Can Bitcoin make Banks disappear?

[BitcoinPanther]

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

Banks still my last word is not said, and had not even come to that. Believe me, bitcoin is self-sufficient, but the banking system is better-off than we think.

That is going to make banks stronger because they have been trusted by the people they are the ones that will be used by the people so if bitcoin will make bitcoins disappearance then the people will get mad at it, those people who doesn't really know what bitcoin is. But for us who loves to use bitcoin that is a tax free market.

Lol if you think that you are free from tax when you buy with bitcoin, think again .  Aside from income tax, there are several tax that are impose in services and goods.  It is not the government that is taking advantage of the users or buyers, it is the merchant you pass the responsibility to us consumer.  The mark-up of the goods we bought are with all the taxes and value added taxes.

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[lOvE mE forEvEr]

I would like to see that happen, disappearing of banks sounds great. But unfortunately that will not happen. For me its hard to predict what will banks do about and with bitcoin but for sure they have some plans. What is for some bank couple million dollars,  they can came in the game when ever they wish, maybe they are in now who can tell?

[whizter]

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

Banks still my last word is not said, and had not even come to that. Believe me, bitcoin is self-sufficient, but the banking system is better-off than we think.

That is going to make banks stronger because they have been trusted by the people they are the ones that will be used by the people so if bitcoin will make bitcoins disappearance then the people will get mad at it, those people who doesn't really know what bitcoin is. But for us who loves to use bitcoin that is a tax free market.

bitcoin is really becoming stronger and stronger, and going is not going to disappear any where, we will use it for ever and will get benefit from it.

[BitHodler]

I would like to see that happen, disappearing of banks sounds great. But unfortunately that will not happen. For me its hard to predict what will banks do about and with bitcoin but for sure they have some plans. What is for some bank couple million dollars,  they can came in the game when ever they wish, maybe they are in now who can tell?

How can you say that when banks disappear, that it will be great? You really don't know what you are talking about.

First of all, there is absolutely no need for Bitcoin to replace anything as both can work alongside each others without any problems.

And second, the power is within the hands of the governments. Only they have the ability/power to change something in their financial system. Bitcoin has not even a slight chance.

[Aamir1]

As u can see many country's banks are adopting bitcoins in their transactions and I really feel banks will go down some day with just an app and websites.
Which is almost there already..

We cannot expect that each and every bank from different countries will start accepting bitcoins in future as Governments of certain countries will surely oppose bitcoins and won't support them as it can be a threat to their financial system and in that case banks will always keep on operating.

Exactly, and if they really reach the point where they think they would need to do something else as the banks wont run anymore, they would probably make their own coins or something which will be in their control as they would not be able to have any control on bitcoin i guess.

[Doamader]

But why would us or regular clients of fiat invest into banks accounts knowing they can manipulate the value whenever they wanna, if they provide some advantage to get their coins, it will be a sucess otherwise i do believe they will fail.

[jonpande]

Banks will never disappear, because there will always be people who will depend on the bank, no bank, fiat could not exist, because the bank is the only one that creates the money, so there is no reason for banks to disappear.

[bitcoluck]

I hope of course that bitcoin will be more popular and more used. but banks are important and a main part of the economical system, I think bitcoins will coexist with banks.

[BitMaxz]

I would like to see that happen, disappearing of banks sounds great. But unfortunately that will not happen. For me its hard to predict what will banks do about and with bitcoin but for sure they have some plans. What is for some bank couple million dollars,  they can came in the game when ever they wish, maybe they are in now who can tell?

How can you say that when banks disappear, that it will be great? You really don't know what you are talking about.

First of all, there is absolutely no need for Bitcoin to replace anything as both can work alongside each others without any problems.

And second, the power is within the hands of the governments. Only they have the ability/power to change something in their financial system. Bitcoin has not even a slight chance.

There is no way that banks will gone or disappear if banks will disappear it can affect also the price of bitcoin all everything online related in fiat will gone.. banks are the main source of money why we have money and that is why bitcoin can exchange into fiat because of banks. they are perfect couple just like you said.. and yeah i believe bitcoin is just alternative payment processor or investment

[coinfast]

Banks will never disappear, because there will always be people who will depend on the bank, no bank, fiat could not exist, because the bank is the only one that creates the money, so there is no reason for banks to disappear.

[BlokF4No27]

The power of bitcoin is big, but not big. I think in the end banks will develop their own bitcoin and force it onto their customers. Problem is they must make it way cheaper else people will still go with bitcoin.

[jak3]

banks are ruling the whole world since many years , after the country concuring each other its banks war started and today we can see their real result but thanks to satoshi he finally put a choice in our hands we are now free to use the money wherever we want to . banks can not give these fesilitys ever but sadly banks will not disappear with such small insident

[JANGKRIK BOSS]

The people would not leave banks with the establishing of bitcoins, as the bank do not only for saving or investment of public fiats. Nowadays the banks have a major role in state finance also. All the state finances are controlled and regulated in state banks.

[mirakal]

The people would not leave banks with the establishing of bitcoins, as the bank do not only for saving or investment of public fiats. Nowadays the banks have a major role in state finance also. All the state finances are controlled and regulated in state banks.

Banks is here because it is secure and it will secure our savings as it is legally operating, bitcoin on the other hand is just like an investment for me since the price is volatile and it has been increasing in the past few days and that's why bitcoin is called valuable and it will grow the value of your money. Never put your money all in bitcoin although it's very profitable by the chance of losing is also big.

[Xenophoto]

Banks will never disappear, because there will always be people who will depend on the bank, no bank, fiat could not exist, because the bank is the only one that creates the money, so there is no reason for banks to disappear.

The bank does not create money. The bank simply makes sure that your money is secure. I wonder what would happen to banks when people start to not use fiat any longer. It will only lead to financial loss when people aren't interested in using their service anymore considering the fact that they have a wide workplace. They spend a lot of money paying for all of those employees and if no one's using their service, they would have to remove some employees until eventually shut the whole bank down.

[thejaytiesto]

Banks will never disappear, because there will always be people who will depend on the bank, no bank, fiat could not exist, because the bank is the only one that creates the money, so there is no reason for banks to disappear.

The bank does not create money. The bank simply makes sure that your money is secure. I wonder what would happen to banks when people start to not use fiat any longer. It will only lead to financial loss when people aren't interested in using their service anymore considering the fact that they have a wide workplace. They spend a lot of money paying for all of those employees and if no one's using their service, they would have to remove some employees until eventually shut the whole bank down.

I think people will keep using fiat as long as fiat is accepted worldwide in exchange of good and services... is that simple.

Of course, people is going to hate the fact that physical cash will be removed. Everyone likes to use physical cash, so once it disappears, they will find out that the only thing similar left in the world will be bitcoin, I think on that moment is when we will explode in marketcap.

[dustboy]

Bank will never disappear, people will still using fiat till the end of the world no matter what happen with btc. Bitcoin is just a crypto currency that will never replace fiat currency. I have no doubt about it

[stomachgrowls]

Bank will never disappear, people will still using fiat till the end of the world no matter what happen with btc. Bitcoin is just a crypto currency that will never replace fiat currency. I have no doubt about it

I really do agree with  you, its really impossible  for a  digital  currency  to replace  the fiat currency which is  being  already used  since the   beggining  of   time and  people do  have really  trust on it and  fiat  is already  being established and   strong  for how many years already so that it would really impossible for this thing to be happen.

[BADecker]

Bank will never disappear, people will still using fiat till the end of the world no matter what happen with btc. Bitcoin is just a crypto currency that will never replace fiat currency. I have no doubt about it

I really do agree with  you, its really impossible  for a  digital  currency  to replace  the fiat currency which is  being  already used  since the   beggining  of   time and  people do  have really  trust on it and  fiat  is already  being established and   strong  for how many years already so that it would really impossible for this thing to be happen.

You are discounting the fact the human race is transitioning to a digital world where everything is already electronic. There would come a time where the paper money will no longer be used. Bitcoin or maybe another electronic currency will replace paper money! It is inevitable.

There will come a time when solar flares disrupt the electrical grid and electronic money will disappear. Fiat will go down at the same time, because it is electronic money.

[Caladonian]

Bank will never disappear, people will still using fiat till the end of the world no matter what happen with btc. Bitcoin is just a crypto currency that will never replace fiat currency. I have no doubt about it

it can replace fiat in terms of internet transaction but in the real sense of fiat bitcoin can never deal with that, because of limitation bitcoin can only be use in a system that needs computers or a electronic device it can never be use in a isolated place where people doesn't know how to use those equipment.