Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
stadus
on 07/10/2016, 03:59:45 UTC
That is not going to happen in our life times!!  There are to many older people who do not trust much, let alone something they can not see such as Bitcoin.  There are also to many money hungry people out there who are not willing to let the money from bank fees go away.

well most probably you are right about it, but i think with bitcoin everything is possible to be honest

A lot is possible with the bitcoin but I think that letting banks disappear is not possible, they are just so powerful and due to that its almost impossible to accomplish this ever.

As you said, almost impossible but there is still a small chance it can happen. Maybe given time, it can happen. But I think it is better if they both exist so that we can have a choice in what we want to use.

I honestly do not see this small chance and I also do not think this wil happen, the fact is that the bitcoin is strong but banks are still twice so strong if you are asking me.
Not only twice, bitcoin is just one economy and if you combined all the banks in the world we are just very small.

Bitcoin has its unique purpose and it cannot make all the people to adopt because some people especially those who are holding a bigger amount of money in their bank accounts wants some security which bitcoin cannot offer. The security we are talking here is not only limited to safe keeping but also the economy, fiat is way better and fiat needs banks for its people.