Post
Topic
Board Economics
Re: Can we totally eliminate all the banks in this world?
by
ployfit
on 27/09/2017, 14:17:10 UTC
What is the future of cryptocurrencies when all the government need to do is to close the bank accounts of businesses or exchange?

https://www.coindesk.com/bitcoin-businesses-face-bank-account-closures-in-singapore/

Bitcoin is the only one currency which is dealing people and people are coming attract to bitcoin because bitcoin is the only currency which having future well if we think about ETH then it is also quite good for future.

Yes bitcoin is, but we cannot deny the fact that governments will never allow this, they will never let centralized system could slowly eat the society, what I am trying to say that banks are one of the fundamental establishments the governments were holding it is a financial framework that we should not eliminate it contribute a lot in the economy , and it also giving taxes for public services, but also bwnk must adapt bitcoin system or the blockchain here to shortened the process of profit.

Bitcoin is like a dot on the banking system, just imagine the money circulating in the conventional banking system. If they see a threat, they will kill bitcoin anyways.