Abbybenson
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September 03, 2016, 08:30:16 AM |
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No I don't think so. Bitcoins is more like anonymous money where as banks provide their services on your identity. Banks are more important than the bitcoins for people that are not doing online business. You can't find the person by their wallet address but you can find person by their bank account number. So all in all that just can't happen.
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Nivir
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September 03, 2016, 08:39:48 AM |
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Big no. But banks will soon promote and will be circulating cryptocurrencies anywhere. Those banks that cannot adopt the new trend get closed.  |
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Gaswuwade
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September 03, 2016, 08:54:41 AM |
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I doubt that will be the case at least in our current time, I think bitcoin can change the way money and economy works but banks are an established part of it, I think it would be more reasonable for bitcoin "banks" to appear sometime in the future when bitcoin is more mainstream.
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1Referee
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September 03, 2016, 09:05:47 AM |
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I doubt that will be the case at least in our current time, I think bitcoin can change the way money and economy works but banks are an established part of it, I think it would be more reasonable for bitcoin "banks" to appear sometime in the future when bitcoin is more mainstream.
Let's say Bitcoin does very well, and manages to reach 1% of the world population to adopt Bitcoin at some point, then still there are the other 99% where banks play a very important role in their life. Bitcoin won't even make a dent in the bank's way of doing business and how they exist. People must forget about that. |
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CroSany
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September 03, 2016, 04:42:59 PM |
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Did dollars make banks disappear?
Hmm.. valuable assets are going to - stop people from being interested in financial services? Huh?
Not sure where to go with this one. Too broken from the start.
Oh wait I know, you are thinking that "bank" is a word that means "counterfeiter". In this case, sure, bitcoin will be a thorn in their side as it can't be counterfeit. But there will always be counterfeiters. Count on it. They will just make other things.
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umhhppp
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September 03, 2016, 05:18:58 PM |
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I don't think so, I think bitcoin and banks can coexist together to an extent, The current financial system needs banks to fund businesses and the people get interest in return, I think sometime in the future there can be bitcoin banks as well "I'm talking about real banks not the typical get-rich-quick schemes".
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dezoel
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September 03, 2016, 05:22:00 PM |
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I don't think so, I think bitcoin and banks can coexist together to an extent, The current financial system needs banks to fund businesses and the people get interest in return, I think sometime in the future there can be bitcoin banks as well "I'm talking about real banks not the typical get-rich-quick schemes".
Banks are not going anywhere in fact they will become more stronger in future and will provide some advanced features and services to its customers so they don't switch to something else. |
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krishna1
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September 03, 2016, 05:26:21 PM |
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Banks have the unionship and a organization so they has a very very strong base and bitcoin is new but is very impressive consept but it needs a lot of effert to disapper banks because they have not used all their attacks and defences till now
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8Habits
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September 03, 2016, 07:26:57 PM |
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Banks have the unionship and a organization so they has a very very strong base and bitcoin is new but is very impressive consept but it needs a lot of effert to disapper banks because they have not used all their attacks and defences till now
Bitcoin is not designed to eradicate banks. It offers itself as an alternative for fiat money in online transactions (which get rid of some government regulations to fiat monies) Bitcoin is just an alternative with many cool features that makes people fall in love with it like gold. I don't think so that banks will disappear because of bitcoin - I do believe that they can co-exist and can live without the other. |
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erickkyut
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September 04, 2016, 06:55:48 AM |
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Bitcoin is bitcoin and banks are banks! They are two different entities! There's no way bitcoin can replace banks!
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takingthis4
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September 04, 2016, 08:33:14 AM |
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Bitcoin is bitcoin and banks are banks! They are two different entities! There's no way bitcoin can replace banks!
thats true, but in my opinion banks are always going to be worse than bitcoins because bitcoins is a perfect currency that is decentralised |
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trinaldao
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Post your ann & bounty just contact me
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September 04, 2016, 08:46:09 AM |
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Bitcoin is bitcoin and banks are banks! They are two different entities! There's no way bitcoin can replace banks!
thats true, but in my opinion banks are always going to be worse than bitcoins because bitcoins is a perfect currency that is decentralised but bank have a great security system to protect customer database, also in bank transaction we just need 1second (1click), not like bitcoin we must waiting 1confirmation for trusting each transaction. |
INVALID BBCODE: close of unopened tag in table (1)
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marleybobthedog
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September 04, 2016, 09:16:33 AM |
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No it's not possible because many countries already banned bitcoin because they think it's illegal so probably bitcoin gonna disappear if every country think that it's illegal to use and mine bitcoin. So they can make bank disappear.
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Noctis Connor
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September 04, 2016, 11:18:40 AM |
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it surely can, in my opinion bitcoin is going to become really huge and it will destroy the usd soon
If the usd will destroy then bitcoin will destroy too? because bitcoin are depending on USD where the bitcoin has a price and bitcoin can't make banks disappear because for me banks are in the long run now where people are choosing banks where they are going to deposit there money  |
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chixka000
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September 04, 2016, 11:49:30 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...  I also do agree that is merely to impossible situation that people would stop using the banks. People is likely more comfortable with banks in my opinion especially if they have to idea about bitcoin wallet. Even if they do most of them still has doubts. |
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JumperX
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September 04, 2016, 11:54:04 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... I also do agree that is merely to impossible situation that people would stop using the banks. People is likely more comfortable with banks in my opinion especially if they have to idea about bitcoin wallet. Even if they do most of them still has doubts. Banks will never disappear, bitcoin is not that strong that it can replace the strongest financial institution that hold great support and the trust from its customers. |
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iqlimasyadiqa
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September 04, 2016, 12:02:05 PM |
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No it's not possible because many countries already banned bitcoin because they think it's illegal so probably bitcoin gonna disappear if every country think that it's illegal to use and mine bitcoin. So they can make bank disappear.
not like that ! , today began many countries that understand the benefits of using bitcoin. several countries in East Asia even been regarded as one of the bitcoin digital currency official. bitcoin considered feasible par with paypal. with their bitcoin will certainly affect the conventional BANK. in my opinion, some users BANK will switch to using bitcoin wallet. |
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chixka000
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September 04, 2016, 12:04:06 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... I also do agree that is merely to impossible situation that people would stop using the banks. People is likely more comfortable with banks in my opinion especially if they have to idea about bitcoin wallet. Even if they do most of them still has doubts. Banks will never disappear, bitcoin is not that strong that it can replace the strongest financial institution that hold great support and the trust from its customers. Absolutely , even if bitcoin is a good crypto currency right now that dominates the market bitcoin is been in the industry for i think a decade or less? Unlike bank which is already there since people started to used money as the primary payment. |
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Nivir
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September 04, 2016, 12:13:46 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... I also do agree that is merely to impossible situation that people would stop using the banks. People is likely more comfortable with banks in my opinion especially if they have to idea about bitcoin wallet. Even if they do most of them still has doubts. Banks will never disappear, bitcoin is not that strong that it can replace the strongest financial institution that hold great support and the trust from its customers. Absolutely , even if bitcoin is a good crypto currency right now that dominates the market bitcoin is been in the industry for i think a decade or less? Unlike bank which is already there since people started to used money as the primary payment. The best thing to happen is that banks and cryptocurrencies can work together. I imagine banks hosting there own wallets for its clients. |
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chixka000
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September 04, 2016, 12:21:48 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... I also do agree that is merely to impossible situation that people would stop using the banks. People is likely more comfortable with banks in my opinion especially if they have to idea about bitcoin wallet. Even if they do most of them still has doubts. Banks will never disappear, bitcoin is not that strong that it can replace the strongest financial institution that hold great support and the trust from its customers. Absolutely , even if bitcoin is a good crypto currency right now that dominates the market bitcoin is been in the industry for i think a decade or less? Unlike bank which is already there since people started to used money as the primary payment. The best thing to happen is that banks and cryptocurrencies can work together. I imagine banks hosting there own wallets for its clients. Me too i was also thinking the same idea. Instead of being against to each other it would be much better if they are going to work together as this would benefit in both bitcoin and bank users or wait i think also the owners. |
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