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Author Topic: Bitcoin is it the Future of Banking ?  (Read 5819 times)
teamspike911
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August 29, 2018, 07:38:04 PM
 #1121

Nope. Bitcoin is what makes banks an unnecessary structure. So basically do not agree. It can only happen that banks will offer services related to bitcoin ... but even that is not a fact.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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passeroutpass
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August 29, 2018, 07:52:33 PM
 #1122

It is unlikely that bankers will use bitcoin. They will lose a significant part of their profits from this. And to destroy banks is not a simple matter.
tracy2233
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August 29, 2018, 08:09:33 PM
 #1123

Future is unpredictable and so is Bitcoin. Banks will never gonna accept the bitcoin as a future banking system. Coz its main hold is in individual’s own hand. It is more flexible as compare to current banking system. But u never know. Anything is possible.
cryptorelax
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August 29, 2018, 08:15:26 PM
 #1124

bitcoin will replace the banking system in the near future. We believe that Cool
BTCempires
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August 29, 2018, 11:02:03 PM
 #1125

Over time, bitcoins will replace money, this can confirm the rapid increase in the number of exchangers in Europe.
POM
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August 29, 2018, 11:07:44 PM
 #1126

Well, it seems hard to happen in my eyes. But still, i don’t know what’s gonna hapen in future. There are some posibilities. But banks are really strong almost all around the world now, they have the power. I don’t think  this gonna change soon.
Sand King
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August 29, 2018, 11:15:43 PM
 #1127

i was thinking about the Bitcoin and it's Future in Banking . can it remplace money in transactions ?
I don't think bitcoin will ever replace banks. Banks are much safer than bitcoin or any crypto. If the time will come where bitcoin will assure everyone's money and that it is safe, then it'll have the potential to replace banks.

decoder88
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August 29, 2018, 11:20:42 PM
 #1128

Bitcoin's presence brings its own color, what is the problem of the bank system has been answered by bitcoin so it's time for everyone to switch transactions from banks to bitcoin.

Actually, the reason why some of banks are not allowed to transactions from Bitcoin mabe because it affects their business and other non users of Bitcoin. It is very helpful if Bitcoin creates its own bank/s for reliability.
bitfocus
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August 30, 2018, 06:34:31 AM
 #1129

Actually, you got it all wrong, not Bitcoin, Blockchain is the future of Banking and almost everything.
vfrcbv911
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August 30, 2018, 07:06:10 AM
 #1130

Bitcoin is the future of the global financial system, not just banking. This is a new step in the handling of money and I think it's just obvious. IMHO

mathtoughfat
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August 30, 2018, 07:09:02 AM
 #1131

Surely it can specially if government will start to acknowledge and accept bitcoin and crypto currency as a legal tender of digital money. This is the main point of why bitcoin was born and existed as to how I see it. It's goal is to replace the use of fiat money and make it more easier yet more secured transactions with merchants.
camric09
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August 30, 2018, 07:26:56 AM
 #1132

Surely it can specially if government will start to acknowledge and accept bitcoin and crypto currency as a legal tender of digital money. This is the main point of why bitcoin was born and existed as to how I see it. It's goal is to replace the use of fiat money and make it more easier yet more secured transactions with merchants.


In a positive thoughts yes, bitcoin can be the future of banking but if negative news will frequently occurs then maybe this will postpone it. Let us hope that the coming years will be fruitful for cryptocurrencies.

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NatalieBoyd43
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August 30, 2018, 07:27:44 AM
 #1133

I think Bitcoin is a currency of the future, at the present or in the next few years Bitcoin can not replace all of its trading volume at the moment but only slightly replaces the current one. translated in the world.
HomiEx_Singapore
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August 30, 2018, 07:37:08 AM
 #1134

not the banking ,but can another way
Rooster101
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August 30, 2018, 07:39:44 AM
 #1135

Majority of the banks don't like decentralized cryptocurrency and they will likely reject bitcoin as main currency in their transactions. Some banks had chose ripple because it designed for banking and most of all, it is a centralized virtual currency suitable for any banking purposes. But bitcoin will remain to be the top cryptocurrency without any help from the banks because its already widely used globally.
letzdodiz
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August 30, 2018, 07:42:51 AM
 #1136

We can't generally anticipate what will occur with bitcoin later on. There's a substantial probability that it will supplant cash later on with regards to keeping money yet having the way that bitcoin has been illegalized by numerous nation makes it harder to assert that it will happen eventually. We should continue supporting with the goal that we can make things conceivable and advantage all of us.
DavidDWatkins44
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August 30, 2018, 07:56:44 AM
 #1137

I believe in the future, keeping one's own keys is always going to be like keeping cash in your house. Not safe, so we will still feel safer with our bitcoin in a bank.
nicholevelasco
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August 30, 2018, 08:20:25 AM
 #1138

since it uses the blockchain technology, it wont be the same as banking. it will be a more of a technological way
DavidGBoydq232
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August 30, 2018, 08:22:17 AM
 #1139

Banking your Bitcoin will be no different than banking your dollars. Just like when you deposit your dollars in a bank account the bank doesn't store your specific dollars in a box somewhere for you it loans your money out and your savings account balance is the bank's debt to you.
Awoben
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August 30, 2018, 08:27:39 AM
 #1140

Blockchain technology I consider as the future of banking, bitcoin will definitely be a major player/currency in that new era,  I believe most will consider it and deal in bitcoin rather than USD.
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