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Author Topic: Can Bitcoin make Banks disappear?  (Read 427559 times)
20kevin20
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October 21, 2016, 07:01:20 AM
 #2741

Bitcoin can't make banks disappear,cause banks are protected by goverments of different countries and bitcoin is illegal in many countries, it's really matter
yeah people must take a notice about this , banks available around the world
and it was regulated under governments noone can touch it
bitcoin is far too weak compared to banks for now
but who knows in the next few years it could be i just have more doubt on this.

bitcoin is much stronger that you may think.
but the fact that it can not replace the fiat as we know it only shows that government is stronger.
and also they are deeply involved with fiat so they won't want to give it up;

Yup banks are the strongest financial institution that we have and comparatively the size of bitcoin is too small and banks holds maximum satisfied users who will keep on growing over a period of time.
Banks is a big institution or an industry since they are the one making the paper money in the circulation and banks have rules that they follow created by the government so people feel secured of their money entrusted to the bank, while in bitcoin there are no rules so it is not secured at all.

It is secure enough to be used by a bank. Otherwise, nobody would use it. It's only the control that is missing, and we know they want to control us.
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October 21, 2016, 07:23:18 AM
 #2742

I keep listening to many people talking about that bitcoin will make bank disappear. And also many banks are making possible change of integrating block chain in their banks, very soon bank will disappear.

i see in youtube some video introducing about bitcoin and the disappear bank of it.
if every one using bitcoin, im sure bank can be bankrupt Roll Eyes
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October 21, 2016, 07:35:45 AM
 #2743

I keep listening to many people talking about that bitcoin will make bank disappear. And also many banks are making possible change of integrating block chain in their banks, very soon bank will disappear.

i see in youtube some video introducing about bitcoin and the disappear bank of it.
if every one using bitcoin, im sure bank can be bankrupt Roll Eyes
Its very hard to believe that everyone will start using bitcoin in future as people from poor countries will never have advantage to use them as they lack knowledge and they will prefer to use fiat money for their needs.
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October 21, 2016, 07:37:55 AM
 #2744

I keep listening to many people talking about that bitcoin will make bank disappear. And also many banks are making possible change of integrating block chain in their banks, very soon bank will disappear.

i see in youtube some video introducing about bitcoin and the disappear bank of it.
if every one using bitcoin, im sure bank can be bankrupt Roll Eyes

No because if we dont have banks then where we cashour our money in bitcoin? Think it. Banks create because it is needed not by just saving but also by transferring your money or different kinds of resources into your country's currency. Remittances also have banks. So there is no such thing that we dont need banks. We need banks.
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October 21, 2016, 07:39:23 AM
 #2745

I keep listening to many people talking about that bitcoin will make bank disappear. And also many banks are making possible change of integrating block chain in their banks, very soon bank will disappear.

i see in youtube some video introducing about bitcoin and the disappear bank of it.
if every one using bitcoin, im sure bank can be bankrupt Roll Eyes
Its very hard to believe that everyone will start using bitcoin in future as people from poor countries will never have advantage to use them as they lack knowledge and they will prefer to use fiat money for their needs.

You got that right. Some people just cant afford it and some dont have time to study something again when they are all busy making money with their jobs. It is not for all now and we have to live with that.

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October 21, 2016, 08:11:21 AM
 #2746

I keep listening to many people talking about that bitcoin will make bank disappear. And also many banks are making possible change of integrating block chain in their banks, very soon bank will disappear.

i see in youtube some video introducing about bitcoin and the disappear bank of it.
if every one using bitcoin, im sure bank can be bankrupt Roll Eyes
Its very hard to believe that everyone will start using bitcoin in future as people from poor countries will never have advantage to use them as they lack knowledge and they will prefer to use fiat money for their needs.

You got that right. Some people just cant afford it and some dont have time to study something again when they are all busy making money with their jobs. It is not for all now and we have to live with that.


That is good to consider because it is really impossible that bitcoin is going to make the banks disappear and how it is going to happen if the government is the one who are being accountable for the banks. And without banks no government will able to regulate the flow of the money. So I would say it is impossible.



 

 

 

 

 

 


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October 21, 2016, 02:39:06 PM
 #2747

bitcoin's currently no nothing compared with the bank. the bank has many functions that are not owned bitcoin, in addition to the bank's security is the best in the world.
LOL the security of banks is terrible just look at the amount of robberies cam and frauds that happen every year and the amount of people that suffers the consequences if you know what you are doing you’re a lot more safe with your bitcoin wallet.

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October 21, 2016, 02:43:45 PM
 #2748

Bitcoin can't make banks disappear,cause banks are protected by goverments of different countries and bitcoin is illegal in many countries, it's really matter
yeah people must take a notice about this , banks available around the world
and it was regulated under governments noone can touch it
bitcoin is far too weak compared to banks for now
but who knows in the next few years it could be i just have more doubt on this.

bitcoin is much stronger that you may think.
but the fact that it can not replace the fiat as we know it only shows that government is stronger.
and also they are deeply involved with fiat so they won't want to give it up;

Yup banks are the strongest financial institution that we have and comparatively the size of bitcoin is too small and banks holds maximum satisfied users who will keep on growing over a period of time.
Banks is a big institution or an industry since they are the one making the paper money in the circulation and banks have rules that they follow created by the government so people feel secured of their money entrusted to the bank, while in bitcoin there are no rules so it is not secured at all.
The largest reason this will not happen is because banks make money and these greedy people out there do not want to loose that money.  Also it will cause a collapse of the current currency market which would be bad for the economy.



                                                                                                                                             
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October 21, 2016, 02:46:35 PM
 #2749

Let me give an analogy.

 Can blowjobs make fucking disappear?
To keep it fair  can muff diving make fucking disappear?


the answer to those questions  would be yes (in theory) but the consequences would be hugeeee.  No more child births.


Same as BTC  in theory yes  in practice  huge consequences.


Just think of paying at a gas station and waiting for 2 or 3 confirms.

Or a virus that crashes your in house btc.

Yeah I have  crypto coins  and they are a part of my financial world.



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October 21, 2016, 03:35:20 PM
 #2750

No, I don't think it can. Bank has a lot of uses in compare to bitcoin. And banks has very different system than bitcoin.
People have more believe in banking system than bitcoin and there are many people who are still not aware about bitcoin.
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October 21, 2016, 03:44:04 PM
 #2751

Banks will never be replaced as there will be always need of bank in any country however bitcoin may make banks to rethink and start investing and converting their current traditional way of record keeping to decentralize blockchain which have already started by few banks.
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October 21, 2016, 03:52:16 PM
 #2752

Banks will never be replaced as there will be always need of bank in any country however bitcoin may make banks to rethink and start investing and converting their current traditional way of record keeping to decentralize blockchain which have already started by few banks.

banks being very interested in the blockchain as technology doesn't mean we get to benefit from it as well. banks only look to use the blockchain internally as private chain. they will not hand you over any freedom by allowing everyone to benefit from a technology as the blockchain. they want to rule every aspect of their business with iron fist. that's their system.
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October 21, 2016, 03:52:48 PM
 #2753

No, I don't think it can. Bank has a lot of uses in compare to bitcoin. And banks has very different system than bitcoin.
People have more believe in banking system than bitcoin and there are many people who are still not aware about bitcoin.

Yes and I think bitcoin never make banks disappear as bitcoin is not too much trusted by the people and they have more faith in a banking system so they will continue to use banks.
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October 21, 2016, 04:30:24 PM
 #2754

No, I don't think it can. Bank has a lot of uses in compare to bitcoin. And banks has very different system than bitcoin.
People have more believe in banking system than bitcoin and there are many people who are still not aware about bitcoin.

Yes and I think bitcoin never make banks disappear as bitcoin is not too much trusted by the people and they have more faith in a banking system so they will continue to use banks.
Yeah right bitcoin still not so trusted currency as of now and before when i was scam by ponzi site forgoten bitcoin to use because its scam and before i start that i thought that bitcoin is scam so for now because of low popularity of bitcoin it can be still not defeat those banks and we are still need banks since they are more safe than bitcoin.

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October 21, 2016, 05:39:00 PM
 #2755

No, I don't think it can. Bank has a lot of uses in compare to bitcoin. And banks has very different system than bitcoin.
People have more believe in banking system than bitcoin and there are many people who are still not aware about bitcoin.

Yes and I think bitcoin never make banks disappear as bitcoin is not too much trusted by the people and they have more faith in a banking system so they will continue to use banks.
Yeah right bitcoin still not so trusted currency as of now and before when i was scam by ponzi site forgoten bitcoin to use because its scam and before i start that i thought that bitcoin is scam so for now because of low popularity of bitcoin it can be still not defeat those banks and we are still need banks since they are more safe than bitcoin.

That's right banks are the safest place to save our money and people don't have same feelings for bitcoins at a moment as they always have an fear of loosing their money in it.
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October 21, 2016, 05:47:32 PM
 #2756

No it cannot in my eyes because of the fact that banks are way too powerful simply due to that its not possible at all.
I think it will never gonna happen, banks are maybe gonna accept the bitcoin in the future.
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October 22, 2016, 05:10:36 AM
 #2757

I dont think if bitcoin will make banjs disappear
because not all people can use it especially old peoples who's cant use internet
and lots of country not allow bitcoin to operate on their country Smiley
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October 22, 2016, 05:52:17 AM
 #2758

I dont think if bitcoin will make banjs disappear
because not all people can use it especially old peoples who's cant use internet
and lots of country not allow bitcoin to operate on their country Smiley
thats right so even bitcoin revolutionized it is still cant make bank to dissolved completely because their are still people who will still use banks to entrusted their savings.
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October 22, 2016, 06:05:40 AM
 #2759

I dont think if bitcoin will make banjs disappear
because not all people can use it especially old peoples who's cant use internet
and lots of country not allow bitcoin to operate on their country Smiley
Banks will always be stable and they are here to give us on safekeeping our money, in bitcoin there is not safe keeping at all as the act of putting your money in bitcoin is considerably called already as investment, and all forms of investing has risk so with that statement we need both bank and bitcoin to have a wonderful life.

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virasog
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October 22, 2016, 09:06:14 AM
 #2760

I dont think if bitcoin will make banjs disappear
because not all people can use it especially old peoples who's cant use internet
and lots of country not allow bitcoin to operate on their country Smiley
Banks will always be stable and they are here to give us on safekeeping our money, in bitcoin there is not safe keeping at all as the act of putting your money in bitcoin is considerably called already as investment, and all forms of investing has risk so with that statement we need both bank and bitcoin to have a wonderful life.

Actually, many people are not understand about this point as you explain, and i am agree with you, bank always do their work for safe our money, and give us benefits about saving. And about bitcoin, bitcoin is like a investment, we can use it in different ways and make money.
And one thing is always clear that bank can't disappear to bitcoin, and bitcoin can't disappear to bank.

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