Topic: Can Bitcoin make Banks disappear? - page 7. (Read 427618 times)
Whenever there is a conflict between technology (Blockchain) and traditional methods (Banks) history taught us that technology always wins. So i think bitcoin or blockchain will make banks disappear.
Bitcoin is a different form of currency when compared to the currency we are currently using. As for having the wiping of these banks, I can say that it is not possible. Banks are there and slowly progressing through the years, if we let the banks get out of the picture what would happen to our old people that are using the native banking system instead of the newly rising digital currency? I think that part is an argument that cannot be solved in a timely manner.
im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
. I think not all banks Will disappear if just in case that Bitcoin Will rule the world of currencies . Banks still have their role in the community through them, there is local exchange currency. Just accept the fact that every country has their own currencies and that is a part if every nations history. We can not erase them totally, they the one that keep them , the local currency. If ever, maybe banks Will study some aspects of Bitcoin and that to broaden their kind of services towards people. but make sure that all people know what is btc...in my country just a less people know bitcoin...
might happen ... for some time in the future if bitcoin is legal and has been widely understood by people in the world
at that time maybe the bank's work system will decline and may disappear
at that time maybe the bank's work system will decline and may disappear
bitcoin will not make bank disappear, the only possible thing is bitcoin will compete banks, and it start start in this year, but some event will decide decide how long and how far bitcoin will make bank feel awfull with bitcoin existence. For now and maybe in the future too, we still need banks to convert it to fiat.
it is possible to lose the bank when the bank loses money in a country its effect will also lose the local fiat money or total money in nationwide.
what is the effect of losing fiat money?
the most affected the bank is I think it's not good for bitcoin to lose the fiat money and bank. If we think that the fiat money is gone and the human target has moved to bitcoin here that the price of another altcoin will increase. Because the fiat is gone and the bitcoin bank is taking taxes the governments do not have any local money alone in digital money bitcoin.
Is that ny opinion only. that's why I run into my mind when the fiat money and the bank are gone.
what is the effect of losing fiat money?
the most affected the bank is I think it's not good for bitcoin to lose the fiat money and bank. If we think that the fiat money is gone and the human target has moved to bitcoin here that the price of another altcoin will increase. Because the fiat is gone and the bitcoin bank is taking taxes the governments do not have any local money alone in digital money bitcoin.
Is that ny opinion only. that's why I run into my mind when the fiat money and the bank are gone.
No sure not, Bitcoin will never kick the banks out of their business. However, less people will use their services if they have BTC — this situation is not profitable for banks and for governments, thus Bitcoin is not supported officially much.
Yes, some agencies including banks are beginning to adopt the blockchain system.
By the way, although cryptocurrency is more effective than cash, I'm sure the bank will still exist, because bitcoin also has limitations, one of which is having to go online. So, for offline transactions are fast and effective, cash is needed.
By the way, although cryptocurrency is more effective than cash, I'm sure the bank will still exist, because bitcoin also has limitations, one of which is having to go online. So, for offline transactions are fast and effective, cash is needed.
Bank may not disappear but if they do all they can to destabilize Bitcoin and they failed then they will adopt Blockchain and key in their services to suit and benefit from blockchain technology.
Actually I think that Bitcoin could make banks dissapear in the near future because people care about time and comfort and Bitcoin offers it. Bitcoin allows people to send transfers right away. Furthermore, no intermediary is necessary to make the transactions. It makes them really fast. Many people innately like not being subject to anyone and doing things on their own, that's clear so in my humble opinion, Bitcoin can replace banks in the future.
Some experts believe in full transition of paper to the figure and expect the growth to continue to $ 30 thousand and even $ 100 thousand, while others predict the inevitable collapse of Bitcoin, since what happens to crypto-currencies in their opinion is very similar to a bubble that should burst.
I think it is not possible. May be it will take long time to disappear banks. If all peoples get awarness about btc then it might possible.
There are more individuals utilizing bitcoin however I think the larger part of that individuals are not into banks at first. They are not utilizing banks by any means. In the event that all individuals that utilizing banks will exchange to bitcoin then your announcement will fit however it's incomprehensible. Banks will never disseminated only bitcoin of bitcoin. Additionally, banks is the strong foundation of each financial system thus it is impossible to perish.
It would not really disseminated by merely having a cryptocurrency in the market of around the world, let us try to look at the whole situation, bitcoin has just a limited number of supply we are billions people in the world and I don't think that we would have enough supply for all of us, scarcity would be a big problem and it is not normal.
There are more individuals utilizing bitcoin however I think the larger part of that individuals are not into banks at first. They are not utilizing banks by any means. In the event that all individuals that utilizing banks will exchange to bitcoin then your announcement will fit however it's incomprehensible. Banks will never disseminated only bitcoin of bitcoin. Additionally, banks is the strong foundation of each financial system thus it is impossible to perish.
banks will change or go in but they will not go away. but they will always get some services to provide other items that other people want / will buy.
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 can be happen anytime, but as long as the older people are still using the old way, going to banks to cash out some moneys the banks will never disappear. Because there are lots of people are afraid fo innovation and development so they are sticking to the older ways. "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?
Well, I would say bank will not become obsolete and disappear eventually due to btc. However, they may be revolutionized due to BTC.
That;s my standpoint.
The bank has been in existence for decades. It gives users the confidence, ease of money transfer, borrowing, providing convenient services. Bitcoin can become an effective, popular payment method in the future, It takes a lot of time for users to use, I think it will not do bank vanish.That;s my standpoint.
Well, I would say bank will not become obsolete and disappear eventually due to btc. However, they may be revolutionized due to BTC.
That;s my standpoint.
That;s my standpoint.
I think no, because banks are operating long time ago. And more people are saving their money in the banks.
I am agree with you, i dont think that bitcoin can make banks disappear because banks is part of this world for many years and even bitcoin more popular it has no chance to make banks disappear. 
I don't think so. Bank companies and the system on the bank is far more stronger than bitcoin, and also bank companies are fully supported by the government unlike to bitcoin. And also if there would be a chance probably the government would do something towards it and solve the problem.
I agree, the bank gets full support from the government, banks will never disappear even though bitcoin use beats real money, maybe someday banks will receive bitcoin.
I think no, because banks are operating long time ago. And more people are saving their money in the banks.
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