Bitcoin VS bank

[geopolisch]

I think bitcoin is better than banks because with bitcoin we have full access and control, I do not like to waste time waiting in line so I hope that someday the transaction system is like bitcoin.

Of course, bitcoin has many advantages, but at the moment, we can not give up banks, because it will change the world economy at the root. In any case, at the moment we should rejoice that we can use bitcoin transactions, and the rest are crypto currency.

I think banks will be their forever. If all the people start using bitcoin, bank will also change their services for survival. May be they start using bitcoin and give people the facilities of transaction, transfer and trading. Therefore we cannot exit banks from the system atleast not in the near future. Bitcoin has their own features and benefits.

[Viyamore]

I think bitcoin is better than banks because with bitcoin we have full access and control, I do not like to waste time waiting in line so I hope that someday the transaction system is like bitcoin.

Of course, bitcoin has many advantages, but at the moment, we can not give up banks, because it will change the world economy at the root. In any case, at the moment we should rejoice that we can use bitcoin transactions, and the rest are crypto currency.

I think banks will be their forever. If all the people start using bitcoin, bank will also change their services for survival. May be they start using bitcoin and give people the facilities of transaction, transfer and trading. Therefore we cannot exit banks from the system atleast not in the near future. Bitcoin has their own features and benefits.

That is what more likely to occur since they have not been in cryptocurrency yet and they can use blockchain to improve their services. All customers that have been depositing and using banks will still be able to keep their money safe more than they are. If anything was lost by your own its to hard to claim it by other people or your family. Banks is good on holding your money or if not banking with bitcoins.

[HabBear]

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.

Sure, all this shit happened. But that's not a symptom of "banking" it's a symptom of human corruption and greed being applied to banking. It's the people that are the problem.

Do you think bitcoin will replace Banks in the future?

Replace isn't the word I'll use, in fact I hope bitcoin doesn't replace banks any time soon. The people that run banks are powerful and greedy, they'll fight the hardest fight against anything that threatens their business and horizon of wealth. If that battle happens too soon they'll end Bitcoin before it gets started.

Let these things coexist for a long time and let the future utility of both decide their fate.

[Thaliaismyname]

Although crypocurrency has many potentials, yes, but replacing banks aren’t one of them. They may aid banks, or do other things that banks cannot, but replacing banks is not on their short-term agenda. In the long-term, yes, but nobody’s even close to preparing for that yet. There are too many powerful people involved for that.

[PSL]

Banks strongly resist  the development of the cryptocurrency market. On the other hand, the most advanced banks are trying to introduce blockchain technology. This will help them become leaders in the niche when blockchain technologies become ubiquitous.

[Jambolb2]

Nope. Bank is there because it is a bank and Bitcoin is there because is it a bitcoin. One may exist without the replacement of the other. As you have said, banks have existed for centuries and the creation of bitcoin does not even affect the banks that greatly because most banks are controlled by the government. Therefore, in my opinion, bitcoin may never replace banks, because they can coexist.

I think there is no comparison between banks and bitcoin because we cannot keep aside the role of banks. They are giving us many services, while bitcoin is just a cryptocurrency, usable and profitable and can do nothing else. I am not saying that bitcoin is not good but both have their respective features, and we cannot neglect anyone in these two.

[Sir Legend]

No doubt that bitcoin is better than banks, with bitcoin then transaction speed is better than banks, in addition to faster send bitcoin of course safer and with cheaper cost.

[zarados]

Until now, I thought banks and governments are still gnawing at cryptocurrency users who have not fully used the cryptocurrency feature for daily transactions. That is, the personal economy is still supported by 50% cryptocurrency and 50% banking. The way banks and governments squeeze bitcoin users is none other than taxes and is assisted by exchange companies.

[sensimilia]

The central banks still have advantages by providing cash since that what we mostly use as an official and most frequetly used payment currency in our country.

[bitcoinsocial09]

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 think so, but not at all. There's a news says that bitcoin is the future currency so it is not possible that it will replace the bank. Especially if there's a lot of people depend on it. But still in that time there's a bank that existing because there are peoole who are loyal on what they are inclined in.

[TooDumbForBitcoin]

Banks strongly resist  the development of the cryptocurrency market. On the other hand, the most advanced banks are trying to introduce blockchain technology. This will help them become leaders in the niche when blockchain technologies become ubiquitous.

Depending on how you sent your btc transaction (fees and amount I mean)  But yes banks must adapt  and they will adapt no doubt

[joebrook]

The central banks still have advantages by providing cash since that what we mostly use as an official and most frequetly used payment currency in our country.

The Central Bank is very crucial to the economy of every country and as such it’s never going to collapse since that will mean the collapse of the country.Banks are not going to go out of existence because of the emergence of crypto currencies.

[Ucupers]

The Bank has already become the most important part of a country and the bank itself already in trust by the community. And they prefer to keep the money in the bank, and you can get your loan money from banks using the bail.
So the emergence of Cryptocurrency will not affect banks that exist in every State.

[max fray]

Definitely, banks will not become extinct as they provide a great number of additional services expect for storing our money - credits, regulation, currency exchange, etc.
The financial market should be regulated by the state, otherwise it will become chaotic.
Other important reason is that "classical" banking this is the ability to create the mood of the client, and impersonal, soulless blockchain is incapable of doing that.

[Betheng10]

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 helped establish and grow country's economy.  It doesn't contributes to market activity because product/goods are the one's responsible for that.

You do have alot against banks I think, but you need tp understand that banks are not created to make you earn rather to just secure your money.

[Vaskiy]

Bitcoin have given users the freedom to make transactions without the dependence of an intermediary. With banks, we cannot make use of transactions according to our requirements. We need to stick to the policies and terms of service that the banks have provided.

[Artemon82]

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 is two different things - bitcoin and banks, so no ,btc will not replace banks, i more believe they will just buy decent amount of btc coin and just will keep do business like they did before

[Chicksteen]

No doubt that bitcoin is better than banks, with bitcoin then transaction speed is better than banks, in addition to faster send bitcoin of course safer and with cheaper cost.

I think both of them are good and it help people in economic, bitcoin help personal economic situation and the bank help the country's economic, so I think we need both of them, the different perspective from crypto and bank is the one that complete each other and make people's life better and easier. Banks will also be in existence and even if there’s a need, they will find a way to integrate the blockchain technology or even in a way legalize and regulate bitcoin, so I do not see how this would be a problem for them. I believe bitcoin will keep being a decentralized currency, banks will be a centralized entity and both will still be operational even in the long run.  I really hope bank and crypto can grow together.

[SchiefelbeinBTC]

There needs regulation and a proper flow of money that can happen in bitcoins.

[Deamindit]

There have been topics like this before also and bitcoins cannot replace banks.