Future without Middle men big way, but big Question?

[Betwrong]

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As far as I know there is no place that gives bitcoin loans so far so is a bank still a bank without loans and interests? Basically, it all depends on your description of what a bank is, if you can flex the description a bit we do have banks in crypto world right now.

There are many sites promising interests on BTC deposits, but they are mostly scams, so they don't really count. But I know at least one site, freebitco.in, which indeed pays interests on a daily basis, with the annual interest rate 4.08%. Taking into account that some banks currently have a lower rate and some others even have a negative interest rate, this site can be called a pretty good Bitcoin bank. Nevertheless, even when a site is as trustworthy as the above mentioned one, we should always keep in mind the warning by A. Antonopoulos, “Not your keys, not your coins”, and, consequently, never deposit more than we can afford to lose.

Actually, why would trust up a service if we can do just simply hold of our coins in our own wallet? Come to think that 4.08% or any other interest offered can be attained as fast as we can imagine
when we do talk about Crypto movements neither with bitcoin or on top alts.So i dont really see a point on why people would have to trust up their coins to these platforms?
I would never ever consider out that option and if we do talk about security? Theres no other better things than keeping those coins in your own.

The sites the offering a lending services where if you store your bitcoins there you will gain interest but most sites like that are mostly likely scam. It is better to hold than to store your bitcoins in that kind of sites. Consider always the risks before you make a decision or a move. Think about the possibility that may happen. You should only do a decision if you think that it can benefit you in the near future. Storing your bitcoins in hardware wallet is better than investing it in online sites that offering returns because the risks are high and your bitcoins cannot be refund.

Considering that more than 90% of the sites which offer you interest on your BTC are scammers, I think for most people it would be better to take your advice. And for those who know what they are doing, for the minority who store their coins on a reputable site, it is still advisable to not store significant amounts anywhere except your own wallet.

[1714908060]

1714908060

[HarmonyA]

I see the World is Going to the Way that no Middle men anymore!

Like decentralized banking the New era  of living.

Like uber and Even mobile apps where u can hire someone for the Job or u can get job anytime When u Want....



But the question is :

What about Middle - men? 
If we Don't have banks anymore traditions ways then are the bankers Will be unemployed? 


Do you think  life without middle men Will be better? 

Banks are not the only mediators in financial transactions. Decentralization doesn't totally take away middle men, rather it reduces their chances of interfering in every transaction,  and as well reduce their charges.
Decentralized banking will make computer networks your mediators and the transactions won't be reversible,  and in place of an error, there will be no one to blame except yourself (the transaction initiator).

[outatime1]

Businesses will need to evolve just like they always have.  Some types of business will have to change and others will become obsolete like the typewriter or pager.

[BChydro]

Considering that more than 90% of the sites which offer you interest on your BTC are scammers, I think for most people it would be better to take your advice. And for those who know what they are doing, for the minority who store their coins on a reputable site, it is still advisable to not store significant amounts anywhere except your own wallet.

The companies that can really provide an interest are loan based companies and the rest are just like gambling, we have no transparency on how they are using the funds and hence you cannot trust anyone who is offering you an interest. Staking in gambling sites does have the risk and so is the case with exchanges and hence it is better to keep them with you rather than taking chances unless there is a regulated company who have insurance for the funds deposited.