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ronaldinho_07
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March 24, 2016, 02:24:11 PM |
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You can go to your bank ask a loan and repay with some long period,bitcoin besides not be ready to do such thing limites the lend period to the short,and with collateral otherwise you can consider as donation.This service of banks is what makes them being soo big and has such power against others ,soo forget bitcoin has not ready to control this and be able to offer this service.
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Dr.Osh
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Activity: 2688
Merit: 1004
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March 24, 2016, 02:38:11 PM |
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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.
I guess you're right. bitcoin is currently no nothing compared with the bank. the bank has many functions that are not owned bitcoin, in addition to the bank's security is the best in the world. I guess if bitcoin able to make bank disappears, it takes a long time |
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NewInCryptoCurrency
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March 24, 2016, 02:39:27 PM |
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It will be possible later, when Bitcoin is really famous. But that needs a really long time maybe about 20 years or something.
But around this time it is of course not possible, many people need their banks and there are a lot of people that dont even know what Bitcoin is.
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jak1
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March 24, 2016, 02:40:22 PM |
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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.
I guess you're right. bitcoin is currently no nothing compared with the bank. the bank has many functions that are not owned bitcoin, in addition to the bank's security is the best in the world. I guess if bitcoin able to make bank disappears, it takes a long time Disappearing Banks is too early to say. Banks are the major part of the society and cannot be withdrawn very easily. It will take time for the bitcoin to come up-to the level of Banks. |
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kenot21
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March 24, 2016, 02:44:58 PM |
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maybe not, because they always make a new services maybe they will adopt bitcoin. it's still way too early to say it will happen but maybe in the future it will, we just don't know. The problem is the government are backing up the banks. So, it's hard to say.
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Arcteryx
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March 24, 2016, 02:49:22 PM |
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There will always be a use for the banks as they are a system that has been around since the dawn of time, where the cave men were trading rocks for things and there was one that had more rocks then the others  In my point of view there will be a bitcoin bank soon enough that will allow for you to trade it for fiat if you wanted too. |
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adibe
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March 24, 2016, 02:51:24 PM |
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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.
I guess you're right. bitcoin is currently no nothing compared with the bank. the bank has many functions that are not owned bitcoin, in addition to the bank's security is the best in the world. I guess if bitcoin able to make bank disappears, it takes a long time Disappearing Banks is too early to say. Banks are the major part of the society and cannot be withdrawn very easily. It will take time for the bitcoin to come up-to the level of Banks. I think bitcoin never make banks disappear, bitcoin don't have a big power to make baks disappear. Maybe it can happen if one of the richest person in the world adopt bitcoin, |
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sachung
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March 24, 2016, 03:03:07 PM |
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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.
The problem is the start, I doubt a real country would accept bitcoin right now and the news and directions of governments is more against bitcoin than with bitcoin, even banks are becoming interested in the block system so it can change how the economy looks... |
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Imoote
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March 24, 2016, 03:17:09 PM |
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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.
The problem is the start, I doubt a real country would accept bitcoin right now and the news and directions of governments is more against bitcoin than with bitcoin, even banks are becoming interested in the block system so it can change how the economy looks... Very precise, very difficult to bitcoin to make sure banks disappear because the state will help banks. As we know the country is in dire need banks to save money so it will not happen. |
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el kaka22
Legendary
Offline
Activity: 3500
Merit: 1162
www.Crypto.Games: Multiple coins, multiple games
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March 24, 2016, 07:14:24 PM |
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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. Yes worldwide most people and many countries already started to adopt bitcoin payments instead of their bank uses. The main reason for this, bitcoin has all the features required for more and demand like fast and secured transactions. |
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Imoote
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March 25, 2016, 04:11:37 AM |
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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. Yes worldwide most people and many countries already started to adopt bitcoin payments instead of their bank uses. The main reason for this, bitcoin has all the features required for more and demand like fast and secured transactions. Maybe you're right, but the average person using the bank for the transaction and can not escape. Although they use bitcoin surely they also use banks to save banks. Banks disappears it is very unlikely and it was very hard going. |
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nostal02
Member
Offline
Activity: 112
Merit: 10
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March 25, 2016, 04:30:43 AM |
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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. Yes worldwide most people and many countries already started to adopt bitcoin payments instead of their bank uses. The main reason for this, bitcoin has all the features required for more and demand like fast and secured transactions. Maybe you're right, but the average person using the bank for the transaction and can not escape. Although they use bitcoin surely they also use banks to save banks. Banks disappears it is very unlikely and it was very hard going. Banks can hardly disappear as most companies has affiliates with banks and some businessman owns a bank as well and company owner still uses banks to pay their worker through atm. |
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justdimin
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March 25, 2016, 07:58:06 AM |
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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 But when we are considering the year the bitcoin was introduced and the user base is currently having. The ratio would be more high and will support to say bitcoin would replace bank. |
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richmcrich
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March 25, 2016, 08:01:33 AM |
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it has the potential to do so, I consider bitcoin capable of changing the world economical system and take it to the next level, but of course for that to happen bitcoin needs to get more mainstream and worldwide worth and value more than now.
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DeDordtenaar
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March 25, 2016, 09:51:41 AM |
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it has the potential to do so, I consider bitcoin capable of changing the world economical system and take it to the next level, but of course for that to happen bitcoin needs to get more mainstream and worldwide worth and value more than now.
yeah all have the potential. but I would think that. it was very small potential to occur however banks and fiat is very important for human life. all of the financial system is regulated by bank |
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alisafidel58
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March 25, 2016, 10:09:34 AM |
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it has the potential to do so, I consider bitcoin capable of changing the world economical system and take it to the next level, but of course for that to happen bitcoin needs to get more mainstream and worldwide worth and value more than now.
yeah all have the potential. but I would think that. it was very small potential to occur however banks and fiat is very important for human life. all of the financial system is regulated by bank And the banks wont allow bitcoin to replace them as it will take away their business,and the government also wont allow that to happen because they cant infuse tax on bitcoin. |
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Flozbrand
Member
Offline
Activity: 70
Merit: 10
@flozbrand - Follow us on Twitter!
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March 25, 2016, 03:42:04 PM |
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Banks will change. It won't be as we know it today.
But we will always have banks.
Unless the world moves in a completely different direction then it is today.
We won't see that time in our lifetimes though.
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DeathAngel
Legendary
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Activity: 3094
Merit: 1596
#1 VIP Crypto Casino
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March 25, 2016, 04:05:03 PM |
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Bitcoin can be majorly successful even in the near future but if we're honest with ourselves fiat, government run banks will never disappear in our lifetime.
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hejaes
Newbie
Offline
Activity: 42
Merit: 0
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March 25, 2016, 04:09:56 PM |
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Bitcoin can be majorly successful even in the near future but if we're honest with ourselves fiat, government run banks will never disappear in our lifetime.
possible for bitcoin to disappear banks since it has no physical atms and also it is very critical when it comes to passwords because in bitcoin you lose every thing if you forget password.. |
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jethrorn99
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March 25, 2016, 04:12:51 PM |
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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. Yes worldwide most people and many countries already started to adopt bitcoin payments instead of their bank uses. The main reason for this, bitcoin has all the features required for more and demand like fast and secured transactions. Maybe you're right, but the average person using the bank for the transaction and can not escape. Although they use bitcoin surely they also use banks to save banks. Banks disappears it is very unlikely and it was very hard going. Banks can hardly disappear as most companies has affiliates with banks and some businessman owns a bank as well and company owner still uses banks to pay their worker through atm. I agree. Banks will not disappear until fiat disappear aswell. And that's almost impossible (yet, i dont know the future) If fiat still used, then banks will still be there aswell. |
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