Can Bitcoin make Banks disappear? - page 276.

diegz

hero member

Activity: 798

Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: Doms on April 26, 2016, 09:23:57 PM

I'm not trying to sound negative but there's a also a possibility that banks can make bitcoin disappear. You ask me how? Banks might come up with their own version of a regulated bitcoin like product. Since banks have been around and people see them as trustworthy companies, people would think that their money would be safer there and they would have options to choose from in terms of what they'd like to invest on.

I agree with this..banks have survive years..Maybe because of adopting to new situations...So I think if bitcoin would go mainstream, banks would also think of what they can offer to counter and slow down bitcoin, so probably adoption of new technology like blockchain would be a great idea for banks...

Vaskiy

legendary

Activity: 2646

Merit: 1106

DGbet.fun - Crypto Sportsbook

Quote from: Imoote on April 26, 2016, 09:01:28 PM

Quote from: senyorito123 on April 26, 2016, 08:15:21 AM

Quote from: Labumi on April 26, 2016, 08:04:34 AM

Quote from: Akupuniard on April 25, 2016, 10:39:11 PM

No no no, bitcoin is so weak agains bank and goverment. Bitcoin is the best cryto currency nowdays and it's already cool to use it, why it need to make banks disapper?

true, the banks will not disappear if everyone using Bitcoin in various transactions. Because the Bank is the only safe place to store money. Most likely future Bitcoin only as means of payment are seldom far and for storage of money all the people still Trust Bank as storage of money's safest in the world. So Bitcoin will live and live. Bitcoin only as a complement and complement

Yeah thats true because bank is the safest place to store their money i dont think many people will stake to save their money in floating wallet online because it is prone on hacking. And bitcoin relays banks thats why bitcoin cannot make bank dissapears. And investors and people prepare banks than bitcoin wallets to do safe storing place for their hard money. Government will not allow it also because strong law is implemented on banks

Yes I think it's true once you explain in detail why banks can not disappear because bitcoin. Because banks and the money is needed by the government and its role is very great. Very unlikely bitcoin can make disappear banks because banks will certainly protected by the government as a whole.

Yeah government won't accept bitcoin legally, so it can never replace banks as banks store the country's financial holdings. Also most of the people think that banks will be safe to put their money within.

Doms

hero member

Activity: 714

Merit: 500

I'm not trying to sound negative but there's a also a possibility that banks can make bitcoin disappear. You ask me how? Banks might come up with their own version of a regulated bitcoin like product. Since banks have been around and people see them as trustworthy companies, people would think that their money would be safer there and they would have options to choose from in terms of what they'd like to invest on.

Imoote

sr. member

Activity: 714

Merit: 250

Quote from: senyorito123 on April 26, 2016, 08:15:21 AM

Quote from: Labumi on April 26, 2016, 08:04:34 AM

Quote from: Akupuniard on April 25, 2016, 10:39:11 PM

No no no, bitcoin is so weak agains bank and goverment. Bitcoin is the best cryto currency nowdays and it's already cool to use it, why it need to make banks disapper?

true, the banks will not disappear if everyone using Bitcoin in various transactions. Because the Bank is the only safe place to store money. Most likely future Bitcoin only as means of payment are seldom far and for storage of money all the people still Trust Bank as storage of money's safest in the world. So Bitcoin will live and live. Bitcoin only as a complement and complement

Yeah thats true because bank is the safest place to store their money i dont think many people will stake to save their money in floating wallet online because it is prone on hacking. And bitcoin relays banks thats why bitcoin cannot make bank dissapears. And investors and people prepare banks than bitcoin wallets to do safe storing place for their hard money. Government will not allow it also because strong law is implemented on banks

Yes I think it's true once you explain in detail why banks can not disappear because bitcoin. Because banks and the money is needed by the government and its role is very great. Very unlikely bitcoin can make disappear banks because banks will certainly protected by the government as a whole.

Altynbekova

sr. member

Activity: 476

Merit: 250

Quote from: Labumi on April 26, 2016, 08:04:34 AM

Quote from: Akupuniard on April 25, 2016, 10:39:11 PM

No no no, bitcoin is so weak agains bank and goverment. Bitcoin is the best cryto currency nowdays and it's already cool to use it, why it need to make banks disapper?

true, the banks will not disappear if everyone using Bitcoin in various transactions. Because the Bank is the only safe place to store money. Most likely future Bitcoin only as means of payment are seldom far and for storage of money all the people still Trust Bank as storage of money's safest in the world. So Bitcoin will live and live. Bitcoin only as a complement and complement

Banks hold much trust by many companies. I am positive they will not be able to leave their bank. It is also that bank offers services like insurance etc.
So people will use them for their insurance services.

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

Quote from: Labumi on April 26, 2016, 08:04:34 AM

Quote from: Akupuniard on April 25, 2016, 10:39:11 PM

No no no, bitcoin is so weak agains bank and goverment. Bitcoin is the best cryto currency nowdays and it's already cool to use it, why it need to make banks disapper?

true, the banks will not disappear if everyone using Bitcoin in various transactions. Because the Bank is the only safe place to store money. Most likely future Bitcoin only as means of payment are seldom far and for storage of money all the people still Trust Bank as storage of money's safest in the world. So Bitcoin will live and live. Bitcoin only as a complement and complement

Yeah thats true because bank is the safest place to store their money i dont think many people will stake to save their money in floating wallet online because it is prone on hacking. And bitcoin relays banks thats why bitcoin cannot make bank dissapears. And investors and people prepare banks than bitcoin wallets to do safe storing place for their hard money. Government will not allow it also because strong law is implemented on banks

Labumi

hero member

Activity: 756

Merit: 500

Quote from: Akupuniard on April 25, 2016, 10:39:11 PM

No no no, bitcoin is so weak agains bank and goverment. Bitcoin is the best cryto currency nowdays and it's already cool to use it, why it need to make banks disapper?

true, the banks will not disappear if everyone using Bitcoin in various transactions. Because the Bank is the only safe place to store money. Most likely future Bitcoin only as means of payment are seldom far and for storage of money all the people still Trust Bank as storage of money's safest in the world. So Bitcoin will live and live. Bitcoin only as a complement and complement

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: zerocharisma on April 26, 2016, 07:41:22 AM

Quote from: Betwrong on April 26, 2016, 04:09:34 AM

Quote from: Moze on April 26, 2016, 04:03:39 AM

Bitcoin is here to stay. Banks are here from 300 yrs, so they will stay too, but in a different form.

I agree. Banks will not disappear because so many things are connected to them and it's hard to imagine that Bitcoin will take over all of those operations. 20 years from now they might disappear though.

I don't think in 20 years they disappear. Maybe it will happen in some countries but not all. Some banks are already adapting to blockchain technology so maybe they will make another way. It's really hard to say that they disappear because as we all know the government won't let that happen.

I bet in 20 years some banks will allow bitcoin service too. Aside from fiat, you can withdraw and/or deposit bitcoins.

zerocharisma

full member

Activity: 224

Merit: 100

Quote from: Betwrong on April 26, 2016, 04:09:34 AM

Quote from: Moze on April 26, 2016, 04:03:39 AM

Bitcoin is here to stay. Banks are here from 300 yrs, so they will stay too, but in a different form.

I agree. Banks will not disappear because so many things are connected to them and it's hard to imagine that Bitcoin will take over all of those operations. 20 years from now they might disappear though.

I don't think in 20 years they disappear. Maybe it will happen in some countries but not all. Some banks are already adapting to blockchain technology so maybe they will make another way. It's really hard to say that they disappear because as we all know the government won't let that happen.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: Moze on April 26, 2016, 04:03:39 AM

Bitcoin is here to stay. Banks are here from 300 yrs, so they will stay too, but in a different form.

I agree. Banks will not disappear because so many things are connected to them and it's hard to imagine that Bitcoin will take over all of those operations. 20 years from now they might disappear though.

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

Quote from: terman45x on April 26, 2016, 03:57:47 AM

Quote from: AzibLala007 on April 26, 2016, 03:55:04 AM

yes that is right that bitcoin can replace banks but the banks cannot be disappeared by the bitcoin network because the banks are the most reliable place to deposit your money not bitcoin. in that bitcoin network your money is not secure because of bugs and fake members and especially the hackers. your account can hacked or money could be lost if password is lost or acount could be deleted. but if banks lose your money it is responsible to give you your money.
in bitcoin you can not retrieve your money.

Yes banks holds the responsibility of its users in case anything wrong goes with their savings and if its bank's fault they will help in recovering your money, and that is not possible with bitcoin.

I doubt that it will be happen no program or sytem can replace banks but it still exist due to law of government implemented to it and i think bitcoin cant never ever make bank dissapear because bitcoin relay On banks si it can be exchange and be used without bank bitcoin is nothing and thats very impossible idea for bitcoins state.

Moze

newbie

Activity: 1

Merit: 0

Bitcoin is here to stay. Banks are here from 300 yrs, so they will stay too, but in a different form.

terman45x

hero member

Activity: 840

Merit: 1000

Quote from: AzibLala007 on April 26, 2016, 03:55:04 AM

yes that is right that bitcoin can replace banks but the banks cannot be disappeared by the bitcoin network because the banks are the most reliable place to deposit your money not bitcoin. in that bitcoin network your money is not secure because of bugs and fake members and especially the hackers. your account can hacked or money could be lost if password is lost or acount could be deleted. but if banks lose your money it is responsible to give you your money.
in bitcoin you can not retrieve your money.

Yes banks holds the responsibility of its users in case anything wrong goes with their savings and if its bank's fault they will help in recovering your money, and that is not possible with bitcoin.

AzibLala007

newbie

Activity: 56

Merit: 0

yes that is right that bitcoin can replace banks but the banks cannot be disappeared by the bitcoin network because the banks are the most reliable place to deposit your money not bitcoin. in that bitcoin network your money is not secure because of bugs and fake members and especially the hackers. your account can hacked or money could be lost if password is lost or acount could be deleted. but if banks lose your money it is responsible to give you your money.
in bitcoin you can not retrieve your money.

co5hike

hero member

Activity: 798

Merit: 1000

Quote from: NewInCryptoCurrency on April 26, 2016, 02:59:31 AM

Quote from: Shinpako09 on April 25, 2016, 10:29:10 PM

Quote from: BrewMaster on April 25, 2016, 10:20:22 PM

yeah, i think it can easily replace banks

but it will take a very long times to reach that level of power to replace banks

Easily? I dont think so bitcoin can easily replace the bank. Its like a tradition of everyone, bank will always be there no matter what. And there is still a lot of people who would still choose bank to store their money specially businessmen.

Bitcoin on itself is a strong currency around this time but it is not that popular that it can make the banks disappear and that will be also quite bad if that is happening.
It would be nice if there will be of course a lot of people that is going to use Bitcoin, but we have to promote it more.

Really difficult to imagine that scenario, as bitcoin is too young in front of banking system and banks are the mother of all, bitcoin will need strong and powerful reason to replace banks which seems to be impossible at a moment.

NewInCryptoCurrency

sr. member

Activity: 326

Merit: 250

Quote from: Shinpako09 on April 25, 2016, 10:29:10 PM

Quote from: BrewMaster on April 25, 2016, 10:20:22 PM

yeah, i think it can easily replace banks

but it will take a very long times to reach that level of power to replace banks

Easily? I dont think so bitcoin can easily replace the bank. Its like a tradition of everyone, bank will always be there no matter what. And there is still a lot of people who would still choose bank to store their money specially businessmen.

Bitcoin on itself is a strong currency around this time but it is not that popular that it can make the banks disappear and that will be also quite bad if that is happening.
It would be nice if there will be of course a lot of people that is going to use Bitcoin, but we have to promote it more.

BitcoinSupremo

copper member

Activity: 1442

Merit: 529

Quote from: ?? on ??

Quote from: Akupuniard on April 25, 2016, 10:39:11 PM

No no no, bitcoin is so weak agains bank and goverment. Bitcoin is the best cryto currency nowdays and it's already cool to use it, why it need to make banks disapper?

I thinkits not that much weak, we need both banks and wallets because till now we need the banking services to promote better the Bitcoin and convince more people to support it as we can convert it into fiat easily...

Thats a very strong point of bitcoin in which all of us should focus more to promote it more. If people know how easily is to convert bitcoin to Fiat then it is inevitably that there will be more and more people embracing it and therefore making it stronger.

ingenuity

full member

Activity: 140

Merit: 100

Quote from: ?? on ??

Quote from: Akupuniard on April 25, 2016, 10:39:11 PM

No no no, bitcoin is so weak agains bank and goverment. Bitcoin is the best cryto currency nowdays and it's already cool to use it, why it need to make banks disapper?

I thinkits not that much weak, we need both banks and wallets because till now we need the banking services to promote better the Bitcoin and convince more people to support it as we can convert it into fiat easily...

Yep i think it will not disappear, It maybe Combined their uses, Ihave a btc wallet that i can transfer to my bank account easily

Akupuniard

sr. member

Activity: 406

Merit: 250

No no no, bitcoin is so weak agains bank and goverment. Bitcoin is the best cryto currency nowdays and it's already cool to use it, why it need to make banks disapper?

Shinpako09

legendary

Activity: 2058

Merit: 1015

Quote from: BrewMaster on April 25, 2016, 10:20:22 PM

yeah, i think it can easily replace banks

but it will take a very long times to reach that level of power to replace banks

Easily? I dont think so bitcoin can easily replace the bank. Its like a tradition of everyone, bank will always be there no matter what. And there is still a lot of people who would still choose bank to store their money specially businessmen.

Topic: Can Bitcoin make Banks disappear? - page 276. (Read 427614 times)