Can Bitcoin make Banks disappear?

[millgates]

 I do not think that bitcoin can make  banks dissapear because bank can influence the economy of the country. But may be the bank usage can reduced by bitcoin usage. By the way so many people pretend bitcoin such as the future of money.

[1715222008]

1715222008

[1715222008]

1715222008

[FlightyPouch]

I do not think that bitcoin can make  banks dissapear because bank can influence the economy of the country. But may be the bank usage can reduced by bitcoin usage. By the way so many people pretend bitcoin such as the future of money.

Bitcoin will never make banks disappear, but your reason, or what you are thinking is wrong. Bitcoin can influence the economy of one's country, so that will never be a reason. Fiats will be used forever because all of the people in these world are used to that kind of payment, it is been running for so many years now. And as long as there are using fiats, there will still be banks. Also, not all the people can afford an internet and have a bitclin wallet.

[MoneyIsDebt]

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.

Yeah I think banks have its own importance it use want to use your bitcoin for shopping in your daily life from any practical shop or store you have to exchange it in the fait money.
and you have to store it in the bank so, I think it will increase the use of bank.

[momagic]

I dont think that will happen. I think that the most people just need the normal banks. Some people doesnt even know that Bitcoins exist.
I hope later that more people will get to know about Bitcoin and that more people will use it in the future.

[dasana212]

Certainly not. Banks always exist in every country, because bank is a financial entity that attracts and issues money in society, mainly providing credit and services in traffic payments and circulation of money

[myelbow4]

Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.

[pitiflin]

Bitcoin is the future of all currencies,there is a high possibility of  banks disappearing in the near future as the advancement of technology is already created online banking ,soon people will stop going to banks and banks will be totally forgetten as people will do all their financial transactions with the help of internet

[rhamzter]

It's a long road for Bitcoin before can make disappear the bank. Because bank is a stable institution, it was earn a lot of trust from the people. Moreover, bitcoin was started to know by the people as currency. But I think sooner or later bitcoins were become famous in the digital currency and bank were still stand up.

[paul gatt]

It's a long road for Bitcoin before can make disappear the bank. Because bank is a stable institution, it was earn a lot of trust from the people. Moreover, bitcoin was started to know by the people as currency. But I think sooner or later bitcoins were become famous in the digital currency and bank were still stand up.

I always assert that bitcoin can not make the banks disappear. Because that will never happen, although bitcoin exists without the banks, but it does not compete with banks, in contrast, people use banks and cash as the method to buy bitcoin.

[Blitzboy]

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

I do agree so. Banks are very important to our world. In fact, we still need something to control us in order for us to obey the rule and do not do anything silly, dumb, steal other money or kill other people. Bitcoin and bank will both exist in the future

[Shinze]

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 this is difficult. because, Btc is merely a currency. If developed to the maximum and accepted by the government, btc can only be used as widely as conventional currencies and will not replace them. In addition, the government will not let their banking system to be wiped out by btc. So, that btc make banks disappear can not happen.this is only my view.

[Pattart]

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

I think it's impossible to happen. See the government banning the use of bitcoin. And banks will surely comply with government regulations. Which definitely the bank will not

[Boseda]

Well, banks has more uses besides sending and receiving money. They are used for investments, for loans and for leasing.

Yet I think cryptocoins, as well as online crowdfunding platforms, have the power to make banks weaker and weaker. Their disappearance won't be a quick process, though.

[choppork]

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 this is difficult. because, Btc is merely a currency. If developed to the maximum and accepted by the government, btc can only be used as widely as conventional currencies and will not replace them. In addition, the government will not let their banking system to be wiped out by btc. So, that btc make banks disappear can not happen.this is only my view.

I don't think you should use "merely" since bitcoin is not just a currency. It's a speculative asset. It can be viewed as a share of the total company's stock. It can be seen as a token which you can convert to become fiat. Bitcoin is actually not much of a currency since people are using it because we think that the price will go up. Bitcoin also unlocked tons of possibilities. It has caused a major paradigm shift to the people that's been earning too little from their day jobs. It's concept alone is enough to know that bitcoin can sure has a solid support from the people and if it goes mainstream and the truth behind fiat money not being by gold anymore goes mainstream as well, it will wake up the majority of people and turn their backs on their government.

[artows21]

I don't think any crypto currency will totally replace banks to the point where they don't exist.
 I do however believe that their prominence and power will be drastically reduced in a similar fashion to that of record labels and the introduction of torrenting and youtube and the likes. prior to the internet era, record labels were practically a necessity, at least if you wanted to make it any ways big.

They had a monopoly on the music industry. you didn't succeed if they didn't want you to.
Now, they are still in existence, but they have little power or influence. crypto will do similar to the banks, clearing houses and all sorts of industries that we likely cant even fathom yet.

[Dite1989]

Banks won't disappear. They, too, are researching blockchain technologies. Bitcoin proved that there could be a financial network without banks, but banks are just too important in society to disappear.

[slapper]

Banks won't disappear. They, too, are researching blockchain technologies. Bitcoin proved that there could be a financial network without banks, but banks are just too important in society to disappear.

as long as they keep following the centralized system, they can never understand the blockchain. WEll, but we have to admit that bank can not easily disappear and they will still keep existing

[BeGoods]

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

I think it is impossible to make the bank disappear. Because the state finances depend on the bank. I think just because the popular bitcoin does not mean it will make the bank disappear

[Japinat]

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

I think it is impossible to make the bank disappear. Because the state finances depend on the bank. I think just because the popular bitcoin does not mean it will make the bank disappear

Bitcoin is cannot even compete with banks since it is not a money at all, it's just a payment system where we convert fiat to bitcoin and vice versa but it will always end up with fiat since bitcoin alone has no value in this world. Even holding bitcoin gives a bigger risk to the holders as anytime the value might disappear and it is possible since everything in this world  is controlled by the government.

[mike1183]

I don't think so, banks are a very important part of the economical system right now, not just holding money but the act of receiving, lending, getting money+ Profit and giving the capital and part of the profit to the person.. The most important part of the cycle are the merchants getting loaned since this is the base for everything from real-estate construction, even to large companies.