Can Bitcoin make Banks disappear?

[danherbias07]

The only situation in which bitcoin can kill the banks is that bitcoin come under the control of government which will kill the bitcoin.So if bitcoin kills bank,it will kill bitcoin itself

You got the bulls eye. Control over bitcoin will kill it, lets say it will still exist but how many users will there be. The free will of controlling your own money is the reason that is why people are here. I strongly agree with you.

[Mr. Big]

The only situation in which bitcoin can kill the banks is that bitcoin come under the control of government which will kill the bitcoin.So if bitcoin kills bank,it will kill bitcoin itself

that is not possible governments will never support bitcoin, and if government will start having control on bitcoin then majority of us will stop using bitcoin for sure.

Yeah that's true,, if government would have control on bitcoin, that will lead to centralization if they want to...By that IMO majority would abandon bitcoin as government might impose taxes or what ever charges..with that for sure we will be back to banking..

[voztata]

When you exchange bitcoin to fiat money most of the time it goes through banks so you can't disappear banks.

I believe sooner or later people will stop converting bitcoins into fiats when they are able to directly use bitcoin for their spending purposes.

The same is also when buying bitcoins through your debit card or bank account it goes through bank.

When you are getting paid directly with bitcoins there is no need of buying it with your fiats.

You are trying to say in both buying and selling bitcoins we will completely eliminate the need of fiats or bank cards.  If it is possible in practically to achieve, then definitely bitcoin will make Banks to disappear.

[DuckKeeper]

The only situation in which bitcoin can kill the banks is that bitcoin come under the control of government which will kill the bitcoin.So if bitcoin kills bank,it will kill bitcoin itself

that is not possible governments will never support bitcoin, and if government will start having control on bitcoin then majority of us will stop using bitcoin for sure.

You can talk only about disappearing if Bitcoin is popular and it is not that popular now around this time, because there are a lot of people that is still using Dollars and that much change.
We see that Bitcoin is getting more popular and acceptable now but it is not that popular to disappear it.

[arwin100]

The only situation in which bitcoin can kill the banks is that bitcoin come under the control of government which will kill the bitcoin.So if bitcoin kills bank,it will kill bitcoin itself

that is not possible governments will never support bitcoin, and if government will start having control on bitcoin then majority of us will stop using bitcoin for sure.

You can talk only about disappearing if Bitcoin is popular and it is not that popular now around this time, because there are a lot of people that is still using Dollars and that much change.
We see that Bitcoin is getting more popular and acceptable now but it is not that popular to disappear it.

Yeah very have chance if government will control bitcoi. It will have effect on price and transaction fee.. If that will happen i think it wilk decreased its potential and many user may leave bitcoin for using it. and for that it wi be possible to bitcoin will easily die. But i dont think government wi bother to look on bitcoin cause they think they can earn with it.

[Superways]

No bitcoin will not disappear banks but I think banks will try to adopt bitcoin and will work to invest their own technology to maintain and regulate bitcoin after adopting it, and one other thing is that banks are involved in a large number of affairs of finance of a state, so it will have some work and duties even after people shift to bitcoin,

[Boosterious]

The only situation in which bitcoin can kill the banks is that bitcoin come under the control of government which will kill the bitcoin.So if bitcoin kills bank,it will kill bitcoin itself

good answer,its might happen in some counries,goverment take control to bitcoin,and then suggest bitcoin to use by banks and become national currency,i wish my country do that someday

[n0ne]

The only situation in which bitcoin can kill the banks is that bitcoin come under the control of government which will kill the bitcoin.So if bitcoin kills bank,it will kill bitcoin itself

good answer,its might happen in some counries,goverment take control to bitcoin,and then suggest bitcoin to use by banks and become national currency,i wish my country do that someday

Not at all possible to happen. If some government is taking control sure we can predict the destruction of bitcoin in the particular country has started, only few exceptions can be seen like china.

[lister storm]

The only situation in which bitcoin can kill the banks is that bitcoin come under the control of government which will kill the bitcoin.So if bitcoin kills bank,it will kill bitcoin itself

good answer,its might happen in some counries,goverment take control to bitcoin,and then suggest bitcoin to use by banks and become national currency,i wish my country do that someday

theres actually near to none possibility that this will ever happen in my opinion because most governments are actually against the the bitcoins and other cryptocurrencies

if this will actually happen it might be just because of the fact that bitcoin will become really popular among the people and it will make banks disappear in the future

[Bameras]

The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.

[plost24]

it is hard to make bank disappear because even when bitcoin will be populaire and very used it will creat some bank to loan and save bitcoin in it they don't miss any opportunity that can give them money, but now they are fighting for making bitcoin disappear.

[jod_doj]

The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.

banks will not adopt to bitcoins as bitcoins and banks are not nearly the same things that can go along together in my opinion thus someothing will have to go extinct

i hope that bitcoin will beat banks in the future and every person will be the bank themselves freely without any money sending limitations and so on

[terman45x]

The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.

banks will not adopt to bitcoins as bitcoins and banks are not nearly the same things that can go along together in my opinion thus someothing will have to go extinct

i hope that bitcoin will beat banks in the future and every person will be the bank themselves freely without any money sending limitations and so on

That is not possible at all, people who have faith in traditional banking system will continue to use the banks and they will never switch to any crypto currency for sure.

[Imoote]

The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.

banks will not adopt to bitcoins as bitcoins and banks are not nearly the same things that can go along together in my opinion thus someothing will have to go extinct

i hope that bitcoin will beat banks in the future and every person will be the bank themselves freely without any money sending limitations and so on

That is not possible at all, people who have faith in traditional banking system will continue to use the banks and they will never switch to any crypto currency for sure.

Yes if I believe there are very many here who changed their bitcoin they got into the money and then transfer them to the banks. That is evidence that we have not been able to escape from the banks.

[futurebit640]

I think No bitcoin not making Banks disappears because Banks are there in all over world and Bitcoin is becoming famous now and compare to bitcoin Bank is more safe so people who are making huge transaction they can choose Bank and Bitcoin also safe but much like bank they should give some more secure for there wallet because some hackers can easily hack there wallet i faced that problem so.

[aso118]

The conventional banks will adapt to the new environment and adopt bitcoin in its payment processing, they can save lots of money.

banks will not adopt to bitcoins as bitcoins and banks are not nearly the same things that can go along together in my opinion thus someothing will have to go extinct

i hope that bitcoin will beat banks in the future and every person will be the bank themselves freely without any money sending limitations and so on

That is not possible at all, people who have faith in traditional banking system will continue to use the banks and they will never switch to any crypto currency for sure.

Crypto currency is a few years old, while banks have been around for centuries. If given time, the halo that traditional banking systems have might get lost. Banks haven't conducted themselves very well in the last decade.

[orendel]

I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.

[Farma]

I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.

but we do not know the future. could someday bitcoin is no longer considered to be a coin, but was considered a legal currency for the internet and make the bank has a rival and potential to make banks disappear, well, we'll never know it

[Vaskiy]

I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.

but we do not know the future. could someday bitcoin is no longer considered to be a coin, but was considered a legal currency for the internet and make the bank has a rival and potential to make banks disappear, well, we'll never know it

No friend making banks to disappear by bitcoin is not so easy as we say. Even in most of the countries the government have banned bitcoin usage, but think about banks, it's an essential one to every country supported by the government.

[SquallLeonhart]

I dont think that Bitcoin will make banks disappear.
Bitcoin will not be a coin for the majority of the world.

but we do not know the future. could someday bitcoin is no longer considered to be a coin, but was considered a legal currency for the internet and make the bank has a rival and potential to make banks disappear, well, we'll never know it

No friend making banks to disappear by bitcoin is not so easy as we say. Even in most of the countries the government have banned bitcoin usage, but think about banks, it's an essential one to every country supported by the government.

Banks will never disappear as the older generation will always prefer to use banks as they will hesitate in using bitcoin as it will be very complicated for them.