It's really hard that Bitcoin makes banks disappear, because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat
But there are lot of chances that more people will use bitcoins in future. When more people for getting into bitcoin payments, the banking system will get isolated. When the true money concept of bitcoin will get into action of attracting more people, then they will start neglecting banking system.
Topic: Can Bitcoin make Banks disappear? - page 286. (Read 427614 times)
I think bitcoin can go along together with banks. I mean, maybe someday banks will accepting bitcoin for payment like fiat. And i don't think bitcoin make banks dissapear. Bank is important for every country.
I think bank is more important for the government, since they can rule fiat through bank. Actually bitcoin doesn't need bank, but most people still need bank to get fiat after it get converted from bitcoin. So for now, bank won't disappear because of bitcoin. In future, who knows.I ninety nine percent agree with you, bitcoin still less the user than banks which every country there and so many people save their money in bank.
One percent again only the future that can answer what would happen between bank and bitcoin
I think bitcoin can go along together with banks. I mean, maybe someday banks will accepting bitcoin for payment like fiat. And i don't think bitcoin make banks dissapear. Bank is important for every country.
I think bank is more important for the government, since they can rule fiat through bank. Actually bitcoin doesn't need bank, but most people still need bank to get fiat after it get converted from bitcoin. So for now, bank won't disappear because of bitcoin. In future, who knows.I ninety nine percent agree with you, bitcoin still less the user than banks which every country there and so many people save their money in bank.
One percent again only the future that can answer what would happen between bank and bitcoin
I think bitcoin can go along together with banks. I mean, maybe someday banks will accepting bitcoin for payment like fiat. And i don't think bitcoin make banks dissapear. Bank is important for every country.
I think bank is more important for the government, since they can rule fiat through bank. Actually bitcoin doesn't need bank, but most people still need bank to get fiat after it get converted from bitcoin. So for now, bank won't disappear because of bitcoin. In future, who knows. 
I think bitcoin can go along together with banks. I mean, maybe someday banks will accepting bitcoin for payment like fiat. And i don't think bitcoin make banks dissapear. Bank is important for every country.
Bitcoins and Bank both are different with each other, Bitcoin is a currency and bank always manage to currency . i think bank is always helpful for Bitcoins and other more currencies which is coming now, in the coming year it will be clear that bitcoins can't disappear to banks.
What has remained for the banks to do is to transform themselves so that they can suit in the current era. Bitcoins are going much popularity globally and if this trend continues, then it is a big threat to the banks. Only those banks that will absorb bitcoin as one of their products might survive this wave.
But to buy food you need to convert your Bitcoins into fiat at the very banks you despise so you will be able to buy food and not starve to death. What will happen if grocery stores and restaurants refuse to use Bitcoin for payments. What will you do then? No country will replace its local currency with Bitcoin just because it's better in the eyes of the beholder.
This is the simple but the truthful answer.
Not a lot of stores accepts bitcoin. Specially when you are in a poor country who are risking their business for a not very popular currency yet.
Make the banks a partner in bitcoin business or let them handle the fiat exchange. Dont need to make them disappear.
The same way people hold share buy and sell them on the market ,they will do with bitcoin,and its maybe the investments with more volatility and able to bring easy and fast returns to those who had joined or will join in the future.
It's really hard that Bitcoin makes banks disappear, because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat
But there are lot of chances that more people will use bitcoins in future. When more people for getting into bitcoin payments, the banking system will get isolated. When the true money concept of bitcoin will get into action of attracting more people, then they will start neglecting banking system.
Bitcoin has its costumers and getting more ,being to gambling to use porn or to start a business related to crypto world,this wont affect the banks since they provide services that bitcoin cant compete.
I do not think it will win from banks and let them disappear honestly because the banks are just too big and also have too much power on the whole globe.
I think it can be a competitor but not more than that because banks will almost win from every currency they are too strong.
banks have enormous power they are powered directly by fiat and the government, bitcoin impossible to overtake it,I think it can be a competitor but not more than that because banks will almost win from every currency they are too strong.
I think bank is not a competitor of bitcoin, both clearly different bitcoin is currencies and bank is place to safe money,,
I do not think it will win from banks and let them disappear honestly because the banks are just too big and also have too much power on the whole globe.
I think it can be a competitor but not more than that because banks will almost win from every currency they are too strong.
banks have enormous power they are powered directly by fiat and the government, bitcoin impossible to overtake it,I think it can be a competitor but not more than that because banks will almost win from every currency they are too strong.
I think bank is not a competitor of bitcoin, both clearly different bitcoin is currencies and bank is place to safe money,,
Yes, banks will completely disappear and no one in the world will ever buy a house, car or boat again. rofl
It's not possible to make banks to get disappear. Only usage of bitcoin might increase on large adoption. This will reduce the bank use but never make banks disappear.
I guess no one here understands that banks are not currencies. Dollars, yen, bitcoins, pesos are currencies. Banks are businesses that lend money for a profit. Banks can denominate their services in any currency.
Sorry to break the bad news to people here but cocker spaniels are not steaks either but my cocker spaniel eats steak.
I do not think it will win from banks and let them disappear honestly because the banks are just too big and also have too much power on the whole globe.
I think it can be a competitor but not more than that because banks will almost win from every currency they are too strong.
I think it can be a competitor but not more than that because banks will almost win from every currency they are too strong.
Exactly its hard to believe that bitcoin can make banks disappear as banks being the strongest institution across the globe enjoying the support from the Governments.
I do not think it will win from banks and let them disappear honestly because the banks are just too big and also have too much power on the whole globe.
I think it can be a competitor but not more than that because banks will almost win from every currency they are too strong.
I think it can be a competitor but not more than that because banks will almost win from every currency they are too strong.
But to buy food you need to convert your Bitcoins into fiat at the very banks you despise so you will be able to buy food and not starve to death. What will happen if grocery stores and restaurants refuse to use Bitcoin for payments. What will you do then? No country will replace its local currency with Bitcoin just because it's better in the eyes of the beholder.
Yeah, in thses cases he will need the support of banks to convert his money to fiat, and there are a number of store keepers in all over the world who are illiterate and are unable to involve in bitcoin.
No doubt at a moment we need banks or traders to convert our bitcoins to fiat as we cannot spend it directly but things will change in future when we would be able to buy anything using bitcoin directly.
But to buy food you need to convert your Bitcoins into fiat at the very banks you despise so you will be able to buy food and not starve to death. What will happen if grocery stores and restaurants refuse to use Bitcoin for payments. What will you do then? No country will replace its local currency with Bitcoin just because it's better in the eyes of the beholder.
Yeah, in thses cases he will need the support of banks to convert his money to fiat, and there are a number of store keepers in all over the world who are illiterate and are unable to involve in bitcoin.
But to buy food you need to convert your Bitcoins into fiat at the very banks you despise so you will be able to buy food and not starve to death. What will happen if grocery stores and restaurants refuse to use Bitcoin for payments. What will you do then? No country will replace its local currency with Bitcoin just because it's better in the eyes of the beholder.
You always need banks and fiat currency to take care of your stuff on daily basis, bitcoin cannot help it out, so I don't think that bitcoin can ever make banks disappear.
But to buy food you need to convert your Bitcoins into fiat at the very banks you despise so you will be able to buy food and not starve to death. What will happen if grocery stores and restaurants refuse to use Bitcoin for payments. What will you do then? No country will replace its local currency with Bitcoin just because it's better in the eyes of the beholder.
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