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
Topic: Can Bitcoin make Banks disappear? - page 277. (Read 427614 times)
Nope, I thinks bank will not disappear really, Bank might be slowly remove.but it will not disaapear. Banks are very important nah
No, because bitcoins are not a currency. They are a placeholder for currencies like a coupon or casino chip.
Bitcoins although are going in a great improvement and progress, but still they are not in a position now to overcome the banks and other institutions.
We have to give some more time to the bitcoins to achieve this Goal.
We have to give some more time to the bitcoins to achieve this Goal.
Nope!! If the fiat will still exist it banks won't disappear. Also, government won't let that happen. Maybe they will just adapt bitcoin.
In some countries(including mine) you still need to convert btc to fiat in local exchange and cash it out in banks.
In some countries(including mine) you still need to convert btc to fiat in local exchange and cash it out in banks.
Absolutely not,bitcoin not compete banks,and its just like other bank who will stand together with bank,its hard for bitcoin to make banks disappear,everything happen in this world will not make banks disappear.
I honestly do not think that the bitcoin can do this, the banks just have too much power all over the world, they will never let this happen.
The point is that banks are gonna create a own coin and it will most likely will be a lot bigger because its created by banks..
The point is that banks are gonna create a own coin and it will most likely will be a lot bigger because its created by banks..
If banks creates their own coin then bitcoin will face a tough competition from it, and if it is better and innovative then bitcoin then people would simply switch towards it.
I really hope the bitcoin is getting more popular these days, and I hope it will be stable and never disappear.
If bitcoin holds great value in future then it will never face any competition from a new born baby as by that time people would have started to trust bitcoin, and they will invest in a crypto which exists since long time.
I honestly do not think that the bitcoin can do this, the banks just have too much power all over the world, they will never let this happen.
The point is that banks are gonna create a own coin and it will most likely will be a lot bigger because its created by banks..
The point is that banks are gonna create a own coin and it will most likely will be a lot bigger because its created by banks..
If banks creates their own coin then bitcoin will face a tough competition from it, and if it is better and innovative then bitcoin then people would simply switch towards it.
I really hope the bitcoin is getting more popular these days, and I hope it will be stable and never disappear.
I honestly do not think that the bitcoin can do this, the banks just have too much power all over the world, they will never let this happen.
The point is that banks are gonna create a own coin and it will most likely will be a lot bigger because its created by banks..
The point is that banks are gonna create a own coin and it will most likely will be a lot bigger because its created by banks..
If banks creates their own coin then bitcoin will face a tough competition from it, and if it is better and innovative then bitcoin then people would simply switch towards it.
It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
If bitcoin replaces bank place in future means somehow it helpful for simple wage people to get avoid from the bank interest and finance problems. Government also make their transactions so transparent. It would be easy to identify the right party. Bitcoin should replace bank's place in future.
I honestly do not think that the bitcoin can do this, the banks just have too much power all over the world, they will never let this happen.
The point is that banks are gonna create a own coin and it will most likely will be a lot bigger because its created by banks..
The point is that banks are gonna create a own coin and it will most likely will be a lot bigger because its created by banks..
i dont think so....banks are important part of the society
Yeah, you are right dude, still very many people who use bitcoin and need service of bank so much.. they can't leave the bank easily although they also use bitcoin at the same time.
Even all people in the world will use bitcoin it's just an adoption and banks dissapperance is not part of a possible output of this.
No sense at all.
Bitcoin can be the king of currency in future even though banks will always exist, especially in poor countries where people don't have any other alternate option to transact.
i dont think so....banks are important part of the society
Yeah, you are right dude, still very many people who use bitcoin and need service of bank so much.. they can't leave the bank easily although they also use bitcoin at the same time.
Even all people in the world will use bitcoin it's just an adoption and banks dissapperance is not part of a possible output of this.
No sense at all.
The positive trust of banks is only because they are old and have made trust in the people. Also people has no choice as there is no digital currency at the time when banks were there. so there was no competition.
Bitcoin will make banks more profitable as it will cost the cost and save money. So the banks will adopt bitcoin when it is allowed to do so by the authorities, Will see what bank will do in future...
Of course we are seeing that the using in Bitcoin is getting more popular and that is nice for the currency itself.
i dont think so....banks are important part of the society
Yeah, you are right dude, still very many people who use bitcoin and need service of bank so much.. they can't leave the bank easily although they also use bitcoin at the same time.
No bitcoin is much younger for that and it is much weaker to replace banks, also after its establishment and stability it will not able to replace banks even at that time, because banks are not only for saving public money but it is also useful for state financial matters etc.
It's not about how long a thing is. Bitcoin still has the potential to be the global currency. Fiat money is used by people simply because we didn't have any other choice but to use fiat. When we were born, there's fiat money already. Now we have an alternative currency which is bitcoin. Fiat money has a challenger now. There's a competition now in which currency to use. Some people use bitcoin but most people still use fiat money because that's what they used to use and they don't have knowledge about bitcoin.
Put it simply like the competition between bitcoin and fiat has just begun.
i dont think so....banks are important part of the society
The human beings had money before but there's no banks. We lived in a world without banks already, I'm pretty sure we can still live without it. Although there are consequences.
i dont think so....banks are important part of the society
The positive trust of banks is only because they are old and have made trust in the people. Also people has no choice as there is no digital currency at the time when banks were there. so there was no competition.
Bitcoin will make banks more profitable as it will cost the cost and save money. So the banks will adopt bitcoin when it is allowed to do so by the authorities, Will see what bank will do in future...
I am also thinking the same the future of bitcoin is laid in the banks and with the government, I like to happen like that , with that bitcoin will get more stronger support and a big strength, the price will come to a stability and it will become a reliable currency to everyone and after that no one will say that bitcoin died or bitcoin will die.
The positive trust of banks is only because they are old and have made trust in the people. Also people has no choice as there is no digital currency at the time when banks were there. so there was no competition.
Bitcoin will make banks more profitable as it will cost the cost and save money. So the banks will adopt bitcoin when it is allowed to do so by the authorities, Will see what bank will do in future...
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?
absolutely bitcoin cannot make bank dissapear,almost every payment need a bank,and if bitcoin conquer the world,bitcoin will make own bank,and its still called "bank". "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?
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