Can Bitcoin make Banks disappear?

[2double0]

Bitcoin can never be destroyed no matter what effort is been made to bring it down.

That's not the thing here. This is about making banks disappeared with the use of Bitcoins only and not about destroying bitcoins.
But yes, Bitcoins will never disappear no matter whatever ways governments take if they will ever try to ban it, but Bitcoins can't make banks disappear.

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[mastica]

No bitcoin has limitations at the products that banks does provide as loan, with aa long repayment period, something that with bitcoin no one will risk to do loans for over 30 days. The fluctuation at bitcoin doesnt allow to borrow bitcoins for a long period, and the service that banks provides bitcoin cant offer without a small risk, bitcoin gets value over time but no one knows if it will stop.

[Yaupgitda]

No bitcoin has limitations at the products that banks does provide as loan, with aa long repayment period, something that with bitcoin no one will risk to do loans for over 30 days. The fluctuation at bitcoin doesnt allow to borrow bitcoins for a long period, and the service that banks provides bitcoin cant offer without a small risk, bitcoin gets value over time but no one knows if it will stop.

The bitcoin is the same currency as the fiat. So the banks can borrow and lend out the bitcoin in the same way as fiat.

[JasonXG]

I think one day in the future anything can be possible and certainly it is possible that bitcoin and blockchain technology can take over banking one day wince its simply better but the thing is the banks will fight as hard and as dirty as they can torevent that from happening and keep their precious profits.

[ImnotOctopus]

It will only make it disappear when there will be a lot of people that is going to use Bitcoin otherwise it will be not possible for them and that will takes indeed a long time.
So you have to know that there will be a lot of people must promote Bitcoin to disappear the bank which is i think impossible.

[Rahar02]

I think one day in the future anything can be possible and certainly it is possible that bitcoin and blockchain technology can take over banking one day wince its simply better but the thing is the banks will fight as hard and as dirty as they can torevent that from happening and keep their precious profits.

there are opinions about bitcoin could be a better option than just using fiat money that impact to banks of course, in order to stay still banks might adopt blockchain technology, maybe not in anytime soon but about 5-10 years later when bitcoin growth rapidly all over the world and using mainstream by people as accepted payment.

[Victorycoin]

Banks have been there since ages and they have their own degree of limitations and Bitcoins have its own.
So whatever happens, banks won't disappear at any cost because we will still need them.

Yes banks are not going anywhere, but they certainly will be operating from another point of view and this time, from mostly the point of view of peer 2 peer payment settlement. Those banks with mundane ideas set in stone, would have either to update and innovate or simply go under. Bitcoin indeed is an eye opener!

[genos]

Banks have been there since ages and they have their own degree of limitations and Bitcoins have its own.
So whatever happens, banks won't disappear at any cost because we will still need them.

Yes banks are not going anywhere, but they certainly will be operating from another point of view and this time, from mostly the point of view of peer 2 peer payment settlement. Those banks with mundane ideas set in stone, would have either to update and innovate or simply go under. Bitcoin indeed is an eye opener!

Probably the frecuency of people who use bank will decreased and replaced by bitcoin wallet. But I think bank will still running good becouse bank are supported by goverment. May b bank will create their own altcoin/digital currency. Becouse bank system now is realy conventional and bitcoin blockchain system is modern.

[asuryan180]

Well,the system has been established for a really long time and I think it will be really hard for Bitcoin to take over the banks and stuff but it will be possible as long as people turn into Bitocin and see it as a powerful means for money exchange and know what it is all about.
That's why we need more campaigns so that we can grow the number of people who are into BTC really.

[arransiv]

Banks have been there since ages and they have their own degree of limitations and Bitcoins have its own.
So whatever happens, banks won't disappear at any cost because we will still need them.

Yes banks are not going anywhere, but they certainly will be operating from another point of view and this time, from mostly the point of view of peer 2 peer payment settlement. Those banks with mundane ideas set in stone, would have either to update and innovate or simply go under. Bitcoin indeed is an eye opener!

Probably the frecuency of people who use bank will decreased and replaced by bitcoin wallet. But I think bank will still running good becouse bank are supported by goverment. May b bank will create their own altcoin/digital currency. Becouse bank system now is realy conventional and bitcoin blockchain system is modern.

A lot of banks are learning more about the blockchain, the big difference in the future will be just one: they will fire a lot of employes and will be everything more easily.

At least they are moving on too...

[Zadicar]

Banks have been there since ages and they have their own degree of limitations and Bitcoins have its own.
So whatever happens, banks won't disappear at any cost because we will still need them.

Yes banks are not going anywhere, but they certainly will be operating from another point of view and this time, from mostly the point of view of peer 2 peer payment settlement. Those banks with mundane ideas set in stone, would have either to update and innovate or simply go under. Bitcoin indeed is an eye opener!

Probably the frecuency of people who use bank will decreased and replaced by bitcoin wallet. But I think bank will still running good becouse bank are supported by goverment. May b bank will create their own altcoin/digital currency. Becouse bank system now is realy conventional and bitcoin blockchain system is modern.

A lot of banks are learning more about the blockchain, the big difference in the future will be just one: they will fire a lot of employes and will be everything more easily.

At least they are moving on too...

Nah, even  if those  banks  would be already awared on  blockchain  but  still they could not able to  perfect the concept of bitcoin  in  terms  of   its  accesibility and  features and for sure government  would not  intent  to do such thing to  build  blockchain based  into bitcoin. Its  just a  nonsense  thing after all. Bitcoin cant  make banks  disappear no matter  what.

[severaldetails]

I think one day in the future anything can be possible and certainly it is possible that bitcoin and blockchain technology can take over banking one day wince its simply better but the thing is the banks will fight as hard and as dirty as they can torevent that from happening and keep their precious profits.

I don't think so that anything will be possible in future. Because there much be some sort of exclusion of the technology. Even though this is going to give convenience to the people as with bitcoin they don't have to go to banks. But bank is one of the needed body agency or establishment by a country to manage the wealth of the people.

I am relatively sure that bitcoin will never be able to replace banks.
First of all bitcoin has too many weak spots. The blocksize problem, limited supply, low adaption, just to mention a few.
Then banks not only offer money transfer, they offer service. And that is something a lot of people need because they are overwhelmed just by managing an account.

[serjent05]

I think one day in the future anything can be possible and certainly it is possible that bitcoin and blockchain technology can take over banking one day wince its simply better but the thing is the banks will fight as hard and as dirty as they can torevent that from happening and keep their precious profits.

I don't think so that anything will be possible in future. Because there much be some sort of exclusion of the technology. Even though this is going to give convenience to the people as with bitcoin they don't have to go to banks. But bank is one of the needed body agency or establishment by a country to manage the wealth of the people.

I am relatively sure that bitcoin will never be able to replace banks.
First of all bitcoin has too many weak spots. The blocksize problem, limited supply, low adaption, just to mention a few.
Then banks not only offer money transfer, they offer service. And that is something a lot of people need because they are overwhelmed just by managing an account.

I agree, bank owners are very clever, they can manage to adopt bitcoin or adapt in the situation.  Beside, bank is not only use for currency but as safety deposits of things that has high value.  You can even keep your bitcoin priv. key details on a bank.  Bank have lots of usage or function and not only for keeping currency.

[onelove2111]

I think one day in the future anything can be possible and certainly it is possible that bitcoin and blockchain technology can take over banking one day wince its simply better but the thing is the banks will fight as hard and as dirty as they can torevent that from happening and keep their precious profits.

I don't think so that anything will be possible in future. Because there much be some sort of exclusion of the technology. Even though this is going to give convenience to the people as with bitcoin they don't have to go to banks. But bank is one of the needed body agency or establishment by a country to manage the wealth of the people.

The banking system is very seriously considering the threat posed by cryptocurrency and therefore most of the countries and their financial institutions are learning to adopt many stages of work with bitcoin and blockchain.

[Babayega31]

I think one day in the future anything can be possible and certainly it is possible that bitcoin and blockchain technology can take over banking one day wince its simply better but the thing is the banks will fight as hard and as dirty as they can torevent that from happening and keep their precious profits.

I don't think so that anything will be possible in future. Because there much be some sort of exclusion of the technology. Even though this is going to give convenience to the people as with bitcoin they don't have to go to banks. But bank is one of the needed body agency or establishment by a country to manage the wealth of the people.

The banking system is very seriously considering the threat posed by cryptocurrency and therefore most of the countries and their financial institutions are learning to adopt many stages of work with bitcoin and blockchain.

I don't think so that banks will disappear, because many  big businessmen invest their money with them, although bitcoins plays a big part of online aspects like trading it doesn't mean it will take advantage compare to banks. Many people starts to learn bitcoin using particularly online transaction but online banking are now competing in modern lifestyle, so in conclusion bank and bitcoin ahs its own capability to show both of them were on track of economy.

[Juggy777]

I don't think banks will vanish. They will open up Bitcoin counter as and when it's legal to do so. Banks will and always stay. Bitcoin will soon be a part of banks maybe 2-5 years down the line.

[mirakal]

I think one day in the future anything can be possible and certainly it is possible that bitcoin and blockchain technology can take over banking one day wince its simply better but the thing is the banks will fight as hard and as dirty as they can torevent that from happening and keep their precious profits.

I don't think so that anything will be possible in future. Because there much be some sort of exclusion of the technology. Even though this is going to give convenience to the people as with bitcoin they don't have to go to banks. But bank is one of the needed body agency or establishment by a country to manage the wealth of the people.

The banking system is very seriously considering the threat posed by cryptocurrency and therefore most of the countries and their financial institutions are learning to adopt many stages of work with bitcoin and blockchain.

I don't think so that banks will disappear, because many  big businessmen invest their money with them, although bitcoins plays a big part of online aspects like trading it doesn't mean it will take advantage compare to banks. Many people starts to learn bitcoin using particularly online transaction but online banking are now competing in modern lifestyle, so in conclusion bank and bitcoin ahs its own capability to show both of them were on track of economy.

Banks makes the money and the money that we use in buying bitcoin is created by banks so it's like saying that you will replace or you can make your creator disappear, we need to know where to stand as we are just a small community and though we are progressive but the number of users we have are just limited.

[agamasrori]

I don't think banks will vanish. They will open up Bitcoin counter as and when it's legal to do so. Banks will and always stay. Bitcoin will soon be a part of banks maybe 2-5 years down the line.

Yes bank is toward bitcoin. So I think they will cooperated with bitcoin.  If bank stay on their system they will unysed by people. They have to keep moving forward. Any conventional must be replaced by the modern one.

[Juggy777]

I don't think banks will vanish. They will open up Bitcoin counter as and when it's legal to do so. Banks will and always stay. Bitcoin will soon be a part of banks maybe 2-5 years down the line.

Yes bank is toward bitcoin. So I think they will cooperated with bitcoin.  If bank stay on their system they will unysed by people. They have to keep moving forward. Any conventional must be replaced by the modern one.
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Yes sir. Only a matter of time before banks do it. It will be a revolution and which ever bank does it, it shall create history. Can't wait for the banks to do it. Sooner or later let's hope for the best.

[salemon]

Despite the world economic crisis of the banking system is sufficiently robust and strong, even if some banks burst. Therefore, to break their bitcoin will not be easy, and even seems to me impossible. But it all depends on the demand and popularity cryptocurrency.