Bitcoin banking system

[MicroGuy]

Hello! What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.

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The coinbase's of the world will become the new banks offering key custodial services. Banks won't go away, they will adapt.

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[1714862677]

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[hv_]

Hello! What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.

.If u like donate to my address :  19fCVjYVuppjhSvZc4fYimLSjTv63SyoYD

The coinbase's of the world will become the new banks offering key custodial services. Banks won't go away, they will adapt.

Only if they go fully under regulations imo. Too much money laundering and shitty defi making only whales and criminals rich will lead to a Liberty Reserve like lock down of crypto quite quickly

[camito]

Hello! What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.

.If u like donate to my address :  19fCVjYVuppjhSvZc4fYimLSjTv63SyoYD

Banking system mustn't be killed, that is a fact. Let's say most people use Bitcoin and it did killed the banking system. I think marginalized people and marginalized countries would have a huge problem. Not all people have the resources to have Bitcoin, and are not educated enough. Some relies on leases and loans in banks to aid their farms or for their children'a future. Bitcoin doesn't need to kill banks but instead can help the growth. Bitcoin can provide easy transactions and help in the some crucial emergencies of people.

[Moeda]

Hello! What's your opinion could BTC kill banking system? Bitcoin has an advantage over fiatbecause its amount is limited and it can't fall under inflation.Inflation usually is caused by monetary policies of our central banks. Bitcoin is free from inflation, governement control and high transaction fees.Banks can’t control BTC because it has no representative and is fully decentralized. That's why banks are afraid of BTC.

.If u like donate to my address :  19fCVjYVuppjhSvZc4fYimLSjTv63SyoYD

I think the obstacle to Bitcoin is price fluctuations, while Fiat is inflation. I think both of them have risks. Investors are more inclined to the real value. Bitcoin is here, but world stock investment in Fiat is still high. Countries cannot take advantage of the value that is in Bitcoin, so they will never agree with Bitcoin. Moreover, America makes other countries dependent on the USD exchange rate. A concrete example with the Corona outbreak that is happening today. All other countries' currencies are low, while the USD is increasing. Even though America was also affected by the Corona pandemic.

[QueenVera]

Bitcoin doesn't need to kill banks but instead can help the growth. Bitcoin can provide easy transactions and help in the some crucial emergencies of people.

Very true, let take some trip down memory lane, did drone kill the camera man using an helicopter to broadcast news event happening? No. Did Uber kill the local taxi driver driving everyday in the street to get his daily bread? No. Did email kill, sending and recieving of letter through the post office? No. Sure this new innovations did reduce the rate at which people use the formal but they're still operating fine. That's what will happen with bitcoin and banks. Non is replacing the other instead both with operate just fine and it's left for you to decide on which to give the upper hand.

[MicroGuy]

Bitcoin doesn't need to kill banks but instead can help the growth. Bitcoin can provide easy transactions and help in the some crucial emergencies of people.

Very true, let take some trip down memory lane, did drone kill the camera man using an helicopter to broadcast news event happening? No. Did Uber kill the local taxi driver driving everyday in the street to get his daily bread? No. Did email kill, sending and recieving of letter through the post office? No. Sure this new innovations did reduce the rate at which people use the formal but they're still operating fine. That's what will happen with bitcoin and banks. Non is replacing the other instead both with operate just fine and it's left for you to decide on which to give the upper hand.

This is correct. There will always be demand for private-key custodial institutions.

Most people would be better off keeping their coins on Gemini or Coinbase rather than stored locally. This is due to the technical incompetence of the vast majority.