Can Bitcoin make Banks disappear? - page 58.

tientien1

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not not

Banks never lose, there is no substitute
If it is replaced then it is also a type of bank variant. In short, it is also a monetary translation
Maybe virtual currency will replace real money in the future, because we can buy everything through pisa card
Roll Eyes

Clarkduco

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Banks not disappear as bicoin continues to be popular from time to time. Only, banks that can't innovate to reach their customers will be left out. Bitcoin is too strong. Central banks will inevitably anticipate this.

AlexeyVoranov

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Quote from: katiecbell on November 10, 2017, 05:05:14 AM

Quote from: GOODNESS on November 04, 2017, 04:09:13 AM

Bitcoin can not make banks to disappear, it will only make the banks to diversify. The banking sector have been in existence for many years now, their operations are not only approved by the Government but also approved by the members of the body. The banks have a regulating body called the central banks, so the banks have already gotten a solid foundation so talking of disappearing as a result of an Emerging Bitcoin which though is gaining ground in many counties of the world, but yet to be accepted in some countries,even when accepted by all the countries, bank may key into the Bitcoin Business as well.

Yes both have their own importance. You cannot compare two neither can deny one’s importance. Both are good in their own way, still many people prefer banks because they feel more safe on that side and some are getting into crypto so to earn more. Anyhow bitcoin cannot make banks disappear but can give a tough competition to it.

I dont really think that bitcoin will make banks disappear i think that bitcoin will like maybe build their own bank in the future or just stay as online currency. I think that banks will get jealous eventually and try to gain some money from bitcoin.

dianepot

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i dont think so ..
Bitcoin is a system that aims to facilitate transactions without the need for a bank.

FrankGismo

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Maybe in the future where the most people in the world believe and invest in bitcoin it could make banks disappear but there would still be people who protest against it like feminists those people will always be here around.

Trela

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Quote from: katiecbell on November 10, 2017, 05:05:14 AM

Quote from: GOODNESS on November 04, 2017, 04:09:13 AM

Bitcoin can not make banks to disappear, it will only make the banks to diversify. The banking sector have been in existence for many years now, their operations are not only approved by the Government but also approved by the members of the body. The banks have a regulating body called the central banks, so the banks have already gotten a solid foundation so talking of disappearing as a result of an Emerging Bitcoin which though is gaining ground in many counties of the world, but yet to be accepted in some countries,even when accepted by all the countries, bank may key into the Bitcoin Business as well.

Yes both have their own importance. You cannot compare two neither can deny one’s importance. Both are good in their own way, still many people prefer banks because they feel more safe on that side and some are getting into crypto so to earn more. Anyhow bitcoin cannot make banks disappear but can give a tough competition to it.

That is right, the government are fearing the cryptocurrency world can compete the FIAT system of them in future. Over the years, the banking system proves its system still has risk to saving money. I remember some countries had financial crisis decided to blocked the capital of user to solve their issue.

Aceanyth

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I don't think that bitcoin make banks disappear banks have a lot of money and many people are supporting it. A real company should invest in a bank rather than in a bitcoin i think.

Some small companies are investing in bitcoins because they can make good money if we can make that big companies can invest in bitcoin. This would be nice.

webdevmastery

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In my opinion it cannot, Banks are the first in the list where everyone is placing their money and in the future maybe they will implement a way for bitcoin holders to also place their coins in the bank and set it to time deposit with a huge amount of scale unlike on fiat with a low value of scaling as the time goes by.

katiecbell

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Quote from: GOODNESS on November 04, 2017, 04:09:13 AM

Bitcoin can not make banks to disappear, it will only make the banks to diversify. The banking sector have been in existence for many years now, their operations are not only approved by the Government but also approved by the members of the body. The banks have a regulating body called the central banks, so the banks have already gotten a solid foundation so talking of disappearing as a result of an Emerging Bitcoin which though is gaining ground in many counties of the world, but yet to be accepted in some countries,even when accepted by all the countries, bank may key into the Bitcoin Business as well.

Yes both have their own importance. You cannot compare two neither can deny one’s importance. Both are good in their own way, still many people prefer banks because they feel more safe on that side and some are getting into crypto so to earn more. Anyhow bitcoin cannot make banks disappear but can give a tough competition to it.

moamin77

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JACS.tech

I always believe that BTC (and of course the 'good' Crypto ALT coins) will live hand-in-hand with FIAT
FIAT will never disappear, so banks won't either

shark69

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with more and more people playing bitcoin, there will be many people who will keep their money in bitcoin purse. so bang will lose and long kalamaan will disappear. I think people will move on bitcoin because it feels d disadvantage by the bank with an unclear tax

Kasabus

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Quote from: daweiwuli on November 10, 2017, 02:22:40 AM

Bitcoin will not let the bank disappear, Bitcoin is just a currency. Banks have many functions, such as banks can carry out loans. Bitcoin does not make banks disappear, bitcoin and banks can co-exist.

Or should we say, government will not let bank disappear, that is because they control banks and they are useful in their country.
When people are getting their money pass through the bank, they can easily monitor it and they can trace those who are not paying the right taxes which the government will aggressive impose as it's the lifeblood of the country.

daweiwuli

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Bitcoin will not let the bank disappear, Bitcoin is just a currency. Banks have many functions, such as banks can carry out loans. Bitcoin does not make banks disappear, bitcoin and banks can co-exist.

Adrazan

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I don't think so, Bitcoin is only a digital crypto currency that be abstractly transact while banks are meant for physical transactions

Riddikulo

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Bank will start function differently. It will work with Bitcoin currency, exchange transactions with it, transfers, and much more. Also work with the same crypto-currencies, but with those that will have their role in human life.
It seems to me that every country will have it's own crypto currency.

eddyhalim

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bitcoin can hardly make banks disappear, because people insociety still use banks to save money in invest in to have interest, moreover the banks is changing their methods to work more efficient like using internet payments, it will be very hard for a virtual currency to defeat banks.

bitcoinveda

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Bitcoins won't make banks disappear but paper currency will come to end and more digital transactions will increase

gokudera

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Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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?

I think bank will stay and will not disappear, first of all bitcoin is usually use in Online thingy and banks are usually fiat money where old people are using it.

Jusbernuk

newbie

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Banks not be disappear by existence and popularity bitcoin. In fact i think, presence of bitcoin can be motivator for banks around the world can to compete to offer better financial services for the community.

JohnHero

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Quote from: coinsgod on November 09, 2017, 07:21:04 AM

No way. The banks will always be here way past the day we all die.

The way banks work today for sure will dissapear. Banks will addapt, who has the money has the power. And banks have a hell lot of money. Banks will overcome this.

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