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Author Topic: What would happen to banks?  (Read 10753 times)
St4yInTh3D4rk
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January 29, 2019, 08:03:55 PM
 #481

I suppose that banks will easily adopt cryptocurrencies technology. Furthermore, banks can also promote popularization of cryptocurrency offering different services. So, it would be unlikely for banks to disappear in nearest future.
But why they need to do,if the crypto currency becomes main stream currency then we just need our wallets to store any amount of money with high security.They are not going to promote anything because cryptos were made for decentralized means to kill centralized traditional banking system.

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January 30, 2019, 05:04:22 AM
 #482

I suppose that banks will easily adopt cryptocurrencies technology. Furthermore, banks can also promote popularization of cryptocurrency offering different services. So, it would be unlikely for banks to disappear in nearest future.
But why they need to do,if the crypto currency becomes main stream currency then we just need our wallets to store any amount of money with high security.They are not going to promote anything because cryptos were made for decentralized means to kill centralized traditional banking system.
If they will allow to get killed, they will fight for the centralized system as they have invented it and people are getting used to it.
Decentralize is more transparent and it's quite new to most of us, people will prefer those that are safe and that's easy to use.
Crypto is quite complicated for an average joe.




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January 30, 2019, 06:14:48 AM
 #483

In my opinion, the banks will still be active since we still needs a fiat money in our traditional markets, and also for sure many banks will be adopting the changes and they will evolve also depending on market.
St4yInTh3D4rk
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January 30, 2019, 07:46:00 AM
 #484

I suppose that banks will easily adopt cryptocurrencies technology. Furthermore, banks can also promote popularization of cryptocurrency offering different services. So, it would be unlikely for banks to disappear in nearest future.
But why they need to do,if the crypto currency becomes main stream currency then we just need our wallets to store any amount of money with high security.They are not going to promote anything because cryptos were made for decentralized means to kill centralized traditional banking system.
If they will allow to get killed, they will fight for the centralized system as they have invented it and people are getting used to it.
Decentralize is more transparent and it's quite new to most of us, people will prefer those that are safe and that's easy to use.
Crypto is quite complicated for an average joe.
But the fact is decentralized system is more secured than centralized one and it is not much hard technology to use it because people no need to understand it if they want to use it.

Or how many of the people in this world knows how money was made and why we are using it?

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January 30, 2019, 10:01:24 AM
 #485

Banks are the chain dogs of the government. They will not disappear anywhere, I assure you

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January 31, 2019, 11:10:51 AM
 #486

Perhaps in some future, the banks will also transfer partially, or completely to a cryptocurrency, they will have no choice if the majority of people use the cryptocurrency, and this will happen soon

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Veil


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January 31, 2019, 04:06:05 PM
 #487

The post is very educative and informative as well.
You did well poster.
I usually laugh when some people say that banks would go into extinction in the future because of cryptocurrency.
What these set of people do not know is that every business do try to adjust to changes to suit their teeming customers from time to time.
And that goes to show that should Cryptocurrency take over , banks would also change gear and adjust.
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February 01, 2019, 01:01:01 AM
 #488

Banks will adopting and take advantages on cryptocurrency market. Banks have a lot experience in financial sector and i think bank will survive despite cryptocurrency market growing. Beside adoption on blockchain technology, i am believe bank will involve in cryptocurrency transaction

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February 01, 2019, 01:29:01 AM
 #489

I don't really like the bank system, especially in terms of lending and saving. why should there be bank interest which in my opinion is too burdensome. whereas if we store in crypto, our money has no bank interest and precisely the value can grow.
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February 01, 2019, 01:45:26 AM
 #490

I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction

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February 01, 2019, 01:52:03 AM
 #491

I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction
really in terms of anything the bank will remain above cryptocurrency, because banks have clear rules than those on the blockchain
security and responsibility also to the government while the blockchain is only its own responsibility

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February 01, 2019, 02:30:24 AM
 #492

I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction
really in terms of anything the bank will remain above cryptocurrency, because banks have clear rules than those on the blockchain
security and responsibility also to the government while the blockchain is only its own responsibility
That's true, we cannot beat the bank because they are run by the government and this world is also.
Blockchain is a great invention but crypto coudl be not, as when the government chooses their own and just use the blockchain
they can make crypto illegal or comply with the law that will only eliminate the decentralization.




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............SUPPORT.
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February 01, 2019, 06:18:22 AM
 #493

I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction
really in terms of anything the bank will remain above cryptocurrency, because banks have clear rules than those on the blockchain
security and responsibility also to the government while the blockchain is only its own responsibility
That's true, we cannot beat the bank because they are run by the government and this world is also.
Blockchain is a great invention but crypto coudl be not, as when the government chooses their own and just use the blockchain
they can make crypto illegal or comply with the law that will only eliminate the decentralization.

Government or central banks can create their own cryptocurrency to ban or prohibit bitcoin. I still believe central banks is too powerfull in our current economic system. Banks will adopt blockchain technology but to replace fiat money with bitcoin, i think its too far and need a long time

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February 01, 2019, 08:20:09 AM
 #494

I am agree that banks will survive. Banks have a good infrastructure in finance industry and government depend on banks and making economic growing by debt and lending. Cryptocurrency can not replace banks industry because people more familiar with banks than using crypto for their transaction
really in terms of anything the bank will remain above cryptocurrency, because banks have clear rules than those on the blockchain
security and responsibility also to the government while the blockchain is only its own responsibility
That's true, we cannot beat the bank because they are run by the government and this world is also.
Blockchain is a great invention but crypto coudl be not, as when the government chooses their own and just use the blockchain
they can make crypto illegal or comply with the law that will only eliminate the decentralization.

Government or central banks can create their own cryptocurrency to ban or prohibit bitcoin. I still believe central banks is too powerfull in our current economic system. Banks will adopt blockchain technology but to replace fiat money with bitcoin, i think its too far and need a long time
I agree. moreover banks are under government supervision and of course the government still has a lot of calculations to use bitcoin. of course there will be a new policy from the government, we will wait later. but at least with the acceptance of the blockchain making the development of bitcoin, where many countries will enter it on the stock exchange

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February 01, 2019, 09:07:40 AM
 #495

Bitcoin in this year can't spend money banks, because bitcoin's income is declining, now I have never taken money in the bank from the results of bitcoin, now I am experiencing a lot of losses
Most investors are experiencing the same fate as you but this is not the end. Bitcoin will rise again this year. Good news are gradually hitting the market - Binance announces its new adoption where credit cards can be used to purchase tokens via its Simplex Partnership, Iran in talks with 8 countries for use of cryptocurrency in Financial transactions etc.

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February 01, 2019, 06:17:20 PM
 #496

Of course, the banks will not disappear, but I think that with the expansion of the crypto currency, their functions and  their quantity will be significantly reduced.
chances are the bank will use the economic system on a blockchain and it is possible that the development of the crypto currency will be even better with cooperation with banks but requires time and process



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February 01, 2019, 06:26:47 PM
 #497

If we look at the future, when the cryptocurrency replaces the current money, the need for banks will decrease very much, but it will not disappear. And it will not disappear, because one should not forget about gold and other physical expensive resources.
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February 01, 2019, 07:20:59 PM
 #498

Of course, the banks will not disappear, but I think that with the expansion of the crypto currency, their functions and  their quantity will be significantly reduced.
chances are the bank will use the economic system on a blockchain and it is possible that the development of the crypto currency will be even better with cooperation with banks but requires time and process
Banks are not working for the benefits of people so they wil never implement Blockchain for the transaction because it will make the customer to use as they want.But if the banks are ready to accept it then it maybe appreciated more than the cryotocurrency I think.

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February 01, 2019, 08:08:44 PM
 #499

Bitcoin in this year can't spend money banks, because bitcoin's income is declining, now I have never taken money in the bank from the results of bitcoin, now I am experiencing a lot of losses

But even Bitcoin was in declined period this is just temporarily only. We just don't know when it will rise again in term of its price value.
Though, just like I never input any money in banks so far. But in my assessment bank will never be disappear instead I think they will do some innovation about their strategy about in cryptocurrency or bitcoin.
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February 01, 2019, 08:26:04 PM
 #500

Bank will still run fine but with the widely global acceptance of bitcoin, banking sectors will have to implement blockchain at the long run maybe in future to maintain their standard. Because Crypto has a potential figure to overthrone bank with this daily growth.

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