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Topic: Can Bitcoin make Banks disappear? - page 324. (Read 427643 times)

full member
Activity: 126
Merit: 100
February 14, 2016, 08:31:59 AM
Curious aside:
Out of the last 4 posts, we have users advertising a gambling website, a (camwhoring?) porn website, and a bitcoin mixer (money-laundering website).
Some serious potential here Smiley
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
February 14, 2016, 08:19:06 AM
Bitcoin is definitely changing the world and banking industry too. Banks are powerfull and they using technology for great profit. Bitcoin will not make banks disappear, they are so dominating.

I agree. I believe that bitcoin is a great technology in our time, and it also is on a good path to success. bitcoin can even become adopted all around the globe some day. but this does not mean that banks will go out of the picture simply because bitcoin has became big.
besides some banks have also been working on their own blockchain, so who knows what the future will hold. they can adapt to the new situation in order to stay in the game.
legendary
Activity: 924
Merit: 1002
February 14, 2016, 08:03:29 AM
Bitcoin is definitely changing the world and banking industry too. Banks are powerfull and they using technology for great profit. Bitcoin will not make banks disappear, they are so dominating.
full member
Activity: 172
Merit: 100
February 14, 2016, 07:56:06 AM
Bitcoin will never reach world domination. Hopefully it will be widely accepted, but I can't imagine any countries using bitcoin as their official currency. Just because they can not control it. Bank will be needed, however I do think banks will adopt much of the technology.
sr. member
Activity: 378
Merit: 250
February 14, 2016, 07:50:25 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.

Exactly. Fiat and Bitcoin play different roles in different places. That's why both will remain. Just like banks.
member
Activity: 110
Merit: 10
February 14, 2016, 07:29:36 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
Activity: 126
Merit: 100
February 14, 2016, 06:59:46 AM
For me no because bank still safe than bitcoin because bitcoin has a possible to hack and bitcoin value is not stable so its impossible that the banks will be disappear because of bitcoin... do you think guys if you forgot the password or you accidentally deleted your password in your laptop you can recover your account for me no so banks and atm's is always safe than bitcoin..

People lose more money every year stored in their bank accounts and atms as compared to Bitcoins ...

Similarly, people lose more money in Bitcoin than they do in Shitcoin.
Why?
Well, for the same reason: because not too many people *use* Shitcoin. Duh.
sr. member
Activity: 462
Merit: 250
February 14, 2016, 05:45:11 AM
Sadly no...

Banks have corrupted this world too far. Even some bitcoiners are here wondering if a bank for btc exist... You can't fight them cause everyone thinks they're important, though they're the most useless parasite ever...
legendary
Activity: 3080
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February 14, 2016, 05:25:49 AM
For me no because bank still safe than bitcoin because bitcoin has a possible to hack and bitcoin value is not stable so its impossible that the banks will be disappear because of bitcoin... do you think guys if you forgot the password or you accidentally deleted your password in your laptop you can recover your account for me no so banks and atm's is always safe than bitcoin..

People lose more money every year stored in their bank accounts and atms as compared to Bitcoins, the only bitcoins that get stolen are because of either carelessness in handing private keys or investing in scams.

If we save the money in the "bitcoin banks", will that have the similar effect of being stolen like the fiat?
hero member
Activity: 812
Merit: 1000
February 14, 2016, 04:57:49 AM
For me no because bank still safe than bitcoin because bitcoin has a possible to hack and bitcoin value is not stable so its impossible that the banks will be disappear because of bitcoin... do you think guys if you forgot the password or you accidentally deleted your password in your laptop you can recover your account for me no so banks and atm's is always safe than bitcoin..

People lose more money every year stored in their bank accounts and atms as compared to Bitcoins, the only bitcoins that get stolen are because of either carelessness in handing private keys or investing in scams.
full member
Activity: 195
Merit: 104
February 14, 2016, 04:52:46 AM
The ideal position is that we can have institutioins like bank we can save and borrow. That is regulated and safe.
hero member
Activity: 924
Merit: 1001
February 14, 2016, 04:45:15 AM
For me no because bank still safe than bitcoin because bitcoin has a possible to hack and bitcoin value is not stable so its impossible that the banks will be disappear because of bitcoin... do you think guys if you forgot the password or you accidentally deleted your password in your laptop you can recover your account for me no so banks and atm's is always safe than bitcoin..
member
Activity: 189
Merit: 30
February 14, 2016, 04:39:38 AM
Depends if bitcoin owns an invisibility cloak or not.

Probably not.
legendary
Activity: 1512
Merit: 1012
February 13, 2016, 03:03:56 PM
Banks are not needed when you can sell and buy bitcoins with exchange of goods.
People are very blocked on this thing ... when i read this thread.

If tomorrow, Currencies (and Banks) shutdown ATM and wires services ... what is the ONLY service that it can replace this ?

Bitcoin.

People don't understand the real power of the Bitcoin network ... cut the banks, refuse devaluate and inflationist currencies.

People earn too much, actually, to use Bitcoin at is real value and utility.
Keep saving.
Keep cash.
Isolate from the actual mess of DARK economies (politics and war).
full member
Activity: 126
Merit: 100
February 13, 2016, 02:50:04 PM
We may have a bank accepting bitcoins in future but it would not mean our current banks to disappear.
Many banks have been working for years and Citibank has completed over 200 years in existence. So, I believe both bitcoins and banks are needed for a healthy economy.
Yes.
Let us imagine banks go disappeared, now most of the people are unable to earn interest on their savings, it would be the worse scenario and a case where we would need to invest in ponzis to earn interest and we would lose our money then which I never want.
I too believe both are needed for some simple reasons.

People seem to forget that there's more to banks than ATMs.
If you need to finance a car, a house, or a business, that's what banks do. Sure, there's also the lending section of this forum, but that's not banking, that's fraud and usury.

The goof beneath me, VVV for instance. I'll just live in a cardboard box & ride my tricicle until I can afford to buy a car & house & pay them in full.
full member
Activity: 896
Merit: 115
February 13, 2016, 02:48:59 PM
it is hard to believe that a big system like banking system can disappear but on the other hand bitcoin was created to do this job and it has been growing ever since.

That's true, banks are the most trusted institution by the people and existence of bitcoin cannot change the mindset of the people as they would continue to have faith in traditional banking system.
legendary
Activity: 1554
Merit: 1054
February 13, 2016, 02:44:06 PM
We may have a bank accepting bitcoins in future but it would not mean our current banks to disappear.
Many banks have been working for years and Citibank has completed over 200 years in existence. So, I believe both bitcoins and banks are needed for a healthy economy.
Yes.
Let us imagine banks go disappeared, now most of the people are unable to earn interest on their savings, it would be the worse scenario and a case where we would need to invest in ponzis to earn interest and we would lose our money then which I never want.
I too believe both are needed for some simple reasons.
legendary
Activity: 3024
Merit: 1132
Leading Crypto Sports Betting & Casino Platform
February 13, 2016, 02:33:53 PM
We may have a bank accepting bitcoins in future but it would not mean our current banks to disappear.
Many banks have been working for years and Citibank has completed over 200 years in existence. So, I believe both bitcoins and banks are needed for a healthy economy.
hero member
Activity: 1456
Merit: 579
HODLing is an art, not just a word...
February 13, 2016, 01:32:16 PM
it is hard to believe that a big system like banking system can disappear but on the other hand bitcoin was created to do this job and it has been growing ever since.
full member
Activity: 210
Merit: 100
February 13, 2016, 01:16:17 PM
No, Never, I mean  impossible that it could happen in near future, as banks have support from government and bitcoin lacks that support, so banks would be more powerful in future.
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