Can Bitcoin make Banks disappear?

[mrblockchain]

Yes, in our dreams. 

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[ASHLIUSZ]

I hope it is not possible to banks disappear because of bitcoin, people have strong stable transaction in banks than bitcoin . they still needing the banking services to even purchase and trade the Bitcoins online, i hope both banks and bitcoins are required for people to increase their financial credibility.

Bitcoin really can not make the banks disappear because it is highly unlikely. Banks still have a very important role for everyone. I think bitcoin used to benefit while the bank to save money securely. Bitcoin and usefulness of each bank.

very low possibilities for that, banks play a important role in every country. people those who have no access to traditional bank systems, but they have internet access on devices like phones get a hold on bitcoin. Right now the value is low because only 1st world cultures are using this technology at the moment.

[virasisog]

I hope it is not possible to banks disappear because of bitcoin, people have strong stable transaction in banks than bitcoin . they still needing the banking services to even purchase and trade the Bitcoins online, i hope both banks and bitcoins are required for people to increase their financial credibility.

Bank will never disappear by any currency its because bank is the holder of currency and i only see the bank will adopt bitcoin if the price will be stable in the future but i do not want to happen that because we can not earn big amount on our investment if the price will be stable.

Banks will provide various kinds of service. It is not just a place for us to save money, we can also borrow from banks.

[Doamader]

I hope it is not possible to banks disappear because of bitcoin, people have strong stable transaction in banks than bitcoin . they still needing the banking services to even purchase and trade the Bitcoins online, i hope both banks and bitcoins are required for people to increase their financial credibility.

Bank will never disappear by any currency its because bank is the holder of currency and i only see the bank will adopt bitcoin if the price will be stable in the future but i do not want to happen that because we can not earn big amount on our investment if the price will be stable.

Banks will provide various kinds of service. It is not just a place for us to save money, we can also borrow from banks.

Thats whay makes and keeps banks alive, they borrow several and pay a small fee as interest from our savings. Bitcoin has no such option to lend someone over 40 years, its hard to trust other people over 30 days, some loans here has those timeline, i never saw a loan above such period. Sure btcjam and similiar project allows, and in the end the most who lended the money will loose their coins to someone.

[ezehy2014]

I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

[boyptc]

I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

As of today that is very impossible at all that bitcoin is going to make the banks disappear because the government is not going to allow it.
And bank is playing a big role in an economy of a country, of course they will not going to let it happen.
But we don't know what is going to happen because of technology.

[Vikingr]

I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

I also do the same, and I think almost all of the people who sell their coins and withdraw them then they take the help of banks to get that money and without that it will be much harder for us to get our money as it will be harder to trust on any other organization, a copy of bank.

[boyptc]

I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

I also do the same, and I think almost all of the people who sell their coins and withdraw them then they take the help of banks to get that money and without that it will be much harder for us to get our money as it will be harder to trust on any other organization, a copy of bank.

Well this is what I'm doing to do, I am withdrawing it for fiat. And after withdrawing it I am now storing it on the bank. And I have done it many times.
Because the banks are really safe at all so that your money can get some small interest on it. But if this happens that bitcoin is going to make banks disappear we are really on the high technology by that time.

[ironm@n]

I'm a fan of Bitcoin, but I don't think so. These banks are like a plague, and some of them are adopting blockchain technology.

[shinratensei_]

I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

I also do the same, and I think almost all of the people who sell their coins and withdraw them then they take the help of banks to get that money and without that it will be much harder for us to get our money as it will be harder to trust on any other organization, a copy of bank.

Well this is what I'm doing to do, I am withdrawing it for fiat. And after withdrawing it I am now storing it on the bank. And I have done it many times.
Because the banks are really safe at all so that your money can get some small interest on it. But if this happens that bitcoin is going to make banks disappear we are really on the high technology by that time.

I sure about the bold sentences may people is doing that and after looking at the sentences we can assuming if the bank is always needed by people who always wanna withdrawing or exchanging their BTC into flat and store them. there are a people is doing it I will never think the bitcoin will make a bank disappear. both of them is very important for everyone.

[BitcoinPaw]

I'm a fan of Bitcoin, but I don't think so. These banks are like a plague, and some of them are adopting blockchain technology.

Dude, you are calling banks a plague but it's just cause you are a bitcoin fun I think that bitcoin will be accepted by some countries and become a fiat.

[Agaguk24]

So far, Paypal or the Banking system have evolved much more quickly than Bitcoin, unfortunately. I can send USD to anyone in a matter of minutes; unfortunately with Bitcoin things are much slower than  Paypal.

I like the aspect of decentralization, but it also has to work...

[dunfida]

I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

As of today that is very impossible at all that bitcoin is going to make the banks disappear because the government is not going to allow it.
And bank is playing a big role in an economy of a country, of course they will not going to let it happen.
But we don't know what is going to happen because of technology.

Even technology would involved its impossible that bitcoin could disappear banks in future. As you said banks play a big role of an economy of a country.
Bitcoin is only a cryptocurrency even though it would become popular into future but only in digital world. Our online wallet or hardware wallet serves as banks in our precious bitcoin.

[Leonard2016]

i don't think bitcoin can ever become so big in the real offline world so that it replaces banks. and banks will not go down easy they aregoing to put up a fight to survive too so they may even start using bitcoin to stay alive.

[Wind_FURY]

I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

As of today that is very impossible at all that bitcoin is going to make the banks disappear because the government is not going to allow it.
And bank is playing a big role in an economy of a country, of course they will not going to let it happen.
But we don't know what is going to happen because of technology.

Even technology would involved its impossible that bitcoin could disappear banks in future. As you said banks play a big role of an economy of a country.
Bitcoin is only a cryptocurrency even though it would become popular into future but only in digital world. Our online wallet or hardware wallet serves as banks in our precious bitcoin.

Exactly why banks are getting worried. The future of the bulk of transactions happening will be in the digital world. If banks won't evolve and improve expect unregulated cryptocurrencies to be a major force in online payments. Bitcoin is already showing us it is possible.

[Imoote]

I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

As of today that is very impossible at all that bitcoin is going to make the banks disappear because the government is not going to allow it.
And bank is playing a big role in an economy of a country, of course they will not going to let it happen.
But we don't know what is going to happen because of technology.

Even technology would involved its impossible that bitcoin could disappear banks in future. As you said banks play a big role of an economy of a country.
Bitcoin is only a cryptocurrency even though it would become popular into future but only in digital world. Our online wallet or hardware wallet serves as banks in our precious bitcoin.

Exactly why banks are getting worried. The future of the bulk of transactions happening will be in the digital world. If banks won't evolve and improve expect unregulated cryptocurrencies to be a major force in online payments. Bitcoin is already showing us it is possible.

The Bank will continue to grow and develop properly obeying the development era. Banks are also required people to save and transact so that banks will not disappear. Although bitcoin will develop it seems to me merely for profit instead of saving money. Because tempan save the most money safe in the bank.

[dunfida]

I don't think bitcoin can make bank disappear because in my country i exchange bitcoin for my country currency which is transferred into my Bank

As of today that is very impossible at all that bitcoin is going to make the banks disappear because the government is not going to allow it.
And bank is playing a big role in an economy of a country, of course they will not going to let it happen.
But we don't know what is going to happen because of technology.

Even technology would involved its impossible that bitcoin could disappear banks in future. As you said banks play a big role of an economy of a country.
Bitcoin is only a cryptocurrency even though it would become popular into future but only in digital world. Our online wallet or hardware wallet serves as banks in our precious bitcoin.

Exactly why banks are getting worried. The future of the bulk of transactions happening will be in the digital world. If banks won't evolve and improve expect unregulated cryptocurrencies to be a major force in online payments. Bitcoin is already showing us it is possible.

There's a possibility that future bulk transaction would happen in digital world. Even the banks would evolved the still have higher interest or fees in any transaction and these would lead to people on using Bitcoin instead of banks. Banks are only good on paper currency handling.

[lionheart78]

I don't think Bitcoin can make banks to disappear.  The main reason is that bank exist not because of curreny/ money transaction alone.  Bank exist to function as vault to some wealthy customer.  Bank store gold, documents, important stuff and get paid for it.  So even if Bitcoin replace money, it won't replace Bank functions.  So bank is here to stay.

[dotajhay]

I don't think Bitcoin can make banks to disappear.  The main reason is that bank exist not because of curreny/ money transaction alone.  Bank exist to function as vault to some wealthy customer.  Bank store gold, documents, important stuff and get paid for it.  So even if Bitcoin replace money, it won't replace Bank functions.  So bank is here to stay.

yeah it's true but the main focus of the bank is about storing money , so if the money storing in bank will be disappeared the bank owners will be zest in future because in bitcoin or maybe they will switch to bitcoin business.

[virasisog]

I don't think Bitcoin can make banks to disappear.  The main reason is that bank exist not because of curreny/ money transaction alone.  Bank exist to function as vault to some wealthy customer.  Bank store gold, documents, important stuff and get paid for it.  So even if Bitcoin replace money, it won't replace Bank functions.  So bank is here to stay.

yeah it's true but the main focus of the bank is about storing money , so if the money storing in bank will be disappeared the bank owners will be zest in future because in bitcoin or maybe they will switch to bitcoin business.

If the banks offer me some interest and can make sure my bitcoin is safe there, I will use a bitcoin bank.