i doubt that banks can ever disappear. even if bitcoin goes mainstream and be used by everybody and the price is 1 MIll Dollar.
banks are useful, we are all using them one way or another. for example the loans are a big part of banking system that is super hard thing to do without banking system since trusting another person instead of bank to take loan is hard.
Topic: Can Bitcoin make Banks disappear? - page 293. (Read 427616 times)
I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
I would bet that it will never happen although bitcoin has a large user, it will not make banks be disappearing. it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
if fiat continue as usual banks will follow in order to stay afloat. I'll bet fiat will continue to win from bitcoin.
It's immposible to Bitcoin disappear Banks, Because we do not know if Bitcoin Did not last long. Maybe bitcoin can disappear.
Unfortunately, yes, it is almost impossible to make banks disappear because of bitcoin.. Banks would always cope up with the situation and adopt new technology to be functional in the modern time..
it has the potential to do so, I consider bitcoin capable of changing the world economical system and take it to the next level, but of course for that to happen bitcoin needs to get more mainstream and worldwide worth and value more than now.
Bitcoin will be mainstream only if value will be ~700$+ for 1btc and than people start thinking how to make it popular to get more money. I think community need to promote bitcoin.
It's immposible to Bitcoin disappear Banks, Because we do not know if Bitcoin Did not last long. Maybe bitcoin can disappear.
You might be wrong. Because bitcoin is not a single factor baseded system. It can be modified/updated based on the future requirements. When there are more reasons to survive then it has more chances to replace bank too.
Virowox would be a good physical bank, Anyone agree?
I haven't read all 47 (!) pages of this thread. But from a fairly short perusal of the content, I don't see anyone mentioning that banks primary function is to match savers with borrowers. Meaning that they pay a percentage of interest to savers and then charge a higher percentage to people who borrow that money. And they take on the default risk for the loans without (directly) passing that risk on to their depositors.
I'm unaware of how bitcoin eliminates those functions. Imagine a world in which we only had bitcoin. There would still be a desire for some people to save and other people to borrow. Consequently something will emerge that provides those services. I suspect it will look a lot different than today's banks, but I'm guessing that most people will still call it a bank because it will provide all of the functions that they typically associated with a bank.
I'm unaware of how bitcoin eliminates those functions. Imagine a world in which we only had bitcoin. There would still be a desire for some people to save and other people to borrow. Consequently something will emerge that provides those services. I suspect it will look a lot different than today's banks, but I'm guessing that most people will still call it a bank because it will provide all of the functions that they typically associated with a bank.
for me i think every thing is possible with bitcoin if government accept bitcoin right now banks will disappear and it will not use anymore..
But for now its impossible if it will happen in this year,.. maybe it will happen in the future..
But for now its impossible if it will happen in this year,.. maybe it will happen in the future..
I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Yes when the user base of bitcoin keeps on growing and the requirement for Internet money usage makes more demand, then there are more possibilities for bitcoin to make Banks disappear.it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Banks can hardly disappear as most companies has affiliates with banks and some businessman owns a bank as well and company owner still uses banks to pay their worker through atm.
If fiat still used, then banks will still be there aswell.
Banks won't get disappeared just due to the bitcoin technology. Even if everything goes digital paving path for digital currency too banks will be in use.
I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Yes when the user base of bitcoin keeps on growing and the requirement for Internet money usage makes more demand, then there are more possibilities for bitcoin to make Banks disappear.it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Banks can hardly disappear as most companies has affiliates with banks and some businessman owns a bank as well and company owner still uses banks to pay their worker through atm.
If fiat still used, then banks will still be there aswell.
Bitcoin can be majorly successful even in the near future but if we're honest with ourselves fiat, government run banks will never disappear in our lifetime.
possible for bitcoin to disappear banks since it has no physical atms and also it is very critical when it comes to passwords because in bitcoin you lose every thing if you forget password..
Bitcoin can be majorly successful even in the near future but if we're honest with ourselves fiat, government run banks will never disappear in our lifetime.
Banks will change. It won't be as we know it today.
But we will always have banks.
Unless the world moves in a completely different direction then it is today.
We won't see that time in our lifetimes though.
But we will always have banks.
Unless the world moves in a completely different direction then it is today.
We won't see that time in our lifetimes though.
it has the potential to do so, I consider bitcoin capable of changing the world economical system and take it to the next level, but of course for that to happen bitcoin needs to get more mainstream and worldwide worth and value more than now.
yeah all have the potential. but I would think that. it was very small potential to occur however banks and fiat is very important for human life. all of the financial system is regulated by bankAnd the banks wont allow bitcoin to replace them as it will take away their business,and the government also wont allow that to happen because they cant infuse tax on bitcoin.
it has the potential to do so, I consider bitcoin capable of changing the world economical system and take it to the next level, but of course for that to happen bitcoin needs to get more mainstream and worldwide worth and value more than now.
yeah all have the potential. but I would think that. it was very small potential to occur however banks and fiat is very important for human life. all of the financial system is regulated by bank 
it has the potential to do so, I consider bitcoin capable of changing the world economical system and take it to the next level, but of course for that to happen bitcoin needs to get more mainstream and worldwide worth and value more than now.
I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
it's too fast to said that percentage of bitcoin user is high, we're just only small percentage in billion population of this world and for this moment it's imposible to make bank diasappear, we can't predict the future maybe in 50 years 100 yearsit is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Yes when the user base of bitcoin keeps on growing and the requirement for Internet money usage makes more demand, then there are more possibilities for bitcoin to make Banks disappear.it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Banks can hardly disappear as most companies has affiliates with banks and some businessman owns a bank as well and company owner still uses banks to pay their worker through atm.
I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Yes when the user base of bitcoin keeps on growing and the requirement for Internet money usage makes more demand, then there are more possibilities for bitcoin to make Banks disappear.it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
Yes when the user base of bitcoin keeps on growing and the requirement for Internet money usage makes more demand, then there are more possibilities for bitcoin to make Banks disappear.it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.
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