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(p.18)
Author
Topic: Can Bitcoin make Banks disappear? (Read 427679 times)
Wobberdk
Full Member
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Activity: 126
Merit: 100
Re: Can Bitcoin make Banks disappear?
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
Hero Member
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Re: Can Bitcoin make Banks disappear?
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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Re: Can Bitcoin make Banks disappear?
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
Full Member
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Merit: 100
Re: Can Bitcoin make Banks disappear?
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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Vave.com - Crypto Casino
Re: Can Bitcoin make Banks disappear?
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.
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WhatTheGox
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Re: Can Bitcoin make Banks disappear?
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
Newbie
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Activity: 21
Merit: 0
Re: Can Bitcoin make Banks disappear?
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
Member
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Activity: 98
Merit: 10
Re: Can Bitcoin make Banks disappear?
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
Newbie
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Activity: 1
Merit: 0
Re: Can Bitcoin make Banks disappear?
February 17, 2016, 06:32:10 AM
#349
Yeah. everyone still using bank.
CryingMidget
Sr. Member
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Activity: 434
Merit: 250
Re: Can Bitcoin make Banks disappear?
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.
jonathgb25
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Re: Can Bitcoin make Banks disappear?
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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Re: Can Bitcoin make Banks disappear?
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
Sr. Member
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Activity: 420
Merit: 250
Re: Can Bitcoin make Banks disappear?
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
Full Member
Offline
Activity: 193
Merit: 104
Re: Can Bitcoin make Banks disappear?
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
Hero Member
Offline
Activity: 798
Merit: 500
Re: Can Bitcoin make Banks disappear?
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...
Pattart
Hero Member
Offline
Activity: 1190
Merit: 500
Re: Can Bitcoin make Banks disappear?
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
Hero Member
Offline
Activity: 658
Merit: 500
Re: Can Bitcoin make Banks disappear?
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
Sr. Member
Offline
Activity: 252
Merit: 250
Re: Can Bitcoin make Banks disappear?
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
Hero Member
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Activity: 1610
Merit: 549
Be nice!
Re: Can Bitcoin make Banks disappear?
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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Activity: 154
Merit: 100
Re: Can Bitcoin make Banks disappear?
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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