Can Bitcoin make Banks disappear? - page 82.

Heacygg

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Quote from: Babylon on October 03, 2017, 01:21:28 AM

Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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, it's possible, but it still depends on the situation when people lose confidence in the bank, for reasons of bankruptcy, and in accounts or currencies that are in it. But the bitcoin will also find it difficult to find the ganko because the people are most familiar with it and are most trusted by other companies in the world. But is it better for me to use bitcoin because your money is hidden? it gradually rises even when you do nothing because of the value increase of day, month and year HAHA

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yes bitcoins will disappear banks because now a days people are investing more money in bitcoins and they no more trust in banks because bitcoins are more safe than banks as bitcoins are cryptocurrency there for it cannot be touched so if someone cannot touch bitcoins so how will someone stole bitcoin so your money is more safe in bitcoins then banks.

BossBee

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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.

RavenHood

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Bitcoin can’t make banks disappear, because banks are one of the foundation of this economy, markets, business and many more. Bitcoin is just a branch of a bank. Most people trusted banks and know what are the banks capable on saving their money and bitcoin is not too popular to all people. I know some people that still using banks even they are earning bitcoin, I ask them and they said to me that, they need bank accounts to withdraw their earning and to receive the original money.

BTC Turkiye

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It can but it won`t. I think it will only change the type of banking from the old fashioned print money mentality to a high-tech solvent institutions

gulshan1

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Quote from: Rude Boy on January 11, 2016, 10:09:46 PM

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.

2hot2handle

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No bank will never disappear and government will never allow that to happen because bank has a big role in each countries economy so it will be hard for bitcoin to put down bank.

vipgelsi

legendary

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No banks will never disappear they just will adapt.

Sir Legend

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If the use of the bitcoin is getting big and massive surely become a threat to the banks, we all never know what will happen with the future but I'm sure the bank will disappear because the defeated bitcoin.

Flodemaga

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I had thinked it couldnt happen since banks has a big power and influence, but there are already some coins going live providing the same service as banks, soo i dont know how sucessful those coins and projects can became, but one thing is sure the lending powerful tool from banks is already incorporated at some altcoins, soo banks can see those as a rival and loose their costumers slowly.

MS.LAWLIET

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Quote from: BTCBinary on January 11, 2016, 09:40:58 PM

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 believe that bitcoin won't make banks disappear here in our country i think only 2 out of ten of our population uses bitcoins. Some may know but many of them find it as a scam. In additional there are still adults who don't know and don't care about bitcoins. They will be the one who'll patronize the banks. Banks will never disappear, some may but not all.

8Habits

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Quote from: CryptoLoverz on October 03, 2017, 06:47:11 AM

no i think
to many people need bank, in bank is good invest for long time. and i will use bank than bitcoin for long time.
people that need instant money will go to bank, not bitcoin. because they can give you (with term and condition)
so, bitcoin and bank will help on depend situation

Because bank is already an institution in the financial industry. People get to use to it and trust banks with their savings and deposits and some investment. Although bitcoin is a real good to have, we still need some bank to keep some of our hard earned savings and be able us to do some transactions like different kinds of loans..

ace4549

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Maybe in the near future if bitcoin market gets high price and more..

CryptoLoverz

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no i think
to many people need bank, in bank is good invest for long time. and i will use bank than bitcoin for long time.
people that need instant money will go to bank, not bitcoin. because they can give you (with term and condition)
so, bitcoin and bank will help on depend situation

Loni

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While oil and gas are ruling the world and banks are the main circulatory system of fiat, the main pressure will be there. You may quid in by crypto, but to rule the society through it is much more difficult than through rag.

Chairul Muttaqin

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Quote from: bitterguy28 on October 03, 2017, 06:33:17 AM

maybe if the bitcoin goes to very popular and bitcoin knowing of all people as currency i think it very possible the bankers hate to the bitcoin as currency its because the bitcoin is treat to the bankers goes to disappear.

nowadays bitcoin is very popular and some banks was hate bitcoin but the rest decided to get into role of this cryptocurrency world. in some countries one can purchase bitcoin with their fiat. unfortunately there is no banks do like that in my country.

Oppang Inamo

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I have Two opinions in that particular question,because as a student or a bitcoin user o have many experience and knowledge about bitcoin and cryptocurrency, first banks can disappear in the future if the governments and other associations will not be a hindrance of the bitcoin increase and grow,but if the governments and the associations will continue to do that and if the banks were still strong it can definitely cannot destroy banks,as I experience in market bitcoin is very sufficient and suitable for users.But it depends to the people if banks will disappear.

bitterguy28

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maybe if the bitcoin goes to very popular and bitcoin knowing of all people as currency i think it very possible the bankers hate to the bitcoin as currency its because the bitcoin is treat to the bankers goes to disappear.

senzacionale

newbie

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For me, that is really very far from happening yet that people will leave banks in exchange for bitcoins. But I am not discounting the fact that it will happen. Banks thrive for centuries for a reason and it will not easily disappear because of bitcoin. Bitcoin is a good alternative for our financial transactions but will not replace banks for sure anytime soon.

Chanock

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I think bitcoin can't affect bank and bitcoin never disappear banks. Some bank's accept bitcoin and convert it to the real money. In my experience my earned bitcoin from signature campaign, I deposit it to the bank and they convert it to the real money. And in my opinion bitcoin cannot disappear banks.

tmaleha

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It is not possible to make disappear banks because of Bitcoin.

Because of Bitcoin Banks regulation for sure will be change according to the latest development occurs due to the crypto currency.

Why Bitcoin cannot make Banks disappear because Bitcoin is not any countries currency so for transactions bank is must.

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