Why the Bank would no longer fit for the future?

[cinchin]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

[1714856556]

1714856556

[franky1]

and yet core devs think LN hubs (bank2.0/paypal2.0) is the future of bitcoin

imagine your real life. what is the main retailer you use the most often.. using LN will make that retailer becomes the new "BANK" where you will need their signoff on all fund movement requests.

EG
soon starbucks LN hub will be the bank of the future. requiring starbucks to authorise all transactions while starbucks hops the 'funds' to other entities. starbucks will put a 3-5day CLTV on settlements and CSV revoke chargebacks. and administrative penalties. EG not having enough fund available in the LN.(overdraft fee)

onchain should be the only solution. otherwise bitcoin is not solving anything, but just pushing fund managers into commercial hands

[pinoycash]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

Blockchain probably will be peoples universal bank, since coinbase always make it hard to its members especially the US citizen, Funding limitation will limit its further growth

[numismatist]

and yet core devs think LN hubs (bank2.0/paypal2.0) is the future of bitcoin

soon starbucks LN hub will be the bank of the future. requiring starbucks to authorise all transactions while starbucks hops the 'funds' to other entities

onchain should be the only solution. otherwise bitcoin is not solving anything, but just pushing fnd managers into commercial hands

Exactly like that. There isn't a single soundfull promise left from Bitcoin. It's neither decentralized (miningpools do control it) nor funny anonymous internet money (ask DreadPirateRoberts about that) nor fit for ecommerce on a grand scale (transaction wise). Even the Mining/Production has left the user's hands.
And now bank2.0/paypal2.0 incomming

[Weatherby]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

The proposition you made is really good but you are not living in the future and the ground reality is that half the population does have access to internet connection and majority of the population are deprived of the basic needs and now you are talking about a digital world, its funny.

[mobnepal]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

I don't think banks will easily be replaced by anything as banking system is with us from centuries and talking about blockchain & coinbase bitcoin wallet there is no doubt they are the top bitcoin web wallet right now but we can't assume them to be alternative for normal banks.

Banks may adopt blockchain technology in future as you can see lots of banks are researching on blockchain technology right now to enable them in their banking system. However bitcoin may not be able to replace banks within next few decades for sure.

[lol3c]

We can not make any exact prediction for our future although many experts have claimed that Banks may disappear. The bank, in general, is still the useful centralized system which makes transactions in this world run easier. However, cryptos, which is the new invention of humankind, is not suitable for our bank system. There are many visionary for our future and all we can do now is to believe good things will happen to our digital currencies

[Gilliam]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

It's fine that you are a 100% bitcoin enthusiast but you should never be blinded by some facts in the reality. Take my word it will never happen.

Rather than replacing, why just let the blockchain technology be added to give comfortability in financial transaction today? Two heads are better than one.

[VeneVici]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

I don't think banks will easily be replaced by anything as banking system is with us from centuries and talking about blockchain & coinbase bitcoin wallet there is no doubt they are the top bitcoin web wallet right now but we can't assume them to be alternative for normal banks.

Banks may adopt blockchain technology in future as you can see lots of banks are researching on blockchain technology right now to enable them in their banking system. However bitcoin may not be able to replace banks within next few decades for sure.

The only way banks could get replaced is if the system gets shut down and a new one would come up. But I don't think Bitcoin would replace them, because it's untraceable. Unless a new currency that has already been prepared for this scenario is ready, it cannot happen.

[calkob]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

I cant see them dissappering, they will just change to fit the market they are presented with, which i what makes them dangerous to be honest.  they will use the system of the time to try and make money and control it.

 i have no doubt that once the banks really twig on to bitcoin they will try to take it over which will drive the price to new highs.  they will fail thankfully

[Catmony]

Banks not suitable for future

We can't know how bank gonna operate in future so it will be quite hard to say banks will not be suitable for future. Banks will surely keep upgrading themselves with new and better technology in coming days to remain reliable.

But Bitcoin may take large portion of world's financial transaction in future with increasing demand and adoption it is getting right now. I should admit that for me bitcoin is better than banks.

[Blitzboy]

Well nothing is predictable especially when it comes to the future, so we can't say anything about a few years later from now. And banks have been existing for decades now, their existence can be seen as one of the first sign of world's economy growth and we still can't deny the benefits of banks in some particular cases, so banks won't let bitcoin take over that easy.

[rizkyhiw]

Banks not suitable for future

We can't know how bank gonna operate in future so it will be quite hard to say banks will not be suitable for future. Banks will surely keep upgrading themselves with new and better technology in coming days to remain reliable.

But Bitcoin may take large portion of world's financial transaction in future with increasing demand and adoption it is getting right now. I should admit that for me bitcoin is better than banks.

i just can wondering if banks use blockchain technology
so nothing have to go dissapear or replaced , but collaborated
banks is still better than bitcoin at least for now
but i put my faith on them for the future of money.

[I Am Hero]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

coinbase is a bank

and besides as long as we are using fiat, the banks will exist and we are using fiat for all the future we can see.

[avatar_kiyoshi]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

No, there's no way to replace bank, unless bank use blockchain technology, but there's no decentralization will implement, no. The government will always want to control your life in many ways.
Any country currency will turn into digital form in the future I think.

[icecube45]

I think bank will not disappear. I think the bank will continue to follow the development to be able to get more consumers. The bank also still be choice of many people because the bank not only to save money and transactions, but there are others such loan money. Wallet such as blockchain only as an alternative as to facilitate the transaction.

[Capradina]

I would argue that it all will never happen. Because the Bank is the financial center of the country, if the Bank is missing then everything would also be messy and missing. Indeed it is possible that in the future the Bank will disappear, but missing from this word is because banks have already changed their form and functionality. So that in the future the bank only received a few reports and can't control all the money held by all citizens. For now we can store safely and could definitely give you an advantage
 

[iqlimasyadiqa]

I think in the future, banks will dissappear, Wallet online Blockchain or Coinbase will replace Banks, we can look forward to a world in the use of virtual currency and transaction technology of Blockchain, Banks not suitable for future

it is the hope of all people today. especially those people who have been using bitcoin and feel the benefits. but in fact it would be difficult to happen, because it requires a legal regulation. especially a regulation made by the government of a country. when it has had a clear legal powers it can develop into a bitcoin BANK.

[Farma]

many people say that the bank no longer fit for future storage because it provides benefits that are not too much. but, I feel it is still an option for people to save money today. I think the defense is owned by bitcoin is still better, in addition, bank guarantees 100% refund if someday there is a problem. if bitcoin able to have such facilities, then I'm sure the banks are no longer needed for the future.

[kiddy123]

It's depend on your country. Some country can accept but the other countries aren't.