Topic: Can we totally eliminate all the banks in this world? - page 29. (Read 6083 times)
in the future it is possible. but now it is impossible. we need their infrastructure systems. for this reason it is not appropriate to raise them. this is the fear of the banks already. they know that a system is no longer needed for them.
Banks are still needed and will last forever, financial services are highly dependent on banks and the government will fully protect the banks so it is not possible to disappear.
Can bitcoin eliminate anyn or all banks if every country was legalize bitcoin because right now bitcoin was one of the cryptocurrency lead and number one even the banks they didnt know what are they doing if already the bitcoin legalize because you do not need bank or save your money in bank for a small interest but if you invest your money in bitcoin for sure you earn a big amount of digital money.
No. I think, if all the banks Will closed How can you produce money, crypt is just only for exchange.
yeah and the banks will treat it as fiat since they have nothing to bankFiat is going to stay forever and banks will never end but bitcoin and other altcoins will act as best alternative to Fiat and will be controlled by the user rather than government and it will be great if more number of users adapt the bitcoin I mean crypto currency over Fiat but the only challenge we face is that volatility of crypto world
It may happen but it take some time ,even it may be couples of decade.At first bitcoin will replace the entire FIAT systems and then the bank process.Bitcoin has huge power to replace the dollar and remaining currency system.
No. I think, if all the banks Will closed How can you produce money, crypt is just only for exchange.
yeah and the banks will treat it as fiat since they have nothing to bankFiat is going to stay forever and banks will never end but bitcoin and other altcoins will act as best alternative to Fiat and will be controlled by the user rather than government and it will be great if more number of users adapt the bitcoin I mean crypto currency over Fiat but the only challenge we face is that volatility of crypto world
It could be possible because cryptocurrencies like bitcoin is increasing too much day by day or month by month. Investment in cryptocurrencies are much more higher than banks.
Nope I think that is not possible. the first bank will always exist because the support by the government in every country. fiat will continue to be the main currency then the bank will continue to exist. banks are not just a place to save money but as a country's economic regulator as well. so impossible bitcoin can make the bank disappear
before you're going too far about eliminating the banks, you need to know that the bank has an important role in the economy in a country. Some of them are Maintaining monetary stability, conducting research and monitoring with the economic condition, Creating fiat, and maintaining the country's foreign exchange reserves. So if there's no bank, the country needs to rearrange their basic economy. So, let just think that the cryptocurrency is a technology that can make banks become better than it will eliminate it.
No. I think, if all the banks Will closed How can you produce money, crypt is just only for exchange.
yeah and the banks will treat it as fiat since they have nothing to bank
No. I think, if all the banks Will closed How can you produce money, crypt is just only for exchange.
No, Impossible to eliminate bank as we all know that the other bank is willing to accept bitcoin or other cryptocurrencies by converting to local currency and bank is institution that used by the people for over hundred years, so even bitcoin cannot eliminate bank.
really .. people prefer bitcoin as a very good investment and profitable for them than they use the bank. if you are bankable you will only pay the tax on the bank as well as very little income. in contrast to bitcoin which has a very fluctuating and often changing price. it makes kisa take the opportunity to invest. so people will switch on bitcoin instead of using the bank.
Mybe no, banks are a government tools to control national economic, they have a jobs to stabilize economic like monetary policy.
Yes it's a big no!, we cannot eliminate all tha banks in this world because it is very useful among of us It helps our economy in different ways. Many people who are financially educated uses bank and keep their money in banks. It helps the circulation of money and one of the most in charge to balance the financial system in our world.
Mybe no, banks are a government tools to control national economic, they have a jobs to stabilize economic like monetary policy.
Banking is too old system and to vanish it from this era its too hard and will take time,if it can not be eliminated it will replaced from physical currency transaction to digital currency transactions. Adopting this first of all government legalize the cryptocuurency and allow to central banks then central bank will set policies and procedures then common banks will follow and implement policies and procedures.
No you can’t because a bank is needed for the local busines. The medium-sized enterprises plays a vital role in the local economie. In most countries these medium-sized enterprises represents 98% of all entreprises of the country. And these companies need banks to invest and develop their business.
In the future, you will not have 90% of enterprise in the blockchain. Hôtel, restaurant, baker, builder, traditional occupations will always exist. It’s not with the blockchain that they will get the money they needed.
In the future, you will not have 90% of enterprise in the blockchain. Hôtel, restaurant, baker, builder, traditional occupations will always exist. It’s not with the blockchain that they will get the money they needed.
I am not in favour of closing the banks. I might be hated for saying this, but wanting this is a bit childish and completely unrealistic. As long as there will be fiat money, there will be a need for banks. And since fiat money is here to last, banks are too.
and what a need for liquidation of banks?...let themselves live a free life...they will usable if the cryptocurrency won't be so good in the future
What is the future of cryptocurrencies when all the government need to do is to close the bank accounts of businesses or exchange?
https://www.coindesk.com/bitcoin-businesses-face-bank-account-closures-in-singapore/
https://www.coindesk.com/bitcoin-businesses-face-bank-account-closures-in-singapore/
Probably not, at the moment we don't have the tools to do this.
Cryptos are very immature to even replace cash money, are more like an experiment at the moment, we all like the idea but realistically it can be done yet.
ICOs will help for this, after sometime and many failures we are going to have solution though them.
What is the future of cryptocurrencies when all the government need to do is to close the bank accounts of businesses or exchange?
https://www.coindesk.com/bitcoin-businesses-face-bank-account-closures-in-singapore/
Maybe it will happen if all establishments, departments store, or even in open market will accept payment using bitcoin. Mojority wins if all people using cryptocurrency then instead of saving in the bank they save their own using their wallet.https://www.coindesk.com/bitcoin-businesses-face-bank-account-closures-in-singapore/
As of now maybe no but in the future maybe perhaps, through banks we can exchanged bitcoin to our local currency, maybe crypto currency at that time will partner in business with all banks.
Well i think it will never happen that the bitcoins will eliminate banks in this world, because banks is very popular in this world and ever since before everyone in this world is followeing and trusting banks because banks is very secured and very safe.
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