Topic: Does bitcoin pose a threat to banks? - page 18. (Read 1914 times)
Bitcoin represents a big threat to banks. Because of the crypto currency, banks receive less profit. To enable banks to develop further into their feet over time, they need to implement Blockchain technology.
Decentralization is a threat to every industry as it currently stands. We've had no other way to do it but to trust a small group of people. Pinkdate is decentralizing escorting, watch out pimps!
A lot of people say so but right now bitcoin is just a small part of banks problem. Right now bitcoin does not pose any threat to the banks because people have not yet discovered the actual usage of bitcoin and they are probably continue to use it as an investment so banks are ok with that. In order to pose a threat for banks, millions of people have to use Bitcoin and I am not talking just about buying and holding it. They have to buy and use it for international transfers or different transactions so that they can close their bank account and use bitcoin. That's obviously not going to happen anytime in the near future but there is enough time for it.
bitcoin can pose a threat to the bank, if bitcoin is growing then people will save their money in the crypto currency purse. bitcoin can destroy the bank, that's why the bank is opposite to bitcoin.
Until now I have not seen any threat posed by bitcoin to the bank. The bank has been helped by bitcoin to improve its customers' transactions because when bitcoin holders want to cash out their assets they will exchange in the crypto exchange service and send the money from the exchange to their bank account. Only the transaction system used bitcoin better than the bank.
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
Indeed it does. It is better to invest in bitcoin than put it in a bank. Interest rates are so low in banks. That is why banks bad mouth bitcoin so people will invest in banks. If lucky enough 10years interest in a bank can be earned in a day in bitcoin if the price is right
What bitcoin does is threaten the monopoly of banks over money. If banks don't innovate drastically than they should be really worried as crypto currencies are here to stay and every day there is new innovation being made in this space. Banks wont be able to keep up with this pace of development.
Banks will stay since they are a prominent entity in the financial workings of a country. Doing away with them would certainly lead to a collapse eventually. Besides, banks makes things convenient for sending money and even cashing out. Most probably they would also incorporate the blockchain in their systems.
i think it is No, it all depends on the ability of their government way of thinking. In fact, if they can think further ahead they can facilitate bitcoin with their bank and the bank will benefit from the transaction fees incurred.
currently the development of bitcoin is much increased, in view in terms of its effect on perbankkan. some observers have conducted research on the positive effects and negative effects on the bank .. bitcoin is not a threat to the banking system. On the contrary, Bitcoin will be a new opportunity for banking.
Bitcoin will do what emails did to post mails. Try to get that first sentence a basis. At first people are rejecting emails. They don't know the capabilities of it. But since, we are evolving, it was clearly implemented.
Yes, it does. The most of power that a government presents comes from their ability to endlessly print money out of thin air
To a large extent, it does. The crypto world is a threat to banking system. A major reason why some countries are banning bitcoins because they feel it might affect the distributions of fiat currency. Bitcoin doesnt require the service of a functioning bank to operate. EVerything is virtually online, easier transactions and all.
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
I think not, what you say about kodak and music online is real. but it does not become very relevant in the comparison of bitcoin and traditional banks. because after all we are very aware in the life of banking is still very important and useful in administering administrative matters or other transactions. and the population of crypto holders is only a few percent of the human population who have access to banking
That is so called "Digital revolution", the world is ever changing and we need to ride to its flow. Otherwise, we lose something just as mentioned to the post. Virtual currency by far took the lead in the world of modernization and technology. However, at this stage, it has no power yet to dominate over those big financial industry after getting manipulated.
The situation is changed with the coming of online music and video industry and with this if we compare bitcoin and crypto currencies with banks i think banking industry is some thing different from online money and for it we have to use banks for depositing paper money and to use locker facility so we can change the priorities and digital money is different from banking operations and it's importance.
I reckon that it is big shot to the banks. As we all know, money begins to travel around the world with less barriers and higher speeds, we are in the internet world where money can move like information does today. And the bitcoin travel is based on decentralization and blockchain, but the banks rely on the institutions they built, of which operation and safety rely on the security the financials made. it could be risky. 
I don't think that the bank will disappear but with your comparison about the photo industry and the disc era where it has been obsolete. The threat is real for the banks about bitcoin and this is why there are some that are taking actions already. The money that should go to the bank are opposing it's way and goes through bitcoin and this will make the bankers to pissed due to the revenue that's possible to go to them but later on thanks to bitcoin and it's gone for them.
I guess somehow bitcoin pose a threat to small banks but in the major banks I guess they are not afraid with bitcoin. Small banks maybe threat by bitcoin because they can be replace by bitcoin and its wallets but in the major banks which has a much stable industry they will not be threat because they have a stable clients. Surely the major banks are just waiting for bitcoin to come to them and talk on how major bank can help bitcoin or we can say how bitcoin can corporate their business with those banks. Well the good benefits of all is what we are looking forward let us not think about a negative effects between bitcoin and the banks.
Just as the digital era, the photographic industry witnessed the bankruptcy of Kodak, the rise of online music, the disc has also been quickly eliminated, after the advent of bitcoin, the financial industry may also need to carry out major rectification. Will the bank disappear?
I don't think that any bank system will go down in future in any way because the main thing is that if cryptourrency are playing a big role for the earnings of the bitcoiners than at another side we have bank system as a part of cryptourrency to use bitcoin like Crypto. To handle perfectly .As we can see that most of the times when people feeling Panic to have Thier hodl then they sell Thier asset only for the bank money , so here it is directly showing that people have more trust with the banking system than with cryptourrency .
Cryptourrency in the present time are just mode of the transfer of your money from one person to another without the involvement of the third party .
So here bank are having much better future like equally that Cryptourrency market have .
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