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Author Topic: Can Bitcoin make Banks disappear?  (Read 427560 times)
danherbias07
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June 10, 2016, 12:35:18 PM
 #1641

Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.

That is correct. They have big money. They can do something if suddenly banks collapses. They can even adapt something else or buy anything that will provide them back to get some profit.

It can only makes it disappear when Bitcoin is really popular and that is not the case now because there are still a lot of people that is using their banks.
So to let them disappear them you have to make Bitcoin more famous and more used.

Correct. Literally we can see in that there are still many bank establishments that are being created. That is a sign that they are not even afraid of losing their businesses. I would say they can make it disappear if those banks are closing.

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June 10, 2016, 01:24:45 PM
 #1642

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.

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June 10, 2016, 01:58:49 PM
 #1643

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.


Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.

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Imoote
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June 10, 2016, 02:21:45 PM
 #1644

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.


Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.

Yes true in the future will live where many people have digital currency. But to eliminate the banks is very unlikely because banks have legal protection. And because I think they can not be equated.
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June 10, 2016, 02:28:17 PM
 #1645

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.


Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.

Yes true in the future will live where many people have digital currency. But to eliminate the banks is very unlikely because banks have legal protection. And because I think they can not be equated.
but I think, people might prefer a bank rather than bitcoin, and bitcoin I think the future will only be a competitor for the bank, and the bank will not make disappear
Bitcoinbro
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June 10, 2016, 02:33:04 PM
 #1646

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.


Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.

Yes true in the future will live where many people have digital currency. But to eliminate the banks is very unlikely because banks have legal protection. And because I think they can not be equated.
but I think, people might prefer a bank rather than bitcoin, and bitcoin I think the future will only be a competitor for the bank, and the bank will not make disappear

I'm also thinking this, I think the bitcoin can never do this, the bitcoin is simply just too small compared with the banks nowadays.
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June 10, 2016, 02:43:19 PM
 #1647

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...
I agree with you,BITCOIN can make banks disaapear ,although it's need a long time,it's not mean BITCOIN can't.


Just like how fiat money had barter system and other older terms of payment replaced, bitcoin will replace fiat money as well. Some people might not think of it as a possibility as of today, but it surely will. In the future, we will live in a place where everything is digital so the currency should be digital as well. Once the robots take over, the purely digital age will begin. An era where your money will be recorded online.

Yes true in the future will live where many people have digital currency. But to eliminate the banks is very unlikely because banks have legal protection. And because I think they can not be equated.
but I think, people might prefer a bank rather than bitcoin, and bitcoin I think the future will only be a competitor for the bank, and the bank will not make disappear

I'm also thinking this, I think the bitcoin can never do this, the bitcoin is simply just too small compared with the banks nowadays.

You first say it can "never" do this, then you say "nowadays"... so decide if never or currently, because your sentence lacks sense.

Bitcoin will make banks obsolete if banks don't adapt to Bitcoin. There will always be people that want other people to hold their money for them, so "Bitcoin banks" will emerge.
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June 10, 2016, 04:37:17 PM
 #1648

I hardly doubt that banks will ever dissapear... at least, not in the next few decades.
Insted of dissapearing, they'll have to adapt to the new realities.
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June 10, 2016, 05:26:11 PM
 #1649

Bitcoin can't make banks disappear,cause banks are protected by goverments of different countries and bitcoin is illegal in many countries, it's really matter.

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June 10, 2016, 06:42:49 PM
 #1650

Bitcoin can't make banks disappear,cause banks are protected by goverments of different countries and bitcoin is illegal in many countries, it's really matter.

Banks are protectedby governments?
I guess you're talking about bailouts and bailins right? Sooner or later this will have find an end as well.
And please list all those "many countries" where Bitcoin is officially banned!! I'm sure your list won't even have 10 countries!
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June 11, 2016, 02:40:02 AM
 #1651

I think its a no.Even if i am an bitcoin enthusiast im not believing that bitcoin can replace banks even in future.Banks been out before bitcoin existed in this world.People trust banks more than bitcoins because bamks is more secured.Bank is operated by government i think it cannot be replaced by a coin made by business mans

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June 16, 2016, 07:10:39 AM
 #1652

The bitcoin can make the banks much stronger. It can save them a lot of money and earn them a lot of money.
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June 16, 2016, 07:14:54 AM
 #1653

bitcoin make bank interesting to adopt blockchaian, banks interesting to use technology behind bitcoin Roll Eyes

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June 16, 2016, 07:16:31 AM
 #1654

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country Smiley.
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June 16, 2016, 08:46:47 AM
 #1655

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country Smiley.
If the bitcoin will be a coin/paper currency and the demand will go high the banks will absorb that as their another additional currency but bitcoin can not disappear the banks.
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June 16, 2016, 08:49:40 AM
 #1656

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country Smiley.
If the bitcoin will be a coin/paper currency and the demand will go high the banks will absorb that as their another additional currency but bitcoin can not disappear the banks.

Hmmm. Thinking about that it cannot be. For bitcoins purpose is online so it dont need a physical thing. If that happen and they made something that is worth a bitcoin or two I think that would be a scam.
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June 16, 2016, 09:10:22 AM
 #1657

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country Smiley.
If the bitcoin will be a coin/paper currency and the demand will go high the banks will absorb that as their another additional currency but bitcoin can not disappear the banks.

Hmmm. Thinking about that it cannot be. For bitcoins purpose is online so it dont need a physical thing. If that happen and they made something that is worth a bitcoin or two I think that would be a scam.

Banks will always be there and I don't think bitcoin will going make it happen that they are going to make banks disappear. And bank is very important in an economy and government. And if that happens no one will going to circulate the flow of money, fiat or digital in a country.

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June 16, 2016, 12:07:26 PM
 #1658

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country Smiley.
If the bitcoin will be a coin/paper currency and the demand will go high the banks will absorb that as their another additional currency but bitcoin can not disappear the banks.

Hmmm. Thinking about that it cannot be. For bitcoins purpose is online so it dont need a physical thing. If that happen and they made something that is worth a bitcoin or two I think that would be a scam.

Banks will always be there and I don't think bitcoin will going make it happen that they are going to make banks disappear. And bank is very important in an economy and government. And if that happens no one will going to circulate the flow of money, fiat or digital in a country.

Actually let us rethink about this. "Banks". Where did it actually start. I think they started as a business infrastracture that will lend money to people. Before all the upgrades what are the through intentions? And with this is binded percentage if you will pay annually or semi annual. That is robbery already.  Undecided

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June 16, 2016, 12:15:49 PM
 #1659

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country Smiley.
If the bitcoin will be a coin/paper currency and the demand will go high the banks will absorb that as their another additional currency but bitcoin can not disappear the banks.

Hmmm. Thinking about that it cannot be. For bitcoins purpose is online so it dont need a physical thing. If that happen and they made something that is worth a bitcoin or two I think that would be a scam.

Banks will always be there and I don't think bitcoin will going make it happen that they are going to make banks disappear. And bank is very important in an economy and government. And if that happens no one will going to circulate the flow of money, fiat or digital in a country.

Actually let us rethink about this. "Banks". Where did it actually start. I think they started as a business infrastracture that will lend money to people. Before all the upgrades what are the through intentions? And with this is binded percentage if you will pay annually or semi annual. That is robbery already.  Undecided

Not sure I understand you. You're saying that banks charge too much interest on loans?
greatr
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June 16, 2016, 12:37:29 PM
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i think that bitcoins might definitely make banks disappear because people wont be interested in fiat

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.
Yes, i also thinking about that they will also use bitcoin to gain more users of their banks. I hope that it will happen in my country Smiley.
If the bitcoin will be a coin/paper currency and the demand will go high the banks will absorb that as their another additional currency but bitcoin can not disappear the banks.

Hmmm. Thinking about that it cannot be. For bitcoins purpose is online so it dont need a physical thing. If that happen and they made something that is worth a bitcoin or two I think that would be a scam.

Banks will always be there and I don't think bitcoin will going make it happen that they are going to make banks disappear. And bank is very important in an economy and government. And if that happens no one will going to circulate the flow of money, fiat or digital in a country.

Actually let us rethink about this. "Banks". Where did it actually start. I think they started as a business infrastracture that will lend money to people. Before all the upgrades what are the through intentions? And with this is binded percentage if you will pay annually or semi annual. That is robbery already.  Undecided

Not sure I understand you. You're saying that banks charge too much interest on loans?
of course, banks are making money out of your money that you deposit in it, thats just crazy
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