Topic: Can Bitcoin make Banks disappear? - page 8. (Read 427618 times)
We all know that banks are important in our lives because we use banks on some transactions and businesses uses banks in their daily transactions like salary of their employees are issued through ATM's so bank will stay.
As all here know banks endeavoring to make their own particular blockchain,to spare the high expenses they pay,soon possibly be an issue of time till they begin to acknowledges installments of bitcoins ,as applications with bitcoins ,changed over to fiat esteem on the day ,and developing as btc and not fiat.
According to some observations I have conducted as well as some investigations regarding bitcoins lifespan, I must say that bitcoin is gonna take a very long time before its value drops to bankruptcy, if you take into account the exponential increase in value of a bitcoin in average for over a year, you will come up with the same conclusion as mine, as for the case of banks, I think they would still play a part in the rise of bitcoin. I don't think they would become obsolete because as for now bitcoin still depends on the existence of banks in order for its monetary valye be turned into tangible cash.
I think there are two factors here. The banking/debt crisis, and the emergence of crypto-currencies. It won't be Bitcoin that will destroy the banks, it will be the politicians who are taking bribes to allow rubbish derivatives to be created, and then allowing bail-ins for the banks to cover their fraudulent lending, who will cause the demise and re-structuring of banking. Bitcoin will just be one of the emerging solutions/replacements.
Not sure what I'm talking about? Look at the recent permission to allow fracking in the UK, and the bail-in of Cyprus and the Greek banking theft to help DoucheBank.
Not sure what I'm talking about? Look at the recent permission to allow fracking in the UK, and the bail-in of Cyprus and the Greek banking theft to help DoucheBank.
As we are looking for the function of banks, which is being the middleman for any transaction that is happening, it might have the possibility that sooner or later, bitcoin can make banks disappear since bitcoin does not need any middleman in its transactions. If not all of us are gonna use bitcoin then banks will not disappear since there will be people who are still going to use the banks but if it is getting bigger in population of using bitcoin, then it is bad for the banks.
I do not think so, but I think the bitcoin might be affecting the bank and the fact that a bank wants to grow fast I think they will have to run the same technology and market, and the BTC market is a digital market. The large amount of capital that any firm wants to engage in if they have a good strategic vision. My personal opinion is that
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.
It is not true that Bank will disappear because of Bitcoin,since the beginning we all know that fiat currency has the biggest contribution in every government economy,and the reason also why we need Bitcoin just because we want to earn for fiat currency and we deposit fiat to bank account,if fiat currency has the biggest function in our economy and Banks will never be vanished.
It will not disrupt Banks They will either need to adopt this new technology (blockchain) or they will wither and die - just as retail stores have had to in recent years. Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behavior of people changes. Some banks will benefit from this technology and some will be pushed to the back end, and some will disappear.
I don't think so, because bank is the safest place to invest money and it's a medium to earn loan . So not only bitcoin even for crypto currencies can't be take place of banks.So bitcoin can't disappear.
I don't think bitcoin will make Banks disappear.
Now bitcoin is developing very well.
It may become legal tender in the future.
But not all countries accept bitcoin.
Now bitcoin is developing very well.
It may become legal tender in the future.
But not all countries accept bitcoin.
I don’t think Bitcoin can make banks disappear especially when it is not fully supported by the govertment but it may lin up in the different banks in the country.
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?
i cant imagine a life living in a completely decentralize manner, banks wont disappear they will always be there and we need them for sure, its like darkness and light, we need them both centralize and decentralize. "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?
Highly likely. But banks will try to get into something that will keep them floating. They might actually start using blockchain technology to provide some other service. Loans using blockchain or something like that. The point is that blockchain is a powerful technology and it's only a matter of time when global service providers or governance systems adopt this tech and up their game.
I don't think bitcoin will make Banks disappear.
Now bitcoin is developing very well.
It may become legal tender in the future.
But not all countries accept bitcoin.
Now bitcoin is developing very well.
It may become legal tender in the future.
But not all countries accept 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?
Maybe bitcoin or electronic money can replace and disappear the banks because nowadays banks is not safer than before because too many bad people around the world and it can be steal,destroy by phenomena or such any danger. Like wise an electronic money is better because even phenomens hss come you can assure the assurance of your money and you woukd be able to used it in any locations and easy to have not like in banks... "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 Bitcoin can't disappear banks. In fact, banks can even strengthen their hands thanks to coins. I think the banks are big wallets today.
Bitcoin cannot make bank to disappear but they can only make bank to lost their value, as in most people who have been going to save their money in the bank and have been doing business with the bank expecting interest in the will only change their ways to the the blockchain technology which make most bank lost their value in the society.
I believe its not possible, the bank are way to effective and they will never allow this occur at any time, they financial institution is also hating the bitcoin so they will never ever happen for that cause also. Even though its not impossible of program but if it can occur it will nonetheless consider calendar year prior to this is even attainable.
not in the short run. but lets see what happens. when the next financial crisis arises, probably more people see the potential
I am a big fan of bitcoin since i was started to join or to trust bitcoin, but for me bitcoin is can not make banks disappear because banks is known and trusted all over the world unlike on bitcoin that until know is not yet known by everyone and banks is running for many years in this world so i think it will not disappear. 
will be very difficult against the ruler, the Bank is controlled by the ruling government and they need the bank, Bitcoin is only controlled by bebrepa people whether it might be able to fight them,
But if everyone is already using Bitcoin it's not impossible they will succumb.
But if everyone is already using Bitcoin it's not impossible they will succumb.
yes I think so, it will not be easy against the bank because it has grown very strong.
at this time stout people who support the bank because there are still many people who do not know with bitcoin, but if everyone is using bitcoin then the bank will lose.
I don't think banks will ever disappear because a lot of people don't trust themselves, so they like to put their money into someone's hands under a contract, so they manage their money for them so if they screw up they can have someone to blame to but them, of course then when the government take their money and they can't do nothing about it they will complain.
Jump to: