Can Bitcoin make Banks disappear?

[ananas99]

I think that banks and bitcoin have nothing in common. They are not competitors and can coexist with each other.

[20kevin20]

Banks are the strongest financial institutions we have at a moment and bitcoin is not that big that it can ever replace banks more people will start using bitcoins in future when they will start knowing it but that doesn't mean that banks will get vanished totally from real world and that's impossible to happen.

Banks don't have to disappear since it is too much of a dream that bitcoin would make them disappear... They are strong, they play roles in the society and in the economy, while bitcoin only play one aspect of banking, which is the money... Banks do more things than just holding a money or releasing it... They process many things, now, bitcoin has no capability to do it yet ( the function of banks )... 

Here I completely agree with you. Deposits and loans, installment and other banking services, it is a very important moment for the modern life of each person. A bitcoin this can give, definitely.

Banks disappearing = Bitcoin controlled. We should live with these banks around us, that doesn't hurt us in any way. We just keep using Bitcoin, and no more banks. Why stop people who might be in need of a loan? Let them go to the bank and get one while we are doing things on our own.

[salemon]

Banks are the strongest financial institutions we have at a moment and bitcoin is not that big that it can ever replace banks more people will start using bitcoins in future when they will start knowing it but that doesn't mean that banks will get vanished totally from real world and that's impossible to happen.

Banks don't have to disappear since it is too much of a dream that bitcoin would make them disappear... They are strong, they play roles in the society and in the economy, while bitcoin only play one aspect of banking, which is the money... Banks do more things than just holding a money or releasing it... They process many things, now, bitcoin has no capability to do it yet ( the function of banks )... 

Here I completely agree with you. Deposits and loans, installment and other banking services, it is a very important moment for the modern life of each person. A bitcoin this can give, definitely.

Banks disappearing = Bitcoin controlled. We should live with these banks around us, that doesn't hurt us in any way. We just keep using Bitcoin, and no more banks. Why stop people who might be in need of a loan? Let them go to the bank and get one while we are doing things on our own.

Each person must decide for himself what to do and how to act. This is the right to free choice. At least no one is forcing banks and used to go to take the credit.

[abonarea]

Bitcoin can never make banks disappear because of more than many reasons. Bitcoin is not designed for this so banks were afraid at some point from it but when they realized that Bitcoin has its limited circle of use they went back. Bitcoin will survive as online payment processor and mean of payment but it is not threatening banks at all.

[Holly-Dolly]

Bitcoin can never make banks disappear because of more than many reasons. Bitcoin is not designed for this so banks were afraid at some point from it but when they realized that Bitcoin has its limited circle of use they went back. Bitcoin will survive as online payment processor and mean of payment but it is not threatening banks at all.

Moneylenders engaged in lending money on the security of or engaged in trade for many years ago, and the banking system with such roots very much learned to stay afloat and bitcoin will not be able to sink the banks in general. They have different challenges and opportunities.

[farl2web]

Banks are the strongest financial institutions we have at a moment and bitcoin is not that big that it can ever replace banks more people will start using bitcoins in future when they will start knowing it but that doesn't mean that banks will get vanished totally from real world and that's impossible to happen.

Bitcoin will become more popular, and users will also become even more. But this is not the figure that will be talking about what will be the main currency bitcoin. Bitcoin will work in his element, and people will keep their money in banks, and continue to receive a salary of Fiat on bank cards. That still does not change.

[BiTZeD]

No, it can not. As long as they will be state-issued money (likely to be forever) they will be banks. This does not mean that they will stay away from Bitcoin.

[xJuturna]

If it was possible, I don't think it would happen anytime soon. I can't see it happening in any possible foreseeable future at least. It definitely is a possibility if you look at what bitcoin can accomplish and what it's all about but it would be hard to convince the majority of people to not have a tangible currency that you can't actually hold in your hands.

[HaXX0R1337]

No, it can not. As long as they will be state-issued money (likely to be forever) they will be banks. This does not mean that they will stay away from Bitcoin.

That is the truth and government issued currency will be here and it wont be replaced by anything and long as we trade and use currencies banks will be their and ecosystem is entirely different as one is a centralized way of storing your asset while the other gives you complete control over your assets.

[carlerha]

If it was possible, I don't think it would happen anytime soon. I can't see it happening in any possible foreseeable future at least. It definitely is a possibility if you look at what bitcoin can accomplish and what it's all about but it would be hard to convince the majority of people to not have a tangible currency that you can't actually hold in your hands.

but i bitcoin and banks will do work together. specially when government will accept bitcoin. then banks will also accept bitcoin, they will deposit and withdraw bitcoin and will use online wallet for providing these services. i am sure that when the users of bitcoin will increase and when bitcoin can be use as fiat and when we will become able to buy everything using bitcoin then people will reduce the use of bitcoin and it will the compel the banks to start adopting bitcoin.

[bitbob82]

Bitcoin can never make banks disappear because of more than many reasons. Bitcoin is not designed for this so banks were afraid at some point from it but when they realized that Bitcoin has its limited circle of use they went back. Bitcoin will survive as online payment processor and mean of payment but it is not threatening banks at all.

i think bitcoin can disappear banks but not so easy, it can only be possible when all the people of the world will start using bitcoin but then banks will also change their strategy and will start providing service to bitcoin users,and through this way they can service for a long time.

[Liang_Kubur]

For the near future is of course not, but if the use of the bitcoin continues to rise until it reaches more than 50% of the world's transactions then I'm sure the banks will disappear. and the most important is the dynamic changes of the era, no one is eternal in this world including the bank.

[diegz]

For the near future is of course not, but if the use of the bitcoin continues to rise until it reaches more than 50% of the world's transactions then I'm sure the banks will disappear. and the most important is the dynamic changes of the era, no one is eternal in this world including the bank.

Which is highly unlikely to happen.  remember, bitcoin would not have enough supply for the world to use, it's either we will ran out of it or the price would keep on rising until no one can afford it anymore. The best thing that I see is bitcoin will be spread worldwide. But making banks disappear? no, it will never happen. 

[doomloop]

Bitcoin can never make banks disappear because of more than many reasons. Bitcoin is not designed for this so banks were afraid at some point from it but when they realized that Bitcoin has its limited circle of use they went back. Bitcoin will survive as online payment processor and mean of payment but it is not threatening banks at all.

bitcoin is really never make bank disappear because bitcoin is a online currency and we can use it for online transaction and bank is the main organization for our regular fiat money so i do not thing that bitcoin will disappear bank.

[Zadicar]

Bitcoin can never make banks disappear because of more than many reasons. Bitcoin is not designed for this so banks were afraid at some point from it but when they realized that Bitcoin has its limited circle of use they went back. Bitcoin will survive as online payment processor and mean of payment but it is not threatening banks at all.

bitcoin is really never make bank disappear because bitcoin is a online currency and we can use it for online transaction and bank is the main organization for our regular fiat money so i do not thing that bitcoin will disappear bank.

You are right it wont really make banks disappear since bitcoin is just an digital currency and theres nothing to do with with banks and bitcoin cant surpass fiat no matter what how bitcoin would progress in the future thats why we should not think about this thing would happen.

[PacePay]

Bitcoin can never make banks disappear because of more than many reasons. Bitcoin is not designed for this so banks were afraid at some point from it but when they realized that Bitcoin has its limited circle of use they went back. Bitcoin will survive as online payment processor and mean of payment but it is not threatening banks at all.

bitcoin is really never make bank disappear because bitcoin is a online currency and we can use it for online transaction and bank is the main organization for our regular fiat money so i do not thing that bitcoin will disappear bank.

Yes that is a good point in distinguishing between the banks and bitcoin I also convinced with that bitcoin is a currency and will not be able typo become an organization but it will only replace the saving work of banks. people will like to save their money in bitcoin while the banks will continue their other activities of the state and other organizations.

[crairezx20]

Bitcoin can never make banks disappear because of more than many reasons. Bitcoin is not designed for this so banks were afraid at some point from it but when they realized that Bitcoin has its limited circle of use they went back. Bitcoin will survive as online payment processor and mean of payment but it is not threatening banks at all.

bitcoin is really never make bank disappear because bitcoin is a online currency and we can use it for online transaction and bank is the main organization for our regular fiat money so i do not thing that bitcoin will disappear bank.

Yes that is a good point in distinguishing between the banks and bitcoin I also convinced with that bitcoin is a currency and will not be able typo become an organization but it will only replace the saving work of banks. people will like to save their money in bitcoin while the banks will continue their other activities of the state and other organizations.

Mostly people are choosing safe their own money for their future.. and i think if they have a chance to choose they will stay in banks to save their money since they don't know about bitcoin and they do not know how long bitcoin will live..
Also the other reason bitcoin is not stable so its risky if the price is going to cheap and they need to withdraw for emergency case they will lose some of their savings in bitcoin so still better to save in banks for safety purposes. unlike we are that we know already about bitcoin..
So there is no way that banks will disappear because of bitcoin..

[Jiyens3]

Bitcoin can never make banks disappear because of more than many reasons. Bitcoin is not designed for this so banks were afraid at some point from it but when they realized that Bitcoin has its limited circle of use they went back. Bitcoin will survive as online payment processor and mean of payment but it is not threatening banks at all.

bitcoin is really never make bank disappear because bitcoin is a online currency and we can use it for online transaction and bank is the main organization for our regular fiat money so i do not thing that bitcoin will disappear bank.

of course bitcoin never make bank dissapear . a lot of people still need a bank to their transaction .. because all people not know about bitcoin yet

[zuyfg888]

Bitcoins can make banks disappear. We know that bitcoin value will go up and up. But we know that bitcoin will not be always stable on its highest value. We should know that bitcoin will be going popular. We must promote bitcoins to our friends.

[thunderbitz2717]

It can never be happen that bank will disappear because of bitcoin, but bank can be possible to adopt the concept system of bitcoin in the near future.