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Author Topic: Can Bitcoin make Banks disappear?  (Read 427612 times)
Zaelle
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October 24, 2016, 01:03:53 PM
 #2781

bitcoin has a possible to hack and bitcoin value is not stable so its impossible that the banks will be disappear because of bitcoin... do you think guys if you forgot the password or you accidentally deleted your password in your laptop you can recover your account for me no so banks and atm's is always safe than bitcoin.
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October 24, 2016, 01:04:39 PM
 #2782

But banks can now also be accessed online, and I think almost the same as digital. Banks I am sure will have plenty of ways to stay afloat and I'm sure it would get help from the government. That's why banks are very difficult to disappear.
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October 24, 2016, 01:09:10 PM
 #2783

But banks can now also be accessed online, and I think almost the same as digital. Banks I am sure will have plenty of ways to stay afloat and I'm sure it would get help from the government. That's why banks are very difficult to disappear.
Banks are way better but smart investors does not trust banks that is why they are here and they are making bitcoin successful.
The big difference is that bitcoin is decentralized and we are confident our currency and investment at the same time is at safe hands, we are lucky we found bitcoin now as this will make a big difference in the future.

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October 24, 2016, 01:09:34 PM
 #2784

i think bank will not be disapear, i believe someday bitcoin will be replace the fiat but bank will be exist, as we know that some bank and other economic organization are interested on technlogy behind the bitcoin of course the blockchain, maybe they will build their own cryptocurency, but to adopted bitcoin officially i think it's imposible due to their principal against bitcoin
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October 24, 2016, 01:17:55 PM
 #2785

But banks can now also be accessed online, and I think almost the same as digital. Banks I am sure will have plenty of ways to stay afloat and I'm sure it would get help from the government. That's why banks are very difficult to disappear.

Banks already adpated butcoins and other crytocurrency and offers an exchanged for fiat. Banks will never disappear but it is better to called ut as innovation. I think fiat days will be starting to take over by crypto currency and sooner it will fully control the market

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dunfida
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October 24, 2016, 01:22:52 PM
 #2786

But banks can now also be accessed online, and I think almost the same as digital. Banks I am sure will have plenty of ways to stay afloat and I'm sure it would get help from the government. That's why banks are very difficult to disappear.

Banks already adpated butcoins and other crytocurrency and offers an exchanged for fiat. Banks will never disappear but it is better to called ut as innovation. I think fiat days will be starting to take over by crypto currency and sooner it will fully control the market
Your assumptions  would   not  happen hence  government  wouldnt allow this  because as we all know bitcoin cant be controlled  by anyone and  merging  of  banks   and bitcoins/cryptos  would   be  no have sense at all. No matter  how   cryptos would  boom  up but still banks would remain  strong .

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October 24, 2016, 01:45:59 PM
 #2787

Bitcoin can make new banks stronger. If a bank integrates bitcoin in its payment system and provides bitcoin related service, this bank will be very popular.
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October 24, 2016, 01:46:06 PM
 #2788

Bitcoins cant make banks dissappear because i know for sure that in the future when the bitcoin is growing such fast i think that the bitcoin will be atleast alot more worth
than he is right now you know.
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October 24, 2016, 01:53:36 PM
 #2789

Bitcoin can make new banks stronger. If a bank integrates bitcoin in its payment system and provides bitcoin related service, this bank will be very popular.

Hmm,. I think it would probably be a good thing. But if in the other hand it will give a bad thing, because I see that all the banks definitely need to be able to build a system of profits and also to pay some of the Bills that should be their responsibility. so if banks accept bitcoin then every thing we do in the bitcoin will definitely be subject to Fee
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October 24, 2016, 02:06:28 PM
 #2790

Bitcoins can do allot you know but make banks disappear i dont think that they can do that because the bank will deal with the bitcoin him self if he wants to disappear you know so banks are getting
bitcoins and money.
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October 24, 2016, 02:06:39 PM
 #2791

bitcoins can do allot of things but do you really think that the bitcoin can make banks dissappear i dont think that is going to happen you know so many peopel are thinking
this kind of things and that is nog straight.
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October 24, 2016, 02:14:25 PM
 #2792

I dont think that the bitcoin is able to do that becuase i know that the bitcoin is not doing that becuase peopel love to see the bitcoin as a apart kind of things and dont want to
involve the bank by this kind of things.
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October 24, 2016, 02:37:04 PM
 #2793

If the bitcoin is able to reach the banks i dont think that the banks will disappear because i think that the banks will manage the bitcoin so they can manage your mo
ney and your bitcoins i dont think that is a really good idea dont you think so.
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October 24, 2016, 03:01:54 PM
 #2794

Bitcoin can make new banks stronger. If a bank integrates bitcoin in its payment system and provides bitcoin related service, this bank will be very popular.
I doubt any of the banks will integrate or accept bitcoin deposit/withdraw soon they may adopt blockchain tech behind bitcoin like few banks have already started research on this but they feel bitcoin and decentralized payment method as their stronger competitor.

 
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October 24, 2016, 03:07:28 PM
 #2795

I think it would not be possible, the same as the impossibility for bitcoin to be able to shift fiat, as long as there fiat bank will continue to exist
Yeah, the existance of both are very important in the sense that it will be very difficult for someone to use bitcoin without the assistance of the banks, at the same time,the bitcoin make financial transaction easier for you with the outside world. Hence, both of them are needed. I do not think there is going to be a complete replacement.
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October 24, 2016, 03:28:48 PM
 #2796

Banks will change or go under but they won't go away. They will always find some service, or product to provide that someone else will want to buy.
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October 24, 2016, 03:34:52 PM
 #2797

Banks will change or go under but they won't go away. They will always find some service, or product to provide that someone else will want to buy.
thats right mate whatever happen banks will find its way to still exist.
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October 27, 2016, 07:52:17 AM
 #2798

Banks will change or go under but they won't go away. They will always find some service, or product to provide that someone else will want to buy.
thats right mate whatever happen banks will find its way to still exist.

The banks will adapt to the new environment. The banks has been changing since from 1000 years ago.
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October 27, 2016, 08:54:10 AM
 #2799

Maybe but not in the near future because banks deal in fiat currencies mostly and digital currencies don't seem to replace fiat currencies altogether in the near future so banks are there to stay

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October 27, 2016, 09:13:30 AM
 #2800

I don't think so because Bitcoin will not be in this position to make banks disappear. Bitcoin has survived and will grow more as parallel online payment procedure or digital currency but can not reach to be equivalent to banks at global level. Banks are necessary for backward countries and common people  to their day to day transactions.
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