stadus
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November 15, 2016, 04:21:56 AM |
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This won't gonna happen because bitcoin and bank are not related to each other. Bitcoin server purpose of transaction without fees I mean less fees and bank charges heavy transaction fees but generally we use bank to store our money because it centralised and problem with decentralized is that if system get hacked then no one will come to give back my money.
Yeah I have the same thought, banks and bitcoin are two different concept and bitcoin doesn't have anything to deal with bank's existence. And banks are under controlled by the government and they has become a major part in people's life so it's quite an impossible mission to make banks disappear. True, I think even if Fiat currency disappear and electronic currency or cryptocurrency ruled, banks will not disappear. Banks have a purpose in this world that is why they are still here. Banks pool money and lend it to people who need money. This makes the world go round. This is credit. The concept is to give people more wiggle room to transact. Banks are too stable to make it disappear, thinking that it will disappear is like saying that the government will disappear.. Not gonna happen unless their a total chaos in the world and when there's no chaos there is now law at all, so having to imagine the worst scenario, it will not happen now and in the future. |
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asuryan180
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November 15, 2016, 04:30:50 AM |
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This won't gonna happen because bitcoin and bank are not related to each other. Bitcoin server purpose of transaction without fees I mean less fees and bank charges heavy transaction fees but generally we use bank to store our money because it centralised and problem with decentralized is that if system get hacked then no one will come to give back my money.
Yeah I have the same thought, banks and bitcoin are two different concept and bitcoin doesn't have anything to deal with bank's existence. And banks are under controlled by the government and they has become a major part in people's life so it's quite an impossible mission to make banks disappear. True, I think even if Fiat currency disappear and electronic currency or cryptocurrency ruled, banks will not disappear. Banks have a purpose in this world that is why they are still here. Banks pool money and lend it to people who need money. This makes the world go round. This is credit. The concept is to give people more wiggle room to transact. Banks are too stable to make it disappear, thinking that it will disappear is like saying that the government will disappear.. Not gonna happen unless their a total chaos in the world and when there's no chaos there is now law at all, so having to imagine the worst scenario, it will not happen now and in the future. Exactly,there is practically no stability in the worild right now and banks have been known for so long to provide such stability,we know that they actually don't,however they preserve this image which isn't going to disappear anytime soon as it seems.So it will be really hard for Bitcoin to completely destroy the banks so they no longer exist really,but it will be good if something close to this happens. |
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markyminer
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November 15, 2016, 05:12:29 AM |
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Bitcoin can not make banks disappear because it has not parallel system to replace all the things what banks are doing and services they are providing. Bitcoin has controlled a large portion of banking services mostly online related things already and that is sufficient to keep focus on. They will exist in working together atmosphere continuously.
i think bitcoin can replace banks as we can see that the new trend of the new generation is toward online trading and shopping, they mostly do shopping online, and the the trend is now even in progress in underdeveloped countries, so if all the people of the world start using crypto currencies then there will be no use of banks and banks will automatically disappear, |
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jonpande
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November 15, 2016, 06:06:45 AM |
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Bitcoin Can Make Banks disappear? Of course not, because bitcoin is not able to completely change the money and as money there will be no bank will also, unless, you are more powerful than governments in each country.
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rajasumi2
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November 15, 2016, 06:44:15 AM |
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Well to be honest this is a very good question,yes it Can make banks disaappear .bitcoins is the new future .well there should be a education system for bitcoins so that more and more people know about bitcoins .then only salary can be taken as bitcoins and whole ovet banking system will be taken by bitcoins.kudoos:)
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betohell
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November 15, 2016, 06:57:14 AM |
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Bitcoin Can Make Banks disappear? Of course not, because bitcoin is not able to completely change the money and as money there will be no bank will also, unless, you are more powerful than governments in each country.
I think it is impossible for bitcoin can be more powerful than the government, and I think as long as fiat still control the banks will never disappear, |
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maydik
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November 15, 2016, 06:58:33 AM |
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Banks will disappear, this can not be determined, the money exists, the bank will exist.If the bitcoin replaces the paper currency, or other digital currency to replace the paper money,then the bank may disappear.There is also a possibility, the bank will also choose another way.
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akashborikar
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November 15, 2016, 07:46:59 AM |
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I dont think it possible to disappear a bank. Many people use banks and that is really important for them.
I think the older people dont even know what Bitcoins is and what you can do with it and that is the problem.
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Ru_Ezaz
Newbie
Offline
Activity: 42
Merit: 0
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November 15, 2016, 08:33:17 AM |
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I doubt any company besides banks will loan you some ammount to you repay withing 40 years or 50 years,they take the risk and in the most cases they are able to get around 200% the investment ammount.Bitcoin hasnt such structure,to try to enter on these market,try to get a loan for 1 year with bitcoin and see how difficult they will throw at you ,asking several things,proofs,anyway the thing is banks has a fee high but offer an unique repayment time .
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Xester
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November 15, 2016, 08:40:10 AM |
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This won't gonna happen because bitcoin and bank are not related to each other. Bitcoin server purpose of transaction without fees I mean less fees and bank charges heavy transaction fees but generally we use bank to store our money because it centralised and problem with decentralized is that if system get hacked then no one will come to give back my money.
Yeah I have the same thought, banks and bitcoin are two different concept and bitcoin doesn't have anything to deal with bank's existence. And banks are under controlled by the government and they has become a major part in people's life so it's quite an impossible mission to make banks disappear. True, I think even if Fiat currency disappear and electronic currency or cryptocurrency ruled, banks will not disappear. Banks have a purpose in this world that is why they are still here. Banks pool money and lend it to people who need money. This makes the world go round. This is credit. The concept is to give people more wiggle room to transact. Banks are too stable to make it disappear, thinking that it will disappear is like saying that the government will disappear.. Not gonna happen unless their a total chaos in the world and when there's no chaos there is now law at all, so having to imagine the worst scenario, it will not happen now and in the future. Exactly,there is practically no stability in the worild right now and banks have been known for so long to provide such stability,we know that they actually don't,however they preserve this image which isn't going to disappear anytime soon as it seems.So it will be really hard for Bitcoin to completely destroy the banks so they no longer exist really,but it will be good if something close to this happens. That's is really impossible. Bitcoins are popular, yes, but it is not enough to defeat stable establishment like banks. still many people are not familiar with bitcoins, crypto currency will become popular but it was just like that. many people will still prefer to save on bank like the way of traditional way of saving money. Bitcoins can be an options but not to the point to defeat banks. |
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wxa7115
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November 15, 2016, 07:47:45 PM |
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In my opinion bank can never be disappear . Atleast in 40-50 year bank can never be disappear , because the main reason behind this phrase is that a big part of the population of the world is uneducated and this will take much time to became aware about this and use online payment . Banks most likely wont disappear but they will need to adapt, some will be more successful with that than others and those will become the dominant banks of the future. |
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Doamader
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November 15, 2016, 11:19:09 PM |
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Well bitcoin even with its huge potencial its very hard, banks will always provide their lending service, bitcoin wont allow such feature loans for over 1 year even above 30 days its very hard.
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Barbut
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November 16, 2016, 01:53:41 AM |
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Bitcoin Can Make Banks disappear? Of course not, because bitcoin is not able to completely change the money and as money there will be no bank will also, unless, you are more powerful than governments in each country.
I like to believe that people are stronger then governments and establishment. Banking system exists for a long time, my opinion is that bitcoin is better and if people of this world see as I do we can change this world together. When people are united anything can happen, I know here we talk about far future but changes are inevitable. I strongly believe that bitcoin is capable for this, one day we will see how people quitting from banks and joining bitcoin, that will be great turnover. |
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IsaacBitcoiner
Jr. Member
Offline
Activity: 59
Merit: 10
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November 16, 2016, 01:59:47 AM |
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I dont think it possible to disappear a bank. Many people use banks and that is really important for them.
I think the older people dont even know what Bitcoins is and what you can do with it and that is the problem.
It is well known that a lot of people are not aware of Bitcoin. This is one of the limitations that Bitcoin needs to overcome before it becomes mainstream, because many people have a tendency to avoid new technologies, especially if they don't know how it works. |
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BitcoinPanther
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November 16, 2016, 02:29:36 AM |
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I dont think it possible to disappear a bank. Many people use banks and that is really important for them.
I think the older people dont even know what Bitcoins is and what you can do with it and that is the problem.
It is well known that a lot of people are not aware of Bitcoin. This is one of the limitations that Bitcoin needs to overcome before it becomes mainstream, because many people have a tendency to avoid new technologies, especially if they don't know how it works. I think slowly bitcoin is conquering online transaction industry. The one hindering it is the position of government towards bitcoin. There are lots of internet person who already known bitcoin especially some popular sites like steam is accepting bitcoin as a payment. If the government favors bitcoin usage then, the daily adoption of bitcoin will exponentially increase due to government backing the use of bitcoin. |
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BrockHunter
Member
Offline
Activity: 67
Merit: 10
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November 16, 2016, 03:28:58 AM |
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I dont think it possible to disappear a bank. Many people use banks and that is really important for them.
I think the older people dont even know what Bitcoins is and what you can do with it and that is the problem.
Nope its not possible and you are right but its also that banks are simply way to powerful they are together a sort of controlling the whole world. |
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berserkinterbuy
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November 16, 2016, 05:58:16 PM |
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I dont think it possible to disappear a bank. Many people use banks and that is really important for them.
I think the older people dont even know what Bitcoins is and what you can do with it and that is the problem.
Nope its not possible and you are right but its also that banks are simply way to powerful they are together a sort of controlling the whole world. If bitcoin will go the same way of working as real banks, I do not think that this will be the best choice. It all depends on how will their work relates to the users, and how to be served by ordinary citizens. If bitcoin offers good and favorable conditions it is possible to take out it is in the lead. |
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bettercrypto
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November 16, 2016, 06:09:58 PM |
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I don't think bitcoin can make banks disappear. The reason is that banks are already established and supported by the government while bitcoin is not supporter by the government and there are only a few percentage of the population supporting it. It may change how bank deal with people but bitcoin will never make banks disappear.
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Herbet Fry
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November 16, 2016, 06:14:48 PM |
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I think ot can if bitcoin spreads over more areas in the world. I thu k more hitech CPU tries will use ot more since it is new and the future of finances. |
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d-trixx
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November 16, 2016, 06:53:13 PM |
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I think ot can if bitcoin spreads over more areas in the world. I thu k more hitech CPU tries will use ot more since it is new and the future of finances. I do not argue with the fact that new technology is the future of the world, but you need to answer the question of how much we are ready to move entirely in bitcoin or simply digital currency. Some of the world in general still lags behind at least half a century. |
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