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Author Topic: Can Bitcoin make Banks disappear?  (Read 427559 times)
bleachX
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July 31, 2017, 07:46:49 PM
 #4761

Banks will not disappear in the presence bitcoin, although market capitalization bitcoin is enormous.

 
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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July 31, 2017, 07:52:53 PM
 #4762

I don't know if Bitcoin can make banks dissapear but it's hard even imagine how much peole can loose their works...
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August 01, 2017, 04:04:35 PM
 #4763

It is only the perception of some people, in fact the local bank its use evenly from the society up to the community down. So it would be difficult for bitcoin to get rid of local banks. Maybe if it works together can.
yes it is very true that the roots of the local banks are very strong but the bitcoin currency is being very famous now and the users of the bitcoin are also increasing but I hope soon banks will accept bitcoin but for this the most important step is to make bitcoin legalize and today it is possible just a little effort is required you will be able to make bitcoin most wanted currency then it will be possible for bitcoin to make banks disappear at some areas. 
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August 01, 2017, 04:53:02 PM
 #4764

I don't think bitcoin can make bank disappear. Because there are some things that bitcoin can't do, but bank can.
Also i don't know why but some people might think that bank service is easier than bitcoin. Also, bank is more universal than bitcoin. Bitcoin is still unknown for many people, especially for those who don't understand technology.
I myself don't want bank to disappear, although i love bitcoin as well.

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August 01, 2017, 05:07:32 PM
 #4765

It is only the perception of some people, in fact the local bank its use evenly from the society up to the community down. So it would be difficult for bitcoin to get rid of local banks. Maybe if it works together can.

I agree with you except us without getting rid of a long-standing local bank, but we are working with a local bank to let it be just like a local bank that has long been a community user
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August 01, 2017, 05:28:33 PM
 #4766

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?



How many banks have disappeared since 2007? I think you have your answer. Banks are in the terminal phase.  Grin

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August 11, 2017, 07:54:32 PM
 #4767

I don't think bitcoin can make bank disappear. Because there are some things that bitcoin can't do, but bank can.
Also i don't know why but some people might think that bank service is easier than bitcoin. Also, bank is more universal than bitcoin. Bitcoin is still unknown for many people, especially for those who don't understand technology.
I myself don't want bank to disappear, although i love bitcoin as well.

banks and bitcoin can go hand in hand together and not necessarily make the other one disappear. We can just use the bank for our day to day offline transactions while bitcoin for online and other transactions that need some anonymity.
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August 11, 2017, 10:26:08 PM
 #4768

I don't think bitcoin can make bank disappear. Because there are some things that bitcoin can't do, but bank can.
Also i don't know why but some people might think that bank service is easier than bitcoin. Also, bank is more universal than bitcoin. Bitcoin is still unknown for many people, especially for those who don't understand technology.
I myself don't want bank to disappear, although i love bitcoin as well.

banks and bitcoin can go hand in hand together and not necessarily make the other one disappear. We can just use the bank for our day to day offline transactions while bitcoin for online and other transactions that need some anonymity.
that is right that both will coexist and that reason being this is that bitcoin users are very few and  i think it wil take a lot of time may be decases when all the people of the world start using bitcoin.
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August 11, 2017, 11:00:34 PM
 #4769

Bank will not disappear because the root of all our activities to earn is because of money. Maybe a bank that will receive a bitcoins fund will be possible then it should be called bitcoin Bank.
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August 14, 2017, 02:44:52 PM
 #4770

Bank will not disappear because the root of all our activities to earn is because of money. Maybe a bank that will receive a bitcoins fund will be possible then it should be called bitcoin Bank.

The latter might occur but not really to disappear the banks. Bitcoin and bank can go hand in hand - but when that time happens, of course, bitcoin will already be regulated and that is not good because it defeats the really purpose of bitcoin where there are freedom and no regulation from the government needed.
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August 14, 2017, 02:48:56 PM
 #4771

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?




No,I don't think so. Yes,Bitcoin is emerging together with its usefulness and adcantages but it could never replace banks. Bitcoin system is still unstable,it might collappse any tym
Images21
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August 14, 2017, 02:54:42 PM
 #4772

Banks are as deeply rooted as shit. They are controlling the world in a way. They cannot easily be removed from their spot. Bitcoin is still a young and crawling child as compared to the old and hard banking system and influence. But the two are not necessarily enemies. They will have to find a common ground.

 
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August 14, 2017, 02:58:49 PM
 #4773

I think bank will still there because bank got many function for us . Loan , contract or insurance maybe still give a way for bank

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August 14, 2017, 03:03:32 PM
 #4774

Bank will not disappear because the root of all our activities to earn is because of money. Maybe a bank that will receive a bitcoins fund will be possible then it should be called bitcoin Bank.
Yes, it doesn't easy to make Bank disappear. Bank has existed for a long time and Bank is used by people all over the world. For sure that it bring trusted to people because it belongs to government. Therefore, I don't think Bitcoin can make Bank disappear.
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August 14, 2017, 03:24:49 PM
 #4775

I think bank will still there because bank got many function for us . Loan , contract or insurance maybe still give a way for bank

That is not a function but a way of people so they can earn more money. Banks will never dissapear, it may dissapear in a long long time but for now, bitcoin is ought to stay.
Also, not all people will be using bitcoin but will make a way to earn them.
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August 14, 2017, 03:28:57 PM
 #4776

No this is not possible because the banks will always exist in one form or another. That is how money gets transmitted.
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August 14, 2017, 04:14:32 PM
 #4777

Bank will not disappear because the root of all our activities to earn is because of money. Maybe a bank that will receive a bitcoins fund will be possible then it should be called bitcoin Bank.
BAnk will never recieve bitcoin and only stupid people deposit their bitcoin into bank. Bank is controlled by the centralized system while bitcoin is dencentralized. Therefore, if you are a true bitcoiner, never ever bring your bitcoin into any bank. ONly we are the one who can control our own money


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August 14, 2017, 04:17:47 PM
 #4778

I think that the banks will find some way to get in on this with their own blockchain technology

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August 14, 2017, 04:35:15 PM
 #4779

Bank will not disappear because the root of all our activities to earn is because of money. Maybe a bank that will receive a bitcoins fund will be possible then it should be called bitcoin Bank.
Yes, it doesn't easy to make Bank disappear. Bank has existed for a long time and Bank is used by people all over the world. For sure that it bring trusted to people because it belongs to government. Therefore, I don't think Bitcoin can make Bank disappear.

Although Bitcoin can't make Bank disappear, but change the thought and the system banking of national banking or even international banking is possible. The technology blockchain of cryptocurrency really a revolution for change the world's.

Time off to sleep ... ( ̄︶ ̄)~
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August 14, 2017, 04:40:14 PM
 #4780

It seems that experts say that Bitcoin 'Here to Stay,' But Banks Could Disappear.


"TheStreet: How do you think FinTech will impact the way banks operate?

Frank Schwab: Banks either react on, or they will disappear. Anyway, the consolidation of the banking industry accelerates as the behaviour of people changes. Some banks will benefit from [FinTech], some will be pushed to the back end, and some will disappear."
http://www.thestreet.com/story/13419089/1/bitcoin-here-to-stay-but-banks-could-disappear-says-fintech-expert.html

What's your read on that?


Not a chance,banks are financial back bones of every country and do you think that 21 million bitcoins will be sufficient enough for all the countries. There are more banks than bitcoin,so imagine how much money banks will be possessing , so unless and until something huge comes up banks are going to exist and you or I can't help it.


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