Topic: Can Bitcoin make Banks disappear? - page 291. (Read 427614 times)
Bitcoin will not destroy the banking system worldwide because the governments are too tied with the big bankers to let something like that happen. I do believe however that Bitcoin may put out of business some of the money processing companies due to its very low fees and almost instant transactions with no personal identification required.
Bitcoin will make banks disappear when all the people believe on true consensus. It would take more time as banks are here for centuries. But true decentralization on money is a need for all human.
Quite sure mate, all people must make contribution to make bitcoin more popular and then at least can compared with banks. But if all the people have consensus to use bitcoin it will be easy that bitcoin more high than banks.
That is not possible especially in third world countries where people don't have access to internet they will only continue to use traditional banking system.
Bitcoin will make banks disappear when all the people believe on true consensus. It would take more time as banks are here for centuries. But true decentralization on money is a need for all human.
Quite sure mate, all people must make contribution to make bitcoin more popular and then at least can compared with banks. But if all the people have consensus to use bitcoin it will be easy that bitcoin more high than banks.
Bitcoin and bank are different things
Bitcoin is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know bitcoin can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
Bitcoin is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know bitcoin can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
Difference being bitcoin can make banks disappear if it replaces fiat.
Cause bitcoin doesn't need a bank for it. You're your own bank!
There is no way in many years that bitcoin will replace fiat,government will stand against that as it will step on their currency.
Bitcoin and bank are different things
Bitcoin is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know bitcoin can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
Bitcoin is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know bitcoin can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
Difference being bitcoin can make banks disappear if it replaces fiat.
Cause bitcoin doesn't need a bank for it. You're your own bank!
No the bitcoin cannot do this, I think its even far from it and it will even be far in its whole life in my opinion banks are not replaceable by the bitcoin.
The banks are just to big and there are like many people already said too many people depending on it and not only people also large company's are depending on it.
I think we cannot just step over to another currency's with the bitcoin.
The banks are just to big and there are like many people already said too many people depending on it and not only people also large company's are depending on it.
I think we cannot just step over to another currency's with the bitcoin.
Major fiat currencies will indeed never get replaced by Bitcoin, but Bitcoin can perfectly function alongside any other fiat currency without problems. We don't need banks to vanish. Who knows that at some point banks will offer the option to have a Bitcoin balance displayed alongside your normal fiat balance. That would be great.
Bitcoin will make banks disappear when all the people believe on true consensus. It would take more time as banks are here for centuries. But true decentralization on money is a need for all human.
uᴉoɔʇᴉq and bank are different things
uᴉoɔʇᴉq is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know uᴉoɔʇᴉq can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
uᴉoɔʇᴉq is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know uᴉoɔʇᴉq can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
Well, probably one great feature of bitcoin is the bitcoin wallet, which I think they are pertaining too that may make bank disappear.. But for now, I think it is very much impossible...though both have security features, banks I think still has a great security compared to bitcoin..
bitcoin can't make banks disappear even in years..
uᴉoɔʇᴉq and bank are different things
uᴉoɔʇᴉq is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know uᴉoɔʇᴉq can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
uᴉoɔʇᴉq is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know uᴉoɔʇᴉq can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
yeah and stealing is not at all easy in bitcoins as the wallets are very much safe and secure which allows hackers to stay away from your hard earned coins.
Bitcoin and bank are different things
Bitcoin is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know bitcoin can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
Bitcoin is internet currency meanwhile bank is a place to save fiat ( our local currency )
As we know bitcoin can be keep on online & offline wallet which stand digitally so in order to steal / hack it, you need password or private key
No the bitcoin cannot do this, I think its even far from it and it will even be far in its whole life in my opinion banks are not replaceable by the bitcoin.
The banks are just to big and there are like many people already said too many people depending on it and not only people also large company's are depending on it.
I think we cannot just step over to another currency's with the bitcoin.
The banks are just to big and there are like many people already said too many people depending on it and not only people also large company's are depending on it.
I think we cannot just step over to another currency's with the bitcoin.
Still this thread is full of hopes that uᴉoɔʇᴉq will replace banks. Please think first some possible consequences if ever the banking system will be gone and will just replaced by uᴉoɔʇᴉq. That is really a serious problem so let's just enjoy those two.
Indeed, but its not possible at all look at how many people are depending on banks, the banks have a lot of power, maybe they are even more powerful than anything in the world.
I think it will never happen there are just too many reason why banks will life for ever in my opinion.
Don't know about fiat banks, but Bitcoin can certainly make Bitcoin banks disappear. Source: Pirate Savings & Trust; Bitfunder, Neo & Bee.
Still this thread is full of hopes that bitcoin will replace banks. Please think first some possible consequences if ever the banking system will be gone and will just replaced by bitcoin. That is really a serious problem so let's just enjoy those two.
Indeed, but its not possible at all look at how many people are depending on banks, the banks have a lot of power, maybe they are even more powerful than anything in the world.
I think it will never happen there are just too many reason why banks will life for ever in my opinion.
In the end everything will come to a balance, some of the banks will go under, some will adapt, and some will find a niche market to survive in.
The point is the market is going to change drastically over the next few years, the status quo can't continue.
Exactly how it unfolds we will have to wait and see.
Ultimately bitcoin or one of its derivatives will stabilize and overtake the USD as the global currency.
After that, things will start to get interesting...
The point is the market is going to change drastically over the next few years, the status quo can't continue.
Exactly how it unfolds we will have to wait and see.
Ultimately bitcoin or one of its derivatives will stabilize and overtake the USD as the global currency.
After that, things will start to get interesting...
Still this thread is full of hopes that bitcoin will replace banks. Please think first some possible consequences if ever the banking system will be gone and will just replaced by bitcoin. That is really a serious problem so let's just enjoy those two.
they most probably can not, at least not right now as banks are really strong nowadays and most people rely on them
i think that a lot of time will have to pass when uᴉoɔʇᴉq will be strong enough to change banks
i think that a lot of time will have to pass when uᴉoɔʇᴉq will be strong enough to change banks
Now or then replacing is a difficult process. Past days uᴉoɔʇᴉq grew when people were not much aware of digital currencies. Now when it popularized more users adopted it but has not avoided banking. In this way replacing of banks is highly impossible.
Yeah I think that bitcoin can never replace banks as banks are more powerful and popular then bitcoin and bitcoin will need very strong reason to over take it.
I definitely think that it will not make it disappear, you should know how much people use their banks and how important it is for them, you cant let it disappear.
We all know that Bitcoin is becoming more used now around this time and that it is also be more acceptable, but you have also the other people that dont use Bitcoin.
It is maybe only possible later in the future after some 25 years or something or maybe later.
We all know that Bitcoin is becoming more used now around this time and that it is also be more acceptable, but you have also the other people that dont use Bitcoin.
It is maybe only possible later in the future after some 25 years or something or maybe later.
they most probably can not, at least not right now as banks are really strong nowadays and most people rely on them
i think that a lot of time will have to pass when uᴉoɔʇᴉq will be strong enough to change banks
i think that a lot of time will have to pass when uᴉoɔʇᴉq will be strong enough to change banks
Now or then replacing is a difficult process. Past days bitcoin grew when people were not much aware of digital currencies. Now when it popularized more users adopted it but has not avoided banking. In this way replacing of banks is highly impossible.
Indeed, but the fact is also that the bitcoin is digital and it has a good future a head but the banks are way bigger and a lot of people are depending on it.
Plus another fact is that I do not see people stepping over to the bitcoin itself, I even think that is highly impossible.
The last thing what also be a problem is elderly, elderly are not digital, so they will never step over, the new generation is fully digitized so it would take even years before it could happen because then everything is digital.
they most probably can not, at least not right now as banks are really strong nowadays and most people rely on them
i think that a lot of time will have to pass when uᴉoɔʇᴉq will be strong enough to change banks
i think that a lot of time will have to pass when uᴉoɔʇᴉq will be strong enough to change banks
Now or then replacing is a difficult process. Past days bitcoin grew when people were not much aware of digital currencies. Now when it popularized more users adopted it but has not avoided banking. In this way replacing of banks is highly impossible.
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