Topic: Can Bitcoin make Banks disappear? - page 266. (Read 427614 times)

Quote from: CoinSiteDesigner on May 16, 2016, 07:34:43 AM

I thought it could not. for now. This is a stupid thing. bitcoin is a currency which could possibly be an option to bank deposits if one day it happened? nothing that requires two fought ?

I don't think this will very happening, it may happen for some instance but percentage of this to be happening is very poor. Banks would rather choose to the fiat money because people used to it. And it has been use for a very long time.

Exactly, people have more faith in banks and fiat currency, and they will continue to use it in future too as any digital currency cannot replace banks so easily.

Right now people believe and have much faith upon banks , as people were not much aware of the bitcoin and the digital currencies that's been used in most countries. Soon situation might change when adoption goes high.

It's not about being faith in banks.

It's just a matter that bitcoin can't really touch all those people even they like to use it as bitcoin can only be accessed online since it's digital currency.

Dollar (Cash) is the same way. The Bank only holds a small percentage of cash on hand at the bank. Everything else is digital.

somacoin

sr. member

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1 word => That's impossible.

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.

CoinSiteDesigner

full member

Activity: 126

Merit: 100

1 word => That's impossible.

Banks will forever be there, they're not going anywhere.

harizen

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Merit: 1398

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Quote from: romero121 on May 16, 2016, 04:06:10 AM

Quote from: romero121 on May 16, 2016, 04:06:10 AM

I thought it could not. for now. This is a stupid thing. bitcoin is a currency which could possibly be an option to bank deposits if one day it happened? nothing that requires two fought ?

I don't think this will very happening, it may happen for some instance but percentage of this to be happening is very poor. Banks would rather choose to the fiat money because people used to it. And it has been use for a very long time.

Exactly, people have more faith in banks and fiat currency, and they will continue to use it in future too as any digital currency cannot replace banks so easily.

Right now people believe and have much faith upon banks , as people were not much aware of the bitcoin and the digital currencies that's been used in most countries. Soon situation might change when adoption goes high.

It's not about being faith in banks.

It's just a matter that bitcoin can't really touch all those people even they like to use it as bitcoin can only be accessed online since it's digital currency.

dhimasnk

hero member

Activity: 546

Merit: 500

I think bitcoin was unable to make the bank because the bank lost an important institution in the world economy

opossum

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Merit: 1000

I thought it could not. for now. This is a stupid thing. bitcoin is a currency which could possibly be an option to bank deposits if one day it happened? nothing that requires two fought ?

I don't think this will very happening, it may happen for some instance but percentage of this to be happening is very poor. Banks would rather choose to the fiat money because people used to it. And it has been use for a very long time.

Exactly, people have more faith in banks and fiat currency, and they will continue to use it in future too as any digital currency cannot replace banks so easily.

Right now people believe and have much faith upon banks , as people were not much aware of the bitcoin and the digital currencies that's been used in most countries. Soon situation might change when adoption goes high.

People will prefer to use both in future, as both have their own advantages, if a person needs a loan in emergency then only bank can help him.

romero121

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Vave.com - Crypto Casino

Quote from: HarryKPeters on May 15, 2016, 09:52:26 AM

I thought it could not. for now. This is a stupid thing. bitcoin is a currency which could possibly be an option to bank deposits if one day it happened? nothing that requires two fought ?

I don't think this will very happening, it may happen for some instance but percentage of this to be happening is very poor. Banks would rather choose to the fiat money because people used to it. And it has been use for a very long time.

Exactly, people have more faith in banks and fiat currency, and they will continue to use it in future too as any digital currency cannot replace banks so easily.

Right now people believe and have much faith upon banks , as people were not much aware of the bitcoin and the digital currencies that's been used in most countries. Soon situation might change when adoption goes high.

Hazir

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Activity: 1596

Merit: 1005

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There is potential here, but getting rid of all the banks? No they are too powerfull although i see it happening that banks will go bankrupt since more users will avoid them.
But since banks sell services like mortgages, insurancies etc. They where will be a place for them.

There is now way that all banks will go simultaneously bankrupt. And even if some of them will suffer from some future economic crisis new banks will emerge from the ashes.
Economy can't stand void. And I am sure that society is not ready to get rid of banks in the first place.

jerelimZ

sr. member

Activity: 447

Merit: 250

I thought it could not. for now. This is a stupid thing. bitcoin is a currency which could possibly be an option to bank deposits if one day it happened? nothing that requires two fought ?

I don't think this will very happening, it may happen for some instance but percentage of this to be happening is very poor. Banks would rather choose to the fiat money because people used to it. And it has been use for a very long time.

Exactly, people have more faith in banks and fiat currency, and they will continue to use it in future too as any digital currency cannot replace banks so easily.

saiha

hero member

Activity: 840

Merit: 501

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