Making banks get disappeared is not simple. From the observation I understood the banks might increase their technological development, else banks which adapt bitcoin technology would come into existence.
They can do that, but they can never copy the decentralized nature of bitcoin, they will remain centralize as that is the only way where they can monitor their depositors and implement the different laws such as Anti Money Laundering law. With the popularity of bitcoin now, it's not strong enough to replace the bank, they are monitored and regulated by the government so they will stay here and I find no problem if they can co exist together.
Topic: Can Bitcoin make Banks disappear? - page 34. (Read 427614 times)
Definitely, Bitcoin can make the banks go bankrupt.
I live in Sweden and there is a lot of bank experts in the media saying Bitcoin is a bubble and it dangerous to invest as you can lose all money but in reality, they are just scared that their bank is going to go bankrupt.
I live in Sweden and there is a lot of bank experts in the media saying Bitcoin is a bubble and it dangerous to invest as you can lose all money but in reality, they are just scared that their bank is going to go bankrupt.
I agree, both can exist parallel. But decentralized currency will always be better for the consumer as our fiat currencies...
Are not. I think the banks will not easily disappear as it relates to the government. bitcoin can exist in parallel with banks. Banks can accept bitcoin. The number of bitcoins is limited so it is not all and can replace traditional coins and may cause the bank to disappear.
It can force banks to run out of business. That's why banks have started trying to partner with coin wallets now.
bank will not dissapear it is not simple to do. because we still need need it because not all of people will not use Bitcoin. because banks always have a service that bitcoin cannot do like loan and mortgage and some stuffs.
Making banks get disappeared is not simple. From the observation I understood the banks might increase their technological development, else banks which adapt bitcoin technology would come into existence.
They can do that, but they can never copy the decentralized nature of bitcoin, they will remain centralize as that is the only way where they can monitor their depositors and implement the different laws such as Anti Money Laundering law. With the popularity of bitcoin now, it's not strong enough to replace the bank, they are monitored and regulated by the government so they will stay here and I find no problem if they can co exist together.
I think Bitcoin is much more steady and looks a long trm crptycurrency for me personally above all alt coins. Ether however appears sranteeing and could adhere to bitcoin's route over time however i don't believe or see ETH would even complement or exceed bitcoin's worth and longetivity.eaoo gu
I suspect there'll be a use case for secure wallet storage; if i imagine my parents, relatives and even friends, they need to have a backed storage. I can imagine having a load of cold wallets stored in a vault, and then an online insured fund for the equivalent of current accounts.
Lightning hubs are banks too the more I think about it, or a co-operative perhaps.
Combine the two and I don't see banks going away, even if lightning doesn't materialise.
Lightning hubs are banks too the more I think about it, or a co-operative perhaps.
Combine the two and I don't see banks going away, even if lightning doesn't materialise.
Making banks get disappeared is not simple. From the observation I understood the banks might increase their technological development, else banks which adapt bitcoin technology would come into existence.
Bank is part of those people who has a regular jobs, they save their money in bank so it's impossible that the bank disappear because of bitcoin, maybe the users of bitcoin will increase but the bank will always stay.
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
No, Bitcoin will not able to defeat Banks and result to disappear. Bitcoin is not very popular in many countries and 5% of the whole population of the world are having quite knowledge about Bitcoin. I'm predicting that Bitcoin will make banks better. Banks will accept bitcoin and they this currency will be spread in countries. If this happens, Bitcoin will be popular. Bitcoin have no power to destroy banks. It will help the banks to be upgraded.
Till now the bank is not be able to control the bitcoin, as bitcoin works on decentralized network. But if cryptocurrency will continue and if no such platform will created from where someone can control the transactions then it may possible that banks can disappear in future.
I think some banks may disappear but not all of them. They may become small if people invest in cryptocurrencies as their funds is going to be diminished. Banks are afraid of the popularity of cryptocurrencies.
Bitcoin will make banks disappear when all the people believe on true consensus. It would take more time as banks are here for centuries. But true decentralization on money is a need for all human.
That's the problem, it cannot make all people adopt with bitcoin as not all of them needed to do online transaction. In the investment side also, there are only few who are willing to take the risk in investing.
Hi, I think bitcoin won't change banks.But, it can be new type of transaction on bank.
Cause,i've been read in Cryotocurrency newa. There was many governor of banks agree with cryptocurrency. Especially,bitcoin.
Keep playin hard on your bitcoin. 😊☺
Bitcoin will make banks disappear when all the people believe on true consensus. It would take more time as banks are here for centuries. But true decentralization on money is a need for all human.
I think not may be the bank will accept bitcoin.
It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
"TheStreet: How do you think FinTech will impact the way banks operate?
Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html
What's your read on that?
bank will not dissapear. we still need need banks because not all of people will not use Bitcoin. because banks always have a service that bitcoin cannot do like loan and some stuffs.
Nope not really, Bitcoin can be an alternate currency but it can never be replace the traditional banking system where almost all people trust on it.
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