Can Bitcoin make Banks disappear? - page 334.

Kevin77

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Quote from: ricardobs on January 23, 2016, 09:59:04 AM

The people would not leave banks with the establishing of bitcoins, as the bank do not only for saving or investment of public fiats. Nowadays the banks have a major role in state finance also. All the state finances are controlled and regulated in state banks.

Yes Banks cannot disappear just because of bitcoin, though bitcoin can become a competitor to the banks. But, I don’t think all the challenges can make banks disappear. Even if other payment process disappears, banks cannot disappear, but banks may decide to adopt bitcoin.

ricardobs

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The people would not leave banks with the establishing of bitcoins, as the bank do not only for saving or investment of public fiats. Nowadays the banks have a major role in state finance also. All the state finances are controlled and regulated in state banks.

knowhow

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Bitcoin has a long jouney ahead to became avaible and legal over the world,and we all know countries will ask a fee even being small they will ask otherwise no interest into adopting bitcoin to their countries.Banks may fail has happened in the past but there isnt any other organization that can today give you interest and lend money ,btcjam and others ,usually scam the most.

stromma44

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Quote from: davinchi on January 21, 2016, 02:56:49 AM

Quote from: ronaldo40 on January 20, 2016, 09:51:47 AM

banks are unlikely to disappear, but if bitcoin getting better, maybe the banks will adopt bitcoin.

It would be great if the banks adopt bitcoins. We all know that it will not happen soon because banks are still analyzing blockchain technology. Yes, banks cannot be disappearing immediately but it they adopt bitcoins both of them are in profit, as bitcoins are increasing at high rate then it is a win-win situations for both of them.

In future there are chances that banks may adopt bitcoins. Now too there are banks that use bitcoin for there shares in the market indirectly as it is decentralized. In coming days they will provide it in the direct method of business in the banking sectors which will be much beneficial for bitcoin users and can increase their revenue.

davinchi

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Quote from: ronaldo40 on January 20, 2016, 09:51:47 AM

banks are unlikely to disappear, but if bitcoin getting better, maybe the banks will adopt bitcoin.

It would be great if the banks adopt bitcoins. We all know that it will not happen soon because banks are still analyzing blockchain technology. Yes, banks cannot be disappearing immediately but it they adopt bitcoins both of them are in profit, as bitcoins are increasing at high rate then it is a win-win situations for both of them.

nerFohanzo

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Quote from: Astargath on January 20, 2016, 12:41:36 PM

Quote from: stadus on January 20, 2016, 11:17:41 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.

Not now, not yet. An average person won't need or want to use bitcoin. They will see the volatility of the price and that not many services use bitcoin and they will think, hmm why would I use bitcoins? And they are right, there is not much benefit in using bitcoins right now unless you are trading or believe in satoshi nakamoto.

Yeah that's correct people will always have more faith in the banking system rather then investing into bitcoins, as for average person bitcoin is totally a new technology and he would rather invest his money into banks as he is earning fixed returns in the form of interest, and he will have fear to loose his money by investing into bitcoins.

jt byte

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I wish that banks was gone, but we need it. I don't really like that they can control what I have purchase of see it.
That is why I choose for bitcoin, but still is nice.

Bank won't never disappear they will just upgrade to do better or something else.

Astargath

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Quote from: stadus on January 20, 2016, 11:17:41 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.

Not now, not yet. An average person won't need or want to use bitcoin. They will see the volatility of the price and that not many services use bitcoin and they will think, hmm why would I use bitcoins? And they are right, there is not much benefit in using bitcoins right now unless you are trading or believe in satoshi nakamoto.

stadus

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Hhampuz for Campaign management

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.

Newcoins2020

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Quote from: Amph on January 20, 2016, 10:56:43 AM

Quote from: ronaldo40 on January 20, 2016, 09:51:47 AM

banks are unlikely to disappear, but if bitcoin getting better, maybe the banks will adopt bitcoin.

more like bitcoin will suck the bank, if none use bank anymore, you will get the same situation, as now, where banks are niche market and bitcoin is commanding the world

I doubt that people won't use bank anymore for this daily life bank is important for people to pay the taxes or other thinks.
I think that bank won't just disappear even the banks suck. The fiat money or gold need to disappear, before the bank will disappear.

luckyboys

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no, bitcoin cant make banks disappear.

Amph

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Quote from: ronaldo40 on January 20, 2016, 09:51:47 AM

banks are unlikely to disappear, but if bitcoin getting better, maybe the banks will adopt bitcoin.

more like bitcoin will suck the bank, if none use bank anymore, you will get the same situation, as now, where banks are niche market and bitcoin is commanding the world

Altynbekova

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Quote from: ronaldo40 on January 20, 2016, 09:51:47 AM

banks are unlikely to disappear, but if bitcoin getting better, maybe the banks will adopt bitcoin.

That is for sure that will happen also Dollar or Euro or other curerncy won't just disapear.
I bet that people won't just give there bitcoin to the bank.
That is the point of bitcoin that you can control your own money and not the bank or the goverment.

ronaldo40

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banks are unlikely to disappear, but if bitcoin getting better, maybe the banks will adopt bitcoin.

CoinsRoyal

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They are so much bank in the world I think they won't just disappear they will make there technology to bitcoin and they are still other currency so yeah. If banks doesn't people will just rage about it.

bearex

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What i think is, that Bitcoin will be used for online payments. But we will probably still use credit cards and cash when paying outside of the internet. So they will not dissappear.

MaritiJames3

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Quote from: prodigy8 on January 19, 2016, 03:25:28 PM

Bitcoin has a good potential power in its field,

But not so much like disappearing completely the Banks.

Banks has its own role in the community and will be always with us.

Besides that, millions and millions of people are still depending on banks. Even though mass adaption would do a lot to bitcoin, not nearly enough people will adapt to bitcoin.

Simply because most people like to have things in order and are used to what they use on a daily basis.

watashi-kokoto

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Quote from: prodigy8 on January 19, 2016, 03:25:28 PM

Banks has its own role in the community and will be always with us.

Most banks eventually crash. Like all man-made enterprises.

prodigy8

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Bitcoin has a good potential power in its field,

But not so much like disappearing completely the Banks.

Banks has its own role in the community and will be always with us.

whizz94

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I don't think that we want to take over the debt, the equity, the bonds, the sub-prime, the junk bonds, the compliance excuses for all of those ... there are plenty of those things for banks to do after the truly productive trade amongst themselves in bitcoin. I don't see why an oil production business should settle for $30 a barrel, nor why a factory in China should pay a component factory in Malaysia in $ for moulded polyethylene components. If their finished products can sometimes be traded for BTC then I'm more likely to be able to buy them.

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