Can Bitcoin make Banks disappear?

[Meuh6879]

because we all know that bank is more secure than bitcoins, and it's trusted by many people in this world.

remember how many debt they have created ?



How many ... in only 8 years ?

[Cyaren]

Banks will exists forever.
But the BTC already made a change,banks got into this buissness.
They wont disappear but im pretty sure you will can take credit for lets say 100k$ in bitcoins in few years.
That is cool for me,but banks will remain forever,thats our shitty world im afraid

[ardentvolcanoes]

it is much impossible for bitcoin to make banks disappear because bitcoin price still relying on the real currencies and if banks will disappear because of bitcoin it would be our new currency and it is not a good idea because it doesn't have a stable price and it cannot be the same as the fiat .

[serjent05]

Bitcoin might be very popular someday, even be used by almost majority of  computer literate people but I think Bitcoin don't have the power to make Banks disappear.  Other than managing money. bank have different function that bitcoin can't do.  Besides, bank is manage by intelligent professional people that can ride among waves of trending stuff.  I bet this people will even manage to capitalize the great effect of Bitcoin to the society.

[stadus]

it is much impossible for bitcoin to make banks disappear because bitcoin price still relying on the real currencies and if banks will disappear because of bitcoin it would be our new currency and it is not a good idea because it doesn't have a stable price and it cannot be the same as the fiat .

If the bitcoin is a good transaction tool to cut the banking cost and make them more profit, the banks will use it.

[buddu]

Bitcoin can not make banks disappear.Bitcoin is cost effective and offer decentralization with freedom of use than banks.the real problem is with its limited supply which can not handle universal demand.This is the reason banks took blockchain technology and preparing them for new eras challenges.Bitcoin will have central position in new co-exist system in future with banks.

[QuestionAuthority]

Absolutely, Bitcoin (the currency/commodity) is primed and ready to take over banks (lending/savings institutions).






 People that know absolutely nothing about finance

 People that know absolutely nothing about math

 People that know absolutely nothing about governments

 People that know absolutely nothing about computers or software

 Have a home with Bitcoin

[boyptc]

Bitcoin can not make banks disappear.Bitcoin is cost effective and offer decentralization with freedom of use than banks.the real problem is with its limited supply which can not handle universal demand.This is the reason banks took blockchain technology and preparing them for new eras challenges.Bitcoin will have central position in new co-exist system in future with banks.

I agree it is very hard for bitcoin to make the banks disappear. It is just going to be possible if the whole world is going to use bitcoin.
But as of today, that is very impossible thing to happen.

[groll]

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 with adaptive capacity and will in line and evolve to the cryptocurrency economy will surely survive and will continue its services. While those who will be left behind will going to disappear along with bankruptcy. Banks who will survive will focus more on lending rather than on savings. The power of banks will surely decrease.

[Sled]

I don't think that bitcoin can make banks disappear because they are older in bitcoin and they're also one of the common needs of a person and also, the banks are too big and they're supported by government, If you are thinking that bitcoin can make banks disappear i think that bitcoin needs government first to support them so it will be easy for bitcoin to be legalize and also replace banks soon.

[jossiel]

I don't think that bitcoin can make banks disappear because they are older in bitcoin and they're also one of the common needs of a person and also, the banks are too big and they're supported by government, If you are thinking that bitcoin can make banks disappear i think that bitcoin needs government first to support them so it will be easy for bitcoin to be legalize and also replace banks soon.

That is really impossible that bitcoin is going to make banks disappear. We all know that banks are playing a big role in the economy of a country.
They are ones thats regulating money in a country.
And without them for sure big whales are going to manipulate the flow of money.

[yurvajaina]

yes bitcoin become popular nowadays but I don't think that bitcoin can make banks disappear because not all the people know bitcoin

[danherbias07]

yes bitcoin become popular nowadays but I don't think that bitcoin can make banks disappear because not all the people know bitcoin

It can if those banks will not upgrade their system or go with the technology flow. They need aome experts that would specialize with this currency also.

[akogwapo14]

For me no i think bank will not disappear even all country will use bitcoin . Bank will still use to the people who scared in the volatility in bitcoin and they don't want to lose any single cents when bitcoin go lower. Much better if bank and bitcoin support each other.

[Ryananda]

I don't think that bitcoin can make banks disappear because they are older in bitcoin and they're also one of the common needs of a person and also, the banks are too big and they're supported by government, If you are thinking that bitcoin can make banks disappear i think that bitcoin needs government first to support them so it will be easy for bitcoin to be legalize and also replace banks soon.

That is really impossible that bitcoin is going to make banks disappear. We all know that banks are playing a big role in the economy of a country.
They are ones thats regulating money in a country.
And without them for sure big whales are going to manipulate the flow of money.

Absolutely it is impossible for bitcoin to make banks disappear because it would have no protection from the government. Bank finance is very important in a country. Although crypto has a good future but in the future the bank still will not be replaced.

[Enotche]

The banking sector has relied for too long on the fixed structure of monetary policy, designed for their own benefit, and now the implementation of its existing model can not be profitable. From the current situation, there are two choices: accept the digital currency, or disable it. The adoption of bitcoin has no special meaning for them, because they can not get in it and benefit in a decentralized monetary system is no place for banks. Left with a second embodiment, banks are now trying to discredit the digital currency and at the same time enter in its operations blokchain technology to improve its infrastructure. Nevertheless it is not done in order to make the banking system more friendly to their customers, and to reduce operating costs in order to get more profit.

[barbara44]

it is much impossible for bitcoin to make banks disappear because bitcoin price still relying on the real currencies and if banks will disappear because of bitcoin it would be our new currency and it is not a good idea because it doesn't have a stable price and it cannot be the same as the fiat .

I too believe Bitcoins can not completely eradicate the Banks but it has already started hampering the banking systems. There will probably be a huge shift in the way our banking system works. I hope to see positive changes. Today's banking sysytem is literally enslaving the people with debt and taxes. So, changes are most welcome by every human.

[randy8777]

Absolutely, Bitcoin (the currency/commodity) is primed and ready to take over banks (lending/savings institutions).






 People that know absolutely nothing about finance

 People that know absolutely nothing about math

 People that know absolutely nothing about governments

 People that know absolutely nothing about computers or software

 Have a home with Bitcoin

bitcoin definitely has the potential to replace/take over banks and even transform the current financial industry. but i can't really see banks and governments allowing bitcoin to come close as it can be their end. governments will lose out on billions of yearly profits, and banks will fall one by one. at this point it's more a fantasy than something that's really achievable.

[Racey]

Banks have been thrown out before, if you know your history.
Could well happen again, we know that banks are thieves and cause recessions, people go hungry, lose homes because of them right?

You know this?

If not this is what happened when you break free from the cartels......look read and learn right now, if you think banks are in your best interest think again digest this information, because this is what the banks are doing now, causing all what I said above.

http://www.topinfopost.com/2015/01/05/things-you-were-not-told-about-hitler

[Caladonian]

Banks have been thrown out before, if you know your history.
Could well happen again, we know that banks are thieves and cause recessions, people go hungry, lose homes because of them right?

You know this?

If not this is what happened when you break free from the cartels......look read and learn right now, if you think banks are in your best interest think again digest this information, because this is what the banks are doing now, causing all what I said above.

http://www.topinfopost.com/2015/01/05/things-you-were-not-told-about-hitler

worth to read clear info about how those company ruin the world if this business can be controlled we do have much better life but greedy is the main enemy here and if bitcoin can be free from it maybe bitcoin can make this business disappear we just needed more support and understanding.