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thend1949
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April 22, 2016, 08:59:53 AM |
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It depends upon the bank manager i think if that happen they have Plan B to support the banks need, then the if the other banks dissappear if the bank manager dont have plans, Hehe But its hard to think what will they do if that happens?
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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Shibashi Dogemoto
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April 22, 2016, 09:03:57 AM |
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bank dissappear ? I guess it was not possible because the bank is an important part of the world
Most probably bank leaders are the master player and have their own strategy about it to how it will work around the whole world. We bitcoins users have to get support from the bank through ATM of the local bank so to get our transaction from bitcoins. Banks will never support bitcoin, as they are enjoying the monopoly since the long time, and there will be no competitor for banks even in the future. Yeah there is no competitor for banks as banks are the countries financial supporters, not only we can save our money but all the financial matters are involved in banks. Bitcoin on the other side can hold money but no country will legally use it for financial purposes. Yeah normal people needs banks for their financial transactions as they find it easy and now they are used to it and will take time for them to switch to a product like bitcoin. |
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y0724696langsong6
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Activity: 33
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April 22, 2016, 09:59:12 AM |
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I think they would coexist with each other, Banks is important and the cornerstone of the current financial system, Bitcoin is good as well but it is a part of the online field mainly.
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romero121
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April 22, 2016, 10:15:33 AM |
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bank dissappear ? I guess it was not possible because the bank is an important part of the world
Well said, the possibilities are very low. Banks were much preferred by most users. Right now just a very small percentage people use bitcoin compared to banks. |
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Mr. Big
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While my guitar gently weeps!!!
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April 22, 2016, 12:48:06 PM |
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I think they would coexist with each other, Banks is important and the cornerstone of the current financial system, Bitcoin is good as well but it is a part of the online field mainly.
That's true, Bitcoin is the best in the internet world and its wallet while fiat and bank are the best in real life...But still, fiat has an advantage over bitcoin, as it is widely known through out the world and banks too, while bitcoin depends on the internet to be widespread.. |
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Imoote
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April 23, 2016, 05:19:12 AM |
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I think they would coexist with each other, Banks is important and the cornerstone of the current financial system, Bitcoin is good as well but it is a part of the online field mainly.
That's true, Bitcoin is the best in the internet world and its wallet while fiat and bank are the best in real life...But still, fiat has an advantage over bitcoin, as it is widely known through out the world and banks too, while bitcoin depends on the internet to be widespread.. Very appropriate actually both very different and do not affect each other, respectively. So bitcoin will not make banks disappear because progress bitcoin will not affect the banks. |
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XodhvdjI
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April 23, 2016, 05:27:05 AM |
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No, because we still need to sell our bitcoins and bitcoins usually get sold into fiat. With that being said, there's just no way. In fact Bitcoin fuels fiat ten times more than you'd actually believe.
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Dmc123dmc
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Time is the one thing you can't run from
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April 23, 2016, 06:46:54 AM |
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With the stranglehold the Rothschild family have on the global banking system there will always be banks.
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gilangIDR
Legendary
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Activity: 1526
Merit: 1001
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April 23, 2016, 06:57:04 AM |
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It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
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terman45x
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April 23, 2016, 06:59:27 AM |
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It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
Banks will face tough competition from bitcoin in future, but banks will not simple disappear as majority of people and businesses are dependent on banks for their transactions. |
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CryingMidget
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April 23, 2016, 07:23:52 AM |
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It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
If bitcoin replaces bank place in future means somehow it helpful for simple wage people to get avoid from the bank interest and finance problems. Government also make their transactions so transparent. It would be easy to identify the right party. Bitcoin should replace bank's place in future. |
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KennyR
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April 23, 2016, 11:32:42 AM |
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It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
Bitcoin has got the potential to grow much higher than Banks. Now in reality banks are more are the universally accepted as the best financing system. So eliminating of banks is not possible but alternate growth would happen. |
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HostSurf
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April 23, 2016, 11:36:00 AM |
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It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
Bitcoin has got the potential to grow much higher than Banks. Now in reality banks are more are the universally accepted as the best financing system. So eliminating of banks is not possible but alternate growth would happen. Bitcoin has the potential to grow big, but bigger then all the banks? No that will not happen. In a best case scenario bitcoin should be able to outcompete with vis/master card |
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FlyingSaucer
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Activity: 78
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April 23, 2016, 11:37:50 AM |
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Bitcoin can't make the banks disappear they will always be around because people will always need a place to get loans from and I don't think Bitcoin is a great way of taking out loans either.
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Mr. Big
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Merit: 1176
While my guitar gently weeps!!!
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April 23, 2016, 11:48:10 AM |
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Bitcoin can't make the banks disappear they will always be around because people will always need a place to get loans from and I don't think Bitcoin is a great way of taking out loans either.
Well that's true, banks offer loans with minimal collateral and very small interest compared to bitcoin, but if an investor put up a lending company in bitcoin, I think the interest will be lower.. |
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Kevin77
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April 23, 2016, 09:20:53 PM |
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It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
No, it will not happen as people need banks for their businesses, we people need banks for keeping our money and for transactions while there are some big businesses which need banks for maintaining their financial affairs. |
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Imoote
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April 24, 2016, 02:48:07 AM |
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It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
No, it will not happen as people need banks for their businesses, we people need banks for keeping our money and for transactions while there are some big businesses which need banks for maintaining their financial affairs. Exactly not only banks, some states also require banks to manage the country's finances. Banks can not just disappear and I think will continue to exist. While different bitcoin with banks so it will not affect anything. |
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delliaerd
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April 24, 2016, 03:55:31 AM |
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It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
No, it will not happen as people need banks for their businesses, we people need banks for keeping our money and for transactions while there are some big businesses which need banks for maintaining their financial affairs. Exactly not only banks, some states also require banks to manage the country's finances. Banks can not just disappear and I think will continue to exist. While different bitcoin with banks so it will not affect anything. Maybe not everyone think so, but for my self using bitcoin and bank is the main necessary without leaving each other. I used them for different purposes. I like Both bitcoin and bank so i hope it can give me more advantage continuously. |
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senyorito123
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April 24, 2016, 04:01:54 AM |
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It could happen. bitcoin payment is very great. bitcoin facilitate all transactions that we do .. bitcoin has great power to bring down and eliminate the bank !!!
No, it will not happen as people need banks for their businesses, we people need banks for keeping our money and for transactions while there are some big businesses which need banks for maintaining their financial affairs. Exactly not only banks, some states also require banks to manage the country's finances. Banks can not just disappear and I think will continue to exist. While different bitcoin with banks so it will not affect anything. Maybe not everyone think so, but for my self using bitcoin and bank is the main necessary without leaving each other. I used them for different purposes. I like Both bitcoin and bank so i hope it can give me more advantage continuously. Yeah bitcoin and bank is like batman and robin they are partners to make good partnership and so they can do perfect works. Without bank bitcoin is very nothing because the main purpose of bitcoin is to be converted into real dollar or cash. And bank is the way to be make it done. So thats why bank cant never replace and that cannot be happen in future. Maybe we can say bitcoin can be globally use to people but he needs bank to roll. |
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27QVUTZj8rgZP1
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April 24, 2016, 04:24:28 AM |
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It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.
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What's your read on that?
I'm surprised banks still exist. I see no reason for banks to exist other than providing loans. And I think governments do not want the end of banks, for obvious reasons: Control. |
Bitcoin address: 1RepentJESUSisComingSoon777kqd54C
“And behold, I am coming quickly, and My reward is with Me, to give to every one according to his work.” - Revelation 22:12
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