Bitcoin VS bank

[sensimilia]

The banks still exist just for one reason - they help a successful country to do fanctional - reverse banking and  quantative easing.

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[thundercrystal]

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?

For me it's a no because I think and I believe that someday bitcoin will need those banks to process documents and some other things to acquire money. Banks is the one of the sources of money it is where we get our money even if it's from anything

[rimueng agam]

Actually both are very useful in my life, because the bank is also in need although there is already a bitcoin to save the funds I have, but I only use this bank to save me but if bitcoin than can save our funds or assets can also make a very profitable investment .

[Evil eye]

Currently the bank is the main source of money or currency transactions. So, bitcoin transactions will increase even if bitcoins are involved with the bank. But the reason for frustration is that banks of most countries are not accepting Bitcoin. However, the idea is that banks will accept Bitcoin in the future and Bitcoin will play an important role in online transactions.

[Raihan050]

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?

Just because we reached moon in 50's doesn't mean that we will leave the earth and reside on the moon. Isn't that's true?

The bitcoin and banks are the same thing like moon and earth where we know that there couldn't be better place than earth and there is no meaning to reside on moon because it is still harsh and technology is not advance enough to sustain there. We better know the facts that bitcoin is not sufficient enough in terms of its development to fulfil the needs of common banking. The banks work in different ways, to work them out properly they themselves needs rules and regulations so that they can handle the stress of economy and regulate it.
Take the fresh example in bitcoin world where one guy comes in and sells his millions and millions of worth and shake the prices of bitcoin thus leaving everyone unspeakable. If this continued then how bitcoin could be a good bank.

I appreciate with your thought. Bank is better than Bitcoin where bitcoin will not replace Banks in the future.

[andisuk]

Currently the bank is the main source of money or currency transactions. So, bitcoin transactions will increase even if bitcoins are involved with the bank. But the reason for frustration is that banks of most countries are not accepting Bitcoin. However, the idea is that banks will accept Bitcoin in the future and Bitcoin will play an important role in online transactions.

I believe in the future everything will recognize the existence of bitcoin because now it's just blockchain technology is increasingly known by many people then the system is also widely used by people. including in Indonesia, taxation in Indonesia immediately using the blockchain system for data collection

[s0beit]

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?

Banks are not as profitable as bitcoin. We all know that we could just keep our earnings and savings in crypto but we can't really rely in it's small profit. Banks are not investment but bitcoin is. It is where we could keep and store our earnings safely and with passive income.

[fiulpro]

I think if it gets stabilized and so got backed up by something strong and if it's acceptable all over the world then it may change the cards and then we can really see a different world all together.. where the rich won't be able to control the money and the age old curse of being controlled by someone not really owning your money will be broken ..!

[shiki3226]

In my opinion, banks will still exist though maybe in a different approach. Bitcoin still has value just like our cash hence it is important to be kept safe and be circulated in order for it to grow.

[Kita Kita]

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 am sure that bitcoin will replace banks in the future but i think it wil take for more than 50years before it will happen, and for me banks will still run in this world for long time because until now not all people is knows bitcoin, but i am confident that when all the people wil adopt to used bitcoin, they will surely support bitcoin over the banks.

[joebrook]

In my opinion, banks will still exist though maybe in a different approach. Bitcoin still has value just like our cash hence it is important to be kept safe and be circulated in order for it to grow.

I believe Banks and Crypto- Currencies are going to coexist in the near future and even in that period if there is a lot of education about cryptos, I believe that they are going to be the preferred choice of the populace rather than the banks because of the way that people distrusts banks.

[PacePay]

if the confidence will be replaced from banks to bitcoin which is a really big issue and which banks have so much potential to lose than yes bitcoin can replace the banks in world.

But that will be only for those who will want to store their money as they will then store their money in bitcoin and will not store in bank while the remaining functions of the banks will be [performed by it.

there is also a way that will combine both of them which is if these banks started their own wallets then people will be more happy and there will be more trust in these wallets.

[Ondre]

At the moment, since fiat money are still reigning and bitcoin are still minimal users compared to fiat, i can say that bank are still workable. But if it pertains to savings now, it is more profitable to invest and save in bitcoin than saving more money in the banks. The profit we make in saving bitcoin is far more greater than the interest of money in the bank.

[sensimilia]

I’m sure usual banks will not disappear during the development of bitcoin.
Banks don’t need to accept bitcoin, it’s a self-sustaining and independent structure.

[Dancobit]

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?

Both can be an alternative currency, without the need to intervene between the bank and the central bank
Bitcoin will not be replaced anywhere

[slashz9]

I do not think bitcoin will ever replace a bank, let's see a lot of banks are starting to use blockchain technology, they adapt to change instead of against it so I think in the future bitcoin will co-exist with the bank for the advancement of the world economy.

[Rufsilf]

Bitcoin cannot replace banks, however at this time we may not be able to deposit our money that we gained from bitcoin at banks due to they are really against this things. But in the future, there might be a chance that bitcoin will be helped by banks because some banks might allow bitcoins after some time. But, bankruptcy is still possible that put banks in a risk positions as of now that's why not all people recommend banks.

[OGBandit23]

The future has already come. Bitcoin displaces banks from the market by dragging capitalization on themselves. Over the last 2 years, bitcoin capitalization has grown more than 50 times. If the trend continues, the banking system will collapse in the next 5 years, burying under itself an unfair economic system

[kiboloves]

I think it's time to get bitcoin to break the bank's monopoly. More times, banks are a tool for the power sector, and they always offer low interest rates for our savings and pay us high interest when they lend us.

[doomloop]

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 will not agree that Bank endangered the stability of the nations economy because most of the nations economy now is very stable in which the banks are present and also i will not believed that Bitcoin will replace banks in the future as Bitcoin will not replace the paper money in which the banks are depending. This is simply because Bitcoin is just an alternative investments in which also depending on fiat that if the fiat will not acknowledge Bitcoin as investment then for sure Bitcoin will not going to become successful.

Banking system should have left by the people but it wasn't yet. We have some banking projects on blockchain too. Humaniq was one of them, Bankex and Cashaa were similar ones too if I'm not wrong. People don't want to leave banking system. And bitcoin is not a banking thing, it's only an asset. I don't understand why we mix them with each other.

Bitcoin is for people and people love it due to its cooperation with them. Bitcoin has really made a biggest cooperation with people and this support Bitcoin made is unforgettable near us that are why we are using Bitcoin and giving it the victory over banks system. Bank system is very expensive as compared to the smooth and costless transactions of Bitcoin.