Topic: the existence of possible bank will be replaced by bitcoin? - page 2. (Read 1259 times)

Bitcoin is not something to be impose to someone. Uses it who wants. Bitcoin replacing a bank would force the population to use bitcoin instead of another currency they could want to use. I believe bitcoin doesn't want it happens.
Each country can have its own currency and allow their population to use crypto currencies, there is no problem with this, everyone is happy.

I am not sure. bitcoin is not "enough" for all people around a country if the citizens are in high amount. beside that, there are old people who do not know technology or even do not really like to be in front of a computer. so I think they would not make it. if the government of a country who accept bitcoin would replace banks, I think they would not make it.

banks wont start accepting bitcoin. banks will use hyperledger.

but PEOPLE can choose to avoid banks and hold bitcoin instead.

in short.
WE DONT NEED BANKS!!!

banks will be held to regulations of only trading something they can 100% trade, control and audit. this will be a FIAT 2.0 done on the hyperledger.

people will use non banks to swap back into fiat2.0.. EG OTC(over the counter)traders/decentralsied exchanges

banks will in the future lose the retail market arena(consumer<->merchant spending). and banks will be used only for the tax payments to public services and treasury .. and behind the scenes private fiat market stuff like derivatives, bonds, etc.

to me in  future as much as the number of bitcoin users is increasing hope that banks will start thinking about how to start accepting bitcoin in banks. because in future bitcoin will the main currency of the people and will be using in all over the word equally.

banks wont disapear. however they will centralize.

EG
in the UK a few decades ago.

halifax,Lloyds,TSB,Bank of scotland

were all separate banks. but to save on having 4 bank branches per town. they all merged due to some mergers and acquisitions and become one entity.

barclays done the same taking over, woolich and even america's lehman brothers..

so although you WILL see less bank branches in the streets of your town. that does not mean there is less banking control over peoples lives. infact there is more.

barclays for instance is heading up/managing the payment system of Apple pay in the UK. (one touch payment)
barclays is going to go one step deeper and offer smartwatch/wristbands as more convenient methods of payment without having to type in values/destinations or even pin numbers.

and yes barclays is neck deep involved in hyperledger. so expect the new IMF (hyperledger) to be changing the banks background tech to hyperledger and for fiat2.0 to be smartwatch/applepay based payment methods. not requiring bank branches.

this is why bitcoin needs to stop trying to push user adoption via sales pitches. but to get devs to allow onchain scaling and also get devs to revamp hardware wallets to be more like NFC smart watches. so that bitcoin is useful and usable by anyone..

otherwise it wont compete against the tyrany of central banks

Bitcoin has already changed the banking sector. They suddenly started to invest millions into developing new technologies {like OpenLedger} to

go head to head with Bitcoin. Many banks have introduced "1 touch" banking solutions to speed up transactions and to make it more convenient.

So Bitcoin has bumped against these giants and they have acknowledge it's existence. Their solution to handle the possible threat... steal the

technology/idea, and give it a new name. {because they can}  

Banks may not get disappeared even if bitcoin get accepted as currency in most of the country. As bitcoin can't be regulated by government, they will not use bitcoin or accept it as national currency over their fiats. In future, bitcoin may get bigger portion of daily financial transaction which may not be bigger than what bank will be handling at the same time.

Banks are in existence for centuries and it will not be easy for any thing to take position of banks.

the existence of possible bank will be replaced by bitcoin?

it is possible for already almost as many countries use bitcoin currency, would naturally they will move on to bitcoin

bitcoin possible to replace the position of banks in each country that has received the bitcoin as a currency / means of payment?

let's give your opinion here !!