Post
Topic
Board Bitcoin Discussion
Re: Future of Bitcoin
by
bg002h
on 01/04/2013, 02:02:03 UTC
No banks, thank you. They are not needed anyways!!!

Why not? Currently, banks are a necessity. But if all the transaction power is given to the people, banks will became what they should have been in the first place: A service. Mainly for people who are willing to pay a small fraction of money to have their other money kept in safety. Let's face it, being your own bank is risky


why is being your own bank risky? Can you not take care of your own finances? Sorry I dont understand you point.
Many computers get infected with malware. Most computers don't have cash that you can make a copy of either though. It doesn't take much thought or effort to find examples of decidedly not dumb people losing Bitcoin. Bitcoin will redefine "bank," not eliminate them.