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Author Topic: Soon we would not need banks  (Read 3662 times)
senin
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September 01, 2018, 03:59:04 AM
 #121

If someone does not need banks, it does not mean anything. Banks are always needed by the state and it will never close banks, as banks serve the economy of any country. Seysas, in fact, banks have become part of the state and while there will be states, banks will work. Therefore, all these conversations that the banks will soon disappear, have no basis.
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Kotone
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September 01, 2018, 04:01:43 AM
 #122

If someone does not need banks, it does not mean anything. Banks are always needed by the state and it will never close banks, as banks serve the economy of any country. Seysas, in fact, banks have become part of the state and while there will be states, banks will work. Therefore, all these conversations that the banks will soon disappear, have no basis.
nope. i don't think it will be happen. in one country the government and the banks are the most needed to regulate it as good before it run. if the banks disappear it will be like that they're money country would disappear too because banks are the only place when were made the money country. and i am sure government not allowed it.

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September 01, 2018, 04:16:11 AM
 #123

There's no CEO of Bitcoin. And I really believe that we really don't need bank now or soon. Bitcoin will do that, we are decentralized, we can send payments virtually, without going to any bank. We just need our personal Bitcoin wallet and internet connect to send or receive payments.
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September 01, 2018, 04:35:00 AM
 #124

Of course, when people start to use gold again then bank will not get enough income to operate their business. Until now I don't think that bitcoin will be the main currency of the world. Even people only comsider it as an asset. Maybe bank will be dissapear not because of bitcoin but real gold.

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September 01, 2018, 05:13:00 AM
 #125

The blockchain technology has made good things and soon we would not need banks because i love to use crypto even at different countries we can use this currency and for a business man it is golden opportunity that they have different coins for different transactions.

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September 01, 2018, 05:38:43 AM
 #126

Well, maybe yes for us who early in crypto world. We have enough knowledge about it but there are still people who not totally improve regarding technology. So both will be here bank and crypto, ut is essential for different types of people. We will be on crypto and professional worker will be on bank

ajuelnah akun
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September 01, 2018, 06:13:52 AM
 #127

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.
do you mean replacing fiat currency with bitcoin entirely?
you can only fantasize, it will never happen at any time,
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September 01, 2018, 06:18:50 AM
 #128

I think he meant people who are already in cryptoworld, not the entire planet.
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September 01, 2018, 06:54:53 AM
 #129

Unfortunately, that is not true.
The majority of us is still depending on banks like we are depending on fiat money. As well as states and governments are depending on them too.
Having in mind that only about 2 percent of people in the world are using Bitcoin and cryptocurrencies you will realise that this is utopia.
Still Bitcoin is excellent alternative to fiat currencies and banks and with its success it has made them to make some changes and improvements in their businesses and relation to clients.

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September 01, 2018, 07:00:13 AM
 #130

Banks are not there just for providing money custodian services, there are other features - crypto will be massively adopted by banks and banks will remain banks, no worries.
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September 01, 2018, 07:29:17 AM
 #131

The blockchain technology is very developed, and after that we will be very convenient transaction without the bank, about 10-20 years. Sure, there will not be much banks, but it will have central banks to handle the tasks and transactions.
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September 01, 2018, 07:46:52 AM
 #132

If someone does not need banks, it does not mean anything. Banks are always needed by the state and it will never close banks, as banks serve the economy of any country. Seysas, in fact, banks have become part of the state and while there will be states, banks will work. Therefore, all these conversations that the banks will soon disappear, have no basis.
I think that could happen if there is another option to replace the position of fiat as the main currency. for example you can use bitcoin to pay anything. of course you can live without a bank but all you need is a wallet to store your bitcoin. because you spend daily needs with bitcoin
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September 01, 2018, 07:54:34 AM
 #133

I think that will happen when everyone uses crypto in their daily lives, if there are still many people who use cash money, the bank will still be needed because the bank distributes money to the public
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September 01, 2018, 08:08:12 AM
 #134

It means that they develop something which is very relevant and the new technology for the world not to depend on banks. This would proved that they can make the future of this world towards something on "banking" to "non-banking" institution.
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September 01, 2018, 08:08:18 AM
 #135

The transaction is based on the p2p principle. Banks only occur when the exchange is converted.
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September 01, 2018, 08:27:01 AM
 #136

I think that will happen when everyone uses crypto in their daily lives, if there are still many people who use cash money, the bank will still be needed because the bank distributes money to the public

it sounds like bitcoin will replace the currency in the world
I disagree and don't believe it will happen , because I still consider bitcoin to be a currency but only investment choices like gold

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Vizefog
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September 01, 2018, 08:28:29 AM
 #137

You forgot about the bankers. I think they will not be happy with this, and therefore will in every way oppose the bitcoin. Perhaps the owners of banks are to blame for the fact that the price for it so dropped compared to last year.
rickyNmorty
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September 01, 2018, 08:28:50 AM
 #138

The world can go to crypto but it will take a while. I do not think it can be soon because not all countries have heard about crypto nor blockchain. It will take much effort to achieve this.

This is true. It is far from reality as of today. We can focus on the positive effects the bitcoin can offer as of this moment. For now, we can enjoy using bitcoin with some of our transactions. Slowly bitcoin will reign around the world and that is the time that maybe the banks will be gone.
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September 01, 2018, 08:38:38 AM
 #139

Banks are such an organization that will offer mountains, and in the end you can stay with nothing.  They can find employment in any case.
Gontxi
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September 01, 2018, 08:46:53 AM
 #140

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.

I'm not sure, until now it never happened. I think we all agree that banking is still very much needed until the next few decades. and the main factor, the financial world must have regulations that are the legal umbrella. and crypto doesn't have that.
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