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Zaun
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February 22, 2017, 10:35:38 PM |
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Bitcoin cannot make the banks to disappear,
But I think if bitcoin become much more popular in the future the banks should do something,
Maybe adopt this crypto currency or support it in any way that they can.
I agree banks are too powerful. But both can join or cooperate and perhaps work together to make and offer a global fast payment option for the masses. If banks offer bitcoin deposits withdrawals for let's say 50 cent. I think it will be a win win situation for consumers. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Seeker#9
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February 23, 2017, 06:01:08 AM |
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Banks will still be there even bitcoin will become one of the common currency. They will find effective ways to remain alive in the modern financial world. They might evolve into modern banking system that is fully automated and caters to all kind of transactions.
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Jannn
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February 23, 2017, 06:10:52 AM |
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Banks will still be there even bitcoin will become one of the common currency. They will find effective ways to remain alive in the modern financial world. They might evolve into modern banking system that is fully automated and caters to all kind of transactions.
Your right dude. Banks is still their even Bitcoin recognize and accepted by the government's that its happening now. And bank also want to copy the blockchain technology that we know that Bitcoin used. |
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Memeicomel
Full Member
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Activity: 448
Merit: 100
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
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February 23, 2017, 08:24:45 AM |
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can not because bitcoin just a digital currency , and not always life..
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Zadicar
Legendary
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Activity: 1330
Merit: 1020
Seabet.io | Crypto-Casino
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February 23, 2017, 08:33:16 AM |
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can not because bitcoin just a digital currency , and not always life..
What you mean life? maybe you are refering to local fiat which could be used on our daily lives and you are right bitcoin cant replace fiats and so on with the banks no matter how would progress it would be the thing would still remain and wouldnt go beyond fiat. |
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Fatanut
Legendary
Offline
Activity: 1008
Merit: 1059
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February 23, 2017, 04:57:41 PM |
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Bitcoin cannot make the banks to disappear,
But I think if bitcoin become much more popular in the future the banks should do something,
Maybe adopt this crypto currency or support it in any way that they can.
I agree banks are too powerful. But both can join or cooperate and perhaps work together to make and offer a global fast payment option for the masses. If banks offer bitcoin deposits withdrawals for let's say 50 cent. I think it will be a win win situation for consumers. Win-win situation for us, users, but for the government, they are swallowing their pride. Fiat has always been the money of the world. Seeing banks adding bitcoins to their deposit/withdrawal methods would mean that the number of users of bitcoin has blown up so much that the government just accepted their defeat. I still doubt that this will happen because they would start defending their money once we're starting to slowly grow in population so they can prevent future losses of the people's trust on them. If people realized that fiat has no value at all because it's not backed by gold anymore, they would start asking questions to their government which might wake up the majority of fiat slaves. That's something that the banks don't want to happen. |
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Sled
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February 23, 2017, 05:33:14 PM |
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can not because bitcoin just a digital currency , and not always life..
Yes indeed, Bitcoin 'not always life' or it can't to be live forever because it has limited supply and it is just a digital currency and it can lose for the incoming cryptocurrencies or digital currencies in the future because if the bitcoin doesn't improve for this next few years, I'm sure that the users or the community will migrate to another coin. |
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Monnt
Legendary
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Activity: 938
Merit: 1002
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February 23, 2017, 07:44:59 PM |
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I do not think the bitcoin can let banks disappear now.But the banks may disappear in the future not only because of btc.
Banks cannot disappear, it might be possible that physically banks may go obsolete, but electronically it will continue to function. Bitcoin is great but some features are missing which general people will like to have. And also the trust factor towards a bank is too high. I have to some different view about this. It’s true that banks cannot disappear but I don’t think bank is going to be physically absolute it is working at backend. Bitcoin is website of full feature I think it is not in their rule that they show the involvement of bank even they doing transaction through it but involvement of bank is not in benefit of us and bitcoin want our benefit as much as possible that’s why involvement of bank is not showing. |
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8Habits
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February 23, 2017, 08:49:00 PM |
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I do not think the bitcoin can let banks disappear now.But the banks may disappear in the future not only because of btc.
Banks cannot disappear, it might be possible that physically banks may go obsolete, but electronically it will continue to function. Bitcoin is great but some features are missing which general people will like to have. And also the trust factor towards a bank is too high. I have to some different view about this. It’s true that banks cannot disappear but I don’t think bank is going to be physically absolute it is working at backend. Bitcoin is website of full feature I think it is not in their rule that they show the involvement of bank even they doing transaction through it but involvement of bank is not in benefit of us and bitcoin want our benefit as much as possible that’s why involvement of bank is not showing. Banks are somewhat a foundation and institution already in the financial market and standing there for centuries already, it is somehow have some pride or just trust issues in giving in with bitcoins. Although, they will work hand in hand in the future. |
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kingorbust
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February 24, 2017, 02:14:07 AM |
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Sooner or later banks will have to adapt or face obsolescence.
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Japinat
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February 24, 2017, 03:20:26 AM |
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Sooner or later banks will have to adapt or face obsolescence.
That's something I'm doubt of, banks are very stable and they are a big industry fully supported by the government. Bitcoin is still emerging and there is not guarantee it will continue since we have the government that will surely control the financial industry in this world and that includes Bitcoin. As they see people keeps adopting bitcoin, it will pose big threats to the banking industry and we will lead them no choice but to interfere and regulate the usages of bitcoin. |
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n0ne
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February 24, 2017, 04:03:54 AM |
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Sooner or later banks will have to adapt or face obsolescence.
That's something I'm doubt of, banks are very stable and they are a big industry fully supported by the government. Bitcoin is still emerging and there is not guarantee it will continue since we have the government that will surely control the financial industry in this world and that includes Bitcoin. As they see people keeps adopting bitcoin, it will pose big threats to the banking industry and we will lead them no choice but to interfere and regulate the usages of bitcoin. As quoted bitcoin will surely be a big threat for banking industry, which makes the banking industry active with updates in the technology and the speedy services similar to bitcoin or other digital currencies. This cannot make banks get replaced with bitcoin or the digital currency network. |
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BitcoinPC
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February 24, 2017, 12:28:11 PM |
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can not because bitcoin just a digital currency , and not always life..
Bitcoin live long life or not, but one thing is clear bitcoin can't disappear the banks. Becasue banks create for fiat currency and crypto currency is not too much popular and most of the people prefer to fiat currency into digital. Than i believe it is really hard for bitcoin to disappear the bank. |
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Ewinsane
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February 24, 2017, 06:40:44 PM
Last edit: February 24, 2017, 06:50:52 PM by Ewinsane |
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Bitcoin cannot make the banks to disappear,
But I think if bitcoin become much more popular in the future the banks should do something,
Maybe adopt this crypto currency or support it in any way that they can.
I agree banks are too powerful. But both can join or cooperate and perhaps work together to make and offer a global fast payment option for the masses. If banks offer bitcoin deposits withdrawals for let's say 50 cent. I think it will be a win win situation for consumers. Yeah you are right that bank is strong and it will be survive forever because fiat is the main regular currency which can keep in our bank wallet with safe and fiat used in our daily regular direct shopping and we know that bitcoin is also promoting everyday and I hope that bank will be adopt bitcoin in the future and then anyone can be use bitcoin easily. |
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doomloop
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February 24, 2017, 06:55:14 PM |
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Bitcoin cannot make the banks to disappear,
But I think if bitcoin become much more popular in the future the banks should do something,
Maybe adopt this crypto currency or support it in any way that they can.
I agree banks are too powerful. But both can join or cooperate and perhaps work together to make and offer a global fast payment option for the masses. If banks offer bitcoin deposits withdrawals for let's say 50 cent. I think it will be a win win situation for consumers. Yeah you are right that bank is strong and it will be survive forever because fiat is the main regular currency which can keep in our bank wallet with safe and fiat used in our daily regular direct shopping and we know that bitcoin is also promoting everyday and I hope that bank will be adopt bitcoin in the future and then anyone can be use bitcoin easily. i agree with you that bitcoin will never disappear the bank and bank is made for fiat currency and bitcoin is just digital currency which can be used for online shopping and which can be use for online transaction. |
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European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
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February 24, 2017, 06:56:11 PM |
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if i used bitcoin instead of a bank i'd be paying around $50-100 in transaction fees per month as i move around and spend alot. so i hope it doesn't make banks disappear. i can't afford it.
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Bitcoinsummoner
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February 24, 2017, 06:57:48 PM |
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Bitcoin cannot make the banks to disappear,
But I think if bitcoin become much more popular in the future the banks should do something,
Maybe adopt this crypto currency or support it in any way that they can.
I agree banks are too powerful. But both can join or cooperate and perhaps work together to make and offer a global fast payment option for the masses. If banks offer bitcoin deposits withdrawals for let's say 50 cent. I think it will be a win win situation for consumers. Yeah you are right that bank is strong and it will be survive forever because fiat is the main regular currency which can keep in our bank wallet with safe and fiat used in our daily regular direct shopping and we know that bitcoin is also promoting everyday and I hope that bank will be adopt bitcoin in the future and then anyone can be use bitcoin easily. I think they will not be cooperate.. banks are connected in government and i think they don't let bitcoin to use it locally since bitcoin still anonymous.. And there is no reverse payment in bitcoin.. what is the buyer protection once they had scam or they receive a wrong service..? |
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s0nicwall
Member
Offline
Activity: 100
Merit: 10
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February 24, 2017, 06:58:36 PM |
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How would the economy work without banks, thoughts? Banks aren't ultimate evil or the like IMO, it's just something that covers the needs of the lenders and loaners, With BTC there's no need for a central authority, but the economy would still need banks IMO.
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bncbnc
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February 24, 2017, 08:36:34 PM |
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can not because bitcoin just a digital currency , and not always life..
Yes indeed, Bitcoin 'not always life' or it can't to be live forever because it has limited supply and it is just a digital currency and it can lose for the incoming cryptocurrencies or digital currencies in the future because if the bitcoin doesn't improve for this next few years, I'm sure that the users or the community will migrate to another coin. yes that is as a fact although it is limited but still it will stay for ever/ |
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agamasrori
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February 25, 2017, 03:17:28 AM |
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How would the economy work without banks, thoughts? Banks aren't ultimate evil or the like IMO, it's just something that covers the needs of the lenders and loaners, With BTC there's no need for a central authority, but the economy would still need banks IMO.
Banks that deserves to be supported and believe it is a state-owned bank. I think the other banks making offers that are likely to harm customers. I prefer to state is monopolize money for public welfare than the foreigners who monopolize money. But I would prefer that no party can monopolize money. |
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