Can Bitcoin make Banks disappear?

[batang_bitcoin]

Bitcoin will not make bank disappear, but bitcoin will be an example for banks in terms of technology. Banks in world will apply the best technology, to easily serve public finances and run government programs.

Yes it will never make the bank disappear because banks are stronger with foundation and with the support of the government. But the block chain technology can be adopted by the bank if they wish so. And there are a lot of people that mostly treating the bank just for safe keeping but in bitcoin, you can choose a lot of wallet(bank) for your own.

Is there really a big danger to yourself to save your Bitcoin, rather than keep them in the bank? Maybe there can be really good reasons for children to create Bitcoin Bank for storing crypto currency, but it seems to me that this bank can take over all the functions of simple real banks with which we will be difficult to cope with simple users.

There's no danger if you alone going to save bitcoin at your comfort. Because if you will keep your bitcoin in the bank, they are the ones that will have benefit on it. Let's think that they did adopted bitcoin already to their service, the same thing they will do with the money being deposited by the peopl, they will use it in other investment.

[eann014]

I don't think that Bitcoin can make bank disappear at all. Because right now there are a lot of Banks that are already trusted and also usable to those who have their own company. Because Banks can also do other things than just saving money.

[0Pirats0]

I don't think that Bitcoin can make bank disappear at all. Because right now there are a lot of Banks that are already trusted and also usable to those who have their own company. Because Banks can also do other things than just saving money.

I agree. Bitcoin can not destroy the banks. He can only infiltrate the banking system as an alternative currency.

[Visin]

Bitcoin can't remove banks from the earth because capitalist powers never let bitcoin do this. What bitcoin can make is refucing the effect of banks in the future.

It’s very easy for Bitcoin to remove Banks from the world. People all over the world use Banks and there is another group of people that just don’t use a banking system for their money. If the large Banks focused on Bitcoin then regular cash then that Bank would have the potential to crumble because there wouldn’t be any support to get back with when/if the price of Bitcoin goes down to nothing of value.

[CriptoSven]

Bitcoin can't remove banks from the earth because capitalist powers never let bitcoin do this. What bitcoin can make is refucing the effect of banks in the future.

It’s very easy for Bitcoin to remove Banks from the world. People all over the world use Banks and there is another group of people that just don’t use a banking system for their money. If the large Banks focused on Bitcoin then regular cash then that Bank would have the potential to crumble because there wouldn’t be any support to get back with when/if the price of Bitcoin goes down to nothing of value.

If the banking sector is still translating Blockchain's cryptography technology into equipping its system, then I think that they will cope with Bitcoin and Maybe there will even be active cooperation and work with crypto currency.

[Dcspride]

My answer is no.. bitcoin will never ever be able to replace the bank because of bitcoin's unpredictable rate.. and there are still too many people out there who does not believe in computerized banking or currency system..  ppl just want old fashioned face to face with banker to make a deposits and withdrawals.

[BeGoods]

Bitcoin can't remove banks from the earth because capitalist powers never let bitcoin do this. What bitcoin can make is refucing the effect of banks in the future.

Of course the bank will not possibly be removed from the earth. The world's financial system is already dependent on banks and banks are already central to each country, bitcoin can not easily erase banks

[roober]

Bitcoin can't remove banks from the earth because capitalist powers never let bitcoin do this. What bitcoin can make is refucing the effect of banks in the future.

Of course the bank will not possibly be removed from the earth. The world's financial system is already dependent on banks and banks are already central to each country, bitcoin can not easily erase banks

I think the banks themselves soon transformirovalsya in crypto currency will be some payment aggregators

[guoyu78]

I don't think that Bitcoin can make bank disappear at all. Because right now there are a lot of Banks that are already trusted and also usable to those who have their own company. Because Banks can also do other things than just saving money.

i agree with you that bitcoin will never disappear the bank because we now that bank play very important role in their country and we know that bank controlling the fiat money and if everyone adopt the bitcoin and any local shop accept the bitcoin then i hope bitcoin will down the bank.

[the rise]

I don't think that Bitcoin can make bank disappear at all. Because right now there are a lot of Banks that are already trusted and also usable to those who have their own company. Because Banks can also do other things than just saving money.

i agree with you that bitcoin will never disappear the bank because we now that bank play very important role in their country and we know that bank controlling the fiat money and if everyone adopt the bitcoin and any local shop accept the bitcoin then i hope bitcoin will down the bank.

Banks will not disappear because of intervention from the government that requires the authorization of financial institutions currently controlled by fiat. Bitcoin is a cutting-edge technology for future projects, if we discuss this for now it will not be suitable, but in the future bitcoin will take the world's financial influence and inevitably banks have to adapt this technology.

[Harlot]

I don't think that Bitcoin can make bank disappear at all. Because right now there are a lot of Banks that are already trusted and also usable to those who have their own company. Because Banks can also do other things than just saving money.

i agree with you that bitcoin will never disappear the bank because we now that bank play very important role in their country and we know that bank controlling the fiat money and if everyone adopt the bitcoin and any local shop accept the bitcoin then i hope bitcoin will down the bank.

Banks will not disappear because of intervention from the government that requires the authorization of financial institutions currently controlled by fiat. Bitcoin is a cutting-edge technology for future projects, if we discuss this for now it will not be suitable, but in the future bitcoin will take the world's financial influence and inevitably banks have to adapt this technology.

And I think that they can also co-exist with one another, remember that this is not some kind of competition and they are actually good with one another, How? Some Bitcoin Wallet Apps have the option to convert your Bitcoin to Fiat straight into your Bank Account which is a convenient way for both. Also we all know that without Fiat, Bitcoin will not be existing right now. Banks are backed up by our government and I don't think they would let something like this happen.

[mariahronny]

No, I highly doubt it.

Bitcoin is a system that aims to facilitate transactions without the need for a bank.

People tend to overlook the fact that anywhere where one transacts value in different forms inevitably forms an economy. There shall be tools and factors that influence this economy to cultivate it. Banks are just one of the factors that influence economy. Banks run within a different kind of economy. Banks are designed to safeguard people’s money, lend the same money to people that need them to collect interest and eventually have the money rotated within to generate maximum value per rotation.

Bitcoin’s economic model differs from that of a bank.
Cryptocurrencies (bitcoin) might solve a problem that banks do too.

 Banks are subject to inflation

Demand shall dictate the value of Bitcoin and given that value is being generated in each round of rotation, the value of Bitcoin shall only increase. Bitcoin isn’t affected by government laws and has a capped supply which keeps its motive in alignment with that of its token holders.

Both are sustainable in the long run as they cater to different economies.

Bitcoin and Banks are catering different sections of our society.
Sure, one might hamper another, but I don’t think it is enough to erase one’s need to our society.

[coinfast]

I don't think that Bitcoin can make bank disappear at all. Because right now there are a lot of Banks that are already trusted and also usable to those who have their own company. Because Banks can also do other things than just saving money.

i agree with you that bitcoin will never disappear the bank because we now that bank play very important role in their country and we know that bank controlling the fiat money and if everyone adopt the bitcoin and any local shop accept the bitcoin then i hope bitcoin will down the bank.

Banks will not disappear because of intervention from the government that requires the authorization of financial institutions currently controlled by fiat. Bitcoin is a cutting-edge technology for future projects, if we discuss this for now it will not be suitable, but in the future bitcoin will take the world's financial influence and inevitably banks have to adapt this technology.

And I think that they can also co-exist with one another, remember that this is not some kind of competition and they are actually good with one another, How? Some Bitcoin Wallet Apps have the option to convert your Bitcoin to Fiat straight into your Bank Account which is a convenient way for both. Also we all know that without Fiat, Bitcoin will not be existing right now. Banks are backed up by our government and I don't think they would let something like this happen.

Banks will not disappear, Because there will always be people who will depend on the Bank... because Bank which controlling Fiat. Many people who do not have the ability to use Bitcoin and they are loyal with Fiat.

[bitbob82]

I don't think that Bitcoin can make bank disappear at all. Because right now there are a lot of Banks that are already trusted and also usable to those who have their own company. Because Banks can also do other things than just saving money.

yes that is right  in near future it may not be possible but in far future when all the users fo bitcoin wll stat accepting bitcoin and when they wll start using bitcoin for online purpose and when government will consider  bitcoin as legal currency then it may be possible that bitcoins will disappear banks.

[notyours]

I think it can't banks disappear because banks is build first than bitcoin. Maybe in near future if bitcoin is famously know by people, some banks can be closed cause of high demands of bitcoin in future.

[Fatanut]

Bitcoin can't remove banks from the earth because capitalist powers never let bitcoin do this. What bitcoin can make is refucing the effect of banks in the future.

It’s very easy for Bitcoin to remove Banks from the world. People all over the world use Banks and there is another group of people that just don’t use a banking system for their money. If the large Banks focused on Bitcoin then regular cash then that Bank would have the potential to crumble because there wouldn’t be any support to get back with when/if the price of Bitcoin goes down to nothing of value.

You're being delusional. First of all, the "group of people" that have never used the banking system in their own lives are extremely low in the city where most people are. I might be wrong population-wise but these people just don't have that much money so they never took interest to open a bank account even if it's for free. They probably also don't have a day job since most day jobs pay you directly to your account and not in cash.

Stop deluding yourself that banks are going to accept bitcoins and the volatility of bitcoin will destroy banks. No bank that's controlled by the government will just start accepting bitcoins. They will start thinking of accepting bitcoins only when most establishments already do. Bitcoin is a serious matter since bitcoin removes the trusted third party from our transactions and that's exactly what banks are.

[doomloop]

I think it can't banks disappear because banks is build first than bitcoin. Maybe in near future if bitcoin is famously know by people, some banks can be closed cause of high demands of bitcoin in future.

yes you are right that bitcoin cannot make banks disappear because banks are for fiats and everyone in the world know about fiats and bitcoin has introduced about ten years ago and everyone do not know about bitcoin, however if the bitcoin gain the popularity like fiats then it is possible that banks accept and adopt bitcoin in future.

[sieemma]

Bitcoins cannot let banks disappear. The only possible thing is bitcoin maybe adopted by most banks in the near future and not necessarily collapsing the banks as you were saying. BTW I stand to be corrected tho

[lukmandog]

Bitcoins cannot let banks disappear. The only possible thing is bitcoin maybe adopted by most banks in the near future and not necessarily collapsing the banks as you were saying. BTW I stand to be corrected tho

Banks will always be needed by crowd for their financial activities, bitcoin cann't handle all. Bitcoin is popular, but bank stronger because its protected by government.

[Gameroid]

I don't think that Bitcoin can make bank disappear at all. Because right now there are a lot of Banks that are already trusted and also usable to those who have their own company. Because Banks can also do other things than just saving money.

i agree with you that bitcoin will never disappear the bank because we now that bank play very important role in their country and we know that bank controlling the fiat money and if everyone adopt the bitcoin and any local shop accept the bitcoin then i hope bitcoin will down the bank.

Banks will not disappear because of intervention from the government that requires the authorization of financial institutions currently controlled by fiat. Bitcoin is a cutting-edge technology for future projects, if we discuss this for now it will not be suitable, but in the future bitcoin will take the world's financial influence and inevitably banks have to adapt this technology.

And I think that they can also co-exist with one another, remember that this is not some kind of competition and they are actually good with one another, How? Some Bitcoin Wallet Apps have the option to convert your Bitcoin to Fiat straight into your Bank Account which is a convenient way for both. Also we all know that without Fiat, Bitcoin will not be existing right now. Banks are backed up by our government and I don't think they would let something like this happen.

Banks will not disappear, Because there will always be people who will depend on the Bank... because Bank which controlling Fiat. Many people who do not have the ability to use Bitcoin and they are loyal with Fiat.

yes in short term it is not going to disappear banks but in long term when all the people of the world will start using bitcoin, even the backward countries adopt bitcoin may be then it become possible that bank become disappear but I think it is really looking difficult in present time. but in future there at some possibilities about that.