klopcoin
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October 15, 2016, 12:40:11 PM |
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off course can bitcoin not make banks disappear what will the world be like if there where no banks. Where do we all need to store our money i dont think it would verry save on earth on that moment.
I thought you are going to answer it YES because you agree with ofcourse then segway lol, anyways bitcoin can't really make banks disappeared even bitcoin will becoming more popular than bank, We are using banks since bitcoin not alive in that year and bank helps us to save and to earn money. People have more faith in banks as they are using it since long time and there are many people who are not aware about bitcoins yet and even if they get aware they will continue to use banks and not bitcoins. People need both. Bitcoin is as important as bank for me. Becouse bitcoin is not just a currency but it an investment too. I think it would be good if both are always alive. |
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bitcoin21
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October 15, 2016, 12:47:24 PM |
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I think that banks will not disapper completely. They have a task to finance businesses. But I think that people will get more independed from banks in the future. Thanks to Bitcoin and others.
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Zadicar
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October 15, 2016, 01:41:38 PM |
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I think that banks will not disapper completely. They have a task to finance businesses. But I think that people will get more independed from banks in the future. Thanks to Bitcoin and others.
You have a point though but still people would really still depend on banks on the future hence its part of the economy and play an important role . Government would not allow that banks would disappear because they have a full control of it. Bitcoin would somehow be succesful on future regarding on online transactions. |
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caxandra
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October 15, 2016, 03:32:15 PM |
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I don't think it will change the economy that much, banks are an integral part of the economy and how currencies work and I don't think bitcoin is deleting it but rather might be a portion of it in time and I don't think it's impossible to see a real bitcoin bank in the future.
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goinmerry
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October 15, 2016, 03:39:00 PM |
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I don't think it will change the economy that much, banks are an integral part of the economy and how currencies work and I don't think bitcoin is deleting it but rather might be a portion of it in time and I don't think it's impossible to see a real bitcoin bank in the future.
Yeah and they have a lot of rich subscribers. So it wont be easy to pull down banks. Maybe of could rob one bank in many places at the same time you could take them down. I highly doubt there is someone who could do that. If you rob just one bank in one place they could make it back thanks to the people. |
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chen miao
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October 15, 2016, 03:47:17 PM |
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When you exchange bitcoin to fiat money most of the time it goes through banks so you can't disappear banks. The same is also when buying bitcoins through your debit card or bank account it goes through bank.
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BitcoinHodler
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October 15, 2016, 03:50:11 PM |
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When you exchange bitcoin to fiat money most of the time it goes through banks so you can't disappear banks. The same is also when buying bitcoins through your debit card or bank account it goes through bank.
the only reason for that is because we need fiat to function. in other words if we could use bitcoin as a currency for every day needs and in every shop out there, then there would have been no need for banks and i think that is the only way that bitcoin can make banks disappear or at least make them less useful than before. |
Holding Bitcoin More Every Day
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eddyubachs
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October 15, 2016, 03:50:38 PM |
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When you exchange bitcoin to fiat money most of the time it goes through banks so you can't disappear banks. The same is also when buying bitcoins through your debit card or bank account it goes through bank.
Yeah we need banks and fiat money to exchange our bitcoins as we don't have an option to spend it directly and there are not many places that accepts bitcoin as a mode of payment. |
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Mastsetad
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October 15, 2016, 03:57:36 PM |
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I don't think it will change the economy that much, banks are an integral part of the economy and how currencies work and I don't think bitcoin is deleting it but rather might be a portion of it in time and I don't think it's impossible to see a real bitcoin bank in the future.
Though it is not impossible to see a bitcoin bank in future but that would only be possible if a government accepts it in the country to be independent because mostly governments wont like their citizen to use something in form of money which is not in their control. |
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randy8777
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October 15, 2016, 04:07:48 PM |
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When you exchange bitcoin to fiat money most of the time it goes through banks so you can't disappear banks. The same is also when buying bitcoins through your debit card or bank account it goes through bank.
Yeah we need banks and fiat money to exchange our bitcoins as we don't have an option to spend it directly and there are not many places that accepts bitcoin as a mode of payment. even if it was possible to spend our coins directly, merchants accepting bitcoin as payment option depend on fiat. all their sales are directly converted to fiat by their payment provider. they just receive the money in their bank account. they will mosy likely never accept the coins directly due to regular heavy fluctuations. |
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RealBitcoin
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October 15, 2016, 04:14:14 PM |
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NO.
Normally it would if everyone would take charge of their money.
But since 99% of the population is sheep or dumb, they cant store their money safely (just look at the number of people who get hacked or lose their passwords).
So banks wont dissapear for at least another 500 years.
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South Park
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October 15, 2016, 09:54:16 PM |
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Bitcoin is online currency and bank is money storage offline. I mean it is different, bitcoin won't disappear the bank. Bank will just adopt bitcoin in the future whether they like it or not.
First of all most banks are able to process online transactions, so they are not offline, second banks only store about 10% of your deposit this is called fractional reserve banking so they don’t have all your money stored somewhere safe they are using it. |
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kidoseagle0312
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October 16, 2016, 12:08:57 PM |
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Bitcoin does not any intention to make banks disappear that's I thought. actually bitcoin can be a good tandem in the bank or in any banks, if they will only see the edge of bitcoin.
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8Habits
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October 16, 2016, 12:31:39 PM |
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Bitcoin does not any intention to make banks disappear that's I thought. actually bitcoin can be a good tandem in the bank or in any banks, if they will only see the edge of bitcoin.
I could not agree more. Bitcoin was created as an alternative for consumers in their transactions online. As we all know, there are quite some requirements and the fee is somehow high when we transact online with fiat money. However, you can conveniently do it with bitcoin at a very cheap fees and at the same type you have that feeling of privacy in your financial affairs. |
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Noctis Connor
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October 16, 2016, 12:39:10 PM |
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I dont see that Bank will disappear as Bank is the main need of all business until all country dont adopt bitcoin as their currency but still i dont think bitcoin will become main currency. ya but bitcoin can become investment option like gold , silver etc., but coming to main stream is very hard.
Yes bank is all business needs to save the income or daily income to there store or anything bitcoin is just a source of income from internet it is a currencies that we can trade into another currencies and i don't that bitcoin will disappear the main saving money on earh. |
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Aamir1
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October 16, 2016, 12:39:20 PM |
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NO.
Normally it would if everyone would take charge of their money.
But since 99% of the population is sheep or dumb, they cant store their money safely (just look at the number of people who get hacked or lose their passwords).
So banks wont dissapear for at least another 500 years.
Exactly, not everyone in the world are technical enough to understand and use the technology called bitcoin, but almost the biggest part of the world are far away from technology and that population would probably not let the banks replaced by something totally based on technology. |
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fantoos
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October 16, 2016, 12:41:15 PM |
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We should not take everything as competitor to other things. Bitcoin has solved lot of issues which customers of traditional financial institutions like banks were facing. It is good thing as Bitcoin just reduced the burden and isn't posing direct threat to current banking system. They will come more closer in future and will work in coexistence to serve the people better.
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mastica
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October 16, 2016, 12:54:50 PM |
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Bitcoin provides a service, but cant remove anything, and banks are the most powerful companie that has country support and people, soo be sure this wont happen never.
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danherbias07
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October 16, 2016, 12:59:04 PM |
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It could be merging that could happen. With banks help and some introduction to people who are already their customers it will grow bigger. Then can make bitcoin as a suggestion for those who want to transact online specially now that online shops are really growing.
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jonpande
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October 16, 2016, 01:02:20 PM |
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I do not think Bitcoin will make disappear Bank
because the bank has a different purpose and function, investment, payroll in large companies.after few decades maybe, but definitely not in the near future, banks are really strong right now and a lot of people have their money there so i dont think that the bitcoin is strong enough to do that.
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