My read is that if they do stay in some fashion it will be limited what the banks will provide. They may serve as an intermediary between bitcoin transactions and other transactions but cant see a real point of them existing
beyond this. The ledger will be digital and so will the money, what real need will be left for banks coming 50 years+?
Topic: Can Bitcoin make Banks disappear? - page 65. (Read 427614 times)
I don't think that banks can disappear, as banks are supported by the government, and everybody needs them for loans.
i don't think so that bitcoin will disappear the bank system because every country need a bank system through bank system different countries are doing business and also bank system is old system and the trust of people on bank will never end but there is only small issue of taxes only. so bitcoin will never become so develop that it will disappear the bank system but it can reduce the customers of bank.Bitcoin doesn't work to make banks disappear clearly. The aim and the reason of its existence is much more different than making the banks disappear. Bitcoin improved our lives during the past 5 years.
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?
I don't think so that banks will disappear because of bitcoin. We still need real fiat in everyday life for our childs daily allowance, paying of tuition, etc., Maybe time will come that many banks will also tie up to bitcoin exchanger sites so that we can easily transfer bitcoin to cash and vice versa.
I do not think it would be necessary at this time, but in time BTC banks may come in handy. At this time I would wait a bit as the situation will continue to develop.
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?
I don't think so that banks will disappear because of bitcoin. We still need real fiat in everyday life for our childs daily allowance, paying of tuition, etc., Maybe time will come that many banks will also tie up to bitcoin exchanger sites so that we can easily transfer bitcoin to cash and vice versa.
Its impossible. Bitcoin can't take place of money. So banks will be exist in future. Maybe the bank change there plan and start working same as blockchain. People call banks as wallet. Banks can involve with bitcoins but they'll never disappear. Also most of seller use banks to transfer money.So if it disappear how can bitcoin seller get the money .
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?
No! cause Bitcoin and Banks are catering different sections of our society.
No! Because banks is more important than bitcoin.
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?
No! cause Bitcoin and Banks are catering different sections of our society.
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?
The reason why banks exist is because they can do credit creation (by issuing loans.) This enables a bank to lend out more “money” than reserves (at the central bank and other assets.) Bitcoin is like “gold” and if it becomes more common in everyday transactions it would mean that banks would have to build up bitcoin reserves, in case they start having accounts denominated in bitcoin. This in turn enforces central banks to hold bitcoin in case banks have to be bailed out (if bitcoin becomes very common.)
its funny, if cryptocurrent as virtual money can replace bank as money provider.
bank still strong if many crypto attack them.
you know bitcoin and bank have other advantages and each other have each own way that dont have each other.
bank still strong if many crypto attack them.
you know bitcoin and bank have other advantages and each other have each own way that dont have each other.
I dont think regular banks will dissapear because bitcoin is just an digital currency but regular banks can operate both online and offline transactions.
Of course bitcoin will not be able to make banks disappear because the bank has existed before bitcoin and everyone still needs or use the bank. I also use a bank to exchange bitcoin into real money
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?
I don't think so that banks will disappear because of bitcoin. We still need real fiat in everyday life for our childs daily allowance, paying of tuition, etc., Maybe time will come that many banks will also tie up to bitcoin exchanger sites so that we can easily transfer bitcoin to cash and vice versa.
Like most of you said. I really doubt it can makes them completely disappear, maybe in long long time. But it can take quite a big percent of their traffic and this is still a loot.
Banks have existed for hundreds of years and certainly have a way to survive, although bitcoin is used massively but I'm sure that bitcoin will not make banks disappear. maybe someday banks will receive bitcoin.
Bank owners are smart enough to make their company survive against bitcoin. They won't easily let banks disappear. They can use bitcoin to sustain their bank. Either they put their investments on it or they will accept transactions through bitcoin and accept bitcoin as a form of currency. And also, with the power of the government, countries may block bitcoin to give way and prioritize banks that invests in their country.
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 dont think so, banks will never dissapear in this wolrd, because banks have a many purposes for all human in this wolrd, and eventhough bitcoin wll be popular in the next few years, it will never ends the bank era, but they can do whats the banks can do or they can match the banks in the future.
I dont think bitcoin can really make banks disappear easily, that will take a very long time for bitcoin to do that, cryptocurrencies is rising nowaday, so banks know that and have change themselves better to catch up with cryptocurrencies like internet transactions, faster and easier for trading and investors.
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?
The thing is banks only accept money with physical forms. Now, imagine in the future when bitcoin and altcoins are the only currency that we have. What will be the use of bank by that time, when bitcoin and altcoins have no physical form.
I don't think that banks can disappear, as banks are supported by the government, and everybody needs them for loans.
i don't think so that bitcoin will disappear the bank system because every country need a bank system through bank system different countries are doing business and also bank system is old system and the trust of people on bank will never end but there is only small issue of taxes only. so bitcoin will never become so develop that it will disappear the bank system but it can reduce the customers of bank.
Do we have some kind of a hate in the banks. This went on until 277 pages? 
Bitcoin will upgrade the banking system if they want to but that I doubt will happen.
There is this thing called risk and they will not try to take it as it may also ruin them.
Government affiliation will be their problem since they are connected with them. They might pay a large amount just so they could continue in using bitcoin.
Bitcoin will upgrade the banking system if they want to but that I doubt will happen.
There is this thing called risk and they will not try to take it as it may also ruin them.
Government affiliation will be their problem since they are connected with them. They might pay a large amount just so they could continue in using bitcoin.
I don't think that banks can disappear, as banks are supported by the government, and everybody needs them for loans.
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