chrisrok
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Activity: 134
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January 25, 2018, 07:19:54 PM |
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not in the short run. but lets see what happens. when the next financial crisis arises, probably more people see the potential
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Vermilion-
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Activity: 70
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January 25, 2018, 08:55:42 PM |
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Not possible to say that at this time that bitcoins market will make banks disappear. The bank leaders are the master player and have their own strategy about it to how it will work around the whole world. We bitcoins users have to get support from the bank through ATM of the local bank so to get our transaction from bitcoins
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Gunawan82
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January 25, 2018, 09:19:49 PM |
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will be very difficult against the ruler, the Bank is controlled by the ruling government and they need the bank, Bitcoin is only controlled by bebrepa people whether it might be able to fight them,
But if everyone is already using Bitcoin it's not impossible they will succumb.
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daarul50
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Activity: 1596
Merit: 1034
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January 25, 2018, 09:30:15 PM |
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This is something very difficult. In my opinion, as long as bitcoin is still not legalized into digital currency in the world then bitcoin will not be able to replace the bank. Especially now, users still have to use crypto onsite services to be able to use bitcoin so they have to use the bank as a service to withdraw money from the exchange of bitcoin. Instead, I hope both parties can work together to implement this blockchain technology so that bitcoin users will not find it difficult to use bitcoin as a means of transactions.
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kajing
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January 25, 2018, 09:32:30 PM |
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They said that if bit coin is Gold then litecoin is silver
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Tantalala
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Activity: 64
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January 25, 2018, 09:33:22 PM |
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The banks will never disappear, everything is controlled by governments. Maybe Bitcoin will have a great success in the future and will take other forms, but banks will certainly not disappear.
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swaptaker
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January 25, 2018, 09:33:24 PM |
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This is something very difficult. In my opinion, as long as bitcoin is still not legalized into digital currency in the world then bitcoin will not be able to replace the bank. Especially now, users still have to use crypto onsite services to be able to use bitcoin so they have to use the bank as a service to withdraw money from the exchange of bitcoin. Instead, I hope both parties can work together to implement this blockchain technology so that bitcoin users will not find it difficult to use bitcoin as a means of transactions.
Banks will never disappear because they are backed by global capital owners. And their structures are very strong. They have the goverment power, state power, and capital power behind them. |
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Washball
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Activity: 266
Merit: 151
First crypto index traded as a token!
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January 25, 2018, 09:42:21 PM |
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Banks will not disappear because of bitcoin. There still are problems with Bitcoin transactions and banks have too much power. The mainstream is not quite used to cryptocurrencies and rather go to the bank. Banks and financial institutions however will use blockchains to do their business.
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greenbitsgm
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January 25, 2018, 09:55:33 PM |
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I think it's impossible to happen,cryptos will not cause bank to disappear.Bank is a solid and stable financial institution globally and they have traditional clients that will always support their system.As long as there is paper money bank will continue to exist and do their business as usual. Bank knows the threat of bitcoin that is why some of them started to make innovation by studying the used of blockchain technology (the base platform of bitcoin)in their system and i think there are some big bank already utilizing it if i'm not mistaken.
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Rascar Capac
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January 25, 2018, 11:10:26 PM |
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I don't think banks will ever disappear because a lot of people don't trust themselves, so they like to put their money into someone's hands under a contract, so they manage their money for them so if they screw up they can have someone to blame to but them, of course then when the government take their money and they can't do nothing about it they will complain.
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dificanovi
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January 25, 2018, 11:19:43 PM |
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will be very difficult against the ruler, the Bank is controlled by the ruling government and they need the bank, Bitcoin is only controlled by bebrepa people whether it might be able to fight them,
But if everyone is already using Bitcoin it's not impossible they will succumb.
yes I think so, it will not be easy against the bank because it has grown very strong. at this time stout people who support the bank because there are still many people who do not know with bitcoin, but if everyone is using bitcoin then the bank will lose. |
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oxidoreductase
Member
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Activity: 224
Merit: 29
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January 25, 2018, 11:24:53 PM |
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not in the short run. but lets see what happens. when the next financial crisis arises, probably more people see the potential
I am a big fan of bitcoin since i was started to join or to trust bitcoin, but for me bitcoin is can not make banks disappear because banks is known and trusted all over the world unlike on bitcoin that until know is not yet known by everyone and banks is running for many years in this world so i think it will not disappear. |
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kpitti
Legendary
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Activity: 924
Merit: 1002
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January 25, 2018, 11:25:37 PM |
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I believe its not possible, the bank are way to effective and they will never allow this occur at any time, they financial institution is also hating the bitcoin so they will never ever happen for that cause also. Even though its not impossible of program but if it can occur it will nonetheless consider calendar year prior to this is even attainable.
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colvis
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January 26, 2018, 12:02:10 AM |
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Bitcoin cannot make bank to disappear but they can only make bank to lost their value, as in most people who have been going to save their money in the bank and have been doing business with the bank expecting interest in the will only change their ways to the the blockchain technology which make most bank lost their value in the society.
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pekavcilar01
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Activity: 238
Merit: 0
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January 26, 2018, 12:13:20 PM |
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I think Bitcoin can't disappear banks. In fact, banks can even strengthen their hands thanks to coins. I think the banks are big wallets today.
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LovelyFLOWER
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Activity: 181
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January 26, 2018, 12:21:09 PM |
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Maybe bitcoin or electronic money can replace and disappear the banks because nowadays banks is not safer than before because too many bad people around the world and it can be steal,destroy by phenomena or such any danger. Like wise an electronic money is better because even phenomens hss come you can assure the assurance of your money and you woukd be able to used it in any locations and easy to have not like in banks... |
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Angletim
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January 26, 2018, 12:22:30 PM |
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I don't think bitcoin will make Banks disappear.
Now bitcoin is developing very well.
It may become legal tender in the future.
But not all countries accept bitcoin.
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peachaston4
Newbie
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Activity: 84
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January 26, 2018, 12:36:58 PM |
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Highly likely. But banks will try to get into something that will keep them floating. They might actually start using blockchain technology to provide some other service. Loans using blockchain or something like that. The point is that blockchain is a powerful technology and it's only a matter of time when global service providers or governance systems adopt this tech and up their game.
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xfaqs01
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January 26, 2018, 12:41:26 PM |
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i cant imagine a life living in a completely decentralize manner, banks wont disappear they will always be there and we need them for sure, its like darkness and light, we need them both centralize and decentralize. |
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Kuya Kim
Member
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Activity: 160
Merit: 14
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January 26, 2018, 12:44:36 PM |
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I don't think bitcoin will make Banks disappear.
Now bitcoin is developing very well.
It may become legal tender in the future.
But not all countries accept bitcoin.
I don’t think Bitcoin can make banks disappear especially when it is not fully supported by the govertment but it may lin up in the different banks in the country. |
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