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Author Topic: Can Bitcoin make Banks disappear?  (Read 427555 times)
MWesterweele
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October 04, 2016, 11:26:57 PM
 #2481

off course can bitcoins not make banks disappear and that is only because of the many users of the banks. Banks will always be trusted by people who have money on it. And it is not that bitcoin cant get the same amount of users but it will never be such big as normal gold is for now.
Yes bitcoin cant bank disappear bitcoin in not a big money and not a holder of money and its anonymous ans free to use not lome banks many user and theres a lot of billionaire business man who uses bitcoin and be the one who handle the banks

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greatr
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October 04, 2016, 11:35:38 PM
 #2482

That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

to be honest anything is possible in my opinion and bitcoin can makes banks disappear in the future
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October 05, 2016, 04:29:07 AM
 #2483

That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

to be honest anything is possible in my opinion and bitcoin can makes banks disappear in the future

That is just going to be possible if the government will recognize bitcoin. But as long as they are not going to implement and endorse the usage of bitcoin then it is not possible to make banks disappear by bitcoin. And instead if the government will see bitcoin as a threat to the economy they are going to make bitcoin prohibited enter to the country.

so you are in fact saying it is not possible.

because the government will never accept bitcoin because that would mean they should give up the power they have over creating paper money and that is a power nobody would give up.

There is a FOMO brewing...
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October 05, 2016, 09:09:34 PM
 #2484

That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.


I also do not think this is very gonna happen because its simply not easy to do and the bitcoin has than to fight up against a higher power and that is simply not reachable.

Bitcoin is too small in compare to the banking system as a whole and replacing banks is something out of the reach of bitcoins and banks will always be ruling the world even if bitcoin gets more popular in future.
Even with bitcoin taking huge investment and mass adoption, banks will keep with their service and control over the people money, as the countries rule that way. Bitcoin hasnt been made to replace anything just to return the power back to the people.
Yeah, there is no way around that, if most people feel good with that system let them; we will take advantage of this new technology that has empower us beyond belief.

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October 05, 2016, 10:07:17 PM
Last edit: October 06, 2016, 04:57:48 AM by Universat
 #2485

no i think banks are not going to disappear banks will do work with bitcoins, i think banks will accept bitcoin and they will create wallets for bitcoins where people will put their bitcoins safely.
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October 05, 2016, 10:11:09 PM
 #2486

Bitcoin disappearing banks will never happen in future as banks are too big and strongest financial institution that we have and which holds support from the Government and the people.
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October 05, 2016, 10:29:41 PM
 #2487

No I do think this can happen.
In my opinion this is highly unlikely, but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power/money, that is why I do not think the bitcoin do it.
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October 05, 2016, 10:37:01 PM
 #2488

No I do think this can happen.
In my opinion this is highly unlikely, but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power/money, that is why I do not think the bitcoin do it.

Banks will always be an first choice of people and bitcoin will be an alternative method for the payment systems and if bitcoin gains more popularity in future then it can reduce the number of user of banks but cannot make it disappear.
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October 05, 2016, 10:38:48 PM
 #2489

No I do think this can happen.
In my opinion this is highly unlikely, but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power/money, that is why I do not think the bitcoin do it.

Banks will always be an first choice of people and bitcoin will be an alternative method for the payment systems and if bitcoin gains more popularity in future then it can reduce the number of user of banks but cannot make it disappear.

You are right..i think boths will survive..
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October 05, 2016, 11:12:16 PM
 #2490

No I do think this can happen.
In my opinion this is highly unlikely, but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power/money, that is why I do not think the bitcoin do it.

Banks will always be an first choice of people and bitcoin will be an alternative method for the payment systems and if bitcoin gains more popularity in future then it can reduce the number of user of banks but cannot make it disappear.

You are right..i think boths will survive..

Yes and I think both are important for the society as the businesses who are not into bitcoins will surely depend on banks for their transactions and even they can get business loans from banks in huge amount which is not possible with bitcoins.
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October 06, 2016, 12:26:56 AM
 #2491

That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

 
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October 06, 2016, 08:38:56 PM
 #2492

No I do think this can happen.
In my opinion this is highly unlikely, but we will see what is gonna happen of course because the fact is that its not to predict.
The banks are controlling the world and they have a lot of power/money, that is why I do not think the bitcoin do it.

Banks will always be an first choice of people and bitcoin will be an alternative method for the payment systems and if bitcoin gains more popularity in future then it can reduce the number of user of banks but cannot make it disappear.
As bitcoin gains popularity and adoption it may be possible for more and more persons to give up banks in favor of bitcoin but I think this is going to be a minority at best.

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October 07, 2016, 02:40:37 AM
 #2493

I do not think so, but maybe will  change for represent their clients so that people continue to invest large amounts of money on them but perhaps will be more digital enconomia  very similar to the DAO

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October 07, 2016, 02:52:56 AM
 #2494

That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.
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October 07, 2016, 02:59:37 AM
 #2495

Bitcoin disappearing banks will never happen in future as banks are too big and strongest financial institution that we have and which holds support from the Government and the people.
Yeah I really doubt that Bitcoin will catch on to everyone in the world. This means that banks will never disappear. And if they ever do, it won't be because of Bitcoin.
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October 07, 2016, 03:00:47 AM
 #2496

I think it's impossible. There are still people who wants real cash in the palm of their hands. Smiley But still a good idea to replace banks with bitcoins and make all transaction virtually. Cheesy
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October 07, 2016, 03:11:30 AM
 #2497

That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use.
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October 07, 2016, 03:20:01 AM
 #2498

I think it's impossible. There are still people who wants real cash in the palm of their hands. Smiley But still a good idea to replace banks with bitcoins and make all transaction virtually. Cheesy
it is very nice if it actually happens, but for now I think it will not happen. banks are still bigger than the bitcoin. so bitcoin need to evolve more rapidly again until it could finally compete with the bank, but I guess it is still long, because we need everyone to accept bitcoin before that can happen
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October 07, 2016, 03:26:49 AM
 #2499

i think it can't happen . because for bank money we usually buy bitcoin and sell and direct earning bitcoin . so if we are working hardwork for bank money then why bank will disappear .
but we can say , bank use will slow down .

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October 07, 2016, 03:45:38 AM
 #2500

That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use.

I honestly do not see this small chance and I also do not think this wil happen, the fact is that the bitcoin is strong but banks are still twice so strong if you are asking me.
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