Quote from: Wilsonong222 on May 07, 2018, 08:26:41 AM

Quote from: amishmanish on May 07, 2018, 04:31:27 AM

Quote from: Wilsonong222 on May 07, 2018, 02:45:22 AM

I have notice that some of us here in the forum have this kind of bitterness feeling in banking sectors. They always compare banks and cryptocurrency and to the extent that they want to eradicate banks and to be replace by crypto. Are you sick and tired of reading this kind of post?

You feel this way because you have spent too much time thinking about altcoins or tripling your money by trading. If you tried to go to the roots of why people need bitcoin then you would understand that the purpose is much more than making easy gains available to early adopters and scammers.

The basic purpose behind bitcoin is to provide humanity a way to shrug the control that financial institutions have over the working class. There is close relation between the central bankers ability to fund governments with debt and increased burden of inflation, taxation and public spending cuts resulting from economic crises. Bitcoin provides a solution by removing all of those third party intermediaries that tell you how much value your money/ property has.

Sorry my friend you might misunderstand the title of my post. Every BTC fan knows the very basic use of bitcoin. You are correct that BTC provides solution on third party intermediaries.

What I really want to happen is to people should understand that banks are business. It is one of the oldest forms of industry created way back to the old time. Lets us focus on cryptocurrency development and leave the difference on perception on banks. These two entity are possible co-exist and I think that will be more beneficial to all of us. Stop whining that banks have bad practices you option not to use it.

For your question, yes i am getting tired of seeing post about banks being the devil.

I also agree with you that bank and crypto can coexist. People who are behind banks are smart people and they know that Bitcoin or altcoins can be bad for thei business but again as we see now some banks are not actually waging war against crypto insted they are adapting it. Recently singapore is releasing bitcoin bank notes. I will not be surprised one day that banks will release their own coins and probably accepts our digital assets.