Ninjastic
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Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
goinmerry
on 21/09/2016, 04:19:21 UTC
Quote from: agamasrori on September 21, 2016, 03:30:30 AM
Quote from: stadus on September 21, 2016, 03:02:55 AM
Quote from: batang_bitcoin on September 21, 2016, 01:48:33 AM
Quote from: JessicaSe on September 20, 2016, 05:19:08 PM
Quote from: BitFinnese on September 19, 2016, 06:15:43 PM
Quote from: dhimasnk on September 19, 2016, 08:14:41 AM
I also agree with you all. bitcoin might not make disappear the bank, because the bank is a financial institution that is essential for the international economy

We share the same thought, banks  will never disapper even if bitcoin become international currency.  The reason is that bank isn't for money storage alone.  Banks are also used to store precious metal or delicate documents which is locked inside it's vault.  So even if Bitcoin control the currency, bank will simply find its way to adopt in the situation and taking advantage and earning out of it.

We don't see any strong reason behind bitcoin replacing banks, as bitcoin is too small in compare to banks and banks holds support from the society and Government, where people don't have much faith in bitcoin.

Yeah, it is really hard to believe that bitcoin is going to make banks disappear and even though bitcoin is having high value at all. Banks will always be there because all the people need banks for a country. But I am thinking that this is be possible that the bitcoin are going to be adopted by banks but they are not able to make it disappear.
Not gonna happen, even in the future, bitcoin is just created by an anonymous person while banks are created by the government a long time ago, therefore if you will analyze it is impossible to make a trusted entity disappear just to welcome an anonymous asset or currency.
Banks Is the most secure place to keep our money although there are so many fees we need to pay for administration and etc. bitcoin Wallet is needed for some one that wanna lower fee to keep money. bitcoin world can be help someone that wanna find a way to get second resources. Bitcoin and bank, both is important.

They are still businesses so they get their profits to those  fees. Unlike bitcoin there is no physical thing, no need to rent a space for it to move. Those online wallets are the one taking fees for the capital they paid when they bought it and some more for employees income. If you have a offline wallet then there is no problem.