Post
Topic
Board Economics
Re: How Bitcoin Makes Banks Obsolete
by
RealBitcoin
on 10/09/2015, 17:16:31 UTC
Banks and bankers are ultimately too big to fail,
and governments will do anything they need to
in order to stay in business.
If the financial system starts moving to bitcoin,
then the banks will just buy out bitcoin
companies.

I`d be happy with that. It's better to have the banks as your ally than your enemy.

I have no problems absolutely with the banks, and this would be the best thing that could happen, to resolve this conflict in a civil way.

The best thing to do. It it will be the ideal choice if banks will adopt bitcoin as a currency with all the best it has. But I'm fear that this will fight the other currencies and it will not be possible. Only if the bankers find other incentives for the other currencies that can compete in some ways bitcoin.

I think the banks will like cryptocurrency eventually. They are already in this monetary system, gaining advantage of fiat, by printing it.

But when it collapses, the banks have to switch, to save their own businesses, and then it can come quite handy for a bank to be the first one to adopt bitcoin.

And politicians? They will love to get campaign donations via bitcoin, because it will be easier for them to raise money.

So its all set and done, its only a question of time until it becomes mainstream.