Mr.grin
Legendary
 Offline
Activity: 1218
Merit: 1000
|
 |
November 06, 2016, 01:03:09 AM |
|
No it cannot let banks disappear these days that is just simply not possible because banks are way too big and also too powerful.
The bank cannot disappear simply because of that.
I agree with you. today many people who depend on banks. Well, the bank can also easily provide large loans, if we are able to guarantee it. however, in bitcoin very difficult to borrow BTC in large quantities, because we do not do it directly, and guarantees given only a little. so I guess bitcoin will not make banks disappear |
|
|
|
|
|
|
|
Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
|
Doamader
|
|
November 06, 2016, 01:21:06 AM |
|
No it cannot let banks disappear these days that is just simply not possible because banks are way too big and also too powerful.
The bank cannot disappear simply because of that.
I agree with you. today many people who depend on banks. Well, the bank can also easily provide large loans, if we are able to guarantee it. however, in bitcoin very difficult to borrow BTC in large quantities, because we do not do it directly, and guarantees given only a little. so I guess bitcoin will not make banks disappear Thats a service provided by banks that bitcoin cant compete, atleast i wont risk my coins to lend anyone for 3 years to get an interest of 30% on the end of the period, loans with bitcoin are required to get valid colateral to avoid the scam attempts. |
|
|
|
|
|
delliaerd
|
|
November 06, 2016, 03:10:15 AM |
|
Even though bitcoin is becoming very popular, it still cannot replace or make banks disappear! Banks have been with is for ages and they are quite stable when it comes to monetary issues. Aside from that, bitcoin is still not accepted in some parts of the world.
agree to that banks will also be around while the government can control how people and business earn and spent them money but if people all decided to use bitcoins then the banks and government will have to listen so one day banks and bitcoins might work together then if people stop using other currency then one day it might be bitcoin all the way None sense, i don't agree with you dude. Banks is very important things in the world and have a big power. Even i who is the bitcoin user don't wanna bitcoin get replaced the bank position and the bank features. We use both bitcoin and bank in different way, these have another uselessness, both of them give different benefits for us. |
| .....................
........Finally C is .........
.............. | ........... ............
............ ............
................... ....................
|
|
|
|
|
ashiqdey
|
|
November 06, 2016, 06:36:31 AM |
|
No bitcoin is not that much strong that it could make banks disappear. Bitcoin is a digital money and banks are for traditional money so both have their own importance and government could ban bitcoin for its decentralized feature but government will never ban banks. So there is no chance that bitcoin could make banks disappear
|
|
|
|
|
|
LuanX3
|
|
November 06, 2016, 01:42:39 PM |
|
Certainly it will not happen anytime soon, BTC is a currency of the future but taking over place of the real currency of the world that is pretty structured currently won't be a short-term project if BTC could overthrow fiat at anytime owner wishes.
|
|
|
|
|
|
clickerz
|
|
November 06, 2016, 01:59:09 PM |
|
they are not giving preference to bitcoin, to use it in local shops because they also have no facilities of using it in most of shops. i think we need to introduce bitcoin to local shopkeepers. they need a proper education and guidance about bitcoin how to use it and how to facilitate from it.
That is a good suggestion,and maybe that is implemented in the near future. For every shops that would accept bitcoin there should be a terminal like the credit card, and store owner and their staff should have a proper training regarding bitcoin. |
Open for Campaigns
|
|
|
|
carlerha
|
|
November 06, 2016, 06:39:46 PM |
|
Right now there is no such thing the can challange the banks. Their monopoly is just to strong.
Perhpas if some big wall street firms step in with bitcoin venture we can see this happeningMany people need some normal banks. Some people doesnt even know what Bitcoin is.
So how it is possible to make the banks disappear. First we must introduce Bitcoin to them and that it is maybe possible later in the future. Do you think so ?
I don’t think we are going to see any kind of open defiance against banks, they are too powerful and will try to crush any competition the only reason they cannot crush bitcoin is for its decentralized nature. but i think there is no competition between bitcoin and USD or with any other fiat currency, as we can see that bitcoin is crypto currency and Banks accpet only fiat currency, there fore i will like to say that in near future cannot replace banks. |
|
|
|
|
|
lakisis
|
|
November 06, 2016, 08:44:27 PM |
|
Right now there is no such thing the can challange the banks. Their monopoly is just to strong.
Perhpas if some big wall street firms step in with bitcoin venture we can see this happeningMany people need some normal banks. Some people doesnt even know what Bitcoin is.
So how it is possible to make the banks disappear. First we must introduce Bitcoin to them and that it is maybe possible later in the future. Do you think so ?
I don’t think we are going to see any kind of open defiance against banks, they are too powerful and will try to crush any competition the only reason they cannot crush bitcoin is for its decentralized nature. but i think there is no competition between bitcoin and USD or with any other fiat currency, as we can see that bitcoin is crypto currency and Banks accpet only fiat currency, there fore i will like to say that in near future cannot replace banks. yeah good point of view that bitcoin is just crypto currency and bank accept fiat currency and i also says that bitcoin can not disappear the bank because bank controlling the transaction of fiat currency. |
|
|
|
|
|
virtualkeybuyer
|
|
November 07, 2016, 12:00:02 AM |
|
I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.
|
|
|
|
|
|
chineseprancing
|
|
November 07, 2016, 12:17:28 AM |
|
I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.
Agree with you and also that two was different category and no currency will replace other currency, and bitcoin is decentralize currency then bank holding only centralized currency which is different to bitcoin. |
|
|
|
|
RoomBot
Legendary
Offline
Activity: 2268
Merit: 1123
|
|
November 07, 2016, 12:18:51 AM |
|
Can Bitcoin make Banks disappear? YES! Bitcoin banks.  |
|
|
|
|
Mr. Big
Member
Global Moderator
Legendary
Offline
Activity: 2310
Merit: 1175
While my guitar gently weeps!!!
|
|
November 07, 2016, 12:20:20 AM |
|
I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.
The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding...  |
|
|
|
|
|
8Habits
|
|
November 07, 2016, 04:13:44 AM |
|
I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.
The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding... Surely it will be hard for bitcoin to make the disappearance of banks in the scene. And you are right with it because of sovereign power of banks that they are connected and being controlled by the government. But it depends to the banks if they will allow bitcoins to enter the scene or make an adoption for the usage and services of bitcoin. We should always remember that bitcoin is just an alternative for using fiat money online. There are people that doesn't prefer bitcoin as a form of online transaction and thus banks will always be there. This is also the same with bitcoins, there are people that prefers using bitcoin to some of their online transactions and thus they will only need bitcoin wallets however, they still have their bank accounts for other transactions that most need it. |
|
|
|
|
|
madwica
|
|
November 07, 2016, 04:31:49 AM |
|
I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.
The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding... Surely it will be hard for bitcoin to make the disappearance of banks in the scene. And you are right with it because of sovereign power of banks that they are connected and being controlled by the government. But it depends to the banks if they will allow bitcoins to enter the scene or make an adoption for the usage and services of bitcoin. We should always remember that bitcoin is just an alternative for using fiat money online. There are people that doesn't prefer bitcoin as a form of online transaction and thus banks will always be there. This is also the same with bitcoins, there are people that prefers using bitcoin to some of their online transactions and thus they will only need bitcoin wallets however, they still have their bank accounts for other transactions that most need it. Agree with you mate that bitcoin is an alternative currency that we can use in online transaction, Bank still there and much trusted to used in all transaction it may online or offline transaction and it is much usable for the big transaction that people made. |
|
|
|
|
|
8Habits
|
|
November 07, 2016, 04:37:59 AM |
|
I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.
The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding... Surely it will be hard for bitcoin to make the disappearance of banks in the scene. And you are right with it because of sovereign power of banks that they are connected and being controlled by the government. But it depends to the banks if they will allow bitcoins to enter the scene or make an adoption for the usage and services of bitcoin. We should always remember that bitcoin is just an alternative for using fiat money online. There are people that doesn't prefer bitcoin as a form of online transaction and thus banks will always be there. This is also the same with bitcoins, there are people that prefers using bitcoin to some of their online transactions and thus they will only need bitcoin wallets however, they still have their bank accounts for other transactions that most need it. Agree with you mate that bitcoin is an alternative currency that we can use in online transaction, Bank still there and much trusted to used in all transaction it may online or offline transaction and it is much usable for the big transaction that people made. That is true mate!  Glad that we have the same outlook with regards to gambling. There are other people that always tend to complicate things - they go to extreme scenario like banks will going to disappear They don't stick with the very basic and just enjoy life and technology that makes life easier and comfortable |
|
|
|
|
|
Jessica136
|
|
November 07, 2016, 10:30:53 AM |
|
yes, Bitcoin can beat Banks and make all banks disappear. Bitcoin systems is more powerful than banks and also provides more facility during BTC transactions. So people love more BTC than banks.
|
|
|
|
|
marleybobthedog
|
|
November 07, 2016, 10:43:59 AM |
|
No bitcoin doesn't have that much strength to make banks disappear but bitcoin itself could get vanished someday because it's partially against government laws, like it doesn't have taxes and its decentralized. But one day banks could adopt digital money and use system like blockchain.
|
|
|
|
|
|
onyek16M
|
|
November 07, 2016, 05:17:32 PM |
|
May be not yet , example bitcoin can transferring through with mobilephone but keep need function of bank .. |
|
|
|
danherbias07
Legendary
Offline
Activity: 3122
Merit: 1119
Leading Crypto Sports Betting & Casino Platform
|
|
November 07, 2016, 05:31:28 PM |
|
No bitcoin doesn't have that much strength to make banks disappear but bitcoin itself could get vanished someday because it's partially against government laws, like it doesn't have taxes and its decentralized. But one day banks could adopt digital money and use system like blockchain.
Very true although its purpose is to an another option for banks it could be taken out by the government or get banned in an instant. But I dont think they can make that decision just like that. There are too many rich people who wont risk that. They own a lot of this bitcoin and I think the government will have a real fight concerning the vanishing of this currency. |
| ..Stake.com.. | | | ▄████████████████████████████████████▄
██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄
██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████
██ ██████████ ██ ██ ██████████ ██ ▀██▀
██ ██ ██ ██████ ██ ██ ██ ██ ██
██ ██████ ██ █████ ███ ██████ ██ ████▄ ██
██ █████ ███ ████ ████ █████ ███ ████████
██ ████ ████ ██████████ ████ ████ ████▀
██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
██ ▀▀▀▀▀▀▀▀▀▀ ██
▀█████████▀ ▄████████████▄ ▀█████████▀
▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄
██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█ ▄▀▄ █▀▀█▀▄▄
█ █▀█ █ ▐ ▐▌
█ ▄██▄ █ ▌ █
█ ▄██████▄ █ ▌ ▐▌
█ ██████████ █ ▐ █
█ ▐██████████▌ █ ▐ ▐▌
█ ▀▀██████▀▀ █ ▌ █
█ ▄▄▄██▄▄▄ █ ▌▐▌
█ █▐ █
█ █▐▐▌
█ █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀ ▐█▌ ▀█▄
██ ▐█▌ ██
████▄ ▄█████▄ ▄████
████████▄███████████▄████████
███▀ █████████████ ▀███
██ ███████████ ██
▀█▄ █████████ ▄█▀
▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀
▀███████ ███████▀
▀█████▄ ▄█████▀
▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
|
Holly-Dolly
|
|
November 07, 2016, 06:23:49 PM |
|
No bitcoin doesn't have that much strength to make banks disappear but bitcoin itself could get vanished someday because it's partially against government laws, like it doesn't have taxes and its decentralized. But one day banks could adopt digital money and use system like blockchain.
Very true although its purpose is to an another option for banks it could be taken out by the government or get banned in an instant. But I dont think they can make that decision just like that. There are too many rich people who wont risk that. They own a lot of this bitcoin and I think the government will have a real fight concerning the vanishing of this currency. Our life is very strongly bound to the banking system, and I just can not imagine that banks will cease to exist. |
|
|
|
|
|
