Can Bitcoin make Banks disappear? - page 298.

Yakamoto

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Quote from: hendra147 on March 18, 2016, 09:00:39 PM

Quote from: Yakamoto on March 18, 2016, 08:53:59 PM

Quote from: hendra147 on March 18, 2016, 08:45:27 PM

Quote from: ?? on ??

BTC will probably not make the banks disappear but it will make them offer better services in the future

maybe bank will increase his interest to make more people use it in future. or maybe bank will reduce the fee transaction to other bank account

Well banks, interest and fractional reserve lending basically go hand-in-hand, so you really have to choose which of the two evils.

Would you rather have interest on your investment, or would you rather have inflation?

so you will choose bitcoin..? you will put all of your money at bitcoin..? are you sure bitcoin will keep rising and the percentage of price higher than fiat inflation..? Roll Eyes

I can't put all of my money in Bitcoin as there simply isn't any way for me to function normally in society without owning fiat.

Bitcoin is most likely going to outpace inflation, even if it is at 2%/year, Bitcoin would only need to go up ~10% after every halving to outpace inflation. If this was coupled with a strong user base, there would basically be no issue in my opinion.

But first I need my utility companies to start accepting Bitcoin, then we'll be getting somewhere.

hendra147

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Quote from: Yakamoto on March 18, 2016, 08:53:59 PM

Quote from: hendra147 on March 18, 2016, 08:45:27 PM

Quote from: ?? on ??

BTC will probably not make the banks disappear but it will make them offer better services in the future

maybe bank will increase his interest to make more people use it in future. or maybe bank will reduce the fee transaction to other bank account

Well banks, interest and fractional reserve lending basically go hand-in-hand, so you really have to choose which of the two evils.

Would you rather have interest on your investment, or would you rather have inflation?

so you will choose bitcoin..? you will put all of your money at bitcoin..? are you sure bitcoin will keep rising and the percentage of price higher than fiat inflation..? Roll Eyes

Yakamoto

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Activity: 1218

Merit: 1007

Quote from: hendra147 on March 18, 2016, 08:45:27 PM

Quote from: ?? on ??

BTC will probably not make the banks disappear but it will make them offer better services in the future

maybe bank will increase his interest to make more people use it in future. or maybe bank will reduce the fee transaction to other bank account

Well banks, interest and fractional reserve lending basically go hand-in-hand, so you really have to choose which of the two evils.

Would you rather have interest on your investment, or would you rather have inflation?

hendra147

hero member

Activity: 644

Merit: 509

Quote from: ?? on ??

BTC will probably not make the banks disappear but it will make them offer better services in the future

maybe bank will increase his interest to make more people use it in future. or maybe bank will reduce the fee transaction to other bank account

Imoote

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Quote from: Iseecookies on March 18, 2016, 04:37:33 PM

Bitcoin can change the way banks do business but it will not replace a finely established system that so many are used to dealing with.
If you put bitcoin next to a copy of bitcoin that the banks are pushing,the public would choose the bank copy all day long.

Yes absolutely right bitcoin will not affect banks that will make disappear, it is not possible.
Banks are required economic institutions that exist in every country.
While arguably bitcoin crypto and transactions only at online.

Iseecookies

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Bitcoin can change the way banks do business but it will not replace a finely established system that so many are used to dealing with.
If you put bitcoin next to a copy of bitcoin that the banks are pushing,the public would choose the bank copy all day long.

umaOuma

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The one thing is for sure that banks will always survive, people who like banks will continue with it and many users here are just promoting bitcoins as they are on forum, but the reality is that we all need banks and majority of us are using it.

upsidedown75

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Quote from: Slowturtleinc on March 17, 2016, 09:39:19 PM

Banks are a old profession like Prostitutes they will always find a way to get that money from the masses.
Do not expect them to fall off any time soon,they have their claws into the system pretty good.

Yes the bankers are more expert business persons, they can fit themselves in any modern system which is introduced for business related finance in order to give success to their banks.

Meuh6879

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Quote from: ausbit on March 18, 2016, 12:45:53 PM

they dont' want to experiment with their money at an old age.

wait a moment ... the old age have been when we don't have debt and many wars ?

So, now ... we have Debt AND War ... it's the futur.

oh no, banks are not the futur, Bro.

https://www.youtube.com/watch?v=joITmEr4SjY

Meuh6879

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Quote from: kuntulu on March 18, 2016, 11:38:41 AM

Many people use banks and that is really important for them.

yes, they loan car.

wait ... it's all ?

ausbit

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Quote from: Akupuniard on March 18, 2016, 12:41:48 PM

Quote from: kuntulu on March 18, 2016, 11:38:41 AM

I dont think it possible to disappear a bank. Many people use banks and that is really important for them.
I think the older people dont even know what Bitcoins is and what you can do with it and that is the problem.

You are talking about present, but need to think about futute, a lot of people will know what bitcoin is and know advantages of bitcoin. Maybe it's possible to make banks disappear.

Banks will never disappear dude, if you will use bitcoin your family will use banks for their day to day transactions they dont' want to experiment with their money at an old age.

Akupuniard

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Quote from: kuntulu on March 18, 2016, 11:38:41 AM

I dont think it possible to disappear a bank. Many people use banks and that is really important for them.
I think the older people dont even know what Bitcoins is and what you can do with it and that is the problem.

You are talking about present, but need to think about futute, a lot of people will know what bitcoin is and know advantages of bitcoin. Maybe it's possible to make banks disappear.

rienelber

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Quote from: Soros Shorts on March 18, 2016, 12:20:00 PM

If banks disappear where would you go to borrow money for e.g. a mortgage? The forum lending section?

very well put. A bank is still an institution that can survive lending money because it has some guarantees (in other words, they can fuck you up if you don't pay). I don't that working so well on decentralized money systems.

LarryHocks

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No I do not think the bitcoin can let banks disappear the banks are already too big to get destroyed by it.
The bitcoin is also still depending on banks, fiat...

Soros Shorts

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If banks disappear where would you go to borrow money for e.g. a mortgage? The forum lending section?

ronaldinho_07

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Well disappear wont happen as they ,the banks ,has for now the costumers support,and the best place to store our money,but isnt no longer safe,several people got affected at Greece,Portugal i saw some new about a bank to get the other and looks like they had reset the ammounts people had on the previous banks,dont know the righ story but happened.Soo this kind of things will damage the banks image as their reputation ,but people will always use them .

kuntulu

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I dont think it possible to disappear a bank. Many people use banks and that is really important for them.
I think the older people dont even know what Bitcoins is and what you can do with it and that is the problem.

benmartin613

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Quote from: lolgato1 on March 18, 2016, 11:25:13 AM

It won't be for a while as banks are predominantly against bitcoin. So they will most likely put up a fight.

Indeed theres going to be a battle between banks and bitcoin developers and as we know banks is supported by government and bitcoin is supported by its users.
When that time come its going to be a havoc.

bestluck

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Quote from: Slowturtleinc on March 17, 2016, 09:39:19 PM

Banks are a old profession like Prostitutes they will always find a way to get that money from the masses.
Do not expect them to fall off any time soon,they have their claws into the system pretty good.

I also think that banks will adjust within the system, they are coming from hundreds of years and are fitting continuously in any situation and time, so bitcoin will not be a big or hard challege for them.

lolgato1

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It won't be for a while as banks are predominantly against bitcoin. So they will most likely put up a fight.

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