Can Bitcoin make Banks disappear? - page 273.

voztata

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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.

coinzat

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Young but I'm not that bold

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.

why do you think it will be a serious problem to stop trusting these third parties on our money ?
I know that it won't happen soon and people need more time to understand bitcoin in a deep way then they will discover that banks are useless

Almagro

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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.

torrentheaven

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Bitcoin can never make banks disappear as banks are the most trusted organizations and holds trust from the society, both will survive in future and we need both of them.

mindrust

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Probably not.

At least not in 100 years.

There are still too little people aware of bitcoin's existence and there are some unclear information about bitcoin, which makes it not to be trusted for a decent amount of people.

On the other hand, even though banks aren't perfectly safe, still, mostly, they are safe.

Herbert2020

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Quote from: senyorito123 on May 06, 2016, 08:59:08 AM

Quote from: fravia on May 06, 2016, 08:56:20 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?

well now world are ruled by banks and their money, so if most of world would use bitcoin, people wouldn't need banks they they would disappear and i don't think that they would like bitcoins

but for that lots of people have to use bitcoin, while now just up to 3% of humans use it and that's not enough at all, we need like 75% of humans to use it, then it would be good and banks would disappear

Yeah banks is rulesd and it is spread all over the world and bank have strong fundation by government thats why bitcoin can never make bank dissappear because not all people using bitcoin and many people doubting for using it because of its lack of adoption to business world and price of it is unstable.

i agree that banks are not going to be replaced this easily and bitcoin will probably never replace banks but it is not because of their power or even the government backing them up (may be it is ) but all of that would be only a small part of the reason.
the biggest reason would be because they are useful and people will always need banks for holding their money and giving them loans and ....

senyorito123

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Quote from: fravia on May 06, 2016, 08:56:20 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?

well now world are ruled by banks and their money, so if most of world would use bitcoin, people wouldn't need banks they they would disappear and i don't think that they would like bitcoins

but for that lots of people have to use bitcoin, while now just up to 3% of humans use it and that's not enough at all, we need like 75% of humans to use it, then it would be good and banks would disappear

Yeah banks is rulesd and it is spread all over the world and bank have strong fundation by government thats why bitcoin can never make bank dissappear because not all people using bitcoin and many people doubting for using it because of its lack of adoption to business world and price of it is unstable.

Thoth-

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No.

Bank rule the world and BTC is an experiment in open books and no cash society

fravia

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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?

well now world are ruled by banks and their money, so if most of world would use bitcoin, people wouldn't need banks they they would disappear and i don't think that they would like bitcoins

but for that lots of people have to use bitcoin, while now just up to 3% of humans use it and that's not enough at all, we need like 75% of humans to use it, then it would be good and banks would disappear

DuckKeeper

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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.

JumperX

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Quote from: Ryananda on May 06, 2016, 07:49:54 AM

Quote from: saiha on May 05, 2016, 02:02:23 AM

Of course no, as long as fiat money exist and current money is runned and controlled by the government. Banks will still do exist and people are trusting banks rather than bitcoin wallets.
Because you are sure that someone is protecting your money in bank.

Yes absolutely right banks will not disappear because bitcoin and that I think is not going to happen. Because banks have been trusted by many people and bitcoin still beebrapa people who know. If bitcoin experience the glory and even then will not make banks disappear because digital money and real money different uses and so does not affect each other.

Yeah people who don't have any connection with digital world will continue to use banking system as they feel everything that is offered on internet is a scam.

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Quote from: romero121 on May 05, 2016, 02:04:42 AM

Quote from: Xialla on May 05, 2016, 01:44:41 AM

no, because people don't want to accept the risk, which is vital part of running "own bank".

Well described. People have the eagerness to accept risks, but when it tries to overrule them the situation changes. So as most users suggestion replacing of bank won't happen.

Just thinking about the conclusion first will make it really scary. Banks have been there and they are really history to tell. But we dont really know if it is helping us. Some people just dont want to think about that. What are the reasons why bank are there? I think in old age the main reason was always about their profit in terms of offering people a loan.

Ryananda

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Quote from: saiha on May 05, 2016, 02:02:23 AM

Of course no, as long as fiat money exist and current money is runned and controlled by the government. Banks will still do exist and people are trusting banks rather than bitcoin wallets.
Because you are sure that someone is protecting your money in bank.

Yes absolutely right banks will not disappear because bitcoin and that I think is not going to happen. Because banks have been trusted by many people and bitcoin still beebrapa people who know. If bitcoin experience the glory and even then will not make banks disappear because digital money and real money different uses and so does not affect each other.

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Quote from: Xialla on May 05, 2016, 01:44:41 AM

no, because people don't want to accept the risk, which is vital part of running "own bank".

Well described. People have the eagerness to accept risks, but when it tries to overrule them the situation changes. So as most users suggestion replacing of bank won't happen.

saiha

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Of course no, as long as fiat money exist and current money is runned and controlled by the government. Banks will still do exist and people are trusting banks rather than bitcoin wallets.
Because you are sure that someone is protecting your money in bank.

Xialla

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no, because people don't want to accept the risk, which is vital part of running "own bank".

Imoote

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Quote from: MingLee on May 04, 2016, 08:06:28 PM

Quote from: machinek20 on May 04, 2016, 07:54:17 PM

bank is always safe than bitcoin, you see it exist from long time, bitcoin is never can popular if government still not want use

Banks are safer because they have the ability to move numbers to other banks and say that money was actually moved.

You can always make your Bitcoin completely safe by taking it and moving it to a completely secure site and making sure the private key was completely erased from any sort of database ever.

Yes banks guaranteed by the government so that the security of keeping money that's for sure. Bitcoin is a digital currency and I think still vulnerable hacked. But I believe bitcoin will grow to be better, and the development of bitcoin later in my opinion will not make banks disappear.

Ryananda

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Yes maybe the private banks could disappear, but I think the national banks could not disappear because it will get full protection from the government. And the banks will not be lost in total. Banks will still be there and I think bitcoin could not make banks disappear because it seems to me unlikely all.

MingLee

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Quote from: machinek20 on May 04, 2016, 07:54:17 PM

bank is always safe than bitcoin, you see it exist from long time, bitcoin is never can popular if government still not want use

Banks are safer because they have the ability to move numbers to other banks and say that money was actually moved.

You can always make your Bitcoin completely safe by taking it and moving it to a completely secure site and making sure the private key was completely erased from any sort of database ever.

uname

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Quote from: machinek20 on May 04, 2016, 07:54:17 PM

bank is always safe than bitcoin, you see it exist from long time, bitcoin is never can popular if government still not want use

all keys adoption and opening a mass adoption is from the government. if the government continued to restrict bitcoin. then the bank will continue to live and be the safest place to save money

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