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Topic: Can Bitcoin make Banks disappear? - page 306. (Read 427641 times)

newbie
Activity: 13
Merit: 0
March 08, 2016, 01:58:43 AM
i think banks still wil be nescessary Wink
bitcoin will be just even more important next to it Smiley
sr. member
Activity: 714
Merit: 250
March 08, 2016, 01:49:42 AM
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.
That will never happen, banks will never be lost and bitcoin could not make it disappear. It is impossible for many people who use the bank and a country must have required to have a bank to manage finances.
full member
Activity: 205
Merit: 100
March 08, 2016, 01:07:28 AM
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.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
March 07, 2016, 01:11:04 PM
What a stupid fucking question. That's like asking, "do you think Bitcoin can make Swiss cheese disappear?"
They are two completely different things. Even if Bitcoin completely replaced national fiat there would still be a need for banks.
sr. member
Activity: 365
Merit: 250
March 07, 2016, 12:58:03 PM
Simple answer is no, it cannot.
As it stands banks don't see Bitcoin as a threat simply because the technology is still very very far from being able to provide a global solution that rivals their own system in terms of stability and dependability. Why would anyone want Bitcoin to make banks disappear anyway? Bitcoin is not perfect, both Bitcoin and banks have their advantages and disadvantages, it would be a lot more beneficial to everyone if the two coexisted or even merged.
You are right banks cannot get disappeared due to Bitcoins. I don't know why peoples are comparing these two because they do not have any similarities. Both of them are different but I like your suggestion that if Bitcoins merge with banks then it would be very beneficial because now a days people prefer Bitcoins rather than paper cash in their hand.
legendary
Activity: 3234
Merit: 1214
Casinopunkz - Anonymous Crypto Casino
March 07, 2016, 11:46:10 AM
Bitcoins won't make banks disappear in a short or long go. You can see more people having a good life with different types of loans provided by bank. When Bitcoin provides such features bank might get replaced slowly.
hero member
Activity: 770
Merit: 500
Forza Roma
March 07, 2016, 08:36:57 AM
No I do not see this happen, the banks are already to big these days and have a lot of people that are dependent from it, the most people will not make the change to the bitcoin also.
I think if the bitcoin has a better name in the future there is maybe a very small chance it will.
sr. member
Activity: 518
Merit: 250
March 07, 2016, 08:09:44 AM
NO. people need bank to store their money and earn interest from it.and bank play important role to person and economy of a country.  i think we might have bank for bitcoin someday to regulate it and also for security. i guess. because of anonymity of bitcoin we really need a bank.
Bank need people to store their money and earn interest from it.
full member
Activity: 195
Merit: 104
March 07, 2016, 08:07:48 AM
I dont think so. Many people need some normal banks too. And that is very important for them.
I hope of course that Bitcoin will be more popular and more used. But it will only reduce banks and not disappear.

Not only them, all of us... we need banks and fiat in our daily lives to purchase physical goods, foods and anything in the store..If bitcoin  would be widely adopted around the world then there is a big chance that it will play major role in the economy, but it won't make banks disappear..

The Bitcoin will make banks more profitable as it will cost the cost and save money. So the banks will adopt bitcoin when it is allowed to do so by the authorities.
member
Activity: 83
Merit: 10
March 07, 2016, 07:32:05 AM
NO. people need bank to store their money and earn interest from it.and bank play important role to person and economy of a country.  i think we might have bank for bitcoin someday to regulate it and also for security. i guess. because of anonymity of bitcoin we really need a bank.
hero member
Activity: 798
Merit: 500
★YoBit.Net★ 350+ Coins Exchange & Dice
March 07, 2016, 04:26:34 AM
I dont think so. Many people need some normal banks too. And that is very important for them.
I hope of course that Bitcoin will be more popular and more used. But it will only reduce banks and not disappear.

Not only them, all of us... we need banks and fiat in our daily lives to purchase physical goods, foods and anything in the store..If bitcoin  would be widely adopted around the world then there is a big chance that it will play major role in the economy, but it won't make banks disappear..
sr. member
Activity: 434
Merit: 250
March 07, 2016, 03:33:41 AM
I dont think so. Many people need some normal banks too. And that is very important for them.
I hope of course that Bitcoin will be more popular and more used. But it will only reduce banks and not disappear.
legendary
Activity: 966
Merit: 1000
March 07, 2016, 03:10:21 AM
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.
However, if the Government takes the control then bitcoins would be a bigger problem for customers compared to fiat. It
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.
Not really ,I don't use bitcoin only because people cannot seize my coins or take it from me saying any bullshit but also because of less fees and ease to transfer money.The governments cannot take control over it anyways.

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.
newbie
Activity: 13
Merit: 0
March 06, 2016, 11:59:20 PM
Yes one day bitcoins can really make bank disappear.

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.
sr. member
Activity: 714
Merit: 250
March 06, 2016, 11:58:15 PM
I do not think so. The Bank is one
important part in the world economy

Yeah that is true, investors use it very much, even us, we have bitcoin but most of us has a bank account...even if bitcoin goes mainstream, I think bank would always be there and might probably be using the same technology as bitcoin...

That's quiet possible that banks starts adopting the block chain technology in future, but banks will not disappear for survive, we will see many new currencies in future, but banks will always hold their position.
I think for the new currency I'm not sure it will happen.
And I think bitcoin will not make banks disappear.
Both are different and are not interconnected.
full member
Activity: 238
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
March 06, 2016, 10:26:39 PM
I do not think so. The Bank is one
important part in the world economy

Yeah that is true, investors use it very much, even us, we have bitcoin but most of us has a bank account...even if bitcoin goes mainstream, I think bank would always be there and might probably be using the same technology as bitcoin...

That's quiet possible that banks starts adopting the block chain technology in future, but banks will not disappear for survive, we will see many new currencies in future, but banks will always hold their position.
sr. member
Activity: 434
Merit: 250
March 06, 2016, 10:23:14 PM
Bitcoin and banks are here to stay. You can't have one without the other. They help each other improve.

 
Yeah, that's true and both are important for the people in general I guess, as the people who are not used to internet and stuff they would prefer to use banks for sure.
I don't how you will prefer banking system We can't make profit from that. Fee us very high in all kind of transactions and they crashing our savings fund from Atm machines with extra charges. Foolish thing you are looking for I guess. Best to go with bitcoin.
full member
Activity: 238
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
March 06, 2016, 10:14:42 PM
Bitcoin and banks are here to stay. You can't have one without the other. They help each other improve.

Yeah, that's true and both are important for the people in general I guess, as the people who are not used to internet and stuff they would prefer to use banks for sure.
hero member
Activity: 2646
Merit: 548
DGbet.fun - Crypto Sportsbook
March 06, 2016, 10:07:08 PM
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.
However, if the Government takes the control then bitcoins would be a bigger problem for customers compared to fiat. It
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.

when there is a control on bitcoin, the user rate will surely reduce. Eventually the price of bitcoin will also decrease. Users will be there just because of the advancement in technology.
hero member
Activity: 532
Merit: 501
March 06, 2016, 09:08:31 PM
Bitcoin and banks are here to stay. You can't have one without the other. They help each other improve.
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