Topic: Soon we would not need banks - page 17. (Read 3735 times)
I agree with this.. For now I am using online wallet instead of bank acount because here in my country has a online wallet that connects to atm's and you can withdraw without card.. Well that's amazing right? That's why i love using online wallet. And also i feel safe
Regardless who and what thinks about the expediency of the continued existence of banks, banks are primarily needed by the state. The state finances the economy, pays salaries to workers in budgetary sectors, implements any social programs only through the banking system. In fact, state-owned banks have become part of the state system. Therefore, banks will always exist, at least, as long as the state exists.
Indeed, in my opinion, bitcoin does not need a bank, the bank will only give a loss to the money, let alone bitcoin enter the bank, so there will be a lot of pros and cons of it ...
Bitcoin technology can only be our banks if there is guaranteed security about this market. Who wants to put there money where there is no regulating body? I don't think banks will die because they provided so many good things though I don't agree with their current system but I think we still need banks for good. 
I don't think the bank will be removed from the system. because they are currently studying blockchain and cryptocurrency. when cryptocurrency has become a world currency and all countries recognize it as a legitimate currency, Maybe some banks will evolve, and banks will use blockchain technology, continue to work with cryptocurrency.
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
I disagree on that speculation i'm loyal cryptocurrency ethusiasm but bank of fiat are very stable in term of the regulations and bank are controlled by the world government
Cryptocurrency have need to learn how to become centralized and stable their price as volatile currency in this way there have possible to cryptocurrencies to tie up in the fiat bank to become helpful for the economy groew of each nation.
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
in my country bitcoin is banned because it does not use the bank in its transactions, all hope that bitcoin will be able to cooperate with the government and the country which results in good cooperation to get better results
I always think of the following situation when you want to buy something very expensive online with BTC instead of Fiat: If you only pay a transaction fee of $2 for a work of art worth $ 50.000, the fee is practically zero. But if you pay two or three percent Fee for a work of art this value, then the prices can rise a lot >> $ 1000 or $1500 . ( Fiat ) and that's exactly why crypto and BTC will live on and succeed in the future.
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
I think its not as simple as that. Although we can not deny that bitcoin is really change our paradigm on financial system, but to holistically remove banks from our financial system is something that can not be done in just one day, it will take a lot of time, courage, and many more. The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
Source? Who is the "CEO" of bitcoin cash? Roger Ver maybe? If yes lock the topic and pass, no need for further discussion 
If above statement of the op is to become true; we must have to suppose that fiat currency is no more in existence. But I do not see that fiat will be ending in near future. Because even if the crypto usage increases to 100% of people of the world still they will have to keep some fiat for emergency circumstances. So I do not see that banks are going to finish in near future say about 20-25 years.
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
People can say that but in reality, people still needs banks to stored their money and banks reserve a safety though. I think banks still needed by all people around the world and bank gives you interests but on blockchain or cryptos, it's not give you interests per months. So yeah, it's a plus and minus.There is a possibility that time will come we don't need banks anymore if and only if bitcoin and the rest of cryptocurrencies is easy to use for most of people. Another is that there are still countries who are banning cryptos much even more that they know it will be a threat to the banks that they (government) owned.
Yes i also believe on that. I beleive that we can considered crypto as a bank in the future. If the bitcoin will soon rise and it will modified and modernize in the future. I believe that we don't really need bank in the near future. And I believe that many people will use crypto than banks specially the crypto now is slowly rising. 
There is a possibility that time will come we don't need banks anymore if and only if bitcoin and the rest of cryptocurrencies is easy to use for most of people. Another is that there are still countries who are banning cryptos much even more that they know it will be a threat to the banks that they (government) owned.
Indeed, in my opinion, bitcoin does not need a bank, the bank will only give a loss to the money, let alone bitcoin enter the bank, so there will be a lot of pros and cons of it ...
creepy for people who are accustomed to keeping their assets in official institutions, there is a sense of insecurity when only storing large amounts of assets in private.
all responsibility is borne by that person and even if it makes a fatal mistake when talking about crypto assets.
I agree with this, but banks still have to exist because they also become the basis of state and foreign exchange taxes. If all things can be controlled by individuals, the country will experience inflation for some economic sectors.
all responsibility is borne by that person and even if it makes a fatal mistake when talking about crypto assets.
I agree with this, but banks still have to exist because they also become the basis of state and foreign exchange taxes. If all things can be controlled by individuals, the country will experience inflation for some economic sectors.
Do you have any source about your saying? Please give us link to read more. Thanks
I think it is impossible. Banks are just so important for every country's economy. We lend money to it in order to create or buy our needs and wants. If banks will end soon,where will you get your income in bitcoin?
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
Well, either we will using crypto or fiat, we still using a bank in the future. If we using crypto, there will be crypto banks.
If you said we will not using fiat money anymore in the future, it would be plausible because when we are convenient to use crypto, we won't need fiat anymore.
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
Sure? Is there any proof like a link, so we can witness as well. But in my perception, I believed it will come to the future that the whole world will be use crypto which is the result of the evolution of technology, but it takes a long time before it can be happened.Banks will always exist as they are the part of the state. Fiat will be used as well. Even the cryptocurrencies will have the crypto banks as it is very convenient simply.
The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
For me we still need banks. Many people still don't kjow about cryptocurrency. And many people also are afraid to enter it. So the dream of a crypto world is still far beyond.
I don't think so it is going to happen, first reason is that, because not every country will accept bitcoin. Second one is that, not all people are preferable to use bitcoin that's why they are using bank, may be because they are much comfortable of using banks. It is only just my opinion 
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