Topic: Can Bitcoin make Banks disappear? - page 6. (Read 427612 times)
i think for the near time i think bitcoin can makes the banks dissapear. becausr as i know that banks is the main part of the country.so i think bitcoin cant makes bank dissapear for the short time
I dont' think banks will disappear. Although bitcoin is getting popular now, still banks would exist. It's just that the bitcoin is another financial tool for people to use.
In my opinion i think it can,but it will take a long time to make bank dissapear.there has to be awareness of bitcoin.if people get to know about it very well then it can
Not like Banks will disappear but to a large extent it can affect the banking system generally
It might seems impossible now but in the nearest future bank will be cemetery where nobody goes for transaction. Banks will be forced to venture into CryptoFortune currency to survive and maintain there relevance
Bitcoin does not make the bank disappear, but it may exist as a new payment medium.
I am not so sure that it will happen. I mean even if it will happen it will probably take a very long time. But they will never disappear because it will never disappear as well. They could change or work with bitcoins. although I am very sure that bank users more than bitcoin.
I am sure that banks will take the blockchain technology and will use it as they got many other thing of technical progress. We will see it in a near future it is obvious thing. Let’s wait how banks will be transformed.
Current Blockchain implementations are still too slow, comparing to such payment systems as Visa and Mastercard.
On my opinion we need at least few more years to get new generation of Blockchain, fast and reliable for global financial systems.
This is not true, scalability is not a problem for all altcoins based on blockchain, Ripple can handle 1500 transactions per seconds, Stellar 1000+ T/s, and Raiblocks even 10,000+ T/s. It's a problem of mass adoption and customers' trust, but the technology is already here.
Let's all hope so
Banks will not disappear, because Bitcoin transactions are not accepted by all countries, and banks are the institutions that regulate the economy of a country, and no country will let the banks disappear.
I am sure that banks will take the blockchain technology and will use it as they got many other thing of technical progress. We will see it in a near future it is obvious thing. Let’s wait how banks will be transformed.
Current Blockchain implementations are still too slow, comparing to such payment systems as Visa and Mastercard.
On my opinion we need at least few more years to get new generation of Blockchain, fast and reliable for global financial systems.
I am sure that banks will take the blockchain technology and will use it as they got many other thing of technical progress. We will see it in a near future it is obvious thing. Let’s wait how banks will be transformed.
I think bitcoin makes banking hours extremely unlikely.
Because some Banks have national support.
It won't disappear easily.
Because some Banks have national support.
It won't disappear easily.
Personally I doubt bitcoin would be practical enough to be able to do that in the current world and economical system and change it enough to make banks obsolete, I think it can easily take control of the online world but the offline world is completely different.
well .. although at the beginning of its appearance, bitcoin and blockchain are feared by banks and other financial institutions. but, nowadays Blockchain is being considered as a complement to the banking system.
at the beginning of its Presence Not many people understood and were interested in studying and studying it. However, over time, many people including the banking players were aware of the great potential of Blockchain. For those who are interested, this technology can certainly be a great opportunity.
One bank that has implemented Blockchain on its system is the Royal Bank of Canada (RBC). according to news circulating, they developed a distributed ledger technology (DLT) system based on Blockchain technology called Hyperledger. The application has already been made in the financial transactions of their branches in the United States and Canada. That is, the system like that can used by other conventional banks around the world.
at the beginning of its Presence Not many people understood and were interested in studying and studying it. However, over time, many people including the banking players were aware of the great potential of Blockchain. For those who are interested, this technology can certainly be a great opportunity.
One bank that has implemented Blockchain on its system is the Royal Bank of Canada (RBC). according to news circulating, they developed a distributed ledger technology (DLT) system based on Blockchain technology called Hyperledger. The application has already been made in the financial transactions of their branches in the United States and Canada. That is, the system like that can used by other conventional banks around the world.
Banks as WE know it may disappear, but banks generally will not disappear.
What is your main reason on this? Bank may disspear but generally not disappear.
I think you try to say some of bank maybe close but another banks is still exist.
However, bitcoin will not disturb bank so bank will remain exist. Bank can addopt bitcoin as well.
as time goes by and the times are growing, chances are banks may disappear and be replaced by criptocurrency. but it may be very long
Banks as WE know it may disappear, but banks generally will not disappear.
What is your main reason on this? Bank may disspear but generally not disappear.
I think you try to say some of bank maybe close but another banks is still exist.
However, bitcoin will not disturb bank so bank will remain exist. Bank can addopt bitcoin as well.
If digital currency can make banks disappear then we are closer to a decentralised society!
Remove the control machine!
Remove the control machine!
If ever banks would consider closing those accounts who have Bitcoin transaction, perfectly Bitcoin can make banks close. People would be smarter to put their money in bitcoin it has a greater amount of interest and it doesn't take a year for that.
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