Can Bitcoin make Banks disappear? - page 251.

Pwerd

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Quote from: Jet Cash on January 12, 2016, 04:46:56 AM

I think there are two factors here. The banking/debt crisis, and the emergence of crypto-currencies. It won't be Bitcoin that will destroy the banks, it will be the politicians who are taking bribes to allow rubbish derivatives to be created, and then allowing bail-ins for the banks to cover their fraudulent lending, who will cause the demise and re-structuring of banking. Bitcoin will just be one of the emerging solutions/replacements.

Not sure what I'm talking about? Look at the recent permission to allow fracking in the UK, and the bail-in of Cyprus and the Greek banking theft to help DoucheBank.

I just want to use wallets because i pay so many things with bitcoins these days. There are so many stores where i can finally pay with my coins i have so many of them i don't want to hold them for ever so i'm very glad that i could use them to buy all thing in life.

BTCLovingDude

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BTC to the moon is inevitable...

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.

banks will eventually start to accept the fact that bitcoin is greater than they are and if the day comes that bitcoin becomes so much more famous then that day banks will also adopt bitcoin just because they wouldn't want to be left behind.

eddyubachs

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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.

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.

drwtsn32

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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.

Galiatram

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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.

Altcoinmoney

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I dont think this can be true because how do you think they would make banks disappear that the wallets will be the banks i dont think so because
banks make sure that your money is save and wallets not secured.

Wendigo

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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.

lienfaye

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Quote from: akogwapo14 on July 05, 2016, 11:25:09 PM

For me no i think bank will not disappear even all country will use bitcoin . Bank will still use to the people who scared in the volatility in bitcoin and they don't want to lose any single cents when bitcoin go lower. Much better if bank and bitcoin support each other.

Yeah though bitcoins are quite popular but it is still not widely accepted and i think the possibility for bitcoin to make banks disappear are quite low. it would be better if banks realize the potential of bitcoins and come up with a strategy to co exist with bitcoin.

BitcoinPC

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Quote from: boyptc on July 05, 2016, 05:51:58 PM

Quote from: buddu on July 05, 2016, 03:34:27 PM

Bitcoin can not make banks disappear.Bitcoin is cost effective and offer decentralization with freedom of use than banks.the real problem is with its limited supply which can not handle universal demand.This is the reason banks took blockchain technology and preparing them for new eras challenges.Bitcoin will have central position in new co-exist system in future with banks.

I agree it is very hard for bitcoin to make the banks disappear. It is just going to be possible if the whole world is going to use bitcoin.
But as of today, that is very impossible thing to happen.

Things which seems impossible to happen in the present are due to human mind cant see the change coming in the bigger picture.
Once there was bartar system in which people exchanged goods for goods and people at that time could not think that there can be any paper printed cash which will be used for transactions.

Same is the situation with bitcoins. People today think there are a lot of limitations for banks to disappears like there is not technology every where and no internet available all times to process bitcoins and then delay confirmation times etc etc.

Belive me or not, our next generation will see this change. No banks and only Bitcoins.

Caladonian

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Quote from: Racey on July 06, 2016, 01:33:04 AM

Banks have been thrown out before, if you know your history.
Could well happen again, we know that banks are thieves and cause recessions, people go hungry, lose homes because of them right?

You know this?

If not this is what happened when you break free from the cartels......look read and learn right now, if you think banks are in your best interest think again digest this information, because this is what the banks are doing now, causing all what I said above.

http://www.topinfopost.com/2015/01/05/things-you-were-not-told-about-hitler

worth to read clear info about how those company ruin the world if this business can be controlled we do have much better life but greedy is the main enemy here and if bitcoin can be free from it maybe bitcoin can make this business disappear we just needed more support and understanding.

Racey

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Soon, I have to go away.

Banks have been thrown out before, if you know your history.
Could well happen again, we know that banks are thieves and cause recessions, people go hungry, lose homes because of them right?

You know this?

If not this is what happened when you break free from the cartels......look read and learn right now, if you think banks are in your best interest think again digest this information, because this is what the banks are doing now, causing all what I said above.

http://www.topinfopost.com/2015/01/05/things-you-were-not-told-about-hitler

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Quote from: QuestionAuthority on July 05, 2016, 03:40:54 PM

Absolutely, Bitcoin (the currency/commodity) is primed and ready to take over banks (lending/savings institutions).

People that know absolutely nothing about finance

People that know absolutely nothing about math

People that know absolutely nothing about governments

People that know absolutely nothing about computers or software

Have a home with Bitcoin

bitcoin definitely has the potential to replace/take over banks and even transform the current financial industry. but i can't really see banks and governments allowing bitcoin to come close as it can be their end. governments will lose out on billions of yearly profits, and banks will fall one by one. at this point it's more a fantasy than something that's really achievable.

barbara44

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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 .

I too believe Bitcoins can not completely eradicate the Banks but it has already started hampering the banking systems. There will probably be a huge shift in the way our banking system works. I hope to see positive changes. Today's banking sysytem is literally enslaving the people with debt and taxes. So, changes are most welcome by every human.

Enotche

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The banking sector has relied for too long on the fixed structure of monetary policy, designed for their own benefit, and now the implementation of its existing model can not be profitable. From the current situation, there are two choices: accept the digital currency, or disable it. The adoption of bitcoin has no special meaning for them, because they can not get in it and benefit in a decentralized monetary system is no place for banks. Left with a second embodiment, banks are now trying to discredit the digital currency and at the same time enter in its operations blokchain technology to improve its infrastructure. Nevertheless it is not done in order to make the banking system more friendly to their customers, and to reduce operating costs in order to get more profit.

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Quote from: jossiel on July 05, 2016, 10:43:32 PM

Quote from: Sled on July 05, 2016, 10:23:43 PM

I don't think that bitcoin can make banks disappear because they are older in bitcoin and they're also one of the common needs of a person and also, the banks are too big and they're supported by government, If you are thinking that bitcoin can make banks disappear i think that bitcoin needs government first to support them so it will be easy for bitcoin to be legalize and also replace banks soon.

That is really impossible that bitcoin is going to make banks disappear. We all know that banks are playing a big role in the economy of a country.
They are ones thats regulating money in a country.
And without them for sure big whales are going to manipulate the flow of money.

Absolutely it is impossible for bitcoin to make banks disappear because it would have no protection from the government. Bank finance is very important in a country. Although crypto has a good future but in the future the bank still will not be replaced.

akogwapo14

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For me no i think bank will not disappear even all country will use bitcoin . Bank will still use to the people who scared in the volatility in bitcoin and they don't want to lose any single cents when bitcoin go lower. Much better if bank and bitcoin support each other.

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Quote from: yurvajaina on July 05, 2016, 11:02:20 PM

yes bitcoin become popular nowadays but I don't think that bitcoin can make banks disappear because not all the people know bitcoin

It can if those banks will not upgrade their system or go with the technology flow. They need aome experts that would specialize with this currency also.

yurvajaina

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yes bitcoin become popular nowadays but I don't think that bitcoin can make banks disappear because not all the people know bitcoin

jossiel

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Quote from: Sled on July 05, 2016, 10:23:43 PM

I don't think that bitcoin can make banks disappear because they are older in bitcoin and they're also one of the common needs of a person and also, the banks are too big and they're supported by government, If you are thinking that bitcoin can make banks disappear i think that bitcoin needs government first to support them so it will be easy for bitcoin to be legalize and also replace banks soon.

That is really impossible that bitcoin is going to make banks disappear. We all know that banks are playing a big role in the economy of a country.
They are ones thats regulating money in a country.
And without them for sure big whales are going to manipulate the flow of money.

Sled

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Bitcoin- in bullish time

I don't think that bitcoin can make banks disappear because they are older in bitcoin and they're also one of the common needs of a person and also, the banks are too big and they're supported by government, If you are thinking that bitcoin can make banks disappear i think that bitcoin needs government first to support them so it will be easy for bitcoin to be legalize and also replace banks soon.

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