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Author Topic: Bitcoin VS bank  (Read 1715 times)
mornabo
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March 21, 2018, 02:27:35 AM
 #121

For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

Bitcoin does really have the chance to replace banks in the future because the growth today of cryptocurrency is very fast and if banks would not do anything about that then it was very sure that their business will really go down.
Nope bitcoin has no chance of replacing Bank. Banks have a very vital role in the economy of a society and the state. banks are everyone's needs. I'm also sure you're still dependent on the bank. although bitcoin grows and develops. banks also do the same. it is very likely that banks will also have new innovations. bitcoin will become popular I do not deny it. but to replace the bank is impossible thing.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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March 21, 2018, 02:32:07 AM
 #122

Do you think bitcoin will replace Banks in the future?
No it won't. Many topics has been posted here in the forum about the replacement of bitcoin with the banks.
Banks are essential in the government and every country needs it.
So stop thinking that bitcoin will replace the banks. It may happen but the bank will adopt bitcoin.


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removebeforeflight
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March 21, 2018, 02:47:40 AM
 #123

For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

I would completely agree with your comments on banking system. However, Bitcoin have already replaced banks in few countries and some countries haven't accepted Bitcoin is due to the banking monarchy have misguided the government creating negativity on Bitcoin. Banks have sucked people's blood in the form of fees and charge, but this would come to an end if Bitcoin replaces it so banks are going extreme to stop Bitcoin to rule the world.

May be Bitcoin usage could be delayed in Al over the world but definitely some day Bitcoin would replace banking system.
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March 21, 2018, 04:15:46 AM
 #124

No it won't, many people are driven by the excitement and forget to look for what actually are blockchains, you may find a suitable answer in few paragraphs on Wikipedia.
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March 21, 2018, 10:37:54 AM
 #125

For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

of course I will choose bitcoin because with bitcoin assets we have tau plot and not taken by others whereas if your bank assets and money that you belong to give to the bank and if you know bank will share your money to other customer.
JC btc
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March 21, 2018, 10:52:05 AM
 #126

For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

of course I will choose bitcoin because with bitcoin assets we have tau plot and not taken by others whereas if your bank assets and money that you belong to give to the bank and if you know bank will share your money to other customer.
When it comes to saving my hard earned money, I will have to  choose banks over bitcoin wallet, but of course I will see to it that I do have some bitcoin in my btc wallet that I'm gonna withdraw 10 years from now, that I will use for the future of my children, and for me to build new house for my family.
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March 21, 2018, 10:58:52 AM
 #127

For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

of course I will choose bitcoin because with bitcoin assets we have tau plot and not taken by others whereas if your bank assets and money that you belong to give to the bank and if you know bank will share your money to other customer.
As we rate bitcoin and bank in terms of capabilities definitely ,bitcoin has a maximum percentage .Bitcoin is decentralized In all over the world where it talks about investment in a blockhain technology and has an advantages to take huge profit because of the volatility of the prices. In bank, people can save money for their salaries or other ways of getting moneys.It has a lot of differences on bitcoin and bank.But for me bitcoin has a good opportunities to fulfill and pursue dreams.
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March 21, 2018, 11:05:04 AM
 #128

Bitcoin will not replace banks in the future simply because governments will not allow a decentralised system to take control of the money flow. Generally if something does not get general approval of governments and does not get properly regulated it cannot easily survive by itself. What I hope however is that banks and government will see the applicability of blockchain technology (more than bitcoin itself) and use that technology to improve the way finances and informations are distributed.
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March 21, 2018, 11:06:10 AM
 #129

No it won't, many people are driven by the excitement and forget to look for what actually are blockchains, you may find a suitable answer in few paragraphs on Wikipedia.

Nice, short but precise. I have never assume that bitcoin will really replace the banking system, it might help in terms of recording transactions, but the banking as whole?  It's a no, it would be realistic to assume that those two will coexist

billtonz123
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March 21, 2018, 11:08:06 AM
 #130

no bitcoin didnt same with bank, bitcoin lead to transaction of payment  exchanger to usd or anything money, i can said like a income or business,while a  bank we can save money safely and didnt have get more income. so i can said this is very definitly different bitcoin with bank
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March 21, 2018, 11:09:57 AM
 #131

I think bitcoin will not replace the bank because Bitcoin is the first non-centralized digital currency,Like money in general, Bitcoin can be used to store wealth and to purchase goods electronically,While banks regulate the circulation of money such as the euro and the dollar..

But all the things the bank can do can also done by Bitcoin. We only need to wait until bitcoin is recognized as the bank being recognize. I do think that bitcoin will replace banks in the future. There will be a digital bank to store all our money and currencies.
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March 21, 2018, 11:10:16 AM
 #132

About replacing, I don't think so or predict., that bitcoin will replace banks or bitcoin technology on the internet will beat the bank until the bank is no used anymore. Anyhow the banks is still firmly tied to a common currency that's unlikely to be replaced by a digital currency (bitcoin). The possibility that happened., I think maybe it will only be supported by banks, and the banks will try to accepting bitcoin till looks more modern tied to the internet world that supports bitcoin as a alternative currency that can be used for various things like as common currency.

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March 21, 2018, 11:15:03 AM
 #133

No it won't, many people are driven by the excitement and forget to look for what actually are blockchains, you may find a suitable answer in few paragraphs on Wikipedia.

Nice, short but precise. I have never assume that bitcoin will really replace the banking system, it might help in terms of recording transactions, but the banking as whole?  It's a no, it would be realistic to assume that those two will coexist

Be your own bank can't work with so many stupid people around. This two will coexist because banks will find a way for that, they have enough money to make any new coin, what is ripple by the way? Maybe one of the first banking investments in blockchain.
Many people are stupid, you can say driven by excitement but that is far from truth. Look how many people come on this forum and what they wrote. I thought that people will understand what is better and what is easier to use, but no people still come here and ask so stupid questions and after reading them I get nervous from their stupidity. Someone gave us blockchain, but we people aren't able to use it in the way it should be used, I thought we will see the end of banking system, but simply people of the world are not capable for replacing the banks and system that is responsible for world poverty.

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March 21, 2018, 11:33:36 AM
 #134

No it won't, many people are driven by the excitement and forget to look for what actually are blockchains, you may find a suitable answer in few paragraphs on Wikipedia.

Nice, short but precise. I have never assume that bitcoin will really replace the banking system, it might help in terms of recording transactions, but the banking as whole?  It's a no, it would be realistic to assume that those two will coexist

Be your own bank can't work with so many stupid people around. This two will coexist because banks will find a way for that, they have enough money to make any new coin, what is ripple by the way? Maybe one of the first banking investments in blockchain.
Many people are stupid, you can say driven by excitement but that is far from truth. Look how many people come on this forum and what they wrote. I thought that people will understand what is better and what is easier to use, but no people still come here and ask so stupid questions and after reading them I get nervous from their stupidity. Someone gave us blockchain, but we people aren't able to use it in the way it should be used, I thought we will see the end of banking system, but simply people of the world are not capable for replacing the banks and system that is responsible for world poverty.
We should not underestimate bank because probably they try to find solutions about the system .Instead of that, we need to put effort on bitcoin in how to encourage people to invest money as long as in a good way ,we dont want to say negative thoughts on bank because its all about competence in every method they developed. We, each one of us has a different perceptions where we can put our trust and believes in the two competences. But for me bitcoin is much better because they provide my needs.
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March 21, 2018, 11:40:05 AM
 #135

They say that banks tremble with horror when they hear about transactions with bitcoins.After all, they act as intermediaries. they will lose this feature if all payments are in bitcoins. If there is such a need, banks can compete seriously with cross-border transfers in cryptocurrency.

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March 23, 2018, 09:46:57 AM
 #136

Bitcoin exists if the user or its investors exist, unlike the bank.
it until whenever bitcoin and bank will always side by side.
Banks specially the powerful banks have always played their role in the economic system of the world, and these banks have never let any situation which they did not manipulate for their own benefit. No doubt these banks were giving very much good services but then they had the opportunity to play with our money as well for fixed time. So now all these things are going down because of the crypto currency which these banks do not want in the world.
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March 23, 2018, 10:38:34 AM
Last edit: March 23, 2018, 11:14:50 AM by palle11
 #137

For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

You have really made a summary of the financial tussle between banking system and cryptocurrency. It is the obvious that the monopoly of banks is being threatened by another power change just like banks took over from traditional mode of financial transactions.

In my opinion, OP could have scored a merit on his post. I wish I had a merit to give. Roll Eyes
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March 23, 2018, 11:05:14 AM
 #138

It is very difficult because the bank has been established for a long time, and every bang in the country and outside the country stands with a strong defense so every bank will never be replaced because no one is able to compete with the State bank.

Well yeah I agree with this state. Actually bitcoins are newbies as competed to banks that are as old as ancient. One can never say that bitcoins would be competing with bitcoins and winning and then every bank on this planet earth would be demolished. Just because bitcoins are amazingly growing, it never means they will terminate this banking system. People shouldn’t be boosting stupidity, it harms the dignity of bitcoins.
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March 23, 2018, 11:08:22 AM
 #139

The banks will adopt the blockchain, the bitcoin is out of date, picking it up, it only serves to speculate that's all
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March 25, 2018, 02:21:48 AM
 #140

For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?
I personally think bitcoin and the blockchain system will replace the banking system someday, but it takes a very long time for it. because at this time the banking criminals are being aggressively fighting bitcoin and another cryptocurrency so that their banking system is not replaceable. they continue to campaign and make negative issues in various media.
It is very doubtful that bitcoin and the blockchain are going to replace the banking system, they are not going to allow it and they are going to do everything in their power to avoid that happening, think about it if you were one of the most powerful persons in the entire world, would you give up your power to a new technology? Or will you fight against it?
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