Author

Topic: Can Bitcoin make Banks disappear? - page 300. (Read 427641 times)

sr. member
Activity: 364
Merit: 250
March 17, 2016, 12:04:31 PM
You never know what Bitcoin can do and that is really scary. Because you cant control it. I think that the banks will reduce in the future.
But it is very hard to predict. Because it is a currency so you dont know what will happen.
sr. member
Activity: 250
Merit: 250
March 17, 2016, 11:45:14 AM
That's only the words of tought bitcoin fans, I think it's still too early for bitcoin to actually replace fiat or change the financial system. Bitcoin can be a great currency on the online field and for conducting transactions throughout the world.
full member
Activity: 153
Merit: 100
March 17, 2016, 11:29:12 AM
I don't think so, people will need banks. how important it is when one large people such as George Soros pull all their money out of the bank, the currency of a country could be faltering you know/
full member
Activity: 182
Merit: 100
Pollak
March 17, 2016, 10:27:13 AM
You never know of course what will happen later with the banks. But it wont disappear because a lot of people need it.
And of course we all know that Bitcoin is more used and that is also very good for the future.
full member
Activity: 196
Merit: 100
March 17, 2016, 09:49:41 AM
If I'm honest I do not see this happen in the future, the banks are just to big if you compare them with the bitcoin.
Also the fact is that a lot of people are depended on a bank nowadays so its maybe possible in about 10 years from now on.


Even after a decade I think there will be many people who would continue to use banks, as they find it easy and convenient and banks are also involved in providing best services to their customers, so if the customer is satisfied with the services he will never switch to bitcoins.
sr. member
Activity: 476
Merit: 250
March 17, 2016, 09:07:20 AM
If I'm honest I do not see this happen in the future, the banks are just to big if you compare them with the bitcoin.
Also the fact is that a lot of people are depended on a bank nowadays so its maybe possible in about 10 years from now on.
legendary
Activity: 1232
Merit: 1017
March 17, 2016, 08:34:17 AM
No, it doesn't. Based my view point, it is impossible that bitcoin can disappear the bank. Still many people who use bank service as well.
What if bitcoin gets very populair and gets known as the most secure currency that exists.
What will happen then according to you? Will banks still exist, ofcourse, but not the ones we know now.

I was thinking about bitcoin banks Smiley

If only by popularity then that is not enought to considered. Hey that is basic.

And fyi that bitcoin is not a secure currency. Learn to look in the whole forest and not only in a single tree.
About the security of bitcoin, it all depends on how u protect your own computer.
I know there are ways to steal coins, but that will be through .exe files that u downloaded and trusted. So the mistake is by the user and not by the creator of bitcoin. I know it is a secure coin if you store your btc correctly.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game
March 17, 2016, 08:31:45 AM
No, it doesn't. Based my view point, it is impossible that bitcoin can disappear the bank. Still many people who use bank service as well.
What if bitcoin gets very populair and gets known as the most secure currency that exists.
What will happen then according to you? Will banks still exist, ofcourse, but not the ones we know now.

I was thinking about bitcoin banks Smiley

If only by popularity then that is not enought to considered. Hey that is basic.

And fyi that bitcoin is not a secure currency. Learn to look in the whole forest and not only in a single tree.
sr. member
Activity: 714
Merit: 250
March 17, 2016, 08:16:49 AM
This may happen in the future when people understand that they do not a third party to deal with each other. There would be no need for banks if people start to believe in peer to peer txs

Currently most people are now believing in p2p trascantion and it makes their life easy.
Bit coin cant replace banks as it will still be used by large majority of people.
I do not know about it but I think bitcoin could compete with banks but not to make it disappear. Because in my opinion makes it very difficult banks disappear happened and I could not even think.
newbie
Activity: 57
Merit: 0
March 17, 2016, 05:27:53 AM
Just thinking, why would someone need banks for bitcoin?
legendary
Activity: 1232
Merit: 1017
March 17, 2016, 04:44:13 AM
No, it doesn't. Based my view point, it is impossible that bitcoin can disappear the bank. Still many people who use bank service as well.
What if bitcoin gets very populair and gets known as the most secure currency that exists.
What will happen then according to you? Will banks still exist, ofcourse, but not the ones we know now.

I was thinking about bitcoin banks Smiley
hero member
Activity: 672
Merit: 500
March 17, 2016, 02:33:08 AM
No, it doesn't. Based my view point, it is impossible that bitcoin can disappear the bank. Still many people who use bank service as well.
member
Activity: 112
Merit: 10
March 17, 2016, 12:11:31 AM
This may happen in the future when people understand that they do not a third party to deal with each other. There would be no need for banks if people start to believe in peer to peer txs

Currently most people are now believing in p2p trascantion and it makes their life easy.
Bit coin cant replace banks as it will still be used by large majority of people.
hero member
Activity: 574
Merit: 500
March 16, 2016, 05:00:31 PM
This may happen in the future when people understand that they do not a third party to deal with each other. There would be no need for banks if people start to believe in peer to peer txs
legendary
Activity: 1330
Merit: 1019
March 16, 2016, 04:57:52 PM
No I do think this can happen in my opinion this is highly unlikely but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power that is why I do not think the bitcoin do it.

Agreed, I think its impossible that bitcoin can make banks disappear as even if bitcoin becomes more powerful currency in future many people would still prefer to use banks for their day to day transactions.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
March 16, 2016, 02:08:10 PM
I wish they could disappear but at this moment this isn't realistic. The economy of the whole world is tightly related to banks and banks are governin world's finances.
full member
Activity: 140
Merit: 100
March 16, 2016, 02:01:54 PM
The odds for banks to disappear and for the current financial systems to be changed completely with bitcoin is rather low, I understand that we all like bitcoin but changes in how the world works don't happen overnight that easily.
sr. member
Activity: 252
Merit: 250
March 16, 2016, 01:49:09 PM
Disappear would mean to the governments loose the taxes from  anyone who has a bank account,soo i doubt they will let the crypto world take care of their fees they use for several things.Bitcoin should act as credit and debit cards,just an amazing and new way to pay for anything you wanna.
member
Activity: 84
Merit: 10
March 16, 2016, 05:45:31 AM
I think bitcoin can change the world in a way and make online payments way easier and simpler to perform than currently, Completely changing the economical system of the world is just too unexpected IMO.
legendary
Activity: 1540
Merit: 1003
March 16, 2016, 04:48:23 AM
I do not think this will happen because the banks are just too big to do this, it would be awesome but its not possible.
Also the fact that too many people are depended on it for sure.

yes. people are depended on banks. that makes banks so strong. bank's won't desappear in early future. but it is possible after 10 or 15 years. because digital currencies are getting so storng. and they don't need any banks to store. every one can control their own money.. so may be after 15 years all banks will disappear.
Jump to: