Quote from: harizen on May 16, 2016, 12:33:22 PM

Quote from: romero121 on May 16, 2016, 09:06:10 AM

Quote from: jerelimZ on May 16, 2016, 08:38:44 AM

Quote from: saiha on May 16, 2016, 08:13:30 AM

Quote from: uname on May 16, 2016, 12:46:28 AM

I thought it could not. for now. This is a stupid thing. bitcoin is a currency which could possibly be an option to bank deposits if one day it happened? nothing that requires two fought ?

I don't think this will very happening, it may happen for some instance but percentage of this to be happening is very poor. Banks would rather choose to the fiat money because people used to it. And it has been use for a very long time.

Exactly, people have more faith in banks and fiat currency, and they will continue to use it in future too as any digital currency cannot replace banks so easily.

Right now people believe and have much faith upon banks , as people were not much aware of the bitcoin and the digital currencies that's been used in most countries. Soon situation might change when adoption goes high.

It's not about being faith in banks.

It's just a matter that bitcoin can't really touch all those people even they like to use it as bitcoin can only be accessed online since it's digital currency.

Dollar (Cash) is the same way. The Bank only holds a small percentage of cash on hand at the bank. Everything else is digital.