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?
It is going to be a big threat as far as i can see banks are going to be removed in the system might not be going happen as most of the people are still using fiat currencies,but hopefully cryptocurrencies wont be going to come to their end!We should be more focused into something because it is going to eat our time and effort getting involved with this. 
Topic: Does bitcoin pose a threat to banks? - page 20. (Read 1914 times)
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?
Yes, Bitcoin pose a threat to the existence of banks. Bitcoin is decentralized system for worldwide payment which means it completes the transactions without the involvement of any intermediary. This very fact poses a threat to the banks as now when we have to make a transaction with the funds in our account it is done through the banks. Also, banks charge huge fees for providing such services which poses additional threat to it.
In my own opinion yes, because the company of bitcoins really creates a booming growth in our economy which is very good but in the banks it is really a bad thing.
It creates a big threat to them wherein they can replaced by this in future.
It creates a big threat to them wherein they can replaced by this in future.
I think that bitcoin really poses a threat to banks, let's see what the threat is, the first is that bitcoin does not have any commissions like banks, the second is tax-free, and the third is reliability, no one except you has access to yours savings
As Rick Falkvinge said, Bitcoin will do to banks, what email did to postal industry. It's not the fight against bitcoin vs banks but it's all about improving the traditional system of holding and spending the values with better efficiency. Banks were providing service but it was not up to the market and hence people started using crypto and it gained momentum in last few years. However, things are still in the basic phase of development and will take at least a decade to experience the actual efficiency of it.
I think digital currencies like bitcoin represent risks to the banking system. Digital currencies could undermine a bank's ability to influence the economy's price of credit
I'd say yes, bitcoin does pose a threat to banks.
Being able to transact directly in a peer to peer manner and surpassing any barrier and limits of traditional banking, who wouldn't want bitcoin over banks?
Plus the cheaper fees, nearly instant transfers, transparency and traceable transactions.
Bitcoin does pose a threat to banks economically.
Though, i doubt that bitcoin can radically take out banks since their primal purpose, design and execution are of two different things.
Being able to transact directly in a peer to peer manner and surpassing any barrier and limits of traditional banking, who wouldn't want bitcoin over banks?
Plus the cheaper fees, nearly instant transfers, transparency and traceable transactions.
Bitcoin does pose a threat to banks economically.
Though, i doubt that bitcoin can radically take out banks since their primal purpose, design and execution are of two different things.
blockchain by itself if a problem for banks and governments. They cannot control it.
Many banks now offer warnings about Bitcoin. The growth of Bitcoin has made the banking system more challenging. If you want to compete, the bank itself must upgrade, the fee must be balanced ... Or under the backing of the government, the bank must be encrypted to manage Bitcoin.
You did not remember to put it that the postal services suffered a great deal in the advent of electronic mail, so cryptocurrencies are expected to do same to banks. The banks already know this and that is why they want to do anything in collaboration with various governments to bring bitcoin down.
Bitcoin is independent from any central bank or any sort of manipulation by any government on the planet.
People who use and create Bitcoin are those who are in charge of its future.
People who use and create Bitcoin are those who are in charge of its future.
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?
Absolutely Yes bitcoin is threat to bank.Bitcoin makes every work like transfer and receiving easily at low cost and quickly.So many of them now migrating to bitcoin thus the usage of bank will be low this will affect the bank. 
Bitcoin will somehow threaten the bank. Currently, banks do not accept bitcoin payments. But if Bitcoin is firmly positioned in the world's currency markets, it is imperative that banks accept bitcoin payments. This caused a lot of problems for the bank. In addition to cash management, bankers must manage the system with bitcoin values.
If bitcoin would serve its purpose as an alternative payment system, I think it would.
But majority of bitcoin holders prefer to hold their btc instead of using it for actual transactions.
Banks would have offered low transaction rates but with bitcoins fees, I don't think it will be adaopted soon by companies.
But majority of bitcoin holders prefer to hold their btc instead of using it for actual transactions.
Banks would have offered low transaction rates but with bitcoins fees, I don't think it will be adaopted soon by companies.
The bank will not disappear, why do I say this? The world is changing with the introduction of technology but human nature is such that not all will and can adapt to the new way of doing things. There are still a loot of people out there who are adamant and will never yield to change. Again there are other people who can neither read nor write, how will those people cope with this new era of doing things? They still need to rely on others to do their monetary transactions thus the banks. For these reasons among others, I think the banks will continue to operate even though they may loose customers like you and I who understand blockchain and bitcoin and feel safe with it.
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?
Somehow though the banks thinks about that way i have noticed that in our banks here in our country because they tried to banned bitcoins here in our country but a lot of people disagree and they do not have a lot of evidence too. And they are afraid that the time will come that ethere will be no people will invest in the banks because the profits in bitcoins is way much better than banks because in banks you just gonna have almost less than 1% per year and bitcoins we all know their behavior per yer they rise and fall which is great for an investment
Although most economists believe that there is little risk to the stability of the economy, they also suggest that the government should take stronger control measures against the bitcoin, because Their anonymity can increase tax evasion as well as other criminal activities. The current policy is to suppress tax evasion and money laundering, so it's odd to leave the field. digitization is allowed out of control. is a threat to the bank.
yes ,, even the biggest threat to the bank,whereas in a company is a reasonable thing / usually have a rival, this tp instead want to crush bitcoin, instead of them (bank) create electronic money for bitchin competition,
I do not think so. Traditional banks have been around for a long time, helping people with their payments, transfers of cash, etc. It is managed by the state bank. Since the bitcoin was born, many developed nations around the world used bitcoin conveniently by paying for bitcoin services over the internet. Future bitcoin will grow in parallel with the bank, but bitcoin does not threaten traditional banks
No. it is not. Bank do bank work. Every people need money. There are so many things in the world that money is not possible without money.
So the bank is in its place. Bitcoin in his place.
So the bank is in its place. Bitcoin in his place.
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