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ronaldinho_07
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April 09, 2016, 03:24:23 PM |
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Banks has the support from the economy if you wanna to open a business they will lend you the money to start soo bitcoin hasnt such power to make this kind of things to happens,banks will keep doing their services.
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peta4e
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April 09, 2016, 03:37:52 PM |
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Banks has the support from the economy if you wanna to open a business they will lend you the money to start soo bitcoin hasnt such power to make this kind of things to happens,banks will keep doing their services.
Exactly and banks enjoys the monopoly at a a moment as banks are aware that people don't have any other better option and they will continue to enter the doorsteps of banks on regular basis. |
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Hellacopter
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April 09, 2016, 03:40:00 PM |
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I don't think that Bitcoin make banks disappear, because already banking services support the Bitcoin's currency nowadays to get converted easily into cash and fiat, and also Bitcoin isn't yet used like banking services
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JessicaSe
Legendary
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Activity: 840
Merit: 1000
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April 09, 2016, 05:10:44 PM |
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I don't think that Bitcoin make banks disappear, because already banking services support the Bitcoin's currency nowadays to get converted easily into cash and fiat, and also Bitcoin isn't yet used like banking services
General public who are not into bitcoins yet will never leave banking system as I don't see any valid reason for them to leave banks at a moment. |
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0day
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April 09, 2016, 05:34:28 PM |
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The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.
Yeah, the time is not far away that these banks will sooner adopt bitcoin and will start to work with bitcoin, as in the future everyone will prefer bitcoin and banks have to survive, so they will easily adopt it. |
Hire me for your campaign management
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Blackmet
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April 09, 2016, 05:52:36 PM |
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The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.
Yeah, the time is not far away that these banks will sooner adopt bitcoin and will start to work with bitcoin, as in the future everyone will prefer bitcoin and banks have to survive, so they will easily adopt it. It will not happen till bitcoin is illegal in few countires like Russia for example. Banks trying to be neutral to all countires and they cant accept currency that illegal. |
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ronaldinho_07
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April 10, 2016, 05:20:31 PM |
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This means all russians that has or think to get bitcoin will be forced to use or to exchange it from other way besides the bank,soo western union may be the way .
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PakistanHockeyfan
Member
Offline
Activity: 98
Merit: 10
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April 10, 2016, 05:21:47 PM |
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No. When it's time to sell, where do we sell our BTC to? The air? We need fiats, we need banks, and we need our credit scores. I don't really believe we'll ever get rid of banks. Perhaps one day when everything is so technologically advanced, but definitely not now anyway.
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fkvidar
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April 10, 2016, 06:30:19 PM |
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Bitcoin needs to be more powerful to replace banks, and that is not possible at a moment, as banks are the most trusted organization and people don't trust bitcoin.
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ronaldinho_07
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April 11, 2016, 02:39:39 PM |
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Bitcoin cant replace banks,either their services,do you think someone will lend you 50 btc to you repay in 40 years?Do you really think this is going to happen?Banks products even being expensive they give you time something that bitcoin cant give .
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Hellacopter
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April 11, 2016, 02:44:31 PM |
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Bitcoin cant replace banks,either their services,do you think someone will lend you 50 btc to you repay in 40 years?Do you really think this is going to happen?Banks products even being expensive they give you time something that bitcoin cant give .
That's depend really with the usability of Bitcoin worldwide. Nowadays it's not going to happen even in the nearest future because banking services are already used a lot more than Bitcoin , but if Bitcoin's currency conquer the world there is a possibility that things change |
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Imoote
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April 11, 2016, 02:51:46 PM |
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Bitcoin cant replace banks,either their services,do you think someone will lend you 50 btc to you repay in 40 years?Do you really think this is going to happen?Banks products even being expensive they give you time something that bitcoin cant give .
Yes it all between bitcoin and banks have their respective advantages and I think banks still superior because it is not foreign at all in the community. Although bitcoin will culminate I believe still will not replace banks. |
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Dwelach
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April 11, 2016, 03:09:44 PM |
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Bitcoin cant replace banks,either their services,do you think someone will lend you 50 btc to you repay in 40 years?Do you really think this is going to happen?Banks products even being expensive they give you time something that bitcoin cant give .
That's depend really with the usability of Bitcoin worldwide. Nowadays it's not going to happen even in the nearest future because banking services are already used a lot more than Bitcoin , but if Bitcoin's currency conquer the world there is a possibility that things change It is hard to say that, but many people need their banks and there are also a lot of people that dont even know what Bitcoins are so you must fix first that problem. If it is more used and more people know that, than you can talk about it but not now around this time. |
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romero121
Legendary
Offline
Activity: 3164
Merit: 1213
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April 11, 2016, 05:01:10 PM |
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Bitcoin needs to be more powerful to replace banks, and that is not possible at a moment, as banks are the most trusted organization and people don't trust bitcoin.
Bitcoin has got the potential to replace or get used equal to bank when lot of people accept or start using bitcoin for their daily needs. |
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krunox123
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April 11, 2016, 05:05:07 PM |
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Bitcoin needs to be more powerful to replace banks, and that is not possible at a moment, as banks are the most trusted organization and people don't trust bitcoin.
Bitcoin has got the potential to replace or get used equal to bank when lot of people accept or start using bitcoin for their daily needs. Bitcoin has the potential to replace the banks, but it will never be able to replace the banks. It is simply because the government won't allow anyone to do so as they like fiat more than digital money. Well, one day it could. Who knows? |
Life sucks.
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puremage111
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April 11, 2016, 05:05:55 PM |
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Don't really think it will but maybe implement btc into bank would be more viable  |
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DimensionZ
Sr. Member
Offline
Activity: 350
Merit: 250
Shit, did I leave the stove on?
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April 11, 2016, 05:18:17 PM |
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Bitcoin doesn't have the potential to replace fiat it's impossible. Its ecosystem is too vulnerable to drastic changes overnight and no one in their right mind would want this to be the main currency of their country. Let Bitcoin be a great investment vehicle and buy your groceries with banknotes in the local supermarket.
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0day
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April 11, 2016, 05:22:19 PM |
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Bitcoin needs to be more powerful to replace banks, and that is not possible at a moment, as banks are the most trusted organization and people don't trust bitcoin.
It is not the matter that people do not trust bitcoin, they do trust on bitcoin but those people who do not know about exchange and trade and are unable to maintain according to the price do not invest in bitcoin. |
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Jasad
Legendary
Offline
Activity: 1414
Merit: 1001
= jasad =
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April 11, 2016, 05:23:44 PM |
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its just like guess the future,its hard to answer is bitcoin can make bank disappear,because until now we have not find any bank with bitcoin payment,lets hope someday in 2020 his is will happen. or maybe bitcoin was not exist.
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ronaldinho_07
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April 12, 2016, 12:53:23 AM |
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Bitcoin cant replace banks,bitcoin members are hidden at adress ,if you lend or ask for a loan at bitcoin a large one how can you be sure you will get repaid since there is only one adress connected to it?Banks take the risks but they lend to those who they see can repay otherwise they refuse the credit.
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