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Topic: Can Bitcoin make Banks disappear? - page 312. (Read 427643 times)

full member
Activity: 182
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Pollak
February 28, 2016, 03:39:16 PM
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.
hero member
Activity: 770
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Forza Roma
February 28, 2016, 02:05:26 PM
That will not happen. But I think that will not happen so fast. That is not so good for the people.
I think that more people will use also normal banks. And they dont know how to use Bitcoin.
To some extent the world is ruled by banks, in short the government and if bitcoins take over banks then the government will lose its stability and I do not think the government would let a decentralized currency get the better of them.


The banking elite is controlling the world. Not just financially but also politically.
If you think about it, most of the things go through them, which makes them impossible to defeat.
legendary
Activity: 1386
Merit: 1058
February 28, 2016, 01:38:25 PM
Bitcoin can eventually make banks disappear. But this wont happen tomorrow.
Actually not, because you see some people prefer legal works over such things and they wont stop using banks. But yes if you ask me and given a choice, I would stop using bank, come on what you need is all provided by btc then whats the need of banks man ?
legendary
Activity: 1232
Merit: 1029
February 28, 2016, 01:19:44 PM
That will not happen. But I think that will not happen so fast. That is not so good for the people.
I think that more people will use also normal banks. And they dont know how to use Bitcoin.
To some extent the world is ruled by banks, in short the government and if bitcoins take over banks then the government will lose its stability and I do not think the government would let a decentralized currency get the better of them.
legendary
Activity: 1624
Merit: 2504
February 28, 2016, 01:14:13 PM
Bitcoin can eventually make banks disappear. But this wont happen tomorrow.
legendary
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Casinopunkz - Anonymous Crypto Casino
February 28, 2016, 10:39:16 AM
I feel such possibility is very low. Making banks disappear is just a part of the bitcoin's growth.
If this happens most banks might change their technology and try using bitcoins.
hero member
Activity: 798
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★YoBit.Net★ 350+ Coins Exchange & Dice
February 28, 2016, 10:30:52 AM
It is impossible. That cant happen. Many people use their normal money and they need their normal banks too.
There are so many people that dont even know what Bitcoin is so that cant happen. Maybe later after 50 years. That is maybe possible.


that is right, adoption won't really that easy to happen, many people, specially those who are not open to accept this technology are still have their fiat in the bank, and even us, we have to admit it, we still have a bank account...   Smiley
sr. member
Activity: 322
Merit: 250
February 28, 2016, 10:19:46 AM
It is impossible. That cant happen. Many people use their normal money and they need their normal banks too.
There are so many people that dont even know what Bitcoin is so that cant happen. Maybe later after 50 years. That is maybe possible.
sr. member
Activity: 714
Merit: 250
February 28, 2016, 09:51:21 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
At any time until the bank is not going to disappear because each country must require the bank to manage money so it's highly unlikely. If it happens to be an economic crisis and financial instability. Bitcoin can not make the banks disappear because I think they are different and can not influence each other.
hero member
Activity: 742
Merit: 500
February 28, 2016, 09:15:10 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
hero member
Activity: 672
Merit: 500
February 28, 2016, 09:07:23 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.

Bitcoin is a full currency i think , there is no real difference between Bitcoin and the other currencies nowadays, fiat is used more till now that's true, but seeing the history of Bitcoin and how it reach this great success in this short period of time we can expect more success for this crypto currency
full member
Activity: 195
Merit: 104
February 28, 2016, 03:19:16 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.
hero member
Activity: 560
Merit: 500
February 27, 2016, 11:07:09 AM
As all here know banks trying to make  their own blockchain,to save the high fees they pay,soo maybe be a question of time till they start to accepts payments of bitcoins ,as applications with bitcoins ,converted to fiat value on the day ,and growing as btc and not fiat.
hero member
Activity: 798
Merit: 500
★YoBit.Net★ 350+ Coins Exchange & Dice
February 27, 2016, 09:34:05 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

still, banks are well established and its reputation was built thru the years that it exist, and most people trust banks already before bitcoin came...in popularity, even a child could know banks just by listening to his parents, while bitcoin is so techie and complicated...
hero member
Activity: 742
Merit: 500
February 27, 2016, 09:28:34 AM
I don't think that Bitcoin can make banks disappear, at least in our nearest future
Bitcoin is just launched and created since few years ago and still needing more support and advertise worldwide
hero member
Activity: 672
Merit: 500
February 27, 2016, 09:24:47 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
full member
Activity: 196
Merit: 100
February 27, 2016, 05:58:40 AM
Certainly it will not 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 owner wishes.
Right now it does not seem to be possible for bitcoin to disappear banks since it has no physical atms and also it is very critical when it comes to passwords because in bitcoin you lose every thing if you forget password where as in banking they have many ways to retrieve your data to help out without tension.

Yes and I think majority of the people have more faith in banking system, and even the users of bitcoins are also using banks for sure for their daily transactions, so banks will always there.

Yeah and banks pay you interest on your capital, and its always safe to store your money in banks, where as bitcoin doesn't pay you interest, you can earn good returns only if the price goes higher.
full member
Activity: 238
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★Bitvest.io★ Play Plinko or Invest!
February 27, 2016, 04:33:06 AM
Certainly it will not 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 owner wishes.
Right now it does not seem to be possible for bitcoin to disappear banks since it has no physical atms and also it is very critical when it comes to passwords because in bitcoin you lose every thing if you forget password where as in banking they have many ways to retrieve your data to help out without tension.

Yes and I think majority of the people have more faith in banking system, and even the users of bitcoins are also using banks for sure for their daily transactions, so banks will always there.
hero member
Activity: 742
Merit: 500
February 27, 2016, 01:52:26 AM
Certainly it will not 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 owner wishes.
Right now it does not seem to be possible for bitcoin to disappear banks since it has no physical atms and also it is very critical when it comes to passwords because in bitcoin you lose every thing if you forget password where as in banking they have many ways to retrieve your data to help out without tension.
newbie
Activity: 14
Merit: 0
February 27, 2016, 01:41:09 AM
Certainly it will not 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 owner wishes.
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