Why the Bank would no longer fit for the future? - page 4.

grandy

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Quote from: Qartersa on January 03, 2017, 09:56:29 AM

Quote from: Zadicar on January 03, 2017, 09:53:06 AM

Theres a possibility that this thing will surely happen on the future but we cant be still assure that banks will vanished since they will definitely still exist and developed even more since government will surely allow it if banks would decide to make electronic online transactions.It does still depend on which country you live in.It depends on their decision if they would adopt or not.

I don't think banks will disappear in the future. Maybe it will, but most likely it would not happen as banks serve a great purpose in the financial world and in all societies. I agree with the government allowing banks to create digital currency. This could happen. Digital currency that is controlled by banks. Online bank is somehow evolving into a digital currency. So this could be the future of banks.

i also agree with you banks are not going to disappear, but their importance and their uses will decrease with the passage of time. because in future most of the people will turn to bitcoin and few people will be using fiat but i think still it will take a lot of time.

CoinFoxs

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We only see these types of thing happen in dream :p I don't think so bitcoin will replace banks because banks have cover a very large area and banks are available 24/7 for their users and people have more trust on banks than bitcoin wallet, because if you lost your money from bank you can claim your bank and when you lost money from online wallet then no one there who recover your lost money.

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Quote from: Xester on January 14, 2017, 08:34:33 AM

That will not happen. Banks are now integrating blockchain based technology in the banking system. Sooner or later we will be surprised that fiat digital money will be the future of banks. China has made the first move by releasing its prototype fiat virtual currency on September 2017. So saying that banks will not fit, it is no longer applicable.

Since somebody had already started the revolution, soon others will follow. If their digital currency materialize and really work out fine, it will be a model to other country. Aside from that, banks as mentioned in the other threads, don't just deal on keeping money or releasing it, they are doing transactions more than that.

Xester

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That will not happen. Banks are now integrating blockchain based technology in the banking system. Sooner or later we will be surprised that fiat digital money will be the future of banks. China has made the first move by releasing its prototype fiat virtual currency on September 2017. So saying that banks will not fit, it is no longer applicable.

BlackPanda

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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

because in the future more people choose the easy way. they want a payment method that is cheap and also fast. BANK are analog and are not growing rapidly. for some people BANK is very difficult to use.

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Quote from: Mr.Nath on January 03, 2017, 11:52:58 AM

You are absolutely correct bro.....

The banks are fast losing out with their low Monthly interest rates. People are becoming wiser. It's just a metter of time before people get exposed to the potentials in bitcoin.

As the world revolves with modern innovation of technologies then theres no reason that bank no longer fit the future.If the people are more wiser and adopting the modern use of money and its easy to use rather than in the bank then there is a possibility that bank will vanish in the future.

Mr.Nath

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You are absolutely correct bro.....

The banks are fast losing out with their low Monthly interest rates. People are becoming wiser. It's just a metter of time before people get exposed to the potentials in bitcoin.

xIIImaL

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Quote from: Zadicar on January 03, 2017, 09:53:06 AM

Theres a possibility that this thing will surely happen on the future but we cant be still assure that banks will vanished since they will definitely still exist and developed even more since government will surely allow it if banks would decide to make electronic online transactions.It does still depend on which country you live in.It depends on their decision if they would adopt or not.

The news announced by Citi bank by last month was about bitcoins. They said bitcoin could be the revolution for banking system. So this is showing that banking system or government may accept the bitcoin soon.

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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

We are far away from a world where banks should be disappeared. Do you believe bankers will keep their fingers crossed and wait bitcoiners to take over the keys? In addition you mention the Coibbase. I believe that you told it as a joke. Do you know coinbase policy and complaints of its customers? http://www.complaintsboard.com/coinbase-b125588 and http://bittrust.org/coinbase and many others if you spend a few minutes to search.

Wandering Soul~

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Quote from: coskunz on January 03, 2017, 10:31:31 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

Of course, When we are using crypto currency for payment and purchase it means we do not need banks as payment center .
The bank will not be useful for us so The bank will disappear from the planet and we don't have any concept of bank anymore.

Lol . The use of banks to us is not limited by being payment centers . It has a wide uses that helps an individual to even the larger ones like the country itself or its government so I don't see it disappearing anytime soon, It might just adapt to the world itself. Plus don't forget that banks existed for a long time ago this proves that people needs it . Since no one knows the future, everyone can make a speculation regardless if its proof supported or not, Who Knows it might come true Cheesy

franky1

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Quote from: oblivi on January 03, 2017, 09:45:22 AM

Core does not centralize, it is what keeps us decentralized. Having a decentralized network where nodes are spread and everyone can run their nodes even from your mom's basement, is an expensive thing, this does not come at a price. Building on top of this decentralized network is the best thing we can do. If you are paranoid that LN is "centralized" you can always pay more and wait more to send a transaction directly through the blockchain, but stop dreaming with magical koolaids like Bitcoin Unlimited and other scams.

wake up

1. the fee is going up because of mechanisms implemented by core to push the prices up. done intentionally
2. they want you to move over to LN, again intentionally
3. they are holding onchain scaling back to push that agenda of intentionally taking away the freedom of bitcoin and reduce it to commercialised permissioned system.
4. the equipment cost to run a node is not anything more than a desktop. infact bitcoin would run on a raspberry pi
5. distribution vs decentralization are 2 separate things.bitcoin is wll distributed, but diverse and decentralized. hell know..
6. by calling everything not core a scam. you are proving bitcoin is not decentralized and proving you dont want decentralization. so how about be honest and just use the word distributed, so you can atleast say one honest thing about the way you see bitcoin

coskunz

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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

Of course, When we are using crypto currency for payment and purchase it means we do not need banks as payment center .
The bank will not be useful for us so The bank will disappear from the planet and we don't have any concept of bank anymore.

Zadicar

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Quote from: Qartersa on January 03, 2017, 09:56:29 AM

Quote from: Zadicar on January 03, 2017, 09:53:06 AM

Theres a possibility that this thing will surely happen on the future but we cant be still assure that banks will vanished since they will definitely still exist and developed even more since government will surely allow it if banks would decide to make electronic online transactions.It does still depend on which country you live in.It depends on their decision if they would adopt or not.

I don't think banks will disappear in the future. Maybe it will, but most likely it would not happen as banks serve a great purpose in the financial world and in all societies. I agree with the government allowing banks to create digital currency. This could happen. Digital currency that is controlled by banks. Online bank is somehow evolving into a digital currency. So this could be the future of banks.

Thats the thing on my mind on which banks would hardly disappear in near future infact they will definitely build their own system and you are right banks do play a big role in economic state on a particular country thats why it would be really hard if they would vanished completely.This is really an nearly impossible thing to happen.

BigBoom3599

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Quote from: anonbit992 on January 03, 2017, 10:17:25 AM

Quote from: Tanic on January 03, 2017, 10:02:48 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

The technology of Blockchain is not totally clear to me and I don't even imaging the world without such old institute of our life as banks. I think they always will have place to be.

I believe in Blockchain technology and that it will have a bright future but I don't think Banks will be replaced by it or Banks will die out in future. Banks will be there in future, they will offer more services but we can see more people using bitcoin and other crypto currencies to transfer value.

Agreed, In a crypto world the main purpose of banks would shift from "the place to store money" to e.g. "the place that invests your money" or "the place to go to for borrowing money".

anonbit992

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Quote from: Tanic on January 03, 2017, 10:02:48 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

The technology of Blockchain is not totally clear to me and I don't even imaging the world without such old institute of our life as banks. I think they always will have place to be.

I believe in Blockchain technology and that it will have a bright future but I don't think Banks will be replaced by it or Banks will die out in future. Banks will be there in future, they will offer more services but we can see more people using bitcoin and other crypto currencies to transfer value.

Tanic

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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

The technology of Blockchain is not totally clear to me and I don't even imaging the world without such old institute of our life as banks. I think they always will have place to be.

BigBoom3599

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Quote from: oblivi on January 03, 2017, 09:45:22 AM

Quote from: numismatist on January 03, 2017, 03:52:58 AM

Quote from: franky1 on January 03, 2017, 03:48:05 AM

and yet core devs think LN hubs (bank2.0/paypal2.0) is the future of bitcoin

soon starbucks LN hub will be the bank of the future. requiring starbucks to authorise all transactions while starbucks hops the 'funds' to other entities

onchain should be the only solution. otherwise bitcoin is not solving anything, but just pushing fnd managers into commercial hands

Exactly like that. There isn't a single soundfull promise left from Bitcoin. It's neither decentralized (miningpools do control it) nor funny anonymous internet money (ask DreadPirateRoberts about that) nor fit for ecommerce on a grand scale (transaction wise). Even the Mining/Production has left the user's hands.
And now bank2.0/paypal2.0 incomming Undecided

Core does not centralize, it is what keeps us decentralized. Having a decentralized network where nodes are spread and everyone can run their nodes even from your mom's basement, is an expensive thing, this does not come at a price. Building on top of this decentralized network is the best thing we can do. If you are paranoid that LN is "centralized" you can always pay more and wait more to send a transaction directly through the blockchain, but stop dreaming with magical koolaids like Bitcoin Unlimited and other scams.

Wait, wait, wait,... are you saying BU is a scam???
Bitcoin Unlimited is just a proposal for bigger blocks... How are bigger blocks going to steal your money? If anything bigger blocks would mean lower tx fees... I'm not saying bigger blocks are the way to scale, but please do your research before posting, or give some arguments why you think something might be a scam.

Qartersa

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Quote from: Zadicar on January 03, 2017, 09:53:06 AM

Theres a possibility that this thing will surely happen on the future but we cant be still assure that banks will vanished since they will definitely still exist and developed even more since government will surely allow it if banks would decide to make electronic online transactions.It does still depend on which country you live in.It depends on their decision if they would adopt or not.

I don't think banks will disappear in the future. Maybe it will, but most likely it would not happen as banks serve a great purpose in the financial world and in all societies. I agree with the government allowing banks to create digital currency. This could happen. Digital currency that is controlled by banks. Online bank is somehow evolving into a digital currency. So this could be the future of banks.

Zadicar

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Theres a possibility that this thing will surely happen on the future but we cant be still assure that banks will vanished since they will definitely still exist and developed even more since government will surely allow it if banks would decide to make electronic online transactions.It does still depend on which country you live in.It depends on their decision if they would adopt or not.

oblivi

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Quote from: numismatist on January 03, 2017, 03:52:58 AM

Quote from: franky1 on January 03, 2017, 03:48:05 AM

and yet core devs think LN hubs (bank2.0/paypal2.0) is the future of bitcoin

soon starbucks LN hub will be the bank of the future. requiring starbucks to authorise all transactions while starbucks hops the 'funds' to other entities

onchain should be the only solution. otherwise bitcoin is not solving anything, but just pushing fnd managers into commercial hands

Exactly like that. There isn't a single soundfull promise left from Bitcoin. It's neither decentralized (miningpools do control it) nor funny anonymous internet money (ask DreadPirateRoberts about that) nor fit for ecommerce on a grand scale (transaction wise). Even the Mining/Production has left the user's hands.
And now bank2.0/paypal2.0 incomming Undecided

Core does not centralize, it is what keeps us decentralized. Having a decentralized network where nodes are spread and everyone can run their nodes even from your mom's basement, is an expensive thing, this does not come at a price. Building on top of this decentralized network is the best thing we can do. If you are paranoid that LN is "centralized" you can always pay more and wait more to send a transaction directly through the blockchain, but stop dreaming with magical koolaids like Bitcoin Unlimited and other scams.

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