Post
Topic
Board Economics
Re: Bitcoin VS bank
by
tylerderden
on 06/05/2018, 17:48:57 UTC
For more than a century, the banking system was used to fund state, endanger the stability of the economic activity, robbing private savings, eliminate one road, promote the financing dependence, even make violent reached an unprecedented scale, all because we do not have different techniques to implement monetary exchange. Now the monopoly is being broken. Bitcoin was born. The fear of the ruling class is only just beginning.

Do you think bitcoin will replace Banks in the future?

There have been topics like this before. And I will still say, bitcoin will never replace banks and will not replace anything in this world. Bitcoin is an additional currency that has good price or value. Banks just need to adjust the way they think about crypto. Banks will comtinue to exist and will stay I think forver.
I agree with you my friend, Bitcoin has its own uniqueness in terms of value . Bitcoin cant replace banks for it is not that powerful as what we see today.
Cryptocurrencies like Bitcoin and Ethereum have significant advantages over banks in a number of areas, including security, borderless transaction settlement, efficient payment clearance, and lack of dependence on centralized service providers or entities.
I think Bitcoin is the clear winner because Bitcoin offers more profit margin than the banks.Bitcoin is the number one cryptocurrency and it is the money making machine by which many people have become rich.Even billionaires invest in Bitcoin so as to earn more profit. If we keep our money in banks the growth rate is not much than that of Bitcoin. Taxes are also implied on the money but Bitcoin is decentralized so no taxes can be implied on it.