Come to imagine living in a world where there is no bank and what you have is Bitcoin or whatever digital currency you have to store the same way you’re storing Bitcoin, do you think it’s going to be easy? Like all your money and everything you have stored in just your mobile phone or computer or hardware or whatever you have decided to use in storing your wealth? Don’t you think it’s kind of risky?
For me, there should be banks and also there should be cryptocurrency, we store a part of our wealth in banks and then store the rest in cryptocurrency, that’s perfect for me, I can’t be relying on one.
I agree with you. Of course there are some risks here. But I was saying that at one time we were not so modern. We did not know what money was. But today we know the use of money or currency. We have become much more modern than before.
Isn't that so? Before there was no banking system but now there is. I mean, will the banking system remain the same or will it improve in the future? Will we keep paper money in the bank in the future? Or will paper money disappear from the world one day?
Can't we think of alternatives without paper money? Now people are able to do the necessary work using credit cards. Can't this process be further improved?
If so, how?