Can Bitcoin make Banks disappear? - page 308.

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Quote from: apriyoni on March 05, 2016, 02:56:43 PM

Quote from: n0ne on March 05, 2016, 09:30:16 AM

It won't happen in a short time or too. Making banks disappear is like not using money for our daily needs.
Bitcoin is known to only a few percentage of people. Also to stop banking services no one will support.

The bitcoin will make the banks more profit if they adopt it. It will cut their cost quite a lot and make the service more flexible.

Bitcoin will take profits away from banks, but banks will always be there. There are just to powerfull to blow away.
In the end their monopoly will reign for century's.

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Quote from: n0ne on March 05, 2016, 09:30:16 AM

It won't happen in a short time or too. Making banks disappear is like not using money for our daily needs.
Bitcoin is known to only a few percentage of people. Also to stop banking services no one will support.

The bitcoin will make the banks more profit if they adopt it. It will cut their cost quite a lot and make the service more flexible.

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It won't happen in a short time or too. Making banks disappear is like not using money for our daily needs.
Bitcoin is known to only a few percentage of people. Also to stop banking services no one will support.

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Quote from: Hellacopter on March 05, 2016, 09:18:59 AM

I don't think that Bitcoin can make banks disappear because people still needing the banking services to even purchase and trade the Bitcoins online , so i think both banks and bitcoins will be used and supported

of course bitcoin can't make banks disappear. not sure why people still think this is even possible. bitcoin is nothing more than an alternative to our fiat money. governments will never allow something to take over where they don't have control over the whole economy. control is the most important thing for them.

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I don't think that Bitcoin can make banks disappear because people still needing the banking services to even purchase and trade the Bitcoins online , so i think both banks and bitcoins will be used and supported

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I think we need both banks and wallets because till now we need the banking services to promote better the Bitcoin and convince more people to support it as we can convert it into fiat easily

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The answer is clearly a big "NO"... banks are well established, while bitcoin is just starting out its journey.. banks may also try a technology almost the same as the bitcoin technology, and might probably develop it with lesser flaw..

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It cant make them disappear. A lot of people need their banks. Bitcoin is not even that popular so why do you think that...
Of course it will be reduced later in the future. But you never know what can happen later. And Bitcoin is becoming more popular so that is very good.

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Quote from: OrangeII on March 04, 2016, 11:49:21 AM

Quote from: bitlancr on March 04, 2016, 10:41:00 AM

That is not possible. Many people need their banks and you can change that. It is very important for them so it cant disappear.
I hope that more people will of course use Bitcoin. That will be very good. But you never know what can happen with the value.

it is not impossible, but it is very difficult, many banks currently storing valuables, one drawback of bitcoin is that he can not keep valuables and bank security more leverage in comparison with the current bitcoin

Yes it is impossible for bitcoin to make the banks disappear because we do not have any bitcoin outlets or physical saving center where people can store their valuables like they do in banks and i don't think banks will let bitcoin overtake them because banks will become more vulnerable when more people starts using bitcoin.

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I don't think that banks may disappear even bitcoin is on high demand. Still banks will operate at this times, but banks may operate or transact with bitcoins. This kind of conclusion may happen in the future or sooner. I am actually looking forward for more business with bitcoin..

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Quote from: DeDordtenaar on March 04, 2016, 11:20:24 AM

Quote from: Imoote on March 03, 2016, 07:31:25 AM

Quote from: DeDordtenaar on March 03, 2016, 06:28:05 AM

Quote from: MaritiJames3 on March 03, 2016, 05:22:53 AM

Right now there is no such thing the can challange the banks. Their monopoly is just to strong.
Perhpas if some big wall street firms step in with bitcoin venture we can see this happening.

yeah large companies that hold bitcoin, might be able to deliver, bitcoin closer at it blockchain also might be able to do that? is it possible ?

Bitcoin can not open banks disappeared and it was impossible although bitcoin later became big it will not affect any of the bitcoin growth.

agree. although bitcoin enlarge and become popular. banks will never disappear. perhaps both will unite and form a partnership. bitcoin system applied in the bank? its nice ?

You are talking about banks and bitcoin uniting? How can entities unite with a currency? Grin

What you are perhaps referring to is banks adopting Bitcoin.

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Quote from: bitlancr on March 04, 2016, 10:41:00 AM

That is not possible. Many people need their banks and you can change that. It is very important for them so it cant disappear.
I hope that more people will of course use Bitcoin. That will be very good. But you never know what can happen with the value.

it is not impossible, but it is very difficult, many banks currently storing valuables, one drawback of bitcoin is that he can not keep valuables and bank security more leverage in comparison with the current bitcoin

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Quote from: Imoote on March 03, 2016, 07:31:25 AM

Quote from: DeDordtenaar on March 03, 2016, 06:28:05 AM

Quote from: MaritiJames3 on March 03, 2016, 05:22:53 AM

Right now there is no such thing the can challange the banks. Their monopoly is just to strong.
Perhpas if some big wall street firms step in with bitcoin venture we can see this happening.

yeah large companies that hold bitcoin, might be able to deliver, bitcoin closer at it blockchain also might be able to do that? is it possible ?

Bitcoin can not open banks disappeared and it was impossible although bitcoin later became big it will not affect any of the bitcoin growth.

agree. although bitcoin enlarge and become popular. banks will never disappear. perhaps both will unite and form a partnership. bitcoin system applied in the bank? its nice ?

bitlancr

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That is not possible. Many people need their banks and you can change that. It is very important for them so it cant disappear.
I hope that more people will of course use Bitcoin. That will be very good. But you never know what can happen with the value.

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Quote from: michnelli6 on March 03, 2016, 03:17:24 AM

Quote from: fruitcommander on March 02, 2016, 05:39:28 PM

Banks will always be on top and that would be the primary option of the people, many people will start using bitcoin, but as a secondary one, as banks are also important for business transactions.

Yes, bitcoin will provide alternative banking facility to all the people within their computer or mobile. When you need not to visit your bank, I mean when there is no need to avail any services from your bank, banks will start to die.

It does not seem possible right now but we can expect in near future for such happy news since bit coin is in process of getting to know by the people more and more but being a digital currency it is taking time to get introduced by all around us. It has no atms like banks as well.

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Quote from: knowhow on March 04, 2016, 08:37:33 AM

Banks in the future will offer or their coins with a share of their profits,working like shares,as they can offer some services related to bitcoin,the thing is we dont know what tomorrow may bring to bitcoin,we all know that bitcoin has a huge potencial soo currently bitcoin hasnt power to make banks gone ,but who knows maybe one day.

I am very confident that someday bitcoin will definitely progressing rapidly, and there was in his prime. But to get rid of the banks I guess it can not be because they are very different. And one of the country would require some banks to their economic activities.

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Banks in the future will offer or their coins with a share of their profits,working like shares,as they can offer some services related to bitcoin,the thing is we dont know what tomorrow may bring to bitcoin,we all know that bitcoin has a huge potencial soo currently bitcoin hasnt power to make banks gone ,but who knows maybe one day.

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I don't think it can fully make banks disappear or unusable, However I think it can be a huge potential currency in the world mainly online world and be one of the top payment exchange systems in the world.

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Quote from: nasi on March 03, 2016, 10:25:54 AM

well in my view government wont make this happen and i would see somehow the goverment will make bitcoin illegal and use the blockhain tech themself and bankers

If the bitcoin is much used in illegal activities, surely governments will take try to do as you have suggested. To avoid such thing and increase bitcoin adoptions the technology need to get some modification.

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Quote from: mainpmf on March 03, 2016, 08:41:13 AM

Quote from: diegz on March 03, 2016, 07:38:59 AM

Quote from: ampere on March 03, 2016, 07:34:43 AM

I don't think it will happen sooner or latter, banks will always exist, as they have support from the people and the governments and I don't see government supporting bitcoins.

That is true...bank is known everywhere, and government really recognizes banks and besides, government greatly benefits from it..banks is also been here since then, while bitcoin is only a few years old.

It's more like banks really buy government...

The people should do whatever they can to destroy the banks. And btc is the perfect opportunity to do so!

thats true bank beside government so i think banks will stay for ever.

can the government make bitcoin illegal?

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