Topic: Can Bitcoin make Banks disappear? - page 31. (Read 427620 times)
I don't think it will happen that bitcoin make bank disappear. Fiat is widely used all over the world. Banks have been around for thousands of years and will continue to be institutions for off-person savings. Banks are really important to us, so it will never disappear and this is only my view.
If in my opinion better bounty because airdrop is not promising, airdrop only give coins for free while the gift has to do the task according to the rules after that can get the coin ..
I think therw will be no effect on banks when it comes to bitcoins. There are still transactions that needs the service of banks. Like making a deposits likes in saving and also in checking accounts. Also not all people have access to internet so will prefer the services rendered by banks.
if the Bank disappears then there will be no more cash (paper or metal), while we still need it all. Bitcoin is troubled by the length of time of confirmation and a considerable fee if it wants to transact more quickly. I prefer both side by side, I need Bitcoin and also Bank. I think it will look fairer.
Bitcoins will develop a structure of alternative banking, but it won't make the banks disappear. Banking is universally known and the banks has been used by normal people. It takes time for bitcoin to reach normal people.
Satoshi's blockchain based digital currencies can possibly replace banks in the very long run. It won't happen by itself and this community is not advancing that dream. There really isn't much serious going on, a lot of people think it happens by itself.
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
I don't think so, even though BTC reach its highest value and have the possibilities to become much bigger for the next decade, Banks has an important role in the world but both banks and bitcoin have their advantages and disadvantages. We can actually use both to make our lives better and our transactions more efficient, whereas they may be developed further, change the way of the actual existence but I think that Banks will eventually survive.
It may disappear in our heads, but it will not. Moreover, it will find ways on how to cope up and making services to people. Maybe, it can adapt and use bitcoin as well.
I don't think that will happen anytime soon, BTC is a currency of the future but taking over place of the real currency of the world that is pretty structured currently won't be a short-term project if BTC could overthrow fiat at anytime.
I think bitcoin won't make bank disappear. That is one of the impossible thing that can be true. Even now the users and the price of bitcoin increase day by day and many people say that bitcoin would influence the world but the bank will still remain strong. Maybe bank will change their system because bitcoin need bank too. They adapt with the situation in the future because people need it.
The future holds many opportunities not only for Bitcoin but other Alt Coins as well.
With DAO payment platforms, crypto investment funds and B2B Blochchain Loan Apps there wont be much left for traditional banks to do.
With DAO payment platforms, crypto investment funds and B2B Blochchain Loan Apps there wont be much left for traditional banks to do.
Banks wont disappear but they have to adapt
Generally, bank specially World Bank hold the most powerful currency, the cash or money. Even though bitcoin has a great value today and having a big possibility to become bigger in the future, btc cannot make banks disappear. Because for me, you can't withdraw your btc without banks. So every time you earn btc and make it money, you also use banks.
bitcoin cant make bank disappear. if can, they need bank of bitcoin, many cash, and give all people knowledge about bitcoin. so if there people need money instantly, developer can give money (from bitcoin).
but now, bank can make bitcoin disappear just because they afraid on bitcoin
but now, bank can make bitcoin disappear just because they afraid on bitcoin
Here In my country we can exchange our bitcoin into fiat and one of the choices is putting the fiat in the bank , But the thing is the bank who is supposed us to be claim our fiat is blocking us from getting our fiat because they say that it came from the platform who exchange our bitcoin into fiat. It only happened on some cases like me , Our country do not have the law on making our bitcoin into fiat thats why I think banks here in our country is scared from getting invaded by bitcoin.
My opinion is not, no because banks and bitcoin have a different. Banks is a secure savings for a cash while bitcoin is a savings online that waits a bigtime jackpot thats a price is going to high like what happen in a bitcoinworld today that is increases very high.
I think banks won't disappear.... 
I think that the banks will not disappear. They may be developed further, change the way of the actual existence but I think that will survive. Always will be need for money in big plans or projects, or even in various situations of everyone of us. May be a place when are offered the needed warranties that something can go without problems and take the needed money (or tools which may replace those). Be this the time of the actual us dollar and be the tomorrow one when maybe will be the day of bitcoin or the cryptos. Even in the probably time of only the cryptos will exist such needs. And even with the most sophisticated crypto in existence will exist always a hacker which can be able to steal or break the security of our personal wallets. Or people which will offer crypto but not security. It is another thing a bank. In all the previous problems...
It is not the banks that you should care, it is the people behind them.
And they are the ones that have all the power in every single country.
I really can not imagine any scenario leading those people to be disappeared
And they are the ones that have all the power in every single country.
I really can not imagine any scenario leading those people to be disappeared
Recent development in the bitcoin and altcoins investment has proven that the notion Bitcoins and altcoins might replace Bank is wrong. Can you imagine the transaction fee of buying a cup of coffee of $3.00 and paying a transaction fee of Bitcoins of $7.00. Bitcoins can never make bank disappear until miners stop charging exorbitant fees.
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