Topic: Can Bitcoin make Banks disappear? - page 51. (Read 427614 times)
nope, bitcoin and cryptos are evolution of our current monetary system but i believe that banks will still play an important role for the economy in the future and they will get together with digital currencies.
No, Bitcoin can't make banks disappear because banks will long last and it can help to save their money for our future. Banks will make a change in their business, but they won't go because there are many people are earning in banks. Bitcoin has a very big help in our life.
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
correct mate banks will be banks and they would let they're business disappear,as what an old man saying is IF YOU CAN HIT THEM JOIN THEM.so if crypto dominantly take all the transaction and storage banking system has no choice but to adapt the settings of crypto and make a great deal on it.so they wont be vanished and continue business together 
for me as of now this kind of scenario is not yet possible to happen.
since most of the users today treats bitcoin as an investment or an asset.
and not as a money, therefore we can say that banks weren't affected that much yet because of the emergence of bitcoin.
i believe that before bitcoin can be a threat to banks, users must first be able to use it as they use money.
but as long as this isn't happening then bank will not be gone because of bitcoin.
since most of the users today treats bitcoin as an investment or an asset.
and not as a money, therefore we can say that banks weren't affected that much yet because of the emergence of bitcoin.
i believe that before bitcoin can be a threat to banks, users must first be able to use it as they use money.
but as long as this isn't happening then bank will not be gone because of bitcoin.
Bitcoin can not make the bank disappear. Although bitcoin has many benefits and many people use it but Bitcoin deals are free, the government can not profit from bitcoin. so bitcoin is forbidden.
Yes, but not soon. Most people 40+ trust only banks.
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?
Both have their own roles to play in the future.
I don't think bitcoin will make banks disappear because bitcoin has it own issues and limitations.
Bitcoin and banks both have their limitations and advantages, people are the ones to choose best for themselves.
Bitcoin may have those banks disappear in the future but no one can tell if that will really happen. Bitcoin's purpose is to become a worldwide currency but no one knows if when will it happen.
No, I highly doubt it. 
Bitcoin is a system that aims to facilitate transactions without the need for a bank.
People tend to overlook the fact that anywhere where one transacts value in different forms inevitably forms an economy. There shall be tools and factors that influence this economy to cultivate it.
Banks are just one of the factors that influence economy. Banks run within a different kind of economy. Banks are designed to safeguard people’s money, lend the same money to people that need them to collect interest and eventually have the money rotated within to generate maximum value per rotation.
Bitcoin’s economic model differs from that of a bank.
Cryptocurrencies (bitcoin) might solve a problem that banks do too, 
Bitcoin is a system that aims to facilitate transactions without the need for a bank.
People tend to overlook the fact that anywhere where one transacts value in different forms inevitably forms an economy. There shall be tools and factors that influence this economy to cultivate it.
Banks are just one of the factors that influence economy. Banks run within a different kind of economy. Banks are designed to safeguard people’s money, lend the same money to people that need them to collect interest and eventually have the money rotated within to generate maximum value per rotation.Bitcoin’s economic model differs from that of a bank.
Cryptocurrencies (bitcoin) might solve a problem that banks do too,
No, i don't think so, banks will never disappear , they are the main source of money in the world and the Bitcoin can easily disappear because after all it is just a cryptocurrency.
well considering that our world is ruled right now by the bankers , let s hope it is not the bank who will make bitcoin disappear lol
I think No, because banks are very important for a state or country but in future bitcoin can reduce the use of banks for local or normal people because of it special qualities as; easy transfer worldwide , very less transfer rate and high rate. In future bitcoin use will be more than banks in result the banks will contract bitcoin for trade.No matter what you think, banks will never disappear from the economy. They will stay right there. They have great economical authority behind them, they can't lose against bitcoin or any other digital asset.
The banks as in the current state of them might change drastically if Bitcoin ever becomes enough of a force to make the people in charge of them to rethink and restructure banking to accomodate themselves in such an event. Thing is, bitcoin still needs a bit of a push, the topic is being discussed more and more everyday, but it isn't influencial enough to for example make the news stations in every nation go nuts about it. As for making banks disappear entirely? Not a chance, unless we're going to live in postapo world where anarchy reigns supreme haha.
well considering that our world is ruled right now by the bankers , let s hope it is not the bank who will make bitcoin disappear lol
I think No, because banks are very important for a state or country but in future bitcoin can reduce the use of banks for local or normal people because of it special qualities as; easy transfer worldwide , very less transfer rate and high rate. In future bitcoin use will be more than banks in result the banks will contract bitcoin for trade. To my mind bank will not disappiar. I think bank will make colaboration with blockchain and become a part of this global system.
sure, in an ideal world this would happen, however, I'd never trust the banks nor the governments. They are planning for every contingency and bitcoin is now on their radar. Let's see if the blockchain can modernize banking. I mean in the states, they still use paper checks. Crazy!
Future bitcoins may outperform Banks,but not Banks.
To my mind bank will not disappiar. I think bank will make colaboration with blockchain and become a part of this global system.
sure, in an ideal world this would happen, however, I'd never trust the banks nor the governments. They are planning for every contingency and bitcoin is now on their radar. Let's see if the blockchain can modernize banking. I mean in the states, they still use paper checks. Crazy!
Banks and fiat are nearly the same, They cannot disappear easily because there are many people that are relying to them. Bitcoins is the mainstream as of today but it is not enough for banks to disappear just because it is famous to everyone.
Banks will definitely not let this. Bitcoin's main problem is the goverments.
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?
Banks are owned by business men, these people are smart people, they know how to act according to the situation, I think they will somehow end up making a way for them to not lose their businesses, Bitcoin has the capacity to turn banks into nothing, thats what I believe.
No.
There are more people using banks than bitcoin right now.
This won't change over night. Some people are used to what they are using right now.
They won't just adapt in a flash.
There are more people using banks than bitcoin right now.
This won't change over night. Some people are used to what they are using right now.
They won't just adapt in a flash.
Yeah lets say for me in my family they use banks I don't think they will just like to see bitcoin growing and bank disappearing.
I think the bank will just convert the money of the people to bitcoin, but they are to much people that they don't use bitcoin so yeah.
If you begin to see the world increasingly changing from the means of communication, transactions and other tools have begun to the modern world where people prefer to live with the various technologies and conveniences provided. I see bitcoin is the beginning of a very profitable modern transaction tool and already has a lot of interest if the bank did not immediately update the technology in terms of transactions then did not rule out banks will disappear because people will tend to choose the ease provided by technology.
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