Bitcoin VS bank

[BlinkLifeHippo]

Still the btcs are count on the value of fiats. What does that means? The btc's fate is still dependant on the fiats and banks LOL

[angrybird3591]

Now I think bank better BTC
BTC too slow and high fee
In the future i think Stellar(XLM) can change BTC to become a new payment system with low fee and 3s for 1 transaction

[Epimetheus]

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.

Yes Bitcoin is highly volatile in comparison to a real currency but i think bitcoin has more advantage then a regular bank and for those advantages people will adopt Bitcoin. First of all Bitcoin provide high security and privacy to their user which normally banks doesn't provide their user. Bitcoin provide end to end means from buyer to sender uninterrupted money transaction facility. Which is untraceable too. Banks are charge more transaction fee and also take long processing time for money transaction,where as bitcoin provide fast processing and low transaction fee. So these are some reason due to which people love to use bitcoin in comparison to bank

[ScroodjMoney]

Things that have some system similarities but this one unity are interrelated, despite having a different world and nothing will replace each other.

[cryptokia]

Banks are the huge sphere of each country economics, so I would think that they will find a way to survive even if a bitcoin age money goes in.

[swallovwvile8]

There are still lots of people around this world who wants to have the traditional banks at their place. They support fiats

[Chikitita2004]

Banjs have different role in the people’s lives. While crypto is a currency banks store currencies but aside from storing and keeping they also have other roles. However by the rise of bitcoin and other cryptocurrencies, banks are threatened, maybe in the future there will be less and less people that will be trusting them since cryptocurrency have their own wallet and will not need banks,

[Dark Sky]

There are still lots of people around this world who wants to have the traditional banks at their place. They support fiats

Because they have physical work or business and that's why they want to save their money in bank to get monthly profit but bitvoin is for those who work in online and they earn much more money so that's why they want to invest their money in online currency because they know it will very profitable for them, so that's why banking work will going to fall in future because everyone want to invest their money in bitcoin.

[BLTC]

I don't think that bitcoin or cryptocurrency in general will replace banks, it just going to make bank less important compared now. Cryptocurrency in entering now the payment options that banks being using commonly. This will impact the banks negatively as this are the most common transactions they have. Like buying grocery and other big tickets, cryptocurrency will handle this.

[laravuemaster]

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 has already admit that they are afraid of cryptocurrency to grow because most of the investors are preferring to invest on cryptocurrency more than placing their money on banks because the increase is very slow.

[dams87]

in my opinion there will be no replacing bitcoin bank instead of the bank who have to start following the trend of digital currencies like criptocurrency so that banks can continue to exist and thrive following the times, because now the payment and financing have started using digital currencies and has many large in many countries admit.

[slyfox]

In all countries, the banking system is very important, usually the banking industry can help a country's government to control the economy, the appearance of bitcoin will replace some of the banking functions in the financial aspect, so the bank is very cautious about the attitude of encryption, and the bank is now resisting to bitcoin. But I don't think bitcoin can take the place of banks.

The banking system is very important for most countries and I will not have a problem with banks if they were not such a bunch of greedy people, I understand that like in any business they want to obtain profits but the profits that they obtain for not doing anything are simply too high and the worst part is that they get those profits out of you, the one that is trusting them with your money.

[TomUyamot]

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?

It will replace fiat in the future and along this line it would logically follow that the fiat-based banks will also be gone. That is how I see it. The fiat money that we are too comfortable using for now will be replaced with crypto, Bitcoin in particular. However, the idea of bank or of banking in general will still exist. I guess we have noticed how banks are slowly turning favorable to crypto and Bitcoin and how a lot of crypto banks are also rising.

[BeGoods]

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 plays an important role in our economy. Banks are not just a financial institution that accepts money as savings account it also gives loans to individuals or companies that is why bitcoin can never replace banks.

Yeah bank is not just a place to save money only. but more than that. You are right that a country's economy is also aided by the bank. for example the central bank that regulates the circulation of the currency, managing the state budget and so forth. bank benefits are also felt by many communities to help finance business capital and so forth. so it is unlikely banks will be replaced by bitcoin.

[Boldcom]

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 prefer bitcoin compared to banks. bitcoin have strong advantages over centralized financial systems, primarily because of their ability to function and operate without a single point of failure, which hackers and bad actors can target.

[TheClownSong]

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 is revolutionary monetary system and thats why most central bank ban it. Central bank make system that they can print money as they like without proper audit and they get interest from government taxes. Different with fiat money, bitcoin is decentralized system and have transparant ledger and everybody around the world can see the transaction

[cah ndablek]

If bitcoin to replace the bank depends on the role of government in a country when people are able to accept the existence of bitcoin well and know how to play it certainly be a great opportunity to replace it so that no one who feels in the disadvantage.

[lantan81383628]

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?

The modern political system exists in the financial system of Banks. Although people want to use bitcoin freely, they cannot replace Banks. I think the future is the world of Banks and bitcoins.

[cotton ball]

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?

The modern political system exists in the financial system of Banks. Although people want to use bitcoin freely, they cannot replace Banks. I think the future is the world of Banks and bitcoins.

There is still a point at the bank where it can assume responsibility for all the assets and potential losses of its users, in which case we should not blame their system. The Bank is also a media of personal financial oversight and protocols that support government policies and interventions.

If they are finally destroyed and all use bitcoin as a benchmark, then we will return to a time when all humans will not be able to control themselves and the potential for criminality will be higher without anyone able to manage it. Most humans are not able to maintain their own assets.

[Izalcomax]

Economic systems need a trusted authority to control the money supply, as one tool of monetary policy. As an individual, I feel confident when I use central bank money that the state will enforce legal tender, backed by its monopoly on the use of legal force.. Well, IMO.. Bank still got what it takes for the economics right now