Topic: Can Bitcoin make Banks disappear? - page 74. (Read 427614 times)
It took a long time for bitcoin to eliminate the Bank's role in the world. Currently bitcoin can not be used and owned by everyone, it is difficult for bitcoin to eliminate the role of the Bank.
I think the bank will not disappear. because banks are always needed to manage finances in a country. and currently bitcoin has not been acknowledged by the government in my country. bank something that is important to local finance.
It's very unlikely that bank will disappear because of Bitcoin. If hard currency is gone than banks will start using Bitcoins as a new currency and in online banking as it's already dealing in hard currancy in online. So no bank won't disappear because of Bitcoins in my opinion.
Absolutely, bitcoin will not make banks disappear. Especially that bitcoin is still done online ofcourse. Foods, supplies, everything are bought physically by money. Maybe if there are stores and other establishments that will accept bitcoin worldwide then perhaps it can diminish banks but it would not still disappear. We need banks even if we think we do not need them. Government will not let banks to disappear because it is also a good way to have an income.
nothing is permanent my friend. and banks are also not permanent.
Not until:
1. Deposits are guaranteed
2. Transactions are reversible
3. High transaction volume and user adoption
4. Near instant verification
5. Technology is distributed not controlled by a few miners in China
May happen eventually but not sure if BTC can get us there
1. Deposits are guaranteed
2. Transactions are reversible
3. High transaction volume and user adoption
4. Near instant verification
5. Technology is distributed not controlled by a few miners in China
May happen eventually but not sure if BTC can get us there
Banks have their importance in the system and we should always remember that at the end we need banks to transfer our money into local currencies till the time bitcoin is not been established as a world wide accepted currency everywhere. Also, Banks become as importance aspect of economic and also provides job to large number of people and the benefits one gets from banks can never be achieved from bitcoin and one need to accept this fact. So no matter how powerful the Bitcoin become banks are going to exist.
In my opinion bitcoins can never make the banks disappear at all. This is because the banks have their own importance in the field of finance and even today, we could not deny the fact that most of the people having some status rely on banks for their money related problems. Banks are a safer security for keeping your money and have a lot to do with the country’s economy. They add up to the daily indexes of the stock exchanges as well.
I think that the operation of a bank for human beings is necessary. i believe that theses will appear and support the stability of the currency .These banks could also support crypto currencies as well as cash . I think that the banks of the electronic currency will appear in the coming years, when the electronic currency throne
Yes of course. it is needed. That is why it will not disappear. They are adopting to what their client needs, that is why they are still alive until now. Who knows, one day, bitcoin banks will appear, or banks would start accepting bitcoin deposit.
I do believe that they are here to stay, whether we want to use it or not.
I think that the operation of a bank for human beings is necessary. i believe that theses will appear and support the stability of the currency .These banks could also support crypto currencies as well as cash . I think that the banks of the electronic currency will appear in the coming years, when the electronic currency throne
How can Bitcoin make Banks disappear?? This is not possible and it is not possible to replace the banks. Making all the money into bitcoins is risky and you can not predict the future so it is a big risk.
Holding entire funds in terms of bitcoin is quite a risky thing, but the same can be made as a way to profit in a large scale. This doesn't initiate plans to destroy the banking system which is the backbone for the entire financial administration happening around the globe.
it will be very difficult to say the bank will disappear, of course if the bank can set the system clearly and regularly. but I expect banks and bitcoins side by side to overcome the financial problems that occur in the world.
How can Bitcoin make Banks disappear?? This is not possible and it is not possible to replace the banks. Making all the money into bitcoins is risky and you can not predict the future so it is a big risk.
Yeah sure it may happen, but they are not gonna close they can change their criteria or service. Bitcoin is a advance way digital cryptocurrency and it can effect banks. But they can find some other ways to stay in a market. But it is sure that Bitcoin gonna effect the banks.
i think bank will not disappear. because the bank offers many facilities. if Can Bitcoin make Banks disappear.if it happens then it will take a very long time.
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?
This is not possible because not everyone wants to turn all their money into bitcoin. There are many investors who see the risk of the crypto market and they are anxious not to participate in this electronic money industry. "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 very unlikely that bank will disappear because of Bitcoin. If hard currency is gone than banks will start using Bitcoins as a new currency and in online banking as it's already dealing in hard currancy in online. So no bank won't disappear because of Bitcoins in my opinion.
Same thought as with me. Bitcoin can't make bank disappear because it has been already embrace by many common people to make their money safe and protected. Bitcoin needs bank for transferring our money in and out. Without banks, we can't use the cash that was converted from btc. So bitcoin can't stand alone with the absence of fiat currency and bank now for the fact that not all people are using crypto-currency, still many humans are unaware about bitcoin.
It's very unlikely that bank will disappear because of Bitcoin. If hard currency is gone than banks will start using Bitcoins as a new currency and in online banking as it's already dealing in hard currancy in online. So no bank won't disappear because of Bitcoins in my opinion.
Undoubtedly it will not come about whenever soon, BTC is a currency of the long term but getting more than location of the true currency of the entire world that is fairly structured at present is not going to be a quick-time period undertaking if BTC could overthrow fiat at whenever owner needs.
thinking that it is very difficult to eliminate what various countries have applied. in fact, the bank has been recognized by the whole world. well, bitcoin may have started to be recognized, but I guess bitcoin has a different path to the bank. so, bitcoin can not make the bank 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?
My opinion: the bank will not disappear. Instead there is no currency bank but a bitcoin bank. "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?
Theoretically could it substitute banks, I mean what can a bank do that is necessary that Bitcoin can't ?
Bitcoin's system is even more reliable because there is no central authority so it's not possible to bring more units (Coins) in circulation.
But in reality, when I look at the society now, this will never happen. Too much people trust on some government controlled central bank that can print an unlimited amount of money and do whatever they want with the economy. Maybe the society will change it's vision in the future, we will see.
Bitcoin's system is even more reliable because there is no central authority so it's not possible to bring more units (Coins) in circulation.
But in reality, when I look at the society now, this will never happen. Too much people trust on some government controlled central bank that can print an unlimited amount of money and do whatever they want with the economy. Maybe the society will change it's vision in the future, we will see.
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