Topic: Can Bitcoin make Banks disappear? - page 282. (Read 427614 times)
Nope. Bitcoin can not make bank companies just go away. Where would people store their money then? And also there are millions/billions/trillions of paper money out there. The society will not just dump those in exchange to bitcoin. I'm pretty sure bank companies would do something if bitcoin turns over.
I think no.because bitcoin are not that very well use to make bank disappear .maybe to god if make a banks of bitcoins .there are some exchange in europe bitcoins to cash and there's an ATM machine also of bitcoins there.
Bitcoin ATM's has started to develop but that is not the scenario in each and every country, it will take great efforts to make bitcoin popular in developing countries.
In my opinion Banks will never disappear. THey will have to transform and to arrange a new form of acting. Bitcoin won't make Banks dissapear but it will make them transform.
that is i was talking about , they will just transform they are just vaults wallets, they just need to change their currency and its done , when a person is carrying he is wallet is not "some kind of bank"? a place you can put your money and keep him safe
I think no.because bitcoin are not that very well use to make bank disappear .maybe to god if make a banks of bitcoins .there are some exchange in europe bitcoins to cash and there's an ATM machine also of bitcoins there.
Bitcoin ATM's has started to develop but that is not the scenario in each and every country, it will take great efforts to make bitcoin popular in developing countries.
I think no.because bitcoin are not that very well use to make bank disappear .maybe to god if make a banks of bitcoins .there are some exchange in europe bitcoins to cash and there's an ATM machine also of bitcoins there.
In my opinion Banks will never disappear. THey will have to transform and to arrange a new form of acting. Bitcoin won't make Banks dissapear but it will make them transform.
Banks are into the world from thousands of years and do you think a new born baby can make it disappear, and if you think like that then you are really kidding me..lol...
Not everyone wants to be their own bank, all the banks will not disappear, some will.
In my opinion Banks will never disappear. THey will have to transform and to arrange a new form of acting. Bitcoin won't make Banks dissapear but it will make them transform.
I do not think this is possible because the banks are just too big compared with the bitcoin, the bitcoin is almost nothing to be honest.
Maybe there is a possibility but I think we are right now far from that also.
Maybe there is a possibility but I think we are right now far from that also.
I think yes banks may be outdated in future.
Bitcoin help them disappear.
Bitcoin help them disappear.
In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.
Bitcoin is a full currency i think , there is no real difference between Bitcoin and the other currencies nowadays, fiat is used more till now that's true
Banks are the worst nightmare and bitcoin is a life saver but still i don't think bitcoin can make banks disappear i think bitcoin still needs some time to make a place in everyone's mind. people's blindly trust on banks but don't trust blindly on bitcoin.
That is the main problem that people lack trust in bitcoin and they are worried of loosing their money into bitcoin, and they feel that their money is safe with banks, and I respect their feelings.
NoT banks are holders, they will need just change their dollars to bitcoin, so they will have bitcoins and they will do all they already did , credit card with bitcoins , loans with bitcoins , banks are about controling money and keeping him safe, just like a vault.
I think you want to mean Bitcoin can make fees disapear not, but maybe we can pay less than now.
I think you want to mean Bitcoin can make fees disapear not, but maybe we can pay less than now.
In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.
Bitcoin is a full currency i think , there is no real difference between Bitcoin and the other currencies nowadays, fiat is used more till now that's true
Banks are the worst nightmare and bitcoin is a life saver but still i don't think bitcoin can make banks disappear i think bitcoin still needs some time to make a place in everyone's mind. people's blindly trust on banks but don't trust blindly on bitcoin.
In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.
Bitcoin is a full currency i think , there is no real difference between Bitcoin and the other currencies nowadays, fiat is used more till now that's true
And they dont know even how it works and that is the problem you have to promote it more.
Banks can never disappear as banks are the strongest financial institutions we have and it holds the support from the Government and also holds more trust from the customers.
That's true, each and every user in the world directly or indirectly depends on bitcoin. I believe banks were running successfully with the support of government as well acceptance. So its not possible to make banks get disappear.
In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.
Bitcoin is a full currency i think , there is no real difference between Bitcoin and the other currencies nowadays, fiat is used more till now that's true
And they dont know even how it works and that is the problem you have to promote it more.
Banks can never disappear as banks are the strongest financial institutions we have and it holds the support from the Government and also holds more trust from the customers.
In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.
Bitcoin is a full currency i think , there is no real difference between Bitcoin and the other currencies nowadays, fiat is used more till now that's true
And they dont know even how it works and that is the problem you have to promote it more.
In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.
Bitcoin is a full currency i think , there is no real difference between Bitcoin and the other currencies nowadays, fiat is used more till now that's true
In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.
I agree with that. With bitcoin, there is no need for the centre banks to issue currency and control interests.
may happen in the future when people understand that they do not a third party to deal with each other.
The difference is that Bitcoin isn't being stored in banks like fiat money is. That's a huge difference. Banks are always needed. If Bitcoin at some point gets its own value, then still banks are still needed as Bitcoin will most likely always be tied to fiat.
Indeed, if the physical coin of bitcoin becomes a trend. For example 1 btc coins, 1mbtc coins, become a trend, then a bank might be necessary. But we can not assure that since they are just coins, banks are used to store and secure paper money though.
i doubt if ever physical bitcoins become a thing, they will always as they are now will remain some sort of collections.
bitcoin is all about a revolutionary technology to change things not go back to the old fashioned ways money used to be. in that case there is paper money why should we even need bitcoin!
In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.
I agree with that. With bitcoin, there is no need for the centre banks to issue currency and control interests.
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