Can Bitcoin make Banks disappear?

[klopcoin]

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

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.

Yes that is the best answer after all. Bitcoin will not make bank dissapear. But there is one thing can be change obviously. Yes that is the frecuention of using bitcoin will be increase every time. Becouse a realise that use bitcoin as currency is give us more advantage than using fiat. Bitcoin is more practicaly and low fee than credit card.

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[milewilda]

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

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.

In short  both thing doesnt  affect each others path.  Its very  impossible for bitcoin  to  make banks would disappear  because   banks are there  for  a  long time and   its been already established  and  implemented  and also  plays a role society  which controlled by the  government  therefore  bitcoin would  not   do anything about it  even  how  bitcoin would  progress up in the future. Government would not   let this thing to happen though.

[DrGuns4Hands]

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

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.

In short  both thing doesnt  affect each others path.  Its very  impossible for bitcoin  to  make banks would disappear  because   banks are there  for  a  long time and   its been already established  and  implemented  and also  plays a role society  which controlled by the  government  therefore  bitcoin would  not   do anything about it  even  how  bitcoin would  progress up in the future. Government would not   let this thing to happen though.

You are right! We know that bitcoin will be more famous in the future but it wont happen that bitcoin will replace banks! Yes we use bitcoin in our daily stuff and also we can spend it in real life but that doesnt mean that bank could disappear with that because we are sure that government will stop it what ever happens.

[Oilacris]

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

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.

In short  both thing doesnt  affect each others path.  Its very  impossible for bitcoin  to  make banks would disappear  because   banks are there  for  a  long time and   its been already established  and  implemented  and also  plays a role society  which controlled by the  government  therefore  bitcoin would  not   do anything about it  even  how  bitcoin would  progress up in the future. Government would not   let this thing to happen though.

You are right! We know that bitcoin will be more famous in the future but it wont happen that bitcoin will replace banks! Yes we use bitcoin in our daily stuff and also we can spend it in real life but that doesnt mean that bank could disappear with that because we are sure that government will stop it what ever happens.

Government would  surely stop  it because  they dont want to implement  some stuffes without being  controlled  by them as we all know that  bitcoin cant be controlled thats why government would  saw that  bitcoin would  be  threat for them and  wont  let  any thing  to happen.

[Zadicar]

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

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.

In short  both thing doesnt  affect each others path.  Its very  impossible for bitcoin  to  make banks would disappear  because   banks are there  for  a  long time and   its been already established  and  implemented  and also  plays a role society  which controlled by the  government  therefore  bitcoin would  not   do anything about it  even  how  bitcoin would  progress up in the future. Government would not   let this thing to happen though.

You are right! We know that bitcoin will be more famous in the future but it wont happen that bitcoin will replace banks! Yes we use bitcoin in our daily stuff and also we can spend it in real life but that doesnt mean that bank could disappear with that because we are sure that government will stop it what ever happens.

Government would  surely stop  it because  they dont want to implement  some stuffes without being  controlled  by them as we all know that  bitcoin cant be controlled thats why government would  saw that  bitcoin would  be  threat for them and  wont  let  any thing  to happen.

As other member  said right  here  bank and  bitcoin  isnt related  to  each other  becuase  banks  are  just storage of our fiat currency and bitcoin is only a digital currency  it  wont  affect  each other as well as  long  as  government  didnt adopt  bitcoin on a certain country.

[iqlimasyadiqa]

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

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.

in fact when we can maintain the security access then we can also make bitcoin we have secured very well. even bitcoin provides strong security access if we can carefully store the data they hold.

[lottery248]

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

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.

in fact when we can maintain the security access then we can also make bitcoin we have secured very well. even bitcoin provides strong security access if we can carefully store the data they hold.

actually all the bitcoin core holders are needed to synchronize everything in the blockchain, even the key is secured well, do you mean there is still a possibility of private key leaking?

[Yaupgitda]

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

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.

in fact when we can maintain the security access then we can also make bitcoin we have secured very well. even bitcoin provides strong security access if we can carefully store the data they hold.

actually all the bitcoin core holders are needed to synchronize everything in the blockchain, even the key is secured well, do you mean there is still a possibility of private key leaking?

As long as there is a consensus, there is no need for everyobody to use the core. Some people are using the Classic.

[South Park]

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.

Bitcoin has a lot more uses than any bank, just the blockchain technology is so revolutionary that is going to change a lot of things. Right now the only problem with bitcoin is adoption.

[MTBTT]

I think it would not be possible, the same as the impossibility for bitcoin to be able to shift fiat, as long as there fiat bank will continue to exist

[lottery248]

I think it would not be possible, the same as the impossibility for bitcoin to be able to shift fiat, as long as there fiat bank will continue to exist

the bitcoin value is based on fiat, so bitcoin must come with a bank so far, unless the commodities are backable to bitcoin.

[bamboylee]

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.

Bitcoin has a lot more uses than any bank, just the blockchain technology is so revolutionary that is going to change a lot of things. Right now the only problem with bitcoin is adoption.

You are right with it, bitcoin needs more mass adoption but the fact that even though bitcoin has a lot of users already. Many are not going to agree if we are going to make the total phase out of banks. And the government is going to make a lot of complain if their people is not going to use any bank service because of bitcoin, because banks are taxable and bitcoin is not.

The government does not have to complain, they just have to ban bitcoin in their country if they want it. That is why banks will not disappear, the government will back and protect them against any threat.

[South Park]

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.

Bitcoin has a lot more uses than any bank, just the blockchain technology is so revolutionary that is going to change a lot of things. Right now the only problem with bitcoin is adoption.

You are right with it, bitcoin needs more mass adoption but the fact that even though bitcoin has a lot of users already. Many are not going to agree if we are going to make the total phase out of banks. And the government is going to make a lot of complain if their people is not going to use any bank service because of bitcoin, because banks are taxable and bitcoin is not.

Governments and banks for the most time don’t complain since they have control of the money and the laws, so they can make bitcoin illegal although I think that will make bitcoin even more valuable, for example look at the war on drugs, illegal drugs are that expensive because they are illegal.

[abonarea]

Current financial system run by bankers already facing serious threat but Bitcoin has nothing to do in this regard. Bitcoin just opened a new door for banks by introducing blockchain technology. Banks has no direct threat from Bitcoin because of its design and limited supply. Bitcoin will keep its independent identity till new digital currency era starts. Where bitcoin will keep important position to deal with.

[Doamader]

Thats true neither bitcoin neither banks are a problem, both has their costumers and people do need banks for daily needs, while bitcoin is more an extra feature to be used.

[richardsNY]

Current financial system run by bankers already facing serious threat but Bitcoin has nothing to do in this regard. Bitcoin just opened a new door for banks by introducing blockchain technology. Banks has no direct threat from Bitcoin because of its design and limited supply. Bitcoin will keep its independent identity till new digital currency era starts. Where bitcoin will keep important position to deal with.

Believe me, banks do fear Bitcoin as it has the potential to complete put banks offside if people all work together and start shifting to Bitcoin. This however is something that will most likely never happen as the majority of the people (average joe) will keep using banks for as long as possible. Another thing is that the current supply of Bitcoin isn't an issue at all since you can split 1 BTC into 100,000,000 Satoshi's. You can even choose to change your wallet settings to show your coin balance in mBTC or uBTC.

1 BTC = 1000 mBTC.
1 BTC = 1,000,000 uBTC.
1 mBTC = 0.001 BTC.
1 uBTC = 0.000001 BTC.

[MyIdeas]

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

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.

But the issue is that there are some people who put their money in banks because the want to earn profit and so they now have found another place which is bitcoin which pay a much higher profit to the holders of bitcoin so banks will remain empty.

[dragonusa9]

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

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.

But the issue is that there are some people who put their money in banks because the want to earn profit and so they now have found another place which is bitcoin which pay a much higher profit to the holders of bitcoin so banks will remain empty.

i dont know any profit like higher profit on bitcoin sir, except the price rising at the moment and the anony.
price can falling too, but banks will give you profit whenever thing happened as long you keep your money on the bank

[pinoycash]

Thats true neither bitcoin neither banks are a problem, both has their costumers and people do need banks for daily needs, while bitcoin is more an extra feature to be used.

But thinking hat bitcoin will going to replace banks in the scene is very impossible. And I think banks are playing an important role in a society they are not going to be replaced easily even though people is not using them often. But for me, both must be balance and keep on using by the people so that it will remain in the economy.

A bank that only deals with bitcoins is much probable scenario in the future. but since we can basically hold our bitcoins in our own wallet and manage it from there.. banks will become obsolete in the future.

[Vaclya]

Banks will always be needed, even if their not needed they will make sure there is something new that we need them for. they wont just close their doors and move along because some decentralized bitcoin comes along.