Can Bitcoin make Banks disappear?

[stadus]

That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use.

I honestly do not see this small chance and I also do not think this wil happen, the fact is that the bitcoin is strong but banks are still twice so strong if you are asking me.

Not only twice, bitcoin is just one economy and if you combined all the banks in the world we are just very small.

Bitcoin has its unique purpose and it cannot make all the people to adopt because some people especially those who are holding a bigger amount of money in their bank accounts wants some security which bitcoin cannot offer. The security we are talking here is not only limited to safe keeping but also the economy, fiat is way better and fiat needs banks for its people.

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[AlexBits]

This already has been mentioned multiple times but I think that banks will let the bitcoin disappear faster if they want that the bitcoin can do in their whole lifetime.
The bitcoin is simply to weak and I think due to that its not possible too.

[passwordnow]

i think it can't happen . because for bank money we usually buy bitcoin and sell and direct earning bitcoin . so if we are working hardwork for bank money then why bank will disappear .
but we can say , bank use will slow down .

For sure it is not going to happen because the banks are controlled by the government and they are not going to allow that to happen. Instead what is possible to happen is that. The banks are able to make the bitcoin disappear if they are going to make the usage of bitcoin prohibited in a country and that is going to be more possible to happen.

[dhimasnk]

bitcoin eliminate the Bank? I think bitcoin will not be able to get rid of the Bank. why? because Bank is one of financial institutions official state useful to set the economy National and international

[dearbesz1219]

I'm afraid not, I know there are people like bank and other's like bitcoin. So I think it will not come to that case. But maybe in the long run bbitcoin and bank can be a team up in the business for the benefits of their clients. That was I thought.

[randy8777]

I'm afraid not, I know there are people like bank and other's like bitcoin. So I think it will not come to that case. But maybe in the long run bbitcoin and bank can be a team up in the business for the benefits of their clients. That was I thought.

that's not going to happen. bitcoin offers people financial freedom. and exactly that is something banks and governments don't want you to have. they want you to depend on banks to store all your savings and such. that's the system.

[bamboylee]

That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use.

I honestly do not see this small chance and I also do not think this wil happen, the fact is that the bitcoin is strong but banks are still twice so strong if you are asking me.

For now fiat and banks are stronger. But what will happen if their reserves dry out because of too much printing of fiat?  Fiat and banks will lose its power and transfer that power to bitcoin. Though this may take a very long time before it happens.

[serjent05]

Bitcoin disappearing banks will never happen in future as banks are too big and strongest financial institution that we have and which holds support from the Government and the people.

Yeah I really doubt that Bitcoin will catch on to everyone in the world. This means that banks will never disappear. And if they ever do, it won't be because of Bitcoin.

Yes I agree that bitcoin will never make banks disappear because banks have more usage than bitcoin has. Bank can be used as storage of physical goods that cannot be done by bitcoin.  Even if Bitcoin become the main currency bank is here to stay forever as long as people has a needs for secure physical storage of their important stuff.

[South Park]

I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.

Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin.

[terman45x]

I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.

Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin.

Yeah and to be honest I think people are more comfortable in using credit card and also fiat for making shopping so I don't think that banks will ever disappear in future.

[mishra1994]

I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.

Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin.

Yeah and to be honest I think people are more comfortable in using credit card and also fiat for making shopping so I don't think that banks will ever disappear in future.

Correct there are very less peoples in the bitcoin world and the rest of the world is still using fiat and credit card even those also who are using bitcoin as well because they are more comfortable with that.

[crairezx20]

I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.

Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin.

Yeah and to be honest I think people are more comfortable in using credit card and also fiat for making shopping so I don't think that banks will ever disappear in future.

Thats why its impossible that banks will disappear because people are always looking for a safe place where they can save their huge money. that they can hold and withdraw if needed. also we need banks to exchange our bitcoins .

[dezoel]

I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.

Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin.

Yeah and to be honest I think people are more comfortable in using credit card and also fiat for making shopping so I don't think that banks will ever disappear in future.

Thats why its impossible that banks will disappear because people are always looking for a safe place where they can save their huge money. that they can hold and withdraw if needed. also we need banks to exchange our bitcoins .

It is really that the banks are going to make disappear because of bitcoins. Because the government is going to choose banks rather than bitcoin, because they can control and manipulate the flow of money with banks unlike in bitcoins that is going to be hard for them to control it for it is a decentralized currency.

The major factor is that banks have support from the Government and that makes it even more stronger and bitcoin involves very few users at a moment and bitcoin and banks cannot be compared as bitcoin is too small in compare to banks.

[MingLee]

I think it's impossible. There are still people who wants real cash in the palm of their hands. But still a good idea to replace banks with bitcoins and make all transaction virtually.

Payments are becoming more electronic every day that passes, just look at bitcoin, so I disagree while there may be people that like the idea of having cash in their hands, a significant amount of people now prefer credit cards, PayPal and bitcoin.

Yeah and to be honest I think people are more comfortable in using credit card and also fiat for making shopping so I don't think that banks will ever disappear in future.

Thats why its impossible that banks will disappear because people are always looking for a safe place where they can save their huge money. that they can hold and withdraw if needed. also we need banks to exchange our bitcoins .

It is really that the banks are going to make disappear because of bitcoins. Because the government is going to choose banks rather than bitcoin, because they can control and manipulate the flow of money with banks unlike in bitcoins that is going to be hard for them to control it for it is a decentralized currency.

The major factor is that banks have support from the Government and that makes it even more stronger and bitcoin involves very few users at a moment and bitcoin and banks cannot be compared as bitcoin is too small in compare to banks.

When you have someone who is willing to give you money when you make a mistake of course you're going to be stronger because you can have less responsibility and make more risky investments. Bitcoin could be used in banks, however it is incredibly unlikely that they'd want to go through with that because they would lose a considerable amount of profits.

[Tanic]

I doubt that banks will ever disappear. There always will be people who need money and people who need to keep their money in some protected place as Swiss banks. But today paper money are going in past and even cards may disappear. So I think banks just will find out how to work in this new terms and will continue their activity on some other level.

[jak3]

yes it can make banks disapper but it is not made for the compition it is made as an improved version of money system because bank system is the only chooise for us before bitcoin

[goinmerry]

I doubt that banks will ever disappear. There always will be people who need money and people who need to keep their money in some protected place as Swiss banks. But today paper money are going in past and even cards may disappear. So I think banks just will find out how to work in this new terms and will continue their activity on some other level.

That is what is good with this banks. They can offer a loan instantly or even cash from your own credit card. Sure people are being fooled by this things now. But it is getting lesser as time goes by. People are getting wise when it comes to money and they are seeking options with a low percentage when it comes to loaning.

[digaran2]

i think btc cannot make banks disappear, because banks are so strong that it is not possible in present time to disappear banks, because bitcoin still need so many hard world to become so popular that people start using bitcoin instead of fiat currency.

[CoinFoxs]

yes it can make banks disapper but it is not made for the compition it is made as an improved version of money system because bank system is the only chooise for us before bitcoin

I don't think so bitcoin can disappear banks because banks are dealing with the local currency that is accepted in the country, and it will happens then definitely banks start dealing with bitcoins. By the way it will gonna happen.

[elena-tur]

Very poor reduction in banks disappear and bitcoin will take their place. This is not true. Banks will always have its place in the global economy.