Can Bitcoin make Banks disappear?

[soll-moll]

BTC cannot challenge the status of Banks, so Banks will not disappear.And BTC is no longer able to replace every country's currency, which is a new virtual currency.In the future, the development of virtual currencies should continue to grow.

[nightfury]

That is unlikely. I think bitcoin can not make the bank disappear. The bank has many benefits mk bitcioin does not have. Bitcoin only thrives in a short time, it's not popular yet, there are still a lot of people who do not know bitcoin.

Yes and there still countries that are not yet connected in the cyberworld and some countries are banning cryptos. Bitcoin has also a drawback when it comes to transaction unlike fiat that you deposited in the bank wherein you can still make a transaction even if it's offline. If only these problems can be resolved, i think there is a big possibility that Bitcoin can make Banks obsolete, thus making bitcoin as the international currency.

[Pattart]

yes, Bitcoin can beat Banks and make all banks disappear. Bitcoin systems is more powerful than banks and also provides more facility during BTC transactions. So people love more BTC than banks.

in my opinion, BANK can not be vanished by bitcoin. we know all that the BANK is controlled by a government, and if something bad happens to the BANK, then the government will definitely respond. while bitcoin, this is not controllable, if BANK is replaced with bitcoin, who will be responsible if something bad happens to bitcoin !!!

First the government will definitely maintain the fiat to become the main currency and fiat will require banks for transactions and circulation. therefore any conditions of bitcoin in the future. although bitcoin becomes very popular and widely used though it will not make bank disappear. we will not know what will happen in the future or maybe the bank started to adopt bitcoin? its possible right?

[lanzkis]

Maybe it is not possible now,banks are afraiding about the bitcoins.in our country government fear about bitcoin and want to regulate.bitcoin is better than bank,it is useful for online transactions,low transaction charges.bitcoin is good investment plan.

[mbm2018]

Definitely no. Banks will change for what have happen.

[swscowods]

Lightning Network is coming and that has these things the development team is trying to
sell us as hubs but they are banks and will be charging us fees

https://bitcointalk.org/index.php?topic=2680315.new#new

What again was you saying about banks disappearing because they will be
multiplying like rabbits if you ask me and the BTC development team will
be running them and calling themselves miners

$45 just to process 250 bytes of data is a total joke but maybe a few more
flashing lights and extra buttons on the slot machine will make you all think
that the chances of winning has increased even if it's going down.

If the governments realize this thing that bitcoin can be used in replace of paper money, then there is a possibility of this thing that the existence of banks remain no more. Banks are only there in this world just because of paper money. If there will be no paper money left, then there will be no point of having banks in this world. Things are changing and modern world can make banks disappear.

[emondot]

and I think not, many are pessimistic Bitcoin will be able to shift the conventional currency both local and global level. The reason Bitcoin has a problem because it has no underscores and is not centered. In addition, Bitcoin also does not have a deposit and credit mechanism like any other currency.

[sean.maley]

Maybe it is not possible now,banks are afraiding about the bitcoins.in our country government fear about bitcoin and want to regulate.bitcoin is better than bank,it is useful for online transactions,low transaction charges.bitcoin is good investment plan.

it is possible but I think banks will adopt to the new system, blockchains.

[Grayy]

First, we all know the banking system is quite bureaucratic. Juxtaposing banks and blockchain technology would tell everyone that the latter is better. We are gradually moving from the bulky system of keeping money to a more technological way of storing money and wealth. When the banking system starts becoming less appealing, bankers may be compelled inadvertently to incorporate bitcoin and the blockchain technology into their system. I foresee banks adapting the blockchain technology like some banks have started adapting mobile money system where telecommunications companies and banks come together to serve customers.

[Aminmon]

I think it's hard to see that there is still a problem with the amount of money transferred and the number of transfers that are processed per second, so the bank doesn't have a attaches great importance to btc.

[haster100]

for bitcoins it is very difficult to make the banks disappear, because the price of bitcoins is still dependent on real currencies, and if the banks disappear because of bitcoins, it will be our new currency, and this is not a good idea, because it does not have a stable price and it can not be the same as fiat.

[DByte]

No this will never happen in my eyes because the fact is that the banks are way too big compared with the bitcoin. I even think it will most likely be the opposite.

[beaver12]

I don't think bitcoin can make banks disappear. Banks would prevent that to happen either by competing with bicoin or adjusting its system to cope with bitcoin. They may even see it as an oppurtunity to upgrade their system.

[Blondy12]

Bitcoin was created to eliminate for all i know. Here in my country bitcoin becomes viral lately around the dail news. And even the central bank in our country was slightly spreading fake news. Maybe they are threaten already with the idea of bitcoin. But i don't think that the bank will completely be vanish. They are scared because it will lessen their investors.

[cava95]

Is not possible to disapper I cannot to see reason for that,bank is the most important financial institution in every country without banks economy cannot work.

[Deepiefface10]

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?

bitcoin not made to be global paying so it can’t make banks disappear.  but blockchain  will change world and can replace banks in future.
when people find other way to send money will stop using banks

[venkateshbk9535]

Bank will never disappear because bank are not illegal bank are working legally but Bitcoin is not legal it is illegal countrys are not accepting Bitcoin. It's impossible.

[EVYFZ]

why do banks disappear? let them be. There will always be people for banks, and some bitcoins.

[imking]

I don’t think so, but will take a long year before it makes bitcoin makes banks disappear if the entire county all over the world accept the bitcoin it will makes banks disappear. IF people still need a paper money, then world need banks.

[guxu219]

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?

Yes,maybe soon bitcoin can make the banks dissapear,if this the legacy of digital currencey  will continue to moves on,until that the time bitcoin become legal and the government make all the transaction in cryptocurrency centralized.because in digital currency you can gain a huge profit compare to the mother bank that you can earn only a penny  cents to your capital,because banks is a long term investment.so  mostly people  will choose bitcoin  investment  because of its given profit compare in the banks, so that the time  banks will constantly faded and totally diminished.

Well banks also give some safety of money over cryptos so killing banks completely is gonna be hard, they’ll definitely coexist I’d say