Topic: Can Bitcoin make Banks disappear? - page 37. (Read 427614 times)
Banks will stay here but I guess that bitcoin will reduce its power to control the financial services to the point that no one will consider using or ever need a bank.
no.i think it will not totally disappear. bank owner can do a lot of strategies, they can also use bitcoin for banking and if its disappear, it will cause a big trouble in every people.
Banks have different roles with bitcoin, as reliable storage for public money, the making of money, and borrowing money in the real world and if the bank does not exist, there may be economic damage to all involved.
Not anytime soon. As of now, I would say we need the banks now more than ever as they have been here for a while and are not going to be overthrown by something thats only 7-8 years old. It is not fair. Let BTC be more established, then we can move the banks away from us.
The banks are certainly not going to disappear. There are many industries that need cash and do not need electronic money. But in the future, bitcoin is sure to take many of the banks' customers, and perhaps the future banks will turn more in the direction of financial consultation.
Bitcoin is a modern currency.It is used through internet.There is wallet system which is controlled by the user. In the wallet,the user or worker store his bitcoin. The owner of bitcoin controls his own bitcoin.
So,we can say that a user has his own bank which is controlled by his own.It helps us to get rid of the banks and other authorities.As a result,we can guess that bitcoin can make banks disappear.
So,we can say that a user has his own bank which is controlled by his own.It helps us to get rid of the banks and other authorities.As a result,we can guess that bitcoin can make banks disappear.
banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box. they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.
There is no reason for banks to disappear, just like any other business. Just one thing to add, without banks, fiat cannot exist, because banks are the only ones who creating money out of nothing when lending money (thats fiat main function) - if anybody else create new money out of nothing, it is considered counterfeit instead - so fiat, as most love it, can not exist without banks.I do not think that. I think Bitcoin will make the bank more developed because the bank will soon catch up with the trend and launch the digital currency. I have heard that governments and central banks have been developing their own digital money. I believe it will soon be applied in the future.
I do not think that. On the contrary, I think Bitcoin will make the bank more developed because the bank will soon catch up with the trend and launch the digital currency. I have heard that governments and central banks have been developing their own digital money. I believe it will soon be applied in the future and become popular everywhere
Bitcoin bank does not know if it will be done. If there is such a arrangement, then Bitcoin's identity will be spread to everyone. But many people are ignorant about the Internet, so it is impossible to give them any idea about Bitcoin. Bitcoin bans in some countries, so Bitcoin It will be legalized then the bank system can be started.
BITCOIN was started because of the issues that banks caused in 2008/09 leading to so many people losing their homes, savings, etc..... I hope to hell it takes over banks...
I don't think so. Banks will always exist until people don't use cash anymore. But in the visible future, it is impossible to abandon cash thoroughly.
Cash is a currency mostly used by a lot of people, it can be used by a lot of people including the people with disabilities. In bitcoin it is the same, but not all of the people are technology savvies. There are a lot of people who don't even know the keyboard of a computer so I don't think bitcoin will be a fiat or cash soon, in terms of the bank, I think in time they will be able to adapt to it soon.
Banks are still profitable, however, they find a new way to be profitable in future too 
I think bitcoin will not replace bank.Banks and bitcoin is different so if both of them there is a growing no effect at all. Banks according to the course is a safe place to save money as well as bitcoin. On the banks we could not gamble but in bitcoin we can gamble, that's what makes them different.
As long as Fiat Currencies exist, banks will never disappear. Although it doesn't really require Cryptos to dominate for some banks to go bankrupt because of mismanagement. xD
I think the bank will not disappear because the bank has been in the use of many people so if the bank will disappear then people will be difficult to transact because everyone can not use bitcoin.hanya only certain people who can use bitcoin.
That's true, only few people can use bitcoin so bank will still be the most trusted firm where we can safety our money, they are centralizedbut they are are guided by the law so they will always gain the trust of the majority of the people.
Banks will never disappear because of bitcoin. They are multi billion dollars things and they have the power of capitalism, in china they have the support of communist government.
Crypto banks will dominate soon. Owners might be the same bank owners at the moment. They will adopt change as what we witness thru the ages. Some banks dissapear though.
I think the bank will not disappear because the bank has been in the use of many people so if the bank will disappear then people will be difficult to transact because everyone can not use bitcoin.hanya only certain people who can use bitcoin.
That's true, only few people can use bitcoin so bank will still be the most trusted firm where we can safety our money, they are centralizedbut they are are guided by the law so they will always gain the trust of the majority of the people.
Banks will never disappear because of bitcoin. They are multi billion dollars things and they have the power of capitalism, in china they have the support of communist government.
Its a big no! The effect of bitcoin to bank institution maybe worst but not an eradication of the bank industry. Bitcoin may lessen the number of bank institution but it is not the end of its journey.
I don't think banks will dispear, by the fact that not every body who banks knows about bitcoins
Bitcoin can make bank disappear individually but bank generally, bitcoin can't. We all know that bitcoin can convert into a real money. The users of bitcoin can put their money in a bank,so how can bitcoin make the bank disappear. Bank benefited from bitcoin. Bitcoin and bank need each other as people need it both.
I don't think Bitcoin can make banks disappear. Because when we say bitcoin you need to have internet connection and computer/gadget. But here in our country a lot of people do not have internet connections and computer and also only few knows about what is bitcoin and it's capacity. Fiat money is used by the majority to buy basic commodities. That is why, for now, I would say banks will stay.
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