I think bitcoin is getting more popular nowadays, but it will need a strong reason to replace banks, as banks are strongest financial institution we have and its hard to believe that any crypto can make it disappear.
Yes very true is still the strongest banks and is unlikely to be removed. Bitcoin will not be able to get rid of the banks because the banks is the official institution that should be owned by every state to carry out economic activities. I think if bitcoin might not be able to make banks disappear. 
Topic: Can Bitcoin make Banks disappear? - page 305. (Read 427641 times)
Did dollars make banks disappear?
Hmm.. valuable assets are going to - stop people from being interested in financial services? Huh?
Not sure where to go with this one. Too broken from the start.
Oh wait I know, you are thinking that "bank" is a word that means "counterfeiter". In this case, sure, bitcoin will be a thorn in their side as it can't be counterfeit. But there will always be counterfeiters. Count on it. They will just make other things.
Hmm.. valuable assets are going to - stop people from being interested in financial services? Huh?
Not sure where to go with this one. Too broken from the start.
Oh wait I know, you are thinking that "bank" is a word that means "counterfeiter". In this case, sure, bitcoin will be a thorn in their side as it can't be counterfeit. But there will always be counterfeiters. Count on it. They will just make other things.
I don't think it will make bank disappear as still there are many user as still bitcoin has lot more to come up. The main part is that in bitcoin world identity behind a btc address is always hidden then how will the loan or lending system work?Also bank gives up interest for saving accounts will bitcoin do? There are manny questions that will rise but atm to answer your question the below quoted post of romero is the best.
But banks will not work without bitcoin in future. I think this case also one kind of replacement Banking sector's power from the finance world.
That's not gonna happen even if the Bitcoin is accepted by most of the people of the world. The reason is both are exactly different. Each has its independent method of functioning.
Banks won't disappear unless someone starts offering Bitcoin loans with no interest rates and as we can see from this forum Bitcoin is a heaven for scammers and frauds.
But banks will not work without bitcoin in future. I think this case also one kind of replacement Banking sector's power from the finance world.
That's not gonna happen even if the Bitcoin is accepted by most of the people of the world. The reason is both are exactly different. Each has its independent method of functioning.
Banks won't disappear unless someone starts offering Bitcoin loans with no interest rates and as we can see from this forum Bitcoin is a heaven for scammers and frauds.
But banks will not work without bitcoin in future. I think this case also one kind of replacement Banking sector's power from the finance world.
Really a lol.
Any good facts and basis on how banks will not work in the future without bitcoin?
That is easy to say mate but please take a look at all circumstances. It will enlightened you. Believing alone in the word 'bitcoin' can't really help you to understand other things evolving around that currency. Banks will never dissapear. Not all can hug the bitcoin system.
As we know they are working into their own blockchain they dont wanna bitcoin wanna its technology,maybe later after the financial problems get deeper they can see the light and work with bitcoin,instead of fiat,exchanging the btc into fiat and make real people pays the interest .Soo bitcoin loans will be 99% safe as some people can default the loan.
Banks won't disappear unless someone starts offering Bitcoin loans with no interest rates and as we can see from this forum Bitcoin is a heaven for scammers and frauds.
But banks will not work without bitcoin in future. I think this case also one kind of replacement Banking sector's power from the finance world.
Really a lol.
Any good facts and basis on how banks will not work in the future without bitcoin?
That is easy to say mate but please take a look at all circumstances. It will enlightened you. Believing alone in the word 'bitcoin' can't really help you to understand other things evolving around that currency. Banks will never dissapear. Not all can hug the bitcoin system.
I think bitcoin is getting more popular nowadays, but it will need a strong reason to replace banks, as banks are strongest financial institution we have and its hard to believe that any crypto can make it disappear.
People has no choise to protect their money,banks has garantee till an ammount backup by the country,bitcoin has potencial but may die soon or later no one knows,soo if i have to choose i would go into both as i consider and believe in bitcoin potencial and i dont wanna banks to keep taking the fee to they lend my money to others ,they should pay me to get my money and not the reverse.
Banks won't disappear unless someone starts offering Bitcoin loans with no interest rates and as we can see from this forum Bitcoin is a heaven for scammers and frauds.
But banks will not work without bitcoin in future. I think this case also one kind of replacement Banking sector's power from the finance world.
That's not gonna happen even if the Bitcoin is accepted by most of the people of the world. The reason is both are exactly different. Each has its independent method of functioning.
Both will be important for the people, the one who believes in banks will continue to use it, no matter where bitcoin reaches in future, majority of the people are more comfortable with traditional banking system.
Banks won't disappear unless someone starts offering Bitcoin loans with no interest rates and as we can see from this forum Bitcoin is a heaven for scammers and frauds.
But banks will not work without bitcoin in future. I think this case also one kind of replacement Banking sector's power from the finance world.
That's not gonna happen even if the Bitcoin is accepted by most of the people of the world. The reason is both are exactly different. Each has its independent method of functioning.
Banks won't disappear unless someone starts offering Bitcoin loans with no interest rates and as we can see from this forum Bitcoin is a heaven for scammers and frauds.
But banks will not work without bitcoin in future. I think this case also one kind of replacement Banking sector's power from the finance world.
there's no way banks will be disappear. lets see how many people use bank services. if they want to make bank disappear, it's not easy work, they'll probably need a long long time to make it.
agree. certainly many people who use the services of the bank. even all human beings on this earth using the services of the bank for their financial management. very difficult to make bank disappear :/I even think it will never happen because the banks are united together.
I do not think so. The Bank is one
important part in the world economy
But bitcoins can themselves have their own bank and the tax saving feature would be able to attract a lot of customers. When bitcoins get more popularity, the importance of banks may diminish over time.important part in the world economy
would not make banks disappear though as people will always prefer to own fiat along with bitcoins.
People are using bitcoins only because its decentralized, if the government will take control over it in future, then it will loose all its value and shine, and people would not bother to use bitcoins.
I just can't find any reason it would do so.
I think maybe sometime in future when everyone is having their own wallet's and spending with their will.I don't think though.Of course Bitcoin will be more used later, but not that much that it can disappear banks, that is is impossible
Yeah banks will never disappear and will always exist in future too, they would always show their presence by introducing some innovative and creative services towards the customers.
I do not think so. The Bank is one
important part in the world economy
But bitcoins can themselves have their own bank and the tax saving feature would be able to attract a lot of customers. When bitcoins get more popularity, the importance of banks may diminish over time.important part in the world economy
would not make banks disappear though as people will always prefer to own fiat along with bitcoins.
People are using bitcoins only because its decentralized, if the government will take control over it in future, then it will loose all its value and shine, and people would not bother to use bitcoins.
I just can't find any reason it would do so.
I think maybe sometime in future when everyone is having their own wallet's and spending with their will.I don't think though.Of course Bitcoin will be more used later, but not that much that it can disappear banks, that is is impossible
Yes one day bitcoins can really make bank disappear.
You will see, that time not so far away.
You will see, that time not so far away.
To be honest with you, I don't think banks can disappear because of Bitcoin. I just can't find any reason it would do so.
But more people are now using Bitcoin so that is pretty good and it will reduce the normal banks I think.
Where the hell do you get that information?
Yes quiet more people are using bitcoin but I believe the majority of that people are not into banks at first. They are not using banks at all. If all people that using banks will transfer to bitcoin then your statement will fit but it's impossible. Banks will never dissapeared just bitcoin of bitcoin. Face the reality and don't just be blinded by other's unrealistic statement.
there's no way banks will be disappear. lets see how many people use bank services. if they want to make bank disappear, it's not easy work, they'll probably need a long long time to make it.
agree. certainly many people who use the services of the bank. even all human beings on this earth using the services of the bank for their financial management. very difficult to make bank disappear :/ Yes one day bitcoins can really make bank disappear.
You will see, that time not so far away.
You will see, that time not so far away.
To be honest with you, I don't think banks can disappear because of Bitcoin. I just can't find any reason it would do so.
But more people are now using Bitcoin so that is pretty good and it will reduce the normal banks I think.
it would seem very far fetch since banks have been there and people are already use to it. btc an never make them disappear.
Banks however can compete with cryptocurrencies as they have now studied how blockchain works, later we'll see which tweak they may have done for online payment technology.
Yes, I expect banks to evolve. They might not look anything like what they are today.
They will adopt Bitcoin (not just the blockchain) if it gives them any advantage.
Banks won't disappear unless someone starts offering Bitcoin loans with no interest rates and as we can see from this forum Bitcoin is a heaven for scammers and frauds.
That will not happen. Many people need their banks and that is very important for them so it cant disappear.
It will only reduce maybe in the future. But not disappear that will be not good. Many people dont even know what Bitcoin is.
It will only reduce maybe in the future. But not disappear that will be not good. Many people dont even know what Bitcoin is.
it would seem very far fetch since banks have been there and people are already use to it. btc an never make them disappear.
Banks however can compete with cryptocurrencies as they have now studied how blockchain works, later we'll see which tweak they may have done for online payment technology.
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