Can Bitcoin make Banks disappear? - page 317.

diegz

hero member

Activity: 798

Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: mickiya on February 21, 2016, 09:53:54 AM

Quote from: diegz on February 21, 2016, 03:57:20 AM

Quote from: jokerrj on February 20, 2016, 04:49:34 PM

It might be possible in future but hard to digest that banks can ever get disappear due to any digital currency, as banks are the strongest financial institutions and difficult to get disappeared.

That's true...those who run the banks are still thinking on what is happening right now and might find a way to cope up with todays technology...

After they adopt the today's technology, they will become much stronger and make more profits. Banks will win.

That's true, they might intend to do that to bitcoin when they have the idea of how the bitcoin run... as we know, some banks are greedy..

mickiya

full member

Activity: 195

Merit: 104

Quote from: diegz on February 21, 2016, 03:57:20 AM

Quote from: jokerrj on February 20, 2016, 04:49:34 PM

It might be possible in future but hard to digest that banks can ever get disappear due to any digital currency, as banks are the strongest financial institutions and difficult to get disappeared.

That's true...those who run the banks are still thinking on what is happening right now and might find a way to cope up with todays technology...

After they adopt the today's technology, they will become much stronger and make more profits. Banks will win.

diegz

hero member

Activity: 798

Merit: 500

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: jokerrj on February 20, 2016, 04:49:34 PM

It might be possible in future but hard to digest that banks can ever get disappear due to any digital currency, as banks are the strongest financial institutions and difficult to get disappeared.

That's true...those who run the banks are still thinking on what is happening right now and might find a way to cope up with todays technology...

Mr. Big

global moderator

Activity: 2324

Merit: 1179

While my guitar gently weeps!!!

Quote from: OnTheMF on February 21, 2016, 02:17:48 AM

Banks will be always there, all around the world because if there is no bank then how the people get their local currencies, when they sell their bitcoins to the traders.

That is right, without banks it would be difficult to buy Physical goods, as we all know there are only few stores that accepts bitcoin..

OnTheMF

full member

Activity: 168

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

Banks will be always there, all around the world because if there is no bank then how the people get their local currencies, when they sell their bitcoins to the traders.

mainpmf

sr. member

Activity: 448

Merit: 250

Quote from: jokerrj on February 20, 2016, 04:49:34 PM

It might be possible in future but hard to digest that banks can ever get disappear due to any digital currency, as banks are the strongest financial institutions and difficult to get disappeared.

Which would make the btc the coolest project ever ^^

jokerrj

full member

Activity: 182

Merit: 100

It might be possible in future but hard to digest that banks can ever get disappear due to any digital currency, as banks are the strongest financial institutions and difficult to get disappeared.

Laosai

sr. member

Activity: 462

Merit: 250

Quote from: reputedchain on February 20, 2016, 03:52:02 PM

Quote from: redsun114 on February 20, 2016, 03:04:45 PM

Quote from: srinikethan on February 20, 2016, 09:52:23 AM

I think, banks will not be disappear. Instead, they’ll start using bitcoins instead of fiat currency with some regulations like in fiat.

You are right, banks may survive, but not with the same facilities. Because bitcoin take care of all usual/traditional banking facilities. Banks will be forced to innovate to provide new services.

Banks will never support bitcoins as it is a threat to their system, banks would keep on regulating as they are doing since ages, and they will never introduce bitcoins into their banking system.

But the only way to control or regulate bitcoin would be to set up enough miners to get 51% of the network Wink

reputedchain

full member

Activity: 164

Merit: 100

Quote from: redsun114 on February 20, 2016, 03:04:45 PM

Quote from: srinikethan on February 20, 2016, 09:52:23 AM

I think, banks will not be disappear. Instead, they’ll start using bitcoins instead of fiat currency with some regulations like in fiat.

You are right, banks may survive, but not with the same facilities. Because bitcoin take care of all usual/traditional banking facilities. Banks will be forced to innovate to provide new services.

Banks will never support bitcoins as it is a threat to their system, banks would keep on regulating as they are doing since ages, and they will never introduce bitcoins into their banking system.

redsun114

hero member

Activity: 2744

Merit: 586

Leading Crypto Sports Betting & Casino Platform

Quote from: srinikethan on February 20, 2016, 09:52:23 AM

I think, banks will not be disappear. Instead, they’ll start using bitcoins instead of fiat currency with some regulations like in fiat.

You are right, banks may survive, but not with the same facilities. Because bitcoin take care of all usual/traditional banking facilities. Banks will be forced to innovate to provide new services.

Laosai

sr. member

Activity: 462

Merit: 250

Quote from: bargainbin on February 20, 2016, 10:23:26 AM

Quote from: Laosai on February 20, 2016, 09:55:57 AM

Quote from: bargainbin on February 20, 2016, 09:43:52 AM

Quote from: Laosai on February 20, 2016, 09:00:15 AM

Quote from: lixer on February 20, 2016, 08:26:26 AM

Quote from: Oscoda on February 19, 2016, 10:07:46 AM

It can make banks disappear but it will take a long time before it can even happen, we just need to wait for it see what happens.
The banks hate the bitcoin they only love the block system of it...

Banks do not hate bitcoin. I believe that both of these are going to be very good combination. If bitcoin and banks work together, both can help each other. It takes time but it'll happen for sure.

WHYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY??? ><

Why would banks and btc get together? There is no reason for us to use banks they're useless piece of shit and parasites nothing more!!!

And yet some Bitcoiners still get surprised when banks tell them to go away & don't wanna play with them...

And I don't get why would any bitcoiners want to use a bank! Banks represent everything that btc fights for!!! That would be the most stupid thing ever to have a btc bank!!!

Well, those who left Mom's Basement tend to get paid in fiat, have to buy things with fiat, have mortgages, car payments, health insurance payments, taxes, etc., etc. -- that sort of thing...

Dude of course currently you need banks, but we're talking about a future where btc is spread enough to pay for those in btc Wink

Then banks will become useless!

bargainbin

full member

Activity: 126

Merit: 100

Quote from: Laosai on February 20, 2016, 09:55:57 AM

Quote from: bargainbin on February 20, 2016, 09:43:52 AM

Quote from: Laosai on February 20, 2016, 09:00:15 AM

Quote from: lixer on February 20, 2016, 08:26:26 AM

Quote from: Oscoda on February 19, 2016, 10:07:46 AM

It can make banks disappear but it will take a long time before it can even happen, we just need to wait for it see what happens.
The banks hate the bitcoin they only love the block system of it...

Banks do not hate bitcoin. I believe that both of these are going to be very good combination. If bitcoin and banks work together, both can help each other. It takes time but it'll happen for sure.

WHYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY??? ><

Why would banks and btc get together? There is no reason for us to use banks they're useless piece of shit and parasites nothing more!!!

And yet some Bitcoiners still get surprised when banks tell them to go away & don't wanna play with them...

And I don't get why would any bitcoiners want to use a bank! Banks represent everything that btc fights for!!! That would be the most stupid thing ever to have a btc bank!!!

Well, those who left Mom's Basement tend to get paid in fiat, have to buy things with fiat, have mortgages, car payments, health insurance payments, taxes, etc., etc. -- that sort of thing...

Laosai

sr. member

Activity: 462

Merit: 250

Quote from: Amadues on February 20, 2016, 10:03:13 AM

Quote from: srinikethan on February 20, 2016, 09:52:23 AM

I think, banks will not be disappear. Instead, they’ll start using bitcoins instead of fiat currency with some regulations like in fiat.

They are two parallel system that can't be the same, like gold and paypal.
Why we need banks? We needs only an environment that could accept easily btc!

exactly my friend =)

Banks are here only to use your money in ways you wouldn't profit! No point in banks at all!

Amadues

hero member

Activity: 924

Merit: 1001

Quote from: srinikethan on February 20, 2016, 09:52:23 AM

I think, banks will not be disappear. Instead, they’ll start using bitcoins instead of fiat currency with some regulations like in fiat.

They are two parallel system that can't be the same, like gold and paypal.
Why we need banks? We needs only an environment that could accept easily btc!

Laosai

sr. member

Activity: 462

Merit: 250

Quote from: bargainbin on February 20, 2016, 09:43:52 AM

Quote from: Laosai on February 20, 2016, 09:00:15 AM

Quote from: lixer on February 20, 2016, 08:26:26 AM

Quote from: Oscoda on February 19, 2016, 10:07:46 AM

It can make banks disappear but it will take a long time before it can even happen, we just need to wait for it see what happens.
The banks hate the bitcoin they only love the block system of it...

Banks do not hate bitcoin. I believe that both of these are going to be very good combination. If bitcoin and banks work together, both can help each other. It takes time but it'll happen for sure.

WHYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY??? ><

Why would banks and btc get together? There is no reason for us to use banks they're useless piece of shit and parasites nothing more!!!

And yet some Bitcoiners still get surprised when banks tell them to go away & don't wanna play with them...

And I don't get why would any bitcoiners want to use a bank! Banks represent everything that btc fights for!!! That would be the most stupid thing ever to have a btc bank!!!

srinikethan

newbie

Activity: 42

Merit: 0

I think, banks will not be disappear. Instead, they’ll start using bitcoins instead of fiat currency with some regulations like in fiat.

bargainbin

full member

Activity: 126

Merit: 100

Quote from: Laosai on February 20, 2016, 09:00:15 AM

Quote from: lixer on February 20, 2016, 08:26:26 AM

Quote from: Oscoda on February 19, 2016, 10:07:46 AM

It can make banks disappear but it will take a long time before it can even happen, we just need to wait for it see what happens.
The banks hate the bitcoin they only love the block system of it...

Banks do not hate bitcoin. I believe that both of these are going to be very good combination. If bitcoin and banks work together, both can help each other. It takes time but it'll happen for sure.

WHYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY??? ><

Why would banks and btc get together? There is no reason for us to use banks they're useless piece of shit and parasites nothing more!!!

And yet some Bitcoiners still get surprised when banks tell them to go away & don't wanna play with them...

Laosai

sr. member

Activity: 462

Merit: 250

Quote from: lixer on February 20, 2016, 08:26:26 AM

Quote from: Oscoda on February 19, 2016, 10:07:46 AM

It can make banks disappear but it will take a long time before it can even happen, we just need to wait for it see what happens.
The banks hate the bitcoin they only love the block system of it...

Banks do not hate bitcoin. I believe that both of these are going to be very good combination. If bitcoin and banks work together, both can help each other. It takes time but it'll happen for sure.

WHYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY??? ><

Why would banks and btc get together? There is no reason for us to use banks they're useless piece of shit and parasites nothing more!!!

lixer

hero member

Activity: 2688

Merit: 588

Quote from: Oscoda on February 19, 2016, 10:07:46 AM

It can make banks disappear but it will take a long time before it can even happen, we just need to wait for it see what happens.
The banks hate the bitcoin they only love the block system of it...

Banks do not hate bitcoin. I believe that both of these are going to be very good combination. If bitcoin and banks work together, both can help each other. It takes time but it'll happen for sure.

youdamushi

sr. member

Activity: 392

Merit: 250

Quote from: Smita on January 12, 2016, 05:02:21 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

Even if they wanted I don't see how they could do it to be honest ^^

Topic: Can Bitcoin make Banks disappear? - page 317. (Read 427643 times)