For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.
Do you think bitcoin will replace Banks in the future?
The banks and the banking industry in general will only transform. As you may have already noticed, there are still banks around us even here inside the world of cryptocurrency. I guess the banks will not really vanish. What will vanish is the traditional banking sector. However, this will only happen if they resist to bend and go along with the new trend. I am even afraid that the world's system of developing ruling class will not end. This world is not that open for such huge changes.
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