I agree on what you have said, and we can't even tell what is going to happen with bitcoin by that time.
But still banks are needed by a country and it must not be removed by any means.

Thats true bitcoin can not replaced the bank. And we can used the bank for cash out our bitcoin. And we do not know what is the future of bitcoin as of now.
I think bitcoin will absorb by the bank as their another currency if bitcoin would be more popular in the future.

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Quote from: hermanhs09 on July 06, 2016, 07:11:05 PM

Quote from: Galiatram on July 06, 2016, 03:12:37 AM

There are allot of people telling me that they think that bitcoin can conquer the world and make banks disappear and other bullshit i know you like the bitcoin all but that much
i dont think he will be very big in the future so dont think that.

You might be right indeed,bitcoin have a great future,but well we cannot get over-excited like small kids,
and say that bitcoin will kill banks,poverty and governments,it's just a coin.A special one,but still a coin!

I agree on what you have said, and we can't even tell what is going to happen with bitcoin by that time.
But still banks are needed by a country and it must not be removed by any means.

hermanhs09

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Quote from: Galiatram on July 06, 2016, 03:12:37 AM

There are allot of people telling me that they think that bitcoin can conquer the world and make banks disappear and other bullshit i know you like the bitcoin all but that much
i dont think he will be very big in the future so dont think that.

You might be right indeed,bitcoin have a great future,but well we cannot get over-excited like small kids,
and say that bitcoin will kill banks,poverty and governments,it's just a coin.A special one,but still a coin!

woola3

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Quote from: ElpadroBitcoin on July 06, 2016, 09:13:11 AM

Quote from: avw1982 on July 06, 2016, 09:04:17 AM

Quote from: woola3 on July 06, 2016, 08:54:46 AM

I think the banks will be the first to adopt blockchain technology. So, no in the short term banks will win. But in the long term when people start to realize what hides behind this new banking system , bitcoin will be the real winner.

I don't think it can fully make banks disappear or unusable, However I think it can be a huge potential currency in the world mainly online world and be one of the top payment exchange systems in the world.

No way, Banks are b far too powerful for that. They have people lobbying in every government trying to get rid of bitcoin as we speak.
Never will they allow bitcoin to become too big.

Yes, but how can they stop it? I mean they can close trading or selling sites but they can't block the btc network. What if btc builds a blockchain exchange like the one nxt has? I believe cryptocurrencies will be tough opponents, their adaptability is too great for a checkmate move.

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The thing more sure to happen is the real banks offer some service around bitcoin, they can work as some projects with a third companie exchanging the coin at the current market price and bank would get the fiat value, witht the possibility to get the bitcoin value on that day.

ElpadroBitcoin

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Quote from: avw1982 on July 06, 2016, 09:04:17 AM

Quote from: woola3 on July 06, 2016, 08:54:46 AM

I think the banks will be the first to adopt blockchain technology. So, no in the short term banks will win. But in the long term when people start to realize what hides behind this new banking system , bitcoin will be the real winner.

I don't think it can fully make banks disappear or unusable, However I think it can be a huge potential currency in the world mainly online world and be one of the top payment exchange systems in the world.

No way, Banks are b far too powerful for that. They have people lobbying in every government trying to get rid of bitcoin as we speak.
Never will they allow bitcoin to become too big.

avw1982

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Quote from: woola3 on July 06, 2016, 08:54:46 AM

I think the banks will be the first to adopt blockchain technology. So, no in the short term banks will win. But in the long term when people start to realize what hides behind this new banking system , bitcoin will be the real winner.

I don't think it can fully make banks disappear or unusable, However I think it can be a huge potential currency in the world mainly online world and be one of the top payment exchange systems in the world.

Xester

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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?

Bitcoin can not make banks disappear. Banks will just evolve and adjust to the recent financial digital trend using cryptocurrency. The proper term to say is that banks will reduce its power over the currency. Hence they will be focused on lending and other activities but not fully compared to the fiat currency which they rule with supremacy

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Quote from: woola3 on July 06, 2016, 08:54:46 AM

I think the banks will be the first to adopt blockchain technology. So, no in the short term banks will win. But in the long term when people start to realize what hides behind this new banking system , bitcoin will be the real winner.

That is never possible, bitcoin is not yet powerful that it can make strongest financial institution disappear, banks are the first priority of people and it will continue in future too.

woola3

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I think the banks will be the first to adopt blockchain technology. So, no in the short term banks will win. But in the long term when people start to realize what hides behind this new banking system , bitcoin will be the real winner.

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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?

Bitcoin cant make banks disappear because banks are not using bitcoins and otherwise also not they are investing into the bitcoin by them self
so i dont think they would change money into bitcoins.

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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.

i doubt that you are not right about it, banks surely can make a lot of banks disappear, in my opinion it will grow really huge in the future, i think the price will make banks disappear

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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.

I not sure if the bank is possible to adopt bitcoin because bitcoin have a different section with them, maybe they can use the blockchain system to upgrade their system on the bank to improve their service for the customer. I sure bank never interested with bitcoin but they hate bitcoin.

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Quote from: maxg on January 11, 2016, 09:45:41 PM

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?

Banks as WE know it may disappear, but banks generally will not disappear.

off course you would pick the bank for sure. Bitcoin wallet these days are not even secured enough to be used. So people use bank accounts it's many times saver and you can store anything that you want without any risk.

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