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Sir Paijoe
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May 09, 2017, 06:55:25 AM |
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The Bank full supported by the Government, in any conditions the bank will continue to exist and will be maintained through subsidies. Bitcoin can not make banks disappear.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Ashong Salonga
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May 09, 2017, 07:02:35 AM |
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Actually, bitcoin can not make banks disappear as it is the primary material to convert your bitcoin/fiat money vice versa. Also, bitcoin also needs bank thus, disappearing of banks won't happen wether the fiat are a bout to dicrease its volume. |
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DarkIT
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May 09, 2017, 07:05:11 AM |
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Banks has the people trust, even with some manipulation and too much control above your money, bitcoin is a medium-high risk investment since the price changes a lot, but its supposed to get value over time. The fact is people will keep making their loans over banks, which they can pay in 20-40 years, something with bitcoin there is no way to make such, atleast not yet.
The government will also not let their bank dissapear. Bank has power to influence the country economy. the interest rate, inflation and currency valus are highly correlated. The central bank is setting the interest rate to affect the inflation. I think the bank has stronger support from the government, and bitcoin has no support at all. Well, even though bitcoin has been supported, I think it would be impossible to replace a bank that has been a people's trust for several years. |
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PowerWalletDotCom
Jr. Member
 Offline
Activity: 55
Merit: 10
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May 09, 2017, 07:06:54 AM |
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Actually, bitcoin can not make banks disappear as it is the primary material to convert your bitcoin/fiat money vice versa. Also, bitcoin also needs bank thus, disappearing of banks won't happen wether the fiat are a bout to dicrease its volume. I, too, adhere to this opinion and at the same time I can say even more that banks adopt the technology of blocking and so I would be able to withstand new challenges and adjust to new ideas in the field of finance and economy. |
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Azkabal
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May 09, 2017, 07:16:58 AM |
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It seems to me that the concept of a bank in any case remains. Perhaps it will somehow change, but over the long years the bank is convenient for the whole of mankind to store currency and make money transactions. Perhaps for bitcoin, from time to time, their digital banks will be created.
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Finestream
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May 09, 2017, 08:35:07 AM |
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It seems to me that the concept of a bank in any case remains. Perhaps it will somehow change, but over the long years the bank is convenient for the whole of mankind to store currency and make money transactions. Perhaps for bitcoin, from time to time, their digital banks will be created.
Bitcoins will remain uncontrolled by the government and people would prefer that way, even if there is a bank that caters bitcoin and gives insurance like fiat banking does, I would not put all my money, I have to remain anonymous because the moment I entrust my money in the bank I will be force to agree with their terms and they want to implement the KYC which is not being done in crypto of which we are enjoying also. |
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basketcoin
Newbie
Offline
Activity: 27
Merit: 0
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May 09, 2017, 11:29:51 AM |
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i dont think bitcoin will ever become more mainstream than real money so no
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Alfa123
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May 09, 2017, 11:50:12 AM |
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i dont think bitcoin will ever become more mainstream than real money so no
Yes, bitcoin can not completely replace real money. It will exist as an additional currency, if nobody destroys it. |
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Quantus
Legendary
Offline
Activity: 883
Merit: 1005
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May 09, 2017, 11:52:18 AM |
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(I am a 1MB block supporter who thinks all users should be using Full-Node clients) Avoid the XT shills, they only want to destroy bitcoin, their hubris and greed will destroy us. Know your adversary https://www.youtube.com/watch?v=BKorP55Aqvg |
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Kisanaq
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May 09, 2017, 01:55:42 PM |
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I think if the use of the bitcoin massive then people will distract from real money transactions to the bitcoin. Banks are very likely to disappear because the user is gone.
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GoodLuck2
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May 11, 2017, 09:53:31 PM |
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Banks has the people trust, even with some manipulation and too much control above your money, bitcoin is a medium-high risk investment since the price changes a lot, but its supposed to get value over time. The fact is people will keep making their loans over banks, which they can pay in 20-40 years, something with bitcoin there is no way to make such, atleast not yet.
The government will also not let their bank dissapear. Bank has power to influence the country economy. the interest rate, inflation and currency valus are highly correlated. The central bank is setting the interest rate to affect the inflation. I think the bank has stronger support from the government, and bitcoin has no support at all. Well, even though bitcoin has been supported, I think it would be impossible to replace a bank that has been a people's trust for several years. 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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Ziskinberg
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May 12, 2017, 05:10:23 AM |
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I think if the use of the bitcoin massive then people will distract from real money transactions to the bitcoin. Banks are very likely to disappear because the user is gone.
It's not gonna happen, massive use will not hit a majority of the worlds population, bitcoin is not simple to understand and big number of the world's population are living a poor life or under poverty, do you think they will bother to spend time researching on how to use bitcoin without earning from it? I guess not, people are saying that bitcoin can give earning but it's not, it is a currency as per general definition. |
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Ayiranorea
Sr. Member
Offline
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
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May 12, 2017, 06:35:10 AM |
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Bitcoin never make banks get disappeared. Banks are the economy backing system without which we could have never grown or could have never experienced such a growth in within our country as well in other sectors. Possibly both are essential for a successful growth.
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Alif Mahardika
Member
Offline
Activity: 112
Merit: 10
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May 12, 2017, 07:04:20 AM |
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nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.
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MiguelTheMVP
Newbie
Offline
Activity: 55
Merit: 0
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May 12, 2017, 07:42:37 AM |
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It is very impossible that the banks will disapper because of the bitcoin. It can't be happen. But maybe banks will use bitcoin in future and create different bitcoin accounts. Bank is very important to us and we need bank. |
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DoublerHunter
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May 12, 2017, 07:57:54 AM |
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nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.
Even bitcoin has a lot of years, it's still not enough to make the banks disappear because the banks are very strong and it is supported by the government and the governments will not allow bitcoin to beat their banks and take over the financial system. Bitcoin will be just like paypal and it will not make banks disappear. |
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stompix
Legendary
Offline
Activity: 2870
Merit: 6249
Blackjack.fun
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May 12, 2017, 12:54:35 PM |
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nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.
Even bitcoin has a lot of years, it's still not enough to make the banks disappear because the banks are very strong and it is supported by the government and the governments will not allow bitcoin to beat their banks and take over the financial system. Bitcoin will be just like paypal and it will not make banks disappear. Bitcoin is nothing like Paypal. Bitcoin will not make banks disappear as it makes no difference for banks if they work with usd or bitcoins. Banks has the people trust, even with some manipulation and too much control above your money, bitcoin is a medium-high risk investment since the price changes a lot, but its supposed to get value over time. The fact is people will keep making their loans over banks, which they can pay in 20-40 years, something with bitcoin there is no way to make such, atleast not yet.
The government will also not let their bank dissapear. Bank has power to influence the country economy. the interest rate, inflation and currency valus are highly correlated. The central bank is setting the interest rate to affect the inflation. I think the bank has stronger support from the government, and bitcoin has no support at all. Well, even though bitcoin has been supported, I think it would be impossible to replace a bank that has been a people's trust for several years. 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. Every now and then I hear another funny thing about bitcoin from idiots around here. So bitcoin is a website!! How could I have missed that? I've got the "involvement" part. |
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akija
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May 19, 2017, 10:33:26 AM |
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It wont bank will always be the best place to store your Money .
No Replacement For bank In near future .
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planfox
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May 19, 2017, 12:54:47 PM |
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It wont bank will always be the best place to store your Money .
No Replacement For bank In near future .
Bitcoin - this is the replacement for banks. But the problem is that the government will never allow the disappearance of banks. Bankers and officials have always worked together. If the government chooses that bitcoin displaces banks, it will prohibit the use of bitcoin |
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28days_ever
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May 19, 2017, 01:02:19 PM |
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It wont bank will always be the best place to store your Money .
No Replacement For bank In near future .
Bitcoin - this is the replacement for banks. But the problem is that the government will never allow the disappearance of banks. Bankers and officials have always worked together. If the government chooses that bitcoin displaces banks, it will prohibit the use of bitcoin The government should benefit from the use of bitcoin and if it is, then it is possible to crowd out banks. It is just necessary that a younger generation come to power, which more trusts modern technology. |
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