Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
stadus
on 06/09/2016, 02:30:30 UTC
I think it's possible theoretically only. People are not ready to stop using banks. Peer-to-peer system is like something mythical to them. 
It is possible for Bitcoin to take over a bank but to be honestly think that the change of that happening are almost at zero.
The chance us bigger that Bitcoin would be taken over by a bank.

You are wrong as bank do not work only to save and transact our money , only in some duties bitcoin will replace banks while in all other duties which bans have will remain with banks and for that banks will survive.

Right. We people have different ways of thinking. Some are not open to this kind of idea. If you are a bank owner what would you prefer? Will it add some profit in me? What if's and a lot more questions will pop up.

Well of course for the people who are working in the banking industry they will not allow that they are going to be conquered by bitcoin. Because they
are going to lose their job if this is going to happen. But I think this is really impossible to happen or else the bank itself is going to adopt the bitcoin
to their service.
The people around banks arent worryed with bitcoin, because bitcoin is powerful but limited, some things you cant do without banks, do you able to get a loan of 40 years to buy a house with bitcoin? As i know the big loans requests are with 1 year, and there is no sure the person who took the loan will repay.

Well you have the point with it that is why banks are going to exist forever because they are the ones that people are depending more rather than with
bitcoin because those people doesn't even know bitcoin yet. And there is no agency in bitcoin that is going to lend you big amount of money just to buy your dream house / car unlike banks.
Some already have the idea about the existence of bitcoin because it is widely promoted in the internet but conventional mind of thinking of the people is they do not trust easily as there are a lot of scams in the internet, when bitcoin will not be back by the government will not be known to the people and they will still stick with the bank.