Why the Bank would no longer fit for the future?

[romero121]

Wrong, i think bank will adopt blockchain technology and make lots of promotion to prevent users from adopting bitcoin such as discount when use their services and "security" protection from hacker
Or bitcoin will be centralized because mining is dominated by Chinese, blockstream bullshit or LN.

Banks will surely adopt Blockchain technology. Near or in the future bank will continue to provide their services. Already in several countries banks have been under trial for their own Blockchain which might come to effect soon.

[Tanic]

I see one of the main function of a bank is to keep money saved and to give money in rent to people who need it. And if the first function seemed to be repeated by bitcoin, the second one seems to me not. How bitcoin can replace banks in giving kredits case.

[avikz]

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 am stunned by your stupidity. I'm sorry to say this, but banks can't be disappeared just like that and blockchain can't be the future for the banks. Probably the blockchain technology will be adopted by the bank to improve their transactions and other aspects related to banking channel.

But banking system is so deeply rooted in our society, it can't be uprooted very easily. Bitcoin and blockchain is definitely not the replacement for banking system and it will never be.

[Bitcoinsummoner]

Wrong, i think bank will adopt blockchain technology and make lots of promotion to prevent users from adopting bitcoin such as discount when use their services and "security" protection from hacker
Or bitcoin will be centralized because mining is dominated by Chinese, blockstream bullshit or LN.

Banks will surely adopt Blockchain technology. Near or in the future bank will continue to provide their services. Already in several countries banks have been under trial for their own Blockchain which might come to effect soon.

I think banks will not accepted to connect to the blockchain since banks are always doing to protect their customer and they don't want to get fraudulent in bank system.. except for the other banks if there is a new banks related for bitcoin only maybe.. but for those old banks i think they do not want to involve in bitcoin unless if there is a 3rd party company and legal documents that they are running a bitcoin related before banks can connect and trust the owner. .

[coinplus]

How bitcoin can replace banks in giving kredits case.

No, it will be possible. Instead of getting loans from bank, with bitcoins you will be getting opportunity to avail a loan from your neighbor or from your colleague. Yes, peer to peer lending will be highly feasible with bitcoin and it is already happening here in this forum too.

Banks trying to monopoly of all these types of services and business. When we are having our own power we need not to rely on any central banks who will be always targeting us for excess fees and taxes.

[bitbunnny]

It's true that banks are mostly conservative financial institutions focused on their own profit that have caused every single financial crisis in the world. But no Bitcoin not any other virtual currency or something similar will replace banks and finish their existance, this is just not possible.
We can only use Bitcoin as an alternative and force banks at least a one tiny bit to change the behaviour to their clients.

[sportis]

 --snip--

i also agree with you banks are not going to disappear, but their importance and their uses will decrease with the passage of time. because in future most of the people will turn to bitcoin and few people will be using fiat but i think still it will take a lot of time.

      This would be the most desirable but I am afraid that is not going to happen in near future. Let me to clarify this for you. When we say fiat we don't mean only paper money. Fiat is a currency established as money by government regulation or law https://en.wikipedia.org/wiki/Fiat_money. That is using your credit/debit card is fiat too. Therefore banks using the corresponding governments has decide to restrict paper money and go to a cashless world. That means people will transact using checks, web banking and plastic cards. More over some countries already start to experience in a form of centralized blockchain technology creating their digital coins https://www.ft.com/content/f15d3ab6-750d-11e6-bf48-b372cdb1043a. Then is matter of time to see who will dominate.

[richardsNY]

It's true that banks are mostly conservative financial institutions focused on their own profit that have caused every single financial crisis in the world. But no Bitcoin not any other virtual currency or something similar will replace banks and finish their existance, this is just not possible.
We can only use Bitcoin as an alternative and force banks at least a one tiny bit to change the behaviour to their clients.

Beside the fact that Bitcoin doesn't stand a chance when it comes to replacing banks and other financial institutions, there is absolutely no need to do so. Both can work alongside each other without any problems. Look right now, I am making use of both at the same time and I really like that. It gives me best of both worlds. People make themselves choose while there is no point in doing so. If you want to use banks, then fine. If you want to use Bitcoin, then fine. If you use both, then fine. People make problems out of nothing.

[Doamader]

I doubt bitcoin can replace banks, and it wont happen, its more easy to banks to accept crypto currencies accounts, legalizing the trading of them and making the traders as well the crypto world. Banks wont be replaced anytime soon be sure of that, banks are already adopting the new era of digital stuffs step by step.

[MMA]

Wrong, i think bank will adopt blockchain technology and make lots of promotion to prevent users from adopting bitcoin such as discount when use their services and "security" protection from hacker
Or bitcoin will be centralized because mining is dominated by Chinese, blockstream bullshit or LN.

Banks will surely adopt Blockchain technology. Near or in the future bank will continue to provide their services. Already in several countries banks have been under trial for their own Blockchain which might come to effect soon.

yes i also agree with you. that banks are not going to be useless, i think that when banks will realize the importance of bitcoin then they will start accepting bitcoins and will setup some special system for it.

[andrei56]

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

This is too optimistic if banks see a great majority of people begin to use bitcoin then they will begin to offer their services and since they have a lot of power, economical and political then they could get a great market share very rapidly.

[jeraldskie11]

the bank would no longer fit for the future cause there are wallets there who always updating and improving by the owner. Even the bank has secure and reliable also the wallets the same too. So the bank is useless even if they approve it.

[socks435]

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

This is too optimistic if banks see a great majority of people begin to use bitcoin then they will begin to offer their services and since they have a lot of power, economical and political then they could get a great market share very rapidly.

Banks still remain because it is not online and i think much safe if you use banks thank bitcoin unlike right now they are using coinbase many people are complaining about fraudulent buying in bitcoin treding on reddit and i think they can just good as partner for exchanging money or for transferring bitcoin if they are always using a 3rd party..

[Yakamoto]

Banks will always be a feature within modern economies for one reason or another. It's not like they'll all magically disappear and never come back even if everyone changes their main currency to Bitcoin. They will always store stuff, lend money, and earn minute amounts of interest on the money they do go and loan out. Bitcoin just makes it a lot harder for them to do something like that.

[dhampir-D]

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.

The fact that banks have been here for a long time is actually a competitive advantage, but people tend to look for easier and cheaper solutions to get things done, and with the use of the internet, many people will know that Bitcoin is capable to simplify things and solve many problems, making the economy a better economy.

[ethereumhunter]

if there are any mass adoption from the most country and people don't believe with banks, then i think bank would no longer fit for the future, because people wants to make their account safe and secure and i think people can not accepted if their money can not grow and its because of the higher fee that increase from time to time and they should pay the fee every month.

[Zadicar]

Banks wont disappear no matter what how blockchain and online payments would evolve and government would really plan to create their own which banks are involve for sure. Banks would still remain and its impossible to be useless in my own view as long theres government they wont do such thing to remove them.

[BitcoinHodler]

everything evolves, and banks and their system that they use today will also evolve in the future. the same way that banking system is not the same as 20 years ago, it simply won't be the same in 20 years in the future either. we may even see them integrate with bitcoin.

[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.

The fact that banks have been here for a long time is actually a competitive advantage, but people tend to look for easier and cheaper solutions to get things done, and with the use of the internet, many people will know that Bitcoin is capable to simplify things and solve many problems, making the economy a better economy.

Yes I agree with you, there are people who are always looking for new things and ready to take the risk and we are those kinds of people. But still, there are people who like old style and don't prefer changes, especially if those changes are life-changing ones. And it's hard to persuade them to try out new things, it's even trickier when bitcoin is considered dangerous in a minority of people.

[carlerha]

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.

The fact that banks have been here for a long time is actually a competitive advantage, but people tend to look for easier and cheaper solutions to get things done, and with the use of the internet, many people will know that Bitcoin is capable to simplify things and solve many problems, making the economy a better economy.

Yes I agree with you, there are people who are always looking for new things and ready to take the risk and we are those kinds of people. But still, there are people who like old style and don't prefer changes, especially if those changes are life-changing ones. And it's hard to persuade them to try out new things, it's even trickier when bitcoin is considered dangerous in a minority of people.

to me i think those people who are taking chance and risk are always succeeded, but if you will not take the chance you cannot to any thing, for example if i want to invest my bitcoin in trading alt coin, then i have to take risk and select a coin which i consider best for trading, and may be the price of altcoin goes up and can give me good profit  but if i am not taking the chance and risk i cannot make money in trading.