Im ready to adond all banks and my friends also dont need banks anymore

[325btc]

To be honest all i need is just cash machine ATM and card to use on store.
As all my money and many people money in on crypto exchangers they feel more secure and even much better liquity then regulars banks.
We dont need old banking system my crypto exchanger is my bank i dont need regular banks anymore what we need is to directly connect cash machines ATM s with crypto so its cobvient to use cash.
Yesterday my bank told me men you need to update some information i said cmon...i dont need even bank all i need is just cash and to keep my wealth safe stable coins so i saidi dont have to do nothing nowdays who needs bank ?

Lets be we are ready to adond all banks i dont care if they close down all banks same day and they are slow to use it for example i want to semd money to china to usa or russia to usa or uk to canada...its a pain whole process but USDT tron stable coin its instant i pay only 1$ and its fast and anonoynmous.

So im ready i dont need nobdy dont even business can start use stable coins its time old way not work and banks are old the banking system now days is like windows 90

[Bttzed03]

~ i dont care if they close down all banks same day

Does your country accept BTC, stable coins, or other crypto as legal tender? If not and you're still paying goods and services you purchased offline/online using fiat, you'll still need banks. Even if you close your account now, those platforms you use for exchanging crypto to fiat and other financial transactions are still hooked to the banking system.

[Bitstar_coin]

I thought you were leaving btc for sometime, looking for a greener pasture somewhere far away from the crypto space 
Thought by now you must have left and probably sell whatever you own in btc since according to you the market is not moving the way you wanted it.
Am referring to your topic  - Time to leave btc

Am glad to hear crypto is serving you well, keeping your funds safe even if the price is not moving  
If banks should close down (all of them) I don't know how you suppose the cash will come about, hope you have thought of that!
If no bank exit who will print cash for you, fill the ATM with loads of it for you to withdraw   lol, you sound like a kid. Sorry to say.

[crypver]

I see it similar but some kind of banking structure is always required because 99% of mankind are unable to use the crypto/wallet stuff due a lack of ... cognitive capabilities
Furthermore, they don't want to see volatility, so they prefer loosing all their wealth through inflation instead, another cognitive thing

How would be the future? Well, not that bright due it is proven that the average cognitive capabilities are going down generation by generation https://www.wtkr.com/2018/06/13/iq-scores-are-falling-and-have-been-for-decades-new-study-finds. I see the mankind of it's peak right now ... like in life expectancy and innovations.
Unfortunately is intelligence and attractiveness distributed reciprocally in society which explains the slowly but surely stupefaction of the mankind, which started with the baby boomer generation.

[325btc]

I thought you were leaving btc for sometime, looking for a greener pasture somewhere far away from the crypto space 
Thought by now you must have left and probably sell whatever you own in btc since according to you the market is not moving the way you wanted it.
Am referring to your topic  - Time to leave btc

Am glad to hear crypto is serving you well, keeping your funds safe even if the price is not moving  
If banks should close down (all of them) I don't know how you suppose the cash will come about, hope you have thought of that!
If no bank exit who will print cash for you, fill the ATM with loads of it for you to withdraw   lol, you sound like a kid. Sorry to say.

I dont care about btc much im here for USDT and cash thats it.

[avikz]

It seems OP doesn't have a lot of ideas on how the banking system works and how deep rooted they are within the society! OP thinks that bitcoin/USDT can dethrone the entire banking system. It's really hilarious to be honest! banks are not needed for only transaction or safekeeping of funds. This society and the businesses built on the needs of the consumer needs loans to function. Probably OP is super rich so he doesn't need any loan, but an "Average Joe" like me needs loans for housing or for cars. If banking is not here, would OP give us that loan? There are hundreds of other functions that banking system does but I will stick to the loan for now.

I request OP to come back to reality! A debit card and an ATM might serve your purpose but that doesn't represent the entire population. Banking is an essential service for the society and I don't see cryptos dethroning the banking system at all. Just being realistic!  

[The Sceptical Chymist]

To be honest all i need is just cash machine ATM and card to use on store.
<snip>
We dont need old banking system
<snip>i dont need regular banks anymore
<snip>i dont need even bank
<snip>i dont have to do nothing nowdays who needs bank ?
Lets be we are ready to adond all banks
<snip>i dont need nobdy

OP, if you stated all of the above just one time your post would be so much less bloated and even more coherent--and not to go off on a tangent, but Jesus, this isn't Twitter or a text messaging service here.  It's a discussion forum, so please write posts that are understandable and if possible, concise.

So you don't need banks, eh?  Have you actually closed your bank account yet, the one you have with the bank that asked for an update on your information?  My guess is that you haven't.  And as far as that little inconvenience goes, I'd play Devil's advocate and say that even crypto wallets require updates and whatnot.  There's not exactly any way around that yet.

I'd also ask whether you can pay rent, your utility and cell phone bill, and other day-to-day expenses with crypto.  You might be able to, but guess what?  You're still dealing with fiat and payment processors.  Do you think Newegg keeps that bitcoin you bought your new laptop with?  Nope.  They're getting dollars in the end, and for that to happen you're dependent on there being a service like Bitpay, which might as well be a bank.  So take that for what it's worth.

[ajochems]

Banking system will be replaced by the crypto currency.It may be not possible in a year.But with some period,it will make huge impacts on the price.Some of friends still using of the stock market to inverse their money.The percentage of the profit in the stock market will be very low as compared to the crypto currency.This is reason for huge raise in the price of a bitcoin as

[kaya11]

To be honest all i need is just cash machine ATM and card to use on store.
As all my money and many people money in on crypto exchangers they feel more secure and even much better liquity then regulars banks.
We dont need old banking system my crypto exchanger is my bank i dont need regular banks anymore what we need is to directly connect cash machines ATM s with crypto so its cobvient to use cash.
Yesterday my bank told me men you need to update some information i said cmon...i dont need even bank all i need is just cash and to keep my wealth safe stable coins so i saidi dont have to do nothing nowdays who needs bank ?

Lets be we are ready to adond all banks i dont care if they close down all banks same day and they are slow to use it for example i want to semd money to china to usa or russia to usa or uk to canada...its a pain whole process but USDT tron stable coin its instant i pay only 1$ and its fast and anonoynmous.

So im ready i dont need nobdy dont even business can start use stable coins its time old way not work and banks are old the banking system now days is like windows 90

You are quite a rebellious person, I bet you have grief over your government and want to abandon your currency that badly. We still need our banks as of now, you cannot pay small time merchants with crypto anytime and anywhere. If you are living in a 3rd world country then you will be having a hard time buying you daily needs or living a simple life if you only have crypto and no cash at all.

[carlfebz2]

~

Banking system will be replaced by the crypto currency.It may be not possible in a year.But with some period,it will make huge impacts on the price.Some of friends still using of the stock market to inverse their money.The percentage of the profit in the stock market will be very low as compared to the crypto currency.This is reason for huge raise in the price of a bitcoin as

It wont happen no matter what for crypto to replace banking system but somewhat it could really be integrated or adapted but of course it would really be taking lots of debates and talks about on making such step.

There's no doubt or question about profit making level which is more than with those traditional investment that we do know like forex/stocks/indices/estate etc. This is what makes crypto market do really look

appealing but of course it would really be corresponding on having higher risk which is pretty normal and understandable but its a bit point exaggerated that we wont really be needing banks anytime soon.

[retreat]

You are quite a rebellious person, I bet you have grief over your government and want to abandon your currency that badly. We still need our banks as of now, you cannot pay small time merchants with crypto anytime and anywhere. If you are living in a 3rd world country then you will be having a hard time buying you daily needs or living a simple life if you only have crypto and no cash at all.

for now, humans are still dependent on the bank but in the next few decades, will it still be so? Cryptocurrencies were created for humans to be able to free ourselves from banks that have been a third party and are also the old financial system. the banking system will surely be eliminated as the adoption of cryptocurrencies occurs.

[325btc]

To be honest all i need is just cash machine ATM and card to use on store.
As all my money and many people money in on crypto exchangers they feel more secure and even much better liquity then regulars banks.
We dont need old banking system my crypto exchanger is my bank i dont need regular banks anymore what we need is to directly connect cash machines ATM s with crypto so its cobvient to use cash.
Yesterday my bank told me men you need to update some information i said cmon...i dont need even bank all i need is just cash and to keep my wealth safe stable coins so i saidi dont have to do nothing nowdays who needs bank ?

Lets be we are ready to adond all banks i dont care if they close down all banks same day and they are slow to use it for example i want to semd money to china to usa or russia to usa or uk to canada...its a pain whole process but USDT tron stable coin its instant i pay only 1$ and its fast and anonoynmous.

So im ready i dont need nobdy dont even business can start use stable coins its time old way not work and banks are old the banking system now days is like windows 90

You are quite a rebellious person, I bet you have grief over your government and want to abandon your currency that badly. We still need our banks as of now, you cannot pay small time merchants with crypto anytime and anywhere. If you are living in a 3rd world country then you will be having a hard time buying you daily needs or living a simple life if you only have crypto and no cash at all.

No we need to develope cash machines tp connect to crypto exvhangers thats it.
E

[Hydrogen]

Banks are still our only option for student loans, car loans, real estate loans and similar financing.

We lack crypto alternatives for those markets. And attempts to break into those areas of finance have not gone well.

There is reported to be a 4 billion people on earth who are unbanked that crypto markets can cater to. The 4 billion in this demographic cannot afford the minimum balance for a bank account, lack identification or other basic requirements to have a bank account. And so they often have no option other than to use bitcoin or another crypto currency for electronic payment, transfer, etc.

Personally I am a big fan of how the rivalry between AMD and intel has given us better GPUs and CPUs over the years. Competition in free markets has done much to advance the industries of personal computing and gaming and all of us have reaped the benefits.

The best outcome for banks and crypto is for them to have an AMD versus intel relationship that gives us access to better technology and better opportunities the way the AMD vs intel rivalry has.

[hatshepsut93]

There is no difference between a bank and a crypto exchange with a payment card and an ATM. Both are custodians that see all your transactions that you conduct with them, have your KYC information, potentially sell your private information to third parties, can freeze your account or transactions, and will work with government agencies against you. Exchanges are becoming more and more like "crypto banks". And stablecoins are the new bank notes.

[jaberwock]

~ i dont care if they close down all banks same day

Does your country accept BTC, stable coins, or other crypto as legal tender? If not and you're still paying goods and services you purchased offline/online using fiat, you'll still need banks. Even if you close your account now, those platforms you use for exchanging crypto to fiat and other financial transactions are still hooked to the banking system.

I was also going to ask him that same question because if bitcoin is not a legal tender in his country then there is no way that he would be able to get rid of banks, since he’s always going to be in need of Fiat to make a lot of payments on a daily.

There are lots of people out there who are interested in making use of bitcoin as their bank for savings and everything but for the fact that it is not a legal tender in their country, there is no way that they would be able to be making use of it, since there is no way that they can be using to make payments in the market when buying products they need.

[Smartprofit]

I thought you were leaving btc for sometime, looking for a greener pasture somewhere far away from the crypto space 
Thought by now you must have left and probably sell whatever you own in btc since according to you the market is not moving the way you wanted it.
Am referring to your topic  - Time to leave btc

Am glad to hear crypto is serving you well, keeping your funds safe even if the price is not moving  
If banks should close down (all of them) I don't know how you suppose the cash will come about, hope you have thought of that!
If no bank exit who will print cash for you, fill the ATM with loads of it for you to withdraw   lol, you sound like a kid. Sorry to say.

I dont care about btc much im here for USDT and cash thats it.

USDT is a centralized system. 

Yes, using stablecoins is convenient.  However, you must understand that Tether has the disadvantages of both fiat money and cryptocurrencies.  Tether, on the one hand, is centralized, on the other, outside the legal field. 

You mentioned Bitcoin. 

But Tether exists precisely thanks to Bitcoin and other cryptocurrencies.  It so happened historically that USDT is a bridge between the cryptocurrency ecosystem and the old financial system.  At the same time, Tether (as well as other stablecoins) has a lot of disadvantages. 

As for banks, their importance is drastically reduced.  This is facilitated by the development of cryptocurrencies and CBDC.

[stepwilli]

Don’t keep your money in exchangers, you should have an offline wallet where you’re storing your cryptocurrency assets, that would be much safe as you would have the private keys of your wallet.

If you’re storing your coins on an exchange, the exchange might get hacked one day and you lose your coin or they can as well decide to lock your account or freeze your assets if you happen to do something that is against their rules. I’m saying this because you said that you and your friends are making use of exchanges.

[TheCoinGrabber]

Don't keep a lot of your cryptos in exchanges. Also you'd still be converting fiat at some point for some of your operations.

Does your country accept BTC, stable coins, or other crypto as legal tender? If not and you're still paying goods and services you purchased offline/online using fiat, you'll still need banks. Even if you close your account now, those platforms you use for exchanging crypto to fiat and other financial transactions are still hooked to the banking system.

There is no difference between a bank and a crypto exchange with a payment card and an ATM. Both are custodians that see all your transactions that you conduct with them, have your KYC information, potentially sell your private information to third parties, can freeze your account or transactions, and will work with government agencies against you. Exchanges are becoming more and more like "crypto banks". And stablecoins are the new bank notes.

This one. Your activity still fuels the banking system whether you use the banks or not. The only way we can completely cut them off from our lives is if we only transact crypto p2p.

[kryptqnick]

Op, good for you if that's really the case, and you can abandon banks. I know that I can't, not under current conditions. In my country, you need a bank account to receive a salary, it's obligatory in most places. Now, I'm doing some research, and to receive my grant I also, of course, needed a bank account. Also, I need it often to pay for important things online, such as to help my relatives right now, who are in Ukraine, and I often need to send money to someone's bank account (I could send BTC if they accepted BTC, but they don't). So I could abandon banks if there was enough freedom in terms of how to get a salary and how to pay for things online, but not right now, based on how things are done.

[Fortify]

To be honest all i need is just cash machine ATM and card to use on store.
As all my money and many people money in on crypto exchangers they feel more secure and even much better liquity then regulars banks.
We dont need old banking system my crypto exchanger is my bank i dont need regular banks anymore what we need is to directly connect cash machines ATM s with crypto so its cobvient to use cash.
Yesterday my bank told me men you need to update some information i said cmon...i dont need even bank all i need is just cash and to keep my wealth safe stable coins so i saidi dont have to do nothing nowdays who needs bank ?

Lets be we are ready to adond all banks i dont care if they close down all banks same day and they are slow to use it for example i want to semd money to china to usa or russia to usa or uk to canada...its a pain whole process but USDT tron stable coin its instant i pay only 1$ and its fast and anonoynmous.

So im ready i dont need nobdy dont even business can start use stable coins its time old way not work and banks are old the banking system now days is like windows 90

Good luck with that. You seem to have a disconnect in your brain between the organization behind who issues your atm card and the huge payment network behind it. You might be incredibly lucky to have a large sum of Bitcoin available to you, but that is a very rare situation and not one that many people will have. It's the equivalent of winning to lottery, so it would make sense that you are either a liar or you're just here to brag - neither of which is a particularly good personality trait. The reality is that for most of the world and for the foreseeable future people will be reliant on the banking infrastructure that has existed for many decades.