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Author Topic: The only way for Bitcoin to catch on is through banks  (Read 1663 times)
MyownBoss
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June 10, 2016, 12:05:39 AM
 #41

See my discussion for bitcoin maximalist. There is a fundamental issue with adoption vs. Decentralization. A summary: The banks will not convert to a BTC system, or if they did you would not call it btc anymore, it would be something different.

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June 10, 2016, 12:17:42 AM
 #42

I'm not sure I agree about the banks. I think paypal and western union have succeeded without being part of the regular banking system. Bitcoin can have it's place in the economy separate from the banks if people can realize the potential.

 
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June 10, 2016, 12:55:19 AM
 #43

Since I joined this forum and the Bitcoin world, I couldn't help but notice how much most bitcoiners hate banks. OK, I agree they have done more harm than good to our society, but I also think the future of Bitcoin is tied to banks. What I mean is that in 20 years, a number of banks (or, ideally, all of them) will offer Bitcoin wallets and credit/debit cards linked to the former which will allow you to pay at the supermarket in the same way you do now. This is the only way for Bitcoin to explode. In the future I don't see the average Joe paying by using QR code scanning, smartphone apps, etc. Bitcoin can only catch on if its use requires no particular knowledge or skill on the user's part.

Agree totally. The future of bitcoin must be in some way connected with its legality and the only way we know regarding the management of money is managing those through the banks. The problem is that all the owners of the bitcoin (or almost all) hate banks. This is not the only thread that treat this problem. Me myself, have created one time ago. Almost all the reactions was hate of banks.
Right, but basically the system of bitcoin is opposite with bank system. Maybe, There is an another way to make bitcoin is exploded. but legality always becomes one important factor can make bitcoin easier to explode. Must have one government can join to bitcoin to make a legal institution for bitcoin to control bitcoin circulation.

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