Can Bitcoin make Banks disappear?

[madwica]

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

  banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

I Think banks will definitely adopt bitcoin, and they should have to adopt it as now everyone prefer the use of bitcoin for their financial system and if banks will not adopt it then banks will be remained much backward in the global business.

It is yet to be seen if banks will accept bitcoin... I think they will fight till the end to not submit to the new bitcoin reality, if bitcoin becomes as mainstream as the internet. They will keep avoiding it as long as possible.

That is true, bank will update their system to have a better services and i think if they see bitcoin is much prefet to use by the people i think bank will accept bitcoin to have an account to them because they can easily earn additional income if that will happen.

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[Achargeturry78]

banks will change , and they can change the name of the banks but it can't disappear why because if people keep depositing their money then the bank will keep it alive because of the money they going to recycle it to earn more or to grow the investors money , but if bitcoin become famous and popular then many bank user will probably choose bitcoin than banks

[enhu]

banks will change , and they can change the name of the banks but it can't disappear why because if people keep depositing their money then the bank will keep it alive because of the money they going to recycle it to earn more or to grow the investors money , but if bitcoin become famous and popular then many bank user will probably choose bitcoin than banks

Banks will still exist even if it gets very known that even kids will use bitcoin. bank will still be there.
We will always use fiat to store bitcoin value thus the need of bank will be there. When people cash out bitcoin, they are somehow going to use banks.

[plpbtc1526]

Other people want to secure their all money. So i guess that will never happen. Bitcoin is very risky because of its features. You could lose it without knowing it. Ofcourse banks also vulnerable to bad elements but it is centralize and more secure than bitcoin. Bank is your better option in terms of security.

[Mr. Big]

banks will change , and they can change the name of the banks but it can't disappear why because if people keep depositing their money then the bank will keep it alive because of the money they going to recycle it to earn more or to grow the investors money , but if bitcoin become famous and popular then many bank user will probably choose bitcoin than banks

That's not possible, and it will always fall to "maybe"... banks and money will never disappear, depositing your money to banks is more secure than investing it to bitcoin... Banks have securities and insurances on your deposit, so even if they were robbed, you will always be paid... There is no way that bitcoin could change it... 

[sobsitesearch]

banks will change , and they can change the name of the banks but it can't disappear why because if people keep depositing their money then the bank will keep it alive because of the money they going to recycle it to earn more or to grow the investors money , but if bitcoin become famous and popular then many bank user will probably choose bitcoin than banks

That's not possible, and it will always fall to "maybe"... banks and money will never disappear, depositing your money to banks is more secure than investing it to bitcoin... Banks have securities and insurances on your deposit, so even if they were robbed, you will always be paid... There is no way that bitcoin could change it... 

Agreed that bank will not disappear even the price of bitcoin will be huge because all investor will invest in where their money is much secured that is on the bank and they only invest in bitcoin to have and extra but not invest for a long time of period.

[co5hike]

banks will change , and they can change the name of the banks but it can't disappear why because if people keep depositing their money then the bank will keep it alive because of the money they going to recycle it to earn more or to grow the investors money , but if bitcoin become famous and popular then many bank user will probably choose bitcoin than banks

That's not possible, and it will always fall to "maybe"... banks and money will never disappear, depositing your money to banks is more secure than investing it to bitcoin... Banks have securities and insurances on your deposit, so even if they were robbed, you will always be paid... There is no way that bitcoin could change it... 

Agreed that bank will not disappear even the price of bitcoin will be huge because all investor will invest in where their money is much secured that is on the bank and they only invest in bitcoin to have and extra but not invest for a long time of period.

People will prefer to use both of them as both have their unique features and if we have an opportunity to use both of them they why to choose a single one.

[Eidheen]

I think banks will adopt blockchains sooner or later, so they won't disappear at all.

[JessicaSe]

I think banks will adopt blockchains sooner or later, so they won't disappear at all.

Yes banks will adopt blockchain technology in near future but they will not support bitcoins for sure, and banks will always survive at they have support from Governments.

[Thoth-]

It's up to people to make the banks disappear. The blockchain is a ready to go replacement

[madwica]

It's up to people to make the banks disappear. The blockchain is a ready to go replacement

That is will never happen bank makes an adjustment in their clients' not to withdraw all their saving and turn to bitcoin of blockchain because as of now bitcoin has no insurance that is why you money is not secure to put in.

[vero]

banks will change , and they can change the name of the banks but it can't disappear why because if people keep depositing their money then the bank will keep it alive because of the money they going to recycle it to earn more or to grow the investors money , but if bitcoin become famous and popular then many bank user will probably choose bitcoin than banks

That's not possible, and it will always fall to "maybe"... banks and money will never disappear, depositing your money to banks is more secure than investing it to bitcoin... Banks have securities and insurances on your deposit, so even if they were robbed, you will always be paid... There is no way that bitcoin could change it... 

Agreed that bank will not disappear even the price of bitcoin will be huge because all investor will invest in where their money is much secured that is on the bank and they only invest in bitcoin to have and extra but not invest for a long time of period.

People will prefer to use both of them as both have their unique features and if we have an opportunity to use both of them they why to choose a single one.

only people who has know bitcoin that will use both it option but for who not knowing their bitcoin will remain riveted on the direction of the government to save money in the bank.

[goinmerry]

It's up to people to make the banks disappear. The blockchain is a ready to go replacement

Up to people? You mean the people governed or the owners? The blockchain aint ready for replacement. I dont see any talks about replacing the banks. This is just a thread here not the news.

[ObscureBean]

I think banks will adopt blockchains sooner or later, so they won't disappear at all.

Yes banks will adopt blockchain technology in near future but they will not support bitcoins for sure, and banks will always survive at they have support from Governments.

It's already happening. And not by a bank in some obscure country either. Haven't you guys heard of RSCoin, it was announced a few months ago, it's a joint effort by the Bank of England and the University College of London. You can read more about it here: http://www.firmex.com/thedealroom/bank-of-england-blockchain-digital-currency-bitcoin/

[torrentheaven]

It's up to people to make the banks disappear. The blockchain is a ready to go replacement

Up to people? You mean the people governed or the owners? The blockchain aint ready for replacement. I dont see any talks about replacing the banks. This is just a thread here not the news.

Yeah and I don't think that will ever happen, bitcoin it not too big that it can replace strongest financial institution and the fact is people have more faith in banks in compare to bitcoins.

[Hide_ip112]

It's up to people to make the banks disappear. The blockchain is a ready to go replacement

Up to people? You mean the people governed or the owners? The blockchain aint ready for replacement. I dont see any talks about replacing the banks. This is just a thread here not the news.

Yeah and I don't think that will ever happen, bitcoin it not too big that it can replace strongest financial institution and the fact is people have more faith in banks in compare to bitcoins.

Very precise, bitcoin will never replace the bank for all the things done by the bank. Bitcoin as simply a place to reproduce or seek profits and that doesn't mean bitcoin can replace an existing financial institution before bitcoin appears. Bitcoin for folding the duplicate money and banks to save money with a good warranty

[avikz]

It is absolutely impossible. Bitcoin can't just decrease the bank's value in any way. Bank is a well regulated and government backed financial institution.

Probably the blockchain technology can impact bank's daily routine due to which the banks may start adopting new technologies and diversify but it is not possible for bitcoin to decrease their credibility in any way. That just can't happen.

[richmcrich]

It's up to people to make the banks disappear. The blockchain is a ready to go replacement

Up to people? You mean the people governed or the owners? The blockchain aint ready for replacement. I dont see any talks about replacing the banks. This is just a thread here not the news.

Yeah and I don't think that will ever happen, bitcoin it not too big that it can replace strongest financial institution and the fact is people have more faith in banks in compare to bitcoins.

The market cap of bitcoin isn't even comparable to the amount of USD actively in circulation right now.
That alone proves that bitcoin cannot make banks disappear and the governments wouldn't allow that since bitcoin transactions are transparent and government transactions aren't.

[JumperX]

Nah that is not true I think bitcoin will just be difficult to replace it to fiat money. If ever bitcoin will replace the fiat money I think the bank will go to the bitcoin world and I well bet that they will offer a lot of things. Like maybe more ATM for bitcoin or other stuff.

Bitcoin can never replace any major currency and replacing banks is something impossible to believe, bitcoin will always be used as an alternative option to fiat currency.

[Akupuniard]

I don't believe on this, because banks is always protected by goverments of their countries and also bitcoin is not so good as many currencies like dollar.