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Noctis Connor
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August 17, 2016, 12:53:34 PM |
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i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.
i don't agree with you mate because how if bitcoin will disappear soon ? or bitcoin will dicrease or drop the price range 200 - 100 dollar then many of investors are going to be mad , lets say YES many people are using bitcoin currency at the moment and most of that is investors because they using bitcoin currency to make invest and to grow their company , banks now is in the long run where people using it and they always choose banks account than bitcoin wallet or anything |
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goinmerry
Legendary
 Offline
Activity: 2940
Merit: 1083
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August 17, 2016, 12:58:10 PM |
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That's hard to disappear because the bank still used by many people to keep their money . Bank is safer to use because the bank especially if you hold million. So far the bank can not changed to bitcoin because many still trust the banks than in bitcoin . I am not safe to use the online wallet might suddenly disappear. So if you have a big money deposit it in the bank.
Very true and there are this papers where you will be insured of your money. Here in bitcoin there is no insurance yet. So people like that. To feel safer and know that their money even if lost can be got back through insurance. |
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purebitco
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Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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August 17, 2016, 01:41:00 PM |
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i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.
That's too much of a dream and "if"... Not all are into using bitcoin and if that would happen it will take more than this lifetime... One thing is for sure, bitcoin will be living along with banks and we can't convince all the people to use bitcoin alone...  Yes, bitcoin can go along together with banks or maybe they can collaborate together and banks accept bitcoin. I think bitcoin can't make banks disappear. to be honest it is impossible for them to go along, bitcoins are against cryptos because cryptos dont need banks and bitcoin might make banks disappear as people will just not need it |
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katrimans
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August 17, 2016, 07:21:17 PM |
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i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.
That's too much of a dream and "if"... Not all are into using bitcoin and if that would happen it will take more than this lifetime... One thing is for sure, bitcoin will be living along with banks and we can't convince all the people to use bitcoin alone... Yes, bitcoin can go along together with banks or maybe they can collaborate together and banks accept bitcoin. I think bitcoin can't make banks disappear. to be honest it is impossible for them to go along, bitcoins are against cryptos because cryptos dont need banks and bitcoin might make banks disappear as people will just not need it bitcoins are against cryptos? You mean banks are against crypto's, right? That's not entirely true though. There are actually quite a lot of banks now that are developing platforms to integrate bitcoins into their system. I agree that there are banks that are skeptical in backdoor operations but in their defense, not all banks are like that. There are banks that are more mass-oriented. |
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Bestwishes745
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August 17, 2016, 07:50:00 PM |
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i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.
That's too much of a dream and "if"... Not all are into using bitcoin and if that would happen it will take more than this lifetime... One thing is for sure, bitcoin will be living along with banks and we can't convince all the people to use bitcoin alone... and agree with you and will like to add that bitcoin is a currency and not an organization/institution which will organize our financial matters and which will maintain our business financially , bitcoin is a currency and I think it itself need a banking system. |
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bitlancr
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August 17, 2016, 08:44:54 PM |
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Bitcoin's role in the financial world is very slim, there is no way a currency can compete with banks, nor is it intend to do so.
Bitcoin should focus on online payments and outcompete paypal.
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BitHodler
Legendary
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Activity: 1526
Merit: 1179
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August 17, 2016, 08:48:01 PM |
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Bitcoin's role in the financial world is very slim, there is no way a currency can compete with banks, nor is it intend to do so.
Bitcoin should focus on online payments and outcompete paypal.
Bitcoin is just an alternative currency that is here to serve people in need of such a tool. Glad someone realizes that and agree that there is absolutely no need for Bitcoin to compete with banks. Also, I think it's just a matter of a few years before Bitcoin surpasses PayPal in everything this company stands for. |
BSV is not the real Bcash. Bcash is the real Bcash.
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ovvidiy
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August 17, 2016, 09:12:50 PM |
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Bitcoin's role in the financial world is very slim, there is no way a currency can compete with banks, nor is it intend to do so.
Bitcoin should focus on online payments and outcompete paypal.
Bitcoin is just an alternative currency that is here to serve people in need of such a tool. Glad someone realizes that and agree that there is absolutely no need for Bitcoin to compete with banks. Also, I think it's just a matter of a few years before Bitcoin surpasses PayPal in everything this company stands for. Bitcoin and banks is not the same thing and there is no competition in this I do not see. Most competitors will exchange bank. Although today the exchange traded currencies around the world, and it does not prevent banks exist too. |
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greBit
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August 17, 2016, 09:14:58 PM |
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Bitcoin's role in the financial world is very slim, there is no way a currency can compete with banks, nor is it intend to do so.
Bitcoin should focus on online payments and outcompete paypal.
Bitcoin has an potential to replace all payment methods in future, as it still very new to many people and once people gets aware about it I am sure they will start using it at least for online shopping and online transfers. |
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skysblu
Full Member
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Activity: 219
Merit: 205
_Bitcoin Africa_
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August 17, 2016, 09:29:48 PM |
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Bitcoin's role in the financial world is very slim, there is no way a currency can compete with banks, nor is it intend to do so.
Bitcoin should focus on online payments and outcompete paypal.
it is slim for now though it is definitely going to increase in my opinion and i hope that it will change dollar soon |
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Dark.Angel
Member
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Activity: 70
Merit: 10
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August 18, 2016, 01:24:41 AM |
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I think never happen, I don't think Bitcoin will make Banks disappear but it will create a separate space for itself. Too many world's finance operations are dependent on banks and therefore both of them will continue to co reside. So bank is never close
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BossMacko
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August 18, 2016, 01:32:03 AM |
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Banks will not disappear because of Bitcoin , What i think is maybe in the future banks will integrate Bitcoin to their system if most people will use Bitcoin instead of Bank. They will find a way to attracts customers just like how Bitcoin attracts us. In my Bitcoin wallet i can cash-out my Bitcoin going to my bank. It is easier for me to exchange Bitcoin to cash or cash to Bitcoin.
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shinratensei_
Legendary
 Online
Activity: 3094
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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August 18, 2016, 03:16:56 AM |
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i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.
That's too much of a dream and "if"... Not all are into using bitcoin and if that would happen it will take more than this lifetime... One thing is for sure, bitcoin will be living along with banks and we can't convince all the people to use bitcoin alone... Yes, bitcoin can go along together with banks or maybe they can collaborate together and banks accept bitcoin. I think bitcoin can't make banks disappear. to be honest it is impossible for them to go along, bitcoins are against cryptos because cryptos dont need banks and bitcoin might make banks disappear as people will just not need it bitcoins are against cryptos? You mean banks are against crypto's, right? That's not entirely true though. There are actually quite a lot of banks now that are developing platforms to integrate bitcoins into their system. I agree that there are banks that are skeptical in backdoor operations but in their defense, not all banks are like that. There are banks that are more mass-oriented. The bank is not integrated with bitcoin for directly is always through the 3rd parties for that, because I never seeing any bank is said they're is integrated with bitcoin for directly but indirectly with supporting from the 3rd parties between bank and bitcoin. |
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goinmerry
Legendary
Offline
Activity: 2940
Merit: 1083
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August 18, 2016, 04:09:31 AM |
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Bitcoin's role in the financial world is very slim, there is no way a currency can compete with banks, nor is it intend to do so.
Bitcoin should focus on online payments and outcompete paypal.
Bitcoin has an potential to replace all payment methods in future, as it still very new to many people and once people gets aware about it I am sure they will start using it at least for online shopping and online transfers. Online payments could be the main role of bitcoin. So the banks could take this out of their system and let bitcoin do the job so they can focus more in providing help specially with loans. |
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groll
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August 18, 2016, 04:28:05 AM |
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i think yes it can if all the people stop using banks and use wallet for their money i think bank will disappear.
That's too much of a dream and "if"... Not all are into using bitcoin and if that would happen it will take more than this lifetime... One thing is for sure, bitcoin will be living along with banks and we can't convince all the people to use bitcoin alone... Yes, bitcoin can go along together with banks or maybe they can collaborate together and banks accept bitcoin. I think bitcoin can't make banks disappear. to be honest it is impossible for them to go along, bitcoins are against cryptos because cryptos dont need banks and bitcoin might make banks disappear as people will just not need it bitcoins are against cryptos? You mean banks are against crypto's, right? That's not entirely true though. There are actually quite a lot of banks now that are developing platforms to integrate bitcoins into their system. I agree that there are banks that are skeptical in backdoor operations but in their defense, not all banks are like that. There are banks that are more mass-oriented. Like here in our country there is a wallet/coin exchange here that accepted bills payment through cash remittances. They also partnered with almost all banks here. When you buy bitcoin you could deposit it on different banks and it takes only a minute to receive it. It is so easy here to buy bitcoins thus it can help to promote it more. |
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saiha
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August 18, 2016, 04:46:33 AM |
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Bitcoin's role in the financial world is very slim, there is no way a currency can compete with banks, nor is it intend to do so.
Bitcoin should focus on online payments and outcompete paypal.
Bitcoin has an potential to replace all payment methods in future, as it still very new to many people and once people gets aware about it I am sure they will start using it at least for online shopping and online transfers. Online payments could be the main role of bitcoin. So the banks could take this out of their system and let bitcoin do the job so they can focus more in providing help specially with loans. Even bitcoin can do that, I doubt that bitcoin is going to make banks to be gone because still bitcoin is a young currency at all. And it is going to be considered by the government before they are going to see that bitcoin is really worth to make banks disappear. Banks are the one controls the flow of the money in a government so they are playing an important role. |
Vires in Numeris
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jerowacik
Legendary
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Activity: 1162
Merit: 1000
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August 18, 2016, 05:00:16 AM |
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I think never happen, I don't think Bitcoin will make Banks disappear but it will create a separate space for itself. Too many world's finance operations are dependent on banks and therefore both of them will continue to co reside. So bank is never close
yes, I agree with you. bitcoin have much difference with the BANK. BANK is a commodity that is visible, while bitcoin is not visible. the difference is clear and can not be equated. |
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madwica
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August 18, 2016, 05:24:27 AM |
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Bank is bank even there are new currency come with a great value bank will still remain standing and stronger because all of people know how bank securing your money and that is the advantages of bank the insurance of the money of individuals.
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dunfida
Legendary
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Activity: 3080
Merit: 1130
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August 18, 2016, 05:35:48 AM |
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Bank is bank even there are new currency come with a great value bank will still remain standing and stronger because all of people know how bank securing your money and that is the advantages of bank the insurance of the money of individuals.
Bank is only a storage for your money and cant be affected even how many currencies would be stored their, therefore bitcoin cant make banks disappear since bitcoins is only a digital currency. agree, the insurance and the security is the advantages of a bank. |
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erickkyut
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August 18, 2016, 05:45:02 AM |
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i don't think so. first, bitcoin is not known worldwide. second, bitcoin is not fully accepted by the government. therefore, it is impossible to replace or make the banks disappear. and lastly, there is no much security for bitcoin especially it can be hacked anytime. i think rather than bitcoin will make banks disappear, bitcoin can be affiliated with banks in the near future.
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