Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
danherbias07
on 01/10/2016, 14:18:33 UTC
Not at the current state. People are still dependent on banks to have access to paper money, because there are few places where you can get this through Bitcoin ATMs. In addition, there are few places where you can spend Bitcoin directly.
I would definitely agree with you. bitcoin can not disappear banks at this time nor in near future. because lots of people still don't aware of bitcoin and lots of people are know about it but don't want to use bitcoin as their primary money and payment system.
so it is hard for bitcoin to disappear banks.


Correct and you have a point, there no possibility that bitcoin would   make banks  disappear anytime soon in the future.  As you said  fiat  is already well established  in  how many decades already and bank are storage for  those fiats and theres no way to make it disappear. Its been used  almost all of  people.

Mostly they used it as a storage without knowing that banks are the one who are gaining a lot of profits thanks to their kept money. They give them annual addition percentage for their loyalty but still that aint enough. A larger portion of that percentage that they won from investment will again rotate until they got rich and the people just get a little of it. Aint fair isnt it?