Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
whizter
on 07/11/2016, 18:50:43 UTC
I don't think that it will disappear banks as banks are already have much works to do and their work is not only to store money for people but they are also maintaining the financial affairs for governments and for different organizations.

The bank's tie with the government is the one that keeps it surviving and not just the money... That is why it will be difficult for bitcoin to make banks disappear, bitcoin could only substitute the money but not the other transactions that banks are holding...  Smiley
but i think bitcoin can disappear banks, but in one condition, if all the people of the world start using bitcoin and stop using fiat currency,and then banks will automatically disappear, but i think it is not possible in present time it will tame decades as most of the people still do not know any thing about bitcoin.