Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin make Banks disappear?
by
nicoly
on 16/11/2017, 08:30:18 UTC
No, I highly doubt it. Bitcoin is a system that aims to facilitate transactions without the need for a bank. People tend to overlook the fact that anywhere where one transacts value in different forms inevitably forms an economy. There shall be tools and factors that influence this economy to cultivate it. Banks are just one of the factors that influence economy. Banks run within a different kind of economy. Banks are designed to safeguard people’s money, lend the same money to people that need them to collect interest and eventually have the money rotated within to generate maximum value per rotation.