Can Bitcoin make Banks disappear?

[knowhow]

Go anywhere online ask for a loan of 1 bitcoin and ask to repay in 12 months.Go to bank and ask 450dollars to repay in 12 months.You and i already know no one will fund the bitcoin loan,bank for other side will lend you and put their interest on it,soo do you still thinking bitcoin can do anything to them?

[romero121]

all people agree that bitcoin will not make bank disappear,the only possible thing is bitcoin will compete banks,and it start happen in this year,but some event will decide how long and how far bitcoin will make bank feel awfull with bitcoin existence.

true, everyone agreed that bitcoin agree, that bitcoin will not make banks disappear. perhaps the most appropriate reason for this is that these are not as good as the current bitcoin bank. banks already have systems that are very intense over bitcoin. and if bitcoin grows, so does the bank

Banks knows that hey have threat from bitcoins and now they have also started to introduce some innovative services that will attract people to continue to use banking system.

Yeah truly bitcoin will threat banks, when the usage of bitcoin around the world increases about 5-10% of the world population. So now itself banks had started improving their services as said by above mate.

[zerocharisma]

I't won't, Banks will just adapt to it. Also, The government won't let that happen. Bitcoin is still not that popular in some countries and there are not a lot of stores accept bitcoin. For now and maybe in the future too, we still need banks to convert it to fiat.

[KennyR]

We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.

Bank is in need to for bitcoin conversion. At present as said only less availability is found to use our bitcoin. So only when everything is available in exchange for bitcoin the need for bank decreases.

[arwin100]

No bank will never replaced and cannot be destroy b bitcoin but i think banks in future will adopt bitcoin. Bank owners will think their way to get more profit and obviously they will select the option to store bitcoin in their banks. I cannot imagin and i am happy with it if this is happen. But one thing is for sure we will all be benifited when it happens

[danherbias07]

No bank will never replaced and cannot be destroy b bitcoin but i think banks in future will adopt bitcoin. Bank owners will think their way to get more profit and obviously they will select the option to store bitcoin in their banks. I cannot imagin and i am happy with it if this is happen. But one thing is for sure we will all be benifited when it happens

Actually they are adopting it now. One example is security bank from the Philippines and I think they are getting profits from it too. Or they are also hoarding some bitcoins and waiting for that price increase

[talkbitcoin]

We still need the bank to convert bitcoin to fiat. There are still merchandize we cannot buy thru bitcoin, so we need to convert. Without the bank, this cannot happen.

the whole point of this argument is about the possibility of not needing fiat any more. which means no need to any banks either.
if bitcoin is accepted everywhere then you can use bitcoin instead of fiat and not need fiat for purchases.

[Imoote]

I't won't, Banks will just adapt to it. Also, The government won't let that happen. Bitcoin is still not that popular in some countries and there are not a lot of stores accept bitcoin. For now and maybe in the future too, we still need banks to convert it to fiat.

Yes I think you really think we still need banks to convert into money so that we could use. And the government probably will not let that happen because the government still require banks.

[mirana12345]

Banks will adapt like they always do, and they will always turn a profit. Bitcoin could be considered just as another fiat created by an another new country.
The only thing i'm interested to see is how they will enforce anti-abuse laws when it comes to bitcoin due to it being somewhat easy to mix and lose origin trace.

[apriyoni]

Banks will adapt like they always do, and they will always turn a profit. Bitcoin could be considered just as another fiat created by an another new country.
The only thing i'm interested to see is how they will enforce anti-abuse laws when it comes to bitcoin due to it being somewhat easy to mix and lose origin trace.

That is right. The banks will always make money and use whatever currency that makes money. There is no exception.

[Hellacopter]

It's really hard that Bitcoin makes banks disappear, because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat

[Maxim_Smirnov]

Banks are not going anywhere)))

[n691309]

When you exchange bitcoin to fiat money most of the time it goes through banks so you can't disappear banks. The same is also when buying bitcoins through your debit card or bank account it goes through bank.

[n0ne]

It's really hard that Bitcoin makes banks disappear, because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat

Well said, bank is much used compared to our bitcoin. As said even in converting our bitcoin we depend on bitcoin. So making banking get disappeared is really a difficult task.

[BitHodler]

It's really hard that Bitcoin makes banks disappear, because simply people still using banking services a lot more than Bitcoin till now , and also even Bitcoin this banking services to get converted into fiat

Well said, bank is much used compared to our bitcoin. As said even in converting our bitcoin we depend on bitcoin. So making banking get disappeared is really a difficult task.

It's not difficult, it's impossible. No matter how much people here don't like banks, we simply can't without them in the current modern life.

[VPScreator]

Some people love to keep money as safe places so maybe not replace but maybe 

[Kartikay]

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

[vlad_rogozov]

I think not

[quentincole32]

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

impossible for now,but in the future we will never know that bitcoin will become better than now,and digital era make people convert all they need to more digitally,its glad to know if my son or grandchild in future still can know about bitcoin.

[gkv9]

No!!!!
This is impossible!
People have more trust in banks than in bitcoins.
Humans believe more in physical things than in virtual. Young generation is still more adaptable to virtual world but older ones are adamant towards baking system.

Some time back, people said that Bitcoins will never reach $100, it reached, they thought it would never go $1000, it went way above it...
Never underestimate the power of such technology which has Microsoft using it, they must have something in mind when they chose Bitcoins...