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jupppo
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September 30, 2018, 07:04:56 PM |
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TH word 'soon' is optional. I think that he meaned some years. But it's impossible, our governments will probaply ban crypto at all rather will give chance to kill banks.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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SistaFista
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Activity: 1638
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Hexhash.xyz
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October 01, 2018, 07:39:56 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.
Why ? Peoples still need the bank for saving their money, get loan from bank, etc. I think what you mean is we won't need any more fiat currency. If the world going for crypto, there will be banks in cryptocurrency to store crypto, get crypto loan, and other things in cryptocurrency. |
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kdiag
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October 01, 2018, 08:08:13 AM |
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banks always remain in their places, it is more likely that banks themselves will use their own cryptocurrency for settlements.
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bitfocus
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October 01, 2018, 08:29:47 AM |
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Yes, but that "Soon" is actually a few decades.
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Piggymonster
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October 01, 2018, 08:36:55 AM |
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It is because bitcoin is decentralized and use peer-to-peer technology to operate without any government, banks or any financial institution most people say that it will kill off banks. But I think, banks will one day adapt bitcoin because they also play an important role to stabilize our financial system. Central banks and the government will work together for the betterment for the country and its people.
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Shimmiry
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★Bitvest.io★ Play Plinko or Invest!
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October 01, 2018, 08:54:38 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.
We cannot really say that it will happen in an instant. But the thing here is, bitcoin or cryptocurrency continusly sread, and with this more and more people are using it therefore the bitcoin will be used worldwide and this will result to that kind of scenario. Bitcoin is the future for sure. |
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Ruffian1314
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October 01, 2018, 09:19:25 AM |
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For me its not yet decided because we all know that there's a lot of things that will be needed to do before that happens. Maybe it is just he's prediction that Bitcoin will be the future money and replaced the fiat money. There's a possibility that it will happen in the future due to Bitcoin potential in financial world.
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jtrapirap
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Staker.network - POS Smart Contract ETH Token
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October 01, 2018, 09:33:07 AM |
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I guess banks will still exist in the future but somehow fiat usage will be surpassed by cryptocurrency usage. Someday when some issues on crypto will be fixed such as the scalability issue and high TX fees, the majority will realize then how useful this technology is. Considering its positive benefits as being decentralized, fast and somehow secure. Awareness and basic knowledge on how to secure your asset here in crypto are prerequisites to startup this field.
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leexhin
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October 01, 2018, 09:47:27 AM |
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I think even if the crypto blooms we would still use the bank.
We would still use Fiat because we couldn't really trust the internet .
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Mideafan
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October 01, 2018, 09:49:02 AM |
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The strong development of the crypto market makes future transactions without banks. You do not have to spend time and effort to go to the bank for traditional transactions, just the internet and the phone you can trade anywhere you want. Technology 4.0 will help you do that.
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Suguha
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October 01, 2018, 10:38:42 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.
his words may be come true because as the time goes by the technology is upgrading do it is not possible that we will not ne needing banks because in bitcoin our money is fully secured and I think bitcoin never be bankrupt because there is no people who manage and handled it. |
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emberbekas
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October 01, 2018, 11:14:46 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.
his words may be come true because as the time goes by the technology is upgrading do it is not possible that we will not ne needing banks because in bitcoin our money is fully secured and I think bitcoin never be bankrupt because there is no people who manage and handled it. We cannot deny the role of the bank that we have long used. If for example, in the future crypto will be used as a payment method throughout the world, I hope it will not erase the role of the bank. Every country has its own rules regarding finance, so if only crypto is to be used, there will be many problems that arise. |
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iTradeBit
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October 01, 2018, 11:21:36 AM |
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We don't need banks even now. I can order a card on the Internet, call to support and ask them any question. I think in future banks will be online and then they will stop existing.
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coffigayo
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October 01, 2018, 11:56:56 AM |
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I think you always need a bank to transact or save the amount of money you have. I think you are a technology developer in reducing transaction time or money transfer but still depend on the bank.
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basyang
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October 01, 2018, 12:02:00 PM |
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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.
In my own point of view, even though cryptocurrency is gradually famous we still need Banks for our daily transaction. we should not throw that easily we still need it everyday and even though crypto is easily to used in transactions, still it will never be compared to banks. Banks has many contribute in our lives especially to our economy and we need it also because it used by the government. |
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ganlianshifu1
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October 01, 2018, 12:53:51 PM |
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The cryptocurrency and the bank work together to better serve humanity!
Banks have an important position in the current economic activities, people will not give up the bank's services because of the development of cryptocurrency!
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demonz666
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October 01, 2018, 01:11:34 PM |
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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.
what do you mean don't need? of course we still need a bank. Banks are financial institutions that function to collect funds from the community and are managed for the community again. even though someday crypto is increasingly popular and more and more users. banks will still be needed as a place to borrow capital. and many companies or factories that need banks as a place to borrow capital. I think banks and cryptocurrency can run together without having to eliminate one of them. even they should be able to support each other. |
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nicster551
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October 01, 2018, 01:18:59 PM |
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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.
Of course we do. Banks offer us help for everything we can't afford. How do you expect for yourself afford a car without a load? Are you willing to pay as cash to that? |
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ETHtotheMOON1
Jr. Member
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October 01, 2018, 01:26:23 PM |
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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.
Bitcoin cash officially doesn't have CEO, although it's true that Roger Ver often seems like the one for the job. Anyway it's true the way we bank today is going to change thanks to bitcoin |
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Koalamite
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October 01, 2018, 01:41:04 PM |
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I think even we are using cryptocurrency we still need a bank.may be for now not all banks are accepting crypto transaction but their are some banks that you can transact and widraw
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