Can Bitcoin make Banks disappear? - page 329.

mickiya

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Quote from: Bitcoinbro on February 05, 2016, 04:12:13 AM

I think that can not happen.

I myself think that Bitcoins are indeed bigger.

But it can not disappear banks. But we'll see later.

Banks will adopt bitcoin and provide service related to bitcoin if bitcoin becomes bigger. I trust banks more than Bitpay.

RariBest

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i think not but bitcoin can for sure work in parallel whit fiat

Bitcoinbro

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I think that can not happen.

I myself think that Bitcoins are indeed bigger.

But it can not disappear banks. But we'll see later.

randchingo

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I don't think so, Banks are still the base of the current economical system and people would still need USD ability to exchange bitcoin to it and use it in local transactions.

wikenpp

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I think that that could happen. But everyone does need banks.
Because many people also want to save their cash because they know Bitcoin disagree.

blackmachinegun

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Quote from: mickiya on February 03, 2016, 04:36:17 AM

Quote from: TastyChillySauce00 on February 02, 2016, 05:57:43 AM

Can Bitcoin make Banks disappear?
this is near to impossible bruh when bitcoin adopter still use bank service to withdraw their btc to their own currency

The banks will also adopt bitcoin and provide service based on the bitcoin. Banks will always make profit.

i think no, bank already assume that bitcoin is their competitors, impossible bank will hold their bitocin as a partner, it will make the bank increasingly pressured

hendra147

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i think in future bank can adopt bitcoin, but bitcoin still make bank dissapear
because bitcoin give acces like you have own a bank

hasiramasenju

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nope bitcoin cannot make banks disappear because The banks is legal and acclaimed by government as the depository institution of money but bitcoin is not and we already know even in some countries bitcoin is illegal

Imoote

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Quote from: LinaMay on February 03, 2016, 05:28:30 PM

Not exactly. We're going to need several different ways of Bitcoin hitting an end in terms of being none as its own currency. Right now, it just seems like an investment, and not really a currency.

Yes, and in fact the people who are still bitcoin exchange it at the bank, and I still do it.
Maybe it's proof that bitcoin and banks still need each other.

LinaMay

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Not exactly. We're going to need several different ways of Bitcoin hitting an end in terms of being none as its own currency. Right now, it just seems like an investment, and not really a currency.

jchst

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i do not think btc can destroy the current economical system, that would need much more in my opinion.

mickiya

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Quote from: TastyChillySauce00 on February 02, 2016, 05:57:43 AM

Can Bitcoin make Banks disappear?
this is near to impossible bruh when bitcoin adopter still use bank service to withdraw their btc to their own currency

The banks will also adopt bitcoin and provide service based on the bitcoin. Banks will always make profit.

Newcoins2020

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I think that's going to happen later but that will not happen now I guess.
You never know what will happen. It could also be that Bitcoin no longer even exist later.

Predicting the future is very difficult. I think most surely prefer a bank.

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Quote from: TastyChillySauce00 on February 02, 2016, 05:57:43 AM

Can Bitcoin make Banks disappear?
this is near to impossible bruh when bitcoin adopter still use bank service to withdraw their btc to their own currency

Well said the bitcoin may bring some changes in the banking sector but it won't make banks disappear. Even eventhough we trust bitcoin but finally we are into banking to withdraw dollars.
Soon the transaction through banks might get reduced when lot of users get involved into bitcoin.

Imoote

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Quote from: shiryu on February 02, 2016, 12:34:46 PM

No i dont think so, bank will not disappear because who people using bitcoin still withdraw their bitcoin to their bank account.

Yes, you have a point, that the actual bitcoin and bank mutual benefit of each other.
But perhaps bitcoin can be rivals from other banks.

shiryu

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No i dont think so, bank will not disappear because who people using bitcoin still withdraw their bitcoin to their bank account.

prtty2gal2

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Quote from: Altynbekova on February 02, 2016, 10:06:18 AM

I think that can not happen. Is is very important to the people.

Every man must of course have cash in case of emergency. And cash is also a property of someone.

Many people do not even know Bitcoin and do not even know what it does.

No I don't think so. Banks will be get replaced by bitcoin ecosystem. Because, bitcoin provides the banking facility to all the people regardless of their financial situations. But, banks provide only based on our finance status.

Altynbekova

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I think that can not happen. Is is very important to the people.

Every man must of course have cash in case of emergency. And cash is also a property of someone.

Many people do not even know Bitcoin and do not even know what it does.

Astargath

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Quote from: protzein on February 01, 2016, 08:45:17 PM

If you say just one or some banks maybe yes. but if you say entirely bank in the world would disappear because of btc I think it is not possible
some country even forbide the circulation of btc. how can bitcoin affect the bank in that country

Well only like 2 countries have forbidden bitcoin entirely so obviously so far most banks/countries do not care about bitcoin, it is possible in the future like 100 years but obviously not now. If everyone starts using cryptocurrencies then yes banks will eventualy disappear because we wouldn't need them.

equilibriator

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I don't think that will happen anytime soon, fiat and banks are a must in the current economical system

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