Quote from: Finestream on February 13, 2017, 07:15:32 AM

Quote from: diegz on February 13, 2017, 07:06:11 AM

Quote from: Liang_Kubur on February 13, 2017, 06:44:59 AM

Possible, when most people turn their transactions to the bitcoin, surely this could make banks deserted and eventually disappear. We all know that the existence of the bitcoin much modify traditional transaction systems to be more easily and effectively.

Thinking about even 1/5 of the people of the world to use bitcoin is highly unlikely. But anyway, if lots of transaction was made into bitcoin, I think the bank is the one who is going to shift to bitcoin. Lets not forget that bank owners are clever, and they are flexible enough to meet what their customers needs.

Banks are regulated, they cannot easily just shift to something that is not centralized. Bitcoin is decentralized by nature and that actually attracts the bitcoin enthusiast, we feel we get the privacy when using bitcoin as we can do illegal activities online easily. Like for me, gambling sites are illegal in our country but with bitcoin I can do it easily. With that, I have to say, it is not only income that bitcoin can give but entertainment as well.

Before, when I gamble, I need to fund transfer money from my bank account which I don't find it attractive as my information is so exposed with the 3 party people, and when you to expose you are at risk.

Don't forget that exchanges holds both fiat and bitcoin. Crypto currency exchange and banks has only small difference. Some banks holds foreign currency too. So, with that, banks are capable of holding other things that has value. Besides, they too is getting more and more digital now, so probably in the near future, a bitcoin bank would really come true.