Nanagyasi
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August 29, 2018, 06:31:09 AM |
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There will be no banks you say?  I don't agree with this. How can there not be a bank. I don't think any government will close down all banks just for crypto. What will happen then to the illiterates who can't go digital??. What will that mean to a country's economy?? |
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barsharkol12
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August 29, 2018, 07:07:00 AM |
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in my opinion there is no way that in the future there will be no banks. banks are needed especially in business. crypto money is just a half of banks in the world. and i think that idea is never gonna be happen.
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peacefulpeace
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August 29, 2018, 07:17:44 AM |
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i am of the same school of thought that we will get to that point when we no longer need the banking system, because if you agree with with me, we were promised cashless society, where all transactions will become digital. Gradually we are approaching that era. And when that that era comes, the banking system will be less relevant.
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btc_angela
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August 29, 2018, 07:21:46 AM |
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i am of the same school of thought that we will get to that point when we no longer need the banking system, because if you agree with with me, we were promised cashless society, where all transactions will become digital. Gradually we are approaching that era. And when that that era comes, the banking system will be less relevant.
I totally disagree with you. Banks will not disappearing. We need banking system even if we have this cashless society growing in the future. Banks are still one hell of a institution that totally eliminating them will have a disastrous effect on any countries specially their economy. |
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xindoa
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August 29, 2018, 07:26:44 AM |
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it will be a long time before we will not need banks anymore. i hope this will be true someday but it a long long way from happening. crypto still needs to be accepted and it also that will take a while. then the adoption needs to kick in. and then we will see slow changes. imo
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nicko122
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August 29, 2018, 07:26:54 AM |
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I do not know how banks can disappear from our lives, it's too old and a popular place to store your savings. Many people simply can not live without banks.
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admosfir
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August 29, 2018, 07:44:02 AM |
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if the use of bitcoin is increasingly widespread and many people use bitcoin in transactions, the bank will no longer be useful because everyone who uses bitcoin has its own bank
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Roberttran
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August 29, 2018, 07:47:23 AM |
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The presence of blockchain and crypto help us no longer depend on the bank anymore and if the government accepts bitcoin as legal money, the bank will no longer be meaningful. But I think the government will never let this happen. Because the bank is mostly owned by the government.
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dimbaba
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August 29, 2018, 07:53:54 AM |
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crypto still needs to be accepted and it also that will take a while.many country still see crypto as a threat to financial policy and this has led to some of them banning crypto. It's fiat currency that we keep at banks and so if everyone has moved to crypto then we will have no use for fiat anymore.
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oceantiger
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August 29, 2018, 07:54:21 AM |
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There will still be conventional banks even if the whole world turn to cryptocurrency. This is so because it is not only withdrawing and deposit of money that is being done in the banks, others like loan, payments of bills, selling of stamps ,securing of luxurious items and time deposits and government bonds issuing. So banks will still be there for some of these things.
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Maestro75
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August 29, 2018, 08:02:14 AM |
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The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
Roger Ver is not an authority in cryptocurrency. He may be the CEO of BCH and own a lot of it but his words do not count much. Also, how will the true value of cryptos be known if paper money do not exist? Not possible. |
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Tambu
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August 29, 2018, 08:05:16 AM |
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The Ceo of Bitcoin cash recently stated that soon people wouldn't be needing banks anymore.Does it mean the world is going crypto soon or he is just bluffing.
Come on guys, it just mere publicity. If you promote a product you will say good on what you have a say something subtly bad on others. Banks will not end on our generations. Do you think banks owners and investors will allow that bank will become irrelevant? it won't. |
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teklang01
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August 29, 2018, 08:33:49 AM |
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Bitcoin and blockchain technology is created to give people a foolproof, guaranteed records of human transactions, entirely without reliance of a banks. It means that when all the people used bitcoin, then the banks won't be needed anymore.
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TheGodFather
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August 29, 2018, 08:37:27 AM |
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Bitcoin and blockchain technology is created to give people a foolproof, guaranteed records of human transactions, entirely without reliance of a banks. It means that when all the people used bitcoin, then the banks won't be needed anymore.
there's no proof that wr not need banks soon. not because the cryptocurrency are good ? remember, the bitcoin will not flow in one country if the government doesn't allowed it and we know that they choose the banks over these cryptocurrency no matter what good it is. so stop predicting and just go with the flow, maybe you will ended in hurting yourself . |
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Sergey698698
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August 29, 2018, 08:41:57 AM |
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This is again a marketing move in order to increase the rate of its cryptocurrency.I don't think the banks will go missing.All governments will not allow this to happen.
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minhkhoa
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August 29, 2018, 08:55:22 AM |
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If sent by Bitcoin (BTC), in most cases the fee will be less than 1 USD. With the current charging formula, there will be $ 1 million fee will be only a few tens of cents, even from anywhere in the world.
Also, one way to minimize the damage is to use Bitcoin to transfer money. Bitcoin networks now play a role similar to clearing houses or interbank transfer networks such as SWIFT, with shorter transaction execution times and much lower costs.
So we will not need to transact through the bank to lose so much money.
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Gregory Brown
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September 01, 2018, 02:13:54 AM |
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It seems CEO feel confident about their major with Bitcoin. Did they state that Bitcoin will dominate the currencies all around the world?. But with this situation of Bitcoin now, I see just a bluffing. Bitcoin can not be replace money soon, at least, it needs a long long time to replace almost money all around the world.
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Samuel Borges
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September 01, 2018, 02:15:01 AM |
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I think this topic only means that CEO is couraging the situation of Bitcoin now.
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Najam11
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September 01, 2018, 02:25:00 AM |
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Yes why not.  |
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Naughty Princess
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September 01, 2018, 03:48:31 AM |
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This is my opinion too since I first met my bitcoin. As a person working in the banking sector today, I do not think the banks will survive in the near future. Cryptocurrencies can change the financial system completely.
I do think it will not. Banks will stand where it is even crypto exists because many are choosing banks where to store money safely even me. When you do not want to used for investment, much better when you store it on something secure and it still grow even small interest. |
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