Quote from: MONKEYJUNK on November 08, 2016, 06:38:59 PM

Quote from: wxa7115 on November 08, 2016, 06:29:28 PM

Quote from: PacePay on November 05, 2016, 09:48:19 PM

Quote from: wxa7115 on November 05, 2016, 09:26:03 PM

Quote from: klopcoin on November 05, 2016, 04:01:08 AM

Right now there is no such thing the can challange the banks. Their monopoly is just to strong.
Perhpas if some big wall street firms step in with bitcoin venture we can see this happeningMany people need some normal banks. Some people doesnt even know what Bitcoin is.
So how it is possible to make the banks disappear. First we must introduce Bitcoin to them and that it is maybe possible later in the future. Do you think so ?

I dont think we are going to see any kind of open defiance against banks, they are too powerful and will try to crush any competition the only reason they cannot crush bitcoin is for its decentralized nature.

sometimes I think that banks do not have any hostility with bitcoin and they will also like accept bitcoin in their system but as it is not approved by the governments for their uses so they are unable to use it and that is why they want people to use only their own system for now until they adopt bitcoin.

Personally I see it from a very simple perspective, banks will not like any competition at all and since bitcoin is capable of covering a substantial part of their business I don't think they have any desire to embrace it.

Competition? Bitcoin is money, if they found a way to earn with bitcoin, they will do however the bitcoin marketcap is low and I think that big banks have more money than this. In the other side of the coin, they will just use the blockchain because bitcoin users don't like banks.

There's no competition for the two, bitcoin is just a currency that we can use specifically for online transaction, however bitcoin has no value at all without fiat, so we are just inferior with banks. I believe all users of bitcoins here knows about bank and most probably they also have deposits in banks.

If I ask an bitcoin enthusiast, would if be fine with you if you do not have fiat money and you spend your bitcoins online only?