Absolutely not. Rather, banks will provide services related to crypto-currencies
I agree. Fiat and crypto represent a single economic system. There will always be supporters of one or the other. 
Topic: Can Bitcoin make Banks disappear? - page 79. (Read 427614 times)
Banks can not disappear because their owners are the richest people in the world and they will not allow anyone to destroy their source of income.
I think that bank will not disappear in the near future. Btc can be a great hedge, but all the features that a bank is doing in the modern economy it's hard to replicate. And even in this case, Btc or crypto should be broadly accepted from the common people, from the financial istitution and the political power. I think that Btc could play a role, without replace it in full the bank system 
i think it can't because bank works in the country to make circulation of money in that country, and all people can't use bitcoin, we need offline currenciies like money too to use it offline and when internet is down or something else, maybe someday bitcoin can make credit card dissapear
I agree with you. however we still need paper money, because not many people know about bitcoin.i think it can't because bank works in the country to make circulation of money in that country, and all people can't use bitcoin, we need offline currenciies like money too to use it offline and when internet is down or something else, maybe someday bitcoin can make credit card dissapear
However, as per my know, Facebook and Google are want to create an internet network coverage worldwide. I think if these largest company can do that in future, the future use Bitcoin every where can happen. Not its not possible, banks are always needed for people.
Not everyone is gonna use bitcoins for payments.
Plus the most bitcoin is digital and online and I do not see people pay online wit bitcoin.
I agree! Aside from the fact that not everyone will use bitcoin for payments or any transactions, banks are centralized by the government so i think it would not disappear. Maybe some of it's policies, rules and how they do transactions would change because they will be affected by bitcoin, i strongly believe that the government will make a move to make banks stay to what it is today. Not everyone is gonna use bitcoins for payments.
Plus the most bitcoin is digital and online and I do not see people pay online wit bitcoin.
i think it can't because bank works in the country to make circulation of money in that country, and all people can't use bitcoin, we need offline currenciies like money too to use it offline and when internet is down or something else, maybe someday bitcoin can make credit card dissapear
Physical money tend to disappear. Every year more and more people use cards and use less cash. And when your money is on the card - they are digital.
yes of course it can. i think that we can see bitcoin based economy in near future in this world.these days bitcoin legalisation decisions from main governments will be very important point. we can predict that. wait and watch. that's it 
Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.
I agree with that. Bitcoin may change the prospective of banking industry. Change as they say is constant. That's why every industry not only banks should adopt to the changes that come along the way. Bitcoin will sustain in its own way. Banks will find new ways to improve and innovate there services. In a way both may flourish. Bank may allow to transact bitcoins. Bitcoins on the other hand will be more reliable through the banking industry. There will always be many ways to create a product or services using bitcoins and transacting it through the banks.
Why do I fear that banks and goverments will somehow put their hands on cryto. So far they didn't care, but as bitcoin grow so is their attention. :|
i think it can't because bank works in the country to make circulation of money in that country, and all people can't use bitcoin, we need offline currenciies like money too to use it offline and when internet is down or something else, maybe someday bitcoin can make credit card dissapear
But i deny your point on the basis of advancement in technology like IOT, in which every individual will be online at any time and anyplace. Also the number of people adopting bitcoin are increasing day by day. 
i think it can't because bank works in the country to make circulation of money in that country, and all people can't use bitcoin, we need offline currenciies like money too to use it offline and when internet is down or something else, maybe someday bitcoin can make credit card dissapear
It's imposible i think. Bitcoin can not make Banks dissappear, people around the world using bank. There is many people support bank as secure storage of his money. Many people do not really know about Bitcoin.
Banks want to disappear means before that first all fiat currency should be ban then only banks will not get any work, and it disappears until that banks will work as usual. But bitcoin legalisation decision from our governments will reduce banks revenue that's it. for this reason may be some private banks may close but this will not affect on any government under banks. 
It's imposible i think. Bitcoin can not make Banks dissappear, people around the world using bank. There is many people support bank as secure storage of his money. Many people do not really know about Bitcoin.
Banks want to disappear means before that first all fiat currency should be ban then only banks will not get any work, and it disappears until that banks will work as usual. But bitcoin legalisation decision from our governments will reduce banks revenue that's it. for this reason may be some private banks may close but this will not affect on any government under banks. 
Yes, I think Bitcoin can make banks disappear, banks in general are used by people to transfer and receive money, store money (and gain interest by indirectly giving loans to other) and taking loans. Since the introduction of Bitcoin, we have seen some similar service that is going to give people loans in Bitcoin, and those who gives loan will gain interest. The flaw in this system is that there is no collateral (there is collateral at some loans, but majority of it doesn't have collateral instead the loan is taken and given by trust).
I think in the future there will be a dedicated feature in the blockchain that will hold the collateral of the lenders. So yes, Bitcoin may make banks disappear.
I think in the future there will be a dedicated feature in the blockchain that will hold the collateral of the lenders. So yes, Bitcoin may make banks disappear.
I doubt that a lot. What types of collateral will blockchain accept? There are lending sites like BTCJam and I had an interest in investing in sites that are like that. I read, though, that it's not a good idea to do so. People are just using fake IDs. In case someone defaulted on the loan, even though he posted his ID and a picture of him holding the ID, then what? You are not going to fly to another country or do all of the trouble just to chase a couple of bucks, would you? In this forum, there are collateral being accepted but most of the time, it's only the way of the other person to get rid of that collateral. It's like a way to sell that item. And so we ended up in the way loans are given by trust alone. The lender thinks that a hero member wouldn't risk his account getting negged for a couple of bucks but sometimes that is just not the case.
There are even trusted members here that destroyed their trust by getting a loan and not paying.
You have the point there mate. In so far as lending some btc to other people here, no matter what the level of account rank, the risk is there when you are the one offers someone to lend you some btc.
It's imposible i think. Bitcoin can not make Banks dissappear, people around the world using bank. There is many people support bank as secure storage of his money. Many people do not really know about Bitcoin.
I think that bitcoin will not make the banks disappear. Part of the money supply will pass through banks, which will also change and improve. As we can already see, now banks themselves partially implement the blockchein technology, create their own digital coins inside the banking system, such as ripple, which allows for a few seconds to transfer payments to the world's point of view instead of the outdated and slow SWIFT method. Banks will exist along with the crypto currency, because the need for conventional money will not disappear for a long time.
quoted from the article. banks will slowly disappear if not follow the technological developments of banks can be lost or lost with bitcoin as a person's lifestyle will increase the technology if the bank does not keep up with the development of the technology then slowly but surely the bank will be eliminated by bitcoin
Yes 100% bank and cash have to be disappear. Basic cryptocurrencies are only virtual money . Digital and virtual has some thing common in them, cryptocurrency has easy accountability, as Banks does not have wallet systems for coins handling , lots of difference between both . Conclusion is only banks have to disappear .
For my opinion bank will not disappear ,maybe bitcoin? Because we all not sure in bitcoin, everyone knows about the bank, and many people are saving money in the bank, not all people are very much aware of bitcoin. So i think bitcoin can not make banks disappear.
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