Topic: Can Bitcoin make Banks disappear? - page 83. (Read 427614 times)
No, i don't think Bitcoin will make banks disappear because banks are the final place where we get our country currency. And we need that currency for daily basis. We can not use Bitcoin in every shop.
If this happens sometime then not soon, because still a small percentage of the society uses bitcoin.
I believe that bitcoin can not make banks disappear, as it will be unprofitable for bank owners to do so and they will prohibit crypto currency in their country. Bitcoin can exist in parallel with banks.
appear to feel of bitcoin have the exact same performance as the money, if the bank does not mean bitcoin make it, there is no more time a operate of money in this entire world, as properly as bitcoin. due to the fact bitcoin will absolutely be exchanged for income to acquire anything in the real planet
I don't believe that Bitcoin can influence bank to vanish by any stretch of the imagination. Since the present moment there are a ton of Banks that are as of now trusted and furthermore usable to the individuals who have their own particular organization. Since Banks can likewise do different things than simply sparing cash.
You're stating banks will vanish in light of bitcoin then your wrong do you think banks are running simply because of store exchange there is loads of reason for bank where do you get advance if bank doesn't exist what about charge card what about your protection plots what about your reserve funds . Indeed banks will free some of its benefit however not it totally vanish
I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
yes i do agree maybe they will only consider things in bitcoin currency to make their operation more successful and they will not be left behind by the new platforms.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?
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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I dont think so, bitcoin cant make banks disappear it will just be an another payment to use for people to use. I think this two currency needs to coexist to maintain balance in terms of economic value. Cause bitcoin is not yet considered as a global mainstream so some countries hasn't yet accepted bitcoin some doesn't have any knowledge about it. So bitcoin needs fiat to be converted.
I've also heard the news as you mentioned, but I'm not so sure, because bitcoin in the country today needs a bank. if the bank does not exist how bitcoin can be used as the currency of my country
Banks are necessary because bitcoin is not widely considered as money, with bank they can generate money in the event there is a shortageand the value is stable although it's subject for inflation. I would say it would be nice to have both bitcoin and bank but for sure bank is more powerful.
It is hyperbole to say btc make bank disappear. I think it's not possible both is different different entity & both has different role in some extent. normal peoples uses banks for the money transaction & on the other hand only online peoples use Btc. I know Btc has good potential & will gain more value & more recognition in coming years in offline people's life too. But bank will remain working as it is too.
I've also heard the news as you mentioned, but I'm not so sure, because bitcoin in the country today needs a bank. if the bank does not exist how bitcoin can be used as the currency of my country
It can happen as Bitcoin is the next currency that will help a lot of people and even save fees on transferring funds. If exchange markets increases in local areas then it would really outcome as we all are seeing how it is arising.
It banks will disappear then it means there is no paper money anymore and all people are just doing an online transaction. That would not be possible IMO since not all people are educated with online stuff and they don't have their interest online,with paper money life is simple for those who are living a simple life as it's easy to use and majority of people can use it without any problem.
To say they will go away completely would be dumb... but the reason I'm in BTC and crypto is because I think it will take away a big amount of power from government and banks!! Money = Power.
It can happen as Bitcoin is the next currency that will help a lot of people and even save fees on transferring funds. If exchange markets increases in local areas then it would really outcome as we all are seeing how it is arising.
Bitcoin cant banks disappear because I think that people still refer banks because they think it much safer and familiar. I think that banks will adapt the Cryptocurrencies (bitcoin) so that the people will trust and banks still in everywhere.
And one more argument why it is still too early to think about is - less than 1% of people know what is it exactly and uses it.
While it is in very early stage it is impossible to make banks disappear in current state.
But banking can take some parts of crypo to their services range with lots of terms and conditions
Despite the fact that Bitcoin is still not as famous as we would like, I think that still it will not pose a threat to the banking system. The fact is that banks are very quickly oriented in this issue and today they can prepare for competition with the crypto currency, up to the active use of crypto currency. While it is in very early stage it is impossible to make banks disappear in current state.
But banking can take some parts of crypo to their services range with lots of terms and conditions
Very hard, BTC is very potential, but never can replace the bank role.
If until the bank was replaced by Schwab how the fate of people who do not know bitcoin in the withdrawal of money? I think it will add more difficulties that can panic for them.
definetely correct the people panicking this happen to old currency if the people can't notice properly to learn how to bitcoin treated as money i but i think before this come true to bitcoin replace the old money as currency the people notice by the government of every nation how bitcoin use properly in the world cryptocurency and bitcoin bank raised the the whole nation.
And one more argument why it is still too early to think about is - less than 1% of people know what is it exactly and uses it.
While it is in very early stage it is impossible to make banks disappear in current state.
But banking can take some parts of crypo to their services range with lots of terms and conditions
While it is in very early stage it is impossible to make banks disappear in current state.
But banking can take some parts of crypo to their services range with lots of terms and conditions
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