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    Author Topic: Can Bitcoin make Banks disappear?  (Read 427679 times)

    • Wobberdk
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    February 16, 2016, 06:31:18 PM
     #341
    banks are the worst nightmare and bitcoin is a life saver but still i don't think bitcoin can make banks disappear i think bitcoin still needs some time to make a place in everyone's mind. people's blindly trust on banks but don't trust blindly on bitcoin...

  • lister storm
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    February 16, 2016, 07:13:31 PM
     #342
    yeah it can make the bank system disappear, but we will have to wait for a few years i think, time can help to do everything

  • Kevin77
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    February 16, 2016, 08:29:19 PM
     #343
    Quote from: lister storm on February 16, 2016, 07:13:31 PM
    yeah it can make the bank system disappear, but we will have to wait for a few years i think, time can help to do everything

    Yes, due to better security, now a days itself people do not prefer to hold and use hard cash. We all prefer plastic cards(ATM cards). Now itself bitcoin can be used to refill these cards. I guess already bitcoin has started to dominating banking system.

  • treeguard
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    February 16, 2016, 08:35:26 PM
     #344
    no i dont think that bitcoin will ever make banks disappear because banks are very strong and most probably bitcoin will not beat it

  • romero121
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    February 16, 2016, 08:49:07 PM
     #345
    Making banks get disappeared is not simple. From the observation I understood the banks might increase their technological development, else banks which adapt bitcoin technology would come into existence.

  • WhatTheGox
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    February 16, 2016, 08:58:27 PM
     #346
    Quote from: OrangeII on February 16, 2016, 05:47:59 PM
    Quote from: uname on February 16, 2016, 02:23:12 PM
    Quote from: bitlancr on February 16, 2016, 02:19:19 PM
    I think that can not happen. Many people must use their banks. And I think older people dont even know what Bitcoins are.
    Maybe in the future there is a chance that can happen. But we dont know what can happen later in the future.
    Yeah. everyone still using bank. perhaps for at the moment. there is no chance for bitcoin to take over fiat
    You're right, moreover bitcoin is still not well known throughout the ears of society. it would be something fishy if bitcoin suddenly replace the function of the bank, it probably will not happen

    Bitcoin seems to be the thing half of the mainstream have heard of but dot understand it. The next time a bubble comes all these people will freak out saying they've heard about it and wish they got in sooner.

  • aureliano85
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    February 16, 2016, 11:00:40 PM
     #347
    I think bank will develop bitcoin services. For example some european banks nominated a "Head of blockchain and virtual currencies"!

  • Druze
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    February 17, 2016, 06:08:06 AM
     #348
    banks will never disappear, they may change and adapt to new things, but they will never be gone
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  • mfvccacm
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    February 17, 2016, 06:32:10 AM
     #349
    Yeah. everyone still using bank. Roll Eyes

  • CryingMidget
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    February 17, 2016, 06:34:37 AM
     #350
    Quote from: treeguard on February 16, 2016, 08:35:26 PM
    no i dont think that bitcoin will ever make banks disappear because banks are very strong and most probably bitcoin will not beat it

    I wish bitcoin to arise against bank, If comes, Bitcoin is easy to send to anywhere. Instead of filling out forms with your address, credit card to use. Its very much user friend than Fiat cash.

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    February 17, 2016, 06:58:23 AM
     #351
    Not really they could make banks disappear because banks are the ones that also give revenues to the businesses having account on them by giving interest revenue every month. Do you think bitcoin can make chinabank go at its lowest state?
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  • barbara44
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    February 17, 2016, 08:19:06 AM
     #352
    It is inevitable for the banks in future to provide services based on bitcoin. Banks will be forced to adopt bitcoin for their survival. I do see this is a possible way of bitcoin takes over the traditional banking system.
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  • Bitcoinbro
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    February 17, 2016, 08:44:00 AM
     #353
    It its possible for sure but it will not happen, because the banks will not let it happen they are hating the bitcoin.
    There will come another digital currency that will make disappear the banks.

  • mickiya
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    February 17, 2016, 11:24:42 AM
     #354
    Quote from: Bitcoinbro on February 17, 2016, 08:44:00 AM
    It its possible for sure but it will not happen, because the banks will not let it happen they are hating the bitcoin.
    There will come another digital currency that will make disappear the banks.

    If bitcoin becomes the top 10 currency in the world, the bank will open business to bitcoin and use it as a money.

  • diegz
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    February 17, 2016, 11:53:23 AM
     #355
    Quote from: Druze on February 17, 2016, 06:08:06 AM
    banks will never disappear, they may change and adapt to new things, but they will never be gone

    Yup., that is true,, banks are into money business, and adapts in many situations already,, they might try bitcoin or the same kind in the future...  Smiley

  • Pattart
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    February 17, 2016, 12:31:45 PM
     #356
    Quote from: lister storm on February 16, 2016, 07:13:31 PM
    yeah it can make the bank system disappear, but we will have to wait for a few years i think, time can help to do everything
    nope. system of bank will constantly updated, they will be more advanced in technology. bitcoin will not be able to make bank unused

  • ajun96
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    February 17, 2016, 01:29:11 PM
     #357
    Quote from: lister storm on February 16, 2016, 07:13:31 PM
    yeah it can make the bank system disappear, but we will have to wait for a few years i think, time can help to do everything
    I will says its cannot dude, basis for technology and facilities, banks more have a better factor. and the bank also covers the whole world, for at the moment, impossible bitcoin could make banks dissapear

  • nanonymousx
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    February 17, 2016, 02:40:00 PM
     #358
    That's only the words of extremist of bitcoins fans and field IMO, I think it's still too early for bitcoin to actually replace fiat or change the financial system. Bitcoin can be a great currency on the online field and for conducting transactions throughout the world.

  • Jemzx00
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    February 17, 2016, 03:09:04 PM
     #359
    Absolutely not , banks could just adopt into the currency of bitcoin from which there would be bitcoin banks ...
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  • btcltccoins
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    February 17, 2016, 04:06:09 PM
     #360
    I don't think so that bank can disappear so easily. Even if they do, it will take decades. You cant finish the current banking system in few years. Also for this to happen, bitcoins should be an option in every store , in every transactions. and offcousre awareness of bitcoin is also a major factor.
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