Bitcoin Forum

Other => Beginners & Help => Topic started by: Mcpit on April 27, 2013, 04:14:21 PM



Title: Imagine a world with no banks
Post by: Mcpit on April 27, 2013, 04:14:21 PM
http://barnabyisright.com/2013/04/27/imagine-a-world-with-no-banks/


Title: Re: Imagine a world with no banks
Post by: Manawarp on April 27, 2013, 09:11:54 PM
Bitcoin doesn't exactly meet those criteria.


Title: Re: Imagine a world with no banks
Post by: tom78587 on April 27, 2013, 09:22:33 PM
I think banks will fight bitcoin usage heavily.


Title: Re: Imagine a world with no banks
Post by: Leonidas1 on April 27, 2013, 09:28:02 PM
Wallet services have already started to spring up all over the web. Banks need to evolve or die.


Title: Re: Imagine a world with no banks
Post by: Achiron on April 27, 2013, 09:28:59 PM
hard to say how they'll react to bitcoin


Title: Re: Imagine a world with no banks
Post by: spiderJ on April 27, 2013, 09:36:07 PM
The sooner the banks are gone the better. I've spent too much of my fiat on bank charges/fees/bailouts


Title: Re: Imagine a world with no banks
Post by: 51ay3r on April 27, 2013, 09:37:21 PM
We will always need banks for financial services: loans, mortgages, etc.  Establishing decentralized ones with BTC may be interesting however.


Title: Re: Imagine a world with no banks
Post by: xavier83 on April 27, 2013, 09:49:47 PM
We will always need banks for financial services: loans, mortgages, etc.  Establishing decentralized ones with BTC may be interesting however.

I believe ripple does exactly that. I am not sure though. any thoughts?


Title: Re: Imagine a world with no banks
Post by: abxexp on April 27, 2013, 10:17:34 PM
I fail to see why any of that would happen. As 51ay3r pointed out there will always be a need, albeit with a different name.