Author

Topic: Can Bitcoin make Banks disappear? - page 331. (Read 427643 times)

legendary
Activity: 1162
Merit: 1000
January 31, 2016, 07:39:33 PM
it can not at least right now as it will need way more interest among the people, though in my opinion it actually can happen in the future what would be really cool
yes bitcoin need attractive promotions. bitcoin should provide the best, especially the service issues and integration with other payment method.
full member
Activity: 179
Merit: 250
January 31, 2016, 06:03:46 PM
i dont think that one day bitcoins will make banks disappear because people will not use bitcoin at such a big rate, though i hope that one day this will happen

Yeah there is no way this will happen or even could happen.
No matter how much we hate banks and their fees, they are here to stay.. don't forget that.

You need to watch the movie The Big Short and you will see exactly they are not  necessarily here to stay. The public is being educated what crooks they all are and they probably wont be bailed put next time. I dont know what it will look like, but its wont be the same.
sr. member
Activity: 406
Merit: 250
January 30, 2016, 02:43:39 PM
it can not at least right now as it will need way more interest among the people, though in my opinion it actually can happen in the future what would be really cool
hero member
Activity: 2996
Merit: 640
January 30, 2016, 02:00:18 PM
i doubt that it is possible right now to do that as people will most probably not go full no bitcoin as they are usually not interested on doing something new
Yes, definitely banks will not disappear because bitcoin has no physical significance if somehow you loose your wallet then all your money gone and more over all the people in this world need internet access to use bitcoin. It's currently impossible which gives chances to banks to survive.
hero member
Activity: 896
Merit: 1000
Live Stars - Adult Streaming Platform
January 29, 2016, 04:34:23 PM
i dont think that one day bitcoins will make banks disappear because people will not use bitcoin at such a big rate, though i hope that one day this will happen

Yeah there is no way this will happen or even could happen.
No matter how much we hate banks and their fees, they are here to stay.. don't forget that.
sr. member
Activity: 504
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
January 29, 2016, 03:40:04 PM
i dont think that one day bitcoins will make banks disappear because people will not use bitcoin at such a big rate, though i hope that one day this will happen
full member
Activity: 168
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
January 29, 2016, 03:32:22 PM
Its not possible to say that at this time that bitcoins market will make banks disappear. The bank leaders are the master player and have their own strategy about it to how it will work around the whole world. We bitcoins users have to get support from the bank through ATM of the local bank so to get our transaction from bitcoins.
sr. member
Activity: 406
Merit: 250
January 29, 2016, 02:58:44 PM
i doubt that it is possible right now to do that as people will most probably not go full no bitcoin as they are usually not interested on doing something new
hero member
Activity: 560
Merit: 500
January 29, 2016, 02:49:15 PM
Banks wont disappear but the business model will change.

Fractional banking will easily be replaced. And consumers will demand proof of liquidty. Organizations that have certain flexibility like Uphold that deal with multiple currencies and commodities will be the new banking model. I keep my money there over a bank any day. It just makes sense.
Banks are here to stay (unfortunately). People are so blinded by current economic system with banks as its pivot that are forgetting that in this system they are the slaves and a product - not a customers.
Banks will just evolve, they took blockchain tech, use it to power their own altcoins (Citi Coin is alredy in creation!) and instead bitcoin will be pushed away.


Well create their own coin may be a good investment to us ,lets say we will get a portion of the profit of the bank.Soo we would be holding a share from the bank but with crypto coin ,that we should be allowed to pay with bitcoin ,banks will offer new service and better as they will feel something  changing .
legendary
Activity: 1400
Merit: 1001
January 29, 2016, 02:45:41 PM
Banks wont disappear but the business model will change.

Fractional banking will easily be replaced. And consumers will demand proof of liquidty. Organizations that have certain flexibility like Uphold that deal with multiple currencies and commodities will be the new banking model. I keep my money there over a bank any day. It just makes sense.
Banks are here to stay (unfortunately). People are so blinded by current economic system with banks as its pivot that are forgetting that in this system they are the slaves and a product - not a customers.
Banks will just evolve, they took blockchain tech, use it to power their own altcoins (Citi Coin is alredy in creation!) and instead bitcoin will be pushed away.
full member
Activity: 179
Merit: 250
January 29, 2016, 02:16:26 PM
Banks wont disappear but the business model will change.

Fractional banking will easily be replaced. And consumers will demand proof of liquidty. Organizations that have certain flexibility like Uphold that deal with multiple currencies and commodities will be the new banking model. I keep my money there over a bank any day. It just makes sense.
full member
Activity: 230
Merit: 100
January 29, 2016, 10:43:35 AM
Bitcoin can make new banks stronger. If a bank integrates bitcoin in its payment system and provides bitcoin related service, this bank will be very popular.

Yes. I agree.

several cities in my country there has atm machines bitcoin. I agree with you Bitcoin can make new banks.
I want to know whether atm bitcoin has a system similar to a regular bank atm? In my area there is no such thing atm bitcoin.
Yes I suppose it could change some system

nearly as may be easier, but you should always be ready to take your phone to scan barcodes, since every transaction requires it.
or you can see here, but not in English https://www.youtube.com/watch?time_continue=60&v=QFD9DQtiivs
legendary
Activity: 1834
Merit: 1036
January 28, 2016, 08:11:43 PM
Bitcoin will not and cannot replace Bank's. Bank's have different purposes and functions (loans, investments, payroll functions on big companies and more) not only for depository purposes. Unlike Bitcoin, Bitcoin is just to purchase and Bitcoin wallets just to store Bitcoins.
hero member
Activity: 658
Merit: 500
January 28, 2016, 08:08:07 PM
I don't think so. Everyone need a bank for their cash money.
Some people doesn't even know what Bitcoin is.
So my conclusion is that Bitcoin cant make banks disapear.
true.
except bitcoin has been spread over the world and everyone knows and use bitcoin
many atm bitcoin available, so everyone can withdraw money anytime
I think it could make the bank unused
legendary
Activity: 1162
Merit: 1000
January 28, 2016, 07:57:16 PM
No, I don't think Bitcoin will make Banks disappear but it will create a separate space for itself Angry
yes real bank would never disappear. the bank has its own market share. bank finance is fundamental in today's world.
legendary
Activity: 1190
Merit: 1002
January 28, 2016, 07:46:39 PM
I dont think that Banks will disappear, Bank and Bitcoins are two separate things for daily routine life you need bank and for online transactions you can go with bitcoins, Bitcoins is just like gold at some point you have to go for fiat currency, untill Bitcoin is not accepted globally Banks will be their , even after that also it will be their but the functions and work will change.
Pab
legendary
Activity: 1862
Merit: 1012
January 28, 2016, 07:40:49 PM
Banks will not disappear,but thay need to transform otherwise people will not use them.Now banking industry  is still supported by govs but how long.Finally everything  is coming to his  end,change or die
member
Activity: 68
Merit: 10
January 28, 2016, 06:36:28 PM
No, I don't think Bitcoin will make Banks disappear but it will create a separate space for itself Angry
hero member
Activity: 560
Merit: 500
January 28, 2016, 11:41:59 AM
Banks has they monopolio and people are connected to them as anything else you need money where do you go?Now you can try to fund your loan online for a lower ammount but the risks involved into bitcoin lending are huge as hell soo this isnt ready for it yet but in the future it may be the option and banks will loose their main source of income the loans.
sr. member
Activity: 420
Merit: 250
January 27, 2016, 05:10:27 AM
I don't think so. Everyone need a bank for their cash money.
Some people doesn't even know what Bitcoin is.
So my conclusion is that Bitcoin cant make banks disapear.
Jump to: