Topic: Is banking still important in the bitcoin era? - page 14. (Read 2285 times)
THis is the biggest problem the cryptocurrencies has to fight in the future. THe banks! Because the banks will not lose their controll over the money because of a cryptocurrency system. So they are afraid to lose their power and money, and thats why they would 100% do everything what it needs to bring cryptocurrencies down. SO we can expect a real war in future between cryptocurrencies and the banks. And i really hope the cryptocurrencies will win.
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
In my own personal opinion, i think banking is not important in the bitcoin era because bitcoin do not need banks to store them. I think bitcoin era will take a long time before it happens because there are still countries and governments who still do not accept bitcoin. 
Financial institutions are not going to disappear, crypto or not. The are an essential, integral part of the current economic system. Retail banking is just a small part of it, financial institutions providing capitals for corporations are much more important, and crypto is of no danger for them.
The entry of Crypto currency into market trading still need the financial institution. Does the local business transaction would still requires the banking system in local trading. It wont eliminate the Banking system with the growing interest on Bitcoin investment, A lot of financial institution were looking into the Regulation issues were Bitcoin transaction would be regulated base on the mandate on Laws about trading transaction. Once this issues were address, we can see the more investor participating into the Bitcoin transaction on the trading market.
Even bitcoin is very popular in the digital world but still banking is important in the bitcoin era, in banking there are still people who make sure their money is secured in the bank even without big interest,
bitcoin era is too long to made that come true because no nation and bank institution acknowledging to support bitcoin currency.Right now they need the support of banking institution to deposit and widhrawal to our business transaction.
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Of course, Bank is still important in the bitcoin era. maybe the big banks will have a new crypto. because the crypto is the future technology, so the banks should create a new crypto.
Banks are still important for those that are unaware of cryptocurrencies. But for us who know bitcoin and other altcoins, we see banks as a big lie and a great deceiver. They aren't important to us anymore.
The roles of banking will always be important at any time, and with that it is certainly reasonable to argue that the state regulates banks that mostly contain protection against banks, even though bitcoin transactions continue to rise but I'm sure this has never reduced the role of banks, so banks always be important anytime.
What's the use of banks if everyone can transact on their own? we have to know is the times have changed and now we can not rely on all things on the banks let alone transactions in the banks need more expensive cost than bitcoin.of course they need the Banks to withdraw their money. So until now, the Bank is still an important thing in Bitcoin era.
To some setting extend bank may still be relevant provided government continue to make used of Fiat for individual country in the world.The only situation in which bank would not be relevant in bitcoin era is when all the nations of the world go crypto and drop the uses of Fiat.
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Yes banking is very important, specially through our online working like this bitcoin we are almost needed a banking system to keep our money safe from the dangerous hacker. And this coming new generation, we are all doing our money transaction via online banking, so banking is very important not only now but in all the way banking is our life through bitcoin.
Any time, there is a bank. It was a bitcoin era. If there is no bank, then the money of the state, the state and the people will be stored and how the transfer. And where will the financial evaluation of a country be based?
In my opinion, although the bitcoin era has developed, banks still need it. Bitcoin transactions between traders when paying money must also be made via bank transfer. Moreover, a country will retain a unified currency, so the bank will be the place to trade.
Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Of course, banks will never be obsolete and cryptocurrency will never have the capacity to kill it. Banks became successful all because of the human's psychology... not all are brave souls to put their money in a place without somebody to blame when it vanishes. well, that's where banks come handy.
A country's economy still needs banking today, and Banks will not be shut down by bitcoin in the future.
People are still happy to use debit and credit CARDS.
Yeah I agree on you as the banks has a connection with the government.People are still happy to use debit and credit CARDS.
Because bitcoin exist, doesn't mean we need to shutdown bank, instead, if a country want to implement cryptocurrency system to their country, they will make it centralized and bank will be the one instance to save money safely.
Banking is all about the financial administration, without banking none of the government will function in a better way. Maybe they have flaws in the functioning, but they're much in need for a country and other needs. Even now bitcoin has got dependence upon the fiat system, which shows the need for banking.
The definition of banking if people missed it is "the business conducted or services offered by a bank." , and most of these services mean transporting and conserving your money in total security , yet with the blockchain technology and the Ledgers all of this can be done without any need of any banks at all , yet the "banking system" is still there even if there's no bank at all . So like bill gates said in 1994 , we need banking systems but we don't really need banks and thanks to the blockchain technology such statement can turn into reality .Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Yes, I think. The bank is still very important in the bitcoin era. because the bank has its own role in a country, its small example as a container for lending capital, other credits and as its. I predict the big banks will create a new crypto.
I agree with you, and maybe it was undebatable.. Banks still very important until now, where would you save your money? access a credit? Industrial and real estate loans are depend on a bank too, i think a country will collapse if their main banks are gone. i guarantee that
Absolutely still important in my opinion, because of the banks itself already have many regulations that different for each country. Payment system that like credit card, VISA, etc. All of them already rooted beneath our world economy system. Banks still could help us in this life.
of course the bank will remain important and necessary because there are still some people who do not like bitcoin and they keep their money in the bank and I think there are still many transactions that still use the bank
Sure, that bank still plays its role but I don't think that it is really great nowadays. As for me, the role will be less important if the crypto will take its position. I am sure that the bitcoin era will soon take place
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