Can Bitcoin make Banks disappear?

[kokobaba880]

I think banks is doing good jobs many of the economy functions are performed by banks. In the 19th century the banks have very successful industry. in the financial crises the banks and other financial institutions were very badly affected. but from that time to now the banks is providing many good services and other benefits to the economy. There is no clear reason to which we will say that banks will disappear and bitcoin is also a good way to make transaction through out the world.

[1714705041]

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[1714705041]

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[redhondaxrm125]

I think banks is doing good jobs many of the economy functions are performed by banks. In the 19th century the banks have very successful industry. in the financial crises the banks and other financial institutions were very badly affected. but from that time to now the banks is providing many good services and other benefits to the economy. There is no clear reason to which we will say that banks will disappear and bitcoin is also a good way to make transaction through out the world.

I agree. Saying that the banks will disappear because of bitcoins is just so stupid to say. Banks have survived a lot more than bitcoins. And even though a lot of people are using bitcoins already, this doesn't make bitcoins win. Because some goverments are hating on bitcoins amd are siding with banks. Plus all the people that are paid or get benefits on fiat that are spreading nonsense crap about bitcoins, i really can't imagine bitcoins replacing banks anytme soon. Because like humans and other animals, i think banks have the capability also to adapt to changes.

[Mrjitter]

I do not think that bitcoin is so strong that it will change neither in the present nor in the future, since the banks simply will not allow it to be done

[Zaarin]

No that is most impossible. because you can heavens that of course many people are using bitcoin, bt you never know what will happen along further more the value and that is difficulty. i perspective to the fore-looking that there will be more people must use banks because it is really important for them.

[rivercorei]

I think banks are needed and will be for a very long time

[Zooplus]

I do not think that bitcoin is so strong that it will change neither in the present nor in the future, since the banks simply will not allow it to be done

Bitcoin will be one of the new technology that would be big in the future but banks will get stronger and stronger because they are regulated
by the government and the way of transaction which the government would support most are those centralized transaction like the banks are doing.

[safarabela]

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?

banks are unlikely to disappear, because a country needs a bank to manage finances.

[rumexx]

No, Banks can not disappear but will certainly key into blockchain technology to remain relevant and still maintain employment to the populace and pay government taxes.

[Jenggotkadal]

i think bitcoin can't disappear banks.. because most of the people don't know about bitcoin... almost all the people use banks and that won't depends upon educated or uneducated, rich or poor... and most of the people trust only the banks... so after few years bitcoin will be popular but still banks will be there...

[godfredmanu]

Recent development in the bitcoin and altcoins investment has proven that the notion Bitcoins and altcoins might replace Bank is wrong. Can you imagine the transaction fee of buying a cup of coffee of $3.00 and paying a transaction fee of Bitcoins of $7.00. Bitcoins can never make bank disappear until miners stop charging exorbitant fees.

[mapar]

It is not the banks that you should care, it is the people behind them.
And they are the ones that have all the power in every single country.

I really can not imagine any scenario leading those people to be disappeared

[maikelujang]

I think that the banks will not disappear. They may be developed further, change the way of the actual existence but I think that will survive. Always will be need for money in big plans or projects, or even in various situations of everyone of us. May be a place when are offered the needed warranties that something can go without problems and take the needed money (or tools which may replace those). Be this the time of the actual us dollar and be the tomorrow one when maybe will be the day of bitcoin or the cryptos. Even in the probably time of only the cryptos will exist such needs. And even with the most sophisticated crypto in existence will exist always a hacker which can be able to steal or break the security of our personal wallets. Or people which will offer crypto but not security. It is another thing a bank. In all the previous problems...

[Chaki]

I think banks won't disappear.... 

[odranoel]

My opinion is not, no because banks and bitcoin have a different. Banks is a secure savings for a cash while bitcoin is a savings online that waits a bigtime jackpot thats a price is going to high like what happen in a bitcoinworld today that is increases very high.

[abel1337]

Here In my country we can exchange our bitcoin into fiat and one of the choices is putting the fiat in the bank , But the thing is the bank who is supposed us to be claim our fiat is blocking us from getting our fiat because they say that it came from the platform who exchange our bitcoin into fiat. It only happened on some cases like me , Our country do not have the law on making our bitcoin into fiat thats why I think banks here in our country is scared from getting invaded by bitcoin.

[kyucryp]

bitcoin cant make bank disappear. if can, they need bank of bitcoin, many cash, and give all people knowledge about bitcoin. so if there people need money instantly, developer can give money (from bitcoin).
but now, bank can make bitcoin disappear just because they afraid on bitcoin

[JoseJoseJose]

Generally, bank specially World Bank hold the most powerful currency, the cash or money. Even though bitcoin has a great value today and having a big possibility to become bigger in the future, btc cannot make banks disappear. Because for me, you can't withdraw your btc without banks. So every time you earn btc and make it money, you also use banks.

[Criptomen@30]

Banks wont disappear but they have to adapt

[icoDealDeckcom]

The future holds many opportunities not only for Bitcoin but other Alt Coins as well.

With DAO payment platforms, crypto investment funds and B2B Blochchain Loan Apps there wont be much left for traditional banks to do.

[imoet]

I think bitcoin won't make bank disappear. That is one of the impossible thing that can be true. Even now the users and the price of bitcoin increase day by day and many people say that bitcoin would influence the world but the bank will still remain strong. Maybe bank will change their system because bitcoin need bank too. They adapt with the situation in the future because people need it.