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Wapfika
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June 12, 2017, 02:53:06 AM |
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No bitcoin cannot make bank disappear i think bitcoin might need bank in the future to store paper wallets right?
And its the opposite of bitcoin "centralized" so we need to make it balance.
iy's far beyond on happeninh that, btc is for online processing or yransaction while bank is for physical or actual thing. |
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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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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Gaff
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June 12, 2017, 03:42:04 AM |
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Perhaps bitcoin makes Banks disappear. There are mnay instances that bitcoin can make it happen first is that it has such big potential in your investment or savings. Most banks offer .25% interest and it takes a lot of patience for your money to grow otherwise you have other linkages in order to expand or get higher interest. Though bitcoin drops or increases its rate at least you really can see the big gaps between banks and bitcoin. Technically banks may disappear soon.
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rikybrosh
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June 12, 2017, 03:50:44 AM |
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No bitcoin cannot make bank disappear i think bitcoin might need bank in the future to store paper wallets right?
And its the opposite of bitcoin "centralized" so we need to make it balance.
I don Think so, I am Sorry but we do not need bank to store our bitcoin because even online wallet is quite save. I suggest You to use hardware wallet to save a big amount of bitcoin. I think Bank usage will be decrease becouse of bitcoin. |
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Finestream
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June 12, 2017, 04:09:53 AM |
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No bitcoin cannot make bank disappear i think bitcoin might need bank in the future to store paper wallets right?
And its the opposite of bitcoin "centralized" so we need to make it balance.
I don Think so, I am Sorry but we do not need bank to store our bitcoin because even online wallet is quite save. I suggest You to use hardware wallet to save a big amount of bitcoin. I think Bank usage will be decrease becouse of bitcoin. It is still best if we are the only one who can access our accounts, when you trust your bitcoins to the bank you need to provide all the information because you have to comply with their rules and the freedom and the privacy cannot be preserve anymore because we do not have control of their minds although it stated that they will protect the privacy of the clients. Bitcoin was created because we do not want the system the bank is running, we are operating in a decentralized manner. |
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pacifista
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June 12, 2017, 04:21:05 AM |
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Banks will never disappear cause its a place where you can save your money for safety purposes. And bitcoin can never do that thing,maybe banks will accept bitcoin, im thinking you can open a bitcoin account on banks.
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stevano
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June 12, 2017, 04:36:57 AM |
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I think it is impossible because bitcoin money will exist, banks will also exist.
It's just a rational thought
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Hatuferu
Legendary
 Offline
Activity: 1092
Merit: 1000
https://trueflip.io/
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June 12, 2017, 05:03:48 AM |
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Banks will never disappear cause its a place where you can save your money for safety purposes. And bitcoin can never do that thing,maybe banks will accept bitcoin, im thinking you can open a bitcoin account on banks.
The government created the bank and it's impossible to say that the government will let this happen, the banking industry are the major leader in financial industry and all banks are govern by central bank which was created by the government. |
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ShineftChaos
Full Member
Offline
Activity: 378
Merit: 100
I LOVE ADABS
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June 12, 2017, 05:34:16 AM |
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Banks may lessen but apparently it will not disappear. As they may also innovate and plan for the future. They might add bitcoin too in their businesses.
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orions.belt19
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June 12, 2017, 06:55:08 AM |
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I don't think so. Bitcoin may be a new and convenient currency, but I don't think it could totally replace banks as a whole. Bitcoin is not tangible and stable. There are still some things that banks can do which bitcoin cannot provide. Not all transactions can be done online so unless new innovations are underway that would substitute the functions of a bank, it may not disappear just yet.
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youdacapt
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June 12, 2017, 07:47:06 AM |
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I don't think so. Bitcoin may be a new and convenient currency, but I don't think it could totally replace banks as a whole. Bitcoin is not tangible and stable. There are still some things that banks can do which bitcoin cannot provide. Not all transactions can be done online so unless new innovations are underway that would substitute the functions of a bank, it may not disappear just yet.
Bitcoin will continue to develop itself over time, including developing independent banking applications. If at any time, bitcoin is not immediately endorsed by the government then it is feared they will miss an important moment in controlling cryptocurrency. In this case bitcoin can make banks lose customers and disappear, humans will eventually recognize bitcoin with or without regulation. |
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Konthol Ngaceng
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June 12, 2017, 08:38:13 AM |
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I think not, it is because the bank will always fully supported the Government, all the financial policy course through banks and economy without a bank will be dead and not moving.
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alevlaslo
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June 12, 2017, 08:45:36 AM |
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Sale the first NFT of the first foto
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akar87
Sr. Member
Offline
Activity: 980
Merit: 250
$CYBERCASH METAVERSE
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June 12, 2017, 09:32:51 AM |
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Bitcoin will not make banks disappear. And it seems impossible, because banks are the first hand government for distribution of money. And although bitcoin very popular with a very large marketcap, it doesnt interpret bitcoin will be used by all peoples around the world. Because bitcoin isnt necessarily spread evenly.
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alevlaslo
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June 12, 2017, 10:12:16 AM |
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Only a managed coin, like the ETH, will be able to interest banks
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Sale the first NFT of the first foto
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stompix
Legendary
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Activity: 2870
Merit: 6267
Blackjack.fun
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June 12, 2017, 11:49:16 AM |
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Only a managed coin, like the ETH, will be able to interest banks
Yeah , a scamcoin might suit a falling bank. Banks will never disappear cause its a place where you can save your money for safety purposes. And bitcoin can never do that thing,maybe banks will accept bitcoin, im thinking you can open a bitcoin account on banks.
Out of all the reasons banks might not disappear you choose this one. That's the whole damn purpose of bitcoin. To store you money yourself. To avoid a 3rd party. Why would you store your bitcoins in a bank? So the bank can go bankrupt and to see your deposits gone? |
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bitbob82
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June 12, 2017, 12:43:27 PM |
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No bitcoin cannot make bank disappear i think bitcoin might need bank in the future to store paper wallets right?
And its the opposite of bitcoin "centralized" so we need to make it balance.
I don Think so, I am Sorry but we do not need bank to store our bitcoin because even online wallet is quite save. I suggest You to use hardware wallet to save a big amount of bitcoin. I think Bank usage will be decrease becouse of bitcoin. i also no in favour of bitcoin banks, i do not want to follow traditional banking system, to visit a bank and widthraw money. i want to continue the present of online wallet which is more easily and easy to use. so we do not need for any bitcoin bank. |
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Theb
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June 12, 2017, 12:53:49 PM |
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No bitcoin cannot make bank disappear i think bitcoin might need bank in the future to store paper wallets right?
And its the opposite of bitcoin "centralized" so we need to make it balance.
I don Think so, I am Sorry but we do not need bank to store our bitcoin because even online wallet is quite save. I suggest You to use hardware wallet to save a big amount of bitcoin. I think Bank usage will be decrease becouse of bitcoin. i also no in favour of bitcoin banks, i do not want to follow traditional banking system, to visit a bank and widthraw money. i want to continue the present of online wallet which is more easily and easy to use. so we do not need for any bitcoin bank. The chances are slim to none. I mean I don't see any scenarios of banks accepting Bitcoin in the future. We all know that it is a decentralized currency in which even governments have no control of, this can be a red flag for banks with all the legal issues involve with it. Banks are really a secure business in which they want the sure and guaranteed way of success which I am pretty sure they will be sticking to Fiat Currency to the test of time. |
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Aztek
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June 12, 2017, 02:04:40 PM |
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I think banks will not disappear.
They can change or can work with bitcoins.
but they will never disappear as fiat will never disappear too.
If fiat comes to the point that has no use already,
then thats the only time that banks can disappear.
But as i have said, its impossible.
Before thinking on the possibilities of bitcoin on making banks disappear when need to think what is the differences of the two. Bank and bitcoin is both a different denominator if we are going to compare the both side. Banks do have system where it needs fiat to move and to earn. While bitcoin is a way better currency like fiat so in other terms the common of the two is fiat. Their difference in all side but fiat make them somehow related to each other. I do not see bitcoin making bank disappear rather i can see that bank may accept bitcoin in the future for transaction like fiat system. |
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Celsiuss
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June 12, 2017, 10:47:34 PM |
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The banks will never dissappear. We need the bank, like it or not. Need a loan? Go to the bank. Want to save money? Go to the bank. Need to store your money somewhere? Go to the bank.
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who cares
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8Habits
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June 13, 2017, 12:58:49 AM |
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The banks will never dissappear. We need the bank, like it or not. Need a loan? Go to the bank. Want to save money? Go to the bank. Need to store your money somewhere? Go to the bank.
You are correct there mate! As long as there is a fiat money in existing, banks will always be there. It will really not disappear anytime soon. It will however, coexist with bitcoin though. |
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