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Author Topic: Can Bitcoin make Banks disappear?  (Read 427559 times)
Wobberdk
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February 16, 2016, 06:31:18 PM
 #341

banks are the worst nightmare and bitcoin is a life saver but still i don't think bitcoin can make banks disappear i think bitcoin still needs some time to make a place in everyone's mind. people's blindly trust on banks but don't trust blindly on bitcoin...
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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lister storm
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February 16, 2016, 07:13:31 PM
 #342

yeah it can make the bank system disappear, but we will have to wait for a few years i think, time can help to do everything
Kevin77
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February 16, 2016, 08:29:19 PM
 #343

yeah it can make the bank system disappear, but we will have to wait for a few years i think, time can help to do everything

Yes, due to better security, now a days itself people do not prefer to hold and use hard cash. We all prefer plastic cards(ATM cards). Now itself bitcoin can be used to refill these cards. I guess already bitcoin has started to dominating banking system.
treeguard
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February 16, 2016, 08:35:26 PM
 #344

no i dont think that bitcoin will ever make banks disappear because banks are very strong and most probably bitcoin will not beat it
romero121
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February 16, 2016, 08:49:07 PM
 #345

Making banks get disappeared is not simple. From the observation I understood the banks might increase their technological development, else banks which adapt bitcoin technology would come into existence.
WhatTheGox
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February 16, 2016, 08:58:27 PM
 #346

I think that can not happen. Many people must use their banks. And I think older people dont even know what Bitcoins are.
Maybe in the future there is a chance that can happen. But we dont know what can happen later in the future.
Yeah. everyone still using bank. perhaps for at the moment. there is no chance for bitcoin to take over fiat
You're right, moreover bitcoin is still not well known throughout the ears of society. it would be something fishy if bitcoin suddenly replace the function of the bank, it probably will not happen

Bitcoin seems to be the thing half of the mainstream have heard of but dot understand it. The next time a bubble comes all these people will freak out saying they've heard about it and wish they got in sooner.
aureliano85
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February 16, 2016, 11:00:40 PM
 #347

I think bank will develop bitcoin services. For example some european banks nominated a "Head of blockchain and virtual currencies"!
Druze
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February 17, 2016, 06:08:06 AM
 #348

banks will never disappear, they may change and adapt to new things, but they will never be gone

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February 17, 2016, 06:32:10 AM
 #349

Yeah. everyone still using bank. Roll Eyes
CryingMidget
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February 17, 2016, 06:34:37 AM
 #350

no i dont think that bitcoin will ever make banks disappear because banks are very strong and most probably bitcoin will not beat it

I wish bitcoin to arise against bank, If comes, Bitcoin is easy to send to anywhere. Instead of filling out forms with your address, credit card to use. Its very much user friend than Fiat cash.
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February 17, 2016, 06:58:23 AM
 #351

Not really they could make banks disappear because banks are the ones that also give revenues to the businesses having account on them by giving interest revenue every month. Do you think bitcoin can make chinabank go at its lowest state?

barbara44
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February 17, 2016, 08:19:06 AM
 #352

It is inevitable for the banks in future to provide services based on bitcoin. Banks will be forced to adopt bitcoin for their survival. I do see this is a possible way of bitcoin takes over the traditional banking system.
Bitcoinbro
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February 17, 2016, 08:44:00 AM
 #353

It its possible for sure but it will not happen, because the banks will not let it happen they are hating the bitcoin.
There will come another digital currency that will make disappear the banks.
mickiya
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February 17, 2016, 11:24:42 AM
 #354

It its possible for sure but it will not happen, because the banks will not let it happen they are hating the bitcoin.
There will come another digital currency that will make disappear the banks.

If bitcoin becomes the top 10 currency in the world, the bank will open business to bitcoin and use it as a money.
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February 17, 2016, 11:53:23 AM
 #355

banks will never disappear, they may change and adapt to new things, but they will never be gone

Yup., that is true,, banks are into money business, and adapts in many situations already,, they might try bitcoin or the same kind in the future...  Smiley

Pattart
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February 17, 2016, 12:31:45 PM
 #356

yeah it can make the bank system disappear, but we will have to wait for a few years i think, time can help to do everything
nope. system of bank will constantly updated, they will be more advanced in technology. bitcoin will not be able to make bank unused
ajun96
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February 17, 2016, 01:29:11 PM
 #357

yeah it can make the bank system disappear, but we will have to wait for a few years i think, time can help to do everything
I will says its cannot dude, basis for technology and facilities, banks more have a better factor. and the bank also covers the whole world, for at the moment, impossible bitcoin could make banks dissapear
nanonymousx
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February 17, 2016, 02:40:00 PM
 #358

That's only the words of extremist of bitcoins fans and field IMO, I think it's still too early for bitcoin to actually replace fiat or change the financial system. Bitcoin can be a great currency on the online field and for conducting transactions throughout the world.
Jemzx00
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February 17, 2016, 03:09:04 PM
 #359

Absolutely not , banks could just adopt into the currency of bitcoin from which there would be bitcoin banks ...

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btcltccoins
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February 17, 2016, 04:06:09 PM
 #360

I don't think so that bank can disappear so easily. Even if they do, it will take decades. You cant finish the current banking system in few years. Also for this to happen, bitcoins should be an option in every store , in every transactions. and offcousre awareness of bitcoin is also a major factor.
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