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

[palle11]

You can't run away from banks yet when your country is still dealing in banks and not cryptocurrency, so it is not your decision to abandon it by yourself. Except that you are from El Salvador that has made the use of bitcoin as accepted by all. Which country are you from? Whatever you do about banks or cryptocurrency is with the law in your country because you can't have the choice to act on your own about not accepting or using banks.

[Silberman]

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.

Unfortunately this is not a move that most people can make, where I live the amount of businesses accepting bitcoin are extremely limited, plus my salary is directly deposited to my bank account so I have no way to disconnect from the banking system, however that does not mean that I do not have taken some steps to rely less and less on them, but the day in which I can cut all ties to banks is still very far away for me and I do not see this happening even if a whole decade passed.

[tabas]

You want to abandon and boycott banking services but you want cash? How ironic is that? Whether you only have stable coins and cash, you will still need to use the bank.
As you've said those exchangers of yours are also going through the banking service so you have to think that if you're encouraging everyone to abandon them, your influence ain't enough.

[adaseb]

As much as we all would love to abandon all banks. This digital age you simply can’t.

Let’s say your house is paid off so you don’t need a bank for a mortgage. How will you pay all your bills? You got a power bill, the bill is usually paid by online banking. You can’t drive to your power company and pay cash. Sometimes you can pay your power bill with your credit card. But without a bank how will you get a credit card?

It’s simply not possible this day and age. Maybe 20-30 years ago it was possible but these days it would be too difficult.

[Marvell1]

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.

Unfortunately this is not a move that most people can make, where I live the amount of businesses accepting bitcoin are extremely limited, plus my salary is directly deposited to my bank account so I have no way to disconnect from the banking system, however that does not mean that I do not have taken some steps to rely less and less on them, but the day in which I can cut all ties to banks is still very far away for me and I do not see this happening even if a whole decade passed.

Yes, if another decade goes by, banks will still exist and are necessary for us. Honestly Bitcoin is becoming more and more popular and accepted, but that doesn't mean Bitcoin is accepted everywhere, there are still a lot of countries and businesses that don't use bitcoin yet. Banking and fiat money are still the mainstay of the economy today. Thanks to Bitcoin, we can only reduce our dependence on banks. Instead of us investing and saving in the bank, Bitcoin is becoming an alternative in this case.

[monineklutak]

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.

Unfortunately this is not a move that most people can make, where I live the amount of businesses accepting bitcoin are extremely limited, plus my salary is directly deposited to my bank account so I have no way to disconnect from the banking system, however that does not mean that I do not have taken some steps to rely less and less on them, but the day in which I can cut all ties to banks is still very far away for me and I do not see this happening even if a whole decade passed.

Yes, if another decade goes by, banks will still exist and are necessary for us. Honestly Bitcoin is becoming more and more popular and accepted, but that doesn't mean Bitcoin is accepted everywhere, there are still a lot of countries and businesses that don't use bitcoin yet. Banking and fiat money are still the mainstay of the economy today. Thanks to Bitcoin, we can only reduce our dependence on banks. Instead of us investing and saving in the bank, Bitcoin is becoming an alternative in this case.

It is not easy, of course, to make cryptocurrencies, especially Bitcoin, acceptable in all countries,
it certainly takes time and process even though cryptocurrencies also continue to grow I think it will still be difficult too,
indeed, Bitcoin is currently an alternative investment choice that is in great demand

[MrDave]

This guy needs a cash machine ATM to Withrow cash from ?? Will you tell me from where? no need of any bank but still wants cash.

[iv4n]

As much as we all would love to abandon all banks. This digital age you simply can’t.

Let’s say your house is paid off so you don’t need a bank for a mortgage. How will you pay all your bills? You got a power bill, the bill is usually paid by online banking. You can’t drive to your power company and pay cash. Sometimes you can pay your power bill with your credit card. But without a bank how will you get a credit card?

It’s simply not possible this day and age. Maybe 20-30 years ago it was possible but these days it would be too difficult.

I agree it's not possible to do much without banks, simply they are holding the monopoly, and it's not like they are doing anything for free, they are earning a shit load of money from what they do every day! I would love to turn back on banks and fiat and not use them ever again, but it's not possible!
In the end, it's not only about paying bills, how to pay for all other things around? In some advanced countries, there are services that accept crypto, and there are stores and shops doing the same as well, but in some countries and cities like mine, there's nothing like that, yet! So I guess it will take years and decades to get rid of corrupted banks and fiat... if it ever happens, that's always an option!

[fiulpro]

That's amazing to see that people can actually do their day to day activities within the range of cryptocurrencies like bitcoins. But let's be honest, it's not possible everywhere, few instances to consider :
1. Paying institutions like college and university
2. Small shops especially business which is locally owned
3. Farmers etc
All these people would rather accept cash than even card and cryptocurrencies, some of them don't even know how to use them therefore it's definitely not possible to do that everywhere as well.
Its also dependent on where you living and what the facilities are around, at some places you would only find things at City centre and during emergency you won't be able to get everything else done using just Bitcoins, since the transactions would also take time even if you consider encashing on local btc to the card of the client. Therefore for some people it's just a far off dream and they can only use it as an investment.

[Cryptock]

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

I know people who have not had an account in any bank for several years and use only the VISA card issued by Coinbase. Of course, cash is still useful in many places, which is why ATMs are needed, but in most places, as well as on the Internet, a cryptocurrency card is enough for payment for anything.

[uneng]

I see no reason to live without banks right now. It will just make life harder and less accessible for different products and services you have to pay in your daily life. The best to do is to adopt bitcoin and keep an account at a bank which doesn't charge abusive taxes and isn't too intrusive. This way you have access to cryptocurrencies, paper money and also credit/debit cards. That is the perfect solution so far.

Maybe some crypto banks are going to be everything we need in a near future, although in this case you will still need to find an alternative to acquire paper money (maybe making a virtual transaction to someone else's bank account and asking them cashout the money for you).

[Silberman]

As much as we all would love to abandon all banks. This digital age you simply can’t.

Let’s say your house is paid off so you don’t need a bank for a mortgage. How will you pay all your bills? You got a power bill, the bill is usually paid by online banking. You can’t drive to your power company and pay cash. Sometimes you can pay your power bill with your credit card. But without a bank how will you get a credit card?

It’s simply not possible this day and age. Maybe 20-30 years ago it was possible but these days it would be too difficult.

You are right, living your life without a bank account decades ago was relatively simple, however governments all over the world have put in place laws that hinder the use of cash, and when we add the pandemic to this then the process of avoiding cash accelerated even further, however while getting rid of our bank accounts is impossible for most, we can reduce how much we use them, which is the best outcome we can hope for as of right now.

[Vaculin]

~ 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.

Good thing if you are already ready to leave fiat and chose crypto. But the whole thing is, the world isn't ready to leave fiat and mostly all the transactions are still paid in fiat. So how come you will live a normal life without fiat onhand? Banks are still of high importance these days and even if crypto will already be here for good, i don't think those banks will stop their operations. They will come to adopt crypto in their transactions so that they can still continue on serving their clients regardless of the transactions in crypto or in fiat.

[macson]

snip

i like your enthusiasm but you can't get rid of the fact that currently you are still dependent on the bank.  i also really like living without a bank but because mass adoption of crypto hasn't happened yet so i can't do that.  In order for my business to run, i still need banks, but i believe that in the next few decades, when the mass adoption of crypto occurs, people will leave banks.

[Scripture]

Banks are still necessary because fiat still rules the whole market and in my country, crypto is still not a legal tender. I wonder how to live without banks, cryptocurrency is still unstable for now and this is why I still have bank accounts beside they work perfectly with the loans which crypto doesn’t have yet. You’re too brave, I hope you succeed on that, living without a bank.

[Viscore]

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.

As long as they are centralized, all the transactions are still monitored and can even controlled by a group or entity. So they still look the same. And since majority still look up to banks, then it would not be easy to replace and i even think that traditional banks will stay for good. After all, crypto exchanges are becoming more centralized so most likely, traditional banks and crypto exchanges are bound not to compete but to integrate crypto in fiat banks in the future.

[doomloop]

Banks are still necessary because fiat still rules the whole market and in my country, crypto is still not a legal tender. I wonder how to live without banks, cryptocurrency is still unstable for now and this is why I still have bank accounts beside they work perfectly with the loans which crypto doesn’t have yet. You’re too brave, I hope you succeed on that, living without a bank.

The only place in the world I think anyone would be able to live fully on Bitcoin would be El Salvador, since Bitcoin has been declared a legal tender in their country. But, for other countries where it is not regarded as a legal tender, anyone who is making use of it is likely going to be having a problem with the government.

So, the possibility of this guy living on Bitcoin is completely zero. At some point he’s always going to be in need of a bank account and the services that they offer. I like Bitcoin, but I don’t think I would switch totally to it, I just prefer to keep things balanced and not rely fully on one thing.

[Baofeng]

I don't think that as an institution, banking system will be simply ignored by us. For sure we all love crypto no doubt about it and maybe some of us are not using any banks at all. But personally, I can't, I have to pay my house mortgages with check so obviously, I need banks to process it for me. And with that, it will be very difficult if not impossible to bypass every huge transaction without banks and fiat.

[m2017]

I don't think that as an institution, banking system will be simply ignored by us. For sure we all love crypto no doubt about it and maybe some of us are not using any banks at all. But personally, I can't, I have to pay my house mortgages with check so obviously, I need banks to process it for me. And with that, it will be very difficult if not impossible to bypass every huge transaction without banks and fiat.

The banking system will be forced to transform into a different form. In the form that it is, it will be forced to change to the needs of users like OP. But at the moment, there are very few such users. What percentage of BTC users compared to users of the traditional banking system? I'm guessing it's negligible. And I think that people will refuse banking services reluctantly and slowly. All the same, despite the shortcomings, there is convenience in this.

Of course, I would like to see more people like OP and more people switch to bitcoin, but it seems to me that the time for this phenomenon to be widespread has not yet come.

[el kaka22]

I am ready as well but the world is not. I could literally leave every single bank and just live purely full-time in crypto if I could. But all the places I go to works with banks and doesn't accept bitcoin. The good thing is, the amount of places that accept bitcoin keeps on rising every single day.

Digitally, in the online world we have a lot more places that accept bitcoin, all we need right now is the fact that we could get a good return on governmental places, like how El Salvador made it legal tender, or how Ukraine embraces it right now. If we can get that for many more nations, then we are going to have bitcoin accepted in more places and we may end up with full time crypto living.