Can Bitcoin make Banks disappear? - page 288.

CryingMidget

sr. member

Activity: 434

Merit: 250

Quote from: RobFre on April 04, 2016, 02:19:49 PM

I don't think so. Well, I think that the Bitcoin will spread and maybe it can change the banks, but I find very unprobable that it can make them disappear.

Same here! Banks and bitcoin never worked together and I also do not agree if it happens because it can make a lot of difference in bitcoin, and bitcoin will be controlled by the bank and can not be free anymore....

Novalok

full member

Activity: 210

Merit: 100

I dont think banks will dissapear anytime soon. They are too ingrained in our economy and it will be a slow transition to alternative methods becoming mainstream.

rekinthis

hero member

Activity: 658

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: JeWay on April 04, 2016, 02:25:09 PM

Definitely yes, Bitcoin is more powerful than Bank. Bitcoin is used by so many people all over the world, that's what makes it more powerful.

i can not agree with that, most people are using fiat nowadays and they give the power to banks and bitcoin is powerless against the banks as most people still dont care about this currency at all

i think that bitcoins cannot make the banks disappear right now but after a few decades when more people will use it i believe it might actually be possible for bitcoin to replace banks and all the system

CAMOPEJB

full member

Activity: 132

Merit: 100

Banks are the worst enemy of all bitcoiners but also their best friend no one seems to understand that paradox in the bitcoin world.
Look if you don't embrace banks you will end up losing all your money when bitcoin drops.

JeWay

hero member

Activity: 952

Merit: 503

Definitely yes, Bitcoin is more powerful than Bank. Bitcoin is used by so many people all over the world, that's what makes it more powerful.

RobFre

full member

Activity: 172

Merit: 100

I don't think so. Well, I think that the Bitcoin will spread and maybe it can change the banks, but I find very unprobable that it can make them disappear.

nuevo

member

Activity: 84

Merit: 10

Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

Fintech is magic and I spend all of my available time studying it because it's my passion. Will banks go away? Maybe or maybe not, but with technology I see the spread getting smaller and the playing field being leveled. I see people lowering the cost of operation through inovation, more customers, more market share.

I also see more people with access to banking or banking like services. Banking services or trustworthy banking services isn't available to everyone, but it will be

richardsNY

legendary

Activity: 1232

Merit: 1091

Quote from: nejibens on April 04, 2016, 11:49:29 AM

It's not easy that Bitcoin make banks disappear because already banking services is used everywhere and needed even to convert and trade Bitcoin itself

We need banks in order to get fiat into the current Bitcoin exchanges to buy Bitcoin. We need banks for nearly everything in life. Banks and governments control every part of the economy. How can any one seriously think that something as Bitcoin can make banks vanish. It will never happen.

ebliever

legendary

Activity: 1708

Merit: 1036

My 2 satoshis.... this is the wrong question. It's not that bitcoin will make banks obsolete. But bitcoin is one facet of the new digital economy that _could_ make traditional banks obsolete.

For example, consider the role banks play in providing loans to new business startups. Thanks to the digital economy and technology we now have crowdfunding, which has the potential to make banks obsolete if crowdfunding proves to be a better and more efficient way for new businesses to obtain capital. And bitcoin may prove to be a better currency for crowdfunding than digital forms of fiat currency, particularly if some form of smart contracts can be brought to bear utilizing bitcoin.

In this case bitcoin would be playing a role in making banks obsolete, but it would be only a piece of the puzzle.

nejibens

hero member

Activity: 672

Merit: 500

It's not easy that Bitcoin make banks disappear because already banking services is used everywhere and needed even to convert and trade Bitcoin itself

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: arbitrage001 on April 04, 2016, 09:42:23 AM

Bitcoin users are over estimating the power of btc.

How possibly can btc make bank disappear? Btc is an alternative currency, bank is still bank.

True. Too many people here are not realistic anymore. Making bitcoin so better than other currency. Yes it is good but therw are some fall backs too including the bad side of it.

joinal

sr. member

Activity: 322

Merit: 250

Quote from: Jack/edisson on April 04, 2016, 09:16:50 AM

I think not, banks will still exist so long as they are needed as it is not strange.....possible cooperation with bitcoin

bank is the safest place to store for everyone on earth, and the bank in support by fiat, so if bitcoin cannot replace fiat,
of course they will not be able to make banks be disappearing
besides it, I also doubt bitcoin can beat and replace fiat

arbitrage001

legendary

Activity: 1067

Merit: 1000

.

Jack/edisson

newbie

Activity: 7

Merit: 0

I think not, banks will still exist so long as they are needed as it is not strange.....possible cooperation with bitcoin

martinacar

sr. member

Activity: 462

Merit: 250

Quote from: NewInCryptoCurrency on April 04, 2016, 09:10:33 AM

It will be only possible when Bitcoin is really popular in using, and than you have to promote Bitcoin a lot so more people will get to know about it and that would be nice.
But it is hard to let using people Bitcoin, because some even dont know how it works or they dont trust it to use it and especially the older generation have the difficulty.

Indeed, but I think it still has no chance against the banks at all because the banks are way to big, I think it will be the opposite, the bank will destroy the bank at the end of this story.
The bitcoin will never be so big, the fact is also that banks are more trusted for people, they are depending on it.

NewInCryptoCurrency

sr. member

Activity: 326

Merit: 250

It will be only possible when Bitcoin is really popular in using, and than you have to promote Bitcoin a lot so more people will get to know about it and that would be nice.
But it is hard to let using people Bitcoin, because some even dont know how it works or they dont trust it to use it and especially the older generation have the difficulty.

davinchi

legendary

Activity: 2100

Merit: 1058

Quote from: Hellacopter on April 03, 2016, 07:06:05 AM

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.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

And in general, bitcoin and banks has different line of future. Both will give help and benefits to the current money system and obviously it will improve more in the future. I don't like to have this money system used and acquired only by bitcoin. It's really sucks. We are just killing the supposed profits here if you know what I mean.

What is the used of having only a single option if we are getting advantages to others as well?

Zaun

hero member

Activity: 770

Merit: 500

Forza Roma

I do not think it can honestly because the bitcoin itself has a good future, but not so good at all, the banks are still too big these days and I think its also not gonna change in the future.
The banks are one of the most powerful things on the global globe in my eyes, it has such a lot power, it can really control all the people in the whole globe.

Alekseenko/Vlad

newbie

Activity: 6

Merit: 0

Of course not, I am an optimist

Topic: Can Bitcoin make Banks disappear? - page 288. (Read 427614 times)