Can Bitcoin make Banks disappear? - page 292.

mickiya

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Quote from: ronaldinho_07 on March 29, 2016, 07:50:23 PM

I agree with you at the part of bank change,they may change the way they act at uᴉoɔʇᴉq,can offer some service related to it but wont disappear,will improve.

If the banks adopts bitcon or other digital currencies, it will cut their cost a lot. They will reduce the service charge.

ronaldinho_07

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I agree with you at the part of bank change,they may change the way they act at bitcoin,can offer some service related to it but wont disappear,will improve.

Nimbulan

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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 bitcoin will be strong enough to change banks

co5hike

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Quote from: Ardenyham on March 29, 2016, 12:43:56 PM

I think it has the potential to do so and change the finacial system of the world as a whole, I think it will start as banks adopt some bitcoin technology like the block system, Then it might actually replace it and make a more user-friendly system, These are all guesses though.

I don't think that bank will come in support of bitcoin in future, as bitcoin will give them tough competition in future and people who are used to traditional banking system will continue to use it in future too.

Ardenyham

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I think it has the potential to do so and change the finacial system of the world as a whole, I think it will start as banks adopt some bitcoin technology like the block system, Then it might actually replace it and make a more user-friendly system, These are all guesses though.

n0ne

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Quote from: Mr. Big on March 29, 2016, 08:02:06 AM

Quote from: RobinHoodster on March 29, 2016, 03:04:31 AM

Bitcoin cant make the banks disappear in the future because many people need banks and you cant take it away.
So if that will happen it will happen only after some 25 years or something or maybe later.

Yeah, bitcoin might not make banks disappear, I think bitcoin would be beneficial to banks in the future, it might make the transactions faster and probably would reduce workers..

Probably your prediction might come true. Only time decide what needs to happen. Banks won't disappear, as said the technology might benefit banking.

Mr. Big

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Quote from: RobinHoodster on March 29, 2016, 03:04:31 AM

Bitcoin cant make the banks disappear in the future because many people need banks and you cant take it away.
So if that will happen it will happen only after some 25 years or something or maybe later.

Yeah, bitcoin might not make banks disappear, I think bitcoin would be beneficial to banks in the future, it might make the transactions faster and probably would reduce workers..

RobinHoodster

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Bitcoin cant make the banks disappear in the future because many people need banks and you cant take it away.
So if that will happen it will happen only after some 25 years or something or maybe later.

Imoote

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Quote from: ronaldinho_07 on March 28, 2016, 12:17:20 PM

Bitcoin has no power to hit the banks soo hard,sure we are now able to be our own bank,but in the end they control the economy together with governement,soo bitcoin isnt accepted full anywhere soo there are two opposited places .

Yes true if you want to remove banks bitcoin there should be a lot of changes and should be accepted by everyone for hitting banks and make it disappear is very hard to do by bitcoin.

ronaldinho_07

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Bitcoin has no power to hit the banks soo hard,sure we are now able to be our own bank,but in the end they control the economy together with governement,soo bitcoin isnt accepted full anywhere soo there are two opposited places .

Kingno.1

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According to me, bitcoins cannot make banks disappear.
Banking system is much older and acceptable system in the society.
On the other hand bitcoin still has to establish itself among people.
Then how could bitcoin replace banking system so soon?

KennyR

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Quote from: Altcoinsupporter on March 27, 2016, 03:18:30 AM

That is only possible when Bitcoin is very famous and also more used, and that is not the case now. But I think that it is possible.
If it is going to happen, than it will happen very late, there are a lot of people that need their banks and that is really important.
You cant disappear something that is really important for the people.

Bitcoin is just the currency of the future. At present bank is considered to be one of the basic needs. So near or later bitcoin won't replace banks easily.

Altcoinsupporter

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That is only possible when Bitcoin is very famous and also more used, and that is not the case now. But I think that it is possible.
If it is going to happen, than it will happen very late, there are a lot of people that need their banks and that is really important.
You cant disappear something that is really important for the people.

Zuminest

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i think bitcoin can't disappear banks.. because most of the people don't know about bitcoin... almost all the people use banks and that won't depends upon educated or uneducated, rich or poor... and most of the people trust only the banks... so after few years bitcoin will be popular but still banks will be there...

sotisoti

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I think it's almost impossible as some banks start to explore blockchain, they even work with fintech startup on integrating the technology with the existing infrastructure. Unless Bitcoin goes mainstream and gets mass adoption, I don't see why it can make banks disappear.

alisafidel58

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Quote from: BlueStackz on March 27, 2016, 01:09:19 AM

Quote from: brianlee01 on March 24, 2016, 12:13:36 AM

It's immposible to Bitcoin disappear Banks, Because we do not know if Bitcoin Did not last long. Maybe bitcoin can disappear.

The last six years history is the enough proof that bitcoin will last forever. We are talking about replacing banks by bitcoin so it is completely meaningless for pointing out the survival of bitcoin.

Yeah i think bitcoin wont really replace banks in the future,there are still some people who uses and trusted banks more than bitcoin.

BlueStackz

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Quote from: brianlee01 on March 24, 2016, 12:13:36 AM

It's immposible to Bitcoin disappear Banks, Because we do not know if Bitcoin Did not last long. Maybe bitcoin can disappear.

The last six years history is the enough proof that bitcoin will last forever. We are talking about replacing banks by bitcoin so it is completely meaningless for pointing out the survival of bitcoin.

jkrules

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Quote from: knowhow on March 26, 2016, 07:15:24 PM

Bitcoin has no power to make and take banks downs,with the full advantages against the bank system ,based on fiat,bitcoin isnt a threat to them,as they have the support from all costumers,just some ,maybe us and some others just dont like them.

Users here make use of bitcoin wallets whether online or offline but these also are online banks.
We need a place to store those coins and these are called banks which would exist forever.

Imoote

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Quote from: knowhow on March 26, 2016, 07:15:24 PM

Bitcoin has no power to make and take banks downs,with the full advantages against the bank system ,based on fiat,bitcoin isnt a threat to them,as they have the support from all costumers,just some ,maybe us and some others just dont like them.

The answer is very precisely and very clearly. It can be argued until whenever bitcoin can not affect the banks because they are financial institutions that have been legalized and has been accepted by many people.

knowhow

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Bitcoin has no power to make and take banks downs,with the full advantages against the bank system ,based on fiat,bitcoin isnt a threat to them,as they have the support from all costumers,just some ,maybe us and some others just dont like them.

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