Topic: Can Bitcoin make Banks disappear? - page 309. (Read 427643 times)
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
Personally I doubt bitcoin would be practical enough to be able to do that in the current world and economical system and change it enough to make banks obsolete, I think it can easily take control of the online world but the offline world is completely different.
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!
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.
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.
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 ?Perhpas if some big wall street firms step in with bitcoin venture we can see this happening.
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 ? Perhpas if some big wall street firms step in with bitcoin venture we can see this happening.
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 is very hard to predict a currency and you should to take the risk if you want to sell it or buy it. But I think it is possible that it can make banks disappear, because it will be more used later in the future.
And that is good for Bitcoin and we also all hope that the value is going to rise for a long time.
I think your theory will be wrong as Bank will be their in the future even when bitcoin will be accepted by everyone, it will become like this that bank will also start to accept the bitcoins and then you will be allowed to do your transaction in both bitcoin as well as fiat currency, Bank process will start to accept bitcoin as just like fiat currency. So their is no question about bank getting disappear. Both the thing will run same time.
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.
Perhpas if some big wall street firms step in with bitcoin venture we can see this happening.
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 is very hard to predict a currency and you should to take the risk if you want to sell it or buy it. But I think it is possible that it can make banks disappear, because it will be more used later in the future.
And that is good for Bitcoin and we also all hope that the value is going to rise for a long time.
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.Many people doesnt even know what Bitcoin is, so how do you want to make the banks disappear.
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.
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. 
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.
This is the Question which is asked very soon, as their is not a 20% of the users in the world that know about bitcoins, leaving some country other even did not legalized the bitcoins in their country. So first Bitcoin have to been accepted by the world then their will be real revolution in Bitcoin and even then i think Bank wont disappear but ya Bitcoin will be also added in the Process.
Well the bitcoin revolution already started. You can see more companies and money come in every day. Remember the cap is almost 7 billion.
This is amoun of money is not just from people we 'like bitcoin.'
This is the Question which is asked very soon, as their is not a 20% of the users in the world that know about bitcoins, leaving some country other even did not legalized the bitcoins in their country. So first Bitcoin have to been accepted by the world then their will be real revolution in Bitcoin and even then i think Bank wont disappear but ya Bitcoin will be also added in the Process.
I guess that would be a very long process. No bank will want to die because of bitcoin (which doesn't need any bank as you know). So i guess banks will just try to stop bitcoin from emerging further.
Yes, banks are facing a really very tough competition from bitcoin at a moment, and they are aware if bitcoin gets on mainstream that would be an end of banking system and that's the reason they are not supporting bitcoins.
Tough competition from bitcoin at the moment? What are you smoking?
There is potential for Bitcoin to be a rival to banks, but at this moment - there is nothing.
But yeah some people doesnt even know what Bitcoin is, so it would be difficult to disappear the banks.
That's the main concern that majority of people are not aware about the bitcoins, and that is stopping bitcoin to get on the mainstream, but banks have good future too, I don't see it going anywhere.
May be yes May be no..
No because, banks provide paper currency which we can use in local shops where cards are not accepted...
Yes, because in case if everyone world wide use btc cards for transactions maybe it is going to be possible for the banks to disappear....
No because, banks provide paper currency which we can use in local shops where cards are not accepted...
Yes, because in case if everyone world wide use btc cards for transactions maybe it is going to be possible for the banks to disappear....
No I do not think this is possible, banks are just to big to win from, the banks want to destroy the bitcoin completely.
The banks only want the system behind the block chain, I really hate it but I think the bitcoin still has a chance to win but it will be a long journey.
The banks only want the system behind the block chain, I really hate it but I think the bitcoin still has a chance to win but it will be a long journey.
Can Bitcoin make Banks dissappear?
It's clearly will not happened I swear. The people behind bitcoin created this kind of crytocurrency not to replace and eliminates banks.
Without doubt, banks today are really a useful one why other countries has the ability to buy, sell and convert their bitcoin to fiat.
Here in my country, without banks services, I really found it hard to convert our bitcoin to fiat even there's a lot of option.
yeah because initially the creator of bitcoin. make bitcoin as an option on the currency. not to replace.It's clearly will not happened I swear. The people behind bitcoin created this kind of crytocurrency not to replace and eliminates banks.
Without doubt, banks today are really a useful one why other countries has the ability to buy, sell and convert their bitcoin to fiat.
Here in my country, without banks services, I really found it hard to convert our bitcoin to fiat even there's a lot of option.
but did not rule out the possibility. if we do not need to convert it to a fiat. because bitcoin is already widely accepted by many merchants. so you can immediately use it without the help of banks?
it could happen
I get your picture here.
But my point here is in global cases. Remember that physical stores are not that available in third world countries even some of them accepts a direct payment in bitcoin. Even accessing online stores will having a hard time to those people living in a really far away to urban areas because of internet connection.
If bitcoin will replace banks, yes we can see the advantages and benefits but how about those people in lower community?
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