Can Bitcoin make Banks disappear?

[Imoote]

No that is impossible. Because you can see that of course many people are now using Bitcoin, but you never know what will happen with the value and that is the problem.
I hope later that there will be more people that use Bitcoin. But many people must use banks because it is really important for them.

Absolutely it would not be possible. I also hope that bitcoin will be constantly evolving but still will not be able to eliminate the banks. It is impossible in my opinion and very difficult.

[1714045848]

1714045848

[Lokfar]

I think bitcoin cant make bank disappear,bank will just evolve into something new and will fight bitcoin if they see it as a threat so far banks doesnt see that way and didnt take any action.

Yes such fighting back can be found in the future. But banks won't get disappear just with the growing of bitcoin. Lots of crypts have existed but it has never had some impact on banking.

You never know what can happen in the future with Bitcoin and the banks. But most people use also Bitcoin.
But there are also a lot of people that is using their banks so that will be not disappear.

[GamingBro]

I think bitcoin cant make bank disappear,bank will just evolve into something new and will fight bitcoin if they see it as a threat so far banks doesnt see that way and didnt take any action.

Yes such fighting back can be found in the future. But banks won't get disappear just with the growing of bitcoin. Lots of crypts have existed but it has never had some impact on banking.

You never know what can happen in the future with Bitcoin and the banks. But most people use also Bitcoin.
But there are also a lot of people that is using their banks so that will be not disappear.

Bitcoin is a baby, banks is trusted and famous man. Try to imagine this. People like trusted and tested things. Eventually we will see that bank > bitcoin now and i don't think that smth will change in near future

[BirtRenaldsFan]

Keep in mind that Fiat is actually controlling our BTC. BTC needs an outlet to actually be transferred to. You cannot just buy something with BTC itself. People sell BTC when it's at a certain price amount or rank. They also send it to specific fiat. As long as we're still using banks, it seems as though Bitcoin is indirectly helping Fiat become more and more powerful.

[63854]

Bitcoin has found its niche for anonymous online payments, and will never truly get rid of FIAT banks. As for its own, Bitcoin has banks itself (exchanges). Banks are a necessary part of any economic system, whether you like it or not, there will always be a need.

[whysoanon]

Bitcoin is fun somewhat safe..but no so many people screw the exchange rates :/ it would be impossible ive seen  .34 on 1$ for BTC

[knowhow]

That values belong to the past and the begining of bitcoin.You wont find bitcoin for such ammount anymore.Bitcoin needs bank to receive the fiat from the exchange of bitcoins.

[adamstgBit]

its not implausible

p2p lending is already taking shape.

https://btcpop.co/home.php#welcome

[QuestionAuthority]

its not implausible

p2p lending is already taking shape.

https://btcpop.co/home.php#welcome

That's not making banks disappear. That's simply trading one kind of bank for another. Banks in some form will exist for the foreseeable future irregardless of what kind of currency is used for their services. Bitcoin cannot make the need for lending disappear. Just as changing one brand of bowling ball for another brand of bowling ball won't make the need for bowling alleys disappear.  

BTW: Welcome back.

[Shacexzn]

I don't think so, bitcoin can't eliminate banks.

[btccashacc]

I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.

it's too fast to said that percentage of bitcoin user is high, we're just only small percentage in billion population of this world and for this moment it's imposible to make bank diasappear, we can't predict the future maybe in 50 years 100 years

[zivone]

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?

Not even possible... Banks are businesses of some most influential and richest people in the world. They will not sure allow that to happen... Heard about Jesuits and manipulation of the World bank..

[brianlee01]

It's immposible to Bitcoin disappear Banks, Because we do not know if Bitcoin Did not last long. Maybe bitcoin can disappear.

[michnelli6]

I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.

Yes when the user base of bitcoin keeps on growing and the requirement for Internet money usage makes more demand, then there are more possibilities for bitcoin to make Banks disappear.

[OnTheMF]

I bet bitcoin can because there is many bitcoin user now. And once many nations accept bitcoins
it is possible to make banks disappear. Because it has fast transactions and more secured and because technology becomes
more modern now it can easily fit in the modern world and it can use in different ways in the internet.

Yes when the user base of bitcoin keeps on growing and the requirement for Internet money usage makes more demand, then there are more possibilities for bitcoin to make Banks disappear.

Its not so easy now, it will take a lot of time to make it so. Currently the Bitcoins is growing its popularity and we have to wait and watch the situation. Because the local bank has its own strategy.

[Mr. Big]

It's immposible to Bitcoin disappear Banks, Because we do not know if Bitcoin Did not last long. Maybe bitcoin can disappear.

Unfortunately, yes, it is almost impossible to make banks disappear because of bitcoin.. Banks would always cope up with the situation and adopt new technology to be functional in the modern time..

[Betwrong]

It's immposible to Bitcoin disappear Banks, Because we do not know if Bitcoin Did not last long. Maybe bitcoin can disappear.

Unfortunately, yes, it is almost impossible to make banks disappear because of bitcoin.. Banks would always cope up with the situation and adopt new technology to be functional in the modern time..

I absolutely agree with this. Moreover I think we don't need for all banks to disappear. Let them be and let Bitcoin be, they all can coexist and people should use whatever they want. I personally think that Bitcoin is better than banks, but that's just my opinion. )

[pereira4]

It's immposible to Bitcoin disappear Banks, Because we do not know if Bitcoin Did not last long. Maybe bitcoin can disappear.

Unfortunately, yes, it is almost impossible to make banks disappear because of bitcoin.. Banks would always cope up with the situation and adopt new technology to be functional in the modern time..

The only reason banks would survive is because banks are backed up by government violence (army). Bitcoin is an external agent that they cannot control so it's not on their interest that a massive support arises. If Bitcoin goes mainstream they will attack it, that's why Bitcoin would die a day after if we increase the blocksize and nodes become centralized (and that's why there are clear agendas to raise the block size)

[ajun96]

It's immposible to Bitcoin disappear Banks, Because we do not know if Bitcoin Did not last long. Maybe bitcoin can disappear.

Unfortunately, yes, it is almost impossible to make banks disappear because of bitcoin.. Banks would always cope up with the situation and adopt new technology to be functional in the modern time..

I think it all could happen because the future is something very confidential. bitcoin always gives surprised to all users. if bitcoin grows from all sides
not impossible it will happen I always wish the best for bitcoin

[KennyR]

Bitcoin won't make banks disappear. Now banking system is more used by the entire world due to its continued support got from entire population than the bitcoin.