kacapecah
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December 16, 2017, 04:46:16 AM |
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it is possible, if one day bitcoin can be accepted by all people and the government did not forbid it could be a bank is not useful. Bank only serves to collect taxes, if bitcoin transactions do not need a bank then for what is still using the bank. Would not it be better if the bank was abolished  |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Andika23
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December 16, 2017, 05:21:38 AM |
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I think the bank will not disappear because the bank has been in the use of many people so if the bank will disappear then people will be difficult to transact because everyone can not use bitcoin.hanya only certain people who can use bitcoin.
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Botnake
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December 16, 2017, 08:38:51 AM |
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I think the bank will not disappear because the bank has been in the use of many people so if the bank will disappear then people will be difficult to transact because everyone can not use bitcoin.hanya only certain people who can use bitcoin.
That's true, only few people can use bitcoin so bank will still be the most trusted firm where we can safety our money, they are centralized but they are are guided by the law so they will always gain the trust of the majority of the people. |
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Sebas.tian
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December 16, 2017, 09:11:56 AM |
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Although bitcoin's follower and believer is increasing everyday,its still isn't enough compared to the number of people who trust banks and have their money rest in it. If banks will disappear,it'll be difficult to transact for people who don't have any idea what bitcoin is. However,bitcoin is inclined with technology,if the technology we have now would upgrade big time,then it might be possible that bitcoin will replace banks.
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Mumen Rider
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December 16, 2017, 09:24:47 AM |
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Banks won't disappear just because there is bitcoin. We still need banks, bitcoin will not always be with us because we can only access bitcoin using the internet. So what will happen if banks and internet disappear? Where and how would you get and put your money in? I say we both need it.
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rcticoin
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December 16, 2017, 09:32:23 AM |
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perhaps in terms of certainty there must be, so now see more and more banks are adopting or developing blockchain technology in order to keep up with technological developments and to continue to run in tandem between conventional banks and technology owned by bitcoin that is more efficient blockchain technology .
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yuxuzzz
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December 16, 2017, 10:58:45 AM |
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I don't think so. Banks will always exist until people don't use cash anymore. But in the visible future, it is impossible to abandon cash thoroughly.
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vergel24official
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December 16, 2017, 11:39:30 AM |
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There are more trust in bank than blockchain by means of having assurance of getting back your money if your account are hacked and we see physically are money.
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mistletoe
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December 16, 2017, 11:52:13 AM |
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i doubt this can happen. crypto currencies can never replace physical currencies. regardless of how you view it, there are still places in the globe that are technologically challenged. and not everyone in the world have gadgets and electricity to use for cryptos. As long as we have those, physical money cant be replaced nor the banks to disappear
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klebsiella
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December 16, 2017, 12:13:57 PM |
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I don't think Bitcoin can make banks disappear. Because when we say bitcoin you need to have internet connection and computer/gadget. But here in our country a lot of people do not have internet connections and computer and also only few knows about what is bitcoin and it's capacity. Fiat money is used by the majority to buy basic commodities. That is why, for now, I would say banks will stay.
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RKSummer
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December 16, 2017, 12:23:18 PM |
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I don't think banks will dispear, by the fact that not every body who banks knows about bitcoins
Bitcoin can make bank disappear individually but bank generally, bitcoin can't. We all know that bitcoin can convert into a real money. The users of bitcoin can put their money in a bank,so how can bitcoin make the bank disappear. Bank benefited from bitcoin. Bitcoin and bank need each other as people need it both. |
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claydeey
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December 16, 2017, 01:27:10 PM |
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Its a big no! The effect of bitcoin to bank institution maybe worst but not an eradication of the bank industry. Bitcoin may lessen the number of bank institution but it is not the end of its journey.
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Kriptex
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December 16, 2017, 09:03:31 PM |
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I think the bank will not disappear because the bank has been in the use of many people so if the bank will disappear then people will be difficult to transact because everyone can not use bitcoin.hanya only certain people who can use bitcoin.
That's true, only few people can use bitcoin so bank will still be the most trusted firm where we can safety our money, they are centralized but they are are guided by the law so they will always gain the trust of the majority of the people. Banks will never disappear because of bitcoin. They are multi billion dollars things and they have the power of capitalism, in china they have the support of communist government. |
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NJB18
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December 17, 2017, 02:32:13 AM |
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I think the bank will not disappear because the bank has been in the use of many people so if the bank will disappear then people will be difficult to transact because everyone can not use bitcoin.hanya only certain people who can use bitcoin.
That's true, only few people can use bitcoin so bank will still be the most trusted firm where we can safety our money, they are centralized but they are are guided by the law so they will always gain the trust of the majority of the people. Banks will never disappear because of bitcoin. They are multi billion dollars things and they have the power of capitalism, in china they have the support of communist government. Crypto banks will dominate soon. Owners might be the same bank owners at the moment. They will adopt change as what we witness thru the ages. Some banks dissapear though. |
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Coyoteerex09
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December 17, 2017, 02:40:02 AM |
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As long as Fiat Currencies exist, banks will never disappear. Although it doesn't really require Cryptos to dominate for some banks to go bankrupt because of mismanagement. xD
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Prince786
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December 17, 2017, 03:46:44 AM |
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I think bitcoin will not replace bank.Banks and bitcoin is different so if both of them there is a growing no effect at all. Banks according to the course is a safe place to save money as well as bitcoin. On the banks we could not gamble but in bitcoin we can gamble, that's what makes them different.
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rwishva
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December 17, 2017, 03:50:52 AM |
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Creepings
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December 17, 2017, 03:56:54 AM |
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I don't think so. Banks will always exist until people don't use cash anymore. But in the visible future, it is impossible to abandon cash thoroughly.
Cash is a currency mostly used by a lot of people, it can be used by a lot of people including the people with disabilities. In bitcoin it is the same, but not all of the people are technology savvies. There are a lot of people who don't even know the keyboard of a computer so I don't think bitcoin will be a fiat or cash soon, in terms of the bank, I think in time they will be able to adapt to it soon. |
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akdperry
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December 17, 2017, 04:27:06 AM |
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BITCOIN was started because of the issues that banks caused in 2008/09 leading to so many people losing their homes, savings, etc..... I hope to hell it takes over banks...
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rony01941
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December 17, 2017, 04:29:56 AM |
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Bitcoin bank does not know if it will be done. If there is such a arrangement, then Bitcoin's identity will be spread to everyone. But many people are ignorant about the Internet, so it is impossible to give them any idea about Bitcoin. Bitcoin bans in some countries, so Bitcoin It will be legalized then the bank system can be started.
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