Can Bitcoin make Banks disappear?

[glorywhole]

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 .

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. 

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

So... Don't take out loans? Problem solved?

[chaosknight]

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 .

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. 

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

That's crazy but people don't have any other option to save their money as banks are the safest place to store your money and the other fact is they are still not aware about bitcoin.

[AlexBits]

Not, bank will not disappear, well actually bitcoin haven't a power to do that, although the system against the bank system.
And if you back to basic, bitcoin created as alternative currency, and the value is depends on fiat, BTC/USD. The pair always be like that.

[_Miracle]

"BTC/USD. The pair always be like that."

The pair is only like that if you choose it that way. In an exchange you can choose your pair.
Where USD is more widely used it will be paired with USD but it can be paired with any currency.

[cluit]

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 .

Yes oviously in future the banks will also be using bitcoins as the future of bitcoin will force them to do so because there will be many bitcoiners and  to make the business alive they will start using  bitcoins.

[mark coins]

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 .

Yes oviously in future the banks will also be using bitcoins as the future of bitcoin will force them to do so because there will be many bitcoiners and  to make the business alive they will start using  bitcoins.

This is really difficult to predict that whether banks will start using bitcoin in future or not but one this is sure that banks will always survive and won't get replaced by bitcoin.

[BombayChicken]

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 .

Yes oviously in future the banks will also be using bitcoins as the future of bitcoin will force them to do so because there will be many bitcoiners and  to make the business alive they will start using  bitcoins.

This is really difficult to predict that whether banks will start using bitcoin in future or not but one this is sure that banks will always survive and won't get replaced by bitcoin.

Its indeed difficult to predict but I honestly do not think this is possible because its simply not very easy.
A lot of people are depending on the banks and I also think elderly will never step over plus the investment market is based on banks..

[respawn2]

I think that the bank is more important that the authorities , because they can rule fiat banking . In fact bitcoin bank should not , but people still need to get to the bank fiat after getting converted from a bitcoin. So now , the bank does not disappear , because bitcoin. In the future , who knows .

[killerjoegreece]

banks is very hard to erradicate. too many supporters there still

[X-ray]

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 .

Yes oviously in future the banks will also be using bitcoins as the future of bitcoin will force them to do so because there will be many bitcoiners and  to make the business alive they will start using  bitcoins.

This is really difficult to predict that whether banks will start using bitcoin in future or not but one this is sure that banks will always survive and won't get replaced by bitcoin.

It's very difficult for the bank to accept bitcoin, Think again bitcoin have a different system, Bitcoin is secure their user's privacy with their anonymity and bank secure their security can make their user avoid a criminal activity.

[eddyubachs]

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 .

Yes oviously in future the banks will also be using bitcoins as the future of bitcoin will force them to do so because there will be many bitcoiners and  to make the business alive they will start using  bitcoins.

This is really difficult to predict that whether banks will start using bitcoin in future or not but one this is sure that banks will always survive and won't get replaced by bitcoin.

It's very difficult for the bank to accept bitcoin, Think again bitcoin have a different system, Bitcoin is secure their user's privacy with their anonymity and bank secure their security can make their user avoid a criminal activity.

I think that is impossible that banks will start using and supporting bitcoin in future, bitcoin is threat to banking system and banks will never standby bitcoins ever.

[mightyghz]

The problem is that if BTC doesn't get widely adopted by banks and consumers alike then it will never be a viable replacement for existing systems

[Ryananda]

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 .

Yes oviously in future the banks will also be using bitcoins as the future of bitcoin will force them to do so because there will be many bitcoiners and  to make the business alive they will start using  bitcoins.

This is really difficult to predict that whether banks will start using bitcoin in future or not but one this is sure that banks will always survive and won't get replaced by bitcoin.

It's very difficult for the bank to accept bitcoin, Think again bitcoin have a different system, Bitcoin is secure their user's privacy with their anonymity and bank secure their security can make their user avoid a criminal activity.

I think that is impossible that banks will start using and supporting bitcoin in future, bitcoin is threat to banking system and banks will never standby bitcoins ever.

I think bitcoin will not affect the banking system. Because I think both are very different. Bitcoin can not make banks disappear because banks are still needed for the government and individuals.

[Sorrowfox]

I think bitcoin cant make bank disappear because bitcoin cant control their price so i thin bitcoin cant disappear banks.
But if manipulator wants to bank disappear it is depends on the manager strategic on how to grow his bitcoin if he sell it or not.
But i think why the bitcoin holder or manipulator wants to disappear banks.. This is just a nonsense thing if you disappear banks.

[wintermeasures]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

Banks will not be disappear if there fiat money. so if you want to eliminate bank it must eliminate fiat money as well, which is where it will not happen. Thank you

[chaosknight]

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?

Banks will not be disappear if there fiat money. so if you want to eliminate bank it must eliminate fiat money as well, which is where it will not happen. Thank you

Agreed neither the banks nor fiat will disappear in future as both of them are very strong part of our lives and majority of people are dependent on it.

[Ryananda]

I think bitcoin cant make bank disappear because bitcoin cant control their price so i thin bitcoin cant disappear banks.
But if manipulator wants to bank disappear it is depends on the manager strategic on how to grow his bitcoin if he sell it or not.
But i think why the bitcoin holder or manipulator wants to disappear banks.. This is just a nonsense thing if you disappear banks.

Absolutely bitcoin will not be able to eliminate the banks as I'm sure banks have the strength in the economy. I'm sure many bitcoin users also require banks to convert into cash. I'm sure at any time until banks will remain for a very good development banks from year to year.

[Mayuyu48]

I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

[Babayega31]

I think bitcoin cant make bank disappear because bitcoin cant control their price so i thin bitcoin cant disappear banks.
But if manipulator wants to bank disappear it is depends on the manager strategic on how to grow his bitcoin if he sell it or not.
But i think why the bitcoin holder or manipulator wants to disappear banks.. This is just a nonsense thing if you disappear banks.

Absolutely bitcoin will not be able to eliminate the banks as I'm sure banks have the strength in the economy. I'm sure many bitcoin users also require banks to convert into cash. I'm sure at any time until banks will remain for a very good development banks from year to year.

Very clear it would not happen since knowing to local authorities bitcoin is illegal money and some other countries banned from using it thats why we cant really see bank dissapearance by just this bitcoin instead maybe we can see in the future that banks will adopt bitcoin and accept to store at them and thats clearly will happen in future and not the bank dissapearance.

[kinhvuong]

I believe bitcoins will make banks disappear, but it will take a long time as the centralized system won't give in so easily. Decentralized system is the future, but centralized system wont' give up without a fight.

When are they going to learn its doesn't have to be bitcoin or proof of work but a blockchain without the 'token' is kind of useless and provides no incentive for network security or transparency.