Banks will adapt like they always do, and they will always turn a profit. Bitcoin could be considered just as another fiat created by an another new country.
The only thing i'm interested to see is how they will enforce anti-abuse laws when it comes to bitcoin due to it being somewhat easy to mix and lose origin trace.
Topic: Can Bitcoin make Banks disappear? - page 290. (Read 427614 times)
I't won't, Banks will just adapt to it. Also, The government won't let that happen. Bitcoin is still not that popular in some countries and there are not a lot of stores accept bitcoin. For now and maybe in the future too, we still need banks to convert it to fiat.
Yes I think you really think we still need banks to convert into money so that we could use. And the government probably will not let that happen because the government still require banks. 
We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.
the whole point of this argument is about the possibility of not needing fiat any more. which means no need to any banks either.
if bitcoin is accepted everywhere then you can use bitcoin instead of fiat and not need fiat for purchases.
No bank will never replaced and cannot be destroy b bitcoin but i think banks in future will adopt bitcoin. Bank owners will think their way to get more profit and obviously they will select the option to store bitcoin in their banks. I cannot imagin and i am happy with it if this is happen. But one thing is for sure we will all be benifited when it happens
Actually they are adopting it now. One example is security bank from the Philippines and I think they are getting profits from it too. Or they are also hoarding some bitcoins and waiting for that price increase
No bank will never replaced and cannot be destroy b bitcoin but i think banks in future will adopt bitcoin. Bank owners will think their way to get more profit and obviously they will select the option to store bitcoin in their banks. I cannot imagin and i am happy with it if this is happen. But one thing is for sure we will all be benifited when it happens
We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.
Bank is in need to for bitcoin conversion. At present as said only less availability is found to use our bitcoin. So only when everything is available in exchange for bitcoin the need for bank decreases.
I't won't, Banks will just adapt to it. Also, The government won't let that happen. Bitcoin is still not that popular in some countries and there are not a lot of stores accept bitcoin. For now and maybe in the future too, we still need banks to convert it to fiat.
all people agree that bitcoin will not make bank disappear,the only possible thing is bitcoin will compete banks,and it start happen in this year,but some event will decide how long and how far bitcoin will make bank feel awfull with bitcoin existence.
true, everyone agreed that bitcoin agree, that bitcoin will not make banks disappear. perhaps the most appropriate reason for this is that these are not as good as the current bitcoin bank. banks already have systems that are very intense over bitcoin. and if bitcoin grows, so does the bankBanks knows that hey have threat from bitcoins and now they have also started to introduce some innovative services that will attract people to continue to use banking system.
Yeah truly bitcoin will threat banks, when the usage of bitcoin around the world increases about 5-10% of the world population. So now itself banks had started improving their services as said by above mate.
Go anywhere online ask for a loan of 1 bitcoin and ask to repay in 12 months.Go to bank and ask 450dollars to repay in 12 months.You and i already know no one will fund the bitcoin loan,bank for other side will lend you and put their interest on it,soo do you still thinking bitcoin can do anything to them?
We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.
Have you ever considered we will be living in a world where you won't have to exchange your bitcoins to FIAT anymore, because everyone will be accept bitcoin directly?Do you think in that reality banks will be still useful?
can anyone make this statement clear! if banks and the goverment uses bitcoin for tax and pay employees and other things will that help bitcoin price to rise will ther be anybenefits
UK goverment issued a statement that they might try to use bitcoin idkkk . any benefits
https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/414040/digital_currencies_response_to_call_for_information_final_changes.pdf
https://www.gov.uk/government/consultations/digital-currencies-call-for-information/digital-currencies-call-for-information
i jst want to know if goverments starting using the currency will the price of bitcoin rise and how much do you guys think one bitcoin will beonce the goverment using the bitcoin for taxes
UK goverment issued a statement that they might try to use bitcoin idkkk . any benefits
https://www.gov.uk/government/publications/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies/revenue-and-customs-brief-9-2014-bitcoin-and-other-cryptocurrencies
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/414040/digital_currencies_response_to_call_for_information_final_changes.pdf
https://www.gov.uk/government/consultations/digital-currencies-call-for-information/digital-currencies-call-for-information
i jst want to know if goverments starting using the currency will the price of bitcoin rise and how much do you guys think one bitcoin will beonce the goverment using the bitcoin for taxes
all people agree that bitcoin will not make bank disappear,the only possible thing is bitcoin will compete banks,and it start happen in this year,but some event will decide how long and how far bitcoin will make bank feel awfull with bitcoin existence.
true, everyone agreed that bitcoin agree, that bitcoin will not make banks disappear. perhaps the most appropriate reason for this is that these are not as good as the current bitcoin bank. banks already have systems that are very intense over bitcoin. and if bitcoin grows, so does the bankBanks knows that hey have threat from bitcoins and now they have also started to introduce some innovative services that will attract people to continue to use banking system.
all people agree that bitcoin will not make bank disappear,the only possible thing is bitcoin will compete banks,and it start happen in this year,but some event will decide how long and how far bitcoin will make bank feel awfull with bitcoin existence.
true, everyone agreed that bitcoin agree, that bitcoin will not make banks disappear. perhaps the most appropriate reason for this is that these are not as good as the current bitcoin bank. banks already have systems that are very intense over bitcoin. and if bitcoin grows, so does the bank 
I think no, as;
1. Bitcoin is a currency and maybe in the future bitcoin itself need banks for its safe storage.
2. Banks will try their best to adopt bitcoin if they found bitcoin taking the place of fiat in international affairs.
3. Banks are the organizations where not only the money of people is stored/kept but it used for a number of financial affairs for which banks have to survive.
1. Bitcoin is a currency and maybe in the future bitcoin itself need banks for its safe storage.
2. Banks will try their best to adopt bitcoin if they found bitcoin taking the place of fiat in international affairs.
3. Banks are the organizations where not only the money of people is stored/kept but it used for a number of financial affairs for which banks have to survive.
all people agree that bitcoin will not make bank disappear,the only possible thing is bitcoin will compete banks,and it start happen in this year,but some event will decide how long and how far bitcoin will make bank feel awfull with bitcoin existence.
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We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.
That is true... we need banks to convert our bitcoin to fiat...If only stores would accept bitcoin as payment, I think that won't be a problem, but, even though like that, it is not still a good reason to make banks disappear...
bitcoin soon will make fiat disappear not banks alone .
We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.
Great thinking and that is correct. I do that also using those banks as a mean of exchanging my bitcoin in fiat.
Bitcoin is great but those banks also have a use in different countries that is why they are there. No need to make it disappear just join it.
We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.
That is true... we need banks to convert our bitcoin to fiat...If only stores would accept bitcoin as payment, I think that won't be a problem, but, even though like that, it is not still a good reason to make banks disappear...
Normal banks wont disappear because of bitcoin banks is a multi million dollar investment and government have shares in it,do you think that the governments would allow such thing to happen?
We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.
That is true... we need banks to convert our bitcoin to fiat...If only stores would accept bitcoin as payment, I think that won't be a problem, but, even though like that, it is not still a good reason to make banks disappear...
We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.
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