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Topic: Can Bitcoin make Banks disappear? - page 316. (Read 427643 times)

hero member
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February 23, 2016, 08:27:31 AM
bitcoin is bitcoin and bank is bank those things could not be equated because banks supported by government and bitcoin is independent and forever bitcoin would not make banks dissapear i'm very sure about that
You are right. I also think bitcoin couldn't disappear banks, because bitcoin is like a currency and banks are like currency holder and sorters. How bitcoin can disappear banks?  I think in future banks will start working with bitcoins.
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February 23, 2016, 06:14:14 AM
Its not possible because the bitcoin has their own system of money handling and bank has their own. So without local areas bank bitcoins transfer into local currencies can't happen.
sr. member
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February 23, 2016, 05:49:04 AM
... That is the reason bitcoin would be more successful in many countries where people still do not have access to traditional bank...

...but have smartphones with unlimited internet & retailers who accept BTC.



Roughly HALF of us humans live on less than $2 US/day.

Ah, if only more people were aware of that...
But no they keep whining about how they get "invaded"
legendary
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February 23, 2016, 04:28:26 AM
bitcoin is bitcoin and bank is bank those things could not be equated because banks supported by government and bitcoin is independent and forever bitcoin would not make banks dissapear i'm very sure about that
hero member
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Forza Roma
February 23, 2016, 04:22:53 AM
Bitcoin cant do that. But it banks reduce and that will be bad. Most people need some normal banks too and that is good.
They dont even know what Bitcoin is. So that is difficult to delete the banks. Bitcoin will be becoming more popular in the future.
global moderator
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February 23, 2016, 03:12:06 AM
No bitcoin can't make banks dissapear. Physical banks can dissapear, yes that's true but bitcoin won't be the reason that this will happen.
You're still going to need fiat if you're country hasn't adapted to bitcoin yet, so you will always need to exchange.

That is true... Physical structure of banks might be gone and fewer workers would be needed, or if not, more IT related workers would be hire,,, we still need banks, it might take years before they will be gone..
member
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February 22, 2016, 09:29:05 AM
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.

Even when it does, it will required a trully revolution in order for the governments to recognize it as an exchange currency. The world elites will not easily let go of their power...
hero member
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February 22, 2016, 09:24:00 AM
Bitcoin besides being a currency,a coin ,a way to pay wont replace any other currency or make the current system to fail,as banks ,look at western union they loosing costumers slowly but they have a good service besides their high fees,bitcoin later can be part a paypal on the exchange of bitcoin to fiat.
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February 22, 2016, 09:21:40 AM
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.
member
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February 22, 2016, 09:07:42 AM
There was nothing said about btc and banks working together. Hopefully they never do, not that it needs much hope because they never will.
A decentralized btc is not something banks are going to even attempt to work with and it would be worse for both not better. As long as it becomes even more widely accepted banks are not needed but they have nothing to fear from btc and they will never disappear unless forced to.
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February 22, 2016, 08:58:48 AM
No bitcoin can't make banks dissapear. Physical banks can dissapear, yes that's true but bitcoin won't be the reason that this will happen.
You're still going to need fiat if you're country hasn't adapted to bitcoin yet, so you will always need to exchange.
full member
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February 22, 2016, 08:57:27 AM
... That is the reason bitcoin would be more successful in many countries where people still do not have access to traditional bank...

...but have smartphones with unlimited internet & retailers who accept BTC.



Roughly HALF of us humans live on less than $2 US/day.
hero member
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Live Stars - Adult Streaming Platform
February 22, 2016, 08:43:04 AM
i think bank will not be disapear, i believe someday bitcoin will be replace the fiat but bank will be exist, as we know that some bank and other economic organization are interested on technlogy behind the bitcoin of course the blockchain, maybe they will build their own cryptocurency, but to adopted bitcoin officially i think it's imposible due to their principal against bitcoin

Why would anyone use them?
We should all take the chance and use btc opportunity to get rid of the banks!!!
Not that will not happen that fast. Many people need also some normal banks, because they dont know what Bitcoin is.
The older generation doesnt even know what Bitcoin is and that is hard for them to explain to them what Bitcoin is.
full member
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February 22, 2016, 06:57:40 AM
Well, if we compare it with the bank market in the USA. The world is still a lot of banks that do not have the strength of large, many small countries that need to be taken into account. That is the reason bitcoin would be more successful in many countries where people still do not have access to traditional bank. When people will have all the features of banking with bitcoin ecosystem then there is no need of fiat currencies and banks. I believe strongly bitcoin replace bank... It is highly possible that bitcoin is getting into mainstream adoption for all type of payments like both physically and online usage. At the time we do not need to convert bitcoin into fiat as all the services and  products will be available for bitcoin directly. So, there is no need of converting bitcoins into fiat. Then, there is no need of banking system.  Grin
sr. member
Activity: 448
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February 22, 2016, 06:46:25 AM
i think bank will not be disapear, i believe someday bitcoin will be replace the fiat but bank will be exist, as we know that some bank and other economic organization are interested on technlogy behind the bitcoin of course the blockchain, maybe they will build their own cryptocurency, but to adopted bitcoin officially i think it's imposible due to their principal against bitcoin

Why would anyone use them?
We should all take the chance and use btc opportunity to get rid of the banks!!!
hero member
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Merit: 500
Forza Roma
February 22, 2016, 04:07:02 AM
That will not happen so fast. Many people need normal banks too, and they must use it too.
Of course there will be more online wallets. But older people doesnt even know what Bitcoin is so it is hard to delete the normal banks.

It will not happen at all, this will not happen because of the point that many people are depended on the bank but also because of banks will not let it happen.
Banks are hating on the bitcoin, they want to let the bitcoin disappear but this will of course not gonna happen.
sr. member
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February 22, 2016, 04:03:26 AM
That will not happen so fast. Many people need normal banks too, and they must use it too.
Of course there will be more online wallets. But older people doesnt even know what Bitcoin is so it is hard to delete the normal banks.
full member
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February 22, 2016, 03:59:32 AM
I dont think so bank would disappear. As in my country lack of people know about bitcoins and it may be successful but had to be popular and needs more time Smiley
hero member
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February 22, 2016, 01:30:24 AM
i think bank will not be disapear, i believe someday bitcoin will be replace the fiat but bank will be exist, as we know that some bank and other economic organization are interested on technlogy behind the bitcoin of course the blockchain, maybe they will build their own cryptocurency, but to adopted bitcoin officially i think it's imposible due to their principal against bitcoin
member
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February 22, 2016, 01:06:19 AM
Bitcoin may change banks but I don't think they will ever disappear.
The bank is the one holding/ regulating fiat and without the bank the value of fiat that we use will never be determined.
I think even if bitcoin became a world currency, bank will stay for some reason.
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