Banks against the crypto

[TheUltraElite]

Banks do not even need to adapt after the appearance of cryptocurrency. They will continue to work in their normal mode, since they are fully under state protection. Banks, most likely, will lose a part of their clients due to cryptocurrency, but this will not particularly affect their operations. They will always have enough work and sources of profit.

Although the bitcoin community talks about overthrowing the banks this is something that is impractical and absurd. It wont happen in the next few years at least. What can happen is the growth of bitcoin and the acceptance as an alternative mode of payment and a currency. It does not necessarily need to take over the banks. Fiat will be there in future as well as crypto. There needs to be a balance between the two.

Since people take crypto as more of an investment today I see a good future in the hodlers of bitcoin and their profits. Let banks continue to do their thing, and let crypto people do their thing.

[Lambe Ndumble]

the bank against crypto is certain and in a very long time it will certainly be difficult for the bank to be willing to accept crypto because it is feared by the bank if people use digital currency for transaction and thinking tools will also leave cash

Banks will certainly follow government policies, if the government banned bitcoin, the bank will never accept bitcoin, and this is what makes the development of bitcoin is very slow.

[tendenc]

I anticipate the deposit desire not vanish, as until instantly thither are yet various nation that get regulation and limitations on cryptoccurency. And as the use of the deposit has a immense affect on the thriftiness of a state.

[Ailmand]

Banks will stay and eventually adapt cryptocurrency and block chain technology in the banking system to be able to cope-up with the trend. Of course, they will have to adjust for them to survive, or else people will not be using banks anymore in the future, if they will remain the same.

[jjjfff]

the bank against crypto is certain and in a very long time it will certainly be difficult for the bank to be willing to accept crypto because it is feared by the bank if people use digital currency for transaction and thinking tools will also leave cash

Banks will certainly follow government policies, if the government banned bitcoin, the bank will never accept bitcoin, and this is what makes the development of bitcoin is very slow.

That's also why you've got banks in remote places becoming crypto destinations. Not all countries run their bank regulations the same way.

Crypto is decentralized : there's ample opportunity around the globe!

[Pamadar]

the bank against crypto is certain and in a very long time it will certainly be difficult for the bank to be willing to accept crypto because it is feared by the bank if people use digital currency for transaction and thinking tools will also leave cash

Banks will certainly follow government policies, if the government banned bitcoin, the bank will never accept bitcoin, and this is what makes the development of bitcoin is very slow.

That's also why you've got banks in remote places becoming crypto destinations. Not all countries run their bank regulations the same way.

Crypto is decentralized : there's ample opportunity around the globe!

For people who can take the risk and willing to adopt changes, yes indeed opportunities are open and things can work out around the globe, more positive
reviews will allow people to realize that this market will become huge incoming time, they just need to start working out with their knowledge to take advantage of such opportunities.

[Manuscr]

That is ludicrous. Who affirm trusts would dissappear as of crypto. When you create zillions of dollars in crypto where would hold your cash safety? Is not the cants.

[ofKJVb]

In my conclusion it each conditional on on us. Equitable instantly everybody is inactivity this ETF affair on the other hand we should not aid almost it in the basic position. Bitcoin is permissionless. So reason the hach we are inactivity representing any form of leave? It undamaged loony to me. It like that humans get lost what cryptocurrencies rise representing. Counterintelligence resistivity and permissionless. Whether cambers are yet hither in 10 age so we desire be aloof gullible body of sheep.

[ofcalled]

Reason would you add that botanists would move ahead out each as of cryptocurrency. Both deposits and cryptocurrency are economic institutes on the other hand meshing on a dissimilar program and dissimilar adjustment.

[Butpow]

I anticipate cryptocurrency is itself not a deposit or humans buoy 't be just their have deposit, so deposits desire doubtlessly develop on the other hand not definetely vanish.

[Inendth]

In ordering representing thither to be a full fall down of the banking process, cryptocurrencies have to be 30 period stronger than instantly. I anticipate that the banking process is that cryptocurrencies buoy daunt just in idea.

[Centur]

I ambition cants desire admit cryptocurrency representing costs in forthcoming or desire decrease their profits gross and slowly die. VISA, MasterCard desire admit crypto pay with deposit playing-card rather or next as they assume 't wish to miss profits.

[anodyne]

For now, the banks can still go on its way even the crypto currency is on its way too. The decentralization is one of the best thing I want and gladly be in our future of financial institution. For me there is high possibility that the in the coming future the revolution of crypto currencies will come at hand and be availabe around the globe.

[boyptc]

Banks will certainly follow government policies, if the government banned bitcoin, the bank will never accept bitcoin,

I doubt it that banks will 'never' accept bitcoin.

Ofcourse it's a policy that the banks should follow if ever the gov't will have that kind of policy.

and this is what makes the development of bitcoin is very slow.

Your standard is too high, progress and development of bitcoin isn't slow.

[Japinat]

For now, the banks can still go on its way even the crypto currency is on its way too. The decentralization is one of the best thing I want and gladly be in our future of financial institution. For me there is high possibility that the in the coming future the revolution of crypto currencies will come at hand and be availabe around the globe.

The decentralization might become popular in the future, but it will not replace the bank in the financial system.
Bank is very powerful, the fact that they create money and we have a bank which are govern and owned by the government, we are talking of their interest at risk here, so do you think they will allow the decentralization to take place and they will loss power? I don't think so.

[climatev]

Deposit desire never vanish as of cryptocurrencies and we get to recognise that representing cryptocurrencies to modernise banking organizations have to be included and it have to decentralised. Bitcoin has proved to be a process deposit buoy victimized.

[Manuscr]

It could on any state that full hold Cryptocurrency on the other hand I greatly dubiety whether it could wholly create deposit vanish all the more administration are hooked on cants and any deposit is owned close to the administration, they desire hold on existent they buoy lettuce be or they buoy make their have disc.

[Artemis3]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

They will adjust, but not all of them. The simple solution for banks is to embrace Austrian economics and go full reserve banking, they could also join exchanges and provide the bridge during the transition from fiat to crypto era, which might take a century.

"Remain in power" is a misnomer, perhaps their power is getting weaker, perhaps. Usually fiat currencies are controlled by the State rather than private banks, but there are exceptions such as Hong Kong where its 4 private bank groups that take care of the HKD.

They can still do lending, but they have to do it using full reserve rules. That is, no making money out of thin air. If a customer decides to open a lending account, and the bank lends it to another customer, that money becomes unavailable doing that period.

Of course they can still do plenty business, such as finance, credit, and safe keeping; again using full reserve rules.

[Ozero]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

Banks will not even need to adapt. Cryptocurrency does not affect the world around as much as many people think. She  will remain at the level of one of the non-cash forms of payment and can only go along with the national currencies of the states.
Nothing threatens banks from cryptocurrency at all. At a minimum, they will provide fiat cryptocurrency exchange services, as well as perform other operations with cryptocurrency if it is beneficial to them.

[sakokinak]

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

They will adjust, but not all of them. The simple solution for banks is to embrace Austrian economics and go full reserve banking, they could also join exchanges and provide the bridge during the transition from fiat to crypto era, which might take a century.

"Remain in power" is a misnomer, perhaps their power is getting weaker, perhaps. Usually fiat currencies are controlled by the State rather than private banks, but there are exceptions such as Hong Kong where its 4 private bank groups that take care of the HKD.

They can still do lending, but they have to do it using full reserve rules. That is, no making money out of thin air. If a customer decides to open a lending account, and the bank lends it to another customer, that money becomes unavailable doing that period.

Of course they can still do plenty business, such as finance, credit, and safe keeping; again using full reserve rules.

I believe that we will see the times when banks will start to work with the cryptocurrencies. People will finally understand that Bitcoin was given to us to make our life a bit better.