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Author Topic: Bitcoin can be superior to banks?  (Read 2038 times)

Offline Bobcrypto

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Bitcoin can be superior to banks?
« on: April 11, 2022, 02:59:12 PM »
It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?

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Bitcoin can be superior to banks?
« on: April 11, 2022, 02:59:12 PM »

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Offline mlawson71

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Re: Bitcoin can be superior to banks?
« Reply #1 on: April 14, 2022, 04:30:21 PM »
The statistics imply that massive crypto adoption will happen in the future - according to a recent research among some 30k people, 40% of 18 to 35 year olds are currently planning to use crypto assets as a payment method for both services and goods. The trend has increased by 10% since 2021. By 2024, the research states, 23% of all online businesses will be adopting crypto payment methods. Whether that will translate as supplanting fiat currencies however, remains to be seen.

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Re: Bitcoin can be superior to banks?
« Reply #2 on: April 15, 2022, 08:03:04 AM »
It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?

Yeah , If many people have prediction bitcoin will do to banks what email did to post industry.
I think It might happen soon.
We still know many traditional banks, and bitcoin will never need banks for their existence.
Bitcoin is digital assets, and the future technology.
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Re: Bitcoin can be superior to banks?
« Reply #3 on: April 15, 2022, 10:31:31 AM »
There is a big possibility for that since adoption of Bitcoin in particular and cryptocurrency in general is continuing though it is not as dramatic shift as we are expecting and it can be because there are factors and forces beyond our control. Then, we are seeing many banks also offering Bitcoin so it is possible that rather than totally replacing banks, Bitcoin ca be adopted by banks and there can be seamless connect between the two industries.

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Re: Bitcoin can be superior to banks?
« Reply #4 on: April 15, 2022, 12:30:24 PM »
It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
What does it mean? Do you mean Bitcoin to be the bank for everyone?
I only assume Bitcoin can be a currency and the income source for many people, not sure whether everyone is involved. There should be always some people who disagree with the Bitcoin concept. They don't want to use Bitcoin or even take advantage of Bitcoin. We cannot expect much from these types of people.
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Re: Bitcoin can be superior to banks?
« Reply #5 on: April 16, 2022, 04:30:07 AM »
It must be remembered that banks are still needed for transactions that may not be able to be done by bitcoin, so there is not yet yet in my mind that bitcoin will be able to replace all the roles that exist in the bank.
Even though it must be recognized that Technological Advancements Cannot Be Avoided and the Need with Bitcoin Can Also Continue to Grow. But it must be remembered that there are still still very much needs with the use of conventional banks very much needed.
Wrong One Example, How Can it Deducting The Needs of Traditional Markets That Are Still Doing With Fiat Transactions? Of Course, The Banking Needs Will Be Able To Resolve It, Not With Other Transactions.
It must be remembered that bitcoin is not all countries can accept and there are still problems that will always occur.
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Offline Edward

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Re: Bitcoin can be superior to banks?
« Reply #6 on: April 16, 2022, 05:31:10 PM »
Most likely, at first, bitcoin will simply become part of the banking system, perhaps its advanced part. This is happening now in some countries.

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Re: Bitcoin can be superior to banks?
« Reply #6 on: April 16, 2022, 05:31:10 PM »


Offline bayiajaib

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Re: Bitcoin can be superior to banks?
« Reply #7 on: April 16, 2022, 07:48:45 PM »
Then, we are seeing many banks also offering Bitcoin so it is possible that rather than totally replacing banks, Bitcoin ca be adopted by banks and there can be seamless connect between the two industries.

I think I agree with you, It will happen bitcoin could adopted by banks, seems connect between two industries.
Fiat money and digital currency.
But maybe It will happen soon when the government allow bitcoin, we will see.

Offline Cakra bumi212

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Re: Bitcoin can be superior to banks?
« Reply #8 on: April 18, 2022, 12:38:27 PM »
Cryptocurrencies replacing fiat money in everyday life in this transaction is a little impossible, because not everyone understands and understands about crypto transactions, because every crypto user also acts as a bank and crypto transactions also require more accuracy when compared to fiat money.
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Offline elbans89

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Re: Bitcoin can be superior to banks?
« Reply #9 on: April 18, 2022, 04:47:25 PM »
Cryptocurrencies replacing fiat money in everyday life in this transaction is a little impossible, because not everyone understands and understands about crypto transactions, because every crypto user also acts as a bank and crypto transactions also require more accuracy when compared to fiat money.

Yeah, It's possible to happen, Crypto currency will replace fiat money but just for online payment methods and investment.
I don't think crypto currency will be offline payment methods.
It's impossible.
Crypto currency needs internet connection.
The government also will against crypto if crypto is a threaten
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Re: Bitcoin can be superior to banks?
« Reply #10 on: April 18, 2022, 05:59:44 PM »
Cryptocurrencies replacing fiat money in everyday life in this transaction is a little impossible, because not everyone understands and understands about crypto transactions, because every crypto user also acts as a bank and crypto transactions also require more accuracy when compared to fiat money.
Cryptocurrency, including bitcoin, cannot replace the currency of states in principle. Developed states will not agree to this, and without an appropriate decision of the legislative body and the government, this cannot be realized. And for a significant part of the population it will be unacceptable even from a technical point of view.
Also, cryptocurrency cannot replace the current banking system, because banks still perform a lot of specific functions for servicing the economy of each state and servicing the financial and economic activities of enterprises of all forms of ownership. Therefore, all this is just reflections and empty fantasies.

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Offline ritiktakyan01

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Re: Bitcoin can be superior to banks?
« Reply #11 on: September 19, 2022, 05:47:55 AM »
Yes, I think. Bitcoin can be superior to banks. Because the coming sum is a digital age and bitcoin is a digital currency.  So bitcoin can grow a lot more than banks in the coming time.

Offline satpol_PP

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Re: Bitcoin can be superior to banks?
« Reply #12 on: September 19, 2022, 05:51:39 AM »
It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?

Yeah  I think we all know bitcoin has  potential be superior to bank.
But It needs process, the government should have rule to allow bitcoin at their country.Thats my opinion
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Re: Bitcoin can be superior to banks?
« Reply #13 on: September 20, 2022, 06:21:20 AM »
This will still happen in the near future, but I don’t think it will be bitcoin, I think stablecoins can soon replace dollars, because many speculators already work in exchangers with stablecoins, what prevents them from being introduced into the banking system? Yes, in principle, nothing but the bureaucratic component.

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Re: Bitcoin can be superior to banks?
« Reply #14 on: September 20, 2022, 09:55:32 PM »
It may come to reality that Bitcoin in many people points of views, that "Bitcoin will do to banks what email did to the post industry".
In personal opinion, I that this statement can be very possible in near future, What do you think?
I think both are different thing.
Bank has been supported by the government and we all know the government didn't allow bitcoin.
Although bitcoin can do like bank.
But I think bitcoin is remaining bitcoin as digital assets and will be.

 

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