Can Bitcoin make Banks disappear?

[flag39]

Banks work on fiat currency playing with dept and loans. Cryptocurrencies are commodities like gold silver oil etc. The price of commodities is only regulated by Bid/Ask ratio.  Banks will be here to use the technology to their advantage.

[Itjoker]

This is impossible, because people need money that can be touched (fiat), and banks work with such money.

[expertpc]

The use of the bitcoin only reduces the value of the transaction to the banks but the banks could not make disappear, the banks already hundreds of years and proved to be a part of human life.

Yes you right, there Some banks that lose transaction from fintech industries because bitcoin is being new choice that more practical and has lower fee.

[wahb]

No this is not possible because the banks will always exist in one form or another. That is how money gets transmitted.

i think it is possible but not so soon, i think it will take a lot of time, and it will only possible when all the people will start using bitcoin as currency. buti i think still a very little number of people know about bitcoin while majority of people do not have any idea about it. i think that when such people will start using bitcoin then it will surely become possible that banks will disappear.

[ali50]

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.

Banks do not controlling world. Transcontinental corporations control the world

[nexus99]

I don't think that banks will go away, no. There will always be people that are interested in handling fiat. And not only that, there will always be people that need loans and mortgages and this kind of thing

[congtuan001122asd]

I think banks won't disappear but if banks want to develop strongly, its could combine with bitcoin. In the future, bitcoin will become very popular.

[SIHIN]

I think it can happen.  Nothing is impossible.
Now we just waiting for the momen bitcoin make a bank.
Sooner or later bitcoin can create a bank

[Klausi]

I think it can happen.  Nothing is impossible.
Now we just waiting for the momen bitcoin make a bank.
Sooner or later bitcoin can create a bank

There might be a chance. Nowadays,banks are getting or having low profits from customers who save their money with a low interest monthly. Maybe that's one of the reasons why they are attacking bitcoin because the competency arises even if it's in a discrete way but they can trace any marks. They can see that many are investing to bitcoin because the market in banks are decreasing.

[TIDOVEE]

I don't think bitcoin aim is to make bank disappear. There are still a lot of bank effect that bitcoin may not adopt. more so, bitcoin is a currency not a bank. At least, banks will be left for  the old and illiterates that may not be able to operate bitcoin involving devices.

[Gabrieelle]

I don't think bitcoin aim is to make bank disappear. There are still a lot of bank effect that bitcoin may not adopt. more so, bitcoin is a currency not a bank. At least, banks will be left for  the old and illiterates that may not be able to operate bitcoin involving devices.

Yeah I'm with you, I think bitcoin is more than that. Banks will always be there because there will always be people who are used to using banks because it is where they feel safe. It really depends on how fast everyone can adopt these kind of changes.

[bitcoinmasterlord]

I don't think bitcoin aim is to make bank disappear. There are still a lot of bank effect that bitcoin may not adopt. more so, bitcoin is a currency not a bank. At least, banks will be left for  the old and illiterates that may not be able to operate bitcoin involving devices.

Yeah I'm with you, I think bitcoin is more than that. Banks will always be there because there will always be people who are used to using banks because it is where they feel safe. It really depends on how fast everyone can adopt these kind of changes.

We can make anyone to adopt any rule in this world. But the single person can not change any rule if the governament agree this then they can make a change. I agree it will affect to uneducated people, but then only they will learn how to use digital transaction. Otherwise, they will never and ever try digital transaction. But this is a horrible decision for govt I think no govt will take this decision.

[cybersofts]

I don't think bitcoins would make banks disappear completely rather make them less important in the future, because government owned the banks.
Governments made their money through these banks and Government will hold on to them until the end of time. Without banks there will be no "central bank" in any country. Government gave loans to the banks from "Central Bank", so that the banks can give it to the masses with high interest. Banks are government pets, so they're both milking the masses. And also People pay government bills through banks where they'll get teller or receipt as a proof of payment from bank. How do you think this would be implemented with the government, anyway???    

[DreamweaverVCC]

Theres always a need for Fiat imo I don't think bitcoin will make banks dissapear but banks adopting to bitcoin

[8Habits]

I don't think bitcoins would make banks disappear completely rather make them less important in the future, because government owned the banks.
Governments made their money through these banks and Government will hold on to them until the end of time. Without banks there will be no "central bank" in any country. Government gave loans to the banks from "Central Bank", so that the banks can give it to the masses with high interest. Banks are government pets, so they're both milking the masses. And also People pay government bills through banks where they'll get teller or receipt as a proof of payment from bank. How do you think this would be implemented with the government, anyway???    

fiat is regulated by the government and that is what it makes somehow safeguarded and already became an institution. Without fiat money, government will be having hard time to control its economy and may lead to chaos. However, the emerging of bitcoin is just an alternative for people to use and invest with it and not necessarily replace the banks..

[xenomorphe1]

We still need banks to exchange are Bitcoin with flat currency. But maybe one day everything will be done with cryptocurrencies. But Banks and States won't like the fact that they won't be able to control how much money a person have. The Banks are trying to make us use our smartphone to buy things.
They want to control the big data. So they can sell there customers data.
The only thing which is not safe with Bitcoin is that you need to secure your wallet. If you lost it, you lose everything. So it is better to not put everything on Bitcoin.
I don't think Banks will disappear. And people are too used to flat currency.
But i think credit cards will disappear. They won't be useful.

[rodel caling]

oh very hard question i think have a possibilities the banks disappear in the circulation if the world recognized the decentralized crypto currencies as the currency (bitcoin) thats only my opinion or maybe the government of each coutry decide the 50% currency from bitcoin 50% from local currency, please comment its become working sooner.

[bitgolden]

I think it can happen.  Nothing is impossible.
Now we just waiting for the momen bitcoin make a bank.
Sooner or later bitcoin can create a bank

There might be a chance. Nowadays,banks are getting or having low profits from customers who save their money with a low interest monthly. Maybe that's one of the reasons why they are attacking bitcoin because the competency arises even if it's in a discrete way but they can trace any marks. They can see that many are investing to bitcoin because the market in banks are decreasing.

Eehm…are you a banker? Who told you that banks are getting low profits from account holders ?

Bitcoin can’t make banks disappear…even if it does has a chance, it will be a 20% chance. But bank has about 60% or more chances. Lastly, you should know that Bitcoin is likely to hit its limit anything, which will lead to a big sellout and all money withdrawn to banks or other Cryptos (altcoins.)

[bitcoinVPSD]

I think the banks will not go away. If it goes away, a large amount of traditional money will go to where. So the government will never let the banks disappear and instead the banks will accept bitcoin. People can send and withdraw bitcoin in the bank. So I think bitcoin can not make the bank disappear that it will together develop

[8Habits]

I think the banks will not go away. If it goes away, a large amount of traditional money will go to where. So the government will never let the banks disappear and instead the banks will accept bitcoin. People can send and withdraw bitcoin in the bank. So I think bitcoin can not make the bank disappear that it will together develop

Certainly. Because bank makes every commercial transaction and savings in order. They are well regulated to safeguard depositors and investors - if banks will disappear, there will be chaos and when that chaos happens, bitcoin is the ideal thing to have but it is really far from happening.