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Cyaren
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May 23, 2016, 07:49:16 AM |
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for now it is still very difficult. banks have a level of security and also a producer of the dollar which is the whole community needs. other than that bitcoin is still not as popular as the dollar
What? Are you kidding me? Banks have less level of security to bitcoin, and there is literally no demand for more paper dollars. The community does not need itself flooded with useless paper notes. They will come to despise it. Bitcoin on the other hand is secure, more anonymous, offers better privacy, and is irreversible. So it is impossible to commit bitcoin chargebacks while you can chargeback paypal, or card credit cards. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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Lokfar
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May 23, 2016, 09:44:06 AM |
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for now it is still very difficult. banks have a level of security and also a producer of the dollar which is the whole community needs. other than that bitcoin is still not as popular as the dollar
I see the only one right way to make banks dissappear, to stop using it but nobody will stop using banks, i am sure about it. Also many people will say that bitcoin is useless and bla bla bla. Bitcoin can only make banks disappear if Bitcoin is almost used by everyone and that can be nice but it wont happen that fast because you cant earn money with it. And the bad thing is that you also have to learn people how to work with Bitcoin. |
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jossiel
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May 23, 2016, 10:30:21 AM |
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for now it is still very difficult. banks have a level of security and also a producer of the dollar which is the whole community needs. other than that bitcoin is still not as popular as the dollar
I see the only one right way to make banks dissappear, to stop using it but nobody will stop using banks, i am sure about it. Also many people will say that bitcoin is useless and bla bla bla. Bitcoin can only make banks disappear if Bitcoin is almost used by everyone and that can be nice but it wont happen that fast because you cant earn money with it. And the bad thing is that you also have to learn people how to work with Bitcoin. That would happen for a long time that bitcoins will change banking system or will make banks to disappear and people will hard time to adopt for it especially for those far places, provinces who are not yet innovated with technology or doesn't even know what bitcoin is. |
Signature for rent
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BrockHunter
Member
 Offline
Activity: 67
Merit: 10
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May 23, 2016, 12:35:23 PM |
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for now it is still very difficult. banks have a level of security and also a producer of the dollar which is the whole community needs. other than that bitcoin is still not as popular as the dollar
I see the only one right way to make banks dissappear, to stop using it but nobody will stop using banks, i am sure about it. Also many people will say that bitcoin is useless and bla bla bla. Bitcoin is not that popular now and that is bad because there are still a lot of people that is waiting for a price increase so they can earn some profit. But the bad thing of Bitcoin is that you must wait a long time until it will be more worth. |
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peta4e
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May 23, 2016, 12:39:04 PM |
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for now it is still very difficult. banks have a level of security and also a producer of the dollar which is the whole community needs. other than that bitcoin is still not as popular as the dollar
I see the only one right way to make banks dissappear, to stop using it but nobody will stop using banks, i am sure about it. Also many people will say that bitcoin is useless and bla bla bla. Bitcoin can only make banks disappear if Bitcoin is almost used by everyone and that can be nice but it wont happen that fast because you cant earn money with it. And the bad thing is that you also have to learn people how to work with Bitcoin. Even if people are aware about bitcoin they will prefer to use both, as they feel that their money in bank is safe and they will surely hesitate to invest money in bitcoin at initial stage. |
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saiha
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May 23, 2016, 01:03:03 PM |
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for now it is still very difficult. banks have a level of security and also a producer of the dollar which is the whole community needs. other than that bitcoin is still not as popular as the dollar
I see the only one right way to make banks dissappear, to stop using it but nobody will stop using banks, i am sure about it. Also many people will say that bitcoin is useless and bla bla bla. Bitcoin can only make banks disappear if Bitcoin is almost used by everyone and that can be nice but it wont happen that fast because you cant earn money with it. And the bad thing is that you also have to learn people how to work with Bitcoin. Even if people are aware about bitcoin they will prefer to use both, as they feel that their money in bank is safe and they will surely hesitate to invest money in bitcoin at initial stage. People tend to think money are much safe in the bank, well that's the reality and bank has the responsibility of your money, if your money was lost while it is on their jurisdiction. They will just return your money. Unlike in bitcoin, if someone gets your money not knowing who is that person, you can't return it. |
Vires in Numeris
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dezoel
Legendary
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Activity: 2016
Merit: 1072
Leading Crypto Sports Betting & Casino Platform
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May 23, 2016, 01:10:26 PM |
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for now it is still very difficult. banks have a level of security and also a producer of the dollar which is the whole community needs. other than that bitcoin is still not as popular as the dollar
I see the only one right way to make banks dissappear, to stop using it but nobody will stop using banks, i am sure about it. Also many people will say that bitcoin is useless and bla bla bla. Bitcoin can only make banks disappear if Bitcoin is almost used by everyone and that can be nice but it wont happen that fast because you cant earn money with it. And the bad thing is that you also have to learn people how to work with Bitcoin. Even if people are aware about bitcoin they will prefer to use both, as they feel that their money in bank is safe and they will surely hesitate to invest money in bitcoin at initial stage. People tend to think money are much safe in the bank, well that's the reality and bank has the responsibility of your money, if your money was lost while it is on their jurisdiction. They will just return your money. Unlike in bitcoin, if someone gets your money not knowing who is that person, you can't return it. The only bad thing about bitcoin is that its transactions are irreversible, and if someone steals or hacks your wallet its very difficult to find that person. |
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saiha
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May 23, 2016, 01:14:13 PM |
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for now it is still very difficult. banks have a level of security and also a producer of the dollar which is the whole community needs. other than that bitcoin is still not as popular as the dollar
I see the only one right way to make banks dissappear, to stop using it but nobody will stop using banks, i am sure about it. Also many people will say that bitcoin is useless and bla bla bla. Bitcoin can only make banks disappear if Bitcoin is almost used by everyone and that can be nice but it wont happen that fast because you cant earn money with it. And the bad thing is that you also have to learn people how to work with Bitcoin. Even if people are aware about bitcoin they will prefer to use both, as they feel that their money in bank is safe and they will surely hesitate to invest money in bitcoin at initial stage. People tend to think money are much safe in the bank, well that's the reality and bank has the responsibility of your money, if your money was lost while it is on their jurisdiction. They will just return your money. Unlike in bitcoin, if someone gets your money not knowing who is that person, you can't return it. The only bad thing about bitcoin is that its transactions are irreversible, and if someone steals or hacks your wallet its very difficult to find that person. Well you are right dude, that's the disadvantage of bitcoin. I hope developers will try to improve about that issue. And if you send a payment to an incorrect receiver, you can't cancel it. This should be fix also. |
Vires in Numeris
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a7goo
Member
Offline
Activity: 105
Merit: 11
Free Crypto in Stake.com Telegram t.me/StakeCasino
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May 23, 2016, 04:07:51 PM |
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banks are parts of the real life, only a world war (3?) could destroy bank power.
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xIIImaL
Legendary
Offline
Activity: 1372
Merit: 1005
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May 23, 2016, 06:24:54 PM |
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banks are parts of the real life, only a world war (3?) could destroy bank power.
It might be possible in future but hard to digest that banks can ever get disappear due to any digital currency, as banks are the strongest financial institutions and difficult to get disappeared as you said. |
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darewaller
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May 23, 2016, 08:41:53 PM |
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for now it is still very difficult. banks have a level of security and also a producer of the dollar which is the whole community needs. other than that bitcoin is still not as popular as the dollar
I see the only one right way to make banks dissappear, to stop using it but nobody will stop using banks, i am sure about it. Also many people will say that bitcoin is useless and bla bla bla. Bitcoin can only make banks disappear if Bitcoin is almost used by everyone and that can be nice but it wont happen that fast because you cant earn money with it. And the bad thing is that you also have to learn people how to work with Bitcoin. Even if people are aware about bitcoin they will prefer to use both, as they feel that their money in bank is safe and they will surely hesitate to invest money in bitcoin at initial stage. People tend to think money are much safe in the bank, well that's the reality and bank has the responsibility of your money, if your money was lost while it is on their jurisdiction. They will just return your money. Unlike in bitcoin, if someone gets your money not knowing who is that person, you can't return it. The only bad thing about bitcoin is that its transactions are irreversible, and if someone steals or hacks your wallet its very difficult to find that person. Well you are right dude, that's the disadvantage of bitcoin. I hope developers will try to improve about that issue. And if you send a payment to an incorrect receiver, you can't cancel it. This should be fix also. It would be nice if the devs did find a way to add that kind of a feature but it would definitely pose a problem to transactions as people can exploit this. Plus, we'd need some kind of an authority to confirm when cancelling a transaction or reversing it. With that, bitcoin's own version of 'banks' will emerge. |
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Akupuniard
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May 23, 2016, 09:08:33 PM |
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Actually no, cause bank is so trusted and people will not stop using banks so easialy even if bitcoin will be much better, goverment will try to make bitcoin disappear.
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Kollor
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May 24, 2016, 02:53:46 AM |
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Actually no, cause bank is so trusted and people will not stop using banks so easialy even if bitcoin will be much better, goverment will try to make bitcoin disappear.
The only inconvenience in banking is when their machines are offline, and when you have to fall in line and wait in their counters before they could serve you. Banking is much stronger and stable than bitcoin, as it is legally operated and financed. Bitcoin can't just beat the banks. Brains behind it is much more than the brains that run bitcoin. |
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Mumbeeptind1963
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May 24, 2016, 03:00:12 AM |
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Actually no, cause bank is so trusted and people will not stop using banks so easialy even if bitcoin will be much better, goverment will try to make bitcoin disappear.
The only inconvenience in banking is when their machines are offline, and when you have to fall in line and wait in their counters before they could serve you. Banking is much stronger and stable than bitcoin, as it is legally operated and financed. Bitcoin can't just beat the banks. Brains behind it is much more than the brains that run bitcoin. I agree to you Akupuniard banks is a trusted and people will not stop using it because they can borrow money here or they can invedt their money to earn there. But the question here is about bitcoin that " can bitcoin make Banks disappear" theres a possible that it can disappear by bitcoin if they loose they fund in this coin. So if the manager of the bank dont know what to do her/his managing bank will be bancrupt. |
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Doms
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May 24, 2016, 04:10:47 AM |
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Actually no, cause bank is so trusted and people will not stop using banks so easialy even if bitcoin will be much better, goverment will try to make bitcoin disappear.
The only inconvenience in banking is when their machines are offline, and when you have to fall in line and wait in their counters before they could serve you. Banking is much stronger and stable than bitcoin, as it is legally operated and financed. Bitcoin can't just beat the banks. Brains behind it is much more than the brains that run bitcoin. Both banks and bitcoin have their advantages and disadvantages. We can actually use both to make our lives better and our transactions more efficient. Banks are going to stay with us for the foreseeable future because of its foundation and the solid backing that it has. Meanwhile bitcoin which is still very young compared to banks must break into the consciousness of the masses for it to have more success. |
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pocarime32
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May 24, 2016, 05:19:18 AM |
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I don't think so, bitcoin will not affect the banks and every country need banks though. How about banks accepted bitcoins, so everyone happy and bitcoin and bank can stand together.
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Bitcoinpro
Legendary
Offline
Activity: 1344
Merit: 1000
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May 24, 2016, 05:31:37 AM |
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Banks makes loans and will continue to do so in Bitcoin,
problem is u cannot get back Bitcoin as easily as freshly
printed fiat
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boyptc
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May 24, 2016, 06:57:44 AM |
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I don't think so, bitcoin will not affect the banks and every country need banks though. How about banks accepted bitcoins, so everyone happy and bitcoin and bank can stand together.
I'm also thinking about that, that banks will try to adopt the use of bitcoin and will encourage their bank depositors to use bitcoin as well. But still banks can't be disappeared since they have a very important role in the economy. |
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DuckKeeper
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May 24, 2016, 07:36:14 AM |
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I dont think bank will disappear not even when the bitcoin is getting that big. He will never beat the dollars or the other real cash moneyss. If banks disappear how would men pay there rent and other stuff not anything is to sell for coins.
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Chrismeister
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May 24, 2016, 07:43:34 AM |
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I think there are two factors here. The banking/debt crisis, and the emergence of crypto-currencies. It won't be Bitcoin that will destroy the banks, it will be the politicians who are taking bribes to allow rubbish derivatives to be created, and then allowing bail-ins for the banks to cover their fraudulent lending, who will cause the demise and re-structuring of banking. Bitcoin will just be one of the emerging solutions/replacements.
Not sure what I'm talking about? Look at the recent permission to allow fracking in the UK, and the bail-in of Cyprus and the Greek banking theft to help DoucheBank.
There are allot of banks who helping each other but the question is that the bitcoin will make banks disappear but that is off course not true. How would a coin make abanks with real money disappear no i dont think so. |
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