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Author Topic: Can Bitcoin make Banks disappear?  (Read 427555 times)
agamasrori
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September 07, 2016, 10:43:44 PM
 #2301

 Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.


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September 07, 2016, 10:51:04 PM
 #2302

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.
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September 08, 2016, 03:29:34 AM
 #2303

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.

Not only that, but the incentive for people in well developed countries to use Bitcoin in their economy as payment option simply isn't there. Within the country you can instantly pay for everything. It doesn't matter whether it is via online shops or local companies. You just need 2 seconds to complete the transaction via NFC and walk out of the stores. And like 5-10 seconds to complete a transaction via internet.
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September 08, 2016, 04:02:26 AM
 #2304

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.
i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin
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September 08, 2016, 04:27:03 AM
 #2305

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.
i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin
Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.
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September 08, 2016, 04:33:35 AM
 #2306

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.
i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin
Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.
Yup not only now in future also the Bitcoin will not compete with Banks. The Banks is running for many years. The Bitcoin recently entered the market. But to making a profit with trading and gambling etc... Bitcoin is good. If you want to save money for your future, then I think Bank is the safest place.
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September 08, 2016, 04:49:23 AM
 #2307

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.
i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin
Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.
Yup not only now in future also the Bitcoin will not compete with Banks. The Banks is running for many years. The Bitcoin recently entered the market. But to making a profit with trading and gambling etc... Bitcoin is good. If you want to save money for your future, then I think Bank is the safest place.
Exactly. Bitcoin is not going to make the bank because the bank has long disappeared and it is believed many people. Banks are the safest place to store security guarantees. If we are to benefit bitcoin is perfect.
carlfebz2
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September 08, 2016, 04:54:37 AM
 #2308

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.
i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin
Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.
Yup not only now in future also the Bitcoin will not compete with Banks. The Banks is running for many years. The Bitcoin recently entered the market. But to making a profit with trading and gambling etc... Bitcoin is good. If you want to save money for your future, then I think Bank is the safest place.
Exactly. Bitcoin is not going to make the bank because the bank has long disappeared and it is believed many people. Banks are the safest place to store security guarantees. If we are to benefit bitcoin is perfect.

You are right bitcoin cant make  banks disappear since banks are just storage of our fiat currency and theres no way that  a cryptocurrency would able  make it to disappear  on the future but in  fact i believe that its possible to have a bitcoin bank i guess which is more secure but i dont know if its possible.
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September 08, 2016, 04:55:35 AM
 #2309

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.
i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin
Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.

And it is not just a low kind of fluctuation, it is a big wave so it will really be a problem for the economy. What if the same thing like the past happen again and it goes back to a very low price. Then it will be the fall of the economy of the said country.

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September 08, 2016, 05:13:19 AM
 #2310

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.
i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin
Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.

And it is not just a low kind of fluctuation, it is a big wave so it will really be a problem for the economy. What if the same thing like the past happen again and it goes back to a very low price. Then it will be the fall of the economy of the said country.
The trader will love the fluctuation of the bitcoin price and this will not enough to make bank disappear and that is why bank do not want to adopt bitcoin because of that fluctuation.
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September 08, 2016, 05:15:57 AM
 #2311

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.

Banks have made life easier of customers by introducing online banking system and people have become used to it so even if bitcoin gains more popularity in future, people will prefer to use both of them.
i dont think bitcoin can make bank disappear, most of the people still dont believe in bitcoin and then bank is for fiat, its impossible a country will using bitcoin as their main currency, so as long as a country still using fiat bank wont disappear, but maybe in the future the bank usage will be decrease if most of the people use bitcoin
Yes it is very unlikely if a country uses bitcoin. Due to the fluctuation of bitcoin could disrupt the country's economy because the price is unstable and constantly fluctuating. I think bitcoin will not make banks disappear.

And it is not just a low kind of fluctuation, it is a big wave so it will really be a problem for the economy. What if the same thing like the past happen again and it goes back to a very low price. Then it will be the fall of the economy of the said country.

Well that is also possible to happen that the price of bitcoin is going to fall again. But about the fluctuation we can't really predict what is going to happen. That is why it is really not possible that bitcoin is going to make banks disappear and it is going to be trusted more by the people if the case with bitcoin is going to happen again.

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September 08, 2016, 12:59:27 PM
 #2312

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.
yes, everything might happen with the bitcoins to be honest, its price can be going up really fast in the future i think
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September 08, 2016, 01:01:06 PM
 #2313

Absolutely banks have a duty not only individuals but can save money to save money on a state or a country's financial monitoring. So therefore the banks will not disappear because bitcoin and that I think is not going to happen.
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September 08, 2016, 02:23:02 PM
 #2314

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.
you are right i think that bitcoins definitely can make banks disappear and in this way it would be growing a lot easily

 
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September 08, 2016, 03:00:58 PM
 #2315

It will depend on the people. If the people keep supporting the banks and the upcoming bankcoin/government  coin or whatever you want to call it, then no, banks will forever exist.

If people get tired of the bullshit and go 100% bitcoin, then yes, we could see a way to get rid of banks.
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September 08, 2016, 03:08:15 PM
 #2316

According to a report published by MIT, there is a chance that technological advancement (bitcoin/blockchain included) could result in banks (as we know them) disappearing.

https://cointelegraph.com/news/mit-report-blockchain-for-banks-new-era-or-lipstick-on-pig
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September 08, 2016, 03:11:28 PM
 #2317

Impossible, bitcoin can help bank, but can't destroy bank, because there are 2 billions poor people can't use pc, mobile phone to use bitcoin...They only can use fiat money
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September 08, 2016, 03:12:08 PM
 #2318

Ofcourse it may happen because bank is target in virtual transaction. Most of people interested in mobile transaction. Bitcoin was make bank interested to adopt blockchain. Bank wanna use technology like bitcoin. And i think if banks do that,it gonna be another altcoin.
you are right i think that bitcoins definitely can make banks disappear and in this way it would be growing a lot easily

Its hard to believe that bitcoin can make banks disappear in future as banks have support from the Government and the people, and I don't think that everyone will use bitcoin in future.

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September 08, 2016, 05:24:27 PM
 #2319

banks will stay.. but banksters should be eliminated. Banks control most of things happening in the world and sure they will not easily give away their power
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September 10, 2016, 12:58:17 PM
 #2320

banks will stay.. but banksters should be eliminated. Banks control most of things happening in the world and sure they will not easily give away their power

Well I do believe that we need banks even the bitcoin is going to have a very high price and going to be a popular crypto currency. The banks are really important in a government. And it is utilizing the financial services in a country, so it is not going to happen that bitcoin is going to make banks disappear, it has an important role to play.
Bitcoin is not possible to make the banks disappear because I think they are different. Bitcoin is a crypto so it only applies to the internet while the bank used and are used by many people in their daily lives. Even if bitcoin will boomed it will not change the progress of the bank.
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