Why the Bank would no longer fit for the future?

Botnake

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Quote from: ethereumhunter on January 18, 2017, 01:09:52 AM

Quote from: strasboug on January 18, 2017, 01:02:46 AM

Bank will always exist as far as I understand, cybercoin can not complete replace bank. It can partially replace fiat, but will not be able to completely replace it. I can't image a only digital world, it will not exist.

maybe bank will be transformed for different function in future because if banks didn't follow with technology, then the banks can be disappear and people will not use banks for transaction and use other service like bitcoin. the future will be full with new technology, with or without we agree, because every time we see that new technology is born and introduce to people, so i think banks will follow with new technology and they will still be exist in the future, as long as people still use the banks for make transaction.

Banks cannot easily follow new technology because they are regulated by the government and they have the laws to follow. Bitcoin is very revolutionary but it does not mean that banks cannot have the same system, in fact they are planning to copy the system of bitcoin and make their own crypto like currencies.

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Quote from: strasboug on January 18, 2017, 01:02:46 AM

Bank will always exist as far as I understand, cybercoin can not complete replace bank. It can partially replace fiat, but will not be able to completely replace it. I can't image a only digital world, it will not exist.

maybe bank will be transformed for different function in future because if banks didn't follow with technology, then the banks can be disappear and people will not use banks for transaction and use other service like bitcoin. the future will be full with new technology, with or without we agree, because every time we see that new technology is born and introduce to people, so i think banks will follow with new technology and they will still be exist in the future, as long as people still use the banks for make transaction.

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Quote from: strasboug on January 18, 2017, 01:02:46 AM

Bank will always exist as far as I understand, cybercoin can not complete replace bank. It can partially replace fiat, but will not be able to completely replace it. I can't image a only digital world, it will not exist.

Well, if you want an idea about how we will go on when we are already digital just take a look at the movie "in time" starring justin timberlake... Most likely that's the scenario minus the exageration that if you run out of time you'll die... when everything is digital, you just have to swipe your bitcoin and you're done when purchasing..

With regards about the bank, no they won't disappear...They don't survive the test of time since before if they didn't make a lot of upgrades in their system...

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Bank will always exist as far as I understand, cybercoin can not complete replace bank. It can partially replace fiat, but will not be able to completely replace it. I can't image a only digital world, it will not exist.

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Quote from: Ryan Dugan on January 17, 2017, 06:21:50 PM

Quote from: cinchin on January 03, 2017, 03:43:52 AM

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

I agree with you ! Banks are not needed. People dont need them or want them anymore because bitcoin enables us to break free from that. It is great and liberating. This is a key aspect of bitcoin.

I partially agree with you guys but I think, not everyone is capable of using bitcoin or crypto currency today so complete shutdown of banks is not a good idea. I am sure banks will have their own blockchain technology and they will be using it for their transactions and it will take a decade or two for majority of the population to learn and adapt crypto currency in day to day life.

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Quote from: MWesterweele on January 17, 2017, 08:57:09 AM

Quote from: cinchin on January 03, 2017, 03:43:52 AM

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

Nope banks in the future will never disappear, Even theres an blockchain or any web wallet onlone people will always choose where there money are safer than using this not familiar wallet for them yes even the technology are upgrading. they still make bank disappear

yes and it can only happen when all the people of the world will start using bitcoin and it all most impossible in near future, therefore i also think that banks will survive for a long time and my be in far future it become possible and people convert banks account into online wallet.

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Quote from: Roger Burton on January 17, 2017, 01:46:33 PM

I don't really like to say something so sure. It can happened tho, if the economic situation is good and the end of the world won't come until summer and the btc keeps proving how good it is, yes it's very possible Wink

I want to happen something like this very soon.

Untrue. even if the economy starts to fall, banks will still exist, they are not just after the money and that transaction alone, they have transactions which is playing a role in the government. When economy starts to fail, we might not like it your country might be nearing a chaos.

Banks will always stay, they can improve their service and make some upgrade for the better, by that, for sure they are fit to be in the future.

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Quote from: cinchin on January 03, 2017, 03:43:52 AM

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

I agree with you ! Banks are not needed. People dont need them or want them anymore because bitcoin enables us to break free from that. It is great and liberating. This is a key aspect of bitcoin.

Roger Burton

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I don't really like to say something so sure. It can happened tho, if the economic situation is good and the end of the world won't come until summer and the btc keeps proving how good it is, yes it's very possible Wink

I want to happen something like this very soon.

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Quote from: Tanic on January 17, 2017, 10:04:53 AM

yes, bitcoin can replace such function of banks as keeping/saving money. but itis not the one function of the bank. Kredits/loans are also on the big demand today. I doubt that bitcoin will be able to replace this side of banks activity. so banks will not dissappear.

I could say bitcoin would be replacement for fiat currency in future and all the banks and finance companies will go with bitcoin and other digital coin revolution. To see the banking sector, you could search and see the Citi bank announcement about bitcoin.

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Quote from: Tanic on January 17, 2017, 10:04:53 AM

yes, bitcoin can replace such function of banks as keeping/saving money. but itis not the one function of the bank. Kredits/loans are also on the big demand today. I doubt that bitcoin will be able to replace this side of banks activity. so banks will not dissappear.

I agree with you, because bitcoins can become new currency can be used for transactions daily or global payment, doesn't mean will make banks will be disappear at least for today because the banks usually are part of countries, there are some banks be made by government of countries, it is mean the government of countries must be disappear too.

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yes, bitcoin can replace such function of banks as keeping/saving money. but itis not the one function of the bank. Kredits/loans are also on the big demand today. I doubt that bitcoin will be able to replace this side of banks activity. so banks will not dissappear.

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Quote from: Zadicar on January 17, 2017, 08:50:57 AM

Quote from: Pursuer on January 17, 2017, 08:21:28 AM

Quote from: lol3c on January 17, 2017, 08:00:27 AM

Quote from: romero121 on January 17, 2017, 07:38:29 AM

Quote from: SHAWN-MIDWAYS on January 17, 2017, 05:52:03 AM

I do not agree that banks will disappear because banks provide different services for its clients from loans, savings account, mortgages and easy secure money transfers, and unlike service providers like blockchain which have not got to be adopted by our governments... we shall still rely on the usual fiat services.

That's the true fact, banks still continue to be used as the financial supporters as well the backing of the country's economy. For this reason fiat won't be replaced by digital currencies which evolved as an alternate solution for banking needs, which is slowly spreading to make everything digitalized.

I also think that banks along with fiat currencies will continue to exist for a long time, not just because of the financial supporters, but the reason also lies in the fact that fiat money is somehow still the origin of bitcoin, and without fiat money, bitcoin won't have anything to compare with and it won't have any value then. Also, fiat money plays a big role in the economic world, so it's hard to change this.

I agree, and I do not understand why people on bitcoin forums are so dramatic about banks and fiat! you can never see this in real life or in anywhere else.
I mean I get how we all like bitcoin and are using it, and even many of us would love to live of bitcoin only but still we are happily using banks and fiat everyday without blinking and we want fiat gone, that is what I call paradox!

You are correct why people do keep insisting this kind of question related to banks and fiat and they are soo much affected on the creation of bitcoin which they are already thinking impossible scenarios might happen in the long run.I could say banks would still remain no matter what as long there is fiat it would stood still.Bitcoin is just an alternative and wont replace fiat.

Exactly it will not be replaced the fact that it was not yet well known in especially in our country. Maybe the reason why some concluding that fiats will just be over in bitcoin is When you got surrounded by people little by little from having 2 up to 10 colleagues or friends interested in bitcoin and whose also using bitcoin. Both of you dreamed more on using it over and over. It was fun to fantasized things when you really enjoys having it. Same with me it is much comfortable for me of bitcoin will be like our fiat that can use anytime anywhere.

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Quote from: cinchin on January 03, 2017, 03:43:52 AM

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

Nope banks in the future will never disappear, Even theres an blockchain or any web wallet onlone people will always choose where there money are safer than using this not familiar wallet for them yes even the technology are upgrading. they still make bank disappear

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Quote from: Pursuer on January 17, 2017, 08:21:28 AM

Quote from: lol3c on January 17, 2017, 08:00:27 AM

Quote from: romero121 on January 17, 2017, 07:38:29 AM

Quote from: SHAWN-MIDWAYS on January 17, 2017, 05:52:03 AM

I do not agree that banks will disappear because banks provide different services for its clients from loans, savings account, mortgages and easy secure money transfers, and unlike service providers like blockchain which have not got to be adopted by our governments... we shall still rely on the usual fiat services.

That's the true fact, banks still continue to be used as the financial supporters as well the backing of the country's economy. For this reason fiat won't be replaced by digital currencies which evolved as an alternate solution for banking needs, which is slowly spreading to make everything digitalized.

I also think that banks along with fiat currencies will continue to exist for a long time, not just because of the financial supporters, but the reason also lies in the fact that fiat money is somehow still the origin of bitcoin, and without fiat money, bitcoin won't have anything to compare with and it won't have any value then. Also, fiat money plays a big role in the economic world, so it's hard to change this.

I agree, and I do not understand why people on bitcoin forums are so dramatic about banks and fiat! you can never see this in real life or in anywhere else.
I mean I get how we all like bitcoin and are using it, and even many of us would love to live of bitcoin only but still we are happily using banks and fiat everyday without blinking and we want fiat gone, that is what I call paradox!

You are correct why people do keep insisting this kind of question related to banks and fiat and they are soo much affected on the creation of bitcoin which they are already thinking impossible scenarios might happen in the long run.I could say banks would still remain no matter what as long there is fiat it would stood still.Bitcoin is just an alternative and wont replace fiat.

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Quote from: lol3c on January 17, 2017, 08:00:27 AM

Quote from: romero121 on January 17, 2017, 07:38:29 AM

Quote from: SHAWN-MIDWAYS on January 17, 2017, 05:52:03 AM

I do not agree that banks will disappear because banks provide different services for its clients from loans, savings account, mortgages and easy secure money transfers, and unlike service providers like blockchain which have not got to be adopted by our governments... we shall still rely on the usual fiat services.

That's the true fact, banks still continue to be used as the financial supporters as well the backing of the country's economy. For this reason fiat won't be replaced by digital currencies which evolved as an alternate solution for banking needs, which is slowly spreading to make everything digitalized.

I also think that banks along with fiat currencies will continue to exist for a long time, not just because of the financial supporters, but the reason also lies in the fact that fiat money is somehow still the origin of bitcoin, and without fiat money, bitcoin won't have anything to compare with and it won't have any value then. Also, fiat money plays a big role in the economic world, so it's hard to change this.

Definitely that should be put into our mind, it's more smart and realistic than thinking bitcoin will rule and fiat will be replace. Bitcoin is not independent when it comes to value as without fiat it's worthless, the only thing that makes it more valuable is it's system that is very innovative to give people the best experience with cheap and fast transaction online, without our support with the governments rule to prohibit it, it will not continue to succeed.

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Quote from: lol3c on January 17, 2017, 08:00:27 AM

Quote from: romero121 on January 17, 2017, 07:38:29 AM

Quote from: SHAWN-MIDWAYS on January 17, 2017, 05:52:03 AM

I do not agree that banks will disappear because banks provide different services for its clients from loans, savings account, mortgages and easy secure money transfers, and unlike service providers like blockchain which have not got to be adopted by our governments... we shall still rely on the usual fiat services.

That's the true fact, banks still continue to be used as the financial supporters as well the backing of the country's economy. For this reason fiat won't be replaced by digital currencies which evolved as an alternate solution for banking needs, which is slowly spreading to make everything digitalized.

I also think that banks along with fiat currencies will continue to exist for a long time, not just because of the financial supporters, but the reason also lies in the fact that fiat money is somehow still the origin of bitcoin, and without fiat money, bitcoin won't have anything to compare with and it won't have any value then. Also, fiat money plays a big role in the economic world, so it's hard to change this.

I agree, and I do not understand why people on bitcoin forums are so dramatic about banks and fiat! you can never see this in real life or in anywhere else.
I mean I get how we all like bitcoin and are using it, and even many of us would love to live of bitcoin only but still we are happily using banks and fiat everyday without blinking and we want fiat gone, that is what I call paradox!

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Quote from: romero121 on January 17, 2017, 07:38:29 AM

Quote from: SHAWN-MIDWAYS on January 17, 2017, 05:52:03 AM

I do not agree that banks will disappear because banks provide different services for its clients from loans, savings account, mortgages and easy secure money transfers, and unlike service providers like blockchain which have not got to be adopted by our governments... we shall still rely on the usual fiat services.

That's the true fact, banks still continue to be used as the financial supporters as well the backing of the country's economy. For this reason fiat won't be replaced by digital currencies which evolved as an alternate solution for banking needs, which is slowly spreading to make everything digitalized.

I also think that banks along with fiat currencies will continue to exist for a long time, not just because of the financial supporters, but the reason also lies in the fact that fiat money is somehow still the origin of bitcoin, and without fiat money, bitcoin won't have anything to compare with and it won't have any value then. Also, fiat money plays a big role in the economic world, so it's hard to change this.

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Quote from: SHAWN-MIDWAYS on January 17, 2017, 05:52:03 AM

I do not agree that banks will disappear because banks provide different services for its clients from loans, savings account, mortgages and easy secure money transfers, and unlike service providers like blockchain which have not got to be adopted by our governments... we shall still rely on the usual fiat services.

That's the true fact, banks still continue to be used as the financial supporters as well the backing of the country's economy. For this reason fiat won't be replaced by digital currencies which evolved as an alternate solution for banking needs, which is slowly spreading to make everything digitalized.

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Quote from: cinchin on January 03, 2017, 03:43:52 AM

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

I agree but some people will rest assure that their money are safe so I can say that bank will still exist in the future but most of the people will use the bitcoin that will be happen if the bitcoin wallets add security features in sending and receiving in that way they can be catchy for people and the people will go to the bitcoin because they know that their money is safe in bitcoin. In that way the bitcoin will replace the banks in the future

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