Can Bitcoin make Banks disappear? - page 255.

mrayazgul

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Quote from: Ryananda on June 21, 2016, 06:00:42 AM

Quote from: wearepoor on June 19, 2016, 04:20:03 AM

Quote from: Mayuyu48 on June 19, 2016, 03:24:42 AM

I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

I don't think that Banks will be disappear as they have build the trust among the people, people are looking at bank to keep their money safe and for making big amount transactions. Bitcoin doesn't have that reputation, it will be popular and be important part of the global currency but it will never replace banks.

Yes absolutely right banks will not disappear because the banks will certainly always be updated with the times. So he could follow developments and could definitely compete. Very unlikely bitcoin could eliminate banks.

Bitcoins cant make banks disappear any time soon

Imoote

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Quote from: saiha on June 21, 2016, 06:48:16 AM

Quote from: Ryananda on June 21, 2016, 06:00:42 AM

Quote from: wearepoor on June 19, 2016, 04:20:03 AM

Quote from: Mayuyu48 on June 19, 2016, 03:24:42 AM

I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

I don't think that Banks will be disappear as they have build the trust among the people, people are looking at bank to keep their money safe and for making big amount transactions. Bitcoin doesn't have that reputation, it will be popular and be important part of the global currency but it will never replace banks.

Yes absolutely right banks will not disappear because the banks will certainly always be updated with the times. So he could follow developments and could definitely compete. Very unlikely bitcoin could eliminate banks.

Making banks disappear is very impossible thing to happen. And it is very important in a government.
I don't think the government will allow that to happen, as banks are playing an important role in the economy of a country.

Yes absolutely right banks holding the economy of a country and it is very important. If a country uses bitcoin I believe the country's economy is not stable. That will not happen bitcoin will make banks disappear.

goinmerry

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Quote from: saiha on June 21, 2016, 06:48:16 AM

Quote from: Ryananda on June 21, 2016, 06:00:42 AM

Quote from: wearepoor on June 19, 2016, 04:20:03 AM

Quote from: Mayuyu48 on June 19, 2016, 03:24:42 AM

I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

I don't think that Banks will be disappear as they have build the trust among the people, people are looking at bank to keep their money safe and for making big amount transactions. Bitcoin doesn't have that reputation, it will be popular and be important part of the global currency but it will never replace banks.

Yes absolutely right banks will not disappear because the banks will certainly always be updated with the times. So he could follow developments and could definitely compete. Very unlikely bitcoin could eliminate banks.

Making banks disappear is very impossible thing to happen. And it is very important in a government.
I don't think the government will allow that to happen, as banks are playing an important role in the economy of a country.

What you say is true. But maybe a lot of changes can happen to them. When people knew that they can also invest their money in something better then some may change on how they do it and that is a lost for them

saiha

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Quote from: Ryananda on June 21, 2016, 06:00:42 AM

Quote from: wearepoor on June 19, 2016, 04:20:03 AM

Quote from: Mayuyu48 on June 19, 2016, 03:24:42 AM

I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

I don't think that Banks will be disappear as they have build the trust among the people, people are looking at bank to keep their money safe and for making big amount transactions. Bitcoin doesn't have that reputation, it will be popular and be important part of the global currency but it will never replace banks.

Yes absolutely right banks will not disappear because the banks will certainly always be updated with the times. So he could follow developments and could definitely compete. Very unlikely bitcoin could eliminate banks.

Making banks disappear is very impossible thing to happen. And it is very important in a government.
I don't think the government will allow that to happen, as banks are playing an important role in the economy of a country.

Ryananda

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Quote from: wearepoor on June 19, 2016, 04:20:03 AM

Quote from: Mayuyu48 on June 19, 2016, 03:24:42 AM

I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

I don't think that Banks will be disappear as they have build the trust among the people, people are looking at bank to keep their money safe and for making big amount transactions. Bitcoin doesn't have that reputation, it will be popular and be important part of the global currency but it will never replace banks.

Yes absolutely right banks will not disappear because the banks will certainly always be updated with the times. So he could follow developments and could definitely compete. Very unlikely bitcoin could eliminate banks.

partysaurus

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dont think banks will disapear , but they will change focus in someway , and they have to adapt.

pandalion98

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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?

Yes, totally.

Bitcoin is being run by the people. The banks simply depend on the people. Banks are run by someone else but bitcoin is run by everyone.

If people suddenly don't trust those that are running the banks, it would disappear.

If BTC were suddenly abandoned by people, it would still technically exist because not all would abandon it.

wearepoor

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Quote from: Mayuyu48 on June 19, 2016, 03:24:42 AM

I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

I don't think that Banks will be disappear as they have build the trust among the people, people are looking at bank to keep their money safe and for making big amount transactions. Bitcoin doesn't have that reputation, it will be popular and be important part of the global currency but it will never replace banks.

virasisog

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The bitcoin and the blockchain technology will cut the cost for the banks. They can make more profit by adopting it.

kinhvuong

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Quote from: Mayuyu48 on June 19, 2016, 03:24:42 AM

I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

When are they going to learn its doesn't have to be bitcoin or proof of work but a blockchain without the 'token' is kind of useless and provides no incentive for network security or transparency.

Babayega31

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Quote from: Ryananda on June 19, 2016, 03:12:40 AM

Quote from: Sorrowfox on June 17, 2016, 10:02:05 PM

I think bitcoin cant make bank disappear because bitcoin cant control their price so i thin bitcoin cant disappear banks.
But if manipulator wants to bank disappear it is depends on the manager strategic on how to grow his bitcoin if he sell it or not.
But i think why the bitcoin holder or manipulator wants to disappear banks.. This is just a nonsense thing if you disappear banks.

Absolutely bitcoin will not be able to eliminate the banks as I'm sure banks have the strength in the economy. I'm sure many bitcoin users also require banks to convert into cash. I'm sure at any time until banks will remain for a very good development banks from year to year.

Very clear it would not happen since knowing to local authorities bitcoin is illegal money and some other countries banned from using it thats why we cant really see bank dissapearance by just this bitcoin instead maybe we can see in the future that banks will adopt bitcoin and accept to store at them and thats clearly will happen in future and not the bank dissapearance.

Mayuyu48

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I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

Ryananda

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Quote from: Sorrowfox on June 17, 2016, 10:02:05 PM

I think bitcoin cant make bank disappear because bitcoin cant control their price so i thin bitcoin cant disappear banks.
But if manipulator wants to bank disappear it is depends on the manager strategic on how to grow his bitcoin if he sell it or not.
But i think why the bitcoin holder or manipulator wants to disappear banks.. This is just a nonsense thing if you disappear banks.

Absolutely bitcoin will not be able to eliminate the banks as I'm sure banks have the strength in the economy. I'm sure many bitcoin users also require banks to convert into cash. I'm sure at any time until banks will remain for a very good development banks from year to year.

chaosknight

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Quote from: wintermeasures on June 17, 2016, 11:14:02 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 will not be disappear if there fiat money. so if you want to eliminate bank it must eliminate fiat money as well, which is where it will not happen. Thank you

Agreed neither the banks nor fiat will disappear in future as both of them are very strong part of our lives and majority of people are dependent on it.

wintermeasures

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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?

Banks will not be disappear if there fiat money. so if you want to eliminate bank it must eliminate fiat money as well, which is where it will not happen. Thank you

Sorrowfox

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I think bitcoin cant make bank disappear because bitcoin cant control their price so i thin bitcoin cant disappear banks.
But if manipulator wants to bank disappear it is depends on the manager strategic on how to grow his bitcoin if he sell it or not.
But i think why the bitcoin holder or manipulator wants to disappear banks.. This is just a nonsense thing if you disappear banks.

Ryananda

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Quote from: eddyubachs on June 16, 2016, 10:02:53 AM

Quote from: X-ray on June 16, 2016, 10:01:06 AM

Quote from: mark coins on June 16, 2016, 09:45:42 AM

Quote from: cluit on June 16, 2016, 09:43:56 AM

Quote from: Mvaporis1961 on June 16, 2016, 02:16:31 AM

Quote from: Rude Boy on January 11, 2016, 10:09:46 PM

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country

.

Yes oviously in future the banks will also be using bitcoins as the future of bitcoin will force them to do so because there will be many bitcoiners and to make the business alive they will start using bitcoins.

This is really difficult to predict that whether banks will start using bitcoin in future or not but one this is sure that banks will always survive and won't get replaced by bitcoin.

It's very difficult for the bank to accept bitcoin, Think again bitcoin have a different system, Bitcoin is secure their user's privacy with their anonymity and bank secure their security can make their user avoid a criminal activity.

I think that is impossible that banks will start using and supporting bitcoin in future, bitcoin is threat to banking system and banks will never standby bitcoins ever.

I think bitcoin will not affect the banking system. Because I think both are very different. Bitcoin can not make banks disappear because banks are still needed for the government and individuals.

mightyghz

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The problem is that if BTC doesn't get widely adopted by banks and consumers alike then it will never be a viable replacement for existing systems

eddyubachs

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Quote from: X-ray on June 16, 2016, 10:01:06 AM

Quote from: mark coins on June 16, 2016, 09:45:42 AM

Quote from: cluit on June 16, 2016, 09:43:56 AM

Quote from: Mvaporis1961 on June 16, 2016, 02:16:31 AM

Quote from: Rude Boy on January 11, 2016, 10:09:46 PM

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country

.

Yes oviously in future the banks will also be using bitcoins as the future of bitcoin will force them to do so because there will be many bitcoiners and to make the business alive they will start using bitcoins.

This is really difficult to predict that whether banks will start using bitcoin in future or not but one this is sure that banks will always survive and won't get replaced by bitcoin.

It's very difficult for the bank to accept bitcoin, Think again bitcoin have a different system, Bitcoin is secure their user's privacy with their anonymity and bank secure their security can make their user avoid a criminal activity.

I think that is impossible that banks will start using and supporting bitcoin in future, bitcoin is threat to banking system and banks will never standby bitcoins ever.

X-ray

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Quote from: mark coins on June 16, 2016, 09:45:42 AM

Quote from: cluit on June 16, 2016, 09:43:56 AM

Quote from: Mvaporis1961 on June 16, 2016, 02:16:31 AM

Quote from: Rude Boy on January 11, 2016, 10:09:46 PM

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country

.

Yes oviously in future the banks will also be using bitcoins as the future of bitcoin will force them to do so because there will be many bitcoiners and to make the business alive they will start using bitcoins.

This is really difficult to predict that whether banks will start using bitcoin in future or not but one this is sure that banks will always survive and won't get replaced by bitcoin.

It's very difficult for the bank to accept bitcoin, Think again bitcoin have a different system, Bitcoin is secure their user's privacy with their anonymity and bank secure their security can make their user avoid a criminal activity.

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