Can Bitcoin make Banks disappear?

[boyptc]

nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.

Yes I believe that there's nothing impossible but with this thing, the chance to make the banks disappear is not that too high. And that's why I really don't think that the banks will have good time to make the banks disappear because they are needed by our society and bitcoin cannot handle the whole economy if there's no bank.

[1714845035]

1714845035

[1714845035]

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[the rise]

nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.

Yes I believe that there's nothing impossible but with this thing, the chance to make the banks disappear is not that too high. And that's why I really don't think that the banks will have good time to make the banks disappear because they are needed by our society and bitcoin cannot handle the whole economy if there's no bank.

Banks are under government supervision, until whenever banks will remain the best, what the Japan government is doing now is very good where the bank trying to manage the management and system adaptation and taxation bitcoin systematically.

[fullypak]

nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.

Yes I believe that there's nothing impossible but with this thing, the chance to make the banks disappear is not that too high. And that's why I really don't think that the banks will have good time to make the banks disappear because they are needed by our society and bitcoin cannot handle the whole economy if there's no bank.

Banks are under government supervision, until whenever banks will remain the best, what the Japan government is doing now is very good where the bank trying to manage the management and system adaptation and taxation bitcoin systematically.

Once any one country accepts this bitcoin and manages it in a proper way like how Japan is doing now. Then remaining countries also start to accept this currency. Japan took initiate, and they are doing good in bitcoin transaction. I don't know how they are managing this bitcoin transaction and how they collect tax from this BTC transaction. Any one have any idea about this?

[Janation]

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

How can bitcoin be a replacement to banks? Bitcoin is a digital currency, it is a digital currency that we people, can supervise freely. Some might not use banks, some will still use. Bitcoin will not replace fiat,so, until there is fiat, there will be also a bank to store the money there.

[cryp24x]

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

How can bitcoin be a replacement to banks? Bitcoin is a digital currency, it is a digital currency that we people, can supervise freely. Some might not use banks, some will still use. Bitcoin will not replace fiat,so, until there is fiat, there will be also a bank to store the money there.

Paper money may disapper but banks will never become obsolete.  They have service that only they can do.  Bitcoin cannot store physical things and that is the reason why Bitcoin will never make banks disappear.  Aside from that  people will keep on using banks no matter what happen.

[boyptc]

nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.

Yes I believe that there's nothing impossible but with this thing, the chance to make the banks disappear is not that too high. And that's why I really don't think that the banks will have good time to make the banks disappear because they are needed by our society and bitcoin cannot handle the whole economy if there's no bank.

Banks are under government supervision, until whenever banks will remain the best, what the Japan government is doing now is very good where the bank trying to manage the management and system adaptation and taxation bitcoin systematically.

We know that Japan can adopt almost everything and when bitcoin is on their economy, the bank will still play a very good part in the adoption of bitcoin. But it will never make the banks disappear because the government will back it up. And we will see in the upcoming years if there will be a great change and adoption.

[batang_bitcoin]

It wont bank will always be the best place to store your Money .

No Replacement For bank In near future .

This is what I can see in the future even bitcoin will be popular and will be on the trend still I believe that banks will remain. The government and the whole country needs a bank to play for the economy. I don't think that the government will allow bitcoin to do something or manipulate the banking system because it's a big source of income for them.

[stompix]

nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.

Yes I believe that there's nothing impossible but with this thing, the chance to make the banks disappear is not that too high. And that's why I really don't think that the banks will have good time to make the banks disappear because they are needed by our society and bitcoin cannot handle the whole economy if there's no bank.

Banks are under government supervision, until whenever banks will remain the best, what the Japan government is doing now is very good where the bank trying to manage the management and system adaptation and taxation bitcoin systematically.

Once any one country accepts this bitcoin and manages it in a proper way like how Japan is doing now. Then remaining countries also start to accept this currency. Japan took initiate, and they are doing good in bitcoin transaction. I don't know how they are managing this bitcoin transaction and how they collect tax from this BTC transaction. Any one have any idea about this?

Your confusing the country Japan with the government of Japan and with companies and business in Japan.
Three different entities with different role in the so called "acceptance" of bitcoin.

Japan as a country is not accepting bitcoin payments. And there is no other country that would pay Japan in bitcoins.
The government in japan has nothing to do with payments. They don't take payments. They just issue legislation.
Now the third one are the ones that can really use bitcoin. But you won't be able to force a merchant to accept bitcoins not can someone force you to accept your change in bitcoins.

Taxes are collected juts as you collect in any other country.
You sell 10 donuts you pay taxes. It doesn't matter how you got payed for them






.

[marlonjhon]

I think that will be impossible, they will adapt to the new reality and adopt the new technologies only when they are mature

[Rufsilf]

Banks cannot be disappear by just popularity of bitcoin because banks are already well established and a lot of people now are using banks as a storage of their money and bitcoin cannot break that connection and makes banks disappear.

[richkellj]

Banks cannot be disappear by just popularity of bitcoin because banks are already well established and a lot of people now are using banks as a storage of their money and bitcoin cannot break that connection and makes banks disappear.

Well how so ? I am not sure that the banks will survive in such a condition that the transactions and the financial matters will all be dealing through the BTC and the crypto exchange. The banks will be left with almost no role to be there. This will be the time when the banks will wind up.

[Seville]

Banks will never dissapear.. how can we buy bitcoins with fiat then?  

[Armstand]

Banks will never dissapear.. how can we buy bitcoins with fiat then? 

There is still a need for banks ,bitcoin alone can't use without bank since there is limited option yet to use btc.

[Pinkris128]

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...

I think that is very impossible to happen. Even in a long time. One possible thing that could happen is the bank will accept bitcoin as a real currency. Bank is not that easy to replace and its more useful as of now than bitcoin because bitcoin is not that popular like banks.

[anami57]

It will not happen. bank was established by state to run its program. And bitcoin is digital currency, bitcoin can be a global currency, but bank will and always needed by everyone in the world.

[mudboy93]

I don't think it will happen or bitcoin making banks disappear because banks is a very important in the current financial system, there needs to be a system offering interest for getting capital and investing it which is the actual meaning of investment and capital financial system.

[sana54210]

It wont bank will always be the best place to store your Money .

No Replacement For bank In near future .

This is what I can see in the future even bitcoin will be popular and will be on the trend still I believe that banks will remain. The government and the whole country needs a bank to play for the economy. I don't think that the government will allow bitcoin to do something or manipulate the banking system because it's a big source of income for them.

Yes I agree that the banks will exist. Actually those who talk about that the banks will disappear have no idea of the function of a bank for a state.

Being a student of economics I know that the only work of the bank is not transactions but in fact the bank and specially the central bank is the institution works as the back bone of a country’s economic system.

[Noctis Connor]

It will not happen. bank was established by state to run its program. And bitcoin is digital currency, bitcoin can be a global currency, but bank will and always needed by everyone in the world.

True with that bank is the first established by state to save our money or in money laundering called loan bitcoin i just a currency from internet that can be use only fron internet too it can't use in physical thing lmao but i have faith on bitcoin that in near future everything will be chaange because of this tread currency.

[richkellj]

nothing is impossible, Bitcoin can make banks disappear. but need long time, because in my country just a little people know about btc.

Yes I believe that there's nothing impossible but with this thing, the chance to make the banks disappear is not that too high. And that's why I really don't think that the banks will have good time to make the banks disappear because they are needed by our society and bitcoin cannot handle the whole economy if there's no bank.

Banks are under government supervision, until whenever banks will remain the best, what the Japan government is doing now is very good where the bank trying to manage the management and system adaptation and taxation bitcoin systematically.

Once any one country accepts this bitcoin and manages it in a proper way like how Japan is doing now. Then remaining countries also start to accept this currency. Japan took initiate, and they are doing good in bitcoin transaction. I don't know how they are managing this bitcoin transaction and how they collect tax from this BTC transaction. Any one have any idea about this?

I thought that we were here to discuss the topic of the bank disappearance but you are far away from it and are talking about the japan acceptance of the Bitcoin. I guess there is no link anyway let’s considers that yes they do have a link but to my opinion Japan must be involving its banks in this whole story.

[Osarman]

I don't think it will happen or bitcoin making banks disappear because banks is a very important in the current financial system, there needs to be a system offering interest for getting capital and investing it which is the actual meaning of investment and capital financial system.

yeah i also feel that its impossible that bitcoin will be dissapear the bank i think bank is very important for each country and we know that bank controlling the economy of any country so it can not happen.