Bitcoin VS bank

[yanxuanyunshan4]

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?

[Lyne01]

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?

There have been topics like this before. And I will still say, bitcoin will never replace banks and will not replace anything in this world. Bitcoin is an additional currency that has good price or value. Banks just need to adjust the way they think about crypto. Banks will comtinue to exist and will stay I think forver.

[fatirborju]

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..

[Ctn]

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.

[Fuhre]

IMO bitcoin will not replace the bank, why?
Firstly, banks have been around long before bitcoin. banks are also controlled by the government, if bitcoin wants to replace banks, bitcoin must get permission from all governments.
considering its still a lot of prohibition against bitcoin, it will be quite difficult for bitcoin to replace a bank.

second, bitcoin exists if the user or its investors exist, unlike the bank.
a little bird told me, that until whenever bitcoin and bank will always side by side.

[Palmholder]

   I also dont beleive that bitcoin will replace banks in future, because modern political regimes exist in bound with banks based financial system. Bitcoin will be not allowed to join the party and replace banks.
   Good news is that bitcoin provides new alternative to operate privat funds, alternatives are needed for any kind of liberal society

[bakujo0817]

i dont think so bitcoin will replace because is volatile if you put $1000 in bank that money will never be less while in bitcoin theres a big chance you loss money or increase and i think many people will not adopt that.

[xaviervilla]

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?

True. But the thing is that whatever bad things we already know about the banks together with all the people that run them, and no matter how much we want them gone, we just cannot do anything to get rid of them because 1st, the people that run them are very powerful, and 2nd is that no matter how much we deny it, we barly need the banks. Plus bitcoins still have too much issues to be taken care of.

[boboking]

Bitcoin or other crytocurrency will never replace a bank. If you think that banks is just a place where people save their money well you are dead wrong. Bank is very important in a countries economy.
We are too far from even making bitcoin a legalize country all over the world. We need to achieve that first before thinking that banks will be gone for good.

[jpaul]

I don't think governments are going to let Bitcoin replace banks. As Bitcoin is something they don't have control over and governments would never let something they don't have control over replace something they have in their control. But yes Bitcoins can work parallel to banks.

[1NV3ST0NM3]

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?

Yes ofcourse. I can't say exactly bitcoin will replace banks in the future. But yes banks too need to come over to the blockchain in order to get a touch with this new world. Gone are those days when people would blindly trust the whole banking and financial system without any question. People want to know who is the real owner of money and where is their money flowing in.

[dothebeats]

I don't think so. In order for bitcoin to be efficient in stimulating the economy, it needs to be inflationary so that it can be used in emergency situations for the economy. The reason why banks are still around up to this day is because they are a great help for a country that is thriving by doing fractional-reserve banking and quantitative easing. Bitcoin, on the other hand, fails to be one, since its deflationary in nature and no central bank create it at their own will whenever it needs to be done.

[Rahman11]

Not it's yet to not supporting option for replacing bitcoin for any countries paper money, bitcoin is a digital currency and government are not yet to able to control over it's various activities. so it's some impossible bitcoin replace to paper money.

[Harlot]

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?

Maybe not because Bitcoin itself cannot finance anyone not unless you are earning from it. Bitcoin is not a ban, it is just a mere currency where you can also earn it from trading. And by just being a currency it could either help the person or make them poorer based on how they trade it in the market. Banks cannot be simply replace by Bitcoin in terms of financing people but if you look at Bitcoin as a mode of saving your money outside of a bank, it will definitely can and at a higher growth rate compared to what banks are currently offering.

[Fazlurkhan.kz]

Yes, As the banks have always taken control over money of the people and a huge amount of the people gets wasted by just paying the taxes and penalties the banks forces them to pay. due to this people are getting more concerned about their money and for it's security and  they turn towards and look forward to cryptocurrencies for securing their own wealth. Which in the future might be a strong reasons for the demolition of banks!

[donalfonso]

Your opinion of banks and the banking system is flawed, and I dont think bitcoin and banks are rivals or competing against each other. they are both aspects of the new and emerging financial ecosystem. They can co exist together and ultimately bitcoin still needs some form of support from flat currencies which is managed by banks.

[Alalex]

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.

Although the cash currency is much lower than digital money, but the bank still will never be erased in every country.

Many cash banks have their own advantages where the cash bank currency we use as a means of payment in cash and official we use in our own country.

But there is nothing wrong if the cripto money developed as cash that can be used without having to exchange cripto money with cash.

[maaydin]

if the system continues to go like this I mean being so much speculative I don`t think that btc will even replace banks in future maybe countries own coins may replace but not btc.

[Lieldoryn]

Your opinion of banks and the banking system is flawed, and I dont think bitcoin and banks are rivals or competing against each other. they are both aspects of the new and emerging financial ecosystem. They can co exist together and ultimately bitcoin still needs some form of support from flat currencies which is managed by banks.

Bitcoin is a self-sufficient system and does not need support from the banking system. Many users did not understand this. They used to use Fiat and therefore can't imagine life without Fiat. But this is not a bitcoin problem. This is a user issue. They have to get used to. But I think that bitcoin can eventually become an alternative to Bank deposits.

[zakirazak]

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?

Certainly, and the world can no longer turn off Bitcoin, as the public plays a role in raising popularity and providing fundings for, which banks never believe it is a bitter reality for them in forever. but as you know they will always find a way to eliminate the founders and developers to ensure their mastery is 100% full if they use digital currency other than BTC it does not affect the cryptocurrency market and the BTC as major because I do not see what they can afford do it because everything should start with terms and conditions with contect is Decentralized if there is a digital currency other than that, not only you but we all will start to feel hesitant.

In addition, we have found that some group of developers have begun to play a role such as FORTY SEVEN BANK in their contect as a bridge for fiat money and digital currency which they are bound by the Counties of Estonia banking Act, and i see more development group via they platforms, that can be considered as a traditional banking replacement for digital currency debit card management, and we do not have to be fret with the response of some countries that who do not accept and recognize BTC and cryptocurrency because of the people in their country very love to invest in BTC for their future interests.