surfinonmyownwavebaby
Full Member
Offline
Activity: 252
Merit: 104
Decentralized Ecosystem for User-Generated Content
|
|
March 02, 2018, 05:34:25 PM |
|
No and that shouldn't be anybodys goal who is involved in this space imo. The reason we don't want that is because we would be no better than the bankers if we made them choose over system over theirs. The beauty of this all is that we will let the world decide what they want, and pretty sure given the two choices they will side with cryptocurrencies and Bitcoin over traditional methods of fiat. This is all granted that we give the knowledge about Bitcoin, because people will only pick it once they understand the history of money and where we are headed with the future of money.
|
|
|
|
whyrqa
|
|
March 02, 2018, 07:35:01 PM |
|
As far as I see, we can not eliminiate banks for now since I can not use the crypto bank card everywhere for now. How can you buy something at papsmoms shop that is only accepting cash? On the other hand these cards are limited that you can use for crypto/mastercards. I hope this will change soon.
are you hoping? But What will it change if already for today banks for crypto currency are created. I do not see any difference between those and other banks.
|
#business #forextrader #bitcoinnews #invest
|
|
|
Wipeout2097
Sr. Member
Offline
Activity: 840
Merit: 255
SportsIcon - Connect With Your Sports Heroes
|
|
March 02, 2018, 09:35:18 PM |
|
It is possible but cant in near future may be it will take long time.Actually traditional bank system have too much paper work and delay in transactions.There is also risk of theft in banking system. While Bitcoin is free from all hurdles it is fast and safe transaction process and people are switching to Bitcoin and it will commonly use the future.
|
|
|
|
babala
Newbie
Offline
Activity: 168
Merit: 0
|
|
March 02, 2018, 09:49:10 PM |
|
Maybe they become competitors but not totally eliminate the banks. Coz we all know that we have world bank that there is a centralized bank all over the world. Banks adopt bitcoin transaction now, Banks have the big role in our society and the money provided by bank to people is necessary as medium of exchange of commodities that they need.
|
|
|
|
Yanisumin
|
|
March 02, 2018, 11:35:49 PM |
|
In my opinion banks cannot be eliminated,banks are everywhere and most likely the big banks who stores a lot of money and where people entrust their money with, it cannot be eliminated that easily also because most of the people particularly in our country still not into cyptocurrency. If ever it happens that most of the people are into cryptocurreny then banks will think a way to stay in the line of business. There are many intelligent people behind those banks thinking of a good stategy for their business and their market. So for me it is nearly impossible.
We must remember that there are so many platforms (crypto-platforms) that are offering a bank like features, (p2p, decentralized), so this is impossible (because even in crypto, there are what they are calling decentralized banking). And if the blockchain will really make his name all over the top then banks will use this technology too, and they will shift to their own blockchain and thier own cryptocurrencies. I guess we cannot eliminate those banks that are currently operating in different parteof the world. Banks also help us with other transactions. Bitcoin and bank do have a different usage.
And even if they are slowly taking our money, banks have served enough service to people like any other financial institutions. They have earned their reputation through the years when it comes to the financing sector. They can easily changed their technology and they're way and people will always follow them. And they are powerful enough to move the laws.
|
|
|
|
bituperio
Member
Offline
Activity: 208
Merit: 13
TRUSTED CARS ICO
|
|
March 05, 2018, 05:54:46 PM |
|
I think that the banks are the main tool used to inflate the real state business and the share market. They should be limited to more useful purposes than that.
|
|
|
|
Bedebah
|
|
March 05, 2018, 06:33:28 PM |
|
Banks have importance because it also gives a lot to the people. And there is no reason that banks should be eliminated even if they have experiencing decrease the numbers of clients. Banks will always be here specially when we talk about money.
Really, there is no good reason to eliminate the banks, as we know that banks are needed to support business and economic activities, if there are no banks, of course, everyone has trouble keeping or borrowing money.
|
|
|
|
Baser
|
|
March 05, 2018, 07:35:09 PM |
|
It will be slow if it is immediately. It could be like switching from computers to mobile phones. It takes a long time and a revolution. We are the ones who will make this revolution.
|
|
|
|
lebrone08
Jr. Member
Offline
Activity: 142
Merit: 2
|
|
March 06, 2018, 04:53:22 AM |
|
It is possible but cant in near future may be it will take long time.Actually traditional bank system have too much paper work and delay in transactions.There is also risk of theft in banking system. While Bitcoin is free from all hurdles it is fast and safe transaction process and people are switching to Bitcoin and it will commonly use the future.
for me as long as bitcoin doesn't regulated by the government, bitcoin cannot eliminate banks, if were going to base it in terms of security, banks is more secured to save all your wealth rather than any bitcoin wallet. bank can also control all your transaction and in the event that you made any mistake you can still retrieve everything. unlike bitcoin if you make a mistake you can never reverse it anymore because of being anonymous. bitcoin is good for investment but bank is more reliable in terms of keeping all your wealth.
|
|
|
|
Bosx1ne
|
|
March 06, 2018, 04:58:59 AM |
|
The cryptocurrencies have now man functions in our economy, many people are worrying because they say that banks will be eliminated because of cryptocurrencies. For me it is impossible because banks have also important funtions in our economy and in our society.
|
|
|
|
TitanGEL
|
|
March 06, 2018, 05:09:35 AM |
|
Of course not! The government will not let the cryptocurrencies to eliminate the banks in our society. If the banks will disappear, we will experience many changes in our economy. Banks will not disappear in our economy.
|
|
|
|
GrayFullbuster
|
|
March 09, 2018, 01:39:48 PM |
|
It is not the goal of the cryptocurrencies, banks will exist in this world forever. The banks have important role in our economy, there will big changes if the banks disappear in our economy. The banks is really important financial institutions.
|
|
|
|
bitkanu
|
|
March 09, 2018, 01:44:16 PM |
|
It is not the goal of the cryptocurrencies, banks will exist in this world forever. The banks have important role in our economy, there will big changes if the banks disappear in our economy. The banks is really important financial institutions. So you basically don't know what bitcoin was created, its main purpose is to replace our current monetary system which relying too much on middleman such a bank and giving us absolute control to our own wealth. and I tell you, bitcoin exist to reduce our relying to bank and if possible, eliminate all those, although this thing has failure miserably and it seems that bank is just too strong. Frankly speaking, most of people who uses cryptocurrencies uses bank service as well.
|
|
|
|
alexmuro
Newbie
Offline
Activity: 84
Merit: 0
|
|
March 09, 2018, 02:10:10 PM |
|
Not sure that banks will be totaly eliminated (too much money and too many smart minds are staying behind the bank system) but I'm sure that banks will have to change the way they work. It seem like P2P transactions are pushing banks to make those changes and blockchain is bringing innovations to this sphere.
Yes, I agree with you mate. It is not possible to eliminate all banks around the world since banks plays a vital role on the economic structure of a certain country. The rich people (investors) and its businesses relied more on banks because they found more secure, although slower to transact but already tested for many years.
|
|
|
|
conected
|
|
March 09, 2018, 03:54:01 PM |
|
It is not the goal of the cryptocurrencies, banks will exist in this world forever. The banks have important role in our economy, there will big changes if the banks disappear in our economy. The banks is really important financial institutions. So you basically don't know what bitcoin was created, its main purpose is to replace our current monetary system which relying too much on middleman such a bank and giving us absolute control to our own wealth. and I tell you, bitcoin exist to reduce our relying to bank and if possible, eliminate all those, although this thing has failure miserably and it seems that bank is just too strong. Frankly speaking, most of people who uses cryptocurrencies uses bank service as well. - The bank has always been a more trusted place than cryptocurrency because it is under the control of the government, and the government is the place to be created to support and develop the lives of people. We will not have too much trouble and risk with the bank, conversely, cryptocurrency is the digital currency with many different founders, safety is not high, many people still worry about security issues, it should be the place to invest, we can clearly see that the bank still has more advantages, eliminating the bank is impossible, it only affects us.
|
|
|
|
Jannatul Shefa
Member
Offline
Activity: 312
Merit: 11
|
|
March 15, 2018, 02:14:23 AM |
|
No.I don'tthink its possible because a lot of people depend on bank still.If we try to eliminate bank. Surely it will badly effect on us.So, we can't totally eliminate bitcoin.
|
|
|
|
almaerk08
Newbie
Offline
Activity: 112
Merit: 0
|
|
March 15, 2018, 09:18:18 AM |
|
No.I don'tthink its possible because a lot of people depend on bank still.If we try to eliminate bank. Surely it will badly effect on us.So, we can't totally eliminate bitcoin.
I dont think it is impossible to eliminate banks. Even if we have crypto, still people trust banks and they feel that bank is trustworthy because banks are protected by the government. So if something bad happens to a bank, they still can have insurance that could get their money back.
|
|
|
|
Ismat Morshed
Jr. Member
Offline
Activity: 238
Merit: 1
|
|
March 15, 2018, 09:38:12 AM |
|
It is impossible to eliminate banks.A lot of people depend on bank.The bank has always been a more trusted place than cryptocurrency because it is under the control of the government, and the government is the place to be created to support and develop the lives of people.The banks have important role in our economy, there will big changes if the banks disappear in our economy.
|
|
|
|
ChConcept
Jr. Member
Offline
Activity: 196
Merit: 1
The Experience Layer of the Decentralized Internet
|
|
March 15, 2018, 10:31:17 AM |
|
Bitcoin is growing I know but I don't think there will ever be a day that all banks will totally be eliminated because of it. The banks transactions maybe reduced due to Bitcoin but it will not come to a point that we will no longer need banks. Banks are still there for other transactions especially for fiat money, we all know that not all people are into digital currency, plus these banks are backed up by big corporations and even the government so they will never let that happen.
|
╔═◼ CARDSTACK ◼═╗ The Experience Layer of the Decentralized Internet (https://cardstack.com/)
|
|
|
wewe123
Member
Offline
Activity: 322
Merit: 11
🚀🚀 ATHERO.IO 🚀🚀
|
|
March 15, 2018, 03:51:34 PM |
|
Banks has its own business to care of ,not all people will really rely on bitcoin or other cryptocurrency , some people will also trust banking and other will ne on crypto ,so we can not or totally eliminate banks in the world, crypto will circulate around the world while banks stays as usual business.
|
|
|
|
|