Can Bitcoin make Banks disappear?

[Ejinx]

Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

[1714994397]

1714994397

[1714994397]

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[markisanon2434]

Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.

[FaucetRank.com]

It will happen one day that banks will disappear but it is hard to that it will happen due to Bitcoin or due to digital fiat transaction. If world start to do  digital transaction and technology improves than it is possible that there will be no bank office but still banks will be maybe digital banks. 

[Mastsetad]

Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Bitcoin can or will probably stay, but it is not assured that bitcoin will be adopted and used in real world like fiat and there is no chance of bitcoin replacing fiat or making banks disappear completely, they would simply not let it happen.

[richardsNY]

It will happen one day that banks will disappear but it is hard to that it will happen due to Bitcoin or due to digital fiat transaction. If world start to do  digital transaction and technology improves than it is possible that there will be no bank office but still banks will be maybe digital banks. 

Banks will not vanish as they are here because the services they offer are needed in the economy. In order to make sure their position stays as solid as it is, they are improving their services to such a level, that you can't deny that what they offer isn't all that bad. Exactly this is already happening. On top of that there is also the support from the governments that gives banks extra weight.

[South Park]

Yess obviously bitcoins will make banks disappear to a next level.well there will be only one bank whos only work will be to give loans to persons who are in need.

Where did you get that info? I guess you are not doing a good research dude, bank is created by the government to create fiat and  as a entity to safeguard our fiat when we chooses to deposit, by looking at the current situation, bitcoin is still in reliance with fiat. It cannot exist and grow with the support of fiat.

Banks are private organizations and business they are not created by governments, the only banks created by governments are the central banks which have the power to create the currency we as citizens use.

[bitcointalk]

Bitcoin and Banks are completely different. No way!

[ufaiz50]

Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.

yep even some say in the future there will be a special bank bitcoin like fiat, in my country bitcoin is not legal payment. so seems must a long wait until it happens

[bitcoinmasterlord]

Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.

yep even some say in the future there will be a special bank bitcoin like fiat, in my country bitcoin is not legal payment. so seems must a long wait until it happens

Both have a separate value, The Banks are under control of our government, and the Bitcoin is ruling online gambling industry. Our governments need banks to control our economy. And the banks will pay tax to government so the banks are legal in all country. Why the bitcoin is not legal in many countries means in BTC transaction govt will not get any income and people will use this currency to do illegal activities. That is why BTC is illegal in many countries.

[Positid]

Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.

yep even some say in the future there will be a special bank bitcoin like fiat, in my country bitcoin is not legal payment. so seems must a long wait until it happens

Both have a separate value, The Banks are under control of our government, and the Bitcoin is ruling online gambling industry. Our governments need banks to control our economy. And the banks will pay tax to government so the banks are legal in all country. Why the bitcoin is not legal in many countries means in BTC transaction govt will not get any income and people will use this currency to do illegal activities. That is why BTC is illegal in many countries.

Government will not get income and people can maximize it's income, I guess that's fair and that's the main reason why we adopters of bitcoin does not want it to be regulated so government will not interfere in our transaction online.

[fikihafana]

Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.

yep even some say in the future there will be a special bank bitcoin like fiat, in my country bitcoin is not legal payment. so seems must a long wait until it happens

Both have a separate value, The Banks are under control of our government, and the Bitcoin is ruling online gambling industry. Our governments need banks to control our economy. And the banks will pay tax to government so the banks are legal in all country. Why the bitcoin is not legal in many countries means in BTC transaction govt will not get any income and people will use this currency to do illegal activities. That is why BTC is illegal in many countries.

Government will not get income and people can maximize it's income, I guess that's fair and that's the main reason why we adopters of bitcoin does not want it to be regulated so government will not interfere in our transaction online.

When goverment don't have income, i think it will make country fail. It means no more construction.

[South Park]

Everyone is entitled to his/her opinions..but bitcoin is here tp stay... and we are enjoying bitcoin

Sure, bitcoin is here to stay and rule the cryptos. I don't think banks will be replace by bitcoins. But both of them will be used together and simultaneously. There are people who still believe in Government backed Banks and that will hard to change. And Government need banks to function to have control over the economy.

yep even some say in the future there will be a special bank bitcoin like fiat, in my country bitcoin is not legal payment. so seems must a long wait until it happens

Both have a separate value, The Banks are under control of our government, and the Bitcoin is ruling online gambling industry. Our governments need banks to control our economy. And the banks will pay tax to government so the banks are legal in all country. Why the bitcoin is not legal in many countries means in BTC transaction govt will not get any income and people will use this currency to do illegal activities. That is why BTC is illegal in many countries.

Government will not get income and people can maximize it's income, I guess that's fair and that's the main reason why we adopters of bitcoin does not want it to be regulated so government will not interfere in our transaction online.

When goverment don't have income, i think it will make country fail. It means no more construction.

Governments in the past also participated in several business opportunities, so they generated profits, and also organized lotteries and stuff to raise money for projects in the past, that would not be enough but it could help to soften the blow.

[Deep In The Mines LLC]

Quite unlikely Bitcoin would make banks dissaper, at strongest case scenario it'd either reduce the reliance on banks for funding and payments, or force banks to implement Bitcoin.

[carlerha]

It will happen one day that banks will disappear but it is hard to that it will happen due to Bitcoin or due to digital fiat transaction. If world start to do  digital transaction and technology improves than it is possible that there will be no bank office but still banks will be maybe digital banks. 

i think it is not so easy, and i think it will take a lot of time, it is only possible if all the people of the world start using bitcoin and i think it is not possible in near future, i think it will take decades.

[huahuaea]

Bitcoin prospects are still unknown, whether it can replace the banks largely depends on the attitude of the government, it is theoretically possible, but does not rule out the emergence of more advanced technology.
Perhaps the trend is that banks should support bitcoin development. After all, the encrypted currency has proven to be a cost-effective transfer or remittance.

[diegz]

Bitcoin prospects are still unknown, whether it can replace the banks largely depends on the attitude of the government, it is theoretically possible, but does not rule out the emergence of more advanced technology.
Perhaps the trend is that banks should support bitcoin development. After all, the encrypted currency has proven to be a cost-effective transfer or remittance.

One thing that I am thinking that will be sacrificed when bitcoin is being regulated by the government is its decentralization, which is as far as I know is against the bitcoin. Now, if we are talking about banks, we are talking about legal and government regulated money is what they are running, in short we will end up being used by the government and for sure lots of changes will happen and I don't think that it will still be called bitcoin.

[Pattart]

It will happen one day that banks will disappear but it is hard to that it will happen due to Bitcoin or due to digital fiat transaction. If world start to do  digital transaction and technology improves than it is possible that there will be no bank office but still banks will be maybe digital banks. 

nope it will not happen, banks will continue to exist because the fiat will always support the bank. because fiat fiat owned by the government of course will always persist and live until whenever
including on banks

[dhampir-D]

If the network remains stable and decentralized over the years, Bitcoin will certainly be a successful currency and will attract a large number of people who use banking systems, but I think that in the early stages these people will use both systems at the same time, as the Bitcoin ecosystem still does not provide all the resources for people to use it as the only platform.

[Positid]

I think Banks will not disappear
but maybe they will use Bitcoin.

Either way, it's not happening. Bank will not be replace by bitcoin of course it's a different thing and we cannot compete with fiat. People will always support bank as it is legitimate compared to bitcoin and government supports bank.

[boyptc]

If the network remains stable and decentralized over the years, Bitcoin will certainly be a successful currency and will attract a large number of people who use banking systems, but I think that in the early stages these people will use both systems at the same time, as the Bitcoin ecosystem still does not provide all the resources for people to use it as the only platform.

Of course we are always wanting to be on the safe zone and by just simply using both systems of bitcoin and banks that is making us wise doing that. Since bitcoin will not make the banks disappear still we are going to stick with both of it whether they will have their own competition, still the consumers will always have the favor.