Can Bitcoin make Banks disappear? - page 270.

GreenBits

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Quote from: Barbut on May 11, 2016, 08:58:40 AM

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?

They are too powerful to disappear just like that. I`m sure banks will enter in blockchain world in one point, they have money to invest in what ever they wish and for sure they will try to take a piece of cake for them.

I think banks are evil thing in this world and I would like them to disappear, but that can only happen if people of this world unite against their system. For now that is even hard to imagine, almost impossible in this world of constant wars. War`s for what?

Indeed. There is too much money invested and interested in keeping the banking system working exactly the way it is. There simply isn't enough money in btc yet to fight all that mammon. The banking interest permeates every facet of our lives, the banking industry is a perfect example of money wielded like a weapon, rather than a panacea. Now, they will use the parts of bitcoin that further the goals that have already been in place, but there will be no upturning of the proverbial apple cart because Mr Koch and Mr. Buffett wouldn't appreciate that too much.

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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?

They are too powerful to disappear just like that. I`m sure banks will enter in blockchain world in one point, they have money to invest in what ever they wish and for sure they will try to take a piece of cake for them.

I think banks are evil thing in this world and I would like them to disappear, but that can only happen if people of this world unite against their system. For now that is even hard to imagine, almost impossible in this world of constant wars. War`s for what?

BurjDubai

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Its very difficult for banks to disappear

knowhow

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Quote from: Imoote on May 11, 2016, 08:24:16 AM

Quote from: Ryananda on May 10, 2016, 09:01:29 PM

Quote from: Altynbekova on May 10, 2016, 08:19:10 AM

No this will never happen in my eyes because the fact is that the banks are way too big compared with the bitcoin.
I even think it will most likely be the opposite.

Yes true bitcoin can not make banks disappear, it is no longer possible. Also it could be like that you say could be the opposite. Banks have economic power in each region. Not perhaps a country does not need a bank, it's highly unlikely.

It is appropriate if the banks disappear it will affect the economy of the country. And banks have a very important role. So banks will never disappear and bitcoin will not be able to make it disappear because it is impossible.

Banks are regulated and pay high fees to the governement soo is both interest to keep the doors open,bitcoin has no power to make them close ,maybe they can offer a service with bitcoin in the future but bitcoin able to close the most powerful companies i doubt wont happen lets be realistic.

Imoote

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Quote from: Ryananda on May 10, 2016, 09:01:29 PM

Quote from: Altynbekova on May 10, 2016, 08:19:10 AM

No this will never happen in my eyes because the fact is that the banks are way too big compared with the bitcoin.
I even think it will most likely be the opposite.

Yes true bitcoin can not make banks disappear, it is no longer possible. Also it could be like that you say could be the opposite. Banks have economic power in each region. Not perhaps a country does not need a bank, it's highly unlikely.

It is appropriate if the banks disappear it will affect the economy of the country. And banks have a very important role. So banks will never disappear and bitcoin will not be able to make it disappear because it is impossible.

Ryananda

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Quote from: Altynbekova on May 10, 2016, 08:19:10 AM

No this will never happen in my eyes because the fact is that the banks are way too big compared with the bitcoin.
I even think it will most likely be the opposite.

Yes true bitcoin can not make banks disappear, it is no longer possible. Also it could be like that you say could be the opposite. Banks have economic power in each region. Not perhaps a country does not need a bank, it's highly unlikely.

harizen

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Quote from: stromma44 on May 10, 2016, 05:00:45 AM

The people who are already using bitcoin will never enter the door steps of banks as they are aware about the qualities and benefits they are getting from bitcoin which is far better then banks.

Same principle goes for those long time bank users that really enjoys benefits using this kind of financial system. Also at the same time enjoying the benefits of using bitcoin too.

Far better than using bitcoin services alone.

pereira4

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I think that the banks will simply coexist. There will always be people that never feel safe enough by running their own finance,s so they will feel safer if they handle it to someone else because they think they may do something stupid like losing their password or whatnot. Not everyone feels like being responsible of your own finances is a plus unfortunately.

Altynbekova

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No this will never happen in my eyes because the fact is that the banks are way too big compared with the bitcoin.
I even think it will most likely be the opposite.

raphma

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and why wouldnt banks start to using bitcoin? making their own wallet service? o even their own currency?
i think they both will not end any time soon, but bitcoin is good for us because it reduces bank control over money.

They could start their bitcoin service and a lot of people would use, but, if you dont want you could still use your own computer.

senyorito123

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Quote from: Ryananda on May 10, 2016, 07:17:50 AM

Quote from: delliaerd on May 10, 2016, 05:35:07 AM

Quote from: sk00t3r on May 10, 2016, 05:08:06 AM

Quote from: Lokfar on May 10, 2016, 02:41:39 AM

It will make banks never disappear and the reason is that there are still a lot of people that is using their normal money so they have to know that he must make it more popular.
And Bitcoin is getting of course more popular but it is not that many used by everyone.

yeah bitcoin is going to more popular then also it can't disappear as bank the reason educated people can only use bitcoin but in the bank everyone can use it by third person who are educated and who are illiterate for everyone available it.

Why not both ? Nothing from one of these to disappear. Bitcoin and banks actually can work harmoniously, it same can give us some benefits by using it. But for nowadays bitcoin still lose from popular aspect rather than banks.

Yes bitcoin and banks could provide us with the benefits of each different way. Both are very profitable. But if both work together in my opinion is still not possible because it would be very different. Bitcoin can not make banks disappeared and it was not possible.

Yes they have different good tracks that they follow.and there doing good so that our bitcoin can be usable, bitcoin is nothing without banks because we really need it so we can use our bitcoin and turn it to real money, it takes many years,many approvals to different sector and government to bank dissappear by bitcoin but it will not gona happen.

Ryananda

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Quote from: delliaerd on May 10, 2016, 05:35:07 AM

Quote from: sk00t3r on May 10, 2016, 05:08:06 AM

Quote from: Lokfar on May 10, 2016, 02:41:39 AM

It will make banks never disappear and the reason is that there are still a lot of people that is using their normal money so they have to know that he must make it more popular.
And Bitcoin is getting of course more popular but it is not that many used by everyone.

yeah bitcoin is going to more popular then also it can't disappear as bank the reason educated people can only use bitcoin but in the bank everyone can use it by third person who are educated and who are illiterate for everyone available it.

Why not both ? Nothing from one of these to disappear. Bitcoin and banks actually can work harmoniously, it same can give us some benefits by using it. But for nowadays bitcoin still lose from popular aspect rather than banks.

Yes bitcoin and banks could provide us with the benefits of each different way. Both are very profitable. But if both work together in my opinion is still not possible because it would be very different. Bitcoin can not make banks disappeared and it was not possible.

delliaerd

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Quote from: sk00t3r on May 10, 2016, 05:08:06 AM

Quote from: Lokfar on May 10, 2016, 02:41:39 AM

It will make banks never disappear and the reason is that there are still a lot of people that is using their normal money so they have to know that he must make it more popular.
And Bitcoin is getting of course more popular but it is not that many used by everyone.

yeah bitcoin is going to more popular then also it can't disappear as bank the reason educated people can only use bitcoin but in the bank everyone can use it by third person who are educated and who are illiterate for everyone available it.

Why not both ? Nothing from one of these to disappear. Bitcoin and banks actually can work harmoniously, it same can give us some benefits by using it. But for nowadays bitcoin still lose from popular aspect rather than banks.

sk00t3r

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Quote from: Lokfar on May 10, 2016, 02:41:39 AM

It will make banks never disappear and the reason is that there are still a lot of people that is using their normal money so they have to know that he must make it more popular.
And Bitcoin is getting of course more popular but it is not that many used by everyone.

yeah bitcoin is going to more popular then also it can't disappear as bank the reason educated people can only use bitcoin but in the bank everyone can use it by third person who are educated and who are illiterate for everyone available it.

stromma44

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Quote from: xIIImaL on May 10, 2016, 04:56:08 AM

Quote from: BombayChicken on May 10, 2016, 02:58:36 AM

Everybody needs to use paper moneys and bank accounts to pay everything in life so they
wont disappear that easy. But maybe their will come new banks not for just money but for bitcoins
you'll never now what the future will bring you.

I don't think We need to use paper money for long time. Moreover I think we don't need for all banks to disappear. Let them be and let Bitcoin be, they all can coexist and people should use whatever they want. I personally think that Bitcoin is better than banks, but that's just my opinion.

The people who are already using bitcoin will never enter the door steps of banks as they are aware about the qualities and benefits they are getting from bitcoin which is far better then banks.

xIIImaL

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Quote from: BombayChicken on May 10, 2016, 02:58:36 AM

Everybody needs to use paper moneys and bank accounts to pay everything in life so they
wont disappear that easy. But maybe their will come new banks not for just money but for bitcoins
you'll never now what the future will bring you.

I don't think We need to use paper money for long time. Moreover I think we don't need for all banks to disappear. Let them be and let Bitcoin be, they all can coexist and people should use whatever they want. I personally think that Bitcoin is better than banks, but that's just my opinion.

Imoote

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Quote from: peta4e on May 10, 2016, 03:03:57 AM

Quote from: Lokfar on May 10, 2016, 02:41:39 AM

It will make banks never disappear and the reason is that there are still a lot of people that is using their normal money so they have to know that he must make it more popular.
And Bitcoin is getting of course more popular but it is not that many used by everyone.

Bank is the basic necessity of majority of the society, and they need it to save their money and for day to day transactions, and will never leave banks even in future.

Yes absolutely right banks is needed by many people to save money, because banks are not only for transactions but for all things related to money. And it was a very definite banks will never disappear and it was not possible.

peta4e

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Quote from: Lokfar on May 10, 2016, 02:41:39 AM

It will make banks never disappear and the reason is that there are still a lot of people that is using their normal money so they have to know that he must make it more popular.
And Bitcoin is getting of course more popular but it is not that many used by everyone.

Bank is the basic necessity of majority of the society, and they need it to save their money and for day to day transactions, and will never leave banks even in future.

BombayChicken

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Everybody needs to use paper moneys and bank accounts to pay everything in life so they
wont disappear that easy. But maybe their will come new banks not for just money but for bitcoins
you'll never now what the future will bring you.

Lokfar

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It will make banks never disappear and the reason is that there are still a lot of people that is using their normal money so they have to know that he must make it more popular.
And Bitcoin is getting of course more popular but it is not that many used by everyone.

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