Seems a bit ridiculous.. like the banks are their own worst enemy - attempting various ways to monetize transactions - while also seeming to make a kind of war on cash?
The good ole days when we used to be able to earn interest on our deposits.. now, it is as if the bank does not want to use our money - maybe they cannot figure out how to make money on deposits because instead of loaning money to folks to make money, like in the good ole days, they figure that they can make more money by either engaging in risky betting or by getting government handouts (or do they call them bailouts).. Is that it?
I understand what you are stressing here, but the thing is what I can't get is, still people are making money and every day we have startups in various sectors and many of them are enjoying success, what is the problem of the banks then ?
Maybe the economic collapse is nearer than what we expect so nothing is working out anymore and they need the MOST SAFE ROUTE to make money
I don't really know what is the solution exactly because maybe it is not exactly the fault of the banks because there are new overall systems and incentives... I don't know if they created the problem or not... because lowering of interest rates and giving banks free handouts does seem to have contributed to problems.
In any event, I remain a little bit nostalgic about the good ole days when banks paid interest and they also made money by making loans to people.. even though they seem to be moving away from that model.. which also seems to be a move towards their own deaths,no?
The answer for your question is, yes brother.
Well, I see that the power now is getting back in the hands of the PEOPLE, and we can witness this by Uber, AirBnB and others.
And Bitcoin is here to stay, no questions asked.
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