Invulner
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Activity: 266
Merit: 250
Invulner
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November 25, 2016, 05:43:14 AM |
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Banks are not needed anymore when you have bitcoin. The job of transacting money can be done already with cryptocurrencies such as bitcoin, without a middleman. And that middleman currently in society are banks. Banks also run on a sketchy fractional reserve system - bitcoin evidently doesn't. |
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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The_prodigy
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November 25, 2016, 05:52:08 AM |
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Bank is much more stronger than Bitcoin and Banks is now more popular and uses by people to save there money from business or any money than came from good work and bitcoin can really bank disppear then what will be the next bank for the world ? It is bitcoin wallet? Lmao bitcoin is not yet that popular so far.
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OrangeII
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November 25, 2016, 05:54:28 AM |
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Never! banks will be there as long as governments are there. both go together.
during the bank still held by the government, I think bitcoin will never replace it, even if bitcoin was legalized throughout the state. Well, the people have trust banks, and even banks have also provided a lot of help to the community. Well, bitcoin might not be able to make the banks disappear, but bitcoin will be a rival of the bank |
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Mr. Big
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Activity: 2310
Merit: 1175
While my guitar gently weeps!!!
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November 25, 2016, 06:04:28 AM |
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Bank is much more stronger than Bitcoin and Banks is now more popular and uses by people to save there money from business or any money than came from good work and bitcoin can really bank disppear then what will be the next bank for the world ? It is bitcoin wallet? Lmao bitcoin is not yet that popular so far.
Banks has a lot of function that bitcoin cannot replace... Even if bitcoin go mainstream, we can never see it replace banks, banks are not just into holding and releasing money, they are more than that... Bitcoin wallet is clearly like bank book or ATM, and as I've mention, banks has a responsibility and function more than that.,..  |
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lEgEndArIUs
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Activity: 62
Merit: 10
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November 25, 2016, 06:17:03 AM |
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Bank is much more stronger than Bitcoin and Banks is now more popular and uses by people to save there money from business or any money than came from good work and bitcoin can really bank disppear then what will be the next bank for the world ? It is bitcoin wallet? Lmao bitcoin is not yet that popular so far.
Banks has a lot of function that bitcoin cannot replace... Even if bitcoin go mainstream, we can never see it replace banks, banks are not just into holding and releasing money, they are more than that... Bitcoin wallet is clearly like bank book or ATM, and as I've mention, banks has a responsibility and function more than that.,.. Nothing is impossible, we can see the post office has already started to close, because people already no one sends mail paper, it is very likely to occur in the presence of bitcoin. |
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bamboylee
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November 25, 2016, 06:23:39 AM |
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Bank is much more stronger than Bitcoin and Banks is now more popular and uses by people to save there money from business or any money than came from good work and bitcoin can really bank disppear then what will be the next bank for the world ? It is bitcoin wallet? Lmao bitcoin is not yet that popular so far.
It is not about replacing the current bank, it is about removing the need for banks. And that is what is bitcoin is aiming for. Bitcoin is made to make payments or transactions without relying on a third party processor. And bitcoin is successful with that. Bitcoin may not be that popular so far, but the technology is very promising and will be popular in the future. |
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requester
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November 25, 2016, 06:31:30 AM |
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Nope bitcoin can't make banks disappear because bitcoin is a digital money which have no central agency to control the money and it had limited number that is only 21 million which would create scarcity of the money.
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lEgEndArIUs
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Activity: 62
Merit: 10
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November 25, 2016, 06:52:50 AM |
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Nope bitcoin can't make banks disappear because bitcoin is a digital money which have no central agency to control the money and it had limited number that is only 21 million which would create scarcity of the money.
21 million but still there is a small unit, i.e. 21 million times 100 million, if one day 1 satosi equals 1 dollar, I think bitcoin can sufficient the needs the money for all transactions the entire population of the world. |
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Mr. Big
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Activity: 2310
Merit: 1175
While my guitar gently weeps!!!
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November 25, 2016, 07:01:29 AM |
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Bank is much more stronger than Bitcoin and Banks is now more popular and uses by people to save there money from business or any money than came from good work and bitcoin can really bank disppear then what will be the next bank for the world ? It is bitcoin wallet? Lmao bitcoin is not yet that popular so far.
Banks has a lot of function that bitcoin cannot replace... Even if bitcoin go mainstream, we can never see it replace banks, banks are not just into holding and releasing money, they are more than that... Bitcoin wallet is clearly like bank book or ATM, and as I've mention, banks has a responsibility and function more than that.,.. Nothing is impossible, we can see the post office has already started to close, because people already no one sends mail paper, it is very likely to occur in the presence of bitcoin. Nope, post offices still operates nowadays... It looks like that it is close, but it is not... Most of the time they are now delivering mails from the government and transactions like that, and some goods coming from customs which needs to be taxed and needs tariff... But anyway, if it is possible as you said, I think that means we need to transact our deed of sale and land title in the bank with a bot in the computer? that's too impossible... I am sure that it's far from happening... |
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Xenophoto
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November 25, 2016, 08:32:43 AM |
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Nope bitcoin can't make banks disappear because bitcoin is a digital money which have no central agency to control the money and it had limited number that is only 21 million which would create scarcity of the money.
Scarcity is a good thing, it gives value to something. There wouldn't be major pumps if there was an unlimited supply of bitcoins. Actually, take a look at the banks. Our fiat money isn't unlimited as well. If everyone in the world was to take their money out of the bank, I'm sure the bank cannot give us that much fiat money. Bitcoin is decentralized and that's actually the point of it. Bitcoin doesn't have to be centralized in order to surpass the banks. It's the people that has to embrace bitcoin for it to make banks disappear. Bitcoin doesn't need to change anything about its concept. People just have to wake up. Unfortunately, it's not going to happen. People have embraced the banks for so long they forgot that there are better options. |
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Mastsetad
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November 25, 2016, 08:43:57 AM |
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Never! banks will be there as long as governments are there. both go together.
Certainly, as long as governments exist in countries, there is no chance for bitcoin to replace banks as they wont let it happen, they wont let the economy of their country to be out of their control which means they wont have any control on their countrymen. |
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lorylore
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November 25, 2016, 08:52:04 AM |
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I dont think bank can disappear. We still need each country to have their own central bank to provide what they own country needs. Different country have different needs and it is very hard to use one btc is classify everything. So the bank will still have its purpose but with more help from btc technology.
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MTBTT
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November 25, 2016, 08:55:31 AM |
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Bank is much more stronger than Bitcoin and Banks is now more popular and uses by people to save there money from business or any money than came from good work and bitcoin can really bank disppear then what will be the next bank for the world ? It is bitcoin wallet? Lmao bitcoin is not yet that popular so far.
Banks has a lot of function that bitcoin cannot replace... Even if bitcoin go mainstream, we can never see it replace banks, banks are not just into holding and releasing money, they are more than that... Bitcoin wallet is clearly like bank book or ATM, and as I've mention, banks has a responsibility and function more than that.,.. Nothing is impossible, we can see the post office has already started to close, because people already no one sends mail paper, it is very likely to occur in the presence of bitcoin. Lol yeah it might have happened many many postal workers who are unemployed because there is no letter they could send. since the current round of online and may only be replaced by a fiat digital currency and the bank will disappear |
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tabas
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November 25, 2016, 09:50:37 AM |
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I dont think bank can disappear. We still need each country to have their own central bank to provide what they own country needs. Different country have different needs and it is very hard to use one btc is classify everything. So the bank will still have its purpose but with more help from btc technology.
It is not really going to disappear just because of bitcoin and banks are being covered by the government. And if the government will allow bitcoin to make banks disappear then their power is not that stronger than we are thinking besides the government is getting big money for the people who are using the banks services so they will not let a big source of blood of the government will be killed by a young currency. |
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Doamader
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November 25, 2016, 10:30:11 AM |
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Politicians does use banks to clean their money, to steal as well, the thing is allowing something decentralized as bitcoin to replace a banks that is regulated by a country, will make the economy colapse almost instant, how can something decentralized be better then a company or currencie that is controlled and managed, this would be good for bitcoin, but not good for the economy.
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mirakal
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Leading Crypto Sports Betting & Casino Platform
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November 25, 2016, 12:56:17 PM |
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Politicians does use banks to clean their money, to steal as well, the thing is allowing something decentralized as bitcoin to replace a banks that is regulated by a country, will make the economy colapse almost instant, how can something decentralized be better then a company or currencie that is controlled and managed, this would be good for bitcoin, but not good for the economy.
you have no idea what you are talking, politicians cannot control banks as some banks who are most likely big banks are privately own and even in public you cannot just steal money as it's well accounted. |
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Rooster101
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November 25, 2016, 01:20:23 PM |
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Banks will not totally disappear but they might be change into fully virtual or digital bank in not too distant future. just like now, a lot of bank services are converted digitally to make it fast and easy.
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MMA
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November 25, 2016, 02:09:38 PM |
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I don't this this can happen as banks have their own value and they are doing too many services in many countries for peoples and bitcoin cannot provide this service to every one its just a digital payment system and banks have no problem with this
Banks has many function in the community, even bitcoin users benefit from its existence. Now, if there is no way that government is going to make it legal and stay as it is now, well, bank is very much useful to us bitcoin user. Day to day transactions when it comes to finance pass thru banks, and bitcoin cannot do that and probably won't in the coming years. Definitely true, therefore we cannot afford to lose bank in this word, fiat is created by the bank the we are using it everyday, we are lucky to have bitcoin but it should not reach into the level that we should replace bank in the future. A good conclusion. It is not the bank that should be deleted but the way it is being handled. It is robbing a lot of money by loans and credit cards. Bitcoin is a good proof of it. I dont use banks but I hear a lot of stories into how they are putting percentage on credit cards and loans. This should be stopped and I think bitcoin is one of the best option to change it. yes that is a fact, in fact bitcoin is not here to disappear banks or devalue any other currency, bitcoin is created for the purpose to facilitae the people of the world in best way and specially those people who are mostly linked with internet and online business. |
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Caladonian
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November 25, 2016, 02:33:47 PM |
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Never! banks will be there as long as governments are there. both go together.
Certainly, as long as governments exist in countries, there is no chance for bitcoin to replace banks as they wont let it happen, they wont let the economy of their country to be out of their control which means they wont have any control on their countrymen. because if thus how they can make corruption if bitcoin will take the place and take over as a local currency for sure government will not allowed that they want to have everything in their hands this thing will not happen chances is really small for bitcoin to let the bank disappear. |
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whizter
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November 25, 2016, 04:32:52 PM |
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Never! banks will be there as long as governments are there. both go together.
Certainly, as long as governments exist in countries, there is no chance for bitcoin to replace banks as they wont let it happen, they wont let the economy of their country to be out of their control which means they wont have any control on their countrymen. because if thus how they can make corruption if bitcoin will take the place and take over as a local currency for sure government will not allowed that they want to have everything in their hands this thing will not happen chances is really small for bitcoin to let the bank disappear. but i think bitcoin can make banks disappear when time come, presently as bitcoin is not so much popular and majority of the people are not using it therefore they are using their old banking system, but the trend of the new generation is totally changing from time to time as the new generation is interested in online business therefore they are giving more preference to bitcoin and making it strong from time to time. |
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