Re: Bitcoin VS bank

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.

Bitcoin cannot replace banks at the moment because it has not yet gained trust of everyone and also not all of bank customers are aware of crypto currencies. Moreover, when someone first hears about bitcoin and altcoins, he does not feel like trusting it because a common person finds it difficult to believe in security of something that has no physical form. Besides, banks will start accepting crypto currencies.

Banks were the universally accepted financial management system, which is not that easy to get replaced by bitcoin or other sources. Banks lacks service and it has got few functional issues which were easily fulfilled by bitcoin. In my view banks will never go out of usage, banks will serve as the primary financial management service provider while bitcoin as well the cryptocurrency network function alternate to it.

Yes bank is work for physical business and bitcoin is work for network function but those people who are physical businessman they can invest their money in bitcoin because it will also give them best profit and that's why they can earn much more money in bitcoin by any ways in this currency, I think bitcoin is best than banking.