Can Bitcoin make Banks disappear? - page 272.

JumperX

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Quote from: bitlancr on May 07, 2016, 06:03:53 PM

Quote from: _Miracle on May 07, 2016, 04:50:18 PM

Bitcoin or something like it will change banking. BUT banks will be around for a long time (at least the ones who adapt ;-).

Maybe there will change something but I think there will not change a lot to be honest because banks are way powerful and I think the bitcoin can not really do a lot at banks, the banks will soon or later even win and not disappear.

Banks will always win, they have support from the Government and the society, people trusts banks blindly but they don't share same feelings for bitcoin.

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Quote from: _Miracle on May 07, 2016, 04:50:18 PM

Bitcoin or something like it will change banking. BUT banks will be around for a long time (at least the ones who adapt ;-).

Maybe there will change something but I think there will not change a lot to be honest because banks are way powerful and I think the bitcoin can not really do a lot at banks, the banks will soon or later even win and not disappear.

angaper

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I have no doubt that banks need to change their way of doing business, but I don't think the current bitcoin model has the potential enough to displace the banks, at least in the next years. Of course I think the blockchain is revolutionizing many things in financial world, but it will take much time to be totally implemented.

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Bitcoin or something like it will change banking. BUT banks will be around for a long time (at least the ones who adapt ;-).

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Quote from: dhimasnk on May 07, 2016, 04:03:44 AM

I do not think it possible. banks are still too strong and not easily bitcoin to make bank dissappea

Yes true I also think like that. Bitcoin can not make banks disappear because it was impossible. Banks and bitcoin is also very different and they can not affect each other.

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Quote from: dhimasnk on May 07, 2016, 04:03:44 AM

I do not think it possible. banks are still too strong and not easily bitcoin to make bank dissappea

Banks are the most strong financial institutions that we have today and bitcoin will need a strong reason to replace it which seems to be impossible.

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I do not think it possible. banks are still too strong and not easily bitcoin to make bank dissappea

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Quote from: knowhow on May 07, 2016, 01:50:20 AM

Bitcoin is an option to avoid fees and the control that banks has at people money,bitcoin havent borned to kill the current financial system,but as an option and allowing anyone to have plenty control of their money.

That's true and I think people will use both as they need both of them, for online transfer they will use bitcoin and for saving their money bank is the best place.

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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. Just my opinion.

Tanic

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I think banks will never disappear. They will add more and more funktions to satisfy as much interests of people and themselves as it possible. So it can change name in the future or something else, but it will stay it's main function - earning money on peoples' wishes.

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Bitcoin is an option to avoid fees and the control that banks has at people money,bitcoin havent borned to kill the current financial system,but as an option and allowing anyone to have plenty control of their money.

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Quote from: OrangeII on May 06, 2016, 01:41:00 PM

Quote from: noormcs5 on May 06, 2016, 01:19:57 PM

Quote from: Almagro on May 06, 2016, 09:26:07 AM

Still this thread is full of hopes that bitcoin will replace banks. Please think first some possible consequences if ever the banking system will be gone and will just replaced by bitcoin. That is really a serious problem so let's just enjoy those two.

I think that one day banks will be replaced by the bitcoins. But which will be that day?
Thats the question Unanswered. We need to wait for this to happen.

I think bitcoin will not replace bank. the wider community has been very trust banks, almost all the people in this forum have a bank account, it's because we all need it

Yes very true we need banks to save money and transact. People also are familiar with banks for a long time and certainly very necessary once. So it is very unlikely banks disappear here.

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Quote from: noormcs5 on May 06, 2016, 01:19:57 PM

Quote from: Almagro on May 06, 2016, 09:26:07 AM

Still this thread is full of hopes that bitcoin will replace banks. Please think first some possible consequences if ever the banking system will be gone and will just replaced by bitcoin. That is really a serious problem so let's just enjoy those two.

I think that one day banks will be replaced by the bitcoins. But which will be that day?
Thats the question Unanswered. We need to wait for this to happen.

I think bitcoin will not replace bank. the wider community has been very trust banks, almost all the people in this forum have a bank account, it's because we all need it

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Quote from: Almagro on May 06, 2016, 09:26:07 AM

Still this thread is full of hopes that bitcoin will replace banks. Please think first some possible consequences if ever the banking system will be gone and will just replaced by bitcoin. That is really a serious problem so let's just enjoy those two.

I think that one day banks will be replaced by the bitcoins. But which will be that day?
Thats the question Unanswered. We need to wait for this to happen.

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Quote from: romero121 on May 06, 2016, 11:23:49 AM

Quote from: umaOuma on May 06, 2016, 10:46:36 AM

Quote from: voztata on May 06, 2016, 10:43:37 AM

Quote from: DuckKeeper on May 06, 2016, 08:32:23 AM

It will only make it disappear when there will be a lot of people that is going to use Bitcoin otherwise it will be not possible for them and that will takes indeed a long time.
So you have to know that there will be a lot of people must promote Bitcoin to disappear the Bitcoin.

What? I'm highly confused of what you said. People must promote Bitcoin so bitcoin would disappear? What? That's very contradicting what you said there. How can bitcoin disappear if people must promote them? Or do you mean 'people must promote Bitcoin to disappear banks' ? Well even so, I have to tell you that that would be nearly impossible.

Even if bitcoin is promoted on highest level it can never make banks disappear, what about poor and illiterate people who only knows banking system.

Exactly if bitcoin goes increasing on the highest level of development, there will be people who depend upon fiat as bitcoin can be used only by person who have at least some skill in computer and internet.

Bitcoin will be only used by those who loves to spend money online, and rest will continue to use fiat and for that they need banks to take care of their savings and transactions.

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Quote from: umaOuma on May 06, 2016, 10:46:36 AM

Quote from: voztata on May 06, 2016, 10:43:37 AM

Quote from: DuckKeeper on May 06, 2016, 08:32:23 AM

It will only make it disappear when there will be a lot of people that is going to use Bitcoin otherwise it will be not possible for them and that will takes indeed a long time.
So you have to know that there will be a lot of people must promote Bitcoin to disappear the Bitcoin.

What? I'm highly confused of what you said. People must promote Bitcoin so bitcoin would disappear? What? That's very contradicting what you said there. How can bitcoin disappear if people must promote them? Or do you mean 'people must promote Bitcoin to disappear banks' ? Well even so, I have to tell you that that would be nearly impossible.

Even if bitcoin is promoted on highest level it can never make banks disappear, what about poor and illiterate people who only knows banking system.

Exactly if bitcoin goes increasing on the highest level of development, there will be people who depend upon fiat as bitcoin can be used only by person who have at least some skill in computer and internet.

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Quote from: Wapinter on May 06, 2016, 11:00:43 AM

Quote from: Almagro on May 06, 2016, 09:26:07 AM

Still this thread is full of hopes that bitcoin will replace banks. Please think first some possible consequences if ever the banking system will be gone and will just replaced by bitcoin. That is really a serious problem so let's just enjoy those two.

Thats what I also say.Bitcoin and traditional banking system can go hand in hand.We do not need one to disappear for other to grow or exist.It like comparing apples and oranges

I think also like that. bitcoin bank and I think it's like one. nothing needs to be removed, the two of them tends ideal place for businessmen, banks and bitcoin have their respective advantages.

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Quote from: Almagro on May 06, 2016, 09:26:07 AM

Still this thread is full of hopes that bitcoin will replace banks. Please think first some possible consequences if ever the banking system will be gone and will just replaced by bitcoin. That is really a serious problem so let's just enjoy those two.

Thats what I also say.Bitcoin and traditional banking system can go hand in hand.We do not need one to disappear for other to grow or exist.It like comparing apples and oranges

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Quote from: umaOuma on May 06, 2016, 10:46:36 AM

Quote from: voztata on May 06, 2016, 10:43:37 AM

Quote from: DuckKeeper on May 06, 2016, 08:32:23 AM

It will only make it disappear when there will be a lot of people that is going to use Bitcoin otherwise it will be not possible for them and that will takes indeed a long time.
So you have to know that there will be a lot of people must promote Bitcoin to disappear the Bitcoin.

What? I'm highly confused of what you said. People must promote Bitcoin so bitcoin would disappear? What? That's very contradicting what you said there. How can bitcoin disappear if people must promote them? Or do you mean 'people must promote Bitcoin to disappear banks' ? Well even so, I have to tell you that that would be nearly impossible.

Even if bitcoin is promoted on highest level it can never make banks disappear, what about poor and illiterate people who only knows banking system.

It does not seem to be possible that banks might disappear so fast since the world is full of banks and surrounded by banking system and even though bitcoins become very popular but still public will have some need of banks always. Instead we can expect that banks would start adopting bitcoins since they need bitcoins for their survival in future.

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Quote from: voztata on May 06, 2016, 10:43:37 AM

Quote from: DuckKeeper on May 06, 2016, 08:32:23 AM

It will only make it disappear when there will be a lot of people that is going to use Bitcoin otherwise it will be not possible for them and that will takes indeed a long time.
So you have to know that there will be a lot of people must promote Bitcoin to disappear the Bitcoin.

What? I'm highly confused of what you said. People must promote Bitcoin so bitcoin would disappear? What? That's very contradicting what you said there. How can bitcoin disappear if people must promote them? Or do you mean 'people must promote Bitcoin to disappear banks' ? Well even so, I have to tell you that that would be nearly impossible.

Even if bitcoin is promoted on highest level it can never make banks disappear, what about poor and illiterate people who only knows banking system.

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