Topic: Can Bitcoin make Banks disappear? - page 59. (Read 427614 times)
No way. The banks will always be here way past the day we all die.
Banks and Bitcoin are here to stay. But that doesn't mean that banks are going to disappear just because of Bitcoin.
it is not possible that bitcoin will disappear bitcoin because bank system is very old system and all countries have needed bank system without bank i think no country will survive. but yes it is possible that bitcoin will reduce the follower rate of bank in future. 
Banks and Bitcoin are here to stay. But that doesn't mean that banks are going to disappear just because of Bitcoin.
In my opinion Banks are impossible to disappear, because even though bitcoin is our new way of currency today still banks upgrade their ways to make people still use banks, they have many options rather than bitcoin (like loans, insurance, etc) while bitcoin lacks, but we don't know in the near future that bitcoin will also offer another use but still banks is part of humanity and many people rely on banks that's why its not possible to disappear.
Banks will never disappear. You really need some seriously deep thinking and (hopefully) you're smart enough to come to that answer yourself.
in my opinion bitcoin will not be able to make the bank disappear because cash transactions for now still more than the transaction in bitcoin, maybe bitcoin and money will be equally in need by many people. bitcoin and money have their own way
All people agree that bitcoin will not make bank disappear because simply people still using banking services a lot more than bitcoin till now. Banks are too ingrained in our economy and they will adapt to bitcoin.
That's not true, not even majority of people know about bitcoin so how come all people agree that bitcoin will replace bank. It will stay if you know it's power, bitcoin is quite new and does not have enough power to replace a long time existing and continue serving the people.
All people agree that bitcoin will not make bank disappear because simply people still using banking services a lot more than bitcoin till now. Banks are too ingrained in our economy and they will adapt to bitcoin.
actually, bitcoin still has many flaws, so i think with the current lack of bitcoin, it's still very difficult to replace the bank. in fact, you can not complain against bitcoin dev if your bitcoin is lost. different from the bank, you can track users, while bitcoin is very difficult to track transactions.
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 don't really think that it can and it will. Bitcoin is now on mainstream and that's a fact. But still, it is not yet legal to most of the countries and is not supoorted by most of the governments since it is an open source system and is decentralized. Laos, cash played a huge role in our lives so banks will still be used in the future because cash will be still used together with Bicoin for those who does not want to convert their money into cryptocurrency. "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?
In my opinion, banks is impossible to disapear because bitcoin is virtual money, it can not replace real money at least in general or near future. Banks is the most important parts of countries economy, it is not only just doing stuff about money but also doing many in many subject. In future, bitcoin will become popular and it can be seen as a real money but it still need banks to do trade and exchange if it case can happen. Bank is the symbol of country economy and money so that bitcoin need to deal with bank not replace it.
This funny question but rather interesting. Except government comes up with a way to collect tax and monitor money they can't allow banks disappear completely. They rather have bitcoin disappear. You know government always want something they can control. Bitcoin is going global but for now We really can't tell if it can take over banks and make banks disappear.
I think not that easy to make bank disapear by the bitcoin. because as of now bitcoin is not popular as what other bank is. That things will happen i think when the bitcoin is legally accepted by more countries especially for those who banned bitcoin.But for now it is not easy as what others think.
Bitcoin does not make the bank disappear. Bitcoin is just a currency. The role of the bank is not merely to store money. Banks also have many functions that Bitcoin can not provide and influence. So Bitcoin will not let the bank disappear. 
May overlap in some functions, but the replacement is impossible, after all, the bank's business scope is still very extensive. 
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?
It’s true that bitcoin has come a long way since it had started and has gained immense amount of popularity and users in its journey. But still I don’t think that bitcoin will be able to replace banks and banks will disappear. This is because firstly bitcoin is decentralised whereas banks are centralised. Then bitcoin is less stable than cash which is regulated by banks. Bitcoin requires a stable internet connection for it to run and still there are many places on earth where internet is not available. On the other hand banks don’t need any internet to run. "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?
for now slowly banks will be able to disappear because of BITCOIN, now it has many enthusiasts and users therefore why I convince BITCOIN make banks disappear based on information from my senior and teachers BITCOIN ...
my advice and my opinion is almost the same as you, it's a little different from me if in my opinion, not as fast as it will disappear, take a long time to get rid of banks, because a lot of people who need banks in other countries ... 
for now slowly banks will be able to disappear because of BITCOIN, now it has many enthusiasts and users therefore why I convince BITCOIN make banks disappear based on information from my senior and teachers BITCOIN ...
Banks won't disappear. But the method of banking would change significantly compared to what we have today
I think so, bitcoin has inspired the banking industry to make their own blockchain but it's going to be centralized which is oppositefrom bitcoin. They will create their blockchain and that is good as long as they will not destroy bitcoin to make people bitcoin adopters use their system.
I suppose that might be a long procedure. No financial institution may wish to pass away because of bitcoin (which does not need any financial institution you may already know). And so i guess banking institutions will undoubtedly try to quit bitcoin from rising further.
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