Topic: Can Bitcoin make Banks disappear? - page 49. (Read 427614 times)

This depends on people like you and me using them or using another way getting our things settled.
Come on guys. Let's try at least!!!

Banks will always be around.

I can only see this possible if banks will fail to adapt to the new system of online currency. In the future, there is a chance that the regular money that we use will no longer be relevant, by that time we will be using online currency, so banks need to accept that fact.

Bitcoin is a digital currency and it will bring advantages in the world. However,  Bank is already an institution that was here since the money was created.  Many businesses depends their big transactions over the banks and as mentioned before,  many people still trust the traditional banking system which is due to security.  It will be difficult to have bank disappear because of the good services they provide to us.

Bitcoin can not make banks disappear. Many people still use banks. Banks and ordinary money will never disappear, despite the fact that crypto currencies are becoming more and more popular. These are just different types of money.

The banks will not disappear because most of people in the world use bank credits and other investiment of it. Like mortgage, vehicle loans, home loans, consumer loan or commercial loan. Maybe one day we can receive all these loans as a bitcoin, but the btc its a currency, and not a bank, did you ever listen about dollar make banks disappear ?

It can`t happen. Banks were before bitcoin and before many other official currencies also, banks have already created name with their experience in hundreds years, and bitcoin only recently began make its way to the world level. People trusting banks, at any time you can go to the banks and find out if something happened. And if there is a problem with bitcoins, where you will go? Therefore, people always have choosing banks in first place, because it is more reliable and tested for hundreds years.

Indeed, only a centralized currency can replace the current currency we are using, bitcoin is not that powerful as it's decentralized and it cannot be controlled by the government. What made bitcoin a popular currency now is because of the blockchain and decentralization, what the government will do is they will improve their system and make their own blockchain but a centralized one.

I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.

I do not believe that bitcoin can make banks disappear. Because bitcoin can not replace traditional coins. The government will not let this happen. Bitcoin will develop along with many other currencies and the bank will accept bitcoin.

I don't think so, banks will remain as it is and that's only my opinion.

That only one who can answer that question is the one who can witness what will happen in the future.

#Thoughts
#MorePower

You never questionned where the money came from. If 20 million people add up 10€ it's 200 million. So why would I have to go to a bank to take a credit? It's just about organizing the people and the money for a business that is worth lending the money! ICOs are the best example for that. No banks involved, but money flowing. So you don't need banks for lending. The bank is just an intermediary, but with protocols that make it possible to interact even on a non-trust basis, everything is possible.

Watch this please: https://www.youtube.com/watch?v=Zc41H8oqPik

The bank will evolve or transform and maybe in the future, we could borrow money via a blockhain platform  held by the private company and also by the bank.
I would answer No, because a bank is also here to lend money to the Local businesses or for people like you and me to buy a house etc 
Don’t forget there are much more small and medium-sized enterprises than the wales. It is these small and medium-sized businesses are the lifeblood of the country.

Banking system is a tool to help the government have money through lending. Of course, they also have money from tax, but the fact, almost the rich countries always recommend the people deposit and keep money in bank or assets instead of holding it at home.

I think other banks innovate their system like adding bitcoin in their system

I agree with you. Government is one of the organization that will question bitcoin for making the banks disappear because if they will allow banks to disappear then it will be a huge problem for them since almost all the business are flowing in the banks because banks is the very first place to put money because of their security so it is very impossible for bitcoin to make banks disappear.

I don't think it will happen because banks have an important role in every country and I don't think the government will allow this to happen.

I think the bank will not disappear because I think everyone needs it to make their lives easier. Besides, it is not possible to make the bank disappear
Unless you are stronger than government in every country.

Banks will never disappear.
They are one of the essential things in capitalism.

Crypto Currencys are revolutionary, but not in how they are distributed, only in how they are able to be used.
The Bitcoin for example makes things easier as we have ever dreamed of 20 years ago, but it does not change the way our financial economy is running.

Banks will adapt BTC as soon as the price normalizes and the demand is higher due to more popularity.
One will open up a store in your local area giving you loans of BTC as more and more people are likely to get them Coins.
You can keep the BTC in your personal wallet, but what if i tell you, that i will give you 4% interest p.a. if you just put your BTC in my hands?
You can look at your actual balance anytime as i show it to you in your bank-account and you can use it as yours..but in the time you do not use it, i will lend it as a loan to others and keep showing you that your BTC are still there.  Thats how banks work and i see no reason why BTC would change this.
Now thats not profitable and too risky for existing banks..but it will be as bitcoin succeeds in growing.

It will not replace fiat money..but it will be treated like any other currency.

I do believe in Bitcoin and i would love to see it become more usable.
Like buying things from around the world without paying high fees.

disappear is a really rough word, but look at the crypto market cap! 255 billion dollars.
The bigger it get, the less the banks do. I guess we need to wait until a point we get to Trillions and we will see the reactions.