Topic: Can Bitcoin make Banks disappear? - page 47. (Read 427614 times)
Bitcoins have many benefits and more and more people use it. It's price is also high. Many people think bitcoin will make the bank disappear, but I do not think so. Many governments have known the benefits of bitcoin to users but all it's transactions are due to the internet and the government can not control the bitcoin so the government can not apply the bitcoin tax. Not so, bitcoin affects the interests of banks. So, many governments have banned bitcoin.
I can't seem to find my previous reply in this thread but just to update or modify, bitcoin can't make banks disappear. What bitcoin can do is change the way bankers see bitcoin and prepare for adoption. Here in my country, one local commercial bank has already expressed on national television that it is gearing up for digital banking and is embracing cryptocurrency into their fold. So it won't be long until other banks follow suit.
I think banks will not disappear. Instead, they'll accept bitcoins instead of fiat currency with some regulations like in fiat.
Bitcoin can not replace banks and make banks disappear. Banks have many roles that bitcoin can not take their place, such as lending. Hope bitcoin can bring some challenge and opportunities to bank for innovation and improvement.
Bitcoin can't make Banks dissapear. They are different. Banks have many roles in the economy. Bitcoin can solve all problems.
Banks will not dissappear. We will still need banks as not everyone will use Bitcoin. We are already seeing banks for Bitcoin.who will cause the demise and re-structuring of banking. Bitcoin will just be one of the emerging solutions/replacements.
There would a possibility that bitcoin can make banks disappear if banks will also use bitcoin as a digital currency.
As long as there are many users of fiat currency banks will remain.
As long as there are many users of fiat currency banks will remain.
I think the bank will never disappear. They will add more and more pleasure to satisfy as much as possible the interests of people and themselves as it may happen. So can change the name in the future or the other, but still its function - make money for the wishes of others
The population is growing and we want different options so bank will stay, they are the most powerful in the finance industryso why would we think they will be replace with bitcoin. That is not gonna happen even with the performance of bitcoin now because the users of the
banking industry are so big as they trust the centralization.
If bitcoin transactions continue to increase and larger than the bank then it will be a threat to the bank and could make the bank disappear. but for the near future it seems difficult to achieve, it took at least 10 years to make the bank disappear.
Yeah, maybe it'll happen soon. Cause the number of country that legalize Bitcoin is increasing and when a government legalize Bitcoin in their country that mean there will be a lot of troubles that Banks will have to front cause it's really hard for any Bank to make a decision that accept Bitcoin in their Bank or not cause if they accept it they will have to have enough ability to control it but as I know to totally control is not easy that why Bitcoin is not legalized worldwide. Beside, IMO Bitcoin owner will not send their Bitcoin to bank cause there are a lot of ways for them to keep their Bitcoin safe without banking and they also prefer use their Bitcoin to invest in trading or something else like that to send it to bank to receive monthly interest.We can't tell. Of course as we can see nowadays we are living a world where banks are accepted. Sooner maybe bitcoin can make some increase in banks. However people are much more dependent on the banks because we think that it is safer to invest them and ut is acceptable in our economy.
We can tell that banks never be diminished because of bitcoin. Because the owners and share holders of those huge banks are the people ruling the world and they never let something weird happen.
I think the bank will never disappear. They will add more and more pleasure to satisfy as much as possible the interests of people and themselves as it may happen. So can change the name in the future or the other, but still its function - make money for the wishes of others
No I do not think the bitcoin can let banks disappear the banks are already too big to get destroyed by it.
The bitcoin is also still depending on banks, fiat...
The bitcoin is also still depending on banks, fiat...
If bitcoin transactions continue to increase and larger than the bank then it will be a threat to the bank and could make the bank disappear. but for the near future it seems difficult to achieve, it took at least 10 years to make the bank disappear.
Yeah, maybe it'll happen soon. Cause the number of country that legalize Bitcoin is increasing and when a government legalize Bitcoin in their country that mean there will be a lot of troubles that Banks will have to front cause it's really hard for any Bank to make a decision that accept Bitcoin in their Bank or not cause if they accept it they will have to have enough ability to control it but as I know to totally control is not easy that why Bitcoin is not legalized worldwide. Beside, IMO Bitcoin owner will not send their Bitcoin to bank cause there are a lot of ways for them to keep their Bitcoin safe without banking and they also prefer use their Bitcoin to invest in trading or something else like that to send it to bank to receive monthly interest.We can't tell. Of course as we can see nowadays we are living a world where banks are accepted. Sooner maybe bitcoin can make some increase in banks. However people are much more dependent on the banks because we think that it is safer to invest them and ut is acceptable in our economy.
the bank may disappear in the future. But now Bitcoin can not replace the bank, it is still a safe place for your economy. and banks are accepted and protected
can not. Transactions can not be changed. The bank is still a safe place for your money. and the bank is managed by the state, when you encounter a trouble. the bank can help you. Bitcoin is not.
Yes, bitcoin is actually designed to replace the current banking system which in the process makes banks disappear. The competition right now is it negligeable in favor of the banks since only a small portion of the population uses bitcoin, but if we can look into the whole structure of cryptocurrency, we are starting to see that the banks are now scared, this is why they are lobbying the government to ban or restrict the use of cryptocurrencies in their country.
If that would happen I hope this will be for the benefit of the majority, banking industry is just so big that is hard to replace because they are created by the government and they have been part of our life for a long period of time, I mean they have already created reputation why people trusted them to entrust their hard earned money.
Yes, bitcoin is actually designed to replace the current banking system which in the process makes banks disappear. The competition right now is it negligeable in favor of the banks since only a small portion of the population uses bitcoin, but if we can look into the whole structure of cryptocurrency, we are starting to see that the banks are now scared, this is why they are lobbying the government to ban or restrict the use of cryptocurrencies in their country.
10 years, crypto currencies are accepted and actually used to buy and sell goods, and banks may start to be even less current. Anything's possible!
The big rival or threat of commercial banks is cryptocurrency, especially bitcoins. From the performace of company and management of bitcoin it brings them to the number one spot in this field. The good principle in decision making, strategy management, well detail plans and wise financing helps them to become more productive and efficient. From this they receive lots of awards and achievement which bring a threat to the bank that they can be beaten by bitcoin in future.
Bitcoin is just an alternative to fiat money in our online transaction and investment. We should not compare it to banks as it is just an alternative to people in their online and maybe some offline transactions. However, there will always be the majority who will still use banks in their brick and mortar transactions.
Banks are the way to make money! They will then give out loans in BTC!
no. get informed.
Banks are the way to make money! They will then give out loans in BTC!
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