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Topic: Can Bitcoin make Banks disappear? - page 284. (Read 427614 times)

hero member
Activity: 924
Merit: 1000
April 10, 2016, 01:30:19 PM
Bitcoin needs to be more powerful to replace banks, and that is not possible at a moment, as banks are the most trusted organization and people don't trust bitcoin.
member
Activity: 98
Merit: 10
April 10, 2016, 12:21:47 PM
No. When it's time to sell, where do we sell our BTC to? The air?  We need fiats, we need banks, and we need our credit scores. I don't really believe we'll ever get rid of banks. Perhaps one day when everything is so technologically advanced, but definitely not now anyway.
sr. member
Activity: 476
Merit: 250
April 10, 2016, 12:20:31 PM
This means all russians that has or think to get bitcoin will be forced to use or to exchange it from other way besides the bank,soo western union may be the way .
hero member
Activity: 854
Merit: 500
April 09, 2016, 12:52:36 PM
The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.

Yeah, the time is not far away that these banks will sooner adopt bitcoin and will start to work with bitcoin, as in the future everyone will prefer bitcoin and banks have to survive, so they will easily adopt it.

It will not happen till bitcoin is illegal in few countires like Russia for example. Banks trying to be neutral to all countires and they cant accept currency that illegal.
hero member
Activity: 742
Merit: 500
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April 09, 2016, 12:34:28 PM
The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.

Yeah, the time is not far away that these banks will sooner adopt bitcoin and will start to work with bitcoin, as in the future everyone will prefer bitcoin and banks have to survive, so they will easily adopt it.
legendary
Activity: 840
Merit: 1000
April 09, 2016, 12:10:44 PM
I don't think that Bitcoin make banks disappear, because already banking services support the Bitcoin's currency nowadays to get converted easily into cash and fiat, and also Bitcoin isn't yet used like banking services

General public who are not into bitcoins yet will never leave banking system as I don't see any valid reason for them to leave banks at a moment.
hero member
Activity: 742
Merit: 500
April 09, 2016, 10:40:00 AM
I don't think that Bitcoin make banks disappear, because already banking services support the Bitcoin's currency nowadays to get converted easily into cash and fiat, and also Bitcoin isn't yet used like banking services
hero member
Activity: 672
Merit: 500
April 09, 2016, 10:37:52 AM
Banks has the support from the economy if you wanna to open a business they will lend you the money to start soo bitcoin hasnt such power to make this kind of things to happens,banks will keep doing their services.

Exactly and banks enjoys the monopoly at a a moment as banks are aware that people don't have any other better option and they will continue to enter the doorsteps of banks on regular basis.
sr. member
Activity: 476
Merit: 250
April 09, 2016, 10:24:23 AM
Banks has the support from the economy if you wanna to open a business they will lend you the money to start soo bitcoin hasnt such power to make this kind of things to happens,banks will keep doing their services.
legendary
Activity: 2464
Merit: 1102
April 09, 2016, 09:49:43 AM
I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.
but we do not know the future. could someday bitcoin is no longer considered to be a coin, but was considered a legal currency for the internet and make the bank has a rival and potential to make banks disappear, well, we'll never know it
No friend making banks to disappear by bitcoin is not so easy as we say. Even in most of the countries the government have banned bitcoin usage, but think about banks, it's an essential one to every country supported by the government.

Banks will never disappear as the older generation will always prefer to use banks as they will hesitate in using bitcoin as it will be very complicated for them.
legendary
Activity: 2646
Merit: 1106
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April 09, 2016, 09:45:51 AM
I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.
but we do not know the future. could someday bitcoin is no longer considered to be a coin, but was considered a legal currency for the internet and make the bank has a rival and potential to make banks disappear, well, we'll never know it
No friend making banks to disappear by bitcoin is not so easy as we say. Even in most of the countries the government have banned bitcoin usage, but think about banks, it's an essential one to every country supported by the government.
legendary
Activity: 2492
Merit: 1001
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April 09, 2016, 04:16:31 AM
I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.
but we do not know the future. could someday bitcoin is no longer considered to be a coin, but was considered a legal currency for the internet and make the bank has a rival and potential to make banks disappear, well, we'll never know it
member
Activity: 84
Merit: 10
April 09, 2016, 04:04:20 AM
I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.
legendary
Activity: 1918
Merit: 1012
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April 09, 2016, 03:43:36 AM
The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.
banks will not adopt to bitcoins as bitcoins and banks are not nearly the same things that can go along together in my opinion thus someothing will have to go extinct

i hope that bitcoin will beat banks in the future and every person will be the bank themselves freely without any money sending limitations and so on

That is not possible at all, people who have faith in traditional banking system will continue to use the banks and they will never switch to any crypto currency for sure.

Crypto currency is a few years old, while banks have been around for centuries. If given time, the halo that traditional banking systems have might get lost. Banks haven't conducted themselves very well in the last decade.
hero member
Activity: 910
Merit: 1000
April 09, 2016, 01:03:07 AM
I think No bitcoin not making Banks disappears because Banks are there in all over world and Bitcoin is becoming famous now and compare to bitcoin Bank is more safe so people who are making huge transaction they can choose Bank and Bitcoin also safe but much like bank they should give some more secure for there wallet because some hackers can easily hack there wallet i faced that problem so.
sr. member
Activity: 714
Merit: 250
April 09, 2016, 12:00:47 AM
The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.
banks will not adopt to bitcoins as bitcoins and banks are not nearly the same things that can go along together in my opinion thus someothing will have to go extinct

i hope that bitcoin will beat banks in the future and every person will be the bank themselves freely without any money sending limitations and so on

That is not possible at all, people who have faith in traditional banking system will continue to use the banks and they will never switch to any crypto currency for sure.
Yes if I believe there are very many here who changed their bitcoin they got into the money and then transfer them to the banks. That is evidence that we have not been able to escape from the banks.
hero member
Activity: 840
Merit: 1000
April 08, 2016, 03:12:11 PM
The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.
banks will not adopt to bitcoins as bitcoins and banks are not nearly the same things that can go along together in my opinion thus someothing will have to go extinct

i hope that bitcoin will beat banks in the future and every person will be the bank themselves freely without any money sending limitations and so on

That is not possible at all, people who have faith in traditional banking system will continue to use the banks and they will never switch to any crypto currency for sure.
full member
Activity: 179
Merit: 100
April 08, 2016, 01:34:53 PM
The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.
banks will not adopt to bitcoins as bitcoins and banks are not nearly the same things that can go along together in my opinion thus someothing will have to go extinct

i hope that bitcoin will beat banks in the future and every person will be the bank themselves freely without any money sending limitations and so on
sr. member
Activity: 462
Merit: 250
April 08, 2016, 01:19:26 PM
it is hard to make bank disappear because even when bitcoin will be populaire and very used it will creat some bank to loan and save bitcoin in it they don't miss any opportunity that can give them money, but now they are fighting for making bitcoin disappear.
newbie
Activity: 39
Merit: 0
April 08, 2016, 01:02:01 PM
The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.
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