Can Bitcoin make Banks disappear? - page 280.

DuckKeeper

sr. member

Activity: 364

Merit: 250

Quote from: BitHodler on April 19, 2016, 04:22:09 AM

Quote from: Oscoda on April 19, 2016, 04:02:53 AM

No banks are too strong and also have too much power to let them disappear, I honestly think this will never happen.
Its just not possible, the banks will never let the bitcoin win.

Governments and banks will indeed never let Bitcoin come too close as that can harm their economy and way of doing business. It will never happen.

I prefer to just focus on what's important, and that's seeing the adoption of Bitcoin grow and that more average joe people will start with using Bitcoin. That's much more of importance to me.

It can only make it disappear if Bitcoin is really popular and that is not the case now because many people are still using their banks and that is the problem.
So we actually cant talk about it now, because Bitcoin is not that popular.

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

Quote from: bitbullbarbados on April 20, 2016, 12:36:54 AM

I think Bitcoin can only replace hard currency/banks when the ease of use, security and reliability are all in place together. Humans have a tendency to mess good things up.

I beg to disagree crypto cant replace bank status because it has strong foundation also controlled and have law by the government bitcoin cant never make bank dissapear because bitcoin need banks so it will b usefull. And bank is the most safest storage of money on earth than any other cloud wallet existing.

vero

hero member

Activity: 518

Merit: 500

Quote from: Mumbeeptind1963 on April 19, 2016, 05:48:09 AM

I think it is possible when the bank is bankcrupt..
Correct me if im wrong? Im accepting if im wrong. But you need to correct me.

agree, banks could insolvent moreover it is a private bank even national bank could go bankrupt too we can look at the case of Greece.

bitbullbarbados

full member

Activity: 179

Merit: 102

I think Bitcoin can only replace hard currency/banks when the ease of use, security and reliability are all in place together. Humans have a tendency to mess good things up.

Corenin

legendary

Activity: 1008

Merit: 1000

Quote from: Hugroll on April 19, 2016, 05:19:29 PM

bitcoin is a great digital currency in my opinion. but thats what limits it. real tangible bitcoins are never gonna become a thing and thats exactly what banks allow you to do. you can walk into a bank and walk out with cash. in person transactions are a lot smoother and faster than bitcoin transactions to be honest.

Compare the life of banks with bitcon and you will get your answer, no doubt bitcoin is helping us in many ways but it don't hold that power to replace banks so easily and that's a fact.

Hugroll

hero member

Activity: 756

Merit: 500

bitcoin is a great digital currency in my opinion. but thats what limits it. real tangible bitcoins are never gonna become a thing and thats exactly what banks allow you to do. you can walk into a bank and walk out with cash. in person transactions are a lot smoother and faster than bitcoin transactions to be honest.

fkvidar

hero member

Activity: 924

Merit: 1000

Quote from: adomers on April 19, 2016, 04:55:46 PM

Quote from: avw1982 on April 19, 2016, 12:41:49 PM

Quote from: jamesl22 on April 19, 2016, 12:29:20 PM

Banks will never go anywhere, banks will never disappear, as banks are into its opeartions since ages and it enjoys huge market cap and people always need banks to transfer their bitcoin to their bank accounts.

I don't think that banks may disappear even bitcoin is on high demand. Still banks will operate at this times, but banks may operate or transact with bitcoins.

I dont think it is possible. It can only reduce the normal banks. Many people need the normal banks and that is very important.

Banks are the basic necessities of a normal human being who is not aware about the digital world, he will never even use net banking services, so expecting from him to use bitcoin is something strange.

adomers

newbie

Activity: 42

Merit: 0

Quote from: avw1982 on April 19, 2016, 12:41:49 PM

Quote from: jamesl22 on April 19, 2016, 12:29:20 PM

Banks will never go anywhere, banks will never disappear, as banks are into its opeartions since ages and it enjoys huge market cap and people always need banks to transfer their bitcoin to their bank accounts.

I don't think that banks may disappear even bitcoin is on high demand. Still banks will operate at this times, but banks may operate or transact with bitcoins.

I dont think it is possible. It can only reduce the normal banks. Many people need the normal banks and that is very important.

avw1982

hero member

Activity: 644

Merit: 500

Quote from: jamesl22 on April 19, 2016, 12:29:20 PM

Banks will never go anywhere, banks will never disappear, as banks are into its opeartions since ages and it enjoys huge market cap and people always need banks to transfer their bitcoin to their bank accounts.

I don't think that banks may disappear even bitcoin is on high demand. Still banks will operate at this times, but banks may operate or transact with bitcoins.

jamesl22

sr. member

Activity: 392

Merit: 250

Banks will never go anywhere, banks will never disappear, as banks are into its opeartions since ages and it enjoys huge market cap and people always need banks to transfer their bitcoin to their bank accounts.

FowardtoVictory

newbie

Activity: 29

Merit: 0

Quote from: Oscoda on April 19, 2016, 04:02:53 AM

No banks are too strong and also have too much power to let them disappear, I honestly think this will never happen.
Its just not possible, the banks will never let the bitcoin win.

I'm glad we're on the same page at least. Most of the time people sell their Bitcoin, so what do they sell it to without fiat....?

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: jerowacik on April 19, 2016, 05:06:16 AM

bitcoin bank can make disappear. bitcoin has enormous power. bitcoin could destroy the current bank business. most major roads bitcoin is to be recognized by the government and guaranteed by a financial institution that is reliable !!!

Any valid basis of this claims?

Mumbeeptind1963

hero member

Activity: 1190

Merit: 568

Sovryn - Brings DeFi to Bitcoin

I think it is possible when the bank is bankcrupt..
Correct me if im wrong? Im accepting if im wrong. But you need to correct me.

MaritiJames3

sr. member

Activity: 448

Merit: 250

Quote from: BitHodler on April 19, 2016, 04:22:09 AM

Quote from: Oscoda on April 19, 2016, 04:02:53 AM

No banks are too strong and also have too much power to let them disappear, I honestly think this will never happen.
Its just not possible, the banks will never let the bitcoin win.

Governments and banks will indeed never let Bitcoin come too close as that can harm their economy and way of doing business. It will never happen.

I prefer to just focus on what's important, and that's seeing the adoption of Bitcoin grow and that more average joe people will start with using Bitcoin. That's much more of importance to me.

It can only disappear if Bitcoin is almost used by everyone and that will not happen soon as you can see you see that there are a lot of people is still using their money.
So you have to first change that otherwise it will be not possible and I think it will only happen after some 10 years.

jerowacik

legendary

Activity: 1162

Merit: 1000

bitcoin bank can make disappear. bitcoin has enormous power. bitcoin could destroy the current bank business. most major roads bitcoin is to be recognized by the government and guaranteed by a financial institution that is reliable !!!

ultimatesky

hero member

Activity: 714

Merit: 500

SkyFall

The bitcoin can never achieve this, I think most likely even the opposite gonna happen and this is that banks are gonna let the bitcoin disappear.
Banks are already busy with making their own coins so I think that is already saying enough..

Yaupgitda

sr. member

Activity: 455

Merit: 250

Quote from: bestluck on April 19, 2016, 04:57:40 AM

Quote from: BitHodler on April 19, 2016, 04:22:09 AM

Quote from: Oscoda on April 19, 2016, 04:02:53 AM

No banks are too strong and also have too much power to let them disappear, I honestly think this will never happen.
Its just not possible, the banks will never let the bitcoin win.

Governments and banks will indeed never let Bitcoin come too close as that can harm their economy and way of doing business. It will never happen.

I prefer to just focus on what's important, and that's seeing the adoption of Bitcoin grow and that more average joe people will start with using Bitcoin. That's much more of importance to me.

I don't think that bitcoin is going to harm the economy of banks and government, it will benefit them if they adopt it, bitcoin is a benefiting currency and it will benefit everyone who will adopt it, I think in future they will create a way to adopt it and to run with it.

That is my thoughts as well. Bitcoin or the underlying will cut the cost of most business. It will make them lots of profit.

bestluck

hero member

Activity: 658

Merit: 500

Quote from: BitHodler on April 19, 2016, 04:22:09 AM

Quote from: Oscoda on April 19, 2016, 04:02:53 AM

No banks are too strong and also have too much power to let them disappear, I honestly think this will never happen.
Its just not possible, the banks will never let the bitcoin win.

Governments and banks will indeed never let Bitcoin come too close as that can harm their economy and way of doing business. It will never happen.

I prefer to just focus on what's important, and that's seeing the adoption of Bitcoin grow and that more average joe people will start with using Bitcoin. That's much more of importance to me.

I don't think that bitcoin is going to harm the economy of banks and government, it will benefit them if they adopt it, bitcoin is a benefiting currency and it will benefit everyone who will adopt it, I think in future they will create a way to adopt it and to run with it.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: BitHodler on April 19, 2016, 04:22:09 AM

Quote from: Oscoda on April 19, 2016, 04:02:53 AM

No banks are too strong and also have too much power to let them disappear, I honestly think this will never happen.
Its just not possible, the banks will never let the bitcoin win.

Governments and banks will indeed never let Bitcoin come too close as that can harm their economy and way of doing business. It will never happen.

I prefer to just focus on what's important, and that's seeing the adoption of Bitcoin grow and that more average joe people will start with using Bitcoin. That's much more of importance to me.

Yeah i think it it will not happen also because banks have strong foundation for its existance banks have many investor and lenders on its hand And they earn big money in busines and they have huge contribute to the economy in the country were they originated whilr bitcoin is relying to banks so that we can use it and easy to cashout without banks bitcoin is useless and it will never grow.

BitHodler

legendary

Activity: 1526

Merit: 1179

Quote from: Oscoda on April 19, 2016, 04:02:53 AM

No banks are too strong and also have too much power to let them disappear, I honestly think this will never happen.
Its just not possible, the banks will never let the bitcoin win.

Governments and banks will indeed never let Bitcoin come too close as that can harm their economy and way of doing business. It will never happen.

I prefer to just focus on what's important, and that's seeing the adoption of Bitcoin grow and that more average joe people will start with using Bitcoin. That's much more of importance to me.

Topic: Can Bitcoin make Banks disappear? - page 280. (Read 427614 times)