A clear example of why Satoshi's creation (Bitcoin) is better than the bank

[Lida93]

I have always said that the traditional bank doesn't favour the average individual in the society. These policies usually find fulfilment on the common man with little cash to his name, meanwhile, wealthy influential individuals or those that occupies highly placed positions are given exception. But with bitcoin there's equality for all in accessing and making withdrawals as many times as they wish. Something the traditional banks deprives us from.

  Bitcoin is really a good innovation that revolutionized banking system, banks doesn’t favor every individual as they charge us for keeping our money with them while bitcoin does not charge you for saving or transacting using it. For example when Elon musk bought twitter if the transactions were made in bitcoin it wouldn’t have costed him $200million but because it was carried out in banks it costed that much.
 Satoshi really made a ground breaking alternative innovation to the banking system making it much easier and cheaper to carry out transactions but many countries and individuals failed to understand the main reason behind this innovation and untill date did not take bitcoin as an alternative solution to banking system and the problems surrounding traditional banking systems.

The revolution is massive and all inclusive provided the individual is ready for the adoption, nevertheless, with bitcoin we're still charged for TX fees and sometimes these fees go high due to network congestion I'm the mempool which is understandable in as much as it's use case advantage is weigh better and secure than the traditional banking system.

  For us we can still be considered as early adopters because by speculation not up to 20% of the world population has adopted bitcoin for transactional uses and that gives us the window of opportunity to take a huge advantage of it to our benefit before their eyes get open to the innovation by then we would be ahead.

[Cryptoprincess101]

To those that's ever wondered why Satoshi created Bitcoin as an Alternative to fiat, the incident that occurred in the image above should make you understand better.

I don't think is good to refer to bitcoin as an alternative to Fiat. Bitcoin is digital money of its own and the reason why Satoshi created it was to differentiate it from Fiats since its operation is decentralized unlike Fiats that are handled by centralized authorities like the Banks. Bitcoin gave more privacy to its holders because only you and the receiver are aware of the amount you are transacting with unlike Banks that will ask numerous questions just because you want to transact with a huge amount of money that you earn on your own and kept in their custody. It's only those who don't embrace freedom and privacy that will not like and adopt bitcoin.
       Just like the narration in the image, some people have got robbed of their money in the bank due to lack of privacy and account information being compromised by cashiers and Bank managers, so bitcoin has come to end them all and give everyone full custody of their asset without the knowledge of any third party. Bitcoin has become easier, faster and safer way to make transactions from one party to another.

[Pi-network314159]

To those that's ever wondered why Satoshi created Bitcoin as an Alternative to fiat, the incident that occurred in the image above should make you understand better.

I don't think is good to refer to bitcoin as an alternative to Fiat. Bitcoin is digital money of its own and the reason why Satoshi created it was to differentiate it from Fiats since its operation is decentralized unlike Fiats that are handled by centralized authorities like the Banks.

I don't think you understand what MainIbem is talking or you actually understand what alternative means. When they talk about alternative they mean second option or when A is not available then B become the alternative to A.  But doesn't in any way mean that alternatives is comparison. Although bitcoin as a second option or alternative to banking fiat system has become the best but even as that, we can to say that "it is not good to refer bitcoin as alternatives to fiat"
despite the usefulness of bitcoin we can not see it as not being an alternative to fiat. If I may ask you what is the purpose why satoshi created bitcoin?  And if bitcoin is not an alternative to fiat then what it's is?  Because as we can see, since our local banking system is failing us, bitcoin is now the second option everyone is adventuring.  So explain to me in detail.

[Cryptomultiplier]

As long as you live in this country and own a bank account, there is a possibility that you may have experienced similar issues arising from either withdrawal, deposits or even savings process.
It is just one of the reasons why also fintech banks are gaining momentum against the traditional banks and the government having seen that they are losing control of the citizens who don't use banks anymore, force these fintech banks to be regulated too.

Crypto currency opened our eyes to the flaws in the banking system and so far, we have more persons using cryptocurrency to either receive or make payments after transactions mostly if it is a private business that no other ears can hear about.

I was called by my bank manager some days back because of the fact that I stopped using the bank to receive or keep funds. After so much hullabaloo of going to renew my ATM card and even try to make some things straight with the account, it still hasn't been clear as to how funds get deducted for unreasonable charges and without prior notice and sometimes I get debited without refunds, only to meet a long queue with bank staffers waiting on network or attending to only special customers.
This prompted my decision and so far, cryptocurrencies work well with the P2p options available for fintech banks and without the hassles of answering questions or queries from financial agencies.

[Cryptoprincess101]

To those that's ever wondered why Satoshi created Bitcoin as an Alternative to fiat, the incident that occurred in the image above should make you understand better.

I don't think is good to refer to bitcoin as an alternative to Fiat. Bitcoin is digital money of its own and the reason why Satoshi created it was to differentiate it from Fiats since its operation is decentralized unlike Fiats that are handled by centralized authorities like the Banks.

I don't think you understand what MainIbem is talking or you actually understand what alternative means. When they talk about alternative they mean second option or when A is not available then B become the alternative to A.  But doesn't in any way mean that alternatives is comparison. Although bitcoin as a second option or alternative to banking fiat system has become the best but even as that, we can to say that "it is not good to refer bitcoin as alternatives to fiat"
despite the usefulness of bitcoin we can not see it as not being an alternative to fiat. If I may ask you what is the purpose why satoshi created bitcoin?  And if bitcoin is not an alternative to fiat then what it's is?  Because as we can see, since our local banking system is failing us, bitcoin is now the second option everyone is adventuring.  So explain to me in detail.

lol, no be small explain to me in detail. Well, you sound very contradictory in your explanation about what alternative means as regards to Fiats and bitcoin because just like you said that alternative means a second option then how does it really sound to you when you refer to bitcoin as a second choice? There is difference between Fiats and digital currency. Fiats means an official authorization according to the dictionary which means that each country has a currency they give authorization to as their legal tender whereas Bitcoin is in digital form and can be transacted directly from one country to another without any authorization unlike Fiats that goes through exchange when you want to make transaction from one country to another so there is a big difference between Fiats and bitcoin and i still stand on my existing statement that we should not refer to bitcoin as an alternative to Fiats. Instead, it will be better to say that bitcoin is going to supersede Fiats, i think it sounds better that way.

[Jegileman]

You could imagine a cashier exposing her to theft by announcing the amount she wants to withdraw to the public, not minding who's listening or if it could lead to robbery outside the bank, you won't experience all this third party interrogations with Bitcoin moreover transactions are private and secured which makes it more preferable to the banking system. Just like she said "If you need permission to withdraw your money then it's not your money anymore". Let's Discuss, you could check the handle in the image above if you're further interested in the full details of her experience with the bank.

This is not nice to read but it’s basically how all this banks work and you won’t have a final say on how to use your money when you want to withdraw. How funny it may sound that you won’t be interrogated when depositing the money because they can leverage on that money to boost their business but when you want to withdraw the money, you’ll be interrogated on what purpose you need it for and even to the extent of making it know to the public that you’re withdrawing such a large amount of money.

Satoshi Nakamoto was never in the fight to replace the traditional banking system but only introduced bitcoin to serve as an alternative to it. For those that value their privacy more will only chose bitcoin and those that don’t really care about the privacy will always want to go with the traditional banking system they’re used to. I hope in the near future, the legalization of bitcoin takes more effect and we don’t need to be converting back to fiat before we spend them locally.

[Juicyhome]

You could imagine a cashier exposing her to theft by announcing the amount she wants to withdraw to the public, not minding who's listening or if it could lead to robbery outside the bank, you won't experience all this third party interrogations with Bitcoin moreover transactions are private and secured which makes it more preferable to the banking system. Just like she said "If you need permission to withdraw your money then it's not your money anymore". Let's Discuss, you could check the handle in the image above if you're further interested in the full details of her experience with the bank.

This is not nice to read but it’s basically how all this banks work and you won’t have a final say on how to use your money when you want to withdraw. How funny it may sound that you won’t be interrogated when depositing the money because they can leverage on that money to boost their business but when you want to withdraw the money, you’ll be interrogated on what purpose you need it for and even to the extent of making it know to the public that you’re withdrawing such a large amount of money.

Satoshi Nakamoto was never in the fight to replace the traditional banking system but only introduced bitcoin to serve as an alternative to it. For those that value their privacy more will only chose bitcoin and those that don’t really care about the privacy will always want to go with the traditional banking system they’re used to. I hope in the near future, the legalization of bitcoin takes more effect and we don’t need to be converting back to fiat before we spend them locally.

It's crazy how you will stay in bank for a whole day to make a withdrawal of your own money. The bank system can even frustrate your business and time. And they are not ready to adjust or change. So tell why won't people consider other alternatives that won't stress them like bank. Bitcoin will increase add more value to your money if you keep for long than bank. Bank will rather deduct from your money everyday. Some banks are best at deducting customers money than adding interest to the money. If fact there is no reason to keep your money in the bank in the our generation when your have idea about bitcoin.  I'll always choose bitcoin over any bank. I'm confident with bitcoin than bank system.  Where no one will tell me how to use my funds.

[Roseline492]

Satoshi journey with Bitcoin is not to compete with Bank but the reason why we are seeing this fight with bank is because of how eased Bitcoin transactions is, however is very unprofessional for a bank cashier with years of experience to announce to everybody in the bank on the amount he wants to withdraw, it doesn't make sense and besides Banks has a limited privilege to ask a certain question, because for me it will be very unpleasing for a cashier to ask me what I want to do with my money before I can withdraw it when I wasn't ask during depositing, however I don't think this kind of story can even happen in Nigeria because nobody has talk about it before and this picture is obvious not from our country because is a dollar transaction but you can respond if you have been asked the same question in the bank.

[Ever-young]

Banks will always be banks. They are there to make money from your own money, enrich themselves, and still provide customers with poor support service. It's just a ridiculous something, but what can we do?
 
We still need them no matter how we want to put it, but they can be used for alternative transactions, like for money we are going to make use of on a daily basis and not for a heavy amount of money, which they will want you to pull off with both your birth and death certificates to prove to them what's not even important and necessary, and on top of that they still charge you for entrusting them with your money while they are still busy making a profit with your money.

[MainIbem]

Satoshi journey with Bitcoin is not to compete with Bank but the reason why we are seeing this fight with bank is because of how eased Bitcoin transactions is, however is very unprofessional for a bank cashier with years of experience to announce to everybody in the bank on the amount he wants to withdraw, it doesn't make sense and besides Banks has a limited privilege to ask a certain question, because for me it will be very unpleasing for a cashier to ask me what I want to do with my money before I can withdraw it when I wasn't ask during depositing, however I don't think this kind of story can even happen in Nigeria because nobody has talk about it before and this picture is obvious not from our country because is a dollar transaction but you can respond if you have been asked the same question in the bank.

There's no doubt that Satoshi's creation wasn't meant to generate a compete with the banks, he only saw some lapses from the banking system and decided to create an alternative that's free of a third party and offers smooth and quicker mode of transaction and it's left for anyone to decide which they want to stick with. However people are currently beginning to notice those lapses from the banking system cause their mode of operation keeps getting worst as time goes, you  could imagine how unprofessional their employees could be by exposing customers to the risk of robbery. Maybe you've not had such experience before but I've heard of cases in our country whereby the bank blocked a customers account and called to interrogate him cause some money got into his account just for him to get their and got arrested by crime agencies all because the money is related to cryptocurrency that's very unprofessional and unfair since they didn't carry out investigations to be sure if it's fraud money or not before getting him arrested.