Quote from: SingAlong on April 25, 2017, 08:52:29 AM

Quote from: Betwrong on April 25, 2017, 08:40:39 AM

Quote from: phaddie on April 25, 2017, 12:59:28 AM

Banks are not going anywhere even if bitcoin gets on the mainstream there will be many people who will prefer to use banks and save their money in it as they feel that banks are the most safest place to save their money which is actually true.

This is true in more economically developed countries but there are many others where you can't rely on banks and in those countries Bitcoin is a better option. So Bitcoin will never make banks disappear if even in undeveloped countries situation will be changing for better, but if in countries like USA or Germany banks become unreliable then Bitcoin might replace them, at least to to an extent.

The Bitcoi and the bank can work together and be together as the economy progress in a much more digital inclined transactions or exchange but I guess for now it is not possible but there are a lot of things that will happen in the future that may open the path to make it posssible.

Bank and bitcoin can't work together because bank is centralized while bitcoin is decentralized, so if they combine together then bitcoin will no longer be decentralized the bank will take control of bitcoin and they will manipulate the market because they control the bitcoin in the first place, so i think they are not suitable for each other. They are both different and they work by their own and not together.