Re: Can Bitcoin make Banks disappear?

I don't think it can... Rather I would predict to be a co-existing situation with bitcoins and banks. For example, I am using HSBC while I am using ANX, no conflict with each other.

I share the same option with you in the short term. However, it is hard to say in a long-term perspective. The appearance of companies like ANX will certainly bring large pressure to the traditional bank industry. Let's wait and see how everything moves on.

can you explain more detail? I know that bitcoin and blockchain is a innovation idea. but it has touch the the core of government and bank(I still believe that money value come from military power). Why they still let these company growth?

I think it is kind of innovation and the size of these companies (e.g. anx, bitpay) are not big enough to threaten the position of traditional banks at this moment. Maybe 10 yrs or 20 yrs later, government may intervene.

Yeah, i also think that bitcoin will hard to make bank disappear. Because bitcoin don't have enough power to do it. Must through many processes to make bitcoin more useful rather than bitcoin and then makes bank disappear.

Yes it is very difficult and I think although bitcoin has been a lot of changes and very advanced I think it still will not make banks disappear because it is a very difficult and unlikely in my opinion. Banks and bitcoin not influence each other.