Bitcoin Forum

It can be a possibility ::)

It can never be the end of bank, most of them will adopt the technology of blockchain and integrate it with their banking system...

banks have LAWS such as legal tender, minimum wage and tax that ensure that FIAT stays in circulation. so they are not worried. cryptocurrencies do not affect their business model.

after all when one person buys bitcoin. their fiat does not burn up. it just moves to the sellers account.. meaning fiat is still in circulation .. this is why banks dont care how many cars people buy or how many iphones people buy. to a bank fiat just moves from one account to another. and that goes for cryptocurrencies too

banks will however close local bank branches and cut costs in the future
banks will change their current database model (that require tonnes of security and auditing) for a blockchain equivalent data store (research hyperledger)

eventually it will all be done via an app on a phone and if your lucky a call centre. but be sure of one thing, while there are LAWS that keep fiat in circulation. banks and governments will still control 99% of common use finance.

that said. international trades and local trades between private parties/smaller businesses will offer accepting cryptocurrency. but remember cryptocurrency is just code.. it has no voice, no arms no legs. so dont sit on your arses waiting for cryptocurrency to jump up and have a meeting with your local retailer/landlord to get them accepting cryptocurrency. if you want it to happen in your area, you have to push for it.

oh dear has no one told the OP about the lightning network ?

https://www.youtube.com/watch?v=UYHFrf5ci_g

Stop laughing, we all believed in Santa Claus once upon a time and a merry Segwit to you too.

Banks will just change their outside view to something new, but owners will be the same. The world never changes.

I agree with this comment. The bank trust is almost intact even after years of Bitcoin release, they are still trustable organizations to hold currency, especially if the law protects the customers in case of a possible bankrupt or bank fraud.

It seriously hurts central banks since they don't have full and complete control and power now, and their control will be lower as more and more people starts to use Bitcoin actively.

I believe too that at the end they will have to adapt and accept a currency they can't control inside their systems. If a the right number of people starts using Bitcoin, of course.

Very good video explaining how Lightening Network works. Thanks.

Bitcoin will not cause the end of the banks. No matter how much we love and appreciate Bitcoin and want the independence from banks Bitcoin doesn't have such power.
Banks are protected by current economic system that depends on them and in some countries are also strongly supprted by governments. They have their place in the society and can't be eliminated so easy.
So, no, Bitcoin can't harm banks.

I think banks are worried. Very soon banks will have a different meaning. They will lose commission due to the fact that people will simply pay with crypto for goods instead of fiat.
For now, yes, banks are not worried, fiat is moving from one place to another. But soon enough, crypto will move from one place to another, the banks will be pointless.

If that, I think Bitcoin will not be able to adapt to banks, nor will banks be able to adapt to bitcoin or other cryptocurrencies

End of bank has not come yet now but the banking end will soon come, if more people are know more about bitcoin and Ethermer the more.

I'm not pessimistic but I do not believe that either

Not so soon. And I think not due to bitcoin. Bitcoin will die early. No money no banks. No money  but cryptomoney - will have "cryptobanks". But it must be electricity and internet everywhere as minimum conditions.

bank will never end as long as FIAT is in the community of mankind.
how can mankind ignore bank if IFAT have a strong band with people?
remember that bitcoin is bitcoin and we are exchanging bitcoin with fiat to survive in daily living!]
as long as bitcoin is depending with the internet connection, FIAT and BANK will exist!

i think this it is impossible because they can adopt the cryptocurrency or use it as a currency also to avoid losing all their customers. but there will be a 50% that banks will end if they cant adopt it fast or legalized  bitcoin in their country.

Banks coming to an end with bitcoin to be the reason is not gonna be the real fact. Misunderstanding the reality leads to such thoughts, because bitcoin is a hard competent to the growing financial development for which it doesn't mean it'll overcome the banks.

na banks will still be desired, however the banks will lose their power, and influence over the societies

I don't expect the banks will die due to bitcoin or other cryptocurrencies. Most likely, they will switch to blockchain and become more transparent for clients.

I really doubt it

I don't think bitcoin will cause the fall of the banking system its a system protect by the state and the economy people like independence thanks to the BTC I think the banks in the long term will have to adopt the technology blockchain to have in their pocket this type of customer

Banks will never disappear. I think they will have to change the format of their work. Working with individuals will be problematic for them. But they will not be able to refuse to work with legal entities. This interaction is part of the modern economy. But where the banks will borrow working capital I don't know.

Not the end of banks per se but they will need to work together and co-exist moving forward. It may get kind of tricky as well because you have KYC AML laws on one side and on the other side you have a mainly decentralized industry in nature which will try resist such procedures. Will be interesting to see how these types of issues come to resolution, if they ever do.

it can't be denied that the development of banks around the world will be affected by cryptocurrency. Currently, many banks have to make efficiency in order to save the company and increase profits. efficiency is done in terms of labor and operational costs. Not in the future, banks will adopt cryptocurrency in minimizing transaction costs between countries.

It's silly to say that bitcoin can lead to the destruction of banks. Regular money in paper form and cashless will always exist. The state, in order to regulate the economy and plan its indicators, will always need money fiat, which are stable in price in relation to the crypto currency. Banks serve this activity of each state. Planning in the economy is impossible because of its high volatility. Therefore banks and money fiat will always exist. Banks will lose significant profits due to the introduction of the crypto currency, but will have to adapt to it and extract part of their profits from its use.

Yes. Banks are working alongside it now...they're watching closely and monitoring developments, even making money off it. If you think for one second that bitcoin is going to overthrow banks though, you're very much mistaken. It's not equipped to and its community won't allow it. I've said it before, bitcoin is almost like an alpha or a prototype...bitcoin is not going to revolutionise anything, blockchain is what's new, what's different and what'll change the internet as we know it. People here blockchain and think bitcoin, and vice versa, but one must distinguish between the two - the technology, and the store of value. Bitcoin is only worth what someone is willing to pay for it, like a commodity, it doesn't have anywhere near enough about it to be able to change the world of global finance. You can quote me on that.

The pidsibilities are high for the banks to park up giving the way the crypto business is moving but I do not think that bank ceos would just park up like that. They would want to start investing in the new currency and probably, grow a business outfit from it.

Well, at the moment, part of the government at threat is also the banks. Cryptocurrency and blockchain is a technology moving on its own path. Cryptocurrency has been in operation without little association with the banks. And I believe banks are trying to up their game by understudying the blockchain technology. The banks that don't update themselves will be swept off. So, no total eradication of banks but a collaboration.

Many are saying that bitcoin will end the banking system and I also believe it will. And this is why there's a big reaction that we can see from the banks and other government as well. But if these industries that are about to die will embrace the technology after bitcoin they can improve. Just like the saying that if you can't beat them, join them right?

Banks will disappear. They will go away with the customers money and they might spend that money on their next business idea.

The banks aren't going away just because of cryptocurrencies. They will over time adapt to the innovations in the cryptocurrency industry and incorporate them into their own systems. That process is already underway. Check out NEM. There are already a number of companies using its private block chain. There is even a token called LoyalCoin running on the NEM blockchain which seeks to consolidate all the various customer loyalty programs. Banks are already putting resources into researching the whole blockchain technology.

In the mean time, as long as you want to buy or sell Bitcoin on Coinbase... you will need a conventional bank account.

There will not be an end to banks because people will still need physical cash on hand. What they will be doing is to start accepting bitcoin for transaction and for payment, deposit and they will also can pay with bitcoin if you want. For example here in my country Nigeria there is one bank which is in partner with Luno exchange now. So I see banks will not end but will adjust to the new technology and changes.

I don't think banks will be replaced by bitcoin because banks run the world. The run our governments, they finance our wars and the profit off of every single thing that costs money (and some things that don't). I do hope that bitcoin can help reduce bank fees and improve technology. But that won't kill banks. Crypto still can't make smart loans on its own. That still takes a banker. Crypto can deal with bureaucracy or sue to reclaim an asset. But if that happens in the future things sure will be interesting!

They will change something in their model that is for sure. More of the crypto adoption will cause fiat rejection.
I don't think they will vanish.

"Never", I was about to say this. But we can't deny that there's a potential that most people will engage their wealth to bitcoin or any crypto instead of depositing it to the banks.

But the banks does have a big companion and partner to their operation and that is the government which they can demand if there is something that stops their business because they are paying the right tax in able to operate.

This is being debated by many crypto believers and bankers, I believe in bitcoin but we have to balance things.

Personally I think that everything will remain the same as the cryptocurrency on the one hand and the banks on the other hand.

I don't think it will be possible to end banks because of bitcoin, as I have already seen some crypto bank ICOs which want to basically disrupt the fiat banking systems we have but as far as I know banks are certainly not sitting idle to lose their business to cryptos am sure they will adopt this tech.

Banks have still remained, it is impossible to happen that bank will eliminate by bitcoin. Because the bank is the way that we have a fiat from cryptocurrencies if we converted on this into fiat. Besides some banks now are adapted and embraced bitcoin technology and it is called blockchain, trough this blockchain they can easy transact. But not all bank doing this. there are some banks refused bitcoin and banned their place.

Here in my country digital currency and our own money(FIAT) have same wallet in bank

I think they help each other now but in the future if digital currency continue like this well i think this is not good for bank in many ways like bank are no worth already

But still by now here in my country digital currency pay bank for transaction so they help each other business

Bitcoin can not lead to the destruction of banks. Any government will always need banks, since they serve the government in various matters requiring financial support. The development of the crypto currency will greatly push the circulation of ordinary money and select a portion of customers from banks that will incur significant losses, but banks are already restructuring to the needs of the crypto currency and will find a niche in this activity with a profit for themselves. Since banks serve any government, if there is a conflict of interest between banks and the crypto currency, governments will always side with banks and limit the circulation of the crypto currency.

For the life of this world, although bitcoin will not be able to end the bank, the bank is in great demand in the world community as a saving or channeling tool, and if bitcoins and banks go along I believe it could be better.

I do not think bitcoin will end the bank because the bank companies will not stay idle in everything that is detrimental to them. in the future maybe banks will cooperate with bitcoin, this will benefit also to the bank company.

Nope! we need banks for us to withdraw our money and to convert our own fiat into digital money for us to buy crypto token and coins, don't you think? and we need banks if we want to convert our token into fiats when we need money to buy the thing that can't be purchased by token and coins.

Seems that you have not understood what the OP is saying. OP means that banks might ends. And this means that, there will no longer be any fiat. So there is no need to convert bitcoin to fiat.

It will pull a lot of bank depositors but it won't stop the banking business to stop.
This is very possible to happen that bank will  start accepting bitcoin.
And also us.

i still strongly supported for bitcoin as decntralized currency to become world currency, but today i really admit fiat money is thge most popular currency use in the worldwide, we should know bankers hate bitcoin because their insecurity priblem, for my opinion and analysis if bitcoin and fiat currency adopt as combination currency, because bitcoin convertible into fiat and fiat can use to buy bitcoin or vice versa, i think on that idea's combination of two currency running in the status of both currency become very strong.

No it won't end any banks, bank is the center of the economic, it's the place where the government balance the country's economic, bank is needed to stabilize the economic situation, if the Bitcoin jeopardize the bank then the government will shutdown Bitcoin, bank will stay exist forever

It is not possible for banks to close because of bitcoin. Before that happens, the bank will make a way to integrate bitcoin into transaction or other capabilities to integrate the  cryptocurrency in their  banking system.

From your caption the end of bank due to bitcoin, well it bitcoin will not end bank. Having savings in the bank is a good option to those people who cannot adopt to what we called a virtual wallet. As many people using bitcoin, the bank will think ways to adopt to the new trend so they will not put aside. Banking system will just upgraded but definitely will not end.

I think people who think bitcoin can shift a bank is a madman, just imagine, people will use bitcoin as a tool of exchange, and while bitcoin is a fluctuating currency, rising and falling prices are very unreasonable, and this could endanger the economy society and even country.

No matter how prosperous BTC is, Banks will always exist!

Bitcoin is just an impact on some of the Banks' businesses, and bitcoin users can handle many daily payments on their own, without interacting with the bank and avoiding the bank's fees!

A big NO to this. In as much as we love to have bitcoin and wish it will circulate, the bank will still exist. No government of any country will ever allow their citizen to fully make use of bitcoin and abandon the bank. The government will feel they are giving a free hand for criminal and illegal spending in their state. Through the bank; illegal activities and monetary expenditures of most citizens are been monitored.

OP, do you understand what you mean? If the bank stops to exist, the there will be no fiat and no fiat means no country currency. This will never happen. How can a country exist without a currency of her own? Every country needs their currency as a symbolization. Even though we might dislike it, a country still needs the bank. Most crypto investors might not like this since they won't be getting rich turning their bitcoin to fiat.

But this is hard to happen and be a possibility, people in this world are in need of the bank, and it is difficult to pass from the world of banks.

For that to happen, we would need to bring Bitcoin and other cryptocurrencies to world adoption. But even after that happens, some people would prefer to hold money in the bank rather than depending on the market.  :-\

It's impossibe! Banks are vital institutions in any society as they significantly contribute to the development of an economy through facilitation of business. Banks also facilitate the development of saving plans and are instruments of the government’s monetary strategy among others.  Banks are possibly afraid but to Bitcoin impact in the society. Why are bankers afraid of Bitcoin’s impact? Because it will lead to ripples across the financial sector, it will create new winners and losers, and it will likely decentralize banking services and create micro markets to an extent not seen since the advances of the barter economy and the market economy combined.

No never hahahaha

Actually this statement will become possible that all banks will ends its services of doing bussiness to each every country if cryptocurrency will become legit or legalize to operate entire world,because in my own though its hard to competent in bank in terms of bussiness and services,because banks have a strong foundation in terms of economics services and  facilating the need of every depositor.the only things possible for me that cryptocurrency and banks are become united someday to serve the needs of every investor,and collaborate there strategy on how to make the  economic growth rapidly.

Banks will not end because of bitcoin, since there are so many bank operations other than store and transfer money
Economy still need lending and funding operations by banks

Banks will not die even if there are bitcoins but some sector bank functions may be replaced by bitcoin or cryptocurrency. live later the community itself who judge and will use the bank or not

I don't think so. Fiat money will still be the primary medium of payment in most of the countries despite of the developing technology. It may be possible that banks will adopt blockchain, digital currency etc, but that is unlikely to end the role of fiat money to people's lives. Digital money is far more complicated and unstable which can't be utilized to some goods and services. Also, not all people can afford this kind of medium as payment.

Is it more probable for the BTC to disspear as for the banks then the otherwise.

i doubt it the infrastructure  is not there yet but getting there .Also the banks  have be robbing people for hundreds of years there not going without a fight

Bitcoin will not end the bank, banks will have their own countermeasures, and bitcoin is the government to allow the first to pass the bank's stability lies largely in the government's policy, they support the bank instead of bitcoin.

I don't think banks will end due to bitcoin. Banks have several ways of getting their income. Banks and bitcoin may have some similarities in getting their earnings but established banks have more ways to do it. Banks may have lesser income now because of the bitcoin advent but I don't think they will close.

Yeah you are right the governments are the companion of bank so they will do something to keep the investors out of bitcoin,and we can see that already many banks are freezing the bank accounts of high flowing money from the crypto market so they are already started to scare the people that don't invest on crypto currency.So what we have to do is never convert our crypto into fiat then bank will disappear in some years because they are living with our money.

Banks not dead, last way what do banks that accept bitcoins. this will be flag what banks lose this war

Do people really think this is an accurate analogy to current situation? Global banking industry's power rivals that of most nation states. It's valued in hundreds of trillions of dollars. Get real people. At best Bitcoin should be a tiny little guy who slips between the panels.

I think most people are confusing limitless potential with established power. The banking cartels and institutions are the greatest powers on earth to think Bitcoin could rival them is frivolous and absurd.

"I care not who makes the laws in a country so long as I control it's money supply" - A Rothschild from such banking institutions.

I guarantee you the rich elite bit coin is shit.

I guarantee the moment Bitcoin becomes remotely viable to the mainstream these bankers will try to acquire it or destroy it.

We'll know if it either keeps growing and we're allowed to shop openly with it or it collapses.

Sometimes I feel the bit coin community can be utterly naive to think decentralization can be achieved...or that these banking institutions won't do everything they can to maintain control.

no, i disagree with you. however banks will be required to manage finances within a country. bank benefits pretty much on real life.
but that does not mean I do not like bitcoin, I have some bitcoin and I hold it until next year

I think banks do not like this for 5 years, but they will not just have to roll their noses from the bitcoin system, but to put up with and in conjunction with it to promote technology and to combine.

I think banks will never disappear. Bitcoin wasn't made to destroy or to eliminate banks. Im sure banks will find a way to adapt with all the changes going around. Maybe they will create something like bitcoin who knows.

I agree. A foreign electrical currency that has been developed for less than 10-15 years cannot fully eliminate the relevance of banks as every country acknowledges fiat as the main currency. Since every country has their own denomination on the prices of their paper money depending on their gold reserve, banks are there to regulate transactions among individuals per country. Since most countries prohibit the utilisation of cryptocurrencies, bitcoin cannot on its own end banking.

But if in the inevitable future once we adapt into a digitalised form of payment, maybe cryptocurrencies would dominate the market and require banks for its regulation (though I highly doubt about this due to its decentralised and volatile nature).

I don't expect the banks will die due to bitcoin  8)

I still waiting for a day i become millionaire with my 0.1 BTC  ;D ;D

Whether they like it or not, cryptocurrency is a threat to their existence.

I think bitcoin should be a cautionary note for Banks, because bitcoin is likely to become the international currency of the future, and that could directly hurt Banks' original business.

I can tell you one thing that several banks and financial institutions are in discussion about accepting blockchain technology as a service or so. That will help the adoption of blockchain and not crypto. It will make crypto popular but the adoption of crypto is still doubtful.


No. Learn more about the bitcoin network and nodes before speaking of things you cant hope to comprehend with your shitposter brain.


Actually banks are essential to common people as well. Not everybody is a cyberpunk bitcoin user even people of this forum for that matter. For daily necessities people will need to use the bank services. Both will survive for now but lets see what happens in future.

I do not think, bitcoin or cryptocurrency will end normal fiat banking. They will still be necessary and essential in the society because it has its own unique benefits that is almost indispensable. The uneducated elderly ones can not participate in cryptocurrency but they can bank in their local areas.

Definitely right, bank will still remain because people will still used fiat and also our crypto assets will also be converted into fiat. Banks has still a big rule in the society due to its services which holds golds and other assets that needs to be keep in safe. So, I think banks will still remain and will never be erased in the community.

I don't think Banks are going to die because of bitcoin. Banks are still more widely used than bitcoin. There are Banks all over the world. The legitimacy of Banks is recognised by everyone around the world, and with the backing of the state, it will not end.

Bitcoin can not do away with the banks. Rather, in the future, banks will start to trade cryptocurrency and manage it.

I think Bitcoin will not soon replace the banks. Rather, banks will adopt the technology of blockchain. And they will try to keep control over people's finances.

It will be a tough battle between banks and cryptocurrencies but I think the banks will eventually need to adopt for them to survive. In our country it is starting to happen banks having blockchain technology. Hopefully whatever happens in the end is good for everyone.

I think banker always evolve their self. as we know, recently big investment bank which is Goldman Sach just buying one big crypto exchanger and I am believe they have plan to evolve and take benefits from cryptocurrency

of course not. not all countries want to accept bitcoin as the payment instrument. so with this currency or bank is still useful and necessary and required to process payment anywhere. currently, the only even number of countries reject bitcoin so of course this makes it not all developing bitcoin in all countries and prefer cash and bank transactions and place saving money.

so definitely bank are may not end for bitcoin and bank will always to be as being to be one or joined for making as what they wanted to be for a change and as what the technology can be for.

few of us would think that it can be somehow regulate bitcoins in bank, it have chances to be that since it is a good opportunity to everyone for easier and faster transaction but risky security system (must be well implemented and take higher measures)

It will end the uses of the banks and increase the uses of remittances. But if banks will issue their own crpto currencies then that's a different future i can forsee.

It's not due to the Bitcoin but the stand of not changing and optimising the traditional working process. Bitcoin is based on blockchain technology which relies on the decentralization principles so it not only saves the time but also the cost of making the transaction, whereas banks rely on the centralisation principle which takes time to process the transaction, if banks are not transforming themselves in order to provide better User experience then but obviously people will prefer using the faster methods of doing the transactions. That's the reason why many banks are trying to implement blockchain technology in order to increase efficiency in their work pattern.

This is not going to happen in my opinion. There are a lot of people who still prefer banks because:

1) They consider bank more safe for depositing their money. When you are investing money in bitcoins, there are chances that the exchange where you have purchased the money may get hacked. It has happened in past to some exchanges and thus some people fear in investing in bitcoins. They are satisfied with bank deposits even if it gives less returns.

2) Another advantage of banks is that if some fraud happens, you can appeal to police. But in case of bitcoins, it is hard to track such incidents.

This. Banks will simply allow you to have an online wallet with the bank, connected to your current account. Some banks are already offering this, especially in Switzerland.

And in the other direction, Bitwala has applied for a banking licence in order to set up current accounts connected to their existing online wallets.

Banking will just adapt and become more efficient.

This is quite possible, but probably in 100 years or more. As long as the old generation of people who have only a need for Fiat live, then they do not need any blockage. If the blockade and the truth becomes very popular, the banks will adjust to it, but they will have more power.

I think banks will survive for a long time to come. They have a lot of political power and cryptocurrencies are just starting to get mainstream attention. It will be a while before Bitcoin and other cryptocurrencies can disrupt the banking industry. Only a small percentage of the population has Bitcoins right now and many of us still rely heavily on banks for mortgages, loans, and general banking services.

Nah I don't think so that bitcoins or crypto currencies can put an end to banks whereas it think that in few years banks can adopt the idea of blockchain technology and crypto currencies.Banks are important part of the society as they provide banking services and many types of loan which bitcoins can't provide to the people.Banks will adapt to the changes it won't go against them unless bitcoins are made illegal in that country.

No its not possible. Banks will not end because of bitcoin. As long as there is fiat money, bank will exist. As many people using bitcoin they will find ways and solution to adopt to the new trend and to the situation. Why bank will end bitcoin? Do they hate bitcoin? Don't we know that some of them are using bitcoin.

Not possible, bank exist more or less hundred of years now it will not end like that. Bank adopted every technology and innovation in banking system. Bitcoin and other cryptocurrency will also new target for banking adoptation.

with the existence of blockchain, precisely the banking industry become more advanced and can adapt to the times
someone will be easier to transfer funds, if a bank adopts blockchain technology on their financial system
that is, the bank will be more successful
and that's a bad thing, in my opinion

It can be a possibility if banks don't evolve. But with the recent news that central banks of some countries are keen on adapting to the blockchain technology. They are now adapting ways in which they could utilized the blockchain for their payment platform. They are not thinking that cryptocurrency is a threat to their existince.

Banks as a part of the mandatory attributes of the state will never disappear. They are needed by any state, because through them the state's financial policy is being implemented and the country's economy is being financed. Banks, therefore, are needed by any state. Most likely, the Crypto currency will find a way to peacefully exist with banks, which, in the end, will also use the crypto currency to provide paid services to citizens.

Yeah bank will not be end, and I think its same for bitcoin. banks will not be able to stop bitcoin. although a ban on bitcoin in many countries will not stop bitcoin. I think at this time many banks are beginning to understand that they will not be able to stop a technological development. so I think the bank will find another way to be friendly with bitcoin

exactly it won't be the end of bank, but if the banks start using the blockchain technology it will be a start of better system that both banks and user could benefit from.  but i don't think they see it our way

Yeah thats true, the bank will always evolve according to the times. when blockchain technology became popular. of course banks will not avoid it they will adopt a blockcain system in their system, as some banks do today. so I think there is no reason for the bank to end because of bitcoin. because you know bank will continue to evolve and grow as needed

maybe

I don't think banks will end due to bitcoin. I highly disagree. Bitcoin has made a big impact in our online transactions but banks has also made its own way to prove they are reliable and a trusting banks unlike any other mode of money investment,transaction, or payment

Bitcoin will never be the end of the bank, and for the next few hundred years the bank will remain with it.

Banks are protected by their current economic system and are strongly supported by the government in any country.

No! It certainly can not be. Let us even say the banks don't give a rat ear about the blockchain technology and have no need whatsoever for it, the banks will still be in operation. There are many illiterate/semi literatebanked folks who don't understand how Bitcoin or the crypto stuff works. Will these people all be cut off? No, the won't be. So, the banks will definitely continue to exist to service these interests.


Are you truly convinced of your stand? Remember that emotion has no place in facts.

It is possible for you to be disqualified. Banks will never end since they are supported by the government. There are also numerous names of banks so it is very hard to shut them all at once. Each has its own CEO and the cryptocurrency is not enough to replace the fiat money.

This really makes the most sense. There doesn't seem to be any legit way that banking will actually end. Things seem a bit too intertwined.

There are already projects like this one, and I saw one such project before, bringing together blockchain technology and banking systems to bring greater convenience to people.

I don't think banks and government will control 99% of finance when crypto I'd around. That figure will constantly drop as more and more people out the power in their own hands and use crypto. I'm not sure what you are talking about minimum wage for. What has that to do with the bank? That's up to the law and the employer so I'm not sure where you got that from. You don't have to help crypto to be adapted. Anyone with half a brain can see why you should accept crypto. There two huge market places here and both take crypto. We are getting a physical store to buy mining gmachibes as well. You can have coffee and pay with the major cryptocurrency. I live in a third world country too so if we doing it then others should too.

Right now I can buy anything with Bitcoin excluding property and things like light and water or food. Anything else I use cryptocurrency.

that is impossible. Because bitcoin has a limited value. Bitcoins are being monitored closely by many countries.

Crypto-currencies exist only virtually and I do not print anybody in real life. It is created in the process of mining.moment requires large computing powers of the computer plus Moreover, over time, the complexity of production constantly grows.

Banks have always been, are and will be in the future. Whatever anyone says. Banks need the state and it will protect them and protect their laws. Crypto currency has partially taken from banks their clients and reduced their profits, but the banks will be rebuilt for a new technology blockchein and will continue to exist along with the crypto currency.

Banks won't end. Fiat will not go. Crypto and Fiat should co exist.

Did you copy paste this from some bitcoin wiki or so? This is generic shitpost and everyone knows this and the people talking about these are the shitposter trying to increase activity. This is in no way related to the discussion of the OP.


Although bitcoin has a limited "supply" but the problem is that banks print as many currency notes (minting) as they want leading to deflation is due course. But bitcoin price will increase due to increasing population adoption and and limited supply.

Bitcoin is being monitored by they cannot control it.