What would happen to banks? - page 10.

awik p

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Quote from: Bitfling on February 01, 2019, 01:18:22 AM

Quote from: Natalim on January 31, 2019, 09:30:24 PM

Quote from: Valhalaa on January 31, 2019, 08:52:03 PM

Quote from: andika2018 on January 31, 2019, 08:45:26 PM

I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction

really in terms of anything the bank will remain above cryptocurrency, because banks have clear rules than those on the blockchain
security and responsibility also to the government while the blockchain is only its own responsibility

That's true, we cannot beat the bank because they are run by the government and this world is also.
Blockchain is a great invention but crypto coudl be not, as when the government chooses their own and just use the blockchain
they can make crypto illegal or comply with the law that will only eliminate the decentralization.

Government or central banks can create their own cryptocurrency to ban or prohibit bitcoin. I still believe central banks is too powerfull in our current economic system. Banks will adopt blockchain technology but to replace fiat money with bitcoin, i think its too far and need a long time

I agree. moreover banks are under government supervision and of course the government still has a lot of calculations to use bitcoin. of course there will be a new policy from the government, we will wait later. but at least with the acceptance of the blockchain making the development of bitcoin, where many countries will enter it on the stock exchange

Bitfling

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Quote from: Natalim on January 31, 2019, 09:30:24 PM

Quote from: Valhalaa on January 31, 2019, 08:52:03 PM

Quote from: andika2018 on January 31, 2019, 08:45:26 PM

I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction

really in terms of anything the bank will remain above cryptocurrency, because banks have clear rules than those on the blockchain
security and responsibility also to the government while the blockchain is only its own responsibility

That's true, we cannot beat the bank because they are run by the government and this world is also.
Blockchain is a great invention but crypto coudl be not, as when the government chooses their own and just use the blockchain
they can make crypto illegal or comply with the law that will only eliminate the decentralization.

Government or central banks can create their own cryptocurrency to ban or prohibit bitcoin. I still believe central banks is too powerfull in our current economic system. Banks will adopt blockchain technology but to replace fiat money with bitcoin, i think its too far and need a long time

Natalim

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BTC to the MOON in 2019

Quote from: Valhalaa on January 31, 2019, 08:52:03 PM

Quote from: andika2018 on January 31, 2019, 08:45:26 PM

I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction

really in terms of anything the bank will remain above cryptocurrency, because banks have clear rules than those on the blockchain
security and responsibility also to the government while the blockchain is only its own responsibility

That's true, we cannot beat the bank because they are run by the government and this world is also.
Blockchain is a great invention but crypto coudl be not, as when the government chooses their own and just use the blockchain
they can make crypto illegal or comply with the law that will only eliminate the decentralization.

Valhalaa

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Quote from: andika2018 on January 31, 2019, 08:45:26 PM

I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction

really in terms of anything the bank will remain above cryptocurrency, because banks have clear rules than those on the blockchain
security and responsibility also to the government while the blockchain is only its own responsibility

andika2018

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Activity: 700

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I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction

biskitop

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I don't really like the bank system, especially in terms of lending and saving. why should there be bank interest which in my opinion is too burdensome. whereas if we store in crypto, our money has no bank interest and precisely the value can grow.

jcarlo

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Banks will adopting and take advantages on cryptocurrency market. Banks have a lot experience in financial sector and i think bank will survive despite cryptocurrency market growing. Beside adoption on blockchain technology, i am believe bank will involve in cryptocurrency transaction

Ezenwanyi1

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Veil

The post is very educative and informative as well.
You did well poster.
I usually laugh when some people say that banks would go into extinction in the future because of cryptocurrency.
What these set of people do not know is that every business do try to adjust to changes to suit their teeming customers from time to time.
And that goes to show that should Cryptocurrency take over , banks would also change gear and adjust.

sidkz

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Perhaps in some future, the banks will also transfer partially, or completely to a cryptocurrency, they will have no choice if the majority of people use the cryptocurrency, and this will happen soon

ildario_n

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Blockchain for PLANTS (www.industrial.markets)

Banks are the chain dogs of the government. They will not disappear anywhere, I assure you

St4yInTh3D4rk

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"STAY IN THE DARK"

Quote from: Vaculin on January 30, 2019, 12:04:22 AM

Quote from: St4yInTh3D4rk on January 29, 2019, 03:03:55 PM

Quote from: zemper on January 29, 2019, 12:44:04 PM

I suppose that banks will easily adopt cryptocurrencies technology. Furthermore, banks can also promote popularization of cryptocurrency offering different services. So, it would be unlikely for banks to disappear in nearest future.

But why they need to do,if the crypto currency becomes main stream currency then we just need our wallets to store any amount of money with high security.They are not going to promote anything because cryptos were made for decentralized means to kill centralized traditional banking system.

If they will allow to get killed, they will fight for the centralized system as they have invented it and people are getting used to it.
Decentralize is more transparent and it's quite new to most of us, people will prefer those that are safe and that's easy to use.
Crypto is quite complicated for an average joe.

But the fact is decentralized system is more secured than centralized one and it is not much hard technology to use it because people no need to understand it if they want to use it.

Or how many of the people in this world knows how money was made and why we are using it?

zoisonfire

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In my opinion, the banks will still be active since we still needs a fiat money in our traditional markets, and also for sure many banks will be adopting the changes and they will evolve also depending on market.

Vaculin

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Winding down.

Quote from: St4yInTh3D4rk on January 29, 2019, 03:03:55 PM

Quote from: zemper on January 29, 2019, 12:44:04 PM

I suppose that banks will easily adopt cryptocurrencies technology. Furthermore, banks can also promote popularization of cryptocurrency offering different services. So, it would be unlikely for banks to disappear in nearest future.

But why they need to do,if the crypto currency becomes main stream currency then we just need our wallets to store any amount of money with high security.They are not going to promote anything because cryptos were made for decentralized means to kill centralized traditional banking system.

If they will allow to get killed, they will fight for the centralized system as they have invented it and people are getting used to it.
Decentralize is more transparent and it's quite new to most of us, people will prefer those that are safe and that's easy to use.
Crypto is quite complicated for an average joe.

St4yInTh3D4rk

sr. member

Activity: 686

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"STAY IN THE DARK"

Quote from: zemper on January 29, 2019, 12:44:04 PM

I suppose that banks will easily adopt cryptocurrencies technology. Furthermore, banks can also promote popularization of cryptocurrency offering different services. So, it would be unlikely for banks to disappear in nearest future.

But why they need to do,if the crypto currency becomes main stream currency then we just need our wallets to store any amount of money with high security.They are not going to promote anything because cryptos were made for decentralized means to kill centralized traditional banking system.

zemper

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I suppose that banks will easily adopt cryptocurrencies technology. Furthermore, banks can also promote popularization of cryptocurrency offering different services. So, it would be unlikely for banks to disappear in nearest future.

jimskiy

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Bitway.net - The Best Bitcoin Mining Network

If you have much money never save or hold your money at the bank, you can trying for investing your money at investment kind, you can buy property, gold or other investment because your money will have higher value at the future.

kkaroul4

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Betking.io - Best Bitcoin Casino

Quote from: Aris novianto on January 14, 2019, 05:55:54 AM

Bitcoin in this year can't spend money banks, because bitcoin's income is declining, now I have never taken money in the bank from the results of bitcoin, now I am experiencing a lot of losses

it is true now that it is very difficult to benefit from bitcoin so that it is difficult for us to take money in the bank, but for its own loss it depends on how we are running at the current market

virasog

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Leading Crypto Sports Betting & Casino Platform

Quote from: lotusgetsugen on January 14, 2019, 05:51:16 AM

a business needs an innovation to survive also business needs a adaptation to the current trends in the industry for them to survive also if cryptocurrency will overtake that industry they also need to innovate something or just adapt for them to be still in the market. But banks are still banks many people and businesses still believes on it.

Every thing takes time to change and so will the crypto currency will take time to replace the fiat. When there will be no Fiat, they will be no need of banks so the banks will automatically be closed. Of course banks will not run if no one uses the paper money and the world is shifted to digital currency.
For me, the Futue of banks is not secure.

Tylev

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Quote from: mariah.sadio on December 28, 2018, 06:39:52 PM

I agree with your thought. Banks have many different and unique ways to adapt a currency. If ever cryptocurrency replaces fiat currency, banks will only just make cryptocurrency be used as their primary money that will be debitted and creditted to the account of their clients. It can also be used as investment.

Nothing can happen to banks. They will work and flourish in any currency and cryptocurrency. Cryptocurrency can never replace the national money of the states, it is simply not capable of it. Cryptocurrency also does not represent any threat to the existence of banks. However, if such a threat appeared, the state would destroy everyone from whom such a threat would arise. After all, banks, and first of all state banks, are in fact part of the state itself. Without them, the state will not be able to fully function.

romero121

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Vave.com - Crypto Casino

Banks were the basic financial system helping with majority of the fund management all around the globe. Particularly if banks weren't existed the financial infrastructure might have collapsed. Same time they make the people suffer with our own money. This will be eliminated with our cryptocurrencies. Another thing banks will start adopting blockchain technology which will help having our own funds in our hands.

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