Topic: Can Bitcoin make Banks disappear? - page 81. (Read 427614 times)
It may be because we now see how powerful the power of bitcoins is. And it can change the state of our lives. How much more if bitcoins change the world the money used. So I believe that bitcoins can remove the banks or banks accept the bitcoins and become part of it. There are many concepts and the only thing we can do is contribute our ability so that these words are realized
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?
bank cannot be disappear because we still need fiat money to do our daily economic, and bitcoin can do that because we have to use bank to get bitcoin. "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?
banks also has huge roll to build economy so its not possible to say banks will disappear but in future there strategy of can change a lot they will change them self as economy change and make there services according to new demands of society but they cannot demolish fully effect will be there on there monopoly
i extremely question that bitcoin can replace all the banks, i imagine in bitcoin and i feel that the price tag is likely to increase really large, but i dont consider its realistic of changing banking institutions
I don't think banks will ever disappear. Banks are not just a place with bank accounts in which people store their money, they are a center that provides different services such as investment and corporate banking, insurance, money market trading , commodity trading etc. Bitcoin alone doesn't do that. Some crypto-projects are being developed to create legal contracts (Notary), replace real estate agents (Atlant) or loan money (Salt) but I'm sure that instead of disappearing, banks would only start working with blockchain technology themselves and have to adjust. Some banks have existed since 1760 and don't see why they'd fight the current and let themselves drown.
never i think.
bank have other advantages that very usefull than bitcoin.
for longfterm invest bank is better than bitcoin, and you can ask money for much in short time if you any accident that make you need money.
bank have other advantages that very usefull than bitcoin.
for longfterm invest bank is better than bitcoin, and you can ask money for much in short time if you any accident that make you need money.
What you are saying is that with the bank, where your savings are being deposited, it is convenient and powerfully convenient to use and pay it for some immediate and urgent instances like paying bills in the hospital with just one swipe. This is true especially that greater majority if not all of establishments accepts fiat money and not all of them accepts bitcoin.
never i think.
bank have other advantages that very usefull than bitcoin.
for longfterm invest bank is better than bitcoin, and you can ask money for much in short time if you any accident that make you need money.
bank have other advantages that very usefull than bitcoin.
for longfterm invest bank is better than bitcoin, and you can ask money for much in short time if you any accident that make you need money.
It cant because old people and big fortunes are stored at banks, soo it wont happen at all, as some people said in the past save your money at the banks and enjoy the fees they pay to you, since they lend your money to others. Even the p2p transactions does requires bank, without them bitcoin would be dead since we need to transfer money between accounts. Bitcoin wont replace anything, it can improve all services as remitances, providing a fair system and not abusive charge due to cambio.
People who put their money to banks just want to be safe with their money, but actually they have a business where they get the money they save.Bank is just good for saving but not for investing, however there are also some who what to fully hide their real wealth and they can store their money into bitcoins but I think there are only few of them compared to the total number of banks depositors.
bitcoin can't make bank dissapear because not all people familiar with bitcoin
As Bitcoin reached a value of $4,000, bank branches generally just keeps on increasing. So, not really.
Bitcoin will never be able to make banks disappear, if it tries to, then the government would make it 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?
"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?
In my own opinion bank could not dissappear,because its regulated,but bitcoin will continue blooming to the black chain market to the fullest.Goverment will regulate the bitcoin.bank will continue to their business in fiat money they continue to serve there costumer,while bitcoin also continue its trading and investment to there followers.
bitcoin is your bank now. I can't image a bad scenario the banks will take the blockchain technology. I don't believe that.
banks will disappear when bitcoin is being used by everyone
banks will disappear when bitcoin is being used by everyone
no. bitcoin can't make banks disappear, we still need banks for fiat money.
the government will prevent it.
the government will prevent it.
The banks are still useful and i think Bitcoin can’t make it replace.Most of the time we do have a very important transactions that only bank can cater.
Hardly Bitcoin can. Even if the banks disappear, humanity will invent BTC banks somehow
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
yes you are right. i am agree with you. Some people think only one side. they don't know there are so many people who don't want to save their money in bitcoin bank due to up and down the price of it. And you cannot change their thinking.
Every thing has an ending. It would be cool if the whole concept of money could be eliminated and we evolve into another form of existence. I could see AI and robotics doing all the tedious labor running on superior forms of free energy. Food growing abundantly and cost free in hydroponic sky scrapers. The indoctrination of consumerism in children eliminated for ever only to be looked back upon as one of the most barbaric assaults on the human race. Cultivation of the right brain and feminine aspects to grow a society of balance and understanding.
bitcoins are like magician and soon bitcoins will vanished the cash banks because now a days people trust more in bitcoins rather then banks so if all people are trusting in bitcoins then banks will be nill and than banks will be finished. 
In most of country some people are not aware of bitcoins but they are using bank. Bitcoins will famous more and more in future because of their transference but it will take some time and most probably It will have a great affect on bank but it will never destroy banks because bank have also a big history in the world.
What Bitcoin Bank Can Invisible? I think banks will not be invisible. Because we use Bitcoin as a digital currency and many people in the world are now starting to invest in bitcoin. I believe that these will be displayed, and will support a more stable currency currency. These banks can also support currency-currency as well as cash Will the current bank survive?
Why does bitcoin make the bank disappear? I think not because i see that bitcoin and bank has a good relation in between, some banks supports the bitcoin so you can make exchanges from bitcoin to fiat
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