Topic: Can Bitcoin make Banks disappear? - page 257. (Read 427614 times)
Bitcoin can't make banks disappear,cause banks are protected by goverments of different countries and bitcoin is illegal in many countries, it's really matter.
I hardly doubt that banks will ever dissapear... at least, not in the next few decades.
Insted of dissapearing, they'll have to adapt to the new realities.
Insted of dissapearing, they'll have to adapt to the new realities.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.but make sure that all people know what is btc...in my country just a less people know bitcoin...
Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.
Yes true in the future will live where many people have digital currency. But to eliminate the banks is very unlikely because banks have legal protection. And because I think they can not be equated.
I'm also thinking this, I think the bitcoin can never do this, the bitcoin is simply just too small compared with the banks nowadays.
You first say it can "never" do this, then you say "nowadays"... so decide if never or currently, because your sentence lacks sense.
Bitcoin will make banks obsolete if banks don't adapt to Bitcoin. There will always be people that want other people to hold their money for them, so "Bitcoin banks" will emerge.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.but make sure that all people know what is btc...in my country just a less people know bitcoin...
Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.
Yes true in the future will live where many people have digital currency. But to eliminate the banks is very unlikely because banks have legal protection. And because I think they can not be equated.
I'm also thinking this, I think the bitcoin can never do this, the bitcoin is simply just too small compared with the banks nowadays.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.but make sure that all people know what is btc...in my country just a less people know bitcoin...
Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.
Yes true in the future will live where many people have digital currency. But to eliminate the banks is very unlikely because banks have legal protection. And because I think they can not be equated.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.but make sure that all people know what is btc...in my country just a less people know bitcoin...
Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.
Yes true in the future will live where many people have digital currency. But to eliminate the banks is very unlikely because banks have legal protection. And because I think they can not be equated.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.but make sure that all people know what is btc...in my country just a less people know bitcoin...
Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't. but make sure that all people know what is btc...in my country just a less people know bitcoin...
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.
That is correct. They have big money. They can do something if suddenly banks collapses. They can even adapt something else or buy anything that will provide them back to get some profit.
So to let them disappear them you have to make Bitcoin more famous and more used.
Correct. Literally we can see in that there are still many bank establishments that are being created. That is a sign that they are not even afraid of losing their businesses. I would say they can make it disappear if those banks are closing.
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.
That is correct. They have big money. They can do something if suddenly banks collapses. They can even adapt something else or buy anything that will provide them back to get some profit.
So to let them disappear them you have to make Bitcoin more famous and more used.
Can not make it by bitcoin it self,
Bank is very stable in different country there big deposits with contract comparing in bitcoin there is no contract on your investment keeping money in bitcoin wallet is risky.
We hope that bitcoin can be deposite/withdrawals in all different banks in the world
Bank is very stable in different country there big deposits with contract comparing in bitcoin there is no contract on your investment keeping money in bitcoin wallet is risky.
We hope that bitcoin can be deposite/withdrawals in all different banks in the world
If Bitcoin would become so popular that everybody in the world is going to use it and nobody will use a bank again of course the banks will then disappear because then they cannot make money them selves.
What you have quoted is pretty hard to happen in the reality. Upon the falling days when bitcoin gets enormous growth banks will develop strategies to make them stable. This won't let bitcoin to replace banking system.
Yes. I would like the traditional banks to adopt the bitcoin and run their system based on bitcoin. It might take several decades.
If Bitcoin would become so popular that everybody in the world is going to use it and nobody will use a bank again of course the banks will then disappear because then they cannot make money them selves.
What you have quoted is pretty hard to happen in the reality. Upon the falling days when bitcoin gets enormous growth banks will develop strategies to make them stable. This won't let bitcoin to replace banking system.
If Bitcoin would become so popular that everybody in the world is going to use it and nobody will use a bank again of course the banks will then disappear because then they cannot make money them selves.
What you have quoted is pretty hard to happen in the reality. Upon the falling days when bitcoin gets enormous growth banks will develop strategies to make them stable. This won't let bitcoin to replace banking system.
I don't think banks will disappear, at least not yet. It's all online, so poorer people and the old generations (our grandparents/parents) might have not heard of it yet. Having their money stored online for them is something they won't accept because they are used to having their money stored in "safer banks" or just in their real wallet.
It is true. I am also not sure that bitcoin will easily make the bank disappears, and even that was not going to happen, because so far, I see bitcoin is still closely associated with the bank and it happens when you sell bitcoin do you haveI receive it via money gram and this is true so i am looking for a fastest way and i found this forum..
So before i am afraid to scam so if people are offering a bitcoin they will afraid they didn't have any idea how bitcoin works.. so its impossible that banks will disappear..
I don't think banks will disappear, at least not yet. It's all online, so poorer people and the old generations (our grandparents/parents) might have not heard of it yet. Having their money stored online for them is something they won't accept because they are used to having their money stored in "safer banks" or just in their real wallet.
It is true. I am also not sure that bitcoin will easily make the bank disappears, and even that was not going to happen, because so far, I see bitcoin is still closely associated with the bank and it happens when you sell bitcoin do you have 
I don't think banks will disappear, at least not yet. It's all online, so poorer people and the old generations (our grandparents/parents) might have not heard of it yet. Having their money stored online for them is something they won't accept because they are used to having their money stored in "safer banks" or just in their real wallet.
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?
"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 don't think that bank will disappear some day with the spread of bitcoin or the spread of cryptocurrencies. If the spread will be important the banks will adapt. They will find other ways to remain at the market and will focus on those. For example the bank is a Institution which offer trust and always will be need of trust in the world of money.
If Bitcoin would become so popular that everybody in the world is going to use it and nobody will use a bank again of course the banks will then disappear because then they cannot make money them selves.
off course can bitcoin not make banks disappear what will the world be like if there where no banks. Where do we all need to store our money i dont think it would verry save on earth on that moment.
Well, the answer is simple, we will save our money in Bitcoin if all banks disappear because of bitcoin.
I also think it can be happen, but I wish that one day bitcoin replace banks. I think banks are not that secure that bitcoins are secure and safe,. there are some issues with online wallets, but if we find a safe place to store our bitcoins then our money will be safer then any bank account.
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