Can Bitcoin make Banks disappear?

[carlfebz2]

yess bitcoins will make banks  disappear at all.in by 2022 most  of the people will start using bitcoins as their currency otherwise bitcoins will die in a very hard way .we have to work hard a lot everyday and make educate people about the bitcoin cryptocurrency.

I don't think what you are saying is going to happen because the services that banks provide no other can.
Example an ATM machine . I am sure that bitcoin creator namely Satoshi going to provide a service like that.

It wont really happen since fiat is the blood of most economic activity globally and if fiat would gone then operations would be stop for sure also on banks too.As long fiat would still remain and theres government would backed it up then banks will surely still exist no matter what. Bitcoin is just a digital currency and it cant replace fiat or become legal or main currency.

[ReLieD]

It wont make banks disappear . Like how can someone even think.
This is just a crypto currency , i would never replace paper currency.
Even though the world is becoming Digital , it doesnt mean the paper currency will not have any value.
USD and other such currencies will always be people priority over crypto currency.
No doubt Bitcoin is the worlds best crypto currency but i will never be better than any paper currency.

[Ipwich]

It wont make banks disappear . Like how can someone even think.
This is just a crypto currency , i would never replace paper currency.
Even though the world is becoming Digital , it doesnt mean the paper currency will not have any value.
USD and other such currencies will always be people priority over crypto currency.
No doubt Bitcoin is the worlds best crypto currency but i will never be better than any paper currency.

By making more research, we will know how bit bank and how small bitcoin is, I don't see there's a big competition between the two as majority of the people will still prefer to use fiat generated by the bank than bitcoin. What matters to non crypto believer is such currency is back by the government.

[Vikingr]

I don't think bitcoin can make banks disappear, however bitcoin can make the banks starting to use bitcoin

bitcoin can make bank disappear if more than 80% of people on this planet start using Bitcoin. Bitcoin and bank are totally different to each other because banks are a part of the centralized system while Bitcoin is created for the freedom.

but what do you think that when at least 80% of people will start using bitcoin. i do not think that it is even possible in near future, after some decades i think only a few number of people will be able to start using bitcion in their real life.

There is one more thing in my mind that suppose 80% people of the world start using bitcoin then still the banks will survive because people need banks for loan and some institutes and governments needs banks to regulate their finance.

[Dr.Osh]

I don't think bitcoin can make banks disappear, however bitcoin can make the banks starting to use bitcoin

bitcoin can make bank disappear if more than 80% of people on this planet start using Bitcoin. Bitcoin and bank are totally different to each other because banks are a part of the centralized system while Bitcoin is created for the freedom.

but what do you think that when at least 80% of people will start using bitcoin. i do not think that it is even possible in near future, after some decades i think only a few number of people will be able to start using bitcion in their real life.

There is one more thing in my mind that suppose 80% people of the world start using bitcoin then still the banks will survive because people need banks for loan and some institutes and governments needs banks to regulate their finance.

you are right. maybe people use only bank to loan. many people who take advantage of the excess of the bank. but, it is very difficult to restore it if you had borrowed. but I think we also need to save the bank fiat. Well, bitcoin might not be able to make bank disappear, because something that does not exist on bitcoin, there on the bank.

[bravehearth0319]

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...

In my country, many of my fellow citizens here are not knowledgeable also in bitcoin. However, according to what you had mentioned that bank can make disappear, I don't think it will happen, or if ever will happen for sure all people in the world are much more familiar with Bitcoin.

[bestluck]

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...

In my country, many of my fellow citizens here are not knowledgeable also in bitcoin. However, according to what you had mentioned that bank can make disappear, I don't think it will happen, or if ever will happen for sure all people in the world are much more familiar with Bitcoin.

According to your point I will say that there are some people in the world who do not have educated and do not have time to learn about bitcoin because of their old age so they will use banks and for these people banks will remain in existence.

[bitllionaire]

im sure it can...but it will take a long time to make bank dissapear...
but make sure that all people know what is btc...in my country just a less people know bitcoin...

In my country, many of my fellow citizens here are not knowledgeable also in bitcoin. However, according to what you had mentioned that bank can make disappear, I don't think it will happen, or if ever will happen for sure all people in the world are much more familiar with Bitcoin.

According to your point I will say that there are some people in the world who do not have educated and do not have time to learn about bitcoin because of their old age so they will use banks and for these people banks will remain in existence.

but i think not only in third world countries but in modern countries  most of the people do not have facilities of using bitcoin, the only reason can be that the users of bitcoin are not too many. therefore the facilities of bitcoin are not available everywhere.

[Kousei23]

For me, banks will not disappear. Bitcoin is good and somehow it is very helpful. But the thing that bitcoin is bad is that there are some who earn only by gambling. They are only wasting their Bitcoin. And banks will not disappear because we all know that banks are very trusful and safe.

[Viscore]

For me, banks will not disappear. Bitcoin is good and somehow it is very helpful. But the thing that bitcoin is bad is that there are some who earn only by gambling. They are only wasting their Bitcoin. And banks will not disappear because we all know that banks are very trusful and safe.

Probably if others have the same thinking as yours, they will not consider bitcoin as a serious development for humanity, you have a very limited knowledge about bitcoin, I suggest you do more research as little knowledge is very dangerous. If you have been gambling, for sure you will know that you can do it even without bitcoin, having said that, bitcoin is not entirely made for gambling purposes.

[morgand]

I don't think bitcoin will going make it happen that they are going to make banks disappear. And bank is very important, because all people already use it and trust bank. And i think the goverment cant really investigate people wealth for tax purpose if they use bitcoin. So no, banks will stand here where they are and cannot disappear.

[maxxdxx]

50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.

[boyptc]

50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.

Banks will always remain no matter what is going to be the success of bitcoin or crypto currencies for the next years. Banks are important body of government and I'm sure that they won't allow bitcoin to replace banks position. Because it is the one who is responsible for controlling the flow of money to the society. But with bitcoin, that's going to be a chaos if they will take over banking services.

[Gembul]

I don't think bitcoin will going make it happen that they are going to make banks disappear. And bank is very important, because all people already use it and trust bank. And i think the goverment cant really investigate people wealth for tax purpose if they use bitcoin. So no, banks will stand here where they are and cannot disappear.

Agree with you, I think bitcoin might not be able to get rid of the bank. Because with the help of banks state could investigate the wealth of people. Moreover, the current bitcoin users still not much . And the average person in this world who have a lot more bank accounts than their own bitcoin. Most people prefer a bank for safety assurance although with expensive fee. Thank you

[Botnake]

50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.

There's no even chance of happening that in the future, the power of bitcoin is not that big to surpass what the government has already established. Banks will stay here and it is mandated by the government, they produce fiat and we have no option but to use fiat if we want to survive with our daily needs. Bitcoin and fiat is going to be a good partner that can give people more choice and it will benefit all.

[diegz]

50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.

They will adopt bitcoin, that's true, but then, it is not mean that it will be their main currency and leave fiat and banking aside. In the future that is what will happen, bitcoin will be used by many but we won't leave banking. We will always use them except if their reputation is ruined thru lost deposits, unsecured transactions and unsecured facilities where holdups happens frequently.

Delays in transaction in banks is not enough that bitcoin will make them disappear. 

[Finestream]

50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.

They will adopt bitcoin, that's true, but then, it is not mean that it will be their main currency and leave fiat and banking aside. In the future that is what will happen, bitcoin will be used by many but we won't leave banking. We will always use them except if their reputation is ruined thru lost deposits, unsecured transactions and unsecured facilities where holdups happens frequently.

Delays in transaction in banks is not enough that bitcoin will make them disappear. 

In terms of security, banking industry is the most secured and they are improving their security from time to time. Bitcoin on the other hand is a different approach on the banking system and we can transact without the need of a 3rd party or particularly a bank. People does not trust this kind of system and they want to have insurance on their money while transacting and only banks can offer that.

[dimonchik13]

I'm still not competent enough in this area, but still trying to understand the subject matter in that moment, that the banks will disappear or will be able to work with bitcoin. If this is the topic of conversation aimed at the banks disappear, we have already discussed in another topic creation bitcoin bank. Then the question arises, what is the difference between the two banks?

[bikbik2]

50%. Either it happens or it doesn't. Most of the general public doesn't use bitcoin yet. People will adopt bitcoin as a currency if they see its utility. Until then banks will stay.

They will adopt bitcoin, that's true, but then, it is not mean that it will be their main currency and leave fiat and banking aside. In the future that is what will happen, bitcoin will be used by many but we won't leave banking. We will always use them except if their reputation is ruined thru lost deposits, unsecured transactions and unsecured facilities where holdups happens frequently.

Delays in transaction in banks is not enough that bitcoin will make them disappear. 

In terms of security, banking industry is the most secured and they are improving their security from time to time. Bitcoin on the other hand is a different approach on the banking system and we can transact without the need of a 3rd party or particularly a bank. People does not trust this kind of system and they want to have insurance on their money while transacting and only banks can offer that.

Here you are right. In the banks money can be saved with a greater probability of their integrity, if not make a step the government to currency depreciation. Inflation can eat everything.

[olyaru]

The banking system is much stronger and not concede its place even bitcoin, no matter how wonderful it was. Even today, many financial institutions to test and implement in your system Blockchain technology. This suggests that their views on the future go with the times.