Bitcoin Forum
October 24, 2018, 06:07:10 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 »
  Print  
Author Topic: Is banking still important in the bitcoin era?  (Read 1818 times)
mackenzie5
Newbie
*
Offline Offline

Activity: 155
Merit: 0


View Profile
April 27, 2018, 08:26:20 PM
 #121

In the bitcoin era banking is not so important at all because  every thing we can resolved with bitcoin itself so the conventional banking system has no specific role on it. If some body is undertaking a deal between  a firm or an individual here with bitcoin  the buyer and the seller only  knows about it with out a third party interference such as banks. Bitcoin saves the processing time and the processing charge and the transaction  between the buyer and seller directly..So the bitcoin is more convenient for the international trade.
1540361230
Hero Member
*
Offline Offline

Posts: 1540361230

View Profile Personal Message (Offline)

Ignore
1540361230
Reply with quote  #2

1540361230
Report to moderator
1540361230
Hero Member
*
Offline Offline

Posts: 1540361230

View Profile Personal Message (Offline)

Ignore
1540361230
Reply with quote  #2

1540361230
Report to moderator
1540361230
Hero Member
*
Offline Offline

Posts: 1540361230

View Profile Personal Message (Offline)

Ignore
1540361230
Reply with quote  #2

1540361230
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540361230
Hero Member
*
Offline Offline

Posts: 1540361230

View Profile Personal Message (Offline)

Ignore
1540361230
Reply with quote  #2

1540361230
Report to moderator
emath7
Newbie
*
Offline Offline

Activity: 163
Merit: 0


View Profile
April 27, 2018, 08:32:16 PM
 #122

   Many things have changed with the discovery of Blockchain and CryptoMoney. Remittance transactions can now take place without intermediaries. And in seconds. When you want to send money from one point to another, there are no unnecessary legislations to wait. Send it whenever you want to send it. Country boundaries for transfer transactions remained. Transfer from one continent to another can occur within seconds. You can also keep the money in your wallet more securely. These are the facilities provided by the blockchain technology.
   Everyone is curious. What will be the future of the banks?
   It is useful to give an example. You should study the KoraNetwork project, which is based on Blockchain infrastructure. This project constitutes the decentralized banking sector in the blockchain infrastructure ...
   Traditional banks have run out of life. There are two ways in front of them. They will either adapt to the new order, or they disappear ...
Timok Abiodun
Newbie
*
Offline Offline

Activity: 126
Merit: 0


View Profile
April 27, 2018, 08:38:49 PM
 #123

Earlier all the monetary transactions were enabled through central banks (directly or indirectly). Now, with the evolution of Bitcoins, the scenario has changed. The power that was vested in the governments and central banks is shifting to the masses. This revolutionary change in transaction handling has the power to change the economic structure. To bring security and enable scrutiny, central banks and financial institutions maintain a record of all the transactions undertaken by the people. Now with digital currencies, this economic power can be challenged by people. This has led to the creation of a new autonomous body which can facilitate transactions. Ultimately if adopted on a large scale, Bitcoins can lead to the politicization of money.
Playmode Kreative
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
April 27, 2018, 08:42:06 PM
 #124

ooh yes.... banking is still kinda important... There have been implications that Bitcoins can be used to secretly launder money outside the country. Central banks across the world have been wary of Bitcoins as an uncontrollable and unpredictable form of currency. Cryptocurrencies are leading to loopholes in the current bank’s data about the money transactions leading to inability to track economic activities. Crypto and Cyberspace has emerged as a power in itself thus bringing a check on the activities of the so powerful governments.
Vladv26
Full Member
***
Offline Offline

Activity: 274
Merit: 100



View Profile
April 27, 2018, 08:42:26 PM
 #125

Banks are still very important in this era because hundreds of millions of people use them everyday to receive their salaries there, to send money worldwide, to take credit cards and use them for shopping. Actually there a lot of people that don't own a credit/debit card since banks are still doing a lot of promotion on TV or internet and on billboards on the street. So banks will survive for a very long time because they have lots of customers and not many of them are going to choose bitcoin instead of a bank.

[   M O Z O  The Token of Discovery   ]       //    Whitepaper    //
               ►►  JOIN NOW  ◄◄   US$ 26M of US$ 42M already RAISED!               
Facebook    .    Twitter    .    Telegram    .    Medium    .    Reddit    .    Youtube    .    ANN Thread
chaoscoinz
Sr. Member
****
Offline Offline

Activity: 567
Merit: 251


View Profile
April 27, 2018, 08:50:26 PM
 #126

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
The banks are here to stay, in my opinion, I think Bitcoin needs the banks to survive right now. Without the help from the banks, Bitcoin falls flat on its face in it's current state.
   People need to be able to trade their crypto into fiat, because most of their life depends on using it fiat to buy groceries,  pay rent or mortgage, buy gas, pay bills and utilities, etc.
Udrujec
Member
**
Offline Offline

Activity: 210
Merit: 10

“Crypto Depository Receipts”


View Profile
April 27, 2018, 08:53:13 PM
 #127

I don't think bitcoin can replace banks. It can be a great alternative for some money transactions, but we still have loans, mortgages, etc. Therefore, banks will remain.

bitvelk
Member
**
Offline Offline

Activity: 280
Merit: 10


View Profile
April 27, 2018, 09:00:38 PM
 #128

I believe that crypto-currencies can be part of banks, and it will be a different organization, banks of a new generation. We are always waiting for some rivalry between them, but why can't they coexist together?

  |||  EverLife.AI  ||| 
  |||  Preserve your Legacy on the BlockChain  ||| 
  |||  Your Immutable AI Avatar on the Blockchain that preserves your legacy  ||| 

●  Facebook  ●  Twitter ●  Telegram  ●  ANN  ●
taeewo
Full Member
***
Offline Offline

Activity: 392
Merit: 100



View Profile
April 27, 2018, 09:07:36 PM
 #129

Banking will still always be relevant and i think with time many banks will adopt the use of blockchain technology
boled
Full Member
***
Offline Offline

Activity: 440
Merit: 104


C R Y P T O N I T Y


View Profile WWW
April 27, 2018, 09:46:53 PM
 #130

if you look at the current state, where 90% of crypto players, bitcoin owners, market, etc. rotate its assets to earn profits in the form of real currency. then I think the Bank is still very important, either as a medium for widraw, daily transactions (shopping, installment payments, paying electricity, etc)

nick_nick
Full Member
***
Offline Offline

Activity: 350
Merit: 100



View Profile
April 27, 2018, 10:41:07 PM
 #131

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Bitcoins must still be used alongside fiat money. Thus, the advent of cryptocurrencies will not shut banking activities; however it rather facilitate easy flow and smoothness in the financial system. We should'nt forget that not all people have the know to transact with cryptos and also banks offer other auxilliary services like store of valuable items among others
Lomberjack
Full Member
***
Offline Offline

Activity: 289
Merit: 100


View Profile
April 27, 2018, 10:49:36 PM
 #132

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Yes. Banks are still important and really that valuable even at the Bitcoin era because here in our country, we still need the existence of our banks who funds out cash for the exchange of our Bitcoin into our regular currency because cash is still the most valuable type and widely accepted currency. Also, banks are not just for the saving of our money but also the national bank of a country makes researches and study well the new rising currency if it will be suited to be implemented or safe to be used by its people and together with the government, they do such decision making if such currency will be accepted or not in a state or country. Also, many people tend to use banks because of the other services offered that was not at the scope of Bitcoin's provided benefits.

              b e t f o r m ▬▬▬▬▬▬▬ SMART CONTRACT POWERED SOCIAL BETTING PLATFORM
                                                     A p p Download ▬▬▬▬▬▬▬ Google Play   App Store     [ WEB VERSION ]                                 ❱❱JOIN b e t f o r m❰❰
                       F o l l o w us ▬▬▬▬▬▬▬ WHITEPAPER TELEGRAM FACEBOOK TWITTER
fbastage
Full Member
***
Offline Offline

Activity: 307
Merit: 100


DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO


View Profile
April 28, 2018, 06:18:34 AM
 #133

I think that the banks will not disappear for quite some time, It will take quite a long time until the banks disappear because of uselessness, but while they are important!

SabrinaBianka
Member
**
Online Online

Activity: 240
Merit: 10

“The Premier Digital Asset Management Ecosystem”


View Profile
May 02, 2018, 08:06:39 AM
 #134

Important or not, A lot of people trusting on banks. Are the best investor of bank. So real investor on the different bank don't care about the new technology. For me they was thinking about crypto but not means they want to left on the bank and take it all their money and invest on cryptocurrency.

Sar elok
Jr. Member
*
Offline Offline

Activity: 182
Merit: 2


View Profile
May 02, 2018, 08:26:21 AM
 #135

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Yes. I think the banking world are still needed even though bitcoin will overwhelm the world economy in the future. Mainly loans
Pan Troglodytes
Member
**
Offline Offline

Activity: 308
Merit: 28

★Bitvest.io★ Play Plinko or Invest!


View Profile
May 02, 2018, 08:54:36 AM
 #136

Financial technologies such as bitcoin, P2P lending and crowdfunding are just beginning to take off, and businesses involved in the industry pose little immediate threat to traditional commercial banks. Banks, after all, the country's economic lifeline, so I think the bank is still very important, do you think?
Yes. I think the banking world are still needed even though bitcoin will overwhelm the world economy in the future. Mainly loans
Loans and other services, like emmission of bonds and that includes both corporate and governments bonds, and all other corporate services, that obviously cannot be realised with the use of Bitcoin.

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★ ★ ★ ★ ★ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
PLINKO    |7| SLOTS     (+) ROULETTE    ▼ BIT SPINBITVESTPLAY or INVEST ║ ✔ Rainbot  ✔ Happy Hours  ✔ Faucet
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★ ★ ★ ★ ★ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
niisarearning
Sr. Member
****
Offline Offline

Activity: 518
Merit: 252


🤖UBEX.COM 🤖


View Profile
May 02, 2018, 09:24:14 AM
 #137

I dont crypto currency ruyn without banks most of the people how much they scream against traditional bank . Finally they have to rely on bank for getting their crypto currency profit or earning . I think both are important . Banks are old system . Crypto currencies are new kid both has to be treated with respect.


GLOBAL DECENTRALIZED ADVERTISING EXCHANGE

Token sale: MAY 21

                                  ▄█▄      ▄█▄        
                                 █████    █████       
                        ▄██▄     ▀█▀      ▀█▀        
                ▄█▄    ▀██▀                           
         ▄     ▀█▀                        ▄█▄        
        ▀█▀                      ▄█▄     █████       
                        ▄██▄    █████     ▀█▀        
   ██          ▄█▄    ▀██▀     ▀█▀                  
         ▄     ▀█▀                        ▄█▄        
        ▀█▀                      ▄█▄     █████       
                        ▄██▄    █████     ▀█▀        
   ██          ▄█▄    ▀██▀     ▀█▀                  
                ▀█▀                                    
          ▄                      ▄█▄      ▄█▄        
         ▀█▀           ▄██▄    █████    █████       
   ██          ▄█▄    ▀██▀     ▀█▀      ▀█▀        
                ▀█▀                                    
           ▄                      ▄█▄     ▄█▄        
          ▀█▀            ▄██▄   █████   █████       
    ██            ▄█▄   ▀██▀    ▀█▀     ▀█▀        
             ▄    ▀█▀                                 
            ▀█▀                         ▄█▄           
       ██              ▄█▄   ▄██▄    █████          
                  ▄    ▀█▀   ▀██▀     ▀█▀           
                 ▀█▀                                   
            ██                   ▄██▄                 
                    ▄     ▄█▄   ▀██▀                 
                   ▀█▀    ▀█▀                          

▄█   ▄█  ▄█        ▄█████▄   ▀█▄     ▄█▀
██   ██  ██▄▄▄▄▄   ██▀   ▀██    ▀█▄  ▄█▀
██   ██  ██▀▀▀▀██  ██▀▀▀▀▀▀▀      ████   
██   ██  ██   ██  ██▄   ▄█    ▄██▀▀██▄   
▀██████▀  ▀██████▀  ▀███████▀   ▄██▀   ▀██▄
Telegram
Facebook
ANN Thread
Youtube
LinkedIn
Twitter
Medium
Reddit
Github
dianepot
Member
**
Offline Offline

Activity: 378
Merit: 10


View Profile WWW
May 02, 2018, 03:05:09 PM
 #138


Of course. Like us we are still using banks when cashing out our money from our online wallets. Keeping your money on a bank is a more safer than just storing it in your online wallet. Banks technologies are great. They also go with the flow. What is in trend they'll also follow. Maybe they'll also implement blockchain wallets so they wont be left behind.

vonnyaries
Full Member
***
Offline Offline

Activity: 350
Merit: 100



View Profile
May 02, 2018, 03:11:24 PM
 #139

bank is very important right now, i dont know about future but right now banking is very important, why? bank in a country have a job that makes sure the circulate of money in that country, make sure that the circulation is good, not to much ( inflation ) or too less ( deflation ) and i think right now without bank the bank have a bad economy. so bank is importand in a country

PTON PRE-SALE Live    █████████████     FORESTING     █████████████   PARTICIPATE NOW!
  █████ next-generation social media service based on blockchain technology   ██████
██ █  Twitter ● Facebook ● Youtube ● Telegram [EN] ● Telegram [KOR] ● Medium  █ ██ █ 
Standon1
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
May 02, 2018, 03:22:40 PM
 #140

Yes banking is important without banking how will you buy your bitcoins??
Pages: « 1 2 3 4 5 6 [7] 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!