Topic: Can Bitcoin make Banks disappear? - page 310. (Read 427643 times)
I don't think it can for now at least. Banks provide services for long years no matter what.
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.
This is not a competition which each other down. banks will not die because bitcoin. and the bank will not try to stop bitcoin, you're seeing now. bank never interfered against bitcoinI 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.
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.
I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it
it would be different if the bitcoin has been widely received by many people. of course we need now is bitcoin wallet not bank 
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.
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.
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.
I believe that eventually bitcoin banks will emerge. The whole concept of decentralization will be flushed down the drain. Here's why. So far the blockchain is 50 gigs and it's growing at an exponential rate. In order to have a bitcoin wallet, users must download the whole blockchain. What's going to happen when the blockchain is 1TB? Users aren't going to be able to have personal wallets. Instead, people/businesses will host the blockchain in data centers and users will have to hold their coins in a third party wallet. Hence, bitcoin banks.
I think Bitcoin's can't make the banks disappear at least in our nearest future, because banks are having already a very big community using and supporting it's services till now. But in time it's possible that Bitcoin will be used more than banks
Yes in actual its true but actually why would we want bitcoins to disappear banks ? Both can run because none of them influence the other in any manner. I think the best way is bitcoins to store money though 
True, and there are some people who even talk of Bitcoin banks, I mean where people would like to save their coins to get interest on it...
Not a good idea TBH, but still, if both can run in a parallel manner, that would be all okay...
I think Bitcoin's can't make the banks disappear at least in our nearest future, because banks are having already a very big community using and supporting it's services till now. But in time it's possible that Bitcoin will be used more than banks
Yes in actual its true but actually why would we want bitcoins to disappear banks ? Both can run because none of them influence the other in any manner. I think the best way is bitcoins to store money though 
Can Bitcoin make Banks dissappear?
It's clearly 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 countrirs 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 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 countrirs 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 don't think that Bitcoin is needing to make Banks disappear, Bitcoin can conquer the world and become the first global used currency worldwide without having to make banks disappear , if this happen i think very few number of people will stay with banking services and it will disappear normally with time
I think so too, 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
Its just a matter of time before more people will use the bitcoin and believe in it, I think in a few years its possible for sure.
I don't think that Bitcoin is needing to make Banks disappear, Bitcoin can conquer the world and become the first global used currency worldwide without having to make banks disappear , if this happen i think very few number of people will stay with banking services and it will disappear normally with time
I think so too, 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
I don't think that Bitcoin is needing to make Banks disappear, Bitcoin can conquer the world and become the first global used currency worldwide without having to make banks disappear , if this happen i think very few number of people will stay with banking services and it will disappear normally with time
come to think of bitcoin have the same functionality as the money, if the bank does not mean bitcoin make it, there is no longer a function of money in this world, as well as bitcoin. because bitcoin will definitely be exchanged for money to buy something in the real world
Of course it cant make it disappear. Why do you think that. Many people doesnt even know what Bitcoin is so that is already a huge problem.Maybe it can be later happen. But not now around this time. It is not that popular now.
I dont think that will happen. People need also their banks for back up or something. And to save their normal money. Dollar is more popular than Bitcoin.
And many people doesnt even know what Bitcoin is so that would be difficult if you want to make the banks disappear.
And many people doesnt even know what Bitcoin is so that would be difficult if you want to make the banks disappear.
I have the same thinking. We need bank to do something that exchanges do not provide. We would like to borrow bitcoin from banks.
Your wish seems like giving the control of bitcoin to the banking corporates. If your wish comes true we won't get most of the benefits of bitcoin, that we experiencing at present.
come to think of bitcoin have the same functionality as the money, if the bank does not mean bitcoin make it, there is no longer a function of money in this world, as well as bitcoin. because bitcoin will definitely be exchanged for money to buy something in the real world
I think bitcoin and fiat can both co-exist together, with bitcoin covering the physical trades and bitcoin used in online transactions.
I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it
Well, because at this time. fiat currencies still be used by the whole world. thats why the bank will always be used. different if. bitcoin have spread all over the world, certainly a lot of people will use bitcoin wallet, not the bank Jump to: