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rltim555
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October 20, 2018, 10:44:23 AM |
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yeas it can, but I doubt that it will happen in nearest 5 year.
Blockchain is in the early stage and we are far away from mass adoption.
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Turkish88
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October 20, 2018, 10:51:00 AM |
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Blockchain have one way actions, its not possible for banks.
What banks need to do if personal make miss transaction ?
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Help to Ukrainian citizens
ETH donations adress - 0xe23CB47AC32F0b8750d4D0Dd4e160Fa6F8fF30EF
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deeplilac
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October 20, 2018, 10:57:56 AM |
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
It would be great, but unfortunately, at the moment it is unreal. The whole world needs to learn what crypto is and appreciate its benefits. It seems to me that this is a very long process. Of course, using crypto is much more convenient, faster and cheaper. |
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Dandyhunter
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October 20, 2018, 10:58:49 AM |
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I think that the banks will not die. After all, banks are concentrated in the hands of large bankers and officials, and this means that the government will protect them.
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verguat33
Jr. Member
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Activity: 80
Merit: 2
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October 20, 2018, 11:51:38 AM |
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
i think blockchain wil be used as a replacement for banks and also i feel banks will be in great need because less and less people would require their services, just as echange maybe Of course blockchain can replace traditional banks and in the future we will see this. Blockchain technology will do anything for our ease and everybody will happily accept this technology. When you make your transaction without using any bank, there would be no need for banks. Cryptocurrency investment is far better than bank accounts. Therefore the role of banks will crash. |
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ParabellumLite
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October 20, 2018, 11:51:49 AM |
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
It would be great, but unfortunately, at the moment it is unreal. The whole world needs to learn what crypto is and appreciate its benefits. It seems to me that this is a very long process. Of course, using crypto is much more convenient, faster and cheaper. Today a friend of mine boasted that XPR had transferred $ 50 million just 2 cents and within seconds. However, I do not think that by this blockchain will be able to replace the bank. There are many other things that blockchain does not have, blockchain support bank will be more reasonable |
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el_lobo
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October 20, 2018, 11:57:53 AM |
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Banks will certainly not be replaced by blockchains or cryptocurrencys and i am pretty sure about it.
I have read, the first banks are already testing blockchains and they will definitely use them in the future.
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bartusv
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October 20, 2018, 11:26:49 PM |
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Banks will use blockchain technology for their services and they will also invest in projects connected
to crypto. There is rising interest for new technologies and banks are having the infrastructure to handle
this demand.
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missyqt29
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Merit: 10
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October 21, 2018, 04:58:56 AM |
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
Not a total replacement but a substitute to the effective transactions of bank. Well, blockchain technology for me is much much better in transaction speed compared to banks. In this times, we are bound to the internet of things where we buy and sell products and it is very effective when we apply blockchain instead of bank. |
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slasher0489
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October 21, 2018, 05:08:14 AM |
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No way it can be replace banks, but it is possible that banks will use blockchain technology as one of their features, it will not totally replace banks, even though blockchain is more reliable and more safer than banks.
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sh4dtechnr
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Activity: 434
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October 21, 2018, 05:12:48 AM |
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
It is quite possible, but if this happens, then, apparently, not very soon. Humanity must be ready for this. Anyway, there will be a resistance of the system, new people should come with a completely different mindset, the old fart should leave. |
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tautelar
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October 21, 2018, 05:44:08 AM |
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It will never happen. Banks may start using blockchain technology, but these financial institutions will not disappear. Today it is impossible to imagine an economy without banks.
People feel that they need banks and they feel that they need crypto yet some don't invest their time reading what is they are doing. |
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Egenen
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October 21, 2018, 06:05:11 AM |
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I wouldn't say they would but banks will play a limited role in the future
They may not be able to know how to win against crypto so they might just join it while expanding the price. |
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Mytoken
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Fast, Smart, Trustworthy
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October 21, 2018, 08:19:08 AM |
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Banks will not be replaced. The problem of insufficient knowledge reserves can't judge you should learn. Don't forget that the emergence of banks has created the financial industry. The cryptocurrency is only the future financial industry. Blockchain is just the core technology. Future banks will also have it.
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craked5
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October 21, 2018, 08:29:48 AM |
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blockchain will not replace banks but banks could use blockchain in their service. this will give lot of advantages, such as tranparency, transaction speed, security.
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Saint1990
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October 21, 2018, 10:16:51 AM |
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No. Blockchain is a technology while bank is an organization. They can't replace each others.
Well said bank and blockchain are different, blockchain is the technology and on other hand banks are the organisation. Blockchain technology can be used or adopted in the process improvement of banking works to enhance and make more productive results such as data management, faster transaction etc |
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binhvo1505
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https://streamies.io/
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October 21, 2018, 10:19:16 AM |
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
I think not. The bank has existed for a long time and it serves all types of customers. People who do not understand technology are still able to access the bank. Blockchain technology is really a great technology but it requires customers to have knowledge of it and some cumbersome operations. So I think blockchain technology only reduces the influence of the bank. |
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rippar
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October 21, 2018, 10:30:05 AM |
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The current trend of blockchain is very high, couple with it's ability to execute millions transactions within seconds, few transactions cost and no third party is require or paper signing. All transactions recorded and kept open, taking alway cross border and languages barrier, excellent in e commences. So many features to change the world. My emphasis is can blockchain has the capacity to replace bank?
I think not. The bank has existed for a long time and it serves all types of customers. People who do not understand technology are still able to access the bank. Blockchain technology is really a great technology but it requires customers to have knowledge of it and some cumbersome operations. So I think blockchain technology only reduces the influence of the bank. Why not? Sure, it will be difficult to teach people how to use a distribute ledger technologies, but later we will see that it is great to manage your money without any intermediaries! |
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testadimerlo
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October 21, 2018, 10:35:57 AM |
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Perhaps not completely but surely it's possible to create an interesting ecosystem. From the tech point of view (and that of the trust, of course), there are still many things to do.
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pinoy.bolanon
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"In CryptoEnergy we trust"
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October 21, 2018, 10:50:18 AM |
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Nope, it would not happen, banks are quasi entity of a certain country and it's a controlled by the central banks so it would not happen that Blockchain could replace banks.
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