Quote from: Vaskiy on March 08, 2017, 09:44:45 AM

Quote from: Gameroid on March 08, 2017, 09:39:32 AM

Quote from: whale123 on March 06, 2017, 03:16:31 PM

Quote from: CEJ on March 06, 2017, 03:07:45 PM

Yeh it might be a possible caus if bitcome gain more popularity than liquid cash or any other kind of e-cash transfer..but this will not happen in near future..it may take long time for bitcom to gain popularity..

Its hard to believe that banks will completely disappear in future as banks are the most strongest financial institution that we have and comparatively bitcoin is very young and small and even if it becomes more popular in future there will be many people and businesses that will be dependent on banks for their transactions.

yes that is really difficult to believe that banks will disappear. because most of the people of the world are depending on fiat and fiat are mostly concern with banks therefore banks will survive for ever.

Yeah. Banks won't disappear because of bitcoin or some other financial aid similar to digital currencies. Now if the entire usage is calculated bitcoin usage is very much low compared to the fiat that's serving the human population. Soon or later bitcoin will get increased popularity than the present but won't get considered as primary source.

I think the real question that is; What kind of service would banks provide, in order to stay relevant, if Bitcoin were to become the dominant currency?

Banks would not disappear as long as most people are still using fiat money. But they could still exist of Bitcoin becomes the major currency. Many centuries ago, banks came into existence by acting as a safe for storing people's money. As people stored their money in the banks, the banks started lending this money out and collecting a fee from the lenders. Then, later on, they started offering some portion of this interest to the depositors. If Bitcoin would become the major form of currency, the banks could offer special security services for securing Bitcoins, and they could also lend money on behalf of people who store their Bitcoins on the banks secure servers.