Topic: Can Bitcoin make Banks disappear? - page 265. (Read 427614 times)
For me, its not. Fiat currencies still have a lot of advantages than bitcoin. Not everyone in the world are already aware of bitcoin and neither all have access to computers or the internet. So, it is way very far to think yet that banks will disappear because of bitcoin.
Its hard to believe that bitcoin can make banks disappear in future, banks will always survive as majority of people are dependent on banks for their transactions.
yeah as long as people still use fiat currency as their major. certainly the bank will always persist and it is impossible for bitcoin to clear the bank. bitcoin needed to be the global currency first The chance that it will happen is really small and that is that many people are still dont even know how Bitcoin works so that is the problem.
If it will make it disappear than Bitcoin have to be really popular so there will be also more people that have to promote it so more people can get to know about it.
If it will make it disappear than Bitcoin have to be really popular so there will be also more people that have to promote it so more people can get to know about it.
Banks will not dissapear anyway and everybody know it. Bitcoin can't compete banks, it's just need to evolve to start. When bitcoin will grow we will see what happen.
I think that will not happen so fast. That is not so good for the people. I think that more people will use also normal banks. And they dont know and not aware on how to use Bitcoins at the present moment.
Its hard to believe that bitcoin can make banks disappear in future, banks will always survive as majority of people are dependent on banks for their transactions.
Yes absolutely right banks and financial holding power for bitcoin hard to make it disappear. That can not happen in the future. People really need banks and rely heavily on banks for their finance. 1 word => That's impossible.
Banks will forever be there, they're not going anywhere.
Banks will forever be there, they're not going anywhere.
I was just about to write the exact same thing. My opinion is the same.
Yeah that is not possible ever, people need banks, businesses needs banks for their business transactions and they will need in future too even bitcoin gets on the mainstream.
But it is now really hard to make it more popular because the value now is not even rising.
Its hard to believe that bitcoin can make banks disappear in future, banks will always survive as majority of people are dependent on banks for their transactions.
1 word => That's impossible.
Banks will forever be there, they're not going anywhere.
Banks will forever be there, they're not going anywhere.
I believe that also, but I think there would appear a bank for bitcoins. Bank bitcoin maybe not just digital bank, but physical bank either
like other bank the usual way we are using and know it.
Banks won't disappear and will be always there as long as there is a cycle of economy in the world.
You will not be needing a bitcoin bank because you already have it in your wallet. And having a bitcoin bank is just an added hassle. You need to submit documents which compromise your security and anonymity. We are good the way it is. And fiat bank don't have to disappear too. It is a good source of income trading bitcoin to fiat and vice versa.
Bitcoins can never make banks disappear but, what they can do is make their own banks you know. If there
are3 more and more people using the bitcoin banks don't wait to invest in them and store their coins. This
is a big booming.
are3 more and more people using the bitcoin banks don't wait to invest in them and store their coins. This
is a big booming.
That's true bitcoins can never make banks out of the industry. Since the beginning of time, an economy needs a bank to manage the circulate
of money in the society. Without the bank people tend to hide the money their own pockets and less money will just go in the cycle
of a country.
The chance that it will happen is really small and that is that many people are still dont even know how Bitcoin works so that is the problem.
If it will make it disappear than Bitcoin have to be really popular so there will be also more people that have to promote it so more people can get to know about it.
If it will make it disappear than Bitcoin have to be really popular so there will be also more people that have to promote it so more people can get to know about it.
Banks will not dissapear anyway and everybody know it. Bitcoin can't compete banks, it's just need to evolve to start. When bitcoin will grow we will see what happen.
I believe banks could offer a bitcoin payment service or savings but i doubt they will support it as the countries in general are against bitcoin because it being decentralized and not regulated.
Banks will be replaced with crowfunding and peer-to-peer lending platforms.
This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
I don't think these platforms will be very popular. Peer-to-peer lending would only work if both the borrowers and the lenders trust each other and nowadays there are so many scammers defaulting online that it would be a miracle for this to take off and replace bank loans. And who is going to get your money back if the borrower runs away with your Bitcoins?
I never thought of it like that. Very Interesting!
Banks will be replaced with crowfunding and peer-to-peer lending platforms.
This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
I don't think these platforms will be very popular. Peer-to-peer lending would only work if both the borrowers and the lenders trust each other and nowadays there are so many scammers defaulting online that it would be a miracle for this to take off and replace bank loans. And who is going to get your money back if the borrower runs away with your Bitcoins?
The chance that it will happen is really small and that is that many people are still dont even know how Bitcoin works so that is the problem.
If it will make it disappear than Bitcoin have to be really popular so there will be also more people that have to promote it so more people can get to know about it.
If it will make it disappear than Bitcoin have to be really popular so there will be also more people that have to promote it so more people can get to know about it.
Banks will not dissapear anyway and everybody know it. Bitcoin can't compete banks, it's just need to evolve to start. When bitcoin will grow we will see what happen.
I believe banks could offer a bitcoin payment service or savings but i doubt they will support it as the countries in general are against bitcoin because it being decentralized and not regulated.
as you can see there are allot of bitcoin users these days and it's only growing many times faster. But
the question of can bitcoins make banks disappear i don't think so. There are allot of banks who just want
to invest in the coin i think if he gets really big so banks disappear NEVER.
the question of can bitcoins make banks disappear i don't think so. There are allot of banks who just want
to invest in the coin i think if he gets really big so banks disappear NEVER.
Bitcoins can never make banks disappear but, what they can do is make their own banks you know. If there
are3 more and more people using the bitcoin banks don't wait to invest in them and store their coins. This
is a big booming.
are3 more and more people using the bitcoin banks don't wait to invest in them and store their coins. This
is a big booming.
Banks will be replaced with crowfunding and peer-to-peer lending platforms.
This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
Yes it is possible and will. but it needs the technical development of the people, so that they understand the whole system. Different states have different concepts of the economy, the old familiar system, and unwillingness to strive for new ways. And it turns out that some countries are already using Bitcoin to complete, while others are afraid because of the stereotypes. But perhaps they will take the experience of the developed countries and also move to such a system, the only question is political (friendship, alliance)
Banks will be replaced with crowfunding and peer-to-peer lending platforms.
This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
It won't be happening during our lifetime. The bigger is bubble the longer it takes it to pop. And banking system is so overgrown and rooted that it will be really hard to dismantle it.This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
People won't trust in p2p initiatives - just look as bitcoin is treated. I bet if it was invention of some company instead of decentralized that company would be bigger than Apple by now.
Banks will be replaced with crowfunding and peer-to-peer lending platforms.
This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
This is the future of finance.
Those platforms have some flaws ,but they will be removed soon.
The financial industry will become more transparent...
1 word => That's impossible.
Banks will forever be there, they're not going anywhere.
Banks will forever be there, they're not going anywhere.
I believe that also, but I think there would appear a bank for bitcoins. Bank bitcoin maybe not just digital bank, but physical bank either
like other bank the usual way we are using and know it.
Banks won't disappear and will be always there as long as there is a cycle of economy in the world.
Physical bank for bitcoin would be a great idea. But there are this risk that could happen. Government will want something on you for creating a business. Tax will be paid. Plus many more files and documents before starting this one. I guess the real deal would be banks that are already there will be connected to bitcoins. That way no more hassle will be done.
Yes tax is given even bitcoin is a digital currency I think government will need to create a bill regarding with these kinds of issue.
And the most close thing I am even thinking is that banks will adopt bitcoins.
From user prospective, you want a bank accept Bitcoin deposit, pay back principal with interest in Bitcoin. From bank's angle, Bank will have to exchange Bitcoin to fiat, make money in fiat, exchange back to Bitcoin and pay out interest. You know there is huge exchange rate risk for Bank because Bitcoin price is so volatile.
1 word => That's impossible.
Banks will forever be there, they're not going anywhere.
Banks will forever be there, they're not going anywhere.
I believe that also, but I think there would appear a bank for bitcoins. Bank bitcoin maybe not just digital bank, but physical bank either
like other bank the usual way we are using and know it.
Banks won't disappear and will be always there as long as there is a cycle of economy in the world.
Physical bank for bitcoin would be a great idea. But there are this risk that could happen. Government will want something on you for creating a business. Tax will be paid. Plus many more files and documents before starting this one. I guess the real deal would be banks that are already there will be connected to bitcoins. That way no more hassle will be done.
Yes tax is given even bitcoin is a digital currency I think government will need to create a bill regarding with these kinds of issue.
And the most close thing I am even thinking is that banks will adopt bitcoins.
1 word => That's impossible.
Banks will forever be there, they're not going anywhere.
Banks will forever be there, they're not going anywhere.
I believe that also, but I think there would appear a bank for bitcoins. Bank bitcoin maybe not just digital bank, but physical bank either
like other bank the usual way we are using and know it.
Banks won't disappear and will be always there as long as there is a cycle of economy in the world.
Physical bank for bitcoin would be a great idea. But there are this risk that could happen. Government will want something on you for creating a business. Tax will be paid. Plus many more files and documents before starting this one. I guess the real deal would be banks that are already there will be connected to bitcoins. That way no more hassle will be done.
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