Can Bitcoin make Banks disappear?

[Imoote]

i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

bitcoin financial system is more to digital and transparency. so we can not hold the money physically. eg, safe deposit box, bitcoin does not have it. the most important thing when it have bitcoin wallet account is to saving us safely.

Bitcoin does not have the physique for including into digital currency. Between bitcoin bank system with very different so I sure would not affect each other. I believe bitcoin bank can not make disappear.

[danherbias07]

i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

You are right. They cannot just dump those banks.  Just look at it. There is still a line whenever you go to the bank and it is way too long sometimes. This still proves that a lot of people is entrusting their money with this kind of service.

[Kotone]

I think, banks will not be disappear. Instead, they'll start using bitcoins instead of fiat currency with some regulations like in fiat.

Yeah, I think they will merge Bitcoin at banks soon in the future. And this will lead to other cryptocurrency too like Ethereum and DogeCoin and also Litecoin if they want. But as long as they are using bitcoin, this currency will make our world more circular because of the new digital currency lying in this world today.

[JeffBrad12]

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

  banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

[coinoclock]

i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

bitcoin financial system is more to digital and transparency. so we can not hold the money physically. eg, safe deposit box, bitcoin does not have it. the most important thing when it have bitcoin wallet account is to saving us safely.

i don't mean to hold bitcoins in a safe deposit box. the box is for holding documents and jewelry. i would like to see how a blockchain handles that

[terman45x]

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

  banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

Its possible that banks will adopt blockchain technology in future but I don't think they will shake their hands with bitcoins as bitcoin is a major threat to the banking system.

[randy8777]

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

  banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

Its possible that banks will adopt blockchain technology in future but I don't think they will shake their hands with bitcoins as bitcoin is a major threat to the banking system.

if banks happen to adopt the block chain as technology, then they will surely stick to fully private block chains. because remember, banks are only willing to adopt something if they have 100% control over it.

[23dzmaz]

I don't think bitcoin can make banks disappeaer. Every country need banks and bitcoin can't do shit into banks if all people not know about bitcoin.

[moonya]

i am new to bitcoin, but right now banks provide some services bitcoin can't and also wont be able to in the future. stuff like a safe deposit box.
they will most likely have to adopt to the new situation but they have enough time to do it, so i don't think they will disappear.

bitcoin financial system is more to digital and transparency. so we can not hold the money physically. eg, safe deposit box, bitcoin does not have it. the most important thing when it have bitcoin wallet account is to saving us safely.

i don't mean to hold bitcoins in a safe deposit box. the box is for holding documents and jewelry. i would like to see how a blockchain handles that

It can not be to blockchain completely fell under the prohibition of any kind. Banks can take a lot into service for its activities. Recently I came across the information that even the US Democrats have expressed about the use of blockchain to improve the electoral system.

[SquallLeonhart]

I don't think bitcoin can make banks disappeaer. Every country need banks and bitcoin can't do shit into banks if all people not know about bitcoin.

Yes and the fact is people have more faith in banking system in compare to bitcoin and there are many people who are still not aware about bitcoins.

[Doamader]

Well bitcoin has potencial, and over the nexy years it may help anyone as bitcoin is a extra source of income for several. I had a loan debit at bank and i could pay if for 12 months, usually lending here or anywhere else will requires you alot information, and some ranks system trust to reach high loans ammounts. Bitcoin has no way to force you to repay, even with some documents behind there is no warranty of a repayment from any credit.

[apriloni]

I think no bitcoin cannot disappear banks, as banks have a lot of other tasks also, and only those banks will be disappeared which are only for money transactions and which are only for saving our money as in the coming future everyone will love to transact their money via bitcoin and will save their money in the form of bitcoin in their wallets.

[prtty2gal2]

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

  banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

Just think about paypal, what it had done for it's survival?
Banks will also do the same, they will either partnered with a good and standard wallet provider or an exchange, or for adopting the system of bitcoin they will create their own online wallets, for their survival. But anyway, there will not be any thread for bitcoins, only boost up for bitcoin is highly possible.

[electronicfactura]

Bitcoin can not make Banks disappear there are several reasons for this thing. Bitcoin has limited supply, it is still complicated for a common man, everyone can not use it with easily people are not trained or educated. Bitcoin will work in coexistence with banks in future. We are going towards digital currency era but banks will then too have some kind of role as facilitators or something which is still to be defined. Bitcoin as well banks will exist in my opinion.

[JumperX]

Bitcoin can not make Banks disappear there are several reasons for this thing. Bitcoin has limited supply, it is still complicated for a common man, everyone can not use it with easily people are not trained or educated. Bitcoin will work in coexistence with banks in future. We are going towards digital currency era but banks will then too have some kind of role as facilitators or something which is still to be defined. Bitcoin as well banks will exist in my opinion.

Yup both will exist in future, not sure how long bitcoin will survive but banks are definitely not going anywhere as its an most trusted financial institution we have.

[naidray]

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

  banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

Its possible that banks will adopt blockchain technology in future but I don't think they will shake their hands with bitcoins as bitcoin is a major threat to the banking system.

If they understand bitcoin then they will realize that bitcoin is not a threat to the banking system, but it will add more convenience and profit to their existing banking system, and I know once the governments approve it for their central banks they will immediately adopt it for their banking system as I believe they have already started testing of bitcoin/blockchain applications.

[danherbias07]

Bitcoin can not make Banks disappear there are several reasons for this thing. Bitcoin has limited supply, it is still complicated for a common man, everyone can not use it with easily people are not trained or educated. Bitcoin will work in coexistence with banks in future. We are going towards digital currency era but banks will then too have some kind of role as facilitators or something which is still to be defined. Bitcoin as well banks will exist in my opinion.

Yup both will exist in future, not sure how long bitcoin will survive but banks are definitely not going anywhere as its an most trusted financial institution we have.

That is still a long way for bitcoin to end. But now we should pushing the idea to where banks will be also adapting. It could produce a hell of an investment from them. If they buy a lot then we are being drawned with the wave.

[MingLee]

Bitcoin can not make Banks disappear there are several reasons for this thing. Bitcoin has limited supply, it is still complicated for a common man, everyone can not use it with easily people are not trained or educated. Bitcoin will work in coexistence with banks in future. We are going towards digital currency era but banks will then too have some kind of role as facilitators or something which is still to be defined. Bitcoin as well banks will exist in my opinion.

Yup both will exist in future, not sure how long bitcoin will survive but banks are definitely not going anywhere as its an most trusted financial institution we have.

That is still a long way for bitcoin to end. But now we should pushing the idea to where banks will be also adapting. It could produce a hell of an investment from them. If they buy a lot then we are being drawned with the wave.

There is still a relatively long ways to go before banks even consider accepting Bitcoin deposits, some of that being the fact that Bitcoin isn't really used enough in enough places for banks to justify having it, but it definitely could be a huge investment plus for them if they find a way to or find a want to include Bitcoin. Currently they have neither.

[coinplus]

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

  banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

I Think banks will definitely adopt bitcoin, and they should have to adopt it as now everyone prefer the use of bitcoin for their financial system and if banks will not adopt it then banks will be remained much backward in the global business.

[manselr]

I don't think so, bitcoins and banks nowdays is not linked words, i believe that someday many countries will accept bitcoins and banks will die.

Will bank die?every time, the countries will always need a bank and also with bitcoin. if the bank gonna to die and where you can get the value for bitcoin?just seeing in this time the bitcoin is always reliable with the fiat money become they standing.

  banks will undoubtedly adapt to the change in such rates. Many have read about the history of the banking system, so that they know its not fall.

This is the main point, the bank is always adapting with the condition of their environment and the example in this time they know about the blockchain is become a popular system and they realize about it and trying to adopt the blockchain system for their institution. they always monitoring the development in the environment.

I Think banks will definitely adopt bitcoin, and they should have to adopt it as now everyone prefer the use of bitcoin for their financial system and if banks will not adopt it then banks will be remained much backward in the global business.

It is yet to be seen if banks will accept bitcoin... I think they will fight till the end to not submit to the new bitcoin reality, if bitcoin becomes as mainstream as the internet. They will keep avoiding it as long as possible.