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Author Topic: Can Bitcoin make Banks disappear?  (Read 427560 times)
Imoote
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February 28, 2016, 02:51:21 PM
 #541

I think Bitcoin's can't make the banks disappear at least in our nearest future, because banks are having already a very big community using and supporting it's services till now. But in time it's possible that Bitcoin will be used more than banks
At any time until the bank is not going to disappear because each country must require the bank to manage money so it's highly unlikely. If it happens to be an economic crisis and financial instability. Bitcoin can not make the banks disappear because I think they are different and can not influence each other.
MaxTax
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February 28, 2016, 03:19:46 PM
 #542

It is impossible. That cant happen. Many people use their normal money and they need their normal banks too.
There are so many people that dont even know what Bitcoin is so that cant happen. Maybe later after 50 years. That is maybe possible.
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February 28, 2016, 03:30:52 PM
 #543

It is impossible. That cant happen. Many people use their normal money and they need their normal banks too.
There are so many people that dont even know what Bitcoin is so that cant happen. Maybe later after 50 years. That is maybe possible.


that is right, adoption won't really that easy to happen, many people, specially those who are not open to accept this technology are still have their fiat in the bank, and even us, we have to admit it, we still have a bank account...   Smiley

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February 28, 2016, 03:39:16 PM
 #544

I feel such possibility is very low. Making banks disappear is just a part of the bitcoin's growth.
If this happens most banks might change their technology and try using bitcoins.

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bob123
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February 28, 2016, 06:14:13 PM
 #545

Bitcoin can eventually make banks disappear. But this wont happen tomorrow.

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February 28, 2016, 06:19:44 PM
 #546

That will not happen. But I think that will not happen so fast. That is not so good for the people.
I think that more people will use also normal banks. And they dont know how to use Bitcoin.
To some extent the world is ruled by banks, in short the government and if bitcoins take over banks then the government will lose its stability and I do not think the government would let a decentralized currency get the better of them.
coinplus
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February 28, 2016, 06:38:25 PM
 #547

Bitcoin can eventually make banks disappear. But this wont happen tomorrow.
Actually not, because you see some people prefer legal works over such things and they wont stop using banks. But yes if you ask me and given a choice, I would stop using bank, come on what you need is all provided by btc then whats the need of banks man ?
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February 28, 2016, 07:05:26 PM
 #548

That will not happen. But I think that will not happen so fast. That is not so good for the people.
I think that more people will use also normal banks. And they dont know how to use Bitcoin.
To some extent the world is ruled by banks, in short the government and if bitcoins take over banks then the government will lose its stability and I do not think the government would let a decentralized currency get the better of them.


The banking elite is controlling the world. Not just financially but also politically.
If you think about it, most of the things go through them, which makes them impossible to defeat.
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February 28, 2016, 08:39:16 PM
 #549

I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.

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February 28, 2016, 08:42:04 PM
 #550

I think Bitcoin's can't make the banks disappear at least in our nearest future, because banks are having already a very big community using and supporting it's services till now. But in time it's possible that Bitcoin will be used more than banks
I am just wondering how a currency make banks disappears? bitcoin is a currency, as like dollar, and Euro and banks are the currency maker and controller. How a currency disappear currency maker, bitcoin need so much power to do this This time bitcoin is strong currency but not that much.
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February 29, 2016, 06:43:43 AM
 #551

Bitcoin has no chance against banks. Pretty much everyone in the world uses a bank.

I think that is unfair to compare the usability of each banks and Bitcoins , banks are working since centuries while Bitcoin just created since few years ago and already made a great success

Bitcoin is just a kind of currency. The banks can adopt it easily. They can use that for making profits as well.
I dont think something like bitcoins would be accepted by bank ( though would love to see them getting accepted ) , reason being price is unstable of BTC and banks wont be a fan of that.

uniton
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February 29, 2016, 07:13:48 AM
 #552

I think Bitcoin's can't make the banks disappear at least in our nearest future, because banks are having already a very big community using and supporting it's services till now. But in time it's possible that Bitcoin will be used more than banks
I am just wondering how a currency make banks disappears? bitcoin is a currency, as like dollar, and Euro and banks are the currency maker and controller. How a currency disappear currency maker, bitcoin need so much power to do this This time bitcoin is strong currency but not that much.
I agree with you bitcoin's can't make bank disappear, but I believe someday bitcoin can replace the fiat especially for paper money, peoples are prefer to pay things with virtual money and I think bitcoin is the best payment processor ever
but to make bank disappear, I think bitcoin have nothing to do that
Just my thoughts

newcoins1978
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February 29, 2016, 09:27:25 AM
 #553

That cant happen. I think that will not happen. Many people doesnt even know what Bitcoin is and that is not good.
I hope maybe it can happen later in the future. So we use Bitcoin more and that will be good for the people. The world is becoming more digital.
ajun96
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February 29, 2016, 09:53:40 AM
 #554

I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.
have you ever heard that banks hate bitcoin? what they are talking about it. I guess they do not hate bitcoin. both are different things. I do not think either of them. can make one become dissapear
n0ne
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February 29, 2016, 10:41:17 AM
 #555

I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.

On the whole bitcoin is used by most banks indirectly, they haven't got into this technology directly.
When they get into this directly sometimes the disappearing will takeplace in a short team.

Imoote
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February 29, 2016, 12:10:48 PM
 #556

I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.
have you ever heard that banks hate bitcoin? what they are talking about it. I guess they do not hate bitcoin. both are different things. I do not think either of them. can make one become dissapear
I think bank will not hate bitcoin because they are very different and are not interconnected. Highly unlikely if bitcoin make bank disappears and it is impossible because the two are very different.
sishendaoye
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February 29, 2016, 02:48:14 PM
 #557

I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.
have you ever heard that banks hate bitcoin? what they are talking about it. I guess they do not hate bitcoin. both are different things. I do not think either of them. can make one become dissapear
I think bank will not hate bitcoin because they are very different and are not interconnected. Highly unlikely if bitcoin make bank disappears and it is impossible because the two are very different.
It wont happen. Many people need also some normal banks. They dont even know what Bitcoin is and what you can do with it.
So first you must make Bitcoin more popular and than you can talk about banks are disappearing.
coinzat
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February 29, 2016, 02:57:13 PM
 #558

I think its not possible, the bank are way to powerful and they will never let this happen ever, they bank is also hating the bitcoin so they will never happen for that reason too.
Although its not impossible of course but if it can happen it will still take year before this is even possible.
have you ever heard that banks hate bitcoin? what they are talking about it. I guess they do not hate bitcoin. both are different things. I do not think either of them. can make one become dissapear
I think bank will not hate bitcoin because they are very different and are not interconnected. Highly unlikely if bitcoin make bank disappears and it is impossible because the two are very different.

I do not agree with you that they are completely different. Bitcoin is a huge competitor with normal banks because once people know that with btc they can fully control their money and spend it whenever they want unlike banks which one does not have any control over his deposited money and banks may create restrictions and limits that prevent him from using his own money, once more people feel the difference, they will abandon banks
praprata
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February 29, 2016, 02:59:05 PM
 #559

well considering that our world is ruled right now by the bankers , let s hope it is not the bank who will make bitcoin disappear lol

Indeed, Its possible but I think its gonna be a long journey due to the fact that bank will not let this happen easy because they are against it and want to destroy the bitcoin.

My conclusion is that its possible for sure but it will take some time to do this, I think it will take years before it even can become true.


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February 29, 2016, 03:14:20 PM
 #560

I think people will still using Banks and banking services because it's needed nowadays and Bitcoin still need more usability to replace it
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