Topic: Can Bitcoin make Banks disappear? - page 70. (Read 427614 times)
I do not think conventional banks will disappear because of BTC. The Banks will evolve and key in to Blockchain technology so as to remain relevance.
My answer is no banks can’t be disappear. Banking industry in playing very important role in today economy. Bitcoin is money and it can traded and used through banks. In the present time people can use banks for their business transactions many big companies have taken loans from banks. Bitcoin has it’s own importance but it is not said that it will disappear banks. Through banks we can deal in bitcoin with many countries.
It is bit difficult for bitcoin to fulfill the purpose of banks as we all know that banks are the main center where a common man can get loan to continues his living way, maybe in coming future this will happen that people relay more n bitcoin as compared to banks and that time will be good because everyone will prefer bitcoin because of its profit and its blessing and maybe banks will also start accepting bitcoin.
No, Banks are much more powerful than Bitcoin and no matter what how Hard Bitcoin becomes powerful it cannot replace Banks. Banks user outnumber Bitcoin users and the investors and leaders of Banks will not simply move out of the field. they will try every possible method so that Bitcoin diminishes and Banks shines again. And i think they will try any method to do that no matter it is ethical or not.
It is impossible to make Banks disappear by Bitcoin. The money involve in banks the trust created by bank with people cant even shake it. One thing can happen Bitcoin may be in near future accepted by all banks for transaction.
Because not all of us are using digital currencies, banks still gives services to the people that aren't in cryto. I know that banks will make some innovations towards digital currencies and start accepting this. Even bitcoin holders needed banks as a medium of some transactions especially in converting btc into fiat money.
The topic is just a wrong accusation to Bitcoin. BTC is not created to eliminate banks, but to make private, secure and fast transactions. You mean If I am going to ask money from my parents, I should always put the transaction thru Bank? Do we need to tax every transaction? I guess we have the right to choose between BTC or Bank in a case to case basis.
Banks would only disappear if Bitcoin become mainstream and was the primary currency. I don't see that happening.
At least not in the near future but it's possible it can become the mainstream currency worldwide some day due to the overwhelming acceptance and investment in bitcoin every day by people from all walks of life.
This could be possible imagine lot of stocks of btc are get the price of btc would be high that not just an ordinary people can buy but only with a high power person can, its possile but we're long dead gone before that happen.
i think so. when the time comes that people will fully understand bitcoins and for what benefits and how big the profit will in investing and trading bitcoins the definitely people would rather patronize bitcoins and saving assets to the bank.
My answer is no banks can’t be disappear. Banking industry in playing very important role in today economy. Bitcoin is money and it can traded and used through banks. In the present time people can use banks for their business transactions many big companies have taken loans from banks. Bitcoin has it’s own importance but it is not said that it will disappear banks. Through banks we can deal in bitcoin with many countries.
Banks would only disappear if Bitcoin become mainstream and was the primary currency. I don't see that happening.
it is possible that Bitcoin can have their own bank so that the bitcoin currency transaction is easy so there is a currency exchange.
A short period of time may be a myth, after all, any adult might feel that a bank is more reliable than bitcoin
Making Banks disappear by bitcoin is not required one also it is impossible also. Bitcoin is very small % of the world currency cap. Banks are surviving more then 100 years so it has its own value compare with Bitcoin, Bitcoin is nothing but in future Bitcoin will gain more cap as day by day bitcoin users awareness increasing and traders also get attracted towards Bitcoin.
I think its quite difficult to make banks disappear, as bank and its facility used by almost all people and banks are run by the governments so that rules and regulations will be framed by the governments by this reason it could be challenging to make replace or disappear
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?
No. Bitcoins can’t make banks to disappear because firstly, banks are more popular than bitcoins. They are in more usage than bitcoin. Banks are more trusted by people than bitcoin. Banks regulate the money and provides them stability and does not let them collapse whereas bitcoin are not regulated and can collapse. Banks make the fiat money stable because of which their value does not fluctuate whereas bitcoin value fluctuate a lot. "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 this will never happen as the world need FIAT because crypto is not available for those people who has no internet especially to those human up in the mountains and forest who still need the circulation ofthe world . and if we will erase those bank and fiat, and let the crypto revolve around the human life it is easy to erase the whole data by shutting down the internet world wide and also the electricity !
That is right that the world needs the fiat currency because that is the traditional form of our money and we need it everyday or for daily basis because all the stores, places that we will go is they only accept one primary currency and that is fiat. The banks will not disappear and they will adjust their system to fit in this evolving technology which the cryptocurrencies like bitcoin is involved. 
not really because some business really depends on what bank does, i really think banks can't disappear that suddenly due to super seeding of technology it may co exist with another and benefit each other through the need of the public and the demand this industry currently is creating..
I think bank will never disappear, rather they will come up with better features to meet the expectations of advancing generation.
It is impossible to make Banks disappear by Bitcoin. The money involve in banks the trust created by bank with people cant even shake it. One thing can happen Bitcoin may be in near future accepted by all banks for transaction.
Bitcoin will eliminate banks just like what Email did to the postal industry. But still we're using fiat money for a mean time and soon bitcoin will be useful by all levels of society.
letters! mail are read and stored and most of them are dumped ! this is different with currencies ! money are spend and the people you paid will store it 100% sure some at the bank or some will spend it again and will use by other people! if email will be gone because of iunternet issue it is ok ! but if the money will be gone because of that ! and becuase theres no more FIAT that will be on the bank what will happen then to our world ? Jump to: