Can Bitcoin make Banks disappear?

[Nandiwal]

I think it will never happen. bank will stay always. coz its not possible for everyone to use a single currency worldwide. also not all people use a single way to purchase everything. people like always something new things that why Bitcoin exist today. hope BTC will become most usable currency worldwide in future.

[newcoins1978]

It will of course not happen. That is impossible. Everyone need banks and that is very normal, I think.
You never know what will happen in the future. But not everyone know Bitcoin and that is a problem for Bitcoin.

[ObscureBean]

Simple answer is no, it cannot.
As it stands banks don't see Bitcoin as a threat simply because the technology is still very very far from being able to provide a global solution that rivals their own system in terms of stability and dependability. Why would anyone want Bitcoin to make banks disappear anyway? Bitcoin is not perfect, both Bitcoin and banks have their advantages and disadvantages, it would be a lot more beneficial to everyone if the two coexisted or even merged.

[panju1]

I think it will never happen. bank will stay always. coz its not possible for everyone to use a single currency worldwide. also not all people use a single way to purchase everything. people like always something new things that why Bitcoin exist today. hope BTC will become most usable currency worldwide in future.

Banks and single currency have no correlation. Banks are a recent phenomenon. Multiple currencies have existed across the world for ages. Banks provide multiple services to people, not all of which can be replaced by bitcoin.

[noormcs5]

Yes one day bitcoins can really make bank disappear.

You will see, that time not so far away.

[Red-Apple]

one of the biggest goals of bitcoin was to make banks disappear. with all the decentralization it offers it actually has the potential to do that too.
but not yet. bitcoin needs to get bigger than this to do such a big task. because we are still in need of banks for all our financial needs.

[knowhow]

Well bitcoin borned with the low cost transaction fees and to take out the banks and governements the control our your money,returning it to us .I dont know where bitcoin can take us but banks and governments are and keep stealing fiat to them soo till the day that stop we will be trusting our fiat into bitcoin that looks like to be more safe,and we can offer the same services as banks ,lending,crowfunding and more projects,the thing is banks will loose costumers if they dont adopt the crypto currencie over the time.

[lixer]

I do not think so. The Bank is one
important part in the world economy

But bitcoins can themselves have their own bank and the tax saving feature would be able to attract a lot of customers. When bitcoins get more popularity, the importance of banks may diminish over time.

However, if the Government takes the control then bitcoins would be a bigger problem for customers compared to fiat. It
would not make banks disappear though as people will always prefer to own fiat along with bitcoins.

[Nemesis099]

I do not think so. The Bank is one
important part in the world economy

But bitcoins can themselves have their own bank and the tax saving feature would be able to attract a lot of customers. When bitcoins get more popularity, the importance of banks may diminish over time.

However, if the Government takes the control then bitcoins would be a bigger problem for customers compared to fiat. It
would not make banks disappear though as people will always prefer to own fiat along with bitcoins.

People are using bitcoins only because its decentralized, if the government will take control over it in future, then it will loose all its value and shine, and people would not bother to use bitcoins.

[Windpower]

Bitcoin and banks are here to stay. You can't have one without the other. They help each other improve.

[n0ne]

I do not think so. The Bank is one
important part in the world economy

But bitcoins can themselves have their own bank and the tax saving feature would be able to attract a lot of customers. When bitcoins get more popularity, the importance of banks may diminish over time.

However, if the Government takes the control then bitcoins would be a bigger problem for customers compared to fiat. It
would not make banks disappear though as people will always prefer to own fiat along with bitcoins.

People are using bitcoins only because its decentralized, if the government will take control over it in future, then it will loose all its value and shine, and people would not bother to use bitcoins.

when there is a control on bitcoin, the user rate will surely reduce. Eventually the price of bitcoin will also decrease. Users will be there just because of the advancement in technology.

[pneumatic5]

Bitcoin and banks are here to stay. You can't have one without the other. They help each other improve.

Yeah, that's true and both are important for the people in general I guess, as the people who are not used to internet and stuff they would prefer to use banks for sure.

[CryingMidget]

Bitcoin and banks are here to stay. You can't have one without the other. They help each other improve.

 
Yeah, that's true and both are important for the people in general I guess, as the people who are not used to internet and stuff they would prefer to use banks for sure.

I don't how you will prefer banking system We can't make profit from that. Fee us very high in all kind of transactions and they crashing our savings fund from Atm machines with extra charges. Foolish thing you are looking for I guess. Best to go with bitcoin.

[pneumatic5]

I do not think so. The Bank is one
important part in the world economy

Yeah that is true, investors use it very much, even us, we have bitcoin but most of us has a bank account...even if bitcoin goes mainstream, I think bank would always be there and might probably be using the same technology as bitcoin...

That's quiet possible that banks starts adopting the block chain technology in future, but banks will not disappear for survive, we will see many new currencies in future, but banks will always hold their position.

[Imoote]

I do not think so. The Bank is one
important part in the world economy

Yeah that is true, investors use it very much, even us, we have bitcoin but most of us has a bank account...even if bitcoin goes mainstream, I think bank would always be there and might probably be using the same technology as bitcoin...

That's quiet possible that banks starts adopting the block chain technology in future, but banks will not disappear for survive, we will see many new currencies in future, but banks will always hold their position.

I think for the new currency I'm not sure it will happen.
And I think bitcoin will not make banks disappear.
Both are different and are not interconnected.

[Aurorae]

Yes one day bitcoins can really make bank disappear.

You will see, that time not so far away.

To be honest with you, I don't think banks can disappear because of Bitcoin. I just can't find any reason it would do so.

[steveds]

I do not think so. The Bank is one
important part in the world economy

But bitcoins can themselves have their own bank and the tax saving feature would be able to attract a lot of customers. When bitcoins get more popularity, the importance of banks may diminish over time.

However, if the Government takes the control then bitcoins would be a bigger problem for customers compared to fiat. It
would not make banks disappear though as people will always prefer to own fiat along with bitcoins.

People are using bitcoins only because its decentralized, if the government will take control over it in future, then it will loose all its value and shine, and people would not bother to use bitcoins.

Not really ,I don't use bitcoin only because people cannot seize my coins or take it from me saying any bullshit but also because of less fees and ease to transfer money.The governments cannot take control over it anyways.

I just can't find any reason it would do so.

I think maybe sometime in future when everyone is having their own wallet's and spending with their will.I don't think though.

[sishendaoye]

I dont think so. Many people need some normal banks too. And that is very important for them.
I hope of course that Bitcoin will be more popular and more used. But it will only reduce banks and not disappear.

[diegz]

I dont think so. Many people need some normal banks too. And that is very important for them.
I hope of course that Bitcoin will be more popular and more used. But it will only reduce banks and not disappear.

Not only them, all of us... we need banks and fiat in our daily lives to purchase physical goods, foods and anything in the store..If bitcoin  would be widely adopted around the world then there is a big chance that it will play major role in the economy, but it won't make banks disappear..

[LightPulsar07]

NO. people need bank to store their money and earn interest from it.and bank play important role to person and economy of a country.  i think we might have bank for bitcoin someday to regulate it and also for security. i guess. because of anonymity of bitcoin we really need a bank.