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Author Topic: Soon we would not need banks  (Read 3491 times)
SusanAnn
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September 28, 2018, 01:46:39 AM
 #521

Because bitcoin are more convenient and effective than bank transaction, i think soon we will not need banks
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paragon07
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September 28, 2018, 01:49:17 AM
 #522

This is not true. Banks will always bank of the people who want to save their income of their permanent job.
Thekingofgodnd01
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September 28, 2018, 02:11:50 AM
 #523

There will be no time that conventional banks will not be in existence. Both crypto and fiat money will be working together. The fiat money will be for the folks who are not yet cryptocurrency ready. While those  who are a brace with crypto will forge ahead. Government must be in control of some sort of currency which will be the fiat money through their agent central banks. Bitcoin will never be centralized otherwise it will lose the nature and the principle. So nobody will love to tamper with what the bitcoin is made up of. Once this alteration is done there ends the bitcoin.It is true that bitcoin is the future of transaction.
cjinny
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September 28, 2018, 02:26:48 AM
 #524

We cannot escape the bondage of banks as long as the bank still exists in the world. Banks are the most successful conspiracy tools to deceive humans by lending money to their customers with regulations that benefit banks. We are already very dependent on the services provided by banks even though they are detrimental, so our bulshit does not need a bank.
Siti Nurbaya
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September 28, 2018, 03:10:59 AM
 #525

Even though Bitcoin is global, we still need banks to exchange it for fiat.
Indeed, there are many conveniences in crypto, and not all needs can be fulfilled by Crypto because not all stores will receive Crypto, maybe only a few shops or companies that make payments with Crypto.
So we will still need a bank to get fiat.
Faraha_JJJ
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September 28, 2018, 03:51:51 AM
 #526

Day of virtual coins will come, but I would say it's not gonna happen soon. Banks are pressurizing it's local governoment to avoid Crypto transcation. there are too many hurdles, this is not the right time for Crypto to take over fait. Say around another 10 years it could be possible.
killat
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September 28, 2018, 04:13:42 AM
 #527

Personally, I think and hope also that in the future banks will be history.

However, I don't understand the love/hate relationship with crypto on here. So much of the world is under banked and crypto provides another option for conducting transactions fast and cheap. Many companies are starting to use blockchain in their business and you may be using it already and not even know. The tech is there and it will grow further.

If network lightning will go live, this will be a huge step into a huge cryto adoption as payment method.

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Aurora Castro
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September 28, 2018, 04:33:45 AM
 #528

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.

The world went crazy, because the cryptocurrencies are crazy and that is why they are unique. These are opportunities presented by the history of mankind so that a person can have more money than he ever thought he would have.
kokobaba880
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September 28, 2018, 04:55:40 AM
 #529

Banking industry is very huge so i can not say that we would not need banks and for now i hope that banks are good in dealing international transactions it is clear that the Digital currency like debit cards and credit cards become possible through banks and ever we will need it every thing comes banks will still operate in the world.

genuin
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September 28, 2018, 05:10:12 AM
 #530

you are wrong if one day we will no longer need a bank, but the bank's position can be replaced because of the presence of global blockchain technology. When compared to banks, blockchain technology is easier to transact.
ElsieHSeder27
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September 28, 2018, 06:18:17 AM
 #531

The time will surely come yet there are numerous more strides to experience first. We should all watch out for venezuela and the petro, in the event that it works there then venezuelan banks should begin stressing.
putrisa
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September 28, 2018, 06:25:30 AM
 #532

I think the bank will not only be silent. I am sure the bank will continue to exist and I am also sure that the bank will improve their platform by combining with cryptocurrency so that it will keep the bank there and there will still be many who use the bank.
saaux
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September 28, 2018, 06:37:06 AM
 #533

so the crypto has not yet been legally binding on other countries because of one of the banks preventing the crypto from being in the countries, knowing that they would be deprived of the country when crypto allowed them to enter it.

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naily
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September 28, 2018, 07:06:04 AM
 #534

I am sure there are some people who still use paper currency and do not understand digital currency so they have the right to keep using paper currency and still use the bank to store assets they own and I think the future will still need a bank
Roidz92
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September 28, 2018, 07:21:12 AM
 #535

banks became just some private associations for take the money away from idiot people. That's it, people put money in the bank and believe they are safe, but lately, you are lucky if you still have your money in 10 years. Keeping your money in banks ( also outside ) you lose 2-3% /year cause inflation, AND the banks can collapse anytime.. look in greece, look in italy, there are tons of cases where people lost money because they keep all their saving in the banks!
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September 28, 2018, 07:47:35 AM
 #536

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 Bitcoin Cash CEO said I thought would happen, why! because now we are in the Age of the Internet and many great people say that we will face the Era of Decentralization, we just wait until the time will answer  Wink

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thenameisjay
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September 28, 2018, 07:55:13 AM
 #537

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 think there is still balance between fiat money and cryptocurrency in the future. A lot more people, specially the poor ones, would use fiat money instead of cryptocurrencies because it is more accessible compared to the latter. But eventually, cryptocurrency would dominate in the possible 5th generation.

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aileenc
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September 28, 2018, 08:20:46 AM
 #538

I think it is not true that we would not need banks. The bank's role will just be different. I am sure that they will combine with crytocurrency to provide many who use the bank a different kind of payment service.
syntac
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September 28, 2018, 08:23:14 AM
 #539


in time it might happen and not bluff again. because so far the progress of bitcoin and crypto has peaked rapidly in the world market, and in the world community's sense of use is more practical, flexible and easy. this is evidenced by the level of poverty in the world began to decline dramatically, they are enjoying more now because it greatly helps the wheels of their economy much better.

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September 28, 2018, 02:00:38 PM
 #540


in time it might happen and not bluff again. because so far the progress of bitcoin and crypto has peaked rapidly in the world market, and in the world community's sense of use is more practical, flexible and easy. this is evidenced by the level of poverty in the world began to decline dramatically, they are enjoying more now because it greatly helps the wheels of their economy much better.


Great point mate. Bitcoin system can surely support world poverty and help to rise country economic by the new technology behind it. Its process might be more profitable compared to traditional banking system if it is fully recognized and regulated.

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