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learner 7
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November 03, 2017, 09:23:58 AM |
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In the near future, banks and bitcoin will go parallel. We need both. I think that in the future we will have these two systems. The banks are also developing and offering many new products.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Faith Joy
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November 03, 2017, 09:31:43 AM |
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I think it may be bank and bitcoin would work together and be fruitful together.Banks in would disappear in the way that they wouldn't function as they do now. But this is only the case if bitcoin becomes a widely accepted currency, and we see worldwide adoption. If a currency still keeps fiat as it's primary currency, then it would need banks. It may work together as one,bitcoin and the bank. |
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Botnake
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November 03, 2017, 11:02:40 AM |
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I really doubt that Bitcoin can make banks disappear, we all know that banks supports our government so its a conflict of interest, both bank and the government won't let it happen, they will either adopt to the circumstances or avoid it as much as they can, though I'm sure that they're going to protect their interest.
Bitcoin will be great as an online payment system but not to dominate and replace banks, that would not happen since we are just living in this world based on the law of the government. What we see now that is a big success is just starting since there are still more rooms to grow for bitcoin but it's necessary that we should be realistic all the time. |
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`abe
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November 03, 2017, 11:06:31 AM |
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This can happen but no one can tell if when. But banks and bitcoin can work together for now. In the future the fittest will stay.
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contecsion
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November 03, 2017, 11:17:13 AM |
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This may happen in the future when bitcoin becomes the main means of exchange in commercial activities. If the bitcoin rate increases, then the bitcoin transaction will be extremely hot. The bank is likely to close.
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wurth
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Blockchain Just Entered The Real World
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November 03, 2017, 01:35:06 PM |
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I think it may be bank and bitcoin would work together and be fruitful together.Banks in would disappear in the way that they wouldn't function as they do now. But this is only the case if bitcoin becomes a widely accepted currency, and we see worldwide adoption. If a currency still keeps fiat as it's primary currency, then it would need banks. It may work together as one,bitcoin and the bank. Unless Bitcoin become an asset instead of become a payment method, I think the banking system and the Bitcoin system will never have chance to cooperate. You knew the Bitcoin function are helping many business evade tax and the government always want to kill it, but if they kill Bitcoin, the Bitcoin user will use it for private transaction and that future will be worse than currently. |
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Bennie1089
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November 03, 2017, 01:51:55 PM |
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I think you're thinking too far, bank's primal function is lender/money holder, Bitcoin, no matter how big it will get, is just a currency, a financial instrument. The role & functions of banks will never be replaced or if any, it'll take another form.
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VeronAncient
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November 03, 2017, 01:58:43 PM |
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bitcoin cant make bank gone. bank have other the advantages that dont have in bitcoin. and we need bank to save our money  we take profit in bitcoin, and bank get profit from us. they are connected. |
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Afnan_faizah
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November 03, 2017, 02:05:20 PM |
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I think you're thinking too far, bank's primal function is lender/money holder, Bitcoin, no matter how big it will get, is just a currency, a financial instrument. The role & functions of banks will never be replaced or if any, it'll take another form.
Yes, bitcoin and paper money is financial instrument, paper money is also called banknotes, in the past people entrust their gold to bank to get banknotes, so paper money should be a representation of gold. paper money is bank products, the conclusion is when people don't use paper money anymore, bank will not be used then dissapear, or bank will change it function. People of some countries are leave their national currency to bitcoin because it give more benefit for them. So there is still a probability about bank to disappear. |
Sepertinya sudah waktunya, kalau menurut saya lebih baik lump sum sekarang. 30/01/2024.
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conected
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November 03, 2017, 03:33:37 PM |
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I really doubt that Bitcoin can make banks disappear, we all know that banks supports our government so its a conflict of interest, both bank and the government won't let it happen, they will either adopt to the circumstances or avoid it as much as they can, though I'm sure that they're going to protect their interest.
Bitcoin will be great as an online payment system but not to dominate and replace banks, that would not happen since we are just living in this world based on the law of the government. What we see now that is a big success is just starting since there are still more rooms to grow for bitcoin but it's necessary that we should be realistic all the time. - Yeah, bitcoin will not be able to replace the bank or make the bank disappear because first the government does not accept that happening, they can not allow a virtual currency that they can not manage, replace their bank. In addition, bitcoin is not so popular, even in the future if bitcoin becomes popular, many people still will not trust the bitcoin, they only believe in cash, and want to convert bitcoin into cash, we need bank, bitcoin just helps the bank to have more improvement and development in the future, it can not make the bank disappear, Bitcoin needs banks |
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ayeshajum07
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November 03, 2017, 04:25:03 PM |
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It is impossible that the bank will vanish.
Some instances it can be change,develop and adopt new beneficial method.
Possible for other banks to work with Bitcoin.
People needs bank as we need money as well.
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ahtremblay
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Live Stars - Adult Streaming Platform
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November 03, 2017, 04:57:09 PM |
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Although Cryptocurrency has many advantages, I don't think Bitcoin can make Banks disappear. Because, Banks have many important roles in the economy, a payment intermediary, a lender, a tool for adjusting the economic policy of the government...
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Flodemaga
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November 03, 2017, 05:21:57 PM |
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Even knowing bitcoin potencial is huge, even allowing anybody to replace any third companie between buyer and seller, i doubt it will replace, since banks are adapting the changes, their digital services are growing, and i doubt it will stop. There is a big cost to keep bitcoin safe and secure, once the mining ends we might have to change the current model into something cheaper, but soo far as mining remains active it wont be a problem.
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F8Gradus
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November 03, 2017, 05:33:43 PM |
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Of course, bitcoins have a significant advantage over banks, but this will not lead to war!
Ability to bypass any sanctions
Despite the high volatility due to the free market, fluctuations in the rate of the Crypto currency may be much less than the fall in the exchange rates of national currencies in the event of political instability in the state, or even a declaration of default. There is no dependence on central banks, local and not only laws, religion, politicians and other attempts to intervene and limit your operations. Including, with the help of sanctions.
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Bell-Crypton
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November 03, 2017, 11:07:00 PM |
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I think, before banks disapper, using bitcoin could lessen bank employees first...... by the time it happens, bank would then appreciate bitcoin...
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Wong Gendheng
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November 03, 2017, 11:28:04 PM |
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I think, before banks disapper, using bitcoin could lessen bank employees first...... by the time it happens, bank would then appreciate bitcoin...
I think banks will never disappear, we all know that banks are government-backed institutions, banks are guaranteed by law, although bitcoin transactions are bigger than banks but I'm sure banks will not accept bitcoin. |
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Shinza
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November 04, 2017, 05:20:51 AM |
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Although bitcoin has many benefits, it replaces money in some activities but it can not replace the bank. Because people make transactions with banks is still safer with bitcoin.
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GOODNESS
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November 04, 2017, 09:09:13 AM |
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Bitcoin can not make banks to disappear, it will only make the banks to diversify. The banking sector have been in existence for many years now, their operations are not only approved by the Government but also approved by the members of the body. The banks have a regulating body called the central banks, so the banks have already gotten a solid foundation so talking of disappearing as a result of an Emerging Bitcoin which though is gaining ground in many counties of the world, but yet to be accepted in some countries,even when accepted by all the countries, bank may key into the Bitcoin Business as well.
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Captain Sneeze
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November 04, 2017, 09:43:08 PM |
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Of course no because bitcoin has its own descriptive and bank also and yet bitcoin is not a threat to banks that may able to make it disappear, because bitcoin is a another way of currency which is digital that can also help in circulating our currency. Bitcoin may not be good at this time yet it is very good in terms of progressions. |
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luigidosado
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November 05, 2017, 03:16:55 AM |
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Bitcoin can compete with the world bank as more and more people use it as a medium for transactions all over the world. Bitcoin is not a threat for banks for they are different but have some similarities. Bank owners and investors won't allow their banks to be bankrupt and once bitcoin has overcome all the means of transactions, I bet they will start to accept bitcoins in order to keep up with the demands of the people. I don't think banks will disappear because the government relies on it to improve the economy and once bitcoin overcomes banks, they will start to ban it.
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