Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
apriyoni
on 14/04/2016, 07:30:55 UTC
In theory it could make central banks dissapear. I think in the future regular fiat cash will eventually be replaced by digital cash.There's just too many advantages. I watched a documentary about counterfeit us bills the other day and there's billions of it being made and flooded into the market. The bills are so good that it's hard to tell them apart. Bitcoin solves this instantly. Bitcoin also solves the issue of banks being able to print it as they like which as we know devalues the currency whereas the opposite is true of bitcoin.

I agree with that. With bitcoin, there is no need for the centre banks to issue currency and control interests.