Bitcoin won't make banks disappear but over the coming years we can see banks that adopt the technology of bitcoin for their growth as well to get increased users.
But I believe in future may be banks start supporting bitcoin. We can open bitcoin accounts in banks and we may store bitcoin in our saving account. Nice to imagine.
Topic: Can Bitcoin make Banks disappear? - page 319. (Read 427643 times)
I dont think that can happen. Many people must use their banks. So it can disappear. Some people dont even know what Bitcoin is.
Ofcourse the online wallets is becoming now more popular. But It does not mean that banks will be gone in the future.
Yeah agree with you dude, everyone needs a bank to set up. their finances. many companies and institutions associated with the bank, the bank may not be disappearing Ofcourse the online wallets is becoming now more popular. But It does not mean that banks will be gone in the future.
Bitcoin won't make banks disappear but over the coming years we can see banks that adopt the technology of bitcoin for their growth as well to get increased users.
That is my though as well. Banks will adapt to the new environment. If there is money to be earned, they will use bitcoin.
I dont think that it can happen. Many people doesnt even know what Bitcoin is.
And people need some normal banks too. They dont know the online wallets.
Yes I agree with you. I think it wont happen. Maybe it is possible in the future in 2030 maybe but now not in this time.And people need some normal banks too. They dont know the online wallets.
Many people doesnt even how Blockchain works or something. They must learn that. So it wont be possible now.
exactly my dude, I hope in the future that it happen, if in the future everywhere and all company, merchant will also accept it and they will trading with bitcoin then it's possible and Bank's clients slowly disappear.
Bitcoin won't make banks disappear but over the coming years we can see banks that adopt the technology of bitcoin for their growth as well to get increased users.
But I believe in future may be banks start supporting bitcoin. We can open bitcoin accounts in banks and we may store bitcoin in our saving account. Nice to imagine.
I dont think that can happen. Many people must use their banks. So it can disappear. Some people dont even know what Bitcoin is.
Ofcourse the online wallets is becoming now more popular. But It does not mean that banks will be gone in the future.
Ofcourse the online wallets is becoming now more popular. But It does not mean that banks will be gone in the future.
Another thing to think about in this situation is whether or not it's worth trying to make the banks disappear. Bitcoin has definitely come a long way, but what use is coming a long way if we always keep backpedaling? (The price consistently dropping or becoming stagnant). We really need to work together and figure this out.
Bitcoin won't make banks disappear but over the coming years we can see banks that adopt the technology of bitcoin for their growth as well to get increased users.
That is true... bitcoin might really create a bitcoin like technology as an adjustment and to sustain the business as there might be more and more who are banking might switch to bitcoin...
Bitcoin won't make banks disappear but over the coming years we can see banks that adopt the technology of bitcoin for their growth as well to get increased users.
Not anytime soon. As of now, I would say we need the banks now more than ever as they have been here for a while and are not going to be overthrown by something thats only 7-8 years old. It is not fair. Let BTC be more established, then we can move the banks away from us.
I dont think that it can happen. Many people doesnt even know what Bitcoin is.
And people need some normal banks too. They dont know the online wallets.
Yes I agree with you. I think it wont happen. Maybe it is possible in the future in 2030 maybe but now not in this time.And people need some normal banks too. They dont know the online wallets.
Many people doesnt even how Blockchain works or something. They must learn that. So it wont be possible now.
...
Same way the banks do it. The company through which you went to lend will sue him.
The difference is that in a bank you deposit and they use your money and make you pay for that! In this system you decide if you invest or if you keep in your wallet!
Same way the banks do it. The company through which you went to lend will sue him.
The difference is that in a bank you deposit and they use your money and make you pay for that! In this system you decide if you invest or if you keep in your wallet!
Did Kickstarter ever litigate on behalf of the "lenders"? Or do you expect everyone who "invested" a dollar in your house to take legal action?
How would this work?
Nope. all people will need bank.
how important it is when one large people such as George Soros pull all their money out of the bank, the currency of a country could be faltering you know
how important it is when one large people such as George Soros pull all their money out of the bank, the currency of a country could be faltering you know
Why? Why would people need banks???
With btc you can store your money safely so why would you need a bank?
You want to buy a house, but don't have $1 million? That's where the bank comes in.
You mean lending?
Well lending by crowdfunding is definitely the solution here, especially with btc it becomes really easy!
I will not crowdfund somebody to buy a house. It is too risky for me. How do I reposses the house if the borrow does not pay?
Same way the banks do it. The company through which you went to lend will sue him.
The difference is that in a bank you deposit and they use your money and make you pay for that! In this system you decide if you invest or if you keep in your wallet!
Nope. all people will need bank.
how important it is when one large people such as George Soros pull all their money out of the bank, the currency of a country could be faltering you know
how important it is when one large people such as George Soros pull all their money out of the bank, the currency of a country could be faltering you know
Why? Why would people need banks???
With btc you can store your money safely so why would you need a bank?
You want to buy a house, but don't have $1 million? That's where the bank comes in.
You mean lending?
Well lending by crowdfunding is definitely the solution here, especially with btc it becomes really easy!
Whelp, nothing stopping you from crowdfunding a new house now. Try it & see how that goes for you.
When you fail, try to figure out why you did, & why thousands of people didn't line up to lend you a million dollars.
I didn't realize this was still a discussion. Perhaps in 2000 year it could. Bitcoin is growing, but very gradually.
I dont think that it can happen. Many people doesnt even know what Bitcoin is.
And people need some normal banks too. They dont know the online wallets.
Yes I agree with you. I think it wont happen. Maybe it is possible in the future in 2030 maybe but now not in this time.And people need some normal banks too. They dont know the online wallets.
Many people doesnt even how Blockchain works or something. They must learn that. So it wont be possible now.
-snip-
Of course but if you need money you don't make a loan to bank money. Actually the loan of the bank is the money of somebody else so maybe we should loan to people directly it would be better than having a bank making fees for everyone and controlling the world
You got a point. In real life also making banking person-to-person like bitcoin's core concept of peer-to-peer, will solve any need of banking system. When a community can help financially themselves then there is no need of banks.Of course but if you need money you don't make a loan to bank money. Actually the loan of the bank is the money of somebody else so maybe we should loan to people directly it would be better than having a bank making fees for everyone and controlling the world
Bitcoin can make banks disappear ONLY if libertarian or other small-government politicians become mainstream. All other politicians will never allow BTC to replace banks.
EDIT: I should have said that there will always be a need for traditional banks. Pro big-govt politicians won't allow BTC to successfully compete with banks.
Nope. all people will need bank.
how important it is when one large people such as George Soros pull all their money out of the bank, the currency of a country could be faltering you know
how important it is when one large people such as George Soros pull all their money out of the bank, the currency of a country could be faltering you know
Why? Why would people need banks???
With btc you can store your money safely so why would you need a bank?
You want to buy a house, but don't have $1 million? That's where the bank comes in.
You mean lending?
Well lending by crowdfunding is definitely the solution here, especially with btc it becomes really easy!
I will not crowdfund somebody to buy a house. It is too risky for me. How do I reposses the house if the borrow does not pay?
-snip-
Of course but if you need money you don't make a loan to bank money. Actually the loan of the bank is the money of somebody else so maybe we should loan to people directly it would be better than having a bank making fees for everyone and controlling the world
You got a point. In real life also making banking person-to-person like bitcoin's core concept of peer-to-peer, will solve any need of banking system. When a community can help financially themselves then there is no need of banks. Of course but if you need money you don't make a loan to bank money. Actually the loan of the bank is the money of somebody else so maybe we should loan to people directly it would be better than having a bank making fees for everyone and controlling the world
I don't think so. Bit coin never do thatn
But I strongly believe bitcoin will take banking facility to all the people even in the under developed countries who do not aware of what is a banking system even in 21st century. This is enough to make banks get disappeared. Jump to: