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Topic: Can Bitcoin make Banks disappear? - page 311. (Read 427643 times)

legendary
Activity: 3122
Merit: 1398
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March 01, 2016, 06:48:00 AM
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.
sr. member
Activity: 420
Merit: 250
March 01, 2016, 05:24:52 AM
I think there's no reason that bank will disappear because of bitcoin.. bank is always safe than bitcoin.. bitcoin is for online money and banks are our local vault that we can securely save our money via banks. bitcoin has no stable price so that bitcoin is not the best option to save our money..

Banks are not safer than Bitcoin. Especially due to the fact that you don't own your money and don't know if certain ego-bankers are taking huge risks with it on the financial markets. Beside that, everything nowadays is becomming more digital. People aren't really dealing that much with physical fiat money anymore as they used to do a few years back. They just use their plastic cards or their smartphone to pay for stuff.
Indeed Bitcoin is very safe and that is very good. But some people doesnt even trust Bitcoin, but that is because they never use it.
And that is bad. Many people must try out Bitcoin and see the good things of it. It works namely very well and that is good.
sr. member
Activity: 308
Merit: 250
March 01, 2016, 03:40:19 AM
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.

I have the same thinking. We need bank to do something that exchanges do not provide. We would like to borrow bitcoin from banks.
hero member
Activity: 778
Merit: 500
March 01, 2016, 03:05:38 AM
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.
legendary
Activity: 2170
Merit: 1427
March 01, 2016, 02:36:56 AM
I think there's no reason that bank will disappear because of bitcoin.. bank is always safe than bitcoin.. bitcoin is for online money and banks are our local vault that we can securely save our money via banks. bitcoin has no stable price so that bitcoin is not the best option to save our money..

Banks are not safer than Bitcoin. Especially due to the fact that you don't own your money and don't know if certain ego-bankers are taking huge risks with it on the financial markets. Beside that, everything nowadays is becomming more digital. People aren't really dealing that much with physical fiat money anymore as they used to do a few years back. They just use their plastic cards or their smartphone to pay for stuff.
hero member
Activity: 924
Merit: 1001
March 01, 2016, 01:43:44 AM
I think there's no reason that bank will disappear because of bitcoin.. bank is always safe than bitcoin.. bitcoin is for online money and banks are our local vault that we can securely save our money via banks. bitcoin has no stable price so that bitcoin is not the best option to save our money..
hero member
Activity: 1190
Merit: 500
March 01, 2016, 12:00:17 AM
I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it
true. because everyone still using fiat money in the deal. certainly the bank will be needed for the management of their money
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
February 29, 2016, 11:42:45 PM
I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it

That is true... we still need banks and fiat, we are relying on it when we need to use our bitcoin.. we still need to see more stores that accept it to make bitcoin function like what fiat can do..
sr. member
Activity: 714
Merit: 250
February 29, 2016, 09:07:00 PM
I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it
I think as well as any later bitcoin still will not be able to make the banks disappear, and banks will never disappear because of the financial resources of the country. Bitcoin can not affect the banks because they are different.
hero member
Activity: 672
Merit: 500
February 29, 2016, 10:14:20 AM
I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it
sr. member
Activity: 420
Merit: 250
February 29, 2016, 09:59:05 AM
well considering that our world is ruled right now by the bankers , let s hope it is not the bank who will make bitcoin disappear lol

Indeed, Its possible but I think its gonna be a long journey due to the fact that bank will not let this happen easy because they are against it and want to destroy the bitcoin.

My conclusion is that its possible for sure but it will take some time to do this, I think it will take years before it even can become true.
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
February 29, 2016, 09:57:13 AM
I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.
have you ever heard that banks hate bitcoin? what they are talking about it. I guess they do not hate bitcoin. both are different things. I do not think either of them. can make one become dissapear
I think bank will not hate bitcoin because they are very different and are not interconnected. Highly unlikely if bitcoin make bank disappears and it is impossible because the two are very different.

I do not agree with you that they are completely different. Bitcoin is a huge competitor with normal banks because once people know that with btc they can fully control their money and spend it whenever they want unlike banks which one does not have any control over his deposited money and banks may create restrictions and limits that prevent him from using his own money, once more people feel the difference, they will abandon banks
sr. member
Activity: 434
Merit: 250
February 29, 2016, 09:48:14 AM
I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.
have you ever heard that banks hate bitcoin? what they are talking about it. I guess they do not hate bitcoin. both are different things. I do not think either of them. can make one become dissapear
I think bank will not hate bitcoin because they are very different and are not interconnected. Highly unlikely if bitcoin make bank disappears and it is impossible because the two are very different.
It wont happen. Many people need also some normal banks. They dont even know what Bitcoin is and what you can do with it.
So first you must make Bitcoin more popular and than you can talk about banks are disappearing.
sr. member
Activity: 714
Merit: 250
February 29, 2016, 07:10:48 AM
I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.
have you ever heard that banks hate bitcoin? what they are talking about it. I guess they do not hate bitcoin. both are different things. I do not think either of them. can make one become dissapear
I think bank will not hate bitcoin because they are very different and are not interconnected. Highly unlikely if bitcoin make bank disappears and it is impossible because the two are very different.
hero member
Activity: 2646
Merit: 548
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February 29, 2016, 05:41:17 AM
I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.

On the whole bitcoin is used by most banks indirectly, they haven't got into this technology directly.
When they get into this directly sometimes the disappearing will takeplace in a short team.
hero member
Activity: 658
Merit: 500
February 29, 2016, 04:53:40 AM
I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.
have you ever heard that banks hate bitcoin? what they are talking about it. I guess they do not hate bitcoin. both are different things. I do not think either of them. can make one become dissapear
sr. member
Activity: 406
Merit: 250
February 29, 2016, 04:27:25 AM
That cant happen. I think that will not happen. Many people doesnt even know what Bitcoin is and that is not good.
I hope maybe it can happen later in the future. So we use Bitcoin more and that will be good for the people. The world is becoming more digital.
full member
Activity: 134
Merit: 100
February 29, 2016, 02:13:48 AM
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
I am just wondering how a currency make banks disappears? bitcoin is a currency, as like dollar, and Euro and banks are the currency maker and controller. How a currency disappear currency maker, bitcoin need so much power to do this This time bitcoin is strong currency but not that much.
I agree with you bitcoin's can't make bank disappear, but I believe someday bitcoin can replace the fiat especially for paper money, peoples are prefer to pay things with virtual money and I think bitcoin is the best payment processor ever
but to make bank disappear, I think bitcoin have nothing to do that
Just my thoughts
hero member
Activity: 2688
Merit: 588
February 29, 2016, 01:43:43 AM
Bitcoin has no chance against banks. Pretty much everyone in the world uses a bank.

I think that is unfair to compare the usability of each banks and Bitcoins , banks are working since centuries while Bitcoin just created since few years ago and already made a great success

Bitcoin is just a kind of currency. The banks can adopt it easily. They can use that for making profits as well.
I dont think something like bitcoins would be accepted by bank ( though would love to see them getting accepted ) , reason being price is unstable of BTC and banks wont be a fan of that.
legendary
Activity: 2100
Merit: 1058
February 28, 2016, 03:42:04 PM
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
I am just wondering how a currency make banks disappears? bitcoin is a currency, as like dollar, and Euro and banks are the currency maker and controller. How a currency disappear currency maker, bitcoin need so much power to do this This time bitcoin is strong currency but not that much.
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