Does bitcoin pose a threat to banks? - page 3.

cr7

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Quote from: auliasilvana on May 11, 2018, 04:37:12 AM

Quote from: tlkchain on January 26, 2018, 10:22:53 PM

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?

Banks do think that Bitcoin could pose a major threat to the Bank. As more and more Bitcoin recognizes the people who prefer to use Bitcoin instead of using the Bank. But even then I am sure that the bank will not disappear and stay on. It's just that banks will become the second after this digital currency.

Banks will not disappear, but will globally re-examine and change their infrastructure. For example, the implementation of blockchain technology, will destroy the fiat money and replace it with electronic currency.

harbin55

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Actually theres a possibility that bitcoin is a threat to banks because if the demand of bitcoin is getting better and better and have a lots of user of it or investors this will be affect the performance of the bank because of this sudden change in demands of their own customers or investors.

Anjing Lu

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I think anything that does not happen then there will be no problems with banks, almost all countries protect banks and even many banks owned by the state so that the position of banks will never be threatened.

Sir Legend

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Bitcoin is always a threat to the payment system including banks, this is because with bitcoin then everyone can control the money and function the same as the banks so people will not go to the banks and this certainly makes the banks lonely.

fritzwalter195

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yes unless banks find a smart way to cooperate.

jaocoincrypto18

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Quote from: tlkchain on January 26, 2018, 10:22:53 PM

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?

Bank will not disappear as the fiat will not be obsolete too because Bitcoin as a currency for now is not a user friendly specially to the poor in which mostly will never know how to use it unlike fiat that even children can use it instantly so as long as money will exist in this world then the banks will going to exist too. If ever the money will be supersede by Bitcoin then i think the banks will easily to shift from fiat currency banking to Bitcoin currency banking because the banks are already used to digital transactions so for me Bitcoin is not a threat to the banks.

Giftedcrypt

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I think bitcoin is not really a threat to the banks, all they need to do is ask how they can be integrated into the blockchain technology,because a block chain project like hydro has what the banks posibly need.. So it's not actually a threat to the banks

bololord

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Quote from: tlkchain on January 26, 2018, 10:22:53 PM

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?

Bitcoin and other crypto are always be a threat to the banks because they think if people truly embrace this new kind of technology the possible outcome people will switch to crytpo than using traditional way which we are saving our money to the bank. But for me bank will not disappear even if bitcoin recognize as one of the global currencies because not all the people know the existence of it.

rhenz01

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Quote from: pxo.011 on January 27, 2018, 02:32:14 AM

yes it is while many of other people dont know about bitcoin but if they do they would really invest in bitcoin than time investment in banks, and the bank was triggered by the crypto because the money will not roll to them

Agree bitcoin is really a big treat to banks as it affects the number of investor because people who invested in crypto will buy directly bitcoin unlike before that mostly transactions will passed to banks.

anisuzzaman99apu

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No. Bank does his work and Bitcoin do his work. No one compare each one. They are totally different.

david roman

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I think bitcoin pose as a threat to banks as a competitor in investment, bitcoin gets the attention of some people to invest with, rather than banks, but it cannot replace the traditional banks.

Shazxdx

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Its a thread to banks obviously. Look at the statements of all old rich men.

ebykamsiokoro

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Well, I'll say that the fact that all the bank CEOs are doing their best to burst the so called bitcoin bubble shows that it is indeed a big threat to the banks. If I were a bank CEO, I'd rather find a way to integrate bitcoin and blockchain into my business than try to deny it.

royromales

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I think it's hard, at least for government-backed banks it is a threat to banks that's why they are thinking of ways to make people think that investing in bitcoin no matter what type of transfer people prefer and the bank was triggered by the crypto because the money will not roll to them

priselive

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Quote from: tlkchain on January 26, 2018, 10:22:53 PM

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?

maybe in some measure, but if the banks cleverly arrive, then it will on the contrary raise them even better upward to stability

auliasilvana

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EndChain - Complete Logistical Solution

Quote from: tlkchain on January 26, 2018, 10:22:53 PM

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?

Banks do think that Bitcoin could pose a major threat to the Bank. As more and more Bitcoin recognizes the people who prefer to use Bitcoin instead of using the Bank. But even then I am sure that the bank will not disappear and stay on. It's just that banks will become the second after this digital currency.

reynilynedago

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Quote from: tlkchain on January 26, 2018, 10:22:53 PM

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?

To my opinion is not a threat if that happens so it means there will be adjustments to the needs of technological developments and the era and demands all also change along with the development of technology in other words do not eliminate but adjust to what is needed in the development of the era and technology.

zhanyiguai261315

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BTC users are free to transfer money and do not need the bank's participation so that the bank's service fee is avoided!

If more people use BTC, the bank's profit will be reduced!

Threaten the bank's survival!

elbimbo012

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Quote from: tlkchain on January 26, 2018, 10:22:53 PM

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?

crypto currency will affect bank earnings and profit of course but to make bank fades i think its impossible to happen.tjat is why most banking companies are trying to adopt and study block chain platform to be competitive in crypto currency

Colt81

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Quote from: tlkchain on January 26, 2018, 10:22:53 PM

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?

Maybe Bitcoin impose a threat against banks but not directly since it is not really the intention why Bitcoin was established because it is just intended to lauch an innovated version of the regular currency we already have. But I guess Bitcoin will not play to be a total threat to banks because there are still instances that Bitcoin can do afford to provide same as the banks. It is just about the purpose and the usage to be the dependent variable in this issue. So I think even Bitcoin was very fast rising, banks will not disappear since banks and Bitcoin is a different thing from each other in which they do have their own purposes.

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