Can Bitcoin make Banks disappear? - page 294.

Imoote

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Quote from: sachung on March 24, 2016, 10:03:07 AM

Quote from: ?? on ??

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.

The problem is the start, I doubt a real country would accept bitcoin right now and the news and directions of governments is more against bitcoin than with bitcoin, even banks are becoming interested in the block system so it can change how the economy looks...

Very precise, very difficult to bitcoin to make sure banks disappear because the state will help banks. As we know the country is in dire need banks to save money so it will not happen.

sachung

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Quote from: ?? on ??

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.

The problem is the start, I doubt a real country would accept bitcoin right now and the news and directions of governments is more against bitcoin than with bitcoin, even banks are becoming interested in the block system so it can change how the economy looks...

adibe

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Quote from: jak1 on March 24, 2016, 09:40:22 AM

Quote from: Dr.Osh on March 24, 2016, 09:38:11 AM

Quote from: KennyR on March 24, 2016, 09:18:21 AM

Bitcoin won't make banks disappear. Now banking system is more used by the entire world due to its continued support got from entire population than the bitcoin.

I guess you're right. bitcoin is currently no nothing compared with the bank. the bank has many functions that are not owned bitcoin, in addition to the bank's security is the best in the world. I guess if bitcoin able to make bank disappears, it takes a long time

Disappearing Banks is too early to say. Banks are the major part of the society and cannot be withdrawn very easily.
It will take time for the bitcoin to come up-to the level of Banks.

I think bitcoin never make banks disappear, bitcoin don't have a big power to make baks disappear. Maybe it can happen if one of the richest person in the world adopt bitcoin,

Arcteryx

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There will always be a use for the banks as they are a system that has been around since the dawn of time, where the cave men were trading rocks for things and there was one that had more rocks then the others Cheesy

In my point of view there will be a bitcoin bank soon enough that will allow for you to trade it for fiat if you wanted too.

kenot21

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maybe not, because they always make a new services maybe they will adopt bitcoin. it's still way too early to say it will happen but maybe in the future it will, we just don't know. The problem is the government are backing up the banks. So, it's hard to say.

jak1

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Quote from: Dr.Osh on March 24, 2016, 09:38:11 AM

Quote from: KennyR on March 24, 2016, 09:18:21 AM

Bitcoin won't make banks disappear. Now banking system is more used by the entire world due to its continued support got from entire population than the bitcoin.

I guess you're right. bitcoin is currently no nothing compared with the bank. the bank has many functions that are not owned bitcoin, in addition to the bank's security is the best in the world. I guess if bitcoin able to make bank disappears, it takes a long time

Disappearing Banks is too early to say. Banks are the major part of the society and cannot be withdrawn very easily.
It will take time for the bitcoin to come up-to the level of Banks.

NewInCryptoCurrency

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It will be possible later, when Bitcoin is really famous. But that needs a really long time maybe about 20 years or something.
But around this time it is of course not possible, many people need their banks and there are a lot of people that dont even know what Bitcoin is.

Dr.Osh

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Quote from: KennyR on March 24, 2016, 09:18:21 AM

Bitcoin won't make banks disappear. Now banking system is more used by the entire world due to its continued support got from entire population than the bitcoin.

I guess you're right. bitcoin is currently no nothing compared with the bank. the bank has many functions that are not owned bitcoin, in addition to the bank's security is the best in the world. I guess if bitcoin able to make bank disappears, it takes a long time

ronaldinho_07

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You can go to your bank ask a loan and repay with some long period,bitcoin besides not be ready to do such thing limites the lend period to the short,and with collateral otherwise you can consider as donation.This service of banks is what makes them being soo big and has such power against others ,soo forget bitcoin has not ready to control this and be able to offer this service.

KennyR

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Bitcoin won't make banks disappear. Now banking system is more used by the entire world due to its continued support got from entire population than the bitcoin.

ajun96

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Quote from: Mr. Big on March 24, 2016, 05:04:51 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.

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..

I think it all could happen because the future is something very confidential. bitcoin always gives surprised to all users. if bitcoin grows from all sides
not impossible it will happen I always wish the best for bitcoin

pereira4

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Quote from: Mr. Big on March 24, 2016, 05:04:51 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.

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..

The only reason banks would survive is because banks are backed up by government violence (army). Bitcoin is an external agent that they cannot control so it's not on their interest that a massive support arises. If Bitcoin goes mainstream they will attack it, that's why Bitcoin would die a day after if we increase the blocksize and nodes become centralized (and that's why there are clear agendas to raise the block size)

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Quote from: Mr. Big on March 24, 2016, 05:04:51 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.

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..

I absolutely agree with this. Moreover I think we don't need for all banks to disappear. Let them be and let Bitcoin be, they all can coexist and people should use whatever they want. I personally think that Bitcoin is better than banks, but that's just my opinion. )

Mr. Big

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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.

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..

OnTheMF

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Quote from: michnelli6 on March 24, 2016, 04:53:35 AM

Quote from: ?? on ??

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.

Its not so easy now, it will take a lot of time to make it so. Currently the Bitcoins is growing its popularity and we have to wait and watch the situation. Because the local bank has its own strategy.

michnelli6

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Quote from: ?? on ??

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.

brianlee01

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

zivone

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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?

Not even possible... Banks are businesses of some most influential and richest people in the world. They will not sure allow that to happen... Heard about Jesuits and manipulation of the World bank..

btccashacc

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Quote from: ?? on ??

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 years

Shacexzn

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I don't think so, bitcoin can't eliminate banks.

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