Can Bitcoin make Banks disappear?

[Flodemaga]

I had thinked it couldnt happen since banks has a big power and influence, but there are already some coins going live providing the same service as banks, soo i dont know how sucessful those coins and projects can became, but one thing is sure the lending powerful tool from banks is already incorporated at some altcoins, soo banks can see those as a rival and loose their costumers slowly.

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[Sir Legend]

If the use of the bitcoin is getting big and massive surely become a threat to the banks, we all never know what will happen with the future but I'm sure the bank will disappear because the defeated bitcoin.

[vipgelsi]

No banks will never disappear they just will adapt.

[2hot2handle]

No bank will never disappear and government will never allow that to happen because bank has a big role in each countries economy so it will be hard for bitcoin to put down bank.

[gulshan1]

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

yes you are right. i am agree with you. Some people think only one side. they don't know there are so many people who don't want to save their money in bitcoin bank due to up and down the price of it. And you cannot change their thinking.

[BTC Turkiye]

It can but it won`t. I think it will only change the type of banking from the old fashioned print money mentality to a high-tech solvent institutions

[RavenHood]

Bitcoin can’t make banks disappear, because banks are one of the foundation of this economy, markets, business and many more. Bitcoin is just a branch of a bank. Most people trusted banks and know what are the banks capable on saving their money and bitcoin is not too popular to all people. I know some people that still using banks even they are earning bitcoin, I ask them and they said to me that, they need bank accounts to withdraw their earning and to receive the original money.

[BossBee]

Every thing has an ending. It would be cool if the whole concept of money could be eliminated and we evolve into another form of existence. I could see AI and robotics doing all the tedious labor running on superior forms of  free energy. Food growing abundantly and cost free in hydroponic sky scrapers. The indoctrination of consumerism in children eliminated for ever only to be looked back upon as one of the most barbaric assaults on the human race. Cultivation of the right brain and feminine aspects to grow a society of balance and understanding.

[Heacygg]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

Maybe, it's possible, but it still depends on the situation when people lose confidence in the bank, for reasons of bankruptcy, and in accounts or currencies that are in it. But the bitcoin will also find it difficult to find the ganko because the people are most familiar with it and are most trusted by other companies in the world. But is it better for me to use bitcoin because your money is hidden? it gradually rises even when you do nothing because of the value increase of day, month and year HAHA .

yes bitcoins will disappear banks because now a days people are investing more money in bitcoins and they no more trust in banks because bitcoins are more safe than banks as bitcoins are cryptocurrency there for it cannot be touched so if someone cannot touch bitcoins so how will someone stole bitcoin so your money is more safe in bitcoins then banks.

[PepperaOnIt]

Why does bitcoin make the bank disappear? I think not because i see that bitcoin and bank has a good relation in between, some banks supports the bitcoin so you can make exchanges from bitcoin to fiat

[medha2009]

What Bitcoin Bank Can Invisible? I think banks will not be invisible. Because we use Bitcoin as a digital currency and many people in the world are now starting to invest in bitcoin. I believe that these will be displayed, and will support a more stable currency currency. These banks can also support currency-currency as well as cash Will the current bank survive?

[inevertell]

In most of country some people are not aware of bitcoins but they are using bank. Bitcoins will famous more and more in future because of their transference but it will take some time and most probably It will have a great affect on bank but it will never destroy banks because bank have also a big history in the world.

[Walked_by]

Every thing has an ending. It would be cool if the whole concept of money could be eliminated and we evolve into another form of existence. I could see AI and robotics doing all the tedious labor running on superior forms of  free energy. Food growing abundantly and cost free in hydroponic sky scrapers. The indoctrination of consumerism in children eliminated for ever only to be looked back upon as one of the most barbaric assaults on the human race. Cultivation of the right brain and feminine aspects to grow a society of balance and understanding.

bitcoins are like magician and soon bitcoins will vanished the cash banks because now a days people trust more in bitcoins rather then banks so if all people are trusting in bitcoins then banks will be nill and than banks will be finished.

[Walked_by]

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

yes you are right. i am agree with you. Some people think only one side. they don't know there are so many people who don't want to save their money in bitcoin bank due to up and down the price of it. And you cannot change their thinking.

my planes with bitcoin is that i will buy more and more bitcoins in future the prices will be get higher and higher and than i will wait for the right time to sell my bitcoins and than i will be a rich man in leaps and bounds. So we should go for bitcoin instead banks.

[stacy_nik]

Hardly Bitcoin can. Even if the banks disappear, humanity will invent BTC banks somehow

[khitcathy]

The banks are still useful and i think Bitcoin can’t make it replace.Most of the time  we do have a very important transactions that only bank can cater.

[josephinerosdy]

no. bitcoin can't make banks disappear, we still need banks for fiat money.
the government will prevent it.

[amandavsc]

bitcoin is your bank now. I can't image a bad scenario the banks will take the blockchain technology. I don't believe that.
banks will disappear when bitcoin is being used by everyone

[alfs75]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

In my own opinion bank could not dissappear,because its regulated,but bitcoin will continue blooming to the black chain market to the fullest.Goverment will regulate the bitcoin.bank  will continue to their business in fiat money  they continue to serve there costumer,while bitcoin also continue its trading and  investment to there followers.

[xsaints128]

Bitcoin will never be able to make banks disappear, if it tries to, then the government would make it disappear.