Bitcoin x banks

[Johannson]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

[Arroware]

as far as I think investing in bitcoin and bank are equally good, but for me it's still nice to save money in bitcoin than we keep it in the bank, because the opinion of the dibank is very low compared to bitcoin.

[Theb]

So what is the effect you are talking about? Because if you are talking about a negative effect I don't see one on Youtube to telivisions. T.V.s still has a lot to offer from good shows you won't watch in youtube like Breaking Bad, Game of Thrones, The Walking Dead, yes Youtube channels can review episodes of shows but they can never shor the full content of the show. Both of them offer different kinds of content as they are protected by copyright laws which Youtube strictly follows. Yes Youtube has a lot of visitors but TV channels are affected by their video streams.

So here we are linking Banks to Bitcoin again. Banks are not scared of Bitcoin and if they are not accepting deposits coming from Exchanges it is because of regulation filed by their government, it is not their own decision. Banks main way of earning is Lending money and storing your money is just a part of their business. As long as someone needs a loan from them they won't be threaten from Bitcoin.

[Johannson]

So what is the effect you are talking about? Because if you are talking about a negative effect I don't see one on Youtube to telivisions. T.V.s still has a lot to offer from good shows you won't watch in youtube like Breaking Bad, Game of Thrones, The Walking Dead, yes Youtube channels can review episodes of shows but they can never shor the full content of the show. Both of them offer different kinds of content as they are protected by copyright laws which Youtube strictly follows. Yes Youtube has a lot of visitors but TV channels are affected by their video streams.

So here we are linking Banks to Bitcoin again. Banks are not scared of Bitcoin and if they are not accepting deposits coming from Exchanges it is because of regulation filed by their government, it is not their own decision. Banks main way of earning is Lending money and storing your money is just a part of their business. As long as someone needs a loan from them they won't be threaten from Bitcoin.

Just about decentralizing content: now you can make videos and have people watching then, you can make money, marketing , and all these sorts of thing without being on TV.  Youtube is established.
With Bitcoin you can trade without a bank. Bitcoin is not established as yt is.

[BrewMaster]

Just about decentralizing content: now you can make videos and have people watching then, you can make money, marketing , and all these sorts of thing without being on TV.  Youtube is established.
With Bitcoin you can trade without a bank. Bitcoin is not established as yt is.

youtube is completely centralized! it is controlled by a company (Google) and they control and own your content even if you created and shared them there. and they can close down your account and delete all your content if they see fit.
a decentralized video sharing would be something like torrent where you have to actually share your content and nobody can block it because it is stored by multiple peers.

[carter34]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

Yeah, your post about youtub and television is true. Youtub brought an alternative to visual media and I think that is going to replicate again in the financial system where digital currency transaction would be the preferred choice because it is easier, faster with high level privacy.

[mrtryonebiggums]

A couple of banks are beginning this year which means it isn't that far off. But to have the impact that Youtube did on streaming and creating television, I would think that development would take at least 5 years if not closer to 10. Switching banks is a major thing in life and you don't want to do it and not be absolutely sure. For that reason I think the trust will take a long time to build but once the trust is built then the transfer over will be much simpler.

[Theb]

So what is the effect you are talking about? Because if you are talking about a negative effect I don't see one on Youtube to telivisions. T.V.s still has a lot to offer from good shows you won't watch in youtube like Breaking Bad, Game of Thrones, The Walking Dead, yes Youtube channels can review episodes of shows but they can never shor the full content of the show. Both of them offer different kinds of content as they are protected by copyright laws which Youtube strictly follows. Yes Youtube has a lot of visitors but TV channels are affected by their video streams.

So here we are linking Banks to Bitcoin again. Banks are not scared of Bitcoin and if they are not accepting deposits coming from Exchanges it is because of regulation filed by their government, it is not their own decision. Banks main way of earning is Lending money and storing your money is just a part of their business. As long as someone needs a loan from them they won't be threaten from Bitcoin.

Just about decentralizing content: now you can make videos and have people watching then, you can make money, marketing , and all these sorts of thing without being on TV.  Youtube is established.

So what you are saying is that there is no point on advertising on tv channels now because there is Youtube. If that line of thinking is correct then why are there still commercials being shown in televisions? Why are there still advertisements being shown within the show? Why are they even airing something in the first place? It is because even if you can show your ads in youtube there are still other target audience out there that are watching programs in a television also there are older age group where they prefer watching there tv sets rather than streaming something in their phone or tablet.

With Bitcoin you can trade without a bank. Bitcoin is not established as yt is.

Uhmm You ca even trade in the stock exchange without a bank, you only need one if you are either funding or withdrawing your money from a broker. Just like some cryptocurrecy exchange where they have an option to wire transfer your money to your bank account.

[Rath_]

So here we are linking Banks to Bitcoin again. Banks are not scared of Bitcoin and if they are not accepting deposits coming from Exchanges it is because of regulation filed by their government, it is not their own decision.

My country has not regulated Bitcoin yet and even there isn't any clear law describing which tax citizens should pay for their income from cryptocurrencies (including mining, trading, selling). Most of the banks here block transfers to crypto exchanges for additional "security". Unfortunately, some of them stop providing their service to their clients if they sell and buy cryptocurrencies using fiat. Hopefully, Bitcoin ATMs are slowly more common here. Our Ministry of Finances finally declared that they will take care of cryptocurrencies soon.

[budz0425]

The best way is to invest in both of them, but so far now my priority is to have an investment in bitcoin, that is what I am focusing right now, as it is not profitable to invest in banks compare to bitcoin, since banks are just offering a limited interest rate for your investment.

[fabioganga]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

I agree 100% with you. Bitcoin and the blockchain technology will indeed shape the financial future ahead of us. We are only still scratching the surface of what its potential is.

I also agree that the impact that it will make on everyday's life will be more and more evident.

Blockchain technology is really such a great change in the way we even conceive money and exchanging that it will prove to be an invention the likes of Internet itself, telephone, tv, radio and the likes.

[BTCeminjas]

Luckily here in my country, our government did not put any law regarding bitcoin and other cryptocurrencies. But our banks refusing bitcoin transaction to transfer into a bank account if they noticed that it is related to cryptocurrency transaction they cut your account in the bank.

Well, I must prefer both investment or storing my currencies, I have a bank account and also I have a wallet for my cryptocurrencies wallet.
So far I have known it better to have both just go with the flow.

[Mister1k]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

Very hardly it takes around 10 years from present time. Banks will be optional for the people to have the fund but international corporates and Governments try to pull down the bitcoin for sure as they are that much techy and if government steamline the payment in bitcoins then all should be under one pipeline.
Those corrupted people will not allow bitcoin to grow up.
Still we have more potential projects comes to market and they will get the marketplace in control mate.

[kolesozw]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

One day... may be.

I think that this is not possible at the current usability of crypto-currencies.
Crypos are still focused on a tech nerd and the technology is far away from the usability for mass adoption.

[Roboabhishek]

It's hard to say that bitcoin will ever be able to replace banks like youtube did to tv because countries need regulations and the thing with bitcoin is that you just cannot regulate it, no matter how hard you try.

So how far from that  you guys think we are now?

Only if the government makes a similar token of bitcoin and start using it in the country for various transactions then it should work ( with bitcoins it will surely not work )

[maarx]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

Just look at the number of investors pitched into crypto currencies than share markets with local currencies. This would confirm you the result. Investors have turned towards crypto currencies. The local currencies moments and circulation have decreased compared to days when crypto currencies were not in exist. Yes, crypto currencies especially Bitcoin will make the same effect to banks that youtube did to television (at least). I am sure it began long back. We are far ahead to this.

[Spaffin]

Since your reasoning is so vague that it is difficult to understand what is at issue, but the title of the topic is bitcoin and banks, I can say that banks have existed for a very long time and will exist as long as the state exists. Banks are an indispensable attribute of each state. Crypto currency can not replace banks and can not affect them so much that banks have stopped their activities or significantly changed it. Crypto currency and banks will be forced to exist together and in parallel with each other.

[dollarneed]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

Nah I don't think so bitcoin will never replace bank like youtube did to television (though youtube is not completely replaced tv) . Instead of adopting bitcoin they will make their own centralized cryptocurrency, or just adopt blockchain technology. If you ask banker why they afraid of Bitcoin the answer must be same as post office afraid of email service.
Let's be real this will never happen.

[BillCoin]

Let's hope that it is not the case, as youtube didn't do a lot of damage to the television, as most of the people still watches television shows on a daily basis.
A better example is what video did to the radio, people stopped listening to radio as they can both watch and listen to videos.
Bitcoin is still not prepared to overcome the traditional currencies and it can't still fight against the governments in order to get legalization.

[aso118]

I really believe that Bitcoin will make the same effect to banks that youtube did to television ( at least).
This statement was made in a documentary from a long time ago that I watched.

So how far from that  you guys think we are now?

We will never get there. Can Bitcoin help you with a mortgage to buy a house? Bitcoin may put PayPal out of business, but banks will always be there. There is only one aspect of banks (money transfer and payments) which will be affected by bitcoin and even in this case, they are fighting back.